If the Brits leave the EU the EU fails shortly thereafter; and if the Brit’s merger into the EU then they will go down with the EU. The EU can not survive under any circumstances but the Brits could save themselves from going down with them; which means that The British government will make sure that the vote go to stay with the EU since the politicians are stupid and can see what they are doing. No one in their right mind would allow the mass migration from Africa and the Middle East in with no limits; there is no way to make this turn out good!
Tag Archives: Islamic Republic
Open Letter to the Guardian
Armstrong Economics Blog
Re-Posted May 30, 2016 by Martin Armstrong
(feel free to forward this article to everyone)
The Guardian headline is supporting government propaganda that 9 out of 10 economists warn of a dire future if Britain exits the EU. For a newspaper who published Snowden, I would expect a lot more integrity on this issue. The Guardian is reporting propaganda on a grand scale. They reported that “Some 72% [of economists] said that a vote to leave would most likely have a negative impact on growth for 10-20 years.”
The propaganda implies that economic growth in Britain has benefited from the EU single market since it joined in 1973. Let us expose the lies and corruption propagated by this pool of economists. Using the government’s own statistics from the Office for National Statistics, annual economic growth for Britain peaked BEFORE it joined the EU and has been declining ever since. This forecast that leaving the EU will have a negative impact on British economic growth is clearly a bunch off lies. Annual economic growth for Britain has fallen ever since it joined the EU in 1973. Each rally produced a lower economic growth peak.
This is the end of Britain if it remains in the EU and the media will not tell the truth or expose what is going on all to save the jobs of bureaucrats at the expense of their own families (feel free to forward this article to everyone). The British pound peaked against the dollar in 1864. It has been a bear market long-term. If the pound simply now closes below 14600 for 2016, it will fall to make new historic lows well under par to the dollar seen back in 1985.
Economists are notoriously incapable of forecasting the future. Larry Summers publicly admitted on Bloomberg that they are incapable of forecasting anything. I think they would have a far better chance of consulting a palm reader than a mainstream economist. If they cannot forecast the future, all they do is mouth whatever the government pays them to do. I have stated it before, when I was asked by the government back in 1985 to effectively “save the world” it was clear, they have such hearings only as a dog and pony show. The government then stands up and does what it wanted to do anyway and pretends they consult experts.

Because I spoke out against manipulating the dollar to reduce the trade deficit back in 1985 which started the G5 with the Plaza Accord, I have had a reputation of being outside the mainstream yet behind the curtain I have always been the one they all want to hear from. These politicians could not understand that they sold 1/3rd of the national debt to the Japanese back then and trying to reduce the trade deficit by lowering the dollar was just brain-dead. Saying they “wanted” the dollar down by 40% I warned would set off a crash within 2 years, which manifested in 1987. When that took place, then they wanted me again to contribute to the Brady Commission. My biggest accomplishment was at the end of the Brady Report, they said they thought “currency” had something to do with the event. There was no way that report would bluntly blame the G5.
Then these politicians in Congress reduced the tax advantages/amortization on real estate and created the S&L Crisis they had to bailout. There is absolutely no crisis created by the private sector – they have all be created by government right down to telling the IMF to provide loans to Russia so the bankers could exploit them and end up with the 1998 Long-Term Capital Management Crisis and the first Fed Bailout of a hedge fund. The faulty construction of the Euro is destroying the European economy and creating the greatest risk for civil unrest and European war.
In May 1997, the Treasury was publicly starting to try to talk the dollar down once again doing what they wanted to do politically. I wrote to Robert Rubin who was the one doing this nonsense. Note it was May 1997. I wrote reminding them of 1987 and that yes we were the firm consulted during that crisis.
Now notice the date when the future Treasury Secretary Tim Geithner responded quickly on June 4th within 15 days. They are well aware of our model and how it has called the shots globally for decades. The Asia Currency Crisis hit within weeks in July 1997. I have given it my best shot to try to help. I have been fortunate that the markets have always been like an ATM machine for me so I have never had to worry about making money to pay bills. This luxury has allowed me to try to help reduce the chaos in the world economy to no avail. Yet that crisis led to me being perhaps the first analyst to be invited to Beijing by the central bank.
Everyone behind the curtain knows of the accuracy of our computer. Fine, I do not do interviews with mainstream press for the simple reason they usually do not want to air what our models project. I was asked to appear with the French Finance Minister on national French TV, Mr. Sapin. He declined so they filmed a piece on me alone. Then he showed up at the TV station so they improvised and played the piece on me and then confronted him on TV. Of course his response was that nobody could forecast and what I had to say did not help “confidence” in government. He then went on to deliver his forecast how the French economy would boom. So it is not like the people in the highest place do not know about our model. It’s just that nobody wants to dare talk about something that warns they are dead wrong.

Let’s tell the truth here. The British will be given EU Tax IDS and will go down with the ship. British financial markets can be barred from short-selling on any whim from Brussels, and British corporations will find their taxes will be raised by Brussels. The structure of the EU government is ANTI-DEMOCRATIC since it removed every possible means for the people to ever change government. The one thing they get to vote on is the EU Parliament which neither introduces legislation nor does it vote to approve anything (see BREXIT – the Movie). That is all done behind the curtain. This is a dictatorship and every newspaper should be screaming at the top of their lungs if they really gave two shits about themselves as personal individuals of the future for their children. Is this not the same result had they just surrendered to Hitler?
The Euro WILL FAIL. The mainstream press will never report what our computer has to say when it goes against the government. Yes, the FT published in 1998 on the front page when we forecast that Russia would collapse. But that was Russia – not Western Society. Sorry, its the same computer model which is forecasting the collapse ahead.
I am shocked the Guardian has allowed itself to present the government propaganda rather than investigating the truth. They do not address the serious flawed structure of the Euro nor do they explain to the people what they will face, corporations, or how the financial markets of London are over. They certainly do not addressed that all British will get tax IDS from Brussels nor will they explain that corporate taxes will be set not by the Queen’s Parliament, but by Brussels. Why do they not address the issues in the BREXIT – the Movie?
Certainly the mainstream media would never bother to call me given the fact the EU Commission designing the Euro all attended our conference there in 1998 in London. They did not visit the 9 out of 10 pretend economists who preach the party-line because they are paid to regurgitate propaganda and are incapable of forecasting anything anyway. Why do you think all the banks support rejecting BREXIT? Because they are told to do so and no analyst in any bank could dare to tell the truth for the central banks will prejudice that bank. No institution will dare speak the truth for fear of government retaliation.
I was flat outright told to be a “good boy” and churn out bogus studies where the government tells economists what conclusion they need and I would be paid millions by them each year. They tried to seize our computer and have tried to silence our forecasts. But we survived everything because we do not put out the bullshit everyone else does just for money. I am concerned about my posterity. What kind of a world are we leaving behind? Nobody cares about their families any more?
I am very disappointed in the Guardian. They should be leading the charge and would find also their readership explode if they did. Brussels will destroy London. That is an ABSOLUTE CERTAINTY.
(feel free to forward this article to everyone)
Cameron getting Mainstream Media to Brainwash People
Armstrong Economics Blog
Re-Posted May 30, 2016 by Martin Armstrong
There are serious concerns arising in Britain how the mainstream media is on board on betraying the people at the request of the government. The press has been given the word to convince the people to surrender all their rights in Britain to save the bureaucrats in Brussels. The Telegraph newspaper has been using a different polling agency than they normally do in order to skew the pools to brainwash the British public that staying in the EU is the right decision and the majority are in favor.
Cameron has pulled out all stops to keep Britain in the EU. He is not telling the British that they will be assigned a tax ID number by Brussels and will be taxed to support the federalization of Europe. Cameron has called on Obama to the head of the IMF and the S&P to tell British they will be ignored if they leave Europe. There is no way the government is telling the truth and now mainstream media is in Cameron’s pocket. With so many people rejecting BREXIT, this demonstrates how important this is to prevent the meltdown of Europe. Britain is being told to commit suicide to try to save Brussels, which they cannot possibly do. This now includes the media.
Obama breaks with Saudi Arabia
Armstrong Economics Blog
Re-Posted May 30, 2016 by Martin Armstrong
Tension continue to build between the USA and Saudi Arabia. Besides allowing the Saudi’s to be sued in US courts over 911, the USA is cutting off providing cluster bombs to Saudi Arabia. The reason given purports this is due to reports of hundreds of civilian casualties in Yemen. In fact, the USA is no longer in need of energy from Saudi Arabia. Turning a blind eye has been the policy.
However, the tensions building in the Middle East combined with freeing the dollar from any reliance on oil has made all the difference in this political relationship. When Obama visited Saudi Arabia, he was not greeted at the airport by any member of the royal family but by a low level bureaucrat. This too, has contributed to Obama suggesting that the royal family should give was to democracy.
EU Passed Tax ID Numbers for Everyone
Armstrong Economics Blog
Re-Posted May 29, 2016 by Martin Armstrong
The EU is laying the groundwork for everyone in Europe to be given a new tax ID number in preparation for moving to electronic money. They are using a National Insurance number pretense to disguise the real objective. This scheme was passed by the Economic and Monetary Affairs Committee last week. This is another step in the federalization of Europe and even the British will have to comply. Naturally, nobody will report this in Britain because it obviously calls for a European Taxpayer Identification Number to keep track of every EU citizen, which include the British. The actual the European Commission text reads:
“Proper identification of taxpayers is essential to effective exchange of information between tax administrations. The creation of European Taxpayer Identification Number (EU TIN) would provide the best means for this identification. It would allow any third party to quickly, easily and correctly identify and record TINs in cross-border relations and serve as a basis for effective automatic exchange of information between member states tax administrations.”
This covert maneuver calls for the EU to take over member states’ corporate taxation powers with a common corporation tax base for Europe as a whole. The British corporations are suddenly going to taste the bitter bite of Europeans socialism and watch their taxes sky-rocket. That should help increase unemployment in Britain at a far faster pace than expected. This new legislation is banning sovereign member states from increasing their competitiveness by cutting corporation tax below 15%. Brussels is eliminating independence within Europe on taxes and this enables Brussels to be handed the ability to track every EU taxpayer, laying the foundations for a new European tax and to prevent competitive taxation to lure in companies from other members to help reduce local unemployment.
BREXIT = SWEXIT
Armstrong Economics Blog
Re-Posted May 29, 2016 by Martin Armstrong
Third Parties Rising Throughout Europe
Armstrong Economics Blog
Re-Posted May 28, 2016 by Martin Armstrong
This is what happens when politicians think they are smarter than the great unwashed whom they rule over. They lack common sense on every possible level. The rise of third parties is a reality and our computer has been spot on with this forecast for 2016. It accomplished this forecast by simply doing what government does not seem capable of doing — correlating political trends with economic trends.
Socialism is the lite version of communism where you let the people own property and freely buy and sell homes instead of dictating where they live, but you tax the hell out of them for the privilege of existing. They pretend to be all noble for they are taking your money for some greater good, but somehow there is a sea of hands in the pot belonging to government employees with pensions that often include free healthcare for life that nobody in the real world can possibly get.
Would you give to a pretend charity such as Hillary’s that actually keeps 88% for itself and precious little is actually given to needy people? Then Hillary takes a tax deduction claiming 10% of her income she donates to herself — tax-free of course. Now she is worth more than any other Republican who ran for office except Trump. Hillary Clinton’s campaign emphasized her charitable giving in a press statement, actually claiming she donated “10.8 percent” of her income in 2014. Politics reek of corruption. We deserve what we get for being stupid enough to put up with this stuff, regardless of whether we are talking about Democrats or Republicans. When it comes to money, there is no difference. Both parties always look to grab whatever you have for themselves, claiming they are helping the poor. The polls show that 57% of Americans believe Hillary is dishonest.

So what’s going on should be of no surprise. There are many separatist movements building throughout Europe all because government has become corrupt. There are separatist movements in Hawaii, Texas, and Vermont in the USA for starters. This is ALL predictable. All you have to do is let the data speak for itself — no water or hot air needs to be added.
Anti-American Propagandists Often Demand the Re-writing of History…
If we we had had more than two bomb we should have used all of them them on the Japanese and then left them there with no help and blockaded the island until they were all dead. This and may other stories are well known and documented and we we didn’t do more shows the restraint we had at the time. Obama is a fool and we known that so it will be good riddance when Obama is gone and when Trump undoes everything that Obama did.
UPDATE: **No Debate** – DNC Leadership Starts Freaking Out as Tech Company Puts Up $10 Million For Trump-Sanders Debate…
Well they all should be worried as they have all been taking advantage of America. Trumps Make America Great Again slogan does worry them as like many in this country they are all so on the dole. America can not provide things for the entire world they need to do that themselves!
We are at The Edge of Meltdown
Armstrong Economics Blog
Re-Posted May 27, 2016 by Martin Armstrong
We will have the BREXIT report out next week. This is incredibly important for the fate of Europe hangs in the balance. Politicians are only interested in saving their own jobs. They do not care about the people and the markets reflect this arrogance.
Nobody has seen a chart of the Euro v British Pound since the floating rate system began. We had to take the formula used and recreate it in time. You cannot use the ECU because the pound was included. This shows the dramatic high the Euro made against the pound in 1985. Even during the rally of 2008 when the Euro reached $1.60 on the greenback, it looks like a minor blip on this chart against the pound sterling. In 2015, the Euro fell to .6937 against the pound and then rallied to close at .73750. We have a Yearly Bearish Reversal at .73450 which it avoided like many other markets for year-end 2015. If we elect this Yearly Bearish Reversal, this is warning new lows even against the British pound.
We are standing at the edge of a cliff in the middle of an ice age where government is trying to control the media, polls, rate agencies, you name it, all to try to manipulate society to serve their own goals. The bureaucracy today would easily start a war to retain power. That is what they do. We are the great unwashed and collateral damage is part of life for them. We can see a possible bright future if we can really reform government. But they will never surrender willingly. We have to crash and burn to reach the other side,
Everything from gold and oil to the Dow and the euro are all trying to alert us there is something brewing here as we stand at the edge in the middle of nowhere. It is time to wake up before it is too late. We have to see the world markets are all connected and screaming at us, but the majority only focus on one or two markets and never see the wildcard coming from the other side.














