Category End of the Nuclear Family

Apr 27 2023

REMINDER: Inflation was at 1.4% When Biden Took Office


Armstrong Economics Blog/Inflation Re-Posted Apr 27, 2023 by Martin Armstrong

Inflation was only 1.4% when Biden took office. He began implementing policies on his first day that directly created the energy crisis in the US. He refused to reopen the economy under the pretense of COVID for as long as possible, disrupting the supply chain and damaging small businesses. Biden has created multi-trillion dollar spending programs that saddled the nation with more debt and increased price volatility. His team has been working to divide the people and create civil unrest. I could go on about his failures, but his worst move was involving America in the Russia-Ukraine war. Inflation has steadily risen to unsustainable levels nearly every month since Biden took office.

Biden’s team toys with the numbers to tout that inflation has gone down, but they are comparing the high and low both created under Biden. Wages cannot support the increase in costs and absolutely no one is better off under Biden. Considering the dire situation, it is infuriating that the US had a 1.4% inflation rate not long ago.

Inflation has soared by over 15% since Biden’s inauguration in January 2021. The “Presidential Inflation Rate,” (PIR) developed by the Winston Group, measures a president’s progress in handling inflation over time, from their inauguration month to the month of the most recent CPI report. As of March, inflation under Biden is 15%, which makes him the most inflationary president since Carter. Biden’s 24% “Presidential Inflation Rate” for rising electricity costs is higher than any of the previous seven presidents as it is now up 37.2%. The cost of food rose 18.3% under Biden, and eggs alone have soared by nearly 80%. Shelter costs are now at a 42-year high, and Biden’s PIR for rent has surpassed 13.5%.

Joe Biden takes no responsibility for the inflation caused by his policies and failures as a president. Inflation will continue to increase under Biden. He has absolutely no plans to address the issue, and the legislation he creates to address the problem only exacerbates it. Biden is a corrupt politician who lines his pockets with money from Ukraine and China. The investigation into his crime family that the media is sweeping under the rug reveals the truth. This man needs to be removed from office immediately, but the people alone must decide when they’ve had enough.

Apr 27 2023

Biden’s Let’s Finish the Job


Armstrong Economics Blog/Politics Re-Posted Apr 27, 2023 by Martin Armstrong

Biden’s announcement that he is running was crafted like a Twitter post – not live and posted at 6AM. His message is highly questionable for all he is saying is that the Republicans are radicals and therefore vote for him and he will maintain the status quo. There is a void of any new proposal and there is undoubtedly no message about the economy or inflation that is running away and reducing the livelihood of the average American. Quite frankly, this is the most controversial campaign that naturally the media will never even discuss. How do you “finish the job” without knowing what has been accomplished and what remains “finished” in a second term? The total absence of any claim that he accomplished anything from COVID to having 7 aids that are LGBTQ leaves a huge void.

The Republicans, on the other hand, are simply rolling out the same agenda of restraining the debt ceiling which will only work to undermine the entire socialist agenda and that is way too late. The warmongers in the Republican Party would rather spend money throwing it into the Ukrainian Black Hole where we are paying the entire salaries and pensions of Ukrainian government officials with no restraint on their salaries whatsoever. So we are to cut the benefits of Americans but keep funding Ukraine? Sorry, that is not an agenda I would be voting for.

Then there is the Abortion issue so they are fighting well-organized propaganda where even Supreme Court Justice Ruth Bader Ginsberg said when she got to the Supreme for Roe v Wade, that it was all about population control and eugenics – not women’s rights.

The defense of Roe v Wade is actually hypocritical for the Democrats. The main support comes from Gates and Rockefeller Foundations and it is covertly supported by the United Nations. This is all about the Planned Parenthood agenda to provide abortions to minorities to reduce their population. Now you may think I am being a conspiracy theorist. However, back in 2009, Justice Ruth Bader Ginsberg bluntly told the truth, when she was for equal rights for women.

The Democrats successfully won the abortion argument and the Republicans never understood the issue. It is like asking a witness when was the last time you beat your wife. He will then try to defend himself saying never, and even say ask his wife if he ever beat her. She will say no, and then you argue of course she will deny being beaten out of fear you will beat her again when you get home. You created a no-win argument and changed the entire agenda and nobody understands how you manipulated the entire argument.

Ginsberg made it clear: “Frankly, I had thought that at the time Roe was decided, there was concern about population growth and particularly growth in populations that we don’t want to have too many of.” She spoke bluntly in an interview published in the New York Times Magazine which was an article on women on the court. So it was not simply a woman’s rights agenda. That was the cover story to hide the real agenda which has always existed – eugenics and to reduce the population of minorities.

The Republicans have been diverted to argue over religion and never noticed that the Democrats flipped Eugenics into Women’s Rights. This claim it is my body so it is my choice, was entirely ignored by the Biden Administration when it came to COVID Vaccines. Suddenly nobody cared if it was your body, you were being told to take the vaccine or lose your job.

The Republicans are too caught up in their old rhetoric to notice that they have been played like a fiddle and they are the monkey dancing to the organ-grinder’s tune. I fail to see any Republican charging in on a white horse to save the day. They are too distracted to even understand what day it is.

So when Biden says let’s finish the job, he refuses to even say what the job is.

Apr 26 2023

New FHFA Rule- Middle Class to Subsidize High-Risk Borrowers


Armstrong Economics Blog/Real Estate Re-Posted Apr 26, 2023 by Martin Armstrong

Biden is ushering in new socialistic policies and there are no checks and balances. I mentioned a few weeks ago how Fannie Mae and Freddie Mac are changing Loan Level Price Adjustments (LLPAs) on conventional loans. To ensure “fairness,” the agencies are helping “underserved” home buyers by reducing costs for those with lower credit scores and less money for down payments. Borrowers with a credit score under 680 will be rewarded, while those who spent years maintaining a high level of creditworthiness will see higher rates. So those with good credit and savings will be subsidizing mortgages for others who are less financially responsible.

The Federal Housing Finance Agency (FHFA) is using the race card and claiming this will help people of color secure loans. “In the short term, this may increase homeownership among the targeted group, but I’m afraid it could decrease homeownership among the middle class,” said Jerry Howard, CEO of the National Association of Home Builders. “I’m not sure that we’re not robbing Peter to pay Paul here.” People of color can also have good credit and savings for a downpayment, and it is an insult to say otherwise. As of now, lenders are solely looking at the colorblind numbers and race is not a factor. This is merely a ploy to see how this administration can slowly replace our republic with socialism.

This is completely unconstitutional and it’s telling how this measure passed with little backlash. Do not trash your credit because the rules of this rigged game always change. There will be backlash once people see the additional fees that the Biden Administration calls “minimum.” An extra $40 per month on a $400K loan amounts to over $14,400 over the course of a 30-year mortgage. Moreover, already stressed banks will be forced to provide loans at a lower rate to people who should not qualify. The law goes into effect on May 1, right in time for the busy spring season. Biden is forcing people to redistribute their wealth, and we are not talking about real wealth. Those with real wealth are buying in cash right now. This directly hurts the middle class who believed that working hard could afford them the now imaginary American dream.

Apr 25 2023

The Great De-Dollarization Fraud of a Lifetime


Armstrong Economics Blog/USD $ Re-Posted Apr 24, 2023 by Martin Armstrong

COMMENT: Marty; I was in a board meeting and I just wanted to let you know one guy who is there simply because his family had a stake in the company with zero worldly experience, started ranting about the end of the dollar he probably read on that biased _____________________. I asked this fool, should we then move all our company funds to Russia or China since Brazil is too small of an economy? Should we stop dealing with Americans? He had no response.

Separating a fool from his money seems to be a never-ending fact about humanity.

Cheers

You are the only sane one out there these days

PY

REPLY: I know what you mean. The people promoting this BRICS nonsense have no understanding of the real world. Institutions cannot park billions in Brazil, China, or Russia. Especially in the face of war. The reason the Euro has failed as a serious reserve currency is that there is NO NATIONAL EURO DEBT! Institutions have to still jockey between the various risks of each country and all the Euro did was transfer the foreign exchange risk to the bond market. Sorry, I just do not see where the dollar is in some state of collapse.

When they came to me to create the Euro, I warned them that there would be no single interest rate without the consolidation of the debt. But Kohl never allowed the German people to vote on joining the Euro, so he would not allow the consolidation of the debt. I was told then that they just had to get the Euro started and they would worry about consolidating the debts later. Of course, that never came. Hence, the volatility in FX simply moved to the debt market. The bottom line – the US dollar is still the ONLY place for major institutions to park money – PERIOD! They are not buying Brazil, China, or Russia.

World Trade as a percent of total world GDP PEAKED in 2008 at 61%. It has been in a bear market that will not bottom before 31.4 years taking us into 2040. The sanctions on Russia have divided the world economy and killed SWIFT but it has also ended globalization. To think that the BRICS can replace the dollar with ZERO capacity for international capital to park in such markets is the delusion of absolute fools. China will surpass the USA, but only after 2032.

So here we go again. This nonsense is leading unsuspecting people to follow the piper to divest of dollars and move into what exactly? Most of this is propagated by the gold bugs who will NEVER listen. They hate the dollar because they think gold will rise then. What kind of a world will exist if their doom and gloom were a reality? You might not have any place to spend your wealth. I own gold NOT as an investment, but because of its neutrality.

There is such a major fraud going on with digital currencies with people reporting that the latest scam is using social media to tell people to transfer all their cash to a digital wallet, and BTW – here is the link! If you believe that one, perhaps you would like to buy the Brooklyn Bridge. NYC has a deficit and they will sell it for all the money in your savings. Wake up!

These people remind me of the famous drawing of a fool and his cat.

Apr 24 2023

BREAKING, Thundershock – Fox News Fires Tucker Carlson, Last Show Was Last Friday. This is the End of the First Amendment and “Free” speech.


Posted originally on the CTH on April 24, 2023

In a stunning development at Fox News, it appears they have fired the #1 television news host/pundit in the industry.

In a terse statement [LINK HERE]:

NEW YORK — April 24, 2023 — FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor.

Mr. Carlson’s last program was Friday April 21st. Fox News Tonight will air live at 8 PM/ET starting this evening as an interim show helmed by rotating FOX News personalities until a new host is named.

Tucker Carlson had the number one rated news and broadcast show across the entire media industry.

An immediate firing with no further shows?

This is a stunning breaking development!

Then again….

….. There are Trillions at Stake!

Apr 19 2023

The Great Divide


Armstrong Economics Blog/Civil Unrest Re-Posted Apr 19, 2023 by Martin Armstrong

https://youtube.com/watch?v=B6PYN50oE1s%3Ffeature%3Doembed

Any company that is adopting WOKE should be out of business for what they are really doing is dividing the country and completing what our computer has forecast – the breakup of the United States. The WOKE Agenda is attacking the religious beliefs of many and that historically always leads to division, discrimination, and often outright war.

When a company endorses what they think is some political agenda, it will lose the business from the opposition. This whole thing about transgender is out of control. Instead of eliminating discrimination, they are creating it. People will then blame the transgender movement for all sorts of things as they have done to Jews, Catholics, Muslims, and Protestants. There is no solution here. By endorsing WOKE, they are undermining the religious beliefs of others. You end up creating disunity – not unity.

Companies should NEVER take sides in politics especially when they attack religious beliefs. It is one thing to lobby for your business against some regulation. But endorsing this WOKE agenda is part of the Great Divide that is clearly a major factor contributing to the demise of the United States by dividing the people between blue and red. Abortion already offends many religious beliefs. Then there is taxation and war. This WOKE Agenda will be one of the factors historians will look back on for breaking up the United States.

During the Hard Times that followed the Panic of 1837, there was discrimination against the Irish Catholics for taking jobs when they migrated to the States. That led to even gun battles on the street. Just as Germany singled out the Jews, any time you single out any group, you divide your society, undermining the state’s foundation.

We are all equal or we are not. When we are, great civilizations are formed. When Philadelphia was founded by William Penn, a Quaker, it was on the principle of religious freedom. The first Catholic Church was erected there along with the first churches of just about every denomination. The whole slavery issue and the Civil War also involved religion.

This WOKE Agenda is extremely dangerous because it attacks the religious beliefs of many. Besides the American Civil War with its roots in religion, the same was true of the English Civil War which was Protestant v Catholic. India & Pakistan separated over religion – Buddhist v Islam. The Protestant Revolution was actually funded by Catholic bankers who wanted to compete with the Jews but could not get into the trade since lending money for interest was the Sin of Usury.

Arnaud Amalric (died 1225) was a very prominent abbot in the Albigensian Crusade (1209–1229), also known as the Cathar Crusade. They were persecuted because they believed in two Gods or philosophies, with the first one being good and the second being evil. It was during this religious war, which was covertly really for French political gain, that the monk Amalric is best remembered for allegedly advising a soldier who was worried about killing orthodox Catholics in the process of killing declared Cathar heretics. He said:

 “NovitenimDominusquisunteius.” (“Kill them. For the Lord knows those that are His own.”)

The historical list goes on and on. The number of wars and civil uprisings that offended religious beliefs are countless. This WOKE Agenda is NOT about discrimination, it is an agenda that undermines the state and will lead to the breakup of the United States precisely as our computer has forecast.

This WOKE Agenda has prompted more than just a boycott of BUD. It has produced Woke Free American Beer. I’m not a beer drinker, I prefer Scotch. So I cannot speak to how it compares to Bud. But you can try it yourself to make that decision at Ultrarightbeer.com.

This is what I mean. This is not really an economic right-wing thing, it has its roots in religious beliefs. A friend from Europe came and we went down to Key West which is a major hangout for the Lesbian, gay, bisexual, and transgender crowd (LGBT/LGBQT). We saw a guy who could have been a linebacker in high heels with a black mini-skirt standing on the corner and people were taking pictures with him. He was obviously making serious cash. He was certainly not very feminine looking and with the heels, he stood over 7ft. Nobody was insulting him, they were lining up to have their photo taken with him.

https://youtube.com/watch?v=KUokwmZcFMM%3Ffeature%3Doembed

This Woke Free American Beer commercial starts with Seth Weathers standing outside of a women’s bathroom and saying, “America has been drinking beer from a company that doesn’t even know which restroom to use.”

Welcome to the Great Divide

The time is quickly approaching when we will turn out the light on this American Experiment 

2034?

Apr 14 2023

Only 32% of Lenders Profited on Mortgages in 2022


Armstrong Economics Blog/Real Estate Re-Posted Apr 13, 2023 by Martin Armstrong

The talking heads have been warning of a housing crash, but that is not what Socrates indicated. The 30-year fixed rate is around 6.89% at the time of this writing. Housing costs continue to rise, causing the costs of servicing mortgage debt to rise. Housing inventory is limited, and a recent report explains why we saw mass layoffs in the banking sector. The demand is still there and it is a sellers’ market. Cash is king when it comes to real estate for those who can afford it. Mortgage lenders are in trouble. In fact, only 32% of mortgage companies were profitable in 2022 compared to 98% in 2020.

The Mortgage Bankers Association (MBA) recently announced that independent mortgage banks and subsidiaries of chartered banks lost around $301 for every mortgage they financed in 2022. This marks a 113% decline from the prior year’s average and the first-time banks are seeing losses on mortgage products. This is not 2008 when banks handed out loans to anyone who asked.

“The rapid rise in mortgage rates over a relatively short period of time, combined with extremely low housing inventory and affordability challenges, meant that both purchase and refinance volume plummeted,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. “The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan.” Production costs reached a high of $10,624 per loan last year. Productivity was 1.5 loans originations per production employee, down from 2.5 per employee the year prior, and an indicator of why we are seeing layoffs in the banking sector. No one is refinancing at these rates either and most chose a fixed rate, as we saw what happened in 2008 with adjustable costs.

First-time mortgages reached an all-time high of $323,780 last year, up from $298,324, the largest annual increase since the MBA began collecting data. The increased cost of loans increased the cost of serving mortgages. The MBA expects volume to decline further in 2023 before rallying in 2024 and 2025. The banking crisis may lead to banks and lenders selling off their mortgage debts once they cannot afford to service the debt. Again, the housing crisis today is not relative to the 2008 crash.