Tag Archives: #DrainTheSwamp

Jan 29 2021

Thank you & the Interesting Times We Live In


Armstrong Economics Blog/America’s Economic History Re-Posted Jan 29, 2021 by Martin Armstrong

I just want to say thank you for all the emails I have been getting. These are difficult times, indeed. Nevertheless, the upside is that these tumultuous times are the precursor to reform we all long for. We are all in this together and I am fighting for my grandchildren. I will be gone so I am not doing this for personal gain. At times it is tempting to just shut up and walk the beach until it is time to beam me out of this crazy world. But what I leave behind is all that matters I suppose. We are all dealt a set of cards. When I look back on my life I just followed my nose without ever seeing a path to achieve. Everything I have done in life has led me to where I am today basically by fate or chance. All the people I have met and those who have called upon me have been for the model, not me personally. It has always been what does Socrates say – not my personal opinion.

But as we see there is push-back showing from around the world. New York City has been destroyed. The arts will not come back for the entire culture was more than just local. Many times I attended a Broadway play in New York and at least half the audience were tourists mostly from overseas. With international travel decimated and the fear, the press has created in the hearts of so many that people no longer shake hands.

While Schwab and Gates have been pushing the lockdown strategy which is really to reduce CO2, they are destroying so many jobs and businesses. They have brainwashed many who argue just tax the rich but they fail to understand the “rich” are small businesses and they are not so rich. They envision the people with their $50 million homes and their billion-dollar companies, but the top income tax bracket even includes AOC and all politicians. It is hard to get through all the FAKE NEWS, but there are significant amounts of people around the globe who are waking up and hearing the call from the wilderness.

Some ask: Why do I quote history so much? History repeats because human nature never changes. It remains the same throughout history. The Impeachment of Donald Trump is just vengeance and the Chief Justice has refused to preside because the Constitution calls for the removal from office. Under the theory of the Democrats, we can go back in time and impeach Clinton or Obama. Yet even this vengeance is not unique. However, it is a warning that we do face a complete breakdown of the political stability of the nation and the world.

The most dramatic political struggle offered by history comes from the trial of Pope Formosus (891-896) that took place nine months AFTER his death by the succeeding Pope Stephen VI (or VII)(896-897). Stephen was a family member of Italian aristocrats who Formosus abandoned and crowned Arnulf, the East Frankish king, Holy Roman Emperor. Once Stephen seized the Papacy, he sought to destroy Formosus’ supporters and had the corpse of Formosus redressed in papal vestments and propped up and put on trial. Obviously, he did not defend himself very well. Because of this affair, Stephen was seen as a hateful man whose actions were extreme and thus he quickly fell out of favor was imprisoned himself, and later strangled to death.

If Trump were dead, the hatred pouring out in Washington would probably do the very same thing – dig up his dead body and put him on trial in the Senate. What’s next? We dig up Thomas Jefferson instead of toppling his statues and put him on trial for fathering children with his black slave? During the French Revolution, they dug up all the bodies of the former kings and chopped them up, and threw them in a common grave at Saint-Denis in Paris. This stone marks all the former kings thrown into a common grave.

Jan 29 2021

Real Estate Boom – Mass Exodus from Cities


Armstrong Economics Blog/Real Estate Re-Posted Jan 29, 2021 by Martin Armstrong

We are witnessing a phenomenal shift in real estate where everyone is bailing out of urban cities throughout the country. Even property in the Hamptons has been exploding with people fleeing NYC. While many hedge fund managers are moving to Florida and thousands of companies are fleeing California to Austin or Dallas, Texas, many others are just moving to the suburbs. Others have been moving to Texas and Florida just so their kids can play sports. Indeed, many city dwellers from New York have moved to Dallas. As one reader explained:

I loved your blog today on fake news and read your emails usually 1st thing every day. The top picture looks like the NC seal. Who is that in the picture?

I live in Charlotte and it’s growing like crazy. My next door neighbor moved down from the DC area and 3 houses down the people moved from CA. The previous owner of the house sold to CA people moved to TX because NC high school football was shut down. He had 2 sons playing football and he is a former NFL QB, whose last job was a backup with the Eagles.

The private schools here are having a surge of new students because so many are moving here and the public schools have remote learning.

I personally want to move towards the SC/NC  coast and get out of Charlotte as its so liberal. We’re not rich but our house has appreciated to crazy levels and I see property taxes going crazy.  

TP

Talking to friends in Orlando, they have witnessed the same trend. People moved to Orlando just so their kids could play sports.

Meanwhile, more than $1 billion is owed in back rent thanks to the lockdown in New York City. Governor Cuomo is looking at the state’s loss in revenue and hinted that New York can help to dig out by legalizing gambling and marijuana sales. Governor Cuomo seems to be living in a fantasy world. He has actually said NYC will reopen soon and everything will come back. He  also said, “You’re going to see the arts coming back.”

I personally enjoy the theatre. I had season tickets with designated seats for the season. That was a complete waste, and when they asked if I would renew, I declined. The Broadway plays travel around the country. That came to a complete halt. So it is not just the theatre in New York, as they shut it down nationally. Sorry, I would no longer buy a ticket until they are open and the political nonsense is over. But that does not seem likely until we pass 2022.

Jan 29 2021

The Law & Robinhood


Armstrong Economics Blog/Corruption Re-Posted Jan 28, 2021 by Martin Armstrong

QUESTION: If there is anyone who has fought the club it is you. Keeping you on civil contempt for 7 years when the statutory maximum is 18 months and they released you only because the Supreme Court was taking your case as an example of the corruption in New York. HSBC pleads guilty criminally and has to return all the money and you had no restitution but the banks didn’t go to jail. That is nothing that was supposed to be American Justice. So what is your opinion since you have also warned to stay out of the New York courts when this class action lawsuit was just filed?

Thank you for surviving their corruption.

GR

ANSWER: Shutting down the market in GME is outrageous. But this is by no means unique. Back in 1980, the COMEX did not shut down the silver market to force the Hunt brothers out of silver, but they made it much more expensive to be long v short. They aided the investment bankers as always. Even the Chicago Board of Trade raised the margin to trade silver by 10x the very day of the high – January 18th, 1980. History repeats because the corruption never changes.

Jan 29 2021

GameStop – Who Done It?


Armstrong Economics Blog/Basic Concepts Re-Posted Jan 28, 2021 by Martin Armstrong

While many pundits are calling this the “squeeze of a lifetime” and a war of retail against the hedge funds, in reality, it was a PERFECT cyclical move after 13 years down. Of course, they are claiming that a band of retail are waging war against the Hedge Funds and the press is claiming “one big question amid the frenzy has been how much the little guys really matter.”

Even AOC has chimed in saying “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino.” She then added: “Anyways, Tax the Rich.”

While this is being portrayed as some fluke and others are calling for an investigation that this is just manipulation and a pump and dump, interestingly Socrates picked the low in April 2020 and then entered at first a Breakout Mode in August where the model was calling for a high in many different stocks, and then in September, it entered a Phase Transition mode which is a doubling in price when it closed at 1020. It has now been 8.6 months from the April 2020 low.

When we look at the Timing Array, January was a Target with high volatility coming in February and the next turning point will be in March followed by June. Most interesting is that here too we see a Panic Cycle shaping up for August 2021.

When we look at the monthly chart, the breakout began in January when it punched through the Downtrend Line. It then rallied to the Breakout Line at $200 and moving through that you had the classic Phase Transition.

Monday opened below our Projected Opening Resistance at 99.17 coming in at 96.73. It fell back to fill that gap and closed below the opening print.  What I find really ironic is how a band of retail investors and traders are being blamed for a war on Hedge Funds. Any Hedge Fund that was short this stock was not a professional, to begin with. I would think any basic technical analysis would have screamed “buy” so if they did not listen, they were trying to manipulate the market assuming they had the power. The huge gap up is clearly shorts bailing out who should have been out a long time ago. As noted, this has been in a bullish trend for about 9 months.

My conclusion is that this rally is not a “manipulation” but an attempt to suppress the market and as such the shorts were compelled to bailout. But that is their fault because they were fighting the charts. Hence, the retail participants should not be pounding their chest just yet. The sharp rally is also due to a lack of liquidity. This does not appear to be a pump and dump against the established trend, as the trend was up to start with.

YES – GameStop is a covered market on Socrates Platform

If you aren’t already signed up for Socrates, you can view the different membership options here. To access Reversals and Arrays (as referenced above), you’ll need to sign up for the Pro Membership.

If you are already a Pro Member and are looking to expand the time horizon of the models and have access to a few additional features, consider upgrading to the business version of Socrates.

Jan 29 2021

Acting DC Chief of Police Wants Permanent Fencing Around Capitol


Posted originally on the conservative tree house on January 29, 2021 by Sundance

The reality of DC elites demanding walls to protect them from the common American is a stunning shift in outlook from when the U.S. Capitol used to be considered “the people’s house.”   Alas the voices are now asking for exactly that… a permanent fence to keep the American people away from those who run government.

WASHINGTON DC – The acting chief of U.S. Capitol Police called for permanent fencing around the Capitol building days after she said that the department “failed” in its efforts to protect the sprawling complex on Jan. 6 when rioters stormed the building.

“In light of recent events, I can unequivocally say that vast improvements to the physical security infrastructure must be made to include permanent fencing, and the availability of ready, back-up forces in close proximity to the Capitol,” Acting Chief Yogananda Pittman said in a statement.

The move would be a striking shift from the accessibility many Americans have enjoyed over the years visiting the grounds of “The People’s House,” such as sitting on the lawn in front of the building, accessing the trails and green spaces around the building and field trips to the steps of the Capitol by schoolchildren. (read more)

Jan 29 2021

Twitter Suspends China Critic and Trump Administration Official Peter Navarro


Posted originally on the conservative tree house on January 28, 2021 by Sundance

Former White House Trade and Economic Advisor Peter Navarro was the tip-of-the-spear outlining election fraud, via impossible statistics, from the White House.   Navarro is also a well known China critic, which positions him against the objectives of the JoeBama administration.

In a blatant move to protect the interests of a corrupt state, Big Tech continues to shut-down the accounts of voices adverse to their ideological position.

(Epoch Times) […] “It wasn’t because of anything I said, it’s because of who I am and what I might say. The great firewall of Silicon Valley grew another few feet today,” Navarro said Wednesday during an appearance on Fox News’ “Tucker Carlson Tonight.”

“This is totally unacceptable. If Jack Dorsey came up to me in the public square, ripped down a sign from my hand in a peaceful protest, stomped on it, and then muzzled me, he’d get arrested, but he can do that now in the digital public square,” he added. Dorsey is Twitter’s CEO.  (more)

Jan 29 2021

Wow, Big Tech Colludes With Wall Street to Protect Elites and Hedgefunds Against Ordinary Investors


Posted originally on the conservative tree house on January 28, 2021 by Sundance

It started with a bunch of smart ordinary Wall Street market watchers assembling on Reddit and noticing that hedgefunds were making millions destroying the stock value of GameStop (GME) -and others-  by short selling the stock and trading the position.

[Short Lesson to Understand Short-Selling Here]

The hedgefunds were so greedy the short-sellers borrowed more than 140% of the total number of shares of stock of GME (GameStop) in order to destroy it.  The stock value dropped from $20 to $4 as the sharks made millions in the short-sells.  That’s when the Reddit investment community,Wall Street Bets, noticed an opportunity.

One of the issues with short-selling is that short-sellers must always eventually purchase the stocks they borrowed.  That means if the stock value increases you are committed to buying it, you will lose money, and you cannot get away from the loss in your short-sell position so long as the stock value is high.

Knowing the borrowed shares were more than the total number of outstanding shares of the entire GME stock, the rebellious alliance knew the short-sellers (hedgefunds) would have to eventually buy them.  So the independent group, mass numbers of individual investors, started purchasing shares and driving up the GameStop stock value.

The GME stock skyrocketed and the short-sellers (hedgefunds on Wall Street) were freaking out.  The higher the stock went, the more it was going to cost the hedgefunds to get out of their short position.  Billions were being wiped out as the pesky rebel alliance kept purchasing shares and driving up the value.  [Go Deep] That’s when the biggest eye-opening series of events in financial history took place….

♦ First Big Tech jumped-in to protect the hedgefunds.  The servers that handled Reddit’s investor discussion “WallStreetBets” were shut down, essentially trying to break down the communication of the rebel alliance.  They used the oft-familiar “hate speech” justification, but that was really a ruse… Big Tech was supporting Wall Street.

♦ Then the New York Stock exchange stepped-in to protect the hedgefunds by blocking trades of GameStop and other Reddit targeted stocks (Nokia, Blackberry, AMC theaters).  Ameritrade also blocked any trades.  The NYSE was essentially trying to protect the institutional investors, billionaires, from the citizens, independent investors.   Wall Street went to war against day-traders, ordinary Americans.

♦ Then the stock trading App “Robinhood” which was used by the citizens to make their trades, actually stepped-in to stop users from purchasing GameStop shares.  The Robinhood app will now only allow sales of GME and the other stocks because the app is protecting the billionaire class from their short position.

Wall Street, the New York Stock Exchange, the entire financial trading system is trying to protect the short-sellers by driving down the shares of stocks so that the short-sellers can get out of their positions.   Never has there been such blatant market manipulation by the organized efforts of the elite financial class.

Big Tech and Wall Street are working together to keep a rigged system tilted in their favor and their aligned efforts are spotlighting just how rigged that system is.

The elites don’t care what happens to the ordinary citizens in the stock market… they are protecting their own status.  All of this is brutally illegal market manipulation and collusion by the financial sector.   [Story Here and Story Here]

Keep watching….

Masks are dropping at an alarming rate as more people are witnessing in real time just how this market is rigged against the interests of ordinary Americans.

.

.

Don’t forget who owns the NYSE !!  {Go Deep}….  Things make sense now?

“It’s a big club, and we ain’t in it!”…

Jan 29 2021

DeceptiCon Maneuvers, Don’t Forget Who Owns The New York Stock Exchange


Posted originally on the conservative tree house on January 28, 2021 by Sundance

With the elite financial class being increasingly exposed over the past 72 hours; and with the collusion between Big Tech and Wall Street in the public spotlight; and knowing the elite Washington DC establishment is a part of that entire corrupt system; and with millions of Americans more able to accept the scale of the issues; perhaps this is a moment to remind ourselves how the BIG CLUB works to deceive under false pretense.

Washington DC is part of the corrupt Wall Street, K-Street, Big Bank, and BIG TECH system. Everything within that system is self-serving and done deliberately with the intent to maintain a particular status for the people within it.  This is the moment of opportunity to expose just how the DeceptiCons trick us… this is information and dot-connecting that created The Last Refuge.  This is the bitter pill that needs to be swallowed.

Everything from within the DC system is designed to lie to you.  Accept that and you begin to realize how events are NEVER what they appear on the surface.

The owner of the New York Stock Exchange (NYSE) is Jeffrey Sprecher.  Remember the position of Senate Majority Leader Mitch McConnell in regards to Senator Loeffler?  Well, Mr. Sprecher is the husband of former Senator Kelly Loeffler.

Kelly Loeffler’s seat was purchased by their elite status and position.  Why would a billionaire run for an elected office paying a few hundred thousand?

Majority Leader Mitch McConnell positioned Loeffler with committee assignments based on that status of influence and affluence.

Jeffrey Sprecher and Kelly Loeffler entered politics for their elite interests.

The ruse of the DecptiCons is always that a motive to the benefit of the republic lies behind their candidacy. This is the same ruse that lay behind Mitt Romney, another DeceptiCon.  There are no purely altruistic motives behind these politicians, particularly in the Senate.

Their motives are all about status, power and greed.  They are not representatives of the people; they are representative of their own elite fellowship and interests, and this crosses both parties.  Everything else is chaff and countermeasures to ensure their position.

That is the brutal and uncomfortable reality to accept.  The entire system is corrupt.

The swamp is deep and filled with DeceptiCons who will strike at any given moment once they attain a useful position. President Trump went to Georgia to campaign for Senator Kelly Loeffler. Simultaneous to President Trump’s visible support, Loeffler’s husband Jeffrey Sprecher, owner of the New York Stock Exchange (NYSE), announced the NYSE will not blacklist Chinese telecommunications firms outlined in Trump’s executive order.

Background: On November 12, 2020, President Trump signed an executive order prohibiting American companies and individuals from owning shares in any of the 31 Chinese companies previously listed as enabling the People’s Liberation Army, effective Jan 11, 2021. Three telecommunications companies China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd., were targeted.

Literally as President Trump was traveling to Georgia to rally in support of Senator Loeffler, the NYSE –owned by Loeffler’s husband– announced they would not delist the Chinese companies:

CNBC – The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants.

In a late Monday statement, the NYSE said it dropped the plans after “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.”

[…] The exchange had originally planned to drop those listings in order to comply with an executive order that President Donald Trump signed in November. That order sought to bar American companies and individuals from investing in firms that the Trump administration alleged aid the Chinese military.

That ban is set to take effect Monday, a little more than a week before President-elect Joe Biden is set to to be inaugurated. (link)

Via Axios: “NYSE spokesperson Farrell Kramer declined to comment on what had changed in relation to compliance with the executive order. But Kramer referred Axios to a stock exchange statement saying that “in light of further consultation” it no longer intends to move forward with the delisting action.” (link)

Senator Kelly Loeffler and husband Jeffrey Sprecher, owner of NYSE

Kelly Loeffler was appointed by Georgia Governor Kemp because Loeffler is married to Jeffrey Sprecher; a GOPe party insider, mega-donor, and multi-millionaire CEO of the Intercontinental Exchange (ICE).

Jeffrey Sprecher is the founder and CEO of ICE, which now owns the New York Stock Exchange. Kelly Loeffler’s company, the financial platform Bakkt, is a subsidiary of the Intercontinental Exchange.

Corrupt as hell. All of it. Insider party schemes, combined with Deep Swamp politics and personal influence peddling for financial interests. The familiar network of personal financial benefit. In 2012 Mrs Loeffler donated $750,000 to Mitt Romney’s Super PAC.

Political connections is why Kelly Loeffler was selected by Governor Kemp, and that same pay-to-play political network is exactly why Nikki Haley originally endorsed her and campaigned for her in the 2020 election.

I have ZERO doubt Loeffler’s husband will be providing considerable financial payments to Nikki Haley in her run for the presidency. Transparent swamp dealing.

Yes, Jeffrey Sprecher owns the largest stock exchange in the world: the New York Stock Exchange with more than 2,400 listed companies and a market capitalization of about $22.9 trillion….. There are Always Trillions at Stake.

Jan 28 2021

The Modern Day Exodus from New York


Armstrong Economics Blog/Economics Re-Posted Jan 28, 2021 by Martin Armstrong

Florida is showing the world that we can still have a normal life and COVID is even less than places like New York which has destroyed businesses, its economy, and even theatre. There will be no return to normal for millions are leaving New York and it is the modern-day Exodus in biblical terms. Now Florida has even stepped up and said if Tokyo backs out of the summer Olympics again, they will be glad to host it.

When I ran my models, it was clear that the states that would do best were Texas and Florida and that was 6 years ago. Ever since I simply followed Socrates, so many people I know have started the move. With New York committing economic suicide, our model which also suggests that if the USA turns into a civil war after 2027, it will be North v South once again. These trends unfold in line with our model, but they are slow-moving. The breakup of the United States appears likely by 2037 where at the very least we will see an end to centralized government control and the resurrection of state rights. Unemployment in New York City itself is likely to spare beyond 50% and crime will explode.

Jan 28 2021

South Dakota Governor Kristi Noem Discusses How The GOP Has Failed The Country


Posted originally on the conservative tree house on January 27, 2021 by Sundance

South Dakota Governor Kristi Noem comments on ways in which members of the establishment Republican party ‘failed’ the country, her efforts in protecting certain rights in her own state, the hypocrisy of other lawmakers throughout the country, whether or not she has plans for higher office, and a fun fact about the geography of her state.  WATCH:

The establishment Republican apparatus, writ large, is positioning Nikki Haley as the next GOPe candidate in line.  To achieve this goal they will reintroduce the splitter strategy in 2024 that will likely include Ted Cruz, Ron DeSantis and Kristi Noem.

DeSantis = MAGA

Noem = MAGA Lite with a Koch Twist

Haley = Full blown establishment (the female Jeb)

Cruz = Controlled opposition