Tag Archives: George Soros

Apr 21 2022

Fannie Mae Forecasts “Modest Recession” in 2023


Armstrong Economics Blog/Economics Re-Posted Apr 21, 2022 by Martin Armstrong

Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s hawkish direction to curb inflation has led the agency to believe that a “soft landing” for the US economy is unlikely.

“With the most recent inflation readings at levels not seen since the early 1980s and wage growth exceeding that which is consistent with a 2-percent inflation objective, we believe the odds of a soft landing are even lower. Returning to the Fed’s policy target, therefore, likely necessitates economic growth slowing sufficiently to lead to a rise in the unemployment rate, which would cool wage and price pressures.”

Naturally, they see mortgage rates rising. Home sales for 2022 are now predicted to decline 7.4% compared to their initial forecast of 4.1%, while sales in 2023 are expected to decrease by 9.7% (initial projection: 2.7% decline). Adjusted for inflation, Fannie Mae sees house price growth approaching 0% by the end of next year.

Mortgage credit is not a factor as it was during the Great Recession and the checks and balances are in place after the 2008 scare. New construction is also expected to help with the “eventual recovery” as there is a lower inventory relative to demographic demand. Mortgage rates are now hovering around 5% after rising 1.95 percentage points since the December low. A similar spike in mortgage rates occurred in 2013 and 2018 and led to a downturn in home sales.

Interestingly, Fannie Mae has specified that the coming “modest recession” is “COVID-driven” and even admitted that the business cycle is at play:

“We have previously posited that the current business cycle would likely be shorter than those of the past few decades. GDP growth surged in 2021 after the relaxation of many COVID restrictions – also supported by historic income transfers and monetary policy easing – which led to a swift recovery but also planted the seeds of inflation. Therefore, despite only two years having passed since the COVID-driven recession of 2020, the economy has already moved into what could be described as the mature stage of the business cycle. Specifically, the unemployment rate is below the “full employment” level, inflation is accelerating as growth slows, and the Federal Reserve is beginning to tighten policy. These conditions typically mark the beginning of the end of an economic expansion.”

Apr 21 2022

Global Digital Identity of Persons and Objects


Armstrong Economics Blog/AI Computers Re-Posted Apr 21, 2022 by Martin Armstrong

The World Trade Organization (WTO) and World Economic Forum (WEF) recently published a report that encourages the use of a global digital identity program for persons and objects. The report centers on global trade but is the first step toward introducing global AI tracking. Under the guise of COVID, the two organizations claim that trade can be streamlined with their TradeTech technology.

Their recent report, “The Promise of TradeTech: Policy Approaches to Harness Trade Digitalization,” states their next goal:

“End-to-end trade digitalization requires a global approach to digital identities of natural and legal persons as well as of physical and digital objects sending or receiving electronic information to avoid creating digital identity silos.”

The only reason to trace persons as if they were objects is control. They first attempted to control the masses using the pretense of a pandemic to implement digital vaccine passports, but now they need stronger backing. Schwab’s Great Reset infiltrated governments globally, and they are indeed making decisions to smolder the world economy — Bring Back Better.

Now that the global economy is on the decline, these organizations promise to improve the living standard with the caveat of accepting their version of Utopia and agreeing to be tracked as an object

Apr 21 2022

Does Zuckerberg Belong in Prison?


Armstrong Economics Blog/Corruption Re-Posted Apr 21, 2022 by Martin Armstrong

We cannot even donate $10,000 to a political candidate, but if you are Mark Zuckerberg, you can help to manipulate elections. He was able to prevent the break up of his company by pouring hundreds of millions into the election and then blamed Russia for buying advertisements on Facebook during the 2016 election. Mark Zuckerberg dumped more than $400 million into manipulating the 2020 presidential election where the money was typically funneled by Democratic operatives. These were often areas where there was voter canvassing in the get-out-the-vote effort for Biden.

The deep concern here is that the DOJ will NOT investigate Zuckerberg but when the Republicans get back in, Zuckerberg could find himself in prison for interfering in the election where the districts targeted were far too often voting in excess of the normal trend. It has been acknowledged already that private funds were distributed on a truly historical level. I, for one, will NEVER advertise anything on Facebook.

When a public company allows itself to be a political activist, which ONLY reflects the decisions of the board, as Disney is doing in its feud with Florida, then this is an abuse of its fiduciary duty to shareholders when the company is being usurped for personal political agendas. Another one is Salesforce pushing Schwab’s Great Reset.

These companies are violating the very principle of shareholder investment. If I went public and then used company money and policy for a personal objective or gain, that is considered fraud. Merely the fact that such an objective is politics makes no difference – it is using corporate funds for personal gain.

Apr 21 2022

German Govt Release Inflation Data, Hyper Production Inflation Surpasses 30 Percent, Highest Rate Since 1949


Posted originally on the conservative tree house on April 20, 2022 | Sundance

The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories.  [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.

The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year.   However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns.  The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.

Germany is the largest economy in the European Union.  This level of inflation within Germany has major ramifications.

First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products.  There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient.  Germany is dependent on Russian energy.

Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance.   In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness.   The U.S. proxy war against Russia does not benefit Germany, at all.

Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday.  Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation.  This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.

If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden.  Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.

With countries like Germany needing to back away, it becomes harder for the Biden administration to retain the false front around NATO as a justification for their intervention and money laundering operations.

Additionally, if the French election goes to Le Pen on Sunday, well, katybar the door – because it’s complete and total game over…. Ukraine will be cut loose and someone from the CIA will assassinate Zelenskyy on the way out, leaving a note on the nightstand that says, “Putin did it.”

GERMANY – German annual producer price inflation topped 30% in March, the country’s Federal Statistics Office said on Wednesday. That’s its highest level since the agency began collecting data 73 years ago.

The biggest culprit? Energy prices, which rose nearly 84% from the same month last year. “Mainly responsible for the high rise of energy prices were the strong price increases of natural gas… which was [up] 144.8% on March 2021,” the statistics office said in a statement.

It is one of first signs of the huge impact Russia’s invasion of Ukraine is having on the German economy, Europe’s biggest. Producer prices rose by nearly 5% between February and March alone.

Consumers should brace themselves. Factory gate inflation feeds into retail prices, and shoppers can expect to spend more on everything from furniture to meat, according to Wednesday’s figures.

German consumer price inflation is already at a 41-year high, hitting 7.3% last month. Energy prices were the main contributor, up almost 40% from the previous month.  (read more)

Apr 20 2022

Tucker Carlson Outlines the Washington Post Intimidation Campaign Against Social Media Account, Libs of TikTok


Posted originally on the conservative tree house on April 20, 2022 | sundance 

On his evening broadcast, Fox News host Tucker Carlson outlined the left-wing collective effort to target and intimidate the social media account LibsofTikTok.   WATCH:

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SIDEBAR – A few weeks ago I accidentally ended one Sunday morning at a fascinating Glenn Greenwald article giving a deep dive around the Washington Post “reporter” Taylor Lorenz, who is at the center of this story.  READ IT HERE  As an outcome of that Greenwald article, I traveled though the internets to find a fascinating YouTube expose’ on the same Taylor Lorenz.  WATCH IT HERE

You’ll never get the time in your life back that it takes to see the fulsome picture of how 49-year-old Taylor Lorenz operates.  However, the background of her insane ideological effort is quite remarkable.   If you are ever bored, or perhaps laid up with a broken leg and looking for something to take your mind off the situation, check out the Greenwald article and complimentary video.  This Taylor Lorenz character is seriously disturbed.

Libs of TikTok creator discusses how WaPo reporter Taylor Lorenz published her identity and how it has impacted her and her family’s lives on ‘Tucker Carlson Tonight.”

Apr 20 2022

Biden Distributing Another $800 Million to Ukraine, Still Nothing for U.S. Border Crisis


Posted originally on the conservative tree house on April 19, 2022 | sundance 

According to multiple media outlets [CNN here – Reuters here] Joe Biden is sending another $800 million in weapons to Ukraine.  This is the third delivery of U.S. military hardware bringing the total weapons deliveries to $3.4 billion since late February.  Congress has allocated $14 billion for the laundry operation, which *may* include authorization for much of this current distribution.

In the last several days the Russian military have been posting on their ground reports, about the capture of many millions in U.S. weapons as the Russian army moves more forcefully and methodically to secure the Eastern Ukraine Donbas region.

While western media talks about an ongoing battle for the Russia-Ukraine city of Mariupol, the reality is the remaining Ukraine regiment in the city is now located in a steel factory where they took civilians to provide cover.  The Russians have given them a deadline to surrender.

At this point Mariupol is a western media talking point, a created Alamo narrative, about to disappear.

(VIA CNN) – The US is prepping another $800 million military assistance package for Ukraine, according to three senior administration officials and two sources familiar with the planning.

Details of the latest package are still being privately discussed and could change, but earlier Tuesday, President Joe Biden said the US plans to send more artillery to Ukraine.

Upon arrival in Portsmouth, New Hampshire, Biden was asked by reporters on the tarmac if he plans to send more artillery to Ukraine. Biden told reporters, “Yes,” before boarding his motorcade. (read more)

The logistic problem for the NATO alliance (mostly being run by covert – not so covert – U.S. forces on the ground in Ukraine) is how to get heavy weapons from Western Ukraine to the battleground in Eastern Ukraine, without having them intercepted or destroyed by Russian air forces en route.

The Russians are essentially playing whac-a-mole with U.S. weapons convoys along the route.

Apr 20 2022

DOJ Says It Will Appeal Court Decision to Overturn the Federal Transportation Mask Mandate, if the CDC Asks Them to


Posted originally on the conservative tree house on April 19, 2022 | sundance 

On one hand, Joe Biden needs to appease the base of his Covidians who identify themselves through the prism of COVID. On the other hand, the overwhelming majority of Americans are done with the COVID fear mongering.  What to do, what to do?

Trying to split the baby, Biden’s DOJ announces [SEE HERE] it will appeal the federal court ruling that overturned the federal Transporation covid mask mandate, but only if the CDC tells them to.

DOJ PRESS RELEASE – […] “The Department of Justice and the Centers for Disease Control and Prevention (CDC) disagree with the district court’s decision and will appeal, subject to CDC’s conclusion that the order remains necessary for public health.”

“If CDC concludes that a mandatory order remains necessary for the public’s health after that assessment, the Department of Justice will appeal the district court’s decision.” (link)

Keep in mind, the federal court ruling specifically centered around the arbitrary nature of the original mandate, which exceeded the scope of CDC legal authority, compounded by the CDC breaking its own rules for public feedback in the implementation.

The mandate created by Joe Biden did not have legal structure.  It was a dictatorial fiat that exceeded the capacity of the executive branch to create.

Congress could easily write a law authorizing mechanisms for the CDC and TSA to use in enforcement of a federal Transportation mask mandate; but they won’t – because the public would never support it.  So now, a political DOJ has to wait for a political CDC to determine whether they still have any currency of influence amid the politics of COVID.

I doubt the CDC will attempt to go through the process to legally reinstitute the mask mandate.  The political science just doesn’t support it.

However, as with all things leftist, narcissistic and Covidian, the moonbat tribe evaluate their worth through the prism of how much they can force others to endure.  So, there’s a possibility the religious leaders within the CDC Church of Big Pharma, may just decide to inflict more social damage.

Apr 20 2022

Fannie Mae More Than Triples Negative Forecast for Housing Sales


Posted Originally on the conservative tree house on April 19, 2022 | sundance

Lots of people talk about an inflation driven recession.  Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices.   However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.

A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month.  The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.

Now, Fannie Mae is delivering a rather stunning shift in their economic forecast.  In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:

...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)

That is a very significant change in home sales forecast to the negative position.

We already have serious energy inflation to contend with and low wage growth.  We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.

The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly.  Remember, Boy Scouts motto.

Apr 20 2022

Too Dangerous to Allow Elon Musk Control Over So Much Data Says Washington Post


Posted originally on the conservative tree house on April 19, 2022 | sundance

The latest developments in the effort to purchase the unsustainable magic coffee shop are quite revealing.

According to the New York Post, “Musk himself is willing to invest between $10 billion and $15 billion of his own cash to take Twitter private, two sources close to the situation said. That’s up from the current 9.1% stake in the company he revealed on April 4, which is worth about $3.4 billion.”

However, more revealing about the overall issue are the comments from the PR firm of the U.S. Intelligence Community, The Washington Post:

(WaPo) […] “Putting so much power in the hands of one company is bad enough, but putting it in the hands of one person, as is largely the case with Facebook shareholder Mark Zuckerberg and would be the case if Twitter were owned by Musk, would be incompatible with democracy.” 

“There are simply no checks and balances from any internal or external force,” … “It would leave Musk, like Zuckerberg, with an amount of assembled data about people and the ability to use it to manipulate them “that cannot be compared to anything that has ever existed, and allows intervention into the integrity of individual behavior and also the integrity of collective behavior.” (read more)

People are starting to catch on to the reality that costs for data processing on many social media platforms (the free coffee), exceeds the ability of the platform to generate revenue.  People are starting to understand that behind the scenes of the Big Tech consortium, there is something else, some other operational construct and mechanism, that subsidizes & facilitates their existence.

It is very revealing how the intelligence apparatus of the United States had no issue with Twitter data and influence, until the potential for private ownership, perhaps uncontrolled private ownership, surfaced.  Do not be naïve in pretending not to know how The Washington Post represents the interests of the intelligence apparatus.

In the long arc of history, I truly believe we will discover the inflection moment for the merge of U.S. Deep State (intel community) and U.S. Social Media, will be identified in the early moments of the Arab Spring of 2010/2011.  That was when Facebook and Twitter became tools for the State Dept operation in Egypt, Libya, Tunisia, Syria, Bahrain and beyond.  That was the beta-test of synergy.

“Arab Social Media Report by the Dubai School of Government give empirical heft to the conventional wisdom that Facebook and Twitter abetted if not enabled the historic region-wide uprisings of early 2011.” (LINK)

It was from that original, albeit misguided and manipulative partnership, when the actual details about how to create the social surveillance state was first tested.   Everything after those events more than a decade ago, has been this rapidly evolving blend of social media technology and the capacity of the U.S. intelligence apparatus to create and fund the underlying structures.

Daily, we see numerous examples of the ideological control that surfaces as a direct result of this public-private partnership, the closed-conversations between deep government interests (the Fourth Branch) and social media companies which are dependent on the subsidized technology for them to exist.

Perhaps 2022 represents the first time the commonsense of the American electorate begins to recognize the fallacy of the ‘free coffee’ business model.  Personally, I am very optimistic people will soon recognize what many have suspected for a long time.

Ultimately the question becomes, how far will the U.S. Fourth Branch of Government go to stop people from understanding?

Marc Andreessen believes Govt and Big Tech will double, triple and quadruple down to keep their public-private partnership, the backbone of the Free Coffee Shop, hidden.  I cannot say I disagree, because ultimately it is still only the minority of people who understand the stakes.  However, on the upside, the number of people who are starting to understand it, is growing almost exponentially thanks to Elon Musk.

(Source Link)

This is one of those situations where we should all welcome being called ‘conspiracy theorists’, because no matter how big the crowd is that refuses to believe it, ultimately the impossible business model of Jack’s Magic Coffee Shop will reveal everything.

That’s why the public-private partnership must stop Elon Musk.  As the Washington Post noted, this level of revelation “cannot be compared to anything that has ever existed.”

“Very shadowy” indeed.

Apr 20 2022

CNN New Subscription Based Service Likely to Collapse, Spent $300 Million Only Gained 150k Subscribers


Posted originally on the conservative tree house on April 19, 2022 | sundance

Put this in the tracking file for ratios and such.  Axios is reporting that CNN+ is likely to collapse as Warner Bros has suspended all external marketing and product development and fired the Chief Financial Officer.  The network has spent $300 million, and only generated 150,000 subscribers.  A major fail by any measure.

(Via Axios) Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime chief financial officer as it weighs what to do with the subscription streaming service moving forward, five sources tell Axios.

• Why it matters: Inside CNN, executives think the launch has been successful. Discovery executives disagree.

• CNN+ has roughly 150,000 subscribers so far.

• Warner Bros. Discovery wants to eventually build one giant service around HBO Max.

• New leadership has replaced CNN CFO Brad Ferrer with Neil Chugani, Discovery’s current CFO for streaming and international, as part of a broader finance team restructuring.

• Other high-level positions at WarnerMedia across different business functions are likely to be eliminated to cut costs and streamline leadership in coming weeks.

What to watch: Sources say a plan is being considered to replace Chris Cuomo’s 9:00pm EST primetime slot with a live newscast, instead of personality-driven perspective programming. (read more)