Posted originally on Apr 17, 2024 By Martin Armstrong
I explained how the private sector does not wish to switch to EVs amid high production costs and low demand. A recent Gallup Poll found that Americans do not want to own an EV, and the plans to eliminate fossil fuels do not align with the wishes of the people.
Around 7% of respondents, up 4% from last year, do own an EV. In 2023, 43% of respondents said they’d consider switching to electric, but that figure has declined to 35%. Fewer than half of adults, 44%, said they’d “seriously consider” or “might consider” buying electric in the future, down from 55% in 2023, while the number of people stating they have zero intention of switching rose to 48% from 41% on an annual basis.
We know that is cost more to purchase an EV, hence upper-income respondents are more likely to own or consider owning an EV and that figure declines when we look at middle America, and further declines when we look at the working class. In fact, 61% of lower-income Americans said they would never switch to electric, an 18 percentage point rise from 2023.
Liberals are also more likely to own or consider owning an EV. Only 27% of Democrats said they would not consider switching compared to 69% of Republicans and 47% of Independents. The study found that lower-income and young Americans are most concerned about climate change, but only 8% of people overall who worry “a great deal” about fossil fuel cars impact on the environment actually own one.
Still, the government is pushing full speed ahead to ensure 60% of new vehicle production is electric by 2030 – six years from now. I explained how manufacturing is not expanding under these climate change initiatives. The private sector does not want to produce these vehicles and the people do not want to buy them. Yet, the Biden Administration will stick to these arbitrary targets if re-elected this November.
Posted ortiginslly on Apr 16, 2024 By Martin Armstrong
Binaifer Nowrojee has been appointed as the president of George Soros’ Open Society Foundations (OSF) as Mark Malloch-Brown plans to officially step down in June. The Open Society Foundation is openly interfering in elections throughout the world and funding the globalist agenda. George appointed his son, Alex Soros, chairman of his foundation in December 2022. So, who is Binaifer Nowrojee?
It has been a great privilege to work at @OpenSociety. After largely completing the organisation’s transformation, it’s the right time for a new generation of leadership to take the reins. I deeply respect the commitment of all at OSF and look forward to continued collaboration. https://t.co/L6w270b4PX
Born in London, raised in Kenya, with an Indian heritage, Nowrojee is the daughter and granddaughter of well-known lawyers in Kenya. Pheroze Nowrojee, her father, helped to overturn the Raila presidential election of 2017. “It had taken us 25 years to achieve this overturning of the constant practice of rigging by those in power,” he said after the Supreme Court nullified the results for that election, claiming that they failed to comply with Kenya’s constitution. “We had set the correct goal of all future politics and public endeavour in Kenya. We have hard work ahead to ensure the application of this principle as widely as necessary in public service.”
Some have accused her father of meddling in African politics. When asked whether the Kenyan Constitution needed amendments, he replied:
“Constitutional amendments are not what individuals want or do not want, but what the national circumstances show over time and at different times to be a better option. The unity of our many peoples, the integrity of the nation, the experience of our drafting errors of the past, or of machinery that is not working as was intended in 2010. These dictate not only when but what amendments may be preferable or not.”
Binaifer was born to lead the OSF with a lineage of overturning elections.
She has been working with the Open Society Foundations for years in senior leadership roles across Asia and East Africa for over two decades. A Harvard Law School graduate, Nowrojee also holds a JD from Columbia Law School – an academic. She spent a decade on staff at the Human Rights Watch, an OSF grantee organization, and held a position at the Lawyers Committee for Human Rights. She has been praised for being the first woman of color to hold this role at the OSF.
One of her first measures as incoming president was to reduce the staff size of the OSF by an astounding 40%. It will be easier to ensure everyone is completely in line with the agenda. “As we navigate the remaining elements of change, I promise, first and foremost, to remain committed to Open Society values and to George Soros’s vision of critical thinking, local knowledge, and risk-taking,” she told the AP. The OSF does not have a clear budget
I’ve seen firsthand @NowrojeeOSF's compassionate leadership in the face of difficult circumstances. She is an incredible human rights advocate who believes in the transformative power of OSF's work. She embodies the spirit of OSF, and I’m confident that she will ably lead our… https://t.co/R7fGXTXczY
Alex Soros has already directed the foundation to begin honing in on America opposed to Europe, as they have their fingers in the European Union, but America has yet to be tamed. Civil unrest is growing as Biden has lost all but 8% of supporters and cannot even hold a fundraiser on his own without roping in two former presidents. Will Binaifer follow in her father’s footsteps and look to overturn an election?
Posted originally on Apr 16, 2024 By Martin Armstrong
Aristotle believed that after Pericles died in 429 BCE, the demos continually appointed charismatic demagogues who damaged Athenian democracy. The three main Greek philosophers were against Democracy because the people were too stupid and uneducated. This is where we had even John Kerry claiming Trump’s election was because of “populism,” and this must be prevented.
Once again, the United Nations discourages individualism with this same philosophy that we are too ignorant to understand what they know. As Sir Huxley wrote when forming the United Nations, “unrestricted individualism is equally erroneous.” So much for human rights. We should have no right to vote, and in reality, these people claim to be defending democracy against autocracy when, in fact, we do not live in a democracy at all. They call Russia an autocracy when, in fact, we have no right to vote if we should go to war. We are too ignorant to know what to do in life.
There is an all-out assault on Democracy, and it is not from Trump. Here is Klaus Schwab, who is the poster child for authoritarian government and the suppression of human rights. We are too stupid to be allowed to vote since we are beneath the level of intelligence of those who know better. When Trump was elected, that is when Democracy became Populism – and that was not acceptable.
Posted originally on Apr 14, 2024 By Martin Armstrong
The LEFT is ALWAYS much more violent than the RIGHT. The simple difference is that the core philosophy of the RIGHT is you leave me alone, and I will leave you alone. But the core philosophy of the LEFT is always concerned about other people, from them making more than they do to being more successful in general. The LEFT always portrays themselves as VICTIMS, and they are always oppressed because of others. It’s just not fair to them that someone gets a new car and they can’t afford it.
Ironically, women did not need to vote before socialism. There was no income tax, and the real issue would be national policies and war that did not impact the individual – man or woman. Once the United States turned to socialism, then every individual, regardless of their gender or race, was entitled to vote since now laws were being imposed on personal activity and income. The LEFT has always claimed they care, but in truth, they have always been the oppressors throughout history, seeking to dictate every aspect of how people lived their lives.
The LEFT championed the income tax and swore they were only attacking the rich. Now, you must file an income tax form to say you do not owe any tax. The crime is NOT failing to pay the tax; it is FAILURE TO FILE. We are running full-speed into Digital Currencies because the LEFT cannot sleep at night worrying about everyone getting cash under the table.
We just went through an audit in Florida, where we have no state income tax, but we have to collect unemployment taxes from workers. They were looking to see if we were paying CONTRACT WORKERS who are not on the payroll. I said we do not have such workers, which did not matter. We had to go through the audit explaining payments made to other companies, and they would check on them to ensure they were an actual company. After three months of an audit and legal and accounting fees in excess of $50,000, we ended up owing nothing – thank you very much for not believing me in the first place.
Welcome to the LEFT – they care so much about us, they do not believe anything we ever say – we are all just liars and scum. The assumption in government is that “We the People” never pay the taxes they demand. Everyone skims 35% off what they would really owe.
The solution is to eliminate ALL paper money, including crypto, and force us to use their coming digital currencies that can be traced back to their origin. If I give you a $100 bill, they do not know who gave it to me. But if it is a crypto, they know every person in that chain before me. Nobody knows who created blockchainbecause it was the government, and they created Bitcoin to sell this idea to the people, saying that it would be separate from the central banks and anti-fiat. Welcome to the actual end game – the government will get EVERY penny of tax they ever dreamed of.
The LEFT has won! They will monitor absolutely EVERYTHING you do!
Posted originally on Apr 12, 2024 By Martin Armstrong
QUESTION: Can central banks not even manipulate the markets?
FS
ANSWER: No. Here is the track record of the central banks when they created the Group of 5 (now G20) in 1985. I warned them they would create a crash within two years. But look at what happened. The fools assumed the central banks could manipulate the dollar. When the Plaza Accord took place, the dollar had already peaked. Because the fools thought the decline was all because of the central banks, when the dollar had fallen too far, they held the Louvre Accord and came out saying the dollar had fallen far enough. When the dollar moved low again, the 1987 Crash too place BECAUSE the central banks were perceived to have no control.
I was named FOREX Person of the year for calling the collapse of the Swiss/Euro Peg. I even met with the Swiss central bank and warned them, They said they would be able to hold the peg and and said now way. I have met with more central banks than probably anyone – ever. I have been in the room when the red phone was ringing between the G5 on manipulating currencies. I need not engage in conspiracy theories. We have first-hand experience.
Even go back to the US Civil War. The dollar was collapsing, and the price of gold soared regarding greenbacks. Lincoln did everything. He shut down gold trading on the New York Stock Exchange. They then traded on the curb and created the Gold Room. Nothing worked.
Here is the New York Times from November 18th, 1864. They observed the “folly of attempting to regulate the price [of gold] or any other article of traffic by forcible interference.” Anyone who claims that gold was suppressed because of manipulation made that up because they do not understand that gold DOES NOT rise linked to inflation. Gold soars when there is a collapse in confidence in government and in times of war, just as it did during the Civil War.
Gold declined for 19 years while inflation rose and the National Debt exploded. Gold has rallied only when the CONFIDENCE in government has declined as we are seeing today. People are getting very tense. In Texas, a guy drove his 18-wheeler into a Texas Public Safety office after being denied a Commercial Drivers License.
CONFIDENCE has collapsed by about 50% since 1980. The movie coming out tomorrow on April 12th is the Civil War. Such a movie 20 years ago would have been unheard of.
Posted originally on Apr 12, 2024 By Martin Armstrong
COMMENT: I just had to say thank you. I kept a copy of your private post What Are the Markets Telling Us? from FEBRUARY 24, 2024. Your model called for a high in January, the false move to retest support in February, and a resumption of the trend into April. You have taught me so much about how markets move. Only a fool buys and holds, expecting every month to be higher.
Keep up the great reports. This is when many say we need you the most.
Jeb
That Post 2/24/24 Was:
The UK has a slightly different pattern from continental Europe. Germany shows a Panic Cycle in June. But the targets are shaping up as May and July. Blending in gold, January was high, and Feb has retested support, yet softly. Volatility should rise now going into March, and April 19/20th is the ECM turning point of the Ukraine/Russia War, followed by the main ECM target of May 7th. Here, too, we see rising volatility in gold from May into August, with a Panic Cycle in September and the peak in volatility in November probably related to the 2024 election.
ANSWER: Thank you. Everything moves in a cycle. Many of the great discoveries come only from observing how markets trade. John Law traded on the exchange in Amsterdam and came up with the theory of Supply and demand.
Sir Thomas Gresham also traded on the floor in Amsterdam, representing the English Crown. He saw how Henry VIII’s debasement of money caused people to hoard the older money, which actually shrank the money supply, forcing the state to debase even more. He came up with the idea that bad money drives good money out of circulation.
I invented capital flow analysis because, in the ’80s, I, too, observed how capital was rushing around the world, driving markets up and down. If you do not open your eyes, you will remain nothing more than the fool on the hill.
Only a fool refuses to learn about the markets. If you cannot grasp this basic fundamental principle, forget investment; you are just a fool who will lose everything. There are always false moves. That is how the market is propelled by moving in the opposite direction, creating bull and bear traps. Every rally in gold for 19 years was touted as this time will be different. When they failed, they blamed the bankers. NOBODY but NOBODY can manipulate any market, altering its trend. They can push the market around within the scope of support and resistance. But they cannot change the trend no matter what.
All the bankers and hedge funds were on the same trade with Russia. I was invited down to the dinner they put on to buy influence in the IMF at the National Gallery. I told them the market would crash and refused to join. When it crashed, they blamed me rather than admit they were all wrong. If they were so powerful, why do they always blow themselves up with Russia, mortgage-backed securities, you name it?
No market can be manipulated against its inherent trend. Anyone who claims gold was suppressed because it was manipulated simply was an excuse because their analysis was wrong. That is total BS to claim any market can be manipulated, converting a bull to a bear market. Everything is arbitraged on a global scale.
The majority is ALWAYS wrong, and that is what creates the crash. They are all long, try to get out, and there is no bid. Look at the Slinky moving down the steps. The opposite side gains the majority of power and then pulls the other side down, and so on. This is how the markets move. It is always a battle between bulls and bears, which is why the markets can never go in one direction. The same is true about everything, including climate change. The climate has always changed the same as markets have always risen and fallen, only to rise again. Marxism did not understand this fundamental, and it, like some gold bugs, tried to make the economy rise and never fall back into recession.
The French physicist Jean Foucault discovered what is known as the Foucault Pendulum. He proved that the earth rotated on its axis. The pendulum was constantly moving back and forth like markets by its own inertia. In the course of 24 hours, the floor moved in a circle. Since you are standing next to this pendulum at the Houston Museum of Natural Science, the illusion is that it moves in a circle when you and the floor are fixed on Earth.
NOT EVERYTHING IS WHAT IT SEEMS – ONLY A FOOL REFUSES TO SEE
Posted 0riginally on Apr 12, 2024 By Martin Armstrong
Admiral Rachel Levine was appointed as the U.S. Public Health Service, Assistant Secretary for Health, U.S. Department of Health and Human Services under Biden’s diversity cabinet. Levine has repeatedly warned that climate change disproportionately affects minorities. The US Department of Agriculture agrees and will begin prioritizing disaster aid to non-white Americans. A group of farmers is now suing the USDA and claiming that it violates the 14th Amendment by favoring certain groups over others.
“When natural disasters strike, they don’t discriminate based on race and sex. Neither should the Department of Agriculture,” the group of farmers wrote in a court filing. “Enjoining USDA from using race, sex, or progressive factoring when administering the programs is warranted because Plaintiffs are likely to succeed on the merits of their claims that: (1) the programs, as currently administered, are unconstitutional; (2) USDA lacks statutory authority to run the programs in their current form; and (3) USDA failed to adequately explain changes in calculating payments when implementing progressive factoring,” the motion stated.
The Biden Administration has distributed $25 billion in pandemic and disaster aid based on a woke merit system that is based on gender, race, sexuality, or any trait that is deemed “socially disadvantaged.” Not only does this violate the 14th Amendment, but it infringes upon the Fifth Amendment and the Administrative Procedures Act. Straight white men are being discriminated against, yet they compose the majority of America’s farmers. Those deemed “socially disadvantaged” not only receive financial assistance first, but they receive larger sums and other preferential treatment.
“Disasters don’t discriminate and neither should USDA. In fact, the Constitution prohibits it,” the lawyers representing the farmers declared. “That is why our brave clients – a group of Texas farmers that includes three white men who received significantly less money in disaster relief funds from USDA than if they had been of a different race or sex – filed this case and are asking the court to stop USDA’s blatant discrimination.”
Race-based discrimination is alive and well in America. These measures violate the US Constitution and equal rights protections and create a divide between the people. Biden continues to sign Executive Orders permitting agencies to disregard the Constitution but it is downright unconstitutional and stains our entire political system.
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