2025 WEC Forex Report


Posted originally on Nov 20, 2025 by Martin Armstrong |  

2025_FX_Report
2025_FX_Report Index

This is the 2025 FX Report covering the dollar reaction in the face of PEACE when the flight to safety may reverse near-term. The world is complex and we have to sort out the reactions from the major trend.

This Report will be available after the Conference $500

Categories:Foreign ExchangeWorld Economic Conference

2025 Agricultural Report


Posted originally on Nov 20, 2025 by Martin Armstrong |  

2025_Agricultural_Report
2025_Agricultural_Report Index

The 2025 WEC Agricultural Report is confined to Wheat and Cattle. This will be in your portal. Even if you are not an agricultural trader, you should still read this report. I have shown that historical connection of wheat to civil unrest, revolutions, and war. This is the first time I have reveal this research which is yet another correction fo what we face into 2032.

The report will be available after the WEC for $500

Governments to Begin Collecting DNA at BIRTH


Posted originally on Nov 20, 2025 by Martin Armstrong |  

Birthing Person

El Salvador passed a law that requires newborns to submit their DNA to a government-wide database. President Nayib Bukele claims genetic verification is necessary to ensure the paternity of the child. “This is not a law against women, but against lies: there will be no more fathers raising children who are not their own,” the president declared. Yet, this initiative has become global. Of course, the majority of governments will not label these initiatives as DNA collection.

England’s NHA will offer whole-genome sequencing to every newborn beginning in 2026. The initiative is part of a 10-year “Generation Study” pilot program that aims to have every baby’s DNA sequenced at birth. The government claims that the data will be used to assess health risks and enable early preventative care.

The NHS will use blood or umbilical cord samples to collect data that will then be handed over to the government’s AI software that identifies disease risk. Everyone’s individual DNA genome will be analyzed and stores by the government. The National Genomic Research Library plans to use this data for future research.

The US conducts a heel prick test at birth as well to test for genetic defects. Parental consent is not required as it is considered standard care. A few states do permit parents to opt-out of this testing on religious grounds. However, the US has not stated that would be compiling a database to store biometric data.

Italy, Spain, Australia, India, Israel, and most developed countries perform some form of blood testing at birth, but that data was never collected and stored by the government until now. Governments will say that advanced technology is allowing scientists to study genetic conditions to ensure the optimal health of the nation. No one agreed to be part of a study or to permit the government to collect their child’s health information. Governments are labeling children as their own from the moment they enter the world. Unique data on every human born within the health care system will be permanently stored and used as governments see fit.

When Will Mortgage Rates Go Down?


Posted originally on Nov 20, 2025 by Martin Armstrong |  

Real Estate WEC 2025

For months now, I’ve been hounded with the question: “When will mortgage rates fall back to 3%?” People still cling to the fantasy that the last decade was somehow “normal.” It wasn’t. It was a once-in-history phenomenon driven by central bank manipulation following the 2008–2010 mortgage-backed securities crisis, mixed with the COVID crisis. We lived in an artificial world of zero rates, negative real yields, and government intervention that distorted every market from bonds to real estate.

That period is over, and it is not coming back.

The mainstream press continues to peddle this narrative that the Federal Reserve controls long-term mortgage rates. Mortgage rates are pricing in global sovereign risk, not domestic political propaganda. The same interest-rate shock hitting homebuyers in Miami is hitting borrowers in Munich, Montreal, and Melbourne. This is a global cycle driven by capital flows rather than the Fed.

As I explained in the Real Estate Outlook 2026, residential property is no longer priced on your local bank’s posted rate. Those days died long ago. Capital flows determine rates, and capital is voting with its feet against government debt worldwide.

All conference attendees and virtual ticket holders will receive the Real Estate Outlook 2026 report that details what to expect in the years ahead as confidence shifts from public to private assets.

EU Directs Hundreds of BILLIONS to Ukraine in Latest Plan


Posted originally on Nov 19, 2025 by Martin Armstrong |  

Ursula Leader of EU

According to Ursula von der Leyen’s options paper provided to member states on October 23, Ukraine will need €71.7 billion ($83.2 billion) in 2026. An estimated €51.6 billion ($59.9 billion) will go directly to military needs. The estimate is based on the false assumption that the war will end next year. The price tag for funding Ukraine through 2027 is €135.7 billion on the low end.

The majority will be funneled through the EU’s Ukraine Facility mechanism. “It will now be key to rapidly reach a clear commitment on how to ensure that the necessary funding for Ukraine will be agreed at the next European Council meeting in December,” the European Commission President wrote to the 27 member states. “Clearly, there are no easy options.”

Ursula is not prepared to accept the peace plan. There IS AN OPTION to end this war, but the neocons are currently refusing to surrender. Trump must use America’s NATO status as leverage—end the war or the US will pull out.

“Europe cannot afford paralysis, either by hesitation or by the search for perfect or simple solutions which do not exist,” she stated, ignorant to the fact that Europe’s paralysis has been caused by the EU’s direct actions.

Part of this funding will pay for Ukraine’s government expenses. The EU has Ukraine’s entire government on its payroll. Around €52.3 billion will “stabilize the economy” over the next two years. Forget the fact that the EU has banished tariffs and demoted their own member states on trade.

The Fate of Europe 4 24 25

Brussels is providing three options for indefinite funding.

The first option is voluntary bilateral contributions. Funding by member states would be considered a non-repayable grant incorporated into each nation’s budget. Ursula said that payments must amount to “at least” €90 billion by 2027, again assuming that all of this will end in 2026.

The EU is offering a second option that states member states will simply carry joint debt in legally binding, irrevocable guarantees to borrow. Brussels claims that a nation could opt-out but that would result in other members increasing their contributions. It is highly unlikely that the union would allow this to happen without severe punishments. The interest payment promise is laughable since Ukraine could never repay, and Russia will certainly not be footing the bill.

Brussels sees nations like Belgium and Hungary as a threat to its centralized power. Von der Leyen suggested removing the unanimity rule in order to impose sanctions on Russia without a consensus. She also recommended that Belgium withdraw from its 36-year bilateral investment treaty with Russia.

The third option is a reparations loan that would use frozen Russian assets. Central securities depository Euroclear currently holds 185 billion euros from the Russian Central Bank, and an additional 25 billion euros is held in commercial banks across the EU. This option is a violation of international law. “As this option would be a financially and legally innovative solution, it cannot be discounted that there are potential knock-on effects, including for financial markets,” von der Leyen admitted. “A concerted effort by the Union, and possibly international partners, to counteract such perception (of confiscation) would need to be made.”

Moscow has been patient but firm on recovering its frozen assets. The EU has already pledged a portion of those assets to Ukraine, meaning it no longer exists. Certain members are pledging billions before an agreement has been made while others would like to preserve their sovereignty. This is one massive reason why the EU will crumble and break apart; the euro is a ticking time bomb.

60% of Democrats Disapproved of Party’s Handling of Govt Shutdown


Posted originally on Nov 19, 2025 by Martin Armstrong |  

r/ConservativeMemes - Facts

Few Americans approved of the Congressional infighting that led to the longest government shutdown in US history. Each side pointed its finger at the other as the culprit, but what do the American people believe?

CBS conducted a survey at the beginning and end of the shutdown to test sentiment. Over a quarter (27%) felt “relieved” about the government shutdown, optimistic that their party was digging their heels in regardless of the expense to the nation. However, 48% described the shutdown as “frustrating,” with 45% “dissatisfied” by the halt.

Over half of Democratic voters (55%) disapproved of how their party handled the shutdown, with that figure soaring to 60% by the time it ended. Fewer Democrats (54%) blamed Republicans for the shutdown than their own party did.

r/ConservativeMemes - reddit over the last few weeks

Not only do Democrats disapprove of how their party handled the matter, but they acknowledge the incident was a lost battle. Only 32% of Democrats believe their party received the “right amount” of results compared to 70% of Republicans, but 55% of Democrats believe their party compromised “too much” in the failed negotiation.

Republicans largely disapproved of the shutdown (54%), but half felt “relieved” that their party went to lengths to avoid adding trillions to the US national debt. Democrats were less likely to see their side’s stipulations as a worthy cause.

This brings us to January, when Congress is set to meet again. The Democrats left negotiations in defeat and are likely to triple down on increased spending, but they’re losing voter support. It would be wise to tune into the wishes of the people they represent, but Congress is not motivated by such trivial matters.

US Collecting Biometric Data for Canadian Visitors


Posted originally on Nov 19, 2025 by Martin Armstrong |  

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Governments use national security as the premise for increased surveillance. Due to a law passed in April, Canadians visiting the US must submit biometric data in order to enter the US if they wish to stay longer than 29 days. Beginning next month, everyone will be forced to submit their data to the government. We heard from a Canadian WEC guest who was taken aback when asked to submit these forms, as it was not required last year.

The Canadian government may issue an I-94 electronic record to air passengers ahead of arrival if you plan on an extended stay. Visit the US Customs and Border website to determine if you have an I-94 form on file. This form should be valid for the next six months. The rules are a bit stricter for those driving across the border, but it is possible to pre-apply online to avoid waiting at the border. For either method, the US government will require fingerprints and a photograph that will be kept on file.

Those kicking off snowbird season at the start of the conference may have the ability to register with the U.S. Citizenship and Immigration Services (USCIS) by filling out an online form called G-325R. You must provide your US address but this is the only method to avoid submitting biometric data. If you stay in the US for more than 29 days, you will need to resubmit this form to avoid submitting your fingerprints and image.

Beginning December 26, Canadians must submit biometric data when entering and exiting the US. “This technology compares your live facial features with the photo in your travel documents to verify your identity, creating a more seamless, secure, and safer travel experience,” Customs and Border Patrol notes on its website. “CBP is leading the way in innovative identity verification through its use of facial biometric comparison technology. This technology compares your live facial features with the photo in your travel documents to verify your identity, creating a more seamless, secure, and safer travel experience.”

Biometric kiosks are appearing at airports across the globe. Not only will your government have your biometric profile, but EVERY nation you visit will soon have your unique profile on file. You can no longer avoid this process by entering the US by land or sea as border agents will simply not let anyone in unless they surrender their data.

Jeffrey Epstein Infiltrated Live US Congressional Hearings


Posted originally on Nov 18, 2025 by Martin Armstrong |  

Stacey Plaskett - Wikipedia

Releasing additional Epstein files to distract the public from the government shutdown has backfired on the Democrats. Email evidence has revealed that Trump’s political opponents utilized Epstein’s blackmail services to destroy the president—in real time.

The latest truth bomb shows that a member of Congress was text messaging Epstein during a February 2019 House Oversight hearing in which Michael Cohen testified about Donald Trump. Democratic Virgin Islands Del. Stacey Plaskett knew that Epstein had information on Michael Cohen, Trump’s attorney, and colluded with Epstein to shape the narrative of the investigation. “Hes [sic] opened the door to questions re who are the other henchmen at trump org,” Epstein messaged Plaskett During the hearing. Plaskett replied, “Yup. Very aware and waiting my turn.”

Epstein listened in and watched a livestream of the hearing to coach Plaskett on how to respond. He jokingly asked her why she was chewing gum, a nod that he was indeed watching in real-time. “Cohen brought up RONA – keeper of the secrets,” Epstein warned. “RONA?? Quick I’m up next is that an acronym. [sic],” Plaskett replied.

Plaskett then used that information to coerce Cohen into providing names. Her messages to Epstein align with the timing she was on the microphone. Epstein’s former properties on Little St. James and Great St. James were in Plaskett’s district and the two had close ties. How many high-profile hearings was Plaskett answering on behalf of Jeffrey Epstein? Epstein was clearly hired by the Democrats to take down Trump.

Epstein Jeffrey

Six of Epstein’s victims named Plaskett in a November 2023 lawsuit. The congresswoman and others, including former Governors John de Jongh Jr. and Kenneth Mapp, First Lady Cecile de Jongh, Attorney General Vincent Frazer, and Senator Celestino White, were named in the lawsuit and accused of using their political influence to help Epstein Island operate outside of US law. The women believed Epstein was influencing regulatory agencies and law enforcement officials with the help of his Democratic friends. The case against Plaskett was later voluntarily dismissed with prejudice, meaning it cannot be refiled.

How much influence did Jeffrey Epstein have over US politics? Who had him on their payroll? Epstein was a Democrat who made contributions to Democratic candidates. He befriended everyone and anyone with influence and used it to his advantage. No one voted for Jeffrey Epstein to be an elected member of Congress. This scandal is an absolute national embarrassment and those involved must be prosecuted.

Google to Invest $40B in Texas


Posted originally on Nov 18, 2025 by Martin Armstrong |  

AI.DataCenter

Texas is a rising star amid the national capital flight to the south. Alphabet’s Google announced plans to invest $40 billion into two new data centers in Armstrong County and Haskell County. While Google has operated in Texas for over 15 years, the news reaffirms that capital is committed to staying in the Lone Star State.

“This investment will create thousands of jobs, provide skills training to college students and electrical apprentices, and accelerate energy affordability initiatives throughout Texas,” Alphabet CEO Sundar Pichai told Reuters. The project is expected to create over 1,700 jobs by 2030. The company will also establish a $30 million Energy Impact Fund to promote renewable energy initiatives.

Governor Greg Abbott praised the investment and deemed Texas the “epicenter of AI development.” AI-focused data centers are specialized facilities designed to handle the high computing, storage, and networking demands of artificial intelligence workloads such as machine learning and deep learning.

Texas Flag

Texas offers some of the lowest energy costs in the US, essential for the energy-intensive AI computations, combined with a growing renewable energy sector that supports sustainability goals. The state, most importantly, provides a business-friendly environment with attractive tax incentives, reducing operational expenses, and encouraging tech investment. Business-friendly initiatives have been solidified by updates to the state Constitution, providing companies with security on future investments. Texas also boasts robust infrastructure, including extensive fiber-optic networks and transportation systems, which support reliable, high-speed data connectivity crucial for AI workloads.

Geographically, Texas has the land for scalable operations and is prone to fewer natural disasters. Florida, for example, may be business-friendly, but it is not geographically ideal for these centers. Moreover, Texas has a strong talent pool as it continues to grow into a global financial hub. This deal is a massive win for Texas, which has come out on top amid the infighting and political chaos that is changing the landscape of business throughout the nation.

India Allegedly Halts Russian Gas Imports


Posted originally on Nov 18, 2025 by Martin Armstrong |  

Oil Production Crude Energy 1

India has caved to US demands to stop buying Russian oil, allegedly. The White House reported that Prime Minister Narendra Modi committed to halting purchases, but India’s government has not confirmed these claims or made any public declaration.

Indian Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed India’s commitment to purchase more oil from the US, which will now supply the nation with 10% of all liquefied petroleum gas (LPG) imports. This marks the first structured contract for US LPG in India. State-owned oil companies have signed a short 1-year deal to import 2.2 million tonnes of LPG from the Gulf Coast.

The deal is mutually beneficial. Hardeep Singh Puri worded the agreement as almost a favor to the US. India does not produce enough petroleum to meet domestic needs and relies heavily on imports. LPG Mont Belvieu is up to 20% cheaper from the US than Saudi Arabia or the UAE. At $673/MT, the US is offering a bargain compared to global prices. LPG can be highly volatile, and many view this as a sign of energy stability from the US. India will still diversify its imports to avoid complete US dependency.

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The US will begin to sanction Russian oil companies Lukoil and Rosneft on November 21, 2025. Reliance Industries and other major state-run Indian companies have sharply increased their purchases of Russian oil in the weeks leading up to sanctions.

US-India trade has been volatile since August, when President Trump placed a 50% tariff on Indian goods, downplaying the nation’s role as a trade partner, and chalking up half of the reciprocal tariff price to India’s reliance on Russian energy. Indian Commerce Minister Piyush Goyal has attempted to smooth over relations, agreeing to increase US imports in the coming years. “And being close friends, natural partners, our energy security goals will have a very high element of US involvement,” the Indian minister had said.

The BRICS member has been playing a delicate balancing act with the US and Russia since 2022. Perhaps no other nation has profited more from this war in the short term than India, which has used its neutrality to its advantage. It remains to be seen whether India will permanently halt Russian gas imports, but for now, the US is appeased with the current deal.