Inflation Nation

Posted originally on MAY 12, 2021 AT 10:08 AM

A trillion dollars here and a trillion dollars there and pretty soon such spending adds up to serious money.

In America we have a national debt well over $20 trillion. By 2030 it will be nearly $90 trillion. Our current unfunded liabilities tops $149 trillion. Biden has distributed trillions of dollars to compensate for lost jobs when small businesses were destroyed during the lockdowns. Congress routinely spends trillions of dollars on pork and they won’t tighten belts any time soon.

The Fed’s solution is always the same. Print more dollars. A problem occurs with that. It’s not like printing Weimar or Zimbabwe money backed by nothing. We have not a fiat dollar, but a debt-based dollar. That means it must be paid back with interest. That’s impossible because the public is not allowed to have a printing press. Counterfeiting is against the law. Only the private central bankers can print and the more they print the more debt is owed to them and those who buy government bonds. Workers pay taxes on their labor to pay interest on the debt, but the principle can never be paid back. We’ve long passed the point of no return on that possibility.

Essentially we have become tax slaves to the entities who have indebted us. People slave away for a rotten, immoral system of money for nearly a third of the year while the ultra rich have tax shelters. Global corporations pay little or no taxes. It’s always the little guy who gets punished. It’s a rich man’s game and they’ve shackled our country with debt money.

Inflation is getting worse. Food prices are skyrocketing along with home and rent prices. Gas prices are rising. Big government won’t halt their profligate spending, but the little guy will be forced cut back. No wonder many aren’t returning to low-paying jobs. Wages are not keeping up with inflation and if one has a choice between making money from a government dole or working for the same amount, they will choose idleness every time. Biden doesn’t seem to understand this.

We won’t see people pushing wheelbarrows full of money about any time soon. Weimar Germany had a law that stated wages needed to remain commensurate with the inflation rate, which soon rose exponentially. In America the debt dollar will prevent wheelbarrow cash, but people will get poorer regardless. It’s a good idea to have some precious metal as well as long-term storable food at this time.

Frederick Bastiat once said, “Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.” People need to give up the notion of government redistribution of wealth. That socialist road leads to a dead end. Human beings are not equal and can’t be made equal without absolute totalitarianism. Forced equality by means of socialism always leads to ghastly suffering. It’s time to end our dependency on government. It’s time to end the Federal Reserve and return to sound money based on precious metal.

—Ben Garrison

Biden Keeps Border Closed with Canada but not Mexico?

Armstrong Economics Blog/Canada Re-Posted May 13, 2021 by Martin Armstrong

While there are many who fear Biden’s mental capacity, my greatest concern is who is really running the nation? Under Bush, Jr., the president was Dick Cheney, and thank God the Republicans ousted  Liz Cheney. The way politics has evolved, those in charge are never seen. It’s like the European Commission hiding in the shadows but pulling the strings.

Biden is keeping the Canadian border closed while keeping the Mexican border open. The scuttlebutt I get from Washington is to allow the Mexicans to flood the Southern Republican states to further their Socialist takeover of the country and plan to allow illegal aliens to vote, which they assume will be for Democrats.

Additionally, Trudeau is the puppet of the World Economic Forum, and he endorses everything Schwab says. Canada, they hope, will become the poster-child for the Great Reset that the Democrats will point to in 2022. So crushing the Canadian economy may have greater importance than what Trudeau is doing to his own people.

US on the Brink of Civil War?

Armstrong Economics Blog/Revolution Re-Posted May 13, 2021 by Martin Armstrong

2021 US Open Letter from Retired Generals and Adm

Indeed, I have been warning that our models have been pointing to tremendous civil unrest which will eventually lead to the break-up of the United States post-2024 and the war this Great Reset unleashes upon the world. People like Bill Gates and Klaus Schwab are as dangerous to humanity as Adolf Hitler, Stalin, or Lenin. They only see their dream and fail to understand that the world is split 50/50 on this idea of Marxism and we are not their toy things to play with.

More than 120 retired U.S. generals and admirals have now signed an open letter warning that the United States is embroiled in a major confrontation between freedom and Marxism. They wrote:

“We are in a fight for our survival as a Constitutional Republic like no other time since our founding in 1776. The conflict is between supporters of Socialism and Marxism vs. supporters of Constitutional freedom and liberty.”

Back in the 1980s, I was requested permission back then to teach the Economic Confidence Model (ECM) at the Citadel military school. It was then was I first realized that people were listening to the cyclical nature of war and how it was linked to the economy. The ECM was being taught in philosophy class. That is when I was compared to Hegel. I had seen myself as a simple trader. I was being summoned by politicians, military theorists, and even Milton Friedman who came to listen to me deliver a speech in Chicago. I supposed that is how most of the greatest discoveries in society take place – by accident. I certainly never aspired to be a military strategist nor an economist. What I ended up being confronted by was how the ECM was being seen by many in different fields.

Indeed, I was listening to a lecture by Sallie Baliunas and what she discovered from the ice core samples obtained from the North Pole. She revealed that there was a 300-year cycle to the energy output of the sun which appeared in the ice core data. When I look at the cycle she revealed, I was stunned. It matched the 309.6-year cycle of the ECM. What I had discovered from the historical record of the rise and fall of nations that followed the ECM, suddenly I was confronted with at least part of the explanation – climate change.

Interestingly it was  October 7th, 1763 when George III issued a British Royal Proclamation of 1763, closing aboriginal lands in North America north and west of Alleghenies to white settlements. This was the start of the confrontation that would eventually lead to the Revolution 13 years later. This also marked the Financial Panic of 1763 which was the collapse in commodity prices. George III had succeeded his grandfather, George II, to the throne of Great Britain on October 25, 1760. The king’s new advisors re-evaluated Britain’s trade policies with the colonies. For over one hundred years, Great Britain had regulated colonial trade with a number
of navigation and trade laws, but they were not really enforced. The substantial increase in the size of the British Navy during the war with France gave the British government the strength to now combat colonial
smuggling and enforce trade laws more effectively after 1760.

To crackdown on smuggling in the American colonies, the British government also increasingly began to use Writs of Assistance. A type of search warrant that inspired the 4th Amendment because these writs authorized government officials to look for contraband, such as smuggled goods, in private homes and businesses at random. The writs also placed no limits on the time, place, or manner of a search. In 1761, sixty-three Boston merchants challenged the legality of the process. James Otis, Jr., an attorney who had formerly represented the royal government, argued the case for the merchants. Though they lost their case, the surrounding publicity fueled anger within the merchant classes of Boston against the British government. John Adams was there listening to the argument of James Otis. He remarked that there and then the revolution was born.

Ironically, our model on the prospects for the rise in a civil war in the United States turned upward in December 2019 when COVID was released. This should erupt within three years of that turning point which will be 2022. That is not to say there will be a civil war at that time, but the confrontation will rise up and start to take shape in 2022. Traditionally, the revolution will erupt 13 years after that turning point which ironically brings us precisely to 2032.

Magnets Cling to Where People are Vaccinated

Armstrong Economics Blog/Disease Re-Posted May 13, 2021 by Martin Armstrong

The latest thing going viral is that people who accepted the vaccination are finding that for some weird reason, magnets stick to their arm where they got the shot. This is leading many people to believe that Gates’ microchips are being implanted. This is going viral in and of itself. Others keep swearing there are no chips. If they are changing your DNA, does that mean your DNA is now patented to the Gates’ pharmaceutical monopoly? They can already find you with your phone. I suppose if you use a burner phone, then the chip would be the answer. Now, the CDC, without long-term studies, has authorized vaccinating teenagers.

Clearly, politicians NEVER tell the truth. Government is in bed with the vaccine companies, and the media has abandoned independence. If there are chips being implanted and any doctor provides such evidence, he will be taken off of YouTube and canceled by BigTech.

The problem that emerges is simply we have no idea what the truth is in the matter. They will not address this matter, but they will call it a conspiracy theory.

Jerusalem Under Attack

Armstrong Economics Blog/Israel Re-Posted May 12, 2021 by Martin Armstrong

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The greatest risk here besides the report I am getting from readers in Jerusalem in bunkers right now is that these rockets destroy a holy site be it the Temple Mount or the Church of Bethlehem inside is Calvary and the tomb of Jesus.

There are religious sites in this city which is claimed by all faiths and in that sense, it makes Jerusalem one of the most critical locations on the planet.

Jerusalem – It’s Biden’s Fault!

Armstrong Economics Blog/Middle East Re-Posted May 12, 2021 by Martin Armstrong

QUESTION: Why all of a sudden with your date May 8, rockets are landing in Jerusalem?


ANSWER: This was caused by the Biden Administration for they assumed that whatever Trump did must be reversed. They believed in their own propaganda. Before the first rocket was fired, if you go back to February, the Biden Administration lifted the designation of the Iranian-backed Houthis in Yemen as a global terrorist organization. Why? Probably just to reverse whatever Trump did. Instead of reducing violence in Yemen and against Saudi Arabia, but it has produced the exact opposite result.

You have to look at this in basic human interpretation. I have stated many times that once the Persians captured Valerian I in 260AD, that inspired the Germanic barbarian tribes in the north to invade. The Goths made it all the way to Milan in northern Italy. The subsequent emperor Aurelian (270-275AD) built for the first time massive defensive walls around the city of Rome.

Now, Biden lifting the designation of a “terrorist organization” meant all sanctions were lifted. This meant they could do whatever they wanted. Exactly the same response that Rome faced, other terrorist organizations in the Middle East, such as Hamas, took Biden’s actions as a new policy and they simply did precisely the same as the Gothic tribes did against Rome. Biden has sent exactly the wrong signal to all the terrorists that they can act with the blessing of Biden. Regardless of whether or not this was the intention, all that matters is how those actions are interpreted beyond that one group.This in April, Biden announced that America would restore some $235 million in aid to the Palestinians that had been withdrawn by former President Donald Trump. About two-thirds of the money is being given to the United Nations Relief and Works Agency (UNRWA), which Trump cut off in 2018 because of its ties to terrorism. Now if you are Hamas and Islamic Jihad looking at this, you can see that the US restored this aid unconditionally, which means they can do whatever they like. It did not materialize in free soup for children.The actions of the Biden Administration have been more concerned with simply reversing whatever Trump did. We can see the total disaster in Israel as well as along the border of the United States. The Democrats have escalated the rhetoric to symbolize Trump was evil for the country, but reversing whatever he did just for politics has a very dire consequence.What many are deeply afraid of is what happens if the Temple Mount ends up being blown up? Will the Jews rebuild the Temple? On May 14th, 1948 (1948.3671), the Jews in Palestine managed to establish their own state, Israel. June appears to be a critical target in the Israeli markets.

Matt Gaetz Discusses What Happened in The Room When the GOP Conference Voted to Remove Liz Cheney

Posted originally on the conservative tree house on May 12, 2021 | Sundance | 73 Comments

May 12, 2021 | Sundance | 60 Comments

This is actually an interesting interview segment for more reasons than just the headline of what happened in the room.  As Gaetz notes there were more issues with Liz Cheney than just her antagonism toward President Trump and the MAGA movement.  Cheney was ideologically trying to bring back the Bush era policies as the party platform.

The party platform was determined by the base vote priority. The base of the party chose the MAGA “America First” set of priorities for domestic economic issues, trade and foreign relations through economic security.  Cheney actively worked against that platform… which begs the question: why was she ever in leadership in the first place?

President Trump Says it is Unfair to Compare Joe Biden to Jimmy Carter, Biden is Much Worse

Posted originally on the conservative tree house on May 12, 2021 | Sundance | 148 Comments

Considering: gas lines, massive increases in gas prices, rapidly rising U.S inflation, rising unemployment and generally worsening economic conditions (ie. “Malaise”); in combination with a new Israeli war in the middle-east; many people are now comparing Joe Biden to the failed administration of Jimmy Carter.

From the desk of President Donald J Trump:

“I see that everybody is comparing Joe Biden to Jimmy Carter. It would seem to me that is very unfair to Jimmy Carter. Jimmy mishandled crisis after crisis, but Biden has CREATED crisis after crisis. First there was the Biden Border Crisis (that he refuses to call a Crisis), then the Biden Economic Crisis, then the Biden Israel Crisis, and now the Biden Gas Crisis. Joe Biden has had the worst start of any president in United States history, and someday, they will compare future disasters to the Biden Administration—but no, Jimmy was better!”

Arizona GOP Chairwoman Kelli Ward Provides an Update on the Maricopa Ballot Audit

Posted originally on the conservative tree house on May 12, 2021 | Sundance | 97 Comments

Arizona GOP Chairwoman, Kelli Ward, provides an update on the status of the Maricopa ballot audit that is ongoing.  As noted by Mrs. Ward, there is a Lawfare battle taking place in/around the politics and judicial branch.  There is also a narrative war ongoing with spin, lies and disinformation from the Democrats who oppose the county ballot audit.

What the mainstream media isn’t telling you… Legal action imminent. Audit side benefit: questions of election office irregularities, breach of Voter ID information AZGOP Chairwoman Kelli Ward reports“:

The Veterans Memorial Coliseum CCTV system remains active [SEE HERE]  as a public security and integrity issue.

Additionally, THIS is the official page of the Arizona Senate Liaison for the Maricopa County Election audit. “Under the direction of The Honorable Ken Bennett, former Arizona Secretary of State, an audit is underway to ensure transparency and integrity in the Maricopa County, AZ 2020 election audit.”

Secretary Alfred E Newman Outlines Federal Response to Gas Crisis – “We Understand The Concerns” About The Concerns That Need to Be Understood

posted originally on the conservative tree house on May 12, 2021 | Sundance | 182 Comments

Transportation Secretary Alfred E Newman took center stage today to outline the White House response to the gas crisis as people up and down the East coast are unable to find fuel.  We are so screwed with these professional political idiots, who have never held a real private sector job, in charge of U.S. policy.

Secretary Newman is skilled in the use of parseltongue: ‘We understand the concerns that need to be understood in order to evaluate the concerns that have been expressed.  Our understanding has led to a larger discussion about the concerns and we understand the need to coordinate with our partner agencies toward the common goal of understanding.  Now that we have the analysis to understand the greater concern, we are evaluating the fastest way to express the understanding of the analysis to a more broad network of partners.  As soon as that network understanding is in place, then we will have a better understanding for the American people about their concern‘.. or something.   Yes, these are the words of wisdom from the Secretary of Transportation.

Think I’m kidding… Well, you try: