Tag Archives: Economic Collapse

Jun 16 2023

So What Comes Between Now & 2032?


Armstrong Economics Blog/ECM Re- Posted Jun 15, 2023 by Martin Armstrong

QUESTION: Dear Sir,
With regard to your recent blog post – [ https://www.armstrongeconomics.com/international-news/politics/word-of-warning-they-cant-put-trump-in-prison-but-they-can-you-for-protesting/ ]…
… you included the ECM chart depicting the decline and fall of the United States.
You have an encyclopedic understanding of the cyclical rise and fall of empires.
Seeing as how the USA presently constitutes a veritable empire in most respects, are you able to comment on the synergy between an empire and its satellite constituents – ie, do the ECMs for the Five Eyes nations synchronize with the United States, or do they diverge?
Regards
PK

The Five Eyes (FVEY) is an intelligence alliance comprising Australia, Canada, New Zealand, the United Kingdom, and the United States demonstrates one thing – the rest of the West is not included. Yet 2032 is more than just the culmination of the current 51.6-year wave of the Economic Confidence Model. It is the subsequent set of 309.6 years waves from the peak in the Roman Empire which all historians draw the line in history as the reign of Marcus Aurelius (161-180AD). That was when Marcus sent an ambassador to the Emperor of China.

If you read Marcus Aurelius’s Meditations, you are left with the feeling that there is nothing new. History repeats because human nature itself has never changed and people will always act in their own self-interest no matter what century. All we have ever witnessed through time in the memorial is fake news steeped in opinion rather than fact.

Our model on NYC also showed that it turned decisively down from 2022. NYC will only get worse now going into 2026. The fascinating aspect is that 2022 was a key turning point on so many issues around the world. Trump’s arrest is just throwing the Rule of Law into the garbage bin because the Neocons are scared to death that if he ever regained power, he would strip them of all power.

Even when we look at Russia v Ukraine, that too shifted in 2022. The war is likely to escalate globally by April 2024. The Neocons are desperate and intend to create war involving US troops before the 2024 election. They are counting on the fact that no president has ever lost during time of war. They need their puppet Biden in office and no other.

We see that the last turning point was November 23, 2022. That is when China’s sales of US Treasuries made a new historic low taking out the low of 2010. This will continue to decline as they clearly expect war with the United States going into 2027. By February 2023, the warmonger Neocon Secretary of State Blinken warned China there will be consequences if they aid Russia in the war in Ukraine.

The Neocons have ZERO concern for the US economy or its people. We are secondary to their objectives if we even rank in second place or anywhere in their minds. They could care less about the budget and will print money recklessly to achieve their end goal which is to dominate the world no different than they have claimed China and Russia seek to do. Fools who think inflation will subside make the assumption that we have a normal viable economy. We are living in a midst of a coup that has seized full control of the United States and they have whipped Congress into a war frenzy that is against the people and our own interests.

All their plans and Schwab’s WEF to create this authoritarian world where democracy does not exist on any level as Schwab has always made clear, they want to end our right to even vote. When we elected Trump, democracy suddenly became “populism” which was evil because it was targeted at them and their endless wars with endless corruption.

Populism was then the #1 crisis because they could lose power. They had to stop Trump and now they are actually seeking to imprison him for life where he will no doubt commit suicide like Jeffrey Epstein.

This is the culmination of the Sixth Wave also on the 309.6 Year Cycle. This is the complete collapse of our current form of Republican Government. They know they are losing power. They can kill Trump, but they cannot extinguish human nature. More and more people are awakening. Schwab’s idea of ushering in his version of the Great Reset which I believe he has taken from our 2032 forecast, is his desperate attempt to move to the next stage from Socialism to Authoritarianism. Communism collapsed because it was against human nature. So will this entire scheme to strip us of all our rights and in the end, we will restore our freedom and rid ourselves of these types of people.

If someone like Lindsey Grahm robbed a 711 and took pleasure in killing customers, you would call him a vicious psychopath. What is the difference to take pleasure in killing anyone?

Jun 14 2023

Putin Pleas for Peace


Armstrong Economics Blog/War Re-Posted Jun 14, 2023 by Martin Armstrong

The vilification of Putin has been extremely successful, so much so that no one is listening to his words. The Russian leader recently spoke of conflict resolution. That is not something a warmonger hellbent on conquering nations would discuss. And yet, Putin seems to be the only world leader discussing the potential of resolving the conflict in Ukraine without escalation.

“We sincerely tried to reach an agreement [with Ukraine]. It was difficult to negotiate some kind of patchwork of southeastern Ukraine with the rest of the country, but we tried in good faith,” Putin told military correspondents according to Sputnik news. He also reiterated that their intent regarding Ukraine has not changed. He is not attempting to resurrect the USSR or threaten other nations. Putin only wants the historically Russian territories in Ukraine. Why are we starting a world war over this wish that does not involve other nations?

“What is happening there [in Ukraine] now will certainly never suit us, historically speaking. When the negotiations were held, including in Istanbul, we constantly raised this issue, and they in turn told us: ‘But there is nothing neo-Nazi about us, what do you want from us?’ [Russia wants] at least some relative legislative restrictions. In general, we also agreed on this during the round of negotiations before our troops were withdrawn from Kiev and after they threw all our agreements out of the window,” Putin said. Every attempt at conflict resolution was denied by the neocons. The very agreement that could have prevented Russia from entering Ukraine in the first place was based on a lie.

“We wanted and we still want to have the best relations with all our neighbors after the collapse of the Soviet Union. And we do so, we have come to terms with… Well, that’s what’s happened. We have to live with it,” Putin plainly stated.

It is amazing how the media portrays him as a crazed man intent on destroying the world. I discuss the propaganda techniques used at length in my new book, “The Plot to Seize Russia.” Listen to his words because is intentions are clear. He has no desire to feud with the West. ” If they really want today’s conflict to end through negotiations, they only need to make one decision – to stop the supply of weapons and equipment. That’s it,” Putin declared. The problem is that they do not want to resolve the conflict by any means other than war. Russia clearly does not want war and has been asking the world to listen to their pleas for peace.

Jun 14 2023

President Trump Spokesperson Alina Habba Delivers a Statement From Outside the Federal Courthouse in Miami


Posted originally on the CTH on June 13, 2023 | Sundance 

As President Donald Trump stands with his legal team to defend himself against political prosecution, his spokesperson Alina Habba delivered a statement and addressed reporters outside the federal courthouse in Miami.

Habba accurately noted the people currently in control of our government do not love this country. They are trying to tear this country apart and Donald J Trump is a tool to achieve that objective.  This is their goal. This is the fundamental change they desire.  Isolation, ridicule and fear are their goals as they use the weaponized power of the full governmental apparatus against their opposition.  WATCH:

Keep in mind, the powers that seek to control the American political system, and ultimately the lives of every person in this nation, need the average person to feel despair, isolated and alone.  Those who use weaponized power to isolate, ridicule and marginalize, need to control the mechanisms of social life in order to stop people from connecting to the majority.

We are in an abusive relationship with our government.  The people running the Biden administration need to ensure the American people do not assemble against them.  Every mechanism and institution are being leveraged toward that objective.  When you understand that larger goal that underpins their power, you can make earnest effort to defeat this psychological war by engaging in purposeful fellowship.

As history is a guide, when the abused take to the streets, villages and hamlets, they realize they are not alone.  Defeating the abuser starts first by destroying the dark imaginings of fear the abuser creates in order to retain control.  Ultimately this is the purpose behind the message, ‘live your best life.‘

Jun 13 2023

New Song Representing the Non-Pretending American Population Going Viral


Posted originally on the CTH on June 12, 2023 | Sundance 

“81 Million Votes My Ass”, is a new counter-propaganda message turned into a song and highlighted by Kari Lake. {Direct Rumble Link}

The song is a little salty but strips down the nonsense and delivers a direct counterpunch to the elements in social society that would continually have us believe that Joe Biden won 81 million votes in the 2020 election.  WATCH/LISTEN:

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2024 is every American patriot uniting to burn the ships behind us.  This one is for all the marbles. 2024 is not a fight where tepid half-measures and gentlemanly pastels will suffice.  Get right with God, put on the armor, absorb the focus of fighting like the third monkey on the ramp to Noah’s ark, and get comfortable being uncomfortable.

Our ally is anyone who stands beside us, right now. Our enemy is anyone who doesn’t.

The new sons and daughters of the revolution are going to look completely different.  The Green Dragon Tavern may be a church, a picnic table or a tailgate.  The assembly is not focused on the labels of the assembled.  The mission is the purpose. The fight is wherever it surfaces. Delicate sensibilities must be dispatched like a feather in a hurricane.

Jun 13 2023

George Soros Hands Power to “More Political” Son Alex


Armstrong Economics Blog/Politics Re-Posted Jun 13, 2023 by Martin Armstrong

Billionaire George Soros, 92, announced that he is stepping down and passing the reins of power to his 37-year-old son, Alex. The Open Society Foundations founder is worth $6.7 billion but he funneled $18 billion into his foundation in 2017. Soros’ version of philanthropy is instilling his views upon society as a whole and funding far-left politicians across the world. Alex Soros recently told the Wall Street Journal that he is “more political” than his father.

One of his first courses of action was to meet with Kamala Harris. Harris did not add her meeting with the younger Soros to her public calendar. Alex also met with US Senate Majority Leader Chuck Schumer, Brazil’s President Luiz Inácio Lula da Silva, and Canada’s Prime Minister Justin Trudeau. All are proponents of the World Economic Forum and receive massive funding from the Open Society. The Soros family is highly linked to the Biden Administration, and Alex told the WSJ that one of his main goals is ensuring Donald Trump never returns to the White House. “As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too,” he said in regards to funding the upcoming 2024 Presidential Election on behalf of the Democrats.

Everyone thought George’s son Jonathan would take over for his father, but they had notable differences and was dismissed in 2015 when his father began to enter politics heavily. “We think alike,” George told the Wall Street Journal of his son Alex. The Soros super PAC, Democracy PAC, has created chaos globally. In the US, over 90% of Soros-backed candidates have won their elections. Soros-backed cities are overrun with crime as they have a policy of failing to prosecute dangerous criminals. As of November 2022, Soros subsidized district attorneys were in control of one-fifth of the entire country. Why is Soros funding the most radical prosecutors in America? I suggest you read my article on the Cloward-Piven strategy for political control.

It was once a conspiracy theory that George Soros was the financial powerhouse behind the success of the far-left. His son Alex has confirmed that the Open Society will become more political under his rule. There is no comparable conservative billionaire backing politics in this manner. Soros was the top donor of the midterms and has pushed an additional $125 million into his super PAC. Soros also created the Institute for New Economic Thinking (INET) which aims to create a new global economy.

I warned that 2015.75 was the peak in confidence in government, which has sharply declined ever since. That same date also marked George Soros’ aggressive initiative to infiltrate politics in a more significant way. The only politicians he supported outside of the left were neocons like John McCain. Alex Soros is not hiding his political agenda by any means. The models indicate that the likes of Soros and Schwab will fail to usher in a new world order, but that does not mean they will not create absolute pandemonium in their attempts.

Jun 13 2023

Senator Grassley Reveals FBI Confidential Human Source Alleging Biden Bribes Has Recordings of Himself Talking to Joe Biden


Posted originally on the CTH on June 13, 2023 | Sundance 

Things are certainly getting interesting on the Biden bribery story. Apparently, in the unclassified interview with the Confidential Human Source, the FBI redacted the source alleging he has audio recordings of himself speaking to Joe Biden.

Senator Chuck Grassley revealed this little bit of information today from the security of the Senate floor. WATCH:

[Grassley] […] Let me assist for purposes of transparency.

The 1023 produced to that House Committee redacted reference that the foreign national who allegedly bribed Joe and Hunter Biden allegedly has audio recordings of his conversations with them. Seventeen total recordings.

According to the 1023, the foreign national possesses fifteen audio recordings of phone calls between him and Hunter Biden. According to the 1023, the foreign national possesses two audio recordings of phone calls between him and then-Vice President Joe Biden. These recordings were allegedly kept as a sort of insurance policy for the foreign national in case he got into a tight spot. The 1023 also indicates that then-Vice President Joe Biden may have been involved in Burisma employing Hunter Biden. (read full transcript)

[Transcript] – Last week, I came to the Senate Floor to give a speech about the Biden Justice Department and FBI playing games with the American people by hiding the FBI-generated 1023 document from Congress.

Director Wray was going to be held in contempt for refusing to produce the 1023 that I told Chairman Comer about. Then, instead of contempt, the FBI committed to showing the 1023 and related documents to Congress.

So, the FBI showed but didn’t provide possession of that 1023 to the House Oversight Committee last week.

As the public knows that 1023 involves an alleged bribery scheme between then-Vice President Biden, Hunter Biden and a foreign national. The same allegations that Chairman Comer and I made public on May 3 of this year.

And on the same day that the FBI provided a redacted version of the 1023 to the House Oversight Committee, the Justice Department announced that former President Trump had been indicted and charged with 37 crimes relating to his alleged mishandling of classified records.

Attorney General Garland signed off on prosecuting Trump for conduct similar to what Joe Biden and Hillary Clinton engaged in. Two standards of justice in this country will turn our constitutional Republic upside down. Thanks to the political infection within the Biden Justice Department and FBI, we’re well along the road for that to happen.

This senator will do all that he can to fight that political infection. And you fight it by bringing transparency to what the government does. The public’s business ought to be public. Transparency brings accountability.

With respect to the 1023 shown to that House Committee, from what I’ve been told by folks who’ve reviewed it, it’s filled with redactions. So, Director Wray placed redactions on a document that’s already unclassified.

More than that, the FBI made Congress review a redacted unclassified document in a classified facility. That goes to show you the disrespect the FBI has for Congress. On a previous time on the Senate Floor, I asked my fellow senators what’s so unusual about an unclassified document being given to the public, when on May 18 of this year, there was leaked to the New York Times a classified document and even the name of a confidential human source. So, we’re kind of in a strange situation here. A classified document can be leaked to the New York Times, but an unclassified document can’t be made public to 300 million Americans.

Accordingly, Congress still lacks a full and complete picture with respect to what that document really says. That’s why it’s important that the document be made public without unnecessary redactions for the American people to see.

Let me assist for purposes of transparency.

The 1023 produced to that House Committee redacted reference that the foreign national who allegedly bribed Joe and Hunter Biden allegedly has audio recordings of his conversations with them. Seventeen total recordings.

According to the 1023, the foreign national possesses fifteen audio recordings of phone calls between him and Hunter Biden. According to the 1023, the foreign national possesses two audio recordings of phone calls between him and then-Vice President Joe Biden. These recordings were allegedly kept as a sort of insurance policy for the foreign national in case he got into a tight spot. The 1023 also indicates that then-Vice President Joe Biden may have been involved in Burisma employing Hunter Biden.

So, as I’ve repeatedly asked since going public with the existence of the 1023, what, if anything, has the Justice Department and FBI done to investigate?

The Justice Department and FBI must show their work. They no longer deserve the benefit of the doubt. It’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump.

Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump. Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI haven’t nearly had the same laser focus on the Biden family.

Special Counsel Jack Smith has used a recording against former President Trump. Well, what’s U.S. Attorney Weiss doing with respect to these alleged Joe and Hunter Biden recordings that are apparently relevant to a high-stakes bribery scheme?

Getting a full and complete 1023 is critical for the American people to know and understand the true nature of the document and to hold the Justice Department and FBI accountable.

It’s also important for asserting constitutional congressional oversight powers against an out-of-control Executive Branch drunk with political infection. Remember, Congress has received 1023’s in the past and they’ve been made public. So asking for this 1023 to be turned over to the American people to read is not unusual.

Congress owes it to the American people and the brave and heroic whistleblowers to continue to fight for transparency in this matter and make this document public without unnecessary redactions.

I want everyone to remember, that I have read the unredacted version. [Transcript Link]

Additionally, as more information is coming out from the FD-1023 and associated articles, the deep weeds walkers and research teams are zeroing in on the potential identity of the Confidential Human Source who gave the interview to the FBI.

SEE HERE 

Also keep in mind, this testimony was made to the FBI in July of 2020.  We are now past several elections of sequential coverup operations by the FBI in order to protect Joe Biden and manipulate election outcomes.

Jun 13 2023

JPMorgan Chase Settles Lawsuit From Epstein Accusers for $290 Million


Posted originally on the CTH on June 12, 2023 | Sundance 

Nothing shouts “complicity” quite like paying $290 million to make the issues disappear.  However, according to the Wall Street Journal, fortunately ““The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JPMorgan’s violations of law,” said a spokeswoman for the U.S. Virgin Islands attorney general.”

In one of the biggest settlements within the banking industry relating to sexploitation, JPMorgan Chase has agreed to pay the victims of Jeffrey Epstein $290 million in damages in order to settle a class action lawsuit against the bank.   Epstein used JPMorgan and Deutsche Bank as the financial mechanisms to pay for the sex trafficking operation he ran.  There are other civil and legal cases still ongoing, but JPMorgan hopes to extricate themselves from the collateral damage of Epstein’s horrific exploits.

Wall Street Journal – JPMorgan Chase JPM -0.25%decrease; red down pointing triangle agreed to pay $290 million to settle a lawsuit over its ties to Jeffrey Epstein, said lawyers for Epstein accusers, shortly after top executives were questioned about the bank’s years of dealings with the convicted sex offender.

The lawsuit on behalf of women who accused Epstein of abuse helped expose details about the bank’s relationship with Epstein for years after his conviction, forced Chief Executive Jamie Dimon to answer questions under oath, and led the bank to turn around and sue a former top leader, Jes Staley.

Dimon said in his deposition last month that he had never discussed Epstein or his accounts. Staley was deposed over the weekend.

The lawsuit was brought by an unnamed accuser who claimed the bank ignored red flags about Epstein until 2013 because he was bringing wealthy clients to the bank. JPMorgan has denied any wrongdoing. The bank still faces a related lawsuit from the government of the U.S. Virgin Islands, where Epstein had a residence.

[…] “The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” JPMorgan and lawyers for the women said in a press release.

[…] JPMorgan said that it was a mistake to have any association with Epstein and that it regrets its association with him. “We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes,” a bank spokeswoman said.

Brad Edwards, a lawyer representing Epstein accusers, said, “A settlement of this size finally acknowledges the magnitude of the suffering of Epstein’s victims, the degree to which our system is broken, and the extent of Epstein’s influence to corrupt our system.”

[…] “The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JPMorgan’s violations of law,” said a spokeswoman for the U.S. Virgin Islands attorney general.

The Doe plaintiff said she was sexually abused by Epstein from 2006 to 2013 and trafficked to his friends. She alleged that Epstein paid her and other victims with cash withdrawn from JPMorgan. She accused America’s biggest bank of profiting from Epstein’s activities and assisting in his alleged sex trafficking by enabling him to make payments to women for sex acts.

Epstein became a client of JPMorgan around 1998, and over the years the bank came to manage dozens of Epstein-related accounts containing hundreds of millions of dollars. Epstein turned to Deutsche Bank after JPMorgan closed his accounts in 2013. Both banks worked with Epstein for years after he was publicly accused of abusing girls and pleaded guilty in a Florida state court in 2008 to soliciting prostitution from a minor. (read more)

Does anyone really believe these banks didn’t know what the background of Epstein was all about?

Jun 12 2023

The True Story of Hyperinflation


Amstrong Economics Blog/Cryptocurrency Re-Posted Jun 12, 2023 by Martin Armstrong

QUESTION: Dear Mr. Armstrong,
could you please explain what happens in technical terms from a capital flow perspective, when confidence is lost and hyperinflation starts to begin?
For example Turkey. When Erdogan was elected i think you wrote that ever since the lira started dropping. So confidence in politics is key. Do you think one day we will see hyperinflation in Turkey?
And another example, is Yugoslavia: what caused the hyperinflation (in technical terms/capital flow perspective)? Are foreign investors getting rid of the dinars? Too many dinars than suddenly rushed back into Yugoslavia causing hyperinflation?
Regards,
Magdalena Š.

ANSWER: The misnomer about hyperinflation is that it is caused by printing money. It is a RESPONSE to the collapse in the confidence of the government.  If we look at the 3rd century, this is where we find the greatest number of hoards of ancient coins. What began this was the capture of Valerian I by the Persians in 260AD.

Valerian was the first Roman Emperor to be captured and Rome was unable to recuse him. That shook the confidence of the Roman people, but it also was a signal to the barbarian tribes in the North that if the Persians could do it, they could as well. Within 10 years, Emperor Aurelian constructed the great wall around Rome. Never before did Romans have such a defensive wall. That had a powerful army.

There was a trend toward debasing the silver coinage which began with Nero to try to fund the rebuilding of Rome after the Great Fire. But that did not undermine the confidence in the Roman Monetary System any more than our perpetual deficit spending since World War II.

However, a spark is ignited and suddenly that trend turns into what I have called a Waterfall event in the purchasing power of the currency. Such an event has taken various forms. However, the end result is the collapse in the confidence of the government and as a result, that is when you get that waterfall event.

In the case of Germany, Yugoslavia, Hungary, etc, there was a 1918 Revolution where communists seized power and the emperor of Germany lost power. In that case, they actually asked Russia to take Germany after their revolution in 1917. This was the beginning of the Weimar Republic.

Germany was saddled with reparation payments demanded by France. First, you had a communist revolution and people with capital began to flee to other places in Europe or certainly move their money out of German banks. It was this drain of wealth that forced the Weimar Republic to print money to try to make their reparation payments. Then in December 1922, they seized 10% of everyone’s assets and handed them a bond.

Here you can see that after that December 1922 confiscation, hyperinflation simply took over. It was NOT the printing of money that caused the hyperinflation it was the collapse of confidence FIRST which then compels the government to expand the money supply lacking taxation revenues etc.

I suspect the spark this time may be the Digital Currency and the proposed cancellation of paper currency. This is why people are moving to anything tangible from real estate, gold, silver, ancient coins, and even equities. With DIGITAL CURRENCY they will have capital controls and prevent you from even moving money outside of your country.

The precise day of the ECM was the announcement of the IMF Digital Currency which they intend to replace the US dollar as the reserve currency. This may be timed with the turning point in 2024. It is unlikely that they would cancel paper currencies before the 2024 election. This is all being

Jun 12 2023

Europeans Do Not Want to Support the US in a War Against China


Armstrong Economics Blog/War Re-Posted Jun 12, 2023 by Martin Armstrong

America seems to have lost all true allies. Once the world police, the US has been expected to “save” democracies worldwide since the First World War. The US pledges more to NATO than any other member and has gifted Ukraine endless supplies to protect Europe from “Russian aggression.” Yet, a new poll states that Europeans would not want to back America in a war against China.

Six thousand people were surveyed from Austria, Bulgaria, Denmark, France, Germany, Hungary, Italy, the Netherlands, Poland, Spain, and Sweden. Only a quarter of respondents said they’d “like their country, or Europe, to take America’s side,” while 62% would like to remain neutral. Around 43% said China is a “necessary partner” to the EU, and they must “strategically cooperate” with Beijing. Bulgarians were the most likely to side an alliance with China (8%) and/or consider the nation a “necessary partner” (58%). Swedes were the most willing to support the US, with 26% calling China an adversary. About 31% of Poles also said they would side with America if they were to go to war with China.

What will happen to America’s allies when China becomes the more strategic trading partner? American politicians have destabilized our economy and are attempting to steer away from capitalism. Countries will be lining up to sell to China, and not the US.

In the end, it does not matter. The people are never permitted to vote on whether or not we go to war. Most of us, regardless of nationality, simply want peace. We all want to have enough to live comfortably, which is not an option during wars. They ask us to sacrifice, but for what? Our politicians create conflict and send the people, who never had a say in the first place, into battle to die.

If China enters Taiwan, the world will erupt into chaos. The neocons have been waiting for that very moment to justify a new war. Every NATO member nation would be required to fight China. A Gallup poll from February showed that 65% of Americans wanted to support Ukraine against Russia, but they likely do not realize what it entails. We are not merely giving Ukraine supplies; we are preparing for a worldwide battle. In the end, the people are merely cannon fodder and I hesitate to show any support to a politician who believes war is the only option for conflict resolution.