Yellen Admits Truth Behind the Inflation Reduction Act


Armstrong Economics Blog/Corruption Re-Posted Apr 11, 2023 by Martin Armstrong

The Inflation Reduction Act has only increased inflation. Secretary of the Treasury Janet L. Yellen came out and admitted the truth – the act’s entire premise is to push the climate change agenda forward. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted.

It provided the government with an opportunity to eliminate our energy independence. We did not have an energy crisis before Joe Biden took office. He killed the Keystone deal on his very first day in office and has been promoting the larger WEF Build Back Better plan at the expense of the nation. Biden implemented policies that worsened inflation and then convinced mindless politicians, who never read the large bills put forward, to vote for a $369 billion act under the premise of fixing a problem he created.

Now Joe Manchin, who brokered the deal with Biden, claims he was duped into believing the act was actually designed to reduce inflation. In an op-ed published in the Wall Street Journal, Manchin criticized the need to raise the debt ceiling as a “needless emergency.” Manchin wrote:

“America is fast approaching another needless emergency—the raising of the national debt ceiling. This impending crisis isn’t an accident but a result of the inaction of various actors who refuse to confront fiscal reality, sit down, negotiate and make hard decisions for the sake of our nation’s future. While all parties have a responsibility to negotiate in good faith, recent actions make clear to me that the Biden administration is determined to pursue an ideological agenda rather than confront the clear and present danger that debts and deficits pose to our nation.”

He goes on to state that the national debt is nearly $31.5 trillion, “or close to $95,000 for every man, woman, and child, and represents 120% of our gross domestic product.” He proposes negotiating the debt ceiling and is pleading with “Mr. Biden to instruct his administration to implement the Inflation Reduction Act as written and stop redefining its credits and other subsidies.”

The Senator from West Virginia stated that Americans will pay the price for generations if Biden fails to act, but Yellen has now admitted that the goal of the IRA has been achieved. As Trump said, if you put the worst five presidents in American history together, they’ve done less damage to the nation than Biden in under three years.

The 6th Wave – Do We Ever Learn?


Armstrong Economics Blog/ECM Re-Posted Apr 4, 2023 by Martin Armstrong

QUESTION:
Hi,

Have you come across a period in history that at the end of the sixth wave, after the political system dies, during the next six waves, human mankind learned from its past errors and corrected it?

ANSWER: Actually, the answer is NO. The fall of the Minoan Civilization brought in a dark age with the invasion of the Sea Peoples from the North who were driven south by climate and conquered all the civilizations during the Bronze Age except for Egypt. Reliefs show the Egyptians in heated battles against the Sea Peoples.

Everything in this universe is fractal. It is a repetitive pattern of self-referral. You have children and they are a blend of both parents’ DNA – self-referral. Thus, what makes 2032 extremely important, is that it is the Sixth Wave since the last upheaval of the overthrow of the Monarchy.

The Roman Empire peaked with the reign of Marcus Aurelius (161-180AD). We know from Chinese documents that he had even sent an ambassador to China which was the first contact.

However, 6 of the 51.6 waves (which are 6 of the 8.6-year) in turn build in a fractal manner into a 309.6-year wave and then we have 6 waves of that which form 1857.6.  There are then 6 waves of that building into 11,145.6-year waves. About 11,600 years ago (9,600 BC)  was an abrupt period of global warming which accelerated the glacial retreat that was the beginning of the Holocene geological epoch. That is when we begin to find the domestication of sheep and evidence of settlements such as Jericho dating back to 9,600 BC.  That wave was the Mesolithic era which refers to the final period of hunter-gatherer cultures in Europe and Western Asia. This was between the end of the Last Glacial Maximum and the Neolithic Revolution. This is also why in back-testing the ECM, it became very clear that it incorporates nature and the swings back and forth on climate change.

There is the period of the Megalithic Monuments in Europe. We do not know why these Neolithic and Copper Age creators were motivated to expend such energy in their creation. Some of these structures appear to have been graves. The sheer weight of the stones shows a very determined culture whose motives are lost to the haze of the period we refer to as prehistory.

Recent studies have implied that these megalithic monuments across Europe originated in northwest France, and the practice of building them spread along the continent’s coastlines in several migratory waves. They first appeared during the second half of the fifth millennium BC. That was about 4300 years before the invention of coinage.

The oldest known city dates back to 6700BC, Catal Huyuk, located in modern Turkey. I have studied the economy of this period. It has all the trappings of modern-day civilization. There are houses with murals on the walls. This confirmed that there was an artist trade. There were a lot of female deities found so there was some artistic trade that carved these out of marble as well as clay. There was no indication of money being used so it was most likely a barter-based society with some people making tools and others growing crops.

Food was money in the shape of olives, dates, seeds, or animals and we also know that financing, lending for interest, dates back to c. 5000 BC, if not even earlier. The fall of Rome prompted the return of the Sin of Usury – denial of interest. Much of the blame for the fall of Rome was attributed to corruption of that sort. Capitalism is born with the Protestant Reformation which allowed Christians to earn money from interest. Martin Luther was funded by Christians who wanted to get into the banking field which had been restricted to the Jews.

What we do see at these events is typically it is a knee-jerk reaction to whatever was in place, the reaction is in the opposite direction. We have gone through a revolution against Monarchy. That led to Republicanism. This time perhaps we move toward Democracy. We should have the right to vote  – do we go to war – Yes or No! Some Neocons should not make that decision and then we are imprisoned and called a traitor if you do not die on some battlefield that they decide should take place. This is not any different than Monarchy where King Louis XIV (1643-1715) lamented on his deathbed – “I have been too fond of war.” These people play a sport with the common people as the pawns on the chessboard.

Mississippi Death Toll Now 25 as Recovery Efforts Continue


Posted originally on the CTH on March 27, 2023 | Sundance

We loaded a CERT toolbox trailer yesterday that is heading to Mississippi to assist as recovery efforts get underway.  Samaritan’s Purse is now on the ground in two locations, Rolling Fork and Armory [Register to Volunteer Here]  Any Treepers in the impact zone check in and feel free to provide updates on the ground events that relate to your area.

(Via Fox News) – Help began pouring into one of the poorest regions of the U.S. after a deadly tornado tore a path of destruction for more than an hour across a long swath of Mississippi, even as furious new storms Sunday struck across the Deep South.

At least 25 people were killed and dozens of others were injured in Mississippi as the massive storm ripped through more than a half-dozen towns late Friday. A man was also killed in Alabama after his trailer home flipped over several times.

“Everything I can see is in some state of destruction,” said Jarrod Kunze, who drove to the hard-hit Mississippi town of Rolling Fork from his home in Alabama, ready to help “in whatever capacity I’m needed.”

[…] The storm hit so quickly that the sheriff’s department in Rolling Fork barely had time to set off sirens to warn the community of 2,000 residents, said Mayor Eldridge Walker.

“And by the time they initiated the siren, the storm had hit and it tore down the siren that’s located right over here,” Walker said, referring to an area just blocks from downtown.  The mayor said his town was devastated.

“Sharkey County, Mississippi, is one of the poorest counties in the state of Mississippi, but we’re still resilient,” he said. “We’ve got a long way to go, and we certainly thank everybody for their prayers and for anything they will do or can do for this community.”

[…] Following Biden’s declaration, federal funding will be available for recovery efforts in Mississippi’s Carroll, Humphreys, Monroe and Sharkey counties, including temporary housing, home repairs, loans covering uninsured property losses and other individual and business programs, the White House said in a statement.

The twister flattened entire blocks, obliterated houses, ripped a steeple off a church and toppled a municipal water tower.

Based on early data, the tornado received a preliminary EF-4 rating, the National Weather Service office in Jackson said in a tweet. An EF-4 tornado has top wind gusts between 166 mph and 200 mph.

In Rolling Fork, the tornado reduced homes to piles of rubble and flipped cars on their sides. Other parts of the Deep South were digging out from damage caused by other suspected twisters. (read more)

Samaritan’s Purse is setting up in the following locations:

ROLLING FORK/SILVER CITY
Lake Washington First Baptist Church
1068 Lake Washington Rd E
Glen Allan, MS 38744

AMORY
First Assembly of God Amory
521 Tschudi Road
Amory, MS 38821

[Details and information Here]

Dear God, please bring the residents and families of those in the Mississippi area to Your throne of comfort. The shock and pain is unimaginable as they anguish over the loss of their town, their homes, their sense of normalcy and possibly their loved ones.

Father of mercy and comfort wrap Your loving arms around them. Hold them close. Help them to breathe and overcome the choking knot of despair in their throat.  Raise them, strengthen them, provide assurance for them.  Help the victims to see forward.  Dear Lord please provide wisdom and strength to the leaders of every community.

Please God, provide strength for their continued faith in You through this horrific destruction. Lavish them with Your love and fill the void of loss in their hearts.

In Jesus’ powerful name, I believe and pray.


Amen.

Interview: The Perfect Storm


Armstrong Economic Blog/Armstrong in the Media Re-Posted Mar 26, 2023 by Martin Armstrong

To Check out the video click here to view my most recent interview with Outer Limits: “The Perfect Storm.”

Commentary from Ryan McCormick:

Legendary economic forecaster and pro-freedom advocate Martin Armstrong once again appears on the Outer Limits of Inner Truth Podcast to discuss: The neoconservative agenda and the likelihood for war with Russia, Political corruption in Ukraine and the impact on global perception of the United States, And why the 2023 Financial Crisis is colliding with important cyclical targets regarding war, which may result in a two-prong panic of unprecedented significance. Marin also shares his perspective on Alan Turing's groundbreaking work on the mathematical order behind Morphogenesis and offers an updated outlook on how the US will breakup.

South Africa’s Power Grid is Failing


Armstrong Economics Blog/Africa Re-Posted Mar 21, 2023 by Martin Armstrong

South Africa is desperate for allies, economic allies. The country is failing and the people are suffering. There is international outrage right now misdirected at South Africa for its desire to host the Bric summit with Russia, China, Brazil, and India. The International Criminal Court (ICC) wants to arrest Putin for his war crimes, and President Cyril Ramaphosa is defending his position to invite Putin before the invitations for the event have even gone out. I warned that countries who were previously banned from discussions at the big table would turn to China and Russia for support since the West has abandoned them. “What about Ukraine!” the media cries. Well, what about South Africa? No one comments that the conditions in South Africa are WORSE than in Ukraine during an active war.

South Africa was in a bad spot economically long before COVID. GDP grew by a mere 1% between 2012 and 2021, according to the World Bank. The nation’s entire infrastructure is crumbling, and the power grid is on the verge of complete failure. Blackouts are common, and many blame state-owned power plant Eskom which routinely cuts off the power grid to produce “rolling blackouts” to conserve power. These “rolling blackouts” can last over 12 hours. This affects fuel availability, phone and internet coverage, traffic lights, power to hospitals, etc. It also limits the availability of food and water. Crime is more prevalent during blackouts as there are no cameras or security systems. Rape and crimes against women are disgustingly common. Civil unrest is so prevalent that the president issued a “state of disaster” warning on February 9, long after the situation became irreparable.

(click on the image for higher resolution)

Statistics vary but there are about 82 murders per day in South Africa. The South African Police Service reported 7,555 murders from October to December 2022. As you can see from the chart above, crime is rapidly escalating. People are murdering farmers and anyone with a surplus of food. “Most murders take place in a public place, such as a street or an open field or a parking area – or at the residence of the victim (including places known to the victim or perpetrator),” Business Tech reported. “The Purge” is essentially taking place in South Africa right now.

So what is the world police doing about this situation since they care so much about helpless nations? NothingThe US government issued a warning that Eskom’s power grid will collapse. They are warning that there will be no water, sewage pumps, or fuel, and the nation will effectively come to a standstill. Eskom said that in the “best case scenario,” it would take 6 to 14 days to restart the power grid. Experts believe it will take longer if they can manage to restore the power at all. “What’s left after a blackout would be what was left after a civil war,” an anonymous source said.

Poverty and the ongoing conflict have destroyed South Africa. The media would like people to believe that the nation is an enemy of the West because it is remaining neutral in the Russia-Ukraine conflict. How exactly is it supposed to offer any aid when its own people are starving? The West even had the audacity to ask South Africa to support the climate change agenda, as if they have access to stable energy. One can only hope that the Bric summit is permitted this year and Xi and Putin can offer aid to South Africa’s people.

What Will our Collective Future Look Like in the Year 2050? Part Two, the Result of The Great Reset and Build Back Better


The picture below is a good visual example of what those that want to rule us i.e. Klaus Schwab, Bill Gates, George Soros, Barack Obama and yes even Anthony Fauci would like it to be. I do not, for one second, think this is an exaggeration.  

Obviously, this is not a picture that any one that is not a multi billionaire would want to experience but there is one person on the planet that demands that this is what our future will be. That person is Klaus Schwab the creator of the World Economic Form (WEF). So what is the WEF? The WEF is an international non-government organization (NGO) founded by Klaus Schwab on January 24, 1971and located in Switzerland. The stated goal is to improving the status of the entire world. This is accomplished by training potential Global leaders on how best to rule the world and conducting an annual meeting in Davos Switzerland.  

Klaus Schwab’s Master Program

Klaus fist related book published in 2016 was The fourth Industrial Revolution where he predicted a future where AL, Robots and biotech advances would create a new world with wonderful things in it. I think during the years prior to publishing the book Bill Gates got involved with Schwab and they used the Marxist take over of the Environmental movement of Global and dangerous climate change as the tool to scare the population into agreeing to make radial change in energy production by switching from fossil fuel to wind and solar called “Green Energy” for short.

Klaus Schwab enlisted French economist Thierry Malleret to help him develop the plan for the New World Order that Schwab wanted to create and as I understand it Malleret help Schwab to develop his “Stakeholder Capitalism” with a new monetary system called “Modern Monetary Theory” or MMT. These were some of the key elements along with of his predictive advances in technology that would allow his New World Order (utopia) to actually work. This was all published the book COVID-19 The Great REST in 2020 just after the COVID-19. Also helping Schwab was Bill Gates who was getting into politics after leaving Microsoft. However, since he made a fortune while running the company he as now a multi-Billionaire.

I became aware of Gates’ plans for the world around 2005/6 after watching some of his TED talks, At that tome he was promoting net Zero CO2 emissions and showed an equation sowing how it could be done. Below is an image from Gates explaining it he theories about climate change. The following image it gates’ not mine.

Keep in mind that Gates’ view is the the wolds population need to be under One Billion which means that 90% of the worlds population must disappear. The remaining 10% would get all the energy from Green sources; however, since people bread out CO2 there is no way to ever get to net Zero. Some time between the end of Obama’s presidency and the start of the Trump Presidency all the Gates’ TED talks prior to 2010 on this subject disappeared only the newer ones that were less threatening were still there.

Part Three will continue the discussion.

Chaos & the Secret Order to Everything


Armstrong Economics Blog/ECM Re-Posted Mar 18, 2023 by Martin Armstrong

Economics is the ONLY field where cycles are denied. Moreover, people do not even comprehend how COMPLEXITY emerges. Alan Turing was a brilliant mathematician who is probably the father of computers for he built the really first computer to break the German Enigma Machine. The man was Alan Turing. He invented the computer and broke the German Enigma Code. You can watch the movie The Imitation Game to get a general idea of his achievement.

But Turing did something even far more astonishing. He had a theory that within nature, what appears to be chaos was just a mask that hides a natural order. He was the first to think that there might be a mathematical order that defines nature. There is a mysterious aspect of Morphogenesis. All the cells in an embryo are identical. Then the cells begin to clump together and actually become different from each other. The mystery was how identical cells know to form different things such as skin, eyes, brain, or bone. There is no central command center.

Turing 1952 Morphogenesis

The phenomenon of Morphogenesis is what is the essence of mystery. This process becomes self-organization. Before Turning, absolutely nobody had any idea of how this process even worked. It was also a great mystery of life itself. It was Turning who published on March 15th, 1952, the Ides of March 3.14, his mathematical explanation of Morphogenesis. Turning’s formula was revealing for it uncovered a secret order behind the mask of chaos. Despite being one of the most brilliant minds ever and all his contributions even breaking the German code, because he was a homosexual, a judge order him to prison or subject him to hormone injections to cure him. He committed suicide on June 7th, 1954 because of the abuse of the government which ignored all his contributions.

What Turning discovered in nature, was that there is a hidden order in which identical cells then change and become specific parts of the end result without any specific coding. What would appear to be simplistic formulas, suddenly emerged into a complexity that baffled the human mind. This is what I discovered in economics. A secret cycle that defines the complexity which we also cannot see with the naked eye.

This is why different cycles unfold in all the sectors such as metals, commodities, share markets, currency, bonds, etc, and when they align that is when we get the superposition events. I will explain more in my forthcoming book on the Economic Confidence Model. One bubble will be in the real estate markets, such as 1792 and 2007-2009. Other bubbles took place in commodities such as in 1919. Still, others took place in currency markets and capital concentration such as the 1989 peak in the Nikkei in Japan or the 1929 bubble in the USA.

In 2020, we warned that this cycle would be a debt crisis wave, but also a commodity wave with rising inflation and interest rates into 2024. We must understand that each bubble is different for it all depends upon the cyclical aspect of that particular sector and does that line up with others to produce a super-wave that becomes the bubble.

Right now, we have a crisis in banking because far too many banks have just listened to the mainstream media and failed to understand that interest rates would be rising – not declining. Since 2020 we have been warning that interest rates were at a 5,000-year low. A simple bounce to just 5% would be devastating. Many banks attend our conferences because they are sophisticated and do not make hedging decisions based on the latest headline on MSNBC.

I am working hard on having Socrates articulate the complexity. I hope to roll this out this year – ASAP. My personal interpretation is generally on point, but not always. What looked to be dominated by geopolitical events in April, appears to be combined with the banking crisis, and in all honestly, I could not imagine that the FDIC even considered not covering 85% of the deposits. I should not have had to even explain that doing that would mean that small businesses have systemic risk in all banks. I actually had to explain there would be a major banking crisis in April that would make the Great Depression appear like a dress rehearsal.

As such, this banking crisis does not appear to be finished. It will still move into April 10th or so. Then the ICC issued a criminal indictment for Putin when they have no such jurisdiction by their own authority. They have become yet another political tool of the Neocons determined to create World War III.

We have entered the period of COMPLEXITY where we are not looking at a single sector in a bubble. We are looking at a really dangerous contagion of COMPLEXITY and the Neocons could care less about the economics. They have control of the White House and this is their chance and they are NOT backing down.

God help humanity!