Category End of Capitalism

Mar 22 2023

The Banking & Debt Crisis Continues


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 22, 2023 by Martin Armstrong

The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and buy long-term bonds all because they were making their money on the spread. Now that rates are rising, their risk management was effectively nonexistent, and thus the losses and widespread.

The Allianz subsidiary Pimco is one of the largest asset managers in the world. They have to now write off a loss in Credit Suisse bonds and it’s ain’t over yet as we head into April 10th.

Mar 14 2023

Toxic Currencies – Good for the Yuan


Armstrong Economics Blog/China Re-Posted Mar 14, 2023 by Martin Armstrong

The Chinese yuan has out-traded the US dollar by volume for one of the first times in recent Russian history. The dollar was king in 1991 when the Soviet Union collapsed, but that is no longer the case after Moscow branded the dollar a “toxic currency” along with the euro. Toxic currencies accounted for 87% of exports from Russia at the beginning of 2022, but this figure fell to 48% by the start of the new year. The Bank of Russia has reported that the proportion of USD/ruble pair in exchange fell to only 36% in February. The central bank is calling this a “broad structural transformation of the Russian economy.”

As “unfriendly countries” and their “toxic currencies” band together, those on the outskirts are winning. China has become the new go-to country for new trade partnerships as it bypasses Western-imposed sanctions. Toxic currencies represented 46% of imports in December 2022 but were at 65% in January 2022 before the war. In contrast, the yuan’s share rose from 4% to 23% during that time.

Those who were previously shunned from the big table are now pulling up a chair to discuss economic prospects with China. This will make it much easier to phase out toxic currencies because more people are willing to accept the yuan. The confidence in the yuan is growing. Everything occurring may seem odd, but it is precisely on target. As I mentioned in my report “China on the Rise,” China will dethrone the United States to become the world’s leading economic powerhouse by 2032. It’s just time.

Mar 9 2023

Tucker Carlson Defends Himself Against DC Attacks – “We are learning who the liars are”…


Posted originally on the CTH on March 9, 2023 | Sundance

Tucker Carlson has been under blistering attacks from the administrative state in Washington DC, the professional media, Democrats and Republicans in congress as well as the agencies of the FBI, DHS and DOJ.  {Direct Rumble Link Here}

Mr. Carlson responded again tonight to the vitriol from the apparatus of government for his airing of the January 6th CCTV tapes and the fallout from the sunlight.  Extensive segment as aired – WATCH:


Feb 24 2023

Markets & War


Armstrong Economics Blog/Capital Flow Re-Posted Feb 24, 2023 by Martin Armstrong

The financial markets had become integrated globally prior to World War I. It was the globalization and openness of world financial markets that became the problem and are important to understand for we will face the same problem today. The capital was free to flow from one country to another before World War I.  All the major countries of the world were on the Gold Standard at that point in time so exchange rates were not as volatile.

We can easily see that the currency market was very stable pre-1914 looking at the French Franc. Keep in mind that this was also a period of fiscal responsibility – pre-Socialism and Marx. Therefore, governments practiced balance budgets to retain confidence in their currencies. That enabled the gold standard to function. Furthermore, any differences in exchange rates were arbitraged. That is how the United States went into crisis in 1896 because the Democrats were inflating the system by overvaluing silver at 16:1 compared to 15:1 in Europe. That resulted in gold fleeing the United States and silver pouring in from international arbitrage.

There was also a viable arbitrage that took place trading the spreads between international bonds listed on the various world stock exchanges. Many countries would issue bonds in British pounds just as they do in dollars today to sell more to the investors in the financial capital of the world, which was London at that point in time.

A country such as China or Russia would issue a bond that was listed on the stock exchanges in London, New York, Paris, Berlin, Amsterdam as well as St. Petersburg in Russia. Here is a Chinese bond issued in British pounds in 1913 paying 5%. The differences in exchange rates, which would still fluctuate marginally, would be arbitraged by buying and selling bonds in different markets.

Consequently, during World War I, there was a global marketplace. In effect, this integration of markets presented a problem when the war hit. Capital could flee from one country to the next and thus the method to deal with the capital flows was to close the stock markets. The United States also closed the market in sympathy with Europe.

We will be taking a closer look at the various global markets. What you can count on is clearly CAPITAL CONTROLS. It would be best for those in Asia and Europe to have some capital tucked away in the United States. Once bullets start shooting, it will most likely be too late to move money.

Keep an eye on our Capital Flow tracking. This may become very critical in the months ahead.

Feb 16 2023

JFK, Nixon & Trump


Armstrong Economics Blog/Conspiracy Re-Posted Feb 16, 2023 by Martin Armstrong

Despite the hatred that many pour all over Trump, they really should stop and think for a moment, that they have been subjected to brainwashing. I have stated before that I was invited to a dinner in March of 2020 at Mara largo where I was actually impressed by then-President Trump. He said he wanted to bring the troops home from Afghanistan because he was sick and tired of having to write letters to the parents of solider’s killed over there. He bluntly stated that he had no idea why were there. They were fighting over borders for 1,000 years. “What difference will we make?”

There is a common thread between JFK, Richard Nixon, and Donald Trump – all three stood against the Deep State. The first was assassinated, the second was set up with CIA operatives getting “caught” breaking ton the Watergate building, and the third was probably removed from office by rigged elections and now desperately trying to accuse him of anything to prevent him from running against in 2024.

John Bolton was against withdrawing troops from Afghanistan. Bolton has been a hardnosed Neocon and then lied to the people not disclosing that Trump had a whole team to figure out how to exit Afghanistan that Biden dismissed and then claimed the same end result would have happened under Donald Trump. I really do not know how these people can look at themselves in the mirror.

JFK and Trump were both against war. Both were conveniently removed from office. In the case of Kennedy, they put forth Oswald and linked him to Russia, but then conveniently had him assassinated to prevent any trial when today everyone knows that the CIA was behind it. The recent tapes have revealed that Richard Nixon bluntly said to the head of the CIA, I know who killed John. The CIA used Watergate to discredit Nixon and drive him from office also because he wanted to end the Vietnam War and understood the CIA’s role.

Then Trump wanted to exist in Afghanistan. But Iran shot down an unmanned drone and Bolton wanted Trump to launch an attack on Iran. Trump refused to retaliate for an unmanned drone. The CIA asked Trump to extend the deadline for their release of the Kenndy assassination files until after the election. He agreed, and they knew Trump would lose the election. Biden then granted them the right to withhold the most critical files that expose the real source – the CIA.

The Deep Stated wanted to kill Americans and blame Cuba to justify an invasion. Kennedy rejected that proposal. This, he had to go. How dare he think he can tell the Deep State what to do!

All three presidents posed a serious threat to the Deep State. Forget the hatred of Trump that they have drummed into the heads of so many. Open your eyes. This is biggest that Trump and your hatred blinds you to what is really going on.

Feb 13 2023

The Coming War


Armstrong Economics Blog/War Re-Posted Feb 13, 2023 by Martin Armstrong

COMMENT:

Hi Marty,

As it appears the US is marching toward war, what is notable this time, unlike what happened in the run-up to US participation in WW2, was the sense of isolationism in this country. Roosevelt was clearly walking a fine line, knowing there was no stomach for US involvement in Europe. US involvement in WW1 also started out similarly with many in the US, in particular those of Irish descent who opposed helping the British in their battle in Europe. Wilson, another Democrat, also walked the straight and narrow, professing neutrality which history shows was a lie. Later, his 14 points, the forerunner to an imposed peace on Germany, would backfire. The League of Nations would die off.

But today, unlike the prior two world wars, both democrats and republicans appear to embrace an escalation in conflict. And with an old, decrepit mannequin in the WH, it looks like there’s nothing stopping this push toward war. Republicans especially are a total disgrace. They stabbed Trump in the back repeatedly or let him twist in the wind for 4 years and for the first two when they were the majority party…did little to show their one chance to lead. Trump did more for peace than any president since Kennedy. Trump at least tried to engage Xie, met with the North Korean leader and focused more on building up the US domestic economy. He tore up US participation in these climate pacts. He focused on building the wall to stem the flow of illegals crossing the border. Her met with the Mexican president and forced his counterpart to accept an arrangement that kept illegals inside Mexico pending and petitions later to the US government for entry based on their applications.  And for all this, he was the target for a fraud based on collusion to get elected with Russian help. Which turned out to be baseless. Later, he was implicated in the Jan 6 insurrection…courtesy of both parties. Which itself was a total fabrication.

Both Dems and R’s are now marching lockstep toward war. It’s no wonder public opinion toward the government is sinking to all-time lows. In both parties. Both of which will be swept away in the years ahead for betraying this country on so many levels.

MS

REPLY: Hillary, started this whole mess by launching the fake dossier and blaming Putin for interring in the election. She managed to convince 70% of Democrats that Russia was the enemy. RussiaGate, despite being discredited, set in motion this hatred for Russia. Still, 65% of Americans support Ukraine when in fact what they are doing is relying on a border drawn by Kruschev for administrative purposes and demanding that the Donbas is their territory when NEVER for even a single day have Ukrainian people ever been the majority in that region. This is a land grab and nothing more that is engulfing the entire world all because our idiot politicians want to destroy the world economy so they can blame it on war and default on all the debt.

I get hate mail and death threats from Ukrainian Nazis pretty regularly now. This only shows that we are historically on the wrong side. In WWII, we fought against the Nazo movement. This time, we support ethnic cleansing.

Americans fled here to escape the political chaos and warmongering in Europe. So when WWI and WWII took place, the American people saw no reason to go support a political movement that they had fled. Indeed, FDR’ solemn campaign promise was no boys would be sent to fight in a foreign war. That is why he did everything possible to get Japan to attack Pearl Harbor for that was the ONLY way to overcome the anti-war position of Americans. They have done the same to get Russia to act to protect the Donbas from the Ukrainians who began the civil war.

FDR repeated that solemn promise in Boston which was predominantly Irish. They refused to defend Britain openly recalling what the English did to the Irish. That was why FDR needed Japan to attack Pearl Harbor. Today, they needed Russia to launch its special operation which was absolutely legal under the United Nations Rules for he was protecting the Donbas, not seeking to conquer Ukraine.

All of those memories of past wars are long gone. Today, we cheer on war because we think it will be like watching Iraq on CNN after nightly dinner. As they say:

Feb 13 2023

Head’s Up, State Dept Operative and USAID Administrator Samantha Power is in Hungary, Seeding Another Color Revolution – Deep State Ukraine 2.0


Posted originally on the CTH on February 12, 2023 | Sundance

Hungary has been in the crosshairs of the Biden/Obama administration ever since Prime Minister Viktor Orban refused to align with the WEF Western Democracies in their quest for regime change in Russia.  As the NATO led western alliance assembled to use Ukraine as a proxy war against Russia, Hungarian Prime Minister Orban would not join.

In early April 2022, Hungarian Prime Minister Viktor Orban was overwhelmingly reelected {LINK}, despite the massive efforts against him by the European Union, western and euro-centric multinational globalists.   As a result of the victory, Brussels was furious at the Hungarian people.  Associated Press – […] “Orban — a fierce critic of immigration, LGBTQ rights and “EU bureaucrats” — has garnered the admiration of right-wing nationalists across Europe and North America.” (link)

Within the statements reported from his 2022 victory speech, Prime Minister Orban warned citizens of the NATO and western allied countries about the manipulation of Ukraine and how he views the Zelenskyy regime:  […] “while speaking to supporters on Sunday, Orban singled out Zelenskyy as part of the “overwhelming force” that he said his party had struggled against in the election — “the left at home, the international left, the Brussels bureaucrats, the Soros empire with all its money, the international mainstream media, and in the end, even the Ukrainian president.” (link)

This put Hungarian Prime Minister Viktor Orban in the crosshairs of the western alliance, specifically the EU and U.S. bureaucrats who use their power, position and intelligence apparatus to manipulate foreign nations.  A year later and now we see USAID Administrator Samantha Power in Hungary openly discussing her seeding of the NGO’s and political activist systems in order to generate yet another color revolution. {Direct Rumble Link} – WATCH:

USAID in Hungary

Samantha Power, the wife of Cass Sunstein, is well known as the Obama/Biden administration’s advance operative who uses her position in U.S. government to influence activism in targeted nations. Hungary is now her target.

Why is eliminating Hungarian Prime Minister Viktor Orban now the goal of the Biden administration.  Well, a reminder:

♦ Hungary warned citizens of the west about the New World Order, created through Ukraine.

♦ Hungary continued to purchase Russian oil and natural gas.  Zelenskyy and the Western alliance were furious.

♦ Hungary said they would continue energy purchases in Rubles if that is what Russia demanded.

The World Economic Forum and NATO/Western Alliance cannot permit a nation to stand on principles of nationalism.  Allowing a point of contrast that would showcase the weakness of globalism and multiculturalism is something the western control system just cannot permit.

As a result, Samantha Power, the U.S. State Dept (USAID) and the CIA, are collectively running an operation in Hungary, seeding the groundwork for the next color revolution.

They don’t even try to hide this stuff anymore.

Just keep watching….  More will become visible, and our conversation will now have context for what comes next.

[FWIW, I always suspected S Power of being a CIA operative]