Posted originally on Mar 19, 2025 by Martin Armstrong
The Democrats have long relied on class warfare to mislead the people. They want the masses to believe that their neighbors are their enemies rather the government who is pulling the strings. Bernie Sanders, 83, launched his “stop oligarchy tour” with an introduction from a transexual singer who deliberately mocked God, Jesus, Holy Easter, and Christians in general. Teaming up with Alexandria Ocasio-Cortez, they want to stir anger against Trump for having wealthy members in his administration.
John Fetterman once backed Bernie Sanders and the progressive movement, but has since changed his tune. Fetterman acknowledged that his party is completely out of touch with the average person. The average person is not well-versed on the term “oligarch,” Fetterman insist, and “oligarchs” are not the problem.
A reporter recently asked Fetterman if he was worried that Trump was surrounded by the wealthiest administration in US history. “I don’t think it’s so much about their wealth. It’s just because they might have some kind of the views or some things that I don’t agree, and they would push a lot of decisions and changes in our government that I wouldn’t support or would like to see happen in there too,” Fetterman responded. “So it doesn’t really follow their wealth for me. It just follows some of these kinds of core beliefs and the things that they’re willing to push and to do.”
Yes—Fetterman actually admitted that his party and Bernie’s entire platform is completely hypocritical. He noted that many of the billionaires who were once in tech were “more friendly to the Democratic interests.” Have we forgotten that Mark Zuckerberg used social media to completely manipulate the 2020 US Presidential Election, cover the Hunter Biden laptop story, deplatform conservative voices, and control the COVID-19 narrative? Alex Soros has shaken hands with nearly every member of the DNC. I won’t even begin to speak on Bill Gates.
In fact, far more billionaires support the Democratic Party than the Republican Party because the premise of far-left politics leads to equality for all—including everyone becoming equal in poverty while the wealthy hide behind fake virtue signaling charities to save face. Perhaps one of the most memorable debate moments in recent presidential history was when Donald Trump called out Hillary Clinton for permitting her billionaire supporters to use tax loopholes while demonizing the rich. The Democrats did not sign one piece of legislation to close these loopholes for the dreaded rich.
Sanders has not used his $15 million net worth to help the people. He has not offered to house migrants at any of his three properties. Remember that socialism requires YOUR money to temporarily function.
The Democratic Party has hit an all-time low in favorability at 29%. They are losing favor among working-class voters, especially in key swing states, due to economic mismanagement, inflation, and government overreach. A recent NBC poll showed that closing the border was Trump’s most popular policy to date. Biden used the migrant crisis and woke policies like DEI to force Americans to identify as anything other than Americans—divided we fall.
Posted originally on Mar 17, 2025 by Martin Armstrong
American households have been unable to pay off their debts. The Federal Reserve Bank of New York recently reported that household debt has reached a new all-time high at$18.04 TRILLION.
Americans acquired an additional $93 billion in outstanding payments during Q4 of 2024, with half of this debt finding its way onto high interest credit cards. Credit card debt has also reached a record high at $1.21 trillion. I reported in January that credit card defaults his a 14-year high after skyrocketing by 50% in a one-year period.
Donald Trump said during his campaign that he would like to cap credit card interest fees at 10%, perhaps for a temporary period. There are now bipartisan calls for companies to lower fees, with Congresswomen like AOC and Anna Paulina Luna both championing a 10% credit card cap.
Prior to the pandemic, Americans paid $120 billion annually in credit card interest fees from 2018 to 2020, amounting to $1,000 annually per household. In 2022, consumers were paying $105 billion in interest as it has become the main cost behind having a credit card. Rates on credit cards have doubled in a mere decade from 12.9% in 2013 to 22.8% in 2023.
The Federal Reserve Bank of New York’s February 2025 Survey of Consumer Expectations also found that Americans are highly concerned about missing payments, falling into delinquency, or losing their livelihoods. Consumers foresee inflation spreading across the board. In February 2026, the general public believes gas will rise by 3.7%, food by 5.1%, rentals by 6.7%, and medical costs by 7.2%.
Then, around 14.6% of Americans said they believed they would miss a minimum debt payment over the next three months. Americans have not expressed this much concern about missing payments since the early pandemic days of April 2020, when the mainstream media insisted the world was coming to an end.
Aggregate delinquency rates rose 0.1% over a one-quarter period. Mortgage balances increased by $11 billion, hitting $12.6 trillion by December 2024. When choosing between home or auto payments, consumers are prioritizing shelter. Auto loan balances also experienced an $11 billion increase, rising to $1.66 trillion in Q4 2024, but serious delinquencies on auto payments have risen substantially.
Student loan balances increased by $9 billion, and now sit at $1.62 trillion. Students who once thought their loan debt would be forgiven have been notified that their future social security payments will be garnished by the government if they fail to pay.
Most households are a few missed payments away from financial ruin. In fact, 47%, nearly half, of American households currently live paycheck to paycheck. Americans are in an extremely delicate financial situation right now, and this looming debt crisis will not disappear.
Posted originally on Mar 16, 2025 by Martin Armstrong
COMMENT: You say you do not advise Trump. But whatever you seem to project, he does. Others seem to be copying your forecasts, even debt ad ___ suddenly says the default comes when you can’t sell the debt. Interestingly, they do not have the historical examples or the database that you do. So, how does this work? Are you the source for everyone?
PD
REPLY: I do not advise Trump. Yes, many near him take our reports. I know many take our research and pretend it is their own. Impressive, they do not have the staff to back up even collecting such a database. That is life. Even President Biden was said to have plagiarized people to climb the ladder of success. Just ask them for the historical facts to back up what they pretend is theirs. People can search for things fast these days to see the author of anything.
Only with a database was it possible to see capital flows. Even the CIA admitted to me that I invited that. Sovereign Debt defaults, who, when, how, and why, all came from analysis of ancient to medieval economies. It cost me tens of millions of dollars to assemble the coinage to see what was NOT recorded by historians definitively.
Over the years, I have bought hoards of ancient coins just to see snapshots of what was in circulation and when. I have even helped to rewrite history with coinage that is not opinion. Even the extent of Mark Antony’s coinage funded by Cleopatra was still the most common coinage discovered in a hoard buried 100 years later in Pampei. It is a joke that someone can stand up pretending something is their research without the database or even the staff.
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