Category Out of control spending

Jan 10 2023

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?
Jan 10 2023

What’s Going on with Gold?


Armstrong Economics Blog/Gold Re-Posted Jan 10, 2023 by Martin Armstrong

The goldbugs are cheering that there has been a central bank buying of gold. They think somehow that this is because they are bullish on gold. What seems to be going over their heads is what I warned before – when China starts to sell US debt, war is coming.  I have made it very clear that the precursor to war is always capital flows. That will be on steroids this year.

My clients taught me how capital and war move. At conferences, I stated that we were advising the Universal Bank of Lebanon. They found a ledger in the basement where someone wrote down the price of the Lebanese pound every day into the 19th century. They asked if we could build a model. I said sure! Here is a chart from back then. Our model warned that their currency would drop dramatically in 8 days. I thought there was something wrong with the data. Needless to say, I formed the client what the computer said and I commented that something had to be wrong. Very calmly, they asked what currency would be best. I said the Swiss franc. 8 days later the civil war began. The computer was correct. Then the same thing happened with the Iraq-Iran war.

By 1998, I understood the model’s ability to forecast war. I have never created a model to do that. It figured it out all on its lonesome. I stood up in June 1998 in our London WEC and warned that Russia would collapse in about 30 days. The London Financial Times reported that forecast and that became the collapse of the Russian debt market and Long-Term Capital Management debacle.

I have warned that if China was preparing to invade Taiwan, then they would start to sell off all US government debt. They would not risk owning US government bonds and watch Biden freeze it all and then claim it will be used to rebuild Taiwan as they are doing to Russia. So China began selling off US debt at the end of 2021. They have been buying gold because they cannot hold US or EU debt in time of war. It is as simple as that. The gold is simply neutrality, for it also does not pay interest. – So much for the inflation nonsense.

Jan 5 2023

Inflation & the Tricks of the Trade


Armstrong Economics Blog/Inflation Re-Posted Jan 5, 2023 by Martin Armstrong

Our inflation models came in at 32% for 2022. This does not include things like paper clips to bring down the entire average. This number is the basic core inflation that consists of food, energy, and transportation. We do not include housing values which rose about 11% in 2022, but because that is the national average, it understands places such as Texas and Flordia and over states California and areas such as Chicago.

Our index attempts to reflect the national core inflation of things that most people use. The largest increase was obvious fuel between gasoline and diesel used in trucking and homes averaging 65%+, eggs were up nearly 50%, flour rose by 25%, cooking oil 23%, Butter was up 35%, Chicken by 14%, and Rice by 18%.

The more things you throw in, the lower the inflation rate. The national average rise in rental rates was 7.8%, in Florida it was 8.5%, and in NYC 1.5% when controlled.

If we broaden the list to include rents and coffee, which was up 15%, we can bring it down to about 27%. The Fed broaden the scope so widely that the rate come down to about 7%. The more you include, the lower the inflation rate. The object is to reduce government spending which is indexed to the CPI.

Jan 4 2023

War Against Conservatives


Blog/Press

Posted Jan 10, 2021 by Martin Armstrong

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People are leaving Facebook, Instagram, Twitter, and were moving to Parlar. Google and Apple removed the Parlar APP and then Amazon kicked then off of AWS. This is a complete purge going on of all conservatives. We are in the midst of nothing short of a real live Russian version of a revolution. Cheer up – you get to see what it was like to live history in a major confrontation between left and right. But make no mistake about it, the super-rich remains in power just behind the curtain. They own the press and social media while they use the virus to prevent people from gathering or organizing. It is their way or no way. Their motto: Resistance is Futile!

The SciFi Verison of Communism

Jan 3 2023

Are the Immigrants Part of the Decline & Fall?


Armstrong Economics Blog/Migraction Re-Posted Jan 3, 2023 by Martin Armstrong

The invasion of migrants, both in Europe and the United States, is evolving into a major crime wave not seen in decades. In Germany, Berlin looked like a war zone. There were 3,943 incidents, but when recuse workers arrived, they were deliberately attacked. Some 15 firefighters and 18 police officers were injured. The Bild newspaper has reported that these incidents were “particularly bad attacks in the hotspot neighborhoods of Kreuzberg and Neukölln with a high proportion of migrants.” They were setting up barricades, setting them on fire, and when the firefighters arrived, they were attacked by some 200 men. There were even attacking an ambulance, hurling objects inside the vehicle’s open rear doors.

I have been getting emails from people shocked here in the United States from towns that never had any homeless are suddenly inundated. This mass migration into Europe and the United States is reminiscent of the barbarian invasions into Rome. Rome officially fell in 476AD with the last emperor named Romulus Augustus (475-476AD).

The barbarians effectively took over and even issued coins pretending to be Roman. They imitated the Roman Coinage. There had even been laws passed insisting you only marry a Latin. Even to this very day, in Italy, they do not consider those in Sicily Italians in some parts. I had gone into a bakery in Rome and asked for a cannoli. The owner wanted to pull a knife on me yelling that’s not “Italian, it’s Sigii” meaning from Sicily.

These migrations are all part of the decline and fall. Just like in Rome, once that process began, there was no turning back. They bring a different culture that undermined the traditions that held society together creating a civilization that will no longer be. The migration of the 19th century from Europe to America did not take place because of welfare programs. People came to America for the land of opportunity to work and to buy property. They did not come looking for free money and then wage war and violence to out of frustration demanding every more free money.

Jan 3 2023

2022 Inflation is Final – 32% for the year


Armstrong Economics Blog/Economics Re-Posted Jan 2, 2023 by Martin Armstrong

Our Independent Inflation model has calculated that the combined rate for everything from food to transportation came in at 32% for 2022. That is a far cry from the official number. This is simply calculated by Socrates from an unbiased perspective. Thank you, COVID & the Russian Sanctions. What a new wonderful world the Biden Administration has created.

Jan 3 2023

Bills-Bengals Game Suspended After Player Damar Hamlin Collapses After Tackle, Intubated Not Breathing on His Own


Posted originally on the CTH on January 3, 2023 | Sundance 

In a tragic event Buffalo Bills player Damar Halmin (#3) collapsed unconscious after a routine collision during with Bengals wide receiver Tee Higgins. The game was in the first quarter at Paycor Stadium. After the hit and tackle, Hamlin got up off the ground, stood in place for a moment and then collapsed unconscious on the field.

The 24-year-old was immediately tended to by medical personnel and was administered CPR for roughly 10 minutes. He was unresponsive as he was put on a stretcher. Hamlin was given oxygen as he was loaded into an ambulance on the field. He was then transported to UC Medical Center, a level one trauma center, where he is in critical condition, according to the league. Hamlin has a pulse but is not breathing on his own.

The NFL suspended the game and issued the following statement:

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Posted in NFL

Dec 31 2022

The Political Storm on the Horizon


Armstrong Economics Blog/Politics Re-Posted Dec 30, 2022 by Martin Armstrong

COMMENT: Could an individual state finish the wall started by the previous administration?
It’s painfully obvious Washington has its own agenda. And at this time, I see no point in even lobbying our federal government to do anything in our border towns/states. Is it legal to have our individual states finish what was started? I know I’m not alone in my concerns and would gladly contribute to a “wall fund”, or something of the sort. Maybe things are so corrupted it would be pointless?

REPLY: Yes, it is the state’s border. Knowing the atmosphere on Capitol Hill, it has simply become war and it has nothing to do with the benefit of the nation. I was impressed by the words of Arizona Sen. Kyrsten Sinema who courageously announced that she was leaving the Democratic Party to register as an independent. It was her words that rang true. She stated that she was abandoning the Democratic Party and turning her back on the “broken partisan system in Washington” that prioritizes denying the opposition party a win rather than “delivering for all Americans.”

This is the very reason why the United States will collapse. There is no longer any sense of guiding the nation for the benefit of all the people. This has turned into a hate game. Neither side will dare to agree that ANYTHING the other side did was just, fair, or in the best interest of the whole. It is just partisan war and in the process, they are destroying the core of the United States and our once culture of freedom that was admired and inspired by the world.

I can confirm that when the US invaded Iraq on the nonsense of weapons of mass destruction, the pro-Americans in Russia lost ground. They were indeed pushing to join NATO and enter the world economy for the benefit of all the Russian people. But that invasion armed the Neocons and they pointed to that invasion that America was imperialistic and was seeking to control the entire world. It also lowered the esteem of America in the eyes of many in China. Ukraine has merely reconfirmed that view.

Politics has degenerated into a very dark era. If history repeats itself, there will be no other choice but to move toward separatism. We will no longer be able to live in peace together because that is not acceptable anymore. All this nonsense of what is your pronoun and men can have babies with a sex change is dividing the country into groups. Once you do that, you do not benefit the right of those people, you cast them as the new enemy of the state just as Hitler did with the Jews. The end is near for the United States. A house as divided as we have become CANNOT stand. That was the view of Lincoln to justify the Civil War.