www.armstrongeconomics.com
While the BitCoin people have hated me for not agreeing with them that a
private currency could displace the currencies of all nations and
BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO
understanding of what is going on behind the curtain. The IMF has come
out and stated that each nation should issue their own cryptocurrency
and these fools cheers claiming I am not with it and do not get this new
age of technology. Sorry, but these people are really clueless if not
perhaps undercover people with a mission to get people willing to
surrender their final liberty – paper money.
While cryptobugs advocate gold is dead and BitCoin will conquer the
financial world, they miss the point entirely. The IMF is by no means
embracing cryptocurrencies for the same reason these people have claimed
it will bypass central banks. The IMF is advocating the end of paper
money to kill the underground or black economy solely to aid the hunt
for taxes and to PREVENT bank runs. If there is no
paper money, how can you run to the bank in a panic demanding to
withdraw your money? They also argue eliminating paper money will end
crime.
Now, Michael Andrew, the man appointed by the Australian Federal government to lead the ‘Black Economy Taskforce’
at the end of 2016, is arguing for an interim-step. He believes
tracking the currency denomination is the best solution in stopping the
underground/black economy and grabbed taxes if you found a $50 or $100
bill on the street and failed to give the government their 50%.
Governments are going broke. They will not listen and instead, they
are obsessed with just a solution for the next quarter. They lack any
vision of the future and will NEVER tax responsibility
for their own mismanagement. Their single solution is to always raise
taxes rather than reform. The more they press toward this cashless
society the greater the economic implosion. What comes after the
elimination of cash and the budgets are never balanced with institution
starting to shift to private assets rather than government bonds that
pay nothing and present huge risks will be the default on social
programs without the corresponding reduction in taxes. This all leads to
the inevitable collapse of Western Society just as we witnessed the
collapse of Communism in 1989.
Our model is famous for forecasting the collapse of Communism and even the fall of the Berlin Wall (November 9, 1989; 1989.857). The likelihood of Western Socialism surviving as some benevolent government will come to an end by 2041.457. The 1989 Tiananmen Square protests that culminated on June 4th, 1989 (1989.424).
This means we should begin to see a sharp rise in civil unrest
cyclically speaking beginning October 28th, 2020 going into the US
Presidential elections.
The future appears very dark unless we can convince the world
governments that they face a hopeless path to secure its power. In this
hunt for taxes, they are destroying all liberty. They cannot reasonably
pretend to be governments of the people and by the people in a wonderful
land of democracy and opportunity when they need to track everything we
do and have. Paying a babysitter will be illegal with cash. Society
will not run to cryptocurrencies with open arms. We will be forced to
return to barter systems.
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