Category Capitalism

Mar 30 2022

Nigel Farage: Trump Was Right Again


Armstrong Economics Blog/Energy Re-Posted Mar 30, 2022 by Martin Armstrong

German delegates openly laughed at former President Donald Trump for demanding energy independence and warning that their nation would become completely reliant on Russian energy. “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation,” Trump stated clearly. Now, Germany is issuing warnings that an energy crisis is on the horizon.

As Nigel stated, those who accused Trump of doing Putin’s bidding have made themselves completely dependent upon Russia. I do agree that Trump’s “New York-style” did not suit everyone, as Nigel politely stated, but as a result, America has a brittle old man in power who is too timid to speak clearly or accurately. The media painted Trump as Putin’s pawn. Yet, the Steele Dossier proved to be fake. Russian collusion proved to be fake. Most media outlets have failed to redact their false reports, and the public at large still believes that Trump was sacrificing domestic policy in favor of Russia. The clear ties between the Biden family and Ukraine have been ignored. The decision-makers ignored all the facts that were staring them in the face years ago and are responsible for the energy crisis.

Mar 21 2022

Comments & Free Markets


Armstrong Economics Blog/Basic Concepts Re-Posted Mar 20, 2022 by Martin Armstrong

COMMENT #1: Well, at least I got the decline accelerating in the Ruble correct and thanks to your models knew the war and commodity cycles were turning up. Getting the fundamentals correct ahead of time is a work in progress and definitely not easy.

But while watching the Ruble crashing into weakness going into the ECM, one could not reverse position and go long the RUB. Heck, nobody could even open new positions and definitely not buy the RUB. All that was allowed was closing already existing positions. And now the RUB was even removed from the trading platform altogether.

So my original trading strategy of shorting and then going long RUB got cut short and max profits throw out the window. So much for free markets.

EM

COMMENT #2: Marty you have proven your model and computer is the key to running governments for the future living with the cycle. It is easy to see why the CIA wanted your model pinpointing Ukraine almost 10 years in advance as the key spot for war. It is also interesting how others prefer not to ever mention you for your work is not opinion like everyone else. I really hope you succeed in securing Socrates for the world long-term. We all can learn so much.

All the best from Poland

and thanks for the conference that you did here in Warsaw

VA

REPLY: The free markets are not so free. During the Civil War, even President Lincoln went after trading gold and argued those people were making money off of every battle. The EU wanted to take trading the Euro away from London because of BREXIT. The people running these governments will NEVER honor the free markets when they go against them.

Yes, it was very nice to meet everyone in Warsaw. I had not been there before. I am doing my best to make sure Socrates continues beyond my shelf life. The problem is that the world is run by the seat of its pants and it is always based upon bias, prejudice, and power-plays driven by ego. I think some people just need to have an enemy and no matter what changes, they ignore that to keep the hatred ongoing.

There are people who still call China Communist even though there is private ownership which is the opposite of communism. They will continue to hate China no matter what and that in turn only invokes a response to counter that trend. Biases like that prevent us from ever moving forward and society is at times like a scratched record playing the same track over and over again.