Government-controlled, central bank digital currencies

[Yodean]

https://www.activistpost.com/2020/10/ec ... aunch.html

The war on cash continues. With government-controlled, central bank digital currencies, every transaction will be tracked and potentially taxed. The government will be able to deny you access to your funds at any time, theoretically.

How much time before Big Brother comes after the independent cryptocurrencies? 3-5 years?

[SOL]

Don't worry AI will work in both ways. It will provide the small guy with ways to defeat big brother. Big brother is miscalculating the power of AI. AI will level the field. A lot of government officials will be replaced with more efficient AI, it's an unstoppable trend. Politicans stand to lose the most when AI is fully unleashed

[Yodean]

The October 19th MU is absolutely terrific, Sol. I mean, all your other stuff is great too, but the first 6.5 pages of today's MU should be considered essential reading for every literate adult, even for those who don't invest a single cent in the markets.

Also, I am glad to see there is much less in the way of grammatical and vocabulary errors - that used to bug me a little bit.

[MarkD]

Powell made some statements re: digital currency yesterday.

https://www.reuters.com/article/us-usa- ... SKBN2741OI

[Budge]

An issue for a US digital currency is 70% of physical dollars are held outside of the US and the US has never canceled its currency. A dual system perhaps?

The IMF would love to gets its sticky fingers on a world-wide digital SDR currency.

[Pipedream]

I was just reading the Annual Report for Kalyera KLR ( I bought warrants expiring in 2025 @$.99) and they mention that; "ECB regulations have begun to mandate additional customer protection regulations, such as those requiring strong customer authentications for all payment transactions over 30 euros."
Canada is also making noise about researching some form of digital currency. COVID managed to cut off 99% of cash transactions.

[Pipedream]

The October 19th MU is absolutely terrific, Sol. I mean, all your other stuff is great too, but the first 6.5 pages of today's MU should be considered essential reading for every literate adult, even for those who don't invest a single cent in the markets.

Also, I am glad to see there is much less in the way of grammatical and vocabulary errors - that used to bug me a little bit.

I know what you mean - but Martin Armstrong's postings are much worse. So many errors it is often hard to make sense of what he is saying.

[SOL]

The October 19th MU is absolutely terrific, Sol. I mean, all your other stuff is great too, but the first 6.5 pages of today's MU should be considered essential reading for every literate adult, even for those who don't invest a single cent in the markets.

Also, I am glad to see there is much less in the way of grammatical and vocabulary errors - that used to bug me a little bit.

We will strive to improve, the issue is whether we should wait another 24 -48 hours to do a deep and thorough check or send the market update out after using an AI-based program to scan for errors, The first one would delay things by 24 hours or more, The second option only adds 30 to 60 minutes to the process, so essentially the update is sent out almost hot of the press.

There are problems with AI software (though its getting better) it will sometimes ad a the, but, and, I, etc in places that make no sense, Or occasionally restructure the sentence (though this is happening less) and so on.

AI is getting better and better and hopefully, within the next 12 months or less, these silly/minor errors drop to less than 2% and eventually almost zero.

[Yodean]

The October 19th MU is absolutely terrific, Sol. I mean, all your other stuff is great too, but the first 6.5 pages of today's MU should be considered essential reading for every literate adult, even for those who don't invest a single cent in the markets.

Also, I am glad to see there is much less in the way of grammatical and vocabulary errors - that used to bug me a little bit.

I know what you mean - but Martin Armstrong's postings are much worse. So many errors it is often hard to make sense of what he is saying.

Yeah, Armstrong's stuff is fun to read, if somewhat disturbing. As Sol has mentioned previously on the AITT forum, Martin gets a bit emotional given his past experiences with the U.S. government/Deep State, and certainly this may affect his objectivity.

Incidentally, Armstrong is calling for some sort of "panic cycle" the week of October 26th - I am not sure what this means exactly, but I guess we'll find out. A "panic" out of European bonds into the USD and USD-denominated assets? A crash? Some type of black swan event?

[Budge]

"Markets are like viruses because they are driven by nature. But just like a virus, their main objective is to defeat/kill the majority all of the time." Martin Armstrong

I don't think the "panic cycle" drives funds into the US, it seems to be the reverse, money flowing out of the US with the EU the initial beneficiary but then Russia and some of S America. This would indicate the panic is local to the US.

[Pipedream]

The October 19th MU is absolutely terrific, Sol. I mean, all your other stuff is great too, but the first 6.5 pages of today's MU should be considered essential reading for every literate adult, even for those who don't invest a single cent in the markets.

Also, I am glad to see there is much less in the way of grammatical and vocabulary errors - that used to bug me a little bit.

I know what you mean - but Martin Armstrong's postings are much worse. So many errors it is often hard to make sense of what he is saying.

Yeah, Armstrong's stuff is fun to read, if somewhat disturbing. As Sol has mentioned previously on the AITT forum, Martin gets a bit emotional given his past experiences with the U.S. government/Deep State, and certainly this may affect his objectivity.

Incidentally, Armstrong is calling for some sort of "panic cycle" the week of October 26th - I am not sure what this means exactly, but I guess we'll find out. A "panic" out of European bonds into the USD and USD-denominated assets? A crash? Some type of black swan event?

The other problem with MA is that his dates don't always work out as he so strongly predicts. His charts and his writing all focused on Jan 18-19 2020 as the. date for the big pull back. It was a long weekend and he indicated it. could happen on either of those days. As it turned the collapse started 6 weeks later, when all my stops had been cancelled. Lesson learned. .

Perhaps the panic will be when Trump announces he has cancelled the Election!!

[Triplethought]

Yeah, Armstrong's stuff is fun to read, if somewhat disturbing. As Sol has mentioned previously on the AITT forum, Martin gets a bit emotional given his past experiences with the U.S. government/Deep State, and certainly this may affect his objectivity.

Incidentally, Armstrong is calling for some sort of "panic cycle" the week of October 26th - I am not sure what this means exactly, but I guess we'll find out. A "panic" out of European bonds into the USD and USD-denominated assets? A crash? Some type of black swan event?

I've never heard of this guy. Do you subscribe to his private newsletter to get these predictions? Given he is a felon do you trust his instincts? I could predict a "panic cycle" too. How is this "Sometime in the next 6 months there will be a week or more of major stock market downturn." Not very impressive if I can't pin it down tighter than that.

[Pipedream]

Do a search for Martin Armstrong - Socrates

[Budge]

Triplethought,
Might I suggest you dig a wee bit deeper than Wikipedia. Among other things he was the world's largest gold trader, then ran the world's largest hedge fund (I think at one stage AUM equaled the US gdp), a physicist who taught himself to code and built an AI computer that "forecasts the world". The computer's predictions, sometimes years and even decades in advance, were so accurate it warranted a visit from the CIA who wanted the source code. His refusal ended up in his arrest on trumped up charges and imprisonment on the grounds of contempt. Legally, I believe, contempt can only be for a max of so many months. The authorities kept rolling it over for almost 10 years! An attempt on his life in prison left him in a coma for 2 weeks, friends and family were threatened and anyone who could help was warned off. He appears to have copped a plea (what a shocker!) but I don't think the authorities got the code.

Now people can dismiss him as a felon and it's not a surprise you've never heard of him because they've tried to make him a non-person, as though that makes a difference. Governments, central banks and corporations still seek his advice.

He has a free site: https://www.armstrongeconomics.com/

And a private site: https://www.ask-socrates.com/

[Yodean]

Yeah, Marty A.'s pretty legit.