UNCERTAINTY & The Future


Armstrong Economics Blog/Forecasts Re-Posted Nov 27, 2020 by Martin Armstrong

QUESTION: I would imagine that if Trump is able to prevail in the courts and earn a second term social unrest would be profound but what would be the effects on the markets?

RM

ANSWER: There is still a shot that Trump can prevail if he can stop Biden from reaching 270 votes and that would throw it into the House of Representatives where each state would get one vote and Trump would win in that scenario as took place during the election of 1824. But PA has certified Biden as the winner and then a state judge ruled against the governor. Then lawsuits against Georgia, Michigan, and Wisconsin raise the stakes of perhaps preventing Biden from getting 270 sending it into the House of Representatives.

What is clear from Socrates is that civil unrest will rise no matter what. If Trump can prevail or the Republicans can keep the Senate, then the Great Reset agenda will be stalled. But Biden can still use executive orders if he takes the White House to try to impose lockdowns etc overriding Congress. In Theory, Trump could have used executive orders ordering the State to end lockdowns but that would have been used against him and the Democrats argued he lacked that power. With Biden, they would say he has it.

My OPINION is just an OPINION. This year has been off the charts and it is still not over. Socrates just follows the markets and that is the only tool we have that is not subject to personal opinion which I seriously doubt anyone will be correct in this mess other than sheer luck. Nobody has lived through this type of market. The press attributes the rally to the vaccine. Let’s be honest here, that is propaganda. The Dow took the lead only because of international capital flows.

All next summer we have Directional Changes and a Panic Cycle in August 2021 when the German elections may be postponed. Because the Great Reset is going full-steam-ahead in Europe and the USA is lagging behind, the capital flows can still come to the US under Biden only because Europe is worse. But this does not look like it will end well come 2022.

For now, equities appear OK. But Schwab’s “STAKEHOLDER” economics combined with his “you will own nothing and be happy“, that is a lethal combination that would imply the end of free markets and even shares. Socrates clearly shows they will not be successful and in the process of destroying our Western economies with these lockdowns. This is an invitation to international war. The only thing that has created peace is not nuclear weapons. It has been our consumer-based economies that have benefited China and Russia. Destroy our economies trying to “build back better” is an invitation to war for then China and Russia have nothing to lose but to respond with violence given these people trying to subject them as well to this Great Reset.

Qantas CEO Alan Joyce yesterday said the Australian flag carrier would implement the measure once a coronavirus vaccine was made available to the public. He predicted the rule would become standard practice around the world as governments and airlines consider introducing electronic vaccination passports for a bogus virus with a 99% survival rate like the common cold which is also a coronavirus. World trade will be coming to an abrupt shock. These people are really changing the world and it will not be anything that we would expect. Worse still, they NEVER made this an issue for the people to ever approve. This is tyranny in its worse form.

Experience is the teacher of all things


Armstrong Economics Blog/Opinion Re-Posted Nov 27, 2020 by Martin Armstrong

COMMENT: You frequently explain that economic understanding can only come from personal experience, not a degree. In his book, Memories of Summer, the baseball writer Roger Kahn interviews the great Willie Mays in the 1950s, and Mays explains his success: “… nobody can teach you nothing like you can learn yourself… nobody can write a book that will teach you… you got to learn for yourself and you go do it your way.”
SH

REPLY: Yes. I can write and point out the connections. But you have to see them yourself. I have also pointed out that your trading LOSSES are more valuable than your wins. The reason is we all learn from our mistakes unless you are a politician or a leftist who prefers to blame others. The wins we just pat ourselves on the back and never question was it skill or just luck.

One of my favorite people in history was Julius Caesar (100-44BC). He has been the victim of fake news which called him a dictator when he was a man who defended the people against a corrupt oligarchy (see Anatomy of a Debt Crisis)Ut est rerum omnium magister usus (“Experience is the teacher of all things” or more generally “experience is the best teacher“) is a quote attributed to Julius Caesar in De Bello Civile, the war commentaries of the Civil War.

I was impressed by his writings as a young student as was the case with Marcus Aurelius and his Meditations along with Aristotle and Plato.

Marty is OK


Armstrong Economics Blog Posted Oct 4, 2020 by Martin Armstrong

COMMENT:  Mr. Armstrong,
I missed your writings this weekend 😊. I hope all is well with you. I am saying this because you have posted only videos and the last time this occurred, you were held hostage  in the hospital for corona virus testing. Thus, I trust that this is not the case this time and both your health and mood – yes ,your mood 😉 – are sound at this time. We are at a moment where we are all trying to keep a sound mind. It is becoming too much! Every time I read the news it is depressing and I guess we all feel the same. There is this vibe of despair and restlessness in the air that is very overpowering. We all need a respite from all this madness and subjugation over our lives; it is pure chaos and never ending really. I hope you find a way in your everyday to mitigate the anxiety you might have, if any. If I may say, you have picturesque surroundings to wake up to everyday, such as a beautiful, calming sea that can bring serenity just by looking at it and can also provide a tranquil walk by the water. These are simple things that nature provides us with to connect to her and alleviate our well-being.
As always Mr. Armstrong, I wish you good health and many blessings to you and your loved ones.
AG

REPLY: No, I am OK. Just finished writing a special report on Gold & Silver. Sent it off for editing. Today, I am working on the next on about Climate Change, Pole Flips, and 2032. I have so much to get done. I have been working every day for at least 15 hours.

I ended up getting a French Bulldog I suppose because traveling has become impossible. I also take walks on the beach to remind me how spectacular nature really is. Of course, these people would blame that on something humans did. They just do not believe in nature or God.Categories:Economics

Never Give Up


 

Ruth Bader Ginsberg Has Died


Supreme Court Justice Ruth Bader Ginsburg, the second woman to sit on the Supreme Court, died Friday of cancer after more than a quarter-century on the court at the age of 87. I must say, that our  Nation has lost indeed an honest jurist of historic importance. I agreed with much of her decisions and her heart was in the right place. I do owe my life to her for she stood against the abuse of the New York bankers who own the New York Federal Court in Manhattan. She argued to accept my case in the Supreme Court and the government could not justify how they could keep someone in civil contempt, denied lawyers, trial, or any Due Process rights whatsoever indefinitely when the statute that governs civil contempt, 28 USA 1826, restricts such imprisonment to 18 months maximum. The records show they were rolling the contempt every 18 months to pretend it was legal when Congress limited it to one time. When the Supreme Court ordered the government to respond, they suddenly released me and went back to the Supreme Court and said I was released so the case was “moot” and need not be heard.

I disagree with CONSERVATIVE judges who are rubber stamps for the government and ignore the rights of individuals because the government must always be correct. This is why fair trials are a thing of the past. The conviction rates in America have exceeded the most notorious court of Adolf Hitler who had a 90% conviction rate reaching 98-99% conviction rates with 1-2% dead – i.e. Jeffrey Epstein. They tried to kill me. I was in a coma for nearly a week. But to their dismay, I survived. Sometimes you just must stand for what you believe even in the face of death.

I believe in Strict Construction. If it is not in the Constitution, judges have no right to create law. Immunity for police and prosecutors is not in the Constitution and in fact it was listed among the grievances in the Declaration of Independence as practiced by the English King. All the abuse of police and prosecutors is because the court created immunity out of thin air. That is just one example.

I will always have respect for Justice Ginsberg. I believe the way law is interpreted also needs serious revision. I highly recommend the movie on her which revealed her character – On the Basis of SexI respect that she stood for what she believed against all odds. It is far better to die with dignity, then to die cowering in a corner clinging to your last breath.

On Constitution Day, “We the People” Must Keep Fighting for a More Perfect Union!


Fight for the U.S. Constitution and remember Constitution Day

Dennis Jamison image

Re-Posted from the Canada Free Press By  —— Bio and ArchivesSeptember 17, 2020

On Constitution Day, We the People Must Keep Fighting for a More Perfect Union!

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Today is Constitution Day, also known as Citizenship Day. Yet, those good citizens who diligently obey the law and seek for an orderly and civil society are the ones who seem to be lost in the polarization and extreme divisiveness of the two major political parties. The flagrant violation of the rule of law is seen in the rise of anarchism on America’s city streets. What might be the stimulus behind that increase of young people marching or committing acts of violence against innocent civilians? Could it be an election year, and one intent of one Party is to bully and scare people to act against the goodness of their consciences—Or to do nothing in the face of danger.

By the time of Constitution Day in 2020, citizens have witnessed in awe, the violation of the Constitution on a regular basis as Democrat leaders in cities and the Democrat state governors have violated the First Amendment rights of the citizens in their regions via the COVID-based lockdown orders. In hindsight, the draconian lockdowns may have helped limit the spread of the China virus initially, but scientific evidence revealed the virus is not as deadly as first feared. The false data collected by hospitals and medical authorities that led to false reporting of the death rate due to the China virus is appalling and has generated inaccurate public perceptions of danger.

By Constitution Day in 2020, citizens have witnessed the violation of the Constitution, as “protestors” and violent rioters rampaged through various Democrat-run cities (without any masks), yet the intolerance of religious gatherings became evident as with Pastor John MacArthur’s church in Southern California. Additionally, intolerance was on clear display recently in Seattle, Washington as a worship gathering was denied entrance to assemble peacefully in a public park.
Who pays the taxes to provide the upkeep of the park? It is those good citizens who diligently obey the law and yearn for an orderly and civil society?  Who pays the taxes to provide the salaries of the city officials who denied the people to peaceably assemble in the park they pay the taxes to care for the park?

By Constitution Day in 2020, citizens have witnessed the violation of the Constitution as violent rioters rampaged through Democrat-run cities destroying private property without serious enforcement of the law. Taxpayers have every right to trust that public servants, whom they employ in their cities and states, would enforce the laws and maintain order and a civil society. Yet, such expectations can no longer be taken for granted under the Democrat leadership who pursue a different political agenda than genuine allegiance to the Constitution of the United States. Socialism is antithetical to the U.S. Constitution, and to the documents of the founding of this nation—especially the Declaration of Independence, which asserts the very basis of our God-given rights.

If intelligent people stand back to look in a more objective way at what the “Democratic” Party has morphed into, they would be forced to admit that this political party represents the interests of only their Party above the interests of the general public. What was that phrase in the Preamble?—To promote the general Welfare?  To Democrats it translates into putting as many people on welfare as possible to ensure their dependence upon the government, which is the government using the money of the taxpayers to help the people who prefer to be dependent upon “the government,” which is actually “We the People,” those good citizens who diligently obey the law and strive for an orderly and civil society.

If intelligent people take a serious look at the current “Democratic” Party, they will see a political party that has morphed into a full socialist political party, which means that each and every aspect of the Preamble to the U.S. The Constitution is contorted into what such a Party has determined it to mean only from their political perspective. It is of no wonder that there are men who prefer to “identify” as women, and then expect those of the nation who are sane to accept their subjective reality. The Party is filled with these type of people. But, when applied to the Law of the Land, the Constitution is relative as well, just as the general welfare has been jammed into a very narrow set of parameters.

The efforts to insure domestic Tranquility, or to provide for the common defence, are also efforts that have been re-defined per the narrow definitions that Democrats have fabricated. Can the mayors of cities like Seattle, Portland, Chicago, or Washington, D.C. maintained “domestic tranquility” by permitting violent and destructive rioting in their cities, and with some individuals calling such reality a myth. The common defense has a direct bearing on protecting the citizens under their jurisdictions—all their citizens. From 2016, when Donald Trump’s supporters rallied for his candidacy, common defense only referred to the police protection or non-interference with the rioters who were trying to harm the non-Democrats. Truly this is a flagrant violation of the spirit of the Preamble.

It is evident that the key phrase the Democrats focus on is the point to establish Justice. But, for the Democrats, it is a question of Justice for whom? Time and again the justice they are advocating to provide is not for the entire community of people—Democrats in recent decades are much more focused on only justice for specific groups that will offer their allegiance to the Democrat leadership. The social justice warrior phenomenon has grown amongst the millennials, yet their intolerance of individuals who do not share their political ideology of socialism speaks volumes regarding the sheer hypocrisy of such views and behavior. Socialist societies in order to ensure justice for the believers, will serve plenty of injustice to those “non-believers” of socialist thought.

There is little possibility that socialism can secure the Blessings of Liberty to anyone, as it is practiced in an “infant” form, or the monstrous form of totalitarian communism. Such is the sad reality of socialism because all these variants are really good at would be in propagating propaganda and spewing empty utopian promises. As human beings strain to be free, socialism has to resort to force to coerce people to accept the precepts of socialism, which can be any number of variations on a Marxist inspired theme. The irony with the Democrats, or Socialists, or Communists is that force, or coercion, is usually the only recourse to enforce people to follow the general or specific will of the Party.

The purpose behind the Constitution is expressed in the beginning of the Preamble: “in Order to form a more perfect Union…” Democrats, Socialists, or Communists will talk about a better form of government, yet freedom would not be ensured because the authority in a socialist system is concentrated in the “dictatorship of the proletariat,” and freedom is just another word to entice useful idiots to do what the Party wills. Not much critical thought is needed.

A good example can be seen in people who call themselves “freedom fighters” who have romanticized their “revolutions;” and yet, who create a centralized authoritarian political system over the dupes who have little clue as to what was happening to their countries. The pattern has been repeated over and over again in one country after another: China, North Korea, Cuba, Nicaragua, and Venezuela to name current communist systems. The little freedom that exists is dependent upon whatever form the centralization of authority takes. But, where people had been free before, freedom had to be replaced by force. Unfortunately, where freedom is abused, force becomes necessary.

Socialism, Marxism, and Communism are the total inversion and subversion of a free society. They are all variants of political systems created through a false ideology that will never be compatible with America’s very existence based upon citizen’s God-given rights. The mere thought of such a thing is repulsive to atheistic systems based upon Marx’s ideology. Yet, without God-given rights, the Declaration is meaningless, and without the Declaration of Independence, there is no moral foundation for the U.S. Constitution. And, without the Constitution, there will be no U.S.A. And, without the U.S.A., there will no longer be a Free World. Those are a few good reasons for citizens to fight for the U.S. Constitution and remember Constitution Day.