Category Bidenomics a Disaster for average American

Jul 15 2023

Noble Scientist says Climate Change is a Hoax


Armstrong Economics Blog/Climate Re-Posted Jul 15, 2023 by Martin Armstrong

Dr. John Clauser, the co-winner of the 2022 Nobel Physics prize has come out and said the whole nonsense of Climate Change caused exclusively by CO2 is an absolute HOAX. Anyone who has ever studied physics cannot possibly conclude otherwise. There is absolutely NOTHING that can ever be reduced to a single cause and effect in anything. It is always a complex dynamic.

Here is Bill Gates who I would not trust to walk my dog admitting that blaming CO2 is not without dispute. There is just nothing, even in market movements, that can be reduced to a single cause and effect – PERIOD! Perhaps he should have paid attention in physics class, assuming he took it.

One of our clients was one of the top 5 Australian mining companies. Their CFO lost more than $50 million in the currency. They ordered him to meet with me. He knew my track record and said perhaps it was just a coincidence. Finally, I asked him what his background was. He hesitated and said physics. I said GREAT! Now look at the market through the Second Law of Thermodynamics. His jaw dropped and said – OMG, there has to be a cycle. I said you got it.

Heat always moves from hotter objects to colder objects (or “downhill”), unless energy in some form is supplied to reverse the direction of heat flow. 

The second law of thermodynamics establishes the concept of entropy as a physical property of a thermodynamic system.

Human activity cannot possibly create a one-way street that is the typical linear analysis that if the temperature rises by 1 degree per year, then in 50 years we will be all dead. That is like saying since the stock market rose 1,000 points this year, it continue to do so for the next 50 years. It is just an absurdity and thereby it is a HOAX for nobody in their right mind would ever make such an honest forecast of this nature. According to all this nonsense, we should have been dead by now.

Greta Thunberg deleted a 2018 tweet about the urgency of addressing climate change. Her tweet included a quote from an article that said an influential scientist warned climate change “will wipe out all humanity” unless fossil fuel use was ended “over the next five years.” Some have said that Great misquoted him since he claimed he never made such comments. Anyway, we are still alive – thank you linear analysis.

Jul 6 2023

The Least Popular President in 70 Years        


Armstrong Economics Blog/Politics Re-Posted Jul 6, 2023 by Martin Armstrong

Every poll imaginable shows Biden and Harris steeply declining in popularity. Biden’s favorability is now lower than the past 13 presidents. I cannot imagine any sane person supporting him after what he has done to the nation in the past three years. No one can honestly say they are better off under Biden.

This man received more votes than any other president in US history. Despite his rapidly declining poll numbers, he refuses to campaign. His handlers know that they do not need to campaign because the election results have already been decided. They want to keep him far from the public eye because he embarrasses himself at every speaking engagement.

White House physician Kevin O’Connor stated Biden was “fit for duty,” but he clearly is in a state of cognitive decline. A YouGov survey showed 67% of voters, 48% of who identified as Democrats, believe Biden is too old to run for a second term. His age is the least of his worries as there is clearly an underlying degenerative disorder. Biden slipped up and admitted he “sold a lot of state secrets.” Information has been pouring in about Biden’s illegal dealings with Ukraine and China. He campaigned on the Build Back Better platform and has run America into the ground to the point where it will be extremely difficult to ever build it back, let alone better.

It really all comes down to finances. Biden has been on a rampage of a spending spree since he took office. None of his policies eased inflation. Shelter, food, fuel, and all the basic necessities of survival are at unsustainable levels. People may have hated Trump all they wanted, but at least they could afford to fill their fridges and pay rent. Under any other circumstance, the POTUS would campaign as much as their schedule permitted to win over the people. He is not doing that because they know a false flag event will happen before the 2024 US Presidential Election to ensure one of the least capable presidents in history remains in power.

Jul 3 2023

$200 Billion in COVID-19 Funding Missing


Armstrong Economics Blog/Corruption Re-Posted Jul 3, 2023 by Martin Armstrong

What the hell is the US government doing with our tax dollars? We just heard that the Pentagon managed to misplace $600 billion in funds to Ukraine. They simply have no idea where $600 billion wandered off to and are not investigating. Now, a watchdog group revealed that over $200 billion in COVID-19 relief funds also went M.I.A.

We already knew paycheck protection funding was widely abused. But an inspector general from the US Small Business Administration now believes AT LEAST 17% of all COVID-EIDL and PPP funds were “disbursed to fraudulent actors.” Fraud estimates for COVID-19 Economic Injury Disaster Loans reached $136 billion, or 33% of the entire program. Then it is estimated that an additional $64 billion was stolen from Paycheck Protection Fraud.

Government agents deny mass fraud. They say that the recent report “contains serious flaws that significantly overestimate fraud and unintentionally mislead the public to believe that the work we did together had no significant impact in protecting against fraud.” The problem here is that this is the money of the American people. In less than two weeks, the US government just announced they lost nearly a trillion due to bad actors and/or accounting errors. We deserve a complete overhaul of government accounting and a thorough investigation into where these funds went. Chalking it up to an accounting error or being duped is not sufficient. They need to tell the people exactly how they are spending our money, especially since they continually ask for more each year while providing nothing in return.

Jul 2 2023

Interview: Living in a Coup with Massive Election Rigging & War


Armstrong Economics Blog/Armstrong in the Media Re-Posted Jul 2, 2023 by Martin Armstrong

Commentary by Greg Hunter:

Legendary financial and geopolitical cycle analyst Martin Armstrong was forecasting “chaos” in 2023, and that’s exactly what we got.  His cycle work says don’t look for it to get better anytime soon.  Armstrong explains, “We are in the midst of a coup.  We have all these people who have been neocons for 30 years.  Even Ron Paul said recently that the neocons have been waging war for 30 years and have not won a one single one.  This is what they live for.  Look at the clip of Lindsey Graham saying this is the best money we ever spent killing Russians.  How can you take pleasure in that statement that this is the best money we ever spent killing Russians.  This is not defense.  These are the words of a psychopath in my mind. . . . They are not about to accept anybody who is going to be against war.  The neocons are in full control of the government—period.  We are living in the time of a coup.  The United States is not the free country you thought it was. . . .”

Armstrong also predicts that the neocons will rig the 2024 election so Biden (or some other neocon) gets a second term.  Is there any way to stop this election rigging and fraud in 2024?  Armstrong says, “I don’t believe so.  Our computers show that holy hell breaks loose starting in 2025.  I think the problem will be the cheating will be in everybody’s face this time.”

Armstrong also says the neocons will try to start a war before the 2024 election so Biden will win because a wartime president has never lost an election.  Armstrong says the cheating will be necessary because the real poll numbers for Biden are in the single digits and not the 40% approval ratings the Lying Legacy Media tells you.  Armstrong contends Biden’s approval number is still stuck at 9.5% with his deadly accurate Socrates computer program, but the big reason for Biden and his crew to worry is the real inflation number.  Armstrong says, “Inflation is subsiding a little bit, but it is basically still over 26%.”

Armstrong says Biden’s approval numbers are so low and inflation is so high that they have to have war with Russia.  War is the reason they had to remove Trump out of the White House because Trump was against constant war.  Armstrong adds, “No way they are going to allow a free election.  It you think the CIA cannot rig the vote, I don’t know what planet you live on.”

Don’t expect Fed Head Jay Powell to lower interest rates.  It will be just the opposite.  Armstrong explains, “What is Powell looking at?  War is the number one cause of inflation.  He can’t say because you people are dumping all this money into Ukraine, inflation is only going to go higher because then he is criticizing the government.  So, he just says he’s looking at ‘international considerations.’  Look what the Vietnam war did.  It broke the back of Bretton Woods.  War is always the number one problem.  The neocons only care about winning, and they do not care about the country.  The do not care about your 401-k or your retirement.  They could care less.”

In closing, Armstrong warns, “Russia is like a wild animal, and if it is cornered, it will attack.”  This means the whole thing in Ukraine could go nuclear if Russia is pushed into a corner.  And what about all that debt the western world has built up?  Armstrong says, “They intend to default on all the sovereign debt. . . .I don’t see this succeeding.  I think it’s all going to collapse.  The reason why they are doing this is they realize they are losing power.  They feel it slipping out of their fingers.  The more that happens, the more they become aggressive.  That’s what this is all about.”

Jul 1 2023

Supreme Court Rules Biden Student Loan Forgiveness Program Exceeds Constitutional Constraints


Posted originally on the CTH on June 30, 2023 | Sundance 

After a legal debate about standing in the case of Biden v Nebraska, the Supreme Court took up the issue of whether the President could unilaterally forgive student debt without an act of Congress.  In a 6-3 ruling {pdf here}, the court determined the executive authority of the Dept of Education did not permit such action.

Joe Biden campaigned in 2020 on a promise to eliminate student debt unilaterally, without congressional approval.  The court opinion released today affirms that Congress must be involved in their role as decision-makers of federal spending.  Justice John Roberts wrote the majority opinion.

[SCOTUS BLOG] – […] When the Biden administration announced the program in August 2022, student-loan repayments had already been on hold for over two years. Betsy DeVos, who served as the secretary of education during the Trump administration, suspended both repayments and the accrual of interest on federal student loans at the start of the COVID-19 pandemic. She relied on the HEROES Act, a law passed in the wake of the Sept. 11 attacks that gives the secretary of education the power to respond to a national emergency by “waiv[ing] or modify[ing] any statutory or regulatory provision” governing the student-loan programs so that borrowers are not worse off financially because of the emergency.

[…]  The HEROES Act, Roberts emphasized, gives the secretary of education the power to “waive or modify” laws and regulations governing the student-loan programs. Congress’s use of the word “modify” means that the Biden administration can make “modest adjustments and additions to existing provisions,” Roberts wrote, “not transform them.” But the debt-relief program, Roberts stressed, instead “created a novel and fundamentally different loan forgiveness program.” The plan “modifies” student-loan laws and regulations, Roberts suggested, “only in the same sense that the French Revolution ‘modified’ the status of the French nobility — it has abolished them and supplanted them with a new regime entirely.”  

Roberts rejected the Biden administration’s contention that the secretary of education also has the power to “waive” laws and regulations relating to the student-loan program. When the secretary has invoked this power in the past, Roberts observed, he has done so for a specific legal requirement, such as the requirement that a student provide a written request for a leave of absence. But in this case, Roberts noted, the secretary has not indicated that he is waiving a specific provision.

Roberts also rebuffed the Biden administration’s argument that the debt-relief program is consistent with the purpose of the HEROES Act – that is, to give the secretary of education the power to provide relief to borrowers during a national emergency. “The question here,” Roberts countered, “is not whether something should be done; it is who has the authority to do it.” On this point, Roberts invoked the “major questions” doctrine, which is the idea that if Congress wants to give an administrative agency the power to make decisions of vast economic or political significance, it must say so clearly. But in this case, Roberts said, the HEROES Act did not authorize the debt-relief program at all, much less clearly. (read more) 

Additionally, the court also released a decision on a Colorado law that forced a Christian website designer to create wedding websites against her First Amendment right to free speech and freedom of religion.  {pdf HERE}

The court ruled the state cannot enforce a state anti-discrimination law against a Christian website designer who does not want to create wedding websites for same-sex couples, because doing so would violate her First Amendment right.

The First Amendment, Gorsuch explained, “protects an individual’s right to speak his mind,” even when others may regard that speech as “deeply misguided” or it may cause “anguish.” And the First Amendment generally also protects an individual from being required by the government to voice a particular message.

In this case, Gorsuch observed, even the U.S. Court of Appeals for the 10th Circuit agreed that the websites that Smith wants to create are speech. But if Smith wants to speak, he stressed, she must choose between following her conscience, which means only creating wedding websites for opposite-sex couples, and violating Colorado law, or following the law and violating her religious beliefs.

Under the Supreme Court’s cases interpreting the First Amendment, Gorsuch concluded, “that is enough, more than enough, to represent an impermissible abridgment of the First Amendment’s right to speak freely.” (read more)

Critics of the decision argue this precedent now permits public businesses to discriminate based on all sorts of issues they will define as their speech rights.  However, public businesses are currently permitted to discriminate, as long as that discrimination does not violate constitutional rights (ex. freedom of religious belief) or specifically tailored categories.  States cannot pass laws that force or compel people to violate their First Amendment rights.

The conservative-right and the moonbat-left will never give him credit, but Trump’s three SCOTUS appointments are delivering measured positive results.

Jun 30 2023

US Households Paid an Additional $10K Under Biden Regulations


Armstrong Economics Blog/Politics Re-Posted Jun 30, 2023 by Martin Armstrong

University of Chicago professor Casey Mulligan recently compared regulatory records from the Obama Administration to now. Mulligan found that Biden has imposed the most costly regulations in recent history at a rate of $617 billion annually. Her research concluded that the average American household now pays $9,600 more under Biden.

This uptick in spending found in this study is solely due to regulation. If we were to factor in inflation, which Biden poured gasoline on (no pun intended), the figure would be even higher. The Build Back Better agenda comes at a cost to the people. Auto fuel and emissions standards compose one-third of total regulatory costs alone.

Trump attempted deregulation and saved the average American household $11,000 during his four-year term. Trump’s main regulatory initiative that was a costly mistake was Operation Warp Speed, which cost over $300 billion. “President Trump showed that regulatory costs can be subtracted rather than perpetually added,” the report states. “Four years of President Trump reduced regulatory costs by about $11,000 per household. Eight years would have saved a total of more than $21,000, which is a gap of $61,000 to $80,000 from the Biden trajectory.”

Biden had the audacity to tote “Bidenomics” at a recent speaking engagement. Clearly, his economic policies have put America in a dire situation. Biden plans to continue implementing costly regulations. Mulligan’s estimates also do not account for the coming war his administration is thrusting us into without just cause. The nation simply cannot afford to keep him in power. Too bad we don’t have the ability to determine our own elections.