Biden Proposes Largest Spending Package and American Taxpayer Burden in US History


Posted originally on Mar 13, 2024 By Martin Armstrong 

2023_02_21_Biden Poland Speech

The Biden Administration is outright destroying America through reckless spending. The Federal Reserve has warned that Biden’s current spending habits are robbing future generations of Americans. They cannot stablizie prices or make a dent in inflation due to the rising national debt. After his State of the Union address, Joe Biden unveiled his next spending package that could cost Americans $7.3 TRILLION.

Americans are expected to pay $5.5 trillion in tax hikes to fund this bill, which will offer nothing to the everyday American. The Committee for a Responsible Federal Budget (CRFB) told the Office of Management and Budget (OMB) that this plan will raise the national debt by $45.1 trillion or 105.6% of GDP by 2034. The national debt already reached 97% of GDP in 2022. This makes the Inflation Reduction Act look like pocket change, as the US has never experienced such a large tax burden.

Biden Republican will bring chaos2022_11_03_20_32_25_Biden_says_Republicans_would_cause_chaos_in_U.S._economy_Reuters

The Western Sanctions Against Russia and U.S. CBDC


Posted originally on the CTH on February 11, 2024 | Sundance 

I made the notation during the Tucker Carlson interview that Russian President Vladimir Putin knows everything below in this article about Russian Sanctions and the formation around a dollar-based U.S. CBDC. Unfortunately, Tucker Carlson does not know the specifics of how it is being constructed.

As I continue deep meetings and very granular discussions about the lessons within the EU that can be applied to the USA, it is worth revisiting this previously password protected post.

I went to the EU, because deep inside all of my research on Russia, things did not make sense.  I was very prepared and organized to expect everything sketchy, and what I found surprised me.  Putting boots on the ground, I now have a completely clear and different view.

Let me start by saying everything we have read about the Western sanctions against Russia is false.  What sanctions might exist do not have any impact, and Eastern Europe has no intention to anger Putin.  When Brussels threatens to kick Hungary out of the EU/NATO, I can almost hear Viktor Orban saying, “Don’t threaten me with a good time.”  Hungary doesn’t even use or rely on the €uro for domestic financial transactions; they still retain their own national currency, the Hungarian forint or HUF.

First things first with the Western financial sanctions- specifically the SWIFT exchange.  It is true you cannot use VISA, Mastercard or any mainstream Western financial tools to conduct business in Russia; however, the number of workarounds for this issue are numerous.  One of those tools is the use of a cryptocurrency like Bitcoin; and within that reality, you find something very ominous about the USA motive.

Crypto users are likely familiar with stories like Binance and the US regulatory control therein.  Factually, outside the USA Binance is being used to purchase and trade crypto without issue, but inside the USA it is regulated.  That brings me to the MEXC crypto exchange, a Mexican version, again available globally but not allowed in the USA.  The same applies to Metamask, used all over Europe but not permitted in the USA.  Start to ask yourself, why all these crypto exchanges are available to the rest of the world but not the USA, and you start to suspect the Russian sanctions, just like the Patriot Act, are something else entirely.

Then there’s app wallets.  You might be familiar with Apple Pay as a process to handle transactions from your iPhone.  Apple Pay is linked to your bank account.  Well, the “wallet feature” exists on other apps also, like Telegram; however, you can find the wallet feature, but if you try to use it from a USA cell phone… “This feature is not allowed in your region.”  Why are digital wallets available for the rest of the world but blocked by the U.S. government?

This brings me to several crypto conversations in the EU at various cafes with people who have a deep understanding.  The commonly accepted bottom line, the Western sanctions, organized by the Biden administration and US Treasury, were not intended to put financial walls around Russia; they were designed to put control walls around the USA.  Russia was the useful justification.

Here’s how it really looks from the outside looking at the USA.  The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency.

Now, does the exploding debt and seeming govt ambivalence take on a new perspective?  It should, because that unspoken motive explains everything.  This is not accidental folks.

Again, the western sanctions against Russia are not having an impact against Russia; they are having a quiet impact in the USA that no one is permitted to talk about.

♦LOGISTICS – Despite popular opinion to the contrary, it is entirely possible to travel all over Europe without being tracked.  If you pick an entry point into the EU (Schengen Area), once inside, you can travel without any national checkpoints or passport checks.  It is also entirely possible to fly all over the EU without ever giving a passport number when you book the flight.  The trick is to know which airline.  You are a name on a passenger manifest, nothing more.

Bottom line, travel around the EU is less controlled, tracked and monitored, than travel inside the USA.  Yes, let me emphasize; freedom of travel is greater in the EU than it is in the USA.  This was completely unexpected.

♦GROUND REPORT – You might ask how I know the Russian sanctions are ineffective – here’s an example.  After doing advanced research, I went to three separate banks as a random and innocuous customer.  I put my reason in the kiosk at each bank, got my ticket number and sat down to listen to the conversations. When my ticket number came up on the digital board, I just ignored it and sat for hours listening to conversations.  No one ever noticed or questioned me – not once.

At every one of the banks, the majority of the customers, at the “new account” desk, were foreign nationals asking about setting up business accounts to trade with Russia. In every bank the conversations were friendly and helpful, with the bank staff telling the customers exactly how to set up their account to accomplish the transactions.  No one was saying no; instead they were explaining how to do it in very helpful detail.

Within Russia, there are now 3rd party brokers with international accounts, an entirely new industry, which creates a layer of transactional capability for the outside company to sell goods into Russia.  A Samsung TV travels from South Korea to the destination in the RU with the financial transaction between manufacturer and retailer now passing through the new ‘broker’ intermediary. Essentially, that process is what was happening in the banks for small to medium sized companies.

♦ Back to the crypto and digital wallet angle.  In addition to financial/transactional brokers for durable goods into Russia, there is now an entire industry of selling telephone id’s with EU phone numbers to process the transactions that are blocked by the USA sanction regime.

Meaning, a person could buy a phone and register a phone number from within the EU, and then go back to the USA and access all the blocked/restricted financial processes [Binance (non-US), Metamask, MexC, Telegram digital wallet etc].  This would permit them to do untracked financial transactions into and out of Russia from the USA without the USG knowing about them (sanction workaround).

[DISCLAIMER: in the interest of my own legal risk, I did not do this; I’m just explaining.]

I am not smarter than the U.S. intelligence community, so what does this mean?

This means the U.S. government knows exactly why the Russian economy is thriving, the Ruble is stronger against the dollar, and there is nothing -not one thing- visible or different on the ground in Russia that an ordinary Russian citizen would notice.  In fact, the Russian economy is doing fine, better than before the Ukraine conflict initiated, albeit with new financial industries created by the sanctions.

If the US government knows this, then why the sanctions?

Asked and answered.  The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in.  The Western sanction regime, the financial mechanisms they created and authorized, creates the control gate that leads to a U.S. digital currency.

In essence, the Ukraine war response justified a system that creates a digital dollar.

I will have more, but for now just think about this aspect.

Interview: Martin Armstrong’s Socrates 2024 Election and Economic Forecasts — Part 1


Posted originally on Jan 31, 2024 By Martin Armstrong 

Join Kerry Lutz and renowned economist Martin Armstrong for a captivating discussion centered around the Socrates computer model’s uncanny accuracy in predicting political and market trends since 1985. Discover the model’s compelling projection of a 61% chance for a Republican victory in the upcoming 2024 election and its implications for the political landscape.

Delve into the erosion of confidence in government, potential election irregularities, and the profound impact of deviations from historical election norms. Gain insights into the influence of various political agendas, including discussions about veiled threats and the involvement of influential figures like Klaus Schwab and George Soros in funding Democratic elections.

Transitioning to market forecasts, Martin Armstrong reaffirms his earlier prediction regarding the crucial turning point in January. Explore the far-reaching effects of global capital trends on stock markets, with a focus on how geopolitical events shape investment decisions and influence various stock market indexes.

The conversation also tackles pressing economic issues, such as the potential consequences of increased taxes and selective debt default, the dollar’s reserve currency status, and the challenges faced by farmers and migration trends within the United States. Despite technical challenges, Kerry Lutz and Martin Armstrong exhibit adaptability and resilience, making this discussion a must-watch for those seeking insights into the ever-evolving world of politics and finance.

Biden Selling Border Wall Supplies to Ensure it is Never Constructed


Armstrong Economics Blog/Corruption Re-Posted Aug 22, 2023 by Martin Armstrong

It could not be any more evident that the Biden Administration is allowing a full-scale invasion of the US from the southern border. Trump asked for around $4 billion to secure the US-Mexico border wall, a small fraction of what the US is now spending on maintaining the countless illegal aliens. New York alone estimates they will need $12 billion over the next three years. These people who entered America illegally cannot work, pay taxes, or contribute to our society in any meaningful way. Their only means of survival are government handouts. There is a reason that there was a PROCESS for legal immigration that those who desired a better future with a path to citizenship. Now you can be poor or a criminal on the run and decide to seek asylum in Biden’s America. All of the politicians who champion sending hundreds of billion to secure Ukraine’s border voted against securing the US border. Their concern was not money. It is now clear that there is no plan to solve the migrant crisis because it was a deliberate and calculated invasion promoted by the US government.

Online auction house GovPlanet, specializing in military equipment, announced that it had sold 81 lots of steel “square structural tubes” that were intended to secure the border wall. The NY Post reported that GovPlanet sold that “surplus” for $2 million. Then they sold 729 of those beams for a mere $212 per piece. They are losing money by selling these items for pennies on the dollar, but time is of the essence for Biden as Republicans are proposing new legislation to reimplement the project. Biden wants to ensure that the wall is never constructed and has decided to throw away millions in supplies to keep the border open to everyone and anyone.

All of these supplies were purchased with US taxpayers’ dollars. Trump was mocked relentlessly for requesting a few billion to prevent this absolute madness. Republicans are now proposing the Finish It Act to ensure the government uses the $300 million of remaining construction material to secure the wall. Biden halted construction on his first day in office when he was instructed to undo every barrier to the Build Back Better agenda. He appointed Kamala Harris as the border tzar and she never bothered to visit because it was of no concern. They knew the plan — open the borders and let masses of people utterly dependent on the government in AND allow them to vote so they can keep their free meal tickets coming. This is absolute treasonous behavior; our own president is encouraging a mass invasion on American soil. Yes, our very president is hell-bent on destroying the country in any way possible.

Replay – President Trump MAGA Speech, Farmers for Trump – Council Bluffs, Iowa (Full Video)


Posted originally on the CTH on July 7, 2023 | Sundance

Earlier today President Trump kicked off a new coalition of Farmers for Trump in Council Bluffs, Iowa

While much of the first segment of the speech covers topics of significant importance to farming and agriculture, President Trump also expanded his remarks to cover current political events. WATCH:

FULL SPEECH: President Donald J. Trump Holds MAGA Rally in Council Bluffs, IA – 7/7/23

World Events


Armstrong Economics Blog/World Events Re-Posted Jun 18, 2023 by Martin Armstrong

GREAT POINT by Lee Smith – The FBI May Not Be Burying the Evidence Against Joe Biden, The FBI May be Using it as Leverage Against the White House


Posted originally on the CTH on June 17, 2023 | Sundance 

In this podcast interview between former HPSCI Chairman Devin Nunes and journalists Margot Cleveland and Lee Smith, the discussion begins with the recent revelations provided by Senator Chuck Grassley about audio tapes as evidence in the Biden bribery scandal. {Direct Rumble Link}

As the story has unfolded, the Confidential Human Source who tipped off the FBI to Joe Biden taking bribes from foreign governments, also claims to have audio tapes of himself talking to Joe Biden about the issues when Biden was vice-president.  The FBI has been sitting on this Biden bribery knowledge for multiple years.

The most common opinion of the FBI motive was their intent to burying or capture negative information about Biden.  However, with the institutional corruption of the domestic national security apparatus being very visible within DOJ and FBI, Lee Smith ponders whether the FBI/DOJ might be holding back the Biden bribery material as part of their leverage against the White House.  It is an interesting angle to consider. WATCH:

Lee Smith is very wise in the ways of the Deep State.

Europeans Do Not Want to Support the US in a War Against China


Armstrong Economics Blog/War Re-Posted Jun 12, 2023 by Martin Armstrong

America seems to have lost all true allies. Once the world police, the US has been expected to “save” democracies worldwide since the First World War. The US pledges more to NATO than any other member and has gifted Ukraine endless supplies to protect Europe from “Russian aggression.” Yet, a new poll states that Europeans would not want to back America in a war against China.

Six thousand people were surveyed from Austria, Bulgaria, Denmark, France, Germany, Hungary, Italy, the Netherlands, Poland, Spain, and Sweden. Only a quarter of respondents said they’d “like their country, or Europe, to take America’s side,” while 62% would like to remain neutral. Around 43% said China is a “necessary partner” to the EU, and they must “strategically cooperate” with Beijing. Bulgarians were the most likely to side an alliance with China (8%) and/or consider the nation a “necessary partner” (58%). Swedes were the most willing to support the US, with 26% calling China an adversary. About 31% of Poles also said they would side with America if they were to go to war with China.

What will happen to America’s allies when China becomes the more strategic trading partner? American politicians have destabilized our economy and are attempting to steer away from capitalism. Countries will be lining up to sell to China, and not the US.

In the end, it does not matter. The people are never permitted to vote on whether or not we go to war. Most of us, regardless of nationality, simply want peace. We all want to have enough to live comfortably, which is not an option during wars. They ask us to sacrifice, but for what? Our politicians create conflict and send the people, who never had a say in the first place, into battle to die.

If China enters Taiwan, the world will erupt into chaos. The neocons have been waiting for that very moment to justify a new war. Every NATO member nation would be required to fight China. A Gallup poll from February showed that 65% of Americans wanted to support Ukraine against Russia, but they likely do not realize what it entails. We are not merely giving Ukraine supplies; we are preparing for a worldwide battle. In the end, the people are merely cannon fodder and I hesitate to show any support to a politician who believes war is the only option for conflict resolution.

The Real Hidden Agenda – It’s Time to take the Red Pill


Armstrong Economics Blog/Politics Re-Posted May 30, 2023 by Martin Armstrong

COMMENT: Martin,
I’m gay and I agree with you on this transgender drivel, especially letting male-born athletes compete in women’s sports. It is becoming scary for those of us who are just gay. We are being thrown in the same category as this transgender agenda. I too have been to Thailand. The Ladyboys in Thailand are numerous and are accepted in society. They are smart enough to not make a political issue of it as is taking place here in America.

As for your view of Trump as the only hope to save our politics, I profoundly disagree. I think he is arrogant and ignorant. He doesn’t care if what he says if it is true or not.

CP

REPLY: With respect to Trump, you have to separate the individual from the politics. I understand people hate Trump. The media have spread this BECAUSE he is a threat to the Washington political establishment. Nonetheless, not even Trump can stop the decline and fall of Western Civilization.

People get offended by his crude statements at times. But at least you know what he really thinks. Is it better for a career politician to say everything you want to hear and then look at you as a stupid fool and do the opposite?

I have worked in Washington. There is ABSOLUTELY nobody who is a career politician in either party who will really stand up for the people. They are under pressure all the time to conform to the unelected party bosses.

I have met many heads of state in my 40 years. I have said the truth. Trump was the ONLY such person who ever impressed me as actually being human. His statement that he wanted to bring our boys home from Afghanistan because he was tired of writing letters to their parents to thank them for their son’s sacrifice of dying for his country. He actually said what are we doing there? They are fighting over borders for a 1,000 years. What difference will we make?

No head of state EVER spoke about the people. It was always about their policy. I have come to see that we are just the pawns – expendable pawns at that. There are always more of us to come. They look down upon the people as stupid scum. This whole digital currency thing is to track everything we do.

So you may find Trump’s statement and his arrogance at times as distasteful. We will never find someone perfect. But all of this is irrelevant. For there is NOBODY coming on some white horse to save the day. Trump’s quality was that he was NOT a career politician and what he was doing was for his personal legacy from ending wars to building a wall to protect our borders.

So all I can say is to those who hate Trump so much, you better look closely at the others for they have nothing but contempt for you.


Back in the ’70s, I hired a death mute – Danny. He taught me sign language and we could communicate and laugh together. I had a major surgeon as a client and he said that he probably could restore his hearing. I offered to pay for everything for him and he declined. He was afraid to hear sounds. He grew up that way and was in his late 20s and did not want to change. He taught me that what I thought would be a generous offer was really just me thinking that normal was the ability to hear. We cannot judge others by ourselves.

One of our staff who is black, was rather upset about the whole Black Lives Matter movement. She explained that it was being usurped by non-blacks. There was clearly a strange agenda behind the curtain. Soros and his defund the police agenda was to create civil unrest and cause the country to get prepared for this one-world government.

Ruth Bader Ginsberg was the first woman to make it to the Supreme Court. She was an advocate for women’s rights. But she came out and explained that the entire Abortion Movement was a fraud. They called it women’s rights and have indoctrinated many women who passionately take that position. They have been cleverly manipulated by the Gates crowd and the Rockefeller Foundation for their real goal was to reduce the population. Gate’s father started the whole Planned Parenthood and placed them in minority areas to reduce their population on a racist basis.  Like his father, Gates has targeted Africa to reduce population.

Now, the total number of people who identify as Transgender is 1.6 million out of a population of 331.9 million (2021). That is 0.0048%. Now, how has this become such a major issue? There is absolutely NO WAY this Transgender group had the money or the clout to turn this into such a huge issue. Diving deep behind the curtain and you will find, just like abortion, it is being funded for the purpose of reducing the population – and has NOTHING to do with Pride or gay rights. They are being exploited just as women were told it was their right to have an abortion – kill that baby and save the planet.

This Transgender nonsense is in fact destroying the right of the Gay Community because they are being thrown in with this Transgender nonsense advocating changing children’s sex without parental knowledge all before puberty. Let’s get real here. This agenda is to promote the reduction in the population and has NOTHING to do with the Gay Community or their rights to inclusion and equality.

This is always the same strategy – manipulating society to achieve its undeclared goal be it war, politics, or women/transgender rights. It is like LIFE Insurance which is really DEATH insurance. They sell fire, accident, theft, and hurricane insurance. But they could not sell DEATH insurance so they called it LIFE insurance and people brag how much they have.

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Remember the lockdowns? The whole COVID nonsense was a scam to end commuting and terminate offices bringing in virtual work from home all to reduce gas consumption. That was also a manipulation of society for climate change – not for health. There are people still to this day wearing masks driving alone in a car. They have been mentally damaged by these tactics.

NOTHING is ever what it seems. We are the fools and they are always using sophisticated tactics to manipulate society to achieve objectives that they will never reveal.

It’s just time to take the Red Pill and wake up if you EVER hope to survive as a viable human being or take the Blue Pill and live in your fantasy that government actually cares about you.