US Housing Due for a Correction?


Armstrong Economics Blog/Real Estate Re-Posted Sep 26, 2022 by Martin Armstrong

Fed Chair Jerome Powell stated that the US housing market would “probably” go through a “correction” period. It is of no surprise as home prices were steadily rising from 2020 until recently after mortgage rates rose and many were simply priced out of the market. The supply chain shortages continue to present a problem for builders. Investors with cash were able to outbid other buyers, and houses lasted less than a week on the market before being sold for above asking. Clearly, this is unsustainable in the long term.

The great American dream of owning a home with a white picket fence sharply rose during World War II thanks to suburbs expanding and the GI bill that assisted service members in purchasing real estate. Homeownership during this time jumped to 65% from the Great Depression period. Surprisingly, home ownership actually increased during the Great Depression as well by 3.7% to 4%. Mind you, cultural dynamics were different back then. Women could not even open their own bank accounts. Living at home was common until marriage for both men and women, multi-family homes were more common, and people simply lived with less. The playing field is completely different today.

In 2021, the real estate industry accounted for 17% of GDP in the US. Investors, landlords, and house flippers did well during this housing boom, naturally. The average American suffered as rental prices are in line with monthly mortgage payments, but obtaining a house remains difficult for the middle class. Those with fixed low rates are not likely to sell. Shelter composes the majority of our household expenses, and countless people who did purchase at the height feel house rich but cash poor. The Fed is focusing on the demand side since it cannot control supply.

Average American Lost Over $4200 Under Biden


Armstrong Economis Blog/Politics Re-Posted Sep 26, 2022 by Martin Armstrong

A new report by the Heritage Foundation claims that the average American had lost over $4,200 in annual income since Biden was sworn in due to rate hikes and inflation. They clearly are not factoring in retirement accounts or other investments, as most have lost substantially more.

Consumer prices are up 12.7% since January 2021, equating to each American losing $3,000 in purchasing power. The foundation estimates that the higher cost of borrowing has cost Americans another $1,200 annually. Mortgages have doubled, consumer debt is rising, and every area of life costs substantially more.

EJ Antoni of the foundation points out that Biden failed to act as inflation began to rise and pushed Congress to continue spending. The Fed miscalculated the situation and called the situation “transitory” while allowing the printing press to roll. Both Biden and the Fed attempted to dismiss inflation to avoid responsibility. Antoni stated:

“This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars. Washington recklessly spent trillions of dollars it did not have and paid for it with newly printed money, causing rampant inflation that has destroyed people’s purchasing power and jeopardized Americans’ financial futures.”

All gains under the Trump era have been erased in less than two years. Biden began paying people to sit at home and not work when he took office. Thousands were forced to leave their jobs due to COVID mandates. When people went back to work, the current administration led the public to believe that they were doing well due to higher wages, when in reality, inflation consumed any gains.

Biden eliminated America’s energy independence and created an energy crisis domestically that did not previously exist. Biden put America in direct confrontation with Russia and continues to funnel billions through Ukraine when some American cities do not even have clean drinking water. The $4,200 estimate is extremely low, considering that major US indexes are significantly down. Simply put, we are all worse off under the Biden Administration.

The Head of Pfizer is a Veterinarian


Armstrong Economics Blog/Disease Re-Posted Sep 25, 2022 by Martin Armstrong

Albert Bourla is a veterinarian and not a medical doctor who is making a fortune selling his vaccines, not for animals – but people. He is the chairman and chief executive officer of Pfizer, after joining the company back in 1993. He use to be the chief operating officer.

He has COVID again. It seems that those who took the vaccine are developing immune deficiency to COVID like Biden who keeps getting it multiple times. I am not vaccinated, had it once, and that was it. When my daughter insisted I should go to Tampa Hospital to see the head of pulmonary, I said I was tested 5 times and it was always negative. He said the tests were not valid and they still think it was COVID. I went to a new doctor after my old one retired, when he asked if I was vaccinated and I said NO!, I was waiting for the propaganda. He said – Good!

Since this veterinarian tells the world we must be vaccinated, he seems to then listen to the CDC on how to take his own shit. When history is written about this period, I do not think it will be kind to this veterinarian handing out medical advice to people.

I would always make sure my kids were vaccinated. I would take the flu shot sometimes. Now, I will not take anything that comes from Pfizer. I would not trust this guy, especially with my dog. No wonder – he never had to take the Hippocratic Oath.

Hillary Clinton Compares Trump Supporters to Nazi’s Following Hitler, as Baseline for Denying Autocracy of Democrats


Posted originally on the conservative tree houe on September 24, 2022 | Sundance

There it is again. A lot of attention is being paid to the remarks by Hillary Clinton where she compared President Trump MAGA rallies to Adolf Hitler rallies and President Trump supporters to Nazis. However, that’s not the dynamic that should be emphasized.

The real issue at the heart of the leftist nonsense is the part where they keep contrasting “democracy” vs “autocracy.”

It’s an issue I keep referring to {Here and Here and Here} because their nonsense is so easy to deconstruct.  Never has there been a more obvious example of Democrats acting as unilateral Autocrats as was exhibited during the COVID-19 crisis.  Biden literally mandated a vaccine.  Democrat governors and officials literally mandated rules and regulations by fiat with zero representative input.

For a full year of COVID-19, Donald Trump never dictated a single mandate and deferred everything to the states.  Trump’s unwillingness to force action, including federal mask mandates, became an election year campaign issue.  However, as soon as they took power, the Joe Biden authoritarian government, in combination with the state leaders who supported it, instantly became most autocratic, non-democratic, leaders in modern U.S. history.  Yet, in order to retain their insane ideological projection, all of them – including Hillary Clinton in this soundbite – must deny and pretend not to know that reality.  WATCH:

[Transcript] – “I remember as a young student, you know, trying to figure out how did people get, um, basically, bought in by Hitler?  How did that happen? And I watched newsreels and I’d see this guy standing up there and ranting and raving, and people shouting and raising their arms, and I thought – what’s happened to these people, why did they believe that?  

“I saw the rally in Ohio the other night, Trump is there ranting and raving for more than an hour, and you have these rows of young men with their arms raised. I thought, what is going on?  So, there is a real pressure, and I think it is fair to say we are in a struggle between democracy and autocracy.”

“You know, I believe one of the reasons that Putin decided ‘what the heck, I’m going to go invade Ukraine, I’m going to go and take them over, you know in three or four days’, is because he assumed if Trump had been reelected, Trump would have pulled us out of NATO, and then Trump didn’t end up back in the White House.”  

Man, I would love to have a few minutes with these knuckleheads, ask questions and challenge their bulls**t.

The History Books Will Prove This is an Industrial Example of The Great Pretending


Posted originally on the conservative tree house on September 24, 2022 | Sundance 

This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing.   This is the best example to date of the misconception behind ‘The Great Pretending.’

U of Penn, Wharton Business School professor of finance, Jeremy Siegel, rails against Jerome Powell and the central bankers for raising interest rates into a collapsing western global economy.  Everything, everything he outlines, is essentially accurate about the damage being done to western economies. …. Except the biggest realization and acceptance is missing…. It’s being done by design.  The people he outlines are not making a mistake, they are doing it on purpose.  First, WATCH:

The U.S, EU, CA, AU and western economic central bankers did not respond sooner to the inflation crisis (2021) because the central banks were waiting for the politicians in their systems to establish the energy policy that their pre-planned action was intended to support.  [<- Reread that if needed].

Once the collective Build Back Better/Climate Change energy policy was established (2021), and after the resulting inflation created the justification for the central bank action, then -and only then- did the central bankers trigger the next phase of raising interest rates (2022) to reduce western economic activity and support the Build Back Better agenda.

All of this was by design.  None of this was by mistake.  The process, strategy and timing were all part of the Build Back Better agenda.  Purposefully created inflation, the result of the energy policy, was planned and used by the central banks to justify the rate increases.  It was a self-fulfilling prophecy built into the Build Back Better roadmap.

Now these ‘bankers’ are trying to collapse the economy to meet the reduction in energy production.  The bankers are supporting the political motives of the politicians.  This is all intentional.  Jeremy Siegel misses this core and fundamental aspect.   However, some of the lesser ideological western leaders (politicians) are starting to get ‘cold feet.’

The U.S, EU, France, Canada and Australia/New Zealand are ‘all-in.’   Joe Biden (U.S.), Justin Trudeau (CA), Jacinda Ardern (NZ), Emmanuel Macron (FR) and Ursula von der Leyen (EU) are unwavering and all in.  All of their central bank control officers are also all-in, including Christine Legarde (EU).  These unflinching ideologues are not going to budge, but some of the politicians within their economic systems are starting to get cold feet.

Japanese Prime Minister Fumio Kishida was the first to express reservations about the collective goal to sink their economy.  German Chancellor Olaf Scholz is also realizing he may not survive unless he cuts the cord tying him to the Build Back Better anchor of un-survivable renewable energy policy.  The recently installed British Prime Minister Liz Truss is also trying to untangle the knot tied by Boris Johnson, as her nation now suffers with double digit energy price increases.  These are the first fractures in the coalition since the Build Back Better agreement was made.

Jeremy Siegel is correct as to the outcome, but he -like almost all western financial pundits- are blind to the true motive.  Siegel is blaming it on incompetence, instead of going back to the original Build Back Better design as openly expressed by the central banks and politicians in 2020.   They were not hiding it.

The collective western leadership openly said this exact scenario was what they were going to do coming out of the useful COVID-19 pandemic.

The Western leaders openly stated they were going to use the time of lowered economic activity (created by the pandemic) as a gauge to measure and deploy a permanent change to the global system of energy development.  They were going to exit the pandemic with a new focus on climate change and new energy systems.

That pandemic “exit” was the gateway into the “economic transition” that all of the western leaders then began describing.

Throughout 2021 traditional oil, coal and natural gas exploitation was reduced by policy.  Inflation skyrocketed while the central bankers waited like kids playing double-dutch jump rope.  Wait,…. summer 2021…..  wait, fall 2021….. wait, winter 2021… wait, spring 2022…. and then, after the energy policy cemented,…   “NOW” run in and jump – Summer 2022, with the rate hikes.   The timing was by design.

Can you see it now?

Joe Biden Says More Creepy Stuff About a Woman in Audience, She was 12 and I was 30


Posted originally on the conservative tree house on September 23, 2022 | Sundance 

Joe Biden has made creepy comments and behaved in weird inappropriate behavior around women for quite a while.  While the mainstream media has justified Biden’s inappropriate hair sniffing and touching by saying he’s generally a touchy person, it’s somewhat of a theme that every few weeks something creepy surfaces. {Direct Rumble Link}

Continuing with a familiar pattern, during remarks at a DNC event, Joe Biden singled out a woman in the audience and noted their relationship began when she was 12 and he was 30.  “We go back a long time,” creepy Joe stated.  WATCH:

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Atwater Styled Shenanigans Surface in DeSantis National Political Campaign


Posted originally on the conservative tree house on September 22, 2022 | Sundance

For those who have followed the deep weeds of republican political games and schemes, the DeSantis flights from Texas to Martha’s Vineyard had a specific familiarity to them.

The transfer of Venezuelan migrants, illegal alien border crossers, from Texas to Massachusetts via Florida taxpayers and Ron DeSantis was/is, well, something republican strategist Lee Atwater would have come up with.  The protege’ to Atwater is a person more familiar to modern republican followers, Karl Rove.  Yes, the migrant transfer operation held all the political benefits of something very Rovian in its construct.

Take an issue like border security, central to the majority of republicans, add an element of targeted benefit and overlay an establishment playbook carried out by shadow constructs giving plausible deniability to the central planners in the backroom, and you get this type of operation.  However, there’s always a risk of taking things just too far and losing control.  An investigative article in the Miami Herald today has the elements of a looming backlash that needs to be avoided by the principle.

The Miami Herald is a notoriously left-wing super narrative machine, but when it comes to using their investigative resources to target a vulnerability in their opposition, they are akin to the New York Times in the sharpness of their attack.   If the story as outlined in the Miami Herald is even remotely accurate, the thirsty people behind DeSantis may have just set themselves up for a problem and created an ‘own goal‘ scenario.

Investigators are now picking up the first scent of blood in the water created by short-sighted DeSantis operators.  According to the lengthy outline, a contractor with intent to carry out the DeSantis operation has been identified by the media; she is known as “Perla.”  The outline of the operation now changes the national narrative, at least that’s the goal of the Herald, from Rovian political strategy into DeSantis using vulnerable migrants as political pawns.

Miami Herald – […] Ultimately, the migrants interviewed by the Herald were the butt of the joke. They thought they were going somewhere. Five days before she knocked on the door of their motel rooms, the woman, who never told them her name, had recruited the migrants to join a secret operation to transport asylum-seekers out of Texas. She had approached them outside San Antonio’s migrant resource center and said she worked for an organization that she did not name.

[…] The week before, contractors working for DeSantis, including a woman known only as “Perla,” had organized two charter flights to Martha’s Vineyard, the Massachusetts island, as part of a taxpayer-funded program to remove “unauthorized aliens” from Florida.

[…] DeSantis has said he’s recruiting migrants in Texas for the flights because it’s easier to find them traveling together at the border than spread out in his own state. Critics called it a cruel stunt — and a misuse of taxpayer money — aimed at promoting a governor expected to run for president.

[…] DeSantis’ office did not immediately respond Wednesday when asked if the state of Florida was behind the latest recruiting efforts, or whether it had arranged the planned charter flight from San Antonio to Delaware that never happened. When shown photos of various recruiters, migrants from the Martha’s Vineyard flights and the group that thought they were destined for Delaware both recognized one image, of an unidentified woman with black hair.

[…] Christina Pushaw, the DeSantis campaign’s rapid response director, would write on Twitter that news of the Delaware flight was “disinformation.” (Like the governor’s office, the DeSantis campaign did not respond to a request for comment.) After the flight was canceled, the recruiters organized a bus to take Escalona and most of the others back from La Quinta to the San Antonio migrant resource center. But some migrants were never told about the bus. They were stranded at the remote hotel roughly 10 miles from the resource center, where migrants can get aid and shelter for a maximum of three days.

[…] All of the migrants interviewed by the Herald told similar stories. They were recruited by a woman in a black vehicle driving around the migrant resource center and then taken to La Quinta to wait. Although the destination was uncertain, the plan appealed to people who had no resources after making the long journey north from Venezuela.

[…] There were conditions to staying at La Quinta as part of the program. The recruiters warned him not to give out any information or talk about what they were doing. It still would have been worth it, he said, had he gotten to a state that provided more resources to migrants. He just wanted to work, and the woman’s offer seemed to promise that opportunity. (In reality, asylum seekers are not allowed to work immediately, although they have legal status in the United States.) Deiker José’s plan vanished the moment the flight was canceled. “I want to cry because I feel hopeless. I have nothing. How do I work? How do I survive?” he said. (read more)

There is a fine line between making a political point and being viewed as exploiting the desperation of vulnerable migrants.

I have no doubt the Rovian people behind the DeSantis campaign saw an opportunity to score major national points, and when combined with the ferocity of the Pushaw eastern European mindset there was likely an echo-chambered snark-filled joy of willingness in the plan.

However, if you do not see how this has the likelihood to be viewed as tenuously ridiculing by the larger Latino community in Florida, you likely don’t recognize when a joke turns into the bloom falling from the ruse.

Overlay Florida taxpayer money being used to fund the DeSantis national political game and, well, you already see the grins in the Lawfare crowd.

Give us Money or We Call You Racist – Byron Allen Media Group Demands $10 Billion From McDonalds


Posted originally on the conservative tree house on September 22, 2022 | Sundance

A California judge is allowing a black entertainment group led by Byron Allen to continue their lawsuit against McDonalds for not spending enough money advertising with the network.   The lawsuit alleges that McDonalds does not give enough of their advertising budget to black entertainment, therefore McDonalds is racist.

Byron Allen is suing McDonalds for $10 billion, demanding reparations from the fast-food chain for not spending enough advertising with his company.

There’s gold underneath those arches.  On its face this looks like the extortion business model of Al Sharpton dressed up in corporate media suits.  It will be interesting to watch how this unfolds.

Sept 20 (Reuters) – McDonald’s Corp has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media.

In a decision on Friday, U.S. District Judge Fernando Olguin in Los Angeles said Allen could try to prove that McDonald’s violated federal and California civil rights laws by deeming his networks ineligible for the “vast majority” of its advertising dollars.

Allen accused McDonald’s of relegating his Entertainment Studios Networks Inc and Weather Group LLC, which owns the Weather Channel, to an “African American tier” with a separate ad agency and much smaller ad budget, depriving them of tens of millions of dollars of annual revenue.

While not ruling on the merits, Olguin cited allegations that Entertainment Studios had since its 2009 founding tried repeatedly and unsuccessfully to obtain a contract from McDonald’s, whose “racist” corporate culture harmed Allen.

“Taken together, and construed in the light most favorable to plaintiffs, plaintiffs have alleged sufficient facts to support an inference of intentional discrimination,” Olguin wrote.

In a statement on Tuesday, McDonald’s lawyer Loretta Lynch maintained that the Chicago-based company viewed the lawsuit as “about revenue, not race,” and believed the evidence would show there was no discrimination.

“Plaintiffs’ groundless allegations ignore both McDonald’s legitimate business reasons for not investing more on their channels and the company’s long-standing business relationships with many other diverse-owned partners,” she said. (read more)

If a black media outlet can sue a corporation for not spreading their wealth, what precedent would this set?

KASH PATEL: THE REAL REASON DEM RUN COUNTIES ARE NO LONGER SAFE


The Charlie Kirk Show Published originally on Rumble on September 21, 2022

A very good discussion with a good idea!

Interview WORLD FIRST: The Plot to Seize Russia, War Propaganda, and More


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 22, 2022 by Martin Armstrong

Listen to my latest interview with Maria from Zeee Media.

Description from Maria:

World renowned economist Martin Armstrong joins us to break the story of the several-decade long plan to seize Russia, detailing how he has obtained declassified documents from the Clinton Administration, and how he was previously targeted for possessing this knowledge – which he is finally able to release.

Martin takes us through his encounter with an alleged terrorist from 9/11 while he served in prison, who was actually a Pakistani Christian that was framed by the US Government. We also discuss world events, war propaganda, and Martin’s insight into where we are heading.