Turkey & the Election


Armstrong Economics Blog/Turkey Re-Posted May 30, 2023 by Martin Armstrong

QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we turned to you to create a hedge since the Turkish Lira was not a tradable market. You saved the bank a fortune and I think that was the first synthetic hedge anyone ever created back in the ’80s thanks to your computer correlations.

The press was claiming that Erdogan would lose and that would be a victory for democracy that would send a message to strongmen rulers in other parts of the world. Well, they got that one wrong and we have the same type of democracy that the rest of the West has – career politicians entrenched for life. Now the press is all flustered saying this victory for Mr Erdogan is sending a message to people like Modi in India as he faces his third general election within the next year that he too can win.

I remember the forecast you told the bank back then that come 2026, Turkey might break with NATO and align with Russia in hopes of restoring its former glory of the Ottoman Empire. Well, I thought that was rather way out there back then. Today, I see how that is now perhaps a 50/50 bet.

Has anything ever changed in your computer on that very long-term forecast since the other one you had said the British pound would fall from $2.40 to par and that seemed farfetched as well but the computer was correct.  Would you care to comment on Turkey?

ABD

ANSWER: Oh yes, I remember you. The ’80s were the wild times. If I am correct, we bumped into each other in the early ’90s in an elevator in London. No, nothing has changed. This was the turning point and it still appears to be building up but a break with NATO is still possible post-2024 increasing in intensity for 2026. Your memory is very good still. Erdogan is not a fool. He sees the Ukraine mess and how the West is deliberately creating WWIII. He sees the opportunity ahead even if he does not articulate it publicly. We have reached the 340-year mark from the 1683 attempt of the Ottoman Empire to conquer Europe. We are approaching the 4th wave from 1683 and that is 344 years. So we are on target and nothing has changed.

Russia Issued an Arrest Warrant for Lindsey Graham


Armstrong Economics Blog/Russia Re-Posted May 29, 2023 by Martin Armstrong

Russia has issued an arrest warrant for Lindsey Graham and quite honestly, it is not a surprise. Graham has NEVER seen a Russian he did not want dead. He has been one of the hardline Neocons who always is willing to throw American lives away for his constant agenda of conquering the world to promote the fake US version of democracy where we NEVER have a right to vote on anything important from debt ceilings to war.

Zelensky’s office edited the videotape and put two separate comments that Graham made together that “the Russians are dying” and U.S. military assistance to Ukraine is “the best money we’ve ever spent.” That’s what he gets for backing the most vile and corrupt government in Europe hellbent on creating World War III.

Communism fell in 1989. Neither the people of Russia nor China are interested in ever returning. Instead of promoting peace as the Roman Empire showed us how to do when everyone is interconnected economically, that is how peace is created. It is to everyone’s benefit to work together. Graham and McCain never paused even once. They continued the cold war. Graham has no problem sending American boys and girls to die in Europe for his dream of destroying Russia and razing it to the ground. NEVER have Graham or McCain EVER sought peace – just endless wars.

The Decline & Fall of the FBI?


Armstrong Economics Blog/Ethics Re-Posted May 29, 2023 by Martin Armstrong

When James Comey just spoke to Trump, he took notes. When he formally interrogated Hillary, he claimed he never took notes. Those who question if there has already been a coup by the Deep State should rejoice in this testimony before the Home Land Security Council.

Musk Admits He Doesn’t Control Platform Censorship Decision making – Watch the Twitter Financials


Posted originally on the CTH on May 29, 2023 | Sundance 

Everything I have outlined about Twitter is going to surface as accurate over time.  There are two major elements: (1) DHS govt influence, now evidenced in the Twitter Files; and (2) the Twitter financial issues, which explain the recent hiring of Linda Yaccarino, which are soon to surface.

Yesterday, Elon Musk responded to criticism of Twitter censorship, vis-a-vis government demands, with this Tweet: “Please point out where we had an actual choice and we will reverse it.”

The Musk supporters are saying Musk has to comply with government demands if their national laws require it. However, that angle doesn’t take into consideration the choice that Musk/Twitter always have.

If the platform content is not approved by a government, and that govt then demands removal or censorship of that content, Twitter always has two options. One, to comply with the demand and block or restrict the user content (which is the direction they have taken); or two, stop allowing the platform to operate in the country demanding the censorship. It is the latter option that everyone always avoids mentioning.

However, the issue appears to be bigger and goes to the heart of the second aspect of Twitter we have noted.

Twitter is not viable as a business model, under the construct of its creation. Twitter operates on Amazon Web Services (AWS) cloud, and Google Cloud.

Both big tech monopoly systems are extremely expensive and as a result Musk is stuck in contracts with AWS and Google that are major financial drains. Twitter does not operate any server infrastructure; the only asset that Twitter has on the tech engineering side is the software to operate the platform.

Absent any hardware infrastructure, Musk is vulnerable to the excessive costs of AWS & Google.

Keep in mind that all cloud-based systems are arguably U.S. government subsidized and end in server farms built and owned by the U.S. govt. Send something to a cloud-based system, or operate your tech through a cloud-based system, and you are essentially operating on govt hardware.

[This is the background #2 issue to Jack’s MAgic Coffee Shop.]

As you can see from this article in March 2023 [MUST READ], Musk was behind in his payments to Jeff Bezos (Amazon, AWS) but up to date on his payments to Google.

In essence, even as the article admits, Elon Musk is making payment decisions based on determinations of how best avoid advertising revenue interruptions.  Keep this in mind.

As you can see in the article, Musk is on the hook for contracts with AWS through 2025.  As written, “AWS is not willing to renegotiate the five-and-a-half year contract it signed with Twitter in 2020.”  That is before Musk took ownership. “That contract required Twitter to pay $510m over that period. It was signed when Twitter was expecting to move its main timeline over to AWS, but that never occurred (instead it hosts Twitter Spaces and other services), meaning that Twitter is not fully making use of the contract.”  So, Jeff Bezos (AWS) has a hook into Musk for roughly $100 million a year.

Additionally, “Twitter uses Google Cloud to a greater degree, with its own five-year contract worth $1bn. While Twitter is also looking to reduce its Google Cloud costs.”  That puts Musk on the hook for $200 million a year to Google, and Google controls the vast majority of advertising revenue on the web.

Each system, AWS and Google, represents a threat vector for Twitter (Musk), insofar as Twitter cannot operate without the cloud services each provider contributes to the data processing.

Absent his own data processing systems, Musk is vulnerable to the AWS/Google demands. $300,000,000/yr just for them.   Again, keep this in mind.

This is all part of the financial section I have written about extensively, and it has an impact on the content.

With this information as the overlay, how much freedom does Musk actually have with the platform when he is dependent on Google and Amazon to operate?  The same Google who controls the majority of his revenue (advertising) controls his data processing.  See the problem?

On content, look at what AWS did to Parler as an example of what they could do to Twitter if Musk is not compliant.  On revenue, consider how Google already has influence over the monetization of any platform on the internet; combined with terms and conditions for content control they can exert through their revenue power.

♦ Amazon (AWS, CIA, U.S. Govt) then becomes the primary control lever for rules and guidelines on content, the government compliance stuff.  How does it surface?  Musk saying, he must censor Turkish political opposition parties.

♦ Google then becomes the primary control lever for Twitter revenue.  How does that surface?  Musk hiring Linda Yaccarino as CEO of Twitter.

Can you see it now?

Do the irreconcilables start to reconcile?

Does Elon Musk saying, “Please point out where we had an actual choice and we will reverse it,” start to make sense now?

Given that Musk is on the hook for $300 million/yr, and that’s just one expense, I suspect Musk is closer to bankruptcy with Twitter than most people think.

The operating costs are too extreme for the business model.  They always were; however, I suspect the USG was indirectly subsidizing Twitter through data processing when Jack Dorsey had ownership.

The subsidy would be part of the private-public partnership, where the USG was benefitting from their ability to control public information and public opinion.

With the USG control via DHS and FBI now in sunlight (Twitter Files), the financial side has always been the second -and hidden- big picture element around Jack’s Magic Coffee Shop.

Bottom line, Musk has to make decisions through one prism, THE ECONOMICS.  Musk’s decision-making, pro freedom or not, is constrained by this financial dependency. Hence, a lot of the platform censorship elements remain (including some personnel) and now the outreach to appoint Google/WEF approved Linda Yaccarino in an effort to enhance the revenue.

As the end dates of the contract terms with AWS and Google start to come closer, decisions will have to be made if Musk wants a sustainable platform.  Either he builds out new hardware (extremely costly and likely cost prohibitive) or he looks for an existing platform that he might be able to merge with and operate.

If you are a platform owner of reasonable scale, and you control your own servers and data-processing, watch out for David Sacks (repping for Elon) to tap you on the shoulder.  Twitter is in a bind, or Musk needs to sink buckets of money he doesn’t have into building something.  The financial viability is now the primary prism, not principles of free speech.

On the content side Elon Musk needs content providers, which explains the thirst for Tucker Carlson and even the DeSantis launch to gain some operational impact.  That’s likely where his key tech advisor David Sacks again comes into play.  On the type of content, that’s where Linda Jaccarino steps in as the Google/WEF bridge to approved content revenue.

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The Thirst For Truth – Big Picture Explanation of What Happened in the Past 15 Years That Flipped the Social, Cultural, Media, Leftist and Govt Relationship


Posted originally on the CTH on May 27, 2023 | Sundance 

Last night I participated in a conversation. This article is written as an outcome of that conversation, as requested by those who participated.

Essentially, the framework of the conversation, as I initially listened, is best described as a series of questions amid a group of smart intellectual types who are very understanding of the nature of our current situation.

In various forms they were asking each other the same question.  What happened in the last several years that caused Democrats, leftists and the traditional political left to switch positions on their advocacy?

Liberalism literally went from railing against Big Govt, to embracing corrupt Big Govt. Why and how did this happen?

In short, it was the same line of questioning I have seen asked by Tucker Carlson, Glenn Greenwald, Tulsi Gabbard and various traditionally liberal people as well as people on the right side of the continuum.

Why and how did traditional liberalism so suddenly flip from being, big picture – ‘anti-government’, to suddenly embracing corrupt government enterprise, and supporting the intelligence apparatus, federal govt (writ large), institutional oppressive law enforcement and FBI etc.?  What happened?

After listening to this conversation quietly, as I am prone to do, my remarks -with citations and examples- silenced the room.

At the conclusion of my remarks, everyone asked me if I had ever written about this, and if not – why not?   I did not have an answer, so consider this a promise fulfilled.  Perhaps you might find value.

In the 50 years that preceded 2008, traditional leftists, media activists, left-wing community organizing agencies, Democrats, liberals, progressives, or whatever label you want to assign, essentially railed against the U.S. government and all that it represented.  However, now, if you were to look at the issues from the 30,000-foot perspective, those same groups currently support the oppressive & weaponized system of government they formerly despised.

In the 50 years that preceded 2008, those same groups had an approach of distrust toward government, and the media apparatus had a very distinct supportive and cynical outlook, favorable to the leftist anti-government perspective.  Now, all of that has reversed – seemingly flipped.

In the 50 years that preceded 2008, media pushed a one-way narrative in defense of those who were “targeted” by the institutions and mechanisms of government.  As the activists railed against the regime, the media framed narratives to excuse the transparently guilty. Now, that entire dynamic has reversed.  Now we see the media pushing a narrative in support of weaponized government targeting, and – here’s the kicker – framing the transparently innocent.

The activists went from accusing government of wrongdoing and defending the transparently guilty – to aligning with government, excusing government wrongdoing, and helping to attack the transparently innocent.

As some continue to say with jaw agape, WTF happened?

The answer “why” is not complicated…. not complicated at all.

In 2008, the ‘activists’ took control of government.

In January of 2009, the leftists, community organizers and activists took control of the systems they had opposed for the preceding 50+ years.

In January of 2009, and inflection point took place; an inflection point that no one realized in forethought, scale or consequence.

Starting in 2009, all of the systems of federal government were now under the control of the people who previously fought against the systems of federal government.  Everything since is an outcome of that inflection point; that’s why everything flipped.

All of it, and I do mean every scintilla of the thing; every single granular detail and example you can put in front of me can be traced back to that moment when the activists were no longer outside government railing against the corrupt system they hated.

Starting in January of 2009, the activists took power over the United States government, and every outside institution, including media, necessarily and ideologically followed that inversion.

Starting in 2009, the systems and institutions of the U.S government now came under the control of the radical activists.

In the eight years that followed, the mission of every institution was changed.  Government was weaponized on behalf of the leftist activists who now took control of it.  Everything thereafter is a consequence of this change.

When I use the word “suddenly”, it is only for understanding the inflections point that came as a consequence.  In actuality, the severity of change inside each institution took place over several years.  That’s why the intensity of the weaponized and corrupt systems became worse over time.

As each institution was infiltrated to become more aligned with the mindset of the activists, the institutions became more radical in their targeting and weaponization.

The activists went from being outside government to being inside government.

Suddenly, the left-wing supportive media changed mission priority from railing against corrupt government, to defending the corrupt weaponization of govt.

Suddenly, the FBI went from targeting domestic threats, to targeting only the domestic threats defined as against the interests of the left-wing activists.

Suddenly, the outside activists went from being defined as social elements creating turmoil, to social elements now being defended and even promoted.

This is why we see outside activist groups like the Dream Defenders, New Black Panthers, Black Lives Matter, Occupy Wall Street and more recently ANTIFA, as protected and supported by the activists inside government now in control of the systems and institutions.

All of the social, cultural and political dynamics that changed traditional “liberalism” are easily understood once you realize and accept that activists took control of the power centers of the U.S. government.

Everything that followed, including our current state of social and political turmoil, is simply a natural conclusion of that fundamental change.

The radical activists are now in control of the institutions of power.  This core shift is what created the dynamic of a very visible two-tiered justice system.  Each institution was weaponized and continues to be weaponized against those who are not aligned with the activist ideology.

The Dept of Justice has been weaponized against people who are not in alignment with the radicals.

The federal police, known as the FBI, have been weaponized against We The People.

The Intelligence Community is now under the control of the radical activists.  The mission priorities change accordingly.

When Tucker Carlson, Glenn Greenwald, Tulsi Gabbard or any other person posits the question about ‘why’ the ideology of the left and media has shifted so suddenly, there is your answer.

It is not a complicated understanding.   Once you accept this fundamental change took place, everything seemingly falls into place….

…. At least that’s what the “ah-ha” audience told me.

The Neocons Have been Planning for War with Russia For a Long-Time


Armstrong Economics Blog/War Re-Posted May 28, 2023 by Martin Armstrong

The Second Edition of The Plot to Seize Russia will be in major retailers in a few weeks. We will let you know as soon as our publisher releases it. I have done my best to follow the breadcrumbs since I found myself in the middle of this and they tried to get me to invest $10 billion to fund this operation. I refused. We have a right to the truth especially when they send our children off to die in foreign lands for their insane world dominating agenda.

You Have 8.6 Years Left – Politics of Fools


Armstrong Economics Blog/ECM Re-Posted May 27, 2023 by Martin Armstrong

QUESTION: Dear Martin,
DeSantis announced his run for the Republican candidacy. You’ve mentioned several times he would be eaten by the career politicians in Washington. What if he becomes Trump’s running mate? Would that be a good course?
Sincerely, Martijn

ANSWER: That would be the only way I would see DeSantis as having any real influence. As I have said, I was asked if I would talk Trump out of running and join the advisory team for DeSantis last year. I declined. I replied that everything has changed and that they would just eat him for lunch as they did to Trump when he first walked into Washington.

Washington has declined so much so, that the fools on the Hill now think just switching to a Republican will make it all better. The Biden administration has inflicted so much political damage as well as division among the people, the USA must fall. It cannot stand as one nation with such division. And it is not even Biden – who is the real symbol of the Fool on the Hill. He is only the puppet just like the last emperors of Rome.

I do not care that the propaganda claims the election of 2020 was not rigged. Of course, it was, but not by the Democrats. They too are naive. The Deep State is in full control. The CIA convinced Trump to delay the release of JFK files until after the election. They played Trump like a fiddle. When Biden got in, he granted their perpetual stay to cover up their involvement. The FBI was out to prevent a Trump victory. Anyone who thinks that the CIA, NSA, or FBI cannot change the vote is an even bigger fool. They should grab a gun and go fight for Zelensky.

NONE of this from war to climate would have taken place under Trump. I said I had gone to Mara Largo in March 2020 for dinner and that is when Trump actually impressed me. He said he would pull the troops out of Afghanistan because he was tired of writing letters to parents explaining their son died for God and their country. He said they were fighting over borders that for 1,000 years. What difference are we going to make?

Perhaps you will remember in January 2019, Iran shot down an American drone. There is no question that John Bolton, Trump’s national security adviser at the time, was provoking Iran-U.S. tensions. He wanted another war. Quite frankly, Bolton would invade Canada to hunt down a Russian. Trump fired the Neocons, and rightly so. There is NO WAY they will allow a free election in 2024 and as a last resort they will assassinate Trump for now he understands the real game in Washington. They can now freely assassinate him since they are moving to digital currency and won’t have to look at his face on a coin or dollar bill.

Trump is clearly the better choice because he knows the real game now in Washington. They will eat DeSantis for lunch and spit him out. The Deep State is in full control. And for those who hate Trump, don’t be fooled. Sorry, Dorothy, you are not in Kansas anymore. Party politics is DEAD! This is the decline and fall of the United States and Western Civilization. You have 8.6 years left. In Washington, this has become the politics of fools. The more they lose control, the more totalitarian they will become.

The World Health Organization (WHO) can make recommendations after the declaration of a global emergency. It has no definitive control over any nation’s decisions. However, as we saw with COVID, countries bow to the WHO and that included the Biden Administration. The left zealots love to scream loudly that conservatives falsely claim that amendments proposed by the Biden administration to existing global health regulations, and a new WHO pandemic treaty, will threaten U.S. sovereignty. They are actually correct, but not that the WHO will have absolute control. That would be UNCONSTITUTIONAL. But the Biden Administration wants to push for “voluntary” compliance and surrender our policy to conform to that of the WHO.

Trump was correct – NATO and the WHO should be defunded. They are both power-hungry organizations that exert only their own self-interests. When Communism fell, there was no longer a need for NATO. The days of Kruschev were gone. Putin, Yeltsin, and Gorbachev were never interested in invading Europe to spread communism. That boast died long ago.

The American NEOCONS adopted the opposite view that they would conquer the world and spread their version of “democracy” which is really their pretend version of a free government since they are never elected. NATO had no purpose but kept the idea that Russia wanted to conquer the world. They have always promoted war – never peace.

From the very beginning of the UN, they too have dreamed of becoming the one-world government. This remains the agenda and they too promote war in hopes of rising in their glory to become the great peacemaker and solidify their power. This is why the exercise of power at the WHO is surfacing and it is all promoted by the World Economic Forum which is the Marxist brainchild of Schwab.

Week-in-Review: Americans Reject Biden—Show Huge Support for RFK Jr/Anyone-Else, World Revolts Against US Hegemony, Feinstein Shielded by Clinton/Pelosi—Why? | SYSTEM UPDATE #89


Glenn Greenwald Published originally on Rumble on: May 26, 7:00 pm EDT

Trudeau Fails to Explain Democracy to Meloni


Armstrong Economics Blog/Politics RePosted May 23, 2023 by Martin Armstrong

Italian Prime Minister Georgia Meloni tuned out Canadian Prime Minister Justin Trudeau as he attempted to explain to her “democracy.” Is democracy when you jail peaceful protesters and lock them and their associates out of their bank accounts? Is democracy when you force all citizens to stay inside and force them to receive a vaccine to enter or exit the country? Perhaps democracy is when you set up the best-disguised eugenics program in the modern world. Justin mounted his high horse to discuss LGBTQ rights in Italy.

Naturally, Italy is a Catholic nation engrained in traditional values. “Canada is concerned about some of the positioning that Italy is taking in terms of LGBT rights, but I look forward to talking with you,” Trudeau reprimanded Meloni at the recent G7 meeting. Meloni later called Trudeau a “victim of fake news.” Italian newspaper Libero ran an article the following day featuring Trudeau in his famous Arabian nights blackface costume entitled “Questo Buffone Vuole Darci Lezioni” meaning “This Buffoon Wants to Teach You Lessons.” Clearly, the Italian people do not want a woke leader to change their values.

Gay marriage is legal in Italy. However, the government only considers the biological parent in a same-sex union to be the parent. Additionally, the government has condemned the woke agenda. “Being a man or a woman is rooted in who we are, and can’t be changed,” Meloni said. Meloni also called surrogacy a form of “slavery” and controversially said that children need a mother and a father.

The people of each nation should choose who leads them. Meloni’s government is what the majority wanted and Trudeau has no place changing Italian values. Italy has undergone numerous measures this year to prevent it from being pulled into this concept of a one-world government and culture. Italy banned the use of synthetic or cell-based cuisines and bugs “to safeguard our nation’s heritage and our agriculture based on the Mediterranean diet,” Meloni’s Health Minister Orazio Schillaci stated. Only in 2023 would we need to ban bugs in food. The nation also passed a ban on Anglomania or English words and reiterated that Italian must be the country’s primary language. Abortion is legal within the first 90 days of pregnancy in Italy, but medical providers can choose not to perform them for religious reasons. In Canada, you can abort yourself once you turn 18 through MAID.

Nations that wish to retain their individual identities will need to fight. The European Union is anything but united because each nation is still holding on to its personal identity. The people at the top, the WEF global elites like Young Leader Trudeau who support the Great Reset, actually think we can erase history and Build Back Better to be one united world. It’s not happening.

The Close Mind of Those in Power


Armstrong Economics Blog/Politics Re-Posted May 23, 2023 by Martin Armstrong

Let’s make one thing clear. Russia is NOT flying jets over Ukraine – it sends in missiles and drones. Why is Biden sending the Jets to Ukraine? Zelensky swears they will not be used to invade Russia. However, they will be used to attack Crimea where the people there are Russian and have always been. They are not Ukrainian and this is a territorial grab for the sole purpose of starting World War III. I have actually heard that Russia must be destroyed because they are an orthodox Christian nation that opposes LGBTQ.

BudLight is the classic example of WOKE Management. I stopped in a restaurant and at the bar, a guy said to the woman next to him – you better not order a Bud. She said “Hell no!” And people started clapping.

It is one thing if this LGBTQ is about ending discrimination. What seems to be happening is people are starting to find this offensive and the net result is it is increasing discrimination – not eliminating it. The whole thing – don’t ask don’t tell was reasonable.  It is just as offensive if someone is trying to convert you to their religion regardless of what it might be. Everyone is entitled to their own space and beliefs. When you start to force them upon others, all that will emerge is confrontation.

To actually hear that Russia must be conquered because it reject LGBTQ, is now asking for World War III over this issue?

The  Biden Administration is perfectly fine if Ukraine uses the F16s to attack Crimea, which is exactly what they intend to do. Russia has already made it clear that an attack on Crimea is an attack on Russia. This is precisely what the American Neocons are hoping for so they can claim that Russia is the aggressor – not them. They want Russia to attack the USA or NATO and then they will launch nuclear war against Russia.