Tag Archives: Cultural Marxism

Jun 15 2023

The African Peace Plan is Doomed


Armstrong Economics Blog/War Re-Posted Jun 15, 2023 by Martin Armstrong

The neocons are the only ones thirsting for a world war. Putin has been pleading for peace or any form of conflict resolution. South Africa’s President Cyril Ramaphosa has been discussing a plan to broker peace between Russia and Ukraine and has called on China’s Xi Jinping for support. The details of the African Peace Plan have yet to be released, but it is backed by South Africa, Uganda, Egypt, Senegal, Zambia, and the Republic of Congo. South Africa is looking for China’s support before presenting the plan to Zelensky.

The war has only exacerbated the issues faced by African nations, as food and fuel prices have soared. “We have been talking about as African leaders because we concluded that that conflict in that part of the world, much as it does not affect Africa directly in the form of deaths and destruction to infrastructure, it does have an impact on the lives of many Africans with regard to food security, the prices of fertilizers have gone up, the prices of cereals have gone up and the prices of fuel,” Ramaphosa said.

South Africa is extremely concerned that the war will affect the BRICS alliance, as is China. No one outside of the neocons of the West wants to enter a global conflict. Other nations have been focusing on economic growth and repairing their economies from the disastrously orchestrated pandemic.

“President Xi Jinping commended the initiative by the African continent and acknowledged the impact the conflict has had on human lives and on food security in Africa,” the presidency statement said. The stage has been set with the players on each team now aligning. The nations that do not align with the West are offering Ukraine a last chance to side with them and end this chaos once and for all. The problem is that Zelensky is a puppet of the neocons and has no intention of ending this war, which he is personally profiting on. Russia has also come too far to back down. Is Russia expected to retreat, abandon the territories they deem Russian, and pay billions in reparations to all of the nations who funneled money to Ukraine? It will never happen.

Jun 13 2023

Social Conservatism on the Rise in the US


Armstrong Economic Blog/Politics Re-Posted Jun 13, 2023 by Martin Armstrong

Gallup’s annual Values and Beliefs survey indicates that social conservatism has reached a 10-year high. The intense woke narrative that defies all logic has caused the pendulum to swing in the other direction. Around 38% of all respondents said they are “very conservative” on social issues compared to 33% in 2022 and 30% in 2021. Those identifying as very socially liberal have declined in the past two years to 29%, while moderates represent 31%. The woke agenda has permitted the media, politicians, and classrooms over this time, and Americans are not in agreement.

Republicans are leaning more to the right, with 74% now identifying as very socially conservative compared to 60% in 2021. Independents presented a slight increase year-on-year from 24% to 29%. Younger adults are more likely to identify as socially conservative on issues now compared to prior years, with a six percentage point uptick among the 18 to 29-year-old group over the past two years.

Americans are also more likely to favor economically conservative policies, with 44% saying they are conservative or very conservative and 33% saying their views are moderate. Those identifying as conservative economically averaged 40% from 2020 to 2022, but that figure is now 46%, the highest since 2012. Notably, the poll was distributed during the debt ceiling debate.

While Democrats are still less likely to lean fiscally conservative, there is a shift away from far-left ideologies that have become just absurd. Socially conservative a few years ago did not include pronouns, hundreds of genders, trans children, or sex education in elementary schools. It is refreshing that the masses are not blindly caving to this woke agenda of a genderless society where everyone in the wealthiest nation in the world identifies as a victim.

Jun 12 2023

Biden Vetos Plan to Scrap Student Debt Redistribution


Armstrong Economics Blog/Politics Re-Posted Jun 12, 2023 by Martin Armstrong

Canceling student loan debt was a lofty promise Biden made during his presidential bid. Three years later, he has made no progress. This was one of those single-issue items that caused many to vote for Biden, and he can’t risk reducing his dwindling support. “I’m not going to back down on my efforts to help tens of millions of working- and middle-class families,” Biden said. “That’s why I’m going to veto this bill.”

Per usual, Dem policies that claim to help the middle class only cause more financial pain. What about the working-class families who chose not to attend college due to costs? What about the families who worked hard to pay off their loans? Universities can continue charging massive fees with no end in sight and his administration has done nothing to curtail the costs of college. So there is no plan to fix the real issue that has caused so many Americans to be saddled with student debt that is nondischargeable in bankruptcy due to the repeal of Glass-Steagall by the Clintons. As a reminder, the debt will not vanish in thin air. Taxpayers will be responsible for this burden.

Instead of “relief,” we should call it what it really is intended to be – payment redistribution. The Senate had agreed to undo the damage in a 52-46 vote before Biden shot it down. Even some Democrats disagree with Biden’s plan to pass on the debt to taxpayers. Senator Joe Manchin said the “reckless” plan “forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost.” Democratic Senator Jon Tester and Independent Senator Krysten Sinema agree.

Extremists like Elizabeth Warren said that it’s “shameful” that Republicans want to “claw back relief from public servants.” They are undermining our intelligence. The hated rich use tax loopholes to avoid payments. The burden will fall on the middle and working class, which is entirely unconstitutional. “ The executive branch cannot spend money that has not been appropriated by Congress,” 31 USC 1301 et seq (Antideficiency Act (P.L. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

Jun 11 2023

Hypocrisy of our Time


Armstrong Economics Blog/ECM Re-Posted Jun 11, 2023 by Martin Armstrong

COMMENT: Mr. Armstrong, Your economic confidence model is too good for the corrupt Noble Prize. I have been following you since 1983. Your research into the shift in confidence between the people and government is so in your face today, I can see why you said the dollar may not last beyond 2029. It is hard to see how the US can stand even until 2032.

Keep up your amazing work. We will need you to start all over again.

BA

REPLY: Good to hear from you. Yes, the old days when I use to hand draw the ECM charts.

Jun 7 2023

US Voters Want Economic Growth over Equality


Armstrong Economics Blog/Politics Re-Posted Jun 7, 2023 by Martin Armstrong

Inflation has hurt everyone. It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found that 64% of voters favor policies that contribute to economic growth, while only 27% said they prioritized economic fairness. In 2019, before the last election, only 50% of respondents to the same poll believed that growth mattered more than equality.

Voters have not indicated that they would prioritize economic growth so strongly since 2013, when the US was emerging from the Great Recession. The US economy was strong under Trump; inflation was low, the market was high, and unemployment was low. The coronavirus turned the entire world upside down, and it seems that many associated that economic downturn with the Trump Administration rather than lockdowns. Biden ran on the Build Back Better platform filled with empty promises of free handouts. He prolonged lockdowns, artificially lowering employment data, and then claimed his administration created jobs once the lockdowns were lifted.

The mask has fallen, and Americans are realizing that their quality of life is steeply declining due to the cost of living. Biden and Harris discuss transexuals more than the economy and have only exacerbated the problems we face by opening our borders and sending a blank check to Ukraine. Fairness sounded nice on paper, but then Biden began robbing the middle class through taxation, and the people realized that Build Back Better was merely a trojan horse for socialism. The majority wants America to be a strong capitalistic nation again.