I would be very interested to know your thoughts on Crypto currencies. I believe that they are electronic Fiat, designed to absorb paper Fiat and act as a smokescreen to the general public.
The book Hijacking Bitcoin and the interview with the author by Catherine Austin Fitts are worth exploring. The interview is 2 hours long and would be a good precis before reading the book.
I believe you are correct. I think the evidence this is the case is the purposed US Sovereign Wealth Fund that will absorb currently held Bitcoin by will not buy or sell Bitcoin. That's a black hole for inflation. It will eventually ruin anyone trading Bitcoin but they can't say they weren't warned.
Great work, analysis and information always. A collapse is inevitable, but when, they can continue longer while lives and businesses are destroyed by their agenda such as the climate hoax etc.
And as you mentioned the CBDC/ Tokenization plan to control everyone. Hopefully they will not succeed but they control gov and media so like the covid hoax, they will use their full arsenal.
Hopefully people wake up, it does not succeed and we return to gold and silver and free markets, thriving small businesses and the end of the fiat ponzi and uses our pensions to fund or control, destruction of health foods for synthetic poison such as soy, bugs etc.
Let's see what unfolds, pity you are not mainstream.
Let's see what happens next, hopefully the gold and silver markets are set free and soon. But they control for years and will continue to try with their CBDC's. Pity they also control the media enabling their agendas.
Let's see want happens and when. You have great information and insights. Thank you.
"We are left to conclude that we are witnessing a deliberate policy of asset and debt bubble inflation and inevitable collapse which will be followed by an attempt to implement total control of Western society citizens using central bank digital currency, digital personal identifications, social credit scoring of citizens, etc. "
This has been the BIS' (those who control them) plan for more than half a century.
The majority of Canadians (or plebs in BIS member countries) haven't the foggiest clue that the Bank of Canada is essentially beholden to follow the secret policies of the BIS and even our members of parliament and senators are not allowed to know about the meeting minutes of the bi-monthly meetings the BoC Governor attends. (same in Australia, for instance: https://www.youtube.com/watch?v=Dik869HqZyE). The BoC Governor is an AGENT of the BIS who carries out their marching orders in Canada (e.g., "...a deliberate policy of asset and debt bubble inflation...")
The second observation i would like to make - which almost NOBODY ever properly researches or discusses is the following:
- Who exactly is our interest owed that we pay each year (last year's was $46.5 billion) paid to?
The best I could find was from the Taxpayers Federation figures from their Fall 2019 leaflet. In it, there's a pie chart showing WHO holds our debt. There's a slice labelled 'Foreign investors' with a 19% or $225 billion chunk of it. I have written to the leaflet's author + Franco Terrazanno of that outfit to ask them if they had info on who that was. As I never received their answer, I can only speculate that it is large foreign banks and financial companies (JP Morgan, Blackrock, et al) whom we need to pay interest to.
It would be interesting to have some competent financial forensic auditor tally how much of this interest we have paid to said 'foreign investors' over the decades. I suspect that it would easily be in the hundreds of billions. This is a funnelling mechanism to the rich elite class by which Canadian taxpayers are being looted.
I've been writing about this and the subjects of Digital IDs & CBDCs since I started my Substack in the Fall of 2022.
For those interested here are two articles I wrote focusing on the Bank of Canada and its BIS master:
- Is the Bank of Canada working for the interests of Canadians or for the private Bank for International Settlements (BIS)? Dec 02, 2024
Superb ......And now you've got that slime-bag Mark Carney as your Prime Minister .
Good Luck to you all - you're going to need it ..!! - Much as we are over here in
the UK having an equally fetid Swamp Creature as our ' P.M ' , namely Keir Starmer who like Carney and countless others I'd like to see dangling at the end of a rope .
Thank for another excellent article David. In my view what we might be missing is a mathematical/logical estimate when system might start disintegrating. What do I mean by that? Well example is a Minsky moment in credit. Collapse starts when borrowers are unable to cover interest rate on a loan. In the case of a fiat currency system we can potentially project a moment when disbalance between volume of goods/services and fiat currency trigger a rapid loss of purchasing power. This might include an estimate of interest rate payments on the US debt, in a combination with deficit projection.
Minsky's insight, if we can call it that, was that speculative excess eventually gets crazy.
We have a bubble inflated and now we are waiting for the proximal pop that triggers the collapse of the everything bubble. Chaos theory rules - it can be anything. Then chaos.
Frankly - I think that we are actually living through this process right now and effectively
have been since 2007 - 2008 , only that as the years have passed and the various bubbles have inflated to the current gargantuan levels ..the whole shebang has speeded up exponentially and we are literally now , have just about reached the point where the
out of control Express Train is literally mere moments from taking out the buffers at the and of the track . I can't see this going on until the end of this year - let alone another handful of years unbtil 2030 sort of time ....Something's got to give ( & pretty soon )
Agreed, isn't it "slowly at first and then very quickly" as they say? Perhaps the slowly part started in 2008? I mean i thought the whole thing was going over the edge by the end of the teens for sure...
All i know is when the payments systems shut down is when the loss of civility will ramp up.
" Slowly at first and then very quickly " - came courtesy of Ernest Hemmingway and aptly describes what we're al living through right now .
You say you didn't think we'd get past the late teens - I actually didn't think we'd stay upright much past 2014 - 2015 . Just goeas to show the extent of the can kicking and manipulation & crookedness that's been employed in spades to keep this entire shit show running up util now . It's surely got to nbow apart before the end of this year ....or will I be proved wrong again ...??
This is not only a piece of history. This depicts our very future. In the 30s collapse was due to sovereign failures, while tariffs - the Smoot-Hawley Act that came later - just accelerated what would be the Great Depression. Similarities to current times are eerie. We have unsustainable debt levels that eventually will lead to defaults, with Trump’s tariffs - that are coming well after sovereign debts are on the way of no return - being just an accelerator. Incredibly, I came to the same conclusions on my own just this morning before I read this piece: bank runs, like in the 30s, will justify the setting up of a new system based on CBDCs, for total control. And amidst total chaos anything can be pushed through. Poor us, and well done David! Though, you simply cannot go to the thieves’ den and complain about thefts going on. Even assuming we have perfect foresight, what can we do? I’ll read books about the ‘30s, about who eventually benefitted and under which conditions, but i doubt we can do something about what will be systemic. We can change what is within our reach, as well as what sits below. For what sits well above, Destiny decides. What are your thoughts, David?
PS Didier Sornette, the physicist who is the Leonardo da Vinci of non-linear mathematics of the current times (and has invented models to time the end of bubbles), foresees the mother of all bubbles leading to an abrupt reset of the whole system around 2030. Perfectly in line with what you observed, David. We will be the unwilling victims of all of this. We will live it ourselves, unfortunately
Private money (gold and silver) away from the devices of the central destroyers.
When you look at government fiat currency, it is laughable how poorly it performs and how vulnerable it is to the destructive acts of those with access to the controls.
Have you read " The Great Taking " by David Rogers Webb ( Free PDF download available ) .
or watched any of his interviews ( many on You Tube & Rumble ) ...?? .
If not - then suggest you do this soonest as it will emphasise what David has always said
about how the only real protection / insurance anyone's gotagainst Global Systemic Collapse is to movr as much as you can ,as soon as you can into Physical Precious Metals ( Gold & Si,lver ) , and directly into your own hands .
The late great Jim Sinclair ( Mr Gold ) .....' GOTS ' - Get Out Of The System ) .
The new ' Mr Gold ' ( Bill Holter ) ......" If you don't hold it you don't own it "
That's a side of you that I haven't seen before. Rather brilliant if I may say. Reading between the "line" of his response to your letter can probably be summed up in a few words. The first being "thanks" and the last being "yourself"
Your letter must've taken you an age to write, his response took 2 seconds. What did you think when you read it?
Well Said Mitch - but I rather think that David was possibly half expecting the short and entirely vacuous Fob Off that ' Dodge ' clearly spent days thinking over before he replied .
A Pox on the house of ' Dodge ' / ' Carney ' and the resdt of the worthless bastards .
David - Everything you've stated in this Report and your letters is absoloutley 100% the truth and right over the target - That is of course to anyone with an ounce of intergrity and a capacity for
' Critical Thinking ' . The likes of David Dodge , Mark Carney and the rest of the cabal that makes up the movers and shakers of the Central Banks / Wall Street and the City Of London + the WEF ,
WHO , IMF .World Bank are thereby automatically disqualified for the simple reason as you've so clearly stated - that these are the people who have long-planned and driven this entire shit show
to subjugate , Rob and ultimately de-populate this planet for their own evil ends .
You'll doubtless not be in the slightest bit surprised when all of these Financial Talking Head's
and outright Shitbags take the line from ' The Ben Shalom Bernanke Play Book ' when everything falls apart ( as it will ) .per ......" Nobody could ever have seen any of this coming " ( Ben Bernanke circa 2008 ) .
Amazing piece of history. You really deserve more recognition David.
The issue is timing in today’s regard. If they continue these policies you miss 20%+ growth in the market and you degrade your power via inflation.
We have a lot of households as clients, we have to continue the asset bubble I’m afraid (for now?). At least we can diversify a little bit - your case for gold was (is?) correct.
I would be very interested to know your thoughts on Crypto currencies. I believe that they are electronic Fiat, designed to absorb paper Fiat and act as a smokescreen to the general public.
John Paulson said it best "A limited supply of nothing." Another device from hucksters.
Spot On ..!!
The book Hijacking Bitcoin and the interview with the author by Catherine Austin Fitts are worth exploring. The interview is 2 hours long and would be a good precis before reading the book.
IMO nobody hijacked BTC.
It was always meant to be a false investment / currency.
CIA / ' Deep State ' construct for sure
I believe you are correct. I think the evidence this is the case is the purposed US Sovereign Wealth Fund that will absorb currently held Bitcoin by will not buy or sell Bitcoin. That's a black hole for inflation. It will eventually ruin anyone trading Bitcoin but they can't say they weren't warned.
Avoid like the plague ( especially at this state in the game ) .
Volatility off the scale - so no basis is a terue source of wealth . Ebtirely a speculation
that seems to move in lockstep wirth the Nasdaq .
Classic , " Pump & Dump " .....Wash - Rise - Repeat ...etc...etc...etc
Great work, analysis and information always. A collapse is inevitable, but when, they can continue longer while lives and businesses are destroyed by their agenda such as the climate hoax etc.
And as you mentioned the CBDC/ Tokenization plan to control everyone. Hopefully they will not succeed but they control gov and media so like the covid hoax, they will use their full arsenal.
Hopefully people wake up, it does not succeed and we return to gold and silver and free markets, thriving small businesses and the end of the fiat ponzi and uses our pensions to fund or control, destruction of health foods for synthetic poison such as soy, bugs etc.
Let's see what unfolds, pity you are not mainstream.
Let's see what happens next, hopefully the gold and silver markets are set free and soon. But they control for years and will continue to try with their CBDC's. Pity they also control the media enabling their agendas.
Let's see want happens and when. You have great information and insights. Thank you.
Thank you JF.
Superb and succinct over-view .
Agree with everything you've said here - just worry that we may never
be free of the Jackboot of the elite's beinfg rammed hard down on our throats
as they continue to pick our pockets for everything we'v e got ( ......Or Had ..!! )
The fight is just starting.
"We are left to conclude that we are witnessing a deliberate policy of asset and debt bubble inflation and inevitable collapse which will be followed by an attempt to implement total control of Western society citizens using central bank digital currency, digital personal identifications, social credit scoring of citizens, etc. "
This has been the BIS' (those who control them) plan for more than half a century.
The majority of Canadians (or plebs in BIS member countries) haven't the foggiest clue that the Bank of Canada is essentially beholden to follow the secret policies of the BIS and even our members of parliament and senators are not allowed to know about the meeting minutes of the bi-monthly meetings the BoC Governor attends. (same in Australia, for instance: https://www.youtube.com/watch?v=Dik869HqZyE). The BoC Governor is an AGENT of the BIS who carries out their marching orders in Canada (e.g., "...a deliberate policy of asset and debt bubble inflation...")
The second observation i would like to make - which almost NOBODY ever properly researches or discusses is the following:
- Who exactly is our interest owed that we pay each year (last year's was $46.5 billion) paid to?
Only the Fraser Institute (see https://www.fraserinstitute.org/sites/default/files/federal-and-provincial-debt-interest-costs-for-canadians-2024.pdf) and the Canadian Taxpayers Federation (see https://www.taxpayer.com/media/YAFI-who_do_we_owe_the_debt_to.pdf) has scratched the surface of this rabbit hole.
The best I could find was from the Taxpayers Federation figures from their Fall 2019 leaflet. In it, there's a pie chart showing WHO holds our debt. There's a slice labelled 'Foreign investors' with a 19% or $225 billion chunk of it. I have written to the leaflet's author + Franco Terrazanno of that outfit to ask them if they had info on who that was. As I never received their answer, I can only speculate that it is large foreign banks and financial companies (JP Morgan, Blackrock, et al) whom we need to pay interest to.
It would be interesting to have some competent financial forensic auditor tally how much of this interest we have paid to said 'foreign investors' over the decades. I suspect that it would easily be in the hundreds of billions. This is a funnelling mechanism to the rich elite class by which Canadian taxpayers are being looted.
I've been writing about this and the subjects of Digital IDs & CBDCs since I started my Substack in the Fall of 2022.
For those interested here are two articles I wrote focusing on the Bank of Canada and its BIS master:
- Is the Bank of Canada working for the interests of Canadians or for the private Bank for International Settlements (BIS)? Dec 02, 2024
https://fournier.substack.com/p/is-the-bank-of-canada-working-for
- How the [Public] Bank of Canada was taken over by the [Private] Bank for International Settlements (BIS) Mar 14, 2024
https://fournier.substack.com/p/how-the-public-bank-of-canada-was
Until at least 5-10% of Canadians wake up and become aware of this criminality, nothing will change.
Superb ......And now you've got that slime-bag Mark Carney as your Prime Minister .
Good Luck to you all - you're going to need it ..!! - Much as we are over here in
the UK having an equally fetid Swamp Creature as our ' P.M ' , namely Keir Starmer who like Carney and countless others I'd like to see dangling at the end of a rope .
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." - Lenin
Hmm, aint that something...?
Great Read David, stay after them…#WRWY
Thanks DLD!
Thank for another excellent article David. In my view what we might be missing is a mathematical/logical estimate when system might start disintegrating. What do I mean by that? Well example is a Minsky moment in credit. Collapse starts when borrowers are unable to cover interest rate on a loan. In the case of a fiat currency system we can potentially project a moment when disbalance between volume of goods/services and fiat currency trigger a rapid loss of purchasing power. This might include an estimate of interest rate payments on the US debt, in a combination with deficit projection.
Minsky's insight, if we can call it that, was that speculative excess eventually gets crazy.
We have a bubble inflated and now we are waiting for the proximal pop that triggers the collapse of the everything bubble. Chaos theory rules - it can be anything. Then chaos.
Frankly - I think that we are actually living through this process right now and effectively
have been since 2007 - 2008 , only that as the years have passed and the various bubbles have inflated to the current gargantuan levels ..the whole shebang has speeded up exponentially and we are literally now , have just about reached the point where the
out of control Express Train is literally mere moments from taking out the buffers at the and of the track . I can't see this going on until the end of this year - let alone another handful of years unbtil 2030 sort of time ....Something's got to give ( & pretty soon )
Agreed, isn't it "slowly at first and then very quickly" as they say? Perhaps the slowly part started in 2008? I mean i thought the whole thing was going over the edge by the end of the teens for sure...
All i know is when the payments systems shut down is when the loss of civility will ramp up.
" Slowly at first and then very quickly " - came courtesy of Ernest Hemmingway and aptly describes what we're al living through right now .
You say you didn't think we'd get past the late teens - I actually didn't think we'd stay upright much past 2014 - 2015 . Just goeas to show the extent of the can kicking and manipulation & crookedness that's been employed in spades to keep this entire shit show running up util now . It's surely got to nbow apart before the end of this year ....or will I be proved wrong again ...??
Excellent article David! Thank you!
Impressive!
Brilliant.
Very kind - thank you.
Credit where Credit's due - You've absoloutley nailed it here .
David good day, thank you for your excellent work!
Cheers KDM.
This is not only a piece of history. This depicts our very future. In the 30s collapse was due to sovereign failures, while tariffs - the Smoot-Hawley Act that came later - just accelerated what would be the Great Depression. Similarities to current times are eerie. We have unsustainable debt levels that eventually will lead to defaults, with Trump’s tariffs - that are coming well after sovereign debts are on the way of no return - being just an accelerator. Incredibly, I came to the same conclusions on my own just this morning before I read this piece: bank runs, like in the 30s, will justify the setting up of a new system based on CBDCs, for total control. And amidst total chaos anything can be pushed through. Poor us, and well done David! Though, you simply cannot go to the thieves’ den and complain about thefts going on. Even assuming we have perfect foresight, what can we do? I’ll read books about the ‘30s, about who eventually benefitted and under which conditions, but i doubt we can do something about what will be systemic. We can change what is within our reach, as well as what sits below. For what sits well above, Destiny decides. What are your thoughts, David?
PS Didier Sornette, the physicist who is the Leonardo da Vinci of non-linear mathematics of the current times (and has invented models to time the end of bubbles), foresees the mother of all bubbles leading to an abrupt reset of the whole system around 2030. Perfectly in line with what you observed, David. We will be the unwilling victims of all of this. We will live it ourselves, unfortunately
Private money (gold and silver) away from the devices of the central destroyers.
When you look at government fiat currency, it is laughable how poorly it performs and how vulnerable it is to the destructive acts of those with access to the controls.
Have you read " The Great Taking " by David Rogers Webb ( Free PDF download available ) .
or watched any of his interviews ( many on You Tube & Rumble ) ...?? .
If not - then suggest you do this soonest as it will emphasise what David has always said
about how the only real protection / insurance anyone's gotagainst Global Systemic Collapse is to movr as much as you can ,as soon as you can into Physical Precious Metals ( Gold & Si,lver ) , and directly into your own hands .
The late great Jim Sinclair ( Mr Gold ) .....' GOTS ' - Get Out Of The System ) .
The new ' Mr Gold ' ( Bill Holter ) ......" If you don't hold it you don't own it "
That's a side of you that I haven't seen before. Rather brilliant if I may say. Reading between the "line" of his response to your letter can probably be summed up in a few words. The first being "thanks" and the last being "yourself"
Your letter must've taken you an age to write, his response took 2 seconds. What did you think when you read it?
Retired January 31, 2008.
BoC was unwilling to account for its actions.
Neither was the Prime Ministers office.
Same Old ...Same Old .
Well Said Mitch - but I rather think that David was possibly half expecting the short and entirely vacuous Fob Off that ' Dodge ' clearly spent days thinking over before he replied .
A Pox on the house of ' Dodge ' / ' Carney ' and the resdt of the worthless bastards .
I enjoyed watching Carney being lit up by John Titus at the 21 minute mark: https://youtu.be/2gK3s5j7PgA?si=-AQ0XqAYrZ51xbCO&t=1261
Parse, parse and parse some more.
Agreed - John Titus at his superlative best ( hard to imagine this was 7 - 8 x years ago ) .
The fact that Carney has now climbed the greasy pole to the political heights as the new
and ( fixed vote ) Prime Minster of Canada makes this all ever more worrying .
David - Everything you've stated in this Report and your letters is absoloutley 100% the truth and right over the target - That is of course to anyone with an ounce of intergrity and a capacity for
' Critical Thinking ' . The likes of David Dodge , Mark Carney and the rest of the cabal that makes up the movers and shakers of the Central Banks / Wall Street and the City Of London + the WEF ,
WHO , IMF .World Bank are thereby automatically disqualified for the simple reason as you've so clearly stated - that these are the people who have long-planned and driven this entire shit show
to subjugate , Rob and ultimately de-populate this planet for their own evil ends .
You'll doubtless not be in the slightest bit surprised when all of these Financial Talking Head's
and outright Shitbags take the line from ' The Ben Shalom Bernanke Play Book ' when everything falls apart ( as it will ) .per ......" Nobody could ever have seen any of this coming " ( Ben Bernanke circa 2008 ) .
That is the old refrain - hackneyed though so not usable as many, many can see.
Amazing piece of history. You really deserve more recognition David.
The issue is timing in today’s regard. If they continue these policies you miss 20%+ growth in the market and you degrade your power via inflation.
We have a lot of households as clients, we have to continue the asset bubble I’m afraid (for now?). At least we can diversify a little bit - your case for gold was (is?) correct.
Misallocation of assets from loose monetary policy guarantees collapse.
Misallocation of assets and also resources!
Exactly So .
He deserves a lot more recognition which is exactly the reason that he gets virtually none.
During times of universal deceit, telling the truth becomes a revolutionary act.
Precisely ......" Twas it ever Thus " ( sadly )