Category The Governing Class -vs- The Governed

Mar 22 2023

The Banking & Debt Crisis Continues


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 22, 2023 by Martin Armstrong

The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and buy long-term bonds all because they were making their money on the spread. Now that rates are rising, their risk management was effectively nonexistent, and thus the losses and widespread.

The Allianz subsidiary Pimco is one of the largest asset managers in the world. They have to now write off a loss in Credit Suisse bonds and it’s ain’t over yet as we head into April 10th.

Mar 22 2023

Ron DeSantis Tells Piers Morgan He Is Willing to Abandon Florida to Pursue His Personal Ambitions as President – Then Books April Appearances in New Hampshire, Michigan, Ohio and Maryland


Posted originally on the CTH on March 21, 2023 | Sundance

Florida Governor Ron DeSantis is playing the running-not-running game as hard as he can, given the Florida ‘resign to run‘ law he is intentionally breaking.  Thus, the severity of the self-centered egoism from the man who calls himself the “savior Top Gov of America,” starts to take on context.

According to the DeSantis media operation known as “Florida’s Voice“, the sanctimonious meatball has already scheduled campaign appearances in New Hampshire, Michigan, Ohio and Maryland for April [SEE HERE]. Then, following the instructions of the brand management team in control of him, Ron DeSantis sat down with Rupert Murdoch’s toady, Piers Morgan, for an exclusive interview in both Rupert Murdoch’s publication, The New York Post, and Rupert Murdoch’s broadcast company, Fox News.

Murdoch, who owns Fox News, had previously given Ron DeSantis several million dollars for his personal wealth via a Harper Collins book deal, another Rupert Murdoch company. With full control over the brand image of the DeSantis effort, Fox News has been promoting the meatball for several months.

Timed to coincide with the Trump indictment, DeSantis sits down with Piers Morgan:

(New York Post) – Ron DeSantis knows everyone is waiting for him to say if he’s running for president. But in our interview, airing on Fox Nation’s “Piers Morgan Uncensored” on Thursday, he made it very clear that if he does, he can win.

“If I were to run,” he said confidently, “I’m running against Biden. Like we [him and Trump] are competing for the Republican, potentially, I get that, but ultimately you know the guy I’m gonna focus on is Biden because I think he’s failed the country. I think the country wants a change. I think they want a fresh start and a new direction and so we’ll be very vocal about that.”

“Do you think you could beat Biden?” “I think so,” he replied, unhesitatingly, and emphatically.

“I won with independents by 18 points,” he said, “and so that will be the same formula that we would take, and honestly forget about me, I think anybody should take the formula like that nationally. You can’t win with just Republicans. You’ve gotta win with independents and you need to convince some of these Democrats, which I was able to do in Florida, because they’re not woke, they don’t like some of the nonsense going on. They want their streets safe, and they want quality education. So I think you could appeal to people across the canvas.”

[…] “I haven’t made a final decision on it. I’ve told people that I’ve got a lot to do over the next few months in Florida. We’re gonna put a lot of points on the board. And then we’ll see how the dust settles after that, but I can tell you a lot of people realize the country is not going in the right direction and believe that what we’ve been able to do in Florida, if we can apply that nationally, we can get America back on track and back on our foundations.

[…] “And so, I take that very seriously, it’s humbling that people have come to me and asked me to do it or urged me to do it. So, stay tuned.”

“That sounds like almost a yes . . .”

“It’s a stay tuned!”

Why wouldn’t he go for it?

“Well because I’ve got a young family. I’ve got different obligations and it’s not the easiest thing in the world to go through and I also want to make sure that I have a very clear rationale for doing what I’m doing. All I’m interested in doing is getting things done and accomplishing things. I don’t need a title. I don’t need fanfare. I just want to know that if I put my mind to this, if we ever did that, and we’re successful, what could I do to make a difference and that’s what I have to have.” (read more)

I was always hesitant to say the Florida Governor himself knew about the Mar-a-Lago raid in advance. However, as time provides more hindsight and datapoints to review, this entire DeSantis operation reeks of coordination with the deepest elements of the DC Deep State.

Mar 20 2023

The Decline & Fall of the United States


Armstrong Economics Blog/Corruption re-Posted Mar 20, 2023 by Martin Armstrong

COMMENT: Hi Marty,

Seems to me the Democrats are following the time honored practice South American governments have resorted to in recent years when one party displaces another in a national election. In Brasil, the current president, Lula, spent 3 years in jail for charges of corruption. His successor was later removed from office. Now Bolsonaro has fled the country and is living in South Florida. In Ecuador, a past president, Moreno ,is under indictment and it appears he too will end up being arrested on trumped up corruption charges. In Bolivia, two term ex-president Evo Morales, after trying to run for an unprecedented third term, fled the country in 2019 when it appeared opposition to his run would potentially result in his being jailed. He fled to Argentina, then later got asylum in Mexico. The woman who replaced him was subsequently arrested on trumped up charges of conspiracy. IN Peru, which has gone through more presidents in recent years than most countries have experienced in a half century, has arrested the past 5 presidents. In Chile, the last president who served in office was run out of office for using the military to suppress protests. This was back in 2019.  The revolution that led to the country abandoning their old constitution has put the country in chaos.. The current president is extremely unpopular and one can imagine he won’t last another year in office. In Colombia, the country now is run by a communist/socialist who is now flirting with an ambitious spending program designed to buy time and slow down the opposition building against him. In Argentina, the former president, Christina Fernandez Kirchner, is dodging charges of corruption(and just avoided being assassinated by a lone gunman) after presiding over another series of IMF sponsored funding that has left the country in a perpetual state of default. The socialist in office today, Fernandez, is one of a long line of failed presidents who is destined to be pulled under by the corruption so deeply embedded in this country.

Now the Democrats appear to have imported South America’s tradition of imprisoning opposition leaders.It’s hard to imagine a party as corrupt as that of the Democrats. But nothing happens in a vacuum. With Republican support in Congress during Trump’s term when they opposed him and did everything they could to undermine him, the uni-party now operates without even the slightest effort to disguise their true intentions. An outsider like Trump is anathema to both parties. It reminds me of the PRI in Mexico. which put forth its candidate every year pretending people there actually had a choice, It took AMLO to break this tradition. Only because the drug cartels today are so powerful, the central government is virtually impotent to extend its reach outside of the capital.

We are watching the dying days of this republic. Biden’s “election” has assured that no serious challenger can ever emerge.Locking up your opponent now has become part of their playbook.  This is the tradition of the Sandinistas, the Peronists in Argentina, and now the Biden dictatorship.

MS

REPLY: People do not realize that Zelensky wants to imprison the former president indefinitely pending a rigged trial for corruption. This is the one man who could probably run against Zelensky and beat him with his high heel shoes. Zelinsky is so perverse and a disgrace to Ukraine when in fact it has been clearly established there is NO accountability for any money handed to Zelensky and any American politician who votes for this money for Ukraine should be removed from office for they are probably tainted as well.

It has been established that Zelensky has been stashing money offshore. When the last Ukrainian fall on the battlefield, the US will have him airlifted in style and he will flee to his mansion in Miami after destroying his own country. Zelensky has been caught. Who will prosecute him? Not the Biden Administration which owed him the Midterm elections for being the 2nd largest donor under the money laundering scheme of FTX which will also be swept under the rug to protect the corruption that has consumed governments.

The United States is NO LONGER the beacon of liberty to the world. We have descended to the lowest possible level of absolute duplicity and corruption. People are bearish about the dollar because of the quantity of money? Get real! The collapse in the dollar will not be because of such petty nonsense. it will collapse because these people are destroying the very foundation of confidence and respect the United States once had.

Mar 19 2023

Interview with World Affairs Monthly


Armstrong Economics Blog/Armstrong in the Media Re-Posted Mar 19, 2023 by Martin Armstrong

Click here to listen to my interview on 3/16/23 with World Affairs Monthly (also published on Monitoring Risk).

Mar 19 2023

President Trump Says He Expects to Be Arrested Next Tuesday


In a Truth Social post earlier today [LINK HERE], President Donald Trump announced a leak from the Manhattan District Attorney’s office indicates he will be arrested next Tuesday.

[Source Link]

While there has been some attention to the “protest, take our nation back” element to the statement, in totality that reference point appears to be misinterpreted.  President Trump is not calling for a protest in response to his arrest per se’; to me, he appears to be calling upon “protest” in relation to the totality of the corrupt and manipulative state of our nation as a result of the radical leftists tearing our nation apart.

“THESE are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman.

Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.

What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as FREEDOM should not be highly rated.” 

~ Thomas Paine, The Crisis No. I (written 19 December 1776, published 23 December 1776)

We are engaged in a battle that is much larger than a modern political conflict.  Behind the lies, manipulations and schemes of the corrupt political class, there is a spiritual battle on a larger dynamic.  There is a spiritual war among all people. A conflict between light and dark, morality and corruption, right and wrong, truth and lies, decency and incivility.

The opposition arguments are weak and based on lies and deceptions.  Steel your resolve to the landscape that surrounds us, but do not let yourself become victim to dark imaginings.  There is protection around Donald John Trump that even he could never explain.

Steadfast in this conflict, we will not fail.

Posted originally on the CTH on March 18, 2023 | Sundance

Mar 18 2023

MSNBC HOST USES THIS PATHETIC EXCUSE FOR GETTING COVID INFO SO WRONG | ROUNDTABLE | RUBIN REPORT


First published on BitChute at 21:11 UTC on March 17th, 2023.

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Mar 15 2023

Russia Shoots Down US Drone, Escalating Fears of Hot War. Plus, David Sacks Argues SVB “Bailouts” Averted Financial Meltdown | SYSTEM UPDATE #55


By Glenn Greenwald Posted Originally on Rumble on Mar 14, 7:04 pm EDT

Mar 14 2023

Where to Go?


Armstrong Economics Blog/Forecasts Re-Posted Mar 14, 2023 by Martin Armstrong

A lot of people have been asking where to go, what bank is safe, and what’s next? This is by no means over. The fiscal mismanagement is off the charts and we have a major clash with the Marxist views of the Democrats who always want to punish the rich and then ask them for funding. Only in the Democratic Party can you have a $ 10,000-a-plate fundraiser and preach how evil inequality is and that the rich must be held accountable.

Those who keep calling for a gold standard are clueless. To have a return to balanced budgets means that the Democrats will have to completely reform. They DO NOT know how to govern without class warfare. Politics has deeply divided the United States to the point that the only reasonable solution will be to separate between the blue v red. As Lincon said, a house divided cannot stand. That is becoming so obvious that there will come a day soon when that will be the case. There are over 30 civilizations that have come before us. Every single one has collapsed. We are merely waiting for our 15 minutes in the spotlight.

We must understand that things are far worse outside the United States geopolitically thanks to the Neocons who have done nothing by conniving endless wars. They are ruthless evil people who have no problem sacrificing your family for their political aspirations. Short term, as they create World War III, the dollar will be the strongest currency as capital always flees from a conflict. We really need to IMPEACH Biden, because he is a dangerous puppet who reads whatever the Neocons write on the cue cards. Then we really need to launch an investigation of these Neocons who have usurped US foreign policy for decades and are never held accountable.

Now, many people have asked what is a small bank. They are typically local regional banks. The problem is if they just make decisions based on the talking heads on TV, then they will face tremendous problems ahead. To be diverse, for now into 2024, you may want to look at US T-bills 30-day to the 90-day max. Not every bank is in trouble. You should ask if they publish their portfolio. The big risk is that money was basically free, and they were investing that long-term. But as rates have risen, they have suffered losses.

Mar 13 2023

The Myth of Fair Value


Armstrong Economics Blog/Understanding Cycles Re-Posted Mar 13, 2023 by Martin Armstrong

QUESTION: If the metals are not trading at a fair value relative to everything else, then does that not prove they are manipulated?

SN

ANSWER: Your problem is the assumption that everything must be trading at some fair value. That is up there with the theory of random walks.  ALL markets trade for periods where they remain well below fair value. That was the entire takeover boom of the 1980s which they also blamed on me because I was advising many of the takeover players. I simply showed these charts back then which show in terms of book value, the Dow Jones bottomed in 1977. The market was grossly undervalued because you could buy a company, sell all its tangible assets, and double or triple your money. Michael Douglas’ famous speech in that movie about “greed” would not even be possible if everything always trade like some mythical robot at fair value. Everything overshoots and undershoots.

The metals are NO DIFFERENT. Every market swings between grossly UNDERVALUED and then grossly OVERVALUED. This is part of the business cycle. If there were no periods of gross undervaluations, there would not be a sudden boom either.

This is what you have to come to grips with. There is such a thing and the business cycle. Our cyclical analysis would not be possible if everything was trading at a flat line of fair value. This nonsense in metals is made up of people who have been wrong, and need to blame someone else. It is like blaming climate cycles on CO2. This notion of fair value is rooted, I hate to tell you, in Marxism, because he too did not understand  the business cycle.

Mar 13 2023

When the House Votes Unanimously…


Armstrong Economics Blog/Conspiracy re-Posted Mar 13, 2023 by Martin Armstrong

When the House votes unanimously, there is usually a larger issue at play. It was announced on Friday that the US House of Representatives and the Senate unanimously agreed to declassify information regarding the origins of COVID. Let us recall that one side of the political spectrum effectively shut down the entire economy and used the people as puppets to push forth their COVID agenda of vaccinations and lockdowns. When the House votes unanimously, one must look closer at the agenda on the macro level.

The decision to declassify the origins of COVID will likely not lead to the arrest of Fauci, Gates, Soros, or any of the other big players who advised on policies that directly harmed the people and economy. The pharmaceutical companies will not be charged for injecting countless people with an experimental substance, and the powers who enforced vaccine mandates will be blameless. Again, one side of the political spectrum supported the harshest COVID laws imaginable, and revealing the truth behind the virus would be detrimental to their party. So why the unanimous vote?

When the house votes unanimously, there is a common enemy. It is no secret that the US is instigating China to enter World War III. As I mentioned in a separate post, Western intelligence agencies are threatening China for conspiring to supply Moscow with aid, despite having no known leads. China is attempting to remain neutral, but anti-Chinese sentiment is subtly rising in the mainstream media. It was almost illegal to say that the virus was deliberately leaked from a lab in Wuhan. Trump was called a racist for calling COVID “the China virus,” and anyone who mentioned a lab leak on social media was immediately deplatformed.

However, the need for a common enemy has arrived as the US economy is in shambles and confidence in government continues to plummet. The propaganda emerging is that China is solely to blame for the coronavirus. The loss of life and business is due to China. Any issue you may have faced due to the coronavirus or consequential mandates is solely due to China. Avert your attention from your own government’s misdoings and blame the common enemy.

Christopher Wray of the FBI told Fox News that his agency is aware of “a potential leak from a Chinese government-controlled lab.” If a civilian said this one year ago, they would have been called a conspiracy theorist. “I will just make the observation that the Chinese government, it seems to me, has been doing its best to try to thwart and obfuscate the work here, the work that we’re doing, the work that our U.S. government and close foreign partners are doing. And that’s unfortunate for everybody,” Wray said. White House National Security Advisor Jake Sullivan claims that uncovering the source of the leak is a top priority for President Biden, who had no interest in this previously.

Justice will not be served. The government can no longer use COVID as a power grab, but it can use COVID to demonize its opponent and push China into war.