Armstrong Economics Blog/BRITAIN
Re-Posted Jul 24, 2019 by Martin Armstrong
Boris Johnson has been elected as the new Prime Minister of Britain and he has promised to take Britain out of the European Union “come what may.” Jeremy Corbyn says Labour will table a motion of no confidence, designed to force Boris Johnson from office “at a time of (their) choosing,” adding “it will be an interesting surprise for all of you.” That is the main concern that if Labor gets a hold of the government, Britain will see a massive exit of capital and Corbyn will single handedly destroy the British economy, which has been the concern behind in the decline in the pound sterling.
Boris Johnson beat Jeremy Hunt in the battle for the leadership of Britain’s governing Conservative Party winning 66% of the vote. Although the Conservatives’ working majority in Parliament is very small, it appears to be enough to ensure that Mr. Johnson will succeed Mrs. May as prime minister and Labor will not be able to stop that at this point in time.
What is very interesting is that our computer gave us two targets — May and July 2019. Prime Minister Theresa May said she would step down as leader of the Conservative Party and then as prime minister after repeatedly failing to get her Brexit plan through Parliament on May 24th, 2019. The next target was July, and here we have Boris Johnson elected. Now we are looking at October and December going into year-end.
Boris Johnson Wins Party Vote Becomes Newest British Prime Minister…
Boris Johnson has succeeded in beating his nearest rival Jeremy Hunt for leadership of the conservative party in the U.K. thereby becoming the next Prime Minister. One of the priority challenges for Prime Minister Johnson will be navigating a successful Brexit.
A full three years after the British electorate voted to leave the European Union, the elites in Britain have continued to stymie the referendum in their effort to remain attached to the communal values of the collective society. Thus gave rapid rise, recently, to the Brexit Party as a national force led by Nigel Farage. It’s the UK version of ‘deplorables’ vs ‘elites’.
The British Parliament is filled with elected members who stand in opposition to the majority of the British citizenry. It is amid this professionally political and elitist disconnect that Boris Johnson must now attempt to deliver Brexit, while the purchased politicians of both institutional parties will oppose his effort. [Sound familiar?]
London (AFP) – Boris Johnson won the race to become Britain’s next prime minister on Tuesday, heading straight into a confrontation over Brexit with Brussels and parliament, as well as a tense diplomatic stand-off with Iran.
The former London mayor easily beat his rival, Foreign Secretary Jeremy Hunt, in a vote of grassroots members of the governing Conservative Party.
He is expected to be confirmed as prime minister on Wednesday when Theresa May formally tenders her resignation to Queen Elizabeth II.
US President Donald Trump was the first world leader to offer his congratulations, saying: “He will be great!”
It is a triumph for a man who has always coveted the premiership. But Johnson, known for his jokes and bluster, is taking over at a time of immense political upheaval.
Three years after the referendum vote to leave the European Union, Britain remains a member amid continued wrangling in a divided parliament on how to proceed.
– ‘We’ll get Brexit done’ –
Johnson led the referendum “Leave” campaign and — after May delayed Brexit twice — insists the latest deadline must be met, with or without a divorce agreement with the EU.
“We’re going to get Brexit done on October 31,” he declared in a speech to party members in London, after winning 66 percent of almost 140,000 votes cast. (read more)
Here is Johnson’s victory speech. [Prompted, just hit play]
Europe Bans Natural Gas in New Homes
Armstrong Economics Blog/Climate
Re-Posted Jul 23, 2019 by Martin Armstrong
COMMENT: Regarding: California Economy Declining Significantly
In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with sneaky planned laws ( which the common people not have noticed yet )
KP
REPLY: Natural gas is the cleanest fuel and it is cheap. It is really amazing how these environmentalists want to force people into electricity, and then come up with a way to block that somehow. This is all about stopping population growth. What’s next? Are they going to support wars to create genocide to save the planet
California Economy Declining Significantly
Armstrong Economics Blog/Economics
Re-Posted Jul 22, 2019 by Martin Armstrong
California is the center of the far left which takes the position that even undocumented aliens can hold a position in government, they support sanctuary cities, and of course, they are the major movement in the New Green Deal initiative. Berkeley, California banned natural gas which is a clean fuel requiring homes to be powered by solar and electricity, that is normally twice the cost of natural gas. Then they hired a guy to enforce it and gave him a salary of $273,341 annually to start – plus pensions.
The state is mandating that beginning next year, every new home must be fitted with solar panels, raising the cost of a new home by at least $10,000. Higher home prices, higher electric bills, fewer choices are hoped to reduce population growth. The claimed logic behind the Berkeley ban maintains that they can help the planet and reduce carbon emissions by eliminating natural gas and switching to electric heating and cooking. This is erroneous since the electric grid is powered predominantly by fossil fuels. The state prides itself on having very little coal use, but it imports electricity from neighboring states like Utah and Arizona where it is generated by coal. The scam is to buy electricity from other states displacing the emissions from California and pretending they are a “Green” state, provided you do not look too close.
The environmentalists are now pushing 50 other cities to follow the lead of Berkley. It’s no wonder families are fleeing the state, and that California is led only by New York in out-of-state-migration. The worst of all is who can migrate. During the Panic of 1893, President Grover Cleveland made a critical observation. Raising taxes hurts the average person for the “rich” can leave and export their wealth. The average wage-earner cannot export their labor. All the studies show that people who earn more than $1 million a year are much more likely to migrate than any other class. Even the Governor of New York Governor Andrew Cuomo has made the same observation and warned that raising taxes on the rich only results in their migration from the state.
California’s economy looks like that of France or Germany whereby the peak in economic growth was 2000. We can also see that the last peak was 2015 perfectly in line with the Economic Confidence Model. The long-term projections for California are actually lining up with the European Union and this seems to imply that the adoption of such socialistic policies that ignore economics is detrimental long-term. Even CALPERS, California pension system for state employees, was directed to invest in “green” projects for political reasons and lost. They have been trying to cover-up their politically correct investment decisions.
Are the Neo-Cons in League with Israel?
Armstrong Ecomics Blog/Middle East
Re-Posted Jul 21, 2019 by Martin Armstrong
QUESTION: Do you think the neo-cons who pushed the Iraq War and are pushing to annihilate Iran now, are covertly in league with Israel?
Anonymous
ANSWER: There is an agenda among the neo-cons who WRONGLY believe that overturning various Arab governments and installing democratic systems will protect Israel. I disagree with that philosophy and I believe that they have manipulated the US government into a dangerous agenda. This is why they have been against Trump because he does not want to send American soldiers to the Middle East for an agenda that offers no benefit to the United States whatsoever.
Yes, people speculate that the Israel government is covertly behind the neo-cons, whereas many Israeli people just want peace. I have not seen any direct evidence of that. I do know some of these neo-cons and have had face to face discussions with them over the years. I believe they are seriously wrong and have placed the world into a state of high risk. Their policies have polarized the relationships between the USA and Russia, which is not in the interest of world peace. I have stated many times, my view is simply that war no longer remains valid from a historical perspective. It used to be about conquest and empire-building. Today, nobody wants to occupy their opponent. I see no purpose to war economically. but it has come down to nothing more than a schoolyard brawl where people fight simply because they do not like the other person. There is nothing to gain from this nonsense.
Pay Attention Millennials – Bernie Sanders Will Cut Campaign Worker Hours to Achieve $15 Hour Wages…
July 21, 2019
Hopefully the Che’ T-shirt crowd will see the logical outcome to the proposed wage/benefit schemes of the socialist ideologues by watching how Bernie Sanders plans to increase campaign workers pay to $15/hr, by cutting their hours – not actually increasing wages.
After coming under fire for not delivering on his promise to pay campaign workers $15/hr, communist Bernie has a solution: Cut their hours. Then workers will be forced to get another job.
Perhaps, just perhaps, democrat voters will notice this was/is the outcome of the Obama economic wage/labor scheme that led to people having to get two and three jobs. An outcome those same democrat candidates openly rail against in talking points.
WASHINGTON – Democrat presidential candidate Bernie Sandersannounced this weekend he will cut staffers’ hours so that they can effectively be paid a $15-an-hour minimum wage, prompting mockery from critics who say the move is more evidence that Sanders’ plan to raise the national minimum wage is hypocritical and would only lead to less work and more unemployment.
The Washington Post first reported last Thursday that Sanders’ field staffers were upset that Sanders championed a $15 minimum wage on the campaign trail, and made headlines for railing against major corporations who pay “starvation wages” — even as his own employees made “poverty wages.” (read more)
Ironically this approach hearkens back to the historic outcome of socialist policy. Capitalist Bernie is rebuking Communist Bernies’ labor talking points.
Additionally, Bernie is including non-compensatory benefits (healthcare etc.) as part of the overall $15/hr compensation package…. Yes, more natural outcomes.
[Bernie] went on to say that the union contract “not only provides pay of at least $15 an hour, it also provides, I think, the best health care benefits that any employer can provide for our field organizers.”
Those healthcare benefits are included in the $36k/yr pay package that belays the $15/hr wage point. 2,000 hrs (40 per week x 50 weeks) worked at $15/hr is $30k, with $6k in benefits. If benefit costs increase to $8k worked hours need to be reduced to keep the $15 standard. A capitalist outcome Communist Bernie has railed against, yet now applies.
Brianne Pfannenstiel✔@brianneDMR
Bernie Sanders says his campaign will limit the hours staffers work so they are paid the equivalent of $15 an hour. “I’m very proud to be the first presidential candidate to recognize a union and negotiate a union contract,” he told me. https://www.desmoinesregister.com/story/news/elections/presidential/caucus/2019/07/19/bernie-sanders-campaign-staff-wage-15-hour-union-elizabeth-warren-campaign-wages/1781159001/ …
Bernie Sanders defends staff compensation after complaints his campaign isn’t paying $15 an hour
“It does bother me that people are going outside of the process and going to the media,” Bernie Sanders told the Des Moines Register. “That is really not acceptable.
desmoinesregister.com
neontaster@neontasterThis reminds me of that take about how farmers in the USSR had more vacation time than people in the US now.
The point of raising the minimum wage is that so PEOPLE MAKE MORE MONEY, not make the same amount of money and have 3 days off a week, you dolt. https://twitter.com/not_bullwinkle/status/1152991773070962688 …
Bullwinkle J. Moose@not_bullwinkle
even for neontaster this is staggeringly dumb
is he seriously saying that getting the same amount of money for less work is not a benefit?
there’s more to life than how much you make in a year https://twitter.com/neontaster/status/1152971027930124290 …
The Worst Heatwave was the 1930s
Armstrong Economics Blog/Climate
Re-Posted Jul 20, 2019 by Martin Armstrong
QUESTION: Marty, wasn’t the Dust Bowl the worst heatwave in history?
DL
ANSWER: Yes, you are correct. Despite the hype this weekend, the heatwave is nowhere near historical records. The peak was the 1930s which created the Dust Bowl. The agenda is clear and these people will use every heatwave to end civilization as we know it. We even have AOC claiming we will all die in 12 years unless we surrender all cars and airplanes and stay home and just read books because even the TV and internet require power generation.
These people have put out a warning using this weekend’s heatwave.
We must act decisively to cut
heat-trapping emissions to defend
ourselves against a gravely hot future.
Their Report: killer-heat-analysis-full-report.pdf
Flashback: Former Secretary of State John Kerry Admits Giving Hostile Instructions to Iran to Undermine U.S. Interests…
July 19, 2019
With Iran now openly engaged in hostile efforts against western maritime navigation, and hijacking western oil tankers, I find it remarkable -albeit predictable- how U.S. media refuse to reference Former Secretary of State John Kerry’s instructions to Iran just a few short months ago. [Reference Article late 2018] [Reference article early 2018]
Reminder of Secretary of State Mike Pompeo’s anger:
.
There is a direct line, a direct connection, between former President Obama and former Secretary Kerry’s engagement with Iran -and the advice presented therein- only a few months ago, and the current hostile conflict Iran is attempting. Yet despite the connection, U.S. media are silent on the association.
It’s the Volatility – not the Temperature!
Armstrong Economics Blog/Climate
Re-Posted Jul 19, 2019 by Martin Armstrong
QUESTION: Mr. Armstrong, in relating your comments on weather and how the winters will spike to record cold and then the summers will spike to record highs, is this the same as a panic cycle in markets?
HC
ANSWER: Yes. Our computer looks at the weather the same as it does with the price in a market. Patterns emerge and you can understand the causes ONLY by correlating the trends with everything else. This is indeed a Panic Cycle where we exceed the previous high and penetrate the previous low. This coming weekend will see temperatures break 100 in the Northeast. I have lived in New Jersey and there were plenty of summers where we have days at 103. This is NOT abnormal. What is abnormal is the volatility how we can go from a winter where it was colder in Chicago than it was in Antarctica and then we break the record highs in July. It is the VOLATILITY – not the empirical level of temperature we should be paying attention to
The Media Protecting Ilhan Omar’s Obviously False Presentation of Family is a Gift To President Trump…
July 18, 2019
The 2019 U.S. media are akin to the Monty Python “killer rabbit” skit, as every broadcast and print publication runs away from anything that might be adverse to their political interests. Oh noes, run away… run away… Yes, at this point it really is comical.
An armed Antifa terrorist can attempt to use home-made bombs to attack an ICE detention center, get killed in the process, and leave behind a manifesto that actually quotes Democrat Representative Alexandria Ocasio-Cortez as his motive to stop the “concentration camps”, and the media flee from coverage…. “run away“. Meanwhile the world comes to an end over a Trump tweet with apoplectic wall-to-wall coverage.
The entire landscape of 2019 media is a skit beyond mocking; thus the transparently false story behind the life of Hamasketeer #2, lhan Omar, is yet another visible part of this ridiculous pantomime. It is obvious the story of Omar’s husbro marriage was intended to manipulate the refugee visa program to the benefit of her brother. However, now it surfaces that Omar isn’t even a member of the refugee family she used to escape Somalia:
Steinberg Research Article Here
…’I am legally married to one and culturally to another’… (link)
Representative Ilhan Omar’s visa manipulation by faux-marriage is a process similar to the visa-fraud process used in the San Bernadino terror case involving Syed/Tashfeen Malik, and faux-marriage Tatiana Farook. [Same with Orlando Pulse nightclub terror case involving Omar Mateen and Noor Salman.]
The longer the mainstream media tries to run away from the obvious truth behind the Ilhan Omar refugee/visa scam, the more ridiculous they look doing so.
The UK Daily Mail has already outlined the fraud [SEE HERE], the Star Tribune has already outlined the fraud [SEE HERE], and a host of other research, including documents to evidence the fraud has been brought to light; just like the Powerline Article.
At this point, the media’s refusal to admit Ilhan Omar lied to escape Somalia; and then lied again -via marriage- to get an entry visa for her brother, while being married to another man, just makes the media look even more political and more manipulative.
The end result, this helps frame the truthfulness behind the term “Fake News”.
Centinel2012 