The entire feud between Britain and Brussels has been over the border in Ireland between north and south. Brussels fears that there will be a free-flow of goods which will circumvent their taxes. The election of Borris Johnson has created a giant nightmare for Brussels. Trump and Johnson will enter a free trade agreement. A hard BREXIT will be the best thing for Britain for it will be free to cut its own trade dealers with the US, China, Japan, and the rest of the non-EU world.
The restrictions on trade imposed by Brussels are impossible to manage because all 28 members have a say in any trade deal. This is why the deal with the USA took so long to start with and it became unworkable. Trump offered a free trade deal and France was the one screaming the loudest. Germany cannot cut a deal with the USA because of France and neither could Britain.
A hard BREXIT will change the trade landscape in Europe which will put pressure on Brussels. The more they try to punish Britain, the more they will isolate the European economy for pure power.
QUESTION: Mr. Armstrong is there any way we can not have inflation. If so how? If not what would you say 5% or more?
S
ANSWER: It all depends on your definition. The type of inflation coming is more STAGFLATIONwhere prices rise due to cost-push (shortages) but there is a declining economic growth. The more familiar inflation is a DEMAND lead event because the economy is booming. Because governments are desperate for money, they keep raising taxes and are increasing enforcement. This trend is DELATIONARY for it reduces disposable income. The INFLATIONARY pressure comes from the rising costs which are set in motion by raising taxes.
Then we add the impact of the climate chaos creating shortages in food and that furthers cost-push inflation. The end result will be the shift from PUBLIC to PRIVATE where people will run away from government debt on all levels and move to tangible assets to survive.
Our computer correlates everything from economics to nature. We have been warning that the next 8.6-year wave in the Economic Confidence Model appears to be one of inflation. This should be a cost-push version, meaning not DEMAND but shortages. One of the serious correlations we see is that the next solar cycle of 11 years may be the lowest in at least 200 years on our model, which calls for the low in a wave of 224 years to be precise.
Our forecast for this next solar cycle of activity, which rises and falls in an 11-year cycle, is indeed in a bearish trend but it correlates with the ECM – which is rare. If our computer is correct, then the next solar cycle should be at least one-third less solar activity and it could rise to a panic type of declineof 50% as measured in terms of sunspots. This analysis warns that the next cycle will start in 2020 and reach its maximum in 2025. This further warns not of global warming, but highly volatile weather and crop failures as we hit both extremes.
The next two solar cycles will be the risk of violent weather and global cooling.
The collapse in property values in London has created a crisis in property funds. M&G Investments blocked withdrawals from its UK property fund as it seeks to distance itself from the troubled manager. Back on June 3, 2019, the asset manager wrote to clients of the M&G UK Property fund to inform them it had placed a temporary restriction on customers from taking out their money for up to six months. Restrictions were also placed on certain withdrawals from the Prudential UK Property fund, which feeds into the M&G fund affected about 65% of customers in the fund. Both funds were only available for long-term institutional investors such as pension funds and the total under management was around £636m in assets while the Prudential Fund had about £50m.
The real estate funds are going to be the worst since they tend to be illiquid.
The Extinction Rebellion, formed in 2018, appears to be an extreme anarchist group that is using climate as an excuse to overthrow governments. Climate change has become a movement that advocates a hostile takeover of the world economy to end capitalism. This movement of climate protestors in Britain known as the Extinction Rebellion has a very subversive agenda. Their agenda is in line with the Green New Deal in the USA, which is deeply rooted in political extremism or what we might call today eco-socialism which is very anti-capitalism. It is clear that some on the fringes of the movement might at some point break with organizational discipline and engage in violence/terrorism as a justification for public protest to bring about change.
What is very interesting is the fact that there is obviously a movement using climate change as the excuse to impose socialism and overthrow capitalism. Alexandria Ocasio-Cortez’s (AOC) Green New Deal, and how the world will come to an end in just 12 years, has been using climate change to overthrow capitalism. Even if this were a real threat, there is no possible way to end all automobiles and air traffic in 12 years to save the planet. Tucker Carlson took on Robert Hockett, who advised Alexandria Ocasio-Cortez on the Green New Deal. He managed to get him to admit that the world will not end in 12 years. He admitted that they are using climate change to overthrow the entire economy.
Something’s rotten in Denmark…or rather, in Greece. And they’re not the only ones facing problems – big debt problems! How does Europe’s Debt Crisis relate to the U.S. economy? What can we learn from their cautionary tale? Visit Greece, Brussels, California, and Washington, D.C. as we dig into Europe’s plight, and investigate if the United States can avoid making the same mistakes.
This evening President Trump delivered remarks during the swearing-in ceremony for newly appointed Defense Secretary Mark T. Esper. [Video and Transcript] The Senate voted 90-to-8 easily confirming Secretary Esper.
.
[Transcript] – THE PRESIDENT: Well, thank you very much everybody. We have a very important moment in our country’s history, actually. And we had a lot of our great Republican senators in the White House, and I invited them over and many of them wanted to be here. And as you probably heard, the vote just took place, and it was 90 to 8. That’s a vote that we’re not accustomed to, Mark, I have to say that. So congratulations, that’s great.
But I’m honored to be here today for the swearing-in of our new Secretary of Defense, Mark T. Esper. I especially want to thank Justice Samuel Alito — highly respected and a great gentleman, a great man — for joining us to administer the Oath of Office. Thank you very much. Thank you, Sam.
We’re also delighted to welcome several of Secretary Esper’s family members and friends to the White House today, including his mother, Polly. Hi, Polly. (Laughter.) Boy, are you proud of him, Polly? You better believe it. Yeah. (Laughter.) His wife, Leah. Thank you, Leah, very much. And his three children — Luke, John, and Kathryn. Thank you very much. Congratulations, too, most importantly. Congratulations. That’s an incredible thing.
There is no one more qualified to lead the Department of Defense than Mark Esper. A West Point graduate — great student, actually — Secretary Esper served our military for 21 years, including in the Gulf War. He also advanced U.S. national security in government and in private sector, most recently as Secretary of the Army, where he played a critical role training and equipping our armed forces. That’s where I got to know Mark. And there was nobody that did a better job than Mark and there’s nobody that loves it more than Mark. And thank you very much.
He is a recipient of the Bronze Star and Combat Infantryman Badge. He holds a doctorate in public policy from George Washington University and a master of public administration degree from the John F. Kennedy School of Government at Harvard University.
I am confident that he will be an outstanding Secretary of Defense. I have absolutely no doubt about it. He is outstanding in every way. And we’re honored to have you aboard. And I would ask Justice Alito, please, to administer the Oath of Office. Thank you. Thank you, Judge.
(The oath is administered.) (Applause.)
THE PRESIDENT: Would you like to say something?
SECRETARY ESPER: Yes, sir, if I may.
THE PRESIDENT: Please.
SECRETARY ESPER: Well, thank you, Mr. President, for your kind words, for your confidence in me, and for this incredible opportunity. And thank you, Justice Alito, for administering the Oath of Office. I really appreciate you being here this afternoon.
I’d also like to Senate — to thank the Senate Armed Services Committee for its quick action on my nomination and for the strong bipartisan support that I received today from the entire United States Senate.
It is an honor of a lifetime to be appointed Secretary of Defense and to lead the greatest military in history. And I will do so with that same energy and commitment to duty, honor, and country that I have for nearly four decades since my early days at West Point.
Mr. President, it is a privilege for me and for my family to be here with you today. Thank you for your leadership and for your commitment to a strong national defense and to all of our service members. Our military has made tremendous gains in recent years thanks to your leadership and we stand ready today to take on any challenge.
And while our soldiers, sailors, airmen, and Marines stand guard each and every day, we will ensure their families are well taken care of.
On a personal note, I would like to thank my wife, Leah, who has been by my side now for 30 years as a military spouse herself; my children, Luke, John, and Kate; my mother, Polly; my in-laws, Tom and Von; and my sisters who join me here today. And everybody else who has been a steadfast supporter of me over the years.
Again, thank you, Mr. President, for allowing me to serve our great country once again, as Secretary of Defense. Thank you, sir. (Applause.)
THE PRESIDENT: Thank you, Mark. Congratulations.
SECRETARY ESPER: Thank you.
THE PRESIDENT: Fantastic. Proud of you. Come on over here.
SECRETARY ESPER: Okay. Leah?
(A certificate is presented.)
THE PRESIDENT: He’s going to be a great one. Thank you very much.
The Real Adam Smith: A Personal Exploration by Johan Norberg, takes an intriguing, two-part look at Smith and the evolution and relevance of his ideas today, both economic and ethical. It’s difficult to imagine that a man who lived with horse drawn carriages and sailing ships would foresee our massive 21st century global market exchange, much less the relationship between markets and morality. But Adam Smith was no ordinary 18th century figure. Considered the “father of modern economics,” Smith was first and foremost a moral philosopher. The revolutionary ideas he penned in The Wealth of Nations and The Theory of Moral Sentiments, changed the world. Norberg explores Smith’s insights regarding free trade and the nature of wealth to the present, where they are thriving and driving the world’s economy. In the second hour, Ideas That Changed The World, Norberg traces Smith’s insights regarding the benefits of free trade and the nature of wealth to the present, where they are currently in operation. He talks with some of the most distinguished Adam Smith scholars, as well as leaders of some of the world’s most admired companies to discover how Smith’s ideas continue to be relevant and drive the global economy today.
Five myths cloud our perception of both the past and the present. (1) The “robber baron” myth, which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor. The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual; (2) The myth that the Great Depression was caused by a failure of business, when it was, in fact, produced by a failure of government and specifically by the Federal Reserve System; (3) The myth that government in the economy has expanded in response to public demand, when, actually, the public has had to be sold “hard” for politicians to enact every major social program; (4) The “free lunch” myth, which forces the individual to pay more, no matter how the government raises money – by taxing individuals, by taxing businesses, or by printing more money; and (5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle. Check out our Facebook page here: https://www.facebook.com/FreeToChoose…
COMMENT: Regarding: California Economy Declining Significantly
In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with sneaky planned laws ( which the common people not have noticed yet )
KP
REPLY: Natural gas is the cleanest fuel and it is cheap. It is really amazing how these environmentalists want to force people into electricity, and then come up with a way to block that somehow. This is all about stopping population growth. What’s next? Are they going to support wars to create genocide to save the planet
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
The entire feud between Britain and Brussels has been over the border in Ireland between north and south. Brussels fears that there will be a free-flow of goods which will circumvent their taxes. The election of Borris Johnson has created a giant nightmare for Brussels. Trump and Johnson will enter a free trade agreement. A hard BREXIT will be the best thing for Britain for it will be free to cut its own trade dealers with the US, China, Japan, and the rest of the non-EU world.
Centinel2012 