Title 42 to End – Border Crisis is About to Explode


Armstrong Economics Blog/Migration Re-Posted May 10, 2023 by Martin Armstrong

Donald Trump noted in his interview with Nigel Farage that the US is expected to receive as many illegal immigrants as the population of NYC. The immigration problem is out of control and there is absolutely no way that the current economy can host such a large influx of undocumented people. Trump implemented Title 42 in March 2020 to curb “mass uncontrolled cross-border movement,” that allowed the government to expel migrants to prevent the spread of COVID.

The CDC and other agencies agreed to Title 42 and it was accepted by both parties. Between March 2020 and January 2023, over 2.7 million migrants were expelled from the US under this temporary law. Trump expelled 69% of migrant families who entered between March 2020 to January 2021. Biden expelled only 20% of migrant families under his term. Millions of people have entered America illegally under Biden, and thousands have died trying to enter America under the false promise that they can seek asylum here. These people cannot simply return to Mexico since millions are not even Mexican citizens. Certain countries, such as Venezuela, Cuba, Haiti, and Nicaragua, refuse to accept the deportations of their own citizens. Simply put, these people are stuck with nowhere to go.

Title 42 is set to end on May 11 as COVID is no longer a public health emergency. Vice President Harris is in charge of overseeing the border crisis but has not offered any potential solutions. In fact, she insists that the border is safe and secure whenever she’s questioned. Reports state that tens of thousands of migrants are waiting at the US-Mexico border and plan to enter after May 11. Troy Miller of the U.S. Customs and Border Protection (CBP) anticipates 10,000 illegal crossings per day once Title 42 ends, but others are predicting a larger influx. Biden stationed an additional 1,500 troops along the 2,000-mile border, but they’re completely outnumbered. The situation is unmanageable and there will be consequences in the coming weeks as towns are overrun with undocumented illegal immigrants. Unfortunately, the Biden Administration has focused all of its resources on securing Ukraine’s border and has abandoned the crisis at home.

Payback For Backstabbing – Lee Zeldin Endorses President Donald Trump


Posted originally on the CTH on April 24, 2023 | Sundance 

A well-timed counterpunch against the duplicitous backstabbing by Ron DeSantis that took place in August of 2022 is delivered by former New York Congressman and former New York Governor candidate Lee Zeldin today.  Zeldin endorses Donald Trump for the 2024 GOP nomination:

[SOURCE]

If you have followed the deep weeds of GOP politics, you already knew this was likely.

At a key moment in the New York governor race, in late August of 2022, shortly after the Mar-a-Lago raid, Florida Governor Ron DeSantis was scheduled to be keynote speaker at a New York City Zeldin dinner/fundraiser.  Before the fundraiser, DeSantis went to pick up a six-figure donor check from Billionaire developer Joseph Cayre of Midtown Equities.

Cayre told DeSantis that he supported Zeldin’s Democrat opponent Kathy Hochul.  The contingency for the contribution appeared to be that DeSantis would cancel attendance of the dinner for Zeldin.  DeSantis took the Cayre donor check and at the last minute cancelled his attendance at the Zeldin dinner. {GO DEEP}

[…] While unable to attend the evening event, DeSantis was in Deal, New Jersey, earlier in the day at the home of Jay Cayre, head of Midtown Equities, sources told The Post. (link)

Team DeSantis tried to sell a story about an emergency funeral the following day for slain police officer Jose Perez as the reason for his cancellation.  However, we did a deep dive on the details and the timeline, and nothing matched the claims by DeSantis. {GO DEEP}

Officer Perez died on August 20th.  The funeral was announced by the family and FDLE on August 26th, to be held August 29th.

When DeSantis left Florida on August 28th to pick up the check from Cayre and then attend the dinner later that night, he was well aware of the Perez funeral the next day.  DeSantis took the time to pick up the check, then cancelled the evening dinner with Zeldin.

Two months later, long after the value of the fundraising would have been useful, on October 30, 2022, DeSantis made a return trip to New York to fulfill his obligation.

With only a week left before the 2022 mid-term election the value of the “fundraising window” had closed.  DeSantis made an innocuous speech about police officer support, and then left New York.  Essentially Zeldin was railroaded by the financial priority of the Florida Governor.

Actions create consequences.

Today, Lee Zeldin endorsed President Trump – who was very gracious in his appreciation and acceptance:

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So, that’s how that happens….

Fox News Will Host the First GOP Presidential Debate in Wisconsin, August 2023


Posted originally on the CTH on April 12, 2023 | Sundance 

The ever-donor-aligned Republican National Committee has announced the first 2024 GOP presidential debate will take place in Paul Ryan’s home state of Wisconsin. The debate will be organized by Rupert Murdoch (Fox News) and livestreamed in partnership and sponsorship with Rumble and the Young America’s Foundation, a group led by GOPe favorite and former Wisconsin Governor, Scott Walker.  [Ronna Announcement Here]

Yeah…. sketchy.  All of it.   Rupert Murdoch, Paul Ryan, Bret Baier, Martha McCallum and Scott Walker… Gee, what could go wrong?

(Via Fox News) – “I am excited to announce that our first debate in Milwaukee will be in partnership with Fox News, Young America’s Foundation, and Rumble,” RNC chairwoman Ronna McDaniel said in a statement first shared with Fox News on Wednesday.

The chairwoman, asked during an interview on News’ “Fox and Friends” on Wednesday morning, if there will be one or two debate stages, said “we’ll put the criteria out soon. We don’t know how many candidates there’s going to be so that will dictate whether there’s one or two stages. Right now I don’t see there being two stages but I could be wrong on that. The field’s forming later than usual.”

[…] The debate will be televised exclusively on Fox News, and Rumble is the live-streaming partner.

Rumble chairman and CEO Chris Pavlovski said in a statement that “Rumble’s mission to protect free speech is not just a slogan, it runs through the DNA of our company. We are thrilled to partner with the RNC to bring the debate stage online and help promote open dialogue. Rumble saw record traffic and user engagement during the 2022 midterms, and we’re ready to be the premier platform for all candidates in the 2024 elections.” (read more)

Follow the bouncing ball and Debates #2 and #3 will likely follow in Florida and/or Virginia.  We’ll see.

I’ll get to work on updating everyone’s favorite graphic 🙂

Why Trump’s Indictment is an Absurd Abuse of Power


Armstrong Economics Blog/Rule of Law Re-Posted Apr 6, 2023 by Martin Armstrong

Bragg has seriously exposed the core of real immoral prosecution practices that really have to stop. Let’s say you made one phone call and defrauded someone out of $100,000. You will be charged with (1) count of wire fraud. However, let’s say you had to call the person 34 times to get the same $100,000. The prosecutor will then charge you with 34 counts of wire fraud. Now let’s say the penalty is 5 years in prison. So if you called 34 times for the same amount of money,  the judge could then sentence you to 170 years claiming it is his “discretion” to run them all consecutively.

Bragg charged Trump with 34 criminal counts connected to the payment of $130,000 to porn star Stormy Daniels in 2016 as part of a nondisclosure agreement that was intended to keep Daniels from exposing their 2006 affair. Those charges are all various counts of filing false business records in the first degree, which could carry a sentence of up to four years in prison per count. That’s a crime that is normally a misdemeanor that can ONLY be upgraded to a felony if the alleged fraud is meant to cover up another crime.

This is where the ABUSE of power becomes self-evident. The other crime, in this case, is a federal campaign finance violation for which Trump has NOT been charged and Bragg would have no jurisdiction to charge. The indictment claims that Trump allegedly committed the underlying fraud as part of an effort to boost his chances of winning the 2016 presidential election.

So, to put this in plain layman’s terms, he is effectively charging you for something like buying a bullet in NYC, that you used in Paris in some attempt to kill someone but you are not being charged with that because you cannot be in the United States.

It is an ABUSE of power to take a single incident and turn it into multiple crimes all because of multiple emails and phone calls. This is standard abuse that all prosecutors engage in to try to force people to plea for a reduced sentence or risk going to jail for life. The legal system in the United States is in NO WAY fair, equitable, or even constitutional. Our legal system is so corrupt, we make a Banana Republic look like the leader of freedom and liberty in the world.

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This was our Forecast back for the 2016 election. Out of 4 models, 3 of the computer models forecast that Trump would win and one was tied. Our computer had also forecast that BREXIT would win against all odds. Trump would have won and just as the Democrats swear the 2020 elections were NOT rigged, then neither was 2016.

Neil Oliver – The Peasants Are Revolting


Posted originally on the CTH on April 2, 2023 | Sundance

For his monologue this week British Pundit Neil Oliver takes a walk around the globe to highlight how an increasingly awake global citizenry are revolting against the professional political class.

From France to the United States and Canada and all the way to Africa and throughout Europe, people are looking at the professional political class and rebelling against the desperate schemes of those barely clinging to power.  Many tremors and trembles are visible amid the action of the people and the responses from the elites that believe they rule them.  WATCH:

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Ron DeSantis Wins the Coveted George Soros Endorsement – Describing DeSantis as “Shrewd, Ruthless and Ambitious”…


Posted originally on the CTH on February 16, 2023 | Sundance

Saying that DeSantis “is shrewd, ruthless, and ambitious”, George Soros delivers an endorsement of the Florida governor adding, “He is likely to be the Republican candidate.”

When billionaire leftist and creepy globalist George Soros is complimenting your personality attributes, you just might be doing the whole Republican presidential candidate thing wrong. Just sayin’.

WASHINGTON DC – In a wide-ranging speech, Soros ripped Trump’s presidency and complemented elements of DeSantis’s style.  “DeSantis is shrewd, ruthless, and ambitious,” said Soros, adding, “He is likely to be the Republican candidate.”

Trump, on the other hand, “has turned into a pitiful figure continually bemoaning his loss in 2020. Big Republican donors are abandoning him in droves,” he said.

Soros, an international financier and philanthropist, typically dumps millions of dollars into political races and committees. He heads a global liberal network of groups pushing climate change, financial reform, and changes to the criminal system.  He recently teamed with Charles Koch and the Rockefeller Brothers Fund to revive the Iran nuclear deal, according to reports. (read more)

This might be problematic.  In addition to DeSantis supporters needing to defend the unlimited Ukraine grift, and the value of eating bugs as a conservative lifestyle, now they have to spin an endorsement of ruthless ambition by Darth Soros.  Eh, sucks to be them.

George Soros never complimented Donald Trump.

The War on Populism


Glenn Greenwald Streamed on: Jan 10, 7:00 pm EST

Elitist Corporate Media Attacks Populism, Briahna Joy Gray on Dem v. GOP Dissent | SYSTEM UPDATE #19

Bidenomics – Amazon Announces 18,000 Layoffs, and They Are Not Alone – Imports and Exports Drop


Posted originally on the CTH on January 5, 2023 | Sundance 

That slow grinding creak you hear in the background; that’s the U.S. economic engine running without oil and beginning that slowdown phase just before it stutters and stalls completely.  Alas, the pretending continues…

As noted by the Wall Street Journal, an economic gaslighting institution with a central mission to maintain pretenses, “business surveys show U.S. factory activity declined in December, the Institute for Supply Management and S&P Global both said this week. Separately, S&P Global said Thursday that U.S. services-sector businesses reported a decline in output for the third month running in December.” This comes as “U.S. imports dropped more, by 6.4% on the month, as Americans cut back on holiday-related purchases, including items from other countries such as computers and autos.

Keep in mind, November retail sales—which included consumer spending at stores, online and at restaurants—fell 0.6% from the prior month for their biggest decline of 2022, according to the Commerce Department. Manufacturing output declined in November as well, the Fed reported, while U.S. home sales fell for a record 10th straight month.

Into this mix of economic metrics, driven by a collapse in disposable consumer income and high energy prices, now we begin to see the number one business expense being curtailed.

(Market Watch) […] Amazon.com Inc layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty.

The Seattle-based company in November said that it was beginning layoffs among its corporate workforce, with cuts concentrated on its devices business, recruiting and retail operations. At the time, The Wall Street Journal reported the cuts would total about 10,000 people. Thousands of those cuts began last year. (more)

Amazon is not alone, “Vimeo said Wednesday that it will cut its workforce by 11% as part of a broader effort to reduce costs, citing deteriorating economic conditions” (link).  Additionally, Salesforce Inc. is laying off 10% of its workforce and reducing its office space in certain markets, extending a brutal period for tech job cuts into the new year.”

We can anticipate more reports like this from Reuters, “Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for the memory chip industry.  With consumers and businesses reducing spending and investment in the face of high inflation and climbing interest rates, smartphone makers and other clients held back memory chip orders, while smartphones sold for less as demand suffered, analysts said.”

Electronics, cars, furniture, durable goods of all types and varieties are plummeting in sales.  Consumers are being squeezed by inflation, housing, energy and food costs, and spending priorities are being reevaluated yet again.  Compare the impact on ‘real wages’ -vs- the 2007/2008 economic crisis.

From a purely fraudulent accounting perspective, however, the drop in U.S. imports will help boost calculations of U.S. economic growth in the fourth quarter because trade deficits subtract from overall output, or gross domestic product.

U.S. consumers not purchasing imported goods makes the health of the U.S. economy look less bad; but it’s an illusion akin to smiles in the bread lines.

In other economic news, I did some real estate analysis over the past several days and it’s safe to say there is a steep downward trajectory in the data I use.   Again, home values are nuanced on a regional level, but my model is pretty close in averaging.

If buyers do not absorb the seller’s loss in equity (which no one should ever do), in my SWFL area a $450k home listing is going to sell around $380k at the high side (actual value based on economic indicators and buyer ability).   That rough estimate, while slightly offset due to general inflation, should trend nationally over the next 12 to 18 months.   That means macro home prices dropping around 15 to 20% nationally over the next 12 months.

If you are a home buyer, put your offers around 15 to 20% below current asking price without any emotional attachment to it.  Don’t flinch, remain ambivalent and walk away if refused.   The recovery to current price will take around a decade.  If you are a seller and get an offer within -10% of asking, consider yourself lucky and jump on it.