Gov. Kristi Noem warns of ‘alarming’ impact of vaccine mandates on military readiness


Ainsley Earhardt Published originally on Rumble on December 2, 2022

South Dakota Gov. Kristi Noem explains Republican governors’ efforts to push Congress to drop the COVID vaccine mandate for members of the military. Noem also discusses her recent ban on TikTok for state agencies.

Right v Wrong


Armstrong Economics Blog/Socrates Re-Posted Dec 2, 2022 by Martin Armstrong

QUESTION: Marty, I have been following you now for a few years. You seem to be never wrong. You always say it is not your opinion. Is there some secret to how you do this? Nobody else seems to even compare. Or is it all just the computer?

FK

ANSWER: We all are human and as such we make mistakes. I understand that the big picture with war and events seems to be never wrong. That is Socrates – not me. I have been wrong in regard to my interpretation at times, but the cycles are always correct like the ECM.

I was one of the first International Hedge Fund Managers. I had even warned Congress back in 1985 that they should merge the CFTC and SEC because complying with one meant you went to prison with the other. They forced funds management offshore. We are all connected. You cannot have gold rise to $10,000 and the dollar turns to dust and nothing else happens. The world economy is like a set of dominoes. If you get the first one right, all the rest will follow.

These people who try to forecast one market can NEVER be correct for the wildcard always comes externally. Right now, the Ukraine war is impacting the global economy and markets. You could not asses the impact by simply watching the Fed. If it were not for (1) the stupid lockdowns of COVID disrupting the supply chain, then (2) this proxy war against Russia and imposing the absurd sanctions on them when they are a key supplier around the world in many areas, then inflation would not have risen and the Fed would not be raising interest rates. Those in power simply only look in front of their nose. Every action has a ripple effect that impacts long-term events. We cannot escape that. I have designed Socrates to survive me. It is not my opinion and when I do express my opinion I state the difference. Even my interpretation of an array can be wrong, not the array.

Everything is connected. We cannot escape that. Without Socrates monitoring everything around the world and writing its own reports on over 1,000 instruments globally, there is nobody who can possibly compete with a personal opinion. The world is far too complex for an individual to see everything from a personal gut feeling.

Because I had focused on currencies from the collapse of Bretton Woods and was called into the first bank failure in 1973 because of a 7% move in currencies,  my company attracted clients from around the world. I had to see the world through everyone’s eyes – not just the dollar. In July 1985, I took the back cover of the Economist for 3 weeks announcing the end of deflation/peak in the dollar, and the reemergence of inflation, which led to the Japanese Bubble in 1989. Interest Rates peaked the very day at 1981.35. The end of that wave was 1985.65 the month of July. It was the beginning of a Private Wave which will end 2037.25.

We published charts back in Barron’s during the early 1980s showing gold in dollars compared to a basket of currencies. We ended up with the largest institutions in the world because our reports went out on telex and the communication costs per market were $225 per day. Only the biggest institutions could afford our services. Then came fax, and then email which has expanded our reach to everyone these days. But make no mistake about this. People may criticize me and others are desperate to try to prevent people from using us. It is either because they cannot compete and pretend this is my opinion rather than a computer, or they want to manipulate the markets and we just get in their way.

China & the Future


Armstrong Economics Blog/Armstrong Economics 101

Posted Dec 1, 2022 by Martin Armstrong

COMMENT: Hello Marty !!
It looks like the ” China as a parking lot for cash has already begun. FXI going to the moon of late in spite of Xi & Co. cutting off their own economic foot to hide behind their troubles and blame it on the darn protestors to the folly, by golly. One thing I’ve learned over the years from you is that when one (You) declares things are gonna get nuts (from a guy who has seen way more then his share), don’t blink when human events exceed the retardation level of insanity (NOW!)

Thank You for your take on reality and truth, it is setting many free, and these are those who will pick up the pieces once the warring factions beat each other silly and dead.
Very Best Martin, much respect!

GB

REPLY: I know a lot of people do not like our forecast that post-2032 China will emerge as the Financial Capitol of the World replacing the United States. Some argue against me citing the protests and the form of government. Let me state as clearly as I possibly can. DO NOT assume that the current government in China will survive any more than the United States or Europe.

The last major political collapse was the birth of the United States, the French Revolution, and the surrender of the supreme power of the monarch in Britain and elsewhere. It was the fall of the monarchy and the world turned to a Republic.

I would like to see the world turn to reach democracy where We the People actually decide to go to war rather than these corrupt politicians who take bribes.

The fall of the United States is underway. The nation has become polarized and next will come separatist movements just as in the American Civil War which took place 86 years into the cycle (10 * 8.6) from 1775/6.

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All of this talk of a One World Government will end war is absurd. The former President of France stood before the EU Parliament and stated that was the same idea that led to the creation of the EU. One European government would prevent European war. Now they are trying to accomplish this using the United Nations.

Obviously, these people lack any understanding of history. Yes, Rome was one government and it lasted overall for 1,000 years. However, it had many civil wars and it even split into three empires during the 3rd Century.

Perhaps you will recall after the assassination of Julius Caesar in 44BC, Mark Antony and Octavian (Augustus) were together and waged civil war against Brutus and others. Then they too split and waged yet another civil war with Mark Antony and Cleopatra v Octavian and his general Agrippa.

Augustus became the first emperor in 27BC and then the Julio Claudian Dynasty lasted until the death of Nero in 68AD. Then another civil war unfolded. The empire then survived until the assassination of Commodus in 192AD launching yet another civil war that lasted 4.4 years until the rise of Septimius Severus. The death of his son Caracalla in 217AD sparked another battle for the throne for 2 years.

Obviously, one government doe NOT guarantees peace. The utopian nonsense these people are talking about is all a thirst for raw power and even the end of a Republican form of government where we the people will have no right to vote at all. Schwab and his WEF make it sound this is all for your benefit rather than those like Schwab who just want to control everything and everyone.

So when I say China will become the next Financial Capital of the World, make no assumptions. What we think is the solid world of politics as it is today will be no more on a global scale.

China’s Central Bank Discusses Inflationary Fears


Armstrong Economics Blog/Central Banks Re-Posted Nov 10, 2022 by Martin Armstrong

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It is not out of the question that China is holding onto its Zero COVID policy tactics to prevent the people from realizing banks are in the midst of a liquidity crisis. I reported earlier in the year that China had manipulated QR codes to prevent citizens from entering banks. Over $6 billion (39 billion yuan) was frozen from accounts in June, and thousands of people were unable to access their bank accounts. A few banks in Henan reported bank runs, and residents were planning a protest after finding that their funds were frozen. Some depositors attempting to access the bank were taken by force into quarantine camps. Others were not permitted via QR code to even gain access to public transportation, let alone enter the bank.

The Chinese government now states that Henan Xincaifu Group Investment Holding illegally colluded with bank employees to attract funding unlawfully. Of course, this cannot be the only culprit for the banks lacking liquidity. The situation in Henan is a small glimpse of how bad the situation could become.

The yuan is generally less attractive right now. Ongoing COVID lockdowns pushing businesses to flee. Geopolitical conflicts are causing investors to fear that China may no longer be a safe bet. China’s plans to loosen monetary policy directly conflicts with the Federal Reserve’s hawkish stance. The People’s Bank of China governor Yi Gang stated that although less impacted by inflation, China’s still feeling the global shockwaves. Delicate sectors such as real estate are extremely volatile right now

Printing more money is not an option. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, would like tougher regulations and cited inflation as the global economy’s main challenge. “The central banks of major developed economies have aggressively tightened monetary policy, which is likely to trigger a widespread economic recession in Europe and the United States,” Guo stated.

Yi took things a step further by suggesting that straying from the current policy could go so far as to trigger hyperinflation in China as it must remain competitive. “If the government is allowed to overdraft through the central bank and relies on printing bills to meet the needs of fiscal spending, it will eventually lead to hyperinflation, unsustainable finances and a debt crisis,” Yi said.

China is in a tough spot right now. Our computers still indicate that China will surpass the US to become the next financial capital of the world after 2032. Its journey to the top will be interesting to watch unfold.

Bolsonaro Hands Over Power to Lula             


Armstrong Economics Blog/South America Re-Posted Nov 7, 2022 by Martin Armstrong

Jair Bolsonaro did not immediately concede to Luiz Inacio Lula da Silva after the close election of 49.1%-50.9%. This is the closest presidential race in Brazil since 1985 and marks Bolsonaro’s first defeat in his political career. Bolsonaro supporters held mass protests across the nation to protest Lula’s victory and blocked hundreds of major roadways. Bolsonaro first sided with the protestors, saying they felt “indignation and a sense of injustice.”

As our computer warned, there would be intense politically motivated civil unrest worldwide this November.

The intense backlash from across the globe caused Bolsonaro to change course. “I know you are upset… Me too. But we have to keep our heads straight,” Bolsonaro said in a video posted online. “I will make an appeal to you: clear the highways.” Bolsonaro confirmed with Brazil’s Supreme Court that he will hand over power to Lula. “I have always played within the four lines of the constitution,” he said, without declaring defeat.

Luiz Inácio Lula da Silva is a member of the World Economic Forum. World leaders also affiliated with the “elite” group have congratulated him on his win. His policies will align with other WEF leaders and is a glimpse into what to expect from Brazil going forward. Bolsonaro’s words to the people will not eliminate the anger they feel nor will it prevent the people from continuing to protest.

Bolsonaro loses – Good Night Brazil


Armstrong Economics Blog/Politics Re-Posted Oct 30, 2022 by Martin Armstrong

COMMENT: Marty; Thank you so much for Socrates. Jair M. Bolsonaro lost to the left. I couldn’t believe it. Socrates had a turning point, higher volatility, and a Double Directional Change here in October and November. Looks like we will go the way of Argentina.

AH

REPLY: The currency should decline into 2023. The promises of the left will never be accomplished. Just for the record, Bolsonaro I can tell you that when he was at Schwab’s WEF, he told a friend of mine that they were all a bunch of idiots. Inflation will soar because also the currency will decline. Politicians are ignorant. They think they can do whatever they want and do not understand that we are all connected and thus they cannot reverse the international trend.

DOJ Charges Two Chinese Nationals with Obstruction of Justice in Huawei Telecommunications Case


Posted originally on the conservative tree house on October 24, 2022 | Sundance

President Trump and Commerce Secretary Wilbur Ross both raised serious concerns about the malign intents of Chinese nationals involved in the efforts of Huawei Telecommunications to infiltrate U.S. communication networks.

The Trump administration tried to block Huawei from involvement in the 5G telecommunications system in the United States claiming there were national security interests that could be compromised.

However, Washington DC politicians, and Canadian Prime Minister Justin Trudeau, both of whom were recipients of Chinese donations, defended the expansion efforts of Huawei and accused the Trump administration of “Asian hate.”

In the background, to reinforce a false political narrative surrounding the Asian hate theme, in 2021 the Biden administration removed the China initiative, an investigation of PRC influence in U.S. institutional systems, from the focus of the U.S. justice system.

Yet today, the Biden administration announced the arrest of two Chinese nationals, and the indictment of 11 more, for exactly what the Trump administration had feared:

(DOJ) In three separate cases in the U.S. Attorneys’ Offices for the Eastern District of New York and the District of New Jersey, the Justice Department has charged 13 individuals, including members of the People’s Republic of China (PRC) security and intelligence apparatus and their agents, for alleged efforts to unlawfully exert influence in the United States for the benefit of the government of the [People’s Republic of China] PRC. (more)

Court documents did not name the company; however, Reuters identifies the company as… wait for it…. Huawei:

(Reuters) – U.S. prosecutors said on Monday they have charged two Chinese nationals with trying to obstruct prosecution of a Chinese telecommunications company that a person familiar with the matter identified as Huawei Technologies Co Ltd (HWT.UL).

Prosecutors said the case is representative of a broader pattern of unlawful influence efforts by China and announced they had also charged 11 people in two other cases with spying for Beijing or intimidating Chinese dissidents.

In the case involving the alleged efforts to tamper with the Huawei investigation, prosecutors said two Chinese intelligence officials attempted to recruit a U.S. law enforcement agent to work as their spy. However, the recruit was actually working as a double agent for the United States.

Chinese nationals Guochun He and Zheng Wang were charged with trying to interfere in the prosecution, the prosecutors said. Court documents did not name the company, but the complaint referenced the same dates in which the U.S. unsealed its charges against Huawei, in 2019 and 2020. (more)

This about-face is rich coming from Deputy AG Lisa MonacoWATCH:

Xi Appointed for Life Thanks to Biden


Armstrong Economics Blog/China Re- Posted Oct 16, 2022 by Martin Armstrong

The United States under the Biden Administration appears to have done ABSOLUTELY everything they could to ensure that President Xi Jinping would be delivered a mandate to potentially rule for life as a major meeting wraps up in Beijing. With Biden claiming the US will defend Taiwan and Pelosi hopping on flights to Taiwan to assure the US will defend them, from a geopolitical analysis perspective, they were absolutely brain dead UNLESS they were deliberately telling China the USA wants war. The approval of this landmark announcement in a communique was established not since Mao Zedong and Deng Xiaoping had China authored a so-called historical resolution.

What the Biden administration has been doing is deliberately showing no respect for the dignity of China or Russia. But insulting both nations, their culture, and their people is only an invitation to war. China directly addressed that calling this “the great rejuvenation of the Chinese nation.” That was a direct response to the way they view the Biden administration which seems to be on a mission to screw the entire world. Never in international relations do you EVER insult the opposition, or call people like Putin a war criminal when a war criminal can never be applied to a leader based upon actions of those in battle.

Looking at this objectively, China was pushed into a corner by the constant rhetoric from the Biden Administration that China is an enemy – not a friendly nation. This not only imposes serious risks to Taiwan in the months ahead but also to Hong Kong. A closing in the Hong Kong share index below 13319 for 2022, will war of a major further crash probably into the 3rd quarter of 2023 if not into 2024.

North Korea Joins the Party


Armstrong Economics Blog/Uncategorized Re-Posted Oct 4, 2022 by Martin Armstrong

It is amazing to me that we seem to have complete idiots driving these events and they think that they can just intimidate whoever. All my sources state clearly that China and North Korea will join Russia against this climate change and authoritarian vision of a one-world government. Biden is incompetent and he just said he intends to run for a second term in 2024. Zelensky, who says whatever the Biden Administration writes on his teleprompter, that he will now only negotiate with Russia after they overthrow Putin. The theory that overthrowing dictators in the Middle East and the people will cheer us and celebrate with some ticker-tape parade has been the delusion of warmongers. They are once again doing the same thing in Russia, This time, the hardlines are not going to be as timid as Putin. My sources have NEVER been wrong!

North Korea has fired an unidentified ballistic missile over Japan demonstrating it could destroy Japan without repercussions. An escalation not seen in years prompted Tokyo to evacuate some residents as sirens blare for an airraid in the northern prefectures of Hokkaido and Aomori on Tuesday morning. Our models are showing January is a serious target in so many markets. This US attack on the Nord Stream is trying to completely undermine the economy of Russia to defeat it once and for all and the Zelensky change in demand for the overthrow of Russia is all counting on the US destroying its economy to force the people to do their work for them.

Many people have written in from around the world asking why none of this ever took place under Trump. The difference was that Trump was a businessman and he understood that only a vibrant economy will produce world peace as was the case under Rome. Onve all the provinces enjoyed free trade and the people prospered by being part of the Roman Empire which was a common marketplace, that produced the Pax Romana. The idiots we now have in power think that world peace is only accomplished by force of arms. This is a policy that is doomed and in the process, in every war, the civilian death toll is typically 10 times that of the soldiers on the battle field. Just one nuke hitting Philadelphia takes out New York City and Washington, DC.