While anyone who dares to compare Trudeau to Hitler is criticized because they ONLY equate Hitler with the Holocaust. Nothing can be further than the truth. Hitler also made it illegal to have a bank account outside of Germany, which many people did because of the Hyperinflation 20 years before he came to power. But what is always overshadowed by the Holocaust is the fact that Hitler’s financial dictatorship is why Switzerland created the secret numbered accounts to protect Germans fleeing from Hitler. Canada’s Deputy Prime Minister admitted, under the Emergencies Act, banks can immediately freeze or suspend bank accounts without a court order and be protected from civil liability. This has undermined Canada in the eyes of international capital.
All the Canadian banks went offline together, That was no coincidence. Trudeau has invoked his Emergence Act and is in fact taking the very same tactic that Hitler did which targeted the Jews, but Trudeau is targeting anyone who disagrees with his policies.
Trudeau has his back up against a wall. He was to deliver the example for the United States to assist Schwab’s Great Reset. Trudeau is a graduate of Schwab’s Young Global Leaders and he has taken an abusive approach to run Canada on directions from his supreme leader, we might as well call him. Schwab has bragged how he has penetrated Canada and has most of his people in Trudeau’s cabinet. Why should people trust Canada? You are not entitled to any trial. Trudeau can simply now say freeze that account and there is no due process of law whatsoever. This undermines every possible foundation of trust and this is what sent capital fleeing from Germany and the birth of the secrecy laws of Switzerland. We need not compare Trudeau to Hitler for things like the Holocaust, but the very financial actions of Hitler are being directed, and that most likely comes from the World Economic Forum. Trudeau is a complete fool and he has betrayed every principle of a free society all to push this authoritarian system by the World Economic Forum.
There is absolutely NO WAY that the Canadian Banks all went down simultaneously. Trudeau can now order the banks to do as he commands and this is what is very similar to Hitler. They cannot disobey. What does that do to the confidence in Canada as a nation? This undermines the confidence in Canada as even a safe haven in the face of a European war. No bank has dared to try to explain the source of the outrage. If this was non-related to Trudeau, then all Canadian sites would have gone down – not just the banks.
“Today we speak with the well-known forecaster and strategist Martin Armstrong to get an update on his macro outlook. We discuss his prediction from last year of seeing a 2022 panic cycle mainly in the political sphere, which is unfolding as we speak, as well as to get his thoughts on the Russia-Ukraine situation, what he expects for the US stock market, and much, much more. To follow more of Martin’s work, go to ArmstrongEconomics.com.”
Posted originally on the conservative tree house on February 17, 2022 | sundance | 235 Comments
Let us speak clearly and concisely about what is happening in the macro housing market. Today, the Commerce Department announced an unexpected drop in U.S. housing starts. However, the rates of permit applications for future building remains strong. So, what’s going on?
First the report:
WASHINGTON (Reuters) – U.S. homebuilding fell more than expected in January as many parts of the country experienced freezing temperatures, but a surge in permits suggested a rebound in the coming months was likely amid a severe shortage of homes on the market.
Housing starts dropped 4.1% to a seasonally adjusted annual rate of 1.638 million units last month, the Commerce Department said on Thursday. […] Single-family building permits surged 6.8% to a rate of 1.205 million units. The supply of previously owned homes on the market is at record lows, which should keep builders busy. (more)
Inflation is crushing the middle class. The current housing market and real estate, overall, is being kept hot by institutional investors – Wall Street firms who shifted from paper assets to hard assets approximately 14 months ago. The macro housing market, and the financial mortage market that underpins home sales, is now a massive hedge system.
On a macro level, traditional real estate market dynamics are no longer the biggest factor. As overall inflation hits the middle class disproportionately, single family home sales are now back to being part of a betting system within the investment divisions of major banks and financial houses; only this time, they are not using the bond market or mortgage backed securities. They are using physical control over the hard asset itself.
It’s a big hedge game. The problem is their effort resulted in a market price system that has driven the ability of a working family to afford the purchase out of the equation. However, institutional investment groups cannot let housing prices drop, or quite literally they take a loss.
At the same time, construction prices have skyrocketed, and material prices (lumber, steel, concrete, etc) are through the roof (inflation issue). Additionally, labor costs in the building industry are directly attached to inflation. Job jumping for higher wages in the construction industry is extremely common; so much so, it is a long-accepted standard issue within the construction industry.
As a consequence, skilled and unskilled labor costs in construction rise much faster than labor costs for other sectors. Add fast rises in wages to extreme price increases in building materials, and you quickly have a scenario where new home prices increase in cost at an almost astronomical rate.
The speed of these price increases quickly knocks out layers and layers of potential home buyers who cannot afford those prices.
So, we have a scenario where: (1) institutional investors are holding assets in real estate. (2) Wage-limited buyers are priced out of the market. (3) Less buyers for the assets would normally mean a drop in price. However, investing groups (writ large) cannot and will not take the loss (actually, less profit). Therefore, builders are told not to build yet, because payments trigger for completed construction with no return.
New home single family building is now a hedge game.
Investment firms need banks to lend money to home buyers so they can take the profit. Home buyers cannot afford the prices, and banks are hesitant to repeat the situation that led to the housing crisis of 2004-2007. For the same reason, the same investment firms which hold the primary asset (the physical real estate) will not buy the underlying mortgages or securities.
The hedge is frozen until buyers can afford the finished product.
Meanwhile, other than the end transaction where the money is paid for the home purchase, the underlying activity continues…. and builders seek permits for homes they may build when the buyers can afford them.
With increasing inflation on all other sectors of the economy including home building, the question becomes: will there be buyers?
At the current price of new home construction, and considering the overall inflationary pressure on home buyers, and considering the Fed is likely to raise borrowing interest rates, the answer is a combination of Maybe, Yes and No.
The real question is, where does the money lending come from that a new home buyer might use?
If the institutional investors want to get a return on their real estate inventory purchase, they might create a financial mechanism to loan the money to the buyer. However, they cannot loan their own money and simultaneously receive the proceeds from that loan as a return on the investment. So, the investing class achieve stasis by renting the home in order to receive a return and yet hold the property as an asset.
This system works out as long as the underlying value doesn’t drop.
How do you retain the underlying value? Control the supply.
Global oil prices are rising specifically due to governmental policy that’s driven by the talking script of the World Economic Forum and the ‘climate change’ financial manipulators who give the politicians their instructions. However, in this new era of pretending not to know things, the upside down through the looking glass mirror of our bizarre reality, virtually every corporate mouthpiece cannot break the Multinational code of omerta.
We truly are living in an era where the truth & consequences must be hidden in order to maintain a centrally orchestrated narrative.
The ultimate victims of this new multinational corporatism (fascism reversed with corporations telling government what do) are the middle class represented on every continent by yellow vests, MAGA hats and currently truckers.
We know it, they know it and they know that we know it; yet, the deep little lies inside the bigger lie must be maintained. The Code of Omerta must not be broken.
In the U.S., the people behind Joe Biden must retain the ruse of centralized lying and citizen manipulation. In France, it’s Emmanuel Macron. In Victoria, Australia, the jackboots of Daniel Andrews have been deployed to retain the ruse of their little lies. The House of cards in New Zealand is propped up by the smiley-faced facist Jacinda Ardern, and more recently their Canadian cousin, Prime Minister Justin Trudeau, has invoked the Emergency Act to retain the control mechanisms.
You can almost see Klaus Schwab smiling as the digital identity starts to take shape while the mechanisms for carbon trading await the beta test completion. Yes, the population will be granted environmental justice, and carbon trade exchanges will apportion to each according to their contribution. Of course, you can always buy a few extra hours of energy use if you can afford it.
Behind all of the current anxiety, schemes and machinations sits the library of rules and regulations transcribed into every legislative language that will be needed. It’s only a matter of time…. unless, well, unless the truckers, yellow vests and red hats are able to disrupt the plan.
A small, seemingly innocuous, reference point that highlights the bigger of the biggest picture is the current need for the multinational stenographers to use the convenient geopolitical fraud of a Russia-Ukraine conflict to justify current rising oil prices and the subsequent gasoline costs.
Pay no attention to the cancellation of drilling leases, shuttered pipelines, regulated refineries being blocked and/or coal being defined as the black death of the planet.
Comrade dissidents, to believe the current price of oil is related to Russia and Ukraine, is to convince yourself that Joe Biden writes his own speeches.
(US News) […] Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist.
“My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7.
Oil prices have been red-hot lately as geopolitical tensions rise between Russia and the rest of the world.
WTI crude oil has climbed 13% in the past month to $94 a barrel. Russia produces 10 million barrels of oil a day, the equivalent of 10% of global demand. Any loss of that oil due to geopolitical issues could cause a tightly supplied market to become tighter, pushing prices for the hydrocarbon up.
The march up in oil has pushed gas prices further higher from already elevated levels. (read more)
The average price nationally for gas currently stands at $3.47. The national average stood at $2.44 a year ago. The rapid rise in prices is contributing to inflation across the economy and is creating a crisis for the working class.
Yes, a sitting president can and does influence the price of gasoline. What can a U.S. President and administration specifically do? We have abundant U.S. energy resources. Quite literally the strongest in the entire world.
Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized.
Finish the Dakota access pipeline.
Re-approve the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico.
Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada.
Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard.
Continue to develop natural gas as a clean burning fuel.
Drive Liquefied Natural Gas (LNG) as an export.
.
Unfortunately, this would mean reversing the entire energy policy of the current administration. The existing energy inflation and high prices of oil, natural gas and gasoline are a direct and intentional part of Joe Biden policy. That policy is driven by the leftist demand for a “green new deal.”
None of the actions above require any approval from OPEC. Strategically the ‘all of the above’ approach enhances U.S. national security and diminishes the influence of Russia, China and Iran. Within six months of the above, gasoline would plummet.
Globalist climate change policies, as showcased within the Joe Biden energy policy, are the driving force of inflation. It’s not COVID-19, and it damned sure isn’t Ukraine or Russia.
If they are successful with the digital id, I guarantee you it will connect to government-controlled carbon allowances within 5 years.
The majority of Democrats (51%), stated that they do not want Joe Biden to run for office in 2024. The findings come from a CNN survey that polled 1,527 American voters. Around 70% of his strongest supporters who somehow approve of his handling of the country said that they’d renominate him, but among the increasing number of moderate Democrats, only 35% said they’d check his name off on the ballot.
Among the Democrats who stated they did not want to see Biden in office, 35% specified they did not believe he could beat a Republican candidate, while 31% simply stated they do not want him to be reelected. Around 18% of Democrats said they’re concerned about Biden’s age, as he will be 82 by November 2024. Who would replace Biden? Only 12% of Democrats had a specific candidate in mind, with 5% admitting they had no opinion on the matter.
Half of Republican voters would like to see Trump reenter the White House, 49% said they’d like a new candidate, while 1% had no opinion. Among those who do not support a Trump 2024 run, 39% said they simply do not want him to be president while 22% stated they do not believe he could win against the Democrats. Governor Ron DeSantis is already the preferred candidate behind Trump, winning the support of 21% of voters while no other potential alternative candidate received more than 1% of support (Donald Trump Jr., Rand Paul, Mike Pence, and Ted Cruz were among some of the alternative candidates who each received the support of 1% of voters).
The Democrats are already doing everything in their power to dismiss the possibility of a second Trump presidency. Republican voters still support him, however, and as a whole seem to be on the same page. As I have stated in the past, I believe the Republicans will push Ron DeSantis to run during the next election. With the help of the progressives, the Democrats have lost all power as a collective and do not where to turn.
India’s ambassador, Deepak Vohra, tears into Prime Minister Justin Trudeau for his blatant hypocrisy. Last year when thousands of farmers protested in Delhi, causing blockades, Trudeau was in support of the protestors and urged the Indian government to have a dialogue with the disgruntled farmers.
“The fellow who was trying to give us advice has actually gone into hiding,” Vohra stated. “He has betrayed their trust. The saddest thing about betrayal is that it never comes from your enemies, it comes from those you have faith in. Some of the most poisonous people come disguised as friends and family.”
“My motto has been to always protect the oppressed, even if he is my enemy,” Vohra said, “But I will never forgive the traitor, even if he is my friend.”
Iraq finalized its $52.4 billion reparation payment for its 1990 invasion of Kuwait, according to the United Nations. Under Saddam Hussein, 100,000 Iraqi troops occupied Kuwait in search of oil on August 2, 1990, leading to the first Gulf War. Iraq retreated from Kuwait in February 1991 after the United Nations Security Council placed embargos and sanctions on the nation. The United States under former President George H.W. Bush invaded to help liberate the people of Kuwait, and years later publicly executed Saddam Hussein after the Iraq War under former President George W. Bush.
There is outrage surrounding the payment as some feel the Iraqi people should not be punished for the actions of their previous dictator. However, that is not how reparations work. After Hitler committed suicide, Germany was still forced to pay reparations, albeit leading to economic ruin. However, under the London Agreement in 1953, Germany’s foreign creditors cut the nation’s payment in half.
The second Bush Administration pushed to forgive some of Iraq’s debt in order to stabilize the nation. In the end, whoever loses the war has to pay up and the victor can choose whether or not to forgive some of the debt. However, in the case of the Gulf War, this was not the US’ decision to make. UN Compensation Commission (UNCC) processed 2.7 million claims totaling $352.5 billion but approved the $52.4 billion payment for 1.5 million claims. The largest payment went to Kuwait Petroleum Corporation (KPC) for $14.7 billion to pay for the damage caused by burning oil wells.
“With the final payment of compensation made on 13 January 2022, all compensation awarded by the Commission has now been paid in full,” the UNCC declared. Iraq’s current GDP as of 2020 sits at $167.22 million, representing 0.15% of the global economy. Dictators can leave lasting damage on their nation’s citizens for decades, and this is no exception.
Posted originally on the conservative tree house on February 16, 2022 | Sundance | 239 Comments
Kraft-Heinz has announced the next wave of anticipated inflationary prices for their products. The announcement, and the timeline they provide for the price increases, is exactly in line with our prior estimations.
Prior CTH outlines on the path of inflation for this specific company are HERE (Dec) and HERE (Jan). Keep in mind, depending on the size of the buyer or wholesaler, and depending on the terms of the contracts for purchase, generally speaking, terms are net payment in 30, 60 or 90 days based on 180 day contracted price agreements which include rebates to retailers.
(Reuters) […] “The company expects inflation to be in the low-teens percentage range for 2022, with higher levels in the first half than in the second, said Chief Financial Officer Paulo Basilio.” (link)
Both Proctor & Gamble and Kraft-Heinz provide the best data points to predict future retail grocery inflation. Based on their previous notifications, we can now see that Kraft is anticipating the March – July rates of increase to remain approximately where they have been (20 to 30%) and then stabilize in the last half of the year bringing the yearly average into the “low teens.” This timeline is what we predicted back in October.
The prices we will see at the grocery stores will rise again in the spring (this is the backside of the inflationary cycle), continue through mid-summer, and then price increases should likely level off at the end of summer this year. Between the price today and the price at the point of leveling is approximately a 20% increase.
Each segment is different. However, on average a $5 item now will cost around $6 mid-summer, then settle. Average food basket prices going into the July 4th holiday will be approximately 20% higher than current, and 40% higher than July 2021. Some items will be 50 to 60% higher July 4, 2022, versus July 4, 2021.
Dairy products into manufacturing and processing went up 4.5% last month alone. Those price increases will continue accumulating into the products as ingredients. Expect another +25% on dairy goods at retail. Plastic packaging (jugs etc) is part of that product price.
Household chemicals, cleaning products, laundry detergents, paper goods as well as health and beauty care products like soaps, shampoos, dental and cosmetics, will see much higher price increases than food products because the raw materials (bases and chemicals) are off the charts higher in price. Cleaning products at wholesale jumped 3.8% in January alone. Expect to see anything containing chemicals on the extreme high end of price increases this year.
Another serious issue are paper and cardboard prices which are likely going to jump another 30 to 50% before they stop (if they do). Everything above comes shipped in boxes, so the cost of products carries the increased cost of the shipping cardboard.
Keep in mind a few points:
(1) The outlined price increases noted are against current price terms and contracts. Meaning, these are price increases from right now to the next fulfillment. These are not inflation price increases which are compared to a year ago. These are 5% to 20% increases from the current price right now.
(2) The price increases are not the final price increase. This is the price of a contract today from the field to the distribution center. The retailer also has additional price increases (transportation, energy, labor, etc) which they need to add to the wholesale price before you see the final price at retail (grocery store).
The final field to fork price is not yet known but will be higher than noted above. We are only seeing the notifications from field, through processing (Kraft and P&G) and into warehousing and distribution.
Additionally, the more an item needs to be processed, the higher the price increase will be. Food items that require multiple raw materials, ingredients and bases for processing (ex. condiments), when combined with increased packaging costs (oil, energy), will be much higher than foods with less processing, handling and packaging.
This has always been the nature of this specific supply chain.
Example: Many products, food, drinks and even cleaning products, contain citrus bases, additives, flavorings and distillation. Those products will be much higher in price due to the price increases in raw materials, combined with higher energy and petroleum costs. It is an issue of cumulative price increases in the production of the product from beginning to end.
Unfortunately, pet foods, specifically wet pet foods, will also be on the higher end of the price increases. Pet foods are subject to the higher end of price increases due to manufacturing and processing. Many high-end wet pet foods are also imported, so the transportation costs are higher.
CTH has recommended preparing for these massive increases in 2022 prices by thinking about the base products you use to make meals at home and holding an extra supply of shelf stable products, so you won’t hit the grocery store and face those massive increases. Another example will be coffee. Keep in mind Kraft Foods is Maxwell House, and coffee requires roasting (another energy cost).
The $200 food basket in early 2021 is now around $275. That same food basket will likely reach $325 this summer. I wish there were a better way to put it, because at the end of these price jumps is a lot of hardship for many working families.
Believe me, I feel that pain. I know what it looks like to see a grocery bill at checkout that suddenly makes the monthly car, rent or mortgage payment more challenging. That’s why we have been trying to support everyone with fact-based expectations since last fall, so we could help readers prepare ourselves to support our families, kids and grandkids who might be seeing these issues for the first time in their lives.
On the durable goods side of the equation, other than energy-price-impacted goods (tires, oils, rubber components etc), we can expect to see price increases of durable goods (electronics etc) settle down much faster this year, likely before spring. Unfortunately, the reason is obvious as demand is continuing to drop.
We must get the Democrat Communists out of office and stop the assault on the energy industry before it’s too late. If we do not get rid of them, we will lose the middle class.
Desperate and unwilling to speak directly to the truckers, Justin Trudeau is now vowing to freeze the personal and business bank accounts of those involved in the Freedom Convoy. Trudeau is drunk with power and passed the emergency order despite the premiers of Quebec, Manitoba, Saskatchewan, and Alberta stating it is an unnecessary move. Only Ontario’s Doug Ford supports the extreme measure. Quebec Premier Francois Legault believes the emergency order will “throw oil on the fire.”
This is the first time that a Canadian prime minister invoked the 1988 Emergencies Act, which is intended for an “urgent and critical situation” that “seriously endangers the lives, health or safety of Canadians.” Deeming a peaceful protest an act of terrorism is an act of free speech oppression. Trudeau believes he deserves praise for refraining from deploying troops to end the protest through violence. “We are not suspending fundamental rights or overriding the Charter of Rights and Freedom. We’re not limiting people’s freedom of speech. We are not limiting freedom of peaceful assembly. We are not preventing people from exercising their right to protest legally,” Trudeau said while speaking at Parliament Hill on Monday.
Alberta Premier Jason Kenney told reporters, “We would prefer that the emergency act not be invoked. But if it is, we would very much prefer that it not be applied to Alberta. It’s not needed. It could make the situation even more complicated.” Saskatchewan Premier Scott Moe stated that the police already have the tools required to remove illegal blockades, therefore, “Saskatchewan does not support the Trudeau government invoking the Emergencies Act.” NDP Leader Jagmeet Singh supports Trudeau’s decision but said it points to a larger problem with the Trudeau Administration. “The fact that the Prime Minister is resorting to this measure is proof of a failure of leadership. The reason why we got to this point is because the Prime Minister let the siege of Ottawa go on for weeks and weeks without actually doing anything about it,” Singh told the press. “He allowed the convoy to shutdown borders without responding appropriately and in doing so, has allowed the convoy to dig in and get entrenched.”
Chrystia Freeland, the deputy prime minister and finance minister, said that credit card companies will be required to report any activity that could be intended to help the protestors to Canada’s anti-money laundering agency. All vehicles involved will have their insurance suspended. Fundraising sites are not allowed to raise money to support the cause. Anyone can be accused of conspiring with the protestors and their funds will be frozen.
Hundreds of protestors remain in Ottawa. Tamara Lich, who began one of the first fundraisers for the convoy, said that the protestors will not leave until all COVID mandates are repealed. “There are no threats that will frighten us. We will hold the line,” Lich boldly stated.
QUESTION: Mr. Armstrong; it is easy to see why the government wanted Socrates. You said Monday would be the low then a bounce and that is what unfolds. You forecast so many markets and you get it to the day. Others claim this is the guy who called 2008 so buy his latest forecast resting on a single forecast. Your track record is far beyond anyone ever. How can you do this? Is the future predetermined?
HC
Many people have written in to ask the same question, for example: “I had begun settling on the position (with relative comfort) that while technicals provide insights into the market, its the market makers that manipulate conditions to the point of driving it in one direction or the other – unless of course, there’s a significant fundamental reason for the market to be guided by the invisible hand. However, after experiencing Socrates and learning more about your approach, I find it challenging (mentally) to accept that there isn’t a pre-designed aspect guiding markets the way they roll.”
Others have asked: “Does Socrates foresee the birth and emergence of great teachers to come who have the capacity of overcoming the Deep State and bringing the world back into an economic balance?” Then there are questions such as: “Because Socrates was created by you, does it carry an inherent bias on economic theories about the world that it generates 1000 reports on a day for? Is it not impossible to truly be conscious and to accurately see the global economic landscape without having a fundamental empathy (being truly human to know what human nature is).”
ANSWER: I am an avid student of history. I noticed from an early age that no empire ever lasts forever. The question I had in my mind was how and why did they fall? I pursued my own course and academics held no answer. I would say there were two incidents when I was in high school that perhaps set me on a course of independent review. I was given The Great Crash to read and nowhere in there could you find one word about government defaults. Later I discovered a copy of Herbert Hoover’s Memoirs and after reading the chapter of events during 1931, I came to realize like so many throughout the centuries that history might be partially correct perhaps, but let us not forget, it was written by the victors to those who tended to record what suited their preferred conclusion to support their theories.
I have explained how I got a job during High School and worked in a coin/bullion store to earn money to go on a trip to Europe. I was in history class and the high school professor brought in an old film The Toast of New York. It was a film about the Panic of 1869 and the attempt of Jim Fisk to corner the gold market. In this clip, you will see what sparked my imagination and sense of curiosity given my exposure to reality by working with bullion when gold was fixed at $35 an ounce under Bretton Woods. Jim Fisk is at the ticker tape, and he then turns to his girlfriend and quotes gold at $162. How could gold be $162 in 1869 and $35 then? I was being taught that progress meant society moved in a linear fashion. So how was it possible that gold could be $162 in 1869 and $35 today in the 1960s?
At first, I assumed it was just a movie. But it bothered me. There was a QUESTION in the back of my mind that would not be answered. I went to the library and looked up the price of gold in the microfilm copies of The New York Times. There it was, the quote, $162. It was real. It profoundly shook my belief system to the very foundation of what I was being taught. Then merged with the realization that Galbraith cherry-picked history to support his socialist philosophy, suddenly;y I was confronted with the cold hard fact that what was being taught in school was not the truth but merely someone’s opinion.
When I went to physics class, I was told nothing was random. Yet when I went to economics class, I was told everything was random and therefore we can manipulate society under Keynesian Economics to eliminate depressions and recessions. Obviously, one was correct and the other was dead wrong. Social Sciences has nothing to do with “science” but were nothing more than an indoctrination into a philosophy, precisely as Klaus Schwab has done with his Young Global Leaders.
So is the future predetermined? There are two futures. The first is our personal future and people prefer to believe that they have free will and thus reject the idea of a predestined cycle. There are so many doors to the future, but they have the free will to decide which door to take. Will they act independently or follow the mob blindly like wearing a mask while driving a car alone. The independent can see the choice, whereas the latter just follows the mob and will suffer the predetermined outcome.
The second future is that of the mob which actually dictated the rise and fall of empires, nations, and city-states. The phrase “Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men” was written in 1887 by Lord Acton. The truth behind those words rings true throughout time in memorial. We are witnessing this once more with Klaus Schwab, Bill Gates, and George Soros. What makes such people think they know a better way for the world to function? Perhaps it is the ultimate power that blinds them to the reality that they elevate themselves way above society.
The rise and fall of empires, nations, and city-states is not entirely dependent upon human nature. Even these people arguing for Global Warming that they switched to climate change when the cold confronted their theories, is ponce more rewriting history to fit their predetermined conclusion. Climate has always moved through cycles. They simply are anti-fossil fuels and do everything in their power to support their predetermined conclusion that they must be stopped.
The first known Clean Air Act occurred in 535 AD. Emperor Justinian proclaimed the importance of clean air as a birthright. “By the law of nature these things are common to mankind—the air, running water, the sea.” Even Cicero wrote about pollution in the ancient city of Rome. For you see, CO2 is not solely produced by fossil fuels. When a forest is on fire, it gives off CO2, and before fossil fuels, they burned wood to stay warm. Burning crude oil releases less carbon dioxide than burning coal. Since ancient times, they have been burning peat for fuel. That is far worse than even coal.
Of course, climate change people are not interested in the truth. They have already made up their mind and they will ignore all other evidence. Trudeau even put a climate change tax on every household as if that can change the climate. You can win an argument with someone who is intelligent and interested in the truth. You will NEVER win an argument against a fool or someone who is entrenched in their bias. They are incapable of independent thought and will never change course. Hence, their personal future is tied to that of the mob which is predetermined.
History repeats, but it does so because it is guided by Adam Smith’s Invisible Hand. Even John Maynard Keynes, the father of this modern age of New Economics which is now collapsing, came to realize that his theories that society could be manipulated to eliminate depressions and recessions would never work. Former Chairman of the Federal Reserve, Paul Volcker, had even concluded that the Business Cycle defeated the “New Economics” of Keynes where there emerged “the conviction that business cycles were not inevitable, that government policy could and should keep the economy close to a path of steady real growth at a constant target rate of unemployment.” He called it the Rediscovery of the Business Cycle.
Even the previous Chairman of the Federal Reserve Arthur Burns came to the same conclusion – the Business Cycle would always win. Thus, even governments could NOT manipulate the economy or markets to produce the desired result.
As far as does Socrates “foresee the birth and emergence of great teachers to come who have the capacity of overcoming the Deep State and bringing the world back into an economic balance?” Socrates does not project individuals. It forecast that 2016 was the first time we could see a third-party candidate take the White House and that was put out in 1985. That was 31.4 years into this ECM wave which began 1985.65 that produce the very day that Trump became president – 2017.05. It did not predict it would be Trump over some other individuals. But history appears to produce the opportunity where some individuals will step up and see the opportunity for change. Socrates predicts turmoil between here into 2032, but there will be people who come forward to defeat Klaus Schwab and all his Young Global Leaders who are anti-humanity and assume that we are all worker
QUESTION: Mr. Armstrong; it is easy to see why the government wanted Socrates. You said Monday would be the low then a bounce and that is what unfolds. You forecast so many markets and you get it to the day. Others claim this is the guy who called 2008 so buy his latest forecast resting on a single forecast. Your track record is far beyond anyone ever. How can you do this? Is the future predetermined?
HC
Many people have written in to ask the same question, for example: “I had begun settling on the position (with relative comfort) that while technicals provide insights into the market, its the market makers that manipulate conditions to the point of driving it in one direction or the other – unless of course, there’s a significant fundamental reason for the market to be guided by the invisible hand. However, after experiencing Socrates and learning more about your approach, I find it challenging (mentally) to accept that there isn’t a pre-designed aspect guiding markets the way they roll.”
Others have asked: “Does Socrates foresee the birth and emergence of great teachers to come who have the capacity of overcoming the Deep State and bringing the world back into an economic balance?” Then there are questions such as: “Because Socrates was created by you, does it carry an inherent bias on economic theories about the world that it generates 1000 reports on a day for? Is it not impossible to truly be conscious and to accurately see the global economic landscape without having a fundamental empathy (being truly human to know what human nature is).”
ANSWER: I am an avid student of history. I noticed from an early age that no empire ever lasts forever. The question I had in my mind was how and why did they fall? I pursued my own course and academics held no answer. I would say there were two incidents when I was in high school that perhaps set me on a course of independent review. I was given The Great Crash to read and nowhere in there could you find one word about government defaults. Later I discovered a copy of Herbert Hoover’s Memoirs and after reading the chapter of events during 1931, I came to realize like so many throughout the centuries that history might be partially correct perhaps, but let us not forget, it was written by the victors to those who tended to record what suited their preferred conclusion to support their theories.
I have explained how I got a job during High School and worked in a coin/bullion store to earn money to go on a trip to Europe. I was in history class and the high school professor brought in an old film The Toast of New York. It was a film about the Panic of 1869 and the attempt of Jim Fisk to corner the gold market. In this clip, you will see what sparked my imagination and sense of curiosity given my exposure to reality by working with bullion when gold was fixed at $35 an ounce under Bretton Woods. Jim Fisk is at the ticker tape, and he then turns to his girlfriend and quotes gold at $162. How could gold be $162 in 1869 and $35 then? I was being taught that progress meant society moved in a linear fashion. So how was it possible that gold could be $162 in 1869 and $35 today in the 1960s?
At first, I assumed it was just a movie. But it bothered me. There was a QUESTION in the back of my mind that would not be answered. I went to the library and looked up the price of gold in the microfilm copies of The New York Times. There it was, the quote, $162. It was real. It profoundly shook my belief system to the very foundation of what I was being taught. Then merged with the realization that Galbraith cherry-picked history to support his socialist philosophy, suddenly;y I was confronted with the cold hard fact that what was being taught in school was not the truth but merely someone’s opinion.
When I went to physics class, I was told nothing was random. Yet when I went to economics class, I was told everything was random and therefore we can manipulate society under Keynesian Economics to eliminate depressions and recessions. Obviously, one was correct and the other was dead wrong. Social Sciences has nothing to do with “science” but were nothing more than an indoctrination into a philosophy, precisely as Klaus Schwab has done with his Young Global Leaders.
So is the future predetermined? There are two futures. The first is our personal future and people prefer to believe that they have free will and thus reject the idea of a predestined cycle. There are so many doors to the future, but they have the free will to decide which door to take. Will they act independently or follow the mob blindly like wearing a mask while driving a car alone. The independent can see the choice, whereas the latter just follows the mob and will suffer the predetermined outcome.
The second future is that of the mob which actually dictated the rise and fall of empires, nations, and city-states. The phrase “Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men” was written in 1887 by Lord Acton. The truth behind those words rings true throughout time in memorial. We are witnessing this once more with Klaus Schwab, Bill Gates, and George Soros. What makes such people think they know a better way for the world to function? Perhaps it is the ultimate power that blinds them to the reality that they elevate themselves way above society.
The rise and fall of empires, nations, and city-states is not entirely dependent upon human nature. Even these people arguing for Global Warming that they switched to climate change when the cold confronted their theories, is ponce more rewriting history to fit their predetermined conclusion. Climate has always moved through cycles. They simply are anti-fossil fuels and do everything in their power to support their predetermined conclusion that they must be stopped.
The first known Clean Air Act occurred in 535 AD. Emperor Justinian proclaimed the importance of clean air as a birthright. “By the law of nature these things are common to mankind—the air, running water, the sea.” Even Cicero wrote about pollution in the ancient city of Rome. For you see, CO2 is not solely produced by fossil fuels. When a forest is on fire, it gives off CO2, and before fossil fuels, they burned wood to stay warm. Burning crude oil releases less carbon dioxide than burning coal. Since ancient times, they have been burning peat for fuel. That is far worse than even coal.
Of course, climate change people are not interested in the truth. They have already made up their mind and they will ignore all other evidence. Trudeau even put a climate change tax on every household as if that can change the climate. You can win an argument with someone who is intelligent and interested in the truth. You will NEVER win an argument against a fool or someone who is entrenched in their bias. They are incapable of independent thought and will never change course. Hence, their personal future is tied to that of the mob which is predetermined.
History repeats, but it does so because it is guided by Adam Smith’s Invisible Hand. Even John Maynard Keynes, the father of this modern age of New Economics which is now collapsing, came to realize that his theories that society could be manipulated to eliminate depressions and recessions would never work. Former Chairman of the Federal Reserve, Paul Volcker, had even concluded that the Business Cycle defeated the “New Economics” of Keynes where there emerged “the conviction that business cycles were not inevitable, that government policy could and should keep the economy close to a path of steady real growth at a constant target rate of unemployment.” He called it the Rediscovery of the Business Cycle.
Even the previous Chairman of the Federal Reserve Arthur Burns came to the same conclusion – the Business Cycle would always win. Thus, even governments could NOT manipulate the economy or markets to produce the desired result.
As far as does Socrates “foresee the birth and emergence of great teachers to come who have the capacity of overcoming the Deep State and bringing the world back into an economic balance?” Socrates does not project individuals. It forecast that 2016 was the first time we could see a third-party candidate take the White House and that was put out in 1985. That was 31.4 years into this ECM wave which began 1985.65 that produce the very day that Trump became president – 2017.05. It did not predict it would be Trump over some other individuals. But history appears to produce the opportunity where some individuals will step up and see the opportunity for change. Socrates predicts turmoil between here into 2032, but there will be people who come forward to defeat Klaus Schwab and all his Young Global Leaders who are anti-humanity and assume that we are all worker bees to be herded and controlled.
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Being a student of history, I realized that there is no way I can foresee what might happen 100 years from now. Will we have new energy? Will we inhabit other planets beyond Mars? ASll I could do was to teach Socrates how I would analyze and not inject any personal theory. There was no inherent bias on economic theories. I allowed it total freedom to come back and teach me how the world functioned. There was never any hardwire set of theories that if interest rates rise sell stocks. It was very clear that no such relationship was ever constant.
The stock market has NEVER peaked with the same level of interest rates twice in history. So how can anyone forecast what will happen if the Federal Reserve raises or lowers interest rates?
Indeed, the Fed raised rates throughout Trump’s Administration yet the stock market rallied. No relationship is ever cast in stone.
Some have asked how can Socrates forecast gold would rise and silver would decline at times. The two are not always joined at the hip.
So to conclude, the future is PREDETERMINED insofar as there will always be a rise and fall to every empire, nation, and city-state. That does not mean that our individual fate is predetermined. There are those of us who see the trend and are not so blind to the point that they just mindlessly join the crowd. This is evident right now even between the vaxed & un-vaxed. This is also why Schwab has ordered his Young Global Leaders to crush the un-vaxed for he wants total obedience to impose his economic theory upon the world.
Sorry, Klaus – You Will Fail. Socrates has Already Predicted your Outcome
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