War & Capital Flows


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

COMMENT: Marty, I attended your coming out WEC in Philadelphia in 2011. Just about everyone I spoke with said the same thing. They all showed up to make sure it was really you and not some government stooge pretending to be you.

I must say, when you put up the war cycle, I thought it was interesting and everyone respected your work so we listened. At the time it was perhaps a curiosity and would be something we would watch on TV instead of the Oscars. Here we are. In the middle of this mess. I can now see how they used that tactic to demonize Trump to get Biden elected if he was really elected.

Now every person who voted for Biden has voted for World War III. They bought the hatred of Trump to remove him when he was like JFK and would never have agreed to war as you said when you went to dinner at Mara Largo. The recent tapes show that Nixon confronted the CIA for killing JFK. The very people who did the Watergate break-in were operatives for the CIA to make sure Nixon would be removed.

Our leaders really want war. I would never have thought your war model would predict that we would be the aggressor. Our government lies about everything. Why? Do they hate humanity that much?

GP

REPLY: I appreciate what you are saying. The Deep State has always had its agenda and it was always just about them. Never in my wildest dreams looking at these forecasts a decade ago did I ever contemplate that we would be the aggressor. The Neocons just want to annihilate every Russian. That is all they think about. That is why John McCain handed Hillary’s fake dossier to James Comey at the FBI. They were two Neocons and always wanted war with Russia. It was Hillary that conditioned the Democrats to think that Russia was the enemy and they rigged the election for Trump.

You see both Democrats and Republicans cheering war now. There is no stopping the warmongering. All we can do is prepare, and understand how the capital will shift as the arrays will give us the timing. This will enable us to position ourselves to make it to the other side of 2032. Fortunately, Socrates was constructed using the raw data to provide a picture of global capital flows.

That was why I was called in by the Brady Commission back in 1987 for as you can see, the G5 was taking the dollar down for trade by 40% and then foreign investors sell US assets for they will lose on the FX exchange. Those morons every understood capital flows or currency.

When again they were trying to talk the dollar down in 1997 for trade purposes, I warned them they would unleash another crash making the same mistake as before. They at least listened and backed off.

Depression Scrip – Coming to a Region Near You


Armstrong Economics Blog/Cryptocurrency Re-Posted Feb 15, 2023 by Martin Armstrong

QUESTION: At the WEC, you said as the nation breaks apart, the most likely course of action will be the creation of local currencies. You also said you would post a catalog of Depression Scrip. I have not seen that. Can you post that, please?

Thank you for a great WEC. Always learning something new.

GJ

ANSWER: Sorry. I may have forgotten to publish that because I searched Amazon and could not find it. It was published back in 1984. Because Depression Scrip is not a huge field of collectors largely because most have never heard of the existence of private currency during the Great Depression, this book is quite rare. You may find some used copies that go for $125 or more.

I have studied the subject from the standpoint of economics. During the reign of Tiberius (14-37AD), he was very frugal and as such there was a shortage of money which led to a Financial Panic in 33AD. During such periods, private money surfaces as a necessity. This is why history repeats because human nature never changes. It will always respond the same way.

Here is private money from the Panic of 1837. The denomination reads 12 1/2 cents. This was issued by a Coffee House. Here is a half-penny issued by the New York store of Macy’s in 1876 following the Panic of 1873.

Throughout history, we see the very same reaction each and every time. I have collected a large number of private currencies covering the various financial waves of panic since Roman times. It has been a critical part of being able to forecast what takes place during these events. The common denominator is always humanity since we never change for thousands of years. We only progress in terms of technology – not our human emotions.

Here is private scrip issued by the San Francisco Clearing House where transactions were settled in the bond and stock markets. The backing was the private shares in companies. This was the Panic of 1907.

Here is another issued in 1908 in Augusta, Georgia. It was the Panic of 1907 that really we began to see widespread stock exchanges issuing money that began because if there was a shortage of cash, you could not conduct any business whatsoever since it was impossible to pay.

Here is the Chicago Clearing House which issued private money during the Great Depression in 1933. We find various stock exchanges issuing private currency in times when there was a shortage of money because people were hoarding their cash in times of uncertainty.

This was the very first Depression Scrip I ever saw and immediately purchased it. This opened the door in economics for me to understand how things function during a great crash. What took place during the Great Depression was that there was such a shortage of cash, over 200 cities began to issue their own currencies just to enable transactions to take place. Businesses could not hire people because there was no available cash to pay them

There are catalogs available in German concerning the NotGeld, private issues of currency, during the Hyperinflation of the 1920s. Once again, it does not matter what nation or culture. The same human response will unfold every time.

As the United States breaks up, as is the case in Europe, we will see currencies appears on a regional basis. This is how it will always work. I spent more than two decades investigating these trends and collecting scrip from all financial crises going back to ancient times. Without access to these examples, there is just no economic historical account that has ever tied all of this together. I had to explore this all on my own.

The Real Debt Crisis is Here


Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Feb 14, 2023 by Martin Armstrong

QUESTION: Marty, Ever since the debacle in London with the long-term debt, there have been whispers in NYC about how the demand for long-term is drying up. When this becomes critical, is that when the whole thing comes crashing down?

KW

ANSWER: That was the real gist of Yellen’s speech back in October of 2022. Of course, the US press will never elaborate on this problem until it smacks them in the face. Yellen publicly admitted that the Treasury asked the primary dealers of US government debt for their views on the merits and limitations of a buyback program. The Treasury Borrowing Advisory Committee, made up of market participants, highly recommended considering the move because the demand for long-term was declining.

Yellen herself publicly acknowledged the decline in trading volume in 20-year bonds, which they reintroduced in 2020 thanks to COVID. Quoting from her direct comments:

“The 20-year Treasury is an area, an issue where there’s been less liquidity — but we haven”t made any decisions about it.” 

Even the Securities Industry and Financial Markets Association came out and publicly also stated last October that there had been episodes of illiquidity. This was the same problem that created the Crisis in the Long-term British gilt market.

Institutions do not want to buy the long-term in the face of (1) rising interest rates to fight inflation, and (2) unlimited handing of money to Ukraine that will NEVER come back for Ukraine is a black hole and reliable sources are deeply concerned that Ukraine will lose and exist no more.

The escalation in debt on the horizon with World War III is beyond the capacity of the Primary Dealers to buy.  They are strained now with the debt expansion for socialism, then Ukraine, and add War, this system is cracking NOW! The Primary Dealers cannot buy more debt than their balance sheets allow. The “whispers” running around have been on the street. The press has not articulated this for (1) it’s above their pay grade to comprehend, and (2) they cannot dare report the truth.

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:

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]

#TwitterFiles Accountability: Former Twitter Execs Face Congress. Plus, Rogan’s “Anti-Semitism” | SYSTEM UPDATE #37


Glenn Greenwald Posted originally on: Feb 8, 7:00 pm EST

Details Surface of Biden Administration Deliberately Destroying Nord Stream Pipeline, Then Lying About It Repeatedly


Posted originally on the CTH on February 8, 2023 | Sundance 

One of the things about big lies is the sheer weight they create, and the effort needed to maintain them.  Everyone of reasonably intelligent disposition knew the Russians did not blow up their own Nord Stream gas pipeline last year; they had no motive to do so.  All indications were always that the U.S. government conducted the operation and then obfuscated blame toward Russia.

Investigative journalist Mr. Seymour Hersh now writes a comprehensive outline showcasing just how the Biden operation to destroy Nord Stream was conducted.  [SEE HERE]

[Seymour Hersh] […] “In December of 2021, two months before the first Russian tanks rolled into Ukraine, Jake Sullivan convened a meeting of a newly formed task force—men and women from the Joint Chiefs of Staff, the CIA, and the State and Treasury Departments—and asked for recommendations about how to respond to Putin’s impending invasion.

It would be the first of a series of top-secret meetings, in a secure room on a top floor of the Old Executive Office Building, adjacent to the White House, that was also the home of the President’s Foreign Intelligence Advisory Board (PFIAB). There was the usual back and forth chatter that eventually led to a crucial preliminary question: Would the recommendation forwarded by the group to the President be reversible—such as another layer of sanctions and currency restrictions—or irreversible—that is, kinetic actions, which could not be undone?

What became clear to participants, according to the source with direct knowledge of the process, is that Sullivan intended for the group to come up with a plan for the destruction of the two Nord Stream pipelines—and that he was delivering on the desires of the President.” (read more)

As the article notes, initially in the planning stage, Joe Biden and his administration were all in for the operation, assuming of course the resulting action -essentially a declaration of war- came with plausible deniability.

What is unclear, despite all the details revealed, is whether in the final decision-making Joe Biden actually had anything to do with it; or whether the dark handlers running his covert administration from the Intel and State Dept., felt they had enough prior approval to just carry out the order without him.

As a reminder, in late September 2022, Joe Biden denied the U.S. involvement….  He lied.

(Via CBS) – […] President Biden called the damage to the Nord Stream natural gas pipelines “a deliberate act of sabotage,” rebuking Russia’s claim that the West was responsible for the explosions. The president said Friday that divers would eventually be sent to the pipelines, which were designed to bring gas from Russia to Europe, to determine what happened. 

“It was a deliberate act of sabotage and the Russians are pumping out disinformation and lies,” Biden said. 

“At the appropriate moment, when things calm down, we’re going to be sending divers down to find out exactly what happened. We don’t know that yet exactly,” he added. (read more)

For the U.S. to deliberately attack the Nord Stream gas pipeline, that is a direct act of war against a sovereign country, Russia.

The coverup of this story is going to make the coverup of all prior Obama/Biden stories pale in comparison.