Rule Of Law


Posted originally on Armstrong Economics on: May 28, 2024

US Colonial Courthouse Philadelphia

Justice

United States Case Law

Attorney General Held in Contempt of Congress


Posted originally on Jun 13, 2024 By Martin Armstrong |  

The Rule of Law has been torn to pieces. The entire Justice System in the United States is rapidly becoming a joke internationally as we border on becoming indistinguishable from the Banana Republic, where the pretense of law is only the self-interest of those in power. In Plato’s classic work, you will find the debate between Thraysmachus and Socrates. More than 2000 years ago, Thrasymachus observed what we see going on right now. JUSTICE is the same in every form of government, be it dictatorship, monarchy, or pretend democracy. JUSTICE is always the self-interest of those in power, and NOTHING has ever changed.

Thrasymachus Quote

Once power is handed to the government, they will expand that power until they terminate all LIBERTY. That is what the CBDCs are all about – total control. If you protest, your bank account will be seized, and you will starve to death, just as they did to the truckers in Canada. This passage from Thraymachus established beyond a shadow of a doubt that HISTORY REPEATS over and over again, BECAUSE human nature never changes.

Steve_Bannon_ordered_to_report_to_prison_by_July_1_to_serve_contempt_of_Congress

It was this very Biden administration that has thrown Trump’s advisors in prison in contempt for asserting Executive Privilege, as in the case of Steve Bannon. Bannon was convicted of contempt of Congress in 2022 after failing to provide documents and testimony to the House Select Committee that investigated the January 6th, 2021, US Capitol attack. He was sentenced to four months in prison. The two MOST corrupt courts in the nation are New York and Washington, DC. They have their own agenda and will never apply the law fairly.

Garland Merrick AG

While the Justice Department (DOJ) has turned over transcripts and notes from the interview, The House has maintained that they need the tapes to verify the transcript’s accuracy and to confirm that Mr. Hur’s observation was justified. Attorney General Garland of the Department of Justice will not release the actual video and audio tape because transcripts never give the nuances of human speech. A lawyer will always tell you never to joke in court. If you said yes, I killed JFK as well. When read in a transcript, those words appear to be a confession. Without the audio/video, you would not know if it was a joke or not.

I have a dream

Martin Luther King said, “I have a Dream.” He is not the only one to DREAM. This brings tears to my eyes, for the once great nation, the founders’ DREAM, is crumbling to dust before my eyes, and I fear what I will leave behind for my grandchildren. There was a time when men rose against oppression, and their voices resounded in history. Their words were inviting and hopeful of a new land of honor built upon that DREAM of freedom and liberty.

Declaration Independent Mast Head

There was a time when honor was paramount, one’s word was your bond, and the vision of the future was exciting. We have reached a time when it all has gone wrong, bribed by money and only the DREAMS of the elite of endless power above the people. The generations before us fought for that DREAM in a time long gone by, when hope was everything and life was worth living in pursuit of happiness, and they had been enshrined in the Declaration of Independence and then the Bill of Rights.

In God We Trust

I studied history and the evolution of law, and I once naively believed that this DREAM of liberty and freedom would never die. We embossed our currency with the phrase In God We Trust and once believed in a merciful and forgiving God who has no longer been worthy of a place in our society. Those DREAMS of the founders we may attribute to a young nation naive with hope, standing unafraid on the battlefield against oppression and tyranny. Those days of noble DREAMS are now only relegated to the unread pages of history books. Our currency is to be relegated to digital entries on a smartphone. There was no reason for one to use the pretense of inclusion and equality to strip the rights of individuals behind the facade of caring for some minority. That unity that produced a nation has been torn apart, pitting one group against another to ensure that by dividing the people, they can conquer the cycle of time and seek to retain perpetual power unassailed forevermore.

Stella

Freedom of thought, philosophy, and religion was to be carved on a Stella that stood tall and made of white marble for eternity. But that Stella has been discolored, stained with time, and toppled to the ground ignored by those with power. Its edifice no longer shines or glistens in the sunlight. The Age of Wisdom has been overshadowed by the Age of Darkness, engulfed in corruption, and the thirst for ultimate power has ensured that history will complete its wheel of revolution. There are DREAMS of the perfect land that simply can never be.

2024_03_04_20_06_16_AG_Merrick_Garland_Calls_Voter_ID_Laws_Unnecessary_The_Epoch_Times

Law has no value anymore. As Thrasymachus said long ago, it is only the self-interest of those in power. Such is the fate of all civilizations, for they are all buried in a common grave. Garland is an absolute disgrace to the United States. To even argue that voter ID is not necessary when they are secretly pushing for total control with Digital Currencies and IDs so the elite can defeat the wheel of time.

The Biggest Issue With Joe Biden’s EV Mandate Has Absolutely Nothing To Do With EVs


Posted originally on the CTH on March 21, 2024 | Sundance 

This is a good opportunity to emphasize a key point that is often missed.   In the research and discussion outline yesterday, about Joe Biden’s EPA publishing new regulations for the auto industry, we dove deep into the background of what actually creates the issue. {GO DEEP}

The issue that should concern everyone is not the Joe Biden administration and their ideology around climate change, or the EPA, or even the viability of EVs themselves.  The issue that should draw the biggest concern is how the regulation originates; what is the impetus; who are the beneficiaries?

The regulation itself did not originate in the EPA, nor was it created from an origination process amid climate ideologues in the administration.  Everything starts with BlackRock positioning their assets.  From that empirical point, all political activity then takes place, which includes the regulations to support the BlackRock objective.

A massive, multinational investment firm is in control of political outcomes in the USA.  That should be the emphasis, not necessarily the regulation that flows as an outcome of that control, and certainly not the debate over whether EVs are a viable alternative to combustion engines.

BlackRock, and the control agents of finance, banking and investment, would like nothing more than to see Congress have debates about climate change, the viability of EVs as an alternative to combustion engines, the nuances of power grid generation from alternative energy sources, the scale of energy need as estimated and debated for the next two decades, etc.

All these points of debate become useful political policy issues that divide and contrast.  Sure, Congress would love to hold hearings about EV viability, U.S. grid compliance, the need for subsidized charging stations, etcetera, etcetera.  Because what is not discussed in this debate is where the subject matter comes from.

BlackRock positions their money to benefit from policy.  BlackRock, like others, then manipulate the policymakers to support their position.  We The People end up in a debate over EVs, while the BlackRock executives dance merrily into cocktail hour, discuss the latest climb in their value, and debate which politician should get a cut of the proceeds.

Nowhere in the political process on Capitol Hill does anyone ask, “How did the BlackRock investment group know to support Chinese EV plants in Mexico?”

The obvious fire of corporatism/fascism is ignored while the politicians, and us, debate the ramifications of the smoke, EVs.

Democrats would love to debate EVs and say the Republicans are planet killers.  Republicans would love to debate EVs and say the Democrats are taking away your freedom.

Meanwhile, corporations are running the U.S. government…. and people are oblivious.

The elected political representatives are dancing tools, useful for the purposes of distracting the American people, and funded by the corporations who need them to continue the distractions.

In a very similar fashion to how laws are written by K-Street corporations and sold by lobbyists, so too are regulations originated by outside groups and then pushed into the administration.  The politicians and/or bureaucrats in the administration then benefit financially from implementing the regulation.

The issue with Joe Biden’s EPA mandate for EV use is not an issue over which form of energy development is more useful for the passenger transportation needs of American consumers.  The issue with Joe Biden’s EPA mandate is that BlackRock originated it.

Once you elevate to the level of root cause, then you start to ask, “What else is BlackRock originating?

2022 – NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.

In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.

A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.

Russia enters Ukraine Feb 24, 2022.  Less than 4 weeks later, BlackRock CEO Larry Fink is outlining a dollar-based central bank digital trade currency.

Huh. Imagine that.

Everything else is chaff and countermeasures.

War & the ECM


Posted originally on Feb 29, 2024 By Martin Armstrong 

ECM Wave 2020 2028 Pi

QUESTION: You have been the only analyst who has been correct that there would be no recession that just about everyone had forecast for the last two years. A friend turned me on to you and said mainstream media will never quote you because you do not play by their rules.

I had to present to our board and explain why we needed to switch to your services. They were impressed with your track record. The number one question that arose was that you said there is no recession until after May 7th. The latest statistics from the Atlanta Federal Reserve’s real-time GDP tracker have climbed back up to 3.1% for February, confirming your model has been correct all along. There has been no retreat in consumer confidence in February.

Will consumer confidence contract because of war, which appears to be inevitable? I assume this will be the topic at your London conference in May.

Thank you for your objective model. The world needs your analysis.

FNK

Uncertainty

ANSWER: The elite are on a fast train to create war. They think this will not be nuclear, but I fear the darker forces are looking at war as the means to reduce the population by 50% to save their precious planet and reduce CO2. They are honestly sick individuals. They never tell the truth. ALWAYS – more civilians die in war than soldiers,

With the prospect of war, UNCERTAINTY enters the equation. That results in consumer spending being reduced and savings increasing. I have warned that these people are desperate to create war to influence the 2024 election. The media is all on board, cheering war just as they did with COVID-19. You have Victoria Nuland calling anyone who is against war is now a Putin supporter. She has labeled the Republicans who are against war a “Putin’s wing of the Republican Party.” She is on a mission to create World War III before Trump might become president, who is anti-war and will fire her ASAP.

The mainstream media is all pushing for war. Just look at the stats. World War I saw 9 to 11 million military personnel dead, with civilian deaths of about 6 to 13 million. World War II was by far the deadliest military conflict in human history, with a total estimated death total of 70–85 million people. The civilian deaths totaled 50–55 million. Because you cannot grow food during such events, there were an additional estimated 19–28 million deaths from famine. That was 3% of the 2.3 billion at the time. Today, the world population is 8.1 billion. They used the COVID-19 vaccines to alter the herd. But war is always the best means to reduce the population. If they eliminate just 3%, that would be nearly 250 million. They want to reduce a lot more than that.

The Ruse of Bitcoin & Crypto


Posted originally on Feb 21, 2024 By Martin Armstrong |  

Fink Larry

BlackRock CEO & World Economic Forum Trustee Board Member

Larry Fink Turns Bullish on Bitcoin

Larry Fink has changed his tune on crypto, saying suddenly it could “revolutionize finance,” endorsing an industry he once viewed with skepticism. Of course, as a board member of Scwab’s WEF, the crypto zealots cheered. Still, they think that Bitcoin can replace the dollar and end inflation, which they think is the result of paper money. That only reveals their own ignorance of what money is and the role it has played since the dawn of civilization.

Private Assets Government Assets

Worse still, they are telling people Bitcoin is going to be $60,000+ and fail to comprehend that even assuming that the dollar was replaced with Bitcoin, a rally then in the currency would subject the country to a Depression as took place during the 1930s.

1900 20 40

What made the depression so great was that private assets collapsed, and there was a flight to quality being cash. If Bitcoin replaced the dollar, the country would collapse, the debt would be unpayable or serviced, and private assets would decline, including gold. Democrats would no longer be able to run for office, for they could not promise gifts if you vote for them in the spirit of Marx. This is far more complicated than simply replacing the dollar. Even the people constantly calling for the collapse in the dollar do not comprehend that you are really talking about the collapse of the entire government, its debt, and the political system that would most likely fuel the divorce between the Blue & Red States. It was the dramatic rise in the dollar that compelled FDR to confiscate gold and devalue the dollar. It was the high price of the dollar that resulted in protectionism because the politicians did not understand the currency.

CBDC

They seem oblivious to the fact that the coming Central Bank Digital Currency in the USA would be unconstitutional, and the Federal Reserve will NOT issue one. Instead, the top banks are all moving to create their own and pitch for their version that will be programmable and traceable. The rumor is Fink would love to take over Bitcoin. WHY? Because all the tracing and reporting will be done by the private sector and under CURRENT law, banks MUST report suspicious behavior. So it is the COVID Model where the private sector did the censoring of free speech that the First Amendment ONLY restricts the government – not Facebook, YouTube, et al.

The Bitcoin zealots seem to overlook that the very nature of an ETF is at odds with the original ideals of Bitcoin. ETFs are an investment vehicle that’s categorically different from the original ideals of digital assets and will push the industry in the precise wrong direction into the ultimate way the government can trace everything you do and make sure they tax everything.

Biden Shreds the Constitution and Goes to War in Yemen


Posted originally on Rumble By Glen Greenwald On: Jan 13 1:00 PM 2024

Interview: Gold Surges Between War-Driven Inflation Dynamics


Posted originally on Jan 14, 2024 By Martin Armstrong |

Interview with GoldSeek Radio:

Head of Armstrong Economics, Martin Armstrong, reviews charts of the major indexes in real-time, noting “2024 could be a chaotic year.”

– Interest rates rise during boom periods.

“Yeah, I think people have to understand that the vast majority of analysis out there is all domestic. They’re just calling for the Fed and I think so many of them are talking about a major crash in 2024. What they never do is look outside the country. And honestly, if you look at the 3 indexes look at the Dow, the S&P, and then the NASDAQ, you’ll see the Dow leading.

And that is basically showing you that what’s going on here is international capital inflows. I mean, the more it’s getting crazy for wars just about everywhere. From Asia, you’re looking at the Middle East. You’re looking at Europe. We have probably more institutional clients than anybody in the world and they’re all starting to wake up a little bit and hedging their bets and they’re moving money to the States. That’s why the Dow has been rising, more so than you see. We have probably more institutional clients than anybody in the world and they’re all starting to wake up a little.

… but then again you have people just looking at the Fed and talking about ‘Oh, transparency.’ And is they only ever keep talking about old defense, going to ‘Lower rates, lower rates, lower rates.’

If you really look at it, objectively, interest rates always rise during boom periods, and they decline during recessions and depressions. We are looking at increased inflation, probably into 2028 caused by shortages and war. But you’re looking at a declining economic growth, so that ends up being more like the 1970s…and you’re looking there at what we call “Stagflation” where the inflation rate will be higher than economic growth.

– Increased inflation could erupt due to supply shortages and skirmishes.
– Stagflation similar to the 70’s could soon come to the domestic economy.

“That was basically caused by OPEC raising the price of oil dramatically and that created a cost-push inflation. So everybody’s costs were rising dramatically. Anything that had to do with plastic, went up dramatically and that created eventually the inflationary boom between 1976 going into 1980. As for gold rose to $875, etc…I think gold was about a $100 in 1976 and it rose to about $400 but that was by December 1979, the last six weeks of the rally, which peaked in 1980 on January 21st. So from December to January 21st, that’s when Russia invaded Afghanistan. So it was the geopolitical stuff that took gold from $400 to $875. So it’s important to understand inflation is not the major driving power but inflation when war is around – that’s what broke Bretton Woods…it was the Vietnam War.”

– Funds may be flowing into the blue-chip Dow Jones 30 stocks from global unrest.
– Geopolitical opinion and commentary.

Gold v Political Reform


Posted originally on Jan 14, 2024 By Martin Armstrong 

Dow Gold Ratio Y 1 13 24

QUESTION: Mr. Armstrong, My wife insists that I write to thank you for making me invest in stocks rather than gold. We split the money, and my wife invested in the Dow with your 2015 ECM turn, and I kept the gold. She beat me on the Dow since it closed in 2023, up about 250%. After reading your input into history, am I correct that this argument of fiat currency is erroneous? It seems like civilizations have risen and fallen, no matter the money system at the time. Could you elaborate on whether this is true or false?

Disappointed goldbug.

PismoBeach1933Clamshell

ANSWER: Not many men would admit their wives beat them in investments. Many things have been used for money, from bronze and clam shells to emergency paper currency. Those who insist that somehow gold is the only thing that is money do not know their history, and in the process, they have been misled seriously, which actually prevents them from seeing the real problem. Bitcoin is not money nor a medium of exchange because not everyone will accept it. A medium of exchange has to be something that everyone accepts.

There is a common theme that runs through ALL forms of money, and it has NOTHING to do with what is being used as the medium of exchange.

Minoan Ingot Sheep Skin

If we are objective, even metal has varied. Bronze was valuable because it could be used to make a tool or a weapon – hence the Bronze Age. It was first used in an ingot form. However, it was cast in the shape of an earlier form of money – sheepskins. Thus, the story of Jason is in search of the golden fleece.

Rome AesSignatum Bull
Lydia FirstCoins

The Romans cast bronze into ingots, and the value was equal to one head of cattle. The first coins of Rome are also bronze, beginning with just lumps and then taking the standardized weight and shape. In Turkey, they began with what was known as electrum, which was a natural alloy mixture of gold and silver found in the riverbeds.

The official first coins were struck in Lydia, modern-day Turkey. This was the first “fiat” money since it was declared a standard value by the king, who applied the image of a lion. This was his badge, certifying its value and weight.

Orichalcum

For example, there was a metal that was second to gold, which was really just brass. Orichalcum was the legendary metal of Atlantis, whose buildings were said to have been clad in this rare metal that looked similar to gold. Orichalcum was mined in Atlantis in ancient times, but by the time of Plato, this metal was unknown. Orichalcum was a legend by Plato’s time when he mentioned it in his story of Atlantis in the Critas of Plato. Critias (460–403 BC) says that Orichalcum had been considered second only to gold in value and had been found and mined in many parts of

NERO_AE_Dup AE As

Nero also experimented with issuing the traditional bronze coinage in Orichalcum (brass). In order to render the Dupondius distinguishable from its half-denomination, Roman As a radiate crown was added to this denomination, leaving the traditional laurel wreath style portrait for the Roman As. The Dupondius reform prevailed until the end of Dupondius’s regular issues, while the experiment in brass died out following Hadrian (117-138AD).

Common Theme

A gold standard will not solve the problem because it is NOT what is being used as money but the system. If governments issued platinum coins and claimed these are worth $100,000 each, that is also fiat, where the government decrees the value. This common thread that runs through everything is the trustworthiness of the government. As long as we have socialism, where politicians promise things, they will always create more money to accomplish that. DEBT = MONEY that pays interest. People also point to the Fed and overlook the fact that it is Congress that creates the money by issuing debt that can be used as an asset in a loan.

Gold will not solve the problem. We need political reform FIRST and then worry about constraining government thereafter.

Big Oil v. California


Posted originally on Jan 8, 2024 By Martin Armstrong 

Crude Oil Production

Chevron can no longer remain profitable in California, where politicians fail to understand the impact of reducing fossil fuels without a reliable alternative. The company has already pulled back hundreds of millions in spending in California over the past two years. Chevron’s Q4 filings proclaimed it needed non-cash write-downs and is expected to report non-cash charges of up to $4 billion.

At this point one must wonder if Governor Gavin Newsom wakes up each day to plot the destruction of California. Newsom announced he was taking over “Big Oil” last year by implementing legislation aimed at price gouging.

Andy Walz, Chevron’s Americas products president, explained that California’s regulations have made it difficult to remain profitable. “A margin penalty can only serve to further deter investment in the state’s energy market,” Walz wrote. “This is not hyperbole, nor is it merely hypothetical. California’s policies have made Chevron’s investments in its home state riskier than investing in other states, with projects being lower in quality and higher in cost.”

Exxon

Adding to the issue, Exxon Mobil also announced it may need to write down its California assets by up to $2.6 billion. “While the Corporation is progressing efforts to enable a restart of production, continuing challenges in the state regulatory environment have impeded progress in restoring operations,” said Exxon. The company expects Q4 earnings to decline by ~$800 million compared to Q3, along with a $1.7 billion drop in industry margins.

Companies as large as Chevron or Exxon Mobil cannot simply pack up and move to another state. Instead, companies are downsizing operations in California and rejecting new projects. California is operating at a $68 billion deficit and cannot afford to lose more business. This will impact gas prices throughout the nation, not just in California. It is not the oil companies but the GOVERNMENT that is price gouging the people through regulations and taxation.

CBDC – The End of All Freedom


Posted originally on Dec 17, 2023 By Martin Armstrong 

CBDC 5

QUESTION: Marty: You have mentioned that Trudeau’s freezing of accounts of anyone who donated to the Truckers was a test run for CBDCs. Do you think this is the end goal to control 100% of our lives?

GD

ANSWER: Hopefully, this will become a Presidential campaign issue. But they are desperate to stop Trump. Congress, including the traitors pretending to be Republicans, passed legislation that NO president can withdraw the US from NATO. This will enable the Neocons to start war BEFORE the 2024 election, and this legislation is to usurp the power of the president, assuming it might be Trump to make it so that he cannot exit World War III. Every politician who voted for that legislation should be thrown out of office in 2024 – PERIOD!

That said, the CBDCs are intended to control our social behavior. This transforms society into a digital prison, which is why the Founding Fathers outlawed Direct Taxation. The rally to Marx at the end of the 19th century led to the introduction of the Income Tax in 1913, and they swore they were going only after the trich. By World War II, they introduced the Payroll Tax because Roosevelt’s Marxist agenda was to include Social Security, and we, of course, had to be FORCED to save for our own future. That became a slush fund that was restricted to buying only government debt to fund this Marxist agenda.

You are being imprisoned with every piece of legislation, like reporting $600 transactions through various cash apps. You have lost ALL your LIBERTY – you don’t know it yet. They could simply create some nonsense and prevent you from donating to Trump or RFK and just make up some nonsense charge. The January 6th had unmarked buses filled with federal agents dressed as MAGA supporters before anyone showed up to stage the event so they could charge Trump and use the 14th Amendment to prevent him from gaining the White House. The Democrats refused to let RFK in, and Biden refused to give him Secret Service protection. In Florida, they tried to remove any contender from the ballot to challenge Biden. This is all about creating war. They let the border open to allow terrorists in so they can declare Martial Law and restrict everyone’s movement. All FREEDOM has been lost!

crusing the people
colored_custom_year_text_9099237

What Trudeau did in Canada permitted the bypassing of due process of law, which is the foundation of a free society. Wake up! Digitization of the monetary system will allow them to totally kill all dissent. There will be NOTHING left standing. This is what 2032 is all about. We are the ants beneath their feet. Anyone who thinks they care at all about us is an absolute fool.

We cannot stop it. This is NECESSARY for political change. This is them fighting to retain power when they fully understand that this monetary system is collapsing. This is not going to be this Great Taking. That would be an instantaneous revolution. They are not that stupid for even the army would rise up against them. This is about total control leaving you with your trinkets.

As this is rolled out, ONLY then will it open the eyes of the masses. Unfortunately, this is also why movements like Transgender, Black Lives Matter, you name it, are all about dividing the people. They MUST keep the people divided and fighting among themselves so they do not unite against the government, where the common denominator is FREEDOM.

Nazi Papers Please

It was Julius Caesar who said – Divide and conquer. Hitler attacked the Jews BECAUSE they were the bankers, and he needed to blame the hyperinflation on the bankers. He divided the people and then came – Papers, please! That is precisely what they are doing to us with CBDCs. This is the purpose of Gates’ UN-organized digital IDs. To prevent freedom of movement. Digital IDs to vaccine passports are all designed to prevent movement. Europe, as of January 1, 2025, will require visas from Americans to visit, and they will apply your social credit score to determine if you are eligible. Still, they intend to start World War III before that, creating an external distraction to divert people from the loss of liberty. This is the government’s objective- the enemy of freedom – as always, no matter what century or culture to look at.

Gates Digital ID