The New World Financial Centre

The British Empire and Sir Stanford Raffles in particular were a very shrewd lot. They identified a seemingly irrelevant island with a population of about 150 people as a piece of prime real estate back in 1817. What’s happened since is well-known of course, as the city of Singapore has developed into a major international trade and financial hub, with all the wealth and status that goes alongside that.

This place had always been on my to do list, so when a work trip in 2018 presented me with the opportunity for a one day stopover, I took it with both hands. While I didn’t actually sit down for a Singapore Sling, I did take a wander around the Raffles hotel complex and see the art deco railway station, where bullet damage from the 1941 Japanese invasion was still visible in some of the outer walls, before it probably disappears as the city modernises even further and obliterates the British symbols. The railway itself has already been moved to the North of the island and the future of the station seemed uncertain then, but ghosts were visible everywhere, as I peered through the locked gate into the past, surrounded by modern skyscrapers. I also saw the 1920s post office building, now a hotel, the main square in front of the Town hall where hundreds of thousands were executed by the Japanese and one of the world’s most expensive pieces of undeveloped real estate, The Singapore Cricket Club. I can only wonder how much longer that last piece of Imperial history will last. The battle of Singapore itself in 1941 has always fascinated me. For obvious reasons, it does not feature large in British history when World War 2 is mentioned, but will probably forever be Britain’s biggest military defeat, with a loss of 100,000 military personnel into Japanese captivity and subsequent death, along with the loss of two Battleships – The Prince of Wales and The Repulse.

I’d love to revisit some day on less of an intense schedule, but I sense my days of travel are numbered and I’ve used most of those numbers up. No matter, at least I can say I saw some of the world before all prison doors were locked with a resounding thud.

At the time, I was not ignorant of the island’s position as a major trade route and centre of wealth. Goldmoney and Bullionvault have offered Singapore as a precious metals storage location for years. However, it’s only when you are actually there on the ground, staring up at the impressive skyscrapers that you really understand how the wealth and energy is migrating from the old world to the new.

It’s interesting how stories coincide once more and get you thinking on a particular route. A few weeks ago, I expressed the view that Bitcoin is a distraction, or a preparation for a release of a new monetary system to replace the Petrodollar that has existed since 1971, the year of my birth, the introduction of decimalisation to the UK, the closing of the Gold Convertibility window in the USA and the official founding of the World Economic Forum – more on the last one later. In my view, the coming of digital currencies is inevitable and they may not be nice, with features such as time limitation (spend it or lose it) and extra credits available only to those who follow the rules of society (get the jab or don’t eat meat?). However, for them to be truly accepted, they will need to engineer a collapse of the current system and when that system collapses, every monetary system change ever has had to promise some kind of gold backing to get the public onside.

Historically, the old world still rules the precious metals world, with familiar locations like New York, London and Switzerland being where most of that trade is transacted. As the old world declines further and the new world rises, an Asian powerhouse, one with independence, strong defences, good shipping links and a robust financial system to trade gold and silver is required. There’s no doubt on these metrics that Singapore ticks all the boxes.

What really triggered it was a story mentioning the huge new precious metals facilities being developed in Singapore. It’s not the first time media, including the BBC, have reported on this. Yes, it looks possible a new world currency backed by gold/silver is coming and it will all be stored in Singapore, perhaps with an offshoot for Europe in London. On this, Brexit suddenly makes more sense – a European nation outside EU control, a defendable island where the wealth can be stored as the mainland descends into destruction. The Corporation of London certainly has a pedigree line of survival and growth, regardless of the general situation in the country. You may laugh, but despite a recent short period of comparative peace, Europe has a long, long history of huge wars for resources and after a year of rewarding people for doing nothing, while the continent becomes ever-more dependent on a few producers to carry the mass on their shoulders cracks may appear and Atlas may yet shrug.

When you think about it, it’s interesting how Switzerland always managed to remain neutral during the many European wars of the last few centuries. It becomes clearer why when you are aware of the high levels of banking secrecy Switzerland has historically maintained regarding account holders and fund sources. Consider also how much plundered loot found its way to Switzerland during World War 2. Why, the World Economic Forum itself is even based in Switzerland and Klaus Schwab, it’s apparent founder, was born in Germany in 1938, just before World War 2 began. I’d be interested to learn more on his family history, and this article is something of a primer. Having conducted their meetings in Davos, Switzerland for the entire history of the organisation, they are now holding their first-ever meeting in Singapore in August, 2021.

On closer examination of the Asian map, Singapore is crucial to all trade heading from China, Japan and Korea etc to India then onwards to Europe. Ships can only sail through one narrow strait. The Evergreen in the Suez canal feels like the first visible supply disruption which will expose Europe to how reliant it has become on foreign imports of essentials. Perhaps when those containers do finally arrive, they will be loaded up with precious metals for the return trip as Europe is stripped bare?

Meanwhile, almost everyone in Europe wanders around like idiots, wearing masks and continuing to following “official advice”, not laws on all kinds of things that really are basic human rights, like seeing family and friends, or conducting mutally beneficial transactions with other human beings. Blithely unaware of the probable imminent end of their way of life. You know, that “way of life” that you have been told terrorists hated so much that it needed to be protected, yet was immediately signed away the moment you got told a new virus with a 99.6% survival rate hit?

What do I know really? If I was better at these things I wouldn’t be working in an office following the limitations of my school programming, but on the basis of these jigsaw pieces slotting together, perhaps we should be investing in Singapore. Especially banks if it is going to be the new Switzerland after the World Economic Forum meeting. Not to say there won’t be bumps along the way – one other thing about that map is the seeming inevitability of a conflict between the old world powers and the new. That same Asian map shows how China is totally hemmed in from the sea because the USA controls Japan, South Korea, Taiwan and the Philippines. If China could punch through and take Taiwan or part of the Phillipines, they could control the Pacific. A war is brewing. I note, for example, that the UK recently sent their aircraft carrier to the China sea. A war in which Singapore will remain an agreed neutral by all parties, just like Switzerland did during the last century, but a war in which the destruction and rewards to the victors may well be huge and end up on this small island nation.

UK Government Borrowing in the Time of Corona

The BBC lays the amount of new money created in the UK, during the Corona crisis. To spell it out :-

“Since the beginning of the financial year in April, government borrowing has reached £214.9bn, £169.1bn more than a year ago.

The independent Office for Budget Responsibility (OBR) has estimated it could reach £372.2bn by the end of the financial year in March.”

https://www.bbc.com/news/business-55013192

The natural consequences of this? Inflation, even if it takes a few years for the currency to begin circulating, or the death of the pound? Take your choice.

Stock Markets and Gold

Now for more news, your stock market investments may be worth under one-third of their value in 2000.  Gasp.  Yes, the gain of the last 20 years has been illusory.  For sure, some countries and some market sectors have done better than others, but for the USA main index, this is exactly what has happened.

(Chart: DJIA priced in ounces of gold)

Even if large corporations prosper, the US DJIA stock index and gold have a history of a near meeting when a financial crisis bottoms out. Currently, the DJIA is worth around 14 times the price of an ounce of gold. In 1932 and 1980, just over one ounce of gold bought the DJIA. Whether a large stock market crash achieves that, as was the case in 1932, or inflation pushing up the gold price, as was the case in 1980, it may be destined to happen again.

Currency Delivery in 2020

The whole Corona crisis has also shown how digital the world has become concerning money. The furlough scheme is a major example in itself. UK Businesses were expected to log their furlough claims using the internet. The IT infrastructure and software to support this was in place in record time – major IT projects can often take months or years to design, develop, thoroughly test, and release. It’s then an example of how the currency can now be distributed quickly to millions, through the central government, to businesses, then distributed electronically to customer accounts in banking computers. Not a single physical coin or note ever having existed.

Many other nations introduced a furlough scheme, but the USA did not. In this case, they mailed out Corona stimulus cheques of $1,200 to everyone. Lamenting, while doing so, that it was a shame that it was taking longer because they needed to get signatures on every cheque. Then, that it would have been so much easier had they had more direct banking details, such as a nominated bank account, to send the money out to the recipients electronically.

As to spending, well, more and more of it became electronic as internet shopping took off even further. Still, some preferred physical currency to a certain extent. However, one of the early casualties of Corona has been cash – the number of shops now insisting on electronic payments only and media stories saying that cash can help spread the disease is a clear signal that the system no longer wants people using old-fashioned coins and notes. Also, remember Gresham’s law about bad money forcing out good? There is probably a case that people are genuinely retaining more banknotes and coins at home, just if they are needed for some kind of emergency. However the Corona crisis goes, it doesn’t seem like good news for savers or freedom.

Furlough

The Corona / COVID-19 crisis has invented a whole new multitude of ways to distribute money to favoured interests and individuals. In addition to being unemployed, you can now get your full salary for doing nothing, while someone else you worked with has to continue to do their job, on the same salary, with all of the commitments their job requires. In the UK that has become known as ‘furlough’.  In many cases, it goes way beyond those in employment – the self-employed can also make claims to get their earnings covered. Staying at home, being paid full salary, having all the time in the world to do the house up, improve the garden, or even find another job to boost your earnings even more – a concept in the UK that has become affectionately known as “double-dipping.” It all sounds idyllic, doesn’t it, but there must be a catch, and, of course, there is.

If the various schemes introduced to pay employed people to do nothing sound like a major extension to the welfare system, then that’s probably because they are. Some people were bound to question the point in being productive, when for the same amount of money you could do nothing. Not everyone will feel that way, and some will be upset and stressed about the loss of work, but in terms of bending minds, taking power from people, and getting them used to rules, it is very reminiscent of the 1980s deindustrialisation of Northern England. A period when hopelessness and despair took over from community, self-sufficiency, and a strong work ethic. The schemes may also be the start of something that has been thrown around for several years now and never gained traction – Universal Basic Income. The concept of Universal Basic Income (UBI) is quite simple – every citizen is issued with a basic amount of government fiat currency per year, enough to live on. It never caught on because too many people could see through it – whatever the UBI level is, it would become the new zero, and self-sufficiency and freedom would surely be eroded. To say nothing of the existing gold base supporting more and more newly issued currency units every year.

Where the extra fiat currency has come from to fund all this, it is hard to see any real statistics on. We know that at some point, public borrowing must rise, and indeed, that is being presented through the news to make it palatable to the public, but increasing borrowing takes time. Wherever it came from, the consequence of these policies must be Inflation. Quite simply put, there must be a lot more currency units in circulation than there were a year ago, and even if the majority of those units are in bank accounts right now, doing nothing, at some point, they will begin to enter the market and circulate. At that point, prices must begin to rise. Whether this happens tomorrow or in a few years seems to be the only question.

ID2020

The Medical Care 2020 app is growing so big; it’s taking up all the resources on your smartphone. In the future, it may even store your COVID-19 test pass certificate, too, along with Microsoft’s proposed ID 2020 inoculation history – if there’s space. You may have to show them to be able to even travel, attend a football match or concert, should those things ever open up again.

https://inews.co.uk/sport/football/premier-league-coronavirus-test-health-passport-fans-prenetics-447547

Bluetooth

This innocuous little button that you may sometimes use to wirelessly broadcast music to a local device or your car has now taken on a new sinister aspect after the upgrade. Other smartphones in the vicinity, in the pockets of other users, now have apps harvesting your Device ID, the unique ID that can be used to track down your telephone, and ultimately, you. Did you consent to this? Some technology experts even claim that with Bluetooth turned off, your telephone is still detectable by  other smartphones.

Inflation

Inflation is an awful thing. It increases the number of currency units in circulation, robbing and diluting the hard-earned savings of normal people.

Note, inflation is an increase in the number of currency units in circulation, not an increase in prices, despite media stories about increased prices being inflation. Even the Bank of England, perhaps accidentally, confuses the two. They often aim for an inflation ‘target’
of 2%, supposedly the centrally-decided ideal set of price increases for a Goldilocks, not too-warm, not too-cold, economy to function. However, when they refer to this inflation target, they mean an increase in prices. Normally, the amount of extra currency pumped into circulation yearly exceeds the 2% figure by a large margin.

The BBC too, it seems, has the same misconception as the Bank of England. Take this story UK inflation rises after Eat Out to Help Out ends, published on 21st October 2020, for example. Here we find an explanation of Inflation that is, at best, accidentally wrong and at worst, intentionally wrong.

What is inflation?

Inflation is the rate at which the prices for goods and services increase.

It affects everything from mortgages to the cost of our shopping and the price of train tickets.

It’s one of the key measures of financial well-being, because it affects what consumers can buy for their money. If there is inflation, money doesn’t go as far.

In Time

In the 2011 film, “In Time,” starring Justin Timberlake, people have a built-in microchip clock-type device on their arm to top up and spend credits with. The clock is constantly ticking down in real-time, too, just by living, and people are forced to commit crimes to steal time from other humans to survive. Overall, a rather dystopian future is presented, where people are always conscious of their need to earn time just to survive another day. It’s noticeable in this film, too, that extra credits are given out to favoured interests by the overlords running the system and deducted from others. A likely increased future feature of currency issuance, as technological advances continue.

Patent WO2020060606A1

The future may be about to change dramatically, with direct delivery of currency to the human body itself, via wifi and the new, much-heralded 5G mobile network. Time to introduce Patent WO2020060606A1, filed in June 2019 by Microsoft and published on 26 March 2020, while Corona events began to dominate the news. What follows is the official abstract from the google patents page.

“Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system. A server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user. The cryptocurrency system communicatively coupled to the device of the user may verify if the body activity data satisfies one or more conditions set by the cryptocurrency system and award cryptocurrency to the user whose body activity data is verified.”

Now, as we’re moving into the future here, the conversation turns hypothetical – If the entities behind this Patent wished to wire up the human body to be able to function in this manner, how could they do it? How would they get people to agree to accept it?

It’s up to you to think about that but consider this. The person behind Microsoft, William Gates III, also runs a Bill and Melinda Gates Foundation (Melinda being his wife), that pays out billions to projects of their choosing. Wikipedia may have more up to date figures by the time you read this, but a flavour is as follows:-

The following table lists the top receiving organizations to which the Bill & Melinda Gates Foundation has committed funding, between 2009 and 2015. The table only includes grants recorded in the Gates Foundation’s IATI publications.

OrganizationAmount ($ millions)
GAVI Alliance3,152.8
World Health Organization1,535.1
The Global Fund to Fight AIDS, Tuberculosis and Malaria777.6
PATH635.2
United States Fund for UNICEF461.1
The Rotary Foundation of Rotary International400.1
International Bank for Reconstruction and Development340.0
Global Alliance for TB Drug Development338.4
Medicines for Malaria Venture334.1
PATH Vaccine Solutions333.4
UNICEF Headquarters277.6
Johns Hopkins University265.4
Aeras227.6
Clinton Health Access Initiative Inc199.5
International Development Association174.7
CARE166.2
World Health Organization Nigeria Country Office166.1
Agence française de développement165.0
Centro Internacional de Mejoramiento de Maíz y Trigo153.1
Cornell University146.7
Alliance for a Green Revolution in Africa146.4
United Nations Foundation143.0
University of Washington Foundation138.2
Foundation for the National Institutes of Health136.2
Emory University123.2
University of California San Francisco123.1
Population Services International122.5
University of Oxford117.8
International Food Policy Research Institute110.7
International Institute of Tropical Agriculture104.8
Source: Wikipedia, August 2020

You are invited to research for yourselves the organisations on this list. As a flavour, the single biggest contribution goes to GAVI – The Global Alliance for Vaccine and Immunization. The second-biggest contribution goes to the WHO – The World Health Organisation. The WHO is often presented as a league of nations-type organisation, but the second-biggest contributor behind the USA to the WHO is not a nation-state. It is the Bill and Melinda Gates Foundation.

That Nations are following World Health Organisation guidelines on Corona, including the push for vaccines, when it’s second-biggest contributor is linked to what would be a very, very profitable patent if the appropriate technology can be placed into the human body should be asked about by the government and media, on behalf of everyone. Wherever you live, you may have recently heard an interview with Bill Gates by your national media during these times. One day, a well-known BBC presenter conducted such an interview. Gates was presented as a Pandemic expert, despite having no formal qualifications of that kind. Then, GAVI was mentioned by the presenter, with no mention of how it is linked. Nor was there any mention of this cryptocurrency patent at all. In the USA, an interview between Ellen and Bill Gates on a similar vein was taken down from Facebook after receiving thousands of critical comments, many of them asking questions like those just mentioned. The internet was meant to lead to the sharing of more information and greater knowledge amongst the population, but it seems that investigative journalism is weakening. This is indeed not a criticism of Gates, nor Microsoft. Most of us use their products every single day. By choice. Gates himself would probably love to face genuine public inquisition to help prove that there is no conflict of interest.

It’s also impossible to ignore the biblical aspect of this patent number. WO2020 – New World Order 2020 and 060606 – 666. Either it’s a coincidence, someone is having a major joke, or a biblical prophecy is playing out in front of our eyes.

“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” – Revelation 13:17