Posted originally on Mar 20, 2025 by Martin Armstrong
Minority Leader of the US Senate Chuck Schumer admitted on national television what the government thinks of the people—your money belongs to them. “Their attitude is, ‘I made my money all by myself. How dare your government take my money from me?’” Schumer stated in a mocking tone.
“I don’t want to pay taxes. Or, I built my company with my bare hands. How dare your government tell me how I should treat my customers, the land and water that I own, or my employees?” Schumer, with an estimated net worth of $81 million, continued. “They hate government. Government’s a barrier to people, a barrier to stop them from doing things. They want to destroy it. We are not letting them do it, and we’re united. Okay.” This further emphasized his view that certain individuals see the government as an obstacle and wish to dismantle it.”
People hate the government due to career politicians like Schumer who believe they have the right to control the people through excessive taxation. Schumer and others who constantly push for tax increases genuinely believe that the people are stealing from the government. Forget that you pay taxes on everything you own, sell, and save—the government needs MORE to fund agendas that the people do not vote on.
DOGE has been highlighting how utterly irresponsible and reckless government spending has become. No one voted to fund transgender care in Bangladesh, for example, or the infinite funds sent to secure foreign borders. The Constitutional protection of no taxation without representation has been eliminated. It matters not how much the government collects from the people as it will NEVER be sufficient to cover their spending, let alone the national debt that is a ticking time bomb.
Then you have people like Chuck Schumer who have NEVER held a job outside of politics and could not be further removed from the valid concerns of the people he claims to represent. He has made his fortune through LOBBYING and CORRUPTION off the backs of those who actually WORK and contribute to our economy. These are the swamp creatures who repeatedly raise our taxes, year after year, and hypocritically mock us for desiring a better quality of life.
Direct taxation is what the Founding Fathers in the US forbid. Politicians are destroying the world economy and this issue is certainly not unique to America. The Common Reporting Standard (CRS) is an information standard for the automatic exchange of tax and financial information on a global level. It was put together by the Organisation for Economic Co-operation and Development (OECD) back in 2014. Its purpose was to hunt down tax evasion primarily for the European Union. They took the concept from the US Foreign Account Tax Compliance Act (FATCA), which imposed liabilities on foreign institutions if they did not report what Americans were doing outside the country.
The globalist trend toward Marxism where “you will own nothing and be happy” is precisely why our computer believes we are in for a complete change in the structure of government. Beforehand, we will see governments attempt to collect MORE from the people through new and increased taxes. The left wishes to increase the public sector so that everyone is utterly dependent on the government for survival. CBDC will create a cashless society to ensure governments can track and collect money instantaneously, as the main premise behind CBDC is the belief that the people should be paying at least 35% more to our overlords.
Nations crumble when governments continually rob the people through taxation.
Posted originally on Mar 20, 2025 by Martin Armstrong
Jerome Powell kept rates unchanged as our computer was projecting. However, he did weigh in on the state of the US economy, pointing out that Donald Trump’s policies were one reason why inflation is turning back up. He also reduced the Fed’s 2025 growth projection, noting that uncertainty around the slowing economy is increasing. The Fed is well aware of the Economic Confidence Model. Both Canada and the Fed started to lower rates when the ECM was turned down last May.
Powell said, “Inflation has started to move up,” adding that “there may be a delay in further progress over the course of this year.” The confusion people have is that, as I have pointed out before, government employees are counted TWICE in GDP. First as total government spending and second as total personal income. So, firing government employees will have a large,r more exaggerated impact on GDP going forward.
Investors have reacted negatively to Trump’s global trade war and the mounting retaliation from abroad. What they fail to grasp is that the main reason companies left the USA was over worldwide taxation. American companies were always at a disadvantage when compared to Europeans competing in the world market. The S&P 500 fell nearly 10% from mid-February because of the failure to understand the real trade impact of the high tariffs. Trump, meanwhile, has perhaps promoted recession fears, with the Republican saying the economy faces a “period of transition” and that his tariffs will eventually mean more US jobs.
Socialist academic economists do not look beyond our shores and say that Trump’s tariffs will be a significant loss. They compare this to the Smoot-Hawley tariffs of the 1930s, blaming them for the Great Depression because they are incapable of thinking about two variables simultaneously. The tariffs were primarily on agriculture because the Dust Bowl reduced crops, and Europe offered them cheaper. The economy was 41% employed in agriculture, and that is why unemployment soared to 25%. No legislation could have made it rain.
Powell admitted that recession odds had moved up but weren’t high. He disagreed with the University of Michigan survey, which showed a sharp increase in long-term inflation expectations. We agree. Socrates is showing that volatility in inflation was to begin here in 2025 and rise stronger in 2026, but it will be the 2027-2028 period when it becomes critical that it is correlated with our war models.
Posted originally on Mar 19, 2025 by Martin Armstrong
Newsmax’s Rob Finnerty has introduced a bombshell revelation hidden within the newly released JFK files—one that raises serious questions about a likely CIA cover-up. Bernie Sanders – this is why we need non-government DEEP STATE people to investigate. Thank God for Oligarchs!
Posted originally on Mar 19, 2025 by Martin Armstrong
COMMENT: Marty, I spoke to a friend at the __________ bank in NY, and he said on gold, listen to Armstrong. I found that interesting since he was well up there in the Bank’s food chain. He also said this is geopolitical, not inflation.
Kevin
ANSWER: Well, as I have said, gold’s not stopping when it is geopolitical. We gave our price and timing targets. Forget the BS about inflation. Gold is rising for the safe-haven demand as geopolitical tensions increase. Banks that do follow us know that we are bullish on bullion’s safe-haven status as anxiety escalates about the global economy. The fact that the Federal Reserve is poised to keep borrowing costs steady realizes that Keynesian Economics is dead. The rise in interest rates no longer stops inflation because government expenditures rise, and politicians will NEVER reduce spending because the Fed raises rates.
Posted originally on Mar 18, 2025 by Martin Armstrong
Civil unrest erupted in Serbia over the weekend leading to the largest protest in Belgrade’s history. Tensions have been building since November after a deadly disaster in Novi Sad that most believe could have been prevented. Between 100,000 and 400,000 Serbians took to the streets to demand that the government be held accountable for the tragedy.
Now all of this was completely arranged by Serbian students as the youth is demanding change. The 15 for 15 Protest that took place on March 15 was also named to honor the 15 civilians who died in Novi Sad after an outdoor roof covering a train station suddenly collapsed on them. Protestors asked for 15 minutes of silence to honor the victims before chanting that President Aleksandar Vucic was “FINISHED!”
The train station in question was recently renovated under suspicious circumstances. Chinese companies and the Progressive Party (SNS) have ties to the renovation. Yet, Serbian authorities initially claimed that the outdoor roof had not been part of the reconstruction but later admitted that they lied. No one has been held accountable and protestors strongly believe that there has been a massive government cover up.
Sound familiar? Greece recently witnessed the largest protest in the nation’s history after the government also attempted to cover up a fatal, potentially preventable, tragedy. Prime Minister Kyriakos Mitsotakis heeded to the calls of the people and agreed to investigate the matter. President Vucic, on the other hand, has shown no remorse. “I won’t allow the street to set the rules,” he said on Friday after stating all protestors would be arrested. “We have a state and we will show you the state,” he said. Vucic underestimated the passionate rage of his people whose protest chants soon demanded his resignation.
The media is not reporting how the government initially responded to protestors during the peaceful 15 minutes of silence. Long-range acoustic devices (LRAD) or sound canons were used to disorient protestors through powerful soundwaves. Protestors in the line of the soundwave reported feeling strange, as if their brains had stopped working, causing them to run from the sound involuntarily.
Socrates warned that 2025 would mark a major turning point on the Economic Confidence Model, signaling increasing political and social unrest. Government trust is collapsing, authoritarianism is rising, and the people are beginning to understand that they hold the power IF they come together as a collective.
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