April 28, 2023 - The Truth Central - Dr. Jerome Corsi
33:40
Why the Gradual Global Financial Collapse Could Turn Into a Crash
The US and EU are overspending to comply with arbitrary Climate Change hysteria, the US dollar is continues to fall, banks continue to go down as US and other world leaders are trying to push a digital currency. This is all leading to global economic disaster, which may be accelerating faster than expected. Dr. Jerome Corsi breaks it all down on today's The Truth CentralVisit Dr. Corsi's The Truth Central website: https://www.TheTruthCentral.com'Follow Dr. Corsi on Twitter: @corsijerome1MyVitalC: https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpPro Rapid Review: https://prorrt.com/thetruthcentralmembers/elBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.
This is Jerome Corsi and today is Friday, April 28, 2023.
Thank you for joining us.
This is our last broadcast of this week.
We'll be back on Monday.
Let's get right into the news today.
This is Jerome Corzine and today is Friday, April 28, 2023.
Thank you for joining us.
This is our last broadcast of this week.
We'll be back on Monday.
Let's get right into the news today.
There's quite a lot going on.
First story I want to cover is a pretty remarkable one.
The Federal Reserve has now announced that in July, it's only two months from now, it's going to launch what they call now this FedNow service.
Okay, this is the beginning of the central bank digital currency.
They have a website, and I do encourage people to go to their website, which is FRBServices.org.
I think you just type FedNow.com and it comes up.
Essentially, what this is, it's a payment system.
In other words, what happens when banks, when you, for instance, want to wire money or when you want to use electronic banking to pay a credit card or to pay a bill of any kind, the money is sent electronically between the banks.
The banks settle it.
It shows up in your account.
Many people these days are not writing checks at all.
They're doing everything electronically.
And this payment system is designed to make it instantaneous.
What it does is it uses this IOS, I guess it's protocol, which is essentially heading towards a cryptocurrency kind of solution.
I'd like to see it ultimately go blockchain.
I think XRP is one of the, one of the cryptocurrencies that I own and I like it.
And I think it is the payment system of the future.
Uh, the government's going to try to do the Federal Reserve thinks that this is, and by the way, I say that I want to make sure that everybody understands where my self-interest is.
And I want to distinguish that.
So everybody knows where, um, when I'm promoting things that as we have sponsors, which we benefit from the, um, and by the way, I don't own any stocks or bonds, so that's, I've never have, I've had securities licenses and it's just been better not to own them.
At any rate, the Federal Reserve is setting up an instant payment system.
And they're gonna be able to monitor every single thing you do with finances, every penny, et cetera.
They are going to encourage debt.
They want people to be in debt because then in fact, they can basically control you.
And the only way, it's gonna be a very convenient system because you can instantly receive money.
You can instantly send money.
The people get it instantly.
It's all gonna be instant because they're taking the settlement processes out of bank, Transactions.
It'll be all interbank, but for instance you'll be able to be on WooCommerce on the internet using a merchant account or whatever service you want to use.
Your bank will give you an electronic merchant account to put on your website and you can participate in this electronic transaction system.
We're going to have a store up probably early next week on The Truth Central.
We had to go through setting up with a merchant account and getting all that to work with the website.
That's going to be pretty easy to do in the future, and most people are going to be able to accomplish it very, very easily.
But it's also going to give government greater control.
And if the government doesn't like what you're doing, they can switch it off.
So it's gonna be presented as this slick new service, and isn't it nifty?
And you can say all the different things that it was going to do here.
Just look at the website.
It's pretty amazing what they're saying.
But again, I've posted a couple of articles which are very, very critical of this in the sense that it is truly government kind of control.
money and I think that there is essentially a need to have tangible
money. It's why I'm very happy that we have Swiss America on as a sponsor.
We'll talk about that in a minute, gold and silver, but getting rid of currency
which is rapidly being inflated out of value.
And if you're not following it, please start following this debt ceiling discussion in Congress.
Because what's becoming apparent is that we've had so much federal debt.
Now we're at over 30 trillion dollars in debt.
that we have created really a Ponzi scheme. We've got to pay off so much interest that we're just
printing money to pay off the interest. They call it the modern monetary theory. The end result of
fiat currency is since it's not based on anything, it's not based on gold, it's just hypothecated.
You can print as much of it as you want.
But the problem is, if you print too much, yet the money supply to increase too dramatically, you're gonna cause inflation.
And that's, in fact, largely what we've done with these.
The Biden administration is spending trillions of dollars, a trillion here, a trillion there, and it's all deficit spending.
And no one seems to care, so when it comes to Congress, the Republicans aren't going to have a balanced budget, and certainly they don't want to cut back Medicare or Social Security, so we're in a Cloward-Piven situation.
Cloward-Piven were two sociologists who in the 1970s, I believe at Columbia, came up with this theory that the way to destroy government, they were Neo-Marxists, and of course Neo-Marxists always want to destroy capitalism, they want to destroy, they can only destroy, they can't create, Would be to have so much social spending that the government went bankrupt.
And essentially the credit crisis, which is going to hit, is going to send the economy into a very, very deep crisis.
And it's going to happen quickly.
Now, that leads me to the second story I want to cover, because I think these are, again, very related stories, and the second story has to do with this.
It's a bit mathematical, and I'm going to take a minute to try to explain it to you, and make sure everybody follows along.
Anyone who took high school algebra probably was introduced to logarithms.
And my guess is if you did study them in high school, you've largely forgotten about them because they're not entirely easy to understand.
Okay, now I'm gonna take a minute to explain what logarithms are.
And they're basically, they're the inverse of exponentials.
Okay, now that's hard to, again, stick with me on this.
For instance, If you have 10 times 10, it's 100.
10 times 10 times 10 is 1,000.
Okay, so that's 10 to the power of three.
Three 10s.
10 multiplied three times.
Well, so you do a logarithm in the base 10.
In other words, 1,000 in the logarithm base 10 is three.
That's the exponent, the power you're raising it to.
Now, why do we have logarithms?
Well, logarithms go back to the 1500s.
There was a scientist, a mathematician named John Napier, who, unless you're a mathematician, you probably have never heard about, but he was extremely brilliant, and he came up with the logarithms, which essentially means that the number 100 in the logarithm of base 10 is 2.
A thousand in the logarithm, base 10 is three.
Now, when I was a kid, they had tables.
You had books which gave you all the logarithms and it showed you what three was, what 3.5 was.
All these numbers were translated again out of the base 10 into their real natural number format.
They're easy to calculate once you get a sense of it.
They're not hard to do, but it takes a different form of thinking.
Now why are they useful?
They're useful because when mathematicians have to deal with very big numbers, and certainly before computers, the nature of logarithms made it simpler to do the math.
Today, they are used still, but again, as I say, they're not common like they used to be when I was a kid.
We use computers.
Computers are using logarithmic functions.
We're not even aware of it because it's just automatic.
We just see, we just use the devices and we're not thinking about internally how they operate.
Now, the thing with logarithms is that When you look at these big numbers in a logarithmic pattern, the curve tends to be gradual, and then suddenly there's a steep decline.
It changes.
If you know mathematics, these are kind of like asymptotes.
They're parabolic curves, as it were, that curve up, and then they sharply curve up, and they rapidly can approach the Axis of a graph, the x and y-axes, but approaching zero but never reaching zero.
It's an asymptote.
At any rate, sharp declines are mathematically part of the way math works.
In other words, it's not a straight line function.
It's in a sense non-linear, but the point is that What we're experiencing in the economy today is that we are going into a logarithmic decay.
That's what it's called.
It's called logarithmic decay.
So it's a great way to describe the social and economic kind of crisis we're facing, because first of all, it appears gradual.
You know, we see the deterioration of finances as gradual.
You know, we went through the OPEC oil crisis.
We got through that.
We got, of course, the economy crashed.
Gold and silver doubled in price in the 1970s, early 80s.
And we went through the 2008, 2009 subprime real estate crash.
And again, gold doubled.
The economy crashed.
And we thought that's okay.
Well, those two were just the warmup.
Because now we've got such massive debt, and with commercial real estate being vacant, we're going to have a massive collapse.
I'm not sure what the trigger is going to be, but it's going to happen.
At the same time, we're also a social Ticking time bomb.
Because we've got various insanities.
This critical theory, which is Neo-Marxism.
It comes out of the Frankfurt School.
Neo-Marxists who were trying to revive and restore Marx in Weimar Republic Germany, 1930s.
And Germany 1930s, which we're still fighting.
I mean, these things don't go away.
It was a fight between the two factors of the left.
The Nazis were national socialists.
They did believe in private enterprise, but they wanted it controlled by government.
They're kind of like Klaus Schwab.
They thought most people should have safety nets.
We'll give you some free government paid vacations if you behave.
It will control the economy, international corporations will run everything, and the governments will be the partners of the multinational corporations.
That's Klaus Schwab World Economic Forum.
Those were the Nazis.
They were not right-wing.
They were not conservative.
They were national socialists.
And they oppose the Communists.
The Communists believe there shouldn't be private property.
States should own everything.
Collectives should run everything.
If you don't have private individual rights, you've got collective rights.
That was Marx.
Well, Marx thought that in 1848, there was going to be a revolution of workers all across Europe.
It didn't happen.
In the United States, we began developing labor unions.
The workers did not rise up like Marx thought.
This is what my new book is going to be about, the book I've just written.
It's in press about the truth about Neo-Marxism, the cultural Maoism, and anarchy.
Ultimately, what happens with the revision of Marxism, it produces this critical theory And the critical theory combined with postmodernism means we get what we're seeing right now in terms of the gender wars, in terms of all the racism, all these issues.
It will pass.
But in the moment, it's a deeply disruptive force and was meant to be a deeply disruptive force.
These social forces of critical theory combined with the economics of huge, massive, unmanageable, unsustainable debt make inevitable a crash.
Chris, do you want to comment on this?
Marxist governments throughout history have looked for the ingrates in society, the people who are complaining about something, not necessarily the workers.
Marx said the workers are going to do that, but real Marxists know that the only way their governments are ever going to succeed is with total cooperation from the citizenry.
So they need people who want things done their way.
This is what's happening in America.
You have these fringe groups who are screaming about getting special rights.
The Marxists in the government are promising this to them as long as they back that type of legislation and the direction they're going.
This is how you build a left-wing or a far-left government.
It comes out of Gramsci, who was an Italian communist, and he basically saw that Marx failed.
Marxism didn't work.
And so he redid Marxism to say you've got to have a cultural war.
You've got to attack the culture of capitalism, which is consumption, it's work, it's labor, it's family, it's individual enterprise, it's God-given rights, etc.
You've got to attack that.
And that's what we're going through.
Then it gets attacked at a time when we learn how just to print money and not deal with serious economic issues that require discipline.
We deal with politics that are out of control as well, and over time what you get is chaos.
It's manufactured chaos, and this is something you're going to be explaining in this upcoming book as well.
Yeah, this is going to be a more difficult book to read, but if anyone persists through it, I think you're going to—it'll be out in November, I believe—you will see that we're dealing with a different reality.
We're dealing with the Neo-Marxists who live in a different world.
They don't believe in objective values.
They think we can posit our values to be what we want, and they believe, like John Lennon, let's imagine, let's reimagine education, let's reimagine police.
We don't need any police.
We need to reimagine it.
Yeah, well, they reimagine chaos is what they reimagine, and it's almost like schizophrenia, which I point out in the book.
It's going to be a difficult read, but I think this book is going to be one of the More important books I've ever written.
It's a trilogy.
We're to cover the next subject in a minute, but first I want to show Swiss America.
I want to make sure that people see our sponsors.
Our sponsors, the two that are active right now.
Go up to the sponsors at the top of the home page and you click that down.
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They are, I've worked with Swiss America now since about 2004, 2005.
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To talk to Swiss America because they can give you advice and they can tell you what, you know, what your situation is, what kind of gold and silver might be useful for you because we're going to have a massive, massive economic downturn and it's going to be sudden.
We'll wake up one morning and banks are going to be crashing and it will not be recoverable without a major crisis.
Anyone who has some gold and silver will do better than if you don't.
And I'm not giving you financial advice.
I'm basically commenting on the economy.
If you want financial advice, talk to Swiss America, the professionals at it, and please do so.
I'm encouraging this for your own good.
The next article I want to cover is this.
The EU just made emissions even more expensive.
Again, it's the whole climate hysterics.
What we're finding now is that the EU approved a carbon tax to reduce emissions by 62 percent
from back to from the 62 percent from the 2005 limit levels by 2030. So they want to get
dramatic reductions in carbon dioxide by imposing a tax on emitting carbon dioxide.
Now, again, this is a ridiculous idea.
I studied this going even back to the 1970s when the Democrats were really creating the first carbon exchanges.
The idea was that, you know, if you emitted carbon and someone else didn't emit carbon, you could buy credits from them, which then allowed you to emit carbon, and you paid for that right.
And others, by not emitting carbon, could get extra payment.
It was a transfer scheme, a massive transfer scheme.
The Democrats created it, and the Democrats held the patents on it.
So the very prominent Democrats were planning to make Billions of dollars on taxing the air we breathe.
Finally, the Democrats figured out a way to tax the air we breathe.
And again, that's what this is all about.
Carbon dioxide is really a minor, minor factor.
It's not the thermostat of the Earth.
If you think about it, that yellow thing up in the sky, the sun, that's the major driver of light and heat irradiance on the Earth.
And when it shines, it's hot and it's light.
Now, we call this night.
We have to explain these concepts to the left.
At night, the sun is not in the sky, it's cooler, and the irradiance absorbed by the earth tends to go back up into the upper atmosphere.
If we didn't have greenhouse gases, this would not be a habitable place, because we would lose all the heat at night.
Oh, the Earth does rotate.
Remember it goes around on the axis?
So we call a day 24 hours, and we spend a good part of that day in night.
These are fundamental concepts.
But you know, again, carbon dioxide, which the left wants to demonize, is almost insignificant as a greenhouse gas.
It's such a small percentage of the atmosphere.
The atmosphere is huge.
Carbon dioxide is absorbed in the atmosphere.
It's a very complex process.
The major greenhouse gas is water vapor.
That's about 70%.
The Democrats don't want to demonize water vapor because carbon dioxide is not emitted by water vapor.
It's emitted by Hydrocarbon fuels, and they want to get rid of hydrocarbon fuels.
This whole thing is about making life more difficult, destroying capitalism, which is what the agenda has become.
Now, even more ridiculous here, we take a look at this, the European Parliament has decided that they're going to have a 86.7 billion euro fund To ease the pain.
In other words, the corporations that are emitting carbon dioxide are gonna have to pay a tax, but the EU will give them money to pay the tax.
So the government's paying the tax.
Well, it's very similar to what the Fed is doing.
We have this massive U.S.
debt, $30 trillion.
We have to pay the debt service.
We've got to, every month, pay off the interest.
So the Fed prints more Treasury debt, Treasury does, prints the Treasury debt, and the Fed buys it.
The Fed sends it money.
Well, in other words, it's just a big Ponzi scheme.
Now, of course, the EU intends someday that they will not pay the tax, and the corporations will pay the tax, but they know it'll be economically ruinous.
And the end result of this is that everything's going to cost more.
You're going to have inflation, because that tax is going to get passed on to the consumers.
These are fundamental economic ideas, but again, the left doesn't seem to care about these ideas.
The left wants it to be, you know, let's John Lennon, let's imagine the future, let's imagine a hydrocarbon-free future.
Well, that's going to be a much more difficult place in which to live.
You know, they want us to eat bugs, they want all kinds of things.
I mean, that's why I say we're in this about to crash, because the social, cultural ideas are insane, and the economics are insane, and at some point it breaks.
Now, I want to go to the next story here, which I think is equally important on this whole green agenda.
And the next story is that in Germany, we have these climate activists, Who have now begun to glue themselves to streets, and it takes jackhammers.
This glue that they've developed is a glue that there's no solvent that readily removes it, so you have to come out and take a jackhammer and take part of the highway up with it.
So that's how you get rid of the climate activists who are having a sit-down protest in the middle of the streets.
So these members of a group called the Last Generation descended on Berlin earlier this week and they started gluing themselves to streets all over the German capital where they block roads.
They wanted to pressure the government to take more drastic action against climate change.
You know, carbon dioxide.
They're worried we're all going to die because of this trace molecule in the atmosphere, by the way, which plants love.
But they don't want us to put back the nuclear power plants, of course, that Germany just turned off.
They want a more primitive economy.
They want us to imagine a new economy without hydrocarbon fuels.
Well, I'm inclined to want to imagine an economy without them.
At any rate, according to some of these reports we're getting from Germany, it took More time, basically, in the past, basically to get rid of these protesters.
They're using this glue which is making it very, very difficult to remove them.
And they blocked about 30 roads in Berlin, demanding that the German government take more action to curb, transport emissions of carbon dioxide.
It's basically they're demanding that the Germans cease the use of fossil fuels in the next six and a half years.
Uh, and they want basically to impose a 62 mile per hour speed limit on the highways.
Uh, they want, uh, a lot of changes where we don't have carbon dioxide emitted in our transport system.
So more than 30 roads were blocked according to the German news agency.
And this group said we are no longer accepted.
The government has, uh, government has basically no plan to stop the destruction of our livelihoods.
So we are resisting now by gluing ourselves to streets.
Well, now that is insane.
I don't know what is.
And again, we see these protesters come in with paint and they throw them on masterpiece paintings and museums.
They're destructive.
The entire neo-Marxist group is destructive.
And this entire climate agenda, as I point out in the first book in this trilogy, The Truth About Energy, Global Warming, and Climate Change, It's a fundamental non-understanding of climate science.
It starts not with carbon dioxide, it starts with the sun as the heater of the earth, and the major changes in earth's temperature have to do with the sun.
When we get to a more elliptical orbit, we have an ice age.
I guarantee you it was not the cavemen and the little carbon fires that got us out of the last ice age.
We'll have another one, and it won't have anything to do with carbon dioxide.
The Earth is also a very cataclysmic place.
We've had massive changes on the Earth.
We've been hit by giant asteroids 65 billion years ago.
That's what killed the dinosaurs.
Earth's history, there's years in existence of geological time people don't think of.
They think of the last two or three years.
Is it getting warmer or colder?
Well, in time series analysis, two or three years is usually not a significant enough period of time to see a real trend.
Not when the Earth has gone through massive changes.
Five extinctions.
Everything on Earth died, and it was not because human beings were here.
We weren't here for the extinctions.
80% of the Earth's geological history, there was no life on the surface of the Earth.
This is not a stable place, and it certainly isn't one where we, by reducing a little bit of carbon emissions, are going to solve anything fundamental.
Now, I want to end this by going to our second sponsor, My Vital C. Chris, if you'll get that up on the screen.
This is a rather remarkable molecule.
This molecule is 60 carbon atoms in a cage structure, like a soccer ball, or like a geodesic dome, Buckminster Fuller.
They're called fullerenes.
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I've been taking this for four years.
I've been through enormous turmoil in the last four years.
You'll recall Mueller wanted to put me in prison for the Russian collusion hoax, another great hoax we're going through.
This is clearly an age of disinformation, hoaxes, crazy ideas, bizarre economics, bizarre social movements.
That's why I want you to understand logarithmic change, because we're going to come to a point where it's going to drop off the cliff, and it will be both socially destructive Um, one of the other stories I wanted to cover was that in fact, uh, in Ukraine is now preparing for this counter offensive.
Well, Russia launched a whole series of missiles on Ukrainian cities.
Uh, they killed 17 or 18 people overnight, middle of the night.
That's Russia's answer to the counter-offensive.
The counter-offensive, they've got all these tanks and missiles and everything that the NATO countries have given.
Zelensky and the Ukrainians, these are basically neo-Nazi fighters.
And we're still going through World War II.
I mean, the entire left, which I continuously point out, was Neo-Nazis were today the descendants of the National Socialists, and they are left.
They want to have world economic forum power control over our lives.
Communists want to have control over our lives, but they don't want us to own anything.
My vital C is something you can do to get your own health in your own hands.
Decentralization.
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If you'll try the MyVitalC.
And it's the same with the Swiss America.
It's another way for you to gain control of your own finances.
And do not be dependent upon a government, central bank, currency, or payment system that's electronic that they can switch off on you, the government, anytime they want.
Turn off the electricity, there is no economy, and an economy that's completely dependent upon electronic money.
Governments will be in control.
We're at a very dangerous point in our time and I've come back.
People say I'm looking younger or whatever.
I attribute a good deal of that to my vital C and other things I've done to basically, you know, when Mueller gave me a plea deal and he did not indict me, I realized it was through the grace of God I got through that.
And my faith has remained very strong, and this is a rule-based place we live in.
Chris, do you have any final comments before we wrap up?
On those German activists that are gluing themselves to sidewalks, I harken back to my elementary school days.
One of our former teachers, Mrs. Nichols, just passed on at age 107 a couple of years ago at John W. Chorley Elementary in Middletown, New York.
She was a nice lady, but whenever kids were acting up, including myself at times, she'd say, why don't you do something constructive?
That would be a nice piece of advice for these people who are splashing paint all over paintings, over artwork, and gluing themselves to sidewalks.
The idea is, hey, you know what?
Leave these people there!
That'll teach the others a lesson.
Maybe that's what should be done.
Rescue them and bail them out.
Another story I was looking at today was Ashland, North Carolina, which went through this defund the police.
And now they're saying, well, we better do something about it because we are having crime in our central city.
Comparatively, a small town compared to New York or Chicago or other cities, Philadelphia, democratic controlled cities where, you know, you've got incredible filth in the streets from the homeless, got crime in the streets, got district attorneys release criminals and things that the police are quitting in massive numbers.
And so Asheville's saying, well, maybe we better have a 30 or 60 day safety campaign.
Well, isn't that a good idea?
This whole re-imagining, let's re-imagine police so we don't, let's defund the police.
That's re-imagining them.
Let's re-imagine sex so we don't have genders anymore.
Make up your own gender.
Why don't we re-imagine a world without John Lennon?
Let's re-imagine a world without these people.
You know, because they want to reimagine without hydrocarbon fuels.
These ideas are destructive and insane, and they are not God-driven, they are not in accordance with, you know, we do, the earth has a remarkable properties to it, and they are, that's what I'll write my third book about, trying to resist this transhumanism, which is in a sense trans-germanism, but the point is, you know, God rules here.
And this planet is driven by rules.
You can't make it up as you go along.
And if you try to, you're insane and you're disruptive.
The neo-Marxists, the cultural Maoists know how to destroy.
They do not know how to create.
Posit your own values.
Imagine your utopia.
Well, the utopia that neo-communists create is starvation, war, disease, disaster, totalitarianism.
And I've come back because I would like to do my small bit to try to prevent this from happening.
Chris, any last words here?
I think we've gone a little bit over time, but we've had a lot to say today.
I have a lot of last words, but the fact is, I prefer yours.
In the end, God will win.
In the end, God always wins, and God will win here, too.
