Tag Archives: End of Free Speech

Feb 16 2023

War & Capital Flows


Armstrong Economics Blog/Capital Flow Re-Posted Feb 16, 2023 by Martin Armstrong

COMMENT: Marty, I attended your coming out WEC in Philadelphia in 2011. Just about everyone I spoke with said the same thing. They all showed up to make sure it was really you and not some government stooge pretending to be you.

I must say, when you put up the war cycle, I thought it was interesting and everyone respected your work so we listened. At the time it was perhaps a curiosity and would be something we would watch on TV instead of the Oscars. Here we are. In the middle of this mess. I can now see how they used that tactic to demonize Trump to get Biden elected if he was really elected.

Now every person who voted for Biden has voted for World War III. They bought the hatred of Trump to remove him when he was like JFK and would never have agreed to war as you said when you went to dinner at Mara Largo. The recent tapes show that Nixon confronted the CIA for killing JFK. The very people who did the Watergate break-in were operatives for the CIA to make sure Nixon would be removed.

Our leaders really want war. I would never have thought your war model would predict that we would be the aggressor. Our government lies about everything. Why? Do they hate humanity that much?

GP

REPLY: I appreciate what you are saying. The Deep State has always had its agenda and it was always just about them. Never in my wildest dreams looking at these forecasts a decade ago did I ever contemplate that we would be the aggressor. The Neocons just want to annihilate every Russian. That is all they think about. That is why John McCain handed Hillary’s fake dossier to James Comey at the FBI. They were two Neocons and always wanted war with Russia. It was Hillary that conditioned the Democrats to think that Russia was the enemy and they rigged the election for Trump.

You see both Democrats and Republicans cheering war now. There is no stopping the warmongering. All we can do is prepare, and understand how the capital will shift as the arrays will give us the timing. This will enable us to position ourselves to make it to the other side of 2032. Fortunately, Socrates was constructed using the raw data to provide a picture of global capital flows.

That was why I was called in by the Brady Commission back in 1987 for as you can see, the G5 was taking the dollar down for trade by 40% and then foreign investors sell US assets for they will lose on the FX exchange. Those morons every understood capital flows or currency.

When again they were trying to talk the dollar down in 1997 for trade purposes, I warned them they would unleash another crash making the same mistake as before. They at least listened and backed off.

Feb 16 2023

Klaus Schwab Outlines How the Transformation Will Deliver the New “Master of the World”…


Posted originally on the CTH on February 15, 2023 | Sundance

A lot of people are going to cite and replay a part of the remarks by World Economic Forum head Klaus Schwab, where he outlines what attributes are needed in order to beome the new “Master of the World.”

However, the more interesting, buried lead in his remarks was his talking about the new power structures within global government.  He literally says multinational corporations are the power centers for global government in the same way as nations like India.  First, the soundbite everyone will discuss. WATCH:

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But don’t get too hung up on that one aspect of his remarks.  The full speech is below, I suggest listening to it all, and pay particular attention at 04:50 where he talks about “the political transformation“.

Prompted, just hit play:

…”We are moving from a world more or less dominated by one super-power, into the patchwork of a multi-power world. With one superpower, a competing superpower, aspiring superpower like India, middle powers, but also rogue states, companies who have become global powers, technology companies – social media.”…

Feb 15 2023

War itself is a Crime – it is legalized mass murder Re-


Armstrong Economics Blog/Ukraine Re-Posted Feb 15, 2023 by Martin Armstrong

The Ukrainian people WRONGLY believe that Putin is their enemy. You are looking in the WRONG direction. The Ukrainian people had better overthrow Zelensky fast before they lose their entire country and could come by April 26th. The US Secretary of State, Antony Blinken, just confirmed that he could care less about all the civilian deaths in Ukraine. This is a Proxy War against Russia and nobody actually cares at all for the Ukrainian people. Statistically, twice as many civilians die in wars than soldiers. For God’s sake – OPEN YOUR DAM EYES!

Blinken actually said that any peace deal between Ukraine and Russia that relinquishes the Donbas in exchange for peace will ‘open a Pandora’s box around the world.‘ First of all, this is the standard Neocon propaganda that somehow Russia really wants to conquer all of Europe. That is clearly total nonsense. Those days of occupying foreign lands are all in the base and were part of the old Imperialism Theory – the more land you have the wealthier you will be. The British Empire collapsed and that theory failed.

More importantly, he wants the Ukrainian civilians to die for his political policies against Russia. YOu are to sacrifice your future, your life, and your country. Putin is not your enemy, it is the West that is willing to sacrifice all Ukrainians for their political agenda.

The Russian people no more support such a war than the American people. Harry Patch, the last surviving veteran from World War I who is 11 years old, had the best suggestion for war.

” I felt then, as I feel now, that the politicians who took us to war should have been given the guns and told to settle their differences themselves, instead of organizing nothing better than legalized mass murder.”

The Ukrainian people voted for peace – that was the promise of Zelensky. He has been nothing by the Angel of Death and when Ukraine has finally become its own sovereign state in 1991, Zelensky has thrown that all away and only waged war for the Donbas which is occupied by Russians in a civil war instigated by the American Neocons led by John McCain. I am warning you, our computer is projecting that Ukraine will exist no more. You are throwing it all away for the Donbas. This was not what you voted for and you have no right to vote now to even end it.

Feb 15 2023

Mining Expansion for Green Energy


Armstrong Economics Blog/Uncategorized Re-Posted Feb 15, 2023 by Martin Armstrong

MiningWatch Canada is estimating that 3 billion tons of mined metals and minerals will be needed to power the energy transition. All of this nonsense for climate change means that mining for minerals will escalate dramatically. There will be an incredible expansion in the mining industry for six critical minerals: lithium, graphite, copper, cobalt, nickel, and rare earth minerals. What is really just insane is that even if this green energy were to last, over the next 30 years, we will have to increase the production of these minerals consuming more that all the past generations combined.  Our What-If models project copper at 9-10 by 2028 shutting down fossil fuels.

Feb 15 2023

JP Morgan to Create Ukraine Fund


Armstrong Economics Blog/Turkey Re-Posted Feb 15, 2023 by Martin Armstrong

QUESTION: Mr. Armstrong, JP Morgan seems to be cutting a deal with Zelensky to create an infrastructure fund to rebuild Ukraine. How can they create such a fund when the war is ongoing? Something does not seem right. Is this another scam like FTX?

WL

ANSWER: Stay away from this fund. Do NOT invest 10 cents. Yes, you are correct, you do not repair the infrastructure when the war is still ongoing. That makes zero sense whatsoever. Worse still, Ukraine will not survive as a nation-state anyway. Zelensky makes sure he has enough stashed offshore to make his getaway when the curtain falls. They can hand them tanks and planes and NATO troops will really be the drivers. The West has ZERO regard for the Ukrainian people. If they cared about what was really going on, they would let Zelensky enter peace talks.

They will keep this war going until every Ukraine is dead. There will be NO Ukraine. Their dream of having their own sovereign state will vanish with the last breath of the last Ukrainian when they fall on the battlefield. This is a pointless war all for a strip of land that has been historically Russian for centuries.

Whatever money you invest in such a fund will be 100% lost.

Feb 15 2023

Depression Scrip – Coming to a Region Near You


Armstrong Economics Blog/Cryptocurrency Re-Posted Feb 15, 2023 by Martin Armstrong

QUESTION: At the WEC, you said as the nation breaks apart, the most likely course of action will be the creation of local currencies. You also said you would post a catalog of Depression Scrip. I have not seen that. Can you post that, please?

Thank you for a great WEC. Always learning something new.

GJ

ANSWER: Sorry. I may have forgotten to publish that because I searched Amazon and could not find it. It was published back in 1984. Because Depression Scrip is not a huge field of collectors largely because most have never heard of the existence of private currency during the Great Depression, this book is quite rare. You may find some used copies that go for $125 or more.

I have studied the subject from the standpoint of economics. During the reign of Tiberius (14-37AD), he was very frugal and as such there was a shortage of money which led to a Financial Panic in 33AD. During such periods, private money surfaces as a necessity. This is why history repeats because human nature never changes. It will always respond the same way.

Here is private money from the Panic of 1837. The denomination reads 12 1/2 cents. This was issued by a Coffee House. Here is a half-penny issued by the New York store of Macy’s in 1876 following the Panic of 1873.

Throughout history, we see the very same reaction each and every time. I have collected a large number of private currencies covering the various financial waves of panic since Roman times. It has been a critical part of being able to forecast what takes place during these events. The common denominator is always humanity since we never change for thousands of years. We only progress in terms of technology – not our human emotions.

Here is private scrip issued by the San Francisco Clearing House where transactions were settled in the bond and stock markets. The backing was the private shares in companies. This was the Panic of 1907.

Here is another issued in 1908 in Augusta, Georgia. It was the Panic of 1907 that really we began to see widespread stock exchanges issuing money that began because if there was a shortage of cash, you could not conduct any business whatsoever since it was impossible to pay.

Here is the Chicago Clearing House which issued private money during the Great Depression in 1933. We find various stock exchanges issuing private currency in times when there was a shortage of money because people were hoarding their cash in times of uncertainty.

This was the very first Depression Scrip I ever saw and immediately purchased it. This opened the door in economics for me to understand how things function during a great crash. What took place during the Great Depression was that there was such a shortage of cash, over 200 cities began to issue their own currencies just to enable transactions to take place. Businesses could not hire people because there was no available cash to pay them

There are catalogs available in German concerning the NotGeld, private issues of currency, during the Hyperinflation of the 1920s. Once again, it does not matter what nation or culture. The same human response will unfold every time.

As the United States breaks up, as is the case in Europe, we will see currencies appears on a regional basis. This is how it will always work. I spent more than two decades investigating these trends and collecting scrip from all financial crises going back to ancient times. Without access to these examples, there is just no economic historical account that has ever tied all of this together. I had to explore this all on my own.

Feb 15 2023

The Real Debt Crisis is Here


Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Feb 14, 2023 by Martin Armstrong

QUESTION: Marty, Ever since the debacle in London with the long-term debt, there have been whispers in NYC about how the demand for long-term is drying up. When this becomes critical, is that when the whole thing comes crashing down?

KW

ANSWER: That was the real gist of Yellen’s speech back in October of 2022. Of course, the US press will never elaborate on this problem until it smacks them in the face. Yellen publicly admitted that the Treasury asked the primary dealers of US government debt for their views on the merits and limitations of a buyback program. The Treasury Borrowing Advisory Committee, made up of market participants, highly recommended considering the move because the demand for long-term was declining.

Yellen herself publicly acknowledged the decline in trading volume in 20-year bonds, which they reintroduced in 2020 thanks to COVID. Quoting from her direct comments:

“The 20-year Treasury is an area, an issue where there’s been less liquidity — but we haven”t made any decisions about it.” 

Even the Securities Industry and Financial Markets Association came out and publicly also stated last October that there had been episodes of illiquidity. This was the same problem that created the Crisis in the Long-term British gilt market.

Institutions do not want to buy the long-term in the face of (1) rising interest rates to fight inflation, and (2) unlimited handing of money to Ukraine that will NEVER come back for Ukraine is a black hole and reliable sources are deeply concerned that Ukraine will lose and exist no more.

The escalation in debt on the horizon with World War III is beyond the capacity of the Primary Dealers to buy.  They are strained now with the debt expansion for socialism, then Ukraine, and add War, this system is cracking NOW! The Primary Dealers cannot buy more debt than their balance sheets allow. The “whispers” running around have been on the street. The press has not articulated this for (1) it’s above their pay grade to comprehend, and (2) they cannot dare report the truth.

Feb 15 2023

Consumer Price Index Increases 0.5 in January, 6.4% Annual Inflation Rate


Posted originally on the CTH on February 14, 2023 | Sundance 

The Bureau of Labor and Statistics released the January consumer price index today [DATA HERE] reflecting what you already know.  The overall inflation rate stands at 6.4%, after the anniversaries of the first two waves of price increases have now tolled.

Inflation is the measure of price increases over time.  Following two years of massive jumps in price, we are now cycling through and comparing current prices to the previous period when prices had already skyrocketed.

This gives a false impression of price moderation (hindsight inflation); however, the price of goods and services is significantly higher, and those prices will not drop. The higher prices are now embedded in the economy.

After a brief respite, a plateau, in energy price increases over Nov (0.5%) and December (0.4%), the January energy prices began climbing again (0.6%).  This is what we have all noticed in the past three months.

Additionally, “shelter” costs, rent and housing, continue to increase in price (0.8%, January). Overall shelter costs now +7.9% for the 12 months preceding January, 2023, with rents up 8.6% for the period [Table-1].

We have also cycled through the anniversary of the first two waves of massive food price increases, ending January 2022.  Despite that cycle, food prices still show an increase of 10.1% for the preceding 12 months. Cereals +15.6%, dairy +14.0%.  These food price increases are on top of similar jumps in the period that preceded January ’22.  Most of these volatile food price increases are attributable to the overall scale of energy and transportation costs.  These prices will never reverse.

The issue is compounded because the inflation rate is still far exceeding the rate of wage growth.  This means workers and working families are going backwards and spending more than they earn for the exact same housing, food and energy products they were purchasing a year ago.

This wage squeeze means little to no disposable income, which then applies to the rest of the household checkbook economics.  With less disposable income, fewer non-essential products and/or services are purchased by working families.  This situation creates the snowball effect of lessened overall economic activity.

(Via CNBC) – […] Rising shelter costs accounted for about half the monthly increase, the Bureau of Labor Statistics said in the report. The component accounts for more than one-third of the index and rose 0.7% on the month and was up 7.9% from a year ago. The CPI had risen 0.1% in December.

Energy also was a significant contributor, up 2% and 8.7%, respectively, while food costs rose 0.5% and 10.1%, respectively.

Rising prices meant a loss in real pay for workers. Average hourly earnings fell 0.2% for the month and were down 1.8% from a year ago, according to a separate BLS report that adjusts wages for inflation.

While price increases had been abating in recent months, January’s data shows inflation is still a force in a U.S. economy in danger of slipping into recession this year. (read more)

According to the wage report: “from January 2022 to January 2023. The change in real average hourly earnings combined with an increase of 0.3 percent in the average workweek resulted in a 1.5-percent decrease in real average weekly earnings over this period.”  Workers are working longer hours, making slightly more pay, but the rate of inflation means their actual “real wages” are still dropping.

The way to break out of this cycle is to first unleash the U.S. energy sector and drive down the costs of oil, gasoline, diesel fuel, home heating oil, natural gas and electricity rates.  However, the entrenched nature of the climate change ideology, blocks the professional political class from providing the energy sector relief.  Both Democrats and Republicans want the Joe Biden “green new deal” energy policy.

FUBAR!

Feb 14 2023

The Collapse of the Monetary System – a Comedy of Errors


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Feb 14, 2023 by Martin Armstrong

QUESTION: Dear Martin
Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system?
Will there be differencies between countries like Germany and Switzerland for example? Especially regarding pension systems.
I asume, there might be big differences by countries.
Many thanks and best regards,
RZ

ANSWER: The collapse of the monetary system is the result of a comedy of errors. It boils down to the problem that governments since World War II have adopted Keynesian Economics whereby they took Keynes’ suggestion that they should run a deficit during a recession/depression to compensate for the fall in demand because people are hoarding their cash in times of uncertainty. The problem was that they merged that with Marxism and began to run deficits annually and then took the Quantity Theory of Money that claimed an increase in the money supply would be inflationary. So, they borrowed rather than printed falsely believing that they could spend whatever they wanted without it being inflationary.

However, because debt suddenly became collateral post-1971 when it had been illegal to use government bonds as collateral for borrowing, then the debt was transformed into money that now paid interest as it had begun during the American Civil War.

Thanks to the stupidity of locking down the economy for COVID, the escalation in national debts has been insane. This has added stress to the monetary system for you see, the entire government structure depends on being able to sell its debt. As the demand for their debt is declining when they look at this deliberate push for war and handing Ukraine unlimited amounts of money, the inability to sell the debt has increased their search for taxes – hence hiring 87,000 IRS agents armed!

The system is collapsing. They cannot continue to fund all the social programs under this system where the Primary Dealers are not large enough to continually buy government debt. That impacts everything from Pension to Life Insurance. Absolutely everything from investments to interest rates and taxation is all interconnected so we are looking at the end game of 2032. I believe Schwab has taken our forecast for the collapse of the monetary system and we will have a great reset with our opportunity to redesign government he is trying to take that event and push it to totalitarianism ending even our right to vote on anything. Of there will be a Great Rest, but not the way Schwab hopes it to unfold.

The only option is central banks must monetize the debt which defeats the entire purpose of borrowing that was supposed to be less inflationary, and then they must raise taxes dramatically to attempt to remain in power until they compel the people to rise up in revolution as is always the case. Almost every revolution in history has begun with taxation.

Remember the Biblical story where they show a denarius to Jesus complaining about Roman taxes? That is why this coin of Tiberius is known as the Tribute Penny – “Render unto Caesar the things that are Caesar’s and unto God the things that are God’s.” It always comes down to the abuse of power using taxation.

Feb 14 2023

US Tells Americans to Leave Russia ASAP!


Armstrong Economics Blog/Russia Re-Posted Feb 14, 2023 by Martin Armstrong

COMMENT: I am an American living in Moscow. We were just told that all Americans should leave Russia ASAP by the US embassy. I think all the governments are now looking at Socrates. Your name is even well known here in Moscow.  Maybe you have more influence than you realize.

anonymous

REPLY: Well, I have been interviewed on Russian TV several times. RT even asked me about our forecast that Ukraine would be the hot spot a year in advance and we predicted that this would be where WWIII would begin. It is the American press that refuses to cover any of our forecasts. Amazon and Netflix refused to show the movie the Forecaster in the United States. You can what it on Amazon only outside the USA. Then, we were selling the DVD on Amazon in the USA since they refused to stream it. Then that listing was “hacked” to shut that down. The only way to get the DVD is now to order it through our site. All of this just shows how desperate it has become in the United States to actually have a free society. I get a lot of requests for interviews outside the United States. Even the Forecaster Movie was funded by German TV. No American firm would dare produce a film that exposed the corruption in our Judicial system!

Look, EVERY intelligence service monitors our forecasts. Everyone knows this is a computer, not my personal opinion. Consequently, they want the cold hard facts and the timing. Are they acting because of our timing models? No. If they were, they would back off because our models also show the US will lose this one.

Historically, when such an advisory is issued, it is because of a conflict that is imminent. Beware in April/May. The Pi Target on Ukraine is April 26th, 2023. We are headed into a period in that only the computer can project timing with an objective attitude.