Armstrong Economics Blog/ECM Re-Posted Feb 27, 2023 by Martin Armstrong

Marty:

We are so grateful to have you help us navigate the crisis’ – war, sovereign debt and totalitarianism.

Crime in Austin has ratcheted up. It brings me much sadness to see the happy hippy town I once knew to be overtaken by crime gangs. The latest is car clubs have been overtaken by gangs seeking to “ “Take Over” events are organized on social media and encourage the drivers (“swingers” or “drifters”) to perform donuts, burn-outs, or other displays of speed and acceleration.” Austin’s defunded police lack the force to respond with one officer injured and forced to retreat and reports of an officer car breached. These events have been deadly with shots fired in San Antonio.

These events are advertised on social media, so the FBI knows about them. It seems like they will use these events in the future to take over social media. The old way of the men of the town meeting the instigators in the middle of the night and warning them never to return seems like the only way to protect ourselves. The courts of today would send the good men to prison leaving the criminals free to continue to threaten the community.

https://www.foxnews.com/us/austin-texas-street-racing-chaos-leaves-1-officer-hurt-several-police-cars-damaged-fireworks

https://www.austinchronicle.com/news/2023-02-24/car-enthusiasts-take-over-public-streets-and-the-police-union-capitalizes/

You mention Asians parking money in the US, yet as demonstrated the US officials are more than happy to confiscate the capital of citizens from the wrong country such as Russia today and China in the future. How will they be able to access this capital after the capital restrictions have been imposed?

Truly,
L

Austin is the capital city of the U.S. state of Texas. It was founded on December 27, 1839. It became the first permanent Anglo settlement during the 1830s and was first named Waterloo. It was chosen to be the capital of the new Republic of Texas. A new city was built rather and named after Stephen F. Austin, “the father of Texas.” The region emerged from the Mexican state of Coahuila y Tejas during the Texas Revolution in 1835–1836 when it declared to be independence.

It was the Battle of the Alamo during Texas’ war for independence that lasted cyclically on time for exactly thirteen days (February 23, 1836-March 6, 1836). It was during December of 1835 when a group of Texan volunteer soldiers occupied the Alamo, which was a former Franciscan mission near the present-day city of San Antonio, Texas. The Spanish began their siege on February 23 with an army numbering in the thousands against 200 men. Alamo’s 200 defenders were commanded by James Bowie and William Travis. Also, there was the famous frontiersman Davy Crockett. For Texans, the Battle of the Alamo became their symbol of resistance during the Mexican-American War of 1846-1848. The saying that became etched into American history was – “Remember the Alamo.” Texas won its independence in 1836 just as the Donbas is now fighting for independence that was promised by the West in the Minsk Agreement. Putin has assumed the role of the United States as it supported Texan independence. Then on December 29th, 1845 (1845.994), Texas became the 28th state in the United States.

It appears that you will have to suffer in this trend into 2024. The wave from 2024 into 2029 will be greatly influenced by war. Until then, the Democrats will do nothing to reverse this trend. they are counting on it and have totally misjudged the next effect of their policies. We have not experienced this trend here in Florida mainly because the illegal aliens have to be flown in by the Biden Administration. Texas’ Achilles‘ heel is that they can just cross the border there.