More warnings on 'The Coming CBDC & De-banking' & 'De-banking Coin Dealers'
These updates just came out today from Martin Armstrong's private blog. For your discernment - tntpal.
---------------------------------------------------------
The Coming CBDC & Debanking
MONDAY, AUGUST 28, 2023 BY: MARTIN ARMSTRONG
QUESTION:
You said you are writing about how to survive the coming CBDC/totalitarian control. So, we see a lot of debanking. Do you/Socrates foresee all banks being forced to use social acceptability scores? I joined a bank that says it will not debank any legitimate business, and am slowly transferring some funds to it. While it may be forced to use CBDC, would that affect disapproved legal businesses? It's just something I think about as I prepare for the coming misery. Thanks for all you do, your truth. I plan to come to your next conference in person rather than over the Internet.
ANSWER:
They are resurrecting COVID and will bring back vaccines, masks, and lockdowns. This is really to control society and has nothing to do with concern for your health. They could care less if you die do it before they have to pay your pension. You are only the scum beneath their feet - the Great Unwashed they look upon contemptuously.
The concern is really about what happened with the one experiment in CBDCs in Nigeria and how there was massive violence. In Washington, they are preparing for civil unrest but argue their Nigeria test case was 60% with an underground cash economy. They expect a civil uprising, but they estimate the underground economy is 20%-35%, so they should be able to suppress it using another fake COVID scam.
Nigeria went along with this CBDC experiment by bribing the politicians, promising that in return, the USA would build a pipeline to Europe since it blew up the Nord Stream pipeline to wage economic war on Russia. However, that would then run through Niger, prompting the whole coup issue there as their politicians were bribed. That is why the Queen of the Neocons, Victoria Nulan, rushed to Niger to try to keep her deal going. Meanwhile, her sister-in-law runs the Institute for the Study of War, which constantly promotes war against Russia and China. NOTHING is ever what it seems. The people behind these plots are very devious.
They will DEBANK precious metals dealers and cryptocurrency operations.
They have no intention of leaving an escape route. Other businesses that will be at risk are those who refuse to comply and take things like Bitcoin.
They will all be debanked, and that will be extended to anyone who they do not care for their comments. I am sure I am on that shortlist.
We must understand that they are DESPERATE because the monetary system is collapsing. The Neocons have only cared about war and ignored all the problems of selling the debt to keep their dreams alive. Attacking China has set in motion their liquidation of US debt. You do not fund your enemy so they can buy bullets to shoot you. The Neocons only see their objective as war. Economics gets in the way.
We are to become the economic slaves of the Neocons to fulfill their dreams like Hitler and Napoleon to conquer the world.
---------------------------------------------------------
Debanking Coin Dealers
TUESDAY, AUGUST 29, 2023 BY: MARTIN ARMSTRONG
QUESTION for the private blog:
If coin dealers get de-banked, does it make any sense for the general public to own any gold or silver coins or bullion? Will precious metals coins or bullion retain value without coin dealers, and if so, how? Where do physical precious metals fit in the overall scheme of things over the next ten or twenty years?
ANSWER:
If gold dealers are debanked, which is highly probable, it will be mostly coins that will form an underground economy, so to speak. This is why I have suggested pre-1965 silver coins - not bars.
Even during the Civil War, Abraham Lincoln shut down the gold exchanges. He felt they were making money off the dead, betting on every battle. He signed the Gold Act of 1864 (13 Stat. 132), which passed with little debate on June 17, 1864. This confirmed that the dollar was in trouble, and it tumbled against the British pound, driving its value to $9.97 per pound sterling. This was the first instance of Congress imposing Federal regulation of derivatives. The act prohibited the trading of gold futures and criminalized the sale of foreign exchange for more than ten days in the future. This act was intended to close down the trading of gold. However, to the surprise of senators and Treasury officials, the Gold Act by no means ended the speculation. The formal title of the act was "An Act to Prohibit Certain Sales of Gold and Foreign Exchange."
The establishment cheered the closure of gold trading in the New York Stock Exchange. However, the closing of gold trading only made matters worse. The measure then encouraged people to hoard gold, and international confidence in the dollar collapsed even further, fueling the panic. Congress was confronted by the fact that they could not outlaw the international flow of capital and were compelled on July 2, 1864, to repeal the act and admit defeat. The Gold Exchange reopened on July 2, 1864, hardly two weeks after the law was passed.
The few emails I got from the usual goldbugs that just hate the truth, they have previously criminalized trading in gold.
When we get through this attempt of tyranny so they can retain power, the precious metals will afford that transition to a new currency. However, during this process, they may very well shut down even the futures markets on precious metals, as did Lincoln. Stop the propaganda and face the truth here. You are the enemy of the state, and you better NOT underestimate your opponent.
There is no RULE OF LAW. Justice is always defined as the self-interest of those in power. That has been the way it always has been for thousands of years.
Closing down the coin dealers will NOT prevent the underground economy from functioning - it will most likely result in the exchange value rising further, as took place in 1864. That is why the dollar collapsed, and the entire problem backfired. You will not be able to sell or buy precious metals when they do the CBDCs. Like in 1864, they were desperate, and they failed.
This will fail as well, so you should not convert 100% to precious metals in advance. You will not be able to find a market to sell. So you must accept the swap in your bank account to survive. But the precious metals will have a barter value for the period of CBDCs.
 |
