CBDCs Are Not Going To Work | Martin Armstrong | BIG PICTURE
By BIG PICTURE with James Patrick
In an interview shot for the making of a documentary CBDCs: The End of Money, Martin Armstrong discusses his perspective on where the United States is and his outlook on the ambitious CBDC plan being pushed worldwide.
Ultimately, he believes the push to install a CBDC system will lead to the breaking up of the United States and will push economic activity back to the level of barter if it nears success. Such subjugation runs against common sense, nature, and economic forces and will lead to collapse and a reset of government.
Here’s what others had to say:
@KingsleyFoska
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good was owning a loan of $47,000 to the bank for my son’s brain surgery (David), Now I’m no longer in debt after I invested $8,000 and got my payout of $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..
@PaulA-pw8si
Just to put it in perspective – If I owed you 1 Trillion dollars and I agreed to pay you 1 Million a day to settle the debt, it would take 30,000 years.
@randybest9187
One of the biggest problems we have is that the ignorant masses always look to Government for solutions.
@Alison_Dowe
Although I have interests in global economics I don’t watch the news anymore… I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You’re right about keeping level headed when investing so that’s why I think it’s important to limit the amount of FUD we consume. I don’t watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.
@MgtowRubicon
The banking crisis “contagion” is government bonds.
The banks are coerced and forced to buy government bonds with customer deposits.
As yields (interest rates) increase, the present value of those bonds is less than what the bank paid with customers’ funds.
This bank run will destroy the economy with a Greater Depression lasting for 10+ years.
@adamhazelwood5282
What Martin suggests is – we need a new governance system. Nothing else will solve the problem of government overspending.
@randybest9187
It is amazing how many still have faith in worthless Government/FED fiat.
@susanemig972
The FED is certainly part of the problem. Every time they make a major decision to tighten or lower rates, average Americans loose great wealth to where we barely have a middle class. Quantitative easing is also responsible for crazy high inflation which is also a tax on the middle class & poor.
@paulscottfilms
This was a good straight talk and I enjoyed it immensely. It solidified reality things for me. Economics for the layman here and too good. It was very useful to get past the idea that the evil banker and the Fed are always at fault The most sensible talk I can remember hearing about our present dilemma. Mr. Armstrong gave the first talk I have heard on how we can fare through the tyranny of CBCD .
@user-rg9yz5ou4y
You are ignorant of history. The U.S. did pay off the debts of the Continental Congress, even though it took them 40 years to do so, using the tariffs charged on foreign imports by the USG to provide the necessary revenue to pay off our debt. This scheme was set in motion by Secretary of the Treasury Alexander Hamilton during George Washington’s first term as president. You know, that funny looking guy on the ten dollar bill.
@maryjones5710
Helen Clark, a New Zealand Prime Minister paid the National Debt off by using the Pension Fund, to speculate on Wall St. That was back in the 90’s though. A tiny Country, but they did do it.
@ChristineMeier963
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
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Original source: https://www.youtube.com/watch?v=0Zp9K9RMZts
