Economical collapse will increase crime rates
Economical collapse will increase crime rates
1.74K
views
1
comment
Martin Armstrong's new and very strange economic commentary
so one of the first things I've been seeing a lot on your side in terms of the blog is I called like a louder echo as far as the central bank digital currencies go and I was reading one of your articles that goes on the private blog talking about how you know they're just gonna implement this this and it's gonna be like banking as usual only we're gonna wake up and they're gonna know everything about us they're gonna do direct taxation from your perspective how likely is a central bank digital currency system going to happen in the happen and how quickly could you see this thing implemented in all 50 states
Martin Armstrong responded as follows:
I don't think there's any question it's going through they have no choice and this is what people don't understand the main reason for this is because they cannot continue to borrow year after year with no intention of paying anything back then you take the neocons who care less about the economy only one is war so you have them bashing China for example but China is the largest buyer of US debt so now they've been starting to sell everything and if you don't have basically the the people to simply buy the debt this is the problem so we're reaching a point where you're not going to be able to to do that it's just they need a reset and that's I mean look Schwab has been taking our I think whatever we do Schwab seems to do the opposite of whatever but his great reset is our 2032 and we're saying that you know that's when Republican forms the government decline etc and and then we get to rebuild something completely new he's just trying to push it in his direction but you know we've reached a point where we can no longer continue to just borrow year after year and it was zero intention of paying anything back I mean about 70 % of the US national debt is help widows and orphans it's it's just interest going out to to those that are holding the debt it's the biggest transfer of wealth probably in humanity so you know all this nonsense about all we can you know from it from back in the 60s you couldn't borrow against like an e -bot it was illegal all right and after Bretton Woods that's when effectively all that kind of disappeared and so before Bretton Woods you had the theory that it was it was less inflationary to borrow than to print now a lot of you know people still you know talk about that but once they took the debt and they made it fungible that you could you want trade futures your posty bills all right so all before Bretton Woods you had the theory that it was it was less inflationary to borrow than to print now a lot of you know people still you know talk about that but once they took the debt and they made it fungible that you could you want trade futures your posty bills all right so all of a sudden the debt is just money that pays interest. So all this nonsense, people watching the Federal Reserve, all the balance sheet, that's very nice. But nobody's paying attention to what Congress does. And they're printing money more than any central bank would ever do. So that's really what's going on. And they need this central bank digital currency and they basically will use that to control everything. I'm about ready to put out a book on it. And you have to understand that these people are really pretty devious. All right. Why did Victoria Newland hop on a plane and go to Niger? A lot of people are like, you know, so what's a coup in Niger got to do with why was it so important for her to hop on a plane? Because they blew up the North Stream pipeline and they promised Europe, keep your mouth shut and we'll build a pipeline from Nigeria to Europe. But it went through Niger. Then there was a coup in Niger and all of a sudden the pipeline wasn't going to go. That's why she hopped on a plane. So a lot of people aren't really, you know, fully aware of all the shenanigans that are going on behind the scenes. Now, they promised Nigeria that they would do this pipeline and they said, okay, fine, we want you to be the test case for the central bank digital currency. They basically canceled all the currency with digital and there were massive riots burning banks. I mean, I mean, you can Google it and you'll see it's just unbelievable. But that was the test case. Now, what these people in Washington and Brussels say, well, it shouldn't go that way because Nigeria was really about a 60 % cash economy. Where the United States estimates it 20%, Europe estimates it at 35. So their view of going to a digital currency, what's the incentive? It's got nothing to do with the economy. It's more taxes. They're worried that you hired that 1
1.5K
views
2
comments
Jim Willie-Jim Willie - What will happen in the future / P3
Jim Willie and I discuss many things including the economy, the plandemic, precious metals and digital assets/crypto.
1.45K
views
1
comment
Jim Willie - What will happen in the future / P1
Jim Willie and I discuss many things including the economy, the plandemic, precious metals and digital assets/crypto.
1.22K
views
6
comments
FED - RATES, DEPOSITS
Citigroup said NII in its Treasury & Trade Solutions business, which handles operating cash and payments for corporations and makes trade loans, jumped 42% from a year-earlier. The bank said it expects NII to continue to increase this year, which will soften the blow from a slump in deals.
1.37K
views
The Coming Economic Collapse
with crude oil what does that mean for you what does it mean for me what does it mean for all of us look we have been lied to on a scale that is hard to get your head around with regard to inflation being temporary inflation being transitory inflation being contained Janet Yellen stain the thing who came out yesterday talking about a soft Landing again for the U.S economy which we are in free fall all right uh it's all been contained she she used the word contained this is the same word that was used by Ben Freakshow Bernanke uh during the Meltdown of 2008 everything was contained and then then too did it work out so well these things do nothing every time they open their mouth a lie comes out another lie comes out another we should like duct tape these things mouths um all they're doing is lying to us and there's no accountability doesn't that get to you it gets to me but I'll tell you something people what gets to me more than anything as of late really uh and I know it's getting to you too this whole issue this whole issue with the FDIC they are aware of thousands of banks that are in a lot of trouble but it's privileged information we're not allowed to know about this and these institutions can be taken over by the FDIC at any moment that means your cash will be locked up until they figure out what they're going to do about it but you see you can't know about it even though it's your cash in these institutions I don't know I think it's a crime in progress and I think most of you out here would agree but again where's the accountability when was the last time you heard from a politician a previous politician someone get on the TV and say hey you know what this is not right the American people need to know and have the right to know if they have their cash in a failing institution what are they doing what are they doing people again this is a a quiet consolidation of the system the whole entire Financial system especially with the banks here this is a major issue you all know that we knew this you and I called this up before anybody else here okay with no deposits no loans no deals this this is a a phenomenon that the big banks are dealing with as well here record withdrawals um and again this this is this major issues uh ahead and this is all this is going to end up doing is consolidating power in fewer institutions the JP mortgage the Goldman Sachs the city groups the Bank of Americas these are all where the power is going to go uh and again you know what this is all about control control and then more control on top of that the lies the deceptions the distractions the the Janet Yellen stain things telling you how this is temporary it's transitory and it's now it's contained it ain't contained okay no way is this contained as a matter of fact let's talk about that so gym records right most of you know who this guy is smart guy uh has a lot to say
1.64K
views
3
comments
Jim Rickards - China Is Trapped *vocalization*
The way out of the middle-income trap is to develop your own high-technology intellectual property that you can then apply yourself and license to others. The middle-income countries basically pay others licensing fees for the technology they need to grow.
It’s only when you develop your own technology that you can move to higher value-added in your manufacturing and earn fees from others. The key to forecasting Chinese growth in the years ahead is therefore technology.
Can China develop its own technology ahead of advanced economy competitors and create the high-value-added industries that come with it? The outlook here is not good for China. They have shown little or no capacity to invent or produce in areas such as advanced semiconductors, high-capacity aircraft, medical diagnostics, nuclear reactors, 3D printing, AI, water purification, and virtual reality.
The projects that China does have on display that are advanced (such as their bullet trains that run quietly at 310 kph) are done with technology licensed from Germany or France or with stolen technology. China has produced major technological advances, but it has done so in non-sustainable ways including excessive debt and theft of intellectual property.
China has done little innovation on its own. The stolen technology channel is being shut down by bans on advanced semiconductor exports to China, and sanctions on the use of 5G systems from Huawei. Even China’s ability to import high-tech semiconductor manufacturing equipment as a path to developing their own semiconductors has been cut off through export bans from the U.S. and Netherlands.
The second hurdle to growth in China is its overreliance on investment to drive GDP. A country’s GDP account consists of consumption + investment + government spending + (exports–imports).
1.8K
views
1
comment
Paul Craig Roberts - America's Depleted Power / Article
The Obama regimes policy of bailing out the financial fraudsters responsible for the 2008 crash while foreclosing on their victims, reduced American homeownership from 70% to 63 percent. The Urban Institute predicts further declines. Today homeowners’ equity has declined from 85% after World War II to one-third, leaving two-thirds of homeowner equity in the hands of creditors.
1.12K
views