Posted originally on Aug 16, 2024 By Martin Armstrong
The coming economic collapse will not resemble the Great Depression. Yes, we are in a recession – but it will not be reminiscent of the Great Depression that began in 1929.
For you see, the landscape is entirely different now. America was transitioning from an economy based on agriculture to industrialization. About 40% of the economy was agriculture-based at the time. Outside factors like the Dust Bowl provided those is the agriculture sector with no alternative for work, hence the US experiences unemployment rates around 25% because farmers were out of work.
The economy cannot be properly analyzed from a domestic lens. By 1931, all of Europe defaulted on its debt, and Britain went into a moratorium. Mom and pops who invested in foreign debt were paying high interest in high denominations that the likes of Goldman Sachs were selling at the time. They lost all their money. It was a different time as it was a major transition.
The economic collapse on the horizon will be more reminiscent of the 1970s, when we entered a period of stagflation – inflation rises, but economic growth declines.
The Federal Reserve is in a tough place. Keynesian economics was created at a time when the US had a balanced budget, and the government was not the largest borrower. Emergency rate cutswill do nothing as this is a confidence game. Central banks throughout the world understand that they are helpless. Governments are now the biggest borrower of national debt and in the US we have interest expenditures exceeding $1 trillion. The Fed and central banks in general can do nothing to prevent runaway inflation or curb government spending.
We face difficult times ahead. Japan will perhaps be the first to default before the contagion spreads to Europe. My aim was to create a system like Socrates that could help people navigate the inevitable ups and downs of the economy. We know what is to come so we can stay prepared. Again, we are not entering a second Great Depression by any means, but dark days are upon us.
Posted originally on Aug 16, 2024 By Martin Armstrong
QUESTION: How can you say that Trump is above the law and should have immunity?
GH
ANSWER: That is a very nice argument put out by Chuck Schumer, who distorts the law for political gain. In Van de Kamp v. Goldstein, 555 U.S. 335, 129 S. Ct. 855 (2009), the Supreme Court held that when the prosecutor’s administrative functions are so closely related to the trial process, they are also protected by the prosecutor’s absolute immunity. Id. at 864-65 (focusing not on how the information was delivered, but instead on how it is maintained)
Chuck Schumer makes it sound like Trump is the only one with immunity. He is an outright liar and is only fueling civil unrest. Prosecutors and judges are ABSOLUTELY IMMUNED, but somehow the President has none? Schumer claims nobody should be above the law. Well, let’s start with the Judges and prosecutors or those in Congress. He wants to tear apart the Supreme Court to manipulate the law for his political agenda. The tyranny this man supports is what the American Revolution was all about.
When the history of this period is written, Schumer will go down as a major factor in destroying the United States and his role in fostering civil unrest.
Posted originally on Aug 16, 2024 By Martin Armstrong
A hacker group called USDoD successfully broke into the records from the National Public Data system and stole EVERY social security number. The media first reported that 2.7 billion records, including physical addresses, were stolen but now intelligence agencies believe that government data on every resident of the US, Canada, and the UK were confiscated by hackers.
The hacking group allegedly asked for $3.5 million to return the database, but the leak has already occurred. There have been more instances of hacking in the past few years than ever before. It seems as if elite hackers can break into just about any government data source. That is unless you attempt to assassinate a former president. Then, not even the highest-ranked intelligence officers in the US can unlock your phone or learn of your personal information.
Government incompetence and weak security could be to blame. But perhaps a more sinister motive is at hand. The US, UK, and Canada all have one thing in common – they’re working toward the Great Reset and Build Back Better agenda. The goal is to eliminate hard currencies to create CBDC and digital IDs for every citizen that will include things like social security numbers and social credit scores.
I know multiple people who have had their identities stolen, and it took years to undo the damage. They are still required to file their taxes using a special PIN number as their number and personal information are permanently in the hands of criminals.
This data breach occurred in April, but thanks to a class-action lawsuit, the company failed to notify the public until August. The company told the Los Angeles Times in an email that “we are aware of certain third-party claims about consumer data and are investigating these issues.” Neither the company nor any government agency is validating the severity of this massive hack.
The push for digital IDs and CBDC has been led with the pretense that the government can safely keep our data secure. Governments have been utterly incapable of keeping our data secure since the dawn of the internet, and now we are to trust them with a centralized data source that will contain absolutely every piece of personal information?
If this was an inside job to highlight the need for added security, it absolutely failed. I would not trust the government to take my trash to the curb, let alone keep my data safe. They are now loosely advising the public to check their bank accounts and change their passwords – what will any of that matter when our information is fully in view for any criminal to take?
Posted originally on Aug 16, 2024 By Martin Armstrong
This is the most bizarre election in American History, and given our computer warns, it will very likely be the last. This “acting” judge, Juan M. Merchan, is a prosecutor. How does an “acting” judge get the most important case in American political history? Prosecutor Bragg ran for election promising to take down Donald Trump. He is about as unbiased as Bill Gates when it comes to vaccines.
Juan Merchan has yet again denied Trump’s motion to recuse himself. The standard is that if his “impartiality might reasonably be questioned,” he is to step down. Merchan should recuse himself from such a high-profile case, and his failure to do so is taking the entire position of the rule of law into disrepute worldwide. On that score, the lucrative political work Merchan’s daughter has done for Vice President Kamala Harris should be seen as more significant now that Harris has replaced President Biden as Trump’s Democratic opponent in the upcoming election. This is just outrageous.
There is no denying that Bragg’s prosecutors used some of Trump’s official acts to prove their case. Indeed, they called as witnesses two of Trump’s White House staffers. Under the Supreme Court ruling, Bragg could not have used official acts, and this tainted the entire case. At the very least, this should have been a mistrial, for it is impossible to now separate the impact of using official acts and staff from the White House in this prosecution. Of course, Trump’s lawyers moved post-trial to have the guilty verdicts thrown out based on the high court’s immunity ruling.
Merchan has made it well known that not only has he refused to recuse himself against every principle of decency, but he has signaled that, come hell or high water, he intends to sentence Trump on September 18. He is clearly seeking to interfere in this election. This sentencing is just two days after early voting in the 2024 election begins in Pennsylvania. The Democrats are using this case to win the election. Here is what they are sending out:
Merchan does not care about the law or justice. This is interfering in the 2024 election, and this is what this has been all about. We would expect this sort of thing from a Banana Republic steeped in corruption. This is what the United States has become, so our computer warns that there is NO POSSIBLE WAY the United States will survive this election. The nation will divide because this is so outrageous. Civilization works when we all benefit. When Obama was elected, those opposed to him just accepted and moved on. This time, there is no way this country will move on regardless of who wins.
This is what happened just back on January 20th, 2017, when Trump was inaugurated. This time, it is going to be far worse. It does not matter who wins; we are looking at civil unrest on a major scale. The Trump defense team has been trying to stave off sentencing, but Merchan will not do that, and the talk in New York City is that he wants to sentence Trump to prison, desperately believing that this will ensure a Democratic Victory.
Under these conditions, if Kamala were to win, I fear you are looking at a time when the Supreme Court may have no other choice but to reverse the election. What Merchan and Bragg are doing is an outright federal crime in light of the Supreme Court’s decision that held presidents (including former presidents) are (a) presumptively immune from criminal prosecution for any official acts taken as president and (b) absolutely immune if the official acts are core constitutional duties of the chief executive. The Court instructed that this immunity extends not only to charges but to evidence. That means prosecutors are not just barred from alleging official presidential acts as crimes; they are further prohibited from even using such acts as proof offered to establish other crimes.
Here is the problem: there is NO POSSIBLE WAY to extract the “official acts” that Bragg introduced to get these convictions. If Kamala wins, this is going to present a significant Constitutional Crisis. Bragg and Merchan have absolute immunity from lawsuits for what they are doing but seek to deny a president the very same immunity that prosecutors and judges enjoy. Four of our six models show Trump should win. If he does not, this election is rigged, but it will be overturned this time. Only two models show a Democratic victory at best by only 51%.
Here is the computer forecast for the 2020 election. Only one model predicted a Trump victory, with three out of six, but two had wide margins. Yes, they maneuvered the election in Congress to prevent a challenge to various states.
Back in 2016, we projected against the odds that Trump would win against Hillary, who outspent him 40:1. No model showed a Hillary victory—not one.
The Economic Confidence Model on the Pi Target from the start of this wave 1985.65, is where years in advance we stated that 2017.05 would be the first time a third party president could be elected. That target 2017.05 was when Trump was inaugurated.
These are NOT my personal opinions – this is an unbiased computer.
What is taking place worldwide is whoever is in power is being thrown out
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