QUESTION: Will you cover the Canadian migrant crisis and its impact on our markets?
BRD
The Migrant Crisis Impacting Canada Re-Posted Nov 6, 2023 By Martin Armstrong
Tag Archives: End of Free Speech
Pelosi Subpoenaed in Undisclosed Criminal Case Re-Posted Nov 6, 2023 By Martin Armstrong
The Coming Great Crash? Re-Posted Nov 6, 2023 By Martin Armstrong
I fully understand that there are now so many calling for a Great Crash of all time as they have during each correction, big and small, for over 30 years, and they just never get it right, even once. Some tout the rise in interest rates. Others look at this chart and nothing else. If there is a Great Crash, then the dollar rises, for you are selling assets for cash. They overlook the fact that in 1929, the US had a balanced budget. The world was buying dollars because Europe defaulted on its debt, which rippled through the financial system, causing 9,000 US bank failures in the United States just as the Mortgage Crisis in the US hit European banks.
So, if there was a Great Crash, does that mean you want to sell all tangible assets, from stocks to real estate, and go to the dollar and government bonds? Is that what you really want to do with Biden throwing money out the window in every direction BUT the domestic economy?
Most of these pretend analysts only look at the chart of 1929 and keep predicting a 90% crash. The dollar went up from 1929 into 1931 when the Sovereign Debt Crisis occurred. I had to read The Great Crash in high school. It was not until I found a copy of Herbert Hoover’s memoirs in an antique bookstore in London that changed my life. Nowhere in Galbraith’s book was there ever any mention of a Sovereign Debt Default because, like FDR, they were trying to see Marxism and blame everything on the private sector, so the government was the promised land.
Between 1929 and 1931, you sold private assets and moved to cash. However, look at what happened when the Sovereign Debt Crisis hit in 1931. The dollar fell with the stock market into 1932. People did not want either and assumed that most of Europe defaulted on their debt, so surely the US would be next. The fall in the dollar meant GOLD declined since there was a gold standard. Roosevelt was elected, and then he CONFISCATED gold BECAUSE he planned to devalue the dollar to inflate his way out of the Depression.
Most of what you hear about the coming Great Crash is distorted history. Some tout rising interest rates. Well, the Fed lowered rates from 6% to 1.5%, and it did NOT support the market. In fact, as always, the Bull market into 1929 took place with rising interest rates. When Trump took office, they called it the Trump Bull Market, and the Fed raised rates throughout his administration.
There is a lot more to this than superficial analysis. We will include a detailed review at the WEC.
Interview: World War Zeee with Maria Zeee ft. Martin Armstrong Re-Posted Nov 4, 2023 By Martin Armstrong
Welcome to the World of No Privacy Re-Posted Nov 3, 2023 By Martin Armstrong
I have been buying ancient coins at public auction, probably since the 1970s. Now, you cannot buy anything anywhere without providing full identification of who you are. This is an email I got from another European auction house.
Dear customer,
With regards to our business relationship, and following the legal obligations of the Principality of Monaco, could you please send us :
– Your ID card, or the one of the legal representative of your company.
– The Certificate of Incorporation, or a legal document certifying the existence of your company.
– The statutes of your company.
Thank you for your understanding.
Remaining at your service.
Best regards.
Weirdness Abounds – New York Judge Engoron Expands Gag Order to Stop Trump Defense Attorneys from Discussing Instructions from Court Clerk
Posted originally on the CTH on November 3, 2023 | Sundance
The judge in the New York City case against Donald Trump and the Trump organization has transparently been a little goofy. From the first day when he posed for the cameras, to the sketchy application of legal review within the case, Judge Arthur Engoron exhibits the classic traits of being weird and unstable.
There is a pattern amid the deployment of Lawfare that deserves some background context. Whenever Lawfare is deployed there are always background characters who are seemingly needed to keep the bizarre interpretations of Lawfare tactics on track.
We saw this play out with Debra Katzenberg, Monica McLean and David Laufman controlling Kavanaugh accuser Christine Blasey-Ford. We saw it again with Mary McCord playing the role in the background of the Trump Lawfare impeachment to guide Jerry Nadler and Adam Schiff. We saw it again with Andrew Weissmann and Norm Eisen guiding Special Prosecutor Jack Smith from the backbench of Lawfare. In each case the principal activity is guided by Lawfare ideologues who use position to influence.
In the Judge Engoron example, court clerk Allison Greenfield has been passing notes and instructions to Engoron as the case has progressed. The activity has become so disconcerting that Trump’s lawyers have called it out in court as it happens {Breitbart Link}. In response to the sunlight upon the visible activity, Judge Engoron has now expanded his gag order to prohibit Trump’s lawyers from drawing attention to the activity of Ms. Greenfield.
NEW YORK — The judge overseeing Donald Trump’s ongoing civil fraud trial issued another gag order on Friday — this time prohibiting all lawyers working on the trial from “from making any public statements, in or out of court, that refer to any confidential communications, in any form, between my staff and me.” (link)
The issuance of the gag order is weird because the entire dynamic of the clerk instructing the judge is weird. The gag order is an effort by Engoron to stop people from noticing it…. Yeah, that’s exponentially weirder.
POLITICO – [Trump Attorney Chris] Kise complained about Greenfield’s habit of passing notes to Engoron during proceedings, suggesting she is improperly influencing his decisions. Engoron reacted sharply to that complaint, telling Kise, “I have an unfettered, absolute right to consult with my law clerks” and saying he wouldn’t tolerate future comments about his staff.
Kise, though, continued to argue that he needed to state objections on the record for the purposes of an eventual appeal. “If notes are being passed at certain specific times or they’re being passed in a way that might indicate some bias,” he said, “that’s a record that needs to be made contemporaneously.” (more)
As noted by Henry Rossof from inside the court today, “Judge Engoron said he will note a continuing objection to his consultation with his clerk but does not want anything more said about her… he will still consult.”
“I have an absolute, unfettered right to consult with my law clerks anywhere, anytime,” Engoron noted. “There’s no more need to make a record” [of it within the court when it occurs] he concluded.
After this series of exchanges today, Engoron then expanded his court order to forbid the Trump lawyers from telling the public about what was happening between him and his clerk in the court.
Yup, weird, sketchy and fitting right in with the pattern of how Lawfare is deployed.
These people are ideologically not stable.
DC Appeals Court Overrules Judge Chutkan Gag Order
Posted originally on the CTH on November 3, 2023 | Sundance
A three-judge panel of the D.C. Circuit Court of Appeals has lifted District Judge Tanya Chutkan’s gag order prohibiting Trump from criticizing the special counsel, Jack Smith, or “any foreseeable witness” in the case. [2-Page Opinion Here] In my opinion, it was the generalized “foreseeable witness” part of the Chutkan order that became the central issue for the appellate court. Jack Smith could name anyone as a potential witness, just to silence the accused.
President Trump’s team previously indicated in their filing to the appeals court that they are prepared to seek immediate relief at the Supreme Court. However, at least now, that approach will not be needed as the DC Appellate Court has blocked the gag order.
[ SOURCE LINK ]
It is a win for Donald Trump amid a highly political DC Circuit.
If the appeals court had ruled to uphold the gag order, they would have opened the door for the U.S. Supreme Court to weigh in and potentially overturn the lower rulings. Therefore, appeals court was most likely not willing to see their own credibility rest on the language of a motion written by Judge Chutkan.
In the ruling, the appeals court will accept briefings and oral arguments prior to making their own ruling on the matter. That will make any advancement to the Supreme Court much less likely to succeed. There’s a bit of court credibility and preservation playing out in this dynamic.
WASHINGTON – A federal appeals court on Friday lifted a gag order reining in Donald Trump’s comments about the criminal election-subversion case pending against him in Washington.
At the former president’s request, a three-judge panel of the D.C. Circuit Court of Appeals temporarily lifted U.S. District Court Judge Tanya Chutkan’s order prohibiting Trump from using his public statements to target special counsel Jack Smith and his team, court officials and potential witnesses in the case.
The appeals court’s action makes it likely that the gag order, which Trump contends violates his First Amendment rights and those of his supporters, will be sidelined for more than two weeks and perhaps longer. Trump has also complained that the order interferes with his rights as a presidential candidate to argue to voters that he is being politically persecuted by the Biden administration.
The D.C. Circuit set oral arguments on the gag order issue for Nov. 20. The panel issuing the order consisted of two Obama appointees — Patricia Millett and Cornelia Pillard — as well as the court’s newest member, Biden appointee Bradley Garcia. (read more)
…”No court in American history has imposed a gag order on a criminal defendant who is actively campaigning for public office—let alone the leading candidate for President of the United States. That centuries-long practice was broken on October 17, 2023, when the district court entered its Opinion and Order, A1 (the “Gag Order”), muzzling President Trump’s core political speech during an historic Presidential campaign.
Given the Gag Order’s extraordinary nature, one would expect an extraordinary justification for it. Yet none exists. President Trump has made months of public statements about this case, but the Department of Justice (“the prosecution”) submitted no evidence of any actual or imminent threat to the administration of justice. Instead, when asked about the supposed threat to the case, the prosecution admitted, “of course this prejudice is speculative.”
Based this speculation, the district court entered a sweeping, viewpoint-based prior restraint on the core political speech of a major Presidential candidate, based solely on an unconstitutional “heckler’s veto.” The Gag Order violates the First Amendment rights of President Trump and over 100 million Americans who listen to him.
President Trump’s uniquely powerful voice has been a fixture of American political discourse for eight years, and central to the American fabric for decades. The prosecution’s claim that his core political speech suddenly poses a threat to the administration of justice is baseless. The prosecutors and potential witnesses addressed by President Trump’s speech are high-level government officials and public figures, many of whom routinely attack President Trump in their own public statements, media interviews, and books.
President Trump’s viewpoint and modes of expression resonate powerfully with tens of millions of Americans. The prosecution’s request for a Gag Order bristles with hostility to President Trump’s viewpoint and his relentless criticism of the government—including of the prosecution itself. The Gag Order embodies this unconstitutional hostility to President Trump’s viewpoint. It should be immediately stayed.
President Trump requests a ruling on this motion by November 10, 2023, and requests an administrative stay pending the Court’s ruling. President Trump has notified the prosecution, who note that they oppose this motion. President Trump respectfully asks that this appeal be expedited to the greatest extent possible.”..
~ President Donald J Trump, Legal Team
Jobs, Wages and Official Labor Reports Continue Showing Major Disconnects from Reality on Main Street
Posted originally on the CTH on November 3, 2023 | Sundance
I have not written as much about the economic analysis coming from the official institutions of government because, well, quite frankly, none of it has made sense for several months. In this era of great pretending, I am reminded of the official catchphrase which began in 2021, “managing the transition.”
When you contemplate that “managing the transition” can also equate to controlling public opinion, and when you overlap the dynamic of large U.S. institutions manipulating information in order to control that opinion, then suddenly the trust in the data evaporates. When the reality of the economic situation you can measure, gauge, and sense on Main Street is increasingly detached from the government data about what’s happening on Main Street, things get weird.
EXAMPLE TODAY – Bureau of Labor and Statistics: “Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent.” That’s the topline as announced.
Then you drop to the adjustments on the same report: “The change in total nonfarm payroll employment for August was revised down by 62,000, from +227,000 to +165,000, and the change for September was revised down by 39,000, from +336,000 to +297,000. With these revisions, employment in August and September combined is 101,000 lower than previously reported.”
September and October are generally significant upticks in labor, as the process for holiday preparation (shipping, transport, etc.) are underway. However, that historic pattern is no longer applicable. We see consumer trends in a downward direction, general uneasiness of the economic situation is relayed by businesses and consumers who are the key to reality, and yet the official reporting reflects something entirely different. Thus, you must ask yourself if this is part of the aforementioned “managing the transition.”
Additionally, staying with the bigger (non-pretending) picture, the U.S. government intentionally imports 7.5 million illegal aliens. Where are they in the data of employment conditions? Is there a metric that can evaluate the impact of a non-skilled labor influx that takes place simultaneous to a negative economic reality of inflation and diminished wages felt by those traditionally measured.
When you look carefully at the data provided by the Bureau of Economic Analysis (BEA), the Dept of Labor (DoL) and the Bureau of Labor and Statistics (BLS), what you come away with is the data-driven impression of something that you cannot actually see in the reality of the economic world around you. Quite simply, none of it makes sense.
If you begin talking about the disconnect, you enter a sphere of sounding like a conspiracy theorist. Would the official institutions of economic analysis actually manipulate data as an outcome of the larger goal to “manage the transition”? For me the answer is an emphatic, yes. However, how do you quantify that disconnect when the people with a vested interest in hiding any conflict are the same people who control the release of the data?
It is a reality that 75% of the American people feel their economic situation has worsened and continues to be worse. Many people are increasingly incapable of staying ahead of increases in cost of living. Govt institutions say inflation has come under control, yet the prices continue skyrocketing and everyone can feel it. Financial insecurity is the new normal amid a growing population, while the managers of the transition say, ‘all is well.’
The only thing that brings a person back from the world of crazy speak, is a review of actual ground reports on Main Street from people who are living their daily lives and trying to cope with the costs of maintaining that standard. Almost everyone expresses having more difficulty keeping their financial head above water. Yet the data released by government paints a different picture. The distance between reality and ‘official data’ has never been wider than it is today.
Fewer goods are being manufactured. Fewer goods are being shipped. Fewer sales are taking place. In a naturally contracting cycle this would mean less jobs. However, the data shows job growth.
♦Health care added 58,000 jobs in October, in line with the average monthly gain of 53,000 over the prior 12 months. Over the month, employment continued to trend up in ambulatory health care services (+32,000), hospitals (+18,000), and nursing and residential care facilities (+8,000).
♦Employment in government increased by 51,000 in October and has returned to its pre-pandemic February 2020 level. Monthly job growth in government had averaged 50,000 in the prior 12 months. In October, employment continued to trend up in local government (+38,000).
♦Social assistance added 19,000 jobs in October, compared with the average monthly gain of 23,000 over the prior 12 months.
♦In October, construction employment continued to trend up (+23,000), about in line with the average monthly gain of 18,000 over the prior 12 months. Employment continued to trend up over the month in specialty trade contractors (+14,000) and construction of buildings (+6,000).
♦Employment in manufacturing decreased by 35,000 in October, reflecting a decline of 33,000 in motor vehicles and parts that was largely due to strike activity.
♦In October, employment in leisure and hospitality changed little (+19,000). The industry had added an average of 52,000 jobs per month over the prior 12 months.
♦Employment in professional and business services was little changed in October (+15,000) and has shown little net change since May. Employment in temporary help services changed little over the month (+7,000) but is 229,000 below its peak in March 2022.
♦In October, employment in transportation and warehousing was little changed (-12,000) and has shown little net change over the year. Over the month, warehousing and storage lost 11,000 jobs, while air transportation added 4,000 jobs.
♦Information employment changed little in October (-9,000). Employment in motion picture and sound recording continued to trend down (-5,000); the industry has lost 44,000 jobs since May, at least partially reflecting the impact of an ongoing labor dispute.
What do you see happening in/around your area? How are the employment conditions nearest you?
Over 250,000 Dead Americans Re-Posted Nov 3, 2023 By Martin Armstrong
America has lost the war on drugs as overdose-related deaths have quadrupled in the past decade. Overdoses from fentanyl are now the leading cause of death for Americans aged 18 to 45. There was even a 109% increase in childhood deaths (10-19) from 2019 to 2021. Around 106,699 Americans died from drug usage in 2021 – more deaths than the number of service members killed in Iraq and Afghanistan combined. About 80,411 of those deaths (75.4% of all overdoses) were due to opioids like fentanyl. There is an internal enemy within our borders that no one discusses. Where is the outrage?
Perdue and the Sackler family have blood on their hands. The Sackler family owns Perdue Pharmaceuticals and was responsible for creating a pushing the sale of lethal drugs such as oxycontin. The Sacklers hired consulting firm McKinsey & Company and sales agents to “turbocharge” the sale of Oxycontin. McKinsey & Company initially wanted to payoff the insurance companies $14,000 per overdose or patient turned addict. The drug was initially marketed as SAFE AND EFFECTIVE. They claimed less than 1% of patients would become addicted.
Companies such as Cardinal Health, Johnson & Johnson, McKesson, and AmerisourceBergen were forced to pay $26 billion in their role in the opiod crisis. However, no company was as influential as Perdue. The family paid $225 million for civil claims but has not faced any criminal charges. Now, the opioid epidemic is in the hands of cartels and foreign actors who bring drugs over our border.
The situation in America has become so dire that the Biden Administration would like to train school teachers on using the overdose revival drug, naloxone. “Our schools are on the frontlines of this epidemic, but our teachers and students can be equipped with tools to save lives,” the letter notes. Unlike the original opioid epidemic, consumers of the substances do not know what is in their counterfeit drugs. Cartels add fentanyl because it is cheaper and makes the product stronger, resulting in countless accidental overdoses.
The Drug Enforcement Administration (DEA) has said numerous times that the majority of fentanyl in America is produced in China and then shipped to Mexico where they smuggle it into the United States. India is also producing fentanyl and being closely monitored. “China remains the primary source of fentanyl and fentanyl-related substances trafficked through international mail and express consignment operations environment, as well as the main source for all fentanyl-related substances trafficked into the United States. Seizures of fentanyl sourced from China average less than one kilogram in weight, and often test above 90 percent concentration of pure fentanyl,” the DEA report notes.
“Fentanyl production and precursor chemical sourcing may also expand beyond the currently identified countries as fentanyl lacks the geographic source boundaries of heroin and cocaine as these must be produced from plant-based materials,” the report concluded. Smugglers can simply walk across the border and back, as we have absolutely zero national security. Where is the outrage? Over 1,500 Americans die each week because we have permitted out enemies to enter our border and destroy the nation from within.
Mass Deportations from Pakistan Re-Posted Nov 3, 2023 By Martin Armstrong
European nations are not the only ones expelling foreigners from their borders. This has become a global contagion where nations are waking up and realizing they are no longer safe. Calls for jihad have caused even Muslim nations to question the motives of specific groups.
Pakistan is now asking thousands of Afghans to leave. Most of these people have nowhere to go since they fled a war-torn nation run by jihadists. They do not want to wander back into the Taliban’s control, but Pakistan is afraid that Taliban members may be among the ranks of men already in their borders. Over 200,000 Afghans have been deported from Pakistan in the past two month, with November 1 being the deadline to leave.
This is merely the first wave of deportations. As we saw in Europe, they are asking those without permanent resident to leave first. Those on refugee cards or visas will be expelled next. This will cause a mass exodus of people with nowhere to go as around 1.7 million Afghans currently call Pakistan home. The “record of the last forty years in hosting millions of our Afghan brothers and sisters speaks for itself,” one spokeswoman told reporters.
Citizenship and secure borders are what provides a nation sovereignty. All of these countries who permitted a mass influx of refugees without properly checking their credentials have created a humanitarian crisis. Arab nations will not accept people from other Arab nations that are ruled by terrorist organizations. Soon, people will simply be asked to leave nations based on their religion and political affiliation. This is only the beginning of a much larger migration crisis.
Centinel2012 