Dec 1 2022

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!

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.

Video Player

00:00

07:08

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.

Dec 1 2022

Comments from the Netherlands

Armstrong Economics Blog/European Union Re-Posted Nov 30, 2022 by Martin Armstrong

COMMENT #1: The “Dutch Farming Crisis” crack-down in Netherlands says it all.
As a former UK citizen repatriated to The Netherlands, life in Holland has been ideal, plenty on the super market shelves with a strong export market of food to rest of Europe.
Food growing science at it’s finest. Economical, productive and effective for all.

The recent crack down on farmers to curb use of Nitrogen base fertilizer (Nitrogen being the most abundant gas on the planet!!!) has come as an unexpected and unjustified shock, to Netherlands and the good of all. Within the time frame of one year, we have gone from a land of plenty to a land of maybe. Not wasting one once of food, meanwhile stocking up on goods in case the supplies are no longer there tomorrow. It’s not how I envisioned bringing up my two boys, but reflects strongly on the tales my parents told me of their experiences surviving the second world war.

Klaus and his rotten army have done what they set out to do. To bear hardship on the population.
But my parents survived and lived to see a better world, I too strive to follow in their footsteps.
PS. incidentally, Ammonia is a by-product of burning water as a fuel.

COMMENT #2: Dear Mr. Armstrong,

Your article about the Dutch farmers is all true. But this story goes deeper. Is not about them stopping theirs farms because of these insane climate policies. All eyes are on the farmers while the big industries and airports aren’t even part of the discussion.
All this of course knowing that nitrogen is just another fake crisis.

What they really want is the land of the farmers. They claim they need it to build houses. There is an enormous shortage of affordable houses. Partly because these insane politicians claim houses can’t be build because of the nitrogen problems. All the while the same politicians are welcoming ten of thousands of refugees and immigrants. This while our own young people can’t even get or afford a house.

So in the end the farmers need to be removed of their company and property because our corrupt leaders are flooding our country with immigrants. Immigrants that are here because of the free money. They don’t share our values, they don’t want to work. They just want their free lunch.

It’s all part of their Great Reset.

Keep up the good work!
SL

REPLY: I have spoken with scientists in the field and this entire agenda is just so outrageous. I suppose this is our fault for electing people with ZERO experience to public office who just real the cue cards that are written for them. This only adds to the chaos our computer projected for 2023 which we first published back in 2019. I an stunned myself to witness how everything is unfolding as our computer forecast well in advance.

I have said before, I had the mandate from Hong King to negotiate with Australia to try to buy land for them to move before the hand-over back to China in 1998. I met with former Prime Minister Paul Keating. Nothing I proposed was acceptable. I finally asked – Is this racist? He said no! They are fleeing communism and would vote conservative. He was the Labour Government. Australia would not let Hong Kong move because it would have changed their politics.

All of this overwhelming hoard of refugees into Europe and what Biden is doing in the United States, is all about trying to shift the balance of power to the left assuming all of these people who have nothing will vote for them and shake ever last penny from those who have made our countries what they are today.

Between the Climate Change nonsense and this mass invasion of the have-nots, they are destroying our very way of life all to simply retain power.

Nov 30 2022

Dutch Farming Crisis

Armstrong Economics Blog/Climate Re-Posted Nov 30, 2022 by Martin Armstrong

This is one of those unbelievable stories of how Climate Change is being taken to such an extreme, we will unleash a serious wave of deaths from both starvation and coming freezing temperatures without fuel. The Dutch government actually is planning to buy out and close as many as 3,000 farms in the country, which set off a major protest with growers stood against their insane leaders’ attempt to now cut the country’s nitrogen emissions by 50% according to the EU deadline of 2030. This is all in the face of a total lack of ANY scientific evidence that any of this has ever changed the climate which has historically always changed.

Nobody will address how all the so-called scientists swore we were headed into an ice age during the 1970s. Then Al Gore singled handedly turned it around and said no – it’s global warming. Then to cope with bouts of cold weather, they called it Climate Change so if it was hot or cold they would NEVER be wrong.

These Dutch politicians have now said that they plan to allocate some $25 billion to buy out farmers stripping them of their farms and livelihood. They want to now purchase between 2,000 and 3,000 Dutch farms stripping them of their property rights and the very freedom that is the distinction between a free society and an authoritarian dream of relentless and endless power.

Where the Great Depression was made really “great” because there was also an environmental crisis known as the Dust Bowl, this time politicians want to create the same crisis all over again. Agriculture accounted for 40% of the Civil Workforce at the time in the USA. This is what drove unemployment to 25%. This time, we have politicians deliberately seeking to create a major food crisis all in the name of Climate Change.

It took the Dow Jones Industrials 26 years to ever retest the 1929 high. The Great Depression upended the civil workforce. It took World War II to create employment and to reduce the world population to enable everything to restart from square one. Ironically, it took the combustion engine to replace the labor in agriculture just to prevent massive starvation. Now that is what they want to destroy in addition to crops.

The Dutch plan to halve its nitrogen emissions by 2030 in accordance with European Union conservation rules, looks to be far more drastic. To meet that target, the government estimates that 11,200 farms will have to close, and 17,600 others will have to reduce their livestock numbers significantly.

What we must understand is that just back in the 1980s, the Netherlands was deeply concerned that they would be unable to feed its 17 million people. They were on a mission to produce twice as much food using half as many resources in a country that is just a bit bigger than the state of Maryland.

Netherlands’ policies to expand food production were accomplished and they became the world’s second-largest exporter of agricultural products by value behind the United States. Therefore, this sudden attack on farming is more than just a U-Turn. With the Netherlands as a major food producer is among the largest exporters of agricultural and food technology, this threatens food shortages spreading as a contagion.

The Netherlands produces 4 million cows, 13 million pigs, and 104 million chickens annually and is Europe’s biggest meat exporter. The EU is out to upend the economy of the Netherlands all for this fictional Climate Change theory. The Netherlands also provides vegetables to much of Western Europe. They have nearly 24,000 acres — almost twice the size of Manhattan — of crops grown in greenhouses that require less fertilizer and water. Dutch farms use only a half-gallon of water to grow about a pound of tomatoes, while the global average is more than 28 gallons.

What is taking place in the Netherlands is a very dark omen for humanity. The most efficient nation on earth for producing food is to be destroyed all for CO2. These people will not be satisfied until the death rate rises and civil unrest explodes as people turn hungry. As they say – even an honest man will become a thief when starving.

Nov 30 2022

Biden Pushes Iran into the Arms of Russia

Armstrong Economics Blog/War Re-Posted Nov 30, 2022 by Martin Armstrong

For the life of me, whoever is writing the cue cards for Biden is clearly either deliberately trying to create World War III or is the most stupid person in the history of geopolitical analysis. Nobody, even in the CIA who analyzes global politics, would possibly be this stupid. Imposing the Russian sanctions has been a warning to the world that if you cross the Biden Administration, you can be removed from the SWIFT System and the global economy. Every nation that has been frustrated with US policy over the decades is now firmly crossing the line.

Sanctions NEVER work! Even in the case of Iran, Turkey was secretly laundering money for Iran, selling gold into the market to allow them to circumvent sanctions. What Biden has done with sanctions on Russia has only warned China to move quickly with their CIPS system to compete with SWIFT. So when Russian forces entered Syria on the ECM turning point 2015.75 to the day, it was an ominous event. Russia was not only backing the Assad regime, but it was also backing the Iranian pipeline. You had to be completely blind not to think Iran would join Russia against Ukraine.

Over the past several days, Iran has formerly informed international inspectors that it will now produce “near” bomb-grade nuclear fuel. They have also done what the US has done and built a facility deep inside a mountain that some sources say would withstand even a nuclear attack. Iran is now clearly expanding its nuclear fuel production at a plant that, over the years, both Israel and the United States have repeatedly sabotaged.

Iranian is now, as I have warned, siding with Russia before they began providing Russia with drones for its war in Ukraine. For the life of me, I cannot understand how anyone thought they could wage war against Russia and nobody else would join the party. Iran has the capability also to begin providing missiles for Russia in Ukraine. Of course, Biden accused Iran of once again violating Iraqi territory to conduct direct attacks against the Kurds.

What is unfolding is that the Biden Administration has created a formidable force along the lines of World War III — China, Russia, North Korea, and Iran, with the potential to bring in Turkey, will be the opponents of the USA, Japan, South Korea, and the EU along with the UK.

A new era of direct confrontation between the Biden Administration and Iran has erupted like a volcano suddenly and without warning because the Biden Administration has been either blind or just stupid. Once Biden imposed the sanctions on Russia and insisted that there would be no negotiations for peace between Ukraine and Russia, using the Ukrainian people as pawns, this emerging alliance was perhaps hidden for a while by headlines covering Ukraine. We are also witnessing rising US competition with China alongside the fact that negotiations with Tehran have simply stalled for 18 months, running out the clock, while Iran improved its nuclear capability.

Sources confirm that at the White House, national security meetings never consider peace in Ukraine, and with respect to Iran, there to they have only focused on creating a strategy to undermine Iran’s nuclear plans, as has been the case for decades. John Kirby, a spokesman for the National Security Council at the White House, boldly simply told the Voice of America:

“We are at an impasse right now, and we’re not focused on that.”

This entire Ukrainian War is really a Climate Change War to destroy the Russian economy, which is the largest fossil fuel producer in the world and accounts for 50% of its GDP. Bombing the Nord Stream Pipeline was not to win this war in Ukraine; it was to terminate the energy sales to Europe and force Germany and the EU into Green.

Nov 28 2022

Sunday Talks, Kristi Noem Implies New Leadership Needed for RNC Chair

Posted originally on the conservative tree house on November 27, 2022 | Sundance

November 27, 2022 | Sundance | 180 Comments

In the 2024 GOPe roadmap for 2024, analytically and strategically South Dakota Governor Kristi Noem would be anticipated as the second-to-last entrant, followed by a carefully introduced Governor Ron DeSantis.

The most likely establishment framework would be for the prior entrants, Nikki Haley, Liz Cheney, Tim Scott and the two Mikes’ Pence/Pompeo to do the maximum negative attack damage against President Trump prior to the dynamic duo arrival. Flow through the ’24 primaries and Trump, DeSantis and Noem would be the last three standing before the wunderkinds’ team up after Nevada for the final assault. Standing where we are today, something like that seems most likely. It tracks.

With that in mind and reminding ourselves that Noem has already pre-seeded with the customary and proverbial book launch, it is worthwhile paying close attention to how Team Koch and Kristi Noem organize their staging. In this interview, which reflects her very good and pragmatic position as a sponge for base voters, Mrs. Noem outlines her current views on the state of all things political, and, similar to Team DeSantis, stays high-road and reserves her jabs for Biden.

However, perhaps the most interesting aspect to the pragmatic position is Noem’s willingness to politely distance herself from the RNC mainstream by saying it’s time for new leadership at the chair. At 06:35 of the interview segment below, Noem does a good job of strategically and diplomatically calling for Ronna McDaniel to be replaced. WATCH:

https://youtube.com/watch?v=jF8AfMBalqs%3Fstart%3D62%26feature%3Doembed

Sharp, very sharp. Governor Noem is formidable, dare I say strategic, and Wall Street stealthy in her pragmatism. She knows where the third rail of anti-MAGA is located and has a solid skillset around how to avoid it. When she enters, she will scoop up Haley’s fractured team – hence a later entry should be predicted.

Nov 27 2022

Germany’s Decline & Fall

Armstrong Economics Blog/Germany Re-Posted Nov 27, 2022 by Martin Armstrong

The Greens & the Socialists have taken control of Germany and in the process, the strongest economy of the EU has taken a decisive directional change here in 2022 that will not merely set in motion the decline and fall of Germany, but that of the European Union as well. Once again, the Berlin Senate will discuss the issue of Bürgergeld (citizen’s allowance), which is to replace the current social benefit program Hartz IV.

The new Government has proposed reforming the support for the long-term unemployed – currently known as “unemployment benefit II” (Arbeitslosengeld II) or Hartz IV. The proposed new system scheduled to roll out in early 2023, will be called Bürgergeld, or “citizen’s allowance.” This will increase in the basic monthly benefit from €449 to €502. Additionally, the Bürgergeld will reduce sanctions for those who are avoiding employment and training meetings, which appears to have emerged since the COVID lockdowns around the world. Many appear to have enjoyed free money to stay home under COVID restrictions and have been reluctant to return to any employment. After the first six months, the benefit can be reduced by up to 30% if they refuse to take courses or work.

Clearly, COVID has altered the labor market worldwide. In Germany, the employment profile differs from that of the early 2000s, when there was mass unemployment from the 2007-2009 Economic Crisis. That is when Germany drafted Hartz IV. Germany is facing labor shortages much as we see around the world leaving many unfilled jobs. In Germany, the estimates are about 1.8 million in the third quarter of 2022 of still unfilled jobs.

Strangely, the current situation regarding the arrival of refugees in Berlin is also a serious topic. The accommodation of the refugees is becoming an increasingly difficult crisis in itself. This has only added to energy security in Berlin. Tensions are quietly rising between the Germany population v the refugees. Unlike the mass migration of Europeans that set sail to America, there were no social programs so the migration was for a better life and America was viewed as the “land of opportunity” whereas the migration into Europe and that being allowed by Biden in the United States, have been motivated be free benefits – not opportunities to work.

Our model has targeted that the German elections and the rise of the the Greens and Socialists are not concerned about the industrial production of Germany, which has been the backbone of the entire EU economy. The are far more concerned about ending the Industrial Revolution for climate change and that is fundamentally undermining the very foundation of the entire Germany economic model from post- World War II that created Germany. We must understand that Germany’s economic policy was that of the old Mercantile system meaning that they focused on producing products to sell to other countries.

The World According to Schwab? | Armstrong Economics

Kohl denied the German people the right to vote on even joining the Euro. He insisted that there would be no consolidation of debt for that would be seen as a bailout for the irresponsible Greek, Italian, and Spanish governments. The entire German foundation was built on hard work and conservatism. But they never sought to build a domestic consumer base. They wanted to sell to the rest of Europe, which was the entire purpose behind the Euro to eliminate foreign exchange risk that would expand German production for export.

The move to end Climate Change is fundamentally driving a stake through the very heart of the German economy. The mercantile economic model will continue to collapse under Climate Change. The Greens and Socialists are moving forward blindly without even understanding the very core rise of the Germany economy and in the end, this will further reduce the economic footprint of the EU in the post-2024 era.

Nov 27 2022

The Media’s Deranged Hysteria Over Elon Musk’s Restoration of Free Speech

Glenn Greenwald Published originally on Rumble on November 26, 2022

We are working hard to prepare our new live, nightly prime-time program — SYSTEM UPDATE — which will debut shortly on Rumble. Once launched, it will air every night for one hour, Monday through Friday, at 7 pm ET and will be freely available to everyone. Once the show is concluded, we will move to Locals for an interactive after-show — for our Locals subscribers only — where we will take questions, address ideas, and hear audience feedback.

For now we are perfecting the show in anticipation of our launch by streaming our live test-run shows on Locals. Last night (Friday night), we focused our monologue on the media’s truly panic-driven and demented meltdown over the possibility that there will be one social media platform on the internet — Twitter — that they cannot censor and control. The monologue examines the underlying motives and drives that cause corporate media employees to panic in the face of free speech, as well as the insidious and potent plan that is being constructed — right out in the open — to destroy any social media platform that refuses to submit to censor orders, the way they did to Parler.

We believe there is no more urgent issue than the full-scale, multi-pronged attack on free speech on the internet. The censorship regime they are constructing will enable them to propagandize the population without challenge and fully control the flow of information. That is why we are devoting our work and producing our show exclusively on Rumble, a company that we truly believe is committed to preserving free speech and defying censorship pressures not only as a brand but as a cause. Stay tuned for the premiere of our new live SYSTEM UPDATE program here on Rumble. We hope you enjoy this glimpse of the show we are in the final stages of perfecting.

Nov 27 2022

Not Just Recession—Massive Economic Shift!

Lee Camp Published originally on Rumble on November 26, 2022

This is not just a Recession — it is a Massive Economic Shift!

Nov 27 2022

The Consumer Economy Has Completely Collapsed – “It’s a Ghost Town” for Holiday Shopping Everywhere

Posted originally on the conservative tree house on November 26, 2022 | Sundance

“Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.”

That’s the typical ground report from areas all over the country. No one, literally almost no one, is doing any holiday shopping and the traditional Black Friday rush to get deals and discounts just didn’t happen. Financial media are scratching their puzzlers, perplexed with furrowed brows.

Interestingly, almost every financial media outlet is using the same Retail Federation talking point about anticipating an 8% increase in holiday sales this year. Apparently, pretenses must be maintained. Meanwhile, news crews and camera crews are having a desperate time finding any holiday shopping to use as background footage for the claims that sales are strong.

“Look, over there. There’s a person buying something. Oh, wait, no, that’s just an employee dusting the empty cash register.” At a certain point, one would have to believe reality would run head-first into the mass delusional pretending. Maybe this holiday season will be it, maybe not.

Reuters – […] About 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail Federation, almost 8 million more than last year. But with sporadic rain in some parts of the country, stores were less busy than usual on Black Friday.

“Usually at this time of the year you struggle to find parking. This year, I haven’t had an issue getting a parking spot,” said Marshal Cohen, chief industry adviser of the NPD Group Inc.

“It’s a lot of social shopping, everybody is only looking to get what they need. There is no sense of urgency,” Cohen added, based on his store checks in New York, New Jersey, Maryland and Virginia.

At the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A Toys ‘R’ Us employee was handing out flyers with a list of the Black Friday “door buster” promotions. (read more)

It’s almost Kafkaesque to see how the media are continuing to maintain economic pretenses, yet the reality of a completely collapsed consumer economy is physically staring them in the face.

(Bloomberg) – Activity Light at One San Francisco Mall (4:40 p.m.) – At the Stonestown mall in San Francisco, shoppers were few and far between. The Target and Zara stores were mostly empty, and there was no line for the mall’s Santa Claus. Uniqlo and Apple were the busiest locations, but they still weren’t crowded.

[…] Crowds were thin in the late morning at the Stamford Town Center mall. Kay Jeweler, empty. Safavieh, empty. Only a couple of people waited at the checkout line at Forever 21 and just a few were in line for a purchase at Barnes & Noble.

[…] At a Target store on Chicago’s North Side, the parking lot was barely half full at about 9 a.m. local time. Shoppers were greeted with $3 ornaments and discounted Christmas trees when entering, and the store seemed calm and relatively quiet.

[…] The Macy’s in Stamford, Connecticut, was neat and orderly — maybe a little too neat and orderly on a day associated with shopping chaos. The furniture section was nearly deserted, though there were more shoppers looking at shoes. (read more)

https://twitter.com/SteveInmanUIC/status/1596330507390046208?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1596330507390046208%7Ctwgr%5E3150086ec185c2a90a29db3669e6963729a48943%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftheconservativetreehouse.com%2Fblog%2F2022%2F11%2F26%2Fthe-consumer-economy-has-completely-collapsed-its-a-ghost-town-for-holiday-shopping-everywhere%2F

https://youtube.com/watch?v=gmbHqRAU7Pc%3Ffeature%3Doembed