Category World Economic Form

Sep 22 2018

Nigel Farage Defends Hungary


Armstrong Economics Blog/European Union

Posted Sep 22, 2018 by Martin Armstrong
Sep 20 2018

Theresa May Taking Britain Down with the EU Ship?


Armstrong Economics Blog/BRITAIN

Re-Posted Sep 20, 2018 by Martin Armstrong

The talk in the city of London is that there is now a rising chance that Theresa May will be gone perhaps by November or by Christmas at the latest. About 50 conservative MPs have been thoroughly fed up with the PM. The split she has caused in the Conservative Party has certainly put the British at risk of swinging left. Now even the Shadow Foreign Secretary, Emily Thornberry, has come out and claimed that there will be a Labour government in power “within six months”. She told the Financial Times: “They [Conservatives] are not capable of governing . . . We’re either going to have a general election in the autumn or we’re going to have it in the spring…”

Meanwhile, Juncker has effectively trashed May’s BREXIT proposals and Thornberry said: “I can’t believe [the EU] won’t give us the additional time to be able to negotiate because they know we have a completely different approach.”

This is the problem with Theresa May, she had voted to remain yet is in charge of negotiating BREXIT. Look for political fun and games in Europe to continue all the way into 2020. We have EU officials concerned about their jobs if the Euro fails and Theresa May who in her heart thinks Britain should go down with the EU ship. What a mess politicians has become on a grand scale globally

Sep 16 2018

Political Uncertainty is the New Contagion?


Armstrong Economics Blog/Politics

Re-Posted Sep 16, 2018 by Martin Armstrong

QUESTION: Mr. Armstrong; I understand how the chaos with Trump is the wildcard for the stock market going forward which is something we need to follow here even from Europe. But we have chaos in Germany with Merkel who looks like a dictator who will only leave office if you drag her out by the hair. Then there is Theresa May and the chaos she has created with BREXIT. Italy is another wildcard and then we have Juncker and Draghi who will be leaving office next year. Which rock should we hide under?

GV

ANSWER:  Among the rocks, occasionally there is a flower that manages to find the light. That is our task here. The worst thing about Trump crisis is the media. They are spinning such hatred it is unbelievable. That gives me fear because the computer has been projecting the upturn in civil unrest. Many people cannot stand Trump because of what he says or Tweets. They are unable to separate the person from the role of the president. That is a very dangerous situation for therein lies this hatred that is brewing over what they think is Trump, but in reality, it is the conflict between left and right that we are headed into. This is why the Financial Capital of the World will migrate to China after 2032. We are incapable of getting along with each other. One side wants to be left alone and the other blames all their own failure on people who have more.

This is the collapse of Socialism. Russia and China experience the collapse of Marxism in 1989. Add Pi (31 years) to that and we end up with 2020. It is also a Presidential election year. As I have stated, Trump is NOT the change in the long-term trend – he is the calm before the storm or the FALSE MOVE. In other words, he is the counter trend that attempts to bring the economy back in the opposite direction (i.e. tax reduction, trade to create domestic jobs, draining the swamp). But this is not a trend that will last. It is the FALSE MOVE before the Phase Transition.

We are witnessing the same trend throughout Europe. This is by no means limited to Trump and the USA. The economic system is crumbling and we are all yelling at each other over Trump, Merkel, May, etc, we are distracted from observing the big picture. Take down Trump, Merkel, or May, and you will create uncertainty and that is the secret ingredient for volatility.

The flower that will appear between the rocks is what emerges after the Crash & Burn. Hopefully, it will be freedom and not authoritarianism.

Sep 12 2018

Oh My – Canadian Foreign Minister Left NAFTA Negotiations To Attend “President Trump is a Tyrant” Conference…


Re-Posted from The Conservative Tree House on September 11, 2018 by

Jumpin’ ju-ju bones.  Hat Tip to Ezra Levant on Twitter – This is going to go down in the history books of bad diplomacy.  You have to watch the first 2 minutes of this video.  Canadian Foreign Minister took leave during the middle of critically important trade negotiations with U.S. Trade Representative Robert Lighthizer to attend a Women in the World conference in Toronto.

Check out the conference introduction video (first 01:30) “Taking on the Tyrant”, and the visual of Canadian trade negotiator on stage to deliver her remarks (next 30 seconds).  Consider that Ms. Freeland made this decision during the most critical trade negotiations in her country’s modern history.  The outcome of the U.S-Canada trade negotiation will determine the next several decades within the Canadian economy.  Now Watch:

.

Think about the level of ideological tone-deafness here. This is simply off-the-charts echo-chamber crazy. Canada needs a positive trade outcome; their economy is already on the ropes; and Freeland considers this a good idea?  Unreal.

Ezra Levant 🍁

✔ @ezralevant

Holy sh*t.@cafreeland left NAFTA negotiations to speak on a panel called “Taking on the Tyrant”.
Who do you think “the tyrant” was?

Look at the video intro to that panel. And then look at Freeland’s jubilation.

I guess it’s auto tariffs after all.https://www.youtube.com/watch?v=IDKDSqPuODk …

Sep 12 2018

Now we have IREXIT forming in Ireland


Armstrong Economics Blog/European Union

Re-Posted Sep 12, 2018 by Martin Armstrong

There is a new Irish political party emerging in the Republic of Ireland to promote leave the EU, which was inspired by the successful Brexit movement. Theresa May has really messed up the entire BREXIT movement and at the same time, this has exposed Europe for what it really is – a power and money grab that has been resentful of the British probably from inception since without Britain, Europe would be speaking French when they stopped Napoleon and the German when they stopped Germany. Without Britain, Europe might not exist as it does today. Then add the Irish who saved civilization for the barbarians burned everything in Europe creating really the Dark Ages and it was the Irish monasteries who saved the old knowledge along with the Arabs.

So now we have IREXIT Freedom party, which has launched in Dublin who want wants Ireland to “take back control” from Brussels. The party plans to run candidates in next year’s European Parliament elections and the 2021 Irish general election. Meanwhile, the European Union is in “mortal danger” warns the budget Commissioner Günther Oettinger and has stated that member states are not complying with EU budget directives. He warned Ital will suffer huge penalties if it does not comply. In reality, we are looking at the occupation of Europe by the EU which conquered the continent with an idea rather than troops and guns as was the approach of Napoleon and Hitler.

Sep 12 2018

Canada’s Conservative Split Forming a New Party


Armstrong Economics Blog/Canada

Re-Posted Sep 12, 2018 by Martin Armstrong

Maxime Bernier PC MP is a Canadian businessman, lawyer, and politician, who is currently serving as Member of Parliament for the Quebec riding of Beauce, having been elected four times with a majority of the vote. He has pointed out that it is always the ordinary taxpayers who ultimately have to pay for all these benefits promised by the government. He has argued that the Conservative Party is not doing enough and that it’s just not worth it. He has characterized that people are voting for Trudeau with “rational ignorance” that will lead the nation into disaster. The Globe and Mail reported that 17% of Canadians said they were open to voting for a new conservative party led by Maxime Bernier. Politics is fragmenting everywhere and some see Bernier as Canada’s semi-version of Trump, although he has been a longstanding politician

Sep 10 2018

Pattern Repeats – Political Imprisonment followed by Leadership


Armstrong Economics Blog/Greece

Re-Posted Sep 10, 2018 by Martin Armstrong

I really do not think people realize that they are just extras in a political film which is an endless struggle for freedom. There is a book written by Oriana Fallaci which began as an interview of Allesandro Panagoulis. Oriana was a journalist who was interviewing fourteen contemporary political leaders, which included Henry Kissinger, Meir, Arafat, Indira Gandhi, and the Shah of Iran. She sought to understand their personal attitudes and propensities that brought them to such status. She called this an Interview with History.

In the course of her investigations, she wrote A Man about Allesandro Panagoulis who stood up against the dictatorship and oppression of the Greek people. He was imprisoned and tortured for years. Most were stunned that he even survived this treatment. Like Nelson Mandella, the same pattern of imprisonment was followed by the fall of the government and a rebirth back to democracy. Panagoulis took an active role in the fight against the Regime of the Colonels (1967–1974) in Greece. He became famous for his attempt to assassinate dictator Georgios Papadopoulos on August 13th, 1968, and the subsequent endless torture. However, following the collapse of the dictatorship government, democracy was reborn. This is when Panagoulis was elected to the Greek parliament as a member of the Center Union.

Panagoulis discovered that the very people who had tortured him were then pretending to be democrats. Allesandro systematically began to investigate the corruption in the police and the political government. Just two days before all the files of the junta’s military police (the “E.A.T.-E.S.A. file”) he announced would be released, he was assassinated.  One of the methods to assassinate a leader so he is not made into a hero is to create what appears to always be an accident. On the 1st of May 1976, a car accident was staged on Vouliagmenis Avenue in Athens. A car drove extremely fast and directed its path to impact Panagoulis. Without a choice and counting on a human reflex, Panagoulis’ car and forced to divert and crash in which he was said to have been killed almost instantaneously. The files never materialized to support the collaboration of corruption of the police in league with Greek officers who worked with Nazi Germany in World War II. These men who killed Greeks served in the Security Battalions who fought for the Germans in 1943-1944. These very people were those who were the leaders of the Colonels’ Regime of 1967-1974 and were torturing Panagoulis. There are no such coincidences in these types of affairs.

Sep 10 2018

Swedish Elections Shift to the Right


Armstrong Economics Blog/Scandinavia

Re-Posted Sep 9, 2018 by Martin Armstrong

The Swedish election has shifted to the right thanks to the Refugee Crisis. The Social Democrats came in with the worst result in decades and the right-wing populists have risen to their best results since their inception. Although the Social Democrats escaped a complete disaster in the parliamentary elections, they have lost a lot to the right-wing populists. The party of Prime Minister Stefan Löfven appears to remain in place. Meanwhile, the currency still appears lower as we move forward in time.

Categories: Scandinavia
Aug 20 2018

Brunson – the Alleged Pastor


Armstrong Economics Blog/Turkey

Re-Posted Aug 20, 2018 by Martin Armstrong

 

 

The Turkish court has rejected the appeal to release Andrew Brunson, who is the alleged US pastor at the center of a dispute between Ankara and Washington. While he has been there for 23 years, his new Church of the Resurrection has existed for less than a year and it had only 25 members. From the photo, it appears that the prayer room consists of about 40 seats. There is no professional pulpit, but drums and a lectern with speakers. Nobody even knows about the financing of the church.

Following the Turkey coup of July 15th, 2016, Brunson was arrested by the Turkish security authorities in October 2016. He was charged with espionage and the attempt to overthrow the Turkish government. According to the newspaper Sözcü , Brunson wrote in an e-mail to a friend five days after the coup: “The Turkish people have not taken sides as usual for the Turkish military. Everything is going badly, but in the end, we will be the winners. “ This one of the statements of Brunson that forms the charges in his indictment.

According to the indictment, Brunson also met with the head of the Gülen movement for the Aegean, Bekir Baz, on several occasions before the coup. Brunson apparently told the prosecutor that he did not know a person named Bekir Baz and had never met a member of the Gülen movement knowingly. He has also been charged with being involved with members of the PKK. Brunson also denies trying to help Syrian refugees.

The indictment against Brunson also alleged that Brunson was kicked out of the Church of the New Birth between 2008 and 2009 because it did not support terror. He then went abroad for about one and a half months. Brunson then returned to Turkey, and he opened a new church in Alsancak in Bornova Street. 

Trump demands Brunson back and Erdogan refuses. The question remains if Trump even does know the real story of Brunson and in fact does anyone? It some seem obsessive that Erdogan just does not deport him, send him back to the states, and deny him any right to return. That would end the upfront issue and then the real build-up of tension might pass and relieve Turkey as a nation.

Aug 13 2018

Romanians Out Again over Government Corruption


Armstrong Economics Blog/Corruption

Re-Posted Aug 13, 2018 by Martin Armstrong

Once again, tens of thousands of Romanians have taken to the streets demanding the end of corruption in government. At least 450 people were injured in clashes with the police who are still defending the government against the people. We are looking at a worldwide epidemic of corruption in government that has known no bounds. This is part of the very reason why Trump was able to beat every career politician. But like Erdogan, those in power refuse to ever admit that they are the reason for the political changes.

Unfortunately, in the United States, we not only have the police defending the government, we also have the press like CNN, Washington Post, and the New York Times. All they do is try to overthrown Trump instead of looking at the system and WHY he was elected to begin with. They are all supporting the inherent corruption because they like things as they are. What we are witnessing in Romania is also unfolding in Germany, Italy, France, Spain, Malaysia, and even in Britain. This is a worldwide political change in trend and we really have to begin to look at the trend and not just the face of Trump