Posted originally on Sep 11, 2025 by Martin Armstrong
Thailand has become a test case for the use of biometric data in every facet of life. Facial recognition data is required for any single transfer above 50,000 baht (around $1,580), daily transfers above 200,000 baht, and any international transfers from personal accounts. All major Thai banks, such as Bangkok Bank, Kasikorn (KBank), SCB, Krungthai, and Krungsri, require customers to submit biometric data, and the Bank of Thailand (BOT) provides the general guidelines that these banks must follow.
It may begin with banking and documentation, but the ultimate goal is to develop digital IDs that are stored on a centralized database. The board of Thailand’s National Broadcasting and Telecommunications Commission (NBTC) proposed that users must submit biometric data to register SIM cards. The rule went into effect in August and applies to everyone in Thailand, including tourists.
The Thai Ministry of Public Health (MOPH), the Thai Red Cross Society, and the National Science and Technology Development Agency (NSTDA) has implemented the use of biometric data to track undocumented persons. Health agencies claim the technology can identify the spread of disease and assist in providing humanitarian aid and medical services. The MOPH claims the technology is 99.75% accurate. According to the Department of Labour’s Bureau of Alien Workers Administration, over 1 million undocumented migrants were in the nation as of July 2025.
“The application of biometric technology not only improves healthcare, disease prevention and control, medical services, and humanitarian aid with accuracy and inclusivity, but also reflects the protection of human rights and dignity of undocumented people in Thailand. It also creates opportunities for education and research by Thai public health professionals to develop further benefits for the general population,” Health Minister Somsak Thepsuthin stated.
The Thai Red Cross Society is a branch of the global Red Cross agency. Thailand’s Personal Data Protection Act (PDPA) claims all personal data will be securely protected, but they have already begun sharing with international agencies.
Thailand adopted digital IDs back in 2023, but they were primarily mandatory for business at the time. Now, Thailand’s National Digital ID system (NDID) is now held by a private-public consortium that holds the identities of over 40 million people. The Thailand Digital Arrival Card (TDAC) became mandatory for all travelers on May 1, 2025. Citizens are technically not required to obtain a digital ID but it certainly makes life easier if one wants to access digital wallets, online banking, claim government benefits, and so forth.
The Thai government plans to expand Thailand’s digital ID policy to 1,000 public services within the next two years. All restrictive measures begin with a promise to guarantee safety. It appears optional, then convenient, before the measures are enforced through mandates. I know many people who have fled Thailand in recent years due to increased regulations and massive changes in taxation. Thailand is becoming a case study for the widespread use of biometric software, as government surveillance is becoming the new norm.
Posted originally onSep 11, 2025 by Martin Armstrong
The notable revolutions in Nepal include the 1951 Nepalese revolution, the 1990 Nepalese revolution, the Nepalese Civil War from 1996 to 2006, and the 2006 Nepalese revolution. Each of these events played a significant role in shaping Nepal’s political landscape. Nepal has a fairly regular revolutionary cycle in its blood. This one in 2025 is right on schedule. The tension began to escalate as the year 2024 drew to a close.
Posted originally on Sep 10, 2025 by Martin Armstrong |
Nepal’s Prime Minister Khadga Prasad Oli resigned immediately after massive youth protests swept the nation and led to deadly clashes with police that left over 20 dead. Anger over government corruption has been rising. Youth unemployment surpassed 20% and people aged 15 to 40 compose 43% of Nepal’s population. The final straw was a nationwide ban on social media imposed on September 4, 2025. The youth took to the streets to demand immediate change.
Nepal’s Finance Minister, Bishnu Paudel, was chased through the streets by an angry mob. Paudel was beaten, stripped naked, and paraded through the streets in his underwear. RT posted the above video shortly after the incident, although it is unverified whether or not the man in the video is Paudel. PM Oli’s residence in Bhaktapur was set on fire, as was the residence of President Ram Chandra Paudel. Spectators say that the youth were continuously throwing petrol bombs at the residences as they burned to the ground.
Politicians are becoming increasingly concerned over the growing discontent sweeping the world as the cost of living continues to soar. When we examine what has occurred in Nepal, it is not an isolated, random event. Governments are collapsing worldwide due to economic instability. My models have been showing that confidence in governments is collapsing everywhere, from Europe to South America, and Nepal is simply another example of this global trend.
Undeterred by police tear gas, rioters breached Nepal’s Parliament building and burned it to the ground. Kathmandu’s Tribhuvan International Airport came to a standstill. The destruction lasted for two days until Oli accepted defeat and allegedly fled the country. Over 90 people have been hospitalized for wounds related to clashes with the police who were far outnumbered by persons and sheer rage.
Nepal has always been a buffer state caught between India and China. Every time we see economic decline, corruption, or outside meddling, the population eventually turns against the political class. The overthrow of the Nepalese government is simply part of this larger cycle of anti-establishment movements that will continue to spread.
Governments fall when the people no longer believe in their competence to govern. It does not matter if the system is a monarchy, a democracy, or a dictatorship—the cycle remains the same. We are heading into 2032, the culmination of the Economic Confidence Model, which marks a period of rising civil unrest, political fragmentation, and the overthrow of governments globally.
Nepal may seem small on the geopolitical map, but its fall is part of the domino effect. From Pakistan to Sri Lanka, from Latin America to Europe, the same pattern is unfolding. The loss of faith in government as an institution has become a worldwide phenomenon and the people are beginning to direct their anger at government rather than against one another.
Posted originally on Sep 10, 2025 by Martin Armstrong |
The new Home Secretary of the United Kingdom is yet another reminder that the UK is a Muslim nation. Shabana Mahmood, a Pakistani woman, is now responsible for England and Wales’s internal affairs, including immigration, national security, and counter-terrorism measures. The issue is not that she is Muslim; rather, the issue is that open border policies have overwritten the history of the UK and permanently altered society.
This is not a one-off as all Muslims are taking office in all major political positions across the UK. The mayor of London, the mayor of Leeds, the mayor of Birmingham, the mayor of Sheffield, the mayor of Oxford– Luton, Oldham, Rochdale, Blackburn, Rotherham, and others—are all Muslim.
Around 46% of young people under 29 years of age in Britain are Muslim, compared to 29% of the general population. Muhammad has been the most popular baby name in the nation for several years. The 2021 England and Wales Census marked the first time that less than half of the population (46.2%; 27.5 million people) identified as Christian. Pew Research Center believes that Muslim women will have more children than Christian women by 2035, and Islam could become the most followed religion in the world. There is nothing inherently wrong with the religion of course, but it is understandable that people want to maintain their own nation’s traditions, religion, and morals.
Around 78% of the Muslim refugees in the UK do not work among the women, and 63% of male migrants also rely on government aid. About 8 in 10 Muslim refugees in the UK now receive free government housing. Asylum seekers are entitled to FREE healthcare from the National Health Service (NHS). “You may be able to get housing and money to support you and your family while you’re waiting to find out if you’ll be given asylum,” the National Asylum Support Service (NASS) promotes on its website. The NASS will pay for housing and free education for all migrants, even those who have been DENIED asylum.
The Labor Party under Starmer has agreed to increase government spending on migrants by 30% this year. Schools across the UK are required to provide Halal-only lunches to accommodate the rapidly growing Muslim population. According to the Halal Times, “The Halal certification process involves a cut to the jugular vein, carotid artery, and windpipe, with the animal being alive and healthy at the time of slaughter. Blood must be fully drained from the carcass, and a Muslim must recite a dedication known as Tamiya or shahada during the slaughtering process.”
There were 1.6 million Muslims living in the UK in 2001. That figure rose to 4 million by 2024, and Muslims now account for 6.7% of England’s population and 2.2% of the population in Wales and Scotland. Repopulation theory is more of a tactic than a theory. Hence, leaders like Starmer are encouraging this massive demographic shift. As it stands, first-generation migrants will compose 25% of the UK’s population by 2035, according to the Centre for Migration Control, and the UK’s overall population will surge to 73 million. It may seem far off, but that is only a decade from now. All Build Back Better nations will be utterly unrecognizable thanks to repopulation tactics.
Posted originally on Sep 10, 2025 by Martin Armstrong |
COMMENT: The comment you posted was correct. Jim Cramer always said bad news is good news. He and everyone else continue to advocate for lower interest rates, and you have shown that when rates decline, so does the economy and stock markets. It looks like Trump is not much better with his constant attack on the Fed.
Joe
ANSWER: I am a trader – not a promoter, academic, or a TV host. When you actually have skin in the game, you cannot trade based on stupid theories. The fact that these people can say that BS time and time again that lower rates are suitable for the economy, makes the word STUPID and a compliment to their mental capability, for they have not yet invented a word to describe their cognitive ability, which seems to be so myopic that they are at the level of an ameba.
I agree, Trump’s attack on the Fed is absolutely dead wrong. The Fed has lowered rates during the Great Depression and every single recession right up to the 2007-2009 recession with ZERO impact whatsoever. No matter how loud I scream, they will NEVER change this propaganda, and they will not only doom the country, but also cause a lot of economic harm to people who act on this propaganda.
The ECB went NEGATIVE on interest rates in 2014 and maintained that until 2022, with ZERO impact on reversing the economic downtrend. They will NEVER learn, and this is what 2032 is all about. Those in power neither understand how the economy functions nor do they care about trying even to figure it out.
No matter what you show a Democrat, it just makes them “feel all warm and fussy” inside to hurt people who have more than they do. They refuse to look at history and show just once where their theories have EVER worked a single time. We have the same entrenched stupidity on the right with this nonsense that lowering rates is good for the economy. We are doomed because of this foolishness on both sides and the REFUSAL even to look to see if this propaganda is right or wrong.
The stock market has NEVER peaked at the same level twice in history. The peak in Call Money was 1899, and the reason was a financial crisis in Britain that forced capital to be recalled from the emerging markets, which was, back then, the USA. The capital outflows led to shortages in cash, causing rates to rise. In 1929, the biggest rally occurred, with rates at their lowest, as capital from around the world concentrated in the USA following World War I.
The goldbugs have told everyone to sell stocks and that only gold will rise. Like the Marxists, it just makes them feel warm and fuzzy inside to hate stocks and preach only gold, but will NEVER investigate what they are saying. This is what makes it so hopeless.
Even during the Great Depression, the most famous analyst was Irving Fisher. He predicted that the market had reached a new plateau and implied it would never crash. He was dead wrong, and his reputation was severely impacted. Irving Fisher’s contemporary public reputation was utterly destroyed by the 1929 crash, primarily because of a famously ill-timed statement.
Galbraith’s socialist philosophy clouded his view of the Great Depression, blaming speculation and the private sector while ignoring the government defaults from Europe and Asia that contributed to the collapse of 9,000 banks. The primary issue in analysis is that people often start with a theory and attempt to prove it, rather than genuinely learning from the data.
Every single BS theory these people espouse is just utter nonsense. They have NEVER looked at markets and are incapable of basic research. They open their mouths and spit out words merely because everyone else does, and they are scared to death of peer review by yet other idiots. Yes, I have fought against the bankers, the Deep State, and various intelligence organizations, and all try to silence me and put out BS, desperate to try to prevent people from simply understanding reality.
Even the complete nonsense that currencies are FIAT and only gold will survive is another absolute piece of raw BS. Again, they just take the Austrian School nonsense and never look at the monetary system at that point in history, when in fact the exchange rates between currencies were purely based on the metal content. There was no real superpower or centralized dominant economy when they were trying to come up with explanations of a process they did not fully understand. The first non-metal monetary system was based on a central ledger system of entries in ancient Egypt. Money was essentially equivalent to wheat that they deposited in a bank, and they were the first to implement a GIRO banking system in the world. You could transfer money from your account to another (GIRO), which did not appear until the Italian bankers of the Middle Ages. The Egyptians did not use coins until they were conquered by Alexander the Great in 332BC. So for thousands of years, it was purely book entries in a bank.
In order for Egypt to engage in international trade, it issued imitations of Athenian Owls. This proved that the value of an Athenian Owl was worth more than the metal content. They could have issued their own coinage, but did not. They imitated the Athenian Owl because that was the recognized currency in international commerce. There was a premium to the metal content or “fiat”; it was backed by Athens itself, not the metal content. Instead, its value comes from the trust people place in the government that issues it and the fact that it is the only legally accepted form of money for paying debts and taxes. The word “fiat” comes from Latin and means “let it be done” or “by decree.” Essentially, the currency has value because the government says it does, or because the people trust that government over others.
The Celts routinely imitated the coinage of Macedonia, starting with the gold of Philip II and then the silver of his son Alexander the Great. Again, this demonstrated that there was a premium to the coinage over and above that of the metal content. This is the very definition of a fiat currency, whose value is based on the fact that the government issues it.
India was the source of the spice trade. They dealt extensively with Rome and Roman coins that circulated in India. They too imitated Roman coinage, and again, the value of the currency was NOT the metal content, but who do you trust? Proof of that statement is here, an Indian imitation gold aureus which weighs nearly 60% more than a genuine gold aureus of Rome.
India was still imitating the coinage of the Venetian Empire during the 18th century. Issuing gold in the form of the most recognized currency in world trade confirms that the value of the currency was more than the metal content.
The Austrian Maria Theresia Thalers are perhaps the most imitated coin, for they were used in international trade by far. She died in 1780, so they continued to strike coins dated 1780, the year of her death. Again, the metal content is generally correct, showing that the coins were acceptable internationally.
Fortunately, you will NEVER convince a fool that he is foolish. There will be plenty of these people who will refuse to listen. They MUST lose their shirts, pants, the house, car, the wife, and the kids before they will ever understand. We learn ONLY from our mistakes – not our victories. So there will be a herd for us to trade against.
Posted originally on Sep 9, 2025 by Martin Armstrong |
Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. The State Bank of Vietnam (SBV) claims that the measure was a system cleanup aimed at preventing fraud. In actuality, the measure is one step closer toward a national ID system that enables the government to control its citizens’ every move.
“This is a data-cleansing revolution,” said Pham Anh Tuan, Director of the Payment Department. “While the total number of bank accounts remains 200 million, by September 2025, once the legal framework is complete, all accounts without biometric data will be closed to prevent scams and fraud. After seven years of promoting non-cash payments, we are moving toward real efficiency.”
Vietnam recently implemented a nationwide digital ID (e-ID) system called VNeID that requires both citizens and foreign residents to surrender to the matrix and permit the government to store their personal information in a centralized database. Fingerprints, facial biometric data, photographs, passports, nationality, criminal records, and even medical records will be stored in the government database. Participation is not optional.
Project 06 launched in January 2022, hailed as a technological revolution to digitize the country. Project 06’s full name is the “Project on Developing Data Applications on Population, Identification, and Electronic Authentication to Serve National Digital Transformation in the 2022-2025 Period (Vision 2030),” which aligns entirely with the World Economic Forum’s plans for the Great Reset. The concept has been sold to the people as a convenience measure, but in truth, the aim is centralized, unrestrained control over the entire population.
Everything from banking to renting an apartment is linked to the digital ID. One wrong move and the government can completely erase someone from the system. One glitch in the power grid and the nation will come to a standstill. The Vietnamese government has the power to halt a person’s life instantaneously.
High-level Vietnamese officials met in Davos in January 2025, and shortly after, began voicing concern for bank accounts that were unverified through biometric data. Vietnam has been actively seeking OECD membership and signed a Memorandum of Understanding, citing that Project 06 will enable the nation to meet the OECD’s guidelines for regulatory reforms. Vietnam was one of the last nations disconnected from the Automatic Exchange of Information (AEOI) that requires members to share banking information under the pretense of preventing tax evasion.
Vietnam signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) with the OECD in March 2023, enabling automatic exchange of tax and financial information with over 146 jurisdictions. In early 2025, shortly after Davos, Vietnam joined the Multilateral Competent Authority Agreement (MCAA) for Country-by-Country Reporting (CbCR), broadening its commitment to AEOI and international tax transparency. In February 2025, Vietnam activated CbCR exchange relationships with 29 jurisdictions including the entire European Union.
Globalist entities defy democracy and demand the complete surrender of national sovereignty under the belief that the world population must be controlled by one centralized force. The majority of world leaders have willingly surrendered, unaware of the full extent of power a small unelected few will yield if the Great Reset succeeds.
Posted originally on Sep 9, 2025 by Martin Armstrong |
Iryna Zarutska, a 23-year-old Ukrainian refugee, fled to America in search of a better life. Instead, Iryna was murdered in cold blood in an unprovoked attack while riding a train in North Carolina. Career criminal Decarlos Brown Jr. was arrested no fewer than 14 times before slaughtering the young woman, and now, the mainstream media is in meltdown mode as they rush to control the narrative.
Wikipedia editors have repeatedly attempted to remove the story. “Nothing is remarkable about this,” the editors at Wikipedia claim. Wikipedia was eager to cover the death of George Floyd and has enshrined his memory with a page that recognizes the global outrage that followed his death. The mainstream media has a very specific agenda and selectively chooses what narratives it wants the masses to believe.
“Decarlos Brown Jr. was failed categorically by the judicial system and the mental health services of North Carolina, and as such is not entirely to blame for what happened,” read Brown’s GoFundMe page that has since been removed. Donations to the 35-year-old homeless schizophrenic man were intended to “fight against the racism and bias against our people,” one fundraiser claimed.
Decarlos Dejuan Brown Jr. had a violent criminal history, including armed robbery, threats, assault, and felony larceny. He had been involuntarily institutionalized in psychiatric wards for schizophrenic outbursts. Liberal judges released Brown without bail after each arrest. The majority claimed Brown was a victim of systemic racism and undeveloped mental health resources.
🚨 NEW: Magistrate Judge Teresa Stokes, who RELEASED 14-time criminal DeCarlos Brown Jr., is also the "Director of Operations" at Second Chance Services, a mental health and addiction clinic in Charlotte, NC.
North Carolina Magistrate Judge Teresa Stokes released Brown after his 14th arrest in January 2025 based on a “written promise” that the man would return to his court hearing. Brown was arrested for misusing the 911 system during a police officer wellness check where the man told authorities that “man-made” objects were controlling his body. “Brown wanted officers to investigate this ‘man-made’ material that was inside of his body,” the affidavit said. “Officers advised Brown that the issue was medical issue and that there was nothing further they could do.” Judge Stokes also happens to act as the Director of Operations at the Second Chance Services clinic, where Brown was once held. There is a clear conflict of interest and blatant disregard for public safety.
Liberal judges refuse to prosecute violent criminals, and liberal politicians refuse to acknowledge that their cities have become overrun by these criminals who are above the law. “The public safety threat that you’re actually after is one that could be remedied well before you grind your way through a court system,” North Carolina District Attorney Spencer Merriweather said before the surveillance video was released. Charlotte Mayor Vi Lyles urged media outlets not to post the video of the unprovoked attack.
Over a dozen judges released Decarlos Brown back into the public to commit new crimes over 14 times since 2014. The judges had clear evidence that this man was not fit for society. Iryna Zarutska’s murder was preventable. The system failed this young woman, and yet, the left mainstream media would like the public to have sympathy for her murderer. It is clear that the bleeding-heart liberals have a cause closer to their hearts than Ukraine or women’s rights. The media attempted to silence the story, and other stories that are increasingly common as liberal judges have been appointed to side with criminals.
Adult men are legally permitted to harass and intimidate young girls in the United Kingdom. Liberal governments insist that migrants should be above the law in all scenarios. These men are unvetted and from non-Western cultures that have an entirely different view of women. Crime has significantly spiked, and yet, the courts are punishing women who attempt to defend themselves from potentially dangerous men.
In Scotland, a 21-year-old migrant approached and began to verbally harass two young sisters. The man used the opportunity to gain 15 minutes of social media stardom and began filming the two young girls after intimidating them to the point where they are visibly upset and screaming for him to leave them alone. “I’m f**** 12 mate. You’re f***** battering kids mate. Coz you’re f***** kid bashers,” the younger sister said. The older sister valiantly protected her sister and warned the adult male, “Don’t f***** touch my little sister she’s f***** 12.” The foreign man continued to harass the girls and urged the children to “show the knife” as he filmed.
Authorities responded to the incident by arresting the 14-year-old girl for wielding a knife and an axe. The man was not arrested or questioned. Instead, he was permitted to film, harass, and publicly humiliate these young sisters for his own amusement because the UK government has abandoned all rationale.
A Police Scotland spokesperson said: “Around 7.40 pm on Saturday, we received a report of a female youth with a bladed weapon in St Ann Lane, Dundee. Officers attended and a 14-year-old girl was charged in connection. She will be reported to the relevant authorities.” There was no mention of the man.
The man will not be charged under UK law. Any adult who saw an adult harassing children would immediately intervene. The UK government, however, intervened on behalf of the migrant and accused the schoolgirl of criminal mischief. This is the new norm across Europe—migrants are above the law.
Around 16% of the UK’s population is foreign-born. MIGRANTS COMMIT ONE IN FOUR SEXUAL OFFENSES IN THE UNITED KINGDOM.There are countless stories of grooming gangs and rape across Europe, and the men are never charged. In fact, the Labour Party covered up the massive grooming gang scandal that was carried out by Pakistani nationals because they did not want negative press. The women, or young girls in this instance, are prohibited from self-defense. Where is the outrage?
Posted originally on Sep 9, 2025 by Martin Armstrong |
COMMENT: Mr. Armstrong, I just had to write to say thank you. Gold is going up with stocks, despite everyone else being indoctrinated with ineffective theories. They keep saying the same stupid shit and pay no attention to the fact that they have continually been wrong. These people are psychopaths and have cost people a fortune and ruined marriages, as I saw with a friend. The stock market and gold have risen with the highest interest rates, the dollar, and it all depends on what you call the outside wildcard. Anyone who doesn’t invite you to these interviews isn’t worth my time. They cannot be trusted in my book.
This is why they make movies about you and no other analyst. Can people invest in the Hollywood movie being made about you? I know people invest in film. If this is about your career and promoting cycles, I think everyone should be chipping in. The world needs to be exposed to your work. You are the only one who makes common sense economically, and you know geopolitics like the back of your hand. They are running out of ideas for films. Their endless Superman movies clearly evidence that. Will there be such an offering to invest in your film?
FS
ANSWER: I am not sure if there will be any offerings to invest in the Hollywood version. I do not get involved in fundraising. I am supposed to have the script in a couple of weeks. The head of the studio is coming to visit in a few weeks. I know they are very serious about this, and they see it as an opportunity to showcase cyclical analysis to the world, which is why I agreed to participate. A top writer is now doing the final polish, from what I have been told.
They wanted something like The Big Short. I was told that the film brought in approximately $133.4 million worldwide against a production budget of $28 million. Obviously, this is why people invest in producing films.
I am not sure who will be playing me in the movie. I believe they then pitch it to A-class actors, so the whole cost thing, I am sure, depends on who they get. I do believe they have most of the funding in place. These people are big producers, not first-timers. When I learn more, I will let everyone know. I am uncertain whether there will be any opportunities for investors. I am not familiar with that market.
I will do an update on the markets on the Private Blog this week.
Posted originally on Sep 8, 2025 by Martin Armstrong |
Troubling data from Friday as the US Bureau of Labor Statistics reported that the economy added a mere 22,000 jobs in August. July’s figure was revised to show an uptick of 6,000 positions for a total of 79,000 new hires. June’s data was revised to show a loss of 13,000 positions, which comes after the prior estimate was also revised to show a 27,000-position decline. Unemployment in the US is now 4.3%.
This is the first published jobs report since Trump fired BLS commissioner Erika McEntarfer. As I explained in an earlier post, the formula used by the BLS is prone to errors and can almost be chalked up to a wild guess. Still, the new commissioner was unable to toy with the data in a meaningful way to quell public fears. Unless, of course, the intention is to pressure the Federal Open Market Committee into lowering interest rates to combat economic weakness.
Workforce softness often leads to lower rates as the Fed mistakenly believes that cheaper borrowing costs will ignite business investment, consumer spending, and strengthen businesses to the point that they need additional employees. Borrowing costs are not the problem.
The Fed has never truly understood the business cycle. They continue to cling to this academic fantasy that lowering interest rates will magically inspire business to invest, hire, and expand. The problem has never been the cost of borrowing. I have spoken with CEOs around the world, and not once have they said they would expand simply because money was cheaper. They expand when they see demand for their products and confidence in the future.
Consumer spending cannot increase amid the current cost of living crisis. The majority of Americans are living on a paycheck to paycheck basis and no longer have confidence in the American dream. They cannot even hoard as they must spend on the essentials. America’s consumer-driven economy cannot survive when the consumers have no disposable income. Manufacturing has not been resuscitated and America’s ability to produce is weak. Companies are saddled with regulations and taxation that have driven up operational costs, causing many to turn to cheap overseas labor or automation. It may be cheaper to borrow but confidence has been lost and businesses are not eager to go deeper into debt by borrowing more and more.
Lower rates hurt retirees and savers. Large corporations borrow to buy back their own shares and are not borrowing to expand. The small and medium businesses have been treading water for the past five years. The government benefits more than the people from lower rates as it remains the top borrower, using public funds to deepen the nation’s insurmountable debt crisis. Cheap money cannot prevent the inevitable downturn on the horizon.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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