A Non-Pretending Discussion About Barack Obama


Posted originally on the CTH on August 4, 2023 | Sundance | 512 Comments

Every once in a while, you stumble upon an article that is insightful and valuable. This outline is intended to draw everyone’s attention to one of those articles.  ~ SEE HERE

Writing in Tablet Mag, David Samuels outlines his discussion with very well-respected historian David Garrow about Barack Obama and Dr. Martin Luther King, but mostly about Obama.

It is an intensely interesting albeit very long read, much of it drawn from a transcript of the conversation initiated by Samuels about the research Garrow did for his 2017 book on Obama called “Rising Star.”

The type of intense, deeply cited and granular research that David Garrow did for his book, is the type of research historians 50-years from now will be citing as they outline the legacy of President Obama.  This is also the type of research and non-pretending analysis you will never see approved for conversation by those who currently maintain the false pretense of the subject.

“I doubt that in the long run, Obama’s foreign-policy failures are going to be seen as the most important part of his legacy. I think future historians are going to look at the Obama presidency and see it as the moment when this new oligarchy merged with the Democratic Party and used the capacities of these new technologies and the power of this new class of people, the oligarchs and their servants, to create a new apparatus of social control. How far they can go with it, what the limits are … you see them trying to test it out every week or so.”  ~ David Samuels

Garrow and Samuels both discuss Barack Obama in a way that is extremely accurate; as a result, antithetical to the populism that surrounds the former President.  People who have followed political events will bathe in the truthfulness of the discussion.  Obama, a man created by his own intent and purpose, to present himself and his transitional identity to a select audience of affluent white liberals.  This audience would help Obama achieve his narcissistic life goal to have a “valet and private plane”, while simultaneously assuaging their white guilt.  The plan worked swimmingly.

Samuels talks about the curiosity of President Obama maintaining his residence in the nation’s capital, an often-visited command center in Washington DC, where important members of the current administration assemble at times, and secret service vehicles are often spotted coming and going. Yet, for some odd reason, the DC media network who are directly responsible for tracking and outlining the comings and goings of those in power, are seemingly incurious about this home/headquarters.

[…] Samuels: “The easy explanation, of course, is that Joe Biden is not running that part of his administration. Obama is. He doesn’t even have to pick up the phone because all of his people are already inside the White House. They hold the Iran file. Tony Blinken doesn’t.”

[Garrow interjecting] “Rob Malley was the guy on that.”

Samuels: “Rob Malley is just one person. Brett McGurk. Dan Shapiro in Israel. Lisa Monaco in Justice. Susan Rice running domestic policy. It’s turtles all the way down. There are obviously large parts of White House policymaking that belong to Barack Obama because they’re staffed by his people, who worked for him and no doubt report back to him. Personnel is policy, as they say in Washington.

Which to me is a very odd and kind of spooky arrangement. Spooky, because it is happening outside the constitutional framework of the U.S. government, and yet somehow it’s been placed off the list of permitted subjects to report on. Which is a pretty good indicator of the extent to which the information we get, and public reactions to that information, is being successfully controlled. How and by whom remain open questions, the quick answer to which is that the American press has become a subset of partisan comms.”  (link)

There is a perspective of genuine historically correct discussion between Samuels and Garrow that is very interesting.  Factually, there are a lot of reference citations in the Obama tenure that reconcile well with how Garrow outlines the process inside the mind of Barack Obama.

You might remember, the day after the Sept 11, 2012 attack on the U.S. consulate in Benghazi, Libya, a seemingly detached Obama hops a flight aboard AF1 that morning at 6:00am to go west campaigning and collecting donor checks in Nevada and California.  The ego legacy superseding the potential for damaging political consequences.

In addition to Garrow outlining the lack of deep consequential relationships in the life of Obama, a man perpetually unmoored from any roots or familial guidance, able to morph himself to the framework of an image he also was responsible for creating – there are a lot more events in/around the era of Obama that reconcile.

I am going to draw attention to one such example, because this is the first time I have seen anyone, other than myself, connect the dots of the new surveillance state to the intents and purposes of Obama’s tenure in office.   As noted during the conversation, David Samuels says…

….”So Obama starts out as an eloquent opponent of the Patriot Act, etc., etc. By the end of his presidency, his people are unmasking intercepts of his political opponents every day, and the FBI is spying on Donald Trump.”… 

The response from Garrow is as succinct as it is accurate, “that’s right!

This is my happy place.  I cannot tell you how refreshing it is to see an article that drops all of the pretending and starts to talk about the reality of our situation.  If we stop pretending we unite as a country, because we all start to accept the same baselines.

The fraud that has been purposefully deployed as a tool for fundamental change, can only exist if people pretend that fraud and corruption does not exist.  Stop pretending, and the sunlight of commonality begins to unite our nation.

This weaponized national security state will be the legacy of President Obama.

While future historians may reference the obvious failures in almost all of Obama’s foreign policy, specifically the events in the Middle East and ISIS manifest, the core of what will be attributed to President Obama will be the weaponized surveillance state using all the tools created, fine-tuned and deployed during his time in office.

All of that machinery within the, DHS, NSA, FBI, DOJ-NSD, ODNI, is still running on autopilot – massively controlling the mechanics of communication and social media, thanks to the pathways, networks and systems President Obama authorized.

More to follow…

House Oversight Committee Releases Transcript of Devon Archer Testimony About Joe and Hunter Biden Business Deals


Posted originally on the CTH on August 3, 2023 | Sundance 

Hunter Biden’s business partner at Burisma, Devon Archer, testified about the nature of the business construct and the flow of payments to the Biden family.  The House Oversight Committee has released the 141-page transcript [READ HERE].

Within the transcript, when Democrat representative and lawyer Daniel Goldman questioned Mr. Archer about the exact value of having the Biden family as part of the Burisma Holdings organization, Archer informed Goldman the intent of the partnership was for the Biden family to keep the legal inquiry about the business operation under control.

Various foreign businesses contracted with Hunter Biden and Devon Archer, specifically because Joe Biden could address their interests and influence government, both in the USA and abroad. [House Link HERE]

[Read Transcript pdf Here]

Mr. Archer: My only thought is that I think Burisma would have gone out of business if it didn’t have the brand attached to it.  That’s my, like, only honest opinion.  But I have no basis for any ‑‑ never heard any conversations –

Mr. Goldman: But that’s different than Joe Biden’s action. 

Mr. Archer:  Right.

Mr. Goldman: You’re just talking about that Hunter was on the board. 

Mr. Archer:  Right. And I think that’s why –

Mr. Goldman:  And so –

Mr. Archer: ‑‑ it was able to survive for as long as it did.

Mr. Goldman: By ‑‑ because of additional capital or –

Mr. Archer:  Just because of the brand.

Mr. Goldman: Well, I don’t understand.  How does that have an impact? 

Mr. Archer: Well, the capabilities to navigate D.C. that they were able to, you know, basically be in the news cycle.  And I think that preserved them from a, you know, from a longevity standpoint.  That’s like my honest ‑‑ that’s like really what I ‑‑ that’s like how I think holistically.

Mr. Goldman: But how would that work? 

Mr. Archer: Because people would be intimidated to mess with them. 

Mr. Goldman: In what way? 

Mr. Archer:  Legally.

Democrats Knew About the Biden Crime Family


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

The story began by claiming Joe Biden had never once contacted Hunter’s business associates. There was a video circulating for years of Joe Biden bragging about threatening to withhold $1 billion in aid to Ukraine until they fired prosecutor general, Viktor Shokin, to help out his son. Trump asked Zelensky to investigate Burisma and the Biden crime family, which backfired and resulting in Trump in the hot seat.

“I have never spoken to my son about his overseas business dealings,” Joe said at a Democrat fundraiser in Iowa in 2019. Trump asked Biden to explain what “10% to the big guy” regarding another scandal. Then too, Trump was accused of misspeaking.

Then we had the numerous trips Hunter took on Air Force II to accompany good old dad. The laptop from hell revealed everything, but intelligence agencies denied its existence up until a few months ago. Cathay Bank came out and said the Bidens were funneling money. A WhatsApp message sent by Hunter Biden was recently revealed where he threatened an executive by saying he is sitting right next to his powerful father. The evidence is overwhelming, but the Democrats and every intelligence agency have protected the Biden crime family.

Now, the Democrats admit that Joe DID have involvement in the Burisma deals. “Hunter may have put his father on the phone with any number of different people, and they never once spoke about any business dealings,” Democrat Rep. Daniel Goldman said. “As he described, it was all casual conversation, niceties, the weather, ‘what’s going on?’…“It’s kind of a preposterous premise to think that a father should not say hello to people that the son is at dinner with. And that is literally all the evidence is,” he added.”

This is a completely disgusting abuse of power that amounts to treason. What grown man asks his father to speak on the phone with his business colleagues? They could have at least attempted to lie. They are threatening Trump with every lawsuit under the sun while Biden, a known traitor to the United States, walks/stumbles freely.

Trump Indicted Again to Interfere in the 2024 Election


Armstrong Economics Blog/Politics Re-Posted Aug 3, 2023 by Martin Armstrong

I have been warned that 2024 will be the most corrupt election in the history of the United States. Our computer has warned that we may not even have an election in 2024 which could be carried out not just on the massive scale of corruption, but they can stage a war to justify locking us all down. The Neocons have so much on the line that they cannot allow Trump or RFK to take the White House. Either candidate would end the war and fire these people who want to wage against Russia and China. On November 6th, 2022, I made that clear in an interview with Greg Hunter. He wrote:

The cheating is going to be so in your face President Trump may not even be able to run for President two years from now.  Armstrong contends, “We may not even have an election in 2024.  It is not looking very good, and it’s probably because this election is not going to be accepted.  When it is so over-the-top corrupt, what do you do for the next one?  

During the 2016 election, Hillary claimed that Putin interfered and that she really won the elections. Millions of dollars were spent on her fake claims of Russia Gate, and she kept a private server with classified documents on all so it would not be subject to the Freedom of Information Act. The FBI never took notes at a formal investigative interview of Hillary, which is unprecedented. Yet, the FBI claimed they took notes with Trump all the time on just a phone call. Our computer showed that Trump would win; everyone thought that was impossible.

Our computer also projected that Nigel Farage would win with BREXIT, and we were absolutely the only one forecasting that outcome. Nigel came and spoke at our Rome WEC and said just that – we were the only ones to forecast his victory.

When we look at the computer forecast for the popular vote for 2020 compared to 2024, we have warned that the 2020 election will be very close. Our six model group was split 50/50 for the 2020 election. Now turning to the 2024 election, we have four models projecting a Republican win, but look at two of the projections – 61% and 59%. This is absolutely incredible. The only such victory that reached 61% was that of 1920, which is eerily similar.

Incumbent Democratic President Woodrow Wilson hoped to run for a third term, despite his severe physical and mental disabilities. On October 2, 1919, President Wilson suffered a serious stroke. It left him paralyzed on his left side, with only partial vision in the right eye, and his mental capacity was greatly diminished. He was confined to bed for many weeks. They kept him sequestered from everyone except his wife and his physician. Wilson altered even his personality and his doctor AFTER his death admitted that he suffered “disorders of emotion, impaired impulse control, and defective judgment.” While they tried to hide his impairment, many considered that he was really the first female President of the United States. She had him sign actions that were questionable if he knew even what they were. There was very little support for Wilson to run for a third term.

Republican Senator Warren G. Harding of Ohio won the election with 60.4% of the popular vote defeating the Democratic Governor James M. Cox of Ohio. The interesting aspect here is that both the running vice-presidential nominees later became presidents. Calvin Coolidge (Republican) succeeded Harding after his death in 1923. However, Cox’s VP who lost was Franklin D. Roosevelt (Democratic) who would defeat Republican President Herbert Hoover in 1932.

With two of our models projecting about a 60% victory for what would be Donald Trump is 30 points ahead of all other Republicans, this is no doubt the reason we see him now with unprecedented three indictments in New York, Florida, and Washington, DC. There is just NO WAY the Neocons will allow Trump to take office. They are so desperate, it would not surprise me if he is assassinated and they blame it on some mentally disturbed person or perhaps a Chinese to launch that war. As it stands, Trump could get a historical high in the popular vote that exceeds 61%. All of these indictments only show how scared the Neocons really are.

This is NOT my personal Opinion

This is simply the Forecast from our Computer

which is Non-Binary, and Non-Political as well as Non-Denominational

They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating


Posted originally on the CTH on August 2, 2023 | Sundance 

Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.

Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.

In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.

(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.

U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”

[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.

After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.

In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)

What do Barack Obama and Joe Biden have in common?  They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.

Special Counsel Jack Smith Unseals Criminal Indictment of President Trump for Protesting Results of 2020 Election


posted originally on the CTH on August 1, 2023 | Sundance | 321 Comments

Special Counsel Jack Smith held a press conference today following the unsealing of a federal criminal indictment alleging four counts against President Donald J Trump. [Full Indictment pdf Link]

The four alleged criminal counts are: (1) Conspiracy to defraud the U.S Government; (2) Conspiracy to Obstruct an Official Proceeding; (3) Obstruction of and Attempt to Obstruct an Official Proceeding; and (4) Conspiracy against Rights.

Interestingly, nowhere in the indictment is anything criminally alleged relating to the January 6, 2021, events at the U.S. Capitol building in Washington DC.  However, you will notice in the Lawfare delivery of the remarks, Special Counsel Jack Smith factually speaks almost exclusively of the January 6th events.

The absence of a criminal charge (ie. seditious conspiracy or insurrection) when contrast against the extreme verbal emphasis of the event as outlined by Smith in the presser, will be missed by most.  Speaking of the non-criminal event as the context for a fabricated/stretched criminal allegation, is Lawfare in action.  Why emphasize but not charge?  Because the DOJ/FBI does not want the risk of litigated discovery and evidence of coordinated government activity therein, that’s why.

Jack Smith knows he is out on a limb with his Lawfare effort to criminalize the legal and constitutional challenge to an election outcome. He is nervous, WATCH:

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The brighter the sunlight falling upon government corruption and weaponization, the more those who perpetrate corruption and weaponization will have to shield against it.

At this point in history these attacks against President Donald Trump are Lawfare members sticking fingers and toes into the cracks of a justice dam that is increasingly unstable and about to collapse.  The pressure on the other side is the dam is the collective anger of We The People, and when that dam breaks no pre-positioned scuba gear is going to protect them.

Continue living your very best life.  Do not let yourself or your family fall victim to the fear of dark imaginings.  However, look beyond our current proximity and keep your eyes open for any/all constructs that can be repurposed to protect government interests through physical lock downs.

Anchorage Mayor to Fly Homeless to Los Angeles




Armstrong Economics Blog/USA Current Events Re-Posted Aug 1, 2023 by Martin Armstrong

“We are going to offer them a chance to stay warm this winter,” Anchorage, Alaska, Mayor Dave Bronson stated regarding the growing homeless population. Eight people died of exposure last year, and Bronson said it is cheaper to pay for a one-way flight than to create makeshift housing. Bronson said a one-way ticket to LA would cost the city about $286 per person. In comparison, the city would need to spend over $100 daily for temporary shelter.

The program has not been funded or approved. Obviously, LA is not too happy about the announcement. “Someone says, ‘I want to go to Los Angeles or San Diego or Seattle or Kansas,’ it’s not our business,” Bronson said of their final destination. “My job is to make sure they don’t die on Anchorage streets.” About 40% of Alaska’s population lives in Anchorage, but they host 65% of the homeless population. “The taxpayers to whom I’m responsible to can’t keep footing the entire bill,” he said. “We need a statewide solution to a statewide problem.”

LA Mayor Karen Bass declared a state of emergency in 2022 regarding the growing homeless population. “It will create the structure necessary for us to have a true, unified and citywide strategy to set us on the path to solve homelessness,” Bass said after promising to house at least 17,000 people during her first year in office. This was before the US-Mexico border was opened to the world. The homeless population in LA continues to grow at a record pace.

No one knows exactly what to do about the growing homeless problem in America. Our politicians are willing to send hundreds of billions to Ukraine but refuse to address the issues we face at home.

House Oversight Committee Releases Statement Following Devon Archer Testimony


Posted originally on the CTH on July 31, 2023 | Sundance 

Today, Hunter Biden’s friend and business partner Devon Archer testified in a closed session before the House Oversight and Government Reform Committee.

At the conclusion of the testimony, the House committee released the following statement. Hopefully a transcription of the testimony will soon follow.

WASHINGTON—House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) issued the following statement following Devon Archer’s four-hour transcribed interview with the committee:

“Devon Archer’s testimony today confirms Joe Biden lied to the American people when he said he had no knowledge about his son’s business dealings and was not involved. Joe Biden was ‘the brand’ that his son sold around the world to enrich the Biden family. When Joe Biden was Vice President of the United States, he joined Hunter Biden’s dinners with his foreign business associates in person or by speakerphone over 20 times. When Burisma’s owner was facing pressure from the Ukrainian prosecutor investigating the company for corruption, Archer testified that Burisma executives asked Hunter to ‘call D.C.’ after a Burisma board meeting in Dubai.

“Why did Joe Biden lie to the American people about his family’s business dealings and his involvement? It begs the question what else he is hiding from the American people. The House Committee on Oversight and Accountability will continue to follow the Bidens’ money trail and interview witnesses to determine whether foreign actors targeted the Bidens, President Biden is compromised and corrupt, and our national security is threatened.”

Below are key takeaways from Devon Archer’s transcribed interview:

♦Devon Archer testified that the value of adding Hunter Biden to Burisma’s board was “the brand” and confirmed that then-Vice President Joe Biden was “the brand.”

♦Archer admitted that “Burisma would have gone out of business if ‘the brand’ had not been attached to it.” He believed that Hunter Biden being on the board and the Biden brand contributed to Burisma’s longevity. People would have been intimidated to mess with Burisma legally because of the Biden brand.

♦In December 2015, Mykola Zlochevsky, the owner of Burisma, and Vadym Pozharski, an executive of Burisma, placed constant pressure on Hunter Biden to get help from D.C. regarding the Ukrainian prosecutor, Viktor Shokin. Shokin was investigating Burisma for corruption. Hunter Biden, along with Zlochevsky and Pozharski, “called D.C.” to discuss the matter. Biden, Zlochevsky, and Pozharski stepped away to make the call. This raises concerns that Hunter Biden was in violation of the Foreign Agents Registration Act.

♦Devon Archer testified that Hunter Biden put then-Vice President Joe Biden on the speakerphone during business meetings over 20 times. Archer testified that Joe Biden was put on the phone to sell “the brand.” These phone calls include a dinner in Paris with a French energy company and in China with Jonathan Li, the CEO of BHR.

♦Archer acknowledged that then-Vice President Biden had coffee with Jonathan Li, the CEO of BHR, in Beijing. Then-Vice President Biden even wrote a letter of recommendation for college for Li’s daughter.

♦Archer confirmed Joe Biden was referred to as “my guy” by Hunter Biden.

♦In spring of 2014, then-Vice President Biden attended a business dinner with his son, Hunter, and his associates at Café Milano in Washington, D.C. Elena Baturina, a Russian oligarch who is the widow of the former mayor of Moscow, attended the dinner. Notably, the Biden Administration’s public sanctions list for Russian oligarchs does not contain Baturina. (read link)

As noted by Kaneoka:

November 2010: Joe Biden had a sit-down meeting with Eric Schwerin – the president of Hunter’s private equity firm – in the West Wing.

November 2011: Joe Biden met with Chris Heinz — a co-founder of Hunter’s private equity firm — in the West Wing.

March 2012: Joe Biden met with Andres Pastrana Arango — the former president of Colombia who Hunter was doing business with — at his personal residence.

December 2013: Hunter flew with Joe Biden aboard Air Force Two to China, where he introduced him to Jonathan Li, a Chinese businessman.

February 2014: Joe Biden had lunch with Hunter and two of Hunter’s Mexican business partners and was pictured giving them a tour of the White House.

April 2014: Joe Biden met with Devon Archer — another co-founder of Hunter’s private equity firm — in the White House a week before Archer joined the board of Burisma.

June 2014: Joe Biden met Manuel Estrella — Hunter’s Latin American business associate. After the meeting, Estrella emailed Hunter: “Hunter, I just met your father! So exciting!” Hunter replied: “I’m glad it all finally came together.”

August 2014: Pictures show Joe Biden golfing with his son, Hunter, and Devon Archer while they were both serving on the Burisma board.

April 2015: Joe Biden attended a dinner in Washington, D.C., with Hunter’s business partners from Russia, Ukraine, and Kazakhstan.

November 2015: Joe Biden hosted his son’s Mexican business partners — Carlos Slim, Miguel Aleman Velasco, and Miguel Aleman Magnani — at his personal residence.

February 2016: Biden flew Hunter and Jeff Cooper — a family business partner — to Mexico City for a business trip aboard Air Force Two.

May 2016: Joe Biden met with Eric Schwerin — the former head of Hunter’s private equity firm — for dinner in Washington, D.C.

September 2016: Joe Biden attended a fundraiser for Francis Person — a business associate of Hunter’s and a former advisor in Biden’s VP office.

May 2017: Joe Biden met with family business partner Tony Bobulinski TWICE.

June 2018: Joe Biden texted Hunter saying that he was with Jeff Cooper — a family business partner — and that Cooper wanted to “do some work” with him.

Photos, emails, text messages, and White House visitor logs CONFIRM these meetings took place. It’s not up for debate.

So why did Joe Biden lie?

Remember, always temper investigative optimism about foreign policy corruption with two big picture realities.

First, the entire business model of DC politics is designed around politicians selling U.S. government policy for personal financial gain. The Republicans and the Democrats both participate in this endeavor. This is why multi-millionaire candidates will spend $10+ million on a campaign to take a job as a senator earning $400k/yr.

Second, the House Oversight Committee is the Chaff and Countermeasures committee. The congressional committee without specific jurisdiction where all congressional investigations are sent to generate fundraising points, and then die a kick-the-can death.

Suspicious Timing – DOJ Sends Letter Asking for Fast Sentence Against Hunter Biden Witness, Devon Acher, on Eve of Congressional Testimony


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

On the eve of very high-profile House committee testimony by Hunter Biden’s business associate, Devon Archer, mysteriously the DOJ from the Southern District of New York asks Judge Ronnie Abrams to schedule a date for Archer to report to prison in an unrelated case.  If the SDNY was attempting to threaten or intimidate Archer in advance of his testimony, this is the path they would take. {Direct Rumble Link}

As noted by Politico, “The court isn’t expected to make a decision before Archer will meet behind closed doors with the House Oversight Committee, meaning that even if the court ultimately sides with the request Archer wouldn’t have to report to prison before the meeting. And his attorney said in a statement that he will move forward with his planned appearance Monday.”  However, the timing of the letter on the weekend before the testimony looks transparently motivated.

House Oversight Committee Chairman James Comer discussed with Maria Bartiromo earlier today.  WATCH:

“I don’t know if this is a coincidence, Maria, or if this is another example of the weaponization of the Department of Justice. But I can tell you this, the lengths to which the Biden legal team has gone to try to intimidate our witnesses, to coordinate with the Department of Justice, and to certainly coordinate with the Democrats on the House Oversight Committee, to encourage people not to cooperate with our investigation, to encourage banks not to turn over bank records, to encourage Treasury not to let have access to those suspicious activity reports, It’s very troubling. I believe that this is another violation of the law. This is obstruction of justice.”  ~ James Comer

Full Interview Below.

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Trying to Make Heads or Tails about Recessions


Armstrong Economics Blog/Economics Re-Posted Jul 28, 2023 by Martin Armstrong

QUESTION: Looking at Socrates,  do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for commodity inflation into 2024. How would you define a recession?

EJ

ANSWER: In trading, reactions are 1 to 3 time units. I believe that the same definition should be used for classifying a recession. They define a recession as two consecutive quarterly declines. If you look at the “Great Recession” of 2008-2009, you will see three consecutive quarterly declines and a rebound. If we look at the COVID recession caused by locking everyone down, that was just two consecutive quarterly declines.

I personally would argue that a true economic recession MUST exceed three consecutive declines. Here is the chart of GNP from 1929 to 1940. There were three years of negative growth. I simply think that this definition of two quarters is wrong. You can have a slight decline of 1 to even 5%, but that does not suggest a recession. In the case of 1929, that was a decline of 9.5% in 1930 – the first year. Now look at the COVID Crash, which was also a decline of 9.53%. But the difference is that the COVID decline was forced and not natural. That is why it rebounded so quickly. Now the so-called “Great Recession” of 2008-2009 only saw a decline in GDP of 3.47%.

The “Great Recession” was not really so great. It wiped out real estate and bankers but did not fundamentally alter the economy. So who is right and who is wrong will always depend upon the definition. Yes, the AI Timing Arrays point to a recession starting Next Year by their definition. This will most likely be caused by the decline in confidence that will lead to UNCERTAINTY, and as such, the consumer will contract. Up to now, the continued expansion of the economy into 2024 has also been fueled by the shift in assets from public to private.

As originally forecast, we should have seen a commodity boom into 2023,

and we should expect a highly authoritarian attempt by 2028.