Monthly Archives: June 2018

Jun 1 2018

Head of Spain Ousted on Corruption – The Man who Sent in Troops to Catalonia


Armstrong Economics Blog/Corruption

Re-Posted Jun 1, 2018 by Martin Armstrong

The head of Spain, Spanish Prime Minister Mariano Rajoy, who sent in troops against Catalonia has been one of the most corrupt politicians in modern time.  At last, he has been overthrown by Parliament after an unprecedented corruption scandal in Madrid. Now we are introducing political uncertainty in Spain, Italy, and Greece will soon follow. In Spain, a broad party alliance emerged based on the vote of no confidence of the Social Democratic PSOE against Rajoy of the conservative People’s Party (PP). The motion was supported by 180 MPs, requiring at least 176 votes. This is PSOE boss Pedro Sanchez who is the new head of government. He is expected to be commissioned by the king to form a new government quickly. Those who have supported the no-confidence vote included the leftist party Podemos and two separatist parties from Catalonia.

Rajoy simply gave up for his support vanished before the vote. Corruption is fine until it is exposed. Rajoy came to office back in December 2011 and led a conservative minority government since 2016. The PSOE head came out and proclaimed: “Today we are opening a new chapter in the history of democracy in our country.” He is a former economics professor.

The corruption scandal has involved 29 defendants, including former PP leadership cadres, who were sentenced to 351 years in prison for corruption, embezzlement, money laundering and illegal enrichment. Corruption among politicians is just off the charts. Obama’s longtime fundraiser Antoin “Tony” Rezko was convicted on federal fraud and money laundering charges, and anyone else would have been brought up on conspiracy if they were no Obama. On the same day, the Obamas closed on their house, Rezko’s wife, Rita Rezko, bought a vacant lot next door from the same seller, at the full asking price of $625,000 so Obama got a deal on the house. Later, Rezko sold the lot to Obama for $300.000. Obama said he paid fair market value for the property decline. By more than 50%. Of course, the press and the police look the other way when anyone else would call it outright corruption.

Welcome to the real world where corruption is just off the charts everywhere!

Jun 1 2018

Questions about Sharia for Candidates


Muslims are running for political office. We have the perfect forum for asking well crafted questions about Sharia.

They may say that Sharia is just a religious concept or that there are parts of Sharia they don’t practice. However, only part of Sharia is about how to practice Islam. But it is not enough to reject a particular part of Sharia. All of Sharia is based on the Koran and the Sunna of Mohammed. If you reject Sharia you must also reject the underlying Koran and Sunna. We must ask for the person to condemn and abjure the Koran and Sunna that support the rejected Sharia.

Take wife beating as an example. Wife beating is part of the Koran (4:34) and the Sunna. We must ask a Muslim not only to reject wife beating, but to condemn and abjure the Koran and Sunna that support the Sharia doctrine. In short, the Koran and the Sunna about wife beating is wrong.

The election season is upon us. We must use the political race as a golden opportunity to educate the voting public about Sharia and how to reject it.

Jun 1 2018

Florida Hurricanes & Yes I ran a Model


Armstrong Economics Blog/Nature

Re-Posted Jun 1, 2018 by Martin Armstrong

QUESTION: Mr. Armstrong; Did you run a model on Florida hurricanes before you moved there?

KE

ANSWER: Of course. First of all, I chose Tampa area because it is the least impacted area. The local joke here is that the people say the Indian gods protect the area. This is where the Seminole Indians set up. They apparently also figured out this was the least impacted area. Nevertheless, I also ran models on tropical storms and hurricanes for Florida as a whole. The data I found went back to 1851. There have been 53 hurricanes since then into 2017. Divide that out to see what the average is and you get 3.132. Pretty close to Pi. This is just hurricanes excluding the lesser tropical storms.

If I include the 200 tropical storms since 1851 into 2017, the average comes out to about half Pi – 1.524. Then you filer it all out with volatility and intensity, as we should be going into a period of more storms per year into 2020.

There will always be earthquakes, volcanoes, storms and all sorts of disasters around the world. Most of us will not be personally injured by such events. However, knowing where they take place more commonly allows you to avoid higher probabilities. So Tampa was simply far better than Miami, which is sinking gradually anyway and the traffic is way too much. I figured I would spend 20% of the balance of my life in traffic jams. No thanks! So disclosing the risks enables us to prepare wisely. It also interesting to see nature at its cyclical bes

Jun 1 2018

Deutsche Bank Formally Classified as a Problem Bank


Armstrong Economics Blog/Banking Crisis

Re-Posted Jun 1, 2018 by Martin Armstrong

 

Deutsche Bank has now been classified as a problem bank by FDIC and has been included in a list of banks to be watched. This is the biggest bank in Europe. It cannot be merged within Germany with Commerce Bank for there is just not enough equity to overcome the derivative losses. The only other candidate is BNP, but that is a French bank. This is where the fairytale of Euroland ends. They wanted to create a single currency, but they were unwilling to actually merge the economies. This is why our sources in Italy argue they are now an occupied country. They are dictated to but and request for help is rejected. This is what the “remain” crowd argue for against BREXIT?

A merger of BNP with Deutsche Bank would mean Germany is subservient to France. That is not “politically” acceptable. The entire “BAIL-IN” scheme was NOT because the government wanted to hold banks “responsible” but because a bailout of banks in one country would be seen as a transfer of money from one country to another. This exposes why the Euro is in serious trouble. There is ONLY the idea of a single currency and then Brussels will dictate what everyone else must do, but Brussels refuses to take responsibility for the debt and banking system of all of Europe.

From the very beginning when the committee in charge of creating the Euro came to our WEC in London, I warned that (1) there would be no single interest rate, and (2) without a debt-consolidation, the Euro would NEVER compete with the dollar and ultimately fail. The success of the USA was primarily (1) a single language, and (2) Alexander Hamilton consolidated all the debts of the member states making it the national debt federally. ONLY federal debt is at reserve status. Whatever California does is on them. Their bankruptcy does not threaten the entire country or the status of the dollar. California is no different from Bangladesh who also can issue debt in dollars. This proves the issue is NOT a single currency. The issue is the STRUCTURE!

In the EU, because the debts were never consolidated, then the failure of one brings down the whole because each member state is RESERVE status. The 50 states and municipalities in the USA can issue whatever debt they want in dollars and their status economically is no different than Bangladesh, Brazil, of Beruit issuing its debt in dollars.

There is the EURO CRISIS as Brussels has tried to be half-pregnant. That is why the Euro is doomed! It is STRUCTURE one for all (sometimes to a point) but one can take down all

Jun 1 2018

President Trump Responds to Earlier Comments From Canadian Prime Minister Justin Trudeau…


Re-Posted from The Conservative Tree House on May 31, 2018 by

Grab your winnamins and hide the Ju-Ju bones. I thought this was going to be an issue when Prime Minister Trudeau publicly told reporters the content of a private conversation between Vice-President Mike Pence and himself.  With incredibly bad diplomatic form, Justin from Canada has not only cemented the Steel and Aluminum tariffs as permanent – but Trudeau has likely destroyed any hope of the U.S. remaining in NAFTA.

The White House has delivered a statement to the media, with a request to ensure authorship is directly and personally cited from President Donald J Trump:

The United States has been taken advantage of for many decades on trade. Those days are over. Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United States will agree to a fair deal, or there will be no deal at all. (link)

For those unfamiliar; this is about as close to an ultimatum as President Donald Trump generally delivers to his adversaries.   Look back on his history and you’ll note rarely does Donald J Trump deliver ‘either this / or that’ approaches; it’s just not his style…. He doesn’t bluff.  However, when Trump has decided to walk away from a deal, any deal, he delivers the “either/or” right before walking to the door.  The final terms hang in the air providing the opposition with a few fleeting moments to reflect prior to exit.

Once DJT exits the room, no deal. Even if the counter-party chases him down the hall with full agreement of terms; doesn’t matter.  Once Trump exits, it’s done. Over.

During his public remarks earlier today, Prime Minister Trudeau said a DC meeting with President Trump didn’t occur earlier this week because Vice President Mike Pence told the prime minister if they were going to discuss saving NAFTA he must allow a five-year sunset clause to be included in the trade agreement in order for the meeting to even happen. Trudeau called the condition “completely unacceptable” and didn’t go to DC.

NAFTA is as close to dead as it has ever been.

Need more winnamins.

Consumer Alert: Currently unlawful to dispense, in Canada.

Jun 1 2018

Details Behind Upcoming IG Report – The FBI and DOJ Handling of Clinton Investigation – Six Part Video Report…


Re-Posted from The Conservative Tree House on May 31, 2018 by

The 17-month Inspector General review of the DOJ/FBI investigation of the Hillary Clinton email is soon to be made public, perhaps as early as tomorrow. This IG inquiry is specifically looking into whether the FBI investigation was corrupted by political influence in their determination of the Clinton outcome. The preliminary investigative outcomes speak for themselves.

This series of video reports provides background on the potential crimes, the subsequent coverup, and the corruption that infested the 2016 Department of Justice and the FBI.

Part I

Part II

Part III

Part IV

Part V

.

The video below is the final installment of six segments. This report covers the Clinton and Abedin email that were discovered after the investigation was closed in July 2016. {Go Deep} The emails along with the fact that they were on Anthony Weiner’s laptop was kept secret and not investigated for four weeks (Sept 28th, through Oct 27th) by top officials at the FBI. Who stalled the investigation and why? And what was in those emails. That’s the focus of this segment.

Part VI

.

Jun 1 2018

Representative Ron DeSantis Deconstructs Decepticon Trey Gowdy…


Re-Posted from The Conservative Tree House on May 31, 2018 by

Earlier today candidate for Florida Republican Governor, Ron DeSantis, appeared on Fox Morning broadcast to deconstruct the ridiculous claims of decepticon Trey Gowdy.

.

 

Jun 1 2018

President Trump Pardons Dinesh D’Souza…


Re-Posted from The Conservative Tree House on May 31, 2018 by

WHITE HOUSE –  Today, President Donald J. Trump issued an Executive Grant of Clemency (Full Pardon) to Dinesh D’Souza, an accomplished author, lecturer, and scholar.

Mr. D’Souza was, in the President’s opinion, a victim of selective prosecution for violations of campaign finance laws. Mr. D’Souza accepted responsibility for his actions, and also completed community service by teaching English to citizens and immigrants seeking citizenship.

In light of these facts, the President has determined that Mr. D’Souza is fully worthy of this pardon.(link)