COMMENT: Expensive Marty
One thing unusual is occurring with the European banks. For a while banks reminiscent of ING or CITCO have been closing down our firm’s financial institution accounts claiming they can not do enterprise if the UBO owns greater than 25% of the corporate. Now we’re discovering it close to unattainable to open new accounts with different banks. The excuse is that their time is absolutely taken up with scrutiny from their nation’s Central Financial institution. Nonetheless, it’s simpler to open an account with the brand new Fintech ‘banks’ This looks like a coordinated transfer. Presumably, everybody ought to get out of financial institution shares. How for much longer can they final?
Unusual instances however nonetheless nobody can see what’s happening and within the UK they absolutely imagine we are going to return to regular quickly! They’ll be stunned once we lockdown once more within the Autumn. The UK govt has signed a contract with an promoting agent for £320m for covid promoting going into March 2022!
REPLY: For these unfamiliar with a UBO, that’s outlined because the “Final Useful Proprietor” who’s a person that advantages from or is impacted positively from an organization though they don’t seem to be formally named because the proprietor of a enterprise. Fintech is a hybrid for “monetary know-how.” It’s a catch-all time period for any know-how that’s used to reinforce, streamline, digitize or disrupt conventional monetary providers. That is a part of the push to get rid of paper cash. The IMF is behind Fintech as a result of they’re out to get rid of all paper foreign money and drive all transactions into the digital world.
The fifth version of “Manipulating the World Economic system” goes off to print. Will probably be out there on Amazon and Barnes & Noble in hardcover and e-book codecs. I’ve added almost 200 pages to elucidate the COVID manipulation. What’s paramount right here is that every one the previous financial theories we have been taught at school are merely incorrect. For instance, in 1971, the US nationwide debt was $398.1 billion, which was lower than 2% of the present US nationwide debt at present at $28.5 trillion. Subsequently, the nationwide debt had risen nearly 72 instances what it was when Bretton Woods collapsed. If gold have been to maintain tempo with the rise within the debt, it ought to be at $2,506 to interrupt even.
Not solely has gold did not hold tempo with the enlargement in debt, which is solely cash that pays curiosity, however your complete toolbox of financial theories has failed. Because of this these individuals are pushing to get rid of paper cash, for as an alternative of accepting any blame for his or her fiscal mismanagement and adopting Marxism to bribe the individuals for votes, they all the time blame the individuals. They’ve now adopted Trendy Financial Idea and assume they will print no matter they want, for it is not going to be inflationary. The explanation there was no inflation was that individuals hoarded money. To get rid of that drawback, they should cancel the foreign money.
Subsequent comes the Marxist Revolution Cycle, because of flip in 2020, and it has been proper on level. The 12 months 1848 was the Marxist Revolution by drive, and 1934 was FDR along with his New Deal. This time, they’ve used COVID to not solely crush the economic system for this Construct Again Higher “Inexperienced” agenda, however additionally it is about “equality,” which is as soon as extra the Marxist Revolution.
Right here we have now Dr. Fauci pushing this Marxist agenda when he has ZERO experience on this area. He’s merely a stooge purchased and paid for who will say no matter he’s instructed.
They’ve consulted their tarot playing cards, and the character of society was their query. This was the cardboard they pulled.
The submit Fintech Banking by Sheer Drive of Regulation first appeared on Armstrong Economics.