Tag Archives: Economic Collapse

Dec 3 2022

Elon Musk Releases Documents Showing U.S. Government Instructed Twitter Platform to Remove Political Content, a Clear First Amendment Violation


Posted originally on the CTH on December 2, 2022 | Sundance

Twitter CEO Elon Musk selected Matt Taibbi, one of the rare independent voices in media, as the vessel to review and share a litany of internal documents from within the social media platform showing details of how the federal government and DNC officials gave instructions to Twitter personnel to remove content.

Matt Taibbi released a stream of Twitter Communication showing the documents and details – SEE HERE

Elon Musk followed up the current release with a statement saying, “Twitter acting by itself to suppress free speech is not a 1st amendment violation, but acting under orders from the government to suppress free speech, with no judicial review, is.”

[Source]

Journalist Matt Taibbi signs off on this release with the following notation, “There is much more to come, including answers to questions about issues like shadow-banning, boosting, follower counts, the fate of various individual accounts, and more. These issues are not limited to the political right.”

Read Documents Here

Dec 3 2022

DNC Moves to Align 2024 Primary Roadmap Using AME/BLM Model Constructed by Barack Obama Inc


Posted originally on the CTH on December 2, 2022 | Sundance

If you haven’t followed the granular details of how Barack Obama organized the AME Church Network (SC, Clyburn) with the BLM movement (GA, Abrams) in 2020 to control the democracy primary process, then the moves today to codify that approach will not be clear.

Once you understand what took place in the 2020 Democrat primary that saw all candidates fall in line behind Biden, according to the process that Obama initiated, then everything centered around the DNC moves today makes buckets of sense.

Despite how the media is presenting this, it is not Biden’s plan. This is Obama’s 2024 insider club roadmap, and it specifically includes the alignment of interests that he created in 2020 to remove the threat that Bernie Sanders represented.  More on that in a moment.  First, the DNC plan:

(Via Politico) – […] The DNC is on track to reshape its primary calendar after dissatisfaction with the traditional first state, Iowa, boiled over in 2020. Members of the party’s Rules and Bylaws Committee, charged with recommending a new calendar, gave a near-unanimous vote of approval on Friday for Biden’s proposal, with only minor tweaks to the dates and two ‘no’ votes from Iowa and New Hampshire members.

The revised proposal would see South Carolina host the first 2024 presidential primary on Feb. 3, a Saturday, followed three days later by New Hampshire and Nevada. Georgia would then hold an early primary on Feb. 13, and Michigan would hold its contest on Feb. 27. Iowa would be out of the early lineup altogether.  (read more)

These changes are all about keeping the corporate wing of the DNC in control and eliminating the influence of the momentum progressive candidates.  Just like the RNC wants MAGA destroyed, the DNC corporation wants control over the Bernie Sanders wing and democrat socialists.

Keep in mind, we wrote about this over two years ago, when Obama stepped into the 2020 primary to create the AME/BLM alignment.

Right before the 2020 SC Primary the DNC Club knew they had a problem with the Bernie Sanders momentum.  An urgent assembly of all party control officers was called. The DNC Club designed a plan around using James Clyburn as the official spark for Joe Biden to take back control of the primary outcome.  Barack Obama was instrumental.

♦ BACKGROUND – There is a history – a backstory – that only a small group of people genuinely understand.  The answers around this 2024 DNC change boil down to the less discussed issue of ideological camps and the modern alignment that has taken place over the past decade.  The most visible reference for the inflection point was the 2008 primary contest between Hillary Clinton and Barack Obama.

Throughout the first decade of this millennium there was an ideological shift, an inflection point, that became most clear in the rise of a little-known state representative who was appointed to become a Senator from Illinois, his name was Barack Obama.  In the background of Obama’s rise were the people who designed the modern political left. Those Obama creationists were/are hardline revolutionary communist types.

This RevCom group was comprised of the more radical elements of the progressive movement; those who wanted to “fundamentally change” the United States, and who have a very patient and methodical plan to do so.  Those elements took control by convincing the far-left labor movement to abandon the traditional Democrat apparatus and support a more radical approach.  The SEIU, AFSCME, AFL-CIO, UAW, UFCW and others were leveraged to this position through promised financial benefit if they went along.

Those groups became the more powerful ammunition needed by the radical community activist teams, which were entirely on the side of Obama.  Hillary Clinton’s first run for the presidency was crushed under the weight of the leverage all of the radicals aligned on the Obama side.  Clinton was only left with the option to support the extremists in exchange for support in 2016.

However, the support she received was not full-throated.  The ideological hatred that was created during the earlier inflection point, when the camps were at war, left scars.  Those scars never healed; and, quite frankly the radicals were not going to support someone they just didn’t like.

Radical foot soldiers operate best on feelings and emotions. Clinton just didn’t do it for them…  One by one the traditional democrat left was wiped out by the more extreme radical leftists.  [Remember the destruction of the Bart Supak “blue dogs”?]

Fast forward to today, very recently, and what we are seeing is the outcome of the Obama coalition in complete control over the internal club systems and political party apparatus.  It took some time for this takeover to matriculate.

We are there now…. and into this far-left soup of radical elements the new left-wing media is mixed.  The media are now activists for the radicals.  This is why there is a more brutally obvious bias present today that was not present before.  The bias was always present, but the scale of the ideological nature of the bias was not always as visible.  Today the ideological support is crystal clear.

Right before the 2020 SC Primary the DNC Club knew they had a problem with the Bernie Sanders momentum.  An urgent assembly of all party control officers was called. The DNC Club designed a plan around using James Clyburn as the official spark for Joe Biden to take back control of the primary outcome.

Barack Obama the figurative and ideological leader of the movement known as “Black Lives Matter”, and South Carolina Congressman James Clyburn, the figurative and ideological leader of the political construct within the African Methodist Episcopal (AME) church, struck a deal.

Obama and Clyburn really had no choice but to come to an agreement and form the alliance.  If they did not act fast, Bernie Sanders was gaining momentum, and they could not have Sanders at the top of the 2020 ticket, because he was too outside the club system which was now almost exclusively focused on racial identity as a tool for political power.

A Bernie Sanders -vs- Donald Trump general election would have been a disaster for both clubs.

To get rid of Sanders, BLM (based in Georgia) and AME (based in South Carolina) aligned.  This was the actual moment when Hillary Clinton was cast into the pit of irrelevance in Democrat politics.

Within the agreement, Obama and Clyburn selected Biden as the tool they could easily control to deliver on their larger, progressive, leftist intentions.  The only one told not to drop out yet was Elizabeth Warren, as she would be needed as the insurance policy, the splitter against Bernie Sanders.

Within 48 hours all members of the club and candidates had their instructions and proceeded to follow-through on the plan.  They had no choice.  If they did not comply, they would suffer the consequences of a fully aligned club hierarchy who would target them personally and financially.

The plan worked flawlessly.  A few days after their meeting James Clyburn endorsed Biden while Barack Obama began making phone calls telling each of the other candidates to drop out in sequence and support Biden or else the club would destroy them.

As part of the coordinated deal Representative James Clyburn was put in charge of the Biden campaign; Clyburn stunningly admitted this immediately after the strategy went public.  James Clyburn and Barack Obama also controlled the vice-presidential nominee.

Joe Biden has dementia. Everyone knows this to be true.  The Biden presidency is a front; a ruse, a manipulative scheme that needed a face in 2020. That’s Joe Biden.

In the background the DNC Club has been in full control of everything behind the scenes.  All policy is Club policy; and, specifically because of their importance in triggering the origin of the entire enterprise, the primary policy beneficiaries were the corporate donors, the AME church network and the BLM activists.

The new DNC primary contest map essentially codifies the control process and blocks any rogue non-club approved candidate from entering a challenge.   Only the corporate and club approved candidates will benefit from the changes.

(Politico) – […]  DNC Chair Jaime Harrison, who attended the meeting, also called the proposed early window a reflection “of the diversity of our party” and “a more equitable and accessible nomination process that puts our candidates in the best position to win.” Harrison is the former chair of the South Carolina Democratic Party.

But David McDonald, another longtime DNC member, did raise light concerns that the committee’s introduction of large states, including Michigan and Georgia, could “effectively [create] a bias toward certain kinds of candidates,” particularly those who enter a presidential primaries with significant financial resources, which would allow them to compete more effectively in expensive media markets. (link)

Dec 3 2022

Labor Report Shows 263,000 Jobs Added in November, Combined with Significant Wage Growth 0.6% For Month


Posted originally on the CTH on December 2, 2022 | Sundance 

There’s a disconnect in the Main Street data that is perplexing from the standpoint of traditional economic and labor analysis.

There have been significant layoffs in the labor market as the result of diminished consumer spending activity. However, the Bureau of Labor and Statistics (BLS) is reporting a hotter than expected 263,000 new jobs in November [DATA HERE].

There were declines in jobs within the retail sector [-30,000 in Nov, -62,000 since August] and declines in warehousing and transportation [-15, 000 in November, -30,000 since July], which would indicate the outcome of lowered consumer spending on goods, or at least a change in consumer spending priorities.

Simultaneously, there were significant increases in jobs for leisure and hospitality [+88,000 in Nov], with the majority of those gains in food service and drinking.  However, that sector is still lower than the pre-pandemic by -980,000 jobs.  Also note people are not attending events with high ticket costs, the performing arts and spectator sports segment dropped 7,000 jobs [Table B-1]

Overall, if you were to look at the macro level jobs report, anything attached to the traditional spending of durable goods (retail stores) is declining.  However, the jobs related to the service or life experience are growing.  Oddly, and perhaps creepily, this dynamic falls in line with the ‘you will own nothing and be happy‘ cliche’ that has been oft spoken about the new post pandemic ‘Build Back Better‘ economy as espoused by the World Economic Forum.

Job gains in the infrastructure of life such as, building and construction, as well as the labor sector associated with skilled domestic service trades like plumbing, electricians, maintenance, etc are continuing to hold stable.  The major shift in the labor market surrounds the buying of durable goods which has disappeared along with the disappearance of discretionary income.   Which brings us to the wage portion of the BLS report.

Wage growth was a very high 0.6% for November and brings the annual rate of wage growth to 5.1%.   This outcome is almost certainly an outcome of workers demanding higher pay to cope with inflation, and employers needing to raise their wage rates in order to retain employees.

We also see an increase in the number of workers holding multiple jobs, as individuals are taking second jobs to cope with massive price increases in housing, food, fuel and energy. As noted within the BLS data:

“In November, the average workweek for all employees on private nonfarm payrolls declined by 0.1 hour to 34.4 hours. In manufacturing, the average workweek for all employees decreased by 0.2 hour to 40.2 hours, and overtime declined by 0.1 hour to 3.1 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.9 hours.”

Fewer people are working, but more jobs are being worked – with lowered hours.

Higher wages are good; however, higher wages lead to higher prices for goods and services; which drives inflation higher, which creates the need for higher wages.   It’s an upward pressure spiral.

The supply side pressure on inflation, almost exclusively created by the BBB energy policy, shows absolutely no sign of lessening, despite the drop in demand for domestically produced finished consumer goods which has lowered overall industrial demand for energy.

The Build Back Better energy driven policy changes are creating very weird economic outcomes.

Prices are rising.  Consumers are squeezed.  Jobs attached to spending on goods are declining. Jobs attached to life experience and services expanding.

Ex.1 If you are working two jobs, now you might not have time to mow your grass – so you hire a lawn service.  The lawn service guys are charging more because the gasoline and business costs are higher…. which means you need to work a little longer at the second job to pay for the lawn service you don’t have time to do on your own because you need to work the second job.   That’s the dynamic we are seeing in the quantification of labor and job growth.

Ex.2 If you are working two jobs, you might not be cooking as much at home.  So, you grab dinner/lunch away from home.  The restaurants are charging more because the business costs are higher…. which means you need to work a little longer, ask for higher wages, in order to offset the time you don’t have to eat lunch/dinner at home.

This conflicting duality is what I always called the “serfesque driven economy.”  It is an outcome of erosion of the middle-class.  A status of individuality where your desires for life experience determine the need for your income.

You don’t own a car, you Uber.  You don’t own a house, you rent.  You don’t need a kitchen, you eat out.  Things seem ok, but you eventually become a serf to the people who control transportation costs, housing costs, food costs, etc.  Ultimately you have no control over the time you want to spend in enjoyment, because you don’t own the mechanisms of your life and need to work in order to afford maintaining the costs.  It’s a weird mental exercise.

There is a real outcome in this dynamic where the wealth gap increases.

Dec 2 2022

Gov. Kristi Noem warns of ‘alarming’ impact of vaccine mandates on military readiness


Ainsley Earhardt Published originally on Rumble on December 2, 2022

South Dakota Gov. Kristi Noem explains Republican governors’ efforts to push Congress to drop the COVID vaccine mandate for members of the military. Noem also discusses her recent ban on TikTok for state agencies.

Dec 2 2022

In Address with President Macron, Biden Praises ‘Marcus Lafayette’


Sean Hannity originally Published on the CTH on December 2, 2022

In Address with President Macron, Biden Praises ‘Marcus Lafayette’

Dec 2 2022

Right v Wrong


Armstrong Economics Blog/Socrates Re-Posted Dec 2, 2022 by Martin Armstrong

QUESTION: Marty, I have been following you now for a few years. You seem to be never wrong. You always say it is not your opinion. Is there some secret to how you do this? Nobody else seems to even compare. Or is it all just the computer?

FK

ANSWER: We all are human and as such we make mistakes. I understand that the big picture with war and events seems to be never wrong. That is Socrates – not me. I have been wrong in regard to my interpretation at times, but the cycles are always correct like the ECM.

I was one of the first International Hedge Fund Managers. I had even warned Congress back in 1985 that they should merge the CFTC and SEC because complying with one meant you went to prison with the other. They forced funds management offshore. We are all connected. You cannot have gold rise to $10,000 and the dollar turns to dust and nothing else happens. The world economy is like a set of dominoes. If you get the first one right, all the rest will follow.

These people who try to forecast one market can NEVER be correct for the wildcard always comes externally. Right now, the Ukraine war is impacting the global economy and markets. You could not asses the impact by simply watching the Fed. If it were not for (1) the stupid lockdowns of COVID disrupting the supply chain, then (2) this proxy war against Russia and imposing the absurd sanctions on them when they are a key supplier around the world in many areas, then inflation would not have risen and the Fed would not be raising interest rates. Those in power simply only look in front of their nose. Every action has a ripple effect that impacts long-term events. We cannot escape that. I have designed Socrates to survive me. It is not my opinion and when I do express my opinion I state the difference. Even my interpretation of an array can be wrong, not the array.

Everything is connected. We cannot escape that. Without Socrates monitoring everything around the world and writing its own reports on over 1,000 instruments globally, there is nobody who can possibly compete with a personal opinion. The world is far too complex for an individual to see everything from a personal gut feeling.

Because I had focused on currencies from the collapse of Bretton Woods and was called into the first bank failure in 1973 because of a 7% move in currencies,  my company attracted clients from around the world. I had to see the world through everyone’s eyes – not just the dollar. In July 1985, I took the back cover of the Economist for 3 weeks announcing the end of deflation/peak in the dollar, and the reemergence of inflation, which led to the Japanese Bubble in 1989. Interest Rates peaked the very day at 1981.35. The end of that wave was 1985.65 the month of July. It was the beginning of a Private Wave which will end 2037.25.

We published charts back in Barron’s during the early 1980s showing gold in dollars compared to a basket of currencies. We ended up with the largest institutions in the world because our reports went out on telex and the communication costs per market were $225 per day. Only the biggest institutions could afford our services. Then came fax, and then email which has expanded our reach to everyone these days. But make no mistake about this. People may criticize me and others are desperate to try to prevent people from using us. It is either because they cannot compete and pretend this is my opinion rather than a computer, or they want to manipulate the markets and we just get in their way.

Dec 2 2022

Secrets of the Universe


Armstrong Economics Blog/Understanding Cycles Re-Posted Dec 2, 2022 by Martin Armstrong

COMMENT: Martin –
Thank you for your efforts to write your discoveries down into publications so that they will be available for the benefit of civilization after you have passed on. I am very much looking forward the “The Geometry of Time”. Like many groundbreaking thinkers of the past, you may end up being someone who suffered resistance and exploitation during your lifetime for your ideas, but who was respected for their contribution long after. And if you are given an ear by governments when this debt crisis blossoms and their backs are finally against the wall, it wont hurt to have polished manuscripts of all your work, backed up by all the the historical evidence of its validity, to pass-out to them. In fact, that may be the point where you can, late in life, make you biggest lasting contribution. If governments, central banks, and economists would give real consideration to how historically accurate your analysis of cycles has been and to your solution to the debt crisis, and if there is by-then a large number of your publications of your legacy-knowledge in circulation, your work may finally grow from ‘cultish’ adoption to more widespread adoption.

That, IMHO, would be a good thing for everyone (and for their children to-come).

SC

REPLY: Thank you. I have learned over the years that I cannot change things. When I was called in back in 1985 and they were creating the G5 (now G20), at first I thought – Wow! I made it! Then you realize that after everyone testifies, they stand up and announce their predetermined conclusion. So I wrote to Reagan because the conclusions were nothing that anyone testified about. I was told that I went out of committee and I would never be called again. I replied, good! Who needs this!

Anyone who claims they advise the CIA or whatever, they do not listen. I have been called only because I wrote to Reagan and told them to screw off. The people they pay are just pawns. Every bill they pass needs some study and they tell you what the conclusion is today. They said back in 1985 if I was a “good boy” I could earn $5 million a year. I said no thanks.

Because I wrote to Reagan back in 1985, when the 1987 Crash took place they were forced to call me since our model forecasted that even right to the day – which was the ECM target.

Ever since we get called when they want the TRUTH rather than someone who will say whatever they need to keep the fees flowing.

Like Keynes, before the Great Depression, they considered his ideas as absurd. When it all comes crashing down, then, and only then, will they consider adopting the ECM and living with the cycle instead of fighting it. The Secret of the Universe is that absolutely EVERYTHING is cyclical.

I have three more books to finish. The Geometry of time, The ECM Book, and In the Blink of an Eye. Dealing with so many governments around the world over the past 40 years has indeed given me both a front-row seat and a unique perspective. All I can do is hope to pass this along for what comes after 2032 when we get to hit the Cntrl-Alt-Delete button on governmental structures and redesign this mess from scratch once again.