California Bans Porsche Sales – to Save the Planet of course

Armstrong Economics Blog/Regulation Re-Posted Jun 24, 2021 by Martin Armstrong

I have always been a sports car nut. I use to say the day I get an automatic, it’s time to die. Well, thank God I do not live in California. They have just outlawed manual transmissions. You cannot order a Porshe with a manual transmission in California. So exactly where does this lead? Will you eventually have your car confiscated if it’s manual in California? What if I buy one in Vegas and drive it to California? Would I get a ticket and have my car confiscated?

This is how society crumbles. Decisions are made by bureaucrats who are never put to a vote in any democratic manner. This is how tyranny flourishes. California has just entered the twilight zone.

Are Veterinarians Part of the Insanity?

Armstrong Economics Blog/Disease Re-Posted Jun 24, 2021 by Martin Armstrong

In trying to taker my dog to a Vet, I have encounter unbelievable arrogance and stupidity. Now, still, 9 out of 10 will not allow you to bring your pet inside. You have to call them from a numbered parking spot and then they come out and take your pet. You have to wait in the car. I lost my cool by the 3rd one. They said they are trying to keep themselves safe. I simply lost it. I can go into a doctor’s office anywhere. I may have to put on a mask, but at least I can walk in a see a doctor. For these vets to still cling to the old decrees of Fauci is unbelievable. I simply refused to do business with them and I hope everyone else does the same. It is this stupidity that has ruined the country and as medical professionals, there is NO EXCUSE. Even when I went to the dentist they were joking that the common cold is a coronavirus and they cannot cure that either. The survival rate is also over 99%. They are a disgrace to their profession.

Corruption Behind COVID

Armstrong Economics Blog/Corruption Re-Posted Jun 24, 2021 by Martin Armstrong

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COMMENT: Hello Martin
When are these bastards going to get their day? I have friends neighbours that have taken the vaccine and all of a sudden they are feeling bad. high blood pressure, low haemoglobin levels, dizziness, headaches extreme menstrual bleeding. They still do not mention that it may be the vaccine. In fact I do not even think they have put the pieces together that it may be the vaccine that has caused it. I am thankful everyday that my family brothers sisters mother nieces nephews could smell this bullshit from the beginning. When will these parasites be dragged out for what they have done? As you have said you have a lot of contacts political financial etc. Indeed resistance is not futile. Surely these people must know whats going on? It only takes one person to set the ball rolling.
I am thankful for your unbiased reporting everyday. You could have just walked away and enjoyed your life but you did not.
My sincere gratitude and all the best from Scotland

REPLY: I think that they rigged the election to get the PERFECT team — Biden & Harris. The two of them would have to form a committee to figure out how to change a lightbulb and worry it was brighter than both of them put together. I am not saying that from a partisan perspective. The real powers behind the curtain who write these executive orders are counting on the fact that Biden does not put two and two together. Yet in Russia, even they have succumbed to this madness. They are now saying you must have proof of a vaccine to enter a bar or nightclub.

I fear a lot of the politicians really have no idea what they have done. All they are doing is following the money and lining their pockets. My greatest fear is they know very well how to manipulate politicians. They will NEVER admit to a mistake. I have told the story of how I advised Lady Thatcher. When she was run out of office and John Major took over, the agenda was to terminate the pound and join the euro. They entered the ERM and overvalued the pound, which made Soros famous and rich by shorting that. They called me to asked what the computer said if they could hold the pound against Soros & the Club’s attack. I told them Major had to devalue. They immediately replied that he could not, for that was a campaign promise he made. I then told them to allow the pound to float to seek its own level, and they said it was brilliant. It was the very same thing except the free market would do it, not John Major. That is what I mean about never admitting to a mistake. I have been called in so many times because I understand the game.

mRNA vaccine review final

There have been no specific guidelines for even how to use messenger RNA (mRNA) vaccines or contraindications to mRNA vaccines. There have also been NO large trials of any mRNA vaccine completed yet. Why would government subject its entire population to a vaccine for a virus that has less than a 1% death rate? This makes no sense. Some claim those vaccinated will be dead within two years and they will then be able to indoctrinate the children to be green economic slaves who have no memory of freedom. Interesting theory, but that is something more in line with the character of Bill Gates or Schwab. It is hard to believe politicians would knowingly sign up for that agenda.

My fear is that the politicians were bought and paid for with an endless supply of money, and we can assume who has been funding things behind the curtain. Slowly as we turn, little by little emerges. It turns out Google was funding the very research on viruses in Wuhan through its charity. I don’t know that they even knew what they were funding. There are even motions flying around in Washington to fire Fauci. Others have been calling for his resignation, and the fact that he does not shows he is connected. Of course, the Democrats will refuse because they would have to admit they trusted the wrong guy. Even in Germany, the former health minister is calling for an investigation of Merkel. Meanwhile, there are rumors that Merkel is seriously sick after taking a vaccine herself.

These vaccines are emerging as a real danger. From Israel, they are being linked to blood diseases. Then there are people claiming these vaccines are causing infertility. In Australia, their top health official is urging people to take the second shot for the risks of blood clots and infertility is low. Then there are stories that 19 days prior to the official announcement Covid-19 was a “pandemic,” drug giant Moderna sent COVID “vaccine” samples to the University of North Carolina. Other reports claim the virus has never been isolated. Then there are questions arising asking what does Bill Gates, GAVI, Genfleisch, ID2020, and the tobacco industry all have in common with corona vaccinations?

If that is not bad enough, children being made to wear masks may be getting sick just from the masks. The University of Florida Lab discovered very dangerous pathogens were developing on children’s face masks. Then there is a very mysterious bird flu in the United States with birds dying in record numbers.

Since these forecasts are NOT my personal opinion and they come from Socrates, this is not a future I wish to see. All I can do is stand up for my family and not yield to this nonsense that they refuse to address seriously. All dissent is blocked, censored, canceled, and labeled a “conspiracy theory,” which means they are hiding something and refuse to answer the question.

John McAfee is Dead – Targeted for Selective Presecution

Armstrong Economics Blog/Opinion Re-Posted Jun 24, 2021 by Martin Armstrong

John David McAfee (1945 – June 23, 2021) is dead. He allegedly committed suicide in a Spanish jail cell where he was awaiting extradition to the United States. Tennesee charged him with 10 counts of tax evasion and in New York City, he was charged with securities fraud for advocating cryptocurrency in which he had a position and then sold into the rally. That they can call a pump and dump. I knew John. We both were speakers at the American Hackers Convention. Many called him eccentric. I always found him to be courteous and he had offered his support in my ordeal never having any fondness for the government.

John made this video in July 2020. I believe anyone involved in cryptocurrency who owned it and then touted it and sold it into a rally could be criminally charged under this theory. This is why to be an adviser at my level, I cannot have any conflict of interest. Those in the private sector are held to a different standard. What John is saying here is true, for which they most likely retaliated with criminal charges because anyone advocating cryptocurrency who then sold and made a profit could equally be charged.  Regulations passed by agencies without Congressional power is the Deep State. They pass regulation and it becomes criminal law. This circumvents everything the constitution stood for. They are NOT created by the people.

In United States v. Shreveport Grain & Elevator Co., 287 U.S. 77, 85 (1932) the Supreme Court held that “the legislative power of Congress cannot be delegated,” (see also and Field v. Clark, 143 U.S. 649, 692 (1892)). However, on other occasions, the Supreme Court has recognized that, although Congress may not delegate powers that “are strictly and exclusively legislative,” it may delegate “powers which [it] may rightfully exercise itself.” Wayman v. Southard, 23 U.S. (10 Wheat.) 1, 41 (1825).

This is the problem and how the Deep State is created. Congress has delegated power. The Supreme Court has allowed agencies to fill in the details of statutes which has become standard practice. For example, the Supreme Court upheld a statute requiring the manufacturers of oleomargarine to have their packages “marked, stamped and branded as the Commissioner of Internal Revenue . . . shall prescribe,” rejecting the argument that the prosecution was NOT for violation of law but for violation of a regulation –  In re Kollock, 165 U.S. 526 (1897)

It has been in this manner that the Deep State has emerged. They simply create regulation that has the same force of law and can then deep you are to be in prison for life or even impose a death penalty. I fear that this was a selective prosecution but that is no longer a defense since the Supreme Court ruling in 1996. As long as the government has prosecuted anyone else on this theory, you will NEVER prevail in court.

The Deep State won. If John committed suicide at nearly 76, I fully understand. They were seeking to imprison him until he died. Once the Feds charge you, there is less than a 1% chance of ever winning in court. It takes a lot to endure their never-ending tortures. Even the Declaration of Independence complained of “mock trials” and I hope the prosecutor remembers John’s face when he is about to die himself. Shakespeare’s famous line “the first thing we do, let’s kill all the lawyers” referred to prosecutors for the private individual were never allowed to have lawyers.

There is a special place in hell for prosecutors for they will be judged by the same standards they have judged others. They better pray there is no God. No doubt with John’s computer skills, they may have wanted something sinister behind the curtain as well. It is never what prosecutors claim it to be. Goodbye, my friend.

Parallels in Bankers 1930s – 2020s

Armstrong Economics Blog/ECM Re-Posted Jun 24, 2021 by Martin Armstrong


You have written much about the period 1927-1929 dominated by the relationship between Monatgue Norman and Benjamin Strong; how pressure from Britain to keep rates in the US lower was intended to relieve pressure from Europeans fleeing for the US, attracted by our faster growth.

It seems eerily similar today, the conditions now with the US, first to restart after the lockdown, and Europe, which can’t get out of its own way. Stuck.

You remarked on the blog money is positioning now ready to make a move….as you have stated, higher rates are bullish…confirming strength in the economy, demand increasing, all bullish for stocks. What is missing is the Fed raising rates, or rather this time, the Fed having to follow, or worse, lose control of rates, which seems implied today…

Marty, if this is a replay, are we in 1927, 28…I assume 1929 is a long way off….


REPLY: It seems to be close to the same timing of about two years, which would bring us to 2023. We can easily see that rates moved up from 3.5% to 6% at the Fed in hopes of stopping inflation. They have NEVER understood the markets or economy because they have relied on academics who only read books and have never traded.

My biggest problem here is that everything is upside down. To get such a crash in the stock market this time requires capital controls or a complete collapse in government and the financial system. During the Great Depression, sovereign defaults began in Europe. This pushed the dollar higher but not the US share market.  Note that the dollar rose in value during World War I, the 1931 Sovereign Debt Crisis, and again for World War II. During those waves of capital flows, the bulk of that capital always moved into government bonds.

We are facing a collapse in public confidence in government. How will capital move this time around when capital is moving away from governments? Will we see it move into the private sector exclusively, or will there be a capital flight to China as it becomes the USA of the 1930s?

Years of Watching General Mark Milley Finally Make Sense – The Chairman of The Joint Chiefs is a Political Operative

Posted originally on the Conservative tree house on June 23, 2021 | Sundance | 212 Comments

A statement made by Joint Chiefs Chairman General Mark Milley defending the teaching Critical Race Theory to West Point cadets has gained some attention.  However, the comments Milley made today actually reconcile several years of CTH watching Milley operate and having puzzling questions.

Remember, General Milley did some really odd things as Joint Chiefs Chairman under President Trump:

(1) Milley never removed Lt. Col Alexander Vindman from his White House post after the underling compromised his leadership position.  The pentagon left Vindman on assignment to the NSC even after Vindman attempted to take-down President Trump.

(2) Milley was then slow to react to Navy Secretary Richard Spencer threatening President Trump; attempting to extort him into inaction over the disciplinary plans against the SEAL commando, Chief Petty Officer Edward Gallagher.  And perhaps worst of all…

(3) Joint Chief Chairman Milley, SoS Mike Pompeo traveled to Mar-a-Lago in December 2019, where they informed President Trump of military strikes in Syria and Iraq *after* they took place. [Background Here] [Background Here].  President Trump made Esper, Milley and Pompeo hold a press conference without Trump supporting them; then President Trump remained silent on the issue for days.

It seemed like CTH was alone noticing the issues with the Pentagon and suspicions of Secretary of State Mike Pompeo, Defense Secretary Mark Esper and Joint Chiefs of Staff Chairman Mark Milley.  However, a few days after the Mar-a-Lago incident Col Douglas Macgregor expressed his own suspicions about the U.S. military attack in Iraq and Syria that paralleled our gut reaction. Macgregor stated he believed President Trump was being intentionally and “skillfully, misinformed”.

There were valid reasons for suspicion around General Milley and the entire Pentagon apparatus.

Factually, President Trump’s strategic approach toward foreign threats and foreign intervention (through the use of geopolitical economic pressure) was a major paradigm shift that removed the Defense Department from a primary role and placed them back into a more appropriate ‘contingency’ role, when it came to foreign policy and national security.

It was obvious from the outset of the Trump administration the Pentagon did not like that position.

Before explaining more, let us watch General Milley today outline his worldview on internal domestic politics.  Note how Milley connects the teaching of Critical Race Theory to his view that people attempted to “assault” the DC Capitol and “overturn the constitution of the United States“.  Watch this carefully because in many ways he is saying the quiet thing out loud:

In the big picture it was not difficult to figure out why the Pentagon would be opposed to Trump. During the Trump campaign and early administration President Trump’s expressed foreign policy was viewed by NATO alliance members as a threat.  President Trump dared to tell them their “cold war mentality” was outdated.  Heck, the NATO members were simultaneously purchasing energy from Russia at the same time they were demanding the U.S. military protect them from any Russian aggression.

The same type of common sense perspective that startled the NATO alliance members applied internally to the U.S. military.

President Trump’s preferred use of economic warfare made the Pentagon’s role diminished. Instead of punching North Korea’s Kim Jong-un, President Trump hit the checkbook of Chinese Chairman Xi Jinping (tariffs etc.) and then opened diplomatic discussions with the DPRK Chairman.  Toward the threat from North Korea the primary military response became the contingency plan; President Trump engaged in economic leverage, not military…. and it worked.

As a consequence the value of James Mattis was replaced by the effectiveness of U.S. Trade Representative Robert Lighthizer. Joint Chief’s Milley was not in the primary planning room; Milley was replaced by Commerce Secretary Wilbur Ross (until he’s needed).

In the Trump era the President was telling the Pentagon where and when to position; and then asked them for ‘contingency’ preparation. Decades of Pentagon-centric foreign policy was lessened by an entirely new geopolitical approach based on an economic strategy.  This was, in essence, the Trump Doctrine.

Take away power, or worse yet, stop using military power, and the leaders within the system start to sense their institution becoming functionally obsolescent. Overlay this military fear with pre-existing ideological differences and the situation gets worse.

Unfortunately, like all other issues in the era of hyper-polarization, normally liberal democrats would be alarmed about military leadership going rogue with their own agenda.  However, as long as that agenda was anti-Trump, the political-left with a totalitarian outlook are now okay with it.

In 2020 Democrat presidential candidate Joe Biden was openly asking the U.S. military to initiate a coup against President Trump. The corporate media didn’t bat an eyelash… The traditional checks-and-balances, things that normally keep us stable, started getting very sketchy within the military; this has only gotten worse in the past year.

Remember,… the impeachment effort was only a “soft-coup” until the uniformed military showed up.  Yet these same Pentagon leaders have the nerve now to call a protest in DC, likely manipulated by the FBI, an insurrection “intended to overturn the constitution of the United States of America.”   The one thing these leftist ideologues are good at is projection.

“Tell me again how we should “back the blue”, as we watch parents arrested at school board meetings. Tell me again that most FBI agents are good & legitimate, while we watch 15 agents investigate a garage pull-down cord while ‘known wolfes’ roam free.  Tell me again.  Please, keep telling me…. and when the order comes down to go door to door to collect citizens’ firearms, or to arrest citizens for wrong thoughts, our local police and military will follow orders”… and I will say “tell me again”, in handcuffs.

BlackRock in The White House

Posted originally on the conservative tree house on June 20, 2021 | sundance | 128 Comments

With Joe Biden in the White House you can expect to hear the name “Blackrock” in the headlines connected to a variety of issues from real estate purchasing to green energy projects with massive domestic and international investments.

BlackRock, Inc. (together with its subsidiaries) is a massive publicly traded multinational investment firm with over $8.68 trillion in assets under management [December 31, 2020 financial statement] in more than 100 countries across the globe.  To say that Blackrock is invested in globalism, climate change and leftist politics, would be a severe understatement {See Here}.  Larry Fink is the CEO and people like Cheryl Mills, Hillary Clinton’s attorney of record, are on the board.

Inside BlackRock there is a division called the BlackRock Investment Institute (BII) {See Here}.

Essentially the role of the BII is to tell BlackRock what is going to happen around the globe, and be the tip-of-the-spear in directing BlackRock where to invest money by predicting political events.

The Chairman of the BlackRock Investment Institute is Tom Donilon, President Obama’s former National Security Advisor (before Susan Rice), and a key advisor to Joe Biden throughout his career in politics.

You cannot get more deeply connected in the swamp financial schemes than Tom Donilon.

Donilon has been in/around government for 35+ years, deeply connected.  Before joining the Obama administration Donilon was a registered lobbyist from 1999 through 2005 for O’Melvney & Myers. {Bio Here} Tom’s sole client was Fannie Mae.  Fannie Mae is a government-backed private corporation that sells mortgages to investors.

Donilon took the lobbying gig because he was previously Executive Vice President for Law and Policy at Fannie Mae where he was responsible for Fannie Mae’s legal, regulatory, government affairs, and public policy issues.  Tom Donilon’s BlackRock Biography reads like a who’s-who of connections to the swamp {READ HERE}

Here’s where it really gets interesting.

♦Tom Donilon’s brother, Mike Donilon is a Senior Advisor to Joe Biden {link} providing guidance on what policies should be implemented within the administration.  Mike Donilon guides the focus of spending, budgets, regulation and white house policy from his position of Senior Advisor to the President.

♦Tom Donilon’s wife, Catherine Russell, is the White House Personnel Director {link}.  In that position Donilon’s wife controls every hire in the Office of the Presidency.

♦Tom Donilon’s daughter, Sarah Donilon, who graduated college in 2019, now works on the White House National Security Council {link}

So let me just summarize this….  The Chairman of the BlackRock Investment Institute, the guy who tells the $8.7 trillion investment firm BlackRock where to put their money, has a brother who is the Senior Advisor to Joe Biden; has a wife who is the White House Personnel Director; and has a daughter who is now on the National Security Council.

Put another way… Tom Donilon’s literal job description for BlackRock is to: “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and his wife is in charge of White House personnel, his brother is Senior Advisor to the President, and his daughter is on the National Security Council.

You seeing this?  Conflicts and insider information much?

The only thing missing is Hunter Biden being moved to the BlackRock board.

Now, I say again:.

Watch Where “BlackRock” and Biden Put Their Money…

Jibberish Joe Announces Crime Prevention Program for Chicago Inner-City Violence by Eliminating Gang Access to F-15 Fighter Jets and Nuclear Weapons

Posted originally on the conservative tree house June 23, 2021 | Sundance | 262 Comments

If we can get the F-15’s and nuclear weapons out of the hands of the Chicago, New York and Los Angeles gangs we might be able to begin stopping the massive increases in violent crimes in those regions.  So says the logic of Jibberish Joe, the most powerful man in what’s left of his own mind.

Apparently someone, probably a new staffer at the White House, woke up Jibberin’ Joe in the middle of his nap and walked him to a podium telling him to start talking about reducing crime.   Much to the amazement of the enlisted audience, Ol’ Joe immediately started talking about gun ownership and how law abiding gun owners do not need 100 round magazines to fight against the anti-establishment ruminant clan (aka rogue battalions nationalist deer) who wear kevlar armor and hide amid the sage brush and trees of liberty.

Prior to the newly announced strategy to lower violent crime, the administration of Jibberish Joe announced they would empty jails for low-level criminal offenders, release federal prison inmates to protect them from COVID-19, stop the capture of illegal alien criminals, defund and redirect funds for law enforcement and drop the prosecution of drug crimes.

Apparently the White House and pearl-clutching media cannot draw a parallel between undermining/defunding law enforcement and massive increases in crime throughout the country.   Instead, the administration will address the increases in carjackings, rapes, beatings, robberies, arson and homicide by making it more difficult for Americans to purchase firearms.

However, on a positive note, Jibberish Joe is the first President in U.S. history to promise to make it harder for Chicago gang members to purchase nuclear weapons.  So there’s that.  He might not have lost all his marbles, but there is a big hole in the bag.

Survey, 55 Percent of American Voters Support Election Audits, Including 57 Percent of Independent Voters

Posted originally on the conservative tree house on June 23, 2021 | Sundance | 163 Comments

Rasmussen has an interesting survey about election integrity issues [SEE HERE].  Within the survey the majority of likely voters support election audits including 71% of Republicans, 57% of Independents and 38% of Democrats.

Additionally, “[t]he new survey also found that 41% of voters still don’t believe that Joe Biden won the 2020 presidential election fairly”, that result is 7% higher than  February  when “34% of Likely Voters did not believe Biden won the election fairly.”  It appears the number of people who now see the 2020 election fraud is considerably higher than a few months ago.


With that many Americans now holding the opinion Biden cheated, you can bet the Democrat machine, BlackRock Republicans, Intelligence Community, DOJ and other vested interests are paying close attention.   The system cannot sustain itself with almost half the country organically believing the president is illegitimate.  Considering how the media drumbeat a narrative that is entirely the opposite, the results of this survey are quite remarkable.

With thirty-eight percent of Democrats supporting election audits, the system in DC is tenuous at best.

Kamala Harris Announces Border Visit Just Days Before President Trump Event

Posted originally on the conservative tree house on June 23, 2021 | Sundance | 179 Comments

The transparency of the political positioning and timing is obvious.  Today, after months of obfuscation and avoidance, Kamala Harris announces she will visit the Texas-Mexico border only days ahead of President Trump’s border visit.

Interestingly -and not coincidentally- Harris is headed to the New Mexico, Texas, border region; about a thousand miles away from where the epicenter of the border crisis exists.  It appears the administration is trying to keep her in blue areas that are less likely to see organized protests against the regime.

Remember, McAllen Texas just elected a Republican mayor, and in stark contrast to the media narrative the south Texas/Mexico border region (80%+ Latino/Mexican) voted overwhelmingly for President Trump in 2020.

WASHINGTON DC – Vice President Kamala Harris is heading to the U.S.-Mexico border this week, amid an unrelenting chorus of criticism from Republicans over her failure to visit there.

Harris, who was tasked by President Joe Biden to lead diplomatic efforts to stem the flow of migrants arriving on the southern border, will make a stop in El Paso, Texas on Friday, according to sources familiar with the trip. She is expected to be accompanied by Homeland Security Secretary Alejandro Mayorkas. (read more)

President Trump took note of the timing…