Posted originally on Nov 5, 2025 by Martin Armstrong |
Nancy Pelosi, 86, is preparing to exit Washington—don’t let the door hit you on the way out! Pelosi is a prime example of a career politician who uses the guise of public service as a self-serving career for power and fortune.
First elected in 1987, Pelosi has spent her entire career treading in the swamp. She began volunteering for the California Democratic Party in 1962 after graduating college. In 2001, she joined the House Democratic Caucus, by 2003, she became the minority leader, and in 2007, she became the first female Speaker of the House. Pelosi has never lost an election, nor does she have any experience outside of politics.
Nancy Pelosi has accumulated a $240 million fortune through blatant inside trading. Microsoft, Google, Amazon, Nvidia, among others—when the government is making moves, her “husband” just so happens to make lucky trades ahead of the news. Her current salary is $174,000, previously $223,500, and she will earn a $139,000 annual pension upon retirement. Naturally, she will still have those inside sources and continue to grow her wealth.
In the past decade, Pelosi’s inside trading has generated an 816% return. She has outperformed the S&P 500 by 559 percentage points. Her portfolio grew 71% in 2024 alone. This is all par for the course, as countless other public servants have amassed a fortune through high-value inside trading.
Progressive members of the Democratic Party have been pushing Pelosi out. The younger generation is more socialistic and less willing to openly generate wealth through backroom deals. Although she has not officially declared retirement, Pelosi is 86 years old and facing numerous health issues. The Democratic Party is separating in a massive way, becoming a national embarrassment. She has nothing to lose by sliding away from the swamp now, especially is Prop 50 passes in California and provides the Democrats more leverage in the elections by redrawing congressional district maps.
Posted originally on Nov 5, 2025 by Martin Armstrong
US manufacturing turned down in October on the PMI index, dropping from 49.1 in September to 48.7 in October, marking the eighth consecutive month of contraction. Price pressure may have eased (58 from 61.9), but production (48.2 from 51), inventory (45.8 from 47.7), and deliveries (54.2 from 52.6) have all declined.
Employment in the sector continued to decline (46 from 45.3), and 67% of panelist noted that companies are working on managing their current workforce rather than hiring. Again, lower rates are unlikely to address this structural problem or encourage companies to expand during a contracting business environment. Eight consecutive months of decline should be a warning as manufacturing declines often precede recessions, or in this case, ongoing stagflation.
Tariffs may be harming new orders and exports, but US manufacturing has been on the downswing far longer than April 2025. There are deeper structural forces at play from regulatory burdens to high corporate taxes and supply chain stress, but most notably, other countries are not interested in buying. Everyone is grappling with their own debt burdens and the global economy, not merely the US, has been contracting overall.
Manufacturing is not driving the US economy. The current administration has been keen on expanding the sector but orders are down and this has proven to be more than a temporary drop. Capital is fleeing to non-traditional assets as confidence in the established economic framework continues to decline.
Posted originally on Nov 5, 2025 by Martin Armstrong |
George W. Bush Jr. called the politician’s passing “a loss to the nation and a sorrow to his friends.” Bush was just the patsy, and obviously, he is still in the dark that Dick Cheney was the warmongering President, not Bush. Cheney just loved war. During the 2024 presidential election when he declared now-President Donald Trump a threat to the republic and endorsed Democrat Kamala Harris who would be the patsy to allow the Neocons to continue to run the White House. These people have no problem sending other people’s children to die for the personal hatred and ambitions.
AT least King Louis XIV lament on his deathbed: “I have been too fond of war.” Those are words you will NEVER hear come from the lips of a Neocon. His daughter carries on his tradition of hatred.
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