Tag Archives: Free Market

Jun 30 2016

The European Elitist Dream – the Superstate as it is becoming known


Armstrong Economic Blog

Re-Posted Jun 30, 2016 by Martin Armstrong

Superstate Page One

QUESTION: There are now stories appearing about this nine-page document calling it and ultimatum for a superstate. But they are not publishing the document. Since you may have been first to report this, do you have the document?

Thatcher-Federal EuropeANSWER: Yes. Please note. This is a radical proposal that sees the “European Project” (EU) with one government and the annihilation of individual state identity as the end goal from the very outset.

This is not some conspiracy theory. As far back as 1990, Margaret Thatcher opposed the euro project because she KNEW that was just the start and that the end goal has always been to federalize Europe into this single “superstate” people are now finally starting to call it.

This is a major UNCERTAINTY which lies ahead. It is the EU government becoming desperate that their dream will be lost. They cannot understand that the very path they have chosen is hell bent upon creating European Civil War by attempting to force this one government fits all ideal.

Jun 30 2016

Hillary’s Questionable Past


Armstrong Economics Blog

Posted Jun 30, 2016 by Martin Armstrong

Hillary Whitewater Time Cover

QUESTION: I found your article on Hillary email scandal very informative. So you are saying that the financial scandals were all Hillary, not Bill?

ANSWER: Correct. The Whitewater scandal was Hillary, not Bill. Bill was into sex, but Hillary was the dominant money grabber. She was the first, first lady to be involved in the corruption scandals. The email scandal is just showing her tendency to hide her shenanigans. There were a number of Time Magazine articles regarding her involvement in Whitewater back in 1994. On March 21, 1994, George Church from Time Magazine wrote, “Whitewater also involves the First Lady; one would have to look very long through the mountain of Watergate clippings before coming across even a glancing mention of Pat Nixon.”

Just look at this email scandal. Bill Clinton said he has maybe sent two emails in his life. Hillary deleted more than 30,000 emails calls them “personal” and before she knew Bill had publicly denied using email, she claimed that more than 30,000 “contain[ed] personal communications from my husband and me” (see Telegraph March 10, 2015). So why is the American Press not all over her for this? Guess they are bought and paid for as well.

Jun 30 2016

The Pound & Euro For Month-End


Armstrong Economics Blog

Re-Posted Jun 30, 2016 by Martin Armstrong

IBEUUS-M 6-30-2016

We can see that the green uptrend line has been penetrated previously on this decline. Nevertheless, the euro is unable to rally beyond that 116 level where it elected the Yearly Bearish Reversal at year-end. So people have been impatient and always expect instantaneous moves despite the fact we warned the euro had to go back to retest the 116 level since it closed 2015 at 10869. We saw that rally but it was like watching paint dry. The markets have been extending this crisis because we are dealing with a very critical long-term event which may result in economy chaos globally by 2018. The retest of the 116 level stopped at 11616 during the week of May 2nd, which was 23 weeks from the lowest close the week of November 23rd, 2015. From this May high, the euro has elected two Weekly Bearish Reversals and now we have 10790 and 10705, You will see this is tends to be supported technically for that uptrend line lies at 10750. There is some additional technical support at the 10600 area. Nonetheless, we also have a Monthly Bearish at 10710. From a technical perspective, a closing below the May low of 11098 will be very bearish. AT the time of this posting, the euro is trading at 11104.

IBBPVA-M 6-30-2016

For all the yelling and finger pointing at the Brits and the politicians say look at the pound and that proves the “leave” camp was wrong, what they fail to grasp here is because Britain has its own currency, the pressure is funneled into the pound whereas the crisis takes shape in Europe by causing the peripheral bonds to decline and rates to rise in the open market. True, we have a Weekly Bearish Reversal at 13228. On the monthly level, all Bullish Reversals are above the 150 level. Our Monthly Bearish to watch is 13660 and with the pound trading at the time of this post at 13431, this remains a key resistance point. The pound did penetrated the 2009 low of 13508. Despite that 2009 collapse, the Monthly Bearish was 13680 back then which held confirming the temporary low was in place. This means we have 13660 and 13680 coming into play today. Indeed, the 13680 is also a Quarterly Bearish along with 13970. Therefore, if these are elected today, this means long-term we are looking at a retest of the 1985 low which many people though just a few months ago was a totally crazy forecast.

IBBPVA-Q 6-30-2016

Nevertheless, a pound closing today below 13660 will warn that the long-term is in motion. We should see the retest of the 1985 level near par and slightly break it as soon as 2018. Even the oscillator on the quarterly level has plenty of room for such a decline.

Jun 29 2016

Trade Deals and Fig Newtons…


I’ll tell for fact this Fig Newton analogy is not overstated and in fact its much worse when all the associated capital flows are also analyzed. If something isn’t done and very quickly there will no longer be a United States; I have been studying this issue in dept since the mid ’90s and no one until now cared. The question is, is it too late to fix?

Jun 29 2016

A 27-Year-Old Londoner Explains Their Brexit Vote…


The only reason to have immigration is because you need more people to work at building your country: however if those you bring in do not have the same values that exist in that country then the form of government MUST change to accommodate them if they become a large percentage of that country.

This principle was explained by a French philosopher Montesquieu in his 1748 book Spirit of the laws. The only way to prevent this is to only bring in emigrants at a rate that allows them in assimilate into the existing culture. The EU and America are allowing them in at a rate faster then they can be assimilated which is what the political class wants for that allows them to change the form of government which was the reason they are bringing in so many. This has nothing to do with race it is based on the culture of the emigrants e.g. if we replaced all the Anglo Saxon Americans with Hispanics from South America than the government would have to be changed to that of what is in those countries. This must be true because that is what those people are use to.

Whether this is good or bad is not relevant it is only what will happen since that is what those people are use to in they are not assimilated.

Jun 29 2016

Paul Nehlen Money Bomb Fundraiser…


I would really be nice if all of them were taken down but Ryan in particular should be voted out!

Jun 29 2016

Chairman Trey Gowdy and Select Benghazi Committee Press Conference…


As a former military officer in Special Operations familiar with the planning of operations I can tell you with 100% certainty that the state there were no assets “Close Enough” to be of assets is 100% BS. There are two reasons for the the most important one was the no one knew how long the battle would last. Number two is the military has rapid action forces stationed all over the world ready to go on a moments notice. The fact that no assets were sent means that Washington didn’t want them sent for even if they didn’t get there till it was over the attempt would have been made. Since no one in Washington knew how long the battle would last and they still did nothing it was strictly a politic decision to protect Obama and Hillary for their incompetence. Unfortunately we now have a military that we can no long trust as it is now only an extension of the Presidents personal servants. This is not the military i was in!

Jun 29 2016

The Rising Trend of Anti-Establishment and Civil Unrest


Armstrong Economics Blog

Re-Posted Jun 29, 2016 by Martin Armstrong

Military Exercises Civil Unrest

QUESTION: Mr. Armstrong; Your model on civil unrest and war seem to be rather amazing. The anti-establishment feeling is rising quite strong. Not sure what’s going on with Trump. It looks like the Republicans are still trying to prevent him from being the candidate. All the money is going to Hillary. Government is becoming very aggressive. It seems their police and military will turn against the people. Do you have anything showing this?

ANSWER: Every single government agency is arming itself. Even the IRS has AR-15 military-style rifles, and domestic agencies are armed to the teeth. In America, there are more domestic agents armed with weapons than there are Marines. There are more than 200,000 non-Defense Department federal officers authorized to make arrests and carry firearms. The federal government has tripled the number of agents carrying weapons to defend the government in the past 20 years. They know what is coming. They know the socialistic system they constructed is collapsing. Instead of reform, they are digging in their heels, prepared to plow down any domestic uprising. They have been staging military-like drills in U.S. cities against civil unrest. Obama imposed a “litmus test” on military leaders to ask if they would shoot civilians.

On the evening of Monday, August 18, 2014, the U.S. Army commenced military exercises in Minneapolis and St. Paul, Minnesota. MH-60 variant Black Hawk helicopters buzzed through the downtown and residential areas of the two Midwestern cities, as reported by CBS local news. This shocking event was actually a repeat of the August 2012 exercises we previously reported. The U.S. Special Operations Command conducted exercises until the beginning of September along with police from Minneapolis and St. Paul using helicopters, including Black Hawks.

They know what is coming. The establishment by no means wants to see Trump in the White House. His is not one of them and they fear he will side with the people and reform government, right down to the pervasive nepotism. We are in a battle with very high stakes.

Jun 29 2016

Hillary – Has She Compromised the Country?


Armstrong Economics Blog

Re-Posted Jun 29, 2016 by Martin Armstrong

Hillary-Putin

There is a very serious issue that is starting to rise behind the curtain. Obama is coming out blasting Trump as part of some Global Elitist group which does not exist other than those in Obama’s camp to subordinate the people to government. Indeed, it was Obama who played the role of political elitist interfering in Britain quite disgracefully telling the Brits to get to “the back of the queue” when it is Britain who is America’s strongest and oldest ally. If that was not a global elitist attempt to end democracy in Europe telling Britain to surrender its sovereignty to Brussels the equivalent of the US surrendering its sovereignty to the United Nations, then nothing is.

To the contrary, Vladimir Putin maintained his silence throughout the whole BREXIT campaign. The question this all brings up is Hillary’s emails.  Putin will not release the emails for it is his secret weapon to control Washington. There are emails involving Obama to Hillary at her private server confirming he knew what she was up to. He also was aware she set up her foundation and that the very countries she approved arms deals for donated to he foundation. Then Obama knew she sold a position on the International Security Advisory Board to a commodities hedge fund trader Raj Fernando who also donated to her foundation when he had no experience or security clearance. Then to hide everything, Obama stood by and did nothing about any of this right down to the fact the Hillary also refused to appoint anyone to the office of Inspector General to monitor the State Department  to prevent anyone snooping around so she could hide her corruption.

2-forcesNow the concern rising is that Putin has the evidence. Instead of releasing it all, He has just let them know he has the goods. That means Putin can now control Hillary and Obama.  The fact that Putin has Hillary’s emails may be the reason he suddenly pulled out of Syria for he does not need the confrontation. He can topple Hillary at any time. Vladimir Putin’s announcement that Russia will begin pulling out of Syria appeared to take the White House totally by surprise, and revived concerns that the Russian leader was outmaneuvering Barack Obama. The reason may center around Hillary’s emails.

Only with hindsight, history may be written that this is how the fall of the United States unfolds at the hands of corrupt Hillary. It is entirely possible that Hillary’s personal greed and corruption has compromised Western culture entirely.

Jun 29 2016

The Three Faces of Inflation – When is Real – Real?


Armstrong Economics Blog

Re-Posted Jun 29, 2016 by Martin Armstrong

3FACESn of Inflation

QUESTION:

Hi Marty,
Will future rate hikes from the Fed cause banks to move more money out of the Fed and into the commercial banking system, creating inflation?
Thanks Jack

Fed Excess ReservesANSWER: No. Future inflation will not be demand driven, but asset driven. Retail participation, both in the States and from Europe, in the US share market is at historic lows. This is why the market cannot crash. Where’s the bubble? As long as the Fed continues this crazy policy of accommodating the bankers by paying for excess reserve deposits, banks will continue to hoard. The rate was 0.25% and the Fed raised the rate to 0.5%. This is really stupid. It is why there has been no inflation from Quantitative Easing.

All of these gurus assumed that the Fed’s balance sheet would cause huge inflation because they just read headlines and do not comprehend how the system really works. Their assumption was that all this money would spark inflation, which they only see, and the 1970s demand inflation into 1980. The money never made it to the people. The bankers were paid to HOARD that cash, which shows that the Fed is really insane.

If the Fed honestly wants to “stimulate,” it should eliminate paying interest on excess reserves. Then the banks will take that money and have to earn something the good old fashion way – by lending it out. That is the only way you can see “demand” inflation. Otherwise, we are looking at asset inflation to protect money value instead of inflation spiraling out of consumer demand.

Currency inflation is when the currency declines so the assets rise in proportion. This is not actually a gain in real terms; rather it is how tangible assets act as a hedge against government. You will often hear gold will soar to $10,000. The question would be that type of rally would be profitless. Your monthly rent on a condo would probably be $10,000. Everything is relative.