Posted originally on Feb 15, 2024 By Martin Armstrong
Cities across America are watching their budgets implode due to the migrant crisis. Instead of deporting the people who entered illegally, cities are beginning to cut their budgets to reallocate funds. So the taxpaying public are having their contributions unfairly stolen by their politicians to pay for illegal activities.
Denver is one of many sanctuary cities that is now slashing their budgets to make room for the migrants. Denver Mayor Mike Johnston announced public services will be cut by $5 million, and predicts the surge of unknown residents will cost taxpayers $180 million in 2024. The news comes one month after the city redirected $25 million away from legal residents. These politicians have absolutely no scope of the true cost of paying for unemployed migrants who do not contribute to society. They refuse to address the core problem, because that would unmask the true motive behind the deliberate and calculated invasion.
Johnston and other leaders of sanctuary cities continue to blame the Republicans and Trump. Johnston cited the GOP blocking the most recent spending package as the reason for the recent budget cuts. “I want it to be clear to Denverites. Who is not responsible for this crisis that we’re in [is] folks who have walked 3,000 miles to get to this city,” the mayor said. Well, you presented your city as a safe haven for asylum seekers. The truth of the matter is that you did not expect Abbott and others to ship migrants to your door.
“Despite broad bipartisan support, I think [former President] Trump and Republican leaders saw this as a chance that if this bill actually passed, it would have successfully solved the problem facing cities and the border, and they would have rather seen it fail, so they could exacerbate these problems, extend the suffering of American people and of newcomers for their own electoral changes this November,” Johnston continued.
This is actually how these people operate as they believe spending more money, on foreign wars at that, could act as a viable solution. A child with a piggy bank has a better grip on finances. These cities refuse to admit that perhaps building a wall or simply securing the border, GOP-led initiatives, would curb the crisis. Is all of this chaos worth turning your cities blue? Biden has the authority to stop this madness at any time.
We will see more cities slash their budgets as they realize they simply cannot afford to bankroll tens of thousands of people. This will lead to increased civil unrest as Americans watch their quality of life drop as their taxes are misused for political ploys. The asinine amount of money American citizens pay in taxes should not be spent on people from foreign nations, be it on wars or migrants.
Posted originally on Feb 13, 2024 By Martin Armstrong
I do not advise governments to use sanctions for leverage due to the economic implications that may take time to materialize. In April 2020, I wrote, “Once you impose sanctions, you create a cold war. Look at Russia. Nixon opened China to divide and conquer. Are we really that stupid to close China and encourage them to join Russia in a cold war that will further destroy the world economy and most likely lead to real war?” The US and EU attempted to remove Russia from the global economy through sanctions and prohibiting them from the SWIFT network. Putin further explained in his interview with Tucker Carlson why this was a “grave mistake” for the future of the USD.
Using the dollar for political struggles dealt a blow to the USD that has not yet been felt. First, freezing the assets of Russians sent a signal to the whole world that the USD may not be the safest place to park your money if you happen to be in an “unfriendly” nation. Even our own allies have begun downsizing their dollar reserves.
The SWIFT system was never meant to be used as a political instrument. The West began looking into ways to remove Russia from this payment system back in 2014, and when they finally did, Russia began processing its payments elsewhere. Putin also correctly stated in the interview that China, not Russia, is the larger threat to the West in terms of size, population, manufacturing, and, most importantly, the growing power of the yuan.
The BRICS alliance is stronger than ever before as nations are collaborating without the need for the dollar. This does NOT mean that they are planning to replace the dollar, a myth that Putin termed the “BRICS boogeyman” as the Western media portrays the organization as a major threat to global security. However, this does mean that the yuan will grow in strength, as we have seen with the slow death of the petrodollar. The BRICS partnership means that members are no longer dependent on Western energy, and eventually, no one will be dependent on Western trade or debt. Only a fool would buy their enemy’s debt and expect to receive anything in return. Again, this will happen on target cyclically as nothing remains forever. The dollar overpowered sterling, and the yuan is next in line.
There are boogeyman fables that cooperation with China will lead to the destruction of the West, yet that is happening as a result of our leaders abandoning all domestic policies for globalization. Every nation in the EU and North America has made decisions that directly hurt its own economy but are beneficial to the coming globalization that they wish to bring forth, as stated every year at Davos.
“You can’t choose your neighbors like you can’t choose relatives,” Putin stated in regards to China, “We have a centuries-long history of coexistence.” He correctly stated that China always looks for compromise. They are an independent nation that has not fallen to the globalist agenda and there are not neocons within the ranks looking to bring China into perpetual warfare. The media is afraid of the “no limits” alliance between Russia and China, but look at how China has remained relatively neutral since the war in Ukraine began when they could have easily aided their neighbor. Furthermore, Europe is now closer economically to China than Russia is, as Europe is desperate for solutions to its economic issues and sees China as an opportunity.
Putin stated numerous times that US analysts are the ones discussing these problems, and he is simply repeating what he has read. I have not personally advised Putin, but I do believe his people read our work as he was attempting to explain cycles. “It is like the rise of the sun. You cannot prevent the sun from rising. You must adapt to it,” he said as one analogy. Cycles, indeed, are the operating system behind absolutely everything. Civilization does not change; war and periods of economic decline are inevitable. We can merely observe and learn from the trends to adapt accordingly.
Posted originally on Jan 14, 2024 By Martin Armstrong
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.
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.
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.
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.
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 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).
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.
The late Mark Pittman was a journalist for Bloomberg when, once upon a time, there were still a few actual investigative reporters. Mark did a piece on my operation in Japan. He knew what we were doing, that the accounts were mine, not clients, and that I was buying distressed portfolios. Not one client ever signed a complaint, and there was NO DEFAULT. When they charged me. I met Mark at the Hyatt in NYC across from the Train Station. He knew it was a setup and said: “Marty, we are not going to allow them to do this to you.”
The law says that if you commit fraud, you MUST help the victims get their money back. Further proof of how New York City is a cesspool of corruption: when they realized I was helping my clients go after the bankers, they put a gag order on me to stop me from helping my clients against HSBC/Republic. They have been doing the same to Trump. The Special Prosecutor went as far as to demand a gag order on Trump so that he could not even criticize Biden while campaigning. You cannot make up this stuff. If you wrote a fiction novel with these maneuvers, they would say it is too far-fetched.
I think it is absolutely critical as Trump is put on trial in New York City. I was granted bail in New Jersey. Not a single NY journalist ever reported the Truth no less the courts. I was interviewed by a journalist who asked about the bank illegally trading in my accounts. She asked if they were using my accounts to “launder money for the Russian Mafia as they were doing in Madof?” The banks claimed in Madoff’s case not to have known. That is absolutely IMPOSSIBLE, for you have to know your client rules. They verified every account and the corporate documents behind each one. Madoff pled guilty to an information quickly. He was not indicted and could have defended for a few years. The only reason he did so was clearly to protect his family. Just as in my case, the bank claimed it had no idea where the money was. It is impossible to get $1 billion out of a bank, and nobody knows where it went. There is NO SUCH thing as a fair trial in New York City. Trump is doomed there, and this is all about interfering in the 2024 election.
Mark understood the bankers very well. Bloomberg removed Mark from covering my case and replaced him with David Glovin, who could never praise the government more. It was Mark at Bloomberg who battled in court for years to get the details of those bailouts released to the public. Mark was probably the most professional journalist I ever met. I was told after my case began that Bloomberg purged all the reports Mark had previously written about our firm from their terminals and certainly Japan. It was as if Bloomberg was in on the whole scam.
Mark’s wife, Laura, wrote to me about Mark’s death. It was a sad day, for there was NEVER anyone at Bloomberg I ever met who had the integrity of Mark Pittman.
Posted originally on Dec 15, 2023 By Martin Armstrong
QUESTION: Socrates picked up the Hamas attack, marking July as the high with a directional change, then another directional change in September before the attack, a panic cycle into November, and another directional change. The market then bounced. NBC reported that people were speculating in advance of the attack, and it may have been Hamas or the Israelis shorting the market. Socrates picked it up well in advance. Do you think whoever was using Socrates for the timing? They are starting to pick up on your theory about markets moving ahead of events on inside knowledge. You have never received credit for your discovery. That in itself demonstrates the lack of integrity in the mainstream press.
Anonymous
ANSWER: I do not know. Our model cannot say who it is. It might have been the Neocons funding an offshore slush fund as in Iran Contra or the alleged drug trafficking by the CIA. My concern is they always seem to target me and claim I have too much influence because they do not believe anything can be forecast. Just listen closely to Larry Summers. He says the economy cannot be forecasted, and if you could, it would be because of influence.
Some people would love to shut me down and destroy Socrates. That was what the bankers did, complaining to the CFTC after the Russian collapse. It does not matter. They make up schemes, and the press runs with them and NEVER looks too closely. In my case, the bank stole the money and told the government they had no idea where it was. No journalist ever asked how anyone gets $1 billion out of a bank, and the bank has no idea where it is. That much money has to be wired out, and you then know where the wire went. It did not matter how insane the allegation was; NOBODY in the press ever asked that question.
Mainstream media and Wikipedia are nothing more than the American version of Pravda of the old Soviet Union days, meaning TRUTH. Boris Berezovsky wrote a begging letter to Putin asking him to come home and apologizing for his scheme to become president. The press reported that the government claimed Berezovsky committed suicide. His bodyguard said he was killed by MI6. He was part of the conspiracy to seize control of Russia in 2000. He even called me when I refused to invest $10 billion into Hermitage Capital Management to seize control of Russia with the Bankers and Neocons.
Then, the very guy who tied Clinton together with Epstein also commits suicide and hangs himself but also shoots himself with a shotgun. They called that suicide along with Epstein, and mainstream media always looks the other way. Did he shoot himself first and then hanged himself as he was dying? Or did he hang himself and then shoot himself? Did someone hand him the gun?
Some people do not want anyone forecasting anything that hits too close to home. I’m sure they do not like Socrates’ forecast that governments will not survive past 2032. They locked me up in civil contempt to stop the forecasting. They never could prevent this model from the market and still complied with the forecasts. On the floor in 2007, which was the precise day of the high in the Shiller Real Estate Index and the very day Goldman sold its time bomb, they were calling it Armstrong’s Revenge on the floor.
The one that got me into trouble was when I forecasted the collapse of Russia in 1998 and that the stock market would make its high on the ECM which was July 20th. The London FT covered that forecast, and they were claiming it would not have happened but for me. Then the 9/11 World Trade Center attack also took place on the precise day of the Pi Target of that wave.
The ECM Pi target even picked the day Hitler was offered the Chancellorship. That was before I was born, so how did I have the influence to make that happen?
The model picked the very day of 9/11, the ERM Crisis, where Soros made his fortune.
Then there was the very day Greece petitioned the IMF for a loan, for they were broke, starting the financial crisis and the massive migration into Europe to distract from the Greek debt crisis.
The ECM even picked the precise day of the very day of the low for the 1987 crash – October 19th, 1987. All of these events were forecast, and none of them had to do with my “influence,” so it does not matter if they kill me or call it a suicide like Berezovsky of Epstein; it will not change the forecasts. Sorry, 2032 comes if I am here or not. Or perhaps I hang myself, then shoot myself with a shotgun, and they call that as usual – suicide.
In 2009, I warned that the low would be in place and the market would rally to New Highs would unfold as we rallied into the 8.6-year wave in 2015. Barrons ran a story on June 25, 2011, stating the forecast for a long-term bull market. The Dow was only 11450 – about one-third of its present value. They thought that was a funny forecast.
The number of turns following the ECM is astonishing. You cannot make up this stuff. Nevertheless, the world rejects the idea of any ability to forecast outside of fundamental guessing.
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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
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