Revelations – Are We In The End Days? 1,000-Year Cycle


Posted originally on May 17, 2024 By Martin Armstrong 

End Of World Aethelred2 1000AD English Silver Penny

Various cultures and religions have been concerned about the end of time looming throughout history. Aethelred II (978-1016 AD) was so convinced the world was about to end in 1000 AD that he removed his portrait from the coinage and placed the Christian symbol of the lamb on it. The world did not end, and he restored his portrait the year after. Why is there this need to constantly scream the end is near, which seems to plague Western society?

Turn the economy down, and you will find major upheavals in religion. To whatever extent our model may align with religion or even astrology, rest assured that neither are inputs into Socrates to make forecasts. So, I have found these prophecies of various religions interesting.

Marx Religion Opium of Masses

In our Western culture, we think everything is linear. I always found it interesting how Revelations 20, clearly lays out a cycle.

[7] And when the thousand years are expired, Satan shall be loosed out of his prison,

[8] And shall go out to deceive the nations which are in the four quarters of the earth, Gog and Magog, to gather them together to battle: the number of whom is as the sand of the sea.

The Bible describes a cycle. Some have interpreted this cycle as 6,000 years up, 1,000 down, and then it repeats. These are interesting times no doubt. Are they Biblical in proportion? No one knows the answer to that. But many always preach doom and gloom right down to Y2K and the Mayan calendar ending. They cling to the latest topic and go. It was the year 1,000 AD when the Last Judgment was to take place, according to popular conjecture. It did not. But it did start the pilgrimage movement from Europe to the Holy Land, and that led to the creation of the Knights Templar to protect the pilgrims. It ushered in a rebirth of trade that created merchant banking and then sovereign debt. This also sparked the Crusades. So, even wrong interpretations can have profound impacts.

Crusades

One indeed begins to wonder what will happen to the human race. Technology keeps on advancing with greater and greater power, either for good or for destruction, as the government desires to eliminate all rights, privileges, and immunities. But this is part of a constantly repeating cycle.

Government is the enemy of the people. Historically, it has always been. They seek only one thing—power over others. They will do anything to retain that power. They cannot sleep at night worrying that someone has something they want or is doing something they do not approve of. This is part of a long cyclical process where government is always the great evil empire, for it ultimately always seeks to dominate the people regardless of what form it has taken.

If we take this 1000 years to be literal, this is by no means the end of the world. Yes, it may be a Great Reset, but our computer shows they will NOT win, and we are headed into the rising tide of civil unrest around the globe, which is revolutions and the prospects of international war.

Marx ten commandments socialism

Then there is the passage from Peter about a day being like 1,000 years. All I can say is the computer is non-biased and non-religious, and it simply looks at all the patterns throughout history. People will act the same way no matter what century they live in because human nature has never changed since Cain murdered Abel out of jealousy. We have advanced technologically but not emotionally.

Peter 3:8–9 reads:

“But do not forget this one thing, dear friends: With the Lord a day is like a thousand years, and a thousand years are like a day. The Lord is not slow in keeping his promise, as some understand slowness. He is patient with you, not wanting anyone to perish, but everyone to come to repentance.”

Moses_with_the_Ten_Commandments

Even when we look at the Old Testament, we find cycles abound. Following the Ten Plagues to hit Egypt, Moses led the Exodus of the Israelites out across the Red Sea. However, After 40 years of wandering in the desert, Moses died within sight of the Promised Land on Mount Nebo. Moses did not make it to the promised land, so they wondered for about half the duration of an ECM wave. The fact that the prophets understood a year as 360 days is well established and can be seen in the prophecies of Daniel and Revelation as seen in the use of “time, times and half a time” (i.e. 1+2+0.5=3.5), “1,260 days” and “42 months.”

There is an agreement among Christianity and Islam that the end days will be similar. In Jewish eschatology, they are concerned with events that will happen at the end of the day. This includes the ingathering of the exiled diaspora, the coming of a Jewish Messiah, the afterlife, and the revival of the dead Tzadikim. Interestingly, on the slopes of the Mount of Olives, which I visited in the early ’80s, east of Jerusalem, and within sight of both the Temple Mount and the al-Aqsa Mosque, there lie about 150,000 Jewish graves dating from ancient times through today. Many of the bodies are buried with their feet toward the city, because ancient prophets declared that the resurrection would begin there, and the faithful would rise and follow the Messiah into the Holy City.

So, there is agreement among the main religions that the end of days or time awaits us. I do not know if this is the second coming. All I can do is provide the non-biased, non-religious forecasts of what is unfolding for the signs in the data. I do not dismiss that we will end up in World War III, but I also see that we should expect rising civil unrest and revolutions that will overthrow these pretend elected officials.

The computer agrees there is a great confrontation being thrust upon us as this Great Reset. Our computer shows that this is NOT the end of the world, but indeed a Great Reset where nations will fall but this is more like the final battle against communism. I am not a religious scholar and I am only trying to look at this and rationalize it with our computer forecasts which I do trust.

The Dow Hits First Target 40,000 – What’s Next?


Posted originally on May 17, 2024 By Martin Armstrong 

COMMENT: It is baffling why you are not on the front page of the WSJ, Barons, London FT, NY Times, and every financial newspaper claiming to be interested in markets. In the ’80s, when the Dow was 1,000, you forecast it would reach 6,000 by 1996. On the day of the 1987 low, you said the market would make new highs by 1989. You forecast the Nikkei high at 40,000 for 1980. Even after the 2007-2009 crash, you said the low would hold, and we would see new highs. In at least 2013, you said the Dow would test 40,000. You have correctly forecasted every crash and every high, yet the pretend main financial press will never report the truth.

You have shown the world that forecasting from a quantitative view rather than opinion is possible. My hat is off to you. You get standing ovations at conferences. You are a world teacher.

See you in London.

LS

REPLY: Thank you. I think the bias stems from what I experienced in school. The physics professor said nothing is random, and in economics class, they said it is random, like a drunk walking in the park staggering back and forth. So, we can follow Marx and Keynes and manipulate society to produce the perfect world.

Barrons
Djow New High Barrons

Even in 2013, the first projection was 40,000. In 2018, I again warned that 40,000 was not the extreme target but the medium range. You have to comprehend that everything is connected. You cannot have the Dow going to 40,000 and nothing else happens. The question now is that with the Neocons pushing for World War III before the economy and Europe also in desperate straight needing war, we have a clash of trends converging where there is nearly $11 trillion in US debt maturing this year, which I warned about on Feb 18, 2024.

ECM Eonomic Confidence Model Public Private MA

Do we get the knee-jerk reaction when people realize we have a DEBT CRISIS about to smack us in the face BEFORE the election? Or do we need war to get the foreigners to buy the debt that China will not? How long will it take people to figure out you need to hide in private assets – not public? That will dictate the length of a knee-jerk correction. This is why it takes a computer to make such projections – not personal opinions.

Time Magazine 2009

History dictates that they will only look at what I have done after Scotty has beamed me up – rarely ever before without a major crisis. That is just the way the prejudices and biases exist in human society. You will never extinguish them. Good and bad, that’s what makes us all human. Still, from time to time, there have been some who reported the forecasts.

Asia Kabushiki Shinbun – February 6 1995

Dow Passes Record-Breaking 40,000 Midday – Jan 2020 Forecast Comes to Fruition


Posted originally on May 16, 2024 By Martin Armstrong

The Dow surpassed 40,000 during midday trading for the very first time this Thursday. In a January 2020 interview with Andrew McCreath from BNN Bloomberg I explained that the Dow was heading up. The video was posted with the headline “DOW 40,000” and everyone dismissed my forecast as if it were my own personal opinion. I made similar statements in other interviews, such as my interview with Financial Sense five years ago in August 2019. I reiterated this forecast in a 2021 interview and continued to stick by the computer without relying on personal opinion.

I was asked how I knew then that we’d be where we were at now. My answer is the same — I just follow the models.

The Dow was 29240 on the day of the interview with BNN Bloomberg, and while many feared a correction was coming, I explained any dip was likely short-term in nature and that it would need to drop below 19000 to be truly considered a bear market – BUT that fell on deaf ears. Even with the notable COVID dip that soon followed this interview, the market bounced right back to new highs thereafter and the models stayed on track over the long term. We experienced one of the most HATED bull markets in history. Despite all of the turmoil over the years, The Dow consistently went up for over a decade but all the talking heads insisted it would go down.

DOW JONES dollars

So what’s next, as indicated by Socrates? The computer sees the Dow rising to 65,000 by 2032 when we are likely to see a change in not just the markets but governments worldwide. Governments throughout the world are still in trouble and the money remaining on the grid is fleeing into the US.

Watch the Dow for it will show you where the international money is flowing. The big players are not interested in small tech or companies that could go under. The S&P 500 is domestic-oriented, and fund managers and institutions tend to focus on this index. The NASDAQ typically reflects retail, often tech-heavy, and usually does not peak at the same time. Each index offers a completely different perspective. The Dow Jones Industrials is the big money. You will notice that this index leads the way. It is the first out of a key low because it is typically the foreign capital based on currency. You will also notice the Dow tends to top out first because the big money tends to pull out first also due to currency.

Capital is flowing like never before, and the smart money is on the move. Socrates users have access to our capital flow heat map that shows where money is moving in real time. The USD remains the last safe haven, and money is pouring into the US.

 

US Home Prices Nearing All-Time Highs


Posted originally on May 3, 2024 By Martin Armstrong 

House US Real Estate

Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as taxes. Yet, at the moment, buyers are swiping up real estate where available. The S&P CoreLogic Case-Shiller posted a 6.4% gain in February after January’s 6% spike, marking the fastest uptick in home prices since November 2022.

The 20-city composite jumped 7.3% on an annual basis, rising from January’s posting of 6.6%. The 10-city composite saw an 8% annual rise, up from 7.4% in January. February was the third consecutive month of rising home prices in all cities, with Washington D.C., New York, San Diego, and Los Angeles experiencing all-time highs in price.

San Diego saw an 11.4% annual rise in home prices, the largest jump in the 20-city composite. Detroit and Chicago posted 8.9% annual gains. Yes, we will eventually see the red states surpass the blue. Smart money is moving into assets like real estate. The downside of real estate is that they impose a property tax on it annually, but investors enjoy that passive income.

There is a notion of “now or never” among first-time buyers as it simply no longer makes sense financially to rent. A person’s ability to qualify for that first downpayment has diminished with rising rental costs. Rental costs increased 3.15% from February 2023 to February 2024, further rising to 3.6% annually in March of this year. This is close to the pre-pandemic growth rate of around 4.1%, but rental pricing is up 36.6% from the pre-pandemic era. While difficult to judge on a national basis, the average rental now costs $1,983 per month, but it is much higher in places like New York City ($3,206 average) or San Francisco ($3,024) hence why we are seeing people sweeping up real estate there.

Shelter is 34% of CPI. The April 10 release from the Bureau of Labor Statistics found that shelter costs have risen for the past 40 months. In March, shelter costs were the largest contributing factor for core inflation. Rising home prices will not benefit the economy or lead to any positive indicators that inflation is waning.

Interview: Are We On the Brink of Economic Collapse


Posted originally on Apr 27, 2024 By Martin Armstrong 

Insurance is Always a Scam – Beware – They Pay NO CLAIMS in time of war


Posted originally on Apr 20, 2024 By Martin Armstrong 

Loyds refuse to pay for NordStream R

Loyds Nord Stream v (1) LIC and (2) Arch – CL-2024-000094 – Defence

Switzerland-based Nord Stream AG filed a lawsuit against the insurers for refusing to compensate the company. Nord Stream estimated the cost incurred by the attack to be between €1.2 billion and €1.35 billion and is seeking to recoup over €400 million in damages. The insurers, Lloyd’s Insurance Company and Arch Insurance Company responded that since the Nord Stream explosions were “more likely than not to have been inflicted by… a government,” they have no responsibility to pay for damages to the pipelines.

British insurers took the position that they have no obligation to honor their coverage of the Nord Stream pipelines because they were blown up in September 2022, because they were destroyed as an unprecedented act of sabotage, most likely carried out by a national government. They have contradicted reports of the Washington Post and others claiming that a private Ukrainian team was responsible for the massive act of industrial sabotage.

In their legal brief, you can download above, filed by Lloyd’s and Arch Insurance Companies, they state that the “defendants will rely on, inter alia, the fact that the explosion Damage could only have (or, at least, was more likely than not to have) been inflicted by or under the order of a government.”

Consequently,  they argue, “the Explosion Damage was “directly or indirectly occasioned by, happening through, or in consequence of” the conflict between Russia and Ukraine and therefore falls under an exclusion relating to military conflicts. This is important because regardless of your insurance, going into war means they will never pay any claims. Personally, I have NEVER had any insurance company EVER pay what I was covered for. When I die, I am sure they will claim that he is a clone and he is hiding somewhere.

A tree once fell on my brand-new car in a storm. It was then sent to Bordentown Autobody to be repaired. They burned down with my car in it. Allstate Insurance screwed me because I paid cash for the car, and as soon as they knew no bank was involved, they claimed there were two deductibles and subtracted about 25%, knowing that would be my legal fees to make it UNREALISTIC to sue them. Insurance is ALWAYS a scam.

The Eclipse of ’24 – Good or Bad Omen?


Posted originally on Apr 9, 2024 By Martin Armstrong 

Eclipse 2024
Aug Comit

Since ancient times, eclipses and comets have been omens of good and bad events. The Babylonian priests saw the connection between geopolitical events on Earth and the movement of the stars in the heavens and gave birth to astrology. But they also could see the cycles in everything and were rather good at predicting eclipses. They could easily impress the naive public that they possessed the power to make the sun disappear on their command. I’m sure someday Biden will probably still have such fantasies. So, is the Total Eclipse of 2024 an omen of a market crash or World War III? 

Solar eclipses have been observed throughout history. As expected, they have often been seen as omens and comets. We hear that the star of Bethlehem announced the birth of Jesus. Still, the comet that appeared the night Julius Caesar was assassinated has been historically recorded on coins, proving his divinity. So, was the total eclipse of 2024 a good or bad omen? Some point to the July 18th, 1860 total eclipse forewarned of the coming civil war. Is that what historians will look back on this 2024 total eclipse as a forewarning of war?

The appearance of a comet at the time of Julius Caesar’s death promoted his divinity for political purposes. His nephew Octavian, later to be given the name Augustus by the Senate (27BC-14AD), issued coins with the comet that appeared at the time of Caesar’s death with the legend: DIVVS IVLIVS (Divine Julius). This was self-serving and used as justification for his rule as the first Emperor of Rome, beginning the Imperial Era. But that was not Haley’s Comet.

Tigranes II the Great 95 56 BC.AR Tetradrachm Haleys Comet 1024x688

Halley’s Comet was recorded as early as 467 BC by the Greeks. The Chinese chroniclers also mention a comet during this year. However, the Chinese astronomer Shiji also recorded its appearance in 240 BC. The Babylonians recorded its appearance in 164 BC in two clay tablets in the British Museum. Again, the Babylonians recorded its appearance once more in 87 BC. It was this appearance that lasted for about one month was celebrated on the coinage of Tigranes II the Great, an Armenian king who is depicted here on coins with a crown. It was portrayed as ushering in a New Era of the brilliant King of Kings. Tigranes II the Great issued the earliest coin depicting Haley’s Comet, represented by the star in his crown.

Augustus Haleys Comet

Haley’s Comet appeared around 12 BC and was recorded in the Book of Han by Chinese astronomers of the Han Dynasty. They tracked it from August through October during 12 BC. According to the Roman historian Cassius Dio, a comet appeared almost suspended over Rome for several days at the time of the death of Marcus Vipsanius AgrippaAugustus’ close friend. He issued a coin depicting Agrippa with a comet above his head, recording that event.

Herod I The Great AE Eight Prutot

There has been considerable debate about whether Halley’s Comet was also the Star of Bethlehem. Its appearance in 12 BC is not that distant from the conventionally assigned date of the birth of Jesus Christ, which ranges from 6AD to 4AD. This is based mostly on the biblical story of Herod the Great. It was not long before Herod’s death, which is generally attributed to having occurred in 4BC, but even that is disputed.

Referencing the Haley Comet connection, some theologians and astronomers have also suggested that this might explain the biblical story of the Star of Bethlehem and provide a more documented confirmation of his birth coinciding with the time of the death of Agrippa. However, there are also records of other comets that appeared closer to the date of Jesus’ birth.  In a 1991 article in the Quarterly Journal of the Royal Astronomical Society, astronomer Colin Humphreys proposed that the Star of Bethlehem was a slow-moving comet, which Chinese observers recorded in 5 BC.

Then, a third theory was put forth in 2008 by the astronomer Dave Reneke, who argued that Jesus was born in the summer. The Star of Bethlehem, Reneke argued, may not have been a comet at all, but Venus and Jupiter came together to form a bright light in the sky. The Jewish historian Josephus tells us:

“So Herod, having survived the slaughter of his son [Antipater] five days, died, having reigned thirty-four years, since he had caused Antigonus to be slain, and obtained his kingdom; but thirty-seven years since he had been made king by the Romans.”

[War of the Jews, 1:33:8 (665); cf. Antiquities of the Jews 17:8:1 (191)]

Therefore, Josephus is providing key target dates for Herod’s death correlating three events:

Five days after the execution of his son Antipater.
Thirty-four years after he “obtained his kingdom” referring to his conquest of Jerusalem
Thirty-seven years after “he had been made king by the Romans.”

However, total eclipses have also been important omens where people have correlated human events to these events in the sky.

Wheat 1919 1932 14 Year Decline

The 1919 eclipse, known as the Einstein Eclipse (Test of General Relativity), also marked the peak in the markets following World War I and the Great Crash. But the total eclipse of August 1932, they said, confirmed the July 1932 low of the stock market in the Great Depression, while others said it forewarned of the new against of Socialism ushered in by Roosevelt. Was the 1932 Eclipse the doomsday omen that would set in motion the debt crisis that would bring the United States down by 2032?

Yet eclipses have also been seen as major markers of events such as the Crucifixion of Jesus. The Christian gospels say that the sky was darkened for hours after the crucifixion of Jesus, which historians viewed either as a miracle or an omen of dark times ahead. Later, historians used astronomy to pinpoint the death of Christ based on this eclipse story. Some historians tie the Crucifixion to a total solar eclipse lasting 1 minute and 59 seconds that occurred in the year 29 AD. In contrast, others say a second total eclipse, blocking the sun for 4 minutes and 6 seconds, aslo took place in 33 AD, marking Jesus’ death.

Tiberius Aureus

The Vatican Codex, the oldest copy of the Greek Bible, speaks of the solar eclipse in the Book of Luke. This is supported by a Greek historian named Phlegon, who recorded a solar eclipse in the same period. Phlegon wrote a history entitled The Olympiads, in which he recorded a three-hour eclipse of the sun during the reign of Tiberius (14-37AD). There was also a major earthquake during the reign of Tiberius that wiped out Asia.

Tiberius Restore Asia R

In fact, here is a sestertius issued by Tiberius declaring it was issued as relief for the Great Earthquake in Asia, which was devastating. It was so bad that Tiberius waived all taxes for five years and donated 10 million of these coins for the relief of the victims. Yet what is very interesting is the fact that the eclipse of 33AD was also timed with the Great Financial Panic in Rome. The Financial Panic of 33AD provides one of the few detailed accounts of events recorded by the ancient historian Tacitus (56–117AD).

Where a comet (Star of Bethlehem) marked the birth of Jesus, it was an eclipse that marked the birth of Mohammed. The Koran mentions an eclipse that preceded the birth of Mohammed. Historians later tied this to a total eclipse that lasted 3 minutes and 17 seconds in 569 AD. The sun also disappeared for 1 minute and 40 seconds after the death of Mohammed’s son Ibrahim.

Eclipses of the Sun are truly awe-inspiring monumental events that have fostered legends and correlations to world events. Many early cultures have viewed these eclipses as omens of the coming end of the world. The very word “eclipse” is Greek in origin, meaning abandonment, desertion, or relinquishment.

Egyptian Eclipse Sun God

In China, India, Southeast Asia, and Peru, the belief was that great dragons or demons attacked the Sun during such eclipses, trying to devour it. The ancient Egyptian myth of the snake Apep that attacks the boat of the Sun god is believed now to refer to solar eclipses. There was the total eclipse of 1374/1375BC known as the Ugarit Eclipse, recorded in the Early Mesopotamian Records.

“On the day of the new moon, in the month of Hiyar, the Sun was put to shame, and went down in the daytime, with Mars in attendance.”

This was the Age of Amarna, which lasted only about twenty years. We know that Ra was the Egyptian Sun God, so we can understand how an eclipse would be very significant to the Egyptians. This Age of Amarna appears to be greatly influenced by solar eclipses. William McMurray and others have written papers suggesting possible correlations between solar eclipses and historical events, like the founding of the city of Amarna. This revolutionary period of the wealthy Pharaoh named Akhenaten dramatically changed every element of the very way of life in Egypt as he pursued his self-proclaimed monotheistic deity, the Aten sun disk. He ordered the construction, from scratch, of an entire city in the vast desert sands of Middle Egypt. He called it Akhet-Aten, the “Horizon of the Sun Disk.” Today, it is called the city of Amarna. The image of Ra, the ancient Egyptian deity of the sun, always appeared with a sun disk resting on his head from this period forward. The Egyptians aligned their buildings to solstices and equinoxes, even at Amarna, as did the Maya in South America.

Tutankamun Coffin

His nephew Tutankhamun ruled for ten years after him with his incredible wealth, but the young boy king and his court abandoned the city after only three years. The Age of Amarna also coincided with the rise of the warrior Hittite Empire, which fought to conquer Egypt for six decades. This warfare brought the bubonic plague from the East, which devastated both empires, including royalty.

Statue Liberty 1

Solar eclipses are never mentioned explicitly in Egyptian writing. The cult of the Sun god Sol came from the East and the Statue of Liberty with the sun rays projecting from her head is a representation of Sol in ancient times. The cult was Sol Invictus, or the invincible sun that reappeared every day. Sol was depicted with rays of sunlight coming from his head.

Sol_Invictus_Halo

Not only was Sol the model of the Statue of Liberty, but December 25th was his feast day. It was so popular that the Christians just made it Christmas since they did not know Jesus’ birthday. An eclipse was a serious event since Sol Invictus meant he returned every night after battling against the Moon and appeared victorious.

WW3_fears_explode_as_Putin warns US within range nukes

So will this mark a major turning point as we head into the ECM turn on May 7th? Some markets are making highs and geopolitical tensions are rising. What I find most alarming is the media keeps portraying Putin as threatening the USA. They never heard of the maxim, barking dogs do not bite. The media refuses to look at the American Neocons and NATO who are doing nothing BUT pushing for war. Putin is warning them that he will not go down without a fight. They keep telling everyone in Washington Putin would NEVER use a nuke because he knows we would retaliate. But if I was Putin and my country was being invaded, I would push the button. This idea that Russia can be conquered without firing a nuke is insane and they know that. They are in bed with the Climate Change morons who want to reduce the world population by at least 2 billion if not 4 billion. Putin is trying to talk common sense here but mainstream media refuses to relent.

We are in 19 cycles of 8.6 years from 1860. It does not look good, and this Total Eclipse just may be looked back on by historians as the turning point in human history. We are saddled by the worst political leadership around the world in my lifetime.

Can Socrates Predict the Lottery?


Posted Apr 4, 2024 by Martin Armstrong

lotto

Can Socrates predict the lottery? We ran tests on that probably 30 years ago, and the results were interesting. No matter what it is, there is always a cycle. You cannot predict the lottery number as a whole, for the possible variables are tremendous.

In the past few years, we have seen continual advertisements for record-breaking jackpots, but this is not some mere game that you can strategically win. You must realize you are betting against the government, and the house never loses.

Desperate for funds, the government has seemingly been promising larger jackpot prizes. Now, they claim that 65% of their earnings will go to the person with the winning ticket. The federal government takes a mandatory cut of all jackpot winnings and pushes all winners into the top tax bracket. State governments also demand a cut of jackpot winnings. There is a fee for public beneficiaries, retailer commissions, and administration costs as well.

You have a 1 in 292.2 million chance of winning the Powerball lottery and a 1 in 302.6 million chance of hitting the Mega Millions lottery. However, you’re more likely to be struck by lightning (1 in 15,000), attacked by a shark (1 in 3.75 million), or die from a bee sting (1 in 55,764), to name a few.

In addition to collecting taxes on winnings, the government receives tons of funding from ticket purchases. New York, the most popular state for lotto, earned over $10.545 billion from lottery revenue in FY23, allocating $3.7 to the Lottery Aid Education fund. This is a stark jump from FY21 when the state earned $8.5 billion on lottery revenue.

The likelihood that you, as an individual, will win is extremely rare. The likelihood that the government will win is absolutely guaranteed, and they earn more for extended contests and larger jackpots.

What we did discover was partial success on individual numbers—123456. For example, partial success is running an individual cycle on each digit. Trying to run a cycle on the number as a whole was pointless.

The Progress on National EV Charging Stations


Posted Apr 4, 2024 by Martin Armstrong

Electric Cars

Governments globally are in a rush to transition away from fossil fuels. The US government threw $7.5 billion at the fabricated problem in 2022 to build a network of  EV charging stations. The Infrastructure Law of November 2021 promised to build half a million charging stations throughout the nation by 2030.

So, how is the government doing on this lofty promise? They have built a grand total of SEVEN charging stations in four states since the bill was passed. The Department of Transportation has failed to comment on the slow roll out, while the Federal Highway Administration insists they are carefully choosing their locations, with their paid for politicians claiming it will be “as easy as finding a gas station.”

Electric Car Charing

The government is confident that it can achieve this target as early as 2027 – only three years from now. They make promises without having a plan in place. Biden believes half of all new car sales will be electric by 2030 per the climate change initiative. Only 7.6% of vehicles in the country are electric, and both consumers and the private sector have vocally stated that they do not want to switch away from their current vehicles. It is an unreasonable request. Not only are these vehicles more expensive and less reliable, but there are simply not enough charging stations to make them a viable option.

The government will continue throwing money at the non-existent problem. They awarded $2.5 billion in grants to implement these stations in disadvantaged communities where no one can actually afford to buy an electric vehicle. I have written countless articles about the costs associated with EVs. Funny enough, aside from gasoline, the production of EVs is not climate-friendly in the least.

The real goal is to make car ownership less obtainable. This all falls into line with Agenda 2030 and the plans for 15-minute cities where transportation will be public and not private.

The private sector does not want EVs. They see that the demand is simply not there, and they have been pushing back on these measures. These Marxists who want to seize the means of production fail to realize that there is no progress without innovation, and companies are not going to transition into non-profit organizations to support the climate zealots. In December 2023, over 3,000 auto dealers from all 50 states penned a letter to President Joe Biden, explaining that his target of forcing 50% of all car purchases to be electric by 2030 is unattainable.

The National Renewable Energy Laboratory at the US Department of Energy believes the US needs 1.2 million charging stations by 2030, with the White House aiming for 500,000. They have built SEVEN charging stations. The private sector does not want to manufacture more EVs, and the people do not want to buy them. The government utterly ignores its constituents and expects us to obey its outlandish commands without taking into consideration why policies will and have failed.

A Blast from the Past


Posted originally on Apr 1, 2024 By Martin Armstrong 

1990 Cover PEI_Foreign_Exchange_The_Long_Term_1990

PEI1990 Capital Flows

COMMENT: Marty, I was cleaning out my office. I get around to once every 31.4 years, and I found your report that was controversial back in 1990 when you were at war against the fundamentalists who were always getting it wrong, as they still do today. I scanned it in and thought you should post this for the newcomers. You invented capital flow analysis, and you may not qualify for a Nobel Peace Prize since you advocate for peace rather than war, but you are in a category all by yourself. Being a trader rather than an academic who was in the trenches rather than in an ivory tower. People need to know that.

See you in London

SK

Smith Invisible Hand

REPLY: Very interesting. Yes, they always use war to cover up something else. Hitler and Napoleon were trying to resurrect the old Roman Empire over all of Europe. The days of empire building inspired by the Physiocrats that the wealth of a nation was agriculture, so you conquered nation after nation are long gone. Adam Smith wrote his Wealth of Nations to challenge the French Physiocrats and their view that only agriculture was wealth. He argued that it was the total productivity of a nation that constituted its wealth.

Marx v Smith

Then along came Marx, and the wealth became labor, and he tore apart the economy out of jealousy. He attributed nothing to human imagination, the source of all economic advancement. Communism proved that the government was incompetent in regulating or developing the economy.

Smith highest impertinance

Smith was NOT an academic. He went out to observe how everything truly functioned. The socialists hate Smith because they follow Marx and want to force the economy to function the way they think it should. They reject any concept of a business cycle and come up with stupid theories like Random Walks, for that means that they can then manipulate society because it is all just random.

AI Computing

They are now all in a tissy. The government wants to REGULATE AI, and Biden put our illustrious VP in charge. There is a real threat that they will regulate what they do not understand and, in the process, destroy the industry, as they did with investment advice and force people offshore, giving birth to the Hedge Fund Industry.