The Cloward-Piven Strategy

Aemstrong Economics Blog/Civil Unrest Re-Posted Jun 6, 2023 by Martin Armstrong

COMMENT: Your reporting on the Red Cross and other organizations that facilitate the mass importation of illegals into America is well done. But its purpose is about more than just a move to import a bunch of Biden voters to help secure a second term.
Are you aware of the Cloward and Piven strategy? These were two communist professors who devised a plan to take down the capitalist structure of the United States through mass illegal migration that overwhelms U.S. social safety net programs and local governments. It is an intentional plan to collapse the U.S. and bring in a new (global) regime that will issue ‘guaranteed basic income’ to all.
I’ve never seen you comment on Cloward and Piven, would you care to share whether Socrates shows their plan will be successful?


The four steps of the Cloward-Piven Strategy:
1. Overload and Break the Welfare System
2. Have Chaos Ensue
3. Take Control in the Chaos
4. Implement Socialism and Communism through Government Force

Overburden the bureaucracy to break the system, create controlled chaos, usurp power as civil unrest peaks, and offer government aid as the only solution. This was the basis behind the Cloward-Piven strategy created by sociologists Frances Fox Piven and her husband, Richard Cloward. The couple published their theory in The Nation Magazine on May 2, 1966, entitled “The Weight of the Poor: A Strategy to End Poverty.”

This was a decade of political activism in America. The war in Vietnam was raging on and the alternative hippie lifestyle became prominent as people protested the violence. The Black Freedom Movement and the push for equal civil rights had peaked and helped to end the Jim Crow laws in the South by 1965. The LA race riots, also known as the Watts Rebellion, occurred in 1965 as well after the police beat a black man who was arrested for a DUI. That particular riot lasted for six days and led to 34 deaths, 1,032 injuries, and over 3,000 arrests. This began a string of riots in America where black Americans and supporters clashed with police, similar to the events that occurred after the death of George Floyd that started the Black Lives Matter movement.

We had major political activists such as Martin Luther King Jr. making real change in America. The intelligence agencies had a close eye on him, and his death in 1968 is a topic for another post. On the other side were the likes of Malcom X, who originally did not advocate for peace as King did. The cohesive movement fell apart with mass unrest and no one at the helm. The movement began with African Americans asking for basic human rights and understandable anger. The purpose of the movement, again similar to BLM, became lost, and the government aimed to use the civil unrest to its advantage.

“[T]he strategy we propose, is a massive drive to recruit the poor onto the welfare rolls,” the sociologists wrote in their theory. This theory aimed to overburden social programs at the state level to give the federal government the power to control the people.

“Widespread campaigns to register the eligible poor for welfare aid, and to help existing recipients obtain their full benefits, would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments. These disruptions would generate severe political strains, and deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the white working-class ethnic groups and the growing minority poor.”

Cloward and Piven noted that civil unrest was necessary to create change and encouraged the government to antagonize the masses. “The poor are most visible and proximate in the local community; antagonism toward them (and toward the agencies which are implicated with them) has always, therefore, been more intense locally than at the federal level.” As the anger brews and protests erupt, the government will lasso in the masses, acted as both the hero and the villain.

“In order to generate a crisis, the poor must obtain benefits, which they have forfeited. Until now, they have been inhibited from asserting claims by self-protective devices within the welfare system: its capacity to limit information, to intimidate applicants, to demoralize recipients, and arbitrarily to deny lawful claims.”

Tell the people that they are victims and instill a sense of entitlement for their neighbor’s assets. Remind the people consistently that they are oppressed and only an equal distribution of wealth can save them from the confines of poverty. Cloward and Piven insisted that hard work could not “elevate the poor en-mass from poverty.”

“The ultimate objective of this strategy–to wipe out poverty by establishing a guaranteed annual income,” the theory clearly stated. The theory stated that the creation of unions was a good start to bargain collectively, but still not enough to solve poverty. “Union leaders have understood that their strength derives almost entirely from their capacity to provide economic rewards to members,” the theory noted. “A federal program of income redistribution has become necessary to elevate the poor en masse from poverty,” meaning a shift away from capitalism entirely.

Cloward and Piven stated that a minimum standard of living must be provided to the people through federal welfare. That right must be guaranteed to end oppression, thereby ensuring Guaranteed Basic Income. Furthermore, there could be no conditions for benefits as it “results in violations of civil liberties.” Therefore, expecting able-bodied people to work would be an attack on the welfare system. The sociologists insisted that most people were in fact eligible for welfare and encouraged the government to advertise in brochures, schools, stores, churches, civic centers, and public housing projects. They even advised the government to send people door-to-door to explain to people that they are oppressed and deserving of GBI as a “civil education drive will lend it legitimacy.”

“As the crisis develops, it will be important to use the mass media to inform the broader liberal community about the inefficiencies and injustices of welfare.” To succeed, the shift away from capitalism required “mass influence” and “publicly visible disruption.” “Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest, which either generate institutional disruption or bring unrecognizable eruption to public attention.”

The bigger the crisis, the more power the government could usurp. They noted that politicians paid attention to massive uprisings, and they had been used to “reinforce the allegiance of growing ghetto constituencies to the national Democratic Administration.” The sociologists noted that the Conservative Republicans would decry a public welfare system and that the Democrats needed to appeal to the emotions of the people over logic. They also urged for “a coalition between poor whites and poor Negroes” to turn the race war into class warfare.

“Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.” Cloward and Piven wanted to overburden the welfare system at the state level to eliminate state rights. Therefore, under this theory, government is encouraged to market a crisis, antagonize the people, and offer a solution. The only solution being to replace capitalism with socialism or communism by which the people would be entirely dependent on government. You will own nothing and be happy.

Byron Donalds and Chip Roy Are Furious About McCarthy Debt Ceiling Deal – House Freedom Caucus Says “NO”!

Posted originally on the CTH on May 30, 2023 | Sundance 

As details begin to emerge, many of the House Republicans are furious at Kevin McCarthy for the deal to lift the debt ceiling he has brokered with Joe Biden.

Suddenly, the prior battle and construct of the House Rules Committee is becoming important.   While Kevin McCarthy may have the 218 votes on the floor of the House to pass the deal, he first has to get it out of the House Rules Committee (HRC).  If three Republicans oppose it in the HRC, McCarthy cannot get it to the floor.  Chip Roy and Ralph Norman are on the HRC and oppose the bill.   Thomas Massie is also on the HRC but appears to be supporting Kevin McCarthy (lol, because muh principles).

Byron Donalds also delivered a strong rebuke of the McCarthy deal, as outlined below:

WASHINGTON DC – […] The powerful House Rules Committee will spend Tuesday afternoon debating and — ultimately working to pass — the bipartisan debt deal, requiring a simple majority of at least seven votes on the panel to come to the floor. But some conservatives, including Rep. Chip Roy (R-Texas), a committee member, have signaled they may use their power on that panel to block the debt plan from receiving a full House vote.

“I’m going to do what’s in the best interest and this bill is not in the best interest of the country. That is why Democrats are voting for it,” said Rep. Ralph Norman (R-S.C.), another conservative who sits on the Rules panel and has suggested he will oppose the bill during the panel’s meeting.

[…] Under the panel’s current makeup, Rules Chair Tom Cole (R-Okla.) can lose two GOP votes — along with all four Democratic votes — and still advance the bill.

Senior Republicans believe that’s exactly what’s going to happen, according to three people familiar with the discussions. Norman and Roy haven’t explicitly said they will oppose, though Massie is expected to vote in support of the measure going to the floor.

GOP Whip Tom Emmer (R-Minn.) said that he is “confident” that the bill will hit the floor on Wednesday, noting that Rules would be considering amendments. Members submitted more than 55 amendments to the debt deal, most of them from Republicans but some from Democrats as well. (read more)

Rep Dan Bishop: The bill is bad

Interview: The Real Rate of Inflation

Armstrong Economics Blog/Armstrong in the Media Re-Posted May 13, 2023 by Martin Armstrong

You are NOT Alone

May 19, 2023 | Sundance 

You are NOT alone!…

It might, heck, -check that- it does seem overwhelming at times.  But that is the nature of this collectivist strategy.  That is the purpose of this bombardment.  We must hold strong and push back against the lies and manipulations.  If you look closely at the attack, it is weak and much of it is psychological bait.  Do not fall into the trap of despair.

When I share the message “live your best life”, it is not without purpose.  Every moment that we allow the onslaught to deter us from living our dreams, is a moment those who oppose our nation view as us taking a knee.  Do not allow this effort to succeed.  You might ask yourself how I can, one person, a flea looking into a furnace, retain an optimistic disposition while all around me seems chaotic and mad.

Simple answer, it’s your choice.  Two wolves fight – one filled with despondency, isolation, despair and dark imaginings; the other filled with faith, something bigger, unrelenting hope, focus and driven to remain connected. Which wolf will win?  The one you feed.

The feeling of isolation begins first with a rejection of God…  If you want to shake it, reconnect.

Shake it off. “Get up, get back on your feet, you are the one they can’t beat, and you know it.” WATCH:

The point?  It ‘seems’ chaotic and mad because it has been created to appear that way.  There are more of us than them; they just control the systems that allow us to connect, share messages and recognize the scale of our assembly.

And here we are… divided by a network of seemingly intoxicating systems; many purposefully driven by the modern dynamic of social media, steering a tribal outcome we are only now just beginning to fathom.

Ultimately the collective weight of progressive leftism is putting us is isolation. There are many historic references to this disconcerting sentiment to review with hindsight. However, ultimately the feeling of isolation first begins with a rejection of God.  Defeat it by embracing Him.

In/around July 2020 it was obvious in my travels we were on the precipice of a disconnect from human interaction that would numb our psyche to what ultimately matters, fellowship.

Not only are various governmental agencies forcing the separation of people from their community networks, we were also seeing faith-based organizations, churches, buying into the fear.

Even in areas where churches were not forcibly shut down, we saw a structural shift where some faith leaders were willingly ostracizing their community under the guise of various medical, social and cultural alarms.

This is not good…. not good at all.

Fellowship is the essential ingredient to a purposeful life. How and why we interact with each-other is how and why we recharge our core humanity.

To see faith leaders willing to separate from the function of fellowship was alarming. However, as individuals we must not allow this foreboding sense to become the normal expectation.

Our nation needs more people like you, right now. Don’t wait… engage life, get optimistic however you need to do it. Then let that part of you shine right now… This is how we fight. Hold up that flag; give the starter smile… rally to the standard you create and spread fellowship again.

Throughout history large armies have been defeated through the process of division. It is not a leap to see the same strategic objectives being deployed against social assemblies including congregations. It is puzzling how many in leadership cannot see the danger in social and spiritual distance when the bond of fellowship is needed more than ever.

Each of us has a different connection to our community. Each of us has a different level of internal strength… such is the nature of living. However, the distance between people is manifestly not a good outcome when combined with the lack of food for the soul.

The influence of social media is already troublesome, physically distancing from human engagement only worsens the impact. There is no digital replacement for the true fellowship of humanity on a personal level.

Ultimately it is the currency of human connection that is the true value in our lives.

We have each felt how our positive influence upon the lives of others nourishes our own sense of purpose and fulfillment… Do not lose that. Do not think you can compensate for that through other arbitrary measures; you cannot.

With local, state and federal leaders moving increasingly toward self-interest; with disconnected workplaces creating social distance; with faith-based leaders unfocused on the value of fellowship; and now government entering your home to tell you the importance of separating yourself from your family we must dispatch these arbitrary decrees very deliberately.

Perhaps we are in this position today because we didn’t sit still enough and contemplate the real priorities in our lives.  Fellowship is the essential ingredient to a purposeful life.

I will not divide my humanity, nor concede my core view of fellowship, simply to comply with the demand of another that I consider my brother or sister of greater or less value than myself.  Any system that seeks to steer my path will not benefit from my participation.  I choose freedom!

My f**king choice…

Our Liberty is inherent.

Our freedom is inherent.

The removal of both requires consent.

I choose not to disconnect.

I choose purpose.

I choose my own humanity.

I believe in a generous loving God.

My faith stands.

Whatever it takes.

I’m going back into the battle, refreshed, renewed, rearmed and restored….  No weapon formed against us will prosper!

Love to all,

~ Sundance

It was a coup d’ ètat… and Trump caught them all

April Home Prices Reflect Largest Year-Over-Year Drop in Decade, April Prices Drop 1.7%, Decline 23.2% from Prior Year

Posted originally on the CTH on May 18, 2023 | Sundance 

Homeowner equity is being erased. As higher interest rates continue to put pressure on borrowers, the ability of the average person to afford a mortgage diminishes.  Higher mortgage rates lead to downward pressure on residential home values as fewer borrowers can afford higher payments.  Simultaneously, commercial real estate is dropping in value as vacancies continue increasing.

Put both of these issues together and already tenuous banks holding mortgage bonds as assets can become more unstable.

This dynamic creates the continual tremors in the background of an economy already suffering from high inflation and low consumer purchasing of durable goods.

A perfect storm starts to realize.

(Wall Street Journal) – Sales of previously owned homes fell in April from the prior month and prices declined from a year earlier by the most in more than 11 years.

U.S. existing home sales, which make up most of the housing market, fell 3.4% in April from the prior month to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. April sales fell 23.2% from a year earlier.

The national median existing-home price fell 1.7% in April from a year earlier to $388,800, the biggest year-over-year price decline since January 2012, NAR said. Median prices, which aren’t seasonally adjusted, were down 6% from a record $413,800 in June. Home prices have fallen the most in the western half of the U.S., while prices continue to rise from a year earlier in many eastern markets. (read more) 

Before looking at today’s graph showing median existing home values, remember me saying this in 2021?:

“I said in June, at a macro level home prices had reached their peak (last two weeks of May, first two weeks of June was apex).  Obviously, there are some geographic home value increases still happening as COVID related regional issues and work opportunities are shifting populations.  There is also a lag and ripple effect that takes time to work through the economy.  The macro-apex will not be visible until next year.”

When I said that in 2021, people said I was wrong.   Well, with hindsight now visible within the data as it is reflected, look at the result:

May and June 2021 was the peak of year-over-year percent of change in median home value increases.

So, what was going on?

As CTH outlined in 2022:  If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident.   Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).

As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard, etc) was moved into hard assets with tangible value.

This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations.  CTH was writing about this in 2021, and sounding alarms as it took place.  25% of all real estate purchases were being made by institutional investors.

We The People got screwed. 

The dynamic was predictable.  The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation.  CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.

Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages.  It was entirely self-created by western governmental policy – the collective ‘Build Back Better’ agenda.  You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.

We the People were yet again going to be victims of specifically intended monetary, regulatory, energy and economic policy.

The investment class rulers of the WEF assembly shifted assets to avoid the pain that we would feel.   We “would own nothing and be happy,” and their shifts would position them to own everything and be in control.

Overall govt spending and regulatory controls drove inflation for these past two years.  The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this.  Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation – not demand side.

Energy policy was/is crushing the consumer by driving up the cost of all goods and services.  To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates.  Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.

In short, the goal was/is to lower energy consumption by shrinking the economic activity.  This, according to the BBB plan, was needed at the same time as energy development was reduced.  These economic outcomes are not organic, they are all being controlled by collective western government agreement.

Within this control dynamic, there was always going to be a point where the reaction of the people to their economic reality means the financial control elements need to shift direction.  They will always maximize profit and minimized risk, while knowing what the larger objective remains.

Just like every other durable good, housing demand contracts as prices and costs become unaffordable.  The loss of equity within your home is damaging to your own value or ability to borrow against it.

From the perspective of an institutional asset, that same equity drop is an investment loss.  However, the investment loss is not materialized until the sale of the lower valued asset is completed.  Retaining declining real estate on investment books creates an artificially high appearance of the investment result; unless and until the real estate is sold at a diminished value.

As mortgage rates rise, just as a consumer would pull back from the housing market, so too will institutional investment groups now control the slow dumping of the asset to remove the equity they pumped into it.  Much of the investment housing will be retained as rental housing, with the monthly rents being part of the returns on the investments.    However, as this dynamic unfolds, further investment purchases of houses stop, because the asset overall is declining in value.  This halt of investment activity also worsens a steeper drop in home values.

The 14th Amendment & the Destruction of the United States

Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted May 10, 2023 by Martin Armstrong

Interpretation of the Constitution is often caught up in controversy. What is beautiful to one person is average or ugly to another. The best construction regarding law was the cornerstone of Justice Scalia who I regard as probably one of the most brilliant minds that ever sat on the bench. Of course, the left will send me hate mail on that one because they did not like the outcome. But Scalia held to what is known as Strict Construction which requires a judge to apply the text only as it is written. Once the court has a clear meaning of the text, no further investigation is required.

I will give you an example of the “liberal” wing and how they want to interpret the Constitution. They cannot even define what is a WOMAN anymore. I am waiting for them to declare the LGBQT have been so disadvantaged, that they will be exempt from also paying taxes since they are exempt from all social regulations. Since I like women, then I should “identify” as a Lesbian and enjoy all sorts of protection and be exempt from taxation.

This entire WOKE agenda has gone nuts. Just because some guy has a sex change does not justify changing all the definitions of everything and changing all social norms. Women’s sports have been completely destroyed.  What about the girls that hoped to break records and win scholarships? Nothing works anymore. Just because a guy changes his sex does not make him a woman who can have biological children which is different from carrying a child because they now have a uterus. There is still a difference! Why must a woman surrender her identity? The simple solution was there are males and females, and in Thailand, the transgenders simply identify as a ladyboy.

This is precisely the same irrational interpretation they are using to justify the 14th Amendment which will destroy everything and this is far more serious than just suspending debt payments. By invoking this 14th Amendment, there will never be a debt ceiling and then you will have runaway inflation, taxation, and a complete breakdown in all liberty. The executive can then use executive orders to deny Congress even the opportunity to vote on any spending. The head of the EU did that to buy 3 times the number of vaccines from Pfizer than the population of Europe. And Ukraine put out the propaganda that they are fighting to preserve democracy yet refuse to honor the Minsk Agreement to allow the Donbas to vote! Our Western governments have killed democracy long ago and executive order circumvents everything – it is the tool of choice for dictators.

To illustrate the constitutional crisis, Garrett Epps, who was a professor of law at the University of Baltimore until his retirement in June 2020, wrote back on November 22, 2022, claiming that the Constitution’s text bars the federal government from defaulting on the debt  “even a little, even for a short while.” Epps claims that “[t]here’s a case to be made that if Congress decides to default on the debt, the president has the power and the obligation to pay it without congressional permission, even if that requires borrowing more money to do so.” I tried really hard to follow his legal argument and I could not with any Strict  Construction InterpretationQuite frankly, he also probably cannot define what is a woman either.

The “Intent” behind the 14th Amendment has nothing to do with this argument of default. Britain suspended the gold standard and declared a moratorium on debt during the Great Depression – they resumed. The City of Detroit suspended its debt payments in 1937 and resumed in 1963. Yet people insist there was no default. What is the definition of “default”? That traditionally means the abandonment of all obligations on a permanent basis. There is NOTHING in the statutory construction nor in the Constitution that would bar a “suspension” of debt payments. Ukraine suspended its debt until the US paid everything for them so they did not default.

Looking at the 14th Amendment, Section 4 provides that “the validity of the public debt of the United States … shall not be questioned.” The “intent” of that was that the debt incurred by the North was to be the national debt and the Confederate States would not question having to pay those debts. But it continued and made it clear that it would not honor any debts incurred by the Confederate States to fund their side of the war.

In order to understand what this means, we must turn to Statutory Construction which begins by FIRST looking at the plain language of the Amendment to determine its original intent. We must look at the words to determine the original intent and apply their usual and ordinary meanings. If after looking at the language and the meaning remains unclear, then we must attempt to ascertain what was the intent of the legislature by looking at legislative history and other related sources. Normally, a court must not create an interpretation that would create an absurd result that would be counter to the original Legislature’s intent.

Epps claims that “Shall not be questioned” doesn’t mean “shall be paid most of the time unless you can score political points against the other party by not paying it.” That is creating an absurd result and opening the door to the total collapse of the United States. Article I, Section 8 is pretty clear that borrowing and repaying indebtedness are congressional, not executive, powers! Article I would be nullified if the 14th Amendment granted the power to the president to spend as he wants and to pay all debts when that is expressly the power of Congress.

Now we turn to 31 USC §3101 which some try to claim is UNCONSTITUTIONAL and therefore there should be no debt limit. Up to now, this statute has proved to be a good tool for forcing budgetary reform aimed at debt reduction.

The statute was passed in 1982 and became law. The ORIGINAL intent was to do precisely what it has been used for. The only grounds for it to be unconstitutional is if Congress did not have the power to limit the debt. Looking at Article I, this entire argument that Biden can just pay debt and spend without the approval of Congress is the death knell to the Constitution. This is a direct assault upon the separation of powers between the President (Executive branch) and Congress. Since Article I delegates all questions of debt to Congress, I cannot rationally see where Congress lacked the power to curtail the debt when that was the original intent as well.

The ONLY person who wants those provisions to be UNCONSTITUTIONAL so they can spend whatever is left-wing and they have ZERO intention of EVER paying off the national debt. This is really a fraud on their part because you borrow with only the intent to repay the debt. Lacking that, their actions are totally UNCONSTITUTIONAL and a fraud upon the people of the United States and the world.

The Largest Landlord in the US

Armstrong Economics Blog/Real Estate Re-Posted May 10, 2023 by Martin Armstrong

Anyone familiar with the housing market conditions post-pandemic knows that cash buyers and institutions consistently outbid the average buyer. I know a realtor who has spoken primarily to consultants working on behalf of companies, and they’re willing to purchase properties over-market on a consistent basis. They know they can buy these properties and rent them out for a fraction of what they paid because they have the liquidity to do so. Currently, BlackRock is the largest landlord in America, with over $120 billion in residential real estate.

BlackRock has invested significantly in mortgage securities since the pandemic. The company insists that they are not purchasing single-family homes, meaning they’re not flipping homes to resell. “Our focus is on building single-family rental housing that can be managed and operated similar to multifamily properties with dedicated property management, leasing and amenities,” the company’s website states. “Additionally, BlackRock invests in multifamily properties, apartment complexes, and other residential real estate.”

The goal is to own as much land as possible so that the people can become perpetual renters. BlackRock also is part of the World Economic Forum and promises “sustainability” and “ESG integration,” and is a member of GRESB (formerly the Global Real Estate Sustainability Benchmark). GRESB is the global standard for providing and acquiring real estate and infrastructure in a sustainable way.

BlackRock noted that “displacement” from the pandemic and other economic downturns will provide a great investment opportunity. “In the near-term, we expect dislocation and opportunity, yet there is greater dispersion between markets and sectors with logistics of storage, high-quality residential, and data centers having emerged as clear winners, while hotel, retail, and student housing will likely face a longer road to recovery.” They’ve been on top of the downturn in real estate since the beginning. This is not limited to the US as they have investments and branches worldwide.

BlackRock is one of many institutions purchasing land and real estate at a rapid pace. Invitation Homes, a BlackRock investor, owns over 80,000 single-family rentals in the US alone. Again, the goal is to profit off of rental income. This is another reason inventory is at a historic low and will remain tight since most institutions do not plan to sell the real estate they have acquired.

New York State to Ban Gas Stoves

Armstrong Economics Blog/Climate Re-Posted May 8, 2023 by Martin Armstrong

New York approved a $229 billion budget plan laced with restrictions. New buildings under seven stories will be prohibited from using gas stoves by 2026, and taller buildings will face the same ban in 2029. There will be some exceptions for places like hospitals and restaurants, but newly constructed buildings will be forced to use electric.

This is the first ban of its kind at the state level. Berkeley, California, was the first US city to ban gas cooking in 2019. Other blue cities have followed suit and this will be the first of many restrictions they place on the people to combat naturally occurring climate change.

Senate Majority Leader Charles Schumer told the public in February 2023 that the idea of a ban on gas stoves was nothing more than a MAGA conspiracy theory. “At first you have to laugh at the ‘gas stove ban’ narrative being cooked up by the MAGA GOP,” Schumer stated. The Energy Department and the commissioner of the Consumer Product Safety Commission also denied the claims. Similar to Obama’s claim that you could keep your doctor, Democrats are claiming that you can keep your stove and this will only apply to new construction.

Ted Cruz and Joe Manchin attempted to pass the Gas Stove Protection and Freedom Act. “The federal government has no business telling American families how to cook their dinner,” Manchin said. “The last thing that would ever leave our house is the gas stove we cook on, and I will continue to fight any overreach by the Consumer Product Safety Commission.”

All of these small sacrifices will add up. They’re slowly implementing one restriction after the next so the public does not see what is happening.

The Great Reset King

Armstrong Economics Blog/Tyranny Re-Posted May 5, 2023 by Martin Armstrong

“There is a golden opportunity to seize something good from this crisis…global crises know no borders, and highlight how interdependent we are as one people sharing one planet,” the former Prince of Wales said during a World Economic Forum summit in January 2021. Ironic for the king of England to speak on an opportunity to “seize something.” This man has no idea what it means to live the life of a commoner and has riches beyond imagination, but he is asking US to sacrifice for THEM.

Charles has been one of the highest-profile global proponents for protecting the planet in recent decades, from writing books and making speeches about nature to working with business to mobilise private finance to combat global warming,” the WEF wrote on its website in September 2022. Charles spoke about “entire new markets based on sustainability” at the WEF meeting in 2020, and asked private industries to begin thinking about how they will transition to net zero emissions. “Sustainable” to these people means using fewer fossil fuels. Incredible how a man whose monarchy exudes opulence and luxury would tell the people to consume less.

The video above is from the WEF’s Davos meeting in 2020. “We have the ability to tag, track, and trace the supply chain in unprecedented ways,” the king commented. That means they also have the ability to tag, track, and trace you. “We cannot expect consumers to make sustainable choices,” he continued.

In 2019, the UK agreed to reach net zero carbon emissions by 2050. The elites began encouraging the people to consume less by traveling less often, eating less, and consuming less. The U.K.’s Climate Change Committee demanded that people eat 20% less meat by 2030, and then drop that down by an additional 15% over the next 20 years. They even discussed the possibility of carbon pricing to tax the people for existing. The people would be forced to pay for the losses businesses incurred after developing green initiatives.

The WEF has bought nearly everyone in a position of power. Do you think King Charles really cares about green initiatives, the environment, or the people in general? He would not last a day in the life of a commoner. Do you think the coronation this weekend will be sustainable by any means? The Great Reset is all about relinquishing all power to those at the very