Armstrong Economics Blog/Politics Re-Posted Mar 30, 2023 by Martin Armstrong
Donald Trump is now the first former US president to face criminal charges after a grand jury in New York has voted to indict him on charges related to hush money payments to an adult film star. President Warren G. Harding (1865-1923), 29th President of the United States (1921-1923), has gone down as perhaps the worst president in America’s history. Harding’s legacy was overshadowed by corruption. He was surrounded by cronies which took his administration down the rabbit hole of amazing corruption.
Harding preferred to play poker and womanizer rather than tackle the serious questions of his time. Herbert Hoover, who succeeded Harding, said: “He was not a man with either the experience or the intellectual quality that the position needed.”
Nevertheless, despite Harding’s Administration having been one of the most corrupt in modern history, he was still honored on stamps when he died. Yet they still gave him a presidential funeral. It is hard to imagine that either the press or Washington would do the same for Trump. We have crossed the Rubicon with this indictment of Trump. This desperate attempt to try to damage his credibility to prevent him from running for president is now degraded American justice to the lowest possible level of the corrupt Ukrainian government which routinely imprisons political adversaries as well as a South American banana republic.
In all honesty, NEVER in all my career have I ever seen so many crazy fundamentals all culminate at the same time with the turning point in the Economic Confidence Model as we head into the next turning point of April 10th from cycles in Russia, Ukraine, banking crisis, and throw in this indictment of Trump that is just insane. If they really think this would reduce Trump’s chances of running, they are seriously wrong. There is a growing number of people now who see the government as corrupt. This will only be seen as a desperate measure to protect Washington and the real swamp that always acts against the interests of the people. Next week was a Directional Change in many markets and we have panic cycles in May. It looks like this is s Smörgåsbord of political chaos and uncertainty.
Alvin Bragg, the Manhattan District Attorney’s office, said they contacted Trump’s attorney to “coordinate his surrender” on an indictment that “remains under seal.” Trump will self-surrender and Bragg will probably seek pre-trial confinement without bail claiming a flight risk. Zelensky tried that with his former President. This is going to be a major game-changer in politics. Bragg has crossed the Rubicon, and that means Biden and his entire family could be indicted even when sitting as president. The laptop of Hunter and the bank records are grounds for impeachment and even removal from office in the case of Biden. Bragg has crossed the Rubicon and this indeed can be a political civil war.
Article II, Section 4:
The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.