Category The war on the working class rages on.

Jun 12 2023

The True Story of Hyperinflation


Amstrong Economics Blog/Cryptocurrency Re-Posted Jun 12, 2023 by Martin Armstrong

QUESTION: Dear Mr. Armstrong,
could you please explain what happens in technical terms from a capital flow perspective, when confidence is lost and hyperinflation starts to begin?
For example Turkey. When Erdogan was elected i think you wrote that ever since the lira started dropping. So confidence in politics is key. Do you think one day we will see hyperinflation in Turkey?
And another example, is Yugoslavia: what caused the hyperinflation (in technical terms/capital flow perspective)? Are foreign investors getting rid of the dinars? Too many dinars than suddenly rushed back into Yugoslavia causing hyperinflation?
Regards,
Magdalena Š.

ANSWER: The misnomer about hyperinflation is that it is caused by printing money. It is a RESPONSE to the collapse in the confidence of the government.  If we look at the 3rd century, this is where we find the greatest number of hoards of ancient coins. What began this was the capture of Valerian I by the Persians in 260AD.

Valerian was the first Roman Emperor to be captured and Rome was unable to recuse him. That shook the confidence of the Roman people, but it also was a signal to the barbarian tribes in the North that if the Persians could do it, they could as well. Within 10 years, Emperor Aurelian constructed the great wall around Rome. Never before did Romans have such a defensive wall. That had a powerful army.

There was a trend toward debasing the silver coinage which began with Nero to try to fund the rebuilding of Rome after the Great Fire. But that did not undermine the confidence in the Roman Monetary System any more than our perpetual deficit spending since World War II.

However, a spark is ignited and suddenly that trend turns into what I have called a Waterfall event in the purchasing power of the currency. Such an event has taken various forms. However, the end result is the collapse in the confidence of the government and as a result, that is when you get that waterfall event.

In the case of Germany, Yugoslavia, Hungary, etc, there was a 1918 Revolution where communists seized power and the emperor of Germany lost power. In that case, they actually asked Russia to take Germany after their revolution in 1917. This was the beginning of the Weimar Republic.

Germany was saddled with reparation payments demanded by France. First, you had a communist revolution and people with capital began to flee to other places in Europe or certainly move their money out of German banks. It was this drain of wealth that forced the Weimar Republic to print money to try to make their reparation payments. Then in December 1922, they seized 10% of everyone’s assets and handed them a bond.

Here you can see that after that December 1922 confiscation, hyperinflation simply took over. It was NOT the printing of money that caused the hyperinflation it was the collapse of confidence FIRST which then compels the government to expand the money supply lacking taxation revenues etc.

I suspect the spark this time may be the Digital Currency and the proposed cancellation of paper currency. This is why people are moving to anything tangible from real estate, gold, silver, ancient coins, and even equities. With DIGITAL CURRENCY they will have capital controls and prevent you from even moving money outside of your country.

The precise day of the ECM was the announcement of the IMF Digital Currency which they intend to replace the US dollar as the reserve currency. This may be timed with the turning point in 2024. It is unlikely that they would cancel paper currencies before the 2024 election. This is all being

Jun 7 2023

There is no Glory in the Grave


Armstrong Economics Blog/War Re-Posted Jun 7, 2023 by Martin Armstrong

“The working class of Europe has nothing to gain from this war and everything to lose,” Irish European Parliament member Clare Daly stated in October 2022. “I find it laughable that those who call for arms to Ukraine never call for arms for the people of Palestine, or for the people of Yemen.” She is right – the people have absolutely nothing to gain through endless wars. Some may say, “Oh but Palestine and Yemen do not border Europe.” The neocons led Europeans to believe that they were in danger of Russian aggression, as if Russia were on a conquest to conquer all of Europe. In truth, they knew that Russia only wanted to reclaim a piece of land that historically hosted Russian people. Europe at large was never in danger; they are now.

https://youtube.com/watch?v=IhS_7tVv_XQ%3Ffeature%3Doembed

Clare Daly has been aggressively advocating to end the war in Ukraine. Daly spoke out in March 2023, declaring, “Ukraine is burning through a generation of men.” Zelensky is sending in troops with no formal training who are expected to fight his endless war. People cheer when they hear of a successful attack or new weapons coming in, but no one thinks of the Ukrainian and Russian men on the frontlines who will never return home.

Think of the teenagers who know in a few short years that they too will be expected to fight, with no other potential future. Ukrainian male students were prohibited by the Ukrainian Ministry from traveling abroad to study, as Zelensky needed them ready to fight to replace their older brothers and peers who may perish in battle. Yet Zelensky parades around in a military green shirt, forcing men to die, knowing he will not receive so much as a scratch.

“These are human beings, and there is a shameful lack of empathy for ordinary people in the war rhetoric in here. The debate is about keeping the war flowing to keep the war going,” Daly shouted. Peace was never an option for the West. Russia did in fact offer to hold discussions. They appeased Russia with the Minsk Agreement that they never intended to keep, as former German Chancellor Angela Merkel admitted. Merkel said that the entire premise of the Minsk Agreement was to buy time to build up Ukraine’s military. War has always been the goal of the neocons. Russia was none the wiser of the grand plan until after they entered Ukraine.

Clare Daly has expressed how livid she is at the warmongers for continuing this war. It is a rare occurrence to see her speaking out on BBC or any major channels. She has questioned what it even means for Ukraine to “win” the war. “Ordinary people don’t win in wars, they’re cannon fodder in the games of others,” Daly said, “You can shout glory all you like, but there is no glory in the grave, and only graves come out of this folly.”

https://youtube.com/watch?v=fSRv_0sEfNk%3Ffeature%3Doembed
May 22 2023

30-Tons of Explosive Missing Domestically Highjacked


Armstrong Economics Blog/Civil Unrest Re-Posted May 21, 2023 by Martin Armstrong

Apr 30 2023

Oh Snap, Did Neil Oliver Just Go Full Tucker Carlson?


Posted originally on the CTH on April 29, 2023 | Sundance 

In the big picture you might boil down this week’s Neil Oliver monologue to say there’s good and bad, and people need to pick a side.  However, the reality of the details he uses to frame the battle against the “baddies” is a series of current event datapoints the powers that be are likely not going to appreciate.

In his monologue Neil hits on the power behind the Potemkin Village, the multinational corporations behind the scenes, the groups who control the public impressions of politics while orchestrating their next exfiltration of wealth.   Incredibly, Oliver goes into the background of Sudan and Ukraine to outline how the corporations that control government need assistance from the military those government officials control.

Think about the dynamic behind that truth: the corporations that control government need assistance from the military the government controls, because that’s the reality of the thing we are not supposed to talk about.  What that truth outlines is what’s known on these pages as ‘the exfiltration dynamic‘.

Talking about the secret thing is not permitted; yet talk about it he does, in detail, in sunlight.  Oliver is going full Tucker.  WATCH:

https://youtube.com/watch?v=rvDUgc-Kvtc%3Ffeature%3Doembed
Apr 23 2023

The Contagion of War


Armstrong Economics Blog/Civil Unrest Re-Posted Apr 23, 2023 by Martin Armstrong

QUESTION: You have suggested that we will end up at war with China, Russia, North Korea, and even Iran simultaneously. How does Socrates conclude such an event that perhaps never happened in the past?

ER

ANSWER: Your assumption that such a thing has never happened is not correct. Periods of war of this nature unfold like a contagion of the flu. The English Civil War (1642-1652) which ended with the beheading of the King in 1649 was instigated using religion as the rallying cry.

In France, there was also an uprising that dramatically interrupted monarchy in 1648 by the uprising of a series of challenges to the absolutism of the King that came to be known collectively as the Fronde.  The Fronde (1648-1653) plunged France into civil disorder.  The king was even driven from his capital as several provinces revolted. This was a revolution demanding a right to participate in government. When the Fronde ended, the king was restored to absolute royal authority.

Of course, the Fronde may not have changed the French system of government, but it set the stage for the final French Revolution. Nevertheless, the American Revolution then spread with that spirit to overthrow monarchy becoming the France Revolution in 1789.

Throughout history, if we correlate the civil uprisings and forget about the claimed cause, we will see an amazing correlation. Throughout Europe, there was the communist revolution that spread to all the countries in 1848. When you allow the computer to correlate the world, what pops up is that the same Communist Revolution spread to Spanish Latin America, with Revolutions that appeared in New Granada that led to the fall of the government there.

Looking closer, you will see in Brazil there was the Praieira Revolt between 1848-1852. You also see the Mexican-American War, which was also in part inspired by the Battle of the Alamo (February 23 – March 6, 1836).

If we look closely, we will see that 1848 was a”world revolution” for revolutions broke out almost simultaneously in fifty countries from Europe down to Brazil. This era created resentments that lingered beyond domestic revolution and international war just as the reparation payments demanded by the French following WWI led to the rise of Hitler and WWII. The Revolutions of 1848 set the stage for the period that continued into 1880, marking a bloody century with 177 different conflicts.

Even the American Civil War ended slavery and became a contagion that spread to Russia and inspired the 1861 termination of serfdom in Russia.

Socrates has correlated everything. I am sad to report that we are looking at a global uprising. This time, it will be our pretend democracies that are no different than authoritarian monarchies that meet their demise post-2032.

Apr 22 2023

Representatives Steube, Mills and Donalds Leave Fox News Hosts Crying on Air for Their Beloved DeSantis – Video


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

Oh, this is funny.  Rupert Murdoch’s little foot soldiers, Bill Hemmer and Dana Perino, hosted three Florida Republicans on their broadcast to explain why they support Donald Trump and not Ron DeSantis.  Fox News has big sad.

Congressional Republicans Greg Steube, Cory Mills and Byron Donalds all explain why President Donald Trump is the better choice in 2024.  Bill Hemmer pleads with them to evaluate how brilliant Ron DeSantis is, but Donalds, Mills and Steube brought the MAGA hammer.   Epic Video. WATCH:

https://youtube.com/watch?v=WPgWz8n5osY%3Ffeature%3Doembed

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