January 16, 2024 | World Economic Forum is Greatest Threat to Humanity

A former board member of the WEF, then the head of the IMF, and now the head of the European Central Bank, admits there will be controls on CBDCs. I reported back in 2021 that the Bank of England proposed that digital currency should be programmable. A mother should be able to block her child from spending money on candy. If mom can do that, then Big Brother can do it on a grand scale.

Anyone who has read Marx can feel the hatred between the lines of anyone who had more than he did. He never understands humanity, and once you remove the human quality of curiosity, all advancement ceases to exist. This is what brought down communism. It was perhaps best illustrated by Nixon’s famous Kitchen Debate with Khruschev, showing how American living standards advance only because of private innovation.

I was one of the top three market makers in gold going into 1980. The IRS walked into my operations and arbitrarily declared me to be a bank. They said because the constitution had said that gold was money, I was a bank, and the fine would be $50,000 per transaction of $10,000 or more. I asked if they just wanted the keys to my business. They said no; they realized I did not know I was a bank. They came in and began auditing every transaction. I saw them pulling out names of even $3,000. When I asked, I thought this was $10,000 and up; they said if I did not want any trouble, “keep your mouth shut!” The next day, they came in with trucks and took all my records. I sent in money for my taxes in 1980, guessing what I probably made because I had no records. When I said I could not file my income tax, I was told they were auditing over 3,000 of my clients, and that took precedence. When I finally got my records back, they fined me $500,000 as a late filing fee. When I objected, they said I never asked if my account could come to their office.

I retired from the business. I did not want to be harassed every year, and the risks were far too high once they declared me to be a bank totally arbitrarily. That would NEVER have occurred under the Constitution, which prohibited direct taxation. They keep expanding their demand and power. I received a refund check from the IRS for about $100,000 one year. I deposited it. A year later, they charged me interest and penalties because I should have known it was their mistake. They are NEVER accountable for their mistakes. If you call the IRS and they tell you whatever and you follow it, if it was a mistake, that is still your fault, and you will be charged interest and penalties.

The income tax will destroy Western Society just as direct control killed Communism. This is what 2032 is all about. A friend who grew up in East Germany thought his father was going mad after the Berlin Wall fell in 1989. His father got his Stasi File and learned everyone he thought was his friend was rating him to the government. He came home and started punching holes in the wall and pulling out hidden microphones. Until he died from there on, he refused to speak to anyone other than his immediate family.

There is a light at the end of the tunnel that inspires hope. Yes, the next eight years will be chaotic – sorry about that. But ALL GOVERNMENTS FALL often by their own corruption – suicide. The more draconian they become in this desperate question to retain power, the higher the probability this will all come crashing down.

What is taking place in Europe is the direct result of Marxism since it also embraces total control of society in every aspect with regulations. When these morons imposed sanctions against Russia, they never realized that they would be not just cutting off their own economic growth. Still, they would permanently divide the world economy between US vs THEM.

Not only did the sanction backfire on especially Germany, but then they embraced Ukraine, the most corrupt government on the face of the Earth, and then stood by while the Neocons instructed the Ukraiunians to blow up Nord Strem. Oh, how they were going to bring Russia to its knees. The problem was it brought Germany and Europe to their knees. The German government headed into recession and lost almost 20 billion in euro revenues, and then they listened to the WEF and pushed at full speed into Climate Change. German Chancellor Olaf Scholz called the farmers extremists, unleashing wider discontent. Again, because of the sanction on Russia, the government was moving to end the fuel subsidies for farmers all because Germany has supported Ukraine.

Those in government are career politicians, so they will always see the world through their own self-interest. As long as there are career politicians, we will never have a government of the people by the people. The farmers have no right to protest as far as those in power see it behind closed doors. They should just shut up and obey whatever they command.

These absolute morons have turned against agriculture, and the farmers have brought Germany to a standstill as in the Netherlands. This will only become a major issue as the stupidity of those in power is hurling Western Society to the brink of its own doom, just as Communism fell because of its own inability to function rationally or efficiently.

Martin Armstrong January 16th, 2024

Posted In: Armstrong Economics

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