Blackrock CEO Advances Proposal for Global Digital Payment System and Digital Currency


Posted originally on the conservative tree house on March 24, 2022

When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction.  Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.

I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued.  The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.

NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.

In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.

“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.

[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.

[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.

He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures.  (read more)

You see that problem, that “dilemma” Fink mentions in the last paragraph above.  That is what we have been talking about on these pages for more than two years.   It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.

When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.”  Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.

All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum.  They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns.  They all did exactly the same thing, and that collective action is why we have ‘global inflation.’

Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated.  We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.

I will say with great deliberateness, these western governments want inflation.  Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation.  Think about it in very simple terms.  If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.

None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people.  This is by design.  Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies.  They knew what all that intervention, manipulation and govt spending would lead to.

Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.

Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion.  However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver.  Did these governing bodies create the underlying crisis?  We can debate that, but the point is essentially moot.  We are where we are.

The vaccination protocol created the Vax-Passport.  That has opened the door to the digital identity, “digital id.”   Any government created digital currency is going to need a digital id from the outset.

There are a lot of people asking where this is going, and what can be done to stop it.  I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago.  However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.

Canadian Liberal Triggered By The Flag Hatred Inspired By Trudeau


Posted originally bt HodgeTwins  on Rumble on February 19, 2022 27,899 Views

Canadian Parliament Protest Schwab, Trudeau, & WEF


Armstrong Economics Blog/Tyranny Re-Posted Feb 20, 2022 by Martin Armstrong

The Canadian Parliament shuts down probably the most important question concerning treason against the Canadian people. Stating that Schwab has bragged about infiltrating the Canadian government and naming those involved with Schwab after he has openly bragged about this accomplishment, Parliament shut down the question to make sure nobody would answer.

Then the notorious corrupt Liberal MP had the open audacity to claim this is misinformation when it is openly published even at Harvard University, one must wonder what are his connections and how much has he received in gifts, political donations, and favored status from bankers to block any such questions.

These people have betrayed their own country. Schwab’s agenda to eliminate even paper currency was to take place by 2024. But COVID is backfiring which has resulted in bringing this forward to 2023 just after the US elections.

This is the image of Canada merging from the outside. Even Archbishop Carlo Maria Viganò has come out in support of the Truckers.

Schwab was not kidding and it was not the misinformation. The Emergency Act will become permanent in Canada. Deputy Prime Minister Chrystia Freeland intends to make permanent the invasive financial surveillance system introduced as part of the “Emergencies Act” to absolutely destroy and crush the civil liberties protests and to be able to defund all opposition. Freeland is also a Young Global Leader graduate who is also loyal to Schwab. They have been indoctrinated with an authoritarian view of powers and Canada is to have its sovereignty surrendered to Schwab’s global vision. She declared:

“As of today, all crowdfunding platforms, and the payment service providers they use, must register with FINTRAC and must report large and suspicious transactions to FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).” Freeland added: “This will help mitigate the risk that these platforms receive illicit funds; increase the quality and quantity of intelligence received by FINTRAC; and make more information available to support investigations by law enforcement into these illegal blockades.”

“This is about following the money. This is about stopping the financing of these illegal blockades. We are today serving notice, if your truck is being used in these illegal blockades your corporate accounts will be frozen.”

Trudeau has called in the police and they are to attack the protesters with brutal force. Leaks of communications have shown that the RCMP currently in Ottawa is to assist in the crackdown on peaceful protesters allegedly brag about using brutal force in a leaked group chat according to Rebel News. He has also called in police from Quebec who will defend him against the English-speaking truckers. This was Schwab’s and Canada’s Tiananmen Square. Canada may now have only until the 1st week of April.

This is a battle to the death for Schwab’s Great Reset. Canada MUST be driven into submission and this is critical to the ideas of Schwab and his vision for the world.

Schwab has promised these politicians dictatorial powers with the end of all democratic processes. Schwab is pushing the design of Europe upon the rest of the world whereby the head of state NEVER stands for election, neither does the European Commission which makes all laws and to fool the people that they are still relevant, they get to vote for an MP who has no power to make or overrule laws crafted by the Commission. This is the system they intend to impose of the world and politicians will NEVER again need to worry about being voted out of office. This is why governments are now protecting Schwab. He has promised them a world void of any power of the people to vote them out of power. What Schwab has not considered is that he is boxing in people to the point the only solution will be a revolution.

New Interview: Down the Rabbit Hole to Dow 65,000


Armstrong Economics Blog/Armstrong in the Media Re-Posted Feb 4, 2022 by Martin Armstrong

Click to watch Martin Armstrong’s latest interview with the Financial Survival Network.

Armstrong Interview on Highwire Today


Armstrong Economics Blog/Armstrong in the Media Re-Posted Feb 3, 2022 by Martin Armstrong

WE ARE WINNING

UAE to Introduce Corporate Taxes


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Feb 1, 2022 by Martin Armstrong

Tax havens are in short supply. The United Arab Emirates (UAE) recently announced that it will implement a new federal corporate tax on business profits. Part of what attracted business to the UAE was its tax-free status and the move could hurt new money from migrating to the UAE. The new tax will go into effect on June 1, 2023.

“The UAE corporate tax regime will be amongst the most competitive in the world,” the Finance Ministry stated on Monday. The tax rate will stand at 9% for profits exceeding 375,000 United Arab Emirates dirhams ($102,000), while businesses earning under that amount will not be taxed “to support small businesses and startups.” A 9% rate is still certainly competitive compared to other nations.

The UAE will not implement a tax on personal income or capital gains from real estate and equities. Free zone businesses will be permitted to exist in the country, so long as they meet all the necessary requirements. Some say the move will help the UAE move away from its reliance on oil exportation as it diversifies into trade, business, and tourism. Countries that solely rely on their natural resources have trouble maintaining long-term economic growth. However, reliance on taxation is never sustainable as governments continue to spend and whatever tax is in place will eventually rise.

Musk Offers to End World Hunger Under One Stipulation


Armstrong Economics Blog/Corruption Re-Posted Nov 3, 2021 by Martin Armstrong

If billionaires paid their fair share, we could allegedly solve world hunger. How?

David Beasley, director of the UN’s World Food Programme (WFP), called out billionaires such as Elon Musk and Jeff Bezos for not donating funds to solve world hunger. “Just $6 billion could keep 42 million people from dying,” Beasley claimed. Musk took to Twitter with a bold offer — he would personally donate $6 billion if the WFP could explain precisely how they would spend the funds. Furthermore, the richest man in the world is asking the WFP to provide a public record of exactly how the money will be spent.

David Beasley replied to Musk, “Headline not accurate. $6B will not solve world hunger, but it WILL prevent geopolitical instability, mass migration and save 42 million people on the brink of starvation. An unprecedented crisis and a perfect storm due to Covid/conflict/climate crises.” In other words, $6 billion will not solve world hunger as the people managing that sum of money could never keep it out of their pockets. Musk replied to Beasley with a link to an ongoing, unpunished, child sex abuse scandal where UN “peacekeepers” abused hungry children. The details are too grotesque to publish here, but make no mistake about it — the UN is not an entity intent on saving the world. They had to turn down a generous donation of $6 billion because they knew that they could never report the paper trail, and the results would likely be a request for more money.

The Nord Stream 2 Pipeline Delay


Armstrong Economics Blog/Energy Re-Posted Oct 29, 2021 by Martin Armstrong

(Nord Stream Pipeline)

European Union leaders are scrambling for solutions to the energy crisis, but their feared friend from the East has reminded them that a solution exists. According to the Associated Press, gas prices in the EU have spiked to 95 euros from about 19 euros per megawatt-hour in the past year. Around 90% of gas is imported to the EU, and Belgian Prime Minister Alexander De Croo said that the only long-term solution is to invest in renewable energy. “And in the long term, there is only one solution — invest more in renewable energy so we are less vulnerable to price fluctuations for fossil fuels,” he said.

Hungarian Prime Minister Viktor Orban blamed the Green Deal plan for higher prices, which aims to reduce greenhouse emissions by 55% by 2030, with the goal of becoming carbon neutral by 2050. Some leaders are pointing to the use of nuclear energy, such as France, Bulgaria, Croatia, Czech Republic, Finland, Hungary, Poland, Romania, Slovakia, and Slovenia. However, the 27-nation bloc has not designated nuclear power as a sustainable investment yet.

(Nord Stream 2 Pipeline)

In comes Putin and the controversial Nord Stream 2 pipeline that would carry much-needed gas from Russia to the EU beneath the Baltic Sea. “If the German regulator gives approval tomorrow, supplies of 17.5 billion cubic meters of gas will start the day after tomorrow,” Putin said. The Russian president has previously criticized the EU for not signing long-term contracts and failing to work with Russia on energy trade. European Commission President Ursula von der Leyen said that relying on gas from Russia makes the bloc “vulnerable,” but it seems that they are already vulnerable and in a worsening situation with no solution in sight. EU energy ministers are set to meet in December, where they are likely to kick around solutions while ignoring the one that is a pipeline away.

China Rationing Diesel


Armstrong Economics Blog/Energy Re-Posted Oct 29, 2021 by Martin Armstrong

China has begun to ration fuel amid the ongoing energy crisis. As reported by the BBC, trucks in China may only fill their tanks with 100 liters (10% capacity) of diesel, with other areas reportedly only allowing 25 liters. The city of Fuyang is limiting purchases and charging drivers a surcharge of up to 300 yuan to fill up their tanks. The fuel shortage will affect both domestic and international goods as trucks simply cannot drive to their destinations. Despite surging demand, all fossil fuels are in tight supply and have seen drastic upticks in price. Jeremy Stevens, Chief China Economist at Standard Bank, told the BBC from Beijing that companies have already begun using diesel generators to maintain factory operations. World leaders are urging this instant switch to renewable energy and net-zero emissions, but the technology does not currently exist to power the world. The energy crisis will contribute to supply shortages worldwide.

The Chaos of Climate Change – Just Add Nuclear


Armstrong Economics Blog/Climate Re-Posted Oct 28, 2021 by Martin Armstrong