Armstrong Economics Blog/BRITAIN
Re-Posted Sep 20, 2018 by Martin Armstrong
The talk in the city of London is that there is now a rising chance that Theresa May will be gone perhaps by November or by Christmas at the latest. About 50 conservative MPs have been thoroughly fed up with the PM. The split she has caused in the Conservative Party has certainly put the British at risk of swinging left. Now even the Shadow Foreign Secretary, Emily Thornberry, has come out and claimed that there will be a Labour government in power “within six months”. She told the Financial Times: “They [Conservatives] are not capable of governing . . . We’re either going to have a general election in the autumn or we’re going to have it in the spring…”
Meanwhile, Juncker has effectively trashed May’s BREXIT proposals and Thornberry said: “I can’t believe [the EU] won’t give us the additional time to be able to negotiate because they know we have a completely different approach.”
This is the problem with Theresa May, she had voted to remain yet is in charge of negotiating BREXIT. Look for political fun and games in Europe to continue all the way into 2020. We have EU officials concerned about their jobs if the Euro fails and Theresa May who in her heart thinks Britain should go down with the EU ship. What a mess politicians has become on a grand scale globally
Jumpin’ ju-ju bones. Hat Tip to Ezra Levant on Twitter – This is going to go down in the history books of bad diplomacy. You have to watch the first 2 minutes of this video. Canadian Foreign Minister took leave during the middle of critically important trade negotiations with U.S. Trade Representative Robert Lighthizer to attend a Women in the World conference in Toronto.
Check out the conference introduction video (first 01:30) “Taking on the Tyrant”, and the visual of Canadian trade negotiator on stage to deliver her remarks (next 30 seconds). Consider that Ms. Freeland made this decision during the most critical trade negotiations in her country’s modern history. The outcome of the U.S-Canada trade negotiation will determine the next several decades within the Canadian economy. Now Watch:
Think about the level of ideological tone-deafness here. This is simply off-the-charts echo-chamber crazy. Canada needs a positive trade outcome; their economy is already on the ropes; and Freeland considers this a good idea? Unreal.
Armstrong Economics Blog/European Union
Re-Posted Sep 12, 2018 by Martin Armstrong
There is a new Irish political party emerging in the Republic of Ireland to promote leave the EU, which was inspired by the successful Brexit movement. Theresa May has really messed up the entire BREXIT movement and at the same time, this has exposed Europe for what it really is – a power and money grab that has been resentful of the British probably from inception since without Britain, Europe would be speaking French when they stopped Napoleon and the German when they stopped Germany. Without Britain, Europe might not exist as it does today. Then add the Irish who saved civilization for the barbarians burned everything in Europe creating really the Dark Ages and it was the Irish monasteries who saved the old knowledge along with the Arabs.
So now we have IREXIT Freedom party, which has launched in Dublin who want wants Ireland to “take back control” from Brussels. The party plans to run candidates in next year’s European Parliament elections and the 2021 Irish general election. Meanwhile, the European Union is in “mortal danger” warns the budget Commissioner Günther Oettinger and has stated that member states are not complying with EU budget directives. He warned Ital will suffer huge penalties if it does not comply. In reality, we are looking at the occupation of Europe by the EU which conquered the continent with an idea rather than troops and guns as was the approach of Napoleon and Hitler.
Armstrong Economics Blog/Canada
Re-Posted Sep 12, 2018 by Martin Armstrong
Maxime Bernier PC MP is a Canadian businessman, lawyer, and politician, who is currently serving as Member of Parliament for the Quebec riding of Beauce, having been elected four times with a majority of the vote. He has pointed out that it is always the ordinary taxpayers who ultimately have to pay for all these benefits promised by the government. He has argued that the Conservative Party is not doing enough and that it’s just not worth it. He has characterized that people are voting for Trudeau with “rational ignorance” that will lead the nation into disaster. The Globe and Mail reported that 17% of Canadians said they were open to voting for a new conservative party led by Maxime Bernier. Politics is fragmenting everywhere and some see Bernier as Canada’s semi-version of Trump, although he has been a longstanding politician
Armstrong Economics Blog/Greece
Re-Posted Sep 10, 2018 by Martin Armstrong
I really do not think people realize that they are just extras in a political film which is an endless struggle for freedom. There is a book written by Oriana Fallaci which began as an interview of Allesandro Panagoulis. Oriana was a journalist who was interviewing fourteen contemporary political leaders, which included Henry Kissinger, Meir, Arafat, Indira Gandhi, and the Shah of Iran. She sought to understand their personal attitudes and propensities that brought them to such status. She called this an Interview with History.
In the course of her investigations, she wrote A Man about Allesandro Panagoulis who stood up against the dictatorship and oppression of the Greek people. He was imprisoned and tortured for years. Most were stunned that he even survived this treatment. Like Nelson Mandella, the same pattern of imprisonment was followed by the fall of the government and a rebirth back to democracy. Panagoulis took an active role in the fight against the Regime of the Colonels (1967–1974) in Greece. He became famous for his attempt to assassinate dictator Georgios Papadopoulos on August 13th, 1968, and the subsequent endless torture. However, following the collapse of the dictatorship government, democracy was reborn. This is when Panagoulis was elected to the Greek parliament as a member of the Center Union.
Panagoulis discovered that the very people who had tortured him were then pretending to be democrats. Allesandro systematically began to investigate the corruption in the police and the political government. Just two days before all the files of the junta’s military police (the “E.A.T.-E.S.A. file”) he announced would be released, he was assassinated. One of the methods to assassinate a leader so he is not made into a hero is to create what appears to always be an accident. On the 1st of May 1976, a car accident was staged on Vouliagmenis Avenue in Athens. A car drove extremely fast and directed its path to impact Panagoulis. Without a choice and counting on a human reflex, Panagoulis’ car and forced to divert and crash in which he was said to have been killed almost instantaneously. The files never materialized to support the collaboration of corruption of the police in league with Greek officers who worked with Nazi Germany in World War II. These men who killed Greeks served in the Security Battalions who fought for the Germans in 1943-1944. These very people were those who were the leaders of the Colonels’ Regime of 1967-1974 and were torturing Panagoulis. There are no such coincidences in these types of affairs.
Armstrong Economics Blog/Scandinavia
Re-Posted Sep 9, 2018 by Martin Armstrong
The Swedish election has shifted to the right thanks to the Refugee Crisis. The Social Democrats came in with the worst result in decades and the right-wing populists have risen to their best results since their inception. Although the Social Democrats escaped a complete disaster in the parliamentary elections, they have lost a lot to the right-wing populists. The party of Prime Minister Stefan Löfven appears to remain in place. Meanwhile, the currency still appears lower as we move forward in time.
Re-Posted Sep 6, 2018 by Martin Armstrong
QUESTION: Mr. Armstrong; The French have never been real supporters of America and NATO. They have always wanted to be seen as a world power since Charles DeGaul. What is your view on Macron’s answer to Trump’s demand that they pay their fair share of NATO to turn to Russia?
ANSWER: The French President Emmanuel Macron has urged European states to work with Russia and construct new security architecture, in a bid to strengthen defense capabilities within the European Union and thus rely less on America. This is a question of power. NATO exists because of a view that Russia would invade Europe to end capitalism. Those days are gone. Nonetheless, the idea of empire still haunts us to this day. That is the idea in reality behind the European Union to take Europe and recreate the old Roman Empire of one federalized government. Putin may harbor that same view of reestablishing the Russian Empire. However, it is no longer to spread communism. It may take another 50 to 100 years before we end this idea of empire. Macron is still displaying the view that Europe should stand together against America. It has been the Frech who have blocked free trade and trade negotiations because they are the origin of communism where the idea was born and this is reflected in the poor economic performance of France as a whole
Armstrong Economics Blog/Australia & Oceania
RE-Posted Aug 26, 2018 by Martin Armstrong
QUESTION: Dear Mr. Armstrong,
I don’t know if you’ve heard the news but here down under in Australia, the Liberal party has just replaced the current Prime Minister Malcolm Turnbull to Scott Morrison. This is the 6th leadership change at the federal level since Kevin Rudd’s 2007 election. Each prime minister seems to only last about 2-2.5 years and never completes their full term. Do you think the invisible hand of cycles is playing a role here? It’s hard to believe this is all just a coincidence. The politics here is just insane, no one cares about the country and each party only cares about the next election. If you include the state level then we have had 66 leadership changes in 13 years!! Insane right?
ANSWER: I fully understand. The Australian government is in crisis and they are only looking at themselves and how to weather the economic storm. This constant change in the leadership reminds me of Rome as it headed into the Great Monetary Crisis of the 3rd century. From the time of Maximinus I (235-238AD) when he declared all wealth belonged to the State (Him), until 268 and the final overthrow of Gallienus in (253-268AD), there were 26 emperors in 33 years making the average reign just 1.26 years. So actually, you are beating the fall of Rome since your turnover rate is 6 political heads of state in just 11 years making it 1.83 years for an average reign. You are not there yet.
This is a reflection of the declining state of politics and government on a worldwide scale. We are preparing a special report on politics which will include the upcoming American mid-term election
Armstrong Economics Blog/Turkey
Re-Posted Aug 20, 2018 by Martin Armstrong
The Turkish court has rejected the appeal to release Andrew Brunson, who is the alleged US pastor at the center of a dispute between Ankara and Washington. While he has been there for 23 years, his new Church of the Resurrection has existed for less than a year and it had only 25 members. From the photo, it appears that the prayer room consists of about 40 seats. There is no professional pulpit, but drums and a lectern with speakers. Nobody even knows about the financing of the church.
Following the Turkey coup of July 15th, 2016, Brunson was arrested by the Turkish security authorities in October 2016. He was charged with espionage and the attempt to overthrow the Turkish government. According to the newspaper Sözcü , Brunson wrote in an e-mail to a friend five days after the coup: “The Turkish people have not taken sides as usual for the Turkish military. Everything is going badly, but in the end, we will be the winners. “ This one of the statements of Brunson that forms the charges in his indictment.
According to the indictment, Brunson also met with the head of the Gülen movement for the Aegean, Bekir Baz, on several occasions before the coup. Brunson apparently told the prosecutor that he did not know a person named Bekir Baz and had never met a member of the Gülen movement knowingly. He has also been charged with being involved with members of the PKK. Brunson also denies trying to help Syrian refugees.
The indictment against Brunson also alleged that Brunson was kicked out of the Church of the New Birth between 2008 and 2009 because it did not support terror. He then went abroad for about one and a half months. Brunson then returned to Turkey, and he opened a new church in Alsancak in Bornova Street.
Trump demands Brunson back and Erdogan refuses. The question remains if Trump even does know the real story of Brunson and in fact does anyone? It some seem obsessive that Erdogan just does not deport him, send him back to the states, and deny him any right to return. That would end the upfront issue and then the real build-up of tension might pass and relieve Turkey as a nation.