Inflation Crippling Low-Income Americans


Armstrong Economics Blog/Inflation Re-Posted May 16, 2022 by Martin Armstrong

We went from a booming economy to staring down the next recession. Inflation has reached 8.3%, and most Americans are troubled that they will no longer be able to afford their standard of living. According to the latest Gallup poll, 52% reported that they are fearful about maintaining their standard of living. Some may say, “So what? The rich will have to sell off one mansion and fly commercial!” The people who will feel the brunt of this economic downturn are lower-income earners.

Among those earning under $40,000 annually, 73% said they no longer believe they can afford basic living necessities, up from 56% a year prior. About 65% of lower-income Americans worry about having enough money to pay their monthly bills, while 59% say they fear they’ll no longer be able to afford housing. In fact, more lower-income renters should be concerned about the rising cost of housing because landlords will pass their increased costs on to their tenants at a time when rental costs are already at an all-time high.

Medical bills, the leading cause of bankruptcy, are of the utmost concern. Seventy-two percent of lower-income earners said they cannot afford an emergency medical event, and 62% cannot afford basic medical care. These fears are not unfounded and we are looking at a major crisis on the horizon.

European Union Pushing for Mass Surveillance


Armstrong Economics Blog/European Union Re-Posted May 16, 2022 by Martin Armstrong

Censorship is now normalized in the West. The European Union has concocted its own way to spy on citizens under the pretense of protecting children from predators. The “chat control” law, if passed, would permit the EU to access private, chats, emails, text messages, and calls. The program will even allow the government to view messages sent on gaming systems such as X-Box. We have reached dystopian levels of mass surveillance.

The legislation would allow the government to view communications in real-time. The European Parliament passed a similar law in July 2021 on a smaller scale. This new adoption would no longer be voluntary and will involve the entire population. There were opposing members when the initial measure passed in July, and 72% of EU citizens said they opposed mass surveillance.

German Pirate Party Member of the European Parliament Patrick Breyer called it “totalitarian logic” and warned that “our post, our smartphones or our bedrooms could also be generally monitored. Unleashing such denunciation machines on us is ineffective, illegal and irresponsible.” That day has now come as the union is requesting unlimited access to our private lives.

Edward Snowden warned that this breach of privacy would span across the globe. The government no longer needs warrants or probable cause. If you ever feel alone, remember that the government is always there with you.

Clinton, Epstein, and a Mysterious Death


Armstrong Economics Blog/Corruption Re-Posted May 16, 2022 by Martin Armstrong

Reminder: Jeffrey Epstein did not kill himself. The media stopped covering Ghislaine Maxwell’s trial but she is still alive and so are her secrets. She is imprisoned for sex trafficking, but not one abuser has been identified or brought to justice. The media failed to mention that she recently agreed to reveal the names of the alleged sex ring members in exchange for a reduced sentence. If she were to produce the names of high-profile clients, such as politicians, that would only help her case.

Epstein likely blackmailed high-profile individuals by using underage girls as bait. Bill Clinton was one of those individuals, allegedly, and the man linking Clinton to Epstein just died under mysterious circumstances. Clinton’s former special advisor Mark Middleton passed away at the age of 59 in a “sudden” death, according to his family. In 1994, the Clinton campaign asked Middleton to seek out funds from Les Wexner, and his money manager was none other than Jeffrey Epstein.

Bill had been linked to Epstein ever since and allegedly granted him access to the White House numerous times. Middleton is the original link between Clinton and Epstein and even flew on the Lolita Express. The Clintons initially disposed of Middleton, politically, in 1995 after they accused him of abusing “access to impress business clients and he was barred from the executive mansion without senior approval” and there was a probe against him the following year.

Middleton left politics entirely and lived a life out of the spotlight. Yet, the connection remained. As soon as Maxwell stated she would reveal her client list, Middleton suddenly passed away. Coincidence? What names will Maxwell reveal, and will the media cover the story?

Switzerland Joining the Warmongering Crowd


Armstrong Economics Blog/Switzerland Re-Posted May 16, 2022 by Martin Armstrong

The propaganda machine has been working at full speed. Sweden and Finland have been convinced to join NATO and now we have reports from within Switzerland that they too are contemplating surrendering their neutrality and joining the end times for Europe. Switzerland’s defense ministry is moving closer to NATO. They have violated their neutrality already by confiscating Russian assets. So in for a penny, in for a pound as they say. Switzerland is contemplating joint military exercises with NATO and they will be joining the fun and games post-2024 as well. So you better stock up on the Swiss chocolate. They may end up extinct after 2024. Perhaps they should recall the Swiss guards they lend to the Vatican. They may come in handy.

Markets never lie. The Swiss franc has gone into a free fall ever since we heard from behind the curtain that the Swiss government is yielding to the pleas from the West to join NATO. That is surrendering their neutrality and the markets are warning that Switzerland is no longer the safe harbor for capital.

Indeed, we certainly have the worst possible crop of world leaders EVERYWHERE. There is not a single political decision that anyone can possibly even call reasonable. We even had the insanity of Boris Johnson threatening to strike Russia with nukes outside of NATO. Just one nuke from Russia will take out all of Great Britain. This pounding of chests is not going to do anything but hurl us toward war so they can do this Great Rest and default on world debt because they have run the largest Ponzi scheme in human history.

I have a lot of European friends who have asked if they can flee here to Florida and hide under my bed. Unfortunately, I don’t think my bed is big enough to meet all the requests.

As I have written before, there are NO peacemakers – only warmongers. There is a better way. We can restructure the debt as I would do for a corporation in crisis. We do not need this warmongering and Klaus Schwab’s grand plan will fail just as Marx did. The United Nations will NEVER rule the world despite their thirst for power which was even mentioned in the charter of UNESCO.

Switzerland is in serious trouble. Going into 2023 is crazy then a Panic Cycle comes into play for 2024. This is not my personal opinion. I have created a computer that has NEVER been wrong on its geopolitical forecasts. I know I cannot scream loud enough to change the cycle. All I can do is plead for the world to look and just maybe we can live with the cycles post-2032 and create a better world just for once.

As for my friend in Switzerland – sorry, you can’t hide under your beds there. And yes, I got a dog I named Napoleon because I looked at my computer and knew I will not be visiting Europe again in my lifetime. So it was time to settle down. She’s always by my side.

Sweden & Finland Joining NATO


Armstrong Economics Blog/Scandinavia Re-Posted May 15, 2022 by Martin Armstrong

QUESTION: Hi Marty, hope all is well.

All indications are that Sweden and Finland will join NATO. However, both countries refuse to allow nuclear weapons to be placed in their countries.

Russia still threatens reprisals.

Does Putin have any reasons to attack Sweden and Finland before their respective NATO applications are a fact?

If no nuclear warheads are placed in Finland nor Sweden, what do you think the Russian response will be against Sweden and Finland in the end?

Kind Regards/MS

ANSWER: We do not see any indication that Russia will attack Finland and Sweden before joining NATO that would involve a prolonged event.  However, note that the computer did have a Double Directional Change here in 2022 which reflects the political change that is unfolding. War does not appear in that region until 2027-2028.

I am working feverishly to get what I hope will be a book on the coming World War III based upon the computer projection rather than my opinion. Unclassified documents have surfaced confirming that actually Putin is correct – NATO had promised not to move one inch eastward and that Eastern Europe was to be a buffer zone of nutrality. NATO has been the agressor and they are NOT ever interested in peace because if there was really peace, then there is no need for NATO and all those people would lose jobs.

As most people know, my sources are dammed good. When the Russians were building a secret unground facility, even Margaret Thatcher asked me if I had any information since their intelligence was coming up short. Our clients are of a like mind regardless of the nation in which they reside. There are always people in every country who oppose whatever current government is in power. That is just humanity. Even during the American Revolution, there were people who supported the king and they confiscated their property to fund the war.

There is so much behind the scenes that people just do not know like why Crimea was handed to Ukraine in 1954? Nikita Khrushchev was raised in the Donbas and actually considered himself from that region being born just 7 miles from the border between Ukraine and Russia. It was Khrushchev who rebuilt Kyiv after World War II for he was in charge of that province before he rose to national power. Khrushchev also was redrawing borders elsewhere. He was removed in 1964 for his hair-brain ideas and his confrontation with the US over stuffing missiles in Cuba in 1962. What Ukraine wants to do pushing the world into war over territorial grab, the world needs to know the Truth. All of Khrushchev’s redesigning borders was reversed and that included Crimea which they ruled was an illegal act.

I am putting together the full story covering both sides. We all have a right to know. NATO wants war and this is a war to exterminate Russia. Ukraine is the proxy war as our computer forecast back in 2013 that this would be the place where it all begins. The West could care less how many Ukrainians die – civilians or otherwise. Their purpose is to weaken Russia and only then will NATO act. Next will then be China.

Pennsylvania Senate Candidate Kathy Barnette Appears on Fox News to Answer Critics


Posted originally on the conservative tree house on May 15, 2022 | Sundance

Pennsylvania Senate Candidate Kathy Barnette appeared on Fox News Sunday with Shannon Bream to answer questions about her prior positions, statements and current candidacy.  Barnette has climbed in the polls and is in a tight race for the PA senate seat.

There has been an onslaught of criticism and critique in opposition to Kathy Barnette.  Many political followers are concerned she might win the primary but then get crushed in the general election due to inflammatory statements in her past.  This interview was a great opportunity for her to calm the nerves of republican primary voters and instill confidence. Unfortunately, Barnette did not do well in this interview.  WATCH:

Shannon Bream was fair and gave Barnette plenty of time to explain her positions.   Pennsylvania voters will need to make their own decisions.  Trust your instincts; if you sense sketchy, it is likely because sketchy exists.

Sunday Talks, Bartiromo Interviews Nunes and Patel About Sussmann Trial


Posted originally on the conservative tree house on May 15, 2022 | Sundance

In the second segment of the interview with Maria Bartiromo, Devin Nunes and Kash Patel discuss the trial of Michael Sussmann which begins tomorrow. {Direct Rumble Link}

Ultimately the issue in the Michael Sussmann trial is quite simple:

Did the DOJ and FBI know the material Michael Sussmann was giving them came from the Hillary Clinton campaign?

We all know the answer to that question, of course they did.  However, there has been –and continues to be– a game of grand pretense from the DOJ/FBI group where they pretend not to have known.

Two groups: the “insider group” (DOJ/FBI) and the “outsider group” (Perkins Coie, Fusion GPS, Clinton campaign, Sussmann, Elias, Mook, etc).

Claiming the DOJ and FBI were duped, is the government firewall that protects the inside group.  However, this claim is now against the interest of Michael Sussmann who has been accused of false representation and lying to the FBI about the provenance of the information he provided.

In her capacity as the DOJ lawyer assigned to the office of FBI Deputy Director Andrew McCabe, Lisa Page played a role in evaluating the provenance of the concocted Trump-Russia information given to McCabe via FBI Chief Legal Counsel James Baker (who received it from Sussmann).

Lisa Page (above left) is legally represented by Amy Jeffries (above right), who is the wife of the trial judge (Michael Cooper) in the Sussmann case.  So, think about it…

…The FBI lawyer (Lisa Page) in charge of vetting the provenance of the fraudulent material from Clinton (via Sussmann), retains legal services from the wife of the Judge now determining whether the provenance was accurately disclosed by Sussmann.

You can’t make this stuff up.

Everyone knows the FBI was aware the Sussmann material (Trump-Russia fabrications) came from Clinton’s campaign.

Lisa Page knew the material she reviewed came from Hillary Clinton. However, everyone in the DOJ and FBI has to pretend they didn’t know, or else they’re in deep shit.

So, this grand pretense is taking place, where everyone inside govt (DOJ/FBI) is pretending not to know the Sussmann stuff came from Hillary Clinton, and everyone outside government (Fusion, Clinton, Perkins Coie, Sussmann, Elias et al) is saying the govt (DOJ/FBI) did know the provenance, or else the outside team would be in big shit for lying or perpetrating fraud.

Enter Special Prosecutor John Durham amid this game of great pretense. That’s really what the Michael Sussmann trial boils down to.

INSIDERS – DOJ/FBI saying they didn’t know (or else trouble).

OUTSIDERS – Sussman saying the DOJ/FBI did know (or else trouble).

The “didn’t know” -vs- “did know” is the firewall between the INSIDERS and the OUTSIDERS. Put another way, the DOJ/FBI were duped -vs- the DOJ/FBI were complicit.

As long as INSIDERS can claim they were duped, they are safe. However, if the OUTSIDERS prove the INSIDERS were not duped, then the spotlight shifts.

If Sussmann wins, it means the DOJ/FBI lose. If Sussmann loses, it means the DOJ/FBI firewall remains intact.

Same thing, another way: If Durham wins, it means the INSIDERS are safe. If Durham loses, it means the INSIDERS are exposed.

That’s why the majority of the previous media participants are not writing about the trial. For them, the dynamics are tenuous. They want Sussmann to win, but the media don’t want their INSIDERS exposed. If the insiders are exposed it means the DOJ and FBI knew the information came from Hillary Clinton, AND they pushed that false Trump-Russia information into the media via leaks.

Then the story circles around to the media claiming they were duped by the DOJ and FBI feeding them false information – versus the media admitting they knew the information was false, yet they used the method of reception from the DOJ/FBI to enhance the credibility of claims they knew were fraudulent.

It’s all FUBAR. A through the looking glass game of grand pretense. A public pantomime of silliness and abject nuttery.

Everyone involved, both inside and outside government, are still pretending not to know things.

The trial is ridiculous theater, created to give the illusion of legitimacy to a series of events and investigations that is designed around this game of pretending.

One example of the nuttery. Judge Christopher Cooper is the trial judge. If Michael Sussmann is NOT Guilty, it means the FBI did know he was representing Hillary Clinton when he passed the information along. That means the DOJ/FBI insiders are exposed.

If the DOJ/FBI insiders are exposed, Lisa Page could need Judge Cooper’s wife again.

Sunday Talks, Bartiromo Interviews Nunes and Patel About Musk and Twitter


Posted originally on the conservative tree house on May 15, 2022 | Sundance 

Fox News Maria Bartiromo interviewed Devin Nunes and Kash Patel ahead of the trial for Clinton campaign lawyer Michael Sussmann which begins tomorrow.  The interview breaks down into two segments, the first segment outlines the discussion of Elon Musk purchasing Twitter. {Direct Rumble Link}  WATCH, Part I

The issue of ‘bots’ operating on the Twitter platform is an interesting aspect when you consider the cost of platform operation.

On one hand, extensive auto-generated ‘bots’ would be an issue of cost and data-processing, a net negative.  On the other hand, the use of bots would be a manipulative practice for the creation of false impressions to generate advertising revenue.

If the scale of data-processing was subsidized, an outcome of a network of data processing centers -clouds- linked to government resources, the bots would not be an issue for the operation.  Despite the false impressions generated, bots would, however, under this weird situation, be useful for the manipulation of the conversation.  At the root of Elon Musk’s line of inquiry is the need to discover if this suspicion is true.

If the scale of bots has been underestimated (likely by a willfully blind operation) the advertising fees charged by Twitter were potentially fraudulent.  This is another operational reason (mitigating lawsuits from advertisers) for Musk to make the determination prior to the final purchase of the platform.

Taking Twitter private as a company, eliminating bots (which is essentially removing fraudulent users) then carries the potential benefits of both lowering costs and positioning the company to increase genuine ad revenue from authenticated users as real people.

Many people suspect the size of the political left on the Twitter platform is manipulated by programatic bots.  Meaning there seems to be more people on the left side of the spectrum because bots are deployed to give the impression of like-minded users.  I am one of the people who believe this suspicion is accurate, because it would be a typical way the ideological left operates.

The bots would be in addition to the deployment of algorithms that are designed to suppress speech the platform operators do not like.

I have long suspected the Twitter algorithm process is essentially assigning certain users into specifically designed data-processing containers where their voice is suppressed.   Some people call this ‘shadow-banning,’ I simply call it suppression.

Elon Musk represents a threat to the way the platform was/is designed to operate.  If Musk removes the discussion constraints, opens the containers and removes the restrictions, while simultaneously eliminating bots and fake accounts, the entire perspective of the platform could change very quickly.  This is what I think the current board and operators are trying to avoid.

As CTH has said for many years, there are more of us than them.  However, Big Tech controls the mechanisms we use to communicate – and as a consequence the scale of our assembly is severely understated.

Twitter user fraud is the digital and social media equivalent to voter fraud.   The voices raised in opposition to both are exactly the same.

NBC Poll, Contracted to Same Democrat Firm Who Created Ultra MAGA Branding Effort, Reflects Highest Disapproval Ever for Joe Biden


Posted originally on the conservative tree house on May 15, 2022 | Sundance 

NBC is promoting their contracted poll today [pdf HERE] around the lesser-important voting issue of abortion.  However, before getting to the poll it is worth noting again who they contracted with.  Inside the article you will note this sentence, “[…] who conducted this survey with Democratic pollster Jeff Horwitt of Hart Research Associates.”   If that name sounds familiar, that’s because it is the same ideologically aligned polling outfit who spent six months creating the ultra-MAGA branding campaign for Anita Dunn and the White House {link}.

The abortion polling is irrelevant to the issue of larger public opinions of the Biden administration.  On abortion, 10% of polled respondents say they are single issue voters [respondents = 790 RV’s, (79 single issue)].  Out of 79 single issue voters, 22% list abortion as their top priority. So, out of 790 registered voters, 17 view abortion as their single issue to vote on.  That’s the scale being overemphasized.

On the larger issues of voter priorities, the economy dominates with 40% responses.  Additionally, the polling identifies 39 percent of Americans approving of President Biden’s job as president, versus 56 percent who say they disapprove.  75% say the country is heading in the wrong direction, and only 16% saying the country is on the right track.   That’s the bigger headline.  WATCH:

[POLL pdf Here]

Sunday Talks, Goldman Sachs CEO LLoyd Blankfein Still Sees Demand Side Inflation


Posted originally on the conservative tree house on May 15, 2022 | Sundance 

Appearing on Face the Nation (FtN) Goldman Sachs CEO Lloyd Blankfein discussed his views and perspectives on the economy overall and U.S. inflation specifically.  Undoubtedly Blankfein has access to resources and analysis far beyond CTH scope; however, despite a statistically factual contracting GDP, Blankfein is claiming to see overall demand side inflation remaining in the macro economy.

Perhaps that view might still be true domestically on the service side (it certainly isn’t on the trade side), but demand driven inflation does not appear visible on the goods side of the economic ledger.  What is clearly present as the price driver is “production side inflation,” the costs to create goods and bring them to market.   If you look at economic activity in units instead of dollars, the units are contracting.

The demand for goods is now focused almost entirely on priority or essential purchases like housing, energy, fuel and food.  The price for those essential products is driven by production costs, which are a direct outcome of the energy policy, environmental policy, regulatory policy, and to a lesser extent trade policy, of the Biden administration.  Blankfein is pretending not to know things… WATCH:

Putting housing aside due to investment purchasing of real estate, if Blankfein was correct, and demand was still driving inflation, then a massive deflationary cycle would be coming as a result of lowered consumer purchasing of goods.   There isn’t any chance we are going to see “deflation” in the next several years.  [We will likely see housing prices collapse, but not consumer goods.]

Inflation is being driven by production costs, and there is no end in sight to the production cost increases as long as the crew behind Joe Biden keeps strangling the U.S. energy sector…. and then compounding the domestic price issue by creating incentives for energy exports (vis-a-vis EU sanctions).  The production inflation is a purposefully inflicted wound on our economy.  Production inflation is avoidable.

That interview is Wall Street gaslighting to a Main Street audience.  I don’t like it one bit.