What About the Amero?
The conspiracy camp all but concluded that the Amero would be issued by 2010 being the product of a North American Monetary Union that was argued by some as part of NAFTA. It made for a great predictions and in Canada they were calling it just USA and Canada. The idea really never gain fundamental support politically and it fell apart after 2007. Today, with the demise of the Euro so obvious, there seems to be no real interest in attempting this idea which was born out of competition with Europe. Gee if they have one – we must need one.
Our greatest real conspiracy is the jockeying of the IMF to have SDRs replace the dollar as the international reserve currency. This is in part to secure their political role in competition with China. They fear China will set up competition to the IMF and they will fade into the sunset. So exactly as Brussels needs the Euro to keep their jobs, the IMF looks at securing their future with the SDR (unit of account Special Drawing Right).
The Euro has proven that you cannot create a currency and force it down the throats of the people. You cannot force the economy to do anything that is against the free markets. You can suppress the free markets as did Communism, but in the end, the Invisible Hand will always win. This is in part our Capital Flow Analysis which we developed and studied how it even was at work in Ancient Rome.
The Euro killed the Amero. It is the IMF we need to be concerned about
Greece & Its Banks
(Source: Photo from CBC News)
Any hope that Greece will now negotiate with its creditors should help to hold the euro for now. But keep in mind that Brussels has still not changed its mind or its philosophy. It is going to take more than just Grexit. Eventually, Greece will have to leave. There will be no choice and its government is acting like a total fool to negotiate with someone who looks down upon them and sees them as irrelevant.
The Greek banks must open and Greece by decree should transform all deposits into drachma that can exist purely electronically swapped at 2:1. This will allow the people to be paid and function. All external debt should be suspended. What euro notes remain in the banks should be transferred to the Treasury. You should follow the same plan as Roosevelt in the confiscation of gold in 1933 and the devaluation of the dollar.
Cut all ties to ANY negotiations with Brussels for more bailouts. Greece must stand on its own or go down with the euro. Brussels is not about to reform in any way to stabilize Europe. They are only interested in preserving their one government for all posture. The euro is NOT irreversible. The danger with such arrogance warns that this is drifting, as Margaret Thatcher warned from an economic union to a political union. The people did not vote in Greece to be subservient to Brussels and the youth really hates the Troika.
Greece has imposed new capital control laws. Technically, Greek lawmakers passed the capital control laws to stop people from evacuating all their money to overseas bank accounts and draining cash from the banking system. However, the laws also prevent everyday consumers from making even the smallest credit payments to foreign companies, including Apple, PayPal, and other staples of online life. This is why Greece must create a new currency and cut all ties to the euro immediately.
The Lesson for the World Coming from Greece
All mainstream news is painting the Greeks as the bad guys and the Troika as the savior of Europe. Quite frankly, it is really disgusting. Pictures of an elderly Greek pensioner have gone viral depicting what the Troika is deliberately doing to the Greek people trying to punish them for their own failed design of the Euro in a system that is just economically unsustainable.
The heartbreaking photographs of a 77-year-old retiree Giorgos Chatzifotiadis pensioner showing he has just collapsed on the ground openly in tears driven to despair outside a Greek bank with his savings book and identity card strewn next to him on the ground illustrates the horror the Troika is deliberately trying to inflict upon the Greek population.
This image illustrates the core of the issue of how ordinary Greeks are being tormented by EU politicians who pretend to care about people. This is not a Greek debt crisis, this is a Euro Crisis and they refuse to admit that what they designed was solely for the takeover of Europe at the cost of the future of everyone from pensioners to the youth.
Mr Chatzifotiadis had queued up at three banks in Greece’s second city of Thessaloniki on Friday in the hope of withdrawing a pension on behalf of his wife. When he went to a fourth bank and was told he could not withdraw his 120 euros ($180), the ordeal simply became too much as he fell down in tears in total desperation. His comments were simply that he “cannot stand to see my country in this distress”. “That’s why I feel so beaten, more than for my own personal problems,” he said.
This is just the tip of the iceberg. We are facing terrible times ahead because socialism is completely collapsing. Government employees have lined their pockets and this is precisely the end game how Rome collapsed. It was not the barbarians at the gate. It was the the Roman army was not paid and they began hailing their various generals as emperor and the attacked cities who did not support their choice sacking their own people. Only after weakening themselves, then the barbarians came in for easy pickings. If Russia really wants to take Europe, all they have to do is be patient. They will self-destruct for the Troika cannot see any change in thinking for that means they must admit that they were wrong from the outset.
Keep in mind, do not have all your money in one place. Keep a stock of cash outside the bank. Cash is recognizable for daily transactions for now.
Chicago Looks at 30% Property Tax Increase to Pay Gov’t Pensions
COMMENT:
Couldn’t help myself – I must share this personal story with your team and the blog readers.
After reading Martin for just about a year, I began educating my family to what lies ahead. With that our oldest daughter had been living in Chicago until 2 weekends ago. She decided some time back to search for a new employer and I had suggested she first sell her condo during the prime selling season and before 2015.75 hit.
Within a few days she received a cash offer and closed on her place June 30. On her way home today she sent me this video link of Ron Emanuel considering a 30% property tax hike to help pay the huge pension deficit which, by the way Martin highlighted a few weeks back.
Thanks for all you do and are doing. I am living proof your guidance is making a difference. You can view the link here about the tax hikes;
Regards,
V
REPLY: This is why it appears that real estate should peak out with this turn 2015.75. What we are looking at is some areas will be hit really hard. Illinois will be a disaster for their Constitution states government pensions cannot be reduced. This means they will raise taxes dramatically, destroy their economy, then enter bankruptcy. The next four years will be devastating with tax increases in many areas.
Discovery vs. Theory
QUESTION:
Hi Martin,
Since one year now I follow your blog and I see most things unfolding exactly as you describe. Although I do not agree with all points (climate change) I understand that personal opinion is not what will save us. Your computer and your comments give people insight in the mechanisms of how things go and this is not really what mainstream media tell us.
You’re focusing on the ECM turning point of October 2015 as the most important date for our future. Now for me it is astonishing because last May my company gave me the message that they will end my contract… on September 30.
After 25 years of service and at the age of 60 they throw me out for ‘reducing the headcount’. Do they know or feel this date in their veins? Is there a force putting pressure on people so they ‘don’t know why’ but push them to take such measurements ? Because at previous meetings management ensured us all budgets were honoured and no people would have to fear for their job.
Personally the company … a listed company on the Dow, will pay me out [with] … 2 years of salary. They will hand me over … , exactly on October 1st !
Thank you for sharing your knowledge with the common people who are willing to open their mind.
All the best,
MG
ANSWER: I have stated many times that this is not my THEORY, it is has been my DISCOVERY. I am fascinated by this model and studying how the world functions. Leonardo da Vinci dug up corpses in an attempt to figure out how the body functioned. I have not had to resort to robbing graves, but I have had to dig up history to comprehend the fascinating regularity of the past. History is a series of patterns that repeat, but we get caught up trying to analyze the personality of someone like Hitler, rather than observing the conditions that enabled such a person to rise to power. For it really does not matter if it were Adolf Hitler or someone else, yet some think that Europe could have been saved had Hitler been killed in his youth. That reasoning is wrong for if it were not Hitler, it would have been someone else. You set the tone by the conditions and humanity responds exactly the same way.
This date October 1 is coming up in so many ways. I am not sure why or how everything concentrates into a single turning point from a global perspective, and from so many different corners. This is why this is my DISCOVERY rather than a theory. The latter one proclaims this is how it should work, and the former is bumping into something and studying it how it functions. What I hope to leave behind for humankind is at least illustrating that there is another direction for research. The traditional mainstream ideas of manipulating the economy are collapsing before our eyes. Just once, it would be nice to take one step forward in our social evolution than always moving one step backwards to repeat the same mistakes over and over and over and over again.
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