The Gross Misunderstanding of Central Banks


Armstrong Economics Blog/Central Banks Re-Posted Nov 23, 2021 by Martin Armstrong

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Ever since 1927, when the Federal Reserve lowered interest rates in a failed attempt to help Europe, which still ended up defaulting in 1931, Keynesian economics succeeded in brainwashing the analysis of how people look at the central banks. Where the 1927 G4 attempt to lower rates in the US was intended to deflect capital back to Europe, smart capital began to smell a rat, and they were correct. The capital inflows to the United States intensified and aided in creating the 1929 bubble high just as the 1989 Japanese bubble aided by capital inflows.

Then there was the G5 in 1985 that stupidly tried to lower the value of the dollar to reduce the trade deficit. They were clueless that at the same time, that would devalue US assets by 40%, which resulted in the 1987 Crash. You cannot lower the value of the dollar to sell more goods without also lowering the value of everything in your country. They don’t teach that in economics class because the government is supposed to be all-powerful.

Now people claim the entire rally is because the Fed has been engaging in QE since 2008. They claim the Fed has inflated the assets and the entire movement they attribute to the Fed’s actions. This is no different than the commands from Fauci to wear masks when at the beginning he stated that masks do nothing. There are people who wear a mask when driving alone in a car because they are incapable of independent thought. This is the same problem – as Stanley Milgrim called it, blind Obedience to Authority.

Post-Great Depression, the analysis became MARXIST. Oh, the Fed will raise rates because they do not want us to buy assets so the stock market should drop. But the Fed raised rates all the way into the rally until COVID. That did not prevent the rally. Yet analysts continue this brainwashed analysis that raising rates is bearish for the market.

Now they claim that, oh, it’s QE. They never look at the system as a whole, which includes international capital flows. The Fed failed to produce inflation while engaging in QE between 2008 into 2019. They ignore that, just as the global warming crowd ignores everything before 1850. If the Fed issued $1 trillion and buys in US Treasuries, I hate to tell you, but it has ZERO impact. Why? Because debt today is simply cash that pays interest.

Once upon a time, you could not borrow against government debt. Thus, it was deemed non-inflationary as long as it could not be used as money. Today, you post bills as collateral to trade futures. The old theories no longer exist in this new strange world we live in. Hence, all the QE was merely swapping the debt for cash.

Then it all depends on who is actually the seller of the debt to the Fed. If China sold its debt for cash, then the dollar went offshore and the domestic money supply never increased. There is a lot more to this game than the simplistic analysis that leads to brainwashing the financial community and investors. I know. I have been one of the few international advisers dealing with people on all continents.

Energy Secretary Touting Biden’s Oil Release Doesn’t Know How Many Barrels of Oil We Use Or Need


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 380 Comments

Eh, this is awkward… and simultaneously so typical of the current administration.   The White House trotted Energy Secretary Jennifer Granholm to the microphones today to tell the DC stenographers how brilliant, beneficial and strategically necessary it is to release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to lower gasoline prices.  The enthusiastic Energy Secretary read the script, gave her talking points and then took questions.

However, after spending 15 minutes talking about the strategic brilliance of the 50 million barrel release, one of the stenographers accidentally asked: “that said, how many barrels of oil do U.S. consumers use every day?”…   Granholm paused, looked down and said: “I don’t have that number in front of me, I’m sorry“…  WATCH:

♦ The amount we are giving you is so incredible and brilliant it will make everyone’s lives better.  The best ever.

♦ How much do we need?

♦ I don’t know. We didn’t get that information.  But the amount we are giving is awesome.

Yup, that’s the Biden administration encapsulated.

Christmas Parade Terrorist Darrell E Brooks First Court Hearing at 5:00pm – Livestream Link


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 243 Comments

The Black Lives Matter terrorist who killed five and wounded 20 is having his first court hearing today at 5:00pm ET.  Brooks will have his preliminary hearing in Wisconsin under the careful control of the U.S. Dept of Justice Community Relations Service (DOJ-CRS) who oversee all U.S. criminal cases when race is identified as the underlying motive for an attack. UPDATE: Video Added

Click on Waukesha County and select Court Commissioner to view.

Due to the high visibility of the case; and specifically because the DOJ-CRS are the primary stakeholder in the judicial proceedings {Go Deep}; the Community Relations Service has provided a court order instructing the Waukesha judiciary how they must engage/control media access.  [Media Instructions Here]  The CRS provides the template and Chief Judge Jennifer Dorow signed the order.

The primary concern for the CRS, aka ‘federal peacekeepers‘ is control over the national media narrative.  The techniques behind the court order are familiar.

The DC system operators have used racial division for their own benefit for decades; however, the peacekeeper deployment has been refined, updated and refreshed with the advent of technology and social media.

The CRS primarily focuses on clouding, obfuscating and hiding motives from violent race-based attacks.  They will take a small innocuous possibility and expand it into the larger talking points if that helps to deflect attention away from the real racial motive of a violent attack.  Remember, the CRS primarily activates when the controlled minority group attacks the majority group.

The CRS stands aside when national media and politicians push a false narrative that benefits their objectives.  When a NASCAR garage pull down rope is falsely promoted as a noose, the CRS just watch and do not refute the claim.  When Kyle Rittenhouse is wrongfully accused of being a white supremacist the CRS do not get involved, they just watch and do not refute the claim.  These examples advance the objective of the cultural Marxists and are therefore not impeded.

However, when a supported minority group attack the majority group with a motive based on race, the CRS quickly jump into action.  That is the specificity of what they do, and the CRS have broad power and authority to carry out their operations because they are aligned with one side of the political continuum.

The CRS use allied media to shape their control over their defensive justifications and narratives.  The CRS also have a massive network within the faith-based community that act as partners for their mission.

The African Methodist Episcopal church (AME) is a major partner for the CRS in their objectives.  Their relationship goes back to the civil rights era, before the CRS was corrupted for unilateral political benefit.  There is also a large network of nationwide community activist groups who are part of the CRS rolodex.  The federal peacekeeper reach is massive and, because of the cultural sensitivity they use as a weapon, it is virtually unchallenged.

What we will witness today in Waukesha, Wisconsin, is entirely scripted by the DOJ Community Relations Service.  The CRS will want national attention on this attack to disappear quickly.  They will coordinate this effort by focusing any response to media on a local level.  The CRS do not want detailed national media coverage, and the media is more than willing to bury it.

Click on Waukesha County and select Court Commissioner to view.

Grasping the Future Unfolding Before Our Eyes


Armstrong Eonomics Blog/Corruption Re-Posted Nov 23, 2021 by Martin Armstrong

QUESTION: Hi Marty,
I write to you somewhat often. Never get a response on the blog. I was hoping you could respond to this one question to put my mind and the mind of other Americans at peace.
It is clear that Europe is falling to the Covid tyranny. You say that “they” will not win in the end in the U.S. So my question is, what is the fate of the U.S. Should I be leaving my career, selling my house, and moving to a self-sufficient farm? Will the vaccine become compulsory for everyone in the U.S. or are they starting to lose? In short, can you give an overview of Socrates’ predictions and the timeline for the U.S.? Will it devolve into WWIII or a civil war, and when is that predicted? Will they put the unvaccinated in concentration camps at some point? Will there be shortages in the U.S. that result in famine?

What do you think? You would be helping an untold number of people by responding to this in the blog. Thank you so much for your time!

Don

ANSWER: I will try to put together a report for this overview. Europe is hopeless. Because they moved to negative interest rates in 2014, I warned them this would destroy their bond markets and undermine Europe completely. They refused to listen. Now we are seeing the consequence of those actions. This video is from an interview when I was in Europe back in 2018.

They are using COVID lockdowns, not for heath, but to crush the people into submission. They are following Schwab’s agenda — you will own nothing and be happy — pretending they are doing this for you when in fact it is the government defaulting on their debt. Europeans should put their money outside of the euro exactly as the Germans were using everyone else’s currency but their own during the hyperinflation.

Europe has no choice. The EU agenda has completely failed. This is why they have embraced Schwab’s agenda. To retain power and prevent the people from storming the palaces of the elite and parading their heads on spikes through the streets, they needed the lockdowns, destroy people’s ability to pay their debts, then sweep in with absolving everyone of debts as they default.

Schwab believes his Fourth Industrial Revolution will eliminate jobs through technology with robots and the creation of body parts. I believe he is trying to accelerate this so he does not die. But just like global warming, they are terminating fossil fuels now decades before there will be any sufficient replacement. They are destroying jobs on a grand scale in Europe also long before robots could replace a sufficient amount of the workforce. They are changing the world economy now while reading comic books of Flash Gordan and assuming that will be tomorrow.

The United States is a different power structure and Biden cannot do what European leaders are doing. This is why Soros is funding groups to try to destabilize the United States and this is most likely going to lead to civil war for he has been funding the polarization of America with the aid of the Democrats.

This idea of recreating the world economy when they do not even understand that it is the people who created the economy, not the elite.  Schwab clearly does not believe in God, like Karl Marx, or in nature. He thinks that the elite can direct how the future should be just like the Communists. People think that communism failed ONLY because they did not have the USA and Europe in the fold.

Such people reject the foundation of Adam Smith’s invisible hand and think they can decide, as the Communists did, what direction the economy should take from a bureaucratic central overview. That has been proven to be wrong so many times, but they refuse to give up because it is their power they cherish — not the people.

There is a revolution brewing in the country. They are deliberately undermining society in hopes of taking over the United States. I will provide a detailed report on all of this and why Socrates has forecast that they will FAIL. Let it be said, I have tried very hard myself to defeat Socrates. But I have failed every time. I did a Solution Conference in 2015 when I realized it was Schwab I was fighting against.

Powell to Remain at Fed as a Democratic Revolt is Festering


Armstrong Economics Blog/Central Banks Re-Posted Nov 22, 2021 by Martin Armstrong

Biden nominates Powell for the second term as Fed chief, as Democratic Opposition to his leadership is rising fiercely. Biden’s handlers appeased the Progressives by naming Brainard vice-chair. The hearings of  Omarova have rattled even conservative Democrats who are starting to wonder who is really calling the shots.

Then the word in DC is that Biden will run in 2024. The conservative Democrats are beside themselves. With Biden’s polls at only about 33% favorable, they are starting to suspect that his administration is about this Great Reset and the strings being pulled are not to their liking. But a president who is mentally incompetent is exactly what these people wanted to change the United States into a Marxist Wonderland.

Salesforce – A Dangerous Company?


Armstrong Economics Blog/Conspiracy Re-Posted Nov 22, 2021 by Martin Armstrong

Marc Benioff took Salesforce following the full mandate to be vaccinated based on the federal contractor rule for all employees, despite the fact that not everyone in the company deals with the government. This is even contrary to the court ruling and OSHA rescinding that decree. It appears that Benioff is following Schwab and his partnership with the World Economic Forum rather than the US Constitution. If he does not reverse that position, it appears that Salesforce will be the target of a massive class-action lawsuit.

Marc Benioff is up to his neck if not over his head in league with Klaus Schwab. Personally, I will neither do business with nor advise Salesforce in any capacity. Benioff, I believe,  takes his marching orders from Schwab and has committed a public company to his personal friendship with Schwab. But Benioff does not believe he owes anything to his shareholders, but society comes first with stakeholder economics that failed once the government provided socialist benefits.

Benioff’s duty is to his shareholders. If I raised money to go public and then said, oh, by the way, I think I will donate what you just gave me to my personal charity, I think that would be called fraud.

Journalists Fleeing Mainstream Media


Armstrong Economics Blog/Press Re-Posted Nov 22, 2021 by Martin Armstrong

While more than 50% of the police in New York City wish they never became cops because of the manipulation of society, and there has been the beginning of a migration of police from New York to Florida, there is another trend emerging concerning mainstream media both in the United States as well as in Europe. I have known some of these high-level people in the mainstream media who wanted to report on the forecast of Socrates but have been blocked. There is a great sucking sound with journalists resigning. The interesting aspect is to what who is resigning from what newspapers.

Nellie Bowles of the New York Times quit and she explained how the news is being manipulated. She said she was sent to report on the “mainstream liberal argument” that vandalizing buildings for racial justice was not detrimental because businesses had insurance. “It turned out to be not true,” Bowles wrote. “The part of Kenosha that people burned in the riots was the poor, multi-racial commercial district, full of small, underinsured cell phone shops and car lots. It was very sad to see and to hear from people who had suffered.”

The entire Rittenhouse divide with people calling this a racist court is ignorant. It seems many in the mainstream media reported it was a Black Lives Matter riot, but the people he killed were white – not black. Has mainstream media deliberately tried to create civil unrest?

One of the editors of the FT just quick because of the same reasons. There has been a mass exodus of journalists from the BBC and the London Financial Times. Mainstream media is denying the truth on every level and we are witnessing the collapse of not just government, but mainstream media. They are pushing ONLY a left-wing agenda and if the news is to the contrary, they refuse to print it.

The FT has been pushing the end of Capitalism when its entire livelihood was supposed to be business. You can’t make up this hypocrisy. There are more people in line to leave the FT. Why work for a newspaper that was founded on capitalism that now supports Schwab and terminating capitalism?

Eventually, in 1945, there was a  merger that created the London Financial Times as one of the largest business newspapers in the world. The FT will fold by 2031 on that 86 year cycle as it is committing suicide. It will fall with this failed effort to end capitalism.

The FT was a newspaper that I once respected, but today, it has become a propaganda rag for Schwab that refused to even allow reporters to investigate the origin of COVID. Was that directive straight out of instructions from Geneva? Why were such investigations not appropriate? Why do they now support Marxism?

The FT also takes money from Bill Gates surrendering its independence and integrity as has been the case at the BBC. The biggest names in mainstream media have simply been sold to the highest bidder.

I have had contact with mainstream media but they are NOT allowed to utter a single word that there is this computer that dares to forecast the decline and fall of this World Economic Forum. The very fact that Schwab is preaching his 4th Industrial Revolution and AI that will change the future would be on point when it forecasts he will fail. The entire Guaranteed Basic Income is the assumption that robots will replace people who will then be unemployable and to save the planet, they need to get rid of the excess humans. That is the unspoken agenda behind these words.

Because mainstream media will not investigate, they would be shocked to find out that these people think we need another 50% reduction in population like the Justinian Plague of 541AD and the Black Plague of the 14th century. The media will never bother to even investigate. Indeed,  the Washington Post’s logo, Democracy Dies in Darkness, is exactly correct. They are the one’s creating the darkness to kill Democracy and usher in Schwab’s new Marxist Wonderland.


Just some journalists who have quit

Tucker Carlson Interviews Kyle Rittenhouse


Posted originally on the conservative tree house on November 22, 2021 | Sundance | 124 Comments

Kyle Rittenhouse shot and killed Joseph Rosenbaum and Anthony Huber as he was being attacked by a raging mob in Kenosha, Wisconsin. Rittenhouse also fired on Gaige Grosskreutz as the attacker held a handgun toward him. Prosecutors and U.S. corporate media attempted to claim that Rittenhouse was a racist vigilante looking for a fight; however, the defense, and all video of the events, show all shootings were justifiable self-defense.

Fox News host Tucker Carlson has an exclusive interview with Kyle Rittenhouse after a jury acquittal.  WATCH:

NBC Thanksgiving Suggestions to Cope With Joe Biden Inflation, Don’t Buy Turkey and Don’t Invite Family


Posted originally on the conservative tree house on November 22, 2021 | Sundance | 176 Comments

NBC ran an interesting segment on how to cope with the massive inflation and additional costs caused by Joe Biden.  Given the collapsing state of the U.S. economy, and crushing price increases for products created by White House policy, the administration previously suggested we should lower our expectations.

NBC takes the ‘lower expectations‘ theme to entirely new levels.  I’m not sure they thought through the meaning of Thanksgiving prior to the suggestions; however, Biden’s NBC stenographers have a few interesting recommendations.

The first suggestion is don’t buy the Thanksgiving day turkey, it’s too expensive.  The second odd suggestion to save money is do not invite friends of family to dinner.  WATCH:

Darrell Brooks Initial Court Appearance Scheduled for 2pm CT Tuesday, DOJ-CRS Outlines Waukesha Judiciary Media Rules


Posted originally on the conservative tree house on November 22, 2021 | Sundance | 194 Comments

The self-proclaimed black supremacist, who used his vehicle as a weapon to kill five people and injure 40 more, has his first court appearance scheduled for 2:00pm CT tomorrow (Tuesday November 23, 2021) [Details Here].

Suspect Darrell E. Brooks will have his preliminary hearing under the careful control of the U.S. Dept of Justice Community Relations Service (DOJ-CRS) who oversee all U.S. criminal cases when race is identified as the underlying motive for an attack.

Due to the high visibility of the case; and specifically because the DOJ-CRS are the primary stakeholder in the judicial proceedings {Go Deep}; the Community Relations Service has provided a court order instructing the Waukesha judiciary how they must engage/control media access.  [Media Instructions Here]  The CRS provides the template and Chief Judge Jennifer Dorow signs the order.

The primary concern for the CRS, aka ‘federal peacekeepers‘ is control over the national media narrative.  The techniques behind the court order are familiar:

(Source pdf)

Long term CTH readers have familiarity with how the peacekeepers work to tamp down issues and control criminal cases that are adverse to the interests of the federal government.

Ironically, and purposefully, the claimed need for national racial cohesiveness is the statutory justification for federal control.  Ironic, because the DOJ-CRS support the use of race for political benefit, then the CRS claims to protect national unity against the outcome from using race for political benefit.  The propaganda is thick.  I digress…

FOX6 did a great outline of the prior criminal record of Mr. Darrell Edward Brooks in one of their broadcasts.  WATCH: