Ancient Fake News Still Dominates the Classroom


Armstrong Economics Blog/Ancient History Re-Posted Feb 16, 2022 by Martin Armstrong

COMMENT: Hi Martin,

Things have gotten so bad in governments around the world that I am starting to sympatise with Caligula who appointed his horse as a minister and staff member. A horse can not possibly be dumber than what we see operating as world rulers at this time.

Cheers,
L>

REPLY: You may not be so far off the mark. The story may not be true, but there was a tension where indeed Caligula (37-41AD) most likely felt his horse could do a better job than the contemptuous senators. Caligula is an interesting character who we are also told participated in incest with his three sisters. The problem with history is that the author is typically the victor. Nevertheless, there were still people who dreamed of restoring the Republic during his reign. The conspirators who murdered Caligula did not champion a replacement for Emperor. There were senators who were so unanimously determined to restore the Republic that the Consuls summoned the first assembly to the Capitol building rather than the Senate, which was named as the Julian Building after Julius Caesar. Many wanted all memory of the Caesars obliterated, and their temples destroyed.

We must actually put that story in its true context. Caligula’s comments concerning Proculus reveal this tension between those who still championed the Republic behind Caligula’s back. Thus, Incitatus, who was the horse of Emperor Caligula, was his favorite. We are told that Caligula loved him so much that he wanted to make him a consul (lawmaker) or at least a senator. The comment comes from the historian Suetonius (c. 69–122 AD) who wrote of Caligula:

To prevent Incitatus, his favorite horse, from being disturbed he always picketed the neighborhood with troops on the day before the races, ordering them to enforce absolute silence. Incitatus owned a marble stable, an ivory stall, purple blankets, and a jeweled collar; also a house, a team of slaves, and furniture – to provide suitable entertainment for guests whom Gaius invited in its name. It is said that he even planned to award Incitatus a consulship.

Later writers were keen to demonize Caligula, and he was hardly the most ‘balanced’ of emperors, so it is difficult to know whether he really meant it. Suetonius wrote, “The Lives of the Caesars” in 121 AD, some 80 years after Caligula was assassinated at age 28. On the contrary, there are earlier chroniclers who actually lived under Caligula, namely Seneca and Philo. Neither made any mention of this type of behavior despite their harsh criticism of the emperor. Even the historian Tacitus, during a lengthy diatribe against Caligula’s sister Agrippina, who became the wife of Emperor Claudius and mother of Nero, talks of her incest with her son but makes no mention of incest with Caligula.

So you see, fake news has been around for a very long time. Suetonius wrote “The Twelves Caesars” in 121 AD and dedicated it to his friend Gaius Septicius Clarus, who was a prefect of the Praetorian Guard in 119 AD. Curiously, perhaps he was inspired by the restoration of the coinage of the Twelve Caesars undertaken by Emperor Trajan.

This has always left a question in my mind given some of the slanderous comments in Suetonius’ text that he was perhaps trying to disparage the Twelve Caesars who were celebrated on the coinage by Emperor Trajan (98-117 AD). Was this his real motive?

The Fate of Canada Hangs in the Balance


Armstrong Economics Blog/Canada Re-Posted Feb 15, 2022 by Martin Armstrong

Trudeau has shown the entire world that he is unfit to be the leader of any pretend free democratic nation. He is invoking the Emergence Act not used for more than 50 years to cut off funding for truckers responsible for nationwide protests that have gridlocked the nation’s capital for weeks. But he may go further. Talk is circulating that he wants to cancel all paper currency to prevent bank withdrawals and to prevent people from handing cash to the Truckers.

NEVER before in history has there been such a justification to separate from Canada. Trudeau gets his orders from Schwab and the World Economic Forum. If he yields to the truckers, Schwab’s dream of dominating the world will start to come to an end. Trudeau is loyal to Schwab, not to his own people. While other nations are backing away from COVID restrictions and mandatory vaccines, Trudeau is trying to turn the screws even harder because this is not about COVID, it is about Schwab’s Agenda.

This is the end of the 3rd Wave. It is up to Canadians to seize the future they want to live under – freedom or tyranny. The burning question is will the Truckers now demand the separation from Ottawa altogether when they are clearly not represented by the federal government of Canada. The timing is correct. Let’s see the events from here on put. The idea target is April 18/19 which follows the Economic Confidence Model turning point of March 14th, 2022. We can see our Quarterly Projections on timed had shown a Double Directional Change in the first quarter of 2022. That appears to have been correct.

If Trudeau wants to show he is truly worthy of being the leader of Canada, produce the recording and transcript of all his telephone calls with Klaus Schwab. People would suddenly see who is really in charge of Canada and Trudeau is probably guilty of treason.

Prime Minister Justin Trudeau Refuses to Bring Emergency War Measures Act to Parliament for Authorization Vote


Posted Originally on the Conservative tree house on February 15, 2022 | Sundance | 216 Comments

Earlier today Conservative Party opposition leader Candice Bergen asked Prime Minister Justin Trudeau when he planned to bring his declaration of the Emergency Act before parliament for authorization.  The Canadian Prime Minister refused to answer the question.  WATCH:

Consider this prior position from Justin Trudeau circa 2012:  “When a government starts trying to cancel dissent or avoid dissent, is when it’s rapidly losing its moral authority to govern,” most Canadians would agree.

(LINK – To Put Him on Blast)

Neil Oliver Discusses the Totalitarian Response of Justin Trudeau, They Are Trying to Save Face


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 65 Comments

Neil Oliver gives his review of the stunning shift in Canadian politics, as Prime Minister Justin Trudeau introduces government totalitarianism through his invocation of the Emergency Act.

Oliver notes the similarity between Justin Trudeau, New Zealand Prime Minister Jacinda Ardern and French President Emmanuel Macron in their reactions to people demanding freedom from COVID mandates.  Good Discussion.  WATCH:

Another One, New York Rep Kathleen Rice Becomes 30th House Democrat Announcing She Will Not Seek Reelection


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 108 Comments

Representative Kathleen Rice holds New York’s 04 congressional district.  She announced today she will not be seeking reelection in 2022.  Rice becomes the 30th House Democrat to announce they will not seek reelection. [Casualty List Here] Her district was not being touched by the NY redistricting.  The Democrat Communists know a massive backlash is coming their way.

(New York) –  Rep. Kathleen Rice (N.Y.) said Tuesday that she would not seek reelection, becoming the 30th House Democrat to announce a planned exit from the chamber ahead of what could be bruising midterm elections for their party in November.

“As I turn to the next chapter of my own personal and professional story, I do so with profound thanks to the community leaders, colleagues and staff who have lived our shared commitment to service with courage and humility,” Rice, who has represented New York’s 4th Congressional District since 2015, said in a statement.

Rice, a former prosecutor and Nassau County district attorney, said she would continue to focus on “protecting our democracy and serving my constituents” for the remainder of her term.  She gave no indication as to what she might do next. (LINK)

Grind the Communists into pulp – make their lives miserable, and when the media asks why Republicans are being so rough, grind the Communists even harder.   Ridicule anyone who would stand up for them.  Cast the Communist Democrats into a fiery pit of irrelevance and keep pouring toxic lava upon them to keep them from climbing out.

Tow Truck Operators Who Do Not Comply With PM Trudeau Orders to Remove Protest Trucks Will Be Subject to Arrest


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 543 Comments

The New York Times is reporting, “Tow-truck operators, who have been reluctant to cooperate with the police, will also now be compelled to work with law enforcement agencies to clear Ottawa’s streets and the border crossings at Coutts, Alberta. If they don’t cooperate, they could face arrest.” (link)

Meanwhile, the pontificating pustule of sanctimonious pomposity, Canadian Prime Minister Justin Trudeau, is doubling down on his position that in order to save democracy in Canada his administration must first destroy it:

(link)

Additionally, the Ottawa Police Chief, Peter Sloly, has resigned amid severe criticism from the far-left communists in Canada, because he did not crack down hard enough on the people demanding freedom from oppressive COVID mandates.

[…] Peter Sloly’s resignation as Ottawa police chief, which was confirmed by the minister of public safety, came after Mr. Trudeau took the rare step of declaring a national public order emergency aimed at stopping protests that have roiled Canada for weeks. (link)

The Minister of Public Safety and COVID Compliance says that Ottawa streets will soon be rid of the pesky commoners who think they are entitled to protest the COVID rules.  Those who do not willingly comply will join those previously arrested in reeducation facilities and jails.

CANADA – Public Safety Minister Marco Mendicino sought to assure Ottawa residents Tuesday that the chaos in their city will soon end as local law enforcement, bolstered by the RCMP, works around the clock to restore order.

Empowered by the federal government’s move to invoke the Emergencies Act, police will soon establish “no-go” zones in the city’s downtown core to control unruly crowds associated with the anti-vaccine mandate convoy protest, the minister said. People who defy orders to leave, he added, will face fines or jail time, or both.

Mendicino said authorities will move with “great rapidity” to erect more concrete barriers and press private tow truck companies into removing the big rigs that have clogged Ottawa’s streets.

To starve protesters of the money that supports their activities, banks and financial institutions will stop the flow of funds to all convoy organizers, he said.  The government is also threatening to suspend corporate bank accounts and commercial licensing for truckers taking part in the convoy. (read more)

The Canadian government may indeed win the battle after they triggered the national Emergency War Measures Act.  However, all that has been seen cannot be unseen by a citizenry now witnessing the severity of their police state.  Prior to the freedom protest, the detention fences and government guard towers were invisible.  The rumors of their totalitarian state was scoffed at as conspiracy theory and ignored.

Now, the watchtowers are being seen by everyone… and many Canadians will sleep less comfortably knowing they are subject to the arbitrary whims of the dictators who have power and promised to confiscate their wealth for wrong-think.   Things will not return to ‘normal’ in Canada with so many realizing the state of their oppression.

The working class in Canada seem to be in an abusive relationship with their elected leaders.  These revelations cannot easily be ignored.

Let’s check the classic abuser checklist: 

Russian Military Drills Conclude, Troop Withdrawal Begins, White House Proclaims the Stunning Strength and Brilliant Strategic Thinking of Joe Biden Averted Thermonuclear War


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 361 Comments

The previously planned Russian training exercises [Announcement Here] have been completed in Belarus – close to neighboring Ukraine. Today those troops began returning to their places of regular deployment as reported by the Russian Ministry of Defense in Moscow.

As a result, the Biden manufactured ‘wag the dog‘ scenario, a fabricated ‘Russia invading Ukraine‘ premise by the White House, U.S. Dept of State, Pentagon and intelligence apparatus, needs to come to an end quickly.

After pretending that Russia was going to invade Ukraine in an effort to manufacture a political win out of thin air, Joe Biden will declare today he saved the world.

(New York Times) President Biden will speak on the Ukraine crisis at the White House this afternoon. Western analysts said it was too early to say if the announced troop movements were meaningful, but it might be a sign that Russia is stepping back from the threat of invasion.

President Vladimir V. Putin said Tuesday that Russia had decided “to partially pull back troops,” and the Russian Defense Ministry announced that some forces from military districts bordering Ukraine were being sent back to their garrisons, a sign that Moscow might be stepping away from the threat of an invasion.

The announcement was the strongest signal yet that Russia might be trying to de-escalate the military standoff near the Ukrainian border, but it was far from clear that the threat of war has passed. Military analysts warned that it was too early to make firm conclusions about any troop drawdown without more information. (read more)

Yesterday, Zero Hedge ran a CTH article detailing the fabricated ruse from the White House.  Today the AP said Zero Hedge was promoting propaganda from Russia.  Also today, White House has to pretend to take their victory lap early.  Go Figure.

Yes, you can thank me in the comments section for saving Ukraine from the United States CIA construct and averting war. [ LOL ] But seriously, that inflated sense of CTH importance is less silly than Biden’s claims today. That’s how stupid this entire thing has been.

Yes, the White House is exactly that desperate.

Standing Up


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 373 Comments

I support this “BIG PICTURE” sentiment and delivery.

… The battle has just begun.

January Wholesale PPI Inflation Doubles Economic Expectations, Diesel Fuel Jumps 9.4% in January Alone, 56.5% For Year


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 265 Comments

Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified.  The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected.

The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released January price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.

Check out the single month wholesale price increases in these categories [Table 2]Beef jumped 6.5% in January (43.9% for year). Gasoline jumped 1.9% in January, (53.9% for year).  Diesel fuel jumped 9.4% in January (56.5% for year). Cooking oil 4.7% in January (36.4% for year).  Home heating oil jumped 7.3% in January (47.4% for year).  Pasta jumped 3.0% in January (16.2% for year). Tires jumped 4.6% in January (9.0% for year). Wholesale cleaning supplies jumped 3.8% in January (34.9% for year).

Unfortunately, there is nothing upstream in the supply chain and manufacturing pipeline to suggest that higher prices at the retail level are not coming.  The price of raw materials, and the wholesale energy costs to process those materials into finished goods, are still rising.

[Modified Table-A to remove noise]

Exactly as we suspected last month, the temporary drop in gasoline was the only reason December producer inflation was not MUCH higher.  However, that said, the BLS did revise December PPI inflation slightly higher putting it at 9.8%.  The cumulative costs of energy price increases continue to drive inflation in the entire system of goods production.

Year-over-year PPI for November (7.0%), December (7.0%) and now January (6.9%), shows the overall inflation in the wholesale supply chain is structurally here to stay.  We can expect much higher prices at retail for the foreseeable future.

Keep in mind that these figures are backward looking.  In my estimation the massive price increases the bureau has just quantified in January and the preceding months is the end of the first wave of massive inflation that CTH warned about last October.

“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before.   Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses.   Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]

The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be quantified.  The second wave of retail inflation is only just beginning to arrive now and will extend throughout the spring/summer of 2022.

CNBC economic analyst Steve Liesman is struggling to reconcile the economic data from the last three months against his own prior claims that he could not/would not believe the economy and inflation were as bad as the BLS statistics reflect.   I do not like these elitist financial analysts who have zero connection to the Main Street economy.

Today, at the end of his remarks (very end of video below), showcasing just how disconnected these analysts are, Leisman shrugs off the massive inflation impact by saying consumers seem to be “taking it just fine.” WATCH:

No doofus, we are not taking it “just fine.”

At the end of these statistics are people really suffering and trying to figure out how to take care of their families when everything costs so much.  Working people who live paycheck to paycheck are being crushed by this Bidenflation, and most people are one small event away from a major checkbook crisis.   A broken car, a drop in hours worked, or an unexpected household expense can be extremely stressful right now.   No one is taking this “just fine“, regardless of how much we have prepared for it.

I do not like these analysts.

(Business Insider) – Producer prices in the U.S. jumped by much more than expected in the month of January, according to a report released by the Labor Department on Tuesday.

The Labor Department said its producer price index for final demand surged up by 1.0 percent in January after rising by an upwardly revised 0.4 percent in December.

Economists had expected producer prices to increase by 0.5 percent compared to the 0.2 percent uptick originally reported for the previous month.

The sharp increase in producer prices was partly due to a substantial rebound in energy prices, which spiked by 2.5 percent in January after tumbling by 1.7 percent in December.

Food prices also showed a significant rebound, jumping by 1.6 percent in January after dipping by 0.3 percent in the previous month. (more)

NYC falls into Pandemonium


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Feb 15, 2022 by Martin Armstrong

New York City is no longer a place to admire. A friend went to see a play and was constantly harassed to pull their mask up after every drink. He wrote that he has decided to move and never return. Another friend was there, saw a man being robbed at gunpoint across the street in broad daylight in what use to be safe downtown and he wrote, that was the last straw. He no longer feels safe raising his children in NYC.

Now Mayor Eric Adams, who apologized for calling white people crackers (referring to the sound of whips),  fired more than 1,400 government workers who refused to get vaccinated. This is a city that is crumbling rapidly before our eyes. He has fired police and Fire Department workers and over 900 teachers. In broad daylight, a group of thieves stormed Celine Boutique in Soho and walked out with nearly $50,000 in shoplifting. New York is descending into total pandemonium.