Fed President Says Americans Would Prefer a Recession to Inflation


Posted originally on Jun 5, 2024 By Martin Armstrong 

Fed Ship in STorm

Federal Reserve Bank of Minneapolis President Neel Kashkari has advised against anticipating near-term rate cuts. While speaking to the Financial Times, the Fed president stated that people would simply prefer a recession to continued inflation.

“I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate high inflation,” he told the Financial Times’ The Economics Show podcast. Kashkari is speaking as if we are not already in a recession. It is not difficult to understand the “visceral” hatred people around the world feel toward rising prices. The effects of inflation are felt with every purchase, causing the average person to adjust their entire lifestyle.

3 faces of Inflation Dragon

Vague issues such as rising unemployment or declining wages do not impact everyone. “I lose my job, I lean on my sister or my parents or my friends, and they help me through it. But high inflation affects everybody. There’s no one I can lean on for help because everyone in my network is experiencing the same thing I’m experiencing,” Kashkari explained. Mass layoffs, for example, would only impact a fragment of the overall population, and people would feel lucky simply to keep their jobs.

“In the US, GDP has been remarkably strong, very strong,” he noted. “The labor market has been resilient. Wage growth has been mostly resilient. And we’re seeing even the housing market has shown signs of resilience. So if I look at this resilience and economic activity, that does not look like an economy that is under pressure of very high, very tight monetary policy.” Yet, inflation is outpacing wage increases and people are watching their savings dwindle while spending less. The average person cares not of the health of the overall economy as they simply want to be able to continue maintaining or improving their standard of living. Most Americans, for example, do not invest and live paycheck to paycheck.

CPI Formula

Real prices have far surpassed anything they calculate in CPI. Everyone understands that prices have risen far more than the arbitrary number the Fed provides us. Taxes are continually increasing for everyone in every tax bracket. The government not only adds to inflationary issues with their spending but then expects their citizens to foot a portion of the bill with taxes, which will simply never be enough.

Then we have Washington telling the masses to blame corporations for price gouging while raising their taxes and making it increasingly difficult to conduct business and maintain a large workforce. It is not that the people would prefer to be in a recession, the real issue is that countless people are entering survival mode. People everywhere want to hold onto whatever they may have out of fear for the future, but they are unable even to hoard as real prices now demand they hand over whatever they have to maintain their lives.

The Economic Decline of Europe With Rising Interest Rates?


Posted originally on Jun 5, 2024 By Martin Armstrong 

Via Veneto

I have returned from a two-week tour of Europe covering the UK, Germany, and Italy. Europe is in dire straights. I have stayed on the Via Veneto since my parents took me back in 1964/65. It was the 5th Avenues of Rome. The street was lined with sidewalk cafes. Out of probably 30, only three remained. There was once a restaurant that overlooked Trajan’s Forum that I ate with my parents back then. Ever since then, I have eaten dinner there for over 40 years. This time, it too was gone.

The damage that COVID unleashed by stupid politicians listening to people like Fauci and self-anointed experts at various universities in London, has undermined the European economy dramatically. Then throw in the nonsense of NET ZERO climate change and comingle that with the insanity of the American Neocons who blew up Nord Stream, imposed sanctions on Russia that have backfired on Europe. It is understandable why European political leaders are beating the war drums for they desperately need a distraction. War has historically been the best distraction from domestic civil unrest.  Otherwise, the people will storm their palaces and drag them out to the streets in old fashion revolutions for their sheer stupidity, belligerence, and incompetence.

Assassination

All governments become arrogant and die by their own hand from domestic strife. Like Rome, the barbarians could only successfully invade when the politicians had weakened Rome’s economy. History repeats because humanity never learns. We see the West already deeply divided. This unprecedented attack on Donald Trump began from the very day that he announced he would run for President. They do not like outsiders. Politicians have been schooled in how to send people to war to die and never think twice about the children growing up without a parent. You must be dehumanized to be a head of state, no different from the head of a Pharmaceutical company that can sleep at night knowing some people will always die from a vaccine. Still, they focus on the majority – never the collateral damage.

Haraguchi Kazuhiro

Kazuhiro Haraguchi, the former Japanese Minister for Internal Affairs, has become the first major politician to apologize to the unvaccinated for the tsunami of deaths occurring among the vaccinated population. There has been a major protest, with serious numbers of Japanese citizens taking to the streets demanding action against the crimes against humanity perpetrated by globalist organizations such as the World Health Organization (WHO) and the World Economic Forum (WEF) during the pandemic. There is NO data available as to the long-term effects of MNRA vaccines.

Since people like Bill Gates proclaim that MNRA will bring the cost of vaccines down to $2 to maximize profits, they have successfully destroyed all the benefits of vaccines created over the past 200 years. This is playing into our computer projection for the population decline. Maderna is bragging how they have blended COVID-19 with the Flu Shot. This is just an instance, and governments are up for sale to the highest bidder.

China Holdings of US Debt

Usually, when you enter a recession, interest rates decline because people stop investing and begin to save for a future that is uncertain. However, our brilliant Neocons have been trying to create World War III and they have yet to win a single war they have launched since World War II. Threatening China over Taiwan may sound noble in the headlines and on CNN, but China has been the largest holder of US debt. It is now declining in CRASH MODE, and rightly so. You do not lend money to your enemy who wants to kill you.

China sold $53 billion during the first quarter of 2024, and it continues to be a net seller. With Biden spending like a drunken sailor, governments default when they are involved in these Ponzi schemes and are unable to sell new debt to pay off the old. China is in a 14-year decline, and rightly so. This means that the US Treasury will need to find other buyers for its debt, and in the process, rates will rise more than keep beating the war drums.

ECM Wave 2020 2028 Pi

The recession began in the USA and will be hardest felt in Europe. Today, Buden was forced to close the border. He was getting plummeted by fellow Democrats ahead of the election. The Sanction of Russia and Biden’s recent decree to cut off all energy from Russia will fulfill what our computer has forecasted: that we are looking at STAGFLATION, meaning economic growth declines. Still, inflation continues to rise due to shortages and the most brain-dead people in the White House, probably in US history.

Here are the timing arrays for the UK and the core of the European economy – Germany. We are in a declining mode into 2026, and waging war to retain power may look good on paper, but they will not be able to blame Putin for everything. It is down and dirty from here on out.

Germany GDP Y 6 4 24
Britain UK GDP Y 6 4 24

Land of the Free Home of the Brave – Void when Neocons Prohibit It


Posted Jun 4, 2024 By Martin Armstrong 

COMMENT: Marty, please post this on the public blog and not the private. Everyone would know that all the major intelligence agencies read you because they all know Socrates has been incredible in its geopolitical forecasting that is unmatched anywhere. After you returned home across the pond, I believe the chatter is that some are now questioning Secretary General Jens Stoltenberg’s position. You are far more of a champion than even you think. There are those listening to Socrates’s statement that the West will lose. They know Socrates forecasted the fall of communism in 1989, the USSR in 1991, and the Russian bond collapse in 1998. Nobody can do that from personal opinion.

Please, please, post this on the public blog. People have to support you to at least make it to 2032.

Anonymous

T Shirt Land of Free

REPLY: I hope you are right. When I returned, as soon as the Customs Agent looked at the screen on me, she said come with me and took me off to a private room to be searched. They detained me for only about 30 minutes, and I was released. I was not allowed to call anyone or use my phone. That has never happened before. So, I guess I have the Neocons to thank for that delay.

Everyone would be writing to their Congressman and Senator to demand an investigation into HOW directed the “appointed” government of Ukraine to start this civil war. I believe it was Victoria Nuland et al. She was the one on the ground, and it was her husband who started the claims that Trump would be a dictator because his wife has been in every administration EXCEPT that of Trump. It is time for the truth to be revealed for the world to see.


Many have asked if they can buy this shirt we handed out at our WEC a few years back. We do not have any. Given the unfolding events, we will look into the possibility of making up a batch.

Mike Davis on the Alito Flag Controversy: This is the Democrats’ Latest Hoax


Posted originally on Rumble By Bannons War Room on: June 3, 2024 at 05:00 pm EST

Revealing Biden’s Role in Every Single Trump Indictment: This is Biden-Driven Election Interference


Posted originally on Rumble By Bannons War Room on: June 03, 2024 at 05:00 pm EST

New Mexican President – Mrs Claudia Sheinbaum Wins Large Electoral Victory Keeping AMLO’s Morena Party in Power


Posted originally on the CTH on June 3, 2024 | Sundance

Claudia Sheinbaum doesn’t exactly sound like a Mexican name (lol), but with around 60% of the vote Mrs Sheinbaum is now the new president of Mexico.  Sheinbaum becomes the first woman president of Mexico and the first Jewish leader of a predominantly Catholic nation.

Sheinbaum and current President AMLO are reportedly close political allies, and both represent the Morena party. The outcome of the election appears to have positioned the Morena party for a considerable set of legislative victories, perhaps giving them a super majority.  In large part this outcome was driven by the working-class and lower income group who strongly support AMLO.

Keep in mind that AMLO was/is essentially a soft-socialist with a strong nationalist streak.  The financial markets do not like the nationalistic aspect to AMLO; Wall Street prefers a multinational corporate politician and a more fascist policy system that is easier to purchase by corporations.  The other aspect that put AMLO on the opposite side of the multinationals was his traditional energy policy (cheap and abundant oil and gas).

It seems that Claudia Sheinbaum carries a political outlook similar to AMLO, with the exception of the energy policy.  Sheinbaum is more of a climate change, green new deal, renewable energy politician.   Sheinbaum’s energy policy outlook gives Suspicious Cat a reason to consider that U.S. IC interests may have put a finger on the scale of the Mexican election.

MEXICO – […] After thanking voters for their support, Sheinbaum emphasized the historical moment. “For the first time in 200 years of the Republic, I will become the first woman president of Mexico,” she told supporters.

“We have achieved a plural, diverse and democratic Mexico,” Sheinbaum said. “Although many Mexicans do not fully agree with our project, we will have to walk in peace and harmony to continue building a fair and more prosperous Mexico.”

Her party, Morena, is expected to have a majority in the legislature, according to projections by the electoral agency. Such a majority would allow her to approve constitutional changes that have eluded current President Andrés Manuel López Obrador. (read more)

Considering that AMLO was not in alignment with Joe Biden, this transition will be interesting to watch play out….

CTH will keep repeating the words, WATCH MEXICO.  Ever since Mexican President Andres Manuel Lopez-Obrador confronted Joe Biden in the oval office about energy policy, things have increasingly escalated.

Remember, Mexico did not join the Build Back Better suicide mission, or the sanctions against Russia.

Keep in mind, it wasn’t just President Trump who blocked the migrants and secured the U.S. southern border, it was AMLO using 50,000+ active military to stop the migration flow of illegal aliens. It’s not a surprise that AMLO is letting the caravans flow to the border, while Biden is trying to undermine the Mexican government.

Remember, the U.S. intelligence community are conducting operations in Mexico; be leery of any headline stories coming out of the country.  AMLO already called out the U.S. and Samantha Power for trying to influence Mexican politics.

MEXICO CITY, May 3 2023 (Reuters) – Mexico’s president asked his U.S. counterpart Joe Biden to stop the United States Agency for International Development (USAID) from funding groups hostile to his government, according to a letter presented to journalists on Wednesday, echoing previous Mexican criticism of U.S. interventionism.

President Andres Manuel Lopez Obrador did not specify which Mexican groups the U.S. should stop funding, but he has in the past accused several media organizations of being part of a conservative movement against his government.

“The U.S. government, specifically though USAID, has for some time been financing organizations openly against the legal and legitimate government I represent,” he said in the letter. “This is clearly an interventionist act, contrary to international law and the relations which should prevail between free and sovereign states.”

The letter calls for Biden’s intervention, saying the U.S. State Department in recent days announced that USAID would increase its funding toward such organizations. (read more)

David Sacks: This is How We Know the MAGA Movement is More Popular Than It Seems


Posted originally on Rumble By Charlie Kirk show on: May 2, 2024 at 5:30 pm EST

Retired Four Star Admiral Arrested for Bribery


Posted originally on the CTH on June 1, 2024 | Sundance

(VIA DOJ – May 31, 2024) – […] As alleged in an indictment unsealed today, from 2020 to 2022, Robert Burke, 62, of Coconut Creek, Florida, was a four-star Admiral who oversaw Naval operations in Europe, Russia, and most of Africa, and commanded thousands of civilian and military personnel.

Yongchul “Charlie” Kim and Meghan Messenger, both of New York, are the co-CEOs of a company (Company A) that provided a workforce training pilot program to a small component of the Navy from August 2018 through July 2019. The Navy terminated a contract with Company A in late 2019 and directed Company A not to contact Burke.

Despite the Navy’s instructions, Kim and Messenger then allegedly met with Burke in Washington, D.C., in July 2021 in an effort to reestablish Company A’s business relationship with the Navy. At the meeting, the charged defendants allegedly agreed that Burke would use his position as a Navy Admiral to steer a sole-source contract to Company A in exchange for future employment at the company. They allegedly further agreed that Burke would use his official position to influence other Navy officers to award another contract to Company A to train a large portion of the Navy with a value Kim allegedly estimated to be “triple digit millions.”

In furtherance of the conspiracy, in December 2021, Burke allegedly ordered his staff to award a $355,000 contract to Company A to train personnel under Burke’s command in Italy and Spain. Company A performed the training in January 2022. Thereafter, Burke allegedly promoted Company A in a failed effort to convince a senior Navy Admiral to award another contract to Company A.

To conceal the scheme, Burke allegedly made several false and misleading statements to the Navy, including by creating the false appearance that Burke played no role in issuing the contract and falsely implying that Company A’s employment discussions with Burke only began months after the contract was awarded.

In October 2022, Burke began working at Company A at a yearly starting salary of $500,000 and a grant of 100,000 stock options. (read more)

 

The Impact of the Trump Verdict on our AI Computer – The Fall of the US in 8.6 years.


Posted originally on Jun 1, 2024 By Martin Armstrong 

Merchan Judge Juan

Juan Manuel Merchan is a Colombian-born American judge and former prosecutor. Most curious, he is NOT a formal judge, he is ONLY an acting justice of the New York State Supreme Court in New York County. How did a former prosecutor  who is NOT a formal judge get assigned this case? This is not just a possible rigged proceeding, but this is UNCONSTITUTIONAL insofar as the alleged crime is a federal crime when there is no subject matter jurisdiction by this ACTING JUDGE in a state court to preside over a federal crime.

Now this ACTING Judge will be sentencing Trump where the maximum fine if $5,000 per count but he could sentence Trump to 4 years for every count. This UNCONSTITUTIONAL sentencing is a disgrace to the rule of law and the comments from overseas institutions and governments coming in to me personally are appalled at this entire proceeding.

The ACTING judge Merchan is a disgrace to the legal profession and his bias was clear by imposing a GAG order only on Trump but not on the prosecution’s witnesses. That is UNPRECEDENTED and a joke. He will now sentence Trump on July 11th, 2024 and this politically and morally corrupt Judge has carved his name in American history. This has shown that our legal system is so corrupt and biased that the entire system should be scrapped and all judges simply fired.

History is littered with corrupt judges like Merchan who always assume they are above the law like this ACTING judge and former prosecutor. In China, the historian Sima Qian provides us with a look at one of the most harsh bureaucrats of the Wudi reign, Du Zhou (? – 95BC), who argued that the old laws were then irrelevant and could be changed at the pleasure of the emperor. Zang Tang (? – 116BC) A judicial bureaucrat named Wno drafted the laws under Wudi regime and made treasonous thoughts (CONSPIRACY) punishable by death. When the regimes changed, he was eventually compelled to commit suicide as his view of the law led him to be the most hated among all of the ministers under Wudi regime.

Yet Merchan is perhaps closer to the minister Chao Cuo (? – 154BC) who was under the previous emperor Ching-ti (Liu Ch’i)(157-141BC), Chao Cuo earned the hatred of other ministers after he introduced 30 new laws. The outrage was so intense, he was dragged out and executed in his judicial robes in the town marketplace. There was far greater resistance toward changing the laws in China than what we see in NYC today. These incidents of publicly executing ministers who tried to make the laws even harsher, were not unique, but became far more common in China compared to the West.

Merchan has set in motion the decline and fall of the United States and curiously, it will be about 8.6 years from this even until we reach 2032. That was the time of judicial upheaval in China and it was just 8.6 years for the collapse of the Roman Monetary system from 260-268AD.

What they have set in motion is the decline and fall of the United States. There will not be enough police in New York City to protect it from collapse. Institutions are selling New York state and city debt. It will never be paid. Get out while you can.

DJIND W 5 30 24

Interestingly, our computer projected a major turning point for the Week of July 8th and a Panic Cycle thereafter, which aligns with the date for Trump’s sentencing – July 11th. The Neocons who really run the country, are scared of Trump and they intend to start a war BEFORE the election. They think Biden will win since no president has lost during war, They fear Trump is anti-war so this is their time to accomplish the destruction of Russia and they will create something just in case they cannot eliminate Trump to trap him into this war.

The Neocons just SECRETLY gave permission to Ukraine to use US missiles to attack inside Russia praying Russia will retaliate against any NATO country. Some say that the ONLY way to prevent World War III is that Russia should give the Ukrainian people 30 days to leave Ukraine before it completely nukes it leaving the region inhabitable. The West will then threaten to nuke Russia and Russians would announce it will nuke all the major cities of Europe and the US from its subs and compel the people to rise up against their warmonger politicians.

I am not so sure even that would work. Germany is drafting up to the age of 60 years old already. We will see the same in most European countries and you have the minister of Estonia bragging how they want to break Russia into regions thereby engaging in not just regime change, but the antihalation of Russia itself. Beware of August/September. I fear our computer will be right – we are heading into World War III and the West will lose this time.

I was not certain what the fundamental might be come July, but now we know this is related to Trump. The computer seems to be able to pick the timing well in advance. I strongly recommend to get out of any investments related to NY.

10 trillion Debt Crisis Default

At the end of fiscal year 2020, New York City debt outstanding was $125 billion. As total debt has grown—by 84 percent since 2005. The current City’s debt limit was $127.4 billion as of June 30, 2023. NYC has no possible way to pay off its debt.

The West NEEDS this war for just like World War II, governments collapsed and new ones take their place and they ALWAYS default on the debts of the previous. Even the US never honored the debts of the Continental Congress. Every Western government is preaching war. They are not interested in peace because they know they are in serious trouble when it comes to the Debt Crisis.

Bill Maher tells CNN the truth about the democrat party


Posted originally on Rumble By Charlie Kirk show on: May 31, 2024 at 5:30 pm EST