Tag Archives: Hunt for Taxes

Apr 24 2023

BREAKING, Thundershock – Fox News Fires Tucker Carlson, Last Show Was Last Friday. This is the End of the First Amendment and “Free” speech.


Posted originally on the CTH on April 24, 2023

In a stunning development at Fox News, it appears they have fired the #1 television news host/pundit in the industry.

In a terse statement [LINK HERE]:

NEW YORK — April 24, 2023 — FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor.

Mr. Carlson’s last program was Friday April 21st. Fox News Tonight will air live at 8 PM/ET starting this evening as an interim show helmed by rotating FOX News personalities until a new host is named.

Tucker Carlson had the number one rated news and broadcast show across the entire media industry.

An immediate firing with no further shows?

This is a stunning breaking development!

Then again….

….. There are Trillions at Stake!

Apr 24 2023

Stoltenberg: Ukraine’s Rightful Place is in NATO


Armstrong Economics Blog/War We-Posted Apr 24, 2023 by Martin Armstrong

NATO Secretary-General Jens Stoltenberg confirmed that there would be a global world war on Friday when he announced that Ukraine will be invited to join NATO. Stoltenberg, who recently took a trip to Ukraine to show his full support, said that Ukraine will be permitted to join after the war ends. Zelensky is begging for NATO to permit Ukraine to join NATO immediately.

At a joint news conference in Kyiv, Zelensky and Stoltenberg spoke on NATO’s unwavering support for Ukraine. “Over the years, NATO Allies have provided training for tens of thousands of Ukrainian soldiers. And since last February, NATO Allies have delivered more than 150 billion euros of support, including 65 billion euros of military aid,” Stoltenberg said. “Let me be clear: Ukraine’s rightful place is in the Euro-Atlantic family. Ukraine’s rightful place is in NATO. And over time, our support will help you make this possible.” He said their approach will take multiple years to “ensure full interoperability with the Alliance.”

Stoltenberg went on to explain why NATO was helping an unaffiliated nation. He hit on every trick in the book, from it being “morally right” to demonizing the head of state (Putin) as if removing him could solve this crisis:

“I expect the NATO Allies to do so both because it’s the morally right thing to do. A sovereign independent nation in Europe, Ukraine has been attacked, as a victim of a brutal war of aggression and therefore it's Ukraine's right to defend itself and it's our right to support Ukraine in upholding the right of self defense, a right which is enshrined in the UN Charter but it's also in our self-interest. Because if President Putin wins it will make the world more dangerous and us more vulnerable, because then the message is that when authoritarian powers, like Russia, like President Putin uses forces, they get what they want. So it's in our security interest, it's in the security interest of NATO Allies to support Ukraine.”

Zelensky said, per usual, that the efforts of the West have not been enough. “There is not a single objective barrier to the political decision to invite Ukraine into the alliance and now, when most people in NATO countries and the majority of Ukrainians support NATO accession, is the time for the corresponding decisions,” the comedian who is running a country said.

If Ukraine joins NATO, World War III will begin immediately. Stoltenberg is buying time, as they did with the fake Minsk Agreements. NATO is afraid that Hungary and Turkey will turn away from the alliance if Ukraine is openly admitted. The comment section on the video I posted above shows how the public does not understand what is happening. People are cheering and saying Zelensky should win the Nobel PEACE Prize when he has turned down every olive branch Moscow attempted to extend. All these people want is war and they think of nothing else. Ukraine is nothing more than cannon fodder to them and the latest plot for the neocons to conquer Russia.

Apr 24 2023

Panic of 1857 & Gold


Armstrong Economics Blog/Gold Re-Posted Apr 23, 2023 by Martin Armstrong

QUESTION: Didn’t you also buy gold bars from the SS Central America ship that was discovered? The gold bugs hate you and say you are bearish gold but you buy a lot of it.

All the best

JE

ANSWER: Oh yes. I tend to collect important relics from major economic events.  The sinking of that ship set off a financial panic in NYC because the banks were counting on that gold shipment. I did buy bars. There were some 30,000 pounds (13,600 kg) of gold and about 15 tons were recovered.

They are a piece of history. I would not melt them down.

Apr 24 2023

Central Bank Hoard of Gold


Armstrong Economics Blog/Gold Re-Posted Apr 23, 2023 by Martin Armstrong

It is very interesting that I just purchased a hoard of $20 liberties, all uncirculated like the day they came from the mint and all dated 1904. The source was a foreign central bank. They were going through their reserves and came across this exciting hoard. It just goes to show that sometimes being disorganized results in new discoveries and excitement all the time. This batch was 500. The fact that every coin has the same date demonstrates that it was indeed a reserve asset directly from the Philadelphia Mint.

Apr 24 2023

The Great De-Dollarization


Armstrong Economics Blog/USD $ Re-Posted Apr 23, 2023 by Martin Armstrong

All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They are calling this the de-dollarization of the world economy and that the future of the US dollar as well as the American empire itself is now collapsing. The general claim is that the group of economically-aligned nations known collectively as BRICS is a major threat to the greenback. That was the same story we heard about the Euro back in 1997.

As their scenario goes, the BRICS [Brazil, Russia, India, China, and South Africa] have moved to form an anti-dollar colation and Saudi Arabia is considering jumping on board. They insist that once that happens, the “petrodollar” will die and cease to be a reserve currency.

This is then followed by the forecast that the economy will suffer and that any bounce in exports will be short-lived simply because the dollar will be dead for the long term. Of course, this has been the favorite forecast that they keep putting out since Bretton Woods collapsed. They were wrong back then for the dollar rose between 1972 and 1976 against the British pound, with the collapse of Bretton Woods. To try to explain why the dollar did not collapse, that is when they claimed that the dollar was backed now by oil rather than gold. That was just an excuse as always to cover up their wrong forecast.

They sold that story to Newsweek and now the dollar rally was because of oil which replace gold. Suddenly the dollar became de facto backed by oil. They needed an explanation to explain why all the old theories were wrong. They sold this theory and it made the front cover of Newsweek. Everyone said YES! That must be the reason. OPEC priced oil in dollars! Naturally, everything was priced in dollars because, under the fixed exchange rate of Bretton Woods, everything from wheat and corn to copper and gold was all priced in dollars.

Now they are saying the American empire is threatened by the potential commercial real estate collapse and the BRICS anti-dollar venture. So they are forecasting a great depression-style crash is possible in the not-too-distant future. They spin this to forecast the end of the America Empire. The London FT, always anti-American/Pro WEF, reports that the dollar as a reserve currency has declined from  73% in 2001 to around 55% by 2021. Yet the FT did state an obvious fact:

“But if you are a reserve-rich central bank elsewhere that isn’t going to be a lot of comfort. Moreover, would you really feel more comfortable in, say, the renminbi? Even if it was fully convertible and liquid, would you honestly feel more sure that Beijing will behave lawfully than DC? The dollar still looks like the proverbial least dirty shirt in the closet.”

COVID actually has played a major role in shifting the world economy. In 2020, the US economy was 24.75% of the world’s GDP. By the start of 2022, it had fallen marginally to 24.15%. What these dollar-forecasting jockeys do not understand, is that if they were correct and the dollar collapsed, then the very BRICS would collapse even further. Economically speaking, when the United States gets a head cold, the rest of the world catches ammonia. You can’t have it both ways. The strength of the dollar is not gold or oil, it is the American consumer.

The risk to the entire world is runaway inflation thanks to Biden pouring untold amounts of money into the black hole known as Ukraine. The Neocons, who control Biden, are planning to launch a war against Russia and China before 2024. This will only continue to accelerate inflation. That reduces the spending power of the American consumer and in the process, the US economic growth declines in real terms and with it, the rest of the world plunges into recession.

While Macron has figured it out that the Neocons are in charge of US foreign policy and he is telling Europe to stop being the puppet of the USA, that all sounds nice but Europe is marching into war with Russia. NATO is firmly in control of the American Neocons and they need war or face losing power. With Trump in the lead, they must stop him at all costs for he is anti-war, would haul the Neocons out by the necks, and defund NATO, as well as stop the climate change agenda.

The US dollar in the global economy has been supported by the size and strength of the US consumer-based economy. Its stability and openness to trade and capital flows without restrictions and it has never been canceled, are the major foundation of the dollar in addition to strong property rights and the rule of law. That is why Russians and Chinese buy US property for they are secure in their ownership of US property which cannot always be guaranteed outside the US.

Consequently, the depth and liquidity of US financial markets remain unmatched. For institutions parking billions, the United States represents a large supply of extremely safe dollar-denominated assets. Are they really going to switch to China or buy debt from Brazil?  Not a single institutional client will take that bait.

China has been divesting of dollar reserves because it KNOWS that the American Neocons want war. You do not fund your adversary who intends to wage war against you. China cannot shift reserve assets to Europe or Japan. They have been buying gold because it is geopolitically neutral territory. They are NOT buying gold as an investor thinking it will rally. That is irrelevant. If gold drops 25%, that does not translate into them becoming a seller.

The dollar in international reserves stood at 60+% at the start of 2022 against the US share of GDP at 24.25%. This comparison belittles the argument that the dollar is finished. Eventually, the US will lose the wars it is starting and the dollar will be replaced perhaps as soon as 2028. The IMF is already licking its lips and rubbing its hands together eager to get control of the reserve currency. But they too will collapse. We have a Directional Change next year and a Panic Cycle in 2025. So buckle up.!

Remember one thing, even with the debasement and collapse of the Roman Denarius between 260AD and 268AD, it still took 224 years for Rome to completely collapse. When war breaks out, capital flight will still be to the dollar. It will not be to public assets, but private. The United States is still supporting the entire world economy. The BRICS need the US consumer to keep their economies functioning. All this talk of the dollar being finished is really nonsense. That day will come, but when the US consumer no longer buys.

Remember 1997? The Euro was going to dethrone the dollar. They claimed the new EU will be a bigger economy than the US. The problem was, they lacked a consumer economy, and low taxes, and they routinely canceled their currency to force people to pay taxes. It is always the same story over and over again.

Apr 23 2023

The Contagion of War


Armstrong Economics Blog/Civil Unrest Re-Posted Apr 23, 2023 by Martin Armstrong

QUESTION: You have suggested that we will end up at war with China, Russia, North Korea, and even Iran simultaneously. How does Socrates conclude such an event that perhaps never happened in the past?

ER

ANSWER: Your assumption that such a thing has never happened is not correct. Periods of war of this nature unfold like a contagion of the flu. The English Civil War (1642-1652) which ended with the beheading of the King in 1649 was instigated using religion as the rallying cry.

In France, there was also an uprising that dramatically interrupted monarchy in 1648 by the uprising of a series of challenges to the absolutism of the King that came to be known collectively as the Fronde.  The Fronde (1648-1653) plunged France into civil disorder.  The king was even driven from his capital as several provinces revolted. This was a revolution demanding a right to participate in government. When the Fronde ended, the king was restored to absolute royal authority.

Of course, the Fronde may not have changed the French system of government, but it set the stage for the final French Revolution. Nevertheless, the American Revolution then spread with that spirit to overthrow monarchy becoming the France Revolution in 1789.

Throughout history, if we correlate the civil uprisings and forget about the claimed cause, we will see an amazing correlation. Throughout Europe, there was the communist revolution that spread to all the countries in 1848. When you allow the computer to correlate the world, what pops up is that the same Communist Revolution spread to Spanish Latin America, with Revolutions that appeared in New Granada that led to the fall of the government there.

Looking closer, you will see in Brazil there was the Praieira Revolt between 1848-1852. You also see the Mexican-American War, which was also in part inspired by the Battle of the Alamo (February 23 – March 6, 1836).

If we look closely, we will see that 1848 was a”world revolution” for revolutions broke out almost simultaneously in fifty countries from Europe down to Brazil. This era created resentments that lingered beyond domestic revolution and international war just as the reparation payments demanded by the French following WWI led to the rise of Hitler and WWII. The Revolutions of 1848 set the stage for the period that continued into 1880, marking a bloody century with 177 different conflicts.

Even the American Civil War ended slavery and became a contagion that spread to Russia and inspired the 1861 termination of serfdom in Russia.

Socrates has correlated everything. I am sad to report that we are looking at a global uprising. This time, it will be our pretend democracies that are no different than authoritarian monarchies that meet their demise post-2032.

Apr 23 2023

Tucker Carlson Keynote Speech During 50th Anniversary Celebration of The Heritage Foundation


Posted originally on the CTH on April 22, 2023 | Sundance 

Fox News #1 rated television host Tucker Carlson delivers a keynote speech at the 50th anniversary celebration of the Heritage Foundation.  Strong off-the-cuff remarks.

While outlining the largest challenges that we all see and feel surrounding us, Tucker Carlson notes there are some positives that deserve to be recognized.

First, no matter how widespread the herd mentality is; no matter how entrenched it becomes amid the mass population; there will always be those voices who do not bend to the pressure of the effort.  There will always be those people who have strength of character, the strongest internal compass heading, that refuse to kowtow to the acceptable narrative.  When you see those people, recognize them, celebrate them, hold them up and cherish their strength.

Second, accept that our current status is no longer a battle of ideas.  Our current battle is a contest between good and evil.  Once you make this admission, first to yourself, then to those around you, only then can you select the correct armor to defeat that enemy.  This is critical, even for the nontheological minds that approach the issues of largest consequence.  The war around us is bigger than an argument about social constructs.  This is a fight between two universal forces, good and evil.

Every action taken within what at times will be an insurgency, must be predicated against these acceptances.  WATCH:

“Put on all the armor that God gives you, so that you will be able to stand up against the Devil’s evil tricks.  For we are not fighting against human beings, but against the wicked spiritual forces in the heavenly world, the rulers, authorities and cosmic powers of this dark age.  So put on God’s armor now.  Then, when the evil day comes, you will be able to resist the enemy’s attacks; and after fighting to the end, you will still hold your ground“…

Apr 22 2023

INTERVIEW – WORLD WAR 3 IS WHAT “THEY” WANT AND ARE ON TRACK TO GET IT


Armstrong Economics Blog/Armstrong in the Media Re-Posted Apr 22, 2023 by Martin Armstrong

Apr 21 2023

About The New “Affordable Housing” Fees on Mortgages that Punish High Credit Borrowers


Posted originally on the CTH on April 20, 2023 | Sundance 

Stop looking at the Washington DC Potemkin village; start looking at the financial system behind it that controls it.

You may recently have seen this story:

WASHINGTON DC – Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees. (read more)

If you focus on the DC Potemkin Village, you view this move through the prism of Biden’s FHFA creating a policy to favor low-income (nonwhite) voters by punishing stable credit worthy borrowers.  That’s what the powers who control the levers, and create policy, want us to focus on.  That’s not what is going on.

Biden doesn’t control anything.  Biden is a puppet to the multinationals that control DC policy.  When Biden was installed, the people who control the money and wealth (Blackrock, WEF assembly etc.), the people behind the Potemkin Village, knew what the larger economic agenda would create.

{GO DEEP}. 

They knew BBB, or Green New Deal policy, combined with excessive govt spending would generate inflation.  They moved their money from inflation sensitive liquid and paper assets, into real estate.  Inflation raged, liquid assets depreciated, real assets (real estate) surged.   25% of housing was bought with investment dollars by institutional investors, housing prices skyrocketed – their investments increased accordingly.

The financial control operators avoided the consequences of the government policy they controlled.

Now, those same institutions need to turn those appreciated real estate assets into capital outcomes.  They need to sell the real estate.  However, the assets are now at maximum appreciation and dropping as a result of the central banking moves to raise borrowing rates.

How do they exit the investment?  They need a mechanism – a new policy to create the financial instrument that transfers the increased investment wealth back into their hands.

They need buyers.

How do they get buyers?  They create new policy.

That’s what is behind this new FHFA rule.  Fannie Mae and Freddie Mac will create a new category of buyers that allows the investors to sell the real estate assets at higher appreciated values and exit their investment.  They will transfer the depreciating loss of the asset to the new buyers, like a game of hot potato.

Learn to look behind the Potemkin Village to the institutional financial operators who control the laws, rules and regulations.  This is all a continual game of wealth transfer and redistribution.  There are trillions at stake.

Look at who moves the money around and how they position govt policy for the shifts into and out of the financial system they control.   All of this is being controlled, and Joe Biden has no idea what is happening beyond the talking points that are put in front of him.

Apr 21 2023

March Housing Sales Drop 2.4%, Year Over Year Decline of 22% From March 2022


Posted originally on the CTH on April 20, 2023 | Sundance

As higher interest rates continue to put pressure on borrowers, the ability of the average person to afford a mortgage diminishes.  Higher mortgage rates lead to downward pressure on residential home values as fewer borrowers can afford higher payments.  Simultaneously, commercial real estate is dropping in value as vacancies continue increasing.

Put both of these issues together and already tenuous banks holding mortgage bonds as assets can become more unstable.

This dynamic creates the continual tremors in the background of an economy already suffering from high inflation and low consumer purchasing of durable goods.

A perfect storm starts to realize.

(Wall Street Journal) U.S. existing-home sales decreased 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. March sales fell 22% from a year earlier.

March marked the 13th time in the previous 14 months that sales have slowed. The housing market had a surprisingly strong February, when sales rose a revised 13.75% from the previous month. But after mortgage rates ticked higher, March sales resumed the extended period of declines.

The housing market’s slowdown is now starting to weigh on prices, which have fallen on an annual basis for two consecutive months for the first time in 11 years. The national median existing-home price decline of 0.9% in March from a year earlier to $375,700 was the biggest year-over-year price drop since January 2012, NAR said.

Median prices, which aren’t seasonally adjusted, were down 9.2% from a record $413,800 in June. Home prices in the western half of the U.S. experienced some of the biggest gains for many years but are now falling the fastest.

[…] Housing starts, a measure of U.S. home-building, fell 0.8% in March from February, the Commerce Department said this week. Residential permits, which can be a bellwether for future home construction, dropped 8.8%.

The housing market slowdown shows one of the main ways that the Fed’s aggressive interest-rate increases are rippling through the economy. Housing is one of the most rate-sensitive economic sectors, and high housing costs have been a big contributor to inflation. (read more)

Before looking at today’s graph showing median existing home values, remember me saying this in 2021?:

“I said in June, at a macro level home prices had reached their peak (last two weeks of May, first two weeks of June was apex).  Obviously, there are some geographic home value increases still happening as COVID related regional issues and work opportunities are shifting populations.  There is also a lag and ripple effect that takes time to work through the economy.  The macro-apex will not be visible until next year.”

When I said that in 2021, people said I was wrong.   Well, with hindsight now visible within the data as it is reflected, look at the result:

May and June 2021 was the peak of year-over-year percent of change in median home value increases.

So, what was going on?

As CTH outlined in 2022:  If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident.   Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).

As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard etc) was moved into hard assets with tangible value.

This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations.  CTH was writing about this in 2021, and sounding alarms as it took place.  25% of all real estate purchases were being made by institutional investors.

We The People got screwed. 

The dynamic was predictable.  The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation.  CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.

Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages.  It is entirely self-created by western governmental policy; the collective ‘Build Back Better’ agenda.  You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.

We the People were yet again going to be victims of specifically intended monetary, regulatory, energy and economic policy.

The investment class rulers of the WEF assembly shifted assets to avoid the pain that we would feel.   We “would own nothing and be happy,” and their shifts would position them to own everything and be in control.

Overall govt spending and regulatory controls drove inflation for these past two years.  The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this.  Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation, not demand side.

Energy policy was/is crushing the consumer by driving up the cost of all goods and services.  To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates.  Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.

In short, the goal was/is to lower energy consumption by shrinking the economic activity.  This, according to the BBB plan, was needed at the same time as energy development was reduced.  These economic outcomes are not organic, they are all being controlled by collective western government agreement.

Within this control dynamic, there was always going to be a point where the reaction of the people to their economic reality means the financial control elements need to shift direction.  They will always maximize profit and minimized risk, while knowing what the larger objective remains.

Just like every other durable good, housing demand contracts as prices and costs become unaffordable.  The loss of equity within your home is damaging to your own value or ability to borrow against it.

From the perspective of an institutional asset, that same equity drop is an investment loss.  However, the investment loss is not materialized until the sale of the lower valued asset is completed.  Retaining declining real estate on investment books, creates an artificially high appearance of the investment result; unless and until the real estate is sold at a diminished value.

As mortgage rates rise, just as a consumer would pull back from the housing market, so too will institutional investment groups now control the slow dumping of the asset to remove the equity they pumped into it.  Much of the investment housing will be retained as rental housing, with the monthly rents being part of the returns on the investments.    However, as this dynamic unfolds further investment purchases of houses stop, because the asset overall is declining in value.  This halt of investment activity also worsens a steeper drop in home values.

Notice this line within today’s WSJ article: “The housing market had a surprisingly strong February, when sales rose a revised 13.75% from the previous month.”

What happened in February?  The BIG CLUB [Blackrock, Vanguard, Citadel, etc.] moved liquid assets out of banks into hard assets (real estate), to avoid a predictable banking issue which surfaced a month later in March.  They knew what was going to happen in banking, they moved their own assets to avoid it.