Interest Rates & the Fed


Armstrong Economics Blog/Interest Rates Re-Posted Feb 2, 2023 by Martin Armstrong

The Federal Reserve raised the benchmark by 25 bps, as expected. The Fed fully understands that the manipulation of the CPI is a necessary aspect both for containing government benefits and understating inflation also results in high tax revenues. The market loves hope, and as a result, they focused on the warning that we’ll be in restrictive territory for just a bit longer. Most still believe that there will be a slowdown in inflation just ahead.

The Fed’s cautionary commentary saying that the “disinflation process” has started triggered shares to jump ending up 1%. This shows how insane the analysis had become that they cheer a recession and think that lower interest rates are bullish for the stock market. Obviously, they just listen to the talking heads on TV and have never bothered to look at reality. When interest rates decline, so has the stock market. Interest rates rose for the entire Trump Rally, and they crashed during the Great Recession of 2007-2009. For the life of me, I just shake my head when the talking heads cheer lower rates and spread doom and gloom with higher rates.

New York AG Releases Footage of President Trump Deposition, The Details of the Witch Hunt Are Very Visible in Procedural Explanations


Posted originally on the CTH on February 1, 2023 | Sundance

The office of New York Attorney General Letitia James released footage on Tuesday of the deposition of former President Donald Trump. The video was intended to create a narrative as President Trump repeatedly invoked privileges under the fifth amendment against self-incrimination. However, if you watch the introductory part of the deposition, to include the statements from the office of the AG, you get a real sense of how this witch hunt is being conducted.

President Trump’s deposition took place on August 10, 2022. The issue is AG James using the process of a civil fraud investigation to construct a criminal case against Donald J. Trump. Unfortunately for Ms. James, you do not have to be a lawyer to see the “set up” nature of the lawfare as it is being conducted. Just listen to the qualifiers put into place by the Attorney General office.

Pay close attention to the preliminary procedural explanations and questions from state Attorney General Letitia James. That is the set up, technically and legally explained by the New York AG herself. Once you see that part, you realize no one in their right mind would answer any questions from this “investigative inquiry”. After a few minutes, President Trump -together with his lawyer- reads a statement, then repeatedly takes the Fifth Amendment. WATCH:

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If people actually watch this deposition, not just listen to pundits outline it, this video will backfire against the New York AG.

Russiagate: A New Deep Dive into the Media’s Stunning Lies, Corruption, & Complicity | SYSTEM UPDATE #32


Posted originally on Rumble by Genn Greenwald Streamed on: Jan 31, 7:00 pm EST

Glenn Greenwald always has good stuff to read

Revealed: Mass Media Complicity in “Russian Disinformation” Fraud, w/ Matt Taibbi | SYSTEM UPDATE #30


Glenn Greenwald Posted originally on Rumble on: Jan 27, 7:00 pm EST

More information on the Russian Trump collusion hoax scam

Sunday Talks, HPSCI Chair Mike Turner Discusses Latest in Biden Classified Document Issue


Posted originally on the CTH on January 22, 2023 | Sundance 

The likely Chairman of the House Permanent Select Committee on Intelligence (HPSCI), Mike Turner (R-OH), appears on CBS Face the Nation with DC stenographer for the regime, Margaret Brennan.

You know the left wing of the DC political operation is riddled with angst, when Margaret Brennan goes tilt, stomps her heels and throws the proverbial coffee pot across the table.  The only thing missing was Margaret pounding the table and yelling ‘curse you villain.‘  The unbiased pretenses are chucked right out the window here.  The interview is a little funny.  WATCH: 

[Transcript] – MARGARET BRENNAN: We go now to Ohio Congressman Mike Turner, he is expected to head up the House Intelligence Committee. Good morning to you.

REP. MIKE TURNER: Good morning Margaret, thank you for having me.

MARGARET BRENNAN: So we have this development in regard to the further materials that were found at President Biden’s Delaware home. What is your reaction? And what does it signify to you that no one realized that this classified material was missing, some of it dating back to his Senate years?

REP. TURNER: This is really incredible. And as you know, congratulations to you, we would not know anything about this if it hadn’t been that CBS had broken this story. The White House nor the Department of Justice had shared any of the information with the public. And this really is one matter, we wouldn’t have this issue if it hadn’t been for Biden’s Attorney General did- making the decision to raid former President Trump’s house looking for- for classified documents that were being held there. What’s amazing about all this is it takes us to the question of why were these documents here? Well, now that we learned that some of these go back to his Senate time, you know, clearly he’s- he’s become a serial classified document hoarder. Why did he have these? Who did he show them to? I mean, the only reason you can think of as to why anyone would take classified documents out of a classified space at home is to- is to show them to somebody. Who did he show them to? This is going to be crucial, I think, to the special counsel’s investigation, is why did the president have these documents? Who did he show them to him? And is it connected to the Biden family businesses?

MARGARET BRENNAN: Well, you know, the differences of course, too. I want to talk about the Biden situation. But just to clarify, when you reference President Trump, there were 300 classified documents, there was a warrant, there was refusal to comply in terms of handing things over and the White House and the president’s lawyer are pointing out that in the case of Biden, he granted permission, and this was consensual for the DOJ to come in and search. Does the fact that the Justice Department conducted the search signify anything more to you and do you have any insight into the sensitivity of the documents?

REP. TURNER: Sure, absolutely. I think this looks more like a cover up than an investigation.

MARGARET BRENNAN: Do you have any facts to back up your- your allegations that he was hoarding things in terms of intention to take classified material versus it’s been characterized that it was somehow accidental? Do you have any insight into what these materials were?

REP. TURNER: Well, they didn’t fly to his home without him. They went on a train with him from the- his Senate offices and then in boxes that he was in charge of. The chain of custody here is going to be important, because we know that these were in Joe Biden’s hands and Joe Biden’s control, then ended up behind his Corvette in his garage and in his office, that he did not control and also throughout his house, so the special counsel is gonna have to deal with the issue of what was the chain of custody? Who had these? Why did he take them to begin with? When did he get them? When was he handed these documents? And what did he do with them? And this is a real critical question to all this, why did he have these documents to begin with? And that is why the special counsel’s work is going to be really important, because I can think of no reason why the president should have taken home, as a senator or as vice president, any classified documents that clearly have no protection. They’re available and open to anybody.

MARGARET BRENNAN: You have also before this development asked for a briefing from the Director of National Intelligence. You set a deadline of Thursday, do you have any further reason to believe they will meet that deadline, that you will get any insight into these materials?

REP. TURNER: Well we’ll have to see, but what’s critical here–

MARGARET BRENNAN: They haven’t responded?

REP. TURNER: –And this is very important, this is what’s very important to all of this, Margaret, and that is the FBI and the national archivists were working completely independent of the intelligence community, or the Department of Defense. They claim this was all an issue of national security, but they did not speak to anyone who’s involved in national security.

MARGARET BRENNAN: So no response yet from the intelligence community?

REP. TURNER: I have not received a response, no.

MARGARET BRENNAN: Okay. I also want to ask you what leadership looks like with Republicans in charge. You are also on House Oversight.

REP. TURNER: Right.

MARGARET BRENNAN: Of the 26 Republican members on the committee, 19 of them denied the results of the 2020 election. Your colleagues now include Marjorie Taylor Greene, Paul Gosar, Andy Biggs, Lauren Boebert, Scott Perry. They all played critical roles in – in the former president’s attempts to overturn the 2020 election results. Do you have any concerns about working with these lawmakers? I mean, you’re very much a centrist.

REP. TURNER: Well, you know, even on the Democrat side, there’s been a number of people who objected to President Bush’s reelection and voted against certifying his election.

MARGARET BRENNAN: I am asking about you, your party, and your colleagues.

(CROSSTALK)

REP. TURNER: There’s a long history of both sides, having raised issues, including, you recall, the- Al Gore taking President Bush’s election all the way to the Supreme Court.

(CROSSTALK)

MARGARET BRENNAN: You are not an election denier by CBS standards just to be clear.

REP. TURNER: I am not, and I work with both sides of the aisle, and there are election deniers on both sides of the aisle.

MARGARET BRENNAN: You are comfortable with all those individuals I just rattled off and the fact that the majority of the Republicans on this committee denied the election results. Is that what you are saying?

REP TURNER: What I’m comfortable with is -the electorate are very smart. And these people have been sent to Congress to represent their districts and to be part of the congressional debate-

MARGARET BRENNAN: Yes.

REP TURNER: -to lead us to what’s going to be bipartisan, bicameral resolutions. We have a split government right now, Republicans control the House, the Senate is controlled by the Democrats, you have a Democrat president. We’re going to have a lot of debate and discussions. And I think this is going to be a very fruitful period for- for Congress and for our country, because it’s going to have to be bipartisan, bicameral, and I believe that the president in opening negotiations with Republicans is beginning to start that process.

MARGARET BRENNAN: What is actually possible in this bipartisan, bicameral situation? What can you actually get legislation through on?

(CROSSTALK)

REP. TURNER: Depending on what the pending- what the president’s willing to do, I think it’s unlimited. Right? We have really tough issues right now. We have out of control inflation. We have an open border and record people crossing our border.

MARGARET BRENNAN: What about gun control?

REP. TURNER: We have -we have the issue of Russia, and certainly in Ukraine, and certainly China, I think we’re going to have a number of issues that we’re going to have to deal with.

MARGARET BRENNAN: All right, Congressman Turner, we have to leave it there today.

REP. TURNER: Thank you, Margaret.

[End Transcript]

Interview: Martin Armstrong on 32% Inflation


Armstrong Economics Blog/Armstrong in the Media Re-Posted Jan 14, 2023 by Martin Armstrong

Twitter File #14 Release – DC Politicians Pushing Twitter to Remove Content That Exposed Fraud Behind Trump-Russia Claims


Posted originally on the CTH on January 12, 2023 | sundance

Just a quick post to draw attention to the latest Twitter File #14 drop by Matt Taibbi [REVIEW HERE].  Thankfully, Taibbi is using the Twitter files to provide historical context against events that were happening at the time the documents are now revealing in hindsight.  Cheers to Taibbi.

[Twitter File #14 HERE]

Essentially, as Taibbi is pointing out, various DC politicians were working feverishly in early 2018 to maintain the fraudulent narrative around the Trump-Russia investigation.

Why is this timeline important, because retention of the fraudulent Trump-Russia narrative was critical to support the predicate of the Robert Mueller (Andrew Weissmann) Special Counsel.  As Taibbi notes, “On January 18th, 2018, Republican Devin Nunes submitted a classified memo to the House Intel Committee detailing abuses by the FBI in obtaining FISA surveillance authority against Trump-connected figures, including the crucial role played by the infamous “Steele Dossier.”  The entire DC apparatus was going bananas about the Nunes memo because it undermined the predicate assumptions of the Trump-Russia probe.

The Senate Select Committee on Intelligence (SSCI) was the specific stakeholder institution intent on retaining the Trump-Russia fraud, because the SSCI was one of the institutions who helped construct it.  Again Taibbi, “On January 23rd, 2018, Senator Dianne Feinstein (D-CA) and congressman Adam Schiff (D-CA) published an open letter saying the hashtag [#ReleaseTheMemo] “gained the immediate attention and assistance of social media accounts linked to Russian influence operations.” The intelligence community politicians were furious that various Twitter accounts were tearing apart their precious, and false, story.

Into this mix comes the work of former Dianne Feinstein staffer Dan Jones who was funding various entities like “Hamilton 68” to push propaganda.  “Feinstein, Schiff, Blumenthal, and media members all pointed to the same source: the Hamilton 68 dashboard created by former FBI counterintelligence official Clint Watts, under the auspices of the Alliance for Securing Democracy (ASD)”.  The goal was to pressure Twitter to remove content that could eventually take apart the Trump-Russia narrative. Teh justification they were using was that Russian groups were behind the Twitter pushback.

SIDEBAR from CTH ARCHIVES – A fantastic catch by Twitter user “15poundstogo” previously highlighted a key phrase within the Senate Select Intelligence Committee (SSCI) Russia Report Volume-5, showing how the SSCI allowed those who created the Trump-Russia narrative to avoid questioning:

[SSCI Volume-5 Link, Page 23]

This is a very important detail to underpin previous reporting we shared about former Dianne Feinstein top staffer Dan Jones attempting to avoid a subpoena from U.S. Attorney John Durham.  [SEE BACKGROUND HERE]  This key highlight from the SSCI is evidence of how the attempted coup against President Trump was coordinated by people outside government and inside government.

Dan Jones left the SSCI prior to the 2016 election and went to work pushing the Trump-Russia narrative through his media contacts.  Jones took over funding Fusion-GPS and Chris Steele in 2017 at the same time Senator Mark Warner took over as SSCI vice-chairman. Dan Jones and Mark Warner coordinated the efforts outside and inside government on the same objective.  The Senate Intel Committee was part of the effort.

As a result of their alignment and common purpose the SSCI didn’t investigate the origin of the Trump-Russia narrative; and instead positioned themselves as a shield to block any investigative inquiry into what took place.

The attempt to remove President Trump from office encompassed all three branches of the U.S. government.

  • Executive Branch – FBI, DOJ-NSD, CIA, State Dept., and eventually the Special Counsel Office.
  • Legislative Branch – SSCI in 2017 and 2018 with an assist from House Intelligence Committee and House Judiciary in 2019 and 2020.
  • Judicial Branch – FISA Court 2015, 2016, 2017; Federal Judges (Sullivan, Walton, Howell, Berman-Jackson) in alignment with DC intents in 2018, 2019 and 2020.

How does the office of the United States president; and more importantly a constitutional republic itself; survive a coordinated coup effort that involves all three branches of government; while simultaneously those in charge of exposing the corruption fear the scale of the effort is too damaging for the U.S. government to reveal?

[EARLIER REPORT] – […] When President Trump won the November 2016 election all of those participants involved in the use of government offices and agencies for corrupt political intent had a real problem.  Immediately, a lot of strategic planning took place by a lot of desperate people.

One of the key needs of the corrupt intelligence apparatus was to find a way to stop the incoming administration from exposing their effort; that’s where the Senate Select Committee on Intelligence (SSCI) comes in.

Senator Dianne Feinstein was vice-chair of the SSCI in 2016.  Feinstein’s former chief of staff was Dan Jones.

The post-election plan to protect the intel community would involve using the SSCI institution to cover for prior Obama-era operations. Senator Feinstein was not a good fit for that role, so Feinstein abdicated her position in advance of the next congress in 2017.

In January 2017 Senator Mark Warner took over as SSCI vice-chair after Dan Jones left the SSCI to continue efforts as a freelance operative.   Warner was put into place to carry out the strategic objectives needed to protect the DOJ, NSD, CIA, FBI and ODNI operations against Donald Trump who was now the incoming president-elect.

Keep in mind with control of the SSCI the group inside the legislative branch could control who ran what intelligence agency because they held the power of confirmation; and they could control who would rise to be inspector general within the intelligence community, a position needed if a whistle-blower was to surface.  The SSCI would only allow Michael Atkinson to act as ICIG – That’s because Atkinson was part of the 2015/2016 crew.

Additionally, the SSCI would control intelligence information and assist the Weissmann/Mueller special counsel after appointment.   The SSCI could work as a sword and a shield as needed.  Which is exactly what happened.  That background, the motive of the SSCI, explains every point of conflict and corruption we have seen from the SSCI.

Meanwhile Dan Jones went freelance and in 2017 was given $50 million to fund an investigative outfit called the “Penn Quarter Group” and create a new organization called the Democracy Integrity Project.

“Jones told federal investigators that he had raised $50 million from “7 to 10 wealthy donors located primarily in New York and California.” (link)

Jones used both groups to continue selling and pushing the Trump-Russia narrative. Also, it was important for those at risk to find an alternate route to keep financing their defense without using Clinton’s legal team within Perkins Coie.

Essentially, in 2017 Dan Jones, through his Penn Quarter Group, took over funding for Fusion-GPS and Glenn Simpson and kept paying Christopher Steele.  The payments to these entities and Steele always looked more like a pay-off to keep their mouths shut. Jones was essentially the bagman for continued Trump-Russia operations outside government.  Jones’s second job was to keep pushing the Trump-Russia narrative in the media (read more).

Back to Taibbi today:

“NBC, Politico, AP, Times, Business Insider, and other media outlets who played up the “Russian bots” story – even Rolling Stone – all declined to comment for this story. The staffs of Feinstein, Schiff, and Blumenthal also declined comment.

Who did comment? Devin Nunes. “Schiff and the Democrats falsely claimed Russians were behind the Release the Memo hashtag, all my investigative work… By spreading the Russia collusion hoax, they instigated one of the greatest outbreaks of mass delusion in U.S. history.”

This #ReleaseTheMemo episode is just one of many in the #TwitterFiles. The Russiagate scandal was built on the craven dishonesty of politicians and reporters, who for years ignored the absence of data to fictional scare headlines.” (more)

Tucker Digs into the Joe Biden Classified Document Story


Posted originally on the CTH on January 10, 2023 | Sundance 

As only Tucker Carlson can, the Fox News host used his opening monologue tonight to dig a little deeper into the Joe Biden “classified document” story.

This is a very good non-pretending 17 minutes to encapsulate the issues in/around the story.  WATCH:

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Uniparty Peace or Violence? Ray DiLorenzo 


Those who make peaceful revolution impossible will make violent revolution inevitable  –  John F. Kennedy Is violent or peaceful revolution on the horizon?  The United States of America as the ‘Great Experiment’ in self-government is failing.  While people slept, elites have been allowed to take over, not in governing, but in ruling.  Elections are awash in fraud.  Government institutions are seemingly impotent in applying checks and balances…corruption is overflowing.  Our culture has been pushed to decline by a godless social ideology.   The elite have taken an active part.  They know the world is about to collapse or be changed, but they are prepared, lifeboats at the ready, while the common folk stare at the cold water nearing their feet. People are now talking about the Uniparty.  Who are they?  What are they? 

The Uniparty is a resurrected buzzword for the joining of the Democrat and Republican establishment to obfuscate the will of the American people and push forward The Great Reset for their own interests.  The perfect marriage.  They’re a veritable fifth column working to destroy America as founded, sometimes competing with each other for lead turncoat.   It includes bureaucrats, members of the media, big business, and academia. The Republicans involved (RINOS) are closer to Democrats than members of their own party, but many are so far up in seniority they dare not leave the party. They have become an unrecognized third party, more recently, a party dedicated to stopping the outsider, Donald Trump.  

Make no mistake, Mitch McConnell would rather be Minority Leader in the Senate than just a senator in a majority Senate.  Why else would he withdraw millions in support of 2022 Senate candidates?  He’s responsible for trillions in spending under Biden and the inflation we are all feeling.  He is a RINO in the first degree, a failure and a disgrace. Polled Democrats and Republicans say they are not well represented in government (PRRI).  Except for a brief respite during the Trump presidency, the GOP hasn’t truly represented their voters for many years.

 The term Uniparty has been applied loosely from time to time from at least FDR, but Ralph Nader gave it proper context in 2000 meaning the Washington establishment.  People have used ‘Uniparty’ for various purposes, neo-liberalism, green causes and the like.  But, it is now used primarily by conservatives to attack the linking of mainstream Republicans and Democrats against America First or conservatism. The Uniparty is not on our side.  They are essentially socialist and globalist or just lowlifes looking for opportunity.  They are a government within a facade of a government.  They have an agenda, and you are not part of it. Even though George Washington abhorred the thought of political parties, the human trait of forming tribes was always too great.  And now the tribe mentality has crossed party lines.

Why does it seem like America is on a fast track to a destination no one voted for?  No matter how we vote, no matter what we say, no matter what we reject in the market place, the country seems headed over a cliff, and we have no control over it.  How is it that Trump was able to turn our country around a full 180 degrees in just a few short years?  We were being held back by past administrations. The Uniparty has put our country on autopilot and programmed that autopilot with no input from the people. 

With only 15% of Americans saying our country is going in the right direction (AP), did we really vote for increased crime, inflation, higher taxes, open borders, more drug trafficking, censorship, the elimination of any morality?  Do Americans want 4,000 page bills smelling of pig, made into law in the middle of the night that no one has read?  Do Americans want legislation written in the shadows? Why can’t we win an election that reflects the voter’s sentiment? 

Even Democrats are getting nervous (80%).  Why do Disney and Hollywood keep releasing movies that shock our moral conscience, even when they fail at the box office? Hollywood complains that their earnings have fallen, yet they continue to give us junk.  Why is it more profitable to stay home rather than work?  Why do politicians seem to ignore their constituents?  Why do the Biden, Clinton and Pelosi families get to break any law they want?  Why does Congress name bills that don’t reflect content.  Over a year and a half ago, Congress approved Biden’s $2.5 trillion infrastructure bill.  Where’s the infrastructure?  Now we find out that only 25% of the bill had anything to do with infrastructure. We did get a $20 million heated sidewalk.  

 Americans were lied to with regularity during the Bush and Obama administrations and now with Biden.  We were not allowed to get what we wanted during the Trump administration… nor were we allowed to get what we voted for in 2020 and in 2022.  Not allowed?  By whom?  The Globalist Uniparty.  Since Tucker Carlson reported that the CIA had a hand in the JFK assassination, one can imagine Uniparty implication.   Representative Constitutional Democracy is dead in America!  It is dead because the Uniparty has willed it so.  Their power is more important than your freedom and liberty. It is considered ultra-conservative today to preserve our nation as founded. There is, however, a cadre of Republicans like Andy Biggs (AZ), Bob Good (VA), Andy Harris (MD), Lauren Boebert (CO), Matt Gaetz (FL), Matt Rosendale (MT), Eli Crane (AZ), Chip Roy (TX), and Byron Donalds (FL) that are determined to fix Washington, and they will not be deterred.   They refuse to compromise with a political cartel that is destroying America, or Kevin McCarthy who has a Conservative Review score of 54% (F).  They are our last refuge in this government…true courage!  These Representatives are doing their job.  They are representing their constituents who put them there and standing for the principles for which this country was founded.  What a concept.

Maybe McCarthy will lower his head a bit in remorse for his past political transgressions.  We are no longer the same country. It’s in the hands of the globalist establishment and they are not about to let go.  Oh, they may have allowed us to win a thin margin in the House because the number of votes couldn’t be overcome, or they just want us to think everything is normal, but who is the Speaker of the House?… an establishment shill?   Trump was sold as the anti-establishment president, yet many of his appointments were head scratchers.  It was a swinging door.  It was no surprise that he couldn’t get the wall built or the swamp drained.  Paul Ryan was Uniparty. Trump constantly criticized Bush’s WMD/Iraq war and then he appointed Bolton as National Security Advisor.  Go figure. I am not an anti-Trumper, but during the Trump administration, it became apparent that it was going to take more than a president to fix this country.  Trump was checked at every turn until his checkmate in 2020. In times of emergency, some react quickly, some slowly, needing time to process, in many cases to their detriment.  Now that agents from Hell are working to undermine our nation, removing the foundation holding it up, people are still trying to process what is happening in spite of all the evidence. 

Time is running out. My great fear is that the Uniparty is going to continue destroying our country for their purposes without opposition. Elections now seem futile.  The judicial system has been neutered.  Congress and the judiciary does not act even when they have legal precedent. Partisanship has taken the place of patriotism. Too many of our patriot politicians are mealymouthed, instead of expressing outrage. Profiles in courage seems relegated to a remote past. The new Congress must take the lead in fixing our country.  If the people take the lead, it is not going to be pretty. If enough people feel they no longer have a say in our government, my fear is that they will push back, and push back hard.  Americans will put up with just so much. 

Admiral Yamamoto recognized this after Pearl Harbor and said with regret, “I fear all we have done is awaken a sleeping giant and fill him with a terrible resolve.”    Will the Uniparty relent, give power back to the people and bring us peace and stability or hold on to their power with a jealous obsession and inevitably bring about violence?  What does history say?