The Confusing Labor Market


Armstrong Economics Blog/Economics Re-Posted Jun 21, 2021 by Martin Armstrong

There have been very unusual trends unfolding in the labor market. US workers have been quitting their jobs in record numbers all because the government was paying extra free money for unemployment. The $300 bonus, on top of everything else, has led to many people just staying home. One neighbor of a friend in an apartment was yelling that Governor DeSantis was horrible because he canceled the $300 bonus, and she can’t afford to stay home anymore — OMG. So far, 23 states ended the benefits, and 8 states are also terminating this extra $300-a-week-benefit.

These bonuses have really distorted the labor market. One local businessman I know says he gets 20 to 30 calls about jobs per day. Maybe one person actually shows up. All they have to do is claim they looked for a job to keep the benefits rolling in. This has created high unemployment, while simultaneously preventing small businesses from reopening to full capacity. This really hit in NYC.

The recovery from the pandemic has been exceptionally strange, for not only has the economy had to deal with the insanity of Fauci constantly changing positions, but this collision between public health measures and economic relief has unleashed social changes that have been inspired by the experience of this enduring coronavirus mismanagement. This has resulted in a labor market that seems, on the one hand, to be very hot, yet at the same time very cold for jobs that use to be salary. Even the oil industry has laid off thousands of workers with no intention of re-hiring.

The high number of long-term unemployed implies a very loose labor market, while the number of firms who say they can’t fill jobs suggests a tight one. But the tight market is the lower end, particularly restaurants. Nearly 4 million kids dropped out of college. Those jobs are typically filled by college students earning money while in school. With schools virtual, this also added to the shortage of labor in that category. Therefore, we are witnessing a conflict between these two sectors in the labor market that is creating tremendous confusion about the fate of the economy.

Unemployment: To be or Not To Be?

Can Shareholders Bring Suit Against Dorsey for Securities Fraud?


Armstrong Economics Blog/Rule of Law Re-Posted Jun 21, 2021 by Martin Armstrong

In July 2015, then CEO Dick Costolo departed Twitter, and Jack Dorsey assumed the role of interim CEO. Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and launched in July 2006. By 2012, the platform had more than 100 million users. I am surprised that they have not figured out that Dorsey can be personally sued for securities fraud since he marketed Twitter as being the platform for “freedom of expression,” whereby he has personally taken charge of the company and did exactly the opposite of what was said when they went public.

If I raised money and said we would invest in BioTech, but then after getting the money I invested in real estate, that would be securities fraud. We cannot count on the SEC to defend the people. They get their marching orders and will never cross paths with someone like Dorsey. Worse still, if you take a public corporation and you flip it around for personal use, that too is actionable. Dorsey is obviously incompetent as a CEO.

Cycles in Fashion


Armstrong Economics Blog/Understanding Cycles Re-Posted Jun 19, 2021 by Martin Armstrong

QUESTION: Isn’t the current version of the economy much more decadent than in ancient times? So the past is not always the same.

WG

ANSWER: I think you have not paid attention or perhaps you have never gone to a museum. The one thing that stands out is the constant changing in fashion. It’s been a long-standing joke that when women’s skirts rise, so does the stock market. When they fall to nearly the ground, the market crashes – i.e. Roaring ’20s.

There are indeed similar trends in ancient times. The term he assumed the Purple meant that the Emperor was the only one allowed to wear purple which was a very expensive die imported from India. In the Catholic Church during Advent, the priest wears purple vestments symbolizing the same Roman tradition.

However, even if you look at the coinage of the various wives of Emperors, and you will quickly notice the changing hairstyles. I suggest looking at a Fashion Museum and you will also see a cycle in clothing that corresponds to the rise and fall in temperatures. Fashion indeed becomes more elaborate in good times, and it does become standard during the bad times.

The Real Digital Plot


Armstrong Economics Blog/Conspiracy Re-Posted Jun 19, 2021 by Martin Armstrong

The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, and in the process, they enable all Americans to access the digital economy. Neha Narula, who is the academic director of MIT’s Digital Currency Project, testified claiming, as they did in creating the euro, that the benefits of a digital dollar will lower costs within the electronic payment system. Of course, China also cracks down on protesters in Hong Kong. Obviously, the United States must crackdown on all dissent and cancel them from society to keep pace with China.

For years, I have watched behind the curtain how they operate. I believe that Bitcoin was “ALLOWED” to be created for the sole purpose of moving to a digital currency. Just as they float a balloon in first to see how the market reacts, which allows them to always deny it.

Nobody knows who invented blockchain. Don’t you find it curious that such a major invention takes place and nobody takes credit? Even the notorious government propaganda site, Wikipedia, states: “The blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.” This appears to be the perfect COVERT operation, for blockchain allows the government to trace every person who handled that Bitcoin.

This entire cryptocurrency has been sold as somehow circumventing the central banks, and it will defeat fiat currency when in fact it too is not backed by anything tangible. It has been a creative sales job just like COVID telling people their lives are at risk and we have to lock down the world because you only have a 99.5% chance of survival.

Summers Larry

They floated the balloon to move to NEGATIVE interest rates in 2014. I reported back in 2014 that when Larry Summers said interest rates should be NEGATIVE, he was flying a balloon to see how it was taken by the markets. I warned, “Negative interest rates are coming. When the economy turns down after 2015.75, they cannot lower rates that are already too low, so in their mind, they have to go negative. You will be taxed effectively on money you do not spend.” Shortly after that, the head of the European Central Bank, Mario Draghi, came out and agreed to say that NEGATIVE interest rates were possible.

They always float a balloon, and it is done by someone who is NOT part of the current government, as was the case with Larry Summers — the father of NEGATIVE interest rates. All the intellectuals hail it as brilliant as they are now doing with the Great Reset. Once it becomes accepted, they move in for the kill.

Klaus Schwab and his World Economic Forum are doing precisely that. This is the BALLOON they are floating, and the governments need not risk their lives this way. They are allowing this to unfold one drop at a time. When they are done, you will have lost everything, and your posterity will become economic slaves fed prearranged propaganda, which is not really that different from “The Matrix.”

All governments in the West are on board. They have allowed Schwab to sell this idea to the people, and as they are conditioned, they will move forward. This is the enslavement of the population all because of their fiscal mismanagement of borrowing endlessly year after year with no intention of EVER paying anything back.

This entire Build Back Better agenda also requires a ONE WORLD GOVERNMENT. They are now trying to sell that idea, and I believe that is why they needed the Biden and Harris team, as they may not be intelligent enough to understand the implications.

They are pitching for an IMF cryptocurrency to enable a one-world monetary system that would be entirely traceable and thus will get every penny of tax. You will notice Biden has already been pushing for a 15% international corporate tax rate. They want to control everything. They refuse to take any responsibility. Their failures from the fiscal mismanagement of socialism are blamed on tax evasion, and they pretend they would not have deficits if everyone paid.

Listen to Schwab talking about the unrest because those with the “gray market” jobs will be unemployed. This is the objective. We will surrender all rights so they can try a totalitarian form of government. Once a politician tastes power, they can never relinquish it.

Chinese Direct Foreign Investment Declines Sharply


Armstrong Economics Blog/China Re-Posted Jun 18, 2021 by Martin Armstrong

Chinese investment overseas actually scored a 13-year low in 2020 thanks to COVID and the rising tensions of economic uncertainty as the West tries to pressure China to join the Great Reset. Even the pandemic-related travel restrictions curtailed put a huge barrier to foreign investment for China. Most critical has been the fact that Chinese foreign direct investment into Europe came in as a 10-year low in 2020 for the 4th consecutive year-on-year decline.

Our models are projecting a further 3-year decline into 2023 before any temporary low can even form. Moreover, it also appears that there may be the liquidation of Chinese direct investment into Europe going into 2023.

Questions: Ides of June 2021


Armstrong Economics Blog/Q&A Re- Posted Jun 18, 2021 by Martin Armstrong

QUESTION: Hello,
re: Fauci Under Global Attack
I have to disagree with your comment that China did not benefit. I think they had to have been somewhat aware of what was going on, or at least caught on early and let it happen. This was a big benefit to them, specifically with respect to Hong Kong and the protests that had been going on there for a long time. I think anytime China has an opportunity to grab more control over its citizens, they will take it.

But I do agree with your belief of how it went down. I reviewed the publically available evidence such as patents, etc. a year ago and thought it was highly probable that this was man-made and intentionally released. That being said, it really doesn’t matter. Governments will use any excuse, with help from the media (pravda) to grab more power….in the name of protecting our freedoms, how ironic. I continue to be amazed at how dumb people are.
On another note, and I am a very anti-violent, anti-war person, but…why doesn’t someone just assassinate Gates, Schwab and Soros? Cut the snake off at the head, so to speak.
What are your thoughts on Mauritius? I am looking to get away from this crazy world.

MR

ANSWER: All the information I have, which is EXTREMELY reliable and firsthand, not hearsay, points to this being created to further the Great Reset. China benefits from the deliberate response of the West, which is organized as part of this Build Back Better arrangement. I can confirm the Great Reset was talked about at Davos 1 year before COVID. They selected China in an effort to force them to join this Great Reset. China was on track to exceed the US as the largest economy before COVID. Their economy grew BECAUSE they did not deliberately try to crush it for the Great Reset. This is like a wife whose husband was killed in 9/11 saying she benefited because he had a large life insurance policy. China will become the Financial Capital of the World and they need not do anything but sit on the side, reject the Great Reset, and watch the West self-destruct.

Now as far as someone assassinating Gates, Soros, and Schwab, I think history proves that at the very least there will be attempts on their lives. After all, on July 20, 1944, Claus von Stauffenberg (1907 – July 21st, 1944) and other conspirators attempted to assassinate Adolf Hitler inside his Wolf’s Lair field headquarters near Rastenburg, East Prussia. The name Operation Valkyrie—originally referring to part of the conspiracy—has become associated with the entire event. There will be someone else who emerges to save humanity just as Claus von Stauffenberg tried to save Germany.

QUESTION: Dear Martin Armstrong
What happened to the various sectors of the oil industry? Why are they not talking back? No, CO2 is not destroying the climate! No, we are not the cause of global warming. There is no global warming! We are not destroying the seas with oil and plastic garbage, lack of utilities for sensible waste handling is. Why don’t we hear objections from the big companies? Why are they so compliant with all these faulty narratives? I fail to see what NWO, WEF, Great Reset and more rubbish of the sort have to offer them. Their power base is more potent than this lofty rhetoric from experts and fake scientists. It’s their products that makes the world economy spin around. Why don’t they say something?
Top high regards and mountains of best greetings
/Uni

Unknown

ANSWER: I believe that there have been major bribes paid to some politicians. I also believe that Bill Gates was involved with Epstein, not for young girls, which would have been legal in Europe if they are over 14, but for the purpose of getting powerful people in a compromising position to blackmail them. I suppose the test of my theory will be if Ghislaine Maxwell is actually allowed to go to trial. She has refused to plead guilty and they seem to be trying to get her sick or to pull off another suicide. Her conditions in solitary confinement are deplorable as they flood her cell with raw sewage. But according to Biden, Americans never torture anyone. RIGHT!  Even when I petitioned the court to be taken to a real doctor the judge denied medical treatment. You have no idea how ruthless these people really are. They will stop at nothing to win.

QUESTION: Hello Mr. Armstrong,

I hope this email finds you.

Admittedly, I was first drawn to your blog years ago due to an interest in economics. After seeing various academic theories proved false by the market, I was searching online for someone out there with experience who could shed some light. Personally, I’ve become more and more curious about subjects beyond economics/politics. I want to learn more about how things are connected, something you’ve highlighted many times.

Do you have any recommended reading into physics? Something to help me orient myself. I would love to understand more how physics links into economics. Not just at a high level.

Kind regards,
SJ

ANSWER: I wish I could refer you to a book on the blending of these subjects, but unfortunately I cannot. I am trying to write a book on this to bring together the works of various people I have studied over the years. The greatest problem has been that they are specialists in their field but do not step outside of that.

One of our major Australian corporate clients ordered their CFO to meet with me after he lost $50 million in foreign exchange. He was against cycles and had his back up, which was understandable. No matter what I said, he would dismiss our track record as luck. I finally asked him his background. He said he had a degree as a nuclear physicist. I said, “Great! Let’s look at the markets from the Second Law of Thermodynamics.” His mount dropped and said, “Oh my God, there has to be a cycle!” I responded, “You got it!”

They just do not bring the various fields together. That is what I am hoping to do with the fourth book in this series I have been writing, “The Geometry of Time.”  I hope to have the “Discovery of the Business Cycle” ready by the end of the year. After these five books, I will be ready for Scotty to Beam Me Up. I did what I was supposed to do.

QUESTION: You have mentioned more often ancient coins rather than US coins as an investment. Is there any particular reason other than your personal interest in history?

WG

ANSWER: The Chinese are big buyers now of ancient coins in addition to their own. But the difference with ancient coins is that there are collectors worldwide so they tend to be much more of an international market. The coins of a particular country still are valuable but tend to be local — not international. The 1933 $20 gold coin just sold at Sotheby’s for $18,872,250 on an estimate of $10-$15 million would not bring that kind of money in Beijing.

Real Estate – Alternative to Bonds


Armstrong Ecoomics Blog/Real Estate Re-Posted Jun 16, 2021 by Martin Armstrong

QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone in Florida. Is that you?

HP

QUESTION #2: Is Vanguard and Blackrock part of the great reset fraud?

SB

QUESTION #3: With the revelation of Blackrock buying up single family homes and making homeownership and rentals unaffordable, what is the average person to do? My son and his family and my husband and I were getting ready to purchase homes to settle down in but have now been priced out of most markets and rentals are also hard to come by that we can afford. We live in California but are wanting to get out of Dodge.
Sharon

ANSWER: I am not a liberty to say who is and who is not our client. What I can confirm is that Blackrock has bought more than 20,000 homes in Florida under $500K. They are buying for cash and this is the result of artificially low interest rates. Central banks have created a disincentive for buying government bonds. This is going to come to a head and we will see interest rates rise because big money is looking at the return on renting out homes rather than investing in bonds.

This is not part of the Great Reset in saying you will own nothing. This is the shift from Public to Private. You cannot artificially lower interest rates to absurd levels under real risk and then expect them to remain there indefinitely when these pension and investment funds need higher returns. The good news to this trend is that it is resulting in the institutionalizing of the real estate market which is far better than the last attempt by creating mortgage-backed securities.

Socrates covers real estate around the world which has been part of our Institutional services. We have made this available to all levels of subscribers. We do have this broken down per state in the USA. We will be adding that to the general system because of the impact of this shifting from Public to Private in capital investment.

BIO-TERRORISM BY VACCINATION:ATT.REINER FÜELLMICH & VIVIANA FISCHER INTERVIEW DR.PETER MCCULLOUGH


Posted originally on BIT CHUTE and First published at 03:10 UTC on June 15th, 2021.

Bio-Terrorism By Vaccination:Att.Reiner Füellmich & Viviana Fischer Interview Dr.Peter McCullough

video image

Democrats Moving to Impose Wealth Tax – 5% of All Assets


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Jun 15, 2021 by Martin Armstrong

In Germany during December 1922, the last straw that broke the back of the German economy was a forced loan of 10% of all your assets. This destroyed the confidence that remained in the Weimar Republic and thereafter people withdrew the money from banks and started to convert to other currencies and to buy whatever tangible assets they could. Hyperinflation took off in 1923.

History repeats BECAUSE human nature remains the same. In an interview with The Hill, of course, it was a Democrat from New York Thomas Suozzi who said he’s in the early stages of looking at what he called a “patriot tax” which is really a WEALTH TAX that he is proposing to impose as a one-time surcharge of 2.5% on wealth between $50 million and $100 million and a 5% on wealth above $100 million.

This is NOT income – this is on assets. It will require full disclosure of all assets held globally with penalties of imprisonment and confiscation of assets if you lie. Note this is how they introduced the income tax in 1913. They always put the initial level above the average person. In 1913, the average annual wage was about $1,500. Making the income tax starting at $3,000 was to ensure the people would not worry about the rich.

They are doing this once again. True, I would not care if Bill Gates or George Soros had to pay 5% of their gross worth. But they throw that into their foundations which will not be taxed. My real concern is once they push this through, then it is one small step for the government to lower that to $1 million or $500,000. Even if you own a home that is $1 million and you have an $800,000 mortgage, you are taxed on the $1 million – not the net.

Still, many people will say anyone with $1 million can afford to pay 5%. But that includes all assets – the value of your home or business. He says they will give them 5 years to pay it. Why? Because this is on all gross assets that they will then appraise. They can say your home is now worth $1 million despite the fact you paid $250,000 so you have to pay 5% of that $1 million gross as well. We are talking about assets that not LIQUID meaning you then must sell things to pay the tax. This is how they destroy farmers. The inheritance tax forced the sale of land to pay the tax ultimately leading to big corporate farming.

So you wanted to know how to destroy an economy as fast as possible? All you have to do is impose a WEALTH TAX and watch what happens! You can double your money in the stock market, they want 5% to the total gross value. They could easily tax you on the maximum value of Bitcoin holdings during a given period. Do not count on any federal judge ruling in your favor. That will NEVER happen!

So this is just another nail in the coffin of the West and why China will emerge as the #1 world economy. The LEFT will destroy everything – it always ends up that way. That is neither my opinion nor a conspiracy theory. It is just history. The policies of the LEFT are prohibited by the Ten Commandments. Not only does this violate the freedom of religion, the same prohibition appears in other legal codes from ancient times proving that it was prohibited for good reason.

Been There, Done That


Armstrong Economics Blog/Forecasts RE-Posted Jun 15, 2021 by Martin Armstrong

QUESTION: Are you familiar with that studies of pundits have shown that their forecasts are no better than chance. You seem to be in the category of what those studies at Penn University by Philip Tetlock called “superforecasters”. Would you care to comment on how you are right so often when others never are?

UT

ANSWER: I am not familiar with those studies on forecasting but it makes sense. The vast majority of forecasting is nothing more than opinion. That is why they are rarely correct. Even Barron’s took a shot at me because in 2010, the forecast was that we were entering a bull market with new highs on the horizon following the crash of 2007-2009. Of course, Barron’s never wrote another piece to say the forecast was correct. Barron’s acknowledged I had forecast the 1987 Crash. But they never reviewed everything.

The press likes pundits to talk opinion. They are not really interested in forecasting. If they were, they would do a serious article on all our forecasts concerning the methodology that has been correct for a single reason — history repeats. Socrates puts the entire world together and maps out the capital flows. Just follow the money — that will mean you will be far more correct than sticking your finger in the air to judge the direction of the wind.

Stone Age Grave

History repeats because human nature never changes throughout the millennium. We are a species that will never change because human nature remains the same since the dawn of time. There are Stone Age graves with people buried with dignity. The most amazing find so far of a Stone Age grave was of a female and two children hugging each other. They were carefully arranged in this position. This strongly indicated they had spiritual beliefs and cared for their dead, but most of all, it showed love.

Throughout millennia, people before recorded history showed how that they cared for one another. They also showed a consistent belief in the hereafter. There are even dozens of burials in the southwestern Siberian village of Staryi Tartas, where human remains were positioned in pairs facing each other. The rare couple burials are among 600 graves dating to between the 17th and 14th centuries BC from the Bronze Age Andronovo culture. Even in the Stone Age, there was respect for the dead shows love existed then as it does today among our species.

This respect has been a tradition in human communities that appears from the very beginning. But Socrates cannot answer that question. It can show the correlations with religions and demonstrate the similarities of cultures around a central belief system. It cannot confirm or deny the existence of an afterlife. That becomes opinion.

Human nature endures. We travel through time, and technology progresses with our knowledge. However, emotionally we remain very much the same. Society MUST move through these crash and burn periods. It is how we progress through history. We learn only through our mistakes — never our victories.

Therefore, the correct forecasts are not because of my personal opinion or some guess. Everything is based upon history and what that reveals is straightforward. Given the same circumstance, human nature will ALWAYS respond in the same manner, like an animal cornered will stand and fight even if it is a possum that normally plays dead. The future becomes understandable ONLY when you understand the past.