Armstrong Economics Blog/Armstrong in the Media Re-Posted Nov 6, 2022 by Martin Armstrong
Check out the audio above for my latest interview with Cris Sheridan from Financial Sense.
New Interview: World War III, Commodities, and Overthrowing Putin
Tag Archives: Economic Collapse
Neil Oliver Responds to the Request for COVID Amnesty, “You want WHAT”?
Posted originally on the conservative tree house on November 5, 2022 | Sundance
One of the most stubborn voices of unapologetic reason and pushback over the past two years amid COVID madness has been U.K political pundit Mr Neil Oliver.
Specifically, because Oliver and CTH are aligned in a common brotherhood within the rebel alliance movement; and specifically, because Oliver outlined in weekly granular details all of the affronts to reason, liberty and general commonsense throughout the pandemic madness; I was waiting to see/hear how Oliver would respond to the latest request for “pandemic amnesty” from the Branch Covidians. His 15-minute reply to the totalitarians beating a hasty retreat is awesome.
Oliver walks through some of the more egregious examples of totalitarianism and dictatorial fiat from two years of the public-private partnership, and then outlines why it is beyond comprehension that Covidians would even fathom to request “amnesty” after their two-years terroristic campaign and shredding of individual rights at the altar of the Covidian religion. Well worth watching:
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First, the pandemic madness needs to stop. Then the perpetrators need to admit the totality of their brutal conduct. Then an apology. Then there needs to be visible and public requests for forgiveness. Then there needs to be a reckoning, which includes the need for consequential punishment. After the punishment as a deterrent, there needs to be a global vow never to repeat the behaviors.
Any talk of possible amnesty comes long after those sequential issues are resolved. But considering, well, hell, they haven’t even stopped the madness yet, they have some nerve asking for amnesty.
Senator Joe Manchin Pretends to be Surprised That Joe Biden is Banning Coal Powered Energy
Posted originally on the conservative tree house on November 5, 2022 | Sundance
Yesterday, Joe Biden declared that all coal-fired electricity plants in the U.S would be shut down, saying, “we’re going to be shutting these plants down all across America and having wind and solar.”
Today, West Virginia Democrat Joe Manchin, the senator who gave Joe Biden the vote he needed for the ‘inflation reduction act’ also known as the climate change investment act that will eliminate all oil, coal and natural gas development, pretends to act surprised that Joe Biden will destroy the West Virginia coal mining industry.
Joe Manchin – “Today, U.S. Senator Joe Manchin (D-WV) released the following statement on comments President Biden made about shutting down coal plants.
“President Biden’s comments are not only outrageous and divorced from reality, they ignore the severe economic pain the American people are feeling because of rising energy costs. Comments like these are the reason the American people are losing trust in President Biden and instead believes he does not understand the need to have an all in energy policy that would keep our nation totally energy independent and secure. It seems his positions change depending on the audience and the politics of the day. Politicizing our nation’s energy policies would only bring higher prices and more pain for the American people.
“Let me be clear, this is something the President has never said to me. Being cavalier about the loss of coal jobs for men and women in West Virginia and across the country who literally put their lives on the line to help build and power this country is offensive and disgusting. The President owes these incredible workers an immediate and public apology and it is time he learn a lesson that his words matter and have consequences.” (read more)
Hitch Yer’ Wagon – The Club Branding of Ron DeSantis Continues, and The Transparency is a Little Funny
Posted originally on the conservative tree house on November 5, 2022 | Sundance
Tomorrow, Sunday November 6th, President Trump will be holding a rally in Miami-Dade, Florida, for the slate of republican candidates. All of the main republican candidates, including both Florida senators, who rely on the diverse America-First MAGA movement for election victories will be there…. Except Ron DeSantis.
Now, I get it. I mean, I understand why the people managing Florida Governor Ron DeSantis cannot have their principle appearing at a MAGA rally to receive the endorsement of President Trump, an almost certain 2024 candidate they are planning to challenge a few months later. However, I get it because I see the roadmap they’ve laid in front of him; a roadmap he is following.
But again, it takes a level of intellectual honesty to accept the basic point that if Ron DeSantis was not planning to run for higher office, or at least leave that option available, there is nothing to lose for DeSantis to appear with Trump. The only downside to attending the Miami MAGA rally is if DeSantis would want to challenge President Trump a few months later. Honesty is the cornerstone of accepting things as they are, not as we would wish them to be.
Florida Governor Ron DeSantis will not be at the Miami-Dade County Fair and Exposition Center, because the team managing Ron DeSantis national branding campaign don’t want him there.
Since July/Aug {Go Deep} the new management in charge of DeSantis have been positioning him as the Trump alternative, the more acceptable republican candidate, ie. the club candidate
Instead, the republican club and Wall Street financed “Friends of Ron DeSantis” superPAC ($150+ million) have organized another optical event in the much deeper red, Southwest Florida (advertisement left) [LINK HERE].
Notice who is paying for the DeSantis event. Parker Yancey McCollum is an American Americana and country singer-songwriter based in Texas, and if you follow the granular details of the GOPe branding effort, you might notice the DeSantis management team have deployed the strategy of hitching the governor’s wagon to popular music stars [Luke Bryan example].
This specific branding approach is familiar to professional political consultants and those who follow the deep weeds around ‘imaging’ in political campaigns. The objective is to use the popularity of the Hollywood or music star as a draw for the crowd. The managed politician benefits from the optical illusion of a large crowd gathered to support the candidate.
The image and branding approach is useful in avoiding a campaign event at a venue where the crowd doesn’t show up, which looks horrible for the candidate.
While President Donald Trump rallies the MAGA movement in Miami-Dade, specifically going to the formerly deep blue region to drive the proverbial stake through the heart of the left-wing political machine in Florida, Governor Ron DeSantis will hold court within deep red southwest Florida, using Parker McCollum to hopefully offset the optics of DeSantis absence at the MAGA rally.
Rising country music star Parker McCollum was not scheduled to perform in SWFL [Schedule Here] and the DeSantis event is advertised, promoted and financed by the GOPe SuperPac ‘Friends of Ron DeSantis’. The motives and intents being the DeSantis branding and management team remain clear to those with eyes to see.
To emphasize… Governor Ron DeSantis is a good governor, a good manager, well liked and should be well supported by the Florida voting base. There are several large issues for Florida that voters are counting on Governor DeSantis and the Florida legislature to tackle quickly in 2023.
Florida has a major housing crisis combined with a serious issue of unaffordable insurance rates crushing the finances of Florida residents. For many Floridians their homeowner’s insurance costs, now the highest in the nation, are equal to -or higher than- their mortgage payments, and it’s getting worse. Energy costs have skyrocketed and that is making overall inflation that much more impactful.
The costs to live in Florida are putting an even more severe burden on those with a fixed income. All of the working-class residents and retirees in Florida are feeling the issue, and there are things the state can do to help.
Charlie Crist would be an absolute nightmare scenario for Florida, but thankfully his hopes of election victory next week are virtually nil. That is a good thing.
Florida needs Governor DeSantis to focus on Florida.
We are at a very critical juncture in the state and there are some major decisions that need to be made about the future of the state.
The national GOPe club looking to leverage Governor Ron DeSantis as the more acceptable alternative to Donald Trump’s America-First economic platform in 2024, are in a general sense selfish billionaire Wall Street and multinational types [Example].
That said, if in midyear 2023 the professional financial and political class leverage their donations to Ron DeSantis to abandon his post in order to help them nationally combat the MAGA agenda…. DeSantis will not only lose the contest for the republican presidential nomination, but he will also destroy his political career in an instant.
I know the DeSantis national management and branding team read here, so be forewarned. Step out of your cocktail class donor bubble for a few weeks and listen to the people who matter. If you push the principal to repay the $200+ million in donations by attempting to combat the MAGA agenda – you, your candidate, and his tenuously constructed reputation will be destroyed.
Wisdom would dictate that Governor Ron DeSantis work on the critical economic issues for Florida that will have ramifications and impacts for many years forward. Prove himself skilled at large economic problem solving, and then position your principal to receive the support and appreciation of the hometown MAGA base for 2028….
….But step into the national arena for 2024 and DeSantis will be destroyed by angered MAGA like a feather in a hurricane.
Watching…
WASHINGTON DC – […] Save America PAC raised a total of $24.7 million during the third quarter— a 38% increase from the second quarter. A source familiar with the fundraising told Fox News that 98.8% of those donations totaled less than $200 each.
Trump raised $10.2 million in August after the FBI’s unprecedented raid on his private residence at Mar-a-Lago—the most Save America PAC had raised in a month since Trump was in office. (link)
Tucker Carlson Draws Attention to Imprisonment of Catherine Englebrecht and Gregg Phillips
Posted originally on the conservative tree house on November 5, 2022 | Sundance
True the Vote founder Catherine Englebrecht and election data security analyst, Gregg Phillips, were previously in contempt of court and placed in jail for failing to outline the participants in a 2020 hotel discussion that revealed the Konnech election data compromise that was transmitted to Chinese networks. {Go Deep} Konnech CEO Eugene Yu was arrested for exploiting access to U.S. election data, including election worker information, and transferring the files to China.
Eugene Yu and Konnech sued True the Vote and are using the U.S. civil judicial system to find out who told the FBI about the Chinese data harvesting operation. Federal Judge Kenneth Hoyt demanded that Phillips and Englebrecht reveal the names of everyone who was present when the original data files were shown to True the Vote.
Englebrecht and Phillips stated they did not ever possess the data file, do not have it and refused to name all the participants who may have seen it. Judge Hoyt threw them in jail last Monday until Englebrecht and Phillips give up the names to the court and the Chinese Communist Party. Tucker Carlson discusses {Direct Rumble Link} – WATCH:
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NBC Broadcasts, Then Deletes, a Report From San Francisco That Directly Contradicts FBI Statement About Pelosi Attack
Posted originally on the conservative tree house on November 4, 2022 | Sundance
Something sketchy is going on here. NBC aired a report on the attack against Paul Pelosi that directly contradicts the FBI affidavit of the events when police arrived at the Pelosi home. NBC then deleted the broadcast report from Twitter and their website saying it “did not meet their journalistic standard.”
It’s worth noting the contradiction stems from the FBI report written by FBI Agent Stephanie Minor, who is relatively new to the FBI: “I am a Special Agent with the Federal Bureau of Investigation (“FBI”) and have been an FBI Special Agent since 2019.” [Source, page 2, item 4 “affiant background“] Why would the FBI use such a junior agent for such a high-profile case? It seemed odd when the FBI affidavit was released.
The NBC broadcast {Direct Rumble Link} says that Paul Pelosi opened the door, didn’t declare an emergency….. and then walked back to his attacker and was attacked. NBC Scrubbed this report, but not before it was captured on the internet. WATCH:
Compare the NBC report to the probable cause affidavit {Page 3, PCA LINK}
That’s not a minor discrepancy.
NBC reporting from San Francisco about what happened when the police arrived at the home of Paul Pelosi directly conflicts with the FBI affidavit about what the police saw when Paul Pelosi opened the door.
After people noted the discrepancy, and began sharing the report, NBC quickly scrubbed the report.
Fed Pivot Myth
Armstrong Economics Blog/Central Banks Re-Posted Nov 4, 2022 by Martin Armstrong
Thank you to the reader who sent in this hilarious image. Despite all the incoming data and price instability, some expected the Fed to pivot on its stance. Even BlackRock reportedly told advisers to expect “pivot language” at the last Federal Open Market Committee meeting. They were hoping that the Fed would announce a looser stance for the December meeting despite conditions failing to improve.
The markets correctly anticipated a 75 bps hike for November. Jerome Powell said that incoming data from the last meeting has led the central bank to believe that rates will edge HIGHER than originally anticipated. PCE rose 6.2% over the past 12 months, with core PCE rising by 5.1%. Long ago after Powell changed his “transitory” stance, he reiterated that the Fed’s main goal is to bring levels back to the 2% target. Price stability is the top priority – period.
“As I’ve said in the last two press conferences, it will become appropriate to slow the pace of increases, as we approach the level of interest rates that will be sufficiently restrictive to bring inflation down to our two percent goal. There is significant uncertainty around that level of interest rates. Even so, we still have some ways to go, and incoming data since our last meeting suggest that the ultimate level of interest rates will be higher than previously expected,” the chairman reiterated.
The central bank realizes that the situation will only worsen. “Restoring price stability is essential to set the stage for achieving maximum employment and stable prices in the longer run. The historical record cautions strongly against prematurely loosening policy. We will stay the course, until the job is done,” Powell commented. His Q&A after the announcement only reiterated his extremely hawkish stance (see video above).
Powell said the Federal Reserve is honing in on three main factors: 1) how fast to tighten policy, 2) how high to raise rates, 3) how long to remain on the current course. Powell said they would move “expeditiously” to move rates, especially given the low starting point. He believes that incoming data justifies ongoing rate hikes, and his estimate is higher than what was announced in September. Finally, he said they might have a discussion on when to loosen policy, but there was an emphasis on the word discussion.
Portland’s Homeless Crisis – A Tale of a Blue City
Armstrong Economics Blog/North America Re-Posted Nov 4, 2022 by Martin Armstrong
Oregon is a beautiful picturesque state. Mountains, waterfalls, and beautiful beaches – Oregon was once a desirable place to live. Portland was a promising metropolitan area before politicians completely destroyed the city with light-on-crime policies.
The Portland Business Journal reported that high-earning residents relocated to areas like Deschutes County, Arizona, and Texas. As in all societies, the highest earners who have the ability to relocate are the first to flee crumbling cities. Multnomah County saw a decline of 2,000 taxpayers between 2019 and 2020, but more have likely fled.
As of June, the average rent in Portland was $1,700, but many will tell you that estimate is low. This is not why homelessness has spiked. Over the past two years alone, the homeless population increased by 25%! Homeless camps have moved into the suburbs as people simply have nowhere to go. The city has attempted to authorize homeless encampment sites in certain areas, but there is not enough room. Portland Mayor Ted Wheeler (D) has done nothing to address the mental health and drug abuse crises at the root of the problem. This is an extremely sad situation, as no one should live in this manner.
The pandemic added to the crisis, but Portland declared a state of emergency back in 2015 due to the drastic number of unhoused people. Oregon legalized hard drugs in February 2021. People may legally carry heroin, cocaine, methadone, oxycodone, and even methamphetamine for personal use. Most users will only face a $100 fine. Drug overdoses rose by 41% in 2020 from the year prior.
As we have seen in many Democrat-run cities, theft is basically legal. The Organized Retail Crime Association of Oregon (ORCAOR) conducted a poll that found 95% of businesses are unhappy with the relaxed crime laws, and 80% admitted theft had risen significantly. “We’ve seen an increase in assaults, in drug use within the stores, threats, individuals threatening with weapons,” said Jeremy Girard, the president of ORCAOR, who conducted the survey in late spring. Around 80% said there was not an adequate police response, but that is because they voted to defund the police and urged them to turn a blind eye to crime.
Businesses are closing, and people are fleeing the city. The Oregon Mayors Association wants to spend $123.5 million annually to prolong the problem rather than address the causes. Another example of poor policies ruining a blue city and asking taxpayers for more funding to throw money at the problem.
Fake News – Misinformation or Just Political Bias/Hate Speech
Armstrong Economics Blog/Politics Re-Posted Nov 3, 2022 by Martin Armstrong
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QUESTION: What Tucker said about Raskin, would you call that fake news or misinformation? Just curious.
HJ
ANSWER: That was Tucker’s “interpretation” of the implication of what Raskin said. It falls outside of both and would probably attribute that more to political bias. I would say “fake news” is more what we saw with COVID where it is just outright false that is not attributed to interpretations or bias. I would say the “misinformation” is probably just another label for fake news. Hillary calling Trump supporters deplorable is not fake news or misinformation, it is just political bias.
What Tucker said was not fake news nor misinformation, but simply this class of political bias. That is what is probably dividing the country more than anything. It is this demonizing an opponent and both sides are doing it today. The vaccine scam of hiding the side effects is more in the area of fake news and misinformation.
Biden is out there claiming a Republican victory will be chaos for the economy. That is not Fake News or Misinformation, it is just political rhetoric that has become standard hate speech in politics.
Division of Pure Hatred
Armstrong Economics Blog/Politics Re-Posted Nov 3, 2022 by Martin Armstrong
QUESTION: Dear Marty
Are we indeed witnessing this divide between socialists/Marxists and conservatives/sensible people worldwide not just in the USA? Is this the last worldwide battle against marxism (anti-God)?
Look at Brazil. No different. In the protests yesterday several Lula supporters actually ran over Bolsonaristas who were protesting in the street. At least 5 were taken to the hospital and reports of some deaths. They were filmed on people’s phones. It’s horrible what the left will do.
Is this the point where we all need to choose a side and step up to be counted? Freedom has to be fought for it seems.
SP
ANSWER: Unfortunately, yes. While the United States is deeply divided and will ultimately break up as will Europe, our politicians have been fanning the flames of division. The controversy that Tucker Carlson created by characterizing Jammie Raskin as saying “Russia is an Orthodox Christian country with traditional social values. And for that reason, it must be destroyed no matter what the cost to us.” Tucker’s interpretation of Raskin’s speech is incorrect. Implied by Raskin was that the Democrats stand for freedom and politicians should not be telling you what to do. He insinuates that Putin rejects those ideas implied because it is an Orthodox Christian Country. Putin has rejected the West’s cancel culture and teaching sexual fluidity to children he called a Crime against Humanity.
Putin has said that the cancel culture, and divisions of people, were once part of Russia and led to its demise. Yes, he stands against homosexuality, and this is part of what is inferred by Raskin that Russia is not as liberal and rejects the principles of Wokeness and the push of the Democrats. Did Raskin outright call for a religious war? No. However, his vitriol is rather absurd pretending that the Democrats stand for democracy and freedom when they are dictating how everyone should live from heating their homes to what they drive. Then, he pretends that America stands for Ukraine while refusing to explain that Zelensky has outlawed Russian to be spoken by Russians in the Donbas and that they are to surrender their religious beliefs as well.
On September 6th, 2014, an official statement was made illustrating the religious battle that was also unfolding. The new Patriarch Filaret, who heads the Ukrainian Orthodox Church of the Kyivan Patriarchate, came out and said that Russian President Vladimir Putin has fallen under the spell of Satan and faces eternal damnation to hell unless he repents.
The Western press refuses to report the antics of Zelensky. He has waged a holy war. He has raised the so-called Patriarch of Kyiv and ordered all the Russians in the Donbas that their churches are now to be subsidiaries of Kyiv. He has supplanted the Patriarch of Moscow replacing him with his Kyiv version effectively this is like replacing the Pope with some local bishop. The French did that by seizing the Papacy and moving it from Rome to Avignon. But, hey, Zelensky stands for freedom and democracy while refusing to honor the Mink Agreement that was to allow the Donbas to vote on their independence. So much for democracy.
Why should there be one country under God? It was the Civil War that saw the motto “IN GOD WE TRUST” appears on American Currency in 1864. God is no longer part of the foundation of the United States. Marxism is forbidden by the Ten Commandments. Religion has been under assault in America for quite some time. Some have argued that getting rid of paper money will even kill that motto once and for all.
There is nothing about the United States that adheres to any religious dogma. This idea of “freedom” is really freedom from any religious restraint. This is what has divided the country deeply and the Democrats are looking to win on Abortion. There were extreme abortion supporters who supported even an abortion right after birth. Even the Washington Post had to question that one. I suppose we can do away with the death penalty and just call it post-birth abortion to make it sound better and legal.
The world is divided. Politicians have caused havoc worldwide. They are only interested in winning at all costs and have been demonizing their opponents and that simply divides the country just as Hillary called everyone who voted for Trump, 50%+ – DEPLORABLES. Let’s face it. Both sides are running campaigns of hate.
The United States is already divided. History confirms that a house divided like this cannot possibly stand. The post-2032 era will be a period where society must come to grips with how to design a nation from scratch. The politicians have fueled the politics of hate. I for one could never see myself even dating someone from the other side politically. It would result in constant arguments and at the end of the day, you just cannot live with someone who would be opposed to all your basic beliefs.
Centinel2012 