Posted originally on Jun 7, 2024 By Martin Armstrong
COMMENT: It was great seeing you here in Europe. It was even more interesting to see how the central banks are starting to use the ECM rather than wait six to nine months before acting. Back in 2007, your model turned in February, but the Fed Funds Rate did not drop to 3% until one year later. I agree; you are impacting even though you cannot say who is or is not following your forecasts at that level.
Yesterday, the ECB lowered interest rates for the first time since 2019 during your target week of June 3. This represents a significant shift in the global economy’s monetary policy. With your Panic Cycle for the Fed meeting, it looks like they will follow suit.
Congrats. You are starting to get recognition for 50 years of work after the bankers tried to shut you up so they could constantly blow up the economy.
Paul
REPLY: Thank you. It was great to see you. With Keynesian Economics failing, rational men must look at other things. It is time we recognized that the Business Cycle incorporates everything from climate and weather to civil unrest and war. You CANNOT manipulate those things by raising and lowering interest rates to create perpetual prosperity, even under the Gold Standard, which failed because they could not prevent inflation when massive gold was discovered in the 19th Century in California, Alaska, and then Australia.
Even when all the gold was pouring into Europe from the discovery in the New World, it wreaked havoc on the European Economy, causing major inflation. In the end, Spain became a serial defaulter and successfully, through fiscal mismanagement, converted itself from the richest nation in Europe to a third-world country. Sound familiar?
Even Schumpeter attempted to explain the Business Cycle as waves of innovation. Someone invents something that takes the economy to new levels—steam engines, combustion engines, tractors, airplanes, and the Internet, to mention just a few. These aspects are not in the quiver of central banks to control. Paul Volcker conceded that the Business Cycle is about eight years. I had a long discussion about that with Paul back in 1999. His Rediscovery of the Business Cycle outlined how Keynesian Economics failed back in the 1970s. Even the previous Chairman of the Fed admitted that the Business Cycle ALWAYS wins.
It is time to Understand the Business Cycle and Learn How to Live With It!
Politicians Have to Wake Up – Socialism Destroys the Economy – Get Over It!
Posted originally on Jun 7, 2024 By Martin Armstrong
The role of undersecretary of state for political affairs has been vacant since Victoria Nuland resigned in March. President Joe Biden has just asked Julianne Smith to fill the position. The Senate Foreign Relations Committee strongly supports Smith and is likely to appoint her. Who is the potential new queen of the US neocons?
Smith is the current US ambassador to NATO and has served in this role since November 2021. She formerly worked as a top advisor to Secretary of State Antony Blinken, who is keen on entering war with anyone, be it China, Russia, or the Middle East. She served as a deputy national security advisor under Obama as well from 2009 to 2012. In 2010, Smith co-wrote the “NATO Strategic Concept” with Hillary Clinton and Robert Gates that discussed safeguarding freedoms by remaining on the offensive rather than the defensive. The document also discusses climate change and a key enemy of NATO.
Enhancing civilian-military planning was discussed at the time, as well as developing local forces in potential crisis zones. They sought to train civilian specialists from separate member states to work alongside military personnel. It also declares that as long as nuclear weapons exist, NATO will remain a nuclear powerhouse. Their plan for world peace, which the neocons simply do not want, is to disarm the rest of the world so that only NATO may be in control.
“With the changes in the security environment since the end of the Cold War, we have dramatically reduced the number of nuclear weapons stationed in Europe and our reliance on nuclear weapons in NATO strategy. We will seek to create the conditions for further reductions in the future.”
As I explain in “The Plot to Seize Russia,” Russia has been the apple of the neocon’s eyes for many decades. Even in 2010, they were fixated on limiting Russia’s power:
“In any future reductions, our aim should be to seek Russian agreement to increase transparency on its nuclear weapons in Europe and relocate these weapons away from the territory of NATO members. Any further steps must take into account the disparity with the greater Russian stockpiles of short-range nuclear weapons.”
Later adding:
“NATO-Russia cooperation is of strategic importance as it contributes to creating a common space of peace, stability and security. NATO poses no threat to Russia. On the contrary: we want to see a true strategic partnership between NATO and Russia, and we will act accordingly, with the expectation of reciprocity from Russia.”
The document also mentions strengthening relations with Ukraine although does not discuss admittance into the alliance. Biden declared in a speech on D-Day that Ukraine membership into NATO would not be up for consideration, however, that is not what the others are discussing.
Julianne Smith is prepared to fill Nuland’s shoes. She has long seen Russia as an enemy of the United States and Europe, and is in agreement with the likes of Clinton and Blinken. She is part of the globalist cabal that believes we should have a global military presence. No one expected a rational person to fill this role as the plan has always been to create the next world war.
Posted originally on Jun 6, 2024 By Martin Armstrong
The defund the police movement was so effective that countless agencies are struggling to fill job vacancies. So we have politicians who demonized the police, philanthropists who funded mobs who chanted for their demise, and non-citizens running rampant, committing attacks on officers without consequence. The police are unable to implement law and order because divisive practices and an uptick in crime have become political tools.
ZipRecruiter conducted a new survey that found law enforcement training has become the hardest skill to find for employers with 13,179 vacancies. Some cities have resorted to completely shutting down their operations, such as the Pittsburgh police who have some precents completely vacant from 3 AM to 7 AM ET. “One hundred percent, this is about staffing,” said Robert Swartzwelder, president of Fraternal Order of Police Lodge No. 1. “You have a recruitment, retention and rhetoric problem.” The Pittsburgh police force has declined by around 40% in recent decades as more officers quit or seek retirement. We are seeing this happen across the United States.
Governments fall when the police no longer offer them protection. This is one of the reasons why some cities are pushing to fill officer vacancies with migrants. All it takes it the police to side with the people over the government for everything to collapse.
This entire issue of rioting against the police is historically part of the Revolutionary Cycle that takes place in five stages:
The FIRST STAGE in a revolution is always the rise of intellectual whistleblower disagreement, which the government simply ignores as a passing phase. This stage is the realization of corruption and injustice of governmental rule. Perhaps the symbolization of this was the revelation of Edward Snowden that the government was violating the constitution and abusing its power against the people, constructing a 100% surveillance state tapping into every phone call and email account of every citizen. Then there was the British whistleblower Katharine Gun, who they charged but could not put on trial without exposing themselves. They labeled both as traitors as if the government possessed inherent power of sovereignty and the people were the great unwashed economic slaves.
The SECOND STAGE is where the intellectual debates prove pointless, and the initial conflict begins. This corruption has run its course, and governments have transformed justice into their own self-interest. This stage is usually accelerated by governments raising taxes in the midst of an economic decline. The economic hardships may vary per individual, but as a whole, they will tend to focus upon the prosecutorial arm of government, which includes the police, who will far too often claim they are moral under the pretense of simply following orders.
This is when history will typically produce some leader who can be a moderate who sees the problem and will often try to reason in order to reach a resolution that is ignored by the government. This further intensifies the feelings of injustice, especially in light of the economic decline. The leadership can also be seized by extremists who demand complete change, such as Lenin. This initial stage results in the first demands change with protests rising. The mobs rarely are able even to articulate the reform because they then make demands that they want certain actions that go far beyond what they actually need. This is where mobs will often turn to revenge rather than justice. Governments will typically refuse to reform and become often very defensive.
Therefore, the second stage is one of rising protests and discontent with initial confrontation against the government who relies upon the police state they have created. As long as the police continue to support the government against the people, this will inevitably lead to the next revolutionary stage.
The THIRD STAGE is where it often becomes an outright war in the streets as governments seek to retain power and refuse to see the error of their ways. In revolutions like the Nika Revolt of 532 AD, the police side with the people or stand back. In the case of the Ukrainian Revolution against Yanukovich, once the police saw that the people coming to the aid of the president were Russians, the police switched sides and supported the people. In the case of the Nika Revolt, the government called in the army, who then massacred the people and the police. In the case of the American Revolution, the central power was in England and not local. This allowed the local authorities to differentiate themselves from the British.
The FOURTH STAGE is retribution in a domestic revolution in direct confrontation with the government and head of state. In the case of the American Revolution, the head of state was not within reach. However, they confiscated property and hung those who supported the king. Of course, in the case of the Russian Revolution, they executed the entire Romanov family. This is the phase of evening the score for years of suppression and injustice.
The former head of state is often publicly killed, and typically all their ministers. This was the case not just during the Russian Revolution but the French Revolution with Louis XVI and his wife and the English Revolution, where they seized King Charles I and beheaded him in public as well. There have also been incidents of assassination even after a loss, as was the case with Abraham Lincoln in 1865.
The FIFTH STAGE is typically the recovery stage, where a new form of government emerges from the ashes. The intelligent political moderates take power, as was the case in the United States, typically based on the ideas of some Utopian system. Once again, this differs insofar as the political power was in England rather than America, so there was not a wholesale murder campaign of all former ministers. In the case of the French Revolution, after the retribution stage, even the moderates were killed by the radicals led by Robespierre, who seized control. As the French Revolution fell into the hands of Robespierre (1758-1794), he began a Reign of Terror (September 5, 1793-July 27, 1794) that would come to an end with his own death. This was followed by more uprisings and eventually the French Constitution was drafted (August 22-September 23, 1795), and approved with the Directory taking power.
During this recovery stage, the radicals are usually overthrown, and sometimes, a new head of state emerges, such as Napoleon or Oliver Cromwell. In the case of the United States, where the former head of state was not local, the bureaucracy began, and we saw the rise of political parties. Divisions emerge once again between opposing political views. At this point, there is the restoration of a sense of nationalism, but the cycle of corruption slowly begins to take root.
We are currently in the second stage of the revolutionary cycle and rapidly heading toward stage three as discontent grows.
Posted originally on Jun 6, 2024 By Martin Armstrong
The press is starting to actually report that Biden is losing it. This is how they float a balloon to see if it will fly. The August Democratic Convention has been rumored for some time that they will DRAFT someone else to replace Biden. He swore he would never debate Trump. This may be setting the stage for him to step aside. The Neocons are delighted with Hillary, for she has been among the Neocons all along. She will have no problem nuking Russia.
This will certainly make things interesting. Bill Clinton actually had cigar sex with an intern in the Oval Office when he was President! There was a phone call when he was getting a Hummer, and he commented on the phone that he was sitting on the floor in the Oval Office on the seal of the USA at that moment.
As the Washington story went, that is why the Republicans made a big deal out of his actions. Everyone had encounters with staff or lobbyists. The staff of John McCain was very concerned about him and a lobbyist. However, Bill Clinton lied to the American people about it on national television. He paid off Paula Jones $850,000. That was far more than Trump paid Stormy Daniels, who was NOT even an intern as Monaca and the famous blue dress. Vlinton’s $850,000 payment to get rid of a sexual harassment claim while he’s President had NO criminal court charges for what was the same thing. Why was Clinton deemed exempt from what happened with Trump and Stormy?”
The Democrats have been praying that the Criminal Convictions of Trump on these issues, which have nothing to do with his performance as President, are greatly disappointing. People are seeing through this onslaught against Trump, which the Neocons keep pushing for World War III ASAP. A vote for the Democrats is clearly a vote for war. If Hillary gets in, you better dig a bunker real deal under your house.
The polling averages haven’t budged in the direction that Democrats were hoping. At RealClearPolitics, Trump led Biden in head-to-head matchups by 0.8 percent on May 30, the day of the guilty verdict. Now, his lead is at 1.1 percent. In five-way surveys that include minor candidates, Trump’s lead at RCP has dropped from 2.2 percent on May 30 to 2.1 percent now. FiveThirtyEight’s average of pollsthat include Biden, Trump, and Kennedy show the Republican’s lead slipping marginally from 1.7 percent on May 30 to 1.4 percent now.
Our computer has projected a Republican win on 4 out of 6 models. Two are quite dramatic. I still cannot see how the Neocons will allow Trump to win. There goes their dream of World War III. We are running our models on the likely outcome. This may end up being very surprising to many. We will let you know when it is ready.
Posted originally on the CTH on June 1, 2024 | Sundance
(VIA DOJ – May 31, 2024) – […] As alleged in an indictment unsealed today, from 2020 to 2022, Robert Burke, 62, of Coconut Creek, Florida, was a four-star Admiral who oversaw Naval operations in Europe, Russia, and most of Africa, and commanded thousands of civilian and military personnel.
Yongchul “Charlie” Kim and Meghan Messenger, both of New York, are the co-CEOs of a company (Company A) that provided a workforce training pilot program to a small component of the Navy from August 2018 through July 2019. The Navy terminated a contract with Company A in late 2019 and directed Company A not to contact Burke.
Despite the Navy’s instructions, Kim and Messenger then allegedly met with Burke in Washington, D.C., in July 2021 in an effort to reestablish Company A’s business relationship with the Navy. At the meeting, the charged defendants allegedly agreed that Burke would use his position as a Navy Admiral to steer a sole-source contract to Company A in exchange for future employment at the company. They allegedly further agreed that Burke would use his official position to influence other Navy officers to award another contract to Company A to train a large portion of the Navy with a value Kim allegedly estimated to be “triple digit millions.”
In furtherance of the conspiracy, in December 2021, Burke allegedly ordered his staff to award a $355,000 contract to Company A to train personnel under Burke’s command in Italy and Spain. Company A performed the training in January 2022. Thereafter, Burke allegedly promoted Company A in a failed effort to convince a senior Navy Admiral to award another contract to Company A.
To conceal the scheme, Burke allegedly made several false and misleading statements to the Navy, including by creating the false appearance that Burke played no role in issuing the contract and falsely implying that Company A’s employment discussions with Burke only began months after the contract was awarded.
In October 2022, Burke began working at Company A at a yearly starting salary of $500,000 and a grant of 100,000 stock options. (read more)
Posted ORIGINALLY ON Jun 1, 2024 By Martin Armstrong
This man is neither a politician nor a leader. He is a comedian, an actor who scored his leading role after being hired by the West to act as if he were the president of Ukraine. The world is one giant stage.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America