Posted originally on Jul 10, 2025 by Martin Armstrong
(Pam Bondi in February 2025)
Jeffrey Epstein carried out the most successful, deeply rooted blackmail operation in modern history. US intelligence agencies suddenly pivoted to say that Jeffrey Epstein never kept a client list, did not blackmail political figures, and was not murdered. Epstein’s case has been deemed a conspiracy by the deep state, but the truth of the matter is that his connection runs so deeply that unveiling the plethora of information he kept could topple governments.
Those familiar with my writings are aware of “The Club,” a group of powerful market manipulators who possess the financial means to create shadow governments. Robert Maxwell is Ghislaine Maxwell’s father with deep ties to Mossad. In an earlier post, I explained in detail Maxwell’s connection to the Club, Goldman Sachs, Lehman, Safra, and other major players. “The Plot to Seize Russia” also details his connections that tie into the deep state intelligence agencies. Epstein Island was far more than a pedophile ring.
(Pam Bondi in February 2025)
I believe Epstein was running one of the largest honeypot schemes in modern history. He likely offered two big services: one being the most detestable crime known to man, and the other being the service of blackmail. He used his money and connections to grow his successful operation and was protected by his powerful clients. The blackmail he compiled on countless elites is now in the hands of the US government.
Everyone visited Epstein Island on both sides of the aisle of government. I’d imagine the majority of major public figures would be on the Epstein list to some capacity. The FBI and CIA have been sitting on a mountain of evidence for years. Not a single person, besides Ghislaine Maxwell, has been arrested or prosecuted. Maxwell is serving a 20-year sentence for trafficking children to no one? We know of numerous high-profile members of Epstein’s inner circle already but they have neither been canceled or investigated. The government began deliberately releasing information incrementally to distract the public from bigger issues. These news stories reach every outlet GLOBALLY, but nothing ever comes of it.
The Trump Administration put on quite a show by handing out binders filled with alleged classified information on Epstein. “This material… is never going to be released. Never going to see the light of day,” AG Pam Bondi recently stated. Yet in February 2025, Bondi said that the new administration wanted the public to have transparency regarding the Epstein files. “It’s a new administration and everything is going to come out to the public,” further suggesting imminent disclosure of significant new information related to Epstein’s case. She clearly stated that there was, in fact, a client list that would be released to the public.
The US justice system acknowledged the crime when Maxwell was indicted in 2021:
The charges set forth herein ster fron the role of GHISLAINE MAXWELL, the defendant, in the sexual exploitation and abuse of multiple minor girl’s by Jeffrey Epstein. In particular, fron at least in or about 1994, up to and including at least in or about 2004, MAXWELL assisted, facilitated, and contributed to Jeffrey Epstein’s abuse of minor girls by, among other things, helping Epstein to recruit, groom, and ultimately abuse victims known to MAXWELL and Epstein to be under the age of 18. The victims were as young as 14 years old when they were groomed and abused by MAXWELL and Epstein, both of whom knew that certain victims were in fact under the age of 18.
As a part and in furtherance of their scheme to abuse minor victims, GHISLAINE MAXWELL, the defendant, and Jeffrey Epstein enticed and caused minor victims to travel to Epstein’s residences in different states, which MAXWELL knew and Intended would result in their grooming for and subjection to sexual abuse. Moreover, in an effort to conceal her crimes, MAXWELL repeatedly lied when questioned about her conduct, including in relation to some of the minor victims described herein, when providing testimony and under oath in 2016.
I am the ONLY person who can speak with any authoritative knowledge of 10 South – the “HOLE” where Jeffrey Epstein supposedly killed himself, which is a joke! When they were taking my lawyers away, they did not want them to talk to me. They amazingly put me in 10 South with all the terrorists, which is the MOST SECURE facility in New York City – PERIOD! They later said they had no idea how I got there. This is where the Feds love to torture people. Let me make a fundamental statement that nobody in the media talks about. They have a SPECIAL ROOM for people on suicide watch. Epstein was not in that cell. It has a large concrete bed with perhaps a 1-inch plastic mattress. Your hands and feet are tied, so you cannot harm yourself. I was in the hole there not on criminal charges or anything – but in civil contempt of court, thrown in with the terrorists from the World Trade Center attack – the 1st one. I was not in the suicide cell – you knew that was the ultimate torture chamber.
On July 25th, 2019, I warned that Epstein would NEVER be allowed to go to trial. They tried to kill me, but I survived after being in a coma for several days. This is what they do when they cannot take you to trial. Remember the torture they were doing in Abu Ghraib? The US pays professionals to learn how to torture. Guantanamo Bay would be an empty prison if they were guilty. They would put them on trial publicly and pump up the press and the prosecutors would become famous and then run for political office. Their best case was put on trial, and the jury found him innocent of over 200 charges and guilty of only one count of conspiracy.
Epstein would have been able to call everyone to the court as a witness. It would have been the most sensational trial in history. There was no way he would be allowed to go to trial. From inside sources on Capitol Hill, I was told they tried to release Guantanamo Bay prisoners quietly, but they were killed back home, assuming they were converted to CIA spies. They have been completely denied Due Process of law and anything that remotely resembles human rights. The entire video surveillance on Jeffrey Epstein that was released is not only fake, but there is a key minute missing. Then they claim that the two guards supervising the highest profile prisoner were asleep on the job. The guards were not punished because they cooperated.
Jeffrey Epstein DID NOT KILL HIMSELF.
Donald Trump’s sudden pivot on the Epstein case comes at the same time as Netanyahu’s visit–no surprise there. The US government may have seized the files from Epstein Island, but Epstein was working for Mossad, and they, too, have all the information. The ties are absolutely everywhere, and no one in the US government will ever allow the Epstein trial to see the light of day. So now the entire Epstein Island debacle has been classified as a conspiracy to protect the deep state. Confidence in government has been permanently undermined.
Posted originally on Jul 9, 2025 by Martin Armstrong
The Federal Reserve’s Survey of Consumer Expectations foresees inflation returning to “pre-tariff” levels. As I have mentioned, the rising costs were a mere price correction and not a permanent rise in inflation. Tariffs were NEVER the root cause of inflation.
The central bank predicts that inflation will read 3% in 13 months, which would be the same level of inflation—at least by the Fed’s calculations—since Trump entered the White House. The Fed was stating that prices would rise 3.6% back in March and April when the tariffs were announced. They blamed the Smoot-Hawley Tariff for the Great Depression, just like they’re now blaming Trump’s tariffs for inflation. It’s a political narrative.
Central bank members see inflation remaining unchanged over the next three to five years at 3% and 2.6% respectively. However, members see prices increasing in food (5.5%), medical (9.3%), gas (4.2%), rent (9.1%), and college tuition (9.1%). There is a plethora of factors leading to inflation in the aforementioned categories, none of which have any relation to tariffs.
Prices have simply not returned to what they once were before the global economy came to a standstill during COVID. Every nation has been affected. The lockdowns and supply chain cracks were exacerbated by a massive increase of government spending. Then the government doubled down on green policies, causing energy prices to rise, and lit the situation ablaze amid the Ukraine war and Russian sanctions. The world was already amid a sovereign debt crisis before COVID, and in fact, the Economic Confidence Model clearly stated that the landscape would permanently change after the Big Bang target of October 1, 2015 (2015.75)—the peak in government confidence.
2015.75 was the beginning of the decline we are witnessing in sovereign bonds globally. The migrant crisis began in 2015 when former German Chancellor Angela Merkel invited Syrian refugees to Europe, leading other Build Back Better nations to follow suit in the years since. Anti-establishment sentiment was already on the rise when Trump first secured the presidency the following year in 2016.
Trump was not the cause, he was the symptom. The people lost faith in the establishment starting in 2015.75 and this is part of the global shift predicted precisely by the system. The Fed thinks inflation is a monetary issue. We are in a sovereign debt crisis, a confidence crisis, and a geopolitical storm and not a normal business cycle.
Posted originally on CTH on July 8, 2025 | Sundance
They are not really good at this.
According to Fox News, “two sources described the FBI’s view of the duo’s interactions as a “conspiracy,” which could open up a wide range of potential prosecutorial options.”
(VIA FOX NEWS) – Former CIA Director John Brennan and former FBI Director James Comey are under criminal investigation for potential wrongdoing related to the Trump–Russia probe, including allegedly making false statements to Congress, Justice Department sources told Fox News Digital.
CIA Director John Ratcliffe referred evidence of wrongdoing by Brennan to FBI Director Kash Patel for potential prosecution, DOJ sources told Fox News Digital.
The sources said that the referral was received and told Fox News Digital that a criminal investigation into Brennan was opened and is underway. DOJ sources declined to provide further details. It is unclear, at this point, if the investigation spans beyond his alleged false statements to Congress.
As for Comey, DOJ sources told Fox News Digital that an investigation into the former director is underway, but could not share details of what specifically is being probed.
The full scope of the criminal investigations into Brennan and Comey is unclear, but two sources described the FBI’s view of the duo’s interactions as a “conspiracy,” which could open up a wide range of potential prosecutorial options. The FBI and CIA declined to comment. (read more)
Posted originally on Jul 8, 2025 by Martin Armstrong
I have written about how Rome fell, and just by mapping the population of Rome, you can see the fate of many current nations and states operating under poor fiscal policies – people sell and just leave. It is different this time because, under socialism, the government has become abusive. When it came to integration, they sought to implement it by sheer force.
You can’t legislate the poor into prosperity by legislating the wealthy out of prosperity. Jobs are created by the wealthy who become wealthy because of their innovative vision – i.e., Henry Ford, Bill Gates, Steve Jobs, and so on. Henry Ford’s vision created the auto industry. Bill Gates, in bringing DOS to life, created the personal computer industry, as did Steve Jobs. How much employment did just those three men create? Far more than government.
Government creates nothing to advance society or to increase GDP in any positive manner. It is a natural human response not to pay taxes and this is why taxes have been the number one reason for civil war and revolution. It is always resentful to pay taxes, whereas giving money to help someone is rewarding. Taxes tend to support politicians and their pensions. If they must sell some assets to take a government job, it is tax-free. Few leave government without growing their net worth far beyond what one could typically earn through income or investments.
The great welfare state has produced a large segment of fraud and kept many people down since they would rather be taken care of than work to take care of themselves. Even in prison, many people are sentenced to 10 or 20 years, and the first thing they do is commit a crime to get back in, where they do not have to pay taxes, and they are taken care of. You destroy people’s lives for such a long period for non-violent crimes, and then expect them to have a fulfilling life thereafter?
In the United States, we have witnessed a significant shift in the population since the COVID-19 pandemic. People are continuing to flee authoritarian states with high taxes like California, New Jersey, and New York in favor of financially friendly states like Arizona, Texas, and Florida.
New Zealand once had a program where if a woman was pregnant and she had no idea who the father was, the government provided everything right down to a free home. They ended up with the highest percentage of women who had no idea who the father of their child was. Naturally, they did know the identity of the biological father, and he would jump out the back window when the social worker visited. They got everything for free then.
Any of these types of programs employ a divide-and-conquer strategy. The government cannot give to anybody anything that the government doesn’t first take from somebody else. When you reach a state where 50% of the people depend upon the other 50% to pay their bills, you end up with class warfare and bitterness. This is the cycle where civilization rises, peaks, and then crashes when government becomes the enemy of the people.
Posted originally on Jul 8, 2025 by Martin Armstrong
Banking has existed from the earliest of times and has taken many forms, from safe deposit storage, money changers, merchants with the ability to move money internationally, to money lenders. Some people wrongly assume that they can eliminate the business cycle by eliminating fractional banking. They assume that it will be possible to match lenders and borrowers to maturity contracts. They do not comprehend that this is the line of thinking that always leads to authoritarianism, all the way to communism.
The problem that will emerge from matching lenders and borrowers to a maturity contract is that the boom-bust cycle will still exist. There will always be the perpetual rise and fall in asset values caused by other factors (including human nature), not least of which will be changes in technology, civil unrest, and war that can alter capital flows. History offers a catalogue of solutions. All we need to test such an idea is to open the books.
People assume the cause of the business cycle is the fractional banking issue, as if that were eliminated, then you would flat-line the business cycle, creating utopia. Be very careful. This was the goal of Karl Marx as well. So the starting point is a basic question. Has fractional banking always existed? NO! Since the answer is no, then did the boom and bust cycle in banking exist even without fractional banking? The stark answer – YES.
In ancient times, financial panics also occurred without fractional banking. In Athens during 354BC, people borrowed money from the Temple unbeknownst to everyone else. They were speculating in real estate. The real estate market collapsed without fractional banking, and then it was exposed that the money was borrowed behind the curtain, so to speak, from the temple. Corrupt priests had all this money donated to Athena. She obviously was very frugal since she never seemed to go on a spending spree to buy shoes, owls, or spears. She wore a helmet so she didn’t need a hairdresser. So the priests could keep their hands out of the treasury. Oops – they were caught lending it out to their buddies for spare change. There was no fractional banking involved. They had the money and lent it to their buddies. The assets collapse because, as always, the mood of people changes with the seasons.
Fast forward to the 17th century, and we find the very same scheme played out by politicians. There was the collapse of Wisselbank in Amsterdam, where people had deposited their money and assumed the bank was strictly a safekeeping facility. They offered no loans and paid no interest. Little did they know, the government was using their deposits to fund its own trading.
The Wisselbank was founded in 1609. Upon first opening an account, a depositor paid a fee of ten guilders, three guilders, and three stuivers for each additional account. Two stuivers were paid for each transaction, except those of less than three hundred guilders, for which six stuivers were paid, in order to discourage the multiplicity of small transactions. A person who neglected to balance his account twice in the year forfeited 25 guilders. A person who ordered a transfer for more than what was upon his account, was obliged to pay three per cent for the sum overdrawn. The bank made further profit by selling foreign coin and bullion, which fell to it by the expiration of receipts, and by selling bank money at five percent and buying it at four percent. These sources of revenue were more than enough to pay for the wages of bank officers and defray the expense of management. (Adam Smith)
In 1602, the United East India Company (VOC) was formed from six trading companies in the Netherlands and granted a trade monopoly over the Indies. The bank was administered by a committee of city government officials concerned to keep its affairs secret. It initially operated on a deposit-only basis, but by 1657, it was allowing depositors to overdraw their accounts, and lending large sums to the Municipality of Amsterdam and the United East Indies Company (Dutch East India Company). Initially, this was kept confidential, but it had become public knowledge by 1790. The City of Amsterdam took over direct control in 1791 as a bailout, before finally closing it in 1819.
There is plenty of history of banking BEFORE fractional banking. Sorry, but that did not stop banking panics nor did it stop the business cycle with the boom and bust events. The Tulip Bubble was not leveraged with fractional banking. No matter what, the boom and bust cycle is driven by human nature. We do have a tendency to change our minds about everything from fashion to money.
The idea of matching lenders and borrowers sounds appealing. However, that will not eliminate the cycle. I can find no instance of such a flat line except during a Dark Age where there was no banking, private ownership, or any real economy. Coinage during the period is rare and is typically confined to the region where it was struck, demonstrating the lack of an economy or circulation due to trade.
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