Category Destruction of all Fossil Fuels

Nov 8 2022

2022 WEC: In the Dollar We Trust


Armstrong Economics Blog/World Economic Conference Re-Posted Nov 8, 2022 by Martin Armstrong

At the World Economic Conference in 2021, the Armstrong Socrates model predicted that 2022 was going to be volatile and chaotic featuring a strong US dollar, a huge move in interest rates, a major bond market decline, fertilizer and food shortages, as well as escalating geopolitical tensions in Ukraine.

What now? Socrates forecast that 2023 will be more volatile and chaotic, featuring violent moves across all markets as monetary and geopolitical tensions and debt problems intensify.

At this year’s World Economic Conference, November 11-13, Martin Armstrong will talk about what’s next for the US dollar and other currencies, the liquidity/credit crisis, as well as price targets for oil, gold, stocks, bonds/interest rates, and stocks.

Give yourself an “unfair” advantage over the markets by joining us at this year’s conference remotely or in person. Meet Martin Armstrong – have your questions answered and get the best roadmap for 2023 and beyond in the investment business.

Nov 8 2022

Biden’s IRS Army in Jeopardy


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Nov 8, 2022 by Martin Armstrong

Biden’s IRS army of 87,000 new armed recruits is coming under fire by the Republican party. Sen. Chuck Grassley (R-Iowa) and Sen. Jon Thune (R-SD) are working on a bill that would require Congress to approve IRS spending. Both men also sit on the House-Senate Joint Committee on Taxation. Biden would like to spend $80 billion on his IRS army over the next decade to shake down American taxpayers.

“Our bill will ensure that the IRS is answerable to the American people in how it uses this money and will force it to forfeit funds every day it’s not in compliance,” Grassley said. “If our bill becomes law, the Biden administration’s IRS would have to answer to the American people, not Washington bureaucrats,” Thune added. The American people fund the IRS, and it is only right that they vote on how their money is spent. In fact, they should vote on whether there is a need for the IRS at all.

If the bill passes, the IRS must explain how they use their money every year. Funding to the IRS would be withheld if they failed to comply. If Congress turns red this November, this measure is likely to pass. This would be a great first step in a long overdue overhaul of the entire US tax system, which is designed to be as complex as possible so that the government can squeeze funds out of every citizen.

Nov 8 2022

Elon Musk Recommends Voters Choose a Republican Congress Tomorrow


Posted originally on the conservative tree house on November 7, 2022 | sundance

At 10:22am today, billionaire businessman and new Owner/CEO of Twitter, Elon Musk, has recommended that voters choose republican candidates for congress this midterm election cycle.  [Source]

Democrats and left-wing political activist groups are going bananas.

Nov 7 2022

Cooperate or perish – U.N. chief tells COP27


Reuters Published originally on Rumble on November 7, 2022

United Nations Secretary General Antonio Guterres told leaders gathered at the start of the COP27 summit in Egypt on Monday (November 7) they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe.

Nov 7 2022

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.

Nov 6 2022

Interview: There May Not Be a 2024 Election


Armstrong Economics Blog/Armstrong in the Media Re-Posted Nov 6, 2022 by Martin Armstrong

Watch the video above or click here to see my latest interview with Greg Hunter of USAWatchdog.

I will be discussing all of this and more at the World Economic Conference this weekend (virtual tickets are still available).

Commentary from Greg Hunter:

Legendary financial and geopolitical cycle analyst Martin Armstrong says, “The cheating in the midterm election next week is going to be so great that it is almost impossible to make a prediction. . . . In a fair midterm election, the Republicans would win the House and the Senate.”

So,m what does his Socrates program see for next week?  Armstrong, says, “It’s going to be tight, and the Republicans have a shot at taking the House.  Technically, they should take the House and the Senate.  I am just not sure.  The corruption is so bad, it’s crazy.  Pennsylvania sent out hundreds of thousands of ballots to people who are not documented or even American.  I’ve gotten emails from people in Canada, they are getting mail-in ballots.  They mailed them to Canada. . . .Where this ends up, who knows?  It’s just so corrupt, it is over the top.  It doesn’t matter who wins.  Nobody is going to accept this thing, and that is the problem.”

The cheating is going to be so in your face President Trump may not even be able to run for President two years from now.  Armstrong contends, “We may not even have an election in 2024.  It is not looking very good, and it’s probably because this election is not going to be accepted.  When it is so over-the-top corrupt, what do you do for the next one?  The United States will not exist after 2032.  After 2028 and 2029, we are going to have to redesign a government from scratch.  America is being destroyed.  Republics always end in absolute corruption.  We just saw the same thing happen in Brazil.  They staged a major effort to take Bolsonaro out. . . . This is a worldwide effort.  They had to get rid of Trump.  The other one who stood in their way is Bolsonaro.  Then there is Putin (Russia) and Xi Jinping (China).  I think you are going to have historians look back at this 50 years from now, and they will call this period ‘The Climate Change Wars’. . . .They are trying to take down as much oil energy capacity as possible.”

Armstrong is still seeing very strong signals on domestic violence everywhere.  Armstrong explains, “Our computer is showing it’s going to be a rocket launch for volatility and civil unrest next year.”

Armstrong also contends there will be a major loss of confidence in government around the world.  That means gold will start having big demand from big money.  Armstrong also predicts, “The whole monetary system as we know it is collapsing.  That was what the bond crisis in the UK was about.”

There is much more in the 1-hour and 7-minute interview for 11.5.22.