Posted originally on Feb 10, 2026 by Martin Armstrong |
Hungary’s Viktor Orban declared that anyone attempting to dismantle his nation’s energy supply is an “enemy.” “Anyone who says this is an enemy of Hungary, so Ukraine is our enemy,” he said. Furthermore, Orban believes it is not in his nation’s best interest to permit Ukraine to join the European Union. “Hungarians should not want military or economic cooperation with Ukrainians, because they are dragging us into war.”
Orban’s comments are not some sudden outburst of nationalist rhetoric. It is the inevitable consequence of Europe’s self-inflicted energy war and the refusal of Brussels to confront economic reality. Hungary, like Slovakia, was built on the assumption of stable, inexpensive Russian oil and gas. Entire industrial systems, pricing structures, transportation networks, and household energy models were engineered around that reality for decades.
When Brussels decided it could simply erase Russian energy from the European economy by decree, it condemned countries like Hungary and Slovakia to economic stress that Western Europe is insulated from. Germany can pretend to moralize while subsidizing collapse; smaller states do not have that luxury.
Ukraine’s push to terminate Russian energy transit through its territory was celebrated politically, but economically, it was devastating for Central Europe. Slovakia lost critical transit revenues overnight, while Hungary was forced into higher-cost alternatives. Ukraine’s actions, combined with EU sanctions, have directly threatened Hungary’s economic stability.
The European Union created this conflict by pretending that energy is merely a moral issue rather than the foundation of modern civilization. You cannot shut down reliable supply chains and replace them with slogans, windmills, and press conferences. Energy shortages translate directly into inflation, declining real wages, collapsing manufacturing, and rising civil unrest. That is precisely what we are witnessing across Europe.
Posted originally on Feb 10, 2026 by Martin Armstrong |
Donald Trump recently stated that the Dow could reach 100,000 by the end of his presidency, and the usual crowd immediately rushed to either cheer or ridicule the statement without understanding why such a number is even possible. The problem with modern analysis is that it assumes markets rise because governments are doing something right. History shows the exact opposite. Markets rise to extreme nominal levels when confidence in government is collapsing worldwide, and the US has become the last safe haven for capital.
The United States remains the last functioning safe haven for global capital because every alternative is worse. Europe is imploding under regulation, war risk, and Marxist ideology. Asia is fragmented by capital controls and demographic collapse. Emerging markets remain structurally unstable. That leaves the United States by default.
Capital is fleeing government debt globally. Sovereign bonds are no longer risk-free assets; they are political instruments backed by insolvent balance sheets. As confidence erodes, capital migrates into private assets like equities, real estate, commodities, and anything that is not a government promise.
A rising Dow in this environment is not a celebration of prosperity. It is a warning signal. We have seen this repeatedly throughout history. Stock markets rise sharply during periods of monetary debasement and political instability because money is being repriced downward. The index rises because the currency falls, not because real wealth is expanding.
The Economic Confidence Model has never shown a clean boom cycle into the late 2020s. What it shows instead is rising volatility, sovereign stress, and geopolitical fracture. That does not stop markets from rising, but it changes why they rise. Capital concentrates, participation slims, and volatility expands. Governments respond with bad policies, such as taxes, controls, and regulations, which only accelerate capital flight.
Dow 100,000 in a collapsing confidence environment does not mean the average person is better off. It means money has nowhere else to go. The United States is the best of a bad bunch of nations ,slowly dropping off due to the sovereign debt crisis. We can look to the Dow as the true indicator of global capital on an institutional basis, whereas Nasdaq is more retail, and the S&P incorporates a bit of both.
Markets do not move in straight lines. Even if capital continues flowing into the U.S., there will be sharp corrections, political shocks, and policy mistakes along the way. So the real issue is not whether the Dow can mathematically reach 100,000. The question is what conditions would produce that outcome. Based on the computer, the culprit will be global confidence collapsing to the point where capital is forced into the last remaining open market.
Posted originally on Feb 10, 2026 by Martin Armstrong |
Chipotle CEO Scott Boatwright publicly admitting that the company is now aiming its marketing and pricing toward households earning over $100,000 a year is a confession that fast food no longer functions the way it used to. What began as the cheap, quick alternative to a sit-down meal has mutated into something unaffordable for the very demographic it was designed to serve.
The interim CEO’s comment that the typical Chipotle customer now falls into the six-figure income bracket and that modest menu price increases are planned is nothing more than a crystallization of the inflationary pressures choking the economy and the erosion of real purchasing power among average Americans.
“What we’ve learned is the guest skews younger, a little higher income, is typically a digital native, and that their grounded purpose aligns with our North Star as a brand, around clean food, clean ingredients, high protein,” Boatwright said, per Business Insider. “We are the way they want to eat, and we’re going to lean into that in the most meaningful way.”
“We learned that 60% of our core users are over $100,000 a year in average household income,” he added. “That gives us confidence that we can lean into that group in a more meaningful way, whether it’s the solo occasion and/or group occasions to really drive meaningful transaction performance in the year.”
Chief Financial Officer Adam Rymer said that menu items will increase by 1% to 2%. Chipotle wishes to position itself as a “healthy” fast-food option for on-the-go professionals rather than a chain restaurant that is reheating frozen food to feed the masses for top profits. The meat they serve is pre-cooked before it arrives at the restaurant, and workers simply boil the pre-cooked bags. I’ll leave it to the MAHA team to determine if it is truly a healthier alternative.
I have written extensively about the fast-food industry abandoning value customers as prices, wages, and input costs soared. Fast food was invented as an affordable convenience for working-class families. But as menu prices have accelerated faster than wage growth for most workers, fast casual chains have begun to shed the low-income customer base in favor of those whose incomes have not been as hard hit by inflation and rising cost structures.
This trend is not accidental. Labor cost increases are triggered by minimum wage hikes at the state and local levels. Even proponents of minimum wage increases acknowledge that higher wages inevitably translate into higher prices, reduced hours, or both. Grocery inflation has been persistent, driven by commodity cycles, energy costs, supply chain disruptions, and climatic factors that reduce agricultural output. I have argued that food inflation would not simply disappear after the pandemic but would continue to exert upward pressure on prices as global conditions tighten.
When the CEO of a major fast-casual chain effectively says “we want wealthier customers,” he is acknowledging that the company can no longer rely on its previous customer base. Chips and burritos are no longer the inexpensive meal they once were; they have become discretionary indulgences for those insulated from inflation’s full impact. Value customers have been priced out.
Posted originally on CTH on February 10, 2026 | Sundance
Representative Ilhan Omar is one of the most sanctimonious corrupt Democrats in congress, and she’s loud and proud about it because she understands how to engage in financial fraud safely. Just do what everyone else is doing but do it bigger, that way there’s no way her peers can approach it.
Someone in DC gave House Oversight Chairman James Comer the familiar tap on the shoulder and told him they don’t investigate their own Uniparty tribe. So, Comer drops his planned review of Omar’s corruption and shifts it to the ethics team.
BREAKING: James Comer says the House Ethics Committee will take over the investigation into Rep. Ilhan Omar after a massive spike in her net worth was flagged in financial disclosures:
“We’ve been informed in the last few hours that the Ethics Committee is probably going to have… pic.twitter.com/YIO1DkOr91
A game of pretending is needed in order to retain the illusion of the Potemkin Village of DC. A construct manufactured by the power structure that exists behind the puppet show, with the full intention to distract us. Pretending is what gives rise to a Florida governor on a 2022 ‘book tour’ run for a 2024 campaign that everyone denied was going to happen. Pretending is also what kicks the can of accountability away until it can be buried.
Pretending is needed in order to convince the audience Republicans will make a difference, or the black eye doesn’t hurt and look he bought me flowers. Perhaps some reminders and clarifications of the real game inside DC politics are needed. After all, while all these chaff and countermeasures are replaying their familiar tunes, CTH is actually trying to accomplish something by destroying some IC silos.
The House Oversight and Government Reform Committee, hereafter called the House Oversight Committee or HOC, has a very specific function in DC circles that too few understand. Once again, let us be clear while trying to explain decades of false information founded upon arcane legislative outlooks.
Understanding the DC game of Chaff and Countermeasures…. A “Countermeasure” is a measure or action taken to counter or offset a preceding one.
Politically speaking, the deployment of countermeasures is a well-used tactic by professional politicians in Washington DC to counter incoming public inquiry and protect themselves from anger expressed by the electorate. The Republican leadership are very skilled in the management of “chaff” (outrage), and “countermeasures” (the distraction).
Within Washington DC, the HOC has a very specific and unique function. What Fox News is to corporate conservative punditry, so too is the HOC to the same DC system of pretending. The House Oversight Committee is the “Chaff and Countermeasures” committee.
The HOC operates for both parties with the same mission.
The House Oversight Committee was/is created by the House legislative leadership to make money for the party in control of the Chair. When the House Speaker is notified of a DC corruption issue, inside his/her office they will often be heard saying, “give it to oversight.” The intent of that instruction is to give the issue to the HOC, so they can hold hearings, create soundbites and fundraise from the issue.
Making money for the party in control of the Chair is the primary function of the House Oversight Committee. The HOC does not exist to create accountability or oversight; the HOC exists to exploit the issue for fundraising and satiate the base voters of the party in control of the Chair.
The HOC presents the illusion of accountability by constructing soundbites and member performances which are then broadcast on television for appearances to the voting audience. It is essentially theater.
The HOC is a “general oversight’ committee, not a committee of “specific jurisdiction.” Thus, the HOC is the vehicle where Democrats and Republicans publicly display their political initiatives, frame their narratives and then broadcast them on MSNBC, CNN (Democrats) or FOX NEWS (Republicans).
Depending on the issues at hand, the HOC committee members are generally those performance actors best known to the audience of both parties. This is not accidental; this is by design. Again, for emphasis, I am only talking about the HOC, a “generalized oversight” committee. Only this specific committee has this specific mission.
A hot button topic enters the committee ecosphere. Specifically trained staffers and performance artists, uniquely qualified to put on theatrical productions (both parties), are then deployed to assist the representatives in creating the soundbites that hopefully will go viral and assist them with fundraising and opportunities to say, “here’s what we are doing.” Outlining this construct is not an exhibition in cynicism; this is the reality of what the HOC is designed and created to do.
When you see the HOC performing at their best, you will see lots of soundbites created.
The Chair of the HOC is always part of the House Speaker’s close inner circle. From that association you will discover by training, by habit, and by consequence, the HOC framework is developed to sustain the process itself as an end result. The questioning is the sum total of all accountabilities. The performance is the interview; the conversation is the point; the smoke is the fire.
Oversight, in the HOC framework of narrative creation, has evolved into reveling in the endless process (a fundraising proposition) and, as a consequence, it completely ignores the end point, misses the bottom line, doesn’t actually SEE the subject matter, and never actually applies accountability toward what might be discovered. This is why you end up with high blood pressure, frustrated with the questions not asked, and throwing bricks at the screen or monitors when viewing.
The point of HOC hearings is to create what are now described as “viral moments” that can be used to generate money.
The second, and lesser objective, is to give the illusion of accountability while not actually ever holding anyone or anything accountable. See prior HOC reference points like Fast and Furious, IRS targeting, Benghazi, the Twitter File review or the Joe/Hunter Biden crime syndicate investigation.
If you watch the HOC through the prism of expecting some form of accountability for the violations of law, you will be frustrated and disappointed. However, if you watch the HOC through the prism of how well the members will do at raising money from their performances, then you can evaluate the effectiveness – the proverbial winning and losing.
The HOC is designed by House leadership to perform the same basic function for both Democrats and Republicans. The HOC committee assignments are selected based on the theatrical skills of each representative. This is not to say the motives of the members are sullied or impure, it is simply to point out the motive of the committee itself is to generate fundraising from the skillsets of the members on the committee.
Once you fully grasp what the intent of the House Oversight Committee is about, and once you drop the expectation that any accountability in oversight is the intent, then you can watch the performances through the entertainment prism of partisan politics and genuinely enjoy them – or hate them.
The HOC is called the “Chaff and Countermeasures” Committee, because that’s essentially what the committee does. It gives the appearance of targeting, steering the target to a controlled destination, and then distracting the audience from the outcome of accountability.
If sunlight is achieved, meaning the Mainstream Media cannot ignore the issue as presented and questioned, and if the general public become more familiar with the controversial subject matter or topic at hand, and if the party of the Chair can fundraise from the issue, then the committee has succeeded. However, if you are looking for something to change as an outcome of any HOC investigation or hearing, you will be perpetually disappointed.
There seems to be a willful blindness on the part of the American people, a chosen refusal to acknowledge the implications of the unAmerican and unConstititional behaviors, actions and outcomes we are being served on a daily basis. It can no longer be presumed to be a matter of “I can’t see what’s happening”, because a whole lot of normal Americans really are clean and articulate.
“I can’t see it” just doesn’t cut it.
NONSENSE! Most people can see it. Most are just choosing to reconcile the irreconcilable because it is more comforting to ignore the truth of it. Just be honest, for many people avoidance has become a survival mechanism.
It’s more along the lines of “I see what’s happening, but it’s scary and complicated and confusing, and if I admit that I see it, I will become responsible in a way that I am not if I keep pretending I can’t see it or hear it or maybe I don’t understand it.”
Cue the audio visual. Do you remember the Awan Brothers scandal?
The political system in Washington DC has become so massive it is now capable of protecting itself. Any attempt to reduce the influence, scope or size of the system is considered a risk. The system is, in essence, protecting itself. Deep State is self-aware. NOTE 07:43 (just hit play)
Whether it’s John Boehner, Paul Ryan, Kevin McCarthy or Mike Johnson, leadership’s Lucy has unlimited footballs.
Whether it’s the Awan Brothers, the Huma Abedin laptop, the Clinton’s private servers, the Hunter Biden laptop, the Mark Warner/James Wolfe leak of classified information, the activity of CIA analyst Eric Ciaramella in the impeachment, the many aspects to Mary McCord, or the leaking of the Dobbs decision by Sheldon Snook, all of these things are very public, very visible and very well known. Yet did you see a single satellite truck in front of their house or a microphone in their face asking questions?
Nope. DC runs this game of pretending and all the media play the game.
The fourth estate (media) has long ago collapsed.
Now, the choices are ours.
Personally, I will not pretend, and I know most of you also refuse.
If we keep assembling enough people to stop pretending, then what happens?
Posted originally on CTH on February 9, 2026 | Sundance
Writing on a Truth Social post earlier this evening, President Trump is threatening to block the U.S. side of a new bridge that links Detroit, Michigan to Ontario, Canada:
(Truth Social) – “As everyone knows, the Country of Canada has treated the United States very unfairly for decades. Now, things are turning around for the U.S.A., and FAST! But imagine, Canada is building a massive bridge between Ontario and Michigan. They own both the Canada and the United States side and, of course, built it with virtually no U.S. content. President Barack Hussein Obama stupidly gave them a waiver so they could get around the BUY AMERICAN Act, and not use any American products, including our Steel.
Now, the Canadian Government expects me, as President of the United States, to PERMIT them to just “take advantage of America!” What does the United States of America get — Absolutely NOTHING! Ontario won’t even put U.S. spirits, beverages, and other alcoholic products, on their shelves, they are absolutely prohibited from doing so and now, on top of everything else, Prime Minister Carney wants to make a deal with China — which will eat Canada alive. We’ll just get the leftovers! I don’t think so.
The first thing China will do is terminate ALL Ice Hockey being played in Canada and permanently eliminate The Stanley Cup. The Tariffs Canada charges us for our Dairy products have, for many years, been unacceptable, putting our Farmers at great financial risk. I will not allow this bridge to open until the United States is fully compensated for everything we have given them, and also, importantly, Canada treats the United States with the Fairness and Respect that we deserve. We will start negotiations, IMMEDIATELY. With all that we have given them, we should own, perhaps, at least one half of this asset. The revenues generated because of the U.S. Market will be astronomical. Thank you for your attention to this matter!” ~PRESIDENT DONALD J. TRUMP
The USMCA renegotiation plan likely plays a big part in this announcement. Don’t react, just watch.
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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
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