The Trust in Government is Collapsing – Is Anything Real Anymore?


Posted Jul 28, 2024 By Martin Armstrong 
2032 Date

As we head into the end of this cycle in 2032, this process concerns the collapse of Republican forms of government. We are rapidly approaching the collapse of Republican forms of government on a global scale, and I believe that this has become far more obvious since the COVID-19 scam. Even in Germany, friends think that something has seriously changed. We are dealing with the collapse of complete confidence and belief in the government itself, regardless of where it is on a global scale. This video is interesting, and it calls into question the tactics used by the government. The West always claims Putin has a double. Is the pot calling the kettle black?

Let us see what unfolds in the weeks ahead. The rumor is Biden will grant all illegals citizenship so they can change the politics of the country by creating a Democrat Progressive Dictatorship with one-party rule. Then, Biden will resign by September and let Harris become president to show the world she can do the job. In reality, she is just replacing a hand puppet and letting the Neocons continue to run our lives unimpeded as Blinkin and Garland, along with Nuland, use their Jewish heritage to fend off any criticism of their manipulations of society and thirst for war as just antisemitism.

Trump Putin Puppet

They want NATO to create a false flag before the election to start a war against Russia. NATO will be beyond any congressional investigation – the perfect cover to start World War III. Haliburton moved to Dubai to escape scrutiny over the Gulf War. They will take Trump’s anti-war stance once again and call him Putin’s Puppet. Let’s see if they pull off this agenda. Our computer warns NOBODY WILL ACCEPT THIS ELECTION regardless of who wins.

Paine Common Sense
End of Paine
1 ECM 1882 1929 1934

We will have to go through this until the majority of people simply reach the conclusion that there is no trust left in those who wish to preside over us. The last collapse in government worldwide was all about monarchy. Nobody put it better than Thomas Paine (1737-1809) in his publication Common Sense. That was the inspiration that stirred the people to action. This is just part of the progress we see cyclically throughout human history. It is the political version of Schupeter’s Wave of Creative Destruction.  The British even issued political tokens picturing the hanging of Paine.

Here is the last Private Wave #155 (1882.45-1934.05).  We can see that a number of financial panics began during the third wave. That corresponded to the Panic of 2007-2009, which some call the Great Recession. The Fourth Wave marked the beginning of the Progressive Era in 1912, and that corresponded with the peak in government we saw in 2015.75. Instead of socialism, Trump was sworn in precisely on the Pi target to the very day, representing the opposite of the 1912 Progressive era. Would War I follow as we now see our world leaders are all pushing for World War III so they can (1) default on their debts and (2) hope to strip-mine Russia of all its natural wealth and resources? This previous wave peaked in 1929 and began the Great Depression, ending with Socialism and FDR confiscating gold. Hitler came to power precisely on the Pi Target from the to in, and there was a worldwide sweep of whoever was in power thrown out, marking the rise of FDR, Hitler, and Mao.

1 ECM 2032 Wave 157 Pi Turning Point 1 Annotated

As in Physics, every action causes an equal and opposite reaction. Until we learn to live with the cycles and stop trying to manipulate society to create this fictional perfect world that cannot exist, as was the case with Communism, then perhaps, like a dog, we will one day shake off this political manipulation and just for once advance as a society.

Marx ten commandments socialism

Communism was tried in ancient Sparta, Greece. As I have said before, this city-state never issued coins. Yet they waged war against Athens and defeated the land of freedom and democracy in 404 BC. Karl Marx drew much on this segment of history, including the writings of Aristotle. Even Joseph and the Pharoach’s Biblical story is a blueprint for living with the cycles.

Joseph Interprets Pharaoh

I see the world as the Biblical story of Joseph telling the Pharaoh there will be seven years of plenty and seven years of drought. This story attempts to tell us that there is a business cycle, and we better live with it. If you know when the cycle will turn down, you then prepare to live with it and reduce its impact on society.

Keynes Marx Interventionists

Both Keynes and Marx pushed the theory that the government possessed the power to alter the direction of the economy. Neither man understood the complexity of the global economy and how we are all interconnected. If it were not for World War I and II, the capital would never have shifted from Europe to America, replacing London as the Financial Capital of the World.

MAA on War

Even when we look at war, this has plagued human society for thousands of years. War comes when economic distress is set in motion just as the Barbarians smelly weakness in Rime and then struck. Some sought to wage wars of conquest. However, once an empire has risen to its maximum state, then the political corruption internally eats away at it like a cancer from within. Thus, all empires, nations, and city-states are buried in a common grave because, as a collective society, we seem to be incapable of learning from the past mistakes of others, and inevitably, that ensures that history will always repeat itself. It would be fantastic if we actually advanced as a society politically, rather than just technologically.

It’s a Recession Not a Depression


Posted originally on Jul 26, 2024 By Martin Armstrong 

Recession Global

The government insists that the economy is fine, thriving perhaps, and has asked the public to pay no mind to their current financial situation. No one, aside from those living off government assistance, are better off now than they were four years ago. Americans cannot be gas lit into believing the economy is sound when every social-economic group is suffering.

Americans have already lost confidence in the economy and, therefore, in the government.

A recent poll by Affirm found that 3 in 5 Americans believe the US is in a recession, and most believe that recession began in March 2023. Another poll from Guardian/Harris found that 56% of Americans feel that the recession has already arrived. Seven in 10 Americans have reported that they are unable to save for the future. About 68% of respondents from the Affirm poll believe inflation has caused the recession, but few realize what causes inflation.

Credit card debt has reached an all-time high, with 8.9% of balances falling into delinquency as of May 2024. Bankruptcies are on the rise both personal and corporate. A CNN poll discovered that 39% of Americans worry that they may no longer be able to pay their bills. The poll saw similar sentiments during the Great Recession when 37% of Americans feared the next round of bills. Moody’s Analytics believes that household spending has risen $925 per month compared to three years due to inflation. Sixty-five percent of respondents said that the cost of living crisis is the most significant issue our nation faces. Politicians would be wise to focus on domestic issues as the people are on the brink.

Americans are spending more on less as economic conditions have begun to impact the average person’s quality of life. CNN also reported that 35% of adults are taking on second jobs to combat the price of living. Sixty-nine percent are spending less on entertainment, a correlation we have seen with corporate bankruptcies primarily rising in non-essential sectors. Another 41% say they cut down on driving to save on energy costs. Sixty-eight percent of American families have had to cut back on grocery spending, despite US Treasury Secretary Janet Yellen denying food inflation entirely.

Bidenomics failed. We are in a recession but not a depression. People hoard when they fear for the future, and that is happening not only as a result of economic conditions but geopolitical tensions and war will cause people to spend less. Then, to fund these wars and other spending packages, the government raises taxes, which is always recessionary. The computer had long warned that the American economy would turn down in May 2024 and not resurface until 2028.

Living Your Greatness Podcast – Final Days of the Empire


Posted Jul 25, 2024 By Martin Armstrong 

FinalDaysoftheEmpire.Podcast.LivingYourGreatness

June Home Sales Drop in Line with ECM


Posted Jul 25, 2024 By Martin Armstrong 

RealEstate

I noted that real estate in the United States would turn into a buyer’s market in May 2024 going into August 2028 in a reversal from the buyer’s market we’ve experienced since 2020. The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have confirmed that we should have a recessionary trend into 2028 with this turn in the model on this wave.

The National Association of Realtors finally agreed that we are now amid a buyer’s market after June posted the lowest number of sales for 2024 despite a notable rise in inventory. Home sales fell 5.4% in June from May, when the market flipped, to 3.89 million units. This figure is also 5.4% lower than home sales in June 2023.

Gone are the days where buyers would forego inspections and entering bidding wars where the listing price was by no means the final sale price. Inventory from June 2023 to June 2024 has risen 23.4% to 1.32 million available units. Inventory is still a challenge, as are housing prices. The median home cost $426,900 last month, marking a new record-high as well as a 4.1% annual increase.

US_Residential_Real_Estate_Index_Analysis 12 13 23

Homes on the lower end of the spectrum have been keeping averages down. Single-family units between $200K and $350K rose 50% in the past year, according to Realtor.com. There are more homes available now than there have been since May 2020, when sellers reigned supreme. Mortgage rates are far higher than during the 2020 era, and Americans are seeing their available funds dwindling. It is harder for potential buyers to enter the market.

Smart money views mortgages as an alternative to unsecured government debt. Cash remains king with 28% of buyers who have the means opting to forego mortgages entirely, and often can decline high insurance premiums as well. We are also witnessing a mass migration from blue states into red states and should expect prices to decline where there is a dampened demand. It is difficult to view real estate from a national perspective in the United States as demand is up in red states as people continue to leave increasingly oppressive policies regarding taxation, crime, education, and business. If you were thinking of buying a new house right now, lock in the interest rate, for with war on the horizon, long-term rates will rise.

Britain’s Perspective on World War III


Posted orginally on Jul 25, 2024 By Martin Armstrong 

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Britain believes the next world war against an “axis of upheaval” will begin within three years. General Sir Roly Walker has issued a warning that Russian President Vladimir Putin will seek revenge against the Western powers who supported Ukraine. He believes China, North Korea, and Iran will form an alliance against the West by 2027 to 2028

The point here is when you think they [the Russians] are down, they will come roaring back to get their vengeance,” Walker said at a recent conference. “That is why you get to this point by… 2027-2028 this convergence may have reached some sort of mutual singularity and your ability to deal with them in isolation – a specific crisis that can be managed by the rules based system – I think is significantly diminished,” he said.

This is in line with our computer models that have long insisted we would see a rise in both international and domestic conflicts throughout most nations by 2027 going into 2028. Britain is already quietly at war with Russia. Our UK array on the 10-year shows higher volatility into 2025.

I explained at the London Seminar that the Brits are extremely effective secretaries and we have a massive amount of data that helps us to predict what is to come. Interest rates rallied up five years to the downtrend line, but during times of war, interest rates must go up. The pound could eventually fall to 80 cents – it’s a confidence factor. As long as people anticipate war, you’re looking at capital outflows.

Everything must be viewed from a global perspective. I also explained in London that Taiwan may cease to exist as a nation by 2028. “A problem in one area is likely to trigger a sympathetic detonation in another and therefore it is a global problem looked at from different perspectives around the world,” Sir Walker stated. The true problem is that the NATO Neocons cannot resist the desire to engage in warfare. They have already set up the stage to attack China over Taiwan. It is not a matter of China becoming sympathetic to Russia, but rather, China has long felt that the international community is interfering in their personal affairs.

The British army will be ready to fight and kill the new formation of axis powers by 2027. Sir Walker believes the British army is outdated in troops and strength and needs to rebuild. Every nation is increasing military spending. There is a cycle to war and sadly it will soon be time for the next conflict.

Hungary Being Pushed out of the EU?


Posted Jul 24, 2024 By Martin Armstrong

The European Union has revoked Hungary of its right to host the next summit. The EU supposedly has a rotating presidency of council to maintain the appearance that each state has an equal say in the direction of the bloc. The truth of the matter is that the unelected elite in Brussels control all of Europe and will silence dissenters, as Hungray’s Viktor Orban recently learned.

The next EU summit was to take place  August 28-29 was slated to be Hungary’s opportunity to share its ideas for matters like foreign policy with the rest of the bloc. EU Foreign Policy Chief Josep Borrell planned a “formal” council meeting on the exact dates of Hungary’s summit to undermine the country’s voice in the bloc. Now, Borrell is revoking Budapest’s ability to host the next meeting and moving it to Brussels.

“We have to send a signal, even if it is a symbolic signal, that being against the foreign policy of the European Union … has to have some consequences,” Borrell told reporters. His reasoning is that Brussels vehemently disapproved of Orban’s “peace mission” after he met with leaders in both Russia and China this July. Borrell believes “all member states — with one single exception — are very much critical about this behavior,” adding that he believed it was “appropriate to show this feeling and to call for the next foreign and defense council meetings in Brussels.”

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Simply put, Orban wants to end the war in Ukraine, which is completely against the narrative of those in Brussels who want to promote the idea of Russian aggression to promote an escalation in war“My job is to convince them to shift from the pro-war policy to a pro peace policy,” Orban said. “They believe that they can destroy the military [of the] Russians … but I don’t believe this at all, because I know the Russians, I know the Soviet Union, I know the Ukrainians. I’m belonging to a neighboring country. I know the whole context. It’s impossible to find a solution on the battlefield, we will lose every day thousands of innocent people,” Orban told CNBC, also adding that “human life is the most precious thing we can lose,” citing the thousands who have already died in this endless war.

Add to this the trade tensions between Ukraine and Hungary. Hungary and Slovakia are exempt from the EU ban on Russian crude oil. These landlocked neighbors are to receive oil through the Druzhba pipeline, but Ukraine has prevented these nations from receiving shipments. Lukoil may be the main supplier using this line, but Russneft, Tatneft, and Gazprom also utilize this line, leading Ukraine to intervene.

“The EU sanctions, which we have disputed on several occasions, and which in this case have again been shown to have a greater negative impact on Slovakia and the EU than on Russia itself, clearly state that Slovakia has an exemption for oil imports until the end of the year,” Slovak Juraj Blanár explained in a joint-statement he made to the European Commission with his Hungarian counterpart, Péter Szijjártó. “It is strange that a country aspiring to be integrated with the EU is seriously jeopardising the energy supplies of two member states,” Péter Szijjártó commented. Will the European Commission side with its members or Ukraine? What is the benefit of being in a “union” that does not support you in any form?

Szijjártó said that Ukraine should forget the blocked €6.5 billion in EU aid as they will not vote to help Ukraine as it threatens their energy supply. Hungary has been demonized by Brussels for blocking additional aid to Ukraine, with neocon Borrell still pushing to send Ukraine €1.4 billion by the beginning of August. There is no European Union. There is a European authority within the pretend union that controls all members.

Tax Code Change for Emergency Retirement Withdrawals


Posted Jul 22, 2024 By Martin Armstrong 

401K

Low-income Americans are in such dire straits due to the elevated cost of living that lawmakers are making changes to the tax code. No, naturally, the politicians are not voting to decrease taxes for those who can barely get by. Instead, they’re permitting Americans to pull a mere $1,000 out of their retirement accounts without penalty.

Those withdrawing emergency funds from a 401K will need to explain their hardship to their employer, but employers do not need to approve the withdrawal. The government will tax the $1,000 if it is not paid back within three years and no additional emergency withdrawals may be taken out until the money is paid back in full.

The economy is shifting into a world of haves and have-nots as the middle class diminishes. A January 2024 survey found that 60% of Americans had less than $500 in liquidity, with only 12% possessing over 12%. The debt vortex is unforgiving and all too many Americans have become trapped in a cycle of perpetually servicing new debt, similar to our Federal Reserve.

CreditCardDebt.Chart_

A Vanguard study found that 3.6% of the 5 million retirement accounts on record made an emergency withdrawal in 2023, moving upward from 2.8% the year prior. Bank of America and Fidelity reported similar findings last year on a quarterly basis. These people may be subjected to a 10% tax due to the early distribution because chances are they will be unlikely to pay back the funds. Credit card debt has reached a historic high in the US among every income level, so this last resort option has become unavoidable for many.

This program is an insult to the American people who contribute to our system with nothing in return. These same people who do not have a mere $1,000 for an emergency are paying into the giant Ponzi scheme that is Social Security with each paycheck. They must pay for Medicare and Medicare even if they will never use the services. They’re likely subject to an income tax depending on their state regardless of income level.  If accounting for a population of 335 million, the average American has paid about $522 in taxes toward Ukraine alone. The US is paying about $1,700 per month per illegal migrant welcomed in by the open border policy.

Then Uncle Sam comes around every April and gives the lowest paid Americans a tax refund check, failing to acknowledge that they preventing those Americans from earning interest on that money that they desperately needed. It is a grand lie that the socialist-leaning politicians care about the working man when their social programs and handouts guarantee tax increases on everyone. It is a shame that those attempting to do right by society and not leaning entirely on government assistance are punished by our tax code.

Germany Bans Conservative Voices


Posted originally on Jul 19, 2024 By Martin Armstrong 

Censorship

German Interior Minister Nancy Faeser announced that the nation banned conservative Compact Magazine for allegedly inciting hatred. Authorities raided properties in Brandenburg, Hesse, Saxony and Saxony-Anhalt to confiscate evidence and assets.

“This magazine incites hatred against Jews, against people with a history of migration and against our parliamentary democracy in an unspeakable manner,” the minister said, calling the publication “a mouthpiece of the far-right extremist scene.” Conservative politicians are calling the move “a serious blow to the freedom of the press.”

Now, why do we never hear the term “far-left extremist” mentioned in the news? Every conservative politician receives the “far-right extremist” label to invoke hatred and fear. Every news outlet across the globe is calling this ban a first step in outright banning “far-right extremist” views. Compact was associated with the Alternative for Germany (AfD) party, the only German party against open borders, climate change, and ongoing funding of external wars.

Governments globally would like to stifle conservative voices. There is no place for dissent in this increasingly tyrannical world. Germany has sent 35,000 of its own troops to die in Ukraine for a war that does not involve the German people. They plan to open a headquarters of sorts to help direct the war in Ukraine from Germany. Women have been asked to conscribe to the war efforts. They have decimated the agricultural sector through their green agenda and want to de-platform the thousands of farmers who have attempted to protest throughout the year. Crime is at a 15-year high, and the population is rising to unsustainable levels. They demand that the media remain quiet on all of these issues.

Germany Scholz extremists farmers

Governments have become the judge and the juror. They are creating an underground culture of dissent and disorder among otherwise law-abiding citizens who simply wish to see their nation restored. Socrates sees Germany descending into a recession that will bottom in nominal terms in 2028 but will extend into 2030. They will increase their efforts to silence those who disagree with the direction of the nation as the economy turns down.

Trudeau Considers Additional Housing Tax


Posted originally on Jul 11, 2024 By Martin Armstrong 

Canadian Prime Minister Justin Trudeau

Inefficient politicians consistently cite additional taxation as the solution to their nation’s economic troubles. The housing crisis in Canada is has spread to every province. Instead of addressing availability, the disproportionate demand brought on by multiplying the nation with migrants, or any of the countless fiscal policies that have contributed to inflation, the Canadian government believes it is the duty of citizens to subsidize their wealth as a temporary solution.

The Trudeau Administration has been trying to paint the housing crisis as a conflict between the social-economic classes. All those greedy citizens who saved for homes are preventing new homeowners from entering the market. Trudeau basically said this when appearing on the podcast Generation Squeeze, an organization that is pushing to add an annual surtax on homes over C$1 million. They believe houses between C$1 million to C$1.5 million, even if a primary residence, should face a 0.2% surtax that would eventually rise to 0.5%. Homes over C$2 million would face a 1% surtax.

What about older Canadians who have been residing in their family homes for decades? They may not necessarily be rich but they purchased when the landscape was different. Trudeau said those who “scrimped and saved” simply fail to understand that the younger generation can no longer do the same due to the economic environment he helped to create.

“GOVERNMENT BUREAUCRATS DON’T BUILD HOMES!” – Conservative Leader Pierre Poilievre

I mentioned in a separate post that 13.5% of young Canadians under 24 cannot find entry-level work. Unemployment is on the rise and young people cannot afford to save what little they have. All Canadians are feeling the constraints of inflation, with household debt rising to over 100% of GDP and the debt service ratio surpassing 15.22%. People are paying for the luxury of even having debt.

This thoughtless plan does not count for the fact that home prices are continuing to rise. C$1 million may sound high, but the average home in British Columbia is around C$965,447, with those in Ontario facing an average price of C$853,915. The average home cost around C$657,145 across all provinces in 2023, but that average was only C$391,820 just 10 years ago. The Canada Mortgage and Housing Corporation (CMHC) believes the average home will reach C$$746,410 by next year.

This is not a tax on the wealthy, though that would not be a solution, rather, this is a tax on hardworking Canadians who are struggling to maintain what they have left. This tax is in addition to the countless other grabs that the government is expecting from homeowners. There are federal initiatives that currently spend billions on new construction, such as the Canada Housing Infrastructure Fund, which spent C$6 billion toward new construction. What’s the point of increasing the supply when you’re increasing the overall population more rapidly? Trudeau did not offer ANY other solution during his interview because he had none to offer.

Left in France Adopts Biden’s Tactics – Criminally Charging LePen


Posted originally on Jul 11, 2024 By Martin Armstrong 

Le Penn to be Charged Criminally

POLITICO has reported that the Paris prosecutor’s office confirmed that they have launched a criminal investigation after a preliminary inquiry. The investigation has targeted Marine Le Pen’s previous presidential bid in 2022 with allegations of embezzlement, forgery, fraud, and a candidate on an election campaign accepting a loan. It is curious that such criminal prosecution of candidates are always by the LEFT against the RIGHT.

7 2024_Brazil_Police_Accuse_Bolsonaro_of_Embezzling_Saudi_Jewels_The_New_York_Times

Brazil’s federal police recommended that former President Jair Bolsonaro be criminally charged in a scheme to embezzle jewelry he received as gifts from foreign leaders while president, according to two people close to the investigation, adding another major legal challenge for Mr. Bolsonaro.

Clintons_Began_Taking_White_House_Property_a_Year_Ago_Los_Angeles_Times

Bill and Hillary Clinton took furniture from the White House in 2001. The Clintons actually returned more than $28,000 worth of items, which, they said, they “thought were personal gifts given to them and not to the White House.”

Hillary_Clinton_had_emails_on_server_more_classified_than_top_secret_CBS_News

CBS reported: “The server Clinton used as secretary of state contained “several dozen emails containing classified information determined by the [intelligence community] element to be at the CONFIDENTIAL, SECRET, and TOP SECRET/SAP levels,” the inspector general, Charles McCullough, wrote in the letter, which was first reported by Fox News.”

Between taking government furniture and then returning it, establishing it was government property, not theirs, and then adding the classified documents on a private server for which the RIGHT did not criminally prosecute Hillary as the LEFT has done to Trump over the same issue.

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Well Done!

This is the way to destroy civilization and create tyranny, as the LEFT will always go to extremes, for at the core of their philosophies lies the fact that they cannot tolerate freedom for people to do things that they object to.

Smash Rule of Law

We are witnessing the weaponization of the rule of law for political purposes on a global scale. That is destroying world civilization. This is intimidating people to stay away, for they will only be criminally prosecuted on allegations that once made, the press will pronounce them guilty without a trial or due process of law. The mere allegation is good enough to destroy anyone who dares to challenge the LEFT. This is what 2032 is all about. We are witnessing the complete destruction of Western Society at the most fundamental level. When you destroy the rule of law, everything crumbles to dust before your eyes. The very meaning of “civilization” is we settle disputes in a civilized manner. Tear down this foundation, and all that is left is UNCIVILIZED behavior, including revolutions