Posted originally on Jan 31, 2025 by Martin Armstrong
The Trump Administration rescinded the freeze on federal programs, vowing to eliminate woke agencies in the coming weeks. The Democrats have become outraged over the president’s numerous, swift measures to undo the damage caused under Biden. The left believes in democracy when it suits them. The Dems lost control of both chambers of Congress and have been backed into a corner that they are prepared to fight their way out of.
House Democrats held a virtual meeting this week due to the “emergency” caused by Trump’s federal freeze. House Minority Leader Hakeem Jeffries (D-N.Y.) has urged his party to take their fight to the streets, according to those who were on the call. “I don’t want to speak for the leader,” Rep. Gerry Connolly (D-Va.) said afterward, “but it was a broad call for action — and a vigorous one.”
Rep. Jared Huffman (D-Calif.) tacked on to the call for violence. “House Democrats are now fully engaged. The bell has rung. I think we see this for the constitutional test that it is, and we’re going to be aggressively pushing back,” he stated. “Leader Jeffries described it as a legal fight, a legislative fight and a street fight. And I couldn’t put it better.”
They understand that they will be met with challenges in both the House and Senate as Republicans have the majority. The people voted red because they want to revert to conservative policies. The Democrats only care about maintaining power. Huffman said that they plan to “use whatever bully pulpits we have to awaken the American people to what’s going on here.”
“Awakening the American people” has been done through carefully orchestrated propaganda pushed forth by legacy media. They have achieved it through orchestrated civil unrest, as we have seen the likes of billionaire George Soros and his zealot son Alex push forward. The Open Society Foundations have publicly promoted civil unrest and paid people to “take the fight to the streets,” as the Democrats are not encouraging. They attempted to become the rulers of information, labeling anything against the agenda as dangerous misinformation that needed to be silenced. The lies, Russian collusion, Steel Dossier, Agenda 2025 – the majority never bought into these lies. Trump experienced countless assassination attempts after the left’s incessant villainizationof Trump. They vowed to tone down the violent rhetoric, but that was prior to losing the election.
Any Republican would have been immediately taken down if they attempted to incite violence or called for political action by any means possible. Taking the fight to the streets sounds like an insurrection of sorts, and at the very least, a complete abandonment of the US democratic process that these legislatures have sworn to uphold. The propaganda and rioting failed but these types never learn. The American people voted the Democrats out of power, but they will not accept defeat or the wishes of the public.
Posted originally on Jan 30, 2025 by Martin Armstrong |
Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of repayment.
The Big Bang of the sovereign debt crisis began in 2015.75, as indicated by the computers, around the introduction of negative rates and Quotative Easing, which shifted the risk from the free market to the central banks. The 2015.75 date was also 26 years from the first break in Marxism in 1989. The bottom of the ECM from 2015.75 to 2020.05 was also 31.4 years from the start of the fall of communism that culminated in the final stages of the collapse of socialism. I repeatedly warned that our models indicated the banks would become trapped by these policies and now we have a completely unsustainable situation.
If interest rates rise, their portfolios crash in value (price). Such an outcome would raise the question of will the private sector return to the government bond markets when they see there is a rising risk factor? Our model showed that this would not be the case. In other words, the Sovereign Debt Crisis has taken place and to prevent the PRICE crash, the central banks became the buyer to hold interest rates down and bond prices up. We have seen governments and institutions offload bonds and government debt since the Big Bang.
Emerging markets have reached 245% of GDP in debt, totaling $105 trillion. Poor nations are now spending more on their debt than infrastructure, health care, or education. These nations cannot afford to simply not repay and multilateral development banks have turned into lenders of last resort.
ALL government debt is in serious trouble because they just never fund a damn thing. The solution is to always borrow and there is no plan to ever pay anything back. The behind the curtain reasoning is they are burning money for fuel because they are always reducing the value of prior debt that is never indexed to inflation.
We have seen larger economies begin the snowball effect of borrowing after World War II and the repercussions are now arising. Now we have a serious crisis that has shifted from the free trading bond markets exclusively to the central banks. This is part of the crisis unfolding in the repo market. There does not appear to be any recovery on the horizon. Politicians are undermining the confidence in government, to begin with, and that will influence bond buyers.
The astounding debt crisis has fanned the flames of war as initiating a global conflict is a way, politicians believe, to continue delaying debt payments. The majority of nations are simply too far gone in debt to ever properly repay. Who would buy if there is no guaranteed return?
Total global government debt is now $98,000,000,000,000 ($98 trillion) and is forecast to reach $130 trillion by 2028, which is also when the computer has predicted that the world will feel the aftershocks of a global recession.
Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of repayment.
The Big Bang of the sovereign debt crisis began in 2015.75, as indicated by the computers, around the introduction of negative rates and Quotative Easing, which shifted the risk from the free market to the central banks. The 2015.75 date was also 26 years from the first break in Marxism in 1989. The bottom of the ECM from 2015.75 to 2020.05 was also 31.4 years from the start of the fall of communism that culminated in the final stages of the collapse of socialism. I repeatedly warned that our models indicated the banks would become trapped by these policies and now we have a completely unsustainable situation.
If interest rates rise, their portfolios crash in value (price). Such an outcome would raise the question of will the private sector return to the government bond markets when they see there is a rising risk factor? Our model showed that this would not be the case. In other words, the Sovereign Debt Crisis has taken place and to prevent the PRICE crash, the central banks became the buyer to hold interest rates down and bond prices up. We have seen governments and institutions offload bonds and government debt since the Big Bang.
Emerging markets have reached 245% of GDP in debt, totaling $105 trillion. Poor nations are now spending more on their debt than infrastructure, health care, or education. These nations cannot afford to simply not repay and multilateral development banks have turned into lenders of last resort.
ALL government debt is in serious trouble because they just never fund a damn thing. The solution is to always borrow and there is no plan to ever pay anything back. The behind the curtain reasoning is they are burning money for fuel because they are always reducing the value of prior debt that is never indexed to inflation.
We have seen larger economies begin the snowball effect of borrowing after World War II and the repercussions are now arising. Now we have a serious crisis that has shifted from the free trading bond markets exclusively to the central banks. This is part of the crisis unfolding in the repo market. There does not appear to be any recovery on the horizon. Politicians are undermining the confidence in government, to begin with, and that will influence bond buyers.
The astounding debt crisis has fanned the flames of war as initiating a global conflict is a way, politicians believe, to continue delaying debt payments. The majority of nations are simply too far gone in debt to ever properly repay. Who would buy if there is no guaranteed return?
Total global government debt is now $98,000,000,000,000 ($98 trillion) and is forecast to reach $130 trillion by 2028, which is also when the computer has predicted that the world will feel the aftershocks of a global recession.
Posted originally on Jan 30, 2025 by Martin Armstrong
President Donald Trump implemented a widespread freeze on federal loans and grants, ordering all agencies this week to “temporarily pause all activities related to obligation or disbursement of all Federal financial assistance.” He was forced to back off after a federal judge halted some of the freeze. The public sector has been multiplying in recent years to the point that there are thousands of agencies whose true purpose are unknown. While many view the act as extreme, public sector growth has become detrimental to our economy and one must determine what exactly the government is funding.
As Adam Smith wrote in “Wealth of Nations”:
“Like an improvident spendthrift, whose pressing occasions will not allow him to wait for the regular payment of his revenue, the state is in the constant practice of borrowing of its own factors and agents, and of paying interest for the use of its own money.”
The wealth of a nation is composed of more than money or gold, for the original idea of “money” did not embrace the concept of true wealth. Money is merely our mental measure of wealth. Cultures in different parts of the world all conceive of money but it is merely how they measure this universal concept of wealth.
There is only one constant and that is the greater the size of government, the lower the production of national wealth. Therefore, the higher the percentage of a nation’s work force is employed by the public sector, the lower its real national product. We saw this in Argentina as of late. Of course, government wishes to include itself in the GDP calculation and it counts government workers twice in many countries. It adds total government spending and adds that to total personal income. By doing this they count all government employees twice for they do not back it out of the total government spending. So we have bogus statistics in GDP as well for the economy appears better when government hires rather than the public sector. That is why we will see unemployment rise under Trump but in all actuality that figure will not be indicative of the overall health of our economy.
Now, Trump specifically is asking for more information on 2,600 programs to determine their legitimacy. Biden implemented a slew of DEI iniatives and programs that do nothing but TAKE from our economy. The Office of Management and Budget (OMB) sent the aforementioned companies the following questions:
Does this program provide funding that is implicated by the directive to end discriminatory programs, including illegal DEI and “diversity, equity, inclusion, and accessibility” (DEIA) mandates, policies, programs, preferences, and activities, under whatever name they appear, or other directives in the same EO, including those related to “environmental justice” programs or “equity-related” grants?
Does this program promote gender ideology?
Does this program promote or support in any way abortion or other related activities identified in the Hyde Amendment?
“It means no more funding for the green new scam that has cost American taxpayers tens of billions of dollars,” White House press secretary Karoline Leavitt said Tuesday at her first news briefing. “It means no more funding for transgenderism and wokeness across our federal bureaucracy and agencies.” The new press secretary, who actually responds to questions, said it is “the responsibility of this president and this administration to be good stewards of taxpayer dollars.” Welfare aid programs are not vanishing, rather, the government is reevaluating its spending to best direct dollars.
Organizations promoting woke gender ideology, DEI, and the green new deal will be the first to go but a significant cut is needed to restore some order. The fear mongering about Trump eliminating Medicaid and food assistance programs are unfounded. The new administration must determine what agencies are legitimate and eliminating services that do not add to our society in any meaningful way is the first step.
Argentina is an excellent example of how quickly an economy can recover when we remove socialistic programs. There were 341,477 people in the public sector on government payroll when President Milei took office, and his aim is to eliminate 70,000 needless positions. From December 2023 to October 2024, Argentina reduced the national administration was reduced by 10% and state-run firms decreased by 12.6%. Reducing the national administration alone saved the government $3.82 billion in the short-term, not accounting for future payouts, additional staffing, or pensions. Yet he began by eliminating services that were simply unnecessary.
Milei first eliminated useless agencies such as the Ministry of Culture, Ministry of Health, Ministry of Labor, and Ministry of Social Development. In his words, Argentina WAS a poor country that could not afford these departments that do absolutely nothing to improve the nation’s economic conditions. No one noticed when he reduced the cabinet by 50%, but the economy certainly took note and posted its first budget surplus in 123 years this December.
“The deficit was the root of all our evils — without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past,” Milei proudly announced.
Yes, other factors contributed to Argentina’s recent success, but moving away from socialism and ever-growing social programs was paramount. Socialism NEVER works but world leaders refuse to learn from the past.
Under Biden, we saw manufacturing flee the US. The jobs reports often looked promising but they failed to recognize the rising public sector that can never contribute to GDP. We have seen what happens when governments grow to disproportionate figures and it never ends well. The longest reigning empire, the Roman Empire, fell as a direct result of an oversized public sector that bankrupted Rome. The private sector produces economic growth, while government is a public servant consuming the wealth generated by others.
The Deep State is more than a swamp; it is an ocean. It is so deeply rooted that I wish Trump all the best, but I am not sure he will be able to root out the core corruption. That will probably take a sovereign default, and history warns that a revolution will often follow. This time, the government is entrenched in bribing the people to retain power, giving them free food and circuses, and they will be the government alone, as they used to say in Rome.
Posted originally on the CTH on January 29, 2025 | Sundance
Former vice-presidential running mate to Robert F Kennedy Jr, Nicole Shanahan, has released a video threatening to personally fund primary challengers for those Senators who do not support the nomination of Robert F Kennedy Jr.
Saying, “Bobby may place nice, I won’t” Ms. Shanahan is vowing to target Senators, many of them she funded, if they cower to Big Pharma and Big Agriculture. Additionally, Shanahan provided a list of key Senators and their contact details for a public pressure campaign. Robert F Kennedy’s first confirmation hearing is scheduled for Wednesday at 10:00am EST.
Senator Mitch McConnell (R) Call: 202-224-2541 Senator Lindsey Graham (R) Call: 202-224-5972 Senator Lisa Murkowski (R) Call: 202-224-6665 Senator Susan Collins (R) Call: 202-224-2523 Senator Bill Cassidy (R) Call: 202-224-5824 Senator Thom Tillis (R) Call: 202-224-6342 Senator James Lankford (R) Call: 202-224-5754 Senator Cory Booker (D) Call: 202-224-3224 Senator John Fetterman (D) Call: 202-224-4254 Senator Bernie Sanders (D) Call: 202-224-5141 Senator Cortez-Masto (D) Call: 202-224-3542 Senator Raphael Warnock (D) Call: 202-224-3643 Senator Jon Ossoff (D) Call: 202-224-3521
Posted originally on the CTH on January 28, 2025 | Sundance
Acting Attorney General James McHenry has fired more than a dozen career prosecutors from Main Justice citing their work with the Special Counsel Jack Smith targeting of President Trump. This is an exceptionally valuable non-pretending approach toward eliminating the weaponization of the DOJ, the history of the manipulation of the DOJ/FBI serves as the backdrop.
Remember when Robert Mueller spent 2 years investigating the Trump-Russia collusion nonsense, and it was later discovered the investigative team (5o FBI agents) knew in January 2017, the Trump-Russia collusion claim was false. Why did those 50 FBI agents remain employed, when it was clear they knew there was no basis for the accusations? The simple non-pretending questions are always the starkest.
That’s the sentiment behind current Acting AG James McHenry, firing the lawyers who worked with Jack Smith. In addition to the fabrication of a prosecutorial predicate, the deployment of Lawfare is not based on factual law. The prosecutors showed their political bias by willingly engaging in a prosecution they understood was without merit.
(WASHINGTON AP) – […] The abrupt termination targeting career prosecutors who worked on special counsel Jack Smith’s team is the latest sign of upheaval inside the Justice Department and is consistent with the administration’s determination to purge the government of workers it perceives as disloyal to the president.
Monday’s norm-shattering move, which follows the reassignment of multiple senior career officials across divisions, was made even though rank-and-file prosecutors by tradition remain with the department across presidential administrations and are not punished by virtue of their involvement in sensitive investigations. The firings are effective immediately.
“Today, Acting Attorney General James McHenry terminated the employment of a number of DOJ officials who played a significant role in prosecuting President Trump,” said a statement from a Justice Department official. “In light of their actions, the Acting Attorney General does not trust these officials to assist in faithfully implementing the President’s agenda. This action is consistent with the mission of ending the weaponization of government.” (read more)
Posted originally on Jan 28, 2025 by Martin Armstrong
QUESTION: Justice Elena Kagan denied the petition to prevent California from investigating and probably jailing doctors who went against Newsom’s COVID-19 protocol. If I remember correctly, isn’t she the former Solicitor General who told them to release you because she could not explain how you were being held without any charge of civil contempt for 7 years?
FD
ANSWER: Yes, your memory is correct. The judge was as corrupt as Trump discovered in New York City. The Second Circuit Court of Appeals is corrupt and they only protect the judges and government and even refuse to order judges to stop committing felonies by changing the transcripts. To be thrown in jail on civil contempt, you should have an order that specifies what it is you are supposed to do. I NEVER had such an order, and when I asked for one, the Judge simply said to his Receiver, “I thought you did that.” I should have legally been released then and there. He kept me in prison without any order.
The reason there was no published order was that they wanted the computer code. They said they would close the company and fire 240 employees unless I turned over the code and even put it in writing to a lawyer offering to rent the company to keep the forecasts going.
Then, when my clients joined me and went after the bankers, they put a gag order on me to stop me from helping my clients against the bank. Then the bank pleaded guilty and returned all the money to my clients, and to justify still keeping me in jail, they claimed there was yet another fraud, without any charges or complaint no less any description. The judge still refused to release me without even a complaint filed. This violated Due Process of Law and the Second Circuit ignored everything.
The Second Circuit just kept me in prison for a civil contempt statute with a maximum sentence of 18 months as a Political Prisoner to protect the bankers and the government. The court transcript even states there is no description of any alleged fraud, but they still just kept me in jail indefinitely because they wanted to stop our forecasts.
When I finally got to the Supreme Court, they ordered the government to respond, meaning they were taking my case. That is when Justice Kagan first asked for a postponement, which I declined. Justice Kagan had no choice because the case was outrageous, and she told the NY boys to release me. They released me from contempt and then told the Supreme Court the case was “moot” to get out of the whole mess.
I had no restitution and no penalties. They knew I would be right back in the Supreme Court if they tried that. Today, this does present a problem. If I return to the Supreme Court, Justice Kagan and Justice Sotomayor would have to recuse themselves because BOTH were involved in my case. That would probably set a legal record to have two justices compelled to recuse from the same case. When released, you are supposed to have 3 years of supervised release. The judge in Trump’s case dismissed that, and in my case, I reported only once, and that was it. They were afraid I would go right back to the Supreme Court. As soon as I got out, Congress invited me to Washington, where I was introduced as the guy with this model they were trying to suppress.
When I was in Frankfurt, Germany, for the debut of the film On Me the Forecaster, there was a question-and-answer period at the end. A woman stood up and said this is what was wrong with America – just raw corruption. A German lawyer stood up and said: “We do this to people here in Germany all the time.” Governments really cannot be trusted to enforce laws. John Stuart Mills also commented in On Liberty: “Let us not flatter ourselves that we are yet free from the stain of legal persecution.”
Charles Dickenson also wrote about the corrupt legal system in Britain at the time. He said: “Suffer any wrong that can be done you rather than come here!” – The Court of Chancery, which I was in civil contempt, the equivalent of the English Court of Chancery.
Even Shakespeare wrote his famous line in Henry VI: “The first thing we do, let’s kill all the lawyers.” There were no lawyers for private citizens. Only the king had lawyers. The real meaning of those words was to kill all the king’s prosecutors for also legal abuse and corruption.
I have NO FAITH in our legal system. History confirms we are in serious trouble.
When the Rule of law collapses, the government is not far behind.
We really need to press that control-alt-delete and start over.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America