State-Funded Chaos in California


Posted originally on Jun 10, 2025 by Martin Armstrong 

The Los Angeles riots exemplify the left’s ongoing approach to dissenting political policies—violence. Rioters are burning the city of Los Angeles to the ground, yet again, while Democrats clap and condemn the Trump Administration for causing the destruction.

Dozens of innocent people have been injured. The financial toll of these riots has not been realized but criminals used the unrest as an opportunity to clear out stores and businesses before burning them to the ground. “Mostly peaceful” protestors attacked LAPD headquarters and the US Courthouse. The Democrats will never miss an opportunity to condemn the events of January 6, but turn a blind eye when their voter base attacks government property. Most Republicans, including Trump, condemned the events of January 6 that do not even come close to what we are witnessing in LA.

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The Democrats are actively encouraging riots by congratulating these criminals for “fighting back.” Kamala Harris released a statement to say that Donald Trump “provoked chaos” in “immigrant neighborhoods” by deploying the National Guard. The failed politician blamed the “Trump Administration’s cruel, calculated agenda to spread panic and division.” She then went on to directly applaud the rioters. “Protest is a powerful tool – essential in the fight for justice…I continue to support the millions of Americans who are standing up to protect our most fundamental rights and freedoms.”

The Constitution does not afford anyone the right to loot businesses or light cars on fire. These are outright violent uprisings that in no way resemble a protest. Most of the participants are looking for a way to steal and cause destruction. The immigration battle merely provided an excuse. Democrats know they cannot win this battle legally and are using their favorite tactic of instigation to rile up their minions to do their bidding.

Gavin Newsom lashed out when the National Guard prevented the full destruction of Los Angeles. How many cities have burned under his rule? Newsom accused Donald Trump of “manufacturing chaos” and “eroding public trust.” “Let’s clarify: 1) Local authorities did not require assistance. 2) Trump deployed troops regardless — to create chaos and violence. 3) Trump achieved that goal. 4) Now the situation is unstable, and we must bring in additional law enforcement to address the fallout from Trump’s actions,” the governor stated.

Newsom claimed that the National Guard takeover violated California state sovereignty. His state is already funding the criminals. The Coalition for Humane Immigrant Rights of Los Angeles (CHIRLA) played a main role in mobilizing the “movement.” The state of California funds CHIRLA and provided the agency with $34 million in grants last fiscal year. Under the Biden Administration, CHIRLA received federal funding through the Department of Homeland Security. Trump revoked that funding in March and retracted over $100,000 in unused funds. Yet, the public is perplexed by the federal government cutting off funds to these NGOs.

Every single Democratic politician regurgitated the same lines to deflect all responsibility. Donald Trump is “rapidly steering this nation toward authoritarianism,” as Bernie Sanders put it. The far left will never stop their public relations mission to paint Trump as a dictator. Perhaps the federal government should permit the blue states to self-destruct. Taxpayers should not be forced to pay for cities to rebuild every time the Democrats encourage their minions to burn them to the ground. Akin to a child throwing a temper tantrum in their room, let blue states deal with the aftermath of their self-inflicted wounds.

Newsom’s Democratic Supporters?


Posted originally on Jun 9, 2025 by Martin Armstrong 

Newsom – Typical Democrat


Posted originally on Jun 9, 2025 by Martin Armstrong 

Newsom Gavon

The Democrats are so caught up in their own propaganda that they have totally lost all common sense. Demanding that a returning gang member who was deported, now Newsom is daring Trump to have him arrested for violating not just the immigration issue, but his oath to defend the Constitution. California Gov. Gavin Newsom is defiant in his stance on illegal immigration. Instead of prioritizing law enforcement or public safety and the people who actually can vote legally, Newsom has doubled down on protecting illegal immigrants and violent protestors. He has declared that they’re “just trying to live their lives and pay their taxes.”

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His comments come as Los Angeles is amid a violent usurpation against the American people. These anti-ICE protestors have terrorized law enforcement and burned Los Angeles to the ground for the third day. All of that is OK, because then Newsom will ask for federal funds to rebuild the city. He is not just a disgrace, but this is precisely what our computer projected when I stood up last November at our World Economic Conference and shocked the audience with the forecast that the Democratic Party would split and collapse as did the Federalists during the 19th century.

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The anti-ICE riots in Los Angeles have not just set people’s cars on fire, which is OK with Newsom since he hates fossil fuels anyway, but reached a new level with terrorist chants being heard amid the mayhem, and some displaying flags of other countries. Trump’s National Guard order came at the right moment, and now the U.S. Marines are being activated.

I am sure these are tax-paying, lawful citizens who now represent the Democratic Party?

Are they also paying into Social Security? How, without legal documentation?

The PayPal Mafia


Posted originally on Jun 9, 2025 by Martin Armstrong 

Some may have heard of the tech geniuses who compose “The PayPal Mafia.” The mainstream media glamorizes them as “tech visionaries,” a band of rebellious geniuses who disrupted finance and went on to build empires. Yet, beneath the surface of the so-called PayPal Mafia is not innovation for the public good, but the construction of a new form of oligarchy—one more dangerous than the robber barons of the 19th century. Why? Because this new class of elites doesn’t merely build companies. These men influence monetary systems, shape global narratives, and fund policy engineering through unelected channels.

PayPal emerged in the late 1990s during the dot-com bubble, which I had warned would crash by 2000. PayPal became a clever workaround to bypass the traditional banking system, cloaked under the premise of convenience. This so-called “mafia” includes Peter Thiel, Elon Musk, Reid Hoffman, Max Levchin, David Sacks, Scott Banister, Roelof Botha, Steve Chen, Chad Hurley, Jawed Karim, Premal Shah, Yu Pan, and Yishan Wong, among others who had roots in PayPal. Each went on to build their own tech empire spanning across biotech, social media, space, venture capitalism, and surveillance.

The “paypal mafia” photographed at Tosca in San Francisco, Oct, 2007.
Back row from left: Jawed Karim, co-founder Youtube; Jeremy Stoppelman CEO Yelp; Andrew McCormack, managing partner Laiola Restaurant; Premal Shah, Pres of Kiva; 2nd row from left: Luke Nosek, managing partner The Founders Fund; Kenny Howery, managing partner The Founders Fund; David Sacks, CEO Geni and Room 9 Entertainment; Peter Thiel, CEO Clarium Capital and Founders Fund; Keith Rabois, VP BIz Dev at Slide and original Youtube Investor; Reid Hoffman, Founder Linkedin; Max Levchin, CEO Slide; Roelof Botha, partner Sequoia Capital; Russel Simmons, CTO and co-founder of Yelp

Fortune Magazine ran an article about these men in 2007, and even asked them to dress up as traditional mafia gangsters. These men are the new tech elite who wield immense power and influence. Elon Musk’s deep ties to Donald Trump shone a new light on how deeply the so-called PayPal Mafia has become embedded in politics and geopolitical affairs.

I reported how Peter Thiel provided J.D. Vance a platform to enter politics. Thiel introduced Vance to Silicon Valley and welcomed him into the scene of the tech elite. Theil’s Palantir was recently awarded a massive contract to create the first US federal centralized government database that will house every piece of data on every American citizen. Again, this is happening under the premise of convenience.

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PayPalMafiaWeb

The Internal Revenue Service (IRS), Social Security Administration, and the Department of Education have already begun working with Palantir engineers to develop the most extensive federal database in US history. Social security numbers, medical claims, tax filings, bank information, immigration records, education records, debt—every piece of information that various agencies have collected on American citizens will be transferred to the coming centralized database.

AI Artifical Intelligence

Every world leader from Putin to Pope Leo XIV has issued dire warnings over advancing AI technology, believing it is the biggest threat to the future of civilization. The Big Beautiful Bill has several provisions related to AI, most notably a 10-year moratorium period during which state and local governments will be prohibited from regulating AI.

The bill awards the Department of Commerce $500 million to secure federal IT systems using AI. The Department of Defense, Customs and Border Protection, and the Department of Health and Human Services will also receive direct funding to promote the use of AI technology.

Prohibiting state regulations ensures that all technology is guarded and controlled by the federal government. There is resistance from both parties, as those who understand technology know the power this would provide the federal government.

“We don’t get the full bill text until very close to the time to vote for it, and so that was one section that was two pages that I didn’t see,” Marjorie Taylor Greene stated, adding, “I find it so problematic that I’m willing to come forward and admit there are two pages that I didn’t read, because I never want to see a situation where state rights are stripped away.”

Thirty-five lawmakers in California, composed of three Republicans and 32 Democrats, sent a letter to Congress to warn them that the AI provision “threatens public safety, undermines innovation, and violates the principles of federalism.”

Jan Schakowsky (D-IL) called the provision a “giant gift to Big Tech.” This ban will allow AI companies to ignore consumer privacy protections, let deepfakes spread, and allow companies to profile and deceive consumers using AI. After stopping comprehensive national privacy from passing last year, Republicans are going after states and leaving consumers unprotected online,” she stated.

There are theories that the Elon v. Trump clash is based on this provision. Regardless, the PayPal Mafia tech elite have aligned in a form of techno-feudalism, and they’ve successfully entered the US government. Thiel’s Palantir feeds intelligence to the government. Musk receives massive state subsidies for Tesla and SpaceX while criticizing government inefficiency. Hoffman, the founder of LinkedIn, funds political influence operations and AI censorship platforms under the banner of democracy.

What we are witnessing is the consolidation of influence outside the democratic process.

Dark Enlightenment – The True Reason Behind the Musk v Trump Clash?


Posted originally on Jun 9, 2025 by Martin Armstrong 

CarlYarvin

There is a conspiracy theory that the feud between Elon Musk and Donald Trump is directly related to the AI provision in the Big Beautiful Bill. Looking back at Peter Thiel and J.D. Vance, Vance had no political experience before Thiel funded his ascension into the Senate after funding his entry into venture capitalism. Both Thiel and Musk urged Trump to select Vance as his VP candidate, and many believe this was to propel the so-called PayPal mafia into politics. The three men are also strongly associated with Curtis Yarvin (pictured above), the mastermind behind the Dark MAGA, Dark Enlightenment movement.

Now, the media claims Musk turned on Trump because he is enraged by the EV tax cuts and subsidies. Yet, only six months ago, Musk was on Capitol Hill arguing for the abolishment of EV tax credits. “Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!” Musk posted on his platform, X, on July 16, 2024. Musk had been offloading his White House duties in recent weeks and this over-the-top public feud seems fabricated.

CNNCurtisYarvin

In comes a potential conspiracy of “Dark MAGA” or “Dark Enlightenment.” Curtis Yarvin, a former programmer turned blogger, has long argued that American democracy is irreparable and should be replaced by a corporate-run monarchy led by Big Tech. Yarvin sees democracy not as civilization’s peak but as its degeneration—a system that obscures real power, which he claims is held by a “Cathedral” of media, academia, and bureaucracies that spread progressive ideologies. Yarvin calls his views “the Dark Enlightenment” or “neo-reaction” and firmly believes that the ideal government would resemble a feudal state or a tech corporation with centralized power.

Yarvin wrote “An Open Letter to Open-Minded Progressives” in 2008, which outlines his viewpoints. There is a ton of information he put forth on his substack, Grey Mirror. He believes that the tech elite should rule as they are the only ones intelligent enough to fix our failed society. The R.A.G.E. strategy is to ” Retire All Government Employees and replace them with private corporations under a complete dictatorship run by a “national CEO,” or what’s called a dictator. Yarvin describes his approach as “a humane alternative to genocide.”

CNN reported on Yarvin’s views, as did Politico, Timethe New York Times, The New Yorker, and every other big media agency. His views are not a conspiracy, but whether or not the tech elite has adopted these views is unknown; he has met with numerous members of the Trump Administration, including J.D. Vance. Yarvin has said he is “coaching” Theil, according to Time Magazine, and he even called him a “friend” in an interview with the Hoover Institution.

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Yarvin was invited as a guest to Trump’s Coronation Ball in January 2025. In a follow-up interview with Politico, Yarvin stated that Trump’s first administration basically did not achieve anything for its supporters as opposed to its lobbyists. I’m not talking to the high strategic command or whatever, but just my impression from my connections among low- and mid-level people is that they’ve figured some things out.” He said that Congress, not the president, truly runs the nation. “Actually, if the White House didn’t exist, America would still work.”

He also said that the Federal Reserve should be under the executive branch:

“It’s clearly not part of the legislative branch, it’s clearly not part of the judicial branch, so it’s clearly part of the executive branch. And because the Fed actually controls the monetary system, I can order it to mint the trillion-dollar coin, or more to the point, I can basically order the Fed to buy assets. And because I can order the Fed to buy assets, I can order the Fed to buy notes issued by new institutions.

That allows me to basically come face to face with two very clear facts. One is that the U.S. doesn’t really have an executive branch — it has a legislative branch, and it has an administrative branch, which is basically managed not by a monarchical president, but by an oligarchical Congress.”

Washington has been briefed on the Dark Enlightenment movement. The concept itself is not a conspiracy, as Yarvin and others do believe that a corporate-run dystopia is the future. Steve Bannon, as reported by the New York Times, explained that a number of tech elites were on the government’s watchlist:

“I asked him if he saw the same deep-level philosophical tension I did. “A tension?” he asked. “I would almost argue it’s an unbridgeable gap.”

He named a roster of major figures on the tech right whom he saw as enemies: Mr. Andreessen, Mark Zuckerberg, Jeff Bezos, the neomonarchist writer Mr. Yarvin and Balaji Srinivasan, an investor and technologist who promotes the idea of network states, new countries run on blockchain.

Mr. Bannon accused the tech barons of promoting “technofeudalism” and “transhumanism” — bending human life into technologized and unnatural new forms. “This thing is all tied together,” he said. “They have a very well thought through philosophy and a very well thought through set of ideas, and they’re trying to implement that. And to me, everybody’s afraid, everybody’s scared because of their power.”

Before he entered the White House, Vance spoke favorably of Curtis Yarvin. “There’s this guy Curtis Yarvin, who has written about some of these things,” Vance said on a podcast in 2021, adding: “I think Trump is going to run again in 2024 [and] I think that what Trump should do, if I was giving him one piece of advice: Fire every single midlevel bureaucrat, every civil servant in the administrative state, replace them with our people.”

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Vance is certainly plugged in with the tech elite. Why did Elon Musk turn on Trump? I will avoid the more elaborate, far-fetched conspiracy theories (such as the Black Eye Club) and focus on what we know—the PayPal Mafia exists, as does the Dark Enlightenment theory. Musk is now calling for Trump to be impeached for a third time. Are the tech elite hoping to install Vance to the head position of POTUS? Time will tell the true plan, but this elaborate feud between Trump and Musk is too sudden not to raise suspicions.

Bankers are Invincible


Posted originally on Jun 9, 2025 by Martin Armstrong 

Bankers

Switzerland-based Credit Suisse Services AG pleaded guilty to conspiracy to defraud the United States by enabling ultra-wealthy Americans to hide assets in offshore accounts. The agency admitted to hiding over $4 billion from the IRS in at least 475 offshore accounts between 2010 and 2021.

As reported by the DOJ: “Credit Suisse Services AG entered into a non-prosecution agreement (NPA) with the Justice Department’s Tax Division and U.S. Attorney’s Office for the Eastern District of Virginia in connection with U.S. Accounts booked at Credit Suisse AG Singapore. Under the NPA, Credit Suisse Services AG agreed to cooperate with the Justice Department in ongoing investigations and to pay significant monetary penalties for maintaining accounts in Singapore on behalf of U.S. taxpayers who were using offshore accounts to evade U.S. taxes and reporting requirements.”

Credit Suisse openly helped clients conceal assets from the IRS and took measures to ensure that the tax authority would not target their clients’ funds. The agency concealed income, falsified records, fabricated fake donations, and serviced over $1 billion in accounts out of compliance with US regulations.

The practice has become commonplace. The Singapore branch was found guilty of the precise crime in 2023 in a $2.6 billion scheme that ran between 2014 and 2023, but the agency received a mere slap on the wrist. The bank continued to serve undeclared accounts. The agency is receiving a slap on the wrist once more as it is required to pay $510.6 million in penalties, restitution, forfeiture, and fines. This is basically the cost of doing business, and potentially an advertisement for Credit Suisse.

This is the game. Big institutions are protected while smaller players are thrown in prison. If the average American failed to file their taxes, or misses a deadline for that matter, the government penalizes them by seizing up to 100% of the unpaid tax. If the amount unpaid exceeds $65,000, the US government will revoke your passport. If the US government deems that someone intentionally evaded taxes, as is the case with Credit Suisse, they send them to prison for up to five years, with the average sentence for knowingly evading taxes being 16 months. Credit Suisse may have paid the fine, but the bankers involved will face zero repercussions. The banks always claim ignorance, the regulators balance fines with cover-ups, and the press accepts the payout as punishment.

Ukraine on Fire – The Flatlining of a Country


Posted originally on Jun 9, 2025 by Martin Armstrong 

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QUESTION: Marty, with so many markets all showing sharp rises in volatility of panic cycles in 2026, ahead of what appears to be a significant turn in 2027, the rumor is that your computer will be correct. According to my military sources, Ukraine is expected to fall by August or by 2026. They say the real numbers are suppressed and that the kill ratio is more like 20 Ukrainians to one Russian. The fake propaganda comes from Ukrainian intelligence, and the Biden Administration instructed the US intelligence not to contradict Ukraine to keep the propaganda flowing. I was told that Ukraine is imploding. The attack on the airbases in Russia has not changed the game. It was a desperate attempt to pretend Ukraine is winning. Russia is in no hurry for peace because this is a war of attrition that they are winning. The West is out of patriot missiles, artillery shells, and tanks. Ukraine has gone through everyone’s stockpiles, leaving NATO incapable of war with Russia before 2027, which seems to be what Socrates is saying. They are probably taking Socrates’ for real projections of time, based on what I hear.

Do you agree with these statements?

PC

Ukraine on Fire

ANSWER: Ukraine is essentially on fire, and Russia is in no hurry to negotiate peace, for Ukraine will burn itself out. This is a war of attrition, and Russia is outlasting Ukraine and all of NATO. Russia has expanded its military and its arms production, and it is far superior to NATO; it is laughable. The politicians of Europe are being misled by the NEOCONS who have never won a single war since WWII.

There were three main objectives of Russia that the West has constantly ignored. (1) Ukraine does NOT enter NATO, (2) Ukraine is not militarized, and (3) Ukraine must be de-Nazified. That third objective I can only see being possible by just killing all the Nazis in Ukraine, but honestly who are lurking behind smiles like Kaja Kallas, who has come out and said the EU will not honor any peace deal that Trump negotiates.  She is the daughter of Siim Kallas, a former Prime Minister of Estonia, and Kristi Kallas, a physician. However, her family has a history of political involvement, which is the source of the problem.

Her mother and grandmother were deported to Siberia during the Soviet occupation because of her family’s ties to the Nazis. I should emphasize that her grandfather, Johannes Kallas, was investigated post-war but never prosecuted, for he served as a deputy chief of police in Tallinn under the German occupation (1941–1944). He was not formally a member of the Nazi Party. This role was collaborating with Nazi Germany. Kaja Kallas herself or her immediate family held Nazi sympathies. Many saw the Nazis as liberators from the Soviets.

Her personal hatred of Russia was because her mother and grandmother were sent to Siberia. Estonia was occupied by the Soviet Union (1940–1941), then Nazi Germany (1941–1944), and again by the USSR (1944–1991).  In 2021, she stated:

“I cannot be held accountable for the choices of my grandparents’ generation, just as young Germans today are not responsible for what happened during WWII.”

Nevertheless, as Prime Minister of Estonia, she came out and said that Russia was too big and should be broken up. That was a deeply biased personal view, and this is the problem with this de-Nazification demand of Putin. It is hard to imagine how that will be possible when people like Kallas hate the Russian people for the very sins of previous generations who were communists. As a Russian or Chinese, if they want to return to the glory days of Communism, 99.9% will say no way. People like Zelensky and Kallas refuse to let go of this hatred of the Russian people for the days of Lenin and Stalin.

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The hatred of the Russian people for the days of Stalin, who was a Georgian and not a Russian, is just overwhelming. Merkel deliberately lied to Putin and signed a peace deal only to allow Ukraine to build an army and thereby militarize. Then you have the EU that wants to bring Ukraine into NATO to create war with Russia. Sorry, but the computer warns that Russia will win, and this will be the third loss for Europe.

Churchill on Truth

Just about every intelligence agency tunes into Socrates because it is not based on personal biases or opinions. In times of war, the truth is rarely ever reported. This is when an AI machine can offer the best advice, as there is no human interaction to influence the outcome.

We have an important Directional Change in July

Interview: Gold, Oil, USD. CAD, Uranium


Posted originally on Jun 8, 2025 by Martin Armstrong 

Are the Budget Forecasts Ever Valid?


Posted originally on Jun 8, 2025 by Martin Armstrong 

Debt Burden

QUESTION: Mr. Armstrong, this feud between Trump and Musk has caused me to wonder about Musk. Then, all of these forecasts are using tools you warned do not work because they rely solely on linear analysis. The Tax Foundation said Trump’s bill would result in a $2.6 trillion increase in the deficit. The University of Pennsylvania’s Penn Wharton Budget Model claimed that the bill would raise deficits by $2.8 trillion. Then Yale’s Budget Lab claimed that over a 30-year window, the bill would add $10.8 trillion to the national debt. None of these organizations even understands that there is a business cycle. I find all of this chatter is no different from the climate change projects, as you said, one degree up this year means that will continue forever, and we will all die in 50 years.

Does Socrates have any view that is more reliable than these fake academic prognostications that are never right even once?

Rich

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US Annual Budget Array 6 7 25

ANSWER: These forecasts are totally worthless. The CBO’s projections for the federal budget deficit were about $900 billion in 2019, and it was expected to exceed $1 trillion each year beginning in 2022.  The deficits for 2020, 2021, and 2022 were $3.1 trillion, $2.7 trillion, and $1.3 trillion, respectively. They are incapable of forecasting. How many millions do these fake forecasts cost? We will do it for 10% of their budget.  They are all based not just on linear analysis, but on the classic assumption that all things remain equal. They NEVER understand that there is a natural inherent business cycle.

Socrates examines everything, and nothing ever remains the same. We have a Directional Change in the annual budget in 2026, and then you see the big target is 2027. Just looking at the French government, which is in its 5th Republic. France changes government like the Biden Administration changed the definitions of a woman from women’s rights for abortion to his appointment of Jackson to the Supreme Court, who said she could not define what a woman is. The French government is expected to fall in 2027, potentially taking the EU with it.

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When you look at the chart for the annual budget deficit, we peaked with the COVID-19 pandemic in 2020. Look at the 1998-2002 period. We had a balanced budget. I was asked by the Wall Street Journal to write about how this was accomplished. In sum, the manner in which President Clinton (1993-2001) was able to balance the budge was (1) the economy recovered in 1994 with capital pouring into the United States as it fled South East Asia resulting in the Asian Currency Crisis in 1997, (2) US Interest rates rose sharply in 1994 attracting huge capital inflows including those from Japan, and (3) Clinton shortened the maturity of the debt funding it short-term to cut interest expenditure.

Clintons Balanced Budge 1998 2001

The National Debt rose from $4,064.6 billion in 1992 to $5,807.5 billion by 2001. The shift in funding slowed the rate of growth. Interest rates at the Fed dropped by 6.5% in 2000 to 1.75% in 2001. When Clinton took office, the Fed Discount Rate stood at 3.5%. The rise began in 1994, which helped to attract foreign capital, especially from Japan, and it peaked in 2000 with the Dot Com Bubble on the heels of the 1998 Long Term Capital Management debacle that followed the collapse of Russian debt.

However, because Clinton shifted from long-term to short-term, which reduced the interest expenditures, now look at how the debt exploded when the rates went back up to 6.5%. This is what I mean by the Fed can no longer control inflation, for the biggest borrower is the government.

Thailand Ready for War?


Posted originally on Jun 7, 2025 by Martin Armstrong 

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No matter what country we are looking at, we are witnessing the same timing on a global level. When I was compiling interest rates from around the globe and studying the global monetary system, I stumbled upon something very curious. There would be economic events and civil unrest around the world long before there were connections with the nations on the opposite side of the world. The old hatred between Cambodia and Thailand is rising again. We will see the same with Singapore and Malaysia. We are witnessing a rise in tension in Korea and Japan. Then there is Pakistan vs India. Of course, then there is China and Taiwan. The computer has projected World War III, and this is global. It may be simultaneous, but not always related.

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Here is the timing array for Thailand. Note that the volatility would start to rise here in 2025 to be followed by a Panic Cycle in 2026 and then the turning point in 2027. This is the same profile that warns us that the government of France may also fall in 2027.

So stay tuned to Socrates. It’s the only real AI with more than a 40-year track record, and it is NOT a language model that will tell you to commit suicide or develop a personality. It is restricted to the financial markets and global economic trends – EXCLUSIVELY!!!!!