Sunday Talks – Jim Jordan on Trump Indictment, “The Scariest Thing of All, this Is a Much Bigger Issue.”


Posted originally on the CTH on April 2, 2023 | Sundance

Jim Jordan appeared on Sunday Morning Futures with Maria Bartiromo to discuss his perspective on the indictment of President Donald Trump by a politically motivated Manhattan District Attorney, and the potential for the House Judiciary Committee to question DA Alvin Bragg.  WATCH:

The only way these radical leftists are going to slow down is if Republican State AG’s and local DA’s start prosecuting Democrats for similar issues.  Match them one-for-one on every attempted case.  Bring the system to its knees and show the political opposition that there’s no benefit to this political targeting.

Now is not the time for words, letters and half-measures.  We are on a war footing now.  The GOP state and local officials need to act like it!

FIAT – What is it Really!


Armstrong Economics Blog/Foreign Exchange Re-Posted Apr 2, 2023 by Martin Armstrong

QUESTION: Governments create their own sovereign fiat currency, to facilitate trade, among other reasons. So counterfeit is punishable, in some countries, by death, & at minimum, incarceration. Currency is supposed to be sacrosanct, created under the most exacting conditions. So what to do when your own gov’t engages in what is essentially officially endorsed counterfeit? I mean, the “money” has become almost meaningless, unless you’re on the receiving end. For non-insiders like me…buy PM.

HS

ANSWER: I have trouble with this misinformation always about the only money is gold and paper dollars are worthless fiats, which have rebuilt the world many times over since 1861 and the introduction of the paper dollar.

The propaganda of the goldbugs which has led so many to lose so much has been this nonsense that gold is the hedge against inflation. When the gold coin was money during the 19th century, it rose and fell in purchasing power no different than any paper currency. These people sell fiction like a used car salesman just to sell their product.  It honestly does not matter what money is. It always is just a derivative of barter. I give you this for that. You will accept paper money because you know that others will accept it from you. A woman tried to spend a $20 gold coin at Walmart and they refused to accept it because they did not know what it was. She then took them to the back and exchanged them for $20 bills.

Try going to Starbucks and spending a $20 gold coin and asking for change. Unless the salesperson knows what it is, they will refuse.MONEY has always been nothing more than a belief system. That’s all!

FIAT simply means by arbitrary decree. Just because a currency is gold or even silver, does NOT make its value intrinsic. Governments have debased their coinage and reduced the weight declaring its value shall be whatever they say. I have written about how Japan did that and eventually, the people refused to accept Japanese coins and they stopped minting them for 600 years.

The Romans reduced the weight of their silver coinage from 6.5 grams to 4 grams and only because they defeated the Greeks, the Roman monetary system became standard.

During the American Revolution, people accepted the Continental Currency. Money has always simply been predicated upon what people will accept.

Gold has no value whatsoever unless the other person also believes it has value. Gold or silver has no value intrinsically any more than a paper dollar or a bag of rice unless there is an unspoken agreement among people that it is a valuable medium of exchange.

This is the truth. All else is propaganda. Money has been many things throughout thousands of years from seashells to cattle and even slave girls.

StPatrick-tokens

Saint Patrick in the 5th Century AD upon his arrival in Ireland, found that MONEY was expressed in human slave girls. He wrote in his Confession, “I think that I have given away to them no less than the price of fifteen humans.” This passage shows something very important. First, MONEY is not defined as the Medium of Exchange exclusively. It also serves the purpose of a Unit of Account. This becomes the true function of MONEY even more so than what it is. MONEY is a language of value.

FIAT is when the government dictates what something is and that will be Digital Central Bank Currency. But if everyone accepts it, then it becomes the medium of exchange.

REMINDER: The Foundation of DeSantis 2024 Is Built on a Ridiculous Lie


Posted originally on the CTH on April 1, 2023 | Sundance 

I had completely forgotten about this, until someone reminded me today. It is worth revisiting.

If you have followed the management and branding efforts of the team around Florida Governor Ron DeSantis, the protestations today by campaign official and registered foreign agent Christina Pushaw are quite bizarre.

The Daily Beast wrote an article [SEE HERE] about how Ms. Pushaw organized an astroturf campaign of support for Florida Governor Ron DeSantis, which included the recruitment of several conservative influencers.  The substance of the article is generally well known.

In late 2021, early 2022, Ms. Pushaw invited a group of “influencers” to spend time with Governor DeSantis.  It’s not a debatable event. Factually, the collective group took gleeful pictures of their first visit on January 6, 2022, and continued to post frequent pictures on their social media of events throughout last year.  The group went to the reelection celebration and inauguration of DeSantis earlier this month.

However, for some odd reason, likely more concerned about people realizing the ‘organized‘ nature of the creation, in a bizarre turn of events, Ms. Christina Pushaw is now denying she ever organized the assembly and stating that without any documentary evidence, saying she organized the group is just a conspiracy theory. [Tweet Link]

If Ms. Pushaw is to be believed, the random group of Florida conservative “influencers” just happened to show up at the Governor’s office on January 6, 2022, without any invitation, organization or coordination on her part.

Even lacking the invitation details, hanging your defense on the absence of a paper trail under these circumstances seems like a very odd position to take.

Why does the DeSantis team fear sunlight on the origin of how this outreach and subsequent meetings took place?  Very odd.

I sincerely doubt this group just randomly showed up at Ron DeSantis’ office, on January 6, 2022, without an invitation or organizing.

The same group then continued meeting throughout the year….

.

Nothing about their recruitment, continued meet-ups and aggressive promotion of Ron DeSantis for the GOP nomination in 2024, would be that interesting or even noteworthy if Ms. Christina Pushaw didn’t paint them all into a box by denying she ever organized their first assembly.

And there’s the rub…  Why is Christina Pushaw denying that she first organized them on behalf of the political aspirations of her boss, Ron DeSantis?

The only logical reason to make such an outlandish and transparently false claim, is if that original assembly was intended as seed material to use the “influencers” for another purpose, like a 2024 presidential bid.  Yet, Ron DeSantis hasn’t announced a 2024 presidential bid…. so that issue is a nonstarter, unless that announcement is eventually going to come forth.

If Ron DeSantis is going to announce his candidacy for the GOP nomination, then suddenly all these background moves look like proactive steps on behalf of the management team.  The January 6, 2022 meeting would then infer the presidential aspirations as far back as December 2021.

In combination with the $200+ million in Wall Street money assembled by DeSantis, perhaps that 2024 plan is the risk necessitating the absurd denial.

[Daily Beast Article Here]

.

They all just randomly showed up to hang out with DeSantis.  Yep, that’s the story and Pushaw is sticking to it.

For those interested, central planning and organization is the difference between “organic support” and “astroturf.”

Slava Ukraine!

Trump & Likely Gag Order to Create Imprisonment


Armstrong Economics Blog/Rule of Law Re-Posted Mar 31, 2023 by Martin Armstrong

Trump will now find himself silenced and whatever Free Speech he once had, will now be stripped away from him like the rest of his constitutional and human rights. We are about to witness just how corrupt our legal system truly is. This is George Soros’s puppet. Alan Bragg will now show the entire world that in the United States, there is no such thing as constitutional or even Human Rights.

Bragg will most likely seek a Gag Order in addition to a denial of bail, which no matter how ruthless the judge, will probably realize he cannot deny bail to a former President. Still, they will most likely put a Gag Order on Trump, and that way they can throw him in jail even indefinitely as they did to me using Civil Contempt of Court which is not a crime. If they charge him with Criminal Contempt, then he gets a trial by jury. Under Civil Contempt, you have ZERO rights and no right to a trial.

Because I did an interview in the Japanese press and told all my clients to file suit against the bank, they then put a gag order on me FOR LIFE to prevent me from providing my own clients with evidence against the bank. Normally, you are supposed to get more time if you do not assist the victims. Law means ABSOLUTELY nothing in court. They do as they like and the Constitution means absolutely nothing.

This is who I believe is a disgusting individual. I have been told he ran for office saying he would indict Trump. Screw NYC. Crime is off the hook. It is no longer a safe city to even go to visit. At the last coin show there, they robbed a dealer and stole his entire inventory when packing up to leave. That’s OK – but for Trump to pay money to a porn star warrants endless taxpayer money to be spent for this guy’s career.

BEWARE Mr, Trump. They kept me in prison on Civil Contempt from 2000 to 2007. I was released ONLY because I got to the Supreme Court and they ordered the government to explain how I could be held for 7 years without anything on statute 28 USC 1826 which had a maximum of 18 months. To avoid having to answer, they suddenly released me.

So forget the payment to a Porn Star

They can now gag trump, restrict his movements, and harass him to PREVENT him from running in 2024. They will listen to every word he says and are just going to wait to be able to throw him in prison on Civil Contempt indefinitely with ZERO Constitutional Rights. Welcome to the REAL America. They call it a “protective order” to protect the Government and Bragg as you are stripped of ALL your First Amendment rights.

Earn Six Figures Without Working


Armstrong Economics Blog/Politics Re-Posted Mar 31, 2023 by Martin Armstrong

The US government has been on a spending spree over the past few years and there is absolutely no way they can ever pay the bill. Federal spending hit $4.45 trillion in 2019 in the wake of the pandemic, according to the Congressional Budget Office (CBO). That figure hit $6.21 trillion as of the latest report, marking a 40% uptick in four years. What has changed?  

 This goes far beyond the Ukraine fiasco. While defense spending rose 18% over the past four years, nondefense spending shot up 43% to $941 billion. Spending on Social Security and retirement increased 33% from 2019 to 2023 as the Baby Boomer generation began to exit the workforce. Retirement has become a luxury with the current cost of living and many are opting to continue working rather than retire. Yet, the mentality of hard work paying off is dwindling. The effects of the pandemic can still be felt as the workforce dynamic has changed. The supplemental unemployment income distributed freely during the pandemic has had disastrous consequences. 

Spending on food stamps has increased by 102% from $63 billion in 2019 to $127 billion in 2023. Welfare support rose 50% as well from $32 billion to $48 billion. Unemployment costs have increased 32% over the past four years, despite the record-low unemployment rate. The US spent $53 billion on educational pandemic aid and $71 billion to help failing PBGC plans. The CBO now foresees a federal budget deficit of $1.4 trillion in 2023, and this number is expected to rise. 

Biden’s Build Back Better Act pushed for the largest welfare spending in US history. It pays NOT to work in Biden’s America. According to the Heritage Foundation

"Total government spending on the average poor family will rise from $65,200 per year to more than $76,400. When limited private earnings are added to this massive government spending, combined total resources will reach nearly $94,600 per year for the average poor family."

Biden repealed some of the reforms issued by the Clintons to boost reliance on government aid. People who choose not to work are eligible for unconditional cash grants funded by working taxpaying citizens. “Taxpayers would be required to pay larger sums to support welfare recipients, but recipients would have no reciprocal obligations,” the Heritage Foundation continued. Those who decide to marry receive less funding. Mothers who have children by multiple fathers receive more funding. Traditional values are punished. Why rely on family when you have the government? 

Some states pay six figures to “low-income” families through benefits and subsidiaries. A family earning nearly a quarter million per year could still qualify for ObamaCare subsidies, and in some states, families earning $300,000 annually still qualify. Unemployment benefits plus ObamaCare subsidies for a family of four are equivalent to the national median income in 24 states. Some states offer more than others. In New Jersey, a family of four can receive benefits up to $108,000 even if no one is working.  

Welfare was supposed to be a tool to help people during times of need. It should incentivize people to get back to work. Biden is giving your money to foreign countries. He is giving your money to US citizens who chose not to work. This is clearly socialism at play, as it does not pay to work in Biden’s crumbling America. 

President Trump Attorney Alina Habba Speaks to Tucker Carlson About Political Indictment


Posted originally on the CTH on March 30, 2023 | Sundance

Tucker Carlson frames the context of the accusations against President Donald Trump and then interviews one of President Trump’s civil attorneys Alina Habba. {Direct Rumble Link}

While Ms. Habba is not a criminal attorney for President Trump she notes the legal ramifications to the justice system from a radical leftist District Attorney running amuck. WATCH:

Tik Tok v WEF


Armstrong Economics Blog/WEF Re-Posted Mar 27, 2023 by Martin Armstrong

A lot of people have bought into the idea that Tik Tok should be banned because a Chinese guy started it. The argument seems to center on the idea that China can be tapping into everyone’s phone and somehow influence them against the government I suppose. While I find this a very ironic position when in fact the US does that and every APP the government has a backdoor. They are even arresting people based on APPs that tell them where people are right now.

But all that aside. There is an organization that is foreign and not American that is DELIBERATELY dividing the country and seeking to indoctrinate the next generation with their FOREIGN philosophy. It is Klaus Schwab and his World Economic Forum. This is FAR MORE dangerous than Tik Tok and it is INTENTIONALLY doing what the conspiracy theories about Tik Tok are claiming.

How About Banning All American Universities from being Subordinated to the World Economic Forum

The Fed Does Not Back Down


Armstrong Economics Blog/Interest Rates Re-Posted Mar 22, 2023 by Martin Armstrong

COMMENT: Marty, it’s refreshing to have Socrates that is totally unbiased. It projected continued rising rates into next year and the Fed just proved its point. It is not backing down.

Thank you. Socrates is very enlightening.

GS

ANSWER: I know there were a lot of talks that surely the Fed had to lower rates and start QE all over again. Most of those sorts of comments have no real experience in markets. They just mouth a lot of hot air. Perhaps instead of putting masks on cows, we should do that on the shills. The Federal Reserve had no choice but to raise interest rates although it was just by a quarter point. Not to do so and the Fed would lose all credibility and the market would then not take them seriously.

You MUST understand that this crisis has unfolded because too many banks were wrapped up in WOKE culture and hired people who were UNQUALIFIED to run risk management. Some were more excited about cross-dressing as a woman and winning the Rainbow award in banking than actually protecting the bank from the risk of rising interest rates.

In a statement released at the conclusion of the meeting, Fed officials acknowledged that recent financial market turmoil is weighing on inflation and the economy, though they expressed confidence in the overall system. “The US banking system is sound and resilient.” They had no choice but to make this statement.

“Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring and inflation. The extent of these effects is uncertain.”

The Fed is saying that their rise in rates will in fact reduce inflation and economic activity. The banks have this yield curve risk and that is different from the 2007-2009 crisis where the debt was based on fraud. Here, the debt is US Treasuries so they are not going bankrupt from that aspect, but it is a liquidity crisis.

If these people who scream loudly but know nothing really about finance keep up the nonsense, they will only add to the uncertainly. This inflation is accelerating thanks to the war.