Pentagon’s Leaked Documents Anger South Korea


Armstrong Economics Blog/Politics Re-Posted Apr 12, 2023 by Martin Armstrong

South Korea’s diplomatic policy dictates that it will not send ammunition to countries at war. The recently leaked documents from the Pentagon reveal that the US is bullying South Korea into breaking its policy to arm Ukraine. Worse, the documents reveal that US intelligence agencies have been spying on South Korea. This is an unfortunate start to President Yoon Suk Yeol’s meeting with President Joe Biden scheduled for April 26.

CIA personnel has been warning Washington not to speak to Seoul over the phone until they agreed to arm Ukraine. Former presidential secretary for foreign affairs Lee Moon-hee, named Yi Mun-hui in the documents, told former Director of National Security Kim Sung-han that South Korea would have two options. The first would be for the nation to change its stance. The second would be for South Korea to send weapons to Poland, using Poland as the middleman to avoid breaking policy as “getting the ammunition to Ukraine quickly was the ultimate goal of the United States.” The documents also reveal potential wiretapping against South Korea who is supposed to be an ally.

Yoon is under pressure from both the US and his own policymakers. Opposition Democratic Party of Korea (DPK) floor leader Park Hong-keun is urging Yoon to demand an apology from Biden. “If confirmed, it is an unacceptable practice that cannot be tolerated in the 70-year alliance and a clear infringement of South Korea’s sovereignty that shatters bilateral trust … The U.S. government should be faithful to its ally and apologize to the South Korean public and the government, if those reports are true,” Park stated.

Why is the US risking its international alliances to fight a foreign war? The Biden Administration has completely abandoned domestic policy in favor of fighting a war on behalf of Ukraine. Countries previously yielded to the demands of the US as its military and economic power made it the key ally. Things have changed. Nations are increasingly distancing themselves from the US as the country spirals down a dark path that has already shaken its superpower status.

Jim Jordan Responds to Alvin Bragg Lawsuit as Manhattan DA Tries to Block Congressional Investigation and Review


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

In the BIG PICTURE a local New York City District Attorney has created a criminal case, structured on a federal crime, that the federal government has stated was not a crime.  This is the Rubicon that has been crossed by Manhattan District Attorney Alvin Bragg. In essence this is extreme Lawfare in action.

In response to the jurisdictional issue; in addition to the substantive political construct of the case; the largest mechanism within congress, the House Judiciary Committee has subpoenaed officials from the District Attorney’s office to answer questions about the construct of the case.  A return-fire lawfare response.

In reaction to the federal response and inquiry, DA Alvin Bragg filed a lawsuit against the House Judiciary Committee [Filing Review HERE].  District Attorney Bragg also asked for intervention against the subpoena, an injunction against the authority of the House oversight, that was immediately DENIED by the court.  Alvin Bragg really doesn’t want the House to investigate his case.

Appearing on Fox News to outline the House response, Judiciary Committee Chairman Jim Jordan explains the issues at hand {Direct Rumble Link} – WATCH:

Jim Jordan is correct in the unprecedented action from Bragg, that preceded the unprecedented action from congress. This is a battle of Lawfare operations with significant long-term consequences for the entire justice system.  The political motives for the New York, Atlanta (GA) and Washington DC cases are transparent.

UPDATE: Video Added – Tucker Carlson Interviews President Trump – 8:00pm Open Discussion


Posted originally on the CTH on April 11, 2023 | Sundance 

Tucker Carlson is interviewing President Trump in Mar-a-Lago today.  The broadcast airs at 8:00pm ET.  If you are watching it, consider this an open discussion thread for you to share points and opinion.  UPDATE: Video Added

Part 2 below:

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Part 3

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When It Comes to Economics, Trust Your Instincts


Posted originally on the CTH on April 11, 2023 | Sundance 

A few days after the terror attack of 9-11-01, someone in media asked George W. Bush what Americans can do to help.  Dubya’s response drew instant criticism, because he asked people to go shopping… but in the big picture, President Bush knew what could happen if the economic freeze continued.

When it comes to politics and economic outlooks, trust your instincts.  The economics of the ‘thing’ is always the reason the ‘thing’ exists or does not exist.

When you are looking at economic news, always remind yourself… the people producing the news have a vested interest in maintaining a very specific outlook.  The motive behind what Dubya said in September of 2001, pertains every bit as much today.  Economic outcomes can topple entire governments.

Remember, this current ‘supply-side energy policy driven inflation‘, a purposeful effort to shrink the economy and yet tenuously maintain control, has never happened before.  The people behind the Build Back Better agenda are, in reality, experimenting with a theory. DATA…

(ISM) – The Institute for Supply Management’s PMI contracted for the fifth straight month in March registering 46.3, the lowest level since May 2020. Any reading below 50.0 indicates contraction.  The employment index declined by 2.2 percent to a level of 46.9.

Most of the impediments to manufacturing growth — such as shortages and lockdowns — have subsided, said Tim Fiore, chair of the ISM’s manufacturing survey committee, with the exception of pricing. ISM’s pricing index fell below 50 in March but at 49.2 remains higher than pre-pandemic levels.

“The beginning of the second half may not be the beginning of a recovery,” said Fiore. “Manufactures reduced headcounts because of uncertainty of demand and over-ordering has burned off. Demand isn’t coming back quickly enough to support current headcounts.”

All these trends were prevalent in March, he added, although the PMI has only lost 3 to 4 points since October 2022.

Back in December, ISM panelists anticipated an uptick in demand by the beginning of Q2. “We thought this recovery would be lumpy, but I think this indicates the recovery has been delayed,” Fiore said. “I think we are talking about expansion toward the end of Q3—it’s unlikely we’ll see a lot of activity in the summer.” (read more)

It’s not a recovery now, it will not be a recovery this year.

On a per unit basis, we have been in an economic contraction cycle since mid 2021.  However, because economic outcomes are measured in dollars, the shrinking unit output, and the fewer units being sold at wholesale and retail level, is being hidden.

Inflation has hidden serious drops in unit purchases…. and fewer unit purchases mean lowered production output…. and lowered production output means less production is needed.

(CNBC SURVEY) – Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed. 

Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic began in March 2020, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.

Anxious and uncertain about whether they can get a better handle on their money, some may be intimidated by the prospect of creating a budget or unsure of where to stash their cash to get the highest returns. Others may be wondering how to begin saving for retirement when they’ve gotten off to a late start. 

“People are worried that the money they’ve saved won’t last and are worried they’re going to have to lean more on their credit cards and other sources of debt just to get by,” said Bruce McClary, a senior vice president at the National Foundation for Credit Counseling. (read more) 

If you want to know what’s going on in the larger U.S. economy, just look around you.

Don’t turn on the television and read the newspaper to see what is happening in the U.S. economy for your purchasing or life planning.  Just look around you.

Look at restaurants and bars.  Do you see continued high-volume business or not.

Look at the grocery stores. Do you see continued optimism, or not.

Look at the malls and shopping centers. Do you see foot traffic, or not.

Look at the real estate in your neighborhood – your local view.  Do you see prices going up or going down.

That’s the reality of the economy as it impacts you….. and critically, that’s the reality of the economy nationwide.

When it comes to data and economics, do not let the media created ‘illusion of the thing‘ cloud your ability to see the reality of the thing.

Trust your instincts.

Macron Claims Innovation and Capitalism Is Needed While Decrying Economic Nationalism in the Nation State


Posted originally on the CTH on April 11, 2023 | Sundance 

French President Emmanuel Macron was in the Netherlands today speaking to an audience in the Hague about his vision for the future of Europe.  A remarkably disassociated speech was the outcome.

Speaking of the importance of innovation to maintain economic competitiveness, on his right-hand Macron cheers for capitalism as an outcome of competition from the only venue it exists, the nation state.  Yet on his left hand, Macron proclaims the importance of ‘globalism’ and economic socialism, which is the anthesis of creating innovation.

Economic nationalism is the only way competition between nation states succeeds. Innovation is born from competition, and without the nation state there is no baseline to maintain capitalism.  Globalism creates socialism, equity as the baseline for distribution of innovative outcomes.  Capitalism and socialism cannot coexist if innovation and competition is the goal.  The pillars which form the baseline for Macron’s view of a new Europe, collapse in his contradictory worldview.  Prompted to 10:55, WATCH:

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Macron’s solution to the problem of innovation lacking in ‘globalist‘ economic models, is to force citizens to produce and innovate.  This is what he means by “reforms” in the competitive agenda.  Forced innovation, is the worldview of totalitarians.   Capitalism relies on freedom, not coercion.

Chicago Will Host 2024 DNC Convention, August 19-22, 2024


Posted originally on the CTH on April 11, 2023 | Sundance 

The Democrat National Committee (DNC) has selected Chicago, Illinois, as the location for the 2024 convention. Joe Biden called Governor JB Pritzker earlier this morning and informed him of the selection.

It’s an interesting development as most of the betting money would have predicted the Democrat convention toward Atlanta, Georgia.  However, if you factor in the unspoken influence and importance of Chicago Jesus, et al,… well, then things take a more fulsome background.

According to the Chicago Sun Times the United Center will be the primary venue for nomination events and daytime business will be conducted at the McCormick Place Convention Center.  The DNC convention is scheduled for August 19-22, 2024.

CHICAGO – The Democratic National Committee selected Chicago to host the 2024 Democratic National Convention, the Sun-Times has learned, with the city beating bids from Atlanta and New York.

The convention will take place Aug. 19-22 next year. It is expected to draw between 5,000 and 7,000 delegates and alternates and attract up to 50,000 visitors to Chicago.

Evening events will be at the United Center — the main site of the 1996 Democratic convention in Chicago — with daytime business to be conducted at the McCormick Place Convention Center, the location of the 2012 NATO Summit.  Delegates will be housed in about 30 hotels in Chicago.

For more than a year, Gov. J.B. Pritzker, Sen. Tammy Duckworth, D-Ill., a co-chair of the Democratic National Committee and Mayor Lori Lightfoot have led a drive for Chicago to host the Democrats in 2024. (read more)

The Obama machine is running back to the SEIU, AFL-CIO, AFSCME, UFCW playbook; others call it the “blue wall.”

Just sayin’…

Soros, Blackrock, and Bud Light (Ep. 1987) – 04/10/2023


The Dan Bongino Show Posted originally on Rumble on: Apr 10, 11:00 am EDT

Alvin Bragg Video Resurfaces


Armstrong Economics Blog/Corruption Re-Posted Apr 11, 2023 by Martin Armstrong

The video above is from two years ago. Alvin Bragg admitted that he helped “sue the Trump administration over 100 times.” Bragg says “rich old white men” need to be prosecuted and attempts to compare Trump to convicted rapists like Epstein and Weinstein. If a white guy said rich black guys it would be racist. His entire career has centered on attempting to bring Trump down by any means possible. He has already failed to bring down Trump “over 100 times,” and this is his last-ditch effort. Bragg simply has a personal vendetta against Trump and was elected for the sole purpose of removing Trump from the political arena.

Below is the full video:

When the Body Bags Start Coming Home


Armstrong Economics Blog/Politics Re-Posted Apr 10, 2023 by Martin Armstrong

The Neocons are on both sides of the aisle. In the Republican camp, of course, we have Lindsy Graham, but there is also Marco Rubio who has the audacity to tell Europe they better pick sides. Then there is Michael McCaul of Texas. Based on reliable sources, the military has been instructed to prepare for war. This is inevitable.

The Democrats intend to beat the war drums to make sure the Republican Neocons will vote with them. Biden intends to Run in 2024. The Neocons need him because he is senile and will say what they write on his cue cards and sign whatever they put in front of him. Blinken is the leader of the Neocons in the White House. They are pushing for war BEFORE the 2024 election for these people looks at war and that typically the president in power is always reelected in times of war. So, hunker down. Hide your kids. It’s off to war we go so Biden can be reelected. They thought Trump would be the Republican and Biden could beat him. That remains to be seen when the body bags start coming home. These people have no respect for the people or human rights. It’s all just a chess game to them.