Dutch TV Discusses Eliminating Cash
COMMENT:
Hi Martin,
Yesterday there was a discussion on the Dutch TV station RTL-Z about abolishing cash:
People could ask questions and they perfectly understood that this means a loss of freedom. At least I am happy this topic is being discussed and that Dutch media are not secret about it.
Kind regards,
A
REPLY: Yes. This topic is now appearing everywhere. It is a major sales job to get everything going in that direction to prevent a banking collapse and to get every penny of tax government needs. This is massively a deflationary trend.
Saudia Arabia Acknowledges End of Petrodollar
Saudi Arabia has announced the end of the petroleum is upon the world by 2032 – the peak in the ECM. They now announced plans to invest by 2032 a total of $109 billion in the solar industry and become an exporter of electricity.
The Secret Meeting in London to End Cash
I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anythhing without government approval. When I Googled the issue to see who has picked it up yet, to my surprise Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as the Central Bank of Nigeria, but I have yet to find reports on the meeting taking place in London when my sources are direct.
Other newspapers who have covered my European tour have stated that the “crash” of which I speak is the typical stock market rather than in government. What is concerning me is the silence on this meeting where there are more and more reports about a cashless society would be better.
If we look at the the turning points on the ECM, yes they have been to the day when there has been a concentration of capital in a particular market. However, it has also picked the turning points in political decisions such as the formation of the G5 with 1985.65, the very day Greece asked for help from the IMF in 2010, to the day of 911. What we better keep one eye open for here at night is this birth of a cashless society coming in much faster than expected. Why the secret meeting? Something does not smell right here.
Merkel Spying on France & EU Commission?
Angela Merkel has so far beaten every scandal which has emerged from the Euro to the NSA. She has been the real pillar in the Euro and it now seems she may have one scandal too many. Merkel has been the most popular German head of state perhaps postwar. What is starting to be asked, is she for real?
She let her subordinates Roland Profalla explain that the US intelligence community is always stopped at the German laws.That seemed to end that scandal. Yet little by little the truth is leaking out flowing under the curtain this time with a stench that is starting make some wake up.
First there was the cell phone issue where her cell phone was tapped by the NSA. Then it came out that she knew all along and never really used the cell phone for state affairs. Now what is surfacing is that her government has been engaging with the NSA and has been spying on France and the EU Commission. If Merkel goes down, there goes Europe.
Cashless Transactions Exceed Cash Transactions in Britain
BBC is now reporting that cashless transactions have exceeded cash transactions in the British economy. We are now watching how the media is conditioning society to get ready to give up all cash – the final straw to Economic Dictatorship.
If you now pay attention to the press stories, you will see how they are being used to shape the opinion of society to abandon cash. They are all cheering it and telling you this is the answer to solve everything if not the cure for cancer. This is how behind the curtain really manipulates everyone and often the journalists have no clue they are even being used to undermine our freedom.
Fed v Treasury/Congress
COMMENT: The issue for me on the national level is debt-based money. And that’s what the Federal Reserve is basically doing, issuing debt based money or currency. I don’t see how we can have an honest monetary system if the currency itself always creates more debt for the American people. The politicians will always choose more debt as it enhances their power.
REPLY: The Treasury issues debt, not the Fed. The Fed in quantitative easing did buy in debt and issued money, but they are not the issuer of debt – that would be the politicians’ and the Treasury’s side of the fiscal balance sheet. These days everyone blames the Fed, yet no one attributes the crisis to the political process.
Why Many Economists Refuse to Believe That the Future Can Be Forecasted
When I was in school, it became obvious that there were real sciences, and then there were “social sciences” based on opinions. In physics class, you learned that there were laws and that “God did not play dice with the universe”, as Einstein similarly put it. When you went to economics class, they said not to forecast the future, for everything was a random walk, therefore we could create utopia only through economists managing the economy.
As soon as an economist proclaims that they do not believe in the ability to forecast consistently, they reveal which side of the fence they reside. To them, they will be out of a job if they cannot create utopia by manipulating society into a perfect economy of perpetual growth. Forget the fact they have never managed to do this even once.
There is no convincing them the economist who lacks any actual experience in the markets. They can say our forecasting model sounds dubious because they do not even want to investigate the regularity of the business cycle, for that would put them out of business if they cannot manipulate something. It does not matter how many observers have come out stating that there is an 18-year real estate cycle as they did at the Fed, or as Paul Volcker did in his “Rediscovery of the Business Cycle”. They willingly cling to their views and proclaim that it is all made-up, as they did to Homer until someone went out and actually followed what Homer wrote, leading to the discovery of Troy and Mycenae just to mention a few.
So no, I really have nothing to say to such people. All I will say is to stop criticizing from personal opinion, go and PROVE with valid research that there is no business cycle and you can create perpetual utopia. They have all been trying to defeat the business cycle they claim does not exist following Karl Marx, and that has resulted in the deaths of millions of people. Like Piketty, all they ever advocate is destroying freedom and controlling the people to create what they think is the type of world they would want to rule. PS: Just look at the Global Market Watch – that is the computer predicting patterns and explain how it can be right even just 50% of the time if it is all random nonsense free to be manipulated by economists and politicians who do not respect human individuality.