Posted originally on Jun 6, 2025 by Martin Armstrong
US banks were weaponized under the Biden Administration. I reported at length how US banks were required to provide the government with information on anyone suspected of being a domestic terrorist. US intelligence agencies searched through records for terms like “Trump” and “MAGA” to target Americans who they believed may hold “extremist” views. The agencies searched for Americans who purchased religious texts, such as the Bible, and also labeled them extremists. Anyone expressing disdain for the COVID lockdowns, vaccines, open borders, or the deep state was placed on a watchlist. Banks are attempting to change their tone now that there is a new administration.
Law-abiding Americans were punished for exercising their Constitutional right to bear arms. In March 2018, Citibank decided it had the authority to determine what businesses could access their banking services based on their Second Amendment stance. Citibank’s business clients were dropped as clients if they failed to adhere to the bank’s regulations on firearms. Donald Trump accused Citibank, JPMorgan, and others of deliberately discriminating against customers based on political affiliation.
Citibank issued a notice that it would be reversing policy:
“We will update our employee Code of Conduct and our customer-facing Global Financial Access Policy to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion. This will codify what we’ve long practiced, and we will continue to conduct trainings to ensure compliance.
We also will no longer have a specific policy as it relates to firearms. Our U.S. Commercial Firearms Policy was implemented in 2018 and pertained to sale of firearms by our retail clients and partners. The policy was intended to promote the adoption of best sales practices as prudent risk management and didn’t address the manufacturing of firearms. Many retailers have been following these best practices, and we hope communities and lawmakers will continue to seek out ways to prevent the tragic consequences of gun violence.”
The banks were caught red-handed discriminating against clients. The documents are clear as day that these institutions were told to search financial records for anyone who could be a potential Trump supporter.
JPMorgan reversed its Code of Conduct back in March 2025 to state that it would protect customers, suppliers, contractors, and employees from discrimination in financial services based on political or religious views. Reporting on whether a person had purchased a religious book is more than intrusive. It is outright discrimination against people who likely hold conservative views.
The government effectively transformed banking institutions into spy agencies, and no one was held accountable. This predatory behavior was certainly not limited to the US, as similar practices were observed in Australia, the UK, Europe, Canada, and other regions. Governments are ready and prepared to silence dissenters by removing them from the financial system. The banks claim they have “opaque” rules that they must adhere to, which cannot always be explained to the public, but this is because the government controls our financial system. The rules can change at any time.
Posted originally on Jun 6, 2025 by Martin Armstrong
Joe Biden’s former White House Press Secretary Karine Jean-Pierre spent nearly three years demanding that the American people turn a blind eye to the ongoing failures of Biden’s health and policies. Jean-Pierre is now seeking personal fame in her forthcoming book, “Independent: A Look Inside a Broken White House, Outside the Party Lines.” As a publicity stunt, Jean-Pierre announced that she had left the Democratic Party to become an independent.
“Until January 20, I was responsible for speaking on behalf of the President of the United States,” she said in a statement, according to The Associated Press. “At noon on that day, I became a private citizen who, like all Americans and many of our allies around the world, had to contend with what was to come next for our country. I determined that the danger we face as a country requires freeing ourselves of boxes. We need to be willing to exercise the ability to think creatively and plan strategically.”
Her role and only responsibility was to deliberately mislead the American public and spew out propaganda to dissuade the pubic from knowing the truth. Her “determination of the danger we face” is meaningless and beyond hypocritical. Perhaps she realizes that no one will now hire her. Biden himself noted that she was granted the position because he wanted to appoint a gay woman of color. She deserves to be subpoenaed to appear before a Congressional committee investigating one of the most extensive cover-up scandals in recent history.
“She made a joke about being an independent last year and now it’s a book. All ideas are monetary — even the dumb ones,” said one of the former staffers, as reported by Politico. Biden introduced her to the public as a DEI hire. Jean-Pierre was the LEAST transparent press secretary in the history of the United States. The few questions she did acknowledge were answered with blatant lies.
“The President has delivered historic economic growth, created millions of jobs, and made investments in infrastructure that are benefiting Americans in every state,” she touted. Meanwhile, the Bureau of Labor Statistics altered its data after Biden left office and admitted that the economy contracted. He sent jobs offshore. He passed the largest spending bill in American history under the premise of reducing inflation, which completely exacerbated the problem. “This administration is focused on lowering costs for families, strengthening our supply chains, and making sure America leads in the industries of the future,” she insisted. Biden later admitted the Inflation Reduction Act was a ruse to promote the climate change agenda.
She repeatedly mocked reporters for questioning Biden’s mental health, insisting he was “as sharp as ever.” “The reality is, that report, that part of the report does not live in reality. It just doesn’t. It is gratuitous. It is unacceptable, and it does not live in reality,” she commented after Robert Hur determined Biden was a “sympathetic, well-meaning, elderly man with a poor memory” who was unfit to stand trial. “We have released thorough reports from his medical team every year since he’s been in office. … As it relates to, you know, something like a cognitive test … the medical team said it is not warranted in this case. … We have put forward a thorough, transparent annual report on his health. So they have said that is not warranted. It is not necessary,” she insisted. When Trump demolished Biden during the debate that led to Kamala’s rise, Jean-Pierre insisted Biden merely had “a cold and a bad night.”
Independents frequently agree with policies from the GOP. That is not the stance of Jean-Pierre, who is merely switching her party affiliation to deter the ongoing backlash against the Biden Administration as new whistleblowers come forward every week. She identifies as an Independent, but she is from the same party that would permit someone to identify as a dog or a fish. This woman never belonged in politics and is a prime example of why DEI hires are never based on skill. Her departure is a reminder that no one wants to be affiliated with the deceased Democratic Party.
Posted originally on Jun 6, 2025 by Martin Armstrong
The Daily Beast, another LEFT-WING propaganda outlet, pretends that this strike means Ukraine is winning. I think every one of these journalists should be drafted, handed a gun, and sent to Ukraine to defend what they boast about. Sorry, Putin is the smartest leader in the room. He has drawn so many red lines, and the EU has crossed each one, trying to compel him to attack NATO. Despite the NEOCON propaganda that Western media keeps spouting, this attack does not mean Ukraine is winning on the battlefield, which takes soldiers.
Anyone with real sources knows that this is a proxy war, and the EU does not care if a single Eastern European is left alive as long as they take a Russian with them. Europe is collapsing economically, and without war, the EU will crumble and divide. The two economies that are actually shrinking are Japan and Germany. A source who was there in Brussels stated plainly that it is now Germany and Merz who are the most aggressive, pushing for war. The entire financial system built on perpetual debt that is NEVER paid off is coming to an end. They need war as a distraction, or the people will be storming the Parliaments.
Former UK Prime Minister Boris Johnson said that Ukrainians are doing everything possible to strike Russian military targets, while Russian invaders continue attacking civilians. Johnson is probably one of the most loathsome politicians out there. I do not know how he sleeps at night. He is responsible for the deaths of more than 500,000 Ukrainians since he hopped on a plane to instruct Zelensky that he was not allowed to sign a peace deal.
“Ukrainians are unbreakable and technologically brilliant. They’re doing everything they can to hit military targets, while Putin indiscriminately slaughters civilians. Time for the UK and EU to back Lindsey Graham’s secondary sanctions bill. Time to tighten the noose around Putin and end this war.”
The UK government’s debt-to-GDP ratio stands at 97.6% and has been steadily rising. The UK claims that it has never formally defaulted on its sovereign gilt debt by refusing to make a scheduled interest or principal payment. However, the 1720 South Sea Bubble restructuring and the 1932 War Loan conversion involved significant unilateral changes to debt terms that harmed creditors, leading some historians and economists to argue they indeed represent forms of selective or de facto default/restructuring.
There are clearly economic reasons behind this thirst for war coming out of Europe, egged on by the Neocons on both sides of the Atlantic. The computer warns that the EU will fail and collapse. There is another problem nobody is talking about, and that is that all the migrants they let into Europe brought with them ethnic feuds. The EU politicians thought they would allow these people in and then send them to war. This is not going to work out as they hoped. There is a higher probability that we will see rising civil unrest in Europe.
The EU is correct that if Ukraine falls, there goes Europe. However, that does NOT mean Russia invades Europe. There is NOTHING there worth taking. Instead, the collapse of Ukraine is more about the collapse of the Western political hegemony. This will lead to the crumbling of the EU internally with division – not some invasion by Putin.
Ukraine is the great EU gamble. The hopes of conquering Russia to get the $75 trillion in natural resources to resurrect Europe as the pinnacle of economic power. The collapse of Ukraine really means the collapse of European debt, and the division will erupt just as you see in the American Democratic Party and its internal Civil War.
We will create a private blog to discuss the timing of the end of the Euro.
Posted originally on Jun 6, 2025 by Martin Armstrong
COMMENT: OK. I do not know how Socrates does it, but you said at the WEC that Trump’s term would be divided in half. You saw it working first and then encountered real trouble in the second half. You even hinted that he might not finish the term. Do you have any updates on that comment?
PAK
ANSWER: This blow-up between Donald Trump and Elon Musk is truly a disaster since Musk was Trump’s right-hand man. Musk has spent the past week attacking the GOP’s tax-cut bill just as Trump was pushing for its passage. This is becoming very confusing behind the curtain for many. The GOP was counting on both men. This appears to be what the computer has been warning about, suggesting that it did not see clear sailing for Trump during his 4-year term.
In all fairness, I am not sure what Musk expected. To put out this comment seems to be boring your bridges entirely, and this accomplishes nothing. Musk responded to Trump’s decision to cut subsidies for EVs but not for fossil fuels. He posted, “Whatever,” followed by, “Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill.” This does create the image of a potential conflict of interest.
This feud has escalated to insults ranging from pending legislation, why Musk left the White House, and how Trump may owe the fact he’s there at all to Musk’s millions. Trump immediately threatened Musk’s contracts, and Musk threatened to kneecap a key tool of the US space program. Musk then even suggested Trump should be impeached for a third time. You do not air your dirty laundry in public. I am surprised by Musk’s actions. This has implications for the financial markets.
Musk has lambasted the GOP bill and said that it will push the national debt close to $40 trillion as a budget-busting “abomination.” Trump, who said he’s “disappointed” by Musk’s sniping, claimed the end of electric-vehicle tax credits (and Tesla’s coming $1.2 billion loss as a result) is what drove his former adjutant away. “Such ingratitude,” Musk retorted. “Without me, Trump would have lost the election, Dems would control the House, and the Republicans would be 51-49 in the Senate.”
This is a blow to the future that the computer has targeted. I have dealt with Washington, and Musk seems to be naive. The only way to make serious reform regarding the deficits and debt is through political reform, and this is not the way to achieve that. He has just made himself toxic in the eyes of the GOP.
The comment that the reason the Epstein files are not released is because Trump is in them is going too far. The reason those files have not been released is that all the BS that people think those who went to the island are pedophiles is absurd. I was warned when dealing with Wall Street decades ago:
BE CAREFUL, THEY USE GOOD-LOOKING GIRLS TO GET INTO YOUR OPERATION.
Epstein’s operation was blackmail. They did not use six-year-olds. That would be a pedophile. Using a 17-year-old, which is legal outside the USA since we arbitrarily have the highest age, was for entrapment. The question they are trying to find out is whether the people on the list were blackmailed, but by whom and for what purpose? Did Bill Gates become involved with Epstein to set someone up, allowing Gates to apply pressure? That is just speculation. His wife divorces him over Epstein, but why? Who was Epstein working for?
The circumstances around Jeffrey Epstein’s controversial 2007 plea deal in Florida remain heavily scrutinized, and the question remains unanswered whether the case was explicitly dropped because prosecutor Alexander Acosta claimed Epstein “worked for intelligence.” That remains hanging out there unexplained.
I have said before that Epstein was creating a sophisticated operation for blackmail. Wall Street used Elliot Spitzer to take down AIG head Hank Greenberg because he refused to allow AIG to issue guarantees for Goldman Sachs’ mortgage-backed securities. They used Elliot Spitzer as the DA of NY to remove Hank Greenberg from AIG, which opened the door for the 2007-2009 Crash. Removing Hank Greenberg made the whole Mortgage-Backed CDO Lending possible and the collapse of the Great Financial Crisis. Spitzer was fed info I believe to remove Greenberg by Goldman Sachs. It was Goldman who then sold the idea to AIG when Greenberg was removed.
Spitzer was just a pawn. He thought he was really cleaning up Wall Street. Then, when Spitzer turned on Wall Street, guess what? The Patriot Act ordering banks to report anything suspicious turned up checks Spitzer wrote to a hooker. So the Terrorist laws were then used to get rid of Spitzer to save Wall Street Investment Bankers.
Do you also remember the former head of the IMF, who also stood in the way of the agenda to remove countries from SWIFT if they did not hand over all people with accounts? Dominique Strauss-Kahn became a target when he was the IMF chief and began to comment critically on the role of the world financial system. I was personally invited to Washington, where Edmond Safra of Republic National Bank paid for the IMF dinner that rented the entire National Gallery. I was invited to demonstrate to me how the NY Investment bankers had the IMF in their pocket.
Strauss-Kahn was conveniently sent a maid to create a sex scandal to shut him up when he saw the corruption in the IMF. They removed him under false accusations and cleared the way for the IMF to become a tool of the bankers and the Neocons. That is how the whole Long-Term Capital Management crisis developed because they bribed the IMF to keep the loans going to Russia so they could buy their bonds by paying outrageous amounts of money.
Anna Chapman was a Russian Spy caught in New York City. She was swapped for American spies in 2010 and made headlines in New York. She was stunningly beautiful as well as stunningly successful. Well, if you are going to betray secrets, this is far better than the rubber hose treatment. Anna showed up in Ukraine to train with the soldiers leading the rebellion. She has become known as Vladimir Putin’s weapon of mass distraction.
Epstein’s targets were not a bunch of friends from the local pub. They were all powerful people. Not the type that, if you were into 17-year-olds vs 23-year-olds, which I doubt most middle-aged men would know the difference just looking at them, raises serious questions of blackmail.
Take Prince Andrew, whose life has been destroyed. Did you know that had he had sex with that girl in London, it would be legal? From the age of 16, a person is considered to be able to give consent to all sexual activity with other people aged 16 or over. The Legal age is 16 in most countries. So why did Epstein create an island in the USA where the legal age is the highest? Something is just not right.
Maxwell is in prison for soliciting girls, but again, there were no customers on the list. Why? Her father was part of the club who conveniently fell off his yacht and drowned just in time. The widely held understanding of the events surrounding Robert Maxwell’s death in 1991 is well known.
The Fraud: By the time of his death on November 5, 1991, Maxwell was deeply implicated in massive financial fraud that involved the Club. He had secretly plundered hundreds of millions of pounds from the pension funds of his own companies (including Mirror Group Newspapers and Maxwell Communications Corporation) to prop up his crumbling empire, cover personal debts, and maintain his lavish lifestyle, as they always say.
He was under intense scrutiny, but had not yet been formally charged or summoned to court for fraud at the moment he died. Investigations by banks, auditors, and regulators were accelerating rapidly, and the severe financial irregularities were becoming impossible to hide. He was facing imminent exposure. Key lenders (like banks) were demanding repayments he couldn’t meet, and the true state of his companies’ finances and the missing pension funds were about to become public knowledge. This would inevitably have led to formal legal action, including potential criminal charges and summons.
On November 5, 1991, Maxwell’s body was found floating in the Atlantic Ocean near his luxury yacht, the Lady Ghislaine, off the Canary Islands. He had last been seen on deck the night before. The official inquest concluded his death was accidental (drowning, likely due to a heart attack or stroke, causing him to fall overboard). This was met with significant skepticism. Given the scale of the fraud about to explode and the powerful enemies he had made (including intelligence agencies he allegedly worked for/with, angry investors, and pensioners), he either committed suicide to avoid disgrace, bankruptcy, and prison. Or, he was murdered by the Club.
Maxwell was at the epicenter of a massive, unfolding fraud scandal involving stolen pension funds. His right-hand man was Bill Browder, who then went into partnership with Edmond Safra and lost perhaps 90%, as the FT reported. The fund collapsed by $4 billion to at best $60 million, and HSBC stopped even providing net asset values. Browder’s name does not appear on Epstein’s list.
Posted originally on Jun 5, 2025 by Martin Armstrong
This is the first installment for our Institutional Clients concerning the two countries at the greatest risk of DEFAULT – Japan and Germany. We have provided the forecast for Japan’s default and explained in detail the internal battle between the Government, the Bank of Japan, and the Private Sector. This report exposes the truth about who holds what and the threat to instability as Japan also tries to cozy up close to NATO as a diversion for its fiscal mismanagement.
Investors have long fretted about the sustainability of Japan’s government debt as other nations, including Germany, are facing unsustainable fiscal mismanagement across the developed world. Japan has garnered the most attention due to its highest debt load relative to economic output and the heaviest debt-service burden. At the same time, the excuse has been that they are mostly self-funded, and as such, appearances are deceptive. Still, all Western nations are on a collision course with a sovereign debt crisis that will bring them all crashing down when the line at the door stops buying the new debt to roll over the old.
Japan’s fiscal mismanagement is not significantly worse than that of others. The pandemic, climate change, sluggish growth, and financial crises, accompanied by a lack of confidence, have led to an increase in government debt for many wealthy countries. At more than 250% of GDP, Japan’s gross debt stands out. Combined with sluggish growth and a shrinking population, many financiers and economists see it as an existential risk. The real question this report addresses is the real story behind the curtain, and when does this come to a head?
Posted originally on Jun 5, 2025 by Martin Armstrong
QUESTION: Why Bitcoin has been strong in recent weeks??
Best
Gerry
ANSWER: Bitcoin is the primary vehicle for money laundering. Even Canadians are using it to withdraw cash from the country. It is the same instrument as gold in all countries. Europeans are also using it to circumvent capital controls. There are rumors that a kill switch exists in Bitcoin, which could wipe out all accounts in the years ahead. I would not consider Bitcoin a store of value when the government created it. I still prefer precious metals as a safe haven for my money. Bitcoin is a trading vehicle.
Nevertheless, this pattern does not yet indicate a final, exhaustive, and isolated high. The new highs may be seen in war, as it is primarily used to extract money from countries. That is how it began, with most of the volume from China.
Posted originally on CTH on June 6, 2025 | Sundance
Senior White House official Taylor Budowich, Deputy Chief of Staff Stephen Miller, Office of Management and Budget Director Russ Vought, and James Braid discuss the details of President Trump’s Big, Beautiful Bill.
The legislation is described by Stephen Miller as the culmination of all President Trump’s campaign promises.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
