Armstrong Economics Blog/Economics
Re-Posted Oct 15, 2019 by Martin Armstrong
You repeatedly say that Socialism is dying. I live in a rural area of Oregon. As a personal observation, what I see around here is that more people, and especially the younger, are indeed moving TOWARD Socialism. The influence of the media is so strong that even people we know who advocate gun rights and the Constitution are willing to give up both to see Trump out of office and love the Bernie rhetoric of free everything. So, with the “dying” part, is it referring to more countries moving away from it than are moving toward it? We seem to be heading that direction, and rapidly at that.
ANSWER: Socialism is dying because other people’s money is running out. Yes, we see that socialism is rising in its extreme actions from climate change being usurped to justify the confiscation of wealth and control of the economy. It is also prevalent in the rise of Bernie Sanders and Elizabeth Warren in the USA and the Labour Party in the UK.
This is the final rally of socialism before the crash. It is more akin to the final Phase Transition of a market as it makes its fatal high like the Dot.com Bubble, 1929, or Tokyo 1989.
So do not confuse the rise in the outward demands of socialism. We are running out of other people’s money and the unfunded promises will reach $400 trillion by 2032. There is no possible way to fund that without a crash & burn.
We also see this manifesting in the stark political divide between left and right. The left in Britain is saying the Prime Minister should be jailed if he carries out Brexit without a deal. The people voted for Brexit. They lost. That does not matter.
We are in the collapse of government and the socialistic promises since World War II are all coming due. Economically, this is a battle to the end. The left wants to confiscate all the wealth of the right. This is the end of the purpose of civilization and the beginning of pure tyranny.
I for one have no desire to live in a socialistic world of tyranny. I will most certainly leave and move to Asia rather than live under such tyranny.
Re-Posted Oct 15, 2019 by Martin Armstrong
QUESTION: I have a question, you wrote :
“Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, leaving cash sitting in your account could expose you to risk in the months ahead.”
For example, if one has a trading account with a bank, is leaving cash in the bank’s trading account immune to potential seizure indicated in your comment?
Appreciate your clarification,
ANSWER: The risk in Europe is that there is no true rule of law. On the one hand, there is this policy of no bailouts for that would mean money could cross borders. Then there is the rising socialism which is turning into real hatred of the rich.
There is no definitive answer. Europe will do whatever it has to do when the time comes shy of doing the right thing. I have written before when Italy could not meet its debts on short-term paper, they simply decreed that your 90-day paper was now a 10-year paper.
Governments can do whatever they desire. We have no recourse against governments. No private company could act in such a manner. This is one primary reason why I believe governments should be prohibited from borrowing. People are fools for buying their paper and always expecting that this time will be different.
Armstrong Economics Blog/Religion
Re-Posted Oct 15, 2019 by Martin Armstrong
QUESTION: Greetings Mr. Armstrong,
Do we know if Vespasian meant his last words as ironic or literally? It seems that a man of his history meant it ironically.
That he was mocking the Roman idea of the emperors that they would become a god after their death.
ANSWER: Vespasian was known for his jesting. I think when his mortality was slipping away, he knew he was no god for he lacked such power. The Roman historian Suetonius reported that Vespasian said, “Vae, puto deus fio” which can be translated to “I think I’m becoming a god.”
I would say that his last words were one of question about the afterlife. Roman emperors were often deified upon death. For a senate to clear someone a god seems to lack any power to make such a rule in the afterlife. There were no miracles to be attributed to a person to declare that they are a saint. So one would think he was perhaps mocking the tradition rather than accepting he was becoming a god.
The Romans believed that death was defined as the separation of body and soul. They certainly did believe in an afterlife. They also believed that the deceased person could only find peace when the physical body was buried or cremated in a proper manner and all ceremonies were conducted appropriately. Otherwise, the soul would haunt the family if they disrespected them in this manner.
It was a tradition for the Romans to put a coin under the deceased family member’s tongue so they can pay Charon to cross the river Styx. In this manner, they would journey to the afterlife and not haunt the family.
Armstrong Economics Blog/Socialist
Re-Posted Sep 24, 2019 by Martin Armstrong
Elizabeth Warren demonizes the rich and never considers the real facts as she listens to the communistic ideas of Thomas Piketty. In truth, the vast wealth of America’s share market is owned by retired folks. Federal Reserve numbers show that households headed by people over the age of 55 own 73% of the value of domestically owned stocks. These are the people she hates so much?
If we look at the Fed’s numbers, households of ages 65 to 74 have an average of $1,066,000 in net worth. Those in the lower age group of 35 to 44 have only about $288,700.
All Warren sees is the injustice in that inequality of wealth. But what about working your whole life and saving? So the person at 35 should have the same wealth as someone at 75 who saved their whole life?
Re-Posted From the Canadian Free Press ….
While President Trump’s brash style and idiosyncrasies offend some people, he appears to be the only leader not beholding to, or corrupted by the Deep State; and governing for the good of America, not the NWO
Did you know that in the second half of the 20th century, a United Nations plan to transform America into a UN satellite was implemented? Worse, this globalist transformation continues today. UN regulations are already embedded into our government agencies and the transformation of our Republic into a socialist state is well underway. This article shows how globalism came to NASA, and America.
Using NASA as an example, it is painfully clear that the globalists have made progress in their efforts to add America to the New World Order. You have to admit that when NASA is training people to achieve global governance by the UN, it’s time to say “Houston…we have a problem!”
While America’s transformation was initiated by worldwide globalists, it was our own presidents to who pulled the triggers to dissolve America’s heritage of Freedom, and replace Constitutional rule with the rules of the New World Order.
Below are the stepping stones to the NWO, which the globalists have already taken.
- In 1976, American globalist politicians wrote a Declaration of Interdependence, which states: “Two centuries ago our forefathers brought forth a new nation; now we must join with others to bring forth a new world order.” This was signed by 105 Democrats and 13 Republican members of Congress, “with cooperation” from the Council of Foreign Relations and the US Council of the International Chamber of Commerce.
- In 1987, European Socialist Gro Brundtland (a former VP of Socialist International) wrote a report for the United Nations called “Our Common Future,” which invented the concept of “Sustainable Development (SD).” Her report stated: “Sustainable development requires meeting the “basic needs of all.” Therefore if you define SD, you control how to meet the “basic needs of all.” The concept of SD is the foundation of Agenda 21.
- In 1991, President George H. W. Bush (1988-1992) made his notorious NWO announcement: “to fulfill the promise and vision of the UN’s founders!” It’s stunning to hear an announcement from a sitting president that advocates America be part of a globalist government.
- Then in 1992, President George H. W. Bush signed the UN Rio Declaration on Environment and Development Treaty, known as Agenda 21. It uses social engineering to control all human activity, and is based on the UN’s principle of SD. When President Bush signed Agenda 21, not only did he make good on his promise to create a NWO; but committed the US to implement the UN’s Agenda 21 regulations.
- President George H. W. Bush’s signing of the Agenda 21, can be summarized as:
“He has combined with others to subject us to a jurisdiction foreign to our constitution, unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation.” That phrase was written into the Declaration of Independence as a reason for going to war against England! And in 1992, America did nothing! Did the Deep State already own Congress then?
- However, one politician who was excited at the opportunity to make America subservient to the UN was Nancy Pelosi. In August 1992, Representative Pelosi sponsored House Concurrent Resolution 353, to announce the Democrat Party’s desire that Agenda 21 should be the law of America. It passed the House on 10-2-1992. The Resolution had 63 cosponsors (Dem 53, Rep 9, Ind 1).
- Agenda 21 is 351 pages of regulations that control every sector of society, all justified by the UN’s invented term “sustainable development.” Think of Agenda 21 as a virus that is slowly dissolving capitalism and our Constitution, and replacing them with a “command and control” socialist order based upon the ambiguous term “Sustainable Development.”
- In 1993, President William J. Clinton (1992-2000) signed the North American Agreement on Environmental Cooperation (NAAEC). In 1994, this agreement also created the Commission for Environmental Cooperation (CEC), an EPA partnership with Mexico and Canada, organized like a UN division and run by a Secretariat.
- In 1998, President Clinton ordered all federal agencies to follow the Agenda 21 regulations as official US policy. (Image below is from his Executive Order in Federal Register.)
- Some media outlets still call Agenda 21 a hoax and claim it is non-binding (i.e. voluntary).
- President George W. Bush (2000-2008) was also a proponent of Agenda 21. What happens after divide and conquer; unite and rule. Thus in 2005, our “government consultants,” the Council of Foreign Relations, issued a report called, “The North American Community,” which laid the groundwork for a North American Union (NAU).
- But when his administration floated the idea, it was met with very stiff resistance. In 2006, there was a Congressional Resolution against the NAU. In 2007, Senator Rand Paul said a Trans-Texas Corridor could lead to a North American Union, and in 2009, the Congressional Research Service issued: Security and Prosperity Partners of North America. The Trans-Texas Corridor was also cancelled in 2009.
- So for the duration of George W. Bush’s presidency, creating the North American Union was on the back burner. However, the Deep State still has hope. If there are no plans for a NAU, why does the US government still operate the CEC 11 years after “W” left office? There is no reason for the CEC to exist, other than its intended purpose, to be the Headquarters of the NAU.
- President Obama’s (2008-2016), administration planned and implemented the ultimate NWO takeover, a covert plan to affect a coup against president elect Donald Trump, and deliver America to the NWO, via H. Clinton. The fact that the plan was implemented by our intelligence agencies should tell you our Republic is on the brink.
“Secrecy is the beginning of tyranny.”—Robert A. Heinlein
No doubt the covert members of the Deep State will continue their attacks on President Trump as long as he holds office, focus on neutralizing our Constitutional Rights, and attacking judges to reduce public confidence in the entire judicial system.
In fact, our First Amendment is under extreme attack; from the FBI! In 2011, FBI agents illegally hacked into reporter Sharyl Attkisson’s laptop when she worked for CBS. Computer experts found proprietary software on it, and determined the source of the hack was the FBI.
Unbelievably, Attkisson lost (because FBI Director Wray refuses to name the agents) her first case but is appealing. But what happens if she loses? Won’t this set a precedent that allows any government agency to hack into our computers at will…legally?
While Americans are fortunate that the election of Donald Trump has slowed our momentum towards a NWO; an analysis of the presidential actions above present a new jolting reality for Americans:
- When it comes to globalism and destroying our Republic, there is no difference between these Republican and Democrat presidents, they all advocated for the NWO.
- The presidents listed above all ruled by Executive Orders to steer our Republic into the globalist NWO.
- Currently, establishment Republican and Democrat presidential candidates cannot be trusted to lead America, or save the Republic. Therefore, while President Trump’s brash style and idiosyncrasies offend some people, he appears to be the only leader not beholding to, or corrupted by the Deep State; and governing for the good of America, not the NWO.
And that is how NASA became a cheerleader for the NWO.
The NWO — Socialism, by definition, requires a powerful central government to achieve its objectives. The creation of the EU was one of the methods to establish an all powerful central government in Europe. A secondary movement was started in the Americas but has failed, so far. However the Democrat party, (political heart of this movement) and the National media (propaganda hart of this movement) have taken on the objective of destroying the conservative (believer’s in the Constitution) segment of the country. We are now in a cold civil war with the outcome to be determined in the next dozen years; three presidential cycles. Trump will win reelection so who follows him will be the key.
The progressive democrats i.e. AOC and their funding sources i.e. George Soros are trying to put into local governments those that believe we need a single party system and have made significant in roads to achieving this. Jack Petsche is of of those selected to take over the country at the local level. And to be honest I don’t know if Petsche is intelligent enough to see what his small part in this takeover of our political system is. Personally I don’t think so from what I have seen as he make way to many mistakes in what he is doing.
Comrade Petsche and his squad can not be allowed to take over Brecksville they are very very dangerous!
Petsche and his cohorts are progressives which mean they want to follow President Obama and fundamentally change America (Brecksville) into something other than what it is. There is something fundamentally wrong with this thinking. For example why is just about everybody in the world trying to get in our country if it is the hell hole that the progressive claim it is? And closer to home in Brecksville the survey that was done a few years ago in Brecksville indicated the citizens of Brecksville were overwhelmingly satisfied with the way the city was being run. So why is a major and fundamental change needed in the country and the city of Brecksville?
The answer appears to be personal gain as shown by the corruption in the progressive movement in general and what appears to be a looming corruption in Petsche and by extension his followers and their connections to USA Roofing, inc. and Greenfield Solar Corp. These two connection are only the ones we know about, how many other do we not know about?
From the Canada Free Press we have On Destroying America
To survive what may be coming, you have to be strong, well anchored, and assured in the midst of craziness and deception everywhere. We are lied to, deceived, and manipulated constantly to believe what isn’t so. Any weakness will declare itself quickly.
Our country is being dismantled, systematically, methodically. It has been going on for a long time, with patience and stealth, since at least the sixties and it is happening from within. Almost everything the Left needs to finish is now in place.
A recent Washington Times op-ed listed a set of conditions that are needed to destroy a nation. Anyone who reads the conditions and compares them with what is now happening and yet disagrees is either not looking or doesn’t want to see. I have added some that I felt were omitted or needed to be included. Some will overlap.
The first condition is to destroy the religion that holds the country together...Christianity. Churches have been decimated by liberal theology…ministers, priests and lay persons preaching their own gospel, counting money instead of souls saved.
The destruction of the nuclear family that produces stable children, wholesale abortion…avowed Communist presidential candidates insisting on exporting abortion around the world, demeaning life, redefining marriage…welfare to a point where the father is no longer needed with whole generations of broken families dependent on the government.
Selling maleness as toxic. They are actively feminizing the male population, making us less able to defend ourselves. They turned the finest military in the world into what was labeled a ‘social experiment’. But, in reality it was not an experiment at all. It was their way to knowingly destroy it.
Our education system has been decimated. Marxist teachers and professors are everywhere. Young people are being bombarded constantly with secular socialist propaganda, teaching the young to be non-judgmental. Accept every form of degeneracy. Children come home from school questioning their grandparent’s values because many of their parents are already on board. They are no longer taught Washington, Jefferson, Adams, Lincoln, Judeo-Christian values. Instead they are taught Malcolm X, Lenin, Mao and the transsexual that reads to them at the local library. Government schools have virtually eliminated parental authority.
Tribalism…divide and conquer
Tribalism…divide and conquer. When Obama became president he set out to divide the races, and so he did. He convinced many minorities that they were being oppressed and the police are their enemy. And it continues.
Immigrate as many people of other cultures as possible, legal or illegal. Dilute the American culture. Make it less acceptable or even a minority.
Make government bigger. Take over health care. Make individual health care dependent on adhering to government policies. Make the hard sell on global warming, or should I now say climate change. Blame every natural catastrophe on it. Give the government what they want…more power. Their science is as bankrupt as their morals.
Disrespect the nation’s symbols. Express contempt for the Constitution. Show disrespect for our national anthem. Burn our flags or raise flags of other nations.
Fill the government with traitors, ruin the great reputations of great institutions such as the FBI, and the CIA, and treat these people as rock stars. And use the media as the cheerleader.
Make everything political…speech, football, food, where you live, what you drive…shame conservatives at every turn
Make everything political...speech, football, food, where you live, what you drive…shame conservatives at every turn. The Bolsheviks were very successful at this game.
Take over high tech, the internet, the news media, entertainment. Control all opposition opinion.
Take control over a major political party. And so they have. Would anyone have thought every Democrat presidential candidate would adhere to or be sympathetic toward socialism? Years ago it was called liberalism to make it more palatable, but now we have ‘graduated’ to full on calling it socialism or democratic socialism. They’re getting more candid. The final step will be the real intention all along…Communism.
Create a new social order and standard of behavior. This new standard includes largely the elimination of the freedom of speech. Watch what you say and report those who don’t conform. I can remember several generations back when common sense was common. No longer. Criminals are treated as victims. White people are labeled as oppressors and must apologize for it. Deranged people who need help are ignored, treated as normal, or just doing their thing. And they are everywhere, creating chaos, as designed and expected.
Take away guns, the ability to defend yourself and your family, the most basic of rights. I put this last to point out the three powers that stand in the way of those who would take our country and our freedoms from us…patriots and people of faith, the 2nd Amendment, President Trump.
Again, be strong in your beliefs. There are forces out to destroy this nation, our culture and society. It is like a cancer that is metastasizing. They will succeed, if we let them. They have accomplished much because too many of us have fallen asleep. Liberals taught us to question authority. It is now time to question theirs.
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Ray DiLorenzo is a career pilot having retired after 22 years as a contract fire pilot with the California Department of Forestry (Cal-Fire). He is presently affiliated with Stand Up America founded by Maj. Gen. Paul E. Vallely (Ret).
The Jack Petsche cabal works under the, a Better Brecksville moniker and that includes Jack Petsche for Mayor, Gretchen Corp Jones, Mike Schumaker, Chis Hannigan and Ann Koepke all for council. From what I know from reading what is on their websites and what they say when they talk I would say they are very dangerous people. Below are those that want to rule you, don’t be fooled by their smiles!
I have talked about why I say this before but I’ll say it once more. When I went in the army in 1965 after college I was given two branch options for getting my commission when I graduated from Officers Candidate School, OCS. Basically they were the NSA or Special Forces. Since I like physical challenges as well as mental challenges I became an officer in the Green Berets. So the question is what the hell does that have to do with a better Brecksville in 2019?
Well it’s actually very simple, back then we were in a cold war with the U.S.S.R. and a hot war in Vietnam as the communists were trying to take Vietnam. The Green Berets were the first to go into Vietnam and always had the most dangerous assignments we were the tip of the spear as they say. So what did we study to get prepared beyond the arts of war and it was communism. Now I had an advantage since I had an undergrad in economics and communism is the political means to create a Marxist economics Utopia. We studied the history of Vietnam learned some of the language and read books like Street without Joy by Bernard Hall published in 1961 and The Centurions by Jean Larteguy and published in 1962 lastly we had the US government Area Handbook for North Vietnam DA Pam No 550-57 published in June 1967. So we were the most prepared to understand what was happening in Vietnam.
Skip forward to the 1990’s when I first saw troubling social changes happening so I read a lot more on Vietnam and politics and updated my economics and wrote a book on what I was seeing called Power Economics for the Next generation in 1994; the subject of which was the country was starting to move in a bad direction — toward socialism, but there was no reason to do so. Seven years later we had 9/11 and I started my research again this time a lot more seriously. This time I read Rules for Radical’s written by Saul Alinsky in 1971 and Prairie Fire written by the Weather Underground in 1974. Read both as they describe exactly what is happening today and if it doesn’t scare the C**** out of you then you must be one of them. And then I wrote another book this time it was more comprehensive and I called it An Essay on Moral Philosophy in Western Civilization written in 2017/2018 and released in January 2019.
This latest book of mine was about the communist takeover of the Democrat party and their goal to turn us into a socialist Utopia. This battle to change the country started when the U.S.S.R. collapsed and the Marxists in our country (progressives) panicked and started their takeover in earnest after the initial start in 1913. In my semi-expert opinion I believe that Jack Petsche, Gretchen Corp Jones, Mike Schumaker, Chis Hannigan and Ann Koepke, albeit at a low level as I do not believe any of them have the mental ability to operate at a high level, are part of the program to change us from a Republic to a single party soviet style country. Of course they must first get rid of the US Constitution. To do that they must destroy history and replace it with distorted stories called propaganda from back in the day or Newspeak from Orwell’s 1984.
From George Orwell …
“Who controls the past controls the future.
Who controls the present controls the past.”
However the a Better Brecksville cabal seem to be operating at the thug level not the sophisticated level that is really required to be successful. By that I mean as an SF officer would have to be capable of as was shown in the book Horse Soldiers and the move 12 Strong of the SF teams that went into Afghanistan and beat the Taliban into submission within a few months. See my review of the move in My Book and Movie reviews. That is what real strategic plan and solid tactical implementation gives you. That operation level is not what these, a Better Brecksville armatures have. However they are well funded (Soros) and the is only a part of a national movement to take over the country in 2020.
From Dave Pristash …
“Who (Universities) controls the past controls the future.
Who (Google, Facebook & Twitter) controls the present controls the past.
Who (Progressives/Marxists) controls the means of communication (Smart Phones) has the means to achieve all their desires.”