Posted originally on Aug 19, 2025 by Martin Armstrong |
Ousted World Economic Forum founder Klaus Schwab has been cleared on any criminal wrongdoing following an ongoing investigation into fraud. “Following a thorough review of all facts, the Board has concluded that … there is no evidence of material wrongdoing by Klaus Schwab,” the board announced.
As mentioned in earlier posts, the WEF after an anonymous whistleblower claimed Schwab conspired with USAID to steal tens of millions in funding. Back in April, the WEF said its board unanimously supported the decision to initiate an independent investigation “following a whistleblower letter containing allegations against former Chairman Klaus Schwab. This decision was made after consultation with external legal counsel.” The board then sought to repair its relationship with Schwab and restore his dignity, along with the pious name of Davos.
Peter Brabeck-Letmathe acted as an interim chairman, and now that Schwab’s name has been cleared, the WEF has appointed its new leaders– Larry Fink, CEO of BlackRock, and Andre Hoffmann, vice-chair of Roche Holding. In a joint statement, the men blatantly stated their plan to combine government and business:
“ The world is more fragmented and complex than ever, but the need for a platform that brings together business, government, and civil society has never been greater. We believe the Forum can serve as a unique catalyst for cooperation, one that fosters trust, identifies shared goals, and turns dialogue into action.”
Stakeholder economics is at the forefront. It is of no coincidence that the corporation that purchased a large share of residential real estate during the pandemic is now at the helm of the same company wishing to usher in 15-minute cities—you will own nothing “turns dialogue into action.”
Anyone reading this blog is well-informed on Larry Fink and BlackRock. Billionaire André Hoffmann of Switzerland is an interesting selection as Roche Holding, founded by his grandfather, is one of the largest pharmaceutical companies in the world. He is a major proponent for climate change efforts, yet his company has been accused of environmental breaches in the past.
Hoffman has been extremely critical of Trump and even denied the results of the 2024 US Presidential election. “I define myself as an idealist, and I would say that the couple of days after [Trump’s victory, it] was really quite difficult to pick [myself] up. This is a knockout,” says Hoffmann, speaking a few weeks after November’s US election. “Fifty-one per cent of Americans feel that a corrupt old man is going to make their life better? I’m sure it’s not true.” He criticizes RFK Jr. for investigating mRNA vaccinations and believes the people should blindly trust “the science.”
Larry Fink will work to force the corporate world to abide by ESG policies that he himself once decried. He will work on normalizing digitization of assets. Hoffman will focus on the health component of globalist dominance and control through weather manipulation theory. These men wield tremendous power individually but now plan to collaborate with the backing of the WEF to continue Schwab’s mission of the Great Reset.
Our computer had forecast that the WEF would enter a declining trend with the 2024 ECM turning point. This staged coup happened about 37 years after the first Davos meeting (8.6 x 4.3). From our model’s perspective, this was right on time. Now, Schwab and the WEF are working to repair ties.
Posted originally on Aug 14, 2025 by Martin Armstrong |
The Federal Reserve Bank of New York released a troubling quarterly statement as the total household debt in the US increased by $185 billion in the past three months, up 1% from last quarter, when total household debt reached $18.9 trillion. Total household debt in the US now sits at $18.39 trillion.
Housing debt increased 1.1% from April to June, now standing at $149 billion. Mortgage balances increased by $131 billion, notably the largest cause of household debt. Mortgage originations increased at a modest pace with $458 billion of debt added, while HELOC balances grew by $9 billion to $411 billion.
Non-housing debt rose by $45 billion, with credit card debt rising $27 billion to $1.21 trillion, up 5.87% YoY. Auto loans rose by $13 billion to $1.66 trillion. Student loans are now due for repayment, with total outstanding payments rising by $7 billion to an unsustainable $1.64 trillion.
Adults aged 40 to 49 hold $4.81 trillion of the total outstanding debt and experienced a $50 billion debt increase in the last quarter. Younger Americans between 18 and 29, naturally, have yet to accumulate much interest on their debt and owe $1.1 trillion as a collective.
Delinquency rates rose during Q2 as 4.4% of all outstanding debt is in some stage of delinquency. Compared to pre-pandemic levels, household debt is up by 30%. American households are experiencing a pattern of financial stress that has not meaningfully waned since the pandemic. The government has destroyed the purchasing power of the USD through endless deficits and inflationary policies. The US is not heading toward a recession; rather, we are in a period of stagflation with inflation outpacing GDP growth primarily due to rising costs and wars globally.
I said it once, and I will say it again: Our computer is demonstrating that volatility in unemployment will rise from 2026, peaking first in 2028 with a Panic Cycle in 2029. This also confirms our War Cycles for 2026. What we MUST come to grips with is that there is far more to understanding the economy from a single statistic perspective.
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