The Great Myths that Never Die: Rothschilds & Petrodollar | Armstrong Economics

The two major myths that I get asked about all the time are the Rothschilds and whether pricing oil in yuan or euro will cause the dollar to collapse. I think I know something about the Rothschilds. I was even offered an investor back in the 1980s who wanted to buy into the company, and it was one of the Rothschilds. Nevertheless, it seems as though these legends live on for centuries and no one bothers to review the evidence. The Bible of the Rothschild conspiracy comes from “The Creature from Jekyll Island.” This popular book is probably the most distorted review of history I have ever encountered. It contains a quote that is often attributed to Mayer Rothschild, and I dare to find anyone who can come up with this quote that preexisted the publication of this book. I believe it was just made up. The quote claims that Mayer Rothschild once said: “Let me issue and control a nation’s money and I care not who writes the laws.” The reason why this quote is fake is rather clear. The US did not begin to issue paper money until 1861, nearly 50 years after his death. It wasn’t until 1921 when the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales. The entire authority to issue banknotes started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted. The first banknotes were originally hand-written and were merely like checks. It was not until 1725 when cashiers had to sign each note and make them payable to someone. Actually, printed banknotes at the Bank of England began in 1855, which was about 40 years after Mayer was dead. The quote was made up to justify this idea that the Federal Reserve was evil and owned by bankers who could create money at will. The entire problem was completely distorted, for the ability to create an elastic money supply during a recession and the Fed would be able to buy corporate paper which was redeemed upon expiration. It was World War I when Congress instructed the Fed to buy government debt to fund the war and never restore the structure to what it once was. Hence, this fake quote by Mayer predates a central bank creating money, and it appears the person selected was dead so there could be no challenge. It has been used to convince everyone that central banks are evil and they are merely the puppets of the Rothschild family who control the world. The Rothschilds lost their power as did the Medici. They have been replaced by Goldman Sachs, which is affectionately called “Government Sachs” among professional dealers and traders. All these claims that the “petrodollar” is going to collapse are a total joke. Oil is less than 10% of world trade. These people are living in the ’70s. Hey, cut the hair and get rid of the bell bottoms. It’s 40+ years later! There is not even an attempt to offer a true honest analysis of the subject. Just look at the figures. The oil and gas drilling sector make up between 4.6% and 6.5% of the global economy. The FX market DAILY trading volume is about $5.3 trillion,which dwarfs the equities and futures markets no less oil and gold. Just look at the numbers.
β€” Read on www.armstrongeconomics.com/world-news/conspiracy/the-great-myths-that-never-die-rothschilds-petrodollar/

Al Gore’s Global Warming Deliberate Fraud to Increase Governmental Power | Armstrong Economics

There is a serious question that no one wants to address. How did Al Gore create the global warming scare and earn hundreds of millions of dollars in the process? Before Al Gore, science was worried deeply about what we are experiencing today — global cooling. On April 28, 1975, Newsweek magazine published an article in which they sounded the alarm bell and proposed solutions to deliberately melt the ice caps: “Climatologists are pessimistic that political leaders will take any positive action to compensate for the climatic change, or even to allay its effects. They concede that some of the more spectacular solutions proposed, such as melting thearcticc ice cap by covering it with black soot or diverting arctic rivers, might create problems far greater than those they solve. But the scientists see few signs that government leaders anywhere are even prepared to take the simple measures of stockpiling food or of introducing variables of climate uncertainty into economic projections of future food supplies.” This sounds very similar to today’s proposed solution of putting particles in the atmosphere to deflect the sunlight to reduce global warming. Indeed, TIME magazine’s January 31, 1977, cover featured the cover story, “The Big Freeze.” They reported that scientists were predicting that Earth’s average temperature could drop by 20 degrees fahrenheit. Their cited cause was, of course, that humans created global cooling. Then suddenly the climate cycles shifted and it began to warm up. There was this core group of people who seemed to enjoy all the attention they were gathering by predicting the end of civilization caused by humans. As the temperatures began to warm, suddenly they had to switch the dire forecasts from global cooling caused by humans to global warming caused by humans. Al Gore came to the rescue. Global cooling meant that government should stockpile food for everyone, but that would cost money. Switching to global warming would create a different agenda that they were familiar with. Like smoking, they could tax it to HELP people. Of course, when they did stop and tax revenues began to decline, they introduced taxes on e-cigarettes and didn’t try to deter people from smoking. With global warming, they could tax everyone for things they did every day from driving a car to heating and cooling their homes. Suddenly, global warming was a lot more profitable for government than global cooling. The alarm bell stopped ringing that warned of a continued global cooling, seen between 1945 and 1968, that was creating a new Ice Age. Al Gore took the position of Vice President under President Bill Clinton. In that capacity, with Bill Clinton chasing women, Hillary became the de facto President and Al Gore was given free rein. No other Vice President enjoyed that power until Dick Cheney under George Bush, Jr. Gore set out to enact policies that would alter government and our future by placing humankind in harm’s way. Gore directed all funding to ensure that the climate change agenda became a top priority for the United States Government. Gore created the President’s Council on Sustainable Development. The Charter was revised on April 25, 1997, and the “Scope of Activities” was dramatically altered. Gore directed that the agenda was to be EXCLUSIVELY a global warming agenda to reduce greenhouse gas emissions. He claimed there would be NO DEBATE regarding the science behind the new agenda. Gore deliberately silenced all opposition. The President’s Council on Sustainable Development was to focus EXCLUSIVELY on reducing greenhouse gas emissions by adopting the U.S. economy to his agenda. The Council shifted from economic development to environmental development even though it would reduce economic development. Gore flipped the purpose of the Council to a global warming and then set about his agenda to create a crisis to increase government control and power. That can only happen when there is a crisis, which Gore then manufactured. To pull off the new agenda, Gore’s strategy set out to purge the government of anyone who disagreed or opposed his agenda in any way. He instilled, not the fear of God, but the fear of Gore throughout the high-ranking government officials in the agencies that included the Department of Energy, Environmental Protection Agency, National Science Foundation, Department of Education, National Oceanic and Atmospheric Administration, and National Aeronautics and Space Administration. Their funding would be cut unless they adopted Gore’s agenda. When physicist Dr. William Happer, who was the Director of Energy Research at the Department of Energy, testified before Congress in 1993 in disagreement with Al Gore, he was instantly fired. Harper would later comment: “I had the privilege of being fired by Al Gore since I refused to go along with his alarmism. I did not need the job that badly.” Al Gore’s propaganda machine has been amazing. From the position of vice president, he changed the entire world while Bill was preoccupied with the line of girls waiting for their turn in the White House. His net worth exploded from $2 million to an estimated $300 million. His movie, An Inconvenient Truth, even made him $24 million with its apocalyptic forecasts that are an embarrassment today. He went on to win the Nobel Peace Prize in 2007, which is awarded not for peace, but whatever agenda they want to push at any given moment. He was awarded that prize jointly with the Intergovernmental Panel on Climate Change (IPCC) “for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are needed to counteract such change.” What is really astonishing is that Al Gore is neither a scientist nor a climatologist. Yet, Gore is considered the leading expert despite the fact that Gore’s climate change agenda was nothing but a fraud and deliberately imposed to increase government power.
β€” Read on www.armstrongeconomics.com/world-news/climate/al-gores-global-warming-deliberate-fraud-to-increase-governmental-power/

Al and his ilk are full of hot air and big government wet dreams.

Don’t Blame Capitalism for the Decline of the Extended Family | Mises Wire

A common myth about capitalism β€” and its associated ideology, (classical) liberalism β€” is that capitalism and liberalism somehow “force” people to prefer consumption and profit maximization above all other value systems.
β€” Read on mises.org/wire/dont-blame-capitalism-decline-extended-family

Our failed system of crony capitalism has created this mess. Until we demand an end to the tax breaks and collusion of the deep state with these corporations, we will keep getting more of the same. Big tech and big government are making every American dream smaller, and all by design. JohnBarleycorn