Stunning News in Canada – Economy Loses 71,200 Jobs, Unemployment Jumps to 5.9%…


Elections have consequences.  On the same day the U.S. economy reports astoundingly successful jobs growth of 226,000 jobs and a drop in the unemployment rate to 3.5 percent; the Canadian state economic minister reports surprisingly terrible jobs losses of 72,200 jobs and a jump in unemployment from 5.5 to 5.9 percent.

The Canadian economy is roughly one-tenth the size of the U.S. So in equivalent terms the results from Canada reflect a comparative loss of 720,000 jobs on the same day the U.S. revises all figures upward to over 300,000 gains.  A stunning economic contrast:

OTTAWA (Reuters) – The Canadian job market lost a surprise 71,200 net positions in November while the unemployment rate rose to 5.9%, the highest in more than a year, data showed on Friday, as analysts said a repeat of the weak numbers could force the Bank of Canada to rethink its monetary policy.

Analysts in a Reuters poll had forecast a gain of 10,000 jobs and had predicted the unemployment rate would hold steady at 5.5%. […] November’s numbers followed a weak report in October, when the labor market unexpectedly shed jobs despite a likely boost from hiring related to the federal election.

[…] Canada’s goods-producing industries saw a decline of 26,600 net jobs, largely on manufacturing. The services sector lost 44,400 net jobs.

November’s unemployment rate was the highest seen since the 6.0% reported in August 2018. 38,400 full-time jobs and 32,800 part-time jobs were lost in November. (read more)

It is worth remembering that Canada does not allow competition in their media sector.  The Canadian government considers the news media a protected “cultural industry”; and through a process of subsidizing broadcast all news media is essentially state run media.

Why is this important?  Well, when the expressed priority of the government is controlling broadcast information if you are intellectually honest you should apply that same ideological outlook toward any information from the government in a general sense.

The Canadian election was held on October 21st, 2019.  The central control government of Justin Trudeau would likely hold-back any negative economic information in an effort to support the ideology of the central government and maintain public opinion in advance of the voting.  However, with the election over the economic books need to be reconciled.

I strongly suspect the Canadian November jobs report encompasses some of that state run reconciliation effort.  Meaning the Canadian economy was in much worse shape in the months leading up to the election than state media were broadcasting.  The reality is now catching up….

Secondly, it was obvious in July of this year that Speaker Nancy Pelosi and Justin Trudeau entered into an agreement of mutual benefit.  Trudeau would hold back submission of the USMCA for parliamentary ratification, and left-wing political ideologues in the U.S. would help Trudeau win re-election.

At the time CTH forewarned of what this type of political arrangement really meant.

In essence Prime Minister Justin Trudeau was willing to compromise the health of his own economy for stunningly political reasons.  There was a perfect storm of negative economic dynamics clearly visible on the horizon…. but few were paying attention.

In combination with leftist economic policies on energy development that strangles economic growth through excessive regulation, the leftist government of Trudeau has dismantled the natural underpinnings of a market-based economy.  The manufacturing base of Canada is compromised, perhaps to the point of no return.

For two decades liberal (left-wing) Canadian policy essentially transformed their economic model from manufacturing to “assembly“.   The goods-based production within the Canadian economy was structured to take advantage of the NAFTA loophole.

Goods production in Canada was reduced from full manufacturing to a process of assembling parts brought in from overseas and then selling them into the U.S. market.   This process exploited the NAFTA loophole allowing foreign companies to ship parts to Canada and then assemble for transport into the U.S. without tariffs.

Over time the Canadian economy became more and more dependent on this system of brokering goods, while Canada simultaneously dismantled their heavy industry at the request of extreme environmentalists.

The Canadian assembly system for durable goods was always at risk of the NAFTA loophole being closed.  When President Trump renegotiated the USMCA, primarily with Mexico, the loophole was closed.  The USMCA rules on origination now require the parts to come from inside the North American manufacturing system.

Importing parts from Asia and simply assembling them in Canada is no longer permitted under the USMCA agreement.  The majority of the parts -which require heavy industry to produce- must originate from North America.  Canada has little capacity to take advantage of this economic opportunity because they dismantled their heavy industry.

As a consequence, if any multinational company wanting to invest in a manufacturing system, that avoids tariffs, to bring their end product to the massive U.S. market… well, Canada is no longer a viable option for that investment.

The multinational banks and investment groups who fund corporate manufacturing investment; and who are now no longer willing to underwrite Asian investment due to the impact of Trump tariffs; are focusing on where that investment can support the economic activity.

As with this latest report, when we see: “Canada’s goods-producing industries saw a decline of 26,600 net jobs, largely on manufacturing” leading the headline, this is a direct consequence of the economic dynamic identified above.

Elections have consequences; and those economic consequences are extraordinarily impactful in the era when U.S. President Trump is dismantling global supply chains; focusing on bringing high-wage manufacturing industry back to the U.S; and driving a process of profound consequence through economic nationalism.

Economic Security is National Security” ~ President Trump

Socrates Project – Best Kept Secret


QUESTION: Marty; A friend of mine is an analyst at one of the major banks in New York. He said they are not allowed to forecast some things as you said. He used to work for a European bank and did say it was much worse.  He said everyone who is anyone reads you. He also said that none of the mainstream media will ever report on Socrates because you will put all analysis out of business. Is this why you intend to go public?

Thanks so much for your insight in creating Socrates.

MH

ANSWER: Mainstream press in the USA has never been interested in really covering our analysis. They are not interested in reporting that a computer can actually write reports and forecast the entire world. You have to understand, we remain the best-kept secret. Even when Nigel Farage was our guest speaker in Rome, he said he had to come after we forecast BREXIT. Now, not a single British newspaper ever reported our forecast before or after. Nonetheless, those in power and in strategic institutions and corporations, all know what our forecasts were. So it is an interesting paradox. We are the best-read, but the most under-reported.

Nobody wants to report there is a computer that forecasts the world for it at the same time exposes the true trend of the economy and all the interconnections, including climate change. In the summer when the Inverted Yield Curve was taking place, all the newspapers were forecasting Trump would lose because the economy was headed into a recession. That was their typical biased war against Trump. Our model showed there would be a moderate decline in the expansion into the ECM for January, but that we did not see a major correction or a major recession.

These types of forecasts are not luck nor are they based upon what “I think” for we are all human and thus we are subject to making mistakes. We need a dispassionate analysis of a computer to provide an objective outlook. People keep trying to compete with me personally which is often quite funny to me.

Socrates will only be recognized when (1) we go public, and (2) after my death. That is just how things work. Even in the Bible, Jesus said that a prophet has no honor or is recognized in his own country’ (John 4:44). That is the way it has ALWAYS been in every field. Not exactly sure why it is that way. It just is! I have always been covered more by the press outside the USA than inside.

Italy & the Euro


QUESTION: Dear Mr Armstrong,
When will the Euro begin the final drop against the USD?
My second question is property in Italy seems to be rising. Is this what you referred to a currency inflation?

CDP

ANSWER: The decline in the euro since 2008 has been steady, but gradual to some extent. The EU government has been warning banks not to accept short positions and they have done their best to try to hold the currency. The final blow comes ONLY when the general public realizes that there is a problem with all central banks. They cannot support the economy while the fiscal side makes no effort at reform. That is more likely in the 2021-2022 time period.

As far as property in Italy is concerned, Italians have a cultural attachment to property. Many have more than one place. They have traditionally sought to park money in property because the Italian lira was in a perpetual decline.

Pension funds on a global scale will become a major crisis. Japan has the worst aging population. However, the same problem exists in Europe and America. This is a long-term issue rather than instantly, right now

German Politics


QUESTION:

Hi Martin,

It can not be said enough: thank you for everything that you do.

I have a question that has been bothering me for some time now. I haven’t had the time to compose it until now.

You often talk of the fact that Hitler was elected with only 30% of the vote, and was allowed to propagate because of it. This changed the face of Europe and the world.

Was this the same for Merkel? Was she allowed, with only 30% of the vote, to open the borders and so change the face of Europe for decades to come?

If so, then Germany, with all its preoccupation about hyperinflation, has misread history and so should have focused on electoral reform rather than austerity.

Thanks, from a dedicated daily reader,

D

ANSWER: Yes, political reform in Germany is really essential. At the very least, it should adopt the French system where the first round of voting reduces the multi-party factions to two. Then the people have to vote between them. In the case of Germany, they form governments from groups to form coalitions. This means there must be compromises in what the people voted for. It is wrong that those compromises are then decided by politicians rather than the people. The next result, someone with only 30% can change the face of Germany and Europe

ADVICE To Teenage Daughter Climate Response


COMMENT: I am really, really upset and astonished by ”A LETTER FROM A CONSTITUENT ABOUT HOW HE ADVISED HIS TEENAGE DAUGHTER ON ‘CLIMATE CHANGE’”.

I am certain that there are more points to be made but here is mine:
Bicycle Do you know they are made of steel, aluminum, plastic, rubber, etc, etc. All ingredients devastating to our planet. The only sensible solution is to walk or if you are in a hurry run. By the way, running will keep you warm.

Cold shower Well I suppose that the water is brought to the house in buckets, made out of some material not harming the environment, from a nearby stream of water. In the winter ok if not possible then sorry, you have to wait for the spring. This will also save a lot of water and cleaning of effluents.

WiFi Oh my god! That means she has a mobile, tablet and/or computer! Discard all of them. Of course in a safe way. Certified recycler is nearby I suppose so you don’t have to walk too far.

Horsehair pillow Are you for real? For that, she needs a horse. Why not start with the primary ingredient for growing a horse, HAY! Which by the way is perfect for the mattress. Maybe she can cut off her own hair and stuff her pillow?

I really hope that your wonderful off-spring survives until summer.

LETTER ON HOW TO ADVISE A TEENAGE DAUGHTER ON ‘CLIMATE CHANGE’


A LETTER FROM A CONSTITUENT ABOUT HOW HE ADVISED HIS TEENAGE DAUGHTER ON ‘CLIMATE CHANGE’:

After our daughter of fifteen years of age was moved to tears by the speech of Greta Thunberg at the UN the other day, she became angry with our generation “who had been doing nothing for thirty years.”

So, we decided to help her prevent what the girl on TV announced of “massive eradication and the disappearance of entire ecosystems.”

We are now committed to give our daughter a future again, by doing our part to help cool the planet four degrees.

From now on she will go to school on a bicycle, because driving her by car costs fuel, and fuel puts emissions into the atmosphere. Of course it will be winter soon and then she will want to go by bus, but cycling through the freezing builds resilience.

Of course, she is now asking for an electric bicycle, but we have shown her the devastation caused to the areas of the planet as a result of mining for the extraction of Lithium and other minerals used to make batteries for electric bicycles, so she will be pedaling, or walking.

Which will not harm her, or the planet. We used to cycle and walk to school too.

Since the girl on TV demanded “we need to get rid of our dependency on fossil fuels” and our daughter agreed with her, we have disconnected the heat vent in her room. The temperature is now dropping to twelve degrees in the evening, and will drop below freezing in the winter, we have promised to buy her an extra sweater, hat, tights, gloves and a blanket.

For the same reason we have decided that from now on she only takes a cold shower. She will wash her clothes by hand, with a wooden washboard, because the washing machine is simply a power consumer and since the dryer uses natural gas, she will hang her clothes on the clothes line to dry, just like my parents and grandparents used to do.

Speaking of clothes, the ones that she currently has are all synthetic, so made from petroleum. Therefore on Monday, we will bring all her designer clothing to the secondhand shop.

We have found an eco store where the only clothing they sell is made from undyed and unbleached linen and jute. Also can’t have clothes made on wool, because the emissions from farting sheep are supposedly causing bad weather.

It shouldn’t matter that it looks good on her, or that she is going to be laughed at, dressing in colorless, bland clothes and without a wireless bra, but that is the price she has to pay for the benefit of The Climate.

Cotton is out of the question, as it comes from distant lands and pesticides are used for it. Very bad for the environment.
We just saw on her Instagram that she’s pretty angry with us. This was not our intention.

From now on, at 7 p.m. We will turn off the WiFi and we will only switch it on again the next day after dinner for two hours. In this way we will save on electricity, so she is not bothered by electro-stress and will be totally isolated from the outside world. This way, she can concentrate solely on her homework. At eleven o’clock in the evening we will pull the breaker to shut the power off to her room, so she knows that dark is really dark. That will save a lot of CO2.

She will no longer be participating in winter sports to ski lodges and resorts, nor will she be going on anymore vacations with us, because our vacation destinations are practically inaccessible by bicycle.

Since our daughter fully agrees with the girl on TV that the CO2 emissions and footprints of her great-grandparents are to blame for ‘killing our planet’, what all this simply means, is that she also has to live like her great-grandparents and they never had a holiday, a car or even a bicycle.

We haven’t talked about the carbon footprint of food yet.

Zero CO2 footprint means no meat, no fish and no poultry, but also no meat substitutes that are based on soy (after all, that grows in farmers fields, that use machinery to harvest the beans, trucks to transport to the processing plants, where more energy is used, then trucked to the packaging/canning plants, and trucked once again to the stores) and also no imported food, because that has a negative ecological effect. And absolutely no chocolate from Africa, no coffee from South America and no tea from Asia.

Only homegrown potatoes, vegetables and fruit that have been grown in local cold soil, because greenhouses run on boilers, piped in CO2 and artificial light. Apparently, these things are also bad for The Climate. We will teach her how to grow her own food.

Bread is still possible, but butter, milk, cheese and yogurt, cottage cheese and cream come from cows and they emit CO2. No more margarine and no oils will be used for the frying pan, because that fat is palm oil from plantations in Borneo where rain forests first grew.

No ice cream in the summer. No soft drinks and no energy drinks, as the bubbles are CO2.

We will also ban all plastic, because it comes from chemical factories. Everything made of steel and aluminum must also be removed. Have you ever seen the amount of energy a blast furnace consumes or an aluminum smelter? All bad for the climate!

We will replace her memory foam pillow top mattress, with a jute bag filled with straw, with a horse hair pillow.

And finally, she will no longer be using makeup, soap, shampoo, cream, lotion, conditioner, toothpaste and medication. Facewashers will all be linen, that she can wash by hand, with her wooden washboard, just like her female ancestors did before climate change made her angry at us for destroying her future.

In this way we will help her to do her part to prevent mass extinction, water levels rising and the disappearance of entire ecosystems.

If she truly believes she wants to walk the talk of the girl on TV, she will gladly accept and happily embrace her new way of life.

Regards,

(Name Withheld)

2020 Elections to be the Most Violent


QUESTION: The more I read that Trump’s opponents will resort to violence, I am amazed at your computer and how it has been putting all this together years in advance. Are we just pre-programmed somehow?

KF

ANSWER: I do not think it is the people who are pre-programmed. It seems to me that government inevitably turns to corruption. I believe the term limits are the only way to stop this and I am not sure if even that will be enough. What I do see is that given the same set of facts, the people will respond in an identical manner no matter what century we look at. To me, history repeats because the same set of patterns unfold and in the same precise order.

The Democrats are simply moving to extreme measures for socialism. They are turning to violence BECAUSE they have been losing ground. Our model shows that 2020 will be the most violent political election since the 1960s. It really does not matter who wins. Both sides will take to the streets and refuse to accept the victor. This nonsense that Trump is #NotMyPresident has simply invoked the exact opposite position where the Republicans will not accept a Democrat as president. This is what I mean when I say that civilization is collapsing and this leads to separatism.

The Killing Fields & Greenpeace’s Greta Thunberg


A reader reminded me that the leader of the Khmer Rouge, Pol Pot, embraced the same ideals we are listening to in the rising trend of socialism and climate change. Pot came to admire the tribes in Cambodia’s rural northeast. He saw these people were self-sufficient and lived on the goods they produced through subsistence farming. He embraced Marxism and saw modern society as evil, as we are hearing once again in the climate change movement.

The Cambodian tribes, from Pot’s perspective, were like communes that worked together and shared everything from their collective labor. He touted that they were the example of how life should be — untainted by the evils of money, wealth and religion

In trying to force society back to a rural commune, there was mass starvation that became known as the Killing Fields.

This is a reoccurring problem where people simply hate technology and want to force the world back to a simplistic life. If Cambodia serves as yet another warning of this admixture of socialism and climate, then indeed the future does not appear to be very bright when we continually have to confront these people time and time again. In Europe, you are not even allowed to criticize climate change. Already, it has become a religion and how dare you speak out against it for you are an evil person.

Greta Thunberg is being coached by Greenpeace’s Jennifer Morgan who attended Davos along with Al Gore. Greenpeace is funding  Greta and their donors are a long list of socialists. Greta showed up just days before the election in Alberta, Canada, to tell the people they should surrender their jobs because of climate change. What is even more fascinating is that this is not being covered at all in Europe. They are not allowed to report that Greta is being groomed by Greenpeace and they were not allowed to report that she was flown into Canada to try to influence the election.

Greenpeace has a long history of violence and now they found Greta to get attention like never before. They are strategically well aware that people will listen to Greta before they would ever listen to an adult. Greenpeace is out to accomplish a similar type of goal that was attempted in Cambodia. Back to a rural lifestyle, end fossil fuels, reduce the population and end technological evolution. As the Khmer Rouge, they too are Marxists who prefer to call themselves “Progressives” when in fact it is regression they seek to impose.

So while they launched a huge investigation about Russia trying to influence the US elections, not a single word will ever be reported about how Greenpeace is using Greta to get into governments and even Davos. Because she is a child, everyone is afraid to criticize her. Jennifer Morgan would NEVER get into Davos on behalf of Greenpeace. Greta is the key to the world. With Greta, they get about $20 million in donations to force the world onto the agenda of Greenpeace.

2018 Annual GWPF Lecture – Prof Richard Lindzen – Global Warming For The Two Cultures


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2018 Annual GWPF Lecture Prof Richard Lindzen Global Warming For The Two Cultures London 8 October 2018 Institution of Mechanical Engineers

CO2 Rate of Change


QUESTION:

Hi

I read this blog post and took a look at Nasa´s own homepage. Well, they are surely promoting this climate change hysteria.

What I would like to know is if it is declining according to these statistics how do they think they can get away with this scam?

Also when I look at the statistics it looks to me as if it´s actually increasing …?

Could you please explain

C

REPLY: The chart is the rate of change. These people are claiming this is a climate emergency. Taking NASA’s data, yes the PPM is rising but the rate of change has been declining. So there is no climate emergency. On top of that, the times where there have been spike correlate to war, not to the number of cars on the road. I have stated before that there is ABSOLUTE proof that carrots are deadly because every person who has ever eaten a carrot has eventually died. That is an undeniable correct statement. But omitted is the fact that even those who have never eaten a carrot has also eventually died.

The book that started all this nonsense was written by paleontologist Peter D. Ward entitled “Under a Green Sky” published in 2007. He theorized that the proposition of simply measuring the average CO2 concentration and concluding that CO2 was the reason for mass extinctions is a really questionable analysis. It is true that CO2 levels have been massively higher than they are today. Looking at his chart, we are at a historic low similar to the 5,000-year low in interest rates. Any uptick is by no means cause for the assumption that will become extinct in 12 years. Ward argued that the Permian Extinction event was distinguished with very high atmospheric CO2 (3,000 ppm) levels which created a runaway Greenhouse Effect. According to current measurements, we are at the 400 level.  There is not enough data to confirm his theory is correct.

Moreover, the 1930s saw the coldest period in modern history and that is when CO2 level rose the most. There was cooling, not warming. All the charts these people use are from 1850 forward. Historically, CO2 has been substantially higher well before the Industrial Revolution.

The chart I have shown is the rate of change, not the empirical level which they show. This is like a market that presses high but is running out of momentum. The rate of change is slowing down warning there is not climate emergency that these people are claiming.

I find it curious that the sharp increases in CO2 correlate to wars. It peaked in 1930s and began to decline. The 30’s were the coldest period.