Armstrong Economics Blog/Stock Indicies Re-Posted Feb 5, 2021 by Martin Armstrong

It is unfortunate that Salesforce is a Dow stock. Its head, Marc Benioff, is a board member of the World Economic Forum. They have interestingly introduced vaccine monitoring. We have to start scrutinizing every company that has struck any partnership with the World Economic Forum.

Our timing models called for the Directional Change during the last quarter of 2020. That indeed signaled a near-term correction. The critical technical support has held so far during the 1st quarter, which was 211.39, and the stock fell to the 212 level. But looking ahead, we still see July/August this year as critical periods in time but long-term, turning points both in 2022 and 2024 in line with the Economic Confidence Model.

What Benioff has failed to realize is that the entire agenda of the World Economic Forum is to alter capitalism and in the process, he is cheering the demise of his own customers. As unemployment rise, we will see the earning of Salesforce decline. This is where the personal beliefs of the CEO should never be intermixed with the performance of the company. His support for STAKEHOLDER economics of Schwab means he cares more about the Schwab agenda than shareholders. This is not a company you may want to have in your portfolio as political risks will attach to those companies in league with Schwab into 2024.

Posted originally on the conservative tree house on February 4, 2021 by Sundance

It shouldn’t come as a surprise, yet it does.  According to a segment aired tonight on Tucker Carlson television show, Bank of America sent customer purchasing history to federal agencies to assist in their investigation of persons who attended the January 6th protest in Washington DC.  WATCH THIS:

Again, demonstrating the ramifications from a lack of privacy protection, the assembly of an enemies list has been part of the overall investigation.  Gizmodo outlined how the phone numbers of Parler users were tracked using GPS and also used by investigators [SEE HERE] However, in contrast to the reality of the situation, the owners of Parler still claim no user data was ever collected.

According to Tucker Carlson’s reporting one Bank of America was customer was targeted, interrogated and released after nothing was discovered.  However, this type of exploitation should serve as a warning to Americans…. There is a big brother, and that system can/will be weaponized by government if/when an ideological administration is in power.

Posted originally on the conservative tree house on February 4, 2021 by Sundance

An interesting compare-&-contrast arises amid reports out today of Joe Biden’s son, Hunter Biden, getting a book deal to publish his memoir “Beautiful Things”.

The controversial life of Hunter Biden includes abusive relationships, sex scandals, drug use and retaining a position of affluence by trading on his father’s position in government.  Everything surrounding Hunter Biden is not only sketchy, it is the life of a very troubled, manipulative, opportunistic and creepy person… e.v.e.r.y.t.h.i.n.g.

(Via AP) […] The book is called “Beautiful Things” and will center on the younger Biden’s well publicized struggles with substance abuse, according to Gallery Books, an imprint of Simon & Schuster. Acquired in the fall of 2019, “Beautiful Things” was kept under wraps even as Biden’s business dealings became a fixation of then-President Donald Trump and others during the election and his finances a matter of investigation by the Justice Department.  (read more)

As many people are aware, book deals are a way for politicians and their allies to launder payments for influence either by the publisher or by those who purchase bulk quantities in order to direct funds without legal restrictions to politicians and their family members.

Additionally….

The same publisher, Simon and Schuster, recently made another decision regarding a politician:

JANUARY 7, 2021 – The publisher Simon & Schuster announced Thursday that is cancelling plans to publish Sen. Josh Hawley’s (R-Mo.) book, “The Tyranny of Big Tech,” because of the storming of the U.S. Capitol by a pro-Trump mob, for which some Republicans have blamed Hawley.

“After witnessing the disturbing, deadly insurrection that took place on Wednesday in Washington, DC, Simon & Schuster has decided to cancel the publication of Sen. Josh Hawley’s forthcoming book,” Simon & Schuster announced in a statement. (READ MORE)

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Posted originally on the Conservative tree house on February 3, 2021 by Sundance

According to Fox Business Parler CEO John Matze has been removed by the small group of owners of Parler.  Rebekah Mercer (financial aspects) and Dan Bongino (public face) are pushing back against the reasoning that Matze is sharing with the public.

At the 30,000 ft level the outline of the problems are clear.  Both elements within the ownership group have issues.

It was not surprising to see the trouble they encountered with re-platforming the social media network.

First, here’s the report:

EXCLUSIVE – Parler has terminated CEO John Matze, according to a memo Matze sent to staffers that has been obtained by Fox News.

“On January 29, 2021, the Parler board controlled by Rebekah Mercer decided to immediately terminate my position as CEO of Parler. I did not participate in this decision,” Matze wrote. “I understand that those who now control the company have made some communications to employees and other third parties that have unfortunately created confusion and prompted me to make this public statement.”

Matze wrote that over the past few months he has been met with “constant resistance” to his original vision for the social media platform following Amazon Web Services’ decision to shut Parler down for failure to moderate “egregious content” related to the Jan. 6 Capitol riot.

“Over the past few months, I’ve met constant resistance to my product vision, my strong belief in free speech and my view of how the Parler site should be managed. For example, I advocated for more product stability and what I believe is a more effective approach to content moderation,” Matze wrote.

Parler did not immediately respond to a request for comment.

“I have worked endless hours and fought constant battles to get the Parler site running but at this point, the future of Parler is no longer in my hands,” he continued. “I want to thank the Parler employees, the people on Parler and Parler supporters for their tireless work and devotion to the company. They are an amazing group of diverse, hardworking and talented individuals and I have the utmost respect for them. Many of them have become my second family.”  (read more)

First, Matze should have been fired -and the ownership group eviscerated- for allowing the vulnerability of their host server system to exist on Amazon.  That was perhaps the stupidest decision of a “conservative” platform ever.

Second, it seems apparent from Matze statements he wanted a heavily moderated and highly controlled moderation system in the platform.   Inevitably that can be problematic because humans have to make the decisions on where the line is… it is not easy to support free speech while knowing that some speech can lead to your removal for extremist content.  Moderation is a key component, but a balance is needed… the location of the balance bubble seemed to be the issue.

Third, Dan Bongino takes exception to the way Matze frames his support for free speech.

Bottom line is…. from my perspective… the front end of Parler was not the priority.  If it was, the decision to make Amazon the server host would never have been made.  Instead it was the backside operation, the user data, that held the value from the Mercer perspective.

That outlook makes the most sense.

As they did with Breitbart, the Mercers were in the business of assembling the identities of users that could be leveraged as a commodity for engaged political influence.  This is what the Mercers did with the 18 month Breitbart poll of 2016 GOP republican candidates.  They built a file of site users for their candidate, Ted Cruz, to use.

It looks to me like the emphasis on Parler 2020 was the same as the emphasis in the Breitbart purchase in 2014.  User data providing contact information of conservative minded Americans was the priority; that’s why the ridiculously obvious front-end vulnerability was permitted… it simply was less important than the backside value of the data.

One thing CTH is 100% committed to is to never compromise user privacy for any data exploit; even if that means forgoing bells and whistles that people want.  User privacy is the #1 priority…. When you start there, you are forced, by your mission statement, to focus on front-end security and stability.  Every decision related to user privacy is what makes a website anti-fragile because it eliminates the intrusion of Big Tech.

Parler joined with Big Tech and launched with Big Tech… and they suffered the consequences of not having emphasis on the front-end of their creation where stewardship on behalf of the user is the #1 priority.   To me, that’s the bottom line.

Protect the front-end users from exploitation by locking down the privacy issues and everything else will fall into place.  Allow the front-end users to be exploited, and/or assemble data on those users that might be exploited by others; and/or allow vendors who are not under the same privacy rules; and the site stability will always be vulnerable.

Posted originally on the conservative tree house on February 3, 2021 by Sundance

Comrade Rebels, there is a considerable disparity amid the Republic when it comes to authoritarian dictates and various State Ministries of Covid Compliance. The California Ministry of COVID compliance has some of the most restrictive regulations in the nation; however, their Coronavirus cases have not abated.

Additionally, Comrade Newsom has previously claimed the virus is triggered by rebellious activity at certain times of the evening; and in specific locales.

However, there is no scientific data to validate the assumptions to support many municipalities having curfews and hours of operation to avoid the greater Rona threat later in the evening.

All of these issues. and the false-pretenses behind the regulations, have now created a backlash against the governor of the California.

WASHINGTON EXAMINER – A new poll conducted by the University of California at Berkeley’s Institute of Governmental Studies found that Gov. Gavin Newsom’s job approval rating plummeted by 18 percentage points in three months. In October, he had a 49% approval rating; in January it dropped to 31%.

Also, 36% of respondents said they support the recall effort against Newsom, which has gained popularity among Democrats.

Roughly 31% of those polled said Newsom has done an excellent or good job in handling the coronavirus, down from 49% in September. (read more)