Tag Archives: Economic Collapse

Mar 11 2024

Senate Candidate Adam Schiff Hopes Intelligence Community Will “Dumb Down” and Filter Briefings for Donald Trump


Posted originally on the CTH on March 10, 2024 | Sundance

By now, most intellectually honest American observers have accepted the United States intelligence apparatuses are  the most political and dangerous institutions of government. All recent history shows how the Intelligence Community (IC), identified by Chuck Schumer as the “six ways to Sunday” targeting group, operate as the extra-constitutional fourth branch of government.

The IC conducts surveillance of Americans, and the apparatuses of the FBI, DOJ and DHS operate the enforcement mechanism for the targeting identified by the intelligence apparatus.  The public-private partnership between the domestic communication networks, including social media, and the Intelligence Community are well known. DHS operates on behalf of the IC and the legislative and judicial branches defer to the IC.  This is a specific outcome of the Patriot Act authorizing the IC to conduct surveillance of all Americans.

In his interview with Meet the Press today, former House Intelligence Committee Chair, and current Senate candidate from California, Adam Schiff, publicly stated his desire that the IC continue their operations against U.S. citizens and control any/all information that is shared with Donald Trump in national security briefings.  WATCH (prompted):

.

The United States intelligence community is the most insidious threat to the Republic.  There is currently an information war taking place that encompasses pushback against the constructs of the IC and the control justifications known as “misinformation,” “disinformation,” and “malinformation.”  All of these newly created terms serve the function of controlling, eliminating and censoring activity by a corrupt network of government actors.

There is no such thing as mis-dis-or mal-information – there is only information.  Unfortunately, too few Americans have an understanding of how and why these terms were created by the surveillance apparatus in order to control information they deem against their interests.

Lastly, Adam Schiff is likely going to be the purple tie candidate supported by the professionally Republican and communist Democrats in their effort to generate an insurance policy against President Donald Trump.  It is easy to predict how Schiff would likely be installed in the Senate Select Intelligence Committee (SSCI) with a specific responsibility to stop, impede and block any intelligence nomination by President Trump.

Mar 10 2024

Irish Voters Reject Leftist Effort to Change Definitions of Women and Family


Posted originally on the CTH on March 9, 2024 | Sundance 

The leftists in Ireland had previously been having a lot of success pushing “progressive” wokeism and curtailing the ability of citizens to criticize cultural marxism.

Whether the issue was forced multiculturalism through immigration or making it unlawful to speak against the globalist agenda, the government of Ireland had been in strong control of the social narratives. However, as the globalists became increasingly confident, the country became increasingly alarmed.

That’s the context for a referendum that would have redefined what it meant in Ireland to be a woman or family.  The voters rejected the attempted constitutional change.

Irish Prime Minister Taoiseach Leo Varadkar (pictured left) said it was clear the two referendums were “defeated comprehensively.”

DUBLIN — Ireland’s effort to remove old-fashioned family values from its constitution suffered a double defeat Saturday as voters rejected the amendments on offer as maddeningly vague and threatening to property rights.

The leaders of Ireland’s three-party government conceded defeat as early returns from Friday’s referendums confirmed that an overwhelming majority of voters had said “no” to its proposed replacements for constitutional clauses on marriage and family care.

In final results announced Saturday night, the amendment to change the constitutional definition of family was rejected by 67.7 percent of voters. The proposed changes on family care took an even harsher drubbing, with 73.9 percent against — the greatest defeat of an amendment in Irish constitutional history. (read more)

Mar 9 2024

Ep 3300a – It’s All About To Fall Apart For The [CB]/[WEF], Time To Restructure The Economic System


Posted originally on Rumble By X 22 Report on: Mar 7, 2024 at 5:00 pm EST

Mar 9 2024

The Coming New Monetary System


Posted originally on Mar 8, 2024 By Martin Armstrong 

QUESTION: Hello Martin, been reading your passages for a few months now. I had a question for you.

What currency do you think BRICS will use to settle trades in the future and if that he bitcoin could be a viable option? Since you don’t see the USD being the world currency by 2035.

Thanks for the wisdom.

ANSWER: The only benefit of Bitcoin is that it is neutral. But it is insufficient for world commerce because it cannot be used for lending or credit, or you end up in the same situation where it is just leveraged – the very complaints about fractional banking. You deposit $100 in a bank, and they lend out $92, and then two accounts show the same cash. The money supply can be multiplied many times through credit. The nonsense that Bitcoin would replace the dollar as the reserve currency only shows that those people do not understand the world financial system. To accomplish that, you will destroy everything – mortgages can no longer be made, and the entire world is plunged into a truly monumental depression, sending us back to the Dark Ages.

The primary argument against the dollar is that the Neocons have turned it into a political weapon by sanctioning Russia and removing it from SWIFT. That woke up many countries, who then realized that the dollar had become a weapon and no longer an impartial currency in world commerce.

The de-dollarization is NOT economic-based but POLITICAL. Wake up! This is not the standard fiat money nonsense. This is about political power to force countries to do the bidding of American Neocons or else!

Private Assets Government Assets

The more practical neutral element would be gold. But there cannot be a “GOLD STANDARD” whereby you fix the price. With time, such a system will collapse, as did Bretton Woods. A monetary system MUST float, as does the economy and everything else. During a depression or recession, people sell assets and run to cash. In inflationary booms, you buy assets and get rid of the cash. LOOK – I am NOT an academic! I advise on trillions of dollars and have watched how capital responds for about 50 years. It is always self-interest – not theories of equality.

Gold 400 oz Bars

400 oz Central Bank Gold Reserves

I have been called in by central banks worldwide BECAUSE we have been the largest institutional adviser since we have focused on capital flows and currency markets. I can tell you that central banks are NOT buying gold because they think it will go up. That has absolutely NOTHING to do with such decisions. They are buying gold because it is NEUTRAL, and you can no longer trust the dollar, British pound, or the Euro, no less the Yen, etc. All Western currencies are now subject to political intervention as we enter the mere risk of war and Neocon intervention.

Florence

The only way to create a neutral, NON-POLITICAL world currency would be one where international transactions are carried out in gold – BUT on a FLOATING RATE – not fixed. During the 14th century, even Florence had a two-tier system where gold was used for international transactions and silver for domestic transactions. The more practical monetary system would be for each country to maintain its own currency for domestic use, and the international settlements would be in NON-POLITICAL gold.

This is the problem with the Euro. They eliminated the currencies to end the fluctuations between the member states. Still, the refusal to consolidate the debts meant that the volatility that once existed in the currencies was merely shifted to the bond market where each member’s debt trades according to their credit rating, as is the case among the 50 states in the USA.

Mar 9 2024

Free Home Loans for Illegal Migrants in California


Posted originally on Mar 8, 2024 By Martin Armstrong

Leaving California

Liberal California lawmakers are proposing new legislation that would grant illegal migrants zero-down, zero payment home loans. Assemblyman Joaquin Arambula, D-Fresno, who penned the bill, states, “The social and economic benefits of homeownership should be available to everyone.” This completely insolent maneuver is a slap in the face to all taxpaying citizens who can barely afford homes of their own.

The program would expand the California Dream for All Shared Appreciation Loans that began in 2023 with a $300 million budget intended to house 2,300 applicants. This fund failed in 11 days as the people who pass these laws have absolutely no concept of basic finance. This time around, they’re ensuring that only people who do not work full-time will be qualified as the new qualifications are that someone must earn under 120% of the median county income, and be the first GENERATION in their family to own a home on US soil.

The changes to the failed legislation is as follows:

LEGISLATIVE COUNSEL’S DIGEST

AB 1840, as amended, Arambula. California Dream for All Program: first-time homebuyers. eligibility.

Existing law establishes the California Housing Finance Agency in the Department of Housing and Community Development, and authorizes the agency to, among other things, make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs housing, and other forms of housing, as specified. Existing law establishes the California Dream for All Program to provide shared appreciation loans to qualified first-time homebuyers, as specified. Existing law establishes the California Dream for All Fund, which is continuously appropriated for expenditure pursuant to the program and defraying the administrative costs for the agency. Existing law defines “first-time homebuyer” for these purposes. Existing law authorizes moneys deposited into the fund to include, among other moneys, appropriations from the Legislature from the General Fund or other state fund.

This bill would specify that the definition of “first-time homebuyer” includes, but is not limited to, undocumented persons. an applicant under the program shall not be disqualified solely based on the applicant’s immigration status. By expanding the persons eligible to receive moneys from a continuously appropriated fund, this bill would make an appropriation. The bill would recast the fund so that appropriations from the Legislature from the General Fund or other state fund are deposited into the California Dream for All Subaccount, which the bill would create and make available upon appropriation by the Legislature for specified purposes.

In fact, this is not a “loan,” but another taxpayer-subsidized program, as qualified applicants will receive the funds to put 20% down on a home without making a payment on the loan or to the CHFA. The funds will only need to be repaid if the borrower sells or refinances the home, but the property may be held for an indefinite amount of time.

California has the largest homeless population in the nation who are discarded members of society, even the veterans who served our nation. The average price of a home in California is about $750,709 based on Zillow’s estimates, marking a 4.4% YoY increase, which makes a typical 20% downpayment around $150,141.80. Due to high prices, California boasts the second largest renter-occupied market in the nation behind New York, with 49.7% of the population opting to rent largely out of necessity.

This should receive bipartisan backlash and open the eyes of even the most liberal citizens. The government is using the resources it collects from you via taxation to push a political agenda through the use of illegal unvetted migrants who are toppling state budgets and destroying America from within.

Mar 8 2024

Can World War III be Avoided?


Posted originally on Mar 7, 2024 By Martin Armstrong 

Socrates Monitory Globe

Many people have written in asking if you can avoid World War III. In my experience with this model, the turning points are fixed in time. We cannot alter the cycle any more than someone can manipulate any market, altering it from boom to bust.

Amplitude 1

You cannot alter the cycle, but I believe that, from my observations, it may be possible to manipulate the amplitude. This would have been my concern if it had fallen into the wrong hands. I have grandkids. I would not want to leave behind another economic weapon Neocons can use to screw up the world even more. Perhaps you can make an event much worse. However, improving the situation and reducing the amplitude might also be possible.

Amplitud 2
Mar 8 2024

Sweden War-Mongers Ready to Start WWIII


Posted originally on Mar 7, 2024 By Martin Armstrong

2024_03_07_18_26_06_Sweden joins Nato

COMMENT: Hello; I just wanted to comment that the arrays on Sweden have predicted the two-year wait for NATO, and it got it down to the month. I just wanted to say that all we have had here is doom and gloom, and Russia will attack any day now. The press claimed Sweden is neutral. I do not think they know our war history with Russia for several hundred years.

Thank you for Socrates. It always gets the time right.

PHM

Swedish_Krona_Spot_Array Y 5 15 22

ANSWER:  I think you are correct. For those who do not know the history of Sweden, they used to be a major power. There have been 15 wars with Russia since 1475 – about one on average every 30 years or so. The Yearly Array was a major turning point and a Double Directional Change. That indeed marked this war-mongering for the past two years. Sweden has NOT been neutral. They have been supplying weapons to Ukraine to further advance the war against Russia. Neutrality means you stay out, and they have both feet in.

2024_Sweden_war with Russia

Yes, the war-mongering has been on schedule. You have your version of Neocons as well who also just want war at all costs.

Swedish Krona M Array 3 7 24

March was the target, and we had a Directional Change in April. May is the next turning point, but we have a Panic Cycle in September, which is showing up internationally in many markets and virtually most countries. This was a dark day for Sweden. Your war-mongers cannot wait to start a war, and it looks like they may get it before the US elections.

Prague Memorial to Communism

We have such fools in all governments. They are being told to start a war and are too stupid to comprehend that there are those who want to eliminate 50% of the population to save the planet.

Mar 8 2024

Powell: March Rate Cut Unlikely


Posted originally on Mar 7, 2024 By Martin Armstrong

Powell Jerome

Those who follow this blog already knew that the Federal Reserve would not drop rates in the future due to unsustainable fiscal policies paired with America’s increasing involvement in foreign wars. All of the talking heads were preaching that rates would significantly decline to pandemic levels, as if that were the historical norm. Every fiscal policy in recent years has exacerbated inflation and the Fed cannot keep up with government spending. QE FAILED. The artificially low interest rates of the recent past were completely unsustainable and relied on outdated theories.

The outdated understanding based on Keynesian Economics remains to increase the supply of money and it MUST be inflationary. The Fed raises rates to reduce consumption and lower rates to stimulate consumption. It’s a very nice theory, but when actually tested, it utterly fails. Lower rates will NEVER cause people to invest UNTIL they believe that there is an opportunity to invest. We are watching the big players withdraw from equities, let alone government debt. We are in a private wave where money is running off the grid at a rapid pace.

DowIntRates 1929

The peak in interest rates took place in 1899 at virtually 200%. Yet, 1929 was the real bubble top and it peaked with 20% interest rates in call money on the NYSE. In theory, the biggest boom should have been met with the highest interest rate. In truth, the “real interest rate” as I have defined it is when the interest rates exceed expectations. If you think the stock market will double, you will pay 25% interest.

As you can see, while interest rates hit nearly 200% in 1899, the share market did NOT crash percentage-wise anything as it did following 1929. Look, there is a lot more to this than meets the eye. Everything must be addressed on a global scale for it all depends also on the direction of capital flows. There is just a lot more to this than simply the money supply and interest rates.

CALLMONY MA

Now, Powell continues to explain to the public that VOLATILITY and economic conditions are beyond the control of the Fed. “We believe that our policy rate is likely at its peak for this tightening cycle,” Powell said. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. But the economic outlook is uncertain, and ongoing progress toward our 2% inflation objective is not assured.”

Powell Fed Got Inflation Wrong Nov 2021

All the news of inflation waning, including recent data, is inaccurate propaganda intended to calm recessionary fears. Even by the government’s data, inflation is up 3.1% compared to last year. It was an unprecedented moment when Powell broke with Washington and criticized the government for their unsustainable spending. The Fed NEVER criticizes the government, despite the two being separate.

Hence, I say to stop blaming the Fed. They are not the ones creating all the money but are working to match monetary policy with unsustainable fiscal policies. We are looking at trillions in deficits per year. There is no restraint when creating new massive spending packages. Then people blame the central bank with no concept that it’s only a fraction of “money;” the real issue is CONGRESS.

Listen, interest rates cannot decline in the face of war. The 2020 yearly array showed a turning point for a high in 2022 and a possible correction into 2024. I explain this in more detail on the Socrates private blog but buckle up for the year ahead.

Mar 8 2024

Poland Farm Protests Encounter Prepared Government Response, Confrontation Turned Violent


Posted originally on the CTH on March 7, 2024 | Sundance

I visited Warsaw twice last month and can provide some ‘boots on the ground’ background context for what is taking place as the Polish farmers begin protesting against the regime of Prime Minister Donald Tusk.

The first thing to understand is that Warsaw is to Poland almost exactly as Washington DC is to the United States – which is to say, a capitol subculture of leftists and WEF minded globalists totally disconnected from the social mindset of the rest of the country.  The Warsaw of the 80’s and 90’s Solidarity Movement no longer exists, which explains the installation of Tusk in opposition to the generally lulled to complacency Polish people.  Sound familiar?

“European agriculture policies and Ukrainian cheap grain, burning tires outside of Prime Minister Tusk’s office, as up to 100 THOUSAND more protestors expected to flood streets of Warsaw.”

The protests are not about Ukraine farm products (Western narrative); they are protesting the Build Back Better (Green New Deal) climate change nonsense regulations that will put them out of business and hurt the Polish people.

The German farmers and middle class workers organized their logistics brilliantly.  The farmers approached Berlin from every angle, using all the arterial roads as points of entrance to surround the city.  The German farmers came into each artery in two columns: column A at the front and column B in the back.

Column A drove into the city; column B remained outside the city blocking the streets.  It was a smart way logistically to protest, and German officials could not respond because they were blocked.  German truckers and transportation workers assisted the protest with non-compliance highlighting their support.  The German government acquiesced to the farmers.

The French farmer protests learned from the Germans, and they too were successful in their logistical protest against the French government.  The French government acquiesced to the French farmer’s demands.

However, the Polish government saw the effective strategy as it began spreading around the EU. Tusk brought into Warsaw an advanced police group.  As the Polish farmers moved into the center of Warsaw, they encountered a heavily fortified Polish security force.  Tempers flared and physical confrontation was the outcome.

WARSAW, Poland (AP) — Poland saw its most violent protest by farmers and supporters yet Wednesday as some participants threw stones at police and tried to push through barriers around parliament, injuring several officers, police said.

Police used tear gas and said they detained over a dozen people and prevented the protesters from getting through to the Sejm, the Polish parliament.

Farmers are angry over European Union climate policies and food imports from Ukraine that they say threaten their livelihoods. Such protests have occurred across the 27-member EU in recent weeks, but this one was decidedly angrier than earlier demonstrations in the central European nation.

Police noted on the social media platform X that its officers “are not a party to the ongoing dispute” and warned that behavior threatening their safety “cannot be taken lightly and requires a firm and decisive response.”

The deputy agriculture minister, Michał Kołodziejczak, said he didn’t believe that “real, normal farmers caused a riot in front of the Sejm today,” and that it was necessary to isolate “provocateurs and troublemakers.”

He did not say who he thought was behind the violence.

Farmers on tractors blocked highways leading into Warsaw while thousands of their supporters gathered in front of the prime minister’s office before marching to the parliament. Some trampled a European Union flag and burned a mock coffin bearing the word “farmer.”

Farmers were joined by miners, foresters, hunters and other supporters. They blew horns and set off firecrackers and smoke bombs, despite police warnings that the use of pyrotechnics was banned. Some protesters burned tires.

The protesters are demanding a withdrawal from the EU’s Green Deal, a plan meant to fight climate change and protect biodiversity, including with plans requiring farmers to reduce the excessive use of polluting chemicals to boost their crops. The protests have led politicians to water down some provisions. (read more)

The area around the U.S Embassy in Warsaw is no longer a place of well-kept landscape honoring Ronald Reagan and the Polish Solidarity Movement.  All of those pesky vestiges of freedom are in disrepair or being removed.

That said, let us hope (😉) the American resistance movement is watching the logistical success of the truckers and farmers in Germany and France.

Let the people enter the capitol for protest marches, while the support system infrastructure disrupts the arteries that encircle the core.

Berlin in January:

Warsaw last month:

Mar 7 2024

Scared of the National Debt? You Should Be.


Posted originally on Mar 7, 2024 By Martin Armstrong 

NationalDebtNYCVBillboard

A new billboard launched in New York City’s Times Square is sounding the alarm on America’s growing national debt crisis. “Scared of the national debt? You should be.” US national debt spiked past $34 trillion at the top of the year and continues to rise due to massive spending packages. Now that America is committed to funding two largescale wars and 7.2+ million new migrants, America will continue sinking deeper in a hole.

The Committee to Unleash Prosperity (CTUP) funded the billboard and said its aim to inform the voting public on the policies that will destroy this nation. CTUP says that this is a bipartisan problem that must be revealed to average person. Their website quotes Milton Friedman:

“Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax … If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or in the form of borrowing. The thing you should keep your eye on is what government spends, and the real problem is to hold down government spending as a fraction of our income, and if you do that, you can stop worrying about the debt.”
Friedman Milton Autograph

The average person does not realize that these “free” aid packages to Ukraine, Israel, Taiwan, the migrants, climate change, etc., come at the expense of the US taxpayers. YOU are paying for all of these measures. Government has and will raise taxes in order to fund these fiscal measures but they will NEVER collect enough revenue from the people to cover their spending. Then these measures lead to rising inflation where goods cost significantly more and our dollar is worth significantly less.

The Congressional Budget Office stated that national debt reached 97% of GDP by the end of 2022.  I repeatedly point to Jerome Powell’s 60 Minute interview where he breaks with Washington to point out how utterly unsustainable government policy has become. “How do you asses the national debt?” the interviewer questioned the Fed chairman. “We mostly try very hard not to comment on fiscal policy and instruct Congress on how to do their job,” Powell answered, adding that Congress has oversight on the Fed and not the other way around.

@60minutes

60 Minutes witnessed migrants struggling to get through coils of sharp wire to illegally enter the U.S. #60minutes #eaglepasstx #borderpatrol #usborder #migrants

♬ original sound – 60 Minutes

“In the long run, the US is on an unsustainable fiscal path. The US federal government is on an unsustainable fiscal path and that just means that the debt is growing faster than the economy,” Powell finally warned, later adding, “effectively, we are borrowing from future generations.” He warned that we must begin to prioritize fiscal policy immediately to fix this unending crisis. Again, his comments were unprecedented as his agency is largely unable to criticize Washington. How is the Federal Reserve supposed to regulate price stability when their overlords are doing everything possible to steer the nation’s economy off the deep end?

So what can the public do and what’s the point of this billboard? It begins with your voice and ends with your vote. Stop supporting these endless wars, they are only hurting the nation from within and are NOT meant to attain victory or liberate anyone. We are not helping the people of Ukraine by prolonging their war. We are not saving the world by throwing money at climate change policies. We simply do not have the resources to fund millions of migrants who continue to show up at the border every minute. All of these policies are hurting the economy and, ultimately, the future of America and the American people.