Right v Wrong


Armstrong Economics Blog/Socrates Re-Posted Dec 2, 2022 by Martin Armstrong

QUESTION: Marty, I have been following you now for a few years. You seem to be never wrong. You always say it is not your opinion. Is there some secret to how you do this? Nobody else seems to even compare. Or is it all just the computer?

FK

ANSWER: We all are human and as such we make mistakes. I understand that the big picture with war and events seems to be never wrong. That is Socrates – not me. I have been wrong in regard to my interpretation at times, but the cycles are always correct like the ECM.

I was one of the first International Hedge Fund Managers. I had even warned Congress back in 1985 that they should merge the CFTC and SEC because complying with one meant you went to prison with the other. They forced funds management offshore. We are all connected. You cannot have gold rise to $10,000 and the dollar turns to dust and nothing else happens. The world economy is like a set of dominoes. If you get the first one right, all the rest will follow.

These people who try to forecast one market can NEVER be correct for the wildcard always comes externally. Right now, the Ukraine war is impacting the global economy and markets. You could not asses the impact by simply watching the Fed. If it were not for (1) the stupid lockdowns of COVID disrupting the supply chain, then (2) this proxy war against Russia and imposing the absurd sanctions on them when they are a key supplier around the world in many areas, then inflation would not have risen and the Fed would not be raising interest rates. Those in power simply only look in front of their nose. Every action has a ripple effect that impacts long-term events. We cannot escape that. I have designed Socrates to survive me. It is not my opinion and when I do express my opinion I state the difference. Even my interpretation of an array can be wrong, not the array.

Everything is connected. We cannot escape that. Without Socrates monitoring everything around the world and writing its own reports on over 1,000 instruments globally, there is nobody who can possibly compete with a personal opinion. The world is far too complex for an individual to see everything from a personal gut feeling.

Because I had focused on currencies from the collapse of Bretton Woods and was called into the first bank failure in 1973 because of a 7% move in currencies,  my company attracted clients from around the world. I had to see the world through everyone’s eyes – not just the dollar. In July 1985, I took the back cover of the Economist for 3 weeks announcing the end of deflation/peak in the dollar, and the reemergence of inflation, which led to the Japanese Bubble in 1989. Interest Rates peaked the very day at 1981.35. The end of that wave was 1985.65 the month of July. It was the beginning of a Private Wave which will end 2037.25.

We published charts back in Barron’s during the early 1980s showing gold in dollars compared to a basket of currencies. We ended up with the largest institutions in the world because our reports went out on telex and the communication costs per market were $225 per day. Only the biggest institutions could afford our services. Then came fax, and then email which has expanded our reach to everyone these days. But make no mistake about this. People may criticize me and others are desperate to try to prevent people from using us. It is either because they cannot compete and pretend this is my opinion rather than a computer, or they want to manipulate the markets and we just get in their way.

The War Against Nitrogen Fertilizer is More Than You Realize


Armstrong Economics Blog/Civil Unrest Re-Posted Dec 1, 2022 by Martin Armstrong

COMMENT: As an ex-soldier, whilst reading your posts regarding the Right to bear arms, Nitrogen fertilizer, and Diesel fuel I suddenly got a brain warp to the past. In Rhodesia with sanctions on us, we developed a bomb using Nitrogen fertilizer, blue soap, and diesaline. It was similar to napalm. When the change came to Zimbabwe all our weapons were taken away from us and locked up. We also had to reapply for licenses for any private weapons. This shows that when you have an informed and prepared public the government is at a disadvantage. The current attack on fertilizer, auto fuels, and guns shows just how scared the WEF and their one world order are desperate to control these three commodities. WHY?
CB

REPLY: I think you bring up a very good point that is often overlooked. Nitrogen fertilizer can be used to make bombs. They are doing their best to try to outlaw all guns. It seems they want more crazy people shooting up schools and then they demand the end to guns every time. There is no question that those in power KNOW the monetary system is collapsing. They have put forth Guaranteed Basic Income (GBI), NOT because they care about the people, they ONLY care about retaining power over the people. The EU has wiped out most pension funds with negative interest rates since 2014 and decrees that they must have government bonds between 70% and 90%. Scandinavia is outside of the EU.

The GBI is to prevent millions of people from storming the Parliament with pitchforks when they wake up and their pensions are gone. Eliminating guns and even Nitrogen fertilizers are part of the effort to disarm the people. What is taking place in the Netherlands and this insane demand to end Nitrogen fertilizers under the pretense of Climate Change is more suited for a B-Rated SciFi movie with green lizard aliens coming to eat all humanity. They are using Climate Change for Political Change.

Another Appeals Court Rejects Biden Administration Student Loan Cancellation Program – Supreme Court Agrees to Hear Case in February


Posted originally on the CTH on December 1, 2022 | Sundance

Federal education loan payments have been suspended ever since early 2020 when COVID was used as a justification to delay payments.  The current extension on the delay, a pre midterm bribe for young adults, runs through June 2023 and then people with the loans have to start paying again.

In the interim, Joe Biden had a plan to relieve up to $10,000 in federal student loans for low-to-middle-income borrowers and up to $20,000 for qualifying Pell Grant recipients.  However, that arbitrary Biden decree encountered multiple legal setbacks including rejection by a federal court in St. Louis and another in Texas.

Earlier today, the New Orleans-based 5th U.S. Circuit Court of Appeals again rejected the Biden administration’s request to pause the Texas order vacating the $400 billion student debt relief program in a lawsuit pursued by a conservative advocacy group. {LINK}  The Texas ruling from U.S. District Judge Mark Pittman was one of two decisions that prevented the Department of Education from moving forward.

The St Louis case, also lost on appeal and based on a similar finding that Biden cannot subvert congress for this spending, has now travelled to the Supreme Court who have agreed to hear oral arguments in February but will not intervene to stop the lower court rulings.

Washington — The Supreme Court said Thursday it will take up a court fight between the Biden administration and a coalition of six Republican-led states challenging the legality of the president’s student loan forgiveness program.

Solicitor General Elizabeth Prelogar asked the Supreme Court last month to lift an injunction from a federal appeals court that blocked implementation of the plan, but told the court that if it denied relief, it should agree to consider the merits of the case instead.

The court said in a brief order that it will hear arguments in February but will keep the program on hold for now. Last week, President Biden extended his pause on federal student loan payments until June 30, 2023, to give the court time to consider the dispute.

“We welcome the Supreme Court’s decision to hear the case on our student debt relief plan for middle- and working-class borrowers this February,” White House press secretary Karine Jean-Pierre said. “This program is necessary to help over 40 million eligible Americans struggling under the burden of student loan debt recover from the pandemic and move forward with their lives. The program is also legal, supported by careful analysis from administration lawyers.” (more)

In response to the decision from the Texas court, the Biden administration announced it had stopped accepting applications for the debt relief program.

Chang: China Protests Are Revolutionary


Posted originally on the conservative tree house on Newsmax TV Published November 28, 2022

People are pushing back hard against the CCP’s zero-Covid policy. Gordon Chang joins us to discuss the government’s brutal crackdown and the intense pressure mounting on President Xi.

Being a Real Man – CHAINSAWS (Episode 1)


Awaken With JP Published originally on Rumble on November 26, 2022

More JP — always Good