Monthly Archives: July 2017

Jul 29 2017

Paul Ryan Discusses GOP Tax Plans Against Backdrop of Failed Healthcare Reform….


Re-Posted from The Conservative Tree House on July 28, 2017 by

Speaker of The House Paul Ryan was interviewed by Maria Bartiromo on the current framework for the proposed Tax Reform legislation currently under construction in congressional committees.

Many of Ryan’s responses range the gambit from willful blindness (ex. how to fill the budgetary hole created by expanding medicaid; can’t see how to achieve 3% GDP growth, etc.) to outright opaque misinformation, claims congress decided to eliminate B.A.T. (they didn’t, Trump, Mnuchin, Ross did), on revenue.

It is always important to remember that Ryan’s points of advocacy all stem from the Wall Street’s lobbying complex on K-Street.  The epicenter of those interests is the crony capitalistic U.S. Chamber of Commerce (Tom Donohue).   Watch:

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CTH remains cautiously optimistic that Trump, Mnuchin, Cohn and Ross can defeat Ryan Inc on the larger tax reform issues.  However, CTH is not naive to the scope of the UniParty confrontation that will stem as an outcome.  You can hear it within Ryan’s words.

America voted for Trump’s agenda, not Ryan’s Corporate “Better Way” bulls**t !!

House Speaker Paul Ryan weighs in on health care reform and Republican efforts to govern. WATCH video #2

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House Speaker Paul Ryan says Republicans are working off of President Trump’s framework for tax reform. Watch Video #3

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Jul 29 2017

Winning with Precise Words: A guide to understanding Islam


Jul 27 2017 | by

It is very difficult to have the right thoughts if you don’t have the right words. Almost all of the words used in talking about Islam are subjective. What do words like moderate Islam and radical Islam actually mean? They are subjective terms. We need to use the objective names that are found in the doctrine of Islam.
The logic and correct naming must come from Allah and Mohammed, the Koran and the Sunna, the Trilogy. Just as there are two Korans, Meccan and Medinan, there are two kinds of Islam and Muslim. Instead of moderate Islam/Muslim, it is Meccan Islam/Meccan Islam. Instead of radical Islam/Muslim, the correct name is Medinan Islam. Don’t say terrorist, say jihadist.

Don’t get involved with Islam, the religion, only deal with political Islam, the Islam for Kafirs.

Jul 29 2017

Refugee Crisis Tearing Europe Apart


Armstrong Economics Blog/Refugees

Re-Posted Jul 29, 2017 by Martin Armstrong

The European Commission is close to triggering Article 7 on Poland for refusing to accept refugees. Article 7 is called the “nuclear option” that denies a member the right to vote.  The Commission is reported to be preparing infringement proceedings against Warsaw for breaching EU law over its plans to bring the judiciary under government control. Under EU law, the Commission may determine that there is a risk of a serious breach if a member goes against the directive of the EU. Poland should simply exit the EU. Italy is drowning in refugees and it is likely to bankrupt that country.

The entire secret agenda is about the Pension Crisis. The low birthrates in Europe have made politicians assume that the refugees can be put to work to pay taxes to bailout the pensions. Yet in the process, they are indeed changing the culture of Europe.

Meanwhile, the terrorist attacks continue. On Friday, a failed refugee lacking documentation began stabbing people in a supermarket on Friday in Hamburg yelling ‘Allahu Akbar’ injuring six people before he was tackled by people present. The worst cities are Brussels and Paris and Frankfurt, which used to be very clean, is showing garbage just thrown around in the park by the Euro symbol. London is very booming with tourists still and many European friends who use to go to Greece for holidays switched to Portugal, USA, or Canary Islands.

Categories: Refugees
Jul 29 2017

Russian Sanctions – The Start of World War III?


Armstrong Economics Blog/Russia

Re-Posted Jul 29, 2017 by Martin Armstrong

The Russian sanctions being pushed by Congress demonstrate the most unprofessional comprehension of how to manage an economy I have ever seen. These sanctions are effectively economic war and will find that Europe will be forced to side with Russia.

This is all because of the press like CNN to get ratings they are indeed laying the seeds of war driving the polls to 70% of Americans see Russia as an enemy when in fact the USA interferes in foreign elections all the time. CNN, New York Times, and the Washington Post will be responsible for creating World War III just as Pulitzer and Hearst were responsible for creating the Spanish-American war over fake news. The Fairness Doctrine needs to be restored ASAP and applied to newspapers as well as radio and TV.

Jul 28 2017

The Tensions Between France & Germany


Armstrong Economics Blog/War

Re-Posted Jul 28, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; You commented briefly when you stepped off the stage at the door that the likelihood of war between France and Germany would rise again but not until 2032. Might you elaborate on that for a moment please.

KD

ANSWER: In modern times, there have been three times that war between France and Germany have erupted – 1870, 1914, and 1940. These were as follows:

  • The 1870 Franco-Prussian War, Prussians invaded France when tensions rose Prussia’s influence in central Europe.
  • The 1905 there was the Schlieffen Plan (German Empire’s plan for a two-front war against France and Russia).
  • The 1914 Battle of the Marne, the Schlieffen Plan  implemented at the outset of World War I.
  • The May 1940 Battle of France, Nazi Germany’s invasion of the Ardennes and the Low countries.

The cyclical forces of this conflict is building once again but it is not likely to reach a peak until 2032. The risk of war on this level will increase after 2032 and this may have more of a connection to the refugee crisis than anyone suspects. Keep in mind that Southern Germany still celebrates its war with Prussia as well.

Jul 28 2017

The Phillips Curve No Longer Works


Armstrong Economics Blog/Economics

Re-Posted Jul 28, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; Thank you for coming to Frankfurt. Nobody gets that big of an audience here ever. What you illustrate with the three faces of inflation means that the Philips Curve no longer functions. Was this something like Kondratieff’s Wave that it was based upon a period that is outdated?

Thank you once again. I hope you do more of these type events.

BC

ANSWER: Yes. The Phillips curve is a graph describing the relationship between wage changes and price level changes on the one hand and the unemployment rate on the other.  The basic assumption was a fixed exchange rate so there was no issue of currency inflation. The Phillips curve was published in 1958 by the English statistician and economist Alban William Housego Phillips in the magazine Economica. It has been modified several times since. Paul A. Samuelson and Robert Merton Solow in 1960 expanded the Phillips curve. They created a link between unemployment and the change in the inflation rate but this was again under Bretton Woods and a fixed exchange rate system. The Phillips curve  assumptions are simply irrelevant today and yet central banks have continued to try to manipulate society based upon these antiquated theories. Every assumption they make to manage the economy is dead wrong right down to the Quantity of Money Theory

Jul 28 2017

The Month-End Closing for July 2017


Armstrong Economics Blog/Economics

Re-Posted Jul 28, 2017 by Martin Armstrong

The dollar correction for this Year from Political Hell is still in motion, but there is no major change in trend that is at hand. In the British pound, the Monthly Bullish Reversal stands at 13485 level on cash.  In the Euro, the Monthly Bullish remains up at 12885 with a Minor Monthly Bullish at 12570. In the Canadian dollar futures the Monthly Bullish stands at 88360 with a Minor Monthly Bullish at 80040.

In gold, the number has not change and is still 1362. We have a Minor Monthly Bullish at 1358. In Silver the Monthly Bullish remains at 2310 with a Minor Monthly Bullish at 2024.

In the Dow, support lies at 2099400 and only a monthly closing beneath that would signal a short-term correction is at hand of any importance. Meanwhile, our key resistance level remains intact at the 23000 level. Despite the reactionary rally in the Euro, the European share markets are in a bit of trouble. The high in the DAX took place on June 20th, 2017 at 1295154. Here we have already elected two Weekly Bearish Reversals and we look to 1185000 as the next critical weekly level for any support. On the monthly level, the DAX did an Outside Reversal to the Downside on a monthly level leaving the May target as indeed the highest monthly closing. This warns that the critical support lies at 1147975 on a monthly closing basis.

This Year from Political Hell has actually been extended probably into February 2018. The Italian elections should have come in during this September. However, if they took place then, the MPs who were elected would not be eligible for their pensions for the timing would be too short. Therefore, the elections will most likely be extended into February. It will be Italy that could still break with the Euro. The Italians do not share the same concerns about preventing European war as is the case in France and Germany. The Italians have been on both sides whereas the fight has been three times in a row between Germany and France. The Italians are more along the lines of what are you doing for me lately. The Greeks may have just given up all hope of breaking away right now and will have to suffer even more before they rise up. What may bring Greece to its knees is actually the Refugee Crisis. Where Greece was the popular spot for vacations for the Northern Europeans, because of the refugees the hot spot has shifted to Portugal. Greece needs tourism and so does Italy. In both cases, the refugees are deterring tourism which both countries need desperately.

The Monetary Crisis still seems ready for its turn, but most likely following the first quarter 2018. We intend to update the Monetary Crisis Cycle report in the months ahead.

Jul 27 2017

REPORT: FBI General Counsel James A Baker Under DOJ Investigation for Leaking…


RE-Posted from The Conservative Tree House on July 27, 2017 by

Consider this report with a measured amount of cynicism.  Based on all historic references this could easily be just another example of well presented flak and countermeasures meant to protect the swamp, protect the Deep State, and feed a **distracting narrative.

WASHINGTON – FBI General Counsel James A. Baker is purportedly under a Department of Justice criminal investigation for allegedly leaking classified national security information to the media, according to multiple government officials close to the probe who spoke with Circa on the condition of anonymity.

[…] Three sources, with knowledge of the apparent investigation, told Circa that Baker is the top suspect in an ongoing leak investigation, but Circa has not been able to confirm the details of what national security information or material was allegedly leaked.

A federal law enforcement official with knowledge of ongoing internal investigations in the bureau told Circa, “the bureau is scouring for leakers and there’s been a lot of investigations.”

The revelation comes as the Trump administration has ramped up efforts to contain leaks both within the White House and within its own national security apparatus.

Baker is a close confidant of former FBI Director James Comey, and recent media reports suggested he was reportedly advising the then-FBI director on legal matters following private meetings the former director had in February with President Trump in the Oval Office.

Baker was appointed to the FBI’s general counsel by Comey in 2014. (read more)

**The controlled source of the report, Circa, amplifies the possibility this could be simply a distraction intended to deflect criticism from the non-activity of the current DOJ head Jeff Sessions.  Remember, those who live in the swamp, and those whose financial livelihoods are determined by the activity in/around/discussing the swamp, have a vested interest to defend the swamp status quo.  There are trillions of dollars at stake.

 

Jul 27 2017

Chernobyl and Bikini Atoll Are Rewriting Science


Armstrong Economics Blog/Nature

Re-Posted Jul 27, 2017 by Martin Armstrong

Bikini Atoll 70 years after nuclear tests is thriving. On July 24, 1946 Baker Test shrouded its formidable height over the U.S. Navy’s test fleet. The United States dropped 23 nuclear bombs on the island, including a device in 1954 that was 1,100-times larger than the Hiroshima atom bomb. Now a team of scientists from Stanford University have been stunned. They discovered an abundance of marine life apparently thriving in the crater of Bikini Atoll, which was declared a nuclear wasteland after the bombings.

Strangely enough, the same has been found at Chernobyl in Ukraine. It is starting to emerge that even setting off every nuclear bomb will not destroy the planet or turn Earth into space rocks. We can alter our environment by doing so and ridding the planet of humanity as the dominant species, but Earth will heal itself and life will adopt exactly as scientists have discovered in Ukraine at the site of Chernobyl. Wildlife has thrived because it sent humans running.

This new evidence emerging from Chernobyl and Bikini Atoll is demonstrating that we just may not be as smart as we think we are no less all powerful

Jul 27 2017

The Refugee Crisis is now Causing Migration of Youth to America


Armstrong Economics Blog/Italy

Re-Posted Jul 27, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; I read your report that the politicians we have here in Europe think they need these refugees to pay future pensions. I read that the IMF has also confirmed your reporting. I understand you also meet with government. Do they ever listen to you that they are destroying our countries here in Europe with high unemployment so the youth are leaving migrating abroad to find work and then all these refugees are supposed to help Europe when our own children are forced to leave. I do not understand how the elite in Brussels cannot see what they are doing to Europe. Will then ever listen to you?

ANSWER: No. Government will never change course until they are confronted with the crisis. This is the same worldwide. So it is not unusual. They will never change course and admit what they have done is seriously changing the history and culture of Europe just as the barbarians that took over Rome destroyed Roman values and culture. You are correct this view that they need the refugees to save socialism is indeed in a paper of the IMF. You are also correct that the youth in Italy are looking to migrate to America in particular hoping for careers and a future that they do not see in Europe.

The barbarians eventually seized control of the army and once that took place, their leader Ricimer began to put puppet emperors on the throne starting with Majorian (457-461 AD) who he later arrested, tortured, and then beheaded installing the next more docile puppet emperor Severus III (461-465 AD). Ricimer kept a series of puppet emperors in place because he was not a patrician worthy of the Roman throne.

RomulusAug-AU2

Interesting, serious bear markets decline for 19 years as did gold from 1980 to 1999. The final fall of Rome was also 19 years from the first puppet emperor in 457 until the last to hold the throne – Romulus Augustus in 476AD.

They say when Rome fell, the people were still laughing. They did not pay attention to the trend that was unfolding just as many cannot see the trend today. This is just part of the process and it is an invasion and takeover, not an assimilation of people.