Posted originally on Apr 26, 2025 by Martin Armstrong |
COMMENT: Martin,
Had to laugh here’s a comment about Janice Stein and Mark Carney.
As my father in law always said, “in the valley of the blind the one eyed man sees the most.”
The world is full of Academics that have no clue, too many people playing business and politics with other people’s money and lives!
“Janice Stein Endorsed Carney . Canada’s Leading, Most Respected Political Scientist and International Affairs Expert Janice Stein saying “Mark Carney is the “World’s Leading Economist” and Could very well lead the “Whole World” through the Trump Crisis, let alone Canada.” Stein isn’t just a leading voice in Canada—she’s recognized worldwide for her expertise in conflict resolution, global governance, and international relations. When someone of her global standing says this, it’s a big deal! Janice Gross Stein is Canada’s leading, most respected political scientist and international affairs expert.”
When a third of the country works for the Government, and a third is living off the Government, it sure makes it hard for the other third to vote for a Government.
Unfortunately, this Monday, Canada will witness another Liberal win, which will confirm your forecast that Canada will split!
It’s just time!
Jim M
REPLY: Carney was a key player in this Net-Zero nonsense, and he has lied about everything and acts like he is running against Trump – nobody else. I have not yet confirmed that the coup at the WEF was also in hopes of supporting Carney to claim he is not truly linked to Schwab, since he is no longer there. Trudeau resigned to avoid a NO CONFIDENCE vote, which would have led to the loss of power for the Liberals. Every step of this game is to retain power for the LEFT.
Carney is the instrument of Canada’s demise, for the LEFT will always burn down their own houses to protest against the RIGHT. Carney offers nothing that will benefit Canada, and the joke that Canada will replace the USA as the new leader of the world is laughable. Canada is highly socialistic, so the “income inequality” is lower, just like Communist Russia and China, which ultimately caused their demise. The productivity of the US compared to Canada explains the cost of the more regulations that Canada adopts, following Marx’s socialist philosophy.
United States: $76,643
Canada: $56,316 The U.S. GDP per capita is about 36% higher than Canada’s in nominal terms.
The U.S. indeed has higher inequality, so that median income disparities may be less pronounced. The U.S. generally has higher labor productivity due to greater investment in innovation and technology. The U.S. population (332 million) is nearly 9x larger than Canada’s (38 million), the US economy accounts for 25% of the entire world’s consumer spending, which is why the US is the reserve currency of the world because everyone has to sell whatever products for export to Americans – not Canadians.
Carney’s Vision of Replacing the United States as New World Leader
There has been a coup at the World Economic Forum because these very LEFTIST views and agendas are collapsing. So, Carney wants to lead the world on a sinking ship? As one reader put it.
“It appears from here, at first glance, that the WEF is repainting its storefront in an effort to stay in business while narrowing its attacks on the global food supply chain to taking control of the water supply. Same depopulation goal, new coat of paint.”
FA in Arkansas
Military:
The US has one of the largest militaries globally, with approximately 1.3 million active-duty personnel, with 800,000 reserves, which is the highest globally at $877 billion (2023), about 3.5% of GDP.
Canada has around 68,000 active personnel and 27,000 reserves, which cost $26.5 billion (2023), roughly 1.3% of GDP.
The US military is a global powerhouse with unmatched scale and technology, while Canada’s smaller force emphasizes specialized roles, alliances, and domestic/Arctic security. Their cooperation through NATO and NORAD underscores a strategic partnership, with Canada often leveraging US capabilities for broader defense needs. Yet, Carney is claiming that Canada will now lead the world? Differences in budget and scope reflect distinct national priorities.
The 2025 Canadian federal election will be held on April 28 to elect members of the House of Commons to the 45th Canadian Parliament. The problem with Canada is that the Parliamentary System does not allow the people to vote for who should lead the country. Carney would never become president in the United States, where 42% would be the loser. The problem is that governments are cobbled together with coalitions, and this is what prevents any true economic progress for the future.
The LEFT has been declining since its high in 1949, necessitating coalition governments to remain relevant. Trudeau only won 32.62% of the vote in 2021. Carney should beat that since the 2021 election was most likely the bottom of a 72-year cycle. Additionally, the higher percentage of the workforce employed by the government in Canada naturally gives them an edge over conservatives. The rate of the US workforce employed in government is 13.8%, compared to 18.6% in Canada. This is what has lowered the Marxist view of “income equality” in Canada vs the USA.
We will do an Update on the threat of Canada Splitting soon.
Posted originally on Apr 26, 2025 by Martin Armstrong
COMMENT: Nigel Farage said that your WEC events were the “alternative to Davos,” but you also don’t gouge people as Schwab does. He charges between 500,000 and 700,000 CHF to be a member and 27,000 CHF to attend Davos. Your forecasts come true, theirs never do. Our firm did not renew for 2025 after Trump won the election. Our board follows your projections, not those of the World Economic Forum (WEF). You’re correct, you went there only for political connections, not for the forecasts. Their failure to achieve Agenda 2030 is apparent. Schwab’s board members have been placed in high positions, from the ECB and the EU, as well as with the gullible like Trudeau and Carney in Canada.
Nigel’s Reform Party is now also in first place. This is because he shares your philosophy, not Schwab’s.
You are the only real forecaster and the genuine alternative to Davos.
DH
REPLY: Thank you. In all honesty, Schwab was never right because he is an academic caught up in the Marxist theory that the government has the power to control and alter the direction of the economy and society. Nobody has ever been able to change the business cycle, let alone “flatten the curve” of a virus.
He stuffed political positions with his star pupils and bragged about infiltrating so many cabinets, especially those of the Liberal Party in Canada and in New Zealand.
The lockdown destroyed the economy because these people only look at a single issue and cannot understand that (1) we are all connected, and (2) the lockdown failed to reverse the climate change nonsense, which was the fundamental objective, nor did it stop the virus that comes back seasonally. The WEF was proud of the lockdowns.
What they just did to Schwab is consistent throughout history: the LEFT is always the most violent. They always view themselves as the victims of the RIGHT because they work for their money and get ahead. The LEFT revolutions of 1848 and the early 20th century have killed hundreds of millions. Nothing will ever change in this regard.
Posted originally on Apr 26, 2025 by Martin Armstrong
World Economic Forum founder Klaus Schwab is under an internal investigation by the organization he created. There is no question that it has been alleged that the WEF got money from USAID. Exactly how much is hard to say for sure. It has been alleged to be in the tens of millions. Yet here we suddenly have an anonymous whistleblower sending a letter alleging financial and ethical misconduct by the longtime leader and his wife. The strange thing here is that it is either anonymous, or they are hiding the names of current and former Forum employees. Schwab’s management style was always authoritative, based on allegations, and he did not tolerate mistakes. That raises the possibility of disgruntled “former” employees.
This sudden internal investigation, when DOGE is uncovering abuses in funding things at the USAID, is the hallmark of an internal coup. If these people were with Schwab for years, why would they suddenly take a purely anonymous letter as having any credibility? They should know him personally and his character. My sources, which are very reliable, suggest from third parties inside the WEF that the allegations are false.
Something like this would never be acceptable in any court of law, especially if it’s anonymous. It would be the worst or the worst hearsay, where you cannot even point to who made the allegation. Klaus Schwab rejects the whistleblower allegations, yet he has been banned from even entering the WEF premises in Geneva. Interim President Peter Brabeck-Letmathe and CEO Börge Brende have taken over, and this does not appear to be on the up and up. My sources have explained that events escalated on Wednesday. After the Board publicly announced an investigation into its resigned president, Schwab launched a counteroffensive.
The WOKE agenda that the WEF promoted has lost all credibility in the wake of Trump’s victory. That has unfolded as a contagion, and we are witnessing the right rise up everywhere. In Germany, the AfD is now the largest party, and in Britain, Nigel Farage’s Reform Party is also now NUMBER #1. This is a coup also to try to change the image of the WEF away from the crazy left, you will own nothing and be happy, to a more authoritarian position of world dominance. This is why they are deliberately trying to destroy Schwab’s reputation, and this whistleblower may even be a staged event.
Yes, our computer had forecast that the WEF would enter a declining trend with the 2024 ECM turning point. This staged coup to try to save the WEF has come about 37 years after the first Davos meeting (8.6 x 4.3). From our model’s perspective, this was right on time.
USAID CONNECTION:
Then there is the USAID connection. As far as USAID and what I have been able to confirm, they did collaborate with Schwab’s World Economic Forum on specific initiatives, but there is no evidence of direct, broad institutional funding from USAID to the WEF. What appears to be fact is that USAID and the WEF have partnered on projects aligned with shared goals, such as economic development, climate resilience, and public-private partnerships. For example, they have worked together on initiatives like the Food Innovation Hubs and efforts to promote sustainable agriculture. These collaborations often involve coordination with private-sector actors and other stakeholders, rather than direct financial grants to the WEF itself.
The WEF primarily relies on membership fees from corporations and foundations, as well as participation fees for its annual meeting in Davos. USAID’s involvement typically supports specific programs or co-hosted events rather than the WEF’s general operations. Searches of U.S. government spending databases (e.g., USASpending.gov) do not show significant direct contracts or grants from USAID to the WEF. Any financial interactions would likely be tied to discrete projects or events.
Both organizations have acknowledged their collaborations in press releases and reports. For instance, USAID has highlighted joint efforts with the WEF on initiatives like digital inclusion and disaster response, emphasizing leveraging private-sector resources.
Consequently, there is a decline in the WOKE Agenda 2030 and the USAID / WEF programmatic partnerships, with potential DOGE investigations, throwing Schwab under the bus seemed the only way out, trying to save the WEF from a larger scandal. However, I am not aware of any direct institutional funding from USAID to the WEF at this moment. Their cooperation appears to be project-specific, aimed at advancing shared development goals through multi-stakeholder engagement. Some wonder if this funding, which is under investigation, also played a key role in this urgent crisis, leading to Schwab being thrown under the bus and even banned from the premises.
Based on this, an anonymous letter was sent last week to the Forum’s board, raising concerns about the Forum’s governance and workplace culture. According to the letter, it alleged that the Schwab family had mixed their personal affairs with the Forum’s resources without proper oversight. While that is not so far-fetched insofar as it is a fairly common issue that has been alleged countless times, as with Marine Le Pen in France, claiming some local expenses were paid with EU funds.
The outlandish allegations are that Klaus Schwab asked junior employees to withdraw thousands of dollars from ATMs on his behalf and used Forum funds to pay for private, in-room massages at hotels. That does not seem plausible. If he were taking cash, he wouldn’t hire employees to do that. Plus, any in-room massage is typically billed to the hotel room, not paid in cash. The letter alleged that his wife, Hilde, would schedule “token” Forum-funded meetings in order to justify luxury holiday travel at the organization’s expense. This is again hard to prove. Did she hold a meeting in Paris so she could also go shopping? Or was there a meeting, and in her spare time, she went shopping? These are not allegations that warrant banning him from the premises and destroying his reputation.
At an emergency meeting on Easter Sunday, April 20, 2025, Klaus Schwab stepped down as Chairman and Board member of the World Economic Forum, effective immediately. He said publicly:
“Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect.”
The board said that according to the rules, they “unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim. It also established a Search Committee for the selection of a future Chair.” The Board on Sunday expressed its gratitude for his 55 years of relentless leadership at the helm of the Forum, said WEF. They added:
“At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical. The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration.”
What’s strange is that the board of trustees decided to open an investigation during an emergency meeting on Easter Sunday. By Wednesday, they are throwing him under the bus and destroying his reputation. He will forever be labeled a fraud, regardless of the facts, since the media will pronounce him guilty without a trial. The Board insists that Schwab opted to resign immediately as the chairman, instead of staying on for an extended transition period as previously planned. He has naturally denied every allegation hurled at him since. No doubt, Klaus Schwab will file a lawsuit against whoever is behind the anonymous letter and “anybody who spreads these mistruths,”his spokesman said.
In a statement, the WEF said its board unanimously supported the decision to initiate an independent investigation “following a whistleblower letter containing allegations against former Chairman Klaus Schwab. This decision was made after consultation with external legal counsel.”
I am no fan of Klaus Schwab, as everyone knows. I disagree with his theories from start to finish. Nevertheless, something doesn’t smell right here. This appears to be an internal coup, perhaps to distract attention from the question of alleged funds for the WEF from USAID, or to try to salvage the collapse in support due to the failure of Schwab’s Agenda 2030. The political wind has shifted. They are not stupid.
No definitive comparison can be made between 2024 and 2025 attendance until official data is released after the events take place. Any analysis before then would be speculative, relying on broader trends or announcements from the WEF. Nevertheless, the perception was that many people skipped the event as the Trump victory was essentially driving a stake through the heart of the WEF Agenda 2030.
The Forum conveniently said that it takes:
“these allegations seriously, but they remain unproven, and will await the outcome of the investigation to comment further.”
The letter also raises concerns about how Klaus Schwab treated female employees and how his leadership over decades allegedly allowed instances of sexual harassment and other discriminatory behavior to go unchecked in the workplace, allegations that were raised in a Wall Street Journal article and previously investigated by the Forum. The Forum disputed the Journal’s reporting at the time, and Schwab denied the allegations against him. When they weren’t to stage a coup, everything was used to completely destroy Schwab’s reputation and his life’s work, for that appears to be the goal. The Board now said:
“We feel compelled to share a comprehensive account of systemic governance failures and abuses of power that have taken place over many years under the unchecked authority of Klaus Schwab.”
There was also a previous board probe into the workplace culture of the organizer of the annual Davos conferences in recent weeks. In a recent memo, Børge Brende, the Forum’s CEO, said the Forum would take steps to address the leadership issues identified by the previous probe and that the investigation did not substantiate the allegations against its founder. This has the appearance of trying to salvage the Davos events and high membership fees after what may have been a sharp decline in attendance last January.
This decline in attendance may have been the real reason behind Schwab’s previous statement that he would step down as non-executive chairman of the Forum’s board, and the Forum said the succession process would be completed by January 2027. The rise of the right and the apparent collapse of Agenda 2030 most likely prompted that statement. Still, they may have decided that they needed a scorched earth strategy and staged this anonymous whistleblower letter to blow up that timeline. What sources have said was that trust between the board and Schwab had been deteriorating since the 2025 Davos meeting
The World Economic Forum (WEF) and its founder, Klaus Schwab, are often subjects of public discourse, particularly regarding their influence on global policies, such as the Great Reset, and initiatives discussed at the annual Davos meetings. While there isn’t a single definitive “poll” universally referenced, respect for the institution has also often become the topic of jokes, much as Goldman Sachs was during the Great Depression in Vaudeville. I have pointed out that they speak only in fundamental terms, which are always WRONG because they think influence works and manipulating the world economy is the answer. The Davos attendees couldn’t see the 2008 crisis coming. The unreliability of their predictions has been legendary. People pay huge fees only to meet politicians in hopes of gaining influence. It has always been a high-stakes game that does not control the world any more than it can prevent its own decline.
One allegation raised in the letter is the Schwab family’s use of Villa Mundi, a luxury property purchased before the pandemic by the Forum, next to the organization’s headquarters in Geneva. It was renovated over several years and opened as a meeting and conference center in 2023. The allegation of this whistleblower claims that Hilde Schwab maintains tight control over use of the building and that portions of the property are understood to be reserved for private family access; the Schwabs deny the claim. This is the level of pettiness that seems to be more interested in a character assassination in hopes of saving the WEF from its cyclical decline.
Hilde Schwab oversaw renovations to the property, while the refurbishment incorporated materials such as recycled glass and fishing nets, according to local news reports. The upgrades cost $20 million in addition to the $30 million cost for the property. The spokesman for the Schwabs stated that they live near Villa Mundi and have used it only for Forum-related events. Hilde Schwab said,
“The building is a role model for sustainable architecture, which is dear to my heart, and I was glad to show it to people who expressed interest.”
This is net-picking for a distinct purpose. Over the weekend, Schwab told board members that the whistleblower allegations were unfair and inaccurate, and he sought a chance to address the board during its Sunday meeting. The board decided against that, and did not allow Schwab to answer the allegations, which in itself is certainly not Due Process. Even the Sixth Amendment to the US Constitution guarantees your right to confront your accuser. The WEF would not allow Trump even to respond. This smells of a setup, and I disagree with Schwab professionally, but this was like a medieval trial of the Spanish Inquisition. Schwab was even stripped of his 5 million Swiss franc pension.
Schwab’s leadership was marked by divisive initiatives like the Great Reset and the Fourth Industrial Revolution, which critics call dystopian and pro-centralization. The WEF’s 2016 slogan — “Welcome to 2030: I own nothing, have no privacy…” — further fueled concerns about eroding personal freedoms. The Forum immediately appointed Peter Brabeck-Letmathe, the former Nestlé CEO, as the interim chairman and established a search committee for the future chair’s selection. Was this simply a coup for political purposes to discredit Schwab and every aspect of his Fourth Industrial Revolution and Agenda 2030? This is clearly a coup in a desperate attempt to save the WEF from failure when it has NEVER been able to forecast anything – EVER!.
Brabeck-Letmathe’s appointment raised fears of heightened corporate globalization. The new chair’s past comments — declaring water a commodity, not a human right — and Nestlé’s contested water policies signal continuity of WEF’s resource-centralization goals. Critics argue his leadership prioritizes profit and technocratic control over public welfare. Conservative voices framed Schwab’s exit as damage control, warning that Brabeck-Letmathe’s ties to corporate exploitation (e.g., water privatization) reveal the WEF’s unchecked agenda. Upcoming battles over digital ID systems, carbon credits, and autonomy loom as scrutiny intensifies.
While I disagree with Schwab’s Great Reset and Agenda, I must still look at this dispassionately. This is a desperate coup to save a failing WEF in the face of the decline and fall of extreme LEFTIST policies.
Posted originally on Apr 25, 2025 by Martin Armstrong
Peter Brabeck-Letmathe has replaced Klaus Schwab as the acting CEO of the World Economic Forum in what appears to be a stage coup. The 80-year-old Austrian businessman spent his career working for Nestle, moving through the ranks from 1968 to 1997 when he was appointed CEO, a position he held until 2008. He remained at Nestle as a chairman until 2017, when he was appointed as Chairman Emeritus.
Brabeck-Letmathe held board memberships with Credit Suisse, Roche, Exxon Mobil, L’Oréal, and Salt Mobile SA. He was the founder and chairman of the 2030 Water Resources Group (WRG), a public-private partnership within the World Bank.
The 2030 Water Resources Group (2030 WRG) is a global multi-stakeholder partnership that brings together governments, the private sector, and civil society to address the growing challenges of water scarcity and water management worldwide. This program was first launched at the WEF’s Davos in 2008, and naturally, Nestle is a major partner as well. Demand for water will outweigh supply by 2030, the group insists, and its goal is to manage the world’s water supply.
Nestle extracts free-flowing water, bottles it up in plastic containers, and marks it up for a profit. The company has acquired water extraction rights across North America, permitting it to extract large volumes of water from public lands, springs, and aquifers, often siphoning far more than the law permits. The company effectively found a way to privatize access to water. Many communities have gone without water due to the company’s control over the water supply. The company has no concern for the environment or human rights, and this is merely the tip of the iceberg in terms of their corrupt practices.
What better way to control the masses than to control the water supply? Remember, the World Economic Forum has strongly advocated banning independent farming and gardening. Everything they ban is under the premise of protecting the climate, but as you can see, the new WEF CEO has never cared about the environment.
The WEF partnered with the United Nations to encourage “global policy coherence” and increased investment to manage the world’s water supply. It is no conspiracy – globalist entities are scheming ways to manage our water usage. These unelected entities believe they can deem what constitutes essential and non-essential water usage. Brabeck-Letmathe believes 98.5% of freshwater used for farming and agriculture should be classified as an economic good that is priced according to reduce waste. Controlling the water supply will permit them to also control the food supply.
Peter Brabeck-Letmathe has spent a lifetime studying methods for privatizing water. In the video above, Brabeck-Letmathe said that Klaus Schwab asked him why he wanted to focus on water over CO2 and the Earth’s warming. “I think our real problem is more urgent—it’s on the water side.” He later noted that governments must first believe that they have a water crisis and then partner with the private sector to solve this new problem. Agenda 2030 did not die with Schwab’s departure. There is a new leader at the helm and a new focus to usurp ultimate control over the global population.
There has been a Coup at the WEF for nefarious Reasons,, which we will discuss separately on the weekend
Posted originally on Apr 25, 2025 by Martin Armstrong
Federal Reserve Governor Michael Barr is urging banks to begin collecting behavioral and biometric data from customers to combat deepfake digital content created through ID. These deepfakes are capable of replicating a person’s identity, which “has the potential to supercharge identity fraud,” Barr warned.
“In the past, a skilled forger could pass a bad check by replicating a person’s signature. Now, advances in AI can do much more damage by replicating a person’s entire identity,” Barr said of deepfakes, which have the “potential to supercharge identity fraud.”
“[We] should take steps to lessen the impact of attacks by making successful breaches less likely, while making each attack more resource-intensive for the attacker,” Barr insists, believing that regulators should implement their own AI tools to “enhance our ability to monitor and detect patterns of fraudulent activity at regulated institutions in real time,” he said. This could help provide early warnings to affected institutions and broader industry participants, as well as to protect our own systems.”
Barr would like banks to begin sharing data to combat fraud. Deepfake attacks have been on the rise, with one in 10 companies reporting an attack according to a 2024 Business.com survey. Yet, will our data be safer in the hands of regulators?
The Office of the Comptroller of the Currency (OCC) fell victim to a cyber attack after discovering that hackers had been accessing their emails for over a year. Hackers found their way into an admin account, permitting them to access internal communications of over 100 banking regulators. Former Treasury Secretary Janet Yellen had her own computer hacked by Chinese state-sponsored actors who used a third-party vendor to access sensitive, unclassified documents.
Regulators have been unable to protect themselves, but they believe that they can protect us if we continue to share our valuable data. All freedoms are relinquished in the name of protection.
Posted originally on Apr 25, 2025 by Martin Armstrong
COMMENT #1: Hi Martin,
Looks like Socrate’s forecast for India vs. Pakistan is close.
BT
COMMENT #2: I confess. I do not know how you do it. You warned us here that India and Pakistan could be at war in 2025, and you said that five years ago when you were here. No wonder the government wanted your code, and they kept you in prison on civil contempt longer than anyone in history. They and Bloomberg have done their best to try to stop people from listening to you. They don’t understand; there’s more to this than you just saying something.
God Bless.
DH
COMMENT #3: I don’t know how you do it. You are unbiased and never political. I have seen you criticize Trump as well, showing you are always objective. When you were here in India, your long-term forecast was remembered. We never thought it was implausible. Now, 2025 has arrived, and the hostilities have bubbled to the surface.
Thank you for your remarkable objectivity.
PN
Pakistan Shuts Airspace, Indian Warships Move Towards Pakistan, Water War Begins
ANSWER: Pakistan has issued a maritime warning ahead of a missile test off the Karachi coast, intensifying tensions with India following a deadly terror attack in Kashmir. India has blamed Pakistan-based terror groups and retaliated by suspending the Indus Waters Treaty and shutting down key diplomatic and border ties. As Pakistan prepares surface-to-surface missile tests in the Arabian Sea, India has expelled Pakistani diplomats and ordered SAARC visa holders to leave.
Both nations are now scaling down their embassies, raising fears of escalation between the two nuclear-armed neighbors. India gave Pakistanis 48 hours to get out of the country. The grudges remain for centuries, and there is never any actual resolution – only a temporary pause in hostilities.
My mother always told me that there was a time and a place for everything. When I think back, she would always counsel patience. Even Maggie Thatcher, when we had a conversation about politics, long before Tony Blair was on the scene, she said that the Conservatives would lose the next election. When I asked why? She responded – “It’s just time.” When I was in the middle of tax reform going back and forth between Bill Archer, chairman of the House Ways & Means Committee, and Dir Army, leader of the Republicans, Dick said to me he could not agree with Bill on the Retail Sales Tax substitute for the Income Tax and said, “Marty, you know cycles. When the Democrats get back, “we would have both the Income Tax and the Retail Sales Tax.” I admitted, Dick was right.
It’s a matter of time. India and Pakistan are religiously divided, so there is no solution like Protestant vs. Catholic, Greek vs. Turkish, French vs. English or American, or Ukrainian vs. Russian. It’s never going to reverse centuries of hatred and suspicion.
The reasons for the partition originally included longstanding religious tensions, political demands for separate nations, and perhaps the British policy of ‘divide and rule’ exacerbating these differences. There were also events like the Direct Action Day in 1946, led by the Muslim League, which resulted in violent riots, making partition seem like a necessary solution to prevent further bloodshed.
But the partition itself was messy. There was a massive migration of people across the new borders, with Hindus and Sikhs moving to India and Muslims to Pakistan. There was a lot of violence, massacres, and displacement during this time. The region of Punjab and Bengal was divided between the two countries, leading to the current borders. Also, the princely states had to choose which country to join, which led to conflicts, like in Kashmir.
The partition of India and Pakistan occurred on August 15, 1947, when British India was divided into two independent nations: India (predominantly Hindu-majority) and Pakistan (Muslim-majority, split into East and West Pakistan until 1971, when East Pakistan became Bangladesh). The process was marked by widespread violence, displacement, and one of the largest mass migrations in history.
After World War II, Britain sought to withdraw from India quickly. The 1946 Cabinet Mission Plan initially proposed a united India with loose federations, but negotiations collapsed due to distrust between the Indian National Congress, led by Jawaharlal Nehru and Mahatma Gandhi, and the Muslim League.
Lord Mountbatten, the last Viceroy, accelerated the partition process through the June 3, 1947, Plan (also known as the Mountbatten Plan), which divided British India along religious lines. The partition remains a defining and traumatic event in South Asian history, shaping the region’s geopolitical dynamics to this day.
With 2026 a Panic Cycle Year in the Region
This is likely to escalate, and War will become a Contagion Globally
Posted originally on Apr 24, 2025 by Martin Armstrong
QUESTION: A recent analysis by Allianz economists claimed that, ordinarily, when yields on Treasuries rise, the U.S. dollar strengthens as foreign capital pursues those higher yields. However, the dollar weakened as yields rose. They said that in this instance, it “suggests major holders were not only selling Treasuries but also converting the proceeds into currencies – possibly reallocating to European markets.”
This does not seem to be correct. It looks like an opinion. Could you comment on this, please?
Thank You
Greg
ANSWER: I think a lot of people fail to appreciate the stark difference between the US markets and Europe. The NYSE is worth MORE in total capitalization than all of Europe COMBINED! The US consumer spending on a bad day is still 25% of global consumer spending. Europe accounts for $1.20 out of every $10 spent. Europe CANNOT be a reservoir for big capital. It is so socialistic, it is a joke. We invented capital flow analysis, and we have the actual data.
This idea is not original about interest rates and capital flows. This is the typical academic theory they still teach in schools today. In 1927, that was the FIRST G4 meeting where Britain, France, and Germany petitioned the NY Fed to lower interest rates in hopes that that would send capital back to Europe. When they did that, it CONFIRMED that there was a debt crisis, and even more money poured into the USA.
The Fed cut rates in the US to help Europe, and the markets continued to rise as capital flows into the US intensified. The money was pouring into the US equities, and the Dow more than doubled as the Federal Reserve raised rates from 3.5% to 6%.
China has been reducing its holdings of US debt ever since the 2014 Ukrainian War began and the Biden Administration threatened China with sanctions if it helped Russia. This is what I have spoken about the BRICS is all about: geopolitical theater, not economics. China saw removing Russia from SWIFT as using the world financial system as a geopolitical tool. The Biden Administration was run by the Neocons, who do not care about the people or the economy, only their myopic desire to destroy Russia.
This is why FOX News or any mainstream news organization would NEVER invite me because I rain on their parade. This is all about feeding people the narrative they agree with. This is never about news.
BLOOMBERG
Bloomberg has crossed to the dark side of propaganda; They are more concerned about hating Trump than they are about reporting just the facts, ma’am. They reported:
“The rotation by investors out of American assets will go on for years if President Donald Trump persists with his global trade war.”
“The Trump administration has arguably opened the door for the country’s financial dominance to be challenged, with the dollar and Treasury bonds losing appeal in what may be a dire shift of fortunes for America. US equities also have been underperforming global peers this year amid fear that Trump’s strategy of tariff chicken will damage growth and stoke inflation.”
This is all based on the Democrats’ propaganda during the 1932 presidential election. As I have said, there is no serious economist I have ever heard blame the Great Depression on the tariffs, which did not come into effect until June 1930, and they were a response to Europeans raising taxes 33 times after World War I.
By the way, Japan and China have also been dumping European Debt. With Europe pushing for World War III, you have to be insane to buy European debt. European shares hold the risk of capital controls, and you will not get your money out when the first bullet is fired.
So, people are selling US shares and debt and moving to Europe as a safe haven? They must be the same people who are still driving alone in their car with a mask on to feel safe.
Posted originally on Apr 24, 2025 by Martin Armstrong
Our Institutional Report covering all of Europe’s individual countries, with their forecasts generally out to 2032, has been a monumental effort. We greatly appreciate your patience, but this is vital for making decisions about future investments in Europe. Things are certainly different from what they were in the past. Countries like Sweden and Switzerland, which had been neutral during previous world wars, have surrendered their neutrality and will NOT prove a safe harbor for capital during this conflict. Sweden has joined NATO and even sent jets to Poland. Switzerland gave up all accounts held by foreigners and seized over $8 billion in accounts belonging to Russians, abandoning its historic traditions.
We have covered all of the Balkans, including Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Montenegro, North Macedonia, Romania, Serbia, and Slovenia. Additionally, we have covered the Baltic states of northeastern Europe on the eastern shore of the Baltic Sea, comprising three countries: Estonia, Latvia, and Lithuania. They are bordered by Russia to the east and Poland to the southwest. Of course, we have also included Ukraine.
Things have changed dramatically since World War II. The aggressor has changed, and those who were once neutral are no longer neutral. This has significantly changed the dynamics of where to place assets in the face of another European war, which is inevitable.
This report covers countries that nobody else even covers.
This also addresses the War with Russia & The eventual breakup of the EU itself
577 Pages fully illustrated with Charts and Arrays Per County, covering Currency and share markets
This Report is massive, and the price is $10,000 per institution.
(Email is ArmstrongEconomics.COM if you would like to be invoiced and pay by check or wire)
This report covers the fate of Europe and the currency. What this report also does is dive deep into what the European Union is preparing to fund its war through various means, which amount to a forced loan, using private citizens’ savings to fund the war against Russia. This report is quite extensive, covering the Euro, politics, geopolitics, and the upcoming capital controls. We highly recommend that our European clients take notice of this report, as there are serious risks to your future, and this is not a sales pitch.
Posted originally on Apr 24, 2025 by Martin Armstrong
NATO has heightened its alert level, placing fighter jets in the “highest state of readiness” in response to Russia’s aggressive strikes in Western Ukraine. The Armed Forces Operational Command confirmed that allied air forces have commenced patrols over Polish airspace near the Ukrainian border. Zelensky’s refusal to accept any peace deal demonstrates he is taking orders from NATO and the American Neocons, who, my sources say, are operating now out of Paris and London to ensure this war does not end. President Donald Trump on Wednesday lashed out at Ukraine’s president, saying Zelenskyy is prolonging the “killing field” after pushing back on ceding Crimea to Russia as part of a potential peace plan.
The people living in Crimea are ethnic Russians, not Ukrainians. The total population of Crimea is approximately 2 million people, of which 12-15% are Tatars, descendants of the Mongol invasion of 1240. There is no ethnic Ukrainian population living there. This is purely a territorial grab for war with Russia and nothing more. The Ukrainians have a history of ethnic cleansing and hatred of other races. They even horrified the German Nazis by their cruelty. In this photo, they executed a woman for being Jewish. They buried her child alive to save bullets.
The ONLY way to stop this is for Putin to drop the leaflets on Kiev, tell them to vacate Ukraine, and you have 30 days before it utterly destroys Kiev like the Romans did to Carthage to end the Punic Wars. The Romans destroyed Carthage in 146 BC at the end of the Third Punic War (149–146 BCE), essentially to eliminate Carthage as a political, military, and economic rival and to prevent future conflicts. A combination of fear, vengeance, and strategic calculation drove this action.
After the Second Punic War (218–201 BCE), in which Hannibal nearly defeated Rome, Carthage was reduced to a weakened state but began recovering economically. Many Romans, like the statesman Cato the Elder, feared Carthage might regain power and threaten Rome again. His famous refrain, “Carthago delenda est” (“Carthage must be destroyed”), reflected this paranoia.
Rome arguably provoked the Third Punic War. Carthage had complied with earlier treaties, but Rome exploited a minor conflict with Numidia (a Roman ally) to justify invasion. Hardliners in the Roman Senate, eager for glory and wealth, pushed for total war. The annihilation of Carthage—burning the city, killing or enslaving its population, and symbolically salting the earth (though this detail may be later legend)—sent a brutal message to other Mediterranean powers about Rome’s ruthlessness in crushing enemies. Carthage’s territory became the Roman province of Africa, enriching Rome with its resources. The destruction marked the end of Carthaginian civilization and secured Rome’s hegemony over the western Mediterranean.
In this instance, it is NATO and the Neocons who have provoked this war with Russia out of vengeance for once being communist. They installed the interim UNELECTED president Oleksandr Turchynov (born 1964) and ordered him to attack the Donbas instantly, beginning the war. He called them terrorists because they wanted separation after Ukrainians massacred Russians in Odessa. There will NEVER be a genuine peace with Ukraine because NATO controls their leadership, and Trump has to come to grips with this.
The only possible way to end this war is the total destruction of Ukraine. Drop the leaflets as the US did to Japan, telling the people to leave. Europe will threaten nuclear war if they do that, and Russia has to target every major city in Europe. Then and ONLY then will the people of Europe rise up against their brain-dead leaders who take orders from NATO and the Neocons and stop this insanity. The French Senate just voted 372 to 99 in favor of war with Russia. Europe will be destroyed in the process if NATO and Neocons are not stopped.
The whole issue of hating Jews was a conspiracy that Communism was a Jewish creation because Lenin, Trotsky, and Marx were all Jewish. This is why Soros and Zelensky both pretended to be Christians to escape the hatred of Jews and the ethnic cleansing, all based on the idea that Communism was created by Jews, when it began in France as the Commune Movement.
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