“Legendary financial and geopolitical cycle analyst Martin Armstrong has new data on how well the Biden economy is doing. Spoiler alert: It’s not doing well, and the financial system is about to tank. I asked Armstrong if the US government could default on its debt if countries around the world continue to stop buying it? Armstrong explained, “I think the US could default on its debt as early as 2025, but probably in 2027. We have kicked the can down the road as far as we can go. It’s not just in the United States. Europe is in the same boat. So is Japan. This is why they need war. They think by going into war, that’s the excuse to default on the debt. They simply will not pay China. If they try to sell their debt–good luck. We are not redeeming it. The same thing is happening in Europe. So, once that happens, you go into war, and that is their excuse on this whole debt thing to collapse, which wipes out pensions etc. Then they can blame Putin. This is the same thing Biden was doing before saying this was Putin’s inflation. Then, with the whole CBDC thing (central bank digital currency) . . . . the IMF has already completed its digital coin, and they want that to replace the dollar as the reserve currency for the world. . . . These people are desperately just trying to hang on to power. Nobody wants to give it up, and nobody wants to reform.”
I asked Armstrong what should the common person be doing now? Armstrong surprisingly said, “I think you need, safely, two years’ worth of food supply. . . .This is what I have. It’s not just prices will go up, but mainly because there will be shortages. Then, you do not know what they are going to do with the currency. . . . They will do whatever they have to do to survive. That’s what governments always do.”
Armstrong says his most recent data suggests that government approval ratings in the USA are worse that Biden’s 8% approval rating. Congress, according to Armstrong, is dragging the bottom with a 7% approval rating. Armstrong has long said that people will buy gold and silver when faith in government crashes. That is exactly what Armstrong is seeing around the world today. Gold is bouncing around the $2,300 level, and Armstrong sees “a new gold and silver rally coming soon.” War is also coming sooner than later with the announcement that Ukraine will be joining NATO as early as July. When the next war starts, Armstrong warns, “You are going to have to watch the bank because long term interest rates are going to go up. Nobody wants to buy government debt, and you are going to have to hunker down at that stage in the game.”
Armstrong is also predicting a big turn on or about May 7th of next week. Armstrong predicts a recession will start then and go on until 2028. GDP will continue to fall, and inflation will continue to rise. Armstrong says it is the perfect storm for a dreaded “stagflation economy.”
Posted originally on Apr 15, 2024 By Martin Armstrong
It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path of capitalism, whereas the West insists on continually moving toward socialistic policies.
Milei has pushed forth an emergency package in an attempt to balance the budget and introduced an austerity package worth around $1.4 trillion. He famously slashed government agencies that contribute nothing to the economy. Every public employee on payroll for less than a year has been terminated. He is aiming to reduce government by 34% overall. Transfers to local government have ceased.
He has called his measures a form of “shock therapy” for Argentina’s economy. Milei agreed to devalue the nation’s peso from around 350 to 800 pesos per USD. He has eliminated quotas on imports and exports and removed the licensing that was difficult to obtain. There is a temporary rise in taxes for non-agricultural trade that brings it on par with industry standards. Transportation and energy subsidies have been eliminated.
The Western media has only supported stories criticizing Milei for being a right-wing fanatical, the Donald Trump of Argentina. No one wants to report that his policies are effective and the improvements have been immediate. This man was brave enough to stand in front of the crowd at Davos and criticize them for their flawed ideologies. “The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism,” Milei said to a hostile crowd at Davos. “We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world—rather they are the root cause.”
He said there was no one better to testify to this sentiment than the people of Argentina, who saw their nation fall after adopting collectivism/socialism. He believes unrestrained free market capitalism is the only way to end poverty and cited that the Industrial Revolution marked the first time the global economy truly saw growth. He said that collectivism has become fashionable in the West in recent years, but his nation had been declining for 80 years due to this illogical idea.
Those in charge want us to believe that capitalism equates to greed while collectivism is seen as a form of social justice but, of course, requires the money of others. Free enterprise is under constant attack, and Milei is one of the only world leaders fighting for its existence. “Social justice is not just. It doesn’t contribute to the general well-being,” Milei said to Davos, citing that socialism is “intrinsically unfair” and forces the state to attack the people for taxes. “Can any of us say that they voluntarily pay taxes?” he asked the crowd.
This is the first time Argentina has had a surplus in over a decade. Some may not realize how drastic these changes have been for the nation and undoubtedly proof that reregulation is efficient. Allowing the market to operate freely is the only logical option. The public sector is an absolute drain on a nation’s resources, and slashing tens of thousands of needless jobs and dozens of cabinets has helped Argentina in the short and long-term.
Posted originally on Apr 16, 2024 By Martin Armstrong
The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest threats to the global economy. The COVID lockdown pushed these issues into overdrive, and world leaders usurped power that they have refused to relinquish.
This is a global issue. Canada’s opposition leader Pierre Poilievre has highlighted how much has changed within one ECM cycle, as the last major turning point hit in 2015, and asked Parliament to imagine they had awoken from an 8-year coma.
Eight short years ago, Canada boasted one of the strongest middle classes in the modern world, surpassing that of America. Taxes were actually declining in Canada, falling faster than at any other time in the nation’s history. Crime had decreased by -25%, and people felt safe in their hometowns. The immigration system was efficient, the borders were closed, and there was no migrant crisis. Housing was affordable, costing less than half of what it does today. The nation had a balanced budget.
Poilievre mentioned that there were global conflicts at the time in Syria, Afghanistan, and even Ukraine but none of them were causing inflation at home. Prime Minister Harper had much different policies in place.
Inflationis now rampant, and even after hitting a 40-year high in 2023, it remains 50% above the 2% central bank target. Canada’s economy is shrinking per capita and is expected to have the worst OECD growth of all 40 member countries for the next five years. There is a massive housing crisis in Canada, surpassing that of America, and homelessness is on the rise. The Canadian borders are open, migrants are encouraged to come to the nation despite the lack of housing, and millions of unvetted migrants are now within Canadian boundaries. Taxes are rapidly rising as Trudeau supports World Economic Forum initiatives like carbon taxes and reducing fossil fuels at the expense of the people. Canada has sent a fortune to Ukraineand continues recklessly spending on initiatives that in no way benefit Canadians.
Poilievre is on Trudeau’s tail. It is no wonder that nearly half of Canadians wish to elect a new leader in 2024 instead of 2025. Trudeau is losing his grip over the Canadian people who have become disgruntled with the unsustainable cost of living, rising crime, and increasingly tyrannical government.
It is incredible how much can change within one wave of the ECM. I can assure you that the world will be a very different place by the next one.
Posted originally on Apr 16, 2024 By Martin Armstrong
Aristotle believed that after Pericles died in 429 BCE, the demos continually appointed charismatic demagogues who damaged Athenian democracy. The three main Greek philosophers were against Democracy because the people were too stupid and uneducated. This is where we had even John Kerry claiming Trump’s election was because of “populism,” and this must be prevented.
Once again, the United Nations discourages individualism with this same philosophy that we are too ignorant to understand what they know. As Sir Huxley wrote when forming the United Nations, “unrestricted individualism is equally erroneous.” So much for human rights. We should have no right to vote, and in reality, these people claim to be defending democracy against autocracy when, in fact, we do not live in a democracy at all. They call Russia an autocracy when, in fact, we have no right to vote if we should go to war. We are too ignorant to know what to do in life.
There is an all-out assault on Democracy, and it is not from Trump. Here is Klaus Schwab, who is the poster child for authoritarian government and the suppression of human rights. We are too stupid to be allowed to vote since we are beneath the level of intelligence of those who know better. When Trump was elected, that is when Democracy became Populism – and that was not acceptable.
QUESTION: Many people who are Jewish and Christian would love to destroy the Dome of the Rock. We hear Christian zealots pushing this event to bring about the Second Coming and Armageddon. Does Socrates show anything on this subject?
Do you plan an update on your Middle East War Report? It’s been almost ten years, and 2024 is here.
IW
ANSWER: I have visited the Dome of the Rock and paid my respects. Jerusalem is the crossroads of three major religions – Jewish, Islam, and Christian. Disputes over specific locations abound throughout the city. There has been a long-running and undeclared war between two of Israel and Iran – the Middle East’s most implacable foes. I am deeply concerned that 2024 was the target year for this confrontation to burst to the surface. The October 7th Hamas/Iran attack on Israel was the beginning.
To the Jews and Christians, this is known as the Temple Mount, while the Muslims call it the Dome of the Rock. It contains a huge rock that the Jewish tradition says is that this is where Abraham was told to sacrifice his son. To the Muslims, the rock is the spot from which the Prophet Muhammad was taken up into heaven for an encounter with God (an event known as the Miʿrāj). Thus, it is the same rock, symbolizing the clash between these religions.
There are some Christian Zealots who want to destroy the Dome of the Rock to force the Second Coming and Armageddon. Yet there are also far-right Jewish Zealots advocating the destruction of the Dome of the Rock to pave the way for building a Jewish temple. The initial construction of the Dome of the Rock was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik back during the Second Fitna (691–692AD). It was constructed on top of the very site of the Second Jewish Temple, which had been constructed in c. 516AD to replace the destroyed Temple of Solomon was reconstructed by Herod the Great, the Jewish King of Judea from 37/6BC to 4/1BC. It was that Temple that the Romans destroyed in 70AD.
It was only after the Six-Day War was over by June 10th, 1967 (1967.441) that Israel’s capital city, Jerusalem, was reunited. For the first time in 19 years, the Old City was open to believers of all faiths, and Jews could access their holiest sites. I was fortunate to have visited everywhere in the late 1970s. Cyclically, that was precisely on time under the model.
It was 51.6 years right on target from the Six-DayWar that the negotiations began, and within two months, on March 25, 2019, then President Donald Trump signed the Proclamation on Recognizing the Golan Heights as Part of the State of Israel. It was then, from May 3rd to 6th, that the Gaza–Israel clashes began (May 2019) also on time.
Israel allowed Jews to pray on the Temple Mount. The Jews have been praying at the base of the Temple Mount, where the old Temple Wall still remains. Jordan, the custodian of the Dome of the Rock, demanded that the government cease Jewish prayer on the mount. The Israeli government avoided formally addressing these silent prayers. They occur on the eastern side of the Dome of the Rock/Temple Mount, albeit without traditional Jewish prayer items such as tallit, tefillin, or siddur.
Our computer has been projecting a rising confrontation and has targeted 2024 as the key turning point. I also reported on that in the February 13th, 2023 post in the last update. Yes, I will update this.
Posted originally on Apr 12, 2024 By Martin Armstrong
QUESTION: Can central banks not even manipulate the markets?
FS
ANSWER: No. Here is the track record of the central banks when they created the Group of 5 (now G20) in 1985. I warned them they would create a crash within two years. But look at what happened. The fools assumed the central banks could manipulate the dollar. When the Plaza Accord took place, the dollar had already peaked. Because the fools thought the decline was all because of the central banks, when the dollar had fallen too far, they held the Louvre Accord and came out saying the dollar had fallen far enough. When the dollar moved low again, the 1987 Crash too place BECAUSE the central banks were perceived to have no control.
I was named FOREX Person of the year for calling the collapse of the Swiss/Euro Peg. I even met with the Swiss central bank and warned them, They said they would be able to hold the peg and and said now way. I have met with more central banks than probably anyone – ever. I have been in the room when the red phone was ringing between the G5 on manipulating currencies. I need not engage in conspiracy theories. We have first-hand experience.
Even go back to the US Civil War. The dollar was collapsing, and the price of gold soared regarding greenbacks. Lincoln did everything. He shut down gold trading on the New York Stock Exchange. They then traded on the curb and created the Gold Room. Nothing worked.
Here is the New York Times from November 18th, 1864. They observed the “folly of attempting to regulate the price [of gold] or any other article of traffic by forcible interference.” Anyone who claims that gold was suppressed because of manipulation made that up because they do not understand that gold DOES NOT rise linked to inflation. Gold soars when there is a collapse in confidence in government and in times of war, just as it did during the Civil War.
Gold declined for 19 years while inflation rose and the National Debt exploded. Gold has rallied only when the CONFIDENCE in government has declined as we are seeing today. People are getting very tense. In Texas, a guy drove his 18-wheeler into a Texas Public Safety office after being denied a Commercial Drivers License.
CONFIDENCE has collapsed by about 50% since 1980. The movie coming out tomorrow on April 12th is the Civil War. Such a movie 20 years ago would have been unheard of.
It took the Roman Empire about 314 years (Pi) to realize that it was just too big and complicated for one man to rule. The Tetrarchy was the system instituted by Roman emperor Diocletian (284-305AD) in 293 AD to govern the Empire by dividing it between two emperors, the augusti (presidents), and their junior colleagues and designated successors, the caesars (Vice Presidents). We have reached a critical impasse where the remaining years into 2032 will get difficult. The country is divided, and the agencies are so corrupt that the government is no longer functioning.
The Gallup Poll reflects this, whereby confidence in combined government and institutions in 2022 collapsed to 28%. We are now approaching below 20%. When it comes to Congress, they are at the bottom of the list, next to TV news. People trust small businesses more than anyone—the sector Biden has been trying to destroy.
We are rapidly approaching the collapse of the United States and all of Western Society. Confidence in the British government is down to 13%. The corruption has spread far and wide in Western governments and there is no hope of our survival at this point in time. Those in power will NEVER surrender their power. They said you could vote your way into Communism, but you had to shoot your way out. I hope the same is not going to be true with what we are facing right now.
The November election seems almost light-years away, and these Neocons and Climate Zealots are fools and have no idea that they are destroying Western society. In fact, these Neocons are so ignorant of the world economy that we have a MAJOR CRISIS on the horizon. Indeed, 80% of all drugs used by Americans are imported. Bashing China not only threatens our economy and pushes the government into default if foreign buying of US debt stops, but the health of many Americans is dependent on China.
Meanwhile, the expected retaliation of Iran against Israel does not need to be a nuclear attack. Iran is far more likely to respond with a chemical weapon intermixed with conventional weapons that go unnoticed at first. The effects of this can be strategic long-term, seeking to eliminate the problem of Israel once and for all. It seems everyone is just going nuts. It must be the eclipse. They were always a bad omen among the ancients.
Once upon a time, we had leaders who sought world peace. Today, the Deep State loves Biden because he is not even there 40% of the time. These Neocons are waging war, praying to force Russia to attack, so they then will finally get a Declaration of War from Congress claiming they are the aggressor as Roosevelt did with the Japanese. Thanks to the media always beating the war drums they are paid to create World War III.
Roosevelt was inflicting embargos on the Japanese, freezing their money, and cutting them off from all energy. When they turned to buying fuel from other nations, Roosevelt threatened to blockade their ships. Is it any wonder why the Japanese attacked Pearl Harbor to eliminate the US fleet after the threat of an embargo?
What we are doing to Russia is exactly the same way Roosevelt treated the Japanese. There will be only one resolution – World War III. I do not believe that those in Washington and Brussels are this stupid. This is DELIBERATE, and they are trying to provoke Russia to attack, as did the Japanese. They will then claim we wear the white hats and Russia is the aggressor with an unprovoked attack. It worked before. There was even a Senate investigation after the war into the fact that Roosevelt knew Pearl Harbor was to be attacked and pulled out the important ships, all to force Congress to enter the war.
Just like the President used Executive Orders to circumvent Congress and the Constitution, we do the same. We probably do not even have enough time to pull this off. I have been expressing this behind the scenes.
While the Senate must approve the White House appointments to courts and agencies, they DO NOT have approval over the direct personnel of the President or who they select for Vice President. This is my proposal! The President, Vice President, and Chief of Staff create a TRIPARTITE Ticket whereby the Chief of Staff will oversee the agencies. This is absolutely critical!!!
For those who attended the WEC last, I brought on stage the former chief of staff in the Financial Services Committee in the House of Representatives. He explained how Congress really works and to become the leader is not the person championing change but who plays ball with the status quo. All of the Agencies are on the take. They are now controlled by the very people they are supposed to be regulating. We need an AGENCY CZAR, but we cannot create another agency, for that means Congress gets to supervise, and they will be paid off to block it.
It is well known that The Deep State, the Fourth Branch of the government, is totally UNELECTED! They include all of the Administrative Agencies. It was this Fourth Branch that was out to overthrow Trump in 2020. The entire COVID Scam was directed NOT by Fauci but by Mike Pence with Debroach Birx. Birx sent instructions to all the governors precisely the opposite of what Trump ordered. She is the one who closed the schools, and she is the one who put in place the ZERO infections at all costs. She was part of this unelected Fourth Branch. They were deliberately trying to destroy the economy to make sure Trump would lose the election.
Right now, before the Supreme Court is a case, many hope will be overruled – the Chevron rule directing judges to defer to this Fourth Branch and use their own laws. The Chevron Case has created an intolerable SWAMP, and unless the Supreme Court overrules Chevron, there is no hope of ever getting control of our government back.
This is why we need a third position: corruption has consumed the government so much that this unelected dictatorial Fourth Branch is above the law in every possible way we look at it. We need a Chief of Staff who is not subject to appointment by the Senate to oversee the agencies. With the power to fire anyone, the office of Inspector General should be provided with the power to indict anyone in government as the Tribune of the Plebs was permitted during the Roman Republic. The Department of Justice has shown that there is no rule of law pushing to indict Trump, yet at the same time, it is refusing to treat Biden the same.
The Justice Department put Peter Navarro in prison for refusing to comply with a subpoena from Congress and then refused to honor subpoenas regarding Hunter Biden. The Judge actually said, “Are you kidding me?” They threw in prison anyone connected to Trump while they violated the very same subpoenas regarding the Bidens. You just cannot make this up. We are too far gone now.
In this third position, a Chief of Staff who effectively becomes the Agency Czar, supervises the agencies. He can be given the power to fire any bureaucrat in an executive order, just as Biden tried to make it impossible if Trump is elected to prevent him from firing the Neocons and Climate nut-jobs to ensure Biden’s bureaucrats are untouchable.
Now Listen to RFK Jr. He was NOT anti-vax, and the propaganda portrays it. All the media is bought and paid for, and they care nothing about society, your health, or the survival of the nation. They simply mouth what they are paid to do from above. Listen carefully to what he says about dealing with agencies.
As I have said. I would get the flu shot, and my kids were vaccinated. With corruption in ALL the Agencies, I would no longer take a vaccine for anything since they are making everything MRNA created by their computers and are not properly tested. They do not rely on the age-old method of creating vaccines with a real disease sample to get your body to resist it. Because they have paid off the officials for absolute immunity and are funding the agencies that regulate them, there is not anyone left the people can trust when the government is for sale.
Every agency is beholden to the very entities it is supposed to regulate. The CFTC and SEC will ONLY criminally prosecute small firms. The big firms pay only fines for blowing up the economy. They will pay a large fine, like Goldman Sachs’s $5 billion for its mortgage-backed securities in 2016 against their annual profit of $27.9 billion. It amounts to just a royalty as the CDC gets from big Pharma.
There is a major systemic corruption crisis that has undermined the entire government. In finance, for years there have been serious issues with what has been called the Revolving Door at the Securities Exchange Commission. The very companies that are supposed to be regulated routinely hire from the SEC and as such, this contributes to the SEC refusing to prosecute the very companies that hire them. They tear apart small firms for minor infractions and never touch the major firms that they hope to land a high-paying job.
Then, Goldman Sachs puts in place its own people to head various agencies from the Treasury to the SEC and CFTC. This is a standard practice that has been in finance for decades. Bill Gates and the Drug Companies are doing the same with the health industry. Instead of bankers never being prosecuted, we have health agencies compromising our very health at the direction of the people they are supposed to be regulating. Joe Biden put in Gary Gensler as the new head of the SEC, who is an ex-Investment Banker from Goldman Sachs. He also advised Biden on the Federal Reserve staff.
Even Elon Mush starts hearing the same thing from behind the curtail. These people are insane, but they do want to create World War III to reduce the population. This election is so important, for if Biden is reflected, the SWAMP will consume us, and the computer is projecting there may not even be an election in 2028.
RFK Jr. has experience as a lawyer. He will be overwhelmed as president, which is what they will do. However, he knows the problem, and we should have a Triparte Ticket with RFK Jr. as the Chief of Staff Agency Czar, Trump, at the head of the ticket. I would select Rand Paul for VP.
The government is far too large for a single person to run. The vice president should have more than just a ceremonial position. The Agency Czar needs power to really drain the SWAMP. Of course, I am only dreaming. We have to crash and burn, I suppose. I am glad I am not 18 years old. This will become someone else’s problem. The target 2032 will be (3 x 8.6) 258 years from the Boston Tea Party on December 16, 1773. Then, on May 17th, 1774, Rhode Island called for an “Intercolonial Congress” of the Colonies to be created. Then, in response to the Boston Tea Party, on June 2, 1774, England passed the Intolerable Acts demanding that their troops, under the new Quartering Act, required American colonists to provide better housing for British soldiers upon demand. This was followed by unifying the colonies, and the Revolution was set in motion. On September 5th, 1774, the First Continental Congress assembled in Philadelphia.
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 