Armstrong Economics Blog/Climate
Re-Posted Oct 23, 2019 by Martin Armstrong
Algae absorbs CO2 and a 500% increase in its population caused a mass extinction that wiped out more than three-quarters of all marine life and turned the planet into a phase of global cooling. Researchers from Harvard University made the discovery while studying ancient ocean sediments unearthed in Nevada. The sample of shale and limestone contained excessive compounds derived from chlorophyll, warning that over a period of just a few million years, the amount of these compounds increased approximately five-fold. They sucked so much CO2 out of the atmosphere that the planet was thrust into a virtual Ice Age. The idea of zero-emissions would create a major shift into global cooling.
Instead of seizing the economy and taxing everyone into non-existence, how about just requiring the construction of algae farms?
Armstrong Economics Blog/Canada
Re-Posted Oct 23, 2019 by Martin Armstrong
QUESTION: Hi Martin,
Recently you wrote: “Recently, this has manifested in laws that have attacked foreign investment in real estate, which is not the “hot” money that blew up the world in 1997. ”
I live in Vancouver where real estate prices are completely divorced from local wages. If it is not hot overseas money that is driving our real estate market then what is? Your analysis is appreciated as always.
ANSWER: It is foreign money pouring into Vancouver seeking to park in a world that is in economic and political chaos. This has been accelerated by the decline in the C$, which has made the prices appear cheap in other currencies. When you look at our Canadian Real Estate Index in terms of different currencies, you can see that it has been attracting capital. The problem is rather clear. Foreign capital buys the trophies. Others may raise the price of houses because they see the high-end rising, but it is not foreign capital that is bidding for the average home in general. The problem comes when they put in punitive laws that become permanent because of a trend based entirely upon currency.
Armstrong Economics Blog/Technology
Re-Posted Oct 23, 2019 by Martin Armstrong
According to the Guardian, the United States, United Kingdom, and Australia are looking to pressure Facebook to create a backdoor into its encrypted messaging apps. The governments, as always, want to access everything everyone says under the pretense of terrorism. However, once that is achieved, then it will be used for hunting taxes which they also declare is a criminal activity. Since Facebook bought WhatsApp, which is encrypted, they are looking to undermine the $16 billion they paid for WhatsApp as a secure messaging service.
For this very reason, our development of the Institutional Platform will allow clients to place their portfolios into the system and Socrates will run the analysis on all contents. However, your portfolio contents will remain on your internal system and we will have no access to see its contents to maintain privacy and security.
The crowd has realized that Senator Lindsey Graham is playing a role and has no intention to do anything to stop the malicious impeachment of President Trump. Last night Senator Rand Paul went on the record and called attention to Senator Graham’s duplicitous lack of action…. Oh dear, people are catching on.
To protect himself from the disinfecting sunlight of scrutiny, Senator Graham runs to the office of Sean Hannity for protection. Together they pitch the idea of a strongly worded letter as an action that might provide Graham some more time to hide and get away from the pesky spotlight…. Tonight, they sell it:
In the background Senator Graham knows a democrat Senator will oppose the resolution (it only takes one). Because the procedure for a single senator to bring a resolution vote to the Senate Chamber requires unanimous consent, the resolution can also be blocked by a single senator.
[Don’t disregard which outlet Graham is using to sell his plan, that too is by design.]
This strategy provides Senator Graham the optic of doing something, being blocked by democrats…. which he expects, and actually accomplishing nothing. That’s the plan; and it’ll probably work. Too many people are fooled by the Decepticon tricks.
…”We may have to modify our New Year plans”… LINK
Representative Elise Stefanik (R-New York) gives a good general perspective from a centrist, non ideological, politician. As a member of the House Permanent Select Committee on Intelligence (HPSCI) Stefanik is at the center of the impeachment efforts undertaken by HPSCI Chairman Adam Schiff.
Ms. Stefanik has had enough of the schemes and games and is publicly calling out Chairman Schiff for his manipulation of the impeachment process. This type of push-back is good, because Pelosi and Schiff’s crew are comfortable with the customary GOP push-back from McCarthy, Jordan, Meadows, Gaetz, Collins, Nunes etc. However, the Lawfare crowd is not prepared to deal with the optics of a more dangerous Stefanik.
White House manufacturing policy advisor Peter Navarro discusses the lack of action from Speaker Pelosi on ratification of the USMCA.
As CTH has outlined since the July 2019 alliance meeting between Pelosi and Canadian Prime Minister Justin Trudeau, the strongest likelihood is the House will table the ratification vote until after the 2020 election. It is a strategic political decision.
Here’s what is going on.
Trudeau’s government ideologues agreed not to call the USMCA up for a vote in the Canadian parliament.
Speaker Pelosi was waiting to see if Trudeau could would win re-election. With Canada re-electing Trudeau last night it paves the way for Pelosi to announce the labor provisions are not strong enough within the USMCA deal; discussions with the Trump administration are not resolving the issues; the U.S. workers are not protected enough, and she is tabling any vote.
Speaker Pelosi will then wait until after the 2020 election. The purpose is political.
Ratification of the USMCA would be a boost for the U.S, and North American, economy. More growth in the economy is politically adverse to her interests. Part of the 2020 Democrat strategy is to stall the U.S. economy, stoke a recession narrative, and hopefully weaken President Trump’s re-election bid. That’s the plan.
For Canada’s part of the scheme, Justin Trudeau will announce that Canada is waiting for the U.S to work out the USMCA labor disagreements. This is the quid-pro-quo between leftists in the democrat party and leftists in Canada.
Something might change in this dynamic, but it will take an ‘as-yet’ unknown action by President Trump to change the direction…
Representative John Ratcliffe appears with Martha MacCallum to discuss the ongoing closed-door testimony from officials upset about President Trump’s unorthodox approach to foreign policy.
Mr. Ratcliffe notes the purposeful leaks from Chairman Adam Schiff and his Lawfare staff to their aligned media scribes are intentionally false by design.
Boy howdy, this DOJ announcement is alarming on many levels. Imaad Zuberi, a 49-year-old resident of Arcadia, California, has agreed to plead guilty to a variety of illegal activities surrounding campaign contributions, political influence, and unregistered lobbying on behalf of foreign clients. Mr. Zuberi was under DOJ, FBI and IRS investigation since 2015(<= important aspect on the alarming part).
(Via DOJ) Federal prosecutors today filed a criminal case charging Imaad Shah Zuberi, a Southern California campaign fundraiser, with falsifying records to conceal his work as a foreign agent while lobbying high-level U.S. government officials. The criminal charges allege that Zuberi engaged in lobbying efforts that earned him millions of dollars, most of which was pilfered from his clients, and Zuberi has agreed to plead guilty to those charges at a later date, pursuant to a plea agreement.
[…] In addition to violating the Foreign Agents Registration Act (FARA), Zuberi is charged in a criminal information with tax evasion and making almost $1 million in illegal campaign contributions that included funneling money from foreign entities and individuals to influence U.S. elections.
[…] Zuberi, who operated a venture capital firm called Avenue Ventures, solicited foreign nationals and representatives of foreign governments with claims he could use his influence in Washington, D.C. to change United States foreign policy and create business opportunities for his clients and himself.
According to court documents, clients gave Zuberi money for consulting fees, to make investments, or to fund campaign contributions. As part of his efforts to influence public policy, Zuberi hired lobbyists, retained public relations professionals and made campaign contributions – which gave him access to high-level U.S. officials, some of whom took action in support of his clients. As evidence of his access and influence, Zuberi distributed to his clients photographs of himself discussing policy with elected officials.
While some U.S. officials were willing to take action on issues Zuberi put forward, most of Zuberi’s business efforts were unsuccessful and his clients suffered significant losses. Many of the lobbyists, public relations consultants, and other subcontractors also suffered losses when Zuberi refused to pay them, according to the information. Zuberi, on the other hand, became wealthy, primarily as the result of fraudulent representations about his background, influence, and the use of client funds, much of which constituted an “outright conversion of client money for defendant Zuberi’s own personal benefit,” the information states.
The information details dozens of illegal campaign contributions – including those paid by Zuberi using the names of other people, “conduit contributions” made by others that Zuberi reimbursed, and contributions to U.S. political campaigns that were financed by foreign entities and individuals.
The information further states that Zuberi accepted money from two foreign companies with promises that the funds would be used to contribute to political campaigns, but Zuberi took the vast majority of the money – more than $1.1 million – for his own personal use. (read more)
Here’s an additional alarming part. The DOJ and FBI were investigating Mr. Zuberi since 2014 and 2015, but for some reason the Obama administration never brought charges. One could argue Zuberi was just participating in a financial process that was business as usual for politicians in the swamp.
However, while the lack of charges against Zuberi, perhaps related to the contributions the Obama and Clinton teams were gaining, allowed Zuberi to continue his malicious effort; after Donald Trump won the 2016 election, Mr. Zuberi turned his influence efforts toward the incoming Trump administration:
What are the odds the lack of DOJ/FBI prosecution was part of an intentional design to let sketchy characters interact with incoming administration officials?