New York State to Ban Gas Stoves


Armstrong Economics Blog/Climate Re-Posted May 8, 2023 by Martin Armstrong

New York approved a $229 billion budget plan laced with restrictions. New buildings under seven stories will be prohibited from using gas stoves by 2026, and taller buildings will face the same ban in 2029. There will be some exceptions for places like hospitals and restaurants, but newly constructed buildings will be forced to use electric.

This is the first ban of its kind at the state level. Berkeley, California, was the first US city to ban gas cooking in 2019. Other blue cities have followed suit and this will be the first of many restrictions they place on the people to combat naturally occurring climate change.

Senate Majority Leader Charles Schumer told the public in February 2023 that the idea of a ban on gas stoves was nothing more than a MAGA conspiracy theory. “At first you have to laugh at the ‘gas stove ban’ narrative being cooked up by the MAGA GOP,” Schumer stated. The Energy Department and the commissioner of the Consumer Product Safety Commission also denied the claims. Similar to Obama’s claim that you could keep your doctor, Democrats are claiming that you can keep your stove and this will only apply to new construction.

Ted Cruz and Joe Manchin attempted to pass the Gas Stove Protection and Freedom Act. “The federal government has no business telling American families how to cook their dinner,” Manchin said. “The last thing that would ever leave our house is the gas stove we cook on, and I will continue to fight any overreach by the Consumer Product Safety Commission.”

All of these small sacrifices will add up. They’re slowly implementing one restriction after the next so the public does not see what is happening.

Does Anybody Know What is Going On?


Armstrong Economics Blog/Climate Re-Posted May 5, 2023 by Martin Armstrong

COMMENT #1: I have seen the covers of various times predicting ice ages to heat waves and always it has been some exaggerated forecast that never comes true. Does anybody really know what is going on with this climate change nonsense where we are being taxed and deprived of all advancement for a theory that is unproven?

GR

COMMENT #2: Hello,
I was disturbed by Kennedy’s comment on locking up climate change opponents. However, I listened to a number of things he’d do the first day – all great. I voted for Trump in 2020; but believe he’s too egotistical to admit mistakes he made during Covid. He could be forgiven for listening to wrong advice; but admit it and don’t just blame others. Also, I voted for DeSantis but with his world tour promising military support around the world; seems like he’s just sucking up to the neocons. Trump needed to be “Trumpish” to win in 2016. If he admits past mistakes and “gets real”, show some humility; he could capture some never-Trumpers. Trump may be the only person would could drain the swamp, but his echo would not allow him to do what is necessary to capture the voters. I’m afraid DeSantis is going to be absorbed by the neocons. Kennedy may be the next best thing? You would do a much better job than Biden; but sadly, that’s not a high bar.
Thanks,
Bruce

REPLY: I agree, that Trump got caught up in the bad advice. It would be impressive if he would come out and tell the truth about COVID and who was giving him the advice. This Climate Change is insane. I grew up with gas stoves and heaters. New York has now banned gas stoves. These people are risking everything and sending society back to the stone age. The once respectable Economist has become an enemy of the people pushing both Schwab’s you will own nothing and insisting it had to be Biden for the Neocons.

It seems that the press is just a cheerleader for war. They paint nothing but hatred of Putin so we should send hundreds of thousands of our young to die to kill one man? After tens of thousands of years, we are no different from ants which also wage wars.

The worse analysis is whenever someone tries to claim everything is caused by a single event. That has never proven to be correct in any field of analysis. It is always far more complex.

ABSOLUTELY nothing can be reduced to a single cause and effect – NOTHING!

When I was called in by the Presidential Commission back investigating the 1987 Crash, an academic was put in charge of some investigation and said we were going to find that giant short that forced the market down. I explained that theory has always been put forth since the first investigation into the 1907 Crash and nobody has ever been found. They subpoenaed in 1930 all the millionaires and put them on trial in the Senate with false allegations. They found that they were all long – not short. They all lost money. But the allegation was so outrageous, William Fox (Wilhelm Fried Fuchs) founder of the Fox movie empire, lost his company thanks to countless lawsuits filed against him and he was too sick to attend the hearing in Washington so they put him on trial and destroyed his reputation all because they hated anyone who had money. That was why Hoover apologized for the unethical and unconstitutional treatment of the rich during the Great Depression.

When I explained that nobody was ever discovered, the next question was why then did the market crash? I explained that when everyone is long and something causes some to begin to take profit, the people try to sell and there is NO BID! That is when the market crashes. Politicians then blame short sellers and want to pass laws outlawing short selling and the ONLY person with the courage to buy during a crash is the short seller.

Eliminate that and you end up with a dead market just as took place in Japan. Instead of the crash being over in 2 to 3 years like 1929-1932, it was prolonged for 19 years. Everyone who was long was just waiting for a rally to sell that never came and there were no fresh buyers.

Climate Change is nothing but propaganda taking a natural cycle that can be proven and tracked for millions of years and these people want to reduce it all to just CO2 no different than blaming shorts for a stock market crash. There are just people obsessed with this propaganda and it is just beyond belief. If they believe in that so much, please then show us the way and just commit suicide to reduce the population, and that will reduce the whole CO2 problem.

During the 1970s, scientists were all predicting a new ice age. That was the popular view. Then there was a totally theoretical proposition laid out in the book Under a Green Sky that has become the bible for the total destruction of our modern society and just maybe they know that and are looking to deprive energy to reduce the population.

If we take the graph from the paleontologist Peter D. Ward’s book, Under a Green Sky” published in 2007, this is what has inspired this whole climate debate and there is no evidence that it was CO2 that created an extinction of hundreds of millions of years ago. This has been a theoretical model that appears to be as reliable as the one funded by Bill Gates to justify locking down the entire world economy for a man-made virus – COVID19.

bernhardi-erratics

In 1832, Professor A. Bernhardi argued that the North Polar ice cap had extended into the plains of Germany. To support this theory, he pointed to the existence of huge boulders that have become known as “erratics,” which he suggested were pushed by the advancing ice. This was a shocking theory, for it was certainly a nonlinear view of natural history. Bernhardi was thinking out of the box. However, in natural science, people listen and review theories, unlike in social science, where theories are ignored if they challenge what people want to believe. In 1834, Johann von Charpentier (1786-1855) argued that there were deep grooves cut into the Alpine rock concluding, as did Karl Schimper, that they were caused by an advancing Ice Age.

woolyrhino

There is a cycle to everything. The climate ALWAYS changes, and there are warming periods and cooling periods. These charlatans are no different than the Babylonian high priests pretending to block the sun with the moon on their command. Science was turned on its head after a discovery in 1772 near Vilui, Siberia, of an intact frozen woolly rhinoceros, which was followed by the more famous discovery of a frozen mammoth in 1787. You may be shocked, but these discoveries of frozen animals with grass still in their stomachs set in motion these two schools of thought since the evidence implied you could be eating lunch and suddenly find yourself frozen, only to be discovered by posterity.

baby-mammoth

The discovery of the woolly rhinoceros in 1772, and then frozen mammoths, sparked the imagination that things were not linear after all. These major discoveries truly contributed to the Age of Enlightenment, where there was a burst of knowledge erupting in every field of inquisition. Such finds of frozen mammoths in Siberia continue to this day. This has challenged theories on both sides of this debate to explain such catastrophic events. These frozen animals in Siberia suggest strange events are possible even in climates that are not that dissimilar from the casts of dead victims who were buried alive after the volcanic eruption of 79 AD at Pompeii in ancient Roman Italy. Animals can be grazing and then freeze abruptly. Climate change has been around for billions of years — long before man invented the combustion engine.

Even the field of geology began to create great debates that perhaps the earth simply burst into a catastrophic convulsion and, indeed, the planet was cyclical — not linear. This view of sequential destructive upheavals at irregular intervals or cycles emerged during the 1700s. This school of thought was perhaps best expressed by a forgotten contributor to the knowledge of mankind, George Hoggart Toulmin, in his rare 1785 book, “The Eternity of the World”:

” ••• convulsions and revolutions violent beyond our experience or conception, yet unequal to the destruction of the globe, or the whole of the human species, have both existed and will again exist ••• [terminating] ••• an astonishing succession of ages.”

Id./p3, 110

As for the overpopulation propaganda being pushed by Bill Gates, he is just part of the collapse of Western Civilization. I find it really hypocritical that they want to imprison Trump, but not people pushing to reduce the world population and mandating a vaccine that FAILED to prevent the virus and more people who died of COVID who were vaccinated than not. It would seem we are dealing with some dangerous psychopaths running around advocating global genocide. But hey! January 6th was against the political establishment so they are evil. When those in power conspire against We the People, there is nobody to defend the people because they also control all investigations and prosecutions. Only when the military wake up and realize that they TOO are We the People and their families and no longer support the political agenda history teaches us that is the only time when the people will be saved.

WEF & Google Conspire Against the People


Armstrong Economics Blog/WEF Re-Posted May 1, 2023 by Martin Armstrong

There is nobody on our side in anything. All they are doing is manipulating society for their own agenda. They refuse to allow any debate and this is part of the Decline & Fall of Western Society as we move into 2032. They see the world only from their self-interest and cannot grasp that this is the very process of how empires decline and fall. They commit suicide from within, that weakens their defense, and then the barbarians swam in for the kill. Unfortunately, history repeats because human nature never changes.

Why Does the ECM Work On So Many Things?


Armstrong Economics Blog/Uncategorized Re-Posted Apr 17, 2023 by Martin Armstrong

COMMENT #1: Hi Martin, corn also turned nicely on the ECM:

JB

COMMENT #2: Hello Marty, I just want to point out that the Japanese yen broke really hard on the 10th. Not sure if this will prove to be a precursor of what is to come.

Thanks from Tokyo, your old home ground.

AS

COMMENT #3: Well the ECM also marked the reversal in trend in the 30-year bond. It peaked at 134 and fell to 130 by the end of the week. That was just remarkable.

Colin

COMMENT #4: Martin; is this chart real that people are sending around claiming it was Benner’s work?

Mat

ANSWER: As far as this chart of Brenner’s Cycle being real, the answer is no Someone has made it up and signed his name. They have at least extended his cycle correctly. The last time someone tried that they skewed the cycle to make it look like it forecast the Depression 1932 low.

When the WSJ published it, it showed 1932 instead of 1931. Brenner did not extend this out in this manner. What is important to understand is that Brenner was a farmer and farmers understand the cycles in nature. Economists and governments pretend they can smooth out the cycle and eliminate the booms and busts.

The business cycle always wins as both former chairmen of the Federal Reserve conceded – Arthur Burns and Paul Volcker.

Back during the 19th century when Brenner was observing the business cycle, it was still based on commodities. Kondratieff took the same data. I believe the reason WHY the Economic Confidence Model has been so accurate is that it was based on a list of Panics – not one sector of the economy. Therefore, the ECM incorporates weather as Brenner and Kondratieff did by using the commodity sector. Yet just that the ECM was derived from financial panics, it was not based on any one specific type so it strangely seems to have incorporated the whole gambit.

Furthermore, all previous cyclical analysis was based on just a single market like stocks. They have failed because they could not account for the external influence of a contagion. The fact that this list began with the Turks’ siege of Vienna, means that the list was also influenced by war and from an international perspective.

This is a fascinating subject that I will explore in far more detail in my coming book.

Sources


Armstrong Economics Blog/Opinion Re-Posted Apr 16, 2023 by Martin Armstrong

QUESTION: Mr. Armstrong, You are renowned for your sources. You said the IMF was planning to replace the dollar with its own international digital currency. You targeted Ukraine a year before anyone heard of the country. You said Ukraine was losing the war and they had lost 100,000 troops when people said that was Russian propaganda. That turned out to be classified as Ukrainian information. These Pentagon papers confirm everything you have said a year ago. Israel was reluctant to send anything to Ukraine when everyone said Zelensky was Jewish. The list goes on and on.

My question is, why do you have information from around the world before anyone else?

HP

ANSWER: That is hard to say. I think what has emerged over the decades is that people are sharing information from all over to get a true picture of what is honestly happening. People come to me because I put out the truth. Back when they were forming the Euro, it has come out that the Bundesbank was against it. They were providing all the notes and discussions going on because they also know we have the largest institutional audience of anyone. It is never my opinion. Everyone has opinions and that means nothing. We are well read because it is not my personal opinion. I really cannot address this subject any more than that.

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.