Read Any PDF Report on Kindle – Two Minute Tutorial


Posted originally on Oct 25, 2025 by Martin Armstrong |  

We have conveniently converted the latest PDF report to an audio file.

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Interview: EU on the Brink, War Risk Next Year


Posted originally on Oct 25, 2025 by Martin Armstrong |  

Marty and Mike – Drafting a Russian Peace Plan & Warning of Global Chaos


Posted originally on Oct 24, 2025 by Martin Armstrong |  

Europe Fears a US Civil War – Whiskey Rebellion to Now


Posted originally on Oct 24, 2025 by Martin Armstrong |  

WhiskeyRebellion

The Centre for Strategic and International Studies determined that the definition of a civil war is a conflict in which at least 1,000 people are killed. The institution likened the definition to the 1791 Whiskey Rebellion that broke out due to excessive taxation, and believes the US is on the brink of another civil war.

The first wave of the ECM following the 1776 revolution bottomed in 1784, the postwar adjustment phase, when the economy stabilized after independence. From there, the cycle advanced toward the 1792 peak, marking the first wave of rising confidence in the new system. That peak corresponded with Alexander Hamilton’s fiscal consolidation, the creation of the Bank of the United States, and of course, the excise tax on whiskey.

By 1794, as the ECM turned down into the 1798.6 low, we witnessed the collapse in localized confidence manifest as rebellion. Washington ordered federal troops to restore order, which many are juxtaposing to the current administration’s use of the National Guard in cities across America.

1 ECM 2032 Wave 157 Pi Turning Point 1 Annotated

The current private wave began in 1985.65, and confidence in the system has continually decreased since then. The last public wave in 1934.4 began in the throes of World War II recovery, with the nation believing in a better tomorrow after securing victory over the Axis powers. By the end of that wave, we saw the rise of the welfare state, Bretton Woods, and the failure of Keynesian policy.

The current private wave will last until 2037.25, but will peak in 2032.95. Capital has fled into private assets such as real estate, equities, and crypto. No one is buying government debt. There are macro and micro problems looming. Within the states, there is an extreme division between two polar opposites points of view. We are currently amid the second-longest government shutdown in US history because neither side can agree on how to spend federal funds. One side envisions a Marxist utopia, while the other extreme sees technocratic control over consumerism.

The division cannot be repaired. The cycle can never be controlled or altered, although countless men have tried and failed over the course of history. The United States is due for another massive civil war, but this time, it will be far larger than a mere revolution over taxes. Governments across the world will experience an uprising that causes their demise post-2032, and a new system will emerge. This is not my opinion – it’s just time.

State Voting Audits


Posted originally on Oct 24, 2025 by Martin Armstrong |  

Voting Machine

How many illegal immigrants have been permitted to vote in US elections? The number has been shrouded by federal law until the Trump Administration provided states with the authority to audit voter rolls. Texas Secretary of State Jane Nelson announced the results of the Texas state audit—2,724 noncitizens across 254 counties are currently registered to vote.

“Only eligible United States citizens may participate in our elections,” Nelson said. “The Trump Administration’s decision to give states free and direct access to this data set for the first time has been a game changer, and we appreciate the partnership with the federal government to verify the citizenship of those on our voter rolls and maintain accurate voter lists.”

This may seem to be a relatively small sample, considering the 18 million registered voters in Texas, yet it is essential for election integrity. The audit compared federal citizenship records to the US Citizenship and Immigration Services’ SAVE database. Voters in question will now have 30 days to prove citizenship or face removal from voter registration.

Oregon conducted a voter audit and found 1,822 noncitizen registered voters. Local governments claimed it was due to a Motor Voter clerical error, and only 38 noncitizens cast a vote in the 2024 US Presidential Election. Iowa’s search found 2,000 noncitizen voters on roll, 35 of whom cast a vote in the last presidential election. Michigan’s audit found 15 migrants who voted in the last election, while Louisiana’s audit found 79 had voted.

Under federal law (18 U.S.C. § 611), it is unlawful for any alien to vote in US elections. The punishment can include up to a year of imprisonment, although deportation is the typical result. Some believe that there are too few registered voters to warrant the expense of an audit. The problem becomes what happens when these matters go undetected. There was a clear plan to flood states with state-sponsored migrants who were guaranteed to vote for one party. The tactic becomes far less efficient when monitored to ensure that only citizens have a say in the direction of the nation.

Another Violent Outburst – Democrats Inciting Civil Unrest


Posted originally on Oct 24, 2025 by Martin Armstrong |  

Civil Unrest BW

Democratic Texas state Rep. Jolanda Jones would like to “wipe out” every Republican in an urban American style of Shira law.

“I’m from the hood, okay? So when a bully comes, like, if there are no rules, you literally have to figure it out. So, Donald Trump has changed things, and people trying to do what’s always been done is not going to work,” Jones said. “And I think that’s why Democrats are losing black people, that’s why they’re losing poor people, because poor people, all they want is for us to fight.

So if you hit me in my face, I’m not going to punch you back in your face, I’m going to go across your neck, because we can go back and forth fighting each other’s faces. You’ve got to hit hard enough where they won’t come back,” Jones continued. “And so, yeah, for the same way I went to New York and spoke with Governor Kathy Hochul and said if they’re going to try to wipe us out in Texas, we need to wipe out every Republican in New York, in California, in Illinois, so no one can make me feel bad about fighting for the people that I represent.”

This is an elected official. It is unclear who cast a vote in favor of Jones, but she has vowed to “fight ugly” against her political opponents. Jones platformed for “tolerance” and “diversity” as a female black lesbian candidate. Hence, her main donors are the LGBTQ+ Victory Fund and the Equality PAC. Perhaps the Democrats are “losing black people” and “poor people” because their policies have failed?

Joe Biden insisted that a person’s race would be in question if they cast a vote for a Republican candidate. The Democrats are no longer the party of the people, but rather, the party of the uninformed voter.

These people truly believe that their opponent is their sworn enemy and see Republicans as a “threat to democracy.” The Hitler analogy has brainwashed the far left. For example, a private text leak showed Jay Jones comparing Republican House Speaker Todd Gilbert to Pol Pot and Hitler. “Three people, two bullets, Gilbert, Hitler, Pol Pot. Gilbert gets two bullets to the head.” Also relayed a scenario where Gilbert’s wife is forced to watch their child die.

I’ve reported on Rep. Hakeem Jeffries’ call to “fight in the streets.” The “No Kings” protests continued the “Trump is Hitler” narrative, although no one can actually state what Trump has done to act as a dictator. Obama also wanted to deport migrants. The National Guard has been decreasing crime across American cities and the majority report feeling safer. If there were a king, these protests would not have occurred.

The Democrats cannot make a rational argument on the House or Senate floor. Instead, they want the people to be outraged to skew perception. “We are here to tell our lawmakers that what’s going on in our government is wrong. They must stop the abuses of this petulant president and his circle of sycophants,” Sen. Raphael Warnock (D-GA) stated, failing to realize that he is a lawmaker with the ability to deliver messages.

Comically, the Democrats now love our Founding Fathers. The very people whose statues they toppled are being hailed as heroes. “Boston has been defying kings since we threw the tea into the Harbor in 1773,” Senator Elizabeth Warren shouted. Nancy Pelosi, who has been in politics for four decades and comes from a political dynasty, also participated in the protests.

What are they protesting? What exactly do they stand for, and what is the end goal? The only commonality among Democrats is hating Donald Trump and his supporters. The party is quickly losing voters, and instead of switching policies, they are ramping up the violent rhetoric to misdirect the emotions of confused and disgruntled Americans.

Peace Proposal to Prevent World War III


Posted originally on Oct 23, 2025 by Martin Armstrong |  

Russia_Peace_Deal Cover
Russia_Peace_Deal Index

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Russia Peace Deal-7-F

If this doesn’t work go to his blog.

Post-Pandemic Inflation in Canada


Posted originally on Oct 23, 2025 by Martin Armstrong |  

inflation

Inflation in Canada rose to 2.4% this September, as reported by Statistics Canada. Excluding gas, the rate sits at 2.6%. Volatile prices among all essentials, from groceries to shelter, are ramping up the cost-of-living crisis for all Canadians.

Grocery prices have been on the rise since the pandemic and cannot be attributed to tariffs. The Consumer Price Index (CPI) shows grocery inflation is approximately 4% year-over-year, compared to an overall inflation rate of 2.4 percent. The 2025 Canada’s Food Price Report estimated that a family of four would spend C$16,833 on food throughout 2025, an increase of C$802, but prices have surpassed expectations.

Grocery prices surpassed overall CPI during COVID when inflation averaged 2.8%. That was merely the beginning of rising food prices, which rose to 3.5% YoY by 2021. Global energy price shocks due to the Russian-Ukrainian war, coupled with agricultural volatility, caused prices to reach all-time highs in 2022 when food inflation reached 9.8%. With no relief in sight, grocery prices peaked in early 2023 above 10%, marking a four-decade high. Prices stabilized to an extent this year but continue to outpace the overall rate of inflation.

Canada Report 2025 F

Shelter is the other main component of the cost-of-living crisis in Canada. Over the last five years, the shelter component of CPI advanced from around 150 to about 188 index points, or a cumulative increase of roughly 25% since the pandemic. The Bank of Canada reduced rates to near zero early in the pandemic, which caused a surge in home purchases. National shelter CPI climbed 2% annually, but home prices soared 20% from mid-2020 to the end of 2021 as the cost of borrowing and inventory was low. Rent freezes among provinces caused the shelter component of inflation to remain muted through 2021.

The central bank pivoted from QE in 2022 and led to an unprecedented rise in mortgage costs. Shelter inflation soared above 6%, a level not seen since the early ‘80s. Real estate prices waned later in the year but CPI shelter costs rose due to rising mortgages. Shelter inflation peaked to 7% YoY in mid-2023, driving the majority of the broader CPI, while rentals averaged around 9%. Mortgage interest costs spiked by over 28% YoY, according to StatCan data.

Shelter relief was brief in 2024 for owners, but rentals soared above 9% into August. The average nationwide rental price hit C$2,200 by the end of the year, or 30% higher than pre-pandemic levels. The central bank maintained the 5% policy rate and interest costs plateaued. Now in 2025, shelter inflation still remains well above overall inflation. CPI shelter hit 188 in August, 2.6% up YoY, while rent decreased from 9% to 5%. Policy cuts at the BoC led to an average mortgage rate at around 4.6%. Still, shelter costs continue to rise faster than every CPI component aside from food in recent years.

Rentals are one-third higher than pre-pandemic levels and vary widely based on province. Grocery prices have not meaningfully waned since the pandemic, but these costs have become the new norm. Governments cannot prince away inflation through rate policy. Fiscal deficits and currency debasement must be addressed. If government spending continues, debt levels rise, and the central bank becomes effectively stuck. Central banks have limited control over inflation since fiscal and monetary policy have become polar magnets.

Mega Bankruptcies On the Rise


Posted originally on Oct 23, 2025 by Martin Armstrong |  

Bankruptcy

Corporations with assets exceeding $100 million are seeing a surge in closures and bankruptcies. Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2025 Update found that filings began to increase in early 2023 and have continued to rise into 2025. Over the past year, 117 mega corporations filed for bankruptcy. This is unusually high and 44% above the 2005-2024 average of 81 bankruptcies per year.

Mega bankruptcies or corporations with assets exceeding $1 billion are also on the rise, with 32 filings in the past month, up from 24 the year prior. The 2005-2024 average was 23 per year. In the first half of 2025 alone there were 17 mega bankruptcies on record, marking the highest figure on record since the pandemic of 2020.

Manufacturing has been hit hard. This is not the result of tariffs or a lack of migrant workers. The catalyst reported by 67% of manufacturing mega bankruptcies is the regulatory, legal, and political landscape. Additionally, 61% of all mega bankruptcies noted reduced demand due to high inflation, which forced them to file for financial insolvency. The service industry was hit the hardest by inflation as consumers do not have the disposable income.

Every report calls inflation an external factor but it has been exacerbated by fiscal deficits and central banks tinkering with rates in an attempt to control demand when that has never been the issue. Corporations of this size do not go into bankruptcy without a lengthy process. Years of mismanagement, trade barriers, ESG mandates, ever-changing policies, and taxation have chipped away at these industries.

Liability management transactions (LMTs) hit a record of 45 completed transactions last year and 27 in the first half of 2025. Dealing have become more complex as they attempt to delay the inevitable. Mega corporations relied on bailouts in the past, but the government has too many mouths to feed.

The fact that mega bankruptcies are rising shows that even large, previously “too big to fail” firms are no longer immune from collapse. That suggests a weakening foundation that threatens the broader financial system.

Amazon to Replace 600K Jobs with AI


Posted originally on Oct 23, 2025 by Martin Armstrong |  

assembly robot

The headlines continue to support what the computer has been stating—unemployment in the US will rise in 2026. A newly leaked document reveals that Amazon plans to replace over half a million workers as companies increasingly turn to automation to reduce costs.

An astounding 600,000 jobs are at risk as Amazon is seeking to replace a significant amount of its workforce with automated robots. In fact, the company believes it can automate 75% of all operations by 2027. Over 160,000 roles in the operations department will be lost in the next two years. The company believes the switch to automation will save them $12.6 billion from 2025 to 2027, with an average savings of 30 cents for every item shipped to customers from Amazon warehouses.

The New York Times revealed the plans that also include limited discussions of “AI” or “automation” to reduce the anticipated backlash. “Advanced technology” will replace the phrase “AI,” and “cobots” will replace the word “robots,” as Amazon would like the public to believe that these machines are working alongside humans to assist rather than replace. The company will also increase plans for community involvement, exploring options like a Toys for Tots parade, as protests and extreme backlash are inevitable—600,000 is an astonishing figure.

Online shopping has become the norm. Amazon has more than tripled its US workforce since 2018 to around 1.2 million. The board believes it will sell twice as many products by 2033. Amazon purchased robotics maker Kiva for $775 million in 2012 at the dawn of robotic AI replacement. By 2025, the company had developed one of the most advanced warehouses in the world in Shreveport, LA. Thousands of robots operate the Shreveport warehouse, where they are learning to replace their human co-workers. The warehouse needed a quarter fewer workers last year and plans to cut the number of human workers by half in 2026 as “cobots” advance in skill. Forty facilities modeling Shreveport will open across the nation by 2027.

Amazon currently “employs” one million robots worldwide. The dawn of automated human replacement is upon and will begin behind the scenes in warehouses and factories. Amazon’s plans were leaked; every major corporation is seeking to follow the same path.