Monthly Archives: October 2016

Oct 6 2016

Clinton Campaign Caught Using Child Actor in Staged/Scripted Pennsylvania Town Hall…


Its nice that this practice has been exposed but to anyone with a brain its been obvious that all these events and town hall meeting are rigged. I gone to sustainability presentations and they are 100% scripted, i.e. the last question in a spot where questions are allowed in followed by a statement I’m glad you asked then it was our next subject and sure enough the next side answers that question. What are the chances that that would happen for every Q&A break in a two hour presentation?

Oct 6 2016

The Coming Cashless Society & Automatic Driving Car Age


Armstrong Economics Blog

Re-Posted Oct 6, 2016 by Martin Armstrong

credit-cards

COMMENT:

Martin –

I wanted to let you know that I stopped at a Jimmy John’s today and they wouldn’t allow me to use cash.
They had no drawer or physical money on the premises. It was either chip card or no sandwich. They claimed it was their first store in the nation to go cashless.
So, bravo for highlighting this trend. I have a feeling that the next generation of American tax payers might not even know what Federal Reserve notes or nickel and copper coins are even for.

JB

REPLY: I kept a 2011 BMW 535i as long as I could because it was a manual drive. I went to a place for dinner where they had a valet to park cars, but the valet did not know how to drive manual. That happened a couple of time. I then pulled into a car wash. Again, they had to call the cashier who was a woman, perhaps in her 50s, to drive the car. The youth already do not know how to drive a stick shift. Very dramatic.

We now have cars that are starting to drive themselves. Can you image a two-year-old today growing up and asking, “Wow. You used to drive a car? How was that?”

We are advancing. There will be no physical money any more than there will be manual cars or cars you drive. Things are changing. The greatest risk to small business is people stealing from them. Eliminate cash and you do not have to worry about employees taking the cash.

Oct 6 2016

The Shift in the Financial Capitol of the World


Armstrong Economics Blog

Re=Posted Oct 6, 2016 by Martin Armstrong

WorldEconomy

QUESTION: Hi Martin
I am a follower of your blog.
I have a question on your post “Financial Capital of the World & Its Migration” dated 30th sep 2016.
I was looking at the graph where Y-axis indicates the scale of Economic Progress (in terms of % of world GDP) against time on X-axis.
The decline of China and India have been like a jump off the cliff. Why is it that it is not so in case of Europe?
I am guessing some component of your model is able to hold it up .Could you pls explain.
Again many thanks for your education.
AB

1715-fleetcobset

ANSWER: The reason for this is that we have treated Europe as a whole. The devil is always in the detail. The beginnings of the Portuguese Empire can be traced to July 25, 1415, when the Portuguese Armada set sail for the rich Islamic trading center of Ceuta in North Africa. The economy of Portugal was centered in trade, raw materials, and related activities within its vast colonial possessions, mainly in Asia (spices, silk, dyes, porcelain and gems), Africa (ivory, timber, oil and diamonds), and South America (sugar cane, dyes, woods and gold). The country, with a transcontinental empire with plenty of natural resources and vast unexploited areas, was among the most powerful nations in the world. Spain really became a country only in 1492 with the merger of two crowns by the marriage of Ferdinand and Isabella.

From 1580 to 1640, the crown of Spain was also the ruler of the Portuguese Empire and its wealth. This was accomplished through a dynastic union referred to as the Iberian Union. The Iberian Union opened to both countries a worldwide span of control. Portugal dominated the African and Asian coasts surrounding the Indian Ocean, while Spain held the Pacific Ocean and both sides of Central and South America. Therefore, Spain then displaced Portugal as the financial capitol of the world.

Wisselbank

The Spanish Inquisition led to the flight of the Jews to the Netherlands. They took with them the accounting and trading skills. This is why Amsterdam became the financial capitol of the world, equipped with the first bank as well as insurance. This is where the modern financial markets actually began to take shape.

wm-iii-recoinage-1696

The English Civil War and the hatred of the Pope and Catholics led them to invite William of Orange to become King of England. He brought the Dutch way of doing finance to Britain in 1688, and that began the process of shifting the capitol to London. That lasted until 1914, when it passed to the United States following World War I.

Oct 6 2016

SEC Administrative Law Courts are Unconstitutional


Armstrong Economics Blog

Re-Posted Oct 6, 2016 by Martin Armstrong

judge-leigh-martin-may

The U.S. federal courts do whatever they possibly can to avoid real issues to maintain powers that are clearly unconstitutional. I reported last year when Judge Leigh Martin May struck down a SEC order on this challenge back in June 2015. Now on September 15, 2016, the 11th Circuit Court of Appeals has dismissed it, claiming that such a challenge must FIRST be made in the administrative court that is not constitutional to begin with. An administrative law judge does not even have to be a lawyer. They can be someone’s mistress, brother-in-law, or someone who promised some favor. They are not appointed by the president and they do not go through hearing in Congress. They can degree fines and strip you of all rights to effectively live, but the only consolation is they cannot imprison someone. They can fine you into bankruptcy and destroy your entire family financially, but hey, so can a local policeman using civil asset forfeiture.

This ruling demonstrates that there is no rule of law. They can spin you in circles, and unless you are a multi-millionaire, you will never get to the Supreme Court and they know that. The object of federal courts is always to sustain government power to PREVENT anyone from actually using the constitution to defend themselves. In this case, it took one year just for the 11th Circuit to figure a way out of having to rule on the issue, which is the standard way of ruling — avoid the issue whenever possible. It would have taken them at least a few years to get through the SEC — a year to get into the district court, another year for an appeal, and then a year for the Supreme Court who would rule they are too busy so they need not fulfill the Constitution.

Article III of the U.S. Constitution does not authorize administrative law courts. It does not even require federal courts. The “judicial power” is exclusively vested in the Supreme Court ONLY!!!!!!! It merely authorizes Congress may create federal courts if it desires.

Article III
Section 1.

The judicial power of the United States, shall be vested in one Supreme Court, and in such inferior courts as the Congress may from time to time ordain and establish. The judges, both of the supreme and inferior courts, shall hold their offices during good behaviour, and shall, at stated times, receive for their services, a compensation, which shall not be diminished during their continuance in office.

The mere fact that the Supreme Court has claimed it can pick and choose what it wants to hear is  COMPLETELY UNCONSTITUTIONAL. There is no discretionary power granted by the Constitution to the Supreme Court — NONE!  As a result, there can be no rule of law if there is no  ABSOLUTE right to be heard by the ONLY court that the Founding Fathers created. This is why I decided I did not want to be a lawyer. It was all a farce. I would have been in Washington, pounding on the door until they explained how they stripped all citizens of the right to be heard. They stole all of our rights and then demanded we call them honorable.