QUESTION: Looking at Socrates, do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for commodity inflation into 2024. How would you define a recession?
EJ
ANSWER: In trading, reactions are 1 to 3 time units. I believe that the same definition should be used for classifying a recession. They define a recession as two consecutive quarterly declines. If you look at the “Great Recession” of 2008-2009, you will see three consecutive quarterly declines and a rebound. If we look at the COVID recession caused by locking everyone down, that was just two consecutive quarterly declines.
I personally would argue that a true economic recession MUST exceed three consecutive declines. Here is the chart of GNP from 1929 to 1940. There were three years of negative growth. I simply think that this definition of two quarters is wrong. You can have a slight decline of 1 to even 5%, but that does not suggest a recession. In the case of 1929, that was a decline of 9.5% in 1930 – the first year. Now look at the COVID Crash, which was also a decline of 9.53%. But the difference is that the COVID decline was forced and not natural. That is why it rebounded so quickly. Now the so-called “Great Recession” of 2008-2009 only saw a decline in GDP of 3.47%.
The “Great Recession” was not really so great. It wiped out real estate and bankers but did not fundamentally alter the economy. So who is right and who is wrong will always depend upon the definition. Yes, the AI Timing Arrays point to a recession starting Next Year by their definition. This will most likely be caused by the decline in confidence that will lead to UNCERTAINTY, and as such, the consumer will contract. Up to now, the continued expansion of the economy into 2024 has also been fueled by the shift in assets from public to private.
As originally forecast, we should have seen a commodity boom into 2023,
and we should expect a highly authoritarian attempt by 2028.
QUESTION: You said that when Rome fell it took 700 years before gold coins reappeared. Are we facing something like that again?
PO
ANSWER: Yes, when Rome fell, gold continued in the East under the Byzantine and Islamic Empires. However, in Europe, the last Western emperor was Romulus Augustus (475-476AD) who was a puppet anyhow. He was a young son, whereas today, we have senile leaders who are puppets and incapable of independent rational thought. The first gold coin to reappear in Western Europe was that of Frederick II of Sicily (1231-1250AD). The Augustale was a gold denomination of about 5 and a half grams which Frederick II introduced to Sicily in 1231AD, and it was primarily issued for international trade.
Actually, Fibonacci (1170-1240 AD) published in 1202 his “Liber Abaci” (Book of Abacus). He introduced Hindu-Arabic numerals into Western culture. Suddenly, this allowed the calculation of numbers that were not taught in schools and was unknown in Christian circles. Only a very small group of intellectuals had access to translations of the Arab mathematician al-Khwarizmi (780-850 AD). The techniques that Fibonacci introduced were groundbreaking to re-establish a culture that lost its identity with the fall of Rome. Fibonacci illustrated practical problems on how to calculate profit margin, money changing, barter, conversion of weights and measures, partnerships, and, last but not least, interest. He also introduced some geometry and algebra.
However, Fibonacci’s work was so earth-shattering it became the topic of discussion and caught the attention of King Frederick II of Sicily. I believe it was Fibonacci’s introduction to mathematics that also inspired Frederick II to even reintroduce gold coinage in order to trade with the outside world. At the time, that included the Arabs as well as the Byzantines. The gold dinar was the Islamic medieval gold coin first issued in 696–697AD by Caliph Abd al-Malik ibn Marwan with a weight of 4.25 grams. Frederick II made his coin about 1 gram heavier in order to project economic power.
The introduction of CBDC is highly dangerous in war; even a nuclear blast also sends out an EM pulse that will destroy electronics. If I were Russia or China, I would NOT move to any sort of digital currency and then use an EMP against the United States. The entire economy would collapse. People would not even be able to buy anything. We have idiots in power who are so greedy, looking at the power this will place in their hands, they are ignoring the risks. This could mark the collapse of Western society, sending us back to the days of Barter.
The Post-2032 era would most likely be fragmented rather than national states as we know them today. There will most likely emerge regional currencies, as we have witnessed throughout history many times. Even during the Great Depression, over 200 US cities resorted to issuing their own money.
COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.
HK
ANSWER: You do not buy the bonds of your enemy so they can buy weapons to wage war against you. It just does not make any sense.
COMMENT: Mr. Armstrong, At first, I questioned why you were more pro-Putin than the media. But given your reliable forecasting and being renowned for your sources, I kept an open mind. Whilst it is becoming clear that Putin has been going after the people who wanted to nuke and totally invade Ukraine, the media seems to overlook that agenda of invading all of Ukraine. Yevgeny Prigozhin disagreed with Putin on only protecting the Donbas. Igor Girkin, who advocated the invasion of Ukraine, was also arrested. The press even tried to pretend that China’s Xi warned Putin not to use nuclear arms in Ukraine when he was against it. Putin did tell the leader of Chentna that a nuclear on Kyiv was off the table. I can see what you have been pointing out. Putin has been the moderate.
Now the British press is admitting that Ukraine is a disaster. The WSJ also just came out and said the United States knew Ukraine was not up to this offensive. I must say, you and your sources are better than anyone out there. Your comments that you had dinner at Trump’s place when he was president and wanted to exit Afghanistan because he was anti-war were very interesting. You actually have the contacts, not conspiracy theories.
I just wanted to say that now I value your comments more than anyone else.
Keep up the good fight. I hope Scotty does not beam you up just yet.
Paul
REPLY: Thank you. My sources are renowned because they all share the same passion for truth. We all work together, sharing information that is off the grid so-to-speak. We all understand how we are being manipulated by the media, which I am so disappointed in for not being independent. The mainstream media was supposed to protect our liberty – not sell it to the highest bidder. News to them has become opinion – not fact.
I feel sorry for all of those who have been brainwashed to hate Trump, for they have been manipulated into being supporters of World War III. When Iran shot down an unarmed and unmanned American drone, Bolton was pushing for the US to attack Iran. As I have said, he would bomb Canada for one Russian. He is a hateful Neocon. Trump said no. It was not manned, and it was unarmed.
John Bolton would have started another war over a drone. The Neocons have launched all of these actions against Trump BECAUSE they know if he ever got back into the White House, they would be fired or perhaps even put on trial. As I have said, if they did this outside of Washington, they would be charged criminally for hate crimes.
I have met many heads of state. I am the longest person ever held in civil contempt for refusing to turn over the source code to Socrates. I have stared these people in the eyes face to face. What I write is not a conspiracy or just an opinion – it is a fact. I was asked to covertly invest $10 billion to take over Russia back 1n 1999. They blackmailed Yeltsin in their attempt to rig the 2000 Russian election. That is why Yeltsin turned to Putin, who was a nobody – not a politician, not a communist, and not an oligarch. I was in the middle of all of this shit. I know what happened.
They threw me in with the terrorists from the World Trade Center, all to prevent me from communicating with my lawyers while they took them away. They threw me into solitary confinement and took all my legal preparation away so they could sift through it all to see what my defense would be. They even tried to kill me, but I survived to their dismay.
You do not know what these people will do to ensure they win. They own Wikipedia, which is now joining the agenda to shut down all dissent on climate change, for that is in the works for the next lockdown when civil unrest rises. I feel sorry for the people who actually think elections are not rigged. Wait for 2024. We will see massive civil unrest, for it will become obvious what they are doing to the world.
Ukraine is a complete disaster. I have been warning that our sources from UKRAINE, not Russia, have been warning that the country is on the brink of collapse. The American Neocons are being confronted with the fact that there NEVER was any chance that Ukraine would defeat Russia and putting this high-heel questionable gender dancer in high heels in charge of war was in itself a war crime. There is absolutely no war Ukraine can win anything. This is why Zelensky has been so desperate o drag in NATO because he knows they cannot retake the Donbas no less defeat Russia. The American Neocons were hoping to weaken Russia so they could contrive some scheme to justify going in for the kill.
There are rumblings behind the curtain now that a peace deal has to be struck of Ukraine will collapse if their own troops do not rise up and assassinate Zelensky for his profiteering and slaughter of his own people. After all, numerous Roman generals found themselves in a position where they did not want to fight so they assassinated their leader. In the case of Maximinus I (235-238AD), his own men, humiliated by their defeat, now entered the tent of Maximinus and murdered him. To demonstrate their new loyalty to Rome, they cut off his head and sent it to Rome. This was no isolated incident. It became rather common for the troops when ordered to fight a wrong war, turned to assassinate their own general.
“Western military officials knew Kyiv didn’t have all the training or weapons—from shells to warplanes—that it needed to dislodge Russian forces. But they hoped Ukrainian courage and resourcefulness would carry the day.”
The fact that this even appeared in the press shows that there is discontent behind the curtail. All we have heard to date are lies about how Russia is weak and losing. That is precisely the opposite of the truth and that is info from Ukraine – NOT Russia. Zelensky has kept up a false image of victory only to keep the money flowing into Ukraine. The population of Ukraine had stood at about 36 million before the war. At least 500,000 are now dead and the real number of Ukrainians who have fled their home may now exceed 10 million. Zelensky has destroyed his country all for the Donbas which was never Ukrainian territory nor occupied by Ukrainians. This has been a proxy war against Russia and Zelensky has BETRAYED HIS OWN PEOPLE for a handful of silver.
Selensky’s dream of selling Ukraine to Blackrock is really disgusting. He has had no problem letter his country brun because the more that burns, the greater the rebuilding project. He has been bragging that this will be the biggest investment opportunity for Europe with no mention of how many Ukrainians must die for he dream. Many have compared him to Nero letting Rome burn so he could build his grand golden palace.
Poland is likely to take Western Ukraine in the outcome here. That was their territory 1918-1945 and the Ukrainians slaughtered more than 100,000 Polish simply for ethnic cleansing. What is not given a lot of attention is that within Ukraine, there are ethnic Polish and Hungarians who have also been abused by the Ukrainians. The Ukrainians did far worse than just killing Polish for which they have refused to ever apologize.
The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.
The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:
Running children through with stakes
Cutting a person’s throat and pulling their tongue out through the hole
Sawing a person’s torso in half with a carpenter’s saw
Cutting open the belly of a woman in an advanced stage of pregnancy, removing the fetus, and replacing it with a live cat, before sewing up her abdomen.
Cutting open a pregnant women’s abdomen and pouring in broken glass
Nailing a small child to a door.
In retribution, Ukraine is likely to lose the Western provinces to Poland. As I have said before, Ukraine had finally achieved sovereignty. They have thrown that all away for their hatred of Russians when in fact the
What the Ukrainians overlook is that Stalin’s seizure of the food from Ukraine and their starvation have two MAJOR factors they do not want to acknowledge.
(1) Stalin was not Russian, he was from Georgia.
(2) Stalin’s right-hand man proposed starving Ukraine and he was Ukrainian – NOT Russian.
Lazar Kaganovich (1893-1991) was in charge of taking the food from Ukraine. Some say he was Jewish and sought retribution against the anti-Jewish attitude in Ukraine. His real name was KAGANOVICH, LAZAR MOISEYEVICH. He joined the Communist Party in 1911 and became a member of the Kiev committee of the party in 1914. The following year, he was arrested and restricted to residence in Kabana. He fled Ukraine and lived in various parts of Russia under the false name of Kaganovich. There he played an active role in the October Revolution in the Red Army. He rose to be the right hand of Stalin and then convinced Stalin to take the food from Ukraine most likely as retribution for his arrest.
Ukraine is a very troubled country. Its people suffer under propaganda and Bandera’s philosophy was pure hatred and ethnic cleansing. In speaking with some very naive Ukrainians, they were told they had to fight for Russia and would not stop with the Donbas. Now they will lose a lot and the West is more likely to be taken by Poland. The only peace deal will be to surrender the Donbas to Russia. Odessa at best would be a neutral demilitarized city to allow access to a port for exports. Zelensky is desperately still seeking to get NATO to intervene and now escort their grain exports. He will never be satisfied until he creates world war III. The entire population of Ukraine stands at best 0.4% – not even half of one percent of the world population.
Ireported in June that the Ukrainians would claim Russia had targeted their wheat silos, and it all comes back to the Ukraine Reconstruction fund by JPMorgan Chase and BlackRock. BlackRock had a tape leaked of a recruiter discussing Russia blowing up Ukrainian wheat silos, causing wheat prices to skyrocket due to shortages. The employee said that Ukraine is great business for BlackRock. As I mentioned earlier:“Our war cycle indicates tensions will pick up in 2024 – hold on tight. Expect false flags of Russia targeting wheat silos and soaring food prices. Everything is aligned with the Great Reset; this is the branch that is aiming to financially alter the world while others are working on destroying society from within. Ukraine must be destroyed to BUILD BACK BETTER the global financial system.”
And here we have it, folks. Kiev announced that Russia has destroyed 60,000 tonnes of grain in Odesa. The grain was allegedly set aside for imports, so it will not be Ukraine’s fault when food inflation spikes. “The grain infrastructure of international and Ukrainian traders and carriers such as [Ukrainian] Kernel, [Canadian] Viterra and the [French] CMA CGM Group suffered the most,” the ministry said. “The world’s food security is once again in danger,” it added.
Now Zelensky is saying the Russians deliberately targeted the grain. Yet, those funding Ukraine are relying on wheat prices rising and this benefits Ukraine greatly. Food prices will rise and everyone will blame Russia. Meanwhile, those funding the war are sitting back and laughing at the entire world for they knew the plot all along.
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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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