Interview Martin Armstrong on GoldSeek


Posted 0riginally on May 5, 2024 By Martin Armstrong 

On the ECM and Why


Posted originally on Apr 22, 2024 By Martin Armstrong 

Florida is NOT California – Act Accordingly


Posted originally on Apr 17, 2024 By Martin Armstrong 

Please reside in a state that stands with your current political allegiance. This week has proved that the rule of law is no longer applicable to the whole of the United States. We are no longer united. In California, pro-Hamas fools blocked off the Golden Gate Bridge for hours as authorities stood around and passively watched. They seemed to be protecting the protestors over the people. In their defense, Governor Newsom would not have permitted anyone to step in as the left seeks to fuel civil unrest. The same zealots tried to block roads in Florida and quickly learned that California’s passivity does not apply here.

I must add that similar protests happened in New York, another woke blue state, where protestors were permitted to block multiple airports and bridges. The Chicago airport was blocked this week too. They were able to chant DEATH TO AMERICA while burning our flag and threatening our national security. Imagine if pro-ISIS protestors were permitted to do the same in NYC in the wake of 9/11? It is hard to call these people “protestors” as they are protesting the existence of the United States, the same nation where they are seeking refuge and disrupting our peace. They are welcome to board a plane and go to their nation of choice to support them directly.

TeddyRoosevelt.Immigration

Communications Director Bryan Griffin, who works under Florida’s Ron DeSantis, explained what happened when these pro-terrorist idiots tried the same stunts in a red state. “In Florida, we drag these people out of the road and arrest them,” Griffin posted to X along with a video that shows authorities rounding up these anti-American cowards and pulling them out of traffic. Why should our nation be forced to passively sit by and watch others chant for our demise?

Authorities in blue states are permitting this behavior at the direction of their political leaders. The people voted for these politicians and got exactly what they asked for. It is perfectly acceptable to burn the American flag, but heaven forbid someone burnt a rainbow flag or the flag of one of our foster nations. Places like California are implementing laws to ban “hate speech” or anti-establishment speech, because calling for the death of your own nation is considered perfectly acceptable by these morons.

State rights are becoming a major factor in our quality of life. Do not move to a red state for lower taxes if you plan to vote blue and usher in the same policies that caused you to flee your former state. Biden has repeatedly said he wants to flip Florida blue – good luck.

Lower-Income Americans and Republicans Least Likely to Switch to EVs


Posted originally on Apr 17, 2024 By Martin Armstrong 

gm factory 700x420 1

I explained how the private sector does not wish to switch to EVs amid high production costs and low demand. A recent Gallup Poll found that Americans do not want to own an EV, and the plans to eliminate fossil fuels do not align with the wishes of the people.

Around 7% of respondents, up 4% from last year, do own an EV. In 2023, 43% of respondents said they’d consider switching to electric, but that figure has declined to 35%. Fewer than half of adults, 44%, said they’d “seriously consider” or “might consider” buying electric in the future, down from 55% in 2023, while the number of people stating they have zero intention of switching rose to 48% from 41% on an annual basis.

AOC Let Them Drive Teslas

We know that is cost more to purchase an EV, hence upper-income respondents are more likely to own or consider owning an EV and that figure declines when we look at middle America, and further declines when we look at the working class. In fact, 61% of lower-income Americans said they would never switch to electric, an 18 percentage point rise from 2023.

Liberals are also more likely to own or consider owning an EV. Only 27% of Democrats said they would not consider switching compared to 69% of Republicans and 47% of Independents. The study found that lower-income and young Americans are most concerned about climate change, but only 8% of people overall who worry “a great deal” about fossil fuel cars impact on the environment actually own one.

Still, the government is pushing full speed ahead to ensure 60% of new vehicle production is electric by 2030 – six years from now. I explained how manufacturing is not expanding under these climate change initiatives. The private sector does not want to produce these vehicles and the people do not want to buy them. Yet, the Biden Administration will stick to these arbitrary targets if re-elected this November.

The Truth About Fake News


Posted orginally on Apr 17, 2024 By Martin Armstrong 

Economist 4 13 24 Cover_Story_The_next_housing_disaster

The Economist’s editor-in-chief, Zanny Minton Beddoes, wrote that global warming would damage a tenth of the world’s residential property by value. They reported that this includes “many houses that are nowhere near the coast. From tornadoes battering Midwestern American suburbs to tennis-ball-size hailstones smashing the roofs of Italian villas, the severe weather brought about by greenhouse-gas emissions is shaking the foundations of the world’s most important asset class.” 

Once upon a time, the Economist was a respected magazine. Today, there is no point in advertising there because, clearly, the people who believe these articles are brainwashed and hopeless unless you are pitching green investments that always lose money. Can you imagine that now 10% of all real estate will be damaged by global warming?

Sun 1892 Fakes News

The entire problem has infected the media for centuries. Donald Trump did not suddenly invent Fake News. Here is an article from the New York Sun published on September 3rd, 1892. The Sun charged its competitor, the New York World, with “manufacturing news in its own office purporting to be cable news of interviews with prominent scientists in Europe.” The article states it cannot be condemned for it “strikes at the vital point in the character of a newspaper… Of all unfortunate and foolish things a newspaper may do, that of destroying public confidence in itself is most unfortunate and most foolish, and it can accomplish this end in no other way more quickly or more completely than in the matter of ‘fake’ news.”

PulitzerHearstWarYellowKids

The first time I heard about corruption in the media was in a GRADE SCHOOL history class in the early to mid-60s. The teacher explained that the media created the Spanish-American War, which manufactured news to sell newspapers. You needed sensationalism to sell newspapers. The Hearst model was all about selling sensationalized stories to sell papers – not necessarily the truth.

Raymond Henry Jarvis

The New York Daily Times had significant circulation among conservatives during the mid-19th century since its founder, Henry Jarvis Raymond (1820-1869), was often known as the Godfather of the Republican Party. He became its first Chairman and was elected to the US House of Representatives. Abraham Lincoln, the first Republican President, said: “The Times, I believe, is always true to the Union, and therefore should be treated at least as well as any.”

Ochs Adolph Simon

In August 1896, Chattanooga Times publisher Adolph Ochs (1858-1935) acquired The New-York Times, implementing major changes to its basic structure making it a merchant’s newspaper. At first, Ochs wanted to steer the paper to be the antithesis of the competition like the New York World that was focused on the sensation sales model. Ochs was trying to sell his newspapers to people who wanted real news and information to enable them to invest money. The Wall Street Journal did not begin until 1889. In 1910, Ochs made a political realignment whereby he rejected the Republican Party and moved more progressive as Marxist Socialism became popular. This went to the NY Times, becoming a political agenda.

1970 Climate Change

There is just no more integrity in mainstream media, and when you really look at its history, one can argue it has ALWAYS been about fake news—because fake news sells. They are businesses and, at the end of the day, need a profit. A few decades ago, I asked a major movie producer why all the movies about love projected happily ever after. He said people want to leave the theatre with a smile—not crying. I think that explains the problem. The sad part is the press interprets the First Amendment to mean they are free to twist the truth in any way they like for profit.

Argentina Posts First Surplus in Over a Decade


Posted originally on Apr 15, 2024 By Martin Armstrong 

It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path of capitalism, whereas the West insists on continually moving toward socialistic policies.

Milei has pushed forth an emergency package in an attempt to balance the budget and introduced an austerity package worth around $1.4 trillion. He famously slashed government agencies that contribute nothing to the economy. Every public employee on payroll for less than a year has been terminated. He is aiming to reduce government by 34% overall. Transfers to local government have ceased.

Milei.PublicSector

He has called his measures a form of “shock therapy” for Argentina’s economy. Milei agreed to devalue the nation’s peso from around 350 to 800 pesos per USD. He has eliminated quotas on imports and exports and removed the licensing that was difficult to obtain. There is a temporary rise in taxes for non-agricultural trade that brings it on par with industry standards. Transportation and energy subsidies have been eliminated.

The Western media has only supported stories criticizing Milei for being a right-wing fanatical, the Donald Trump of Argentina. No one wants to report that his policies are effective and the improvements have been immediate. This man was brave enough to stand in front of the crowd at Davos and criticize them for their flawed ideologies. “The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism,” Milei said to a hostile crowd at Davos. “We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world—rather they are the root cause.”

He said there was no one better to testify to this sentiment than the people of Argentina, who saw their nation fall after adopting collectivism/socialism. He believes unrestrained free market capitalism is the only way to end poverty and cited that the Industrial Revolution marked the first time the global economy truly saw growth. He said that collectivism has become fashionable in the West in recent years, but his nation had been declining for 80 years due to this illogical idea.

Argentina Peso M 1 25 2018

Those in charge want us to believe that capitalism equates to greed while collectivism is seen as a form of social justice but, of course, requires the money of others. Free enterprise is under constant attack, and Milei is one of the only world leaders fighting for its existence. “Social justice is not just. It doesn’t contribute to the general well-being,” Milei said to Davos, citing that socialism is “intrinsically unfair” and forces the state to attack the people for taxes. “Can any of us say that they voluntarily pay taxes?” he asked the crowd.

This is the first time Argentina has had a surplus in over a decade. Some may not realize how drastic these changes have been for the nation and undoubtedly proof that reregulation is efficient. Allowing the market to operate freely is the only logical option. The public sector is an absolute drain on a nation’s resources, and slashing tens of thousands of needless jobs and dozens of cabinets has helped Argentina in the short and long-term.

Imagine Waking from an 8-Year Coma – Reflections from the Last ECM Wave


Posted originally on Apr 16, 2024 By Martin Armstrong

BIG BANG ECM 2015.75

The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest threats to the global economy. The COVID lockdown pushed these issues into overdrive, and world leaders usurped power that they have refused to relinquish.

Debt Crisis

This is a global issue. Canada’s opposition leader Pierre Poilievre has highlighted how much has changed within one ECM cycle, as the last major turning point hit in 2015, and asked Parliament to imagine they had awoken from an 8-year coma.

Eight short years ago, Canada boasted one of the strongest middle classes in the modern world, surpassing that of America. Taxes were actually declining in Canada, falling faster than at any other time in the nation’s history. Crime had decreased by -25%, and people felt safe in their hometowns. The immigration system was efficient, the borders were closed, and there was no migrant crisis. Housing was affordable, costing less than half of what it does today. The nation had a balanced budget.

ECM 2015 2020 Detailed

Poilievre mentioned that there were global conflicts at the time in Syria, Afghanistan, and even Ukraine but none of them were causing inflation at home. Prime Minister Harper had much different policies in place.

Inflation is now rampant, and even after hitting a 40-year high in 2023, it remains 50% above the 2% central bank target. Canada’s economy is shrinking per capita and is expected to have the worst OECD growth of all 40 member countries for the next five years. There is a massive housing crisis in Canada, surpassing that of America, and homelessness is on the rise. The Canadian borders are open, migrants are encouraged to come to the nation despite the lack of housing, and millions of unvetted migrants are now within Canadian boundaries. Taxes are rapidly rising as Trudeau supports World Economic Forum initiatives like carbon taxes and reducing fossil fuels at the expense of the people. Canada has sent a fortune to Ukraine and continues recklessly spending on initiatives that in no way benefit Canadians.

Poilievre is on Trudeau’s tail. It is no wonder that nearly half of Canadians wish to elect a new leader in 2024 instead of 2025. Trudeau is losing his grip over the Canadian people who have become disgruntled with the unsustainable cost of living, rising crime,  and increasingly tyrannical government.

It is incredible how much can change within one wave of the ECM. I can assure you that the world will be a very different place by the next one.

We are TOO Stupid to Vote


Posted originally on Apr 16, 2024 By Martin Armstrong 

Greek Philosophers

Aristotle believed that after Pericles died in 429 BCE, the demos continually appointed charismatic demagogues who damaged Athenian democracy. The three main Greek philosophers were against Democracy because the people were too stupid and uneducated. This is where we had even John Kerry claiming Trump’s election was because of “populism,” and this must be prevented.

Huxley

Once again, the United Nations discourages individualism with this same philosophy that we are too ignorant to understand what they know. As Sir Huxley wrote when forming the United Nations, “unrestricted individualism is equally erroneous.” So much for human rights. We should have no right to vote, and in reality, these people claim to be defending democracy against autocracy when, in fact, we do not live in a democracy at all. They call Russia an autocracy when, in fact, we have no right to vote if we should go to war. We are too ignorant to know what to do in life.

Schwab WEF End of Democracy

There is an all-out assault on Democracy, and it is not from Trump. Here is Klaus Schwab, who is the poster child for authoritarian government and the suppression of human rights. We are too stupid to be allowed to vote since we are beneath the level of intelligence of those who know better. When Trump was elected, that is when Democracy became Populism – and that was not acceptable.

Interview on Interest Rates


Posted Apr 14, 2024 By Martin Armstrong 

The Middle East – The Coming War of Wars


Posted Apr 14, 2024 By Martin Armstrong 

Temple Mount Jerusalem 1

QUESTION: Many people who are Jewish and Christian would love to destroy the Dome of the Rock. We hear Christian zealots pushing this event to bring about the Second Coming and Armageddon. Does Socrates show anything on this subject?

Do you plan an update on your Middle East War Report? It’s been almost ten years, and 2024 is here.

IW

Temple Mount Drawing

ANSWER: I have visited the Dome of the Rock and paid my respects. Jerusalem is the crossroads of three major religions – Jewish, Islam, and Christian. Disputes over specific locations abound throughout the city. There has been a long-running and undeclared war between two of Israel and Iran – the Middle East’s most implacable foes. I am deeply concerned that 2024 was the target year for this confrontation to burst to the surface. The October 7th Hamas/Iran attack on Israel was the beginning.

To the Jews and Christians, this is known as the Temple Mount, while the Muslims call it the Dome of the Rock. It contains a huge rock that the Jewish tradition says is that this is where Abraham was told to sacrifice his son. To the Muslims, the rock is the spot from which the Prophet Muhammad was taken up into heaven for an encounter with God (an event known as the Miʿrāj). Thus, it is the same rock, symbolizing the clash between these religions.

Vespasian AE Ses Judea Capitive XF

There are some Christian Zealots who want to destroy the Dome of the Rock to force the Second Coming and Armageddon. Yet there are also far-right Jewish Zealots advocating the destruction of the Dome of the Rock to pave the way for building a Jewish temple. The initial construction of the Dome of the Rock was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik back during the Second Fitna (691–692AD). It was constructed on top of the very site of the Second Jewish Temple, which had been constructed in c. 516AD to replace the destroyed Temple of Solomon was reconstructed by Herod the Great, the Jewish King of Judea from 37/6BC to 4/1BC. It was that Temple that the Romans destroyed in 70AD.

It was only after the  Six-Day War was over by June 10th, 1967 (1967.441) that Israel’s capital city, Jerusalem, was reunited. For the first time in 19 years, the Old City was open to believers of all faiths, and Jews could access their holiest sites. I was fortunate to have visited everywhere in the late 1970s. Cyclically, that was precisely on time under the model.

It was 51.6 years right on target from the Six-Day War that the negotiations began, and within two months, on March 25, 2019, then President Donald Trump signed the Proclamation on Recognizing the Golan Heights as Part of the State of Israel. It was then, from May 3rd to 6th, that the Gaza–Israel clashes began (May 2019) also on time.

Temple Mount Jerusalem Wailing Wall R

Israel allowed Jews to pray on the Temple Mount. The Jews have been praying at the base of the Temple Mount, where the old Temple Wall still remains. Jordan, the custodian of the Dome of the Rock, demanded that the government cease Jewish prayer on the mount. The Israeli government avoided formally addressing these silent prayers. They occur on the eastern side of the Dome of the Rock/Temple Mount, albeit without traditional Jewish prayer items such as tallit, tefillin, or siddur.

Our computer has been projecting a rising confrontation and has targeted 2024 as the key turning point. I also reported on that in the February 13th, 2023 post in the last update. Yes, I will update this.

2024 Middle East Cycle of War