Posted originally on Jul 15, 2024 By Martin Armstrong
Confidence in the very structure of the nation has been shaken amid this private wave where all trust in the government has been lost. A new Pew Research Center poll found that 72% of Americans believe the United States – the land of the free – is no longer a good example of democracy.
Those 72% say that America was once a good example of a democracy for other nations to follow, with only 19% still trusting in its structure. Americans over 50 trust in democracy a bit more than younger generations (11% vs 4%) likely because they are less likely to face the new reality of our broken economy where the American Dream is no longer attainable.
Those most closely aligned to America in terms of economics are more likely to say the US is no longer a good example of democracy (Canada 67%, Japan 65%, UK 63%). Younger generations everywhere now believe America was never a good example of democracy as they have only seen the nation in a state of geopolitical upheaval.
A separate poll with information from Pew Research Center, National Election Studies, Gallup, ABC/Washington Post, CBS/New York Times, and CNN surveys, Americans were if they trust the government. Trust heightened, in line with the ECM, in 1964 under President Johnson with a trust rating of 77%. Trust plummeted when President Nixon became the first president to resign in 1974, with the moving average then standing at 36%. Individual polls then showed confidence moving to a new low of 25% by the end of President Carter’s administration, in line with the economy as always.
Trust in government then peaked at the beginning of George W. Bush’s term in office, with individual polls rising to 60% in 2001 and overall stats hitting 54%. Now, 2001 marked the 9/11 terrorist attack on the Twin Towers that shook the nation at its core, spreading a wave of patriotism across the United States. Everyone trusted that the government would seek revenge and keep the nation safe from future attacks. We permitted countless laws to pass, like the Patriot Act, because we trusted the government to protect us.
By the end of George W. Bush’s term, no one knew what we were doing in the Middle East and were questioning the “weapons of mass destruction” premise. Individual polls plummeted from 60% to a mere 17% in 2008, with overall sentiments not faring much better at 24%. Trust in government has never surpassed 30% on either poll since.
The moving average of trust in the US government now sits at 22%. Politics have never been more divided. The majority of the country questions in the president is mentally fit to serve. Congress is blatantly corrupt. The coronavirus pandemic changed everything and shook the nation as badly as 9/11, but the people ran from government rather than towards it.
Our computer indicates the American economy subtly slipped into a recession, and things will worsen until 2028. We find this same phenomenon of trust in government declining globally and it is all in line with the Economic Confidence Model. Distrust will only grow as economic conditions worsen. By 2032, as indicated by the models, we will have a chance to rebuild and regrow at the end of the Sixth Wave, which will be the equivalent to the fall of ancient Rome.
Posted originally on Jul 12, 2024 By Martin Armstrong
QUESTION: Mr. Armstrong, I find it remarkable that your model has always been correct in predicting the economy’s direction. This latest US inflation number shows that it was subsiding, cooling down to the slowest pace since 2021, right in turn with your Economic Confidence Model. Treasuries rallied on expectations that the Fed might cut rates. It seems so obvious to a blind man that your model has done what no economist has been able to do for decades. Why does academia refuse to credit you for your discovery?
SH
ANSWER: The 1960s was a wild time when I was still in high school. In Economics class, they said everything is random, and there is no definitive business cycle, so we can manipulate the economy to prevent recessions. That was the Keynesian economics. When I went to Physics class, they emphasized that nothing was random. I concluded the someone was not telling the truth and it seemed to be in the Economics class.
For you see, this was the period when the fixed exchange rate was collapsing. It was the end of Bretton Woods, and this was a confusing period for what people call today the “Everything Bubble.” Back during the 1960s, it was the “Everything Crash.” I saw everything rise to a peak and then crash from stocks and bonds to precious metals, real estate, and collectibles. This forged my understanding of the world economy, and everything was connected.
The pressure on Brettone Woods actually began with rising inflation. President Kennedy was forced to remove silver from the coinage starting in 1965. The last silver coins produced came with the peak of that ECM wave in 1964, and by 1968, that saw the first major crash in the gold standard.
Back then, the 1968 financial crisis forced the two-tier gold market where gold began to trade openly in London in 1968.
Gold rallied to $44, finally forcing the first crash in the gold standard. The solution was to allow a two-tier market, where the fixed rate was between countries, and the private market was allowed to float.
I remember well that in 1970, just BEFORE the fixed exchange rate collapsed in August 1971, gold fell on the London market to $34.70 BELOW the official fixed rate after it had risen to $44 in 1969, which forced the first crack in the fixed exchange rate system.
The pressure persisted, but gold fell below the official rate in 1970, and then, by August 1971, President Nixon was forced to close the gold window. In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against the countries that had supported Israel at any point during the 1973 Yom Kippur War.
It was the bias of academia in Economics that followed Marx and then Keynes. In both theories, economists advocated intervention. Thus, economists marketed themselves as all-powerful, and they could direct the government on how to better manage the economy to eliminate the business cycle.
To this very day, academia refuses to accept the business cycle, for they always want to preach EQUALITY and fairness and constantly point to the disparity of wealth as if everyone should have exactly the same. So, they will NEVER accept my research because most of the academics follow these interventionist theories. It’s not something personal, it is just the way academia operates.
Posted originally on Jul 11, 2024 By Martin Armstrong
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.
Posted originally on Jul 11, 2024 By Martin Armstrong
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.
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.
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.”
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.
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.
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
Posted originally on Jul 9, 2024 By Martin Armstrong
I have often been asked the question, WHY did the Greek denomination of the stater comply with the 8.6 frequency of the Economic Confidence Model? The silver stater minted at Corinth was 8.6 grams (0.28 oz) in weight, which was divided into three silver drachmae of 2.9 grams (0.093 oz). Its rival city-state was Athens, and their silver didrachm (two drachmae) weighed 8.6 grams (0.28 oz), while their Athenian silver tetradrachm (four drachmae) weighed 17.2 grams (0.55 oz).
What we do know is that the ancient Babylonians calculated the area of a circle by taking three times the square of its radius, which gave a value of pi = 3. One Babylonian tablet (ca. 1900–1680 BC) indicates a value of 3.125 for π, which is a closer approximation.
The Rhind Papyrus (ca.1650 BC) gives us insight into Advanced Ancient Egyptian mathematics. The Egyptians calculated the area of a circle using a formula that gave an approximate value of 3.1605 for π (a 0.6% margin error, extremely good even by modern standards) 4000 years before that value was fixed at 3.14. We know that the Great Pyramid’s estimated dimensions are based on Phi, which only varies by 0.025%. A pyramid based on Pi varies by only 0.1% from the Great Pyramid’s estimated dimensions.
The first Greek calculation of π was done by Archimedes of Syracuse (287–212 BC), who was one of the greatest mathematicians of the ancient world. Archimedes approximated the area of a circle by using the Pythagorean Theorem to find the areas of two regular polygons. Since the actual area of the circle lies between the areas of the inscribed and circumscribed polygons, the areas of the polygons give upper and lower bounds for the area of the circle. Archimedes knew that he had not found the value of π but only an approximation within those limits. This way, Archimedes showed that π is between 3 1/7 and 3 10/71.
Even when we look at the coinage of Syracuse, located in Sicily, we see the same standard. This is a Dekadrachm, which is 10 drachms of 4.3 grams each. We have no ancient text to resolve this mystery. It certainly appears that the coinage was based upon this understanding of Pi.
It remains a mystery why their monetary system was established at 8.6 grams. No accounts indicate why they chose this weight. I can only say that perhaps they intentionally made this a Pi derivative.
Prehistory is the period of human history between the first known use of stone tools by hominins c. 3.3 million years ago and the beginning of recorded history with the invention of writing systems. There has long been a problem with academia in every field. Once they establish a belief, they simply defend it to the last dying man. They have done that with Historia Augusta insisting that it was fake because they did not hear of certain names of Roman Emperors during the 3rd century AD. Coins, such as Saturninus and Proculus, were discovered, which clearly established that academics were wrong. To this day, even Wikipedia claims its authenticity is questionable. “The true authorship of the work, its actual date, its reliability and its purpose have long been matters for controversy by historians and scholars…”
The NETFLIX show of Graham Hancock and his Ancient Apocalypse is an excellent show where he presents his “pseudoarchaeological theories” about the alleged existence of an advanced civilization active during the last ice age. What I can say is that Scientists have recorded five significant ice ages throughout the Earth’s history: the Huronian (2.4-2.1 billion years ago), Cryogenian (850-635 million years ago), Andean-Saharan (460-430 mya), Karoo (360-260 mya) and Quaternary (2.6 mya-present). In addition, there have been about a dozen major glaciations that have occurred over the past 1 million years. These appear to be natural cyclical events that also align with the Earth’s passage around the universe. The largest such event peaked around 650,000 years ago and lasted for 50,000 years.
Hancock’s theory of civilization prehistory being destroyed by the last Ice Age, also appears to align with the legends of the Great Flood that in the Bible is said to be Noah. That most recent glaciation period or Ice Age, reached peak conditions some 18,000 years ago before giving way to the interglacial Holocene epoch 11,700 years ago. There are accounts of a great flood that appear in virtually all the earliest recordings of history.
The story of Noah’s Ark landing in what is a region of Turkey known in ancient times as Phrygia is even celebrated on Roman coins. The Ark depicted on this coin from the 2nd century AD even has the name inscribed “NOAH” on the vessel in Greek. It is entirely possible that this story dates back to the 10,000 BC era and represents the previous civilization of which Hancock has concluded existed.
What we do know is that the ancient is often built upon the ruins of the previous. The ancient city of Troy has several layers. The orientation and dispositions of the Sphinx, the Giza pyramids, and the Nile River relative to one another on the ground accurately reflect the constellations of Leo, Orion (specifically, Orion’s Belt), and the Milky Way, respectively. That does NOT mean that they were constructed 10,000 BC, but something was there previously. The Sphinx does show what appears to be water erosion marking from that period when the area was tropical. It cannot be ruled out that it was originally a lion recarved by the Egyptians thousands of years later.
About eight civilizations collapsed, with the exception of Egypt post-1250 BC. This was caused by a major shift in climate that led to droughts, which resulted in widespread famine that inspired migrations/invasions. This event of 1177 BC was the Bronze Age equivalent to the fall of Rome, for they both were followed by a Dark Age.
Many have attributed this collapse of the Bronze Age to the Sea Peoples, which were most likely northern Mediterranean mass migrants due to the colder climate in Europe. Cline has assembled a nice assembly of sources but missed the climate change. He assumed there was a migration southward. However, we can see that the first dip to the cold came about 1,800 years ago. We can see that the all-time high temperature was about 3,300 years ago.
The collapse of the Bronze Age was mostly complete by about 1100-1000 BC. Our computer has identified a 1720-year cycle beginning in the Dark Ages with the fall of Rome in 476 AD when the last pretend Emperor reigned (Romulus Augustus (575-476AD)). Our model highlighted the cycle between the Dark Ages of 1720 years, which brings us to 1244 BC — right on target for the beginning of the collapse of civilization.
All other civilizations collapsed, with the exception of Egypt post 1250 BC, but even that was greatly diminished. In school, they taught the linear version of the Sea Peoples who invaded to destroy. That storyline has long been way too simple, and Eric Cline brought a new perspective, linking it to drought and famine and the Sea Peoples, which he believed was more of a mass migration southward.
However, in addition to that, there is a major cycle on a fractal basis, which is 3096 years. Our computer has projected that there would have been a warming period of about 10,465 years again, which would have probably coincided with the thaw of the last Ice Age, which may have produced the Great Flood.
The Tropic Belt has been gradually moving northward since 1970. There is debate over what is even causing that. Nevertheless, we now understand that even the Tropic Belt is subject to cyclical movement, which may also explain the shift from a lush green environment as late as 6,000 years ago, which then turned into a desert in the Sahara. Curiously, this is about the length of recorded history. This, too, may be contributing to the illusion of global warming created by man.
All I can say is that the monetary system to have aligned with our 8,6 ECM frequency might be that this was ancient knowledge that has also been lost. They did not have TV back then and spent much time mapping the heavens. They may have discovered that Pi was indeed the secret cycle of the Universe.
I like Elon Musk for his innovative mind and willingness to speak out against the establishment. Is he part of the controlled opposition? I did not believe it to be true until his recent dealing with the World Economic Forum. Musk himself deemed the ESG policies of the WEF to be “satanic” only one year ago, but now, he has appointed a WEF board member to act as CEO of X.
X (formerly Twitter) is now part of the Global Alliance for Responsible Media (GARM). The World Economic Forum states on its website that GARM will help the 3.8 BILLION internet users to sort through real vs fake news through censorship, taking on the role of judge and juror. “Together, [GARM] is collaborating with publishers and platforms to go more to address harmful and misleading media environments; and to develop and deliver against a concrete set of actions, processes and protocols for protecting brands,” the website notes.
Is this purely business? Ad revenue on X has decreased by half since Elon’s acquisition. X has been accused of allowing hate speech on disinformation to reach its 250 million daily active users. Its userbase has not increased in a meaningful way since Elon’s takeover in November 2022, far undermining Musk’s goal of 600 million daily active users by 2025.
X was one of the last social media platforms that did not censor its articles and it had become the number one social media platform used by world leaders to share messages instantaneously. TikTok now seems to be the final frontier for free speech, but the ban is pending, and many wrongly believe China is using it to collect user data. The globalists have ruined the internet, which was once an incredible medium for connecting people and ideas globally. One of my recent interviews with Palisades radio was removed from YouTube for “disinformation” regarding COVID-19, despite the fact that I was speaking from well-sourced content. The establishment does not want us to share the TRUTH. Free speech has been banned from cyberspace.
Posted originally on the CTH on July 7, 2024 | Sundance
We knew it was going to happen this way, that’s why CTH didn’t join in the initial celebration when French President Emmanuel Macron announced the snap election. France is ground zero in the EU for U.S. interference via the U.S State Dept/CIA operations. Macron is a tool of the far left, who are controlled by the intelligence apparatchik.
When the first round was over, CTH said, “Macron will instruct his centrist seats, who lost, to organize their votes for the far-left socialists, thereby blocking the National Rally party from gaining a working majority. Just like the radical leftists in the USA (Democrats), Macron’s followers will do exactly what they are told to do.” {LINK} Well, that’s exactly what happened.
When the Macron coalition started resigning to support the communists, CTH again said, “For this second round of the election, President Emmanuel Macron and Prime Minister Gabriel Attal have organized 210 candidate exits.” … “All of the opposition research files on the Marine Le Pen supported nationalist candidates are being dropped in advance of the Sunday election, in an effort to stop the conservative French from achieving victory. These are all direct plays from the revolutionary communist playbook.” {LINK} Well, again, that’s exactly what happened.
[…] French Prime Minister Gabriel Attal says he will resign. This comes after projections show a leftist coalition has surged to the lead in legislative elections. Final election results are expected on Monday.
[…] They had just days to come together. The leaders of France’s left-wing parties have acknowledged they made compromises to unite in an effort to keep the far-right National Rally party from taking power in France.
The coalition calls itself the New Popular Front, named after a similar coalition formed in the 1930s against the rise of fascism in France. It includes environmentalist parties, the French Socialists and Communists and the hard-left France Unbowed party. (read more)
As anticipated…. “It really is remarkable to watch the similarities between left-wing politics in the USA and left-wing politics in France. Historically, and in actual practice, we see this similarity as history rhymes and repeats. In both instances, you will note how the “mainstream” Democrats align with the communists to stop the majority of commonsense patriots.
In the USA, Democrats enjoy the activity of their foot soldiers in Antifa (Occupy Wall Street, Black Lives Matter, or RevCom etc.) In France, the Democrats (NPF), within Macron’s camp, enjoy the activity of Black Bloc (the EU Antifa socialists and communists).
Now, watch what will happen with the socialists/communists in charge. This is what those new majorities previously pledged they would do:
(Via Bloomberg) – France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government following legislative elections that run through July 7.
Eric Coquerel provided the figure in an interview in Cnews television, saying that the New Popular Front’s proposal would pass muster with French courts and wouldn’t be considered confiscatory because it would only have an impact on the highest portion of a taxpayer’s income.
While Coquerel, who presided over the finance committee at the National Assembly before its dissolution on June 9, didn’t specify the level at which the 90% rate would apply, the plan was previously in the program of his far-left France Unbowed party. In a budget amendment proposed in 2019, the top rate would apply on taxable income over €411,683 ($440,213).
The income tax rate in France currently tops out at 45% on income over €177,106. (more)
To stop the commonsense, pragmatic and ordinary patriotic French people from having a voice. The centrists in the French government have now given the majority of their legislature to the communists and socialists.
“The Nationalists will act flummoxed, stunned, jaw-agape, just like good little French Republicans. The French people will wonder what happened just like American conservatives. Wash – Rinse- Repeat.
Posted 0riginally on Jul 6, 2024 By Martin Armstrong
The French LEFT is rioting over LePen’s victory in the first round. This is what we should expect in the United States, for regardless of who wins the election, neither side will accept the result. The West is crumbling for politics has become so polarized that civilization is no longer viable. This is what 2032 is all about. It is simply intolerable that one side thinks it is their turn to oppress their opposition. We cannot stand as single nations with such hatred.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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