Americans More Concerned with Inflation than Abortion


Armstrong Economics Blog/Politics Re-Posted May 17, 2022 by Martin Armstrong

Sorry, Democrats, but Americans are more outraged that they cannot afford to live than whether others should be able to terminate pregnancies. A poll by Rasmussen Reports found that both Republicans and Democrats are far more concerned with inflation than any other issue. Nearly 94% of Republicans, 84% of Democrats, and 83% of Independents cited rising prices as their top concern.

Abortion outrage is actually low on the list. Among all voters surveyed, 83% are concerned about violent crime that has increased throughout the country amid relaxed laws and defunded police agencies. Sixty-nine percent are worried about illegal immigration and the absence of border security. Across all political beliefs, inflation is the main concern. It is something that all Americans must grapple with on a daily basis. The Democrats have only exacerbated the problems concerning most Americans by avoiding major issues entirely. At this point, even the most die-hard liberal cannot say with a straight face that we are better now than we were under Trump.

The Democratic Party has become tone-deaf. People fear that they cannot maintain their current standard of living, pay for housing, or feed their families. They feel outraged every time they go to the gas pump or grocery store and only see darker days ahead. Leaking the Supreme Court decision on Roe v. Wade was a FAILED attempt to redirect the public’s attention before the midterm elections.

Pennsylvania Senate Republican Race is a Dead Heat as Candidates Make Closing Arguments


Posted originally on the conservative tree house on May 16, 2022 | Sundance

The republican primary race in Pennsylvania is essentially a three-way tie going in to voting day tomorrow.  All three of the top candidates are carrying approximately 25 percent of the vote with around 15 percent still undecided.   It really is anyone’s race.

President Trump has sent robocalls into Pennsylvania to support Mehmet Oz as a last-minute effort to push his endorsement over the line. “I’ve just spent a lot of time with him. I did endorse him, and the reason is he’s tough, he’s smart and he really loves our country and he wants to do a great job for the Commonwealth of Pennsylvania.”

Fox News Sean Hannity also hosted Mehmet Oz on his evening broadcast to deliver his closing arguments, while Fox News Laura Ingraham provided the same opportunity for David McCormick.  In the counterbalancing effort, Steve Bannon hosted Kathy Barnette for an interview Monday providing her the opportunity to speak to the Bannon audience.

The wild aspect to this race is the still high number of undecided voters as the final hours count down.   McCormick representing the party candidate, with both Oz and Barnette splitting the MAGA base.  Pennsylvania undecideds have a tough decision.

Mehmet Oz is not trusted by the base despite President Trump’s endorsement.  Kathy Barnette is the landing place for many base voters who do not want to support the establishment McCormick and cannot bring themselves to vote for Oz.  However, democrats and left-wing media are already showing their intent to weaponize Barnette’s attendance at the J6 rally in Washington DC, if she should win the primary {Video Here}.

As expected, David McCormick’s current position tying all three of them at the top of the polling, appears to have resulted as a splitter strategy from the fractured MAGA base.

Many people just cannot support Mehmet Oz because of his prior positions on issues of importance.  Oz is by far President Trump’s most controversial endorsement of the year.  As an outcome, those who refuse to vote for Oz lean heavily toward Kathy Barnette.

(Via Politico) – […] “You are seeing people move to McCormick because he is a trustworthy conservative,” said James Schultz, a former Trump White House lawyer who is close to McCormick’s campaign. “We have seen for this entire cycle Mehmet Oz’s struggle with the truth. With Barnette, there have been many questions surrounding her truthfulness as well.”

Messaging from McCormick’s campaign on Monday appeared to concede that he is one of multiple candidates crowded at the front of the pack. The campaign wrote in an election eve press release that McCormick would make the case to Republicans that he is “the only front-runner who grew up in Pennsylvania and shares the same conservative values as PA voters.”

A series of other twists in recent days have added to the sense of volatility ahead of Tuesday’s primary election. Lt. Gov. John Fetterman, the leading Democratic Senate candidate, remains hospitalized after suffering a stroke over the weekend. And Trump, on Saturday weighed in with a last-minute endorsement in the governor’s race, picking Doug Mastriano, the candidate who is publicly backing and campaigning with Barnette.  (read more)

This race will be very interesting to watch on Tuesday as the votes come in.  However, with the race so close, and with all three of the leading candidates willing to request a recount, we might not even know the results tomorrow.


Project Veritas Releases Video of Senior Twitter Engineer Describing Culture and Ideology of The Platform


Posted originally on the conservative tree house on May 16, 2022 | Sundance 

A senior engineer working for the Twitter social media platform is captured on undercover video explaining the culture and ideology of the people who work within the organization.

In the video Twitter Sr. Engineer, Siru Murugesan, a self-described communist, explains why most of his colleagues are freaked out about Twitter being purchased by Elon Musk and operating as a capitalistic company.  Many might have to work more than 4 hours a week to earn their salary. WATCH:

[NEW YORK – May 16, 2022] Project Veritas published explosive undercover footage on Monday night featuring one of Twitter’s senior engineers discussing the dynamics behind internal reactions to the acquisition of the tech company by business magnate, Elon Musk.

In the video, Twitter Sr. Engineer, Siru Murugesan, says many of his colleagues have voiced “this would be my last day if it happens,” referring to Musk’s high publicized intended purchase of Twitter. He also says employees at Twitter are “stress-eating” and “worried for our jobs.”

More significant than those soundbites are the reasons he says employees at Twitter feel this way. (read more)

The Twitter Bot Inquiry Intensifies as Musk is Seemingly Stiff Armed


Posted Originally on the conservative tree house on May 16, 2022 | Sundance

The ramifications for Twitter surrounding fake users or algorithmic bots are considerable.  One issue is overcharging advertisers for ad impressions based on mDAU’s, which are “monetized Daily Active Users.”  The second issue is an outcome of the first and relates to the valuation of Twitter.  If Twitter bots are higher than Twitter estimates, then the mDAU rate is overstated.

Elon Musk is indicating there may need to be a lowering of the purchase price unless Twitter becomes transparent with how they are calculating the number of bot users at less than 5%.  All outside reviews attempting to estimate the number of fake accounts, or bots, puts the estimations considerably higher than the claims by Twitter.  Elon Musk tweeted:

At “The All In Summit 2022,” Elon Musk gave the impression the purchase price of Twitter may be tenuous.  He said that a deal with a lower price tag is not “out of the question,” Bloomberg reported.  “Currently, what I’m being told is that there’s just no way to know the number of bots… It’s like, as unknowable as the human soul,” Musk said at the Miami conference, per a social media video, Bloomberg added.

Twitter CEO Parag Agrwal has responded to the controversy in a very obtuse twitter thread:

Let’s talk about spam. And let’s do so with the benefit of data, facts, and context…

First, let me state the obvious: spam harms the experience for real people on Twitter, and therefore can harm our business. As such, we are strongly incentivized to detect and remove as much spam as we possibly can, every single day. Anyone who suggests otherwise is just wrong.

Next, spam isn’t just ‘binary’ (human / not human). The most advanced spam campaigns use combinations of coordinated humans + automation. They also compromise real accounts, and then use them to advance their campaign. So – they are sophisticated and hard to catch.

Some final context: fighting spam is incredibly *dynamic*. The adversaries, their goals, and tactics evolve constantly – often in response to our work! You can’t build a set of rules to detect spam today, and hope they will still work tomorrow. They will not.

We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. We also lock millions of accounts each week that we suspect may be spam – if they can’t pass human verification challenges (captchas, phone verification, etc).

The hard challenge is that many accounts which look fake superficially – are actually real people. And some of the spam accounts which are actually the most dangerous – and cause the most harm to our users – can look totally legitimate on the surface.

Our team updates our systems and rules constantly to remove as much spam as possible, without inadvertently suspending real people or adding unnecessary friction for real people when they use Twitter: none of us want to solve a captcha every time we use Twitter.

Now, we know we aren’t perfect at catching spam. And so this is why, after all the spam removal I talked about above, we know some still slips through. We measure this internally. And every quarter, we have estimated that <5% of reported mDAU for the quarter are spam accounts.

Our estimate is based on multiple human reviews (in replicate) of thousands of accounts, that are sampled at random, consistently over time, from *accounts we count as mDAUs*. We do this every quarter, and we have been doing this for many years.

Each human review is based on Twitter rules that define spam and platform manipulation, and uses both public and private data (eg, IP address, phone number, geolocation, client/browser signatures, what the account does when it’s active…) to make a determination on each account.

The use of private data is particularly important to avoid misclassifying users who are actually real. FirstnameBunchOfNumbers with no profile pic and odd tweets might seem like a bot or spam to you, but behind the scenes we often see multiple indicators that it’s a real person.

Our actual internal estimates for the last four quarters were all well under 5% – based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter.

Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day.

There are LOTS of details that are very important underneath this high-level description. We shared an overview of the estimation process with Elon a week ago and look forward to continuing the conversation with him, and all of you.  (Link to Twitter Article)

Methinks Parag Agrwal doth protest too much….  Especially if you overlay the ideological incentives that Twitter carries into its operational platform.

If you accept that Twitter is manipulating the public conversation intentionally (they are), then Twitter bots would serve an ideological function.  However, the issue of ‘bots’ operating on the Twitter platform is interesting 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 -the AWS cloud- linked to government resources, the bots would not be a cost 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.

Another rudimentary way to look at it…. Think about the last several months of public opinion polls.   Despite the efforts of a compliant media, repeatedly we see a 75/25 split against Biden and leftist policies.  The 3:4 and/or 4:5 ratio has been a consistent pattern for several months.  That ratio shows up in almost every poll.  However, if you look at Twitter that ratio is not present in the “organic” conversation about the same issues.

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 election fraud.   The voices raised in opposition to researching both issues are exactly the same.

Suspicious Cat remains, well, suspicious….

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.

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.

Sunday Talks, Finland President Sauli Niinistö Indicates a Global Cleaving Behind Decision to Join NATO


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

BASELINE – Boil all international and geopolitical issues down to their common denominator and everything, E.V.E.R.Y.T.H.I.N.G., every issue, every discussion, every policy, every position, everything -all of it- circles around economics. Everything is secondary to the underlying economics of every single issue. Power or weakness, famine or war, peace or conflict, master or servant, culture or crisis, growth or collapse, the entirety of everything -including the foundation of freedom- centers around the economics.  There are trillions at stake.

In this interview Finland’s President Sauli Niinistö made some very interesting remarks when asked about his decision to reverse the long-established geopolitical position of Finland and join the “western alliance,” vis-a-vis NATO.

Listen carefully [01:44] when President Niinistö explains why.  Niinistö explains he did not, and does not, consider Russia a threat; however, “what we see now, Europe, the world, is more divided. There’s not very much room for ‘non-aligned,’ in-between. So that was also what we are thinking.”  WATCH:

In March of this year CTH noted, “this intentional global cleaving, using the opportunity created by the Ukraine crisis, is going to be the major story of this year.  This global splitting can be looked at in multiple ways, but the overarching story is the ramifications of two global trade relationships.”

Two world groupings.  One group, oil-based energy (traditional, grey on map below), and one group GREEN energy (the build back better plan, yellow on map).  It is not accidental these two groups hold similar internal geopolitical views and perspectives, hence, their alignment or lack thereof with the sanctions against Russia.

The important part to watch is if this cleaving continues, there are going to be two sets of nations with two structurally different economies.  An oil based energy group and a group chasing the Build Back Better, Green New Deal, human population control mechanisms under the ruse of climate change.

Behind the G7 and NATO, we know the multinational corporations assembled in the World Economic Forum are ultimately the driver of political policy. The central bankers, finance ministers and politicians all operate under the guidelines of the International Monetary Fund (IMF), World Bank (WB) and World Trade Organization (WTO).

Together the WEF, IMF, WB, WTO, EU central banks and U.S. federal reserve, collectively represent what we call the globalists.  And the globalists are pushing the climate change agenda hard {WEF LINK}.

It is important to remember the ultimate goal of the ‘climate change’ promotors (World Economic Forum) is not an energy system that changes the global climate. The goal of the ‘climate change’ group is to create a carbon trading system; a new financial mechanism (a global tax program) to control human activity on a world-wide basis.  This system also needs a digital identity in order to work {hint-hint}.

As a consequence, when we look at the fracturing of the global energy marketplace, it is worth viewing the divided group through the prism of the globalist carbon trading scheme.

The oil-based energy group is going to have a strong strategic advantage in production costs.  They will continue using oil, coal and gas (economic fuels), which are abundant, cheap and the infrastructure is already in place.

The western alliance group is going to be at a strong disadvantage – at least for a generation or two, as costs associated with the production of goods and new energy systems are going to be much more expensive to operate.  This disadvantage will continue while the transition into Build Back Better sustainable or renewable energy takes place.

It’s not just energy products at stake, it’s also very important outcroppings from energy products like food.

In the macro view, stuff from one group is going to be cheap and plentiful, the exact same stuff from the western alliance group is going to be more expensive and scarce.  There is going to be a geopolitical battle in the middle of this.

A battle based on ideology, economics and powerful interests.

The values of western democracy will change; heck, they are changing just look at what the same western democracies did with COVID.  In the western alliance government will get bigger, more oppressive, more controlling and ultimately the people will have less freedom.   We are feeling the outer bands of this shifting hurricane right now.

A great cleaving is underway, and Finland just signed-up for a team….

.

It’s as if the WEF crew wanted to provoke Russia to act in order to get the party started.

Wait, wha….

The Pentagon Testified Assessing Ukraine and No One Noticed


Posted originally on the conservative tree house on May 14, 2022 | Sundance

As we contemplate the massive $40 billion transfer of U.S. taxpayer funds to Ukraine, a few things need to be emphasized.

First, congress has decided to pay the salaries, benefits and pensions of Ukraine political officials and citizens.  As U.S. citizens try and figure out how to afford housing, gasoline, food and basic goods, congress has decided to subsidize another country.  That’s the first point.

Second, as to the pragmatic question of “to what end?” There was a critical point made last week by Defense Intel Agency (DIA) Director Lt. Gen. Scott Berrier, that not a single media outlet or politician discussed.  During his briefing to the Senate Armed Services Committee, Berrier was asked “can Ukraine win” the conflict against Russia?

Lt. General Berrier replied: “That is a difficult predication to make. I think where the assessment is at, is a prolonged stalemate should no factor change on either side. In other words, the Russians continue to do what they’re doing, and we continue to do what we are doing for the Ukranians.”  WATCH:

The Pentagon assessment is the best that can be achieved is a stalemate.  Billions of billions of dollars being poured into Ukraine, and the most likely outcome is a stalemate.  More people killed, an endless need for continued money to be poured into the ‘war’, and the best possible outcome is a stalemate.

So, riddle me this, why isn’t the U.S. policy position advocating for Zelenskyy and Putin to enter negotiations for a resolution?

What possible U.S. interest can be advanced, knowing the only outcome is a stalemate, where people are killed on either side and money spent on a proxy conflict that ends in loggerheads at some distant point months from now?

Also, why has no U.S. media outlet or pundit played the remarks and assessment from the Defense Intelligence Agency, so that the American people can understand the intent of U.S. policy?

The Cryptocurrency Crisis


Armstrong Economics Blog/Cryptocurrency Re-Posted May 12, 2022 by Martin Armstrong

COMMENT: Mr. Armstrong, I just wanted to express my thanks. You were the only one who called the high in Bitcoin. You saved my marriage, my home, and my future. I tried to tell a friend who went and took an equity loan to invest in Bitcoin. He may lose his home now. I tried to tell him you warned markets crash when everyone has bought. He would not listen. Your principle applies to everything. Thank you so much. Your WEC saved my life.

See you in Orlando.

OA

REPLY: I know, The NY Post has published how people are losing everything and some are contemplating suicide. This is the normal Boom-Bust Cycle that governs. I know a lot of analysts disagreed with me. All I can say if they did not see this coming, then they were too biased and caught up in the trade for themselves.

As I have said, cryptocurrencies are an asset – not money. They are by no means a safe harbor against “fiat currency” and will NEVER be a store of value because NOTHING ever is. Gold rises and falls. Even during the 19th century, there was inflation and deflation. Guess what? When you are on a gold standard, the value of gold rises and falls just as the dollar does right now.

There are people who REFUSE to ever listen and keep preaching that a return to the gold standard somehow mysteriously will solve all the problems. I think they are smoking their marijuana way too much. I do not know how to explain it any simpler. There is a cycle to absolutely EVERYTHING!. There is NO standard that will EVER work because of the business cycle. Here is a chart of the Gold/Silver Ratio. If there was this fictional world where somehow money never appreciates nor declines, you have crossed the line into Marxist Theory and Communism. That was the whole reason behind Marx – to create the perfect world and end recessions and depressions.

Paul Volcker in 1978 express the harsh reality that nobody listened to. He called it the Rediscovery of the Business Cycle because it always defeated these people who tried to eliminate the business cycle and create the perfect world.

Arthur Burns, who was the Fed Chairman at the time of the collapse of Bretton Woods. He too acknowledged that the business cycle always wins. I’m sorry, but this is reality. Market crashes because EVERYONE who ever thought of buying has bought. Something happens and they try to sell. The market crashes because there I a lack of fresh buying. To survive your own investment decisions, this is lesson #1 – When everyone is talking about that investment as the next exception to reach new heights, it’s time to exit.