by Martin Armstrong, Armstrong Economics:
I reported previously that a dealer I knew suddenly had his credit line closed. I have warned that besides banks preparing for the coming CBCDs closing local branches in the USA as well as in Britain, I seriously question if they will allow people to buy precious metals and use cryptocurrencies post-CBDC. This is about control, and they want to shut down what they view as the underground economy, which they estimate is 20%-35%, and this is about increasing their taxation to automatic theft. This is the net result of Direct Taxation, which the Founding Fathers warned would happen, so they prohibited any form of Direct Taxation in the Constitution. The Socialists seized power and pushed for the income tax in 1913, and that has been a slow grinding process that led to eventually owning nothing and being very miserable – not happy.
by Mike Adams, Natural News:
The bank runs have only just begun. By the end of this year, the cascading collapse of the US banking system will become even more frantic, and the false promises of claiming “everything’s fine” will be overrun by the fearful shouts of the newly panicked masses who foolishly believed government lies yet again.
(Yes, the people oblivious enough to leave their fiat dollars in the banking system are largely the very same people who kept taking covid “vaccine” depopulation booster shots.)
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects.
Rick Mills’ attempt to explain how a gold revaluation account (GRA) works is a lengthy and convoluted affair, mostly because the subject matter is as well. I‘ll take a minute to summarize the concept because it’s relevant not only to central bank gold reserves, but also to the ongoing banking crisis.
by Greg Hunter, USA Watchdog:
Precious metals expert and financial writer Bill Holter says there is a long list of financial trouble coming to America sooner than later. There is the commercial real estate implosion, rising interest rates, an exploding federal budget, banana republic political problems, but the at the top of the list is the monster unpayable debt problem and the soon-to-be failing U.S. dollar. Holter says, “You can’t have a third of the federal taxes paid out in interest, and that number is only going to grow over time. . . . If the markets would not collapse ahead of time, which they certainly will, but if they did not, we would get to the point where the interest would eat up all the tax receipts. That is a mathematical impossibility. We’re broke. On the other side of it, we have two rules of law. We have one rule of law if you are a liar from the left and another rule of law if you are a conservative and you don’t support the bull crap rules they are putting out there. . . . This is an illustration that this country has already become a banana republic. The problem with that is the dollar issued by this country is the world’s reserve currency. It’s a huge problem.”
