The New Age of Economic Totalitarianism & the London Meeting to End Currency

http://armstrongeconomics.com ^ | May 3, 2015 | Martin Armstrong

[dontreadthis]

I have been warning that the governments of the West are in severe trouble. We face the worst economic crisis, perhaps in modern history, with the distinct risk of moving into a state of Economic Totalitarianism. The governments are well aware of the Economic Confidence Model (ECM). Many people have questioned, “Why have they not killed you?” since it appears that most of the others central to events covered in the movie “The Forecaster” are dead. I believe the answer is rather simple, for even when I was released and appeared on Capitol Hill, I was introduced as the guy with the model they are trying to suppress.

Government is not a single entity. The forces I stood up against were restricted to the corruption in New York City. The New Yorker Magazine was able to get in to interview me, only by going to Washington. When I was thrown in the hole, it was a letter from Congress asking who ordered that treatment which resulted in my instant release. And as for my release from contempt, that only took place when the Supreme Court ordered the government to respond to my petition, for then the Solicitor General is the only one who can argue before the Supreme Court, not the corrupt prosecutors from New York City. So it is never just a single entity we call government. There are always internal forces that fight over the crumbs of power like pigeons on the ground under the tables at a sidewalk cafe.

[dontreadthis]

a long but fascinating read

[MHGinTN]

See also episode #234 of Caravan To Midnight on Youtube. Patrick Woods has exposed the technocratic agenda being installed right under our noses, world-wide. It is the wet dream of Brzezinski and the Rockefellers and their fellow financial oligarchs.

[Fungi]

Per your screen name, not reading it.

[RushIsMyTeddyBear]

Certainly seems so be shifting that way.

[ClearCase_guy]

I'd like to see the US government basically Go Galt. We have plenty of food. We seem close to energy independence. Why not minimize global trade and global currency markets? Default on the debt -- you know it's coming eventually: we cannot pay our debts; no one can. So just quit the game.

We need a massive reset, and I think a lot of people feel that way -- but they want to "reset" by taxing more and spending more (QE+). That's not a reset. That's the insanity of doing the same ol' thing and hoping for a brand new outcome.

I think economic isolationism wouldn't be a bad thing. For, like, 50 years.

[grumpygresh]

“This idea of eliminating cash first floated as the normal trial balloon to see how the people would take it.”

We all know that the drug trade, prostitution (world’s second oldest profession), OTB gambling, extortion, bribery, arms sakes will continue when cash is gone. There’s just too much demand. Others will also seek anonymity for legal gun sales, ammo, private psych consults, long term food purchases, prep supplies.

If cash is going going, gone, you have to think that a lot of cash will come out from under the mattress and go into PMs, especially silver, for these type of transactions. Barter won’t do, nor credit or debit cards, nor bitcoin.

[SkyPilot]

Antichrist system almost in place. Also, not sure of the wisdom of hoarding cash if the world’s governments and central banks can declare all cash held as obsolete virtually overnight.

[SkyPilot]

We are going to get that “ massive reset”, but it won’t be liberating. It will be total enslavement.

[ClearCase_guy]

Definitely a concern. My thought is that if we "let it happen" it will be enslavement for sure. But if we force it to happen and try to steer it, we might salvage a little something.

In Asimov's Foundation Series, there is the mathematical certainty that the Galactic Empire will utterly collapse. The psychohistorian Hari Seldon puts a few things in place to mitigate the fall and successfully ensures that civilization will return after a very short period of something like 5000 years of chaos and anarchy. Without Seldon, the outcome would have been much worse.

I don't picture anything pretty. But we need more intentional, goal-oriented collapsing and less whistling past the graveyard.

[MrEdd]

Economic totalitarianism requires citizen disarmament as a prerequisite.

[Noumenon]

Yes it does, and that’s where is gets interesting here in the good old USA.

[SVTCobra03]

In addition to silver, I would recommend lead, copper and brass.

[Axenolith]

The government has quietly put out PM currency equal in ratio (greater in volume) to that which it had circulating before 1933...

AND, we’ve got Ron Paul to thank for that, no matter what you think of him otherwise. He was instrumental in getting the act passed in the 80’s and wording it so the government was required to mint it in whatever amount demanded by the citizenry.

[Gargantua]

Allowing 'them' to "end currency" would be the second-worst idea after surrenderng all our guns. Currency is as vital and intrinsic to a free state (and a free people!) as are our arms and our votes.

Currency will always be legal tender in America. Mark my words. Either the creeping encroachmment of incrementally stripping away our choices and freedoms has to end, or we do. The fight over currency (and it is coming) will be monumental, and we will prevail as a matter of pure survival necessity.

Or we won't. See what I mean? The alternative isn't an option.

[Myrddin]

The bankers want cash eliminated because it allows you to remove your deposits from the bank. The bank wants to charge you "negative interest" aka stealing your money. They can only do that if your money is deposited. If you're holding cash, you're not exposed to their theft scheme.

The government steals your money by "printing" more. That devalues the buying power of the currency you hold. Converting "currency" to "money" aka gold/silver or similar physical store of value is a means of shielding your wealth from currency devaluation.

If you have clear future needs for goods and disposable currency, you are ahead to get the goods before inflation puts them out of reach.

[grania]

It isn't just the banks accumulating safekeeping fees for credits that wouldn't be convertible to money. It would be the end of privacy. I have nothing to hide, but I like the anonymity of making cash purchases without using an affinity card.

Impossible? A cruise ship is a cashless society, the exception being any tips to crew. It's convenient, but it's a little eerie that even the smallest purchase is recorded.

[SkyPilot]

Converting "currency" to "money" aka gold/silver or similar physical store of value is a means of shielding your wealth from currency devaluation.

That's why I fully expect another "Executive Order" (just as FDR did in 1933) declaring the ownership, transfer, or sale of gold.

Stroke of the pen, and Congress will do nothing.

You will either "sell" your physical gold back to the Fed at their market price, or go to prison and/or have all of your assets seized.

As the article says, the government and banks are not stupid. They realize gold and silver is power, and they don't even want you to have their worthless cash, much less precious metals. It "ruins" their tyranny.

Remember, in a "Crisis" they can get away with almost anything (or at least try). This autumn, I believe we are headed for a full, global, economic collapse.

If you have gold in safe deposit boxes, the banks will hand it over. If you have it in your house, they will give you xx days to turn it over, or face the music.

[Myrddin]

I agree with the assessment that September is global crash time. Ferguson and Baltimore were lessons. The government is incapable of handling even small outbreaks of rioting. When it goes to all major cities at the same time, the cops will disappear to protect their own families. Banks will be closed. Cash will be worthless. Ferals will roam the streets. Just in time for Winter. Government will be incapable of paying employees (civilian or military).

[SkyPilot]

the cops will disappear to protect their own families

The good cops perhaps, but in this coming nightmare situation, I believe there will be plenty of Obama's "Civilian Police Force" thugs imposing tyranny on Obama's political enemies (Christians, gun owners, veterans, and those who still believe in the United States Constitution).

The global antichrist system is almost in place (economic, religious, political). It just needs a nudge, and the world will descend into utter darkness.

[Gargantua]

All good points. Thank you!