Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 5, 2022 by Martin Armstrong
Watch the latest interview above or click here.
Re posted from the The Rubin Report Published on Rumble on May 20, 2022
Dave Rubin of “The Rubin Report” talks to Tucker Carlson, Lewis Howes, Larry King, and the Babylon Bee about why the Democratic party is turning so many liberals into conservatives in this special “best of” episode. Was Dave Rubin ahead of the curve for leaving the left? As identity politics and the oppression olympics destroy the Democratic party, many more Democrats are being turned towards conservatism and classical liberalism. Whether it’s trainings about intersectionality in the workplace or talk of reparations for slavery no one can run away from woke politics any more. Dave discusses what he learned about systemic racism from Larry Elder, and why collective guilt and victimhood culture are pushing many on a similar political journey.
Lots of people talk about an inflation driven recession. Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices. However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.
A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month. The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.
Now, Fannie Mae is delivering a rather stunning shift in their economic forecast. In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:
...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)
That is a very significant change in home sales forecast to the negative position.
We already have serious energy inflation to contend with and low wage growth. We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.
The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly. Remember, Boy Scouts motto.
“What will you use to peel your imaginary potatoes in the upcoming socialist utopia?” questions the Babylon Bee. Let’s hope the chef (self-proclaimed Socialist influencer) shared the imaginary potatoes and single pea instead of hoarding them like a gluttonous member of the bourgeois.
Here we have the opposite generations of artists singing songs (click on image) about the same problem. I think this is fantastic for what you are listening to is showing that the Resistance is rising. I think we are all tired of the COVID nonsense. Debating if it will kill people in 2 to 3 years or it will track people with chips and nano-technology. I believe it will impact fertility for I have been informed already that girls in their 20s have been experiencing side effects impacting their menstrual cycle changes by staff with direct experience. With both Gates & the Rockefeller Foundations trying hard to reduce population, I do not find a single world of Gates as being trustworthy nor his puppets at the World Health Organization and our most dear Saint Anthony Fauci.
These two songs are a glimmer of hope that there are two distant generations singing about the same problem. I long the Monalisa Twins and how they point out that Gates, a college dropout, has elevated himself to our global health czar with absolutely no expertise in climate or health. Yet the press he has indeed bought, run to him for his guidance on these subjects.
Then there is even resistance showing up in Rap songs such as Tom MacDonald’s Brainwashed.
This is the real agenda – not COVID. That is just the tool to scare the hell out of people to surrender all their liberty to prepare for the Great Reset. We need more singers to come out for we now have one year to defeat these people.
This compiled video (click on image above) sums up Australia’s FINEST Politician and how absolutely insane she has become in the face of this manipulated pandemic for political purposes. I think she must have watched too many Naxi films when growing up and was deeply inspired. This is who the Australian police are protecting. Well, when Australia falls, they can always plead they were just following orders as they did at Nuremberg. Australia – really going down under this time!
COMMENT: Hello Mr Armstrong,
In regards to your comments on “The-Real-Agenda-Reply”, I’d like to make a remark to where you said that Russia and China will defend their people;
I wish that your statement were true but unfortunately, looking at their vaccine policies, either country seems to have the least interest taking up defence for their people. I have many close contacts in China and it is hell bent on vaccinating everyone right down the adolescent, with regionally mandating vaccinations or else…
Regarding China and Russia not wanting to join the UN is just charades, for if they officially would, there would be no common enemy for the west or the Middle East for that matter.
All governments work together, for I do not believe that China would be so “clumsy” to let Gates, Fauci or whoever leak a virus on their turf without knowing it and, if they truly care, would let this “deliberate slip up” pass…
This is my 2 cents on the subject. Thank you for your terrific blog and all you do. God bless you.
REPLY: Don’t misunderstand me. I am not talking about nation-states that will put their people first. They will NOT surrender their power to this United Nations/WEF Cabal. My statement of thanking God for China and Russia is only in the context that they will stand up against other equally dangerous forces. Here we have Fauci saying he is not concerned about our LIBERTY and then he appears in a video of the World Economic Forum claiming that “inequality” is our #1 problem – not COVID.
The World Economic Forum has all the key players in its pocket. This BUILD-BACK-BETTER slogan was created by the WEF and it was rolled out at the Davos meeting in January 2019. John Kerry said at DAVOS – ‘Normal wasn’t working.’ Even Gates bought BioNTech in September 2019 two months before the global assault with COVID which is like the Flu and there is NO VACCINE that will ever eradicate COVID. If you ever paid attention in health class, you would have learned that Smallpox could be eradicated BECAUSE it was not from animals. Any virus that is in animals provides the reservoir needed for it to always return. COVID has been found in 40% of the deer population so there will NEVER be an end to COVID. Because politicians have used this for political change, it means they will NEVER admit this was a scam so what is the end game? Do we remain with masks and social distancing forever to prevent civil protests and revolutions?
This nonsense that getting vaccinate will eliminate COVID shows that not everyone is plain stupid. The CDC recommendations have been inconsistent. The CDC then tells vaccinated people to wear masks and social distance and the White House tried to explain why this did not cover up a lie to start with. The CDC claimed if you were vaccinated there was a small risk of getting COVID. First, the Military says all personnel must be vaccinated, then when they realize there is huge resistance that changes the policy and says they can apply for an exception. Then because the vaccines are not working, the FDA approves now the third shot.
What happens to the financial markets when they wake up and realize that REAL SCIENCE says there will never come a day to eradicate COVID and as such, there will NEVER be a return to normal.
So in this context, Russia and China will stand in the way of this dream of creating a one-world government. For that, I am thankful. But this is NOT going to end nicely and we will most likely end up in war against Russia and Chins because, in truth, they stand in the way of this cabal.
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