Tag Archives: WEF Universal Basic Income

Jul 3 2021

White House Brags July 4th Groceries Cheaper This Year, We Will Save 16 Cents on Our Cookouts


Posted originally o the conservative tree house on July 2, 2021 | Sundance | 479 Comments

This is not a spoof.   This is an actual broadcast from the White House Twitter account.  Apparently the Biden administration has hired the same public relations firm used by North Korea to manage their messaging:

Yes comrades, pay no attention to the actual receipts you receive from the local grocery store. Please ignore massive price increases in food you might be experiencing at the supermarket.  These things are simply illusions.  Despite the official inflation records on food pricing provided by the U.S. government, Bureau of Labor and Statistics [SEE HERE, Table 7], according to those who control the oval office our food is actually cheaper this year.

Comrades, we must appreciate the efforts of the Democrat People’s Republic of Krazy (DPRK) and congratulate the Biden administration for achieving a record-breaking new level of absurdity in the distribution of propaganda.  Smiles everyone, smiles…. you saved 16 cents.

On a serious note, this extreme level of gaslighting only highlights how the White House must be very concerned about what is about to happen to them in the next election cycle.  Even the most devout leftists are calling out the Biden administration in response to this tweet.  [Go Look At The Comments]

Even Baghdad Blitzer cannot pull this con off….

Jun 29 2021

Rarest Roman Coin of All Time


Armstrong Economics Blog/Collectibles Re-Posted Jun 29, 2021 by Martin Armstrong

QUESTION: Marty; What is the rarest Roman coin? I figure nobody really knows that answer better than you.

PH

ANSWER: There are there major coins of which only one exists in private hands. They are the champion of all Roman coins – Saturninus. There is one other in existence, and that is in the Louvre. Then there is a gold coin of Leontius, the Isaurian Usurper (484-488 AD). Only four coins exist, but three are in museums.

The third rarest coin of which only one is known is that of a denarius with the portrait of Caracalla on one side and Plautilla on the other. Caracalla was a deranged and hateful emperor. As soon as his father died, he had a brother who killed him while in his mother’s arms. He then had portraits of Geta removed.

Plautilla was the daughter of the powerful Praetorian Prefect Plautianus, a close friend of Septimus Severus. Plautilla was married to Caracalla in 202 AD against his will. Caracalla literally hated his wife and vowed to have her killed when he became emperor, a promise which he would most certainly keep. In 205 AD, Caracalla first had to remove her father on the grounds of treason, which Caracalla arranged.

Caracalla then sent Plautilla to be banished to the Lipari Islands. Later, Plautilla was murdered on the orders of Caracalla in 212 AD during the purge which followed the murder of his brother Geta.

We can see surviving portraits of his family where he erased the image of his brother. Likewise, his hatred for Plautilla was so renowned that the extreme rarity of this lone surviving coin stands as a testament to Caracalla was also eradicating existing coins that show him with his most hated wife.

Therefore, while individual coins of Plautilla are fairly common, Caracalla appears to have recalled those showing him with his wife on the same coin. Other dynastic coin issues showed his brother was not recalled with as much fervor. Even the coinage of Geta is also fairly common. The number of individual coins of Geta and Plautilla most likely made such a recall impossible.

Therefore, each of these coins is unique. However, that does not mean they are of equal value. The Plautilla issue is probably worth $50,000 to $100,000. The Leontius aureus would bring probably $500,000 to $1 million. The Saturninus is far more important for this is the coin that changed history. Academic declared the book Historia Augusta was a fraud because it listed over 20 emperors during the short span of the early years of the 3rd century, which they never heard of. When the two gold coins of Saturninus were discovered in a dig in Egypt, that proved that Historica Augusta was real.

This coin today would most likely bring even $5 million. If ancient coins reach the level of American, then we should be looking at $18.8 million for this coin by comparison to the 1933 $20 gold coin, which is also unique.

Jun 25 2021

Can a Single Market Change Course & Nothing Else Happens?


Armstrong Economics Blog/Understanding Cycles Re-Posted Jun 25, 2021 by Martin Armstrong

QUESTION: I believe as professors have taught Keynesian Economics, so too will we one day have Armstrongian Economic theory. My question to you sir is this, “Have you ever seen Socrates react to a singular event that made your computer model actually do a complete 180? Thanks for all you do! Your blog is the single most important source we have in the world today, BAR NONE!

RB

ANSWER: No, I have never seen that. Even when you look at the famous Buffett Silver Manipulation, note how gold did not follow. That was showing the market was manipulated and it was simply being pushed to the Monthly Reversals, all for a quick buck. Everything is connected. It is impossible to have one market that moves completely opposite, changing its trend, and nothing else happens. You can push a market between the Reversals. That I have seen. But you cannot change the trend.

The dollar, stocks market, gold, real estate, and commodities are all in sync. They are playing out a dance, and you need to step back to look at the whole rather than a single market. Only then will you see the connections.

Jun 16 2021

Real Estate – Alternative to Bonds


Armstrong Ecoomics Blog/Real Estate Re-Posted Jun 16, 2021 by Martin Armstrong

QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone in Florida. Is that you?

HP

QUESTION #2: Is Vanguard and Blackrock part of the great reset fraud?

SB

QUESTION #3: With the revelation of Blackrock buying up single family homes and making homeownership and rentals unaffordable, what is the average person to do? My son and his family and my husband and I were getting ready to purchase homes to settle down in but have now been priced out of most markets and rentals are also hard to come by that we can afford. We live in California but are wanting to get out of Dodge.
Sharon

ANSWER: I am not a liberty to say who is and who is not our client. What I can confirm is that Blackrock has bought more than 20,000 homes in Florida under $500K. They are buying for cash and this is the result of artificially low interest rates. Central banks have created a disincentive for buying government bonds. This is going to come to a head and we will see interest rates rise because big money is looking at the return on renting out homes rather than investing in bonds.

This is not part of the Great Reset in saying you will own nothing. This is the shift from Public to Private. You cannot artificially lower interest rates to absurd levels under real risk and then expect them to remain there indefinitely when these pension and investment funds need higher returns. The good news to this trend is that it is resulting in the institutionalizing of the real estate market which is far better than the last attempt by creating mortgage-backed securities.

Socrates covers real estate around the world which has been part of our Institutional services. We have made this available to all levels of subscribers. We do have this broken down per state in the USA. We will be adding that to the general system because of the impact of this shifting from Public to Private in capital investment.

Jun 15 2021

Democrats Moving to Impose Wealth Tax – 5% of All Assets


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Jun 15, 2021 by Martin Armstrong

In Germany during December 1922, the last straw that broke the back of the German economy was a forced loan of 10% of all your assets. This destroyed the confidence that remained in the Weimar Republic and thereafter people withdrew the money from banks and started to convert to other currencies and to buy whatever tangible assets they could. Hyperinflation took off in 1923.

History repeats BECAUSE human nature remains the same. In an interview with The Hill, of course, it was a Democrat from New York Thomas Suozzi who said he’s in the early stages of looking at what he called a “patriot tax” which is really a WEALTH TAX that he is proposing to impose as a one-time surcharge of 2.5% on wealth between $50 million and $100 million and a 5% on wealth above $100 million.

This is NOT income – this is on assets. It will require full disclosure of all assets held globally with penalties of imprisonment and confiscation of assets if you lie. Note this is how they introduced the income tax in 1913. They always put the initial level above the average person. In 1913, the average annual wage was about $1,500. Making the income tax starting at $3,000 was to ensure the people would not worry about the rich.

They are doing this once again. True, I would not care if Bill Gates or George Soros had to pay 5% of their gross worth. But they throw that into their foundations which will not be taxed. My real concern is once they push this through, then it is one small step for the government to lower that to $1 million or $500,000. Even if you own a home that is $1 million and you have an $800,000 mortgage, you are taxed on the $1 million – not the net.

Still, many people will say anyone with $1 million can afford to pay 5%. But that includes all assets – the value of your home or business. He says they will give them 5 years to pay it. Why? Because this is on all gross assets that they will then appraise. They can say your home is now worth $1 million despite the fact you paid $250,000 so you have to pay 5% of that $1 million gross as well. We are talking about assets that not LIQUID meaning you then must sell things to pay the tax. This is how they destroy farmers. The inheritance tax forced the sale of land to pay the tax ultimately leading to big corporate farming.

So you wanted to know how to destroy an economy as fast as possible? All you have to do is impose a WEALTH TAX and watch what happens! You can double your money in the stock market, they want 5% to the total gross value. They could easily tax you on the maximum value of Bitcoin holdings during a given period. Do not count on any federal judge ruling in your favor. That will NEVER happen!

So this is just another nail in the coffin of the West and why China will emerge as the #1 world economy. The LEFT will destroy everything – it always ends up that way. That is neither my opinion nor a conspiracy theory. It is just history. The policies of the LEFT are prohibited by the Ten Commandments. Not only does this violate the freedom of religion, the same prohibition appears in other legal codes from ancient times proving that it was prohibited for good reason.

Jun 15 2021

Been There, Done That


Armstrong Economics Blog/Forecasts RE-Posted Jun 15, 2021 by Martin Armstrong

QUESTION: Are you familiar with that studies of pundits have shown that their forecasts are no better than chance. You seem to be in the category of what those studies at Penn University by Philip Tetlock called “superforecasters”. Would you care to comment on how you are right so often when others never are?

UT

ANSWER: I am not familiar with those studies on forecasting but it makes sense. The vast majority of forecasting is nothing more than opinion. That is why they are rarely correct. Even Barron’s took a shot at me because in 2010, the forecast was that we were entering a bull market with new highs on the horizon following the crash of 2007-2009. Of course, Barron’s never wrote another piece to say the forecast was correct. Barron’s acknowledged I had forecast the 1987 Crash. But they never reviewed everything.

The press likes pundits to talk opinion. They are not really interested in forecasting. If they were, they would do a serious article on all our forecasts concerning the methodology that has been correct for a single reason — history repeats. Socrates puts the entire world together and maps out the capital flows. Just follow the money — that will mean you will be far more correct than sticking your finger in the air to judge the direction of the wind.

Stone Age Grave

History repeats because human nature never changes throughout the millennium. We are a species that will never change because human nature remains the same since the dawn of time. There are Stone Age graves with people buried with dignity. The most amazing find so far of a Stone Age grave was of a female and two children hugging each other. They were carefully arranged in this position. This strongly indicated they had spiritual beliefs and cared for their dead, but most of all, it showed love.

Throughout millennia, people before recorded history showed how that they cared for one another. They also showed a consistent belief in the hereafter. There are even dozens of burials in the southwestern Siberian village of Staryi Tartas, where human remains were positioned in pairs facing each other. The rare couple burials are among 600 graves dating to between the 17th and 14th centuries BC from the Bronze Age Andronovo culture. Even in the Stone Age, there was respect for the dead shows love existed then as it does today among our species.

This respect has been a tradition in human communities that appears from the very beginning. But Socrates cannot answer that question. It can show the correlations with religions and demonstrate the similarities of cultures around a central belief system. It cannot confirm or deny the existence of an afterlife. That becomes opinion.

Human nature endures. We travel through time, and technology progresses with our knowledge. However, emotionally we remain very much the same. Society MUST move through these crash and burn periods. It is how we progress through history. We learn only through our mistakes — never our victories.

Therefore, the correct forecasts are not because of my personal opinion or some guess. Everything is based upon history and what that reveals is straightforward. Given the same circumstance, human nature will ALWAYS respond in the same manner, like an animal cornered will stand and fight even if it is a possum that normally plays dead. The future becomes understandable ONLY when you understand the past.

Jun 12 2021

Interview with Karl Marx


Armstrong Economics Blog/Politics Re-Posted Jun 12, 2021 by Martin Armstrong

https://youtube.com/watch?v=vZ9myHhpS9s%3Ffeature%3Doembed%26wmode%3Dopaque
Jun 7 2021

Moonbat Parseltongue, Secretary Janet Yellen Blames COVID for Inflation Today Because Everything Was Cheaper Last Year


Posted originally on the conservative tree house on June 6, 2021 | Sundance | 109 Comments

Boy I’m glad she decided to take one last question at the end of her G7 Finance Minister press conference, because that one question was the one that mattered…. and it didn’t come from a U.S. journalist (go figure).

In this Q&A with Treasury Secretary Janet Yellen she is asked about massive ongoing inflation and why she is not worried about it from a U.S. monetary policy perspective.  Her reply is jaw dropping.  [Video at 25:10 prompted]

First, note the words used “my personal opinion is“, that’s a key *tell* that she is now shifting from economic discussion into the manipulated words of a U.S. political appointee who is in place to support the absolutely insane policies of the JoeBama administration.   However, what she follows with is beyond absurd… it’s professionally false and filled with gaslighting.

Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists.  She claims pricing is returning to where it was at pre-pandemic levels.  This is an absolutely absurd statement that every single reader of this site can see, feel and absorb in their own lives.

Her example of Airline prices returning to pre-pandemic levels is devoid of reality.  Airline prices are dramatically escalating because fuel and energy prices have risen 40% or more over the past five months.  When the airline industry was hit by COVID impact, to manage costs they shut down operations – reduced flights, put planes out of commission, eliminated on flight services (food beverages), and downsized their entire industry.  They did not significantly lower prices.

Secondly, Housing prices did not drop…. rents did not lower… mortgage rates did not decrease…  grocery store food prices did not drop (they went up)… “Away from home” food prices did not drop (they stopped or stayed the same),…. the cost of cars, hard goods, durable products, did not drop.  Nothing dropped in price.  Instead the sellers of products and services modified their businesses (or shut down) to adjust to the drop in customers.  Barbers and hair stylists did not lower prices…. nothing dropped.

Businesses did not, DID NOT, lower prices.   If anything, they added surcharges for modifications to their business.

Inflation rates this year have absolutely nothing to do with lower prices last year and “return to normal” prices this year.   She is selling nonsense.

THAT is professional gaslighting from the Treasury Secretary of the United States.  Quite remarkable.

May 20 2021

Over 100,000 Millionaires/Billionaires Have Moved from NYC to Florida


Armstrong Economics Blog/Migraction Re-Posted May 19, 2021 by Martin Armstrong

The Great COVID Migration

Interestingly, at least 33,565 New Yorkers exchanged their NY driver’s licenses for Florida credentials between September 2020 and March 2021. In total, during this COVID nonsense, 104,960 New Yorkers made the switch to Florida. New Jersey came in second with 53,901, and the migration has also been from Georgia (48,143), Illinois (46,042), and California (43,801). The stats are really astounding. We will see taxes rise further in those states because the people leaving are the highest income earners.

May 20 2021

IMF Cryptocurrency is Coming to Dominate the World


Armstrong Economics Blog/Politics Re-Posted May 19, 2021 by Martin Armstrong

The general talk has been that the end of the fiat monetary system is imminent. Central bank digital currencies allegedly threaten the US dollar, according to some very shallow reasoning and a total lack of understanding about why the dollar is even the reserve currency. Beyond that delusion, these people are claiming that cryptocurrency will end fiat currency. But even private cryptocurrency is not backed by anything either.

Then there is serious talk behind the curtain in addition to the United Nations trying to become the one-world government that will be a dictatorship with no democratic process whatsoever. There is some argument that the central banks’ digital currencies will not displace the dollar and that title will go to the digital “IMF Coin” that will become the new reserve currency.

The dollar is the reserve currency, just as was the Roman silver denarius because it was not just the financial capital of the world. Still, they both represented the major economy, and everyone was trying to sell to the core. Rome conquered most of the Western World at that time, and most found it beneficial to be part of Rome. They often received capital investment into emerging markets, and they produced local goods to be sold to Rome. For example, Egypt was a major supplier of wheat to Rome.

Most transactions today are digital, so converting paper dollars to cryptocurrency will not dramatically alter the economy. The UN and IMF are simply trying to take over the world for a power play. They do not have armies, nor do they possess economies to qualify for the world’s financial capital. They are drunk with this delusion of power that by sheer decree, they can rule the world. From the very beginning, the elite saw in their vision that they would dominate the world and end democracy. Huxley was against the United States and believed that “unrestricted individualism” was equally wrong as a total dictatorship as in communism.

This is what Kalus Schwab is saying in his 8 points for 2030 — end the threat of “populism,” as was the case in electing Trump, by eliminating any right of the people to be heard. What Schwab, the UN, and IMF see is retaining some basic human rights but removing our right to even say what kind of government we want. In their world, only the elite know what is best — not the people.

This is the real agenda behind cryptocurrencies to lay the foundation for the ultimate power being handed to the UN and the IMF. This folly will not succeed. For such entities are like men and even corporations — they are never immortal. I will celebrate the day the flags of the UN are lowered forever. It has always been a very dangerous and lustful entity drooling for supreme power.