Beware of the IMF

 

Posted Sep 21, 2021 by Martin Armstrong

Any small businessman is always trying to improve his business and expand it to be more profitable. That seems to be a common trait but what you must understand is that the same human trait dominates the bureaucracies and it is dominant at the United Nations, et al. From the very beginning, those in the UN believed that they should rule the world, for the only way to stop World War III was a one-world government.

From the very beginning, the UN saw democracy as a nuisance. The people were too STUPID to know what was best. How could they ever be relied upon to select world leaders? Julian Huxley, the first director of UNESCO, actually put in the founding documents that “unrestricted individualism is equally erroneous.”  In other words, the very idea of human rights, liberty, and freedom was equally as wrong as communism. The only kind of government was one that was authoritarian and not subject to the whims of the people. This has been the goal, and they are pulling it off.

The United Nations has produced a 26-page report outlining an action plan to address the various socio-economic impacts of COVID-19 and the DESTRUCTION of the world economy. This has been intentionally carried out to create this one-world government ultimately. The UN is at the helm and its subdivisions — the International Monetary Fund (IMF), World Health Organization (WHO), World Bank, and the Bank of International Settlements (BIS) — herein referred to as the UN Consortium.

The United Nations has been using climate change to create a one-world government order, but they have run into way too much resistance. So when they were not convincing people to hand them all the power they dreamed of using climate change, they switched and kick-started this grab for power using COVID-19. The origin of the virus was most likely a deliberate leak in China so that everyone would blame them.

This UN Consortium has moved on to something that allows them to use the threat that people will die IMMEDIATELY unless they surrender all their freedoms using COVID terrorism. So far, this has worked very well. Meanwhile, they have sold the fact that socialism is collapsing and the revolution will become inevitable, so we need the Great Reset to restructure a new world order eliminating Democracy in any meaningful manner. Oh, certainly they will allow you to think your vote means something like electing MPs in Europe when Parliament cannot do anything but show up for the cameras.

The climate change agenda was to seize industry and effectively nationalize them, but it was also the justification as to why the UN must be in charge since no single nation would be able to save the planet. They will do that now by virtually bankrupting them, and the state will just take them over. This scheme was even discussed in Germany to nationalize companies since they could not bail them out. For years, the IMF has wanted to replace the sovereignty of the nation-states with a neutral body of experts. This one-world government should be able to dictate financial policy to nation-states. Such a “government” would give the top finance bosses direct access to the savings accounts and assets of the citizens.

The United Nations wants 10% of the world’s entire income for itself. While we argue over the vaccines, the origin of COVID, and where it was leaked, plus climate change, all of this is a distraction from the true agenda of the Great Reset. They are rolling it all out little by little while keeping the attention on the vaccine and climate change so that people do not connect the dots to see the real agenda.

Will the Gov’t Close all Markets?

 

Posted Sep 17, 2021 by Martin Armstrong

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QUESTION: Marty, the government closed the New York Stock exchange in 1914 due to World War I. Do you think they will do that again?

Looking forward to Orlando

WH

ANSWER: The closure of 1914 was not the only time they shut down markets. Even the London market was shut down during war. On June 17, 1864, Congress responded to the wild speculation and simply prohibited buying or selling gold for future delivery to stop the speculation driven by each battle. The penalty was now imprisonment, a heavy fine, or of course, both. The only exception was a gold transaction in a private office. Yet, it was clearly aimed at closing and any minor gold exchanges. Nonetheless, the government simply could not stop the speculation of gold.

Gold advanced from $190 to about $280. Therefore, the Gold Act of 1864 (13 Stat. 132), which passed with little debate on June 17, 1864, only confirmed that the dollar was in trouble and it tumbled against the British pound driving its value to $9.97 per pound sterling.

There is a risk that the FREE MARKETS may be shut down as we approach 2027. There are Panic Cycles in politics both in 2022 and 2024. These people behind the Great Reset will NOT tolerate a free market when it comes to the Euro. You must understand that the crack in the Euro is a debating political factor in Europe which is entirely different from that of what you see in the dollar. Since World War II, European politicians have used the strength of their currency as confirmation that they have done a good job. No American president could run to say the dollar is up against Canada and Mexico which proves I have done a great job. He would be laughed at as nuts.

The Euro saved the crisis of debt in Europe kicking the can down the road. But that road comes to an end by 2024. You have to understand that these people are fighting to retain power in the middle of their house of cards collapsing. COVID passes are all about control – not health. Slovenia denying the right to buy gasoline if you have not been vaccinated? We are confronted by a collapse in socialism and this is the real crisis – not health or climate change. Those are cover stories to alter the entire economy because the collapse would mean revolution. They are trying desperately to head off a revolution – hence unvaccinated no gasoline.

This year’s WEC will be interesting for we have to look at not just markets and where to put money and where to live, but then how to save money when the cards come tumbling down.

Have Central Banks Crossed the Line into Tyranny?

 

Posted Sep 17, 2021 by Martin Armstrong

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With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which was an elastic money supply. That made perfect sense when the Fed was designed in 1913.

Yes, the bankers owned the shares BECAUSE the Fed was actually designed to do what JP Morgan did in herding the bankers together to save the day during the Panic of 1907. Morgan convinced the bankers that if they did not chip in money to bail out the troubled banks, panic would unfold, and ALL the banks would be hit as a contagion. They listened and joined his effort to stem the Panic of 1907. The design of the Fed was to recreate what JP Morgan put together. The shareholders were the bankers because it was a bail-out fund for the bankers, and TAXPAYER money should not be used to bail out the bankers.

Democrat President Woodrow Wilson signed the 1913 Act, creating the Federal Reserve as well as the income tax. Wilson signed the Revenue Act of 1913, which lowered average tariff rates from 40 percent to 26 percent. It also established a one percent tax on income above $3,000 per year; the tax affected approximately three percent of the population. The Federal Reserve, as designed, was independent, and thus there was the Fed policy v fiscal policy set by Congress.

The elastic money was a brilliant idea where the Fed would buy-in corporate paper to provide lending of the last resort when the bankers could not lend due to the hoarding of cash in a crisis. The corporate paper was typically 90 days. When World War I came, Congress ordered the Fed to buy its paper because they would need to issue a lot of debt. They never returned the Fed to its original design to “stimulate” the economy by directly purchasing corporate paper to prevent companies from laying off employees. Therefore, the structural alteration of the Federal Reserve for World War I transformed the theory of Quantitative Easing into an INDIRECT stimulus rather than DIRECT. When the Fed bought only corporate paper, it directly stimulated the economy. When it was instructed only to buy only government paper, which the government NEVER pays off, any idea of the stimulus was wiped out, for at best, it became INDIRECT.

Then Roosevelt came, and he wanted to control everything. He seized the Federal Reserve and took the power of all the branches, and consolidated it into Washington. Section 203 of the Banking Act of 1935 changed the name of the “Federal Reserve Board” to the “Board of Governors of the Federal Reserve System.” Roosevelt’s Banking Act of 1935 also made major structural changes increasing the number of members of the Board appointed by the president from six to seven to ensure he now controlled the Fed. He created for himself the authority to designate one of the persons appointed as “chairman” of the Board and one as “vice-chairman” of the Board, each to serve in such role for a term of four years.

 

As I have explained in “Manipulating the World Economy,” there was a huge confrontation between the Federal Reserve and the White House. The Fed was directed during World War II to maintain par on US government bonds to fund the war. The Fed was ordered to engage in what we call Quantitative Easing. Then the Korean War came, and the Fed rebelled. They refused to continue to engage in Quantitative Easing. The Fed asserted its original independence over politics.

Politics began to creep back in during the Financial Crisis of 1998. The Federal Reserve then stepped in to bail out Long-Term Capital Management in 1998, a failed hedge fund, because if it did not, it would have taken down Goldman Sachs. So instead of allowing that, the Fed bailed out the hedge fund when they really had no authority to do so. That abuse of power led the Fed to then support the bankers who were engaged in manipulating markets to create guaranteed trades. The bankers warned if they failed, then the government would be broke for it was the bankers who bought the new debt and resold it.

 

Then the Financial Crisis of 2007-2009 took place when the bankers got AIG to guarantee their dodgy mortgage-backed securities. When that all collapsed, the Federal Reserve again bailed out AIG, an insurance company that was operating from London, instead of the US banks. They claimed they did not have the authority to bail out Bear Stearns and Lehman Brothers, which were competitors of Goldman Sachs and investment banks. But they apparently had the authority to bail out an insurance company in London, which again saved Goldman Sachs. I believe they deliberately let two of the 5 investment banks fail to help Goldman Sachs rise to the top.

Now, the automated clearinghouse (ACH) system is changing to allow direct deposits from non-banks – i.e. Big Tech in repayment for censorship. On December 23, 2019, the Board approved modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire Funds Service to support enhancements to the same-day ACH service preparing for digital currencies. On September 25, 2020, the Board amended the implementation date for certain modifications. They are preparing for a digital currency, but this means two things.

By this Fed expansion, they are planning for the long-term for the elimination of public debt, in which case there will no longer be primary dealer banks, and hence no need to bail out the banks when they blow up on trading, assuming they will still be allowed to trade in the future.

Once the Fed moves to create its own digital currency, it is no longer the independent entity it was once supposed to be. Welcome to the new 21st century of a hybrid central bank, end of primary dealers, and the elimination of government debt. All for your security, so you do not revolt when the government system collapses.

The real agenda is to replace local police with a federal police force with no local connections

 

Civil Unrest in Europe Rising

Posted Sep 10, 2021 by Martin Armstrong

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This is Bern, Switzerland. Those in power are clearly using COVID to facilitate their financial crisis, which is right on target for 2022. Even in Italy, they are now turning against their own unions, for they have simply been bought and no longer defend worker’s rights. The demonstrations in Italy are escalating, and this is all coming to a head next year. This is the Great Reset, simply because they can no longer borrow and fund all the pensions. The next stage is simply to move toward an authoritarian government, for it is now just about them retaining power. The police are bloody idiots, and everything will depend on them. In the USA, they have deliberately used racism to demand the government DEFUNDS THE POLICE. These people are idiots, as the real agenda is to replace local police with a federal police force with no local connections — they are following the playbook from the Nika Revolt.

 

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In Italy, they are protesting, even yelling, “Assassinate!” The Italians have never been afraid to protest. They are going to have to protest to escape from the clutches of Mario Draghi and the EU under the control of the World Economic Forum.

 

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Meanwhile, Alitalia, Italy’s #1 airline, is on strike because of the COVID mandates. They are rejecting their own union, which has been bought out from above.

It is just amazing how blind so many people are. They think if they mandate vaccinations, then they will get their life back. The lack of independent thought is astounding, and common sense appears to be actually rare.