New York Prohibits Illegal Aliens from Voting


Armstrong Economics Blog/Politics Re-Posted Jul 1, 2022 by Martin Armstrong

In a groundbreaking moment of enlightenment, New York lawmakers decided that only US citizens should be able to vote. “There is no statutory ability for the City of New York to issue inconsistent laws permitting non-citizens to vote and exceed the authority granted to it by the New York State Constitution,” wrote Staten Island Supreme Court Justice Ralph Porzio.

The recent ruling has blocked over 800,000 non-citizens from voting, accounting for nearly one in nine of the city’s voting-aged 7 million residents. The vote was approved with a 33-14 majority. Imagine visiting another country, perhaps living there for a month, and having a say in who they elect in positions of power?

The only requirement for non-citizen voters of age under this failed proposal would be that they are authorized to work in the US and have spent a measly 30 days in the city. They were pushing for this bill to pass by 2023 to infiltrate the 2024 US Presidential Election, among others. Mayor Bill de Blasio questioned the proposal but said he would not use his veto powers if the measure passed. Republican minority leader of the City Council Joseph Borelli told the Associated Press that the bill “devalues citizenship” as “citizenship is the standard by which the state constitution issues or allows for suffrage in New York state elections at all levels.” Borelli accused certain lawmakers of using the bill to infiltrate the voting process.

Non-citizens do not need knowledge of the English language, and they do not need to have any real understanding of the US election process. This law violates the Constitution so blatantly that there was bipartisan skepticism. It seems only the “progressives” were firmly in support of this measure since everything is racist in their bloodshot eyes.

A Red Wave is Coming


Armstrong Economics Blog/Politics Re-Posted Jul 1, 2022 by Martin Armstrong

After examining 12 months of data from 1.7 million Americans, the Associated Press (AP) has found that people are fleeing the Democratic Party. The Democrats enjoyed a slight edge while Trump was in power, as the outspoken president seemingly polarized voters who felt the two parties represented good v. bad. Inflation is running at a 40-year high, people cannot afford rent, crime has skyrocketed, the borders are open, and we are in the midst of an energy crisis – the list of issues that the Biden Administration has created is endless.

It is no wonder that 1 million voters in 43 states have switched to the Republican Party in the past year. The poll noted that middle-class suburban dwelling voters have been even more likely to switch parties, which spells trouble for the Democrats who previously relied on this demographic in swing states. In swing state Pennsylvania, for example, party changers switched to the GOP from 58% to 63%.

Biden’s popularity seems to diminish weekly. Democratic lawmakers have lost control of their cities and crime will continue to rise with poverty. COVID fear-mongering worked for only so long. Now, people are disgruntled with the “new normal” and are shifting their political beliefs to align with traditional American morals.

Will the Fed Reverse Course?


Armstrong Economics Blog/Economics Re-Posted Jul 1, 2022 by Martin Armstrong

QUESTION: Marty, It seems like the Epoch Times is reporting nonsense. They just posted an article claiming that some analysis I never heard of claims that the Federal Reserve is “likely to reverse course and continue to print substantial amounts of money because doing otherwise would threaten the federal government with insolvency.” With the demand for US debt rising in the face of Europe, I do not understand this reasoning. Would you elaborate?

Thank you

IG

ANSWER: You are correct. This is the typical domestic analysis that only looks at the Fed and everything just inside the USA. The US is nowhere near insolvency at this time. That cannot be said for the rest of the world. The capital inflows are still pointing into the USA. Whenever there is war in Europe, capital flees to the United States. There is no way the USA is in danger of insolvency right now. That will eventually come, but that is post-2024.

This is the problem with the domestic analysis. It is the difference between a domestic fund manager and an international hedge fund manager who MUST be aware of everything taking place EVERYWHERE. The purpose of this blog is to show you that we are ALL connected globally, and what takes place in one region will impact the flow of capital globally.

The bull market into 1929, the 1989 bubble in Tokyo, and the dot.com bubble in 2000 were all created by the concentration of capital globally into that one region. That was the same for the Russian Financial Crisis of 1998. All the hedge funds and banks were buying Russian GKO debt at high rates of interest, assuming the IMF would never allow them to default. When they realized they were wrong and tried to exit, there was NO BID.

Hence, those hedge funds and bankers began to sell all investments everywhere else because they needed cash to make up for the losses from Russia.

This is why academics are ALWAYS wrong. They have never traded and do not comprehend how markets function. They always want to blame some mythical short-seller they have never found since the first investigation of the Panic of 1907.

When you call your broker, and he says there is “NO BID,” you are in the midst of a flash crash. Only a trader understands that.

Our computer has forecasted every such instance. There is no way the US is ready for insolvency. As the capital flows into the USA, the insolvencies are everywhere else such as Lebanon and Sir Lanka, for example.

Look closely at our capital flow map. Note that the capital is fleeing Europe. But also note that the sanctions imposed on private Russians have led to their liquidation of assets in the West, and capital is flowing back into Russia. Hence, as always, our politicians who listen to academics are doing everything precisely opposite of what they should be doing. Our Capital Flow Models, unlike any other tool, have identified that Biden’s sanctions have indeed already destroyed globalization. Even that has come out right on target — 72 years from the birth of globalization in 1950, which has created world peace and broke the back of communism.

Cassidy Hutchinson = Amber Heard 2.0 = Perjury?


Armstrong Economics Blog/Politics Re-Posted Jun 30, 2022 by Martin Armstrong

The story of Trump lunging for the wheel appears to be total perjury. The Secret Service said they would testify, but were not called because Cassidy Hutchinson appears to be the new Amber Heard 2.0 as she is starting to be called all over the place. She wanted to work in Florida for Trump a few days later after January 6th, but Trump rejected her application. Is this payback? She better be very careful now for if the Republics take back the Hill, I would call her to the stand and dig into all those who coached her on how to testify and what to say. That is the way prosecutors handle their witnesses.

Anyone familiar with this tump of limo knows that it would be impossible for anyone sitting in the bank to move all the way forward and then reach over the driver and try to grab the wheel. She was coached on what to say and how to say it. This is more fake news orchestrated by Cheney just like her father did to create the Iraq War and hand billions of dollars to the very company he headed. I believe her father was corrupt and an evil person and she is proving that the apple does not fall too far from the tree. Cheney is now asking Democrats to change their registration to Republican so they can vote for her.

COMMENT:  RE: Recent article on Cassidy Hutchenson’s hearsay testimony.
I Martin, Thank you for all that you do. One thing to point out, Cheney is pretty much alone with her antics. The people of Wyoming DO NOT support what she has done. She has NOT acted as a Representative of Wyoming People, she is doing her own show. Our Primary elections will be held in August and you will see Cheney be dissolved. The polls are against her recently by 28 points. So no Wyoming doesn’t want to join California. We are of a different cloth.

MO

REPLY: Thank you. Well, I normally stay clear of donating to politicians. However, I will be donating to whoever Trump endorses against this woman. If this was an honest mistake it is forgivable. But she is an attorney and she knows you CAN NOT introduce HEARSAY which is nothing but a rumor and if you ask Huctinsin, she cannot testify that what was said was true because she was not there.

Putting HEARSAY up like this is defamation of character and that is what is going on here because most Democrats will believe it simply because they hate Trump, which is what these people have been doing from the very start of his victory. This is NOTHING but propaganda to manipulate the Mid-Term Elections. I would haul Cheney into a real court and move for Conspiracy to commit treason against the United States. I for one would put her on trial for coaching witnesses and supporting perjury before Congress.

This has nothing to do with Trump anymore. This is about ending the propaganda from those who have occupied the Hill. Hopefully, by 2032 we get to start all over again. At least voting Republican will stop the WOKE nonsense and restore energy. However, they too will be cheering World War III simply because they will listen to the Neocons.

White House Economic Council Chair Says Biden 85% Disapproval Irrelevant When Making Economic Transition to New and Permanent U.S. Energy Program


Posted originally on the conservative tree house on June 30, 2022 | Sundance

National Economic Council Chairman Brian Deese essentially confirms what everyone suspected about Joe Biden’s polling, approval and disapproval.  It is quite obvious to everyone now that Biden is a disposable figurehead for the people inside the administration and government who are going full speed ahead with the Green New Deal via executive and regulatory action.

During a CNN segment Deese is challenged by the 85% disapproval and he ignores the opposition from the American people by saying the White House needs to “remind people as we go through this period” where energy costs are skyrocketing because climate change goals are unsustainable, during this economic “transition” they have made other progress.  WATCH: 

Joe Biden represents the once in a lifetime opportunity for every ideological leftist in government to carry out the most extreme energy policy without regard to political consequence.  Biden doesn’t even know what they are doing; that’s why there are conflicts between his statements about energy policy and the factual activity that is taking place around energy policy.  Biden couldn’t name the Interior Secretary if his life depended on it.

The extreme elements around Biden are taking advantage of his cognitive and intellectual deficit.  Obama told everyone Biden was an idiot, and now the Obama ideologues are using that idiot to fundamentally change America.   It is clear what they are doing; unfortunately, almost everyone in media and the leadership of both parties are pretending not to know what is happening.

But wait, it gets worse in the next soundbite from Deese .

When asked what the White House would say to families being crushed by high gas and energy prices, Deese says the radical left must “stand firm” with the extreme energy policy because this is the future of the “liberal world order”.  WATCH:

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During NATO Press Conference Joe Biden Blames Russia for Upcoming Global Food Shortage


Posted originally on the conservative tree house June 30, 2022 | Sundance

There it is folks.  I hope people can see the natural arc of this self-fulfilling prophecy now.  This also is why you should make sure you have potassium iodide tablets in your prep kit.

During a NATO press conference in Madrid [Transcript Here], today Joe Biden specifically attributed the upcoming global food shortage to Russian President Vladimir Putin.  Biden was emphatic when responding to a question about oil costs, western nation energy development and the pending food shortage.

BIDEN…”I think there’s a lot of things we can do and we will do.  But the bottom line is: Ultimately, the reason why gas prices are up is because of Russia.  Russia, Russia, Russia. The reason why the food crisis exist is because of Russia — Russia not allowing grain to get out of Ukraine.”  WATCH:

[Full Video Here – Prompted, if Needed]

Please understand… The food shortage is a done deal. We are beyond the point where current action could impact what is coming.  The timeframe to mitigate any global food shortage is in the rear-view.  Efforts to mitigate the food crisis should have been done months ago.  Nothing was or is being done.

The Western Alliance now needs a scapegoat, a justification for a food crisis that is almost certain to surface.  We do not know the scale of the shortage, but we do know global food supplies are going to be less than needed to feed the world population.

The direct cause of the food shortage is the Western government decision to prioritize climate change over food production.  The Build Back Better climate change agenda has created massive disruption with energy products (biofuel, fertilizer, diesel, natural gas etc) which are critical for the efficient production of food.  However, the western alliance cannot and will not take responsibility for the food crisis.  Instead, as you are seeing above, their plan is to blame Russia.

Stopping Russia from starving the world will be the justification for a physical escalation of conflict between NATO and Russia.  All of the signs and indicators point in this direction. None of the geopolitical or global economic signs point away from this direction.  A NATO led war with Russia is not a matter of “if”, it is a question of “when?”

The NATO and western alliance that is currently engaging in the military buildup against Russia is the exact same alliance of governments’ who are chasing the climate change agenda at all costs.

I know it sounds outlandish, but the World Economic Forum multinational corporations that influence and manipulate geopolitical politics are the driving force for this needed war with Russia.  Their holy grail of Climate Change policy, and the massive shift in global economic power that comes with executing the climate change agenda, is so consequential to the geopolitical world that such a massive move is needed.

More specifically, we already know there is going to be a global food shortage as a result of the new world order energy policy that underpins the Build Back Better agenda.  We do not know the extent of the food deficit; however, we do know less food, perhaps much less food, is going to be available on a global basis.

We also know the majority voices, including the United States, within the NATO alliance have decided it is more important to follow the climate change policy than it is to feed people. [Africa Example]  The U.K and Germany proposed trying to avoid further conflict by generating more food [source].  The U.S. and Canada have blocked the effort saying that maintaining the shift toward new western energy development is more important.

Maintaining the development of a new western energy system to drive economic activity is more urgent and important than the looming crisis of global famine.  Accepting that reality, understanding the priorities as outlined, are the keys to understanding why the western alliance need the war with Russia {GO DEEP}.

I cannot emphasize this enough.  If you do not accept the scale, scope and severity of the collective west’s entrenched commitment to climate change, you will be caught off-guard and not understand what is coming.

NATO and Western Govt, led by the policy of Joe Biden, have placed oil and gas sanctions against Russia. Those U.S-led Russian energy sanctions follow similar sanctions already in place against oil and gas from Iran and Venezuela.

Simultaneously the G7, Western Alliance will not allow Africa to develop their own use of natural gas to produce fertilizer to increase crop yield/harvest. [source] The G7 control food production in Africa by controlling the energy company investment needed to manufacture fertilizer. Again, as with the biofuel issue [source], the G7 and Western Alliance are prioritizing Climate Change energy policy over food production. Which will ultimately cause food shortages and famine.

However, within this forecast dynamic, now the “WEST” has an ideological problem. Sooner or later the issues will surface with massive interest. People around the world will figure this out. The absence of food will change things. People in all parts of the world will eventually get angry once they realize the absence of food is being caused by Western Govt prioritizing Climate Change over people.

Things will get intense. Things will get ugly. The Western “leaders” need a scapegoat, a way to focus the world’s anger away from them… and toward something else. Their advanced narrative messaging has already surfaced in the words of National Security Coordinator for Strategic Communication, John Kirby:

“President Putin is, no kidding, weaponizing food. Let’s just call it what it is: He’s weaponizing food. He’s got an essential blockade there in the Black Sea so that nothing can leave by sea — and that’s, of course, how Ukraine has historically gotten its grain to markets.” [source]

It is not coincidental that John Kirby was moved from Pentagon spokesperson to NSC strategic communications at the White House.  Kirby’s prior move into the White House is as much related to what is coming as the 101st Airborne deployment today.

Notice how the looming shortage of food is being blamed on Russian President Vladimir Putin.  “He’s weaponizing food,” Kirby repeats, this is a significant and telling advance narrative.  What Kirby is outlining is the western government justification for the upcoming war against Russia.

The collective western leaders, positioned by the NATO talking points, are going to justify war against Russia as a needed fight to stop the global food crisis from worsening.  They will claim it is Russian President Vladimir Putin who has disrupted the world energy production.

NATO and the western alliance will claim Putin is the reason why food fertilizer is in short supply.  NATO will claim that Putin’s war in Ukraine is the source of the global energy, food and subsequent economic crisis.  Just like Putin has been blamed for higher energy and gasoline prices, so too will Putin be blamed for starving millions of people.

The war against Russia will be justified as the war to stop Putin from creating mass starvation.

If you cannot see how this is being constructed through all of the sub-links, citations and sources above, I cannot lay this out more clearly.

A NATO and western alliance war with Russia is not a matter of “if“, it is now a question of when?  Perhaps Vladimir Putin can outwit them somehow; but unless a massive number of people in the world begin to accurately see what is happening, no change in direction is likely.

Be proactive just in case.  Buy potassium iodide pills now, they will not be available when you need them.  Prepare for shortages in many essential products and most importantly, accept things as they are – NOT as you would wish them to be.  The Build Back Better global energy agenda is a self-fulfilling prophecy.

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Atlanta Fed Revises Second Quarter GDP Estimate to Negative 1 Percent


Posted originally on the conservative tree house on June 30, 2022 | Sundance 

We can see no political scenario where the Bureau of Economic Analysis (BEA) will report a negative second quarter GDP number, despite the reality of a contracted economy.

A negative second quarter GDP would mean the Joe Biden economic policies have resulted in a recession.   Yes, the economy is contracting; and yes, the economy is in an actual recession.  However, it would be too politically damaging for the federal bureaucrats to quantify it accurately.

That being said, the Atlanta Fed is now calculating a negative 1% second quarter GDP result [DATA HERE]:

(Fed Reserve) – The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27. After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 2.7 percent and -8.1 percent, respectively, to 1.7 percent and -13.2 percent, respectively. (link)

CTH predicts the BEA is likely to generate a statistical report somewhere in the +0.5% range. Just enough positive GDP to avoid the literal definition of a recession.  The BEA report will be issued at the end of July and if they follow recent patterns, they will likely underestimate the inflation rate as well as under-calculate the import data. 

Sanity Prevails, Supreme Court Strikes Down EPA Cap and Trade Scheme for Power Plants


Posted originally on the conservative tree house June 30, 2022 | Sundance 

The Environmental Protect Agency (EPA) was attempting to restrict the energy production from coal-based power plants through a regulatory cap-and-trade scheme intended to limit the emissions from electricity plants. However, by a 6-3 vote the Supreme Court said today the Clean Air Act does not give the EPA broad authority to regulate greenhouse gas emissions from power plants. [pdf Ruling Here] The regulation -if any- must come from congress, not regulatory fiat from an executive agency.

New York Post – The Supreme Court rolled back the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants Thursday, dealing a massive blow to the Biden administration’s plans to fight climate change.

The 6-3 decision overturned a lower court ruling that gave the federal agency virtually unlimited regulatory powers through the Clean Air Act. […] Writing for the majority, Chief Justice John Roberts agreed with the states that “it is not plausible that Congress gave EPA the authority to adopt on its own such a regulatory scheme.”

“A decision of such magnitude and consequence rests with Congress itself, or an agency acting pursuant to a clear delegation from that representative body,” he added.

Roberts also noted that the EPA claimed to have the authority to regulate greenhouse gas emissions only after Congress declined to expand that authority through legislation.

“At bottom, the Clean Power Plan essentially adopted a cap-and-trade scheme, or set of state cap-and-trade schemes, for carbon,” the chief justice wrote. ” … Congress, however,  has consistently rejected proposals to amend the Clean Air Act to create such a program. It has also declined to enact similar measures, such as a carbon tax … Given these circumstances, our precedent counsels skepticism toward EPA’s claim …” (read more)

The Untold War in Syria and Deserted Pipelines


Armstrong Economics Blog/Energy Re-Posted Jun 30, 2022 by Martin Armstrong

We’ve heard of the refugees and people fleeing Syria for a better life, but the media rarely reports how dire the situation has become. Reuters recently reported that 1.5% of the Syrian population is DEAD due to the ongoing war. Estimates state that around 83 people (18 who are innocent children) die every day in Syria. So why has everyone overlooked this decade-long deadly battle?

I mentioned in 2013 how former President Obama wanted to invade Syria. In 2009, Qatar proposed a pipeline that would have sent energy to Europe from Saudi Arabia, Syria, and Jordan. Then Syrian ruler Assad, backed by Russia, began negotiating for a different pipeline with Iran that would run gas to Europe from Iraq and Syria. Russia saw an economic advantage to having the latter pipeline as the US was too closely linked to Qatar, and therefore, the Iranian pipeline became a priority for Russia.

Putin met with Obama in 2015 to ask him to support Assad against ISIS. Obama objected as that was not economically beneficial for the US and would give Russia almost a monopoly over European energy. Obama began suddenly lifting sanctions on Iran to break the forming alliance. Russia entered Syria on the exact day the ECM predicted, and the US began backing Assad’s opposition even though that meant funding the terrorist group ISIS.

There have been no developments on the Iran–Iraq–Syria pipeline (known as the friendship pipeline) since 2013. The Syrian people have been left to rot. There is so much virtue signaling for Ukraine, but numerous nations invaded Syria and left their economy and infrastructure in shambles. No politician cares about the people; nearly all decisions are made based on money. The US lost this battle as Russia remains an energy powerhouse with a stronghold on the entire energy sector. Thanks, Obama.

Macron Tells Biden to Rethink Energy Plans


Armstrong Economics Blog/Energy Re-Posted Jun 30, 2022 by Martin Armstrong

French President Emmanuel Macron pulled US President Joe Biden aside at the G7 summit to explain a few basic facts. Biden has been demanding Middle Eastern nations ramp up their oil and gas production to help offset the energy crisis his administration has created. It’s ok to drill and take from the environment as long as it is not on US soil.

A reporter recorded Macron explaining to Biden that the United Arab Emirates is already at maximum capacity and cannot produce more oil. He also told him that begging the Saudis for oil was a lost cause too. These were the only two OPEC nations left that the US thought it could tap into for more oil.

Journalist Michael Shellenberger tweeted part of the exchange between the US and French leaders: “I had a call with MBZ,” Macron said. (MBZ is the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan.) “He told me two things. I’m at a maximum [production capacity] and [the] Saudis can increase by 150 [thousands barrels per day].”

Reporters were visibly in earshot when Macron spoke to Biden, which seems like a strategic move. It is a not-so-subtle effort to explain to the US, as the world is watching, that they have the power to ramp up production on its own without grappling for help from other nations.