Tag Archives: JoeBama

Jun 24 2021

Parallels in Bankers 1930s – 2020s


Armstrong Economics Blog/ECM Re-Posted Jun 24, 2021 by Martin Armstrong

COMMENT: Marty,

You have written much about the period 1927-1929 dominated by the relationship between Monatgue Norman and Benjamin Strong; how pressure from Britain to keep rates in the US lower was intended to relieve pressure from Europeans fleeing for the US, attracted by our faster growth.

It seems eerily similar today, the conditions now with the US, first to restart after the lockdown, and Europe, which can’t get out of its own way. Stuck.

You remarked on the blog money is positioning now ready to make a move….as you have stated, higher rates are bullish…confirming strength in the economy, demand increasing, all bullish for stocks. What is missing is the Fed raising rates, or rather this time, the Fed having to follow, or worse, lose control of rates, which seems implied today…

Marty, if this is a replay, are we in 1927, 28…I assume 1929 is a long way off….

MS

REPLY: It seems to be close to the same timing of about two years, which would bring us to 2023. We can easily see that rates moved up from 3.5% to 6% at the Fed in hopes of stopping inflation. They have NEVER understood the markets or economy because they have relied on academics who only read books and have never traded.

My biggest problem here is that everything is upside down. To get such a crash in the stock market this time requires capital controls or a complete collapse in government and the financial system. During the Great Depression, sovereign defaults began in Europe. This pushed the dollar higher but not the US share market.  Note that the dollar rose in value during World War I, the 1931 Sovereign Debt Crisis, and again for World War II. During those waves of capital flows, the bulk of that capital always moved into government bonds.

We are facing a collapse in public confidence in government. How will capital move this time around when capital is moving away from governments? Will we see it move into the private sector exclusively, or will there be a capital flight to China as it becomes the USA of the 1930s?

Jun 24 2021

BlackRock in The White House


Posted originally on the conservative tree house on June 20, 2021 | sundance | 128 Comments

With Joe Biden in the White House you can expect to hear the name “Blackrock” in the headlines connected to a variety of issues from real estate purchasing to green energy projects with massive domestic and international investments.

BlackRock, Inc. (together with its subsidiaries) is a massive publicly traded multinational investment firm with over $8.68 trillion in assets under management [December 31, 2020 financial statement] in more than 100 countries across the globe.  To say that Blackrock is invested in globalism, climate change and leftist politics, would be a severe understatement {See Here}.  Larry Fink is the CEO and people like Cheryl Mills, Hillary Clinton’s attorney of record, are on the board.

Inside BlackRock there is a division called the BlackRock Investment Institute (BII) {See Here}.

Essentially the role of the BII is to tell BlackRock what is going to happen around the globe, and be the tip-of-the-spear in directing BlackRock where to invest money by predicting political events.

The Chairman of the BlackRock Investment Institute is Tom Donilon, President Obama’s former National Security Advisor (before Susan Rice), and a key advisor to Joe Biden throughout his career in politics.

You cannot get more deeply connected in the swamp financial schemes than Tom Donilon.

Donilon has been in/around government for 35+ years, deeply connected.  Before joining the Obama administration Donilon was a registered lobbyist from 1999 through 2005 for O’Melvney & Myers. {Bio Here} Tom’s sole client was Fannie Mae.  Fannie Mae is a government-backed private corporation that sells mortgages to investors.

Donilon took the lobbying gig because he was previously Executive Vice President for Law and Policy at Fannie Mae where he was responsible for Fannie Mae’s legal, regulatory, government affairs, and public policy issues.  Tom Donilon’s BlackRock Biography reads like a who’s-who of connections to the swamp {READ HERE}

Here’s where it really gets interesting.

♦Tom Donilon’s brother, Mike Donilon is a Senior Advisor to Joe Biden {link} providing guidance on what policies should be implemented within the administration.  Mike Donilon guides the focus of spending, budgets, regulation and white house policy from his position of Senior Advisor to the President.

♦Tom Donilon’s wife, Catherine Russell, is the White House Personnel Director {link}.  In that position Donilon’s wife controls every hire in the Office of the Presidency.

♦Tom Donilon’s daughter, Sarah Donilon, who graduated college in 2019, now works on the White House National Security Council {link}

So let me just summarize this….  The Chairman of the BlackRock Investment Institute, the guy who tells the $8.7 trillion investment firm BlackRock where to put their money, has a brother who is the Senior Advisor to Joe Biden; has a wife who is the White House Personnel Director; and has a daughter who is now on the National Security Council.

Put another way… Tom Donilon’s literal job description for BlackRock is to: “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and his wife is in charge of White House personnel, his brother is Senior Advisor to the President, and his daughter is on the National Security Council.

You seeing this?  Conflicts and insider information much?

The only thing missing is Hunter Biden being moved to the BlackRock board.

Now, I say again:.

Watch Where “BlackRock” and Biden Put Their Money…

Jun 24 2021

Jibberish Joe Announces Crime Prevention Program for Chicago Inner-City Violence by Eliminating Gang Access to F-15 Fighter Jets and Nuclear Weapons


Posted originally on the conservative tree house June 23, 2021 | Sundance | 262 Comments

If we can get the F-15’s and nuclear weapons out of the hands of the Chicago, New York and Los Angeles gangs we might be able to begin stopping the massive increases in violent crimes in those regions.  So says the logic of Jibberish Joe, the most powerful man in what’s left of his own mind.

Apparently someone, probably a new staffer at the White House, woke up Jibberin’ Joe in the middle of his nap and walked him to a podium telling him to start talking about reducing crime.   Much to the amazement of the enlisted audience, Ol’ Joe immediately started talking about gun ownership and how law abiding gun owners do not need 100 round magazines to fight against the anti-establishment ruminant clan (aka rogue battalions nationalist deer) who wear kevlar armor and hide amid the sage brush and trees of liberty.

Prior to the newly announced strategy to lower violent crime, the administration of Jibberish Joe announced they would empty jails for low-level criminal offenders, release federal prison inmates to protect them from COVID-19, stop the capture of illegal alien criminals, defund and redirect funds for law enforcement and drop the prosecution of drug crimes.

Apparently the White House and pearl-clutching media cannot draw a parallel between undermining/defunding law enforcement and massive increases in crime throughout the country.   Instead, the administration will address the increases in carjackings, rapes, beatings, robberies, arson and homicide by making it more difficult for Americans to purchase firearms.

However, on a positive note, Jibberish Joe is the first President in U.S. history to promise to make it harder for Chicago gang members to purchase nuclear weapons.  So there’s that.  He might not have lost all his marbles, but there is a big hole in the bag.

Jun 24 2021

Survey, 55 Percent of American Voters Support Election Audits, Including 57 Percent of Independent Voters


Posted originally on the conservative tree house on June 23, 2021 | Sundance | 163 Comments

Rasmussen has an interesting survey about election integrity issues [SEE HERE].  Within the survey the majority of likely voters support election audits including 71% of Republicans, 57% of Independents and 38% of Democrats.

Additionally, “[t]he new survey also found that 41% of voters still don’t believe that Joe Biden won the 2020 presidential election fairly”, that result is 7% higher than  February  when “34% of Likely Voters did not believe Biden won the election fairly.”  It appears the number of people who now see the 2020 election fraud is considerably higher than a few months ago.

[READ SURVEY RESULTS HERE]

With that many Americans now holding the opinion Biden cheated, you can bet the Democrat machine, BlackRock Republicans, Intelligence Community, DOJ and other vested interests are paying close attention.   The system cannot sustain itself with almost half the country organically believing the president is illegitimate.  Considering how the media drumbeat a narrative that is entirely the opposite, the results of this survey are quite remarkable.

With thirty-eight percent of Democrats supporting election audits, the system in DC is tenuous at best.

Jun 24 2021

Kamala Harris Announces Border Visit Just Days Before President Trump Event


Posted originally on the conservative tree house on June 23, 2021 | Sundance | 179 Comments

The transparency of the political positioning and timing is obvious.  Today, after months of obfuscation and avoidance, Kamala Harris announces she will visit the Texas-Mexico border only days ahead of President Trump’s border visit.

Interestingly -and not coincidentally- Harris is headed to the New Mexico, Texas, border region; about a thousand miles away from where the epicenter of the border crisis exists.  It appears the administration is trying to keep her in blue areas that are less likely to see organized protests against the regime.

Remember, McAllen Texas just elected a Republican mayor, and in stark contrast to the media narrative the south Texas/Mexico border region (80%+ Latino/Mexican) voted overwhelmingly for President Trump in 2020.

WASHINGTON DC – Vice President Kamala Harris is heading to the U.S.-Mexico border this week, amid an unrelenting chorus of criticism from Republicans over her failure to visit there.

Harris, who was tasked by President Joe Biden to lead diplomatic efforts to stem the flow of migrants arriving on the southern border, will make a stop in El Paso, Texas on Friday, according to sources familiar with the trip. She is expected to be accompanied by Homeland Security Secretary Alejandro Mayorkas. (read more)

President Trump took note of the timing…

Jun 24 2021

John McAfee Found Dead in Spanish Jail While Awaiting Extradition to the U.S. on Sketchy Securities Charges


Posted originally on the conservative tree house onJune 23, 2021 | Sundance | 263 Comments

They are saying it was suicide; however, John McAfee didn’t kill himself…. no way.  For years McAfee was a romantic outlaw, rough around the edges and a little weird at times, but he also consistently said various elements of the U.S. government were out to get him.

McAfee even put a tattoo on his arm saying he would not kill himself.  That is how certain he was that someone, some entity, would eventually want to shut him down.

McAfee was under securities charges for making money by recommending investments without disclosing his relationship to the investment.  The charges were always a little weird, and the claims of tax evasion never amounted to enough to warrant the severity of the effort to capture him, but the U.S. was adamant about getting him extradited.  Nothing about this sniffs right.  Nothing.

(Via ABC) – John McAfee, founder of McAfee Antivirus, was found dead in his cell in a Spanish jail, his lawyer confirmed to ABC News. The Spanish Interior Ministry also confirmed the death.

McAfee, 75, who was a household name in computer security software, faced securities fraud charges and extradition to the U.S. at the time of his death. Between November 2017 and February 2018, McAfee leveraged his fame as a computer programmer to make more than $23 million by recommending a number of “initial coin offerings” to his Twitter followers, federal prosecutors said.

The problem, according to prosecutors, was that McAfee failed to disclose he was a paid pitchman and promoting an investment product without disclosing you’re being paid to do so is unlawful. (read more)

Jun 23 2021

Lori Lightfoot- Worst Mayor In the Country


Posted originally on GrrrGraphics.com on JUN 23, 2021 AT 10:39 AM

Lori Lightfoot is the mayor of the nation’s third biggest city Chicago.  She’s not fit for the job. 

She favors defunding her own police department in a city with a skyrocketing murder rate. There were 700 homicides in 2020 alone. Naturally she blames guns rather than her anti-police sentiments. She simply wants to grab the guns.

There have been stories of her mistreatment of district aldermen who make up the city council. She’s been brusque with city employees and other city officials. She’s no longer well-liked by many voters there, but the system in Chicago doesn’t allow recalls. To top things off, Lori is racist. She announced she would no longer take questions from white reporters. 

Lightfoot also ignores Chicago’s tremendous debt and entitlements that must be paid. Will she massively cut spending or trim pensions? Of course not. Instead she will massively raise property taxes. Socialists such as Lightfoot will keep on spending other people’s money until it runs out. Perhaps she knows the corrupt Biden regime will end up bailing out her city. Taxpayers always end up getting punished for bad policy and corruption.

People may end up fleeing Illinois and its never-ending fleecing by incompetent politicians. If you like freedom and the ability to keep some of what you earn then Chicago is not your kind of town.


—Ben Garrison

Jun 23 2021

NYC Mayor Race 69% for Non-Politician – Trump Style Populism Again?


Armstrong Economics Blog/Politics Re-Posted Jun 23, 2021 by Martin Armstrong

The founder of Guardian Angels who stood against crime in NYC, Curtis Sliwa, took 69% of the Republican votes which looks like the populism of 2016 all over again. Sliwa scored a big victory as the Republican nominee for mayor. What this is showing is that crime is out of control in NYC. Police are abandoning the job taking retirement ASAP and recruits are hard to find because the Democrats have painted the police as all racist enemies. You could not ask for a more toxic atmosphere and this election provides a hint of what we are going to see in 2022 – a real revolution at the polls.

Society cannot function without the rule of law. The Democrats think that they can win by dividing the country and fueling the flames of race and class. This is not the unity which is the very purpose of civilization where everyone benefits by coming together. They are actually unwinding the very reason to form civilization and in the process create the very reason for the break up of the United States post-2032.

If they try to steal this election, those in power better stay in a safe room and never come out. People like this who have gone so far against the basic standard of civilization have NEVER survived history. Even the birth of the Roman Republic in 509BC followed by the birth of Democracy in Athens in 508BC was a political CONTAGION that swept the Western world because corruption reached this level of insanity.

It has been about 2530 years (nearly 3 x 8.6) since the sweeping global revolution against tyranny where Rome overthrew its Tarquin king in 509BC and within less than one year Athens also rose up and overthrew their tyrants in 508BC. The political contagion was GLOBAL in western society. In China, there was the unification about 221BC and then there was the revolution of Confucius also during the 6th century BC. Confucius was appointed governor of Chung-tu in 501BC. Despite the fact that these regions did not know of each other at that point in time, there were sweeping political revolutions that engulfed the world as a whole.

In Denmark, which normally sided with Britain in the EU Parliament, is moving toward DEXIT. Many are beginning to see the EU as the greatest danger – not Russia. The EU has turned so far left and these lockdowns will tear the EU apart. Instead of promoting a common market and expanding trade, they have raised trade barriers and are firmly in the hand of Klaus Schwab’s World Economic Forum.

Everything is starting to unwind. Indeed, 2022 will be the Panic Cycle in politics and we will focus on this fascinating forecast coming out of Socrates for 2022 at the World Economic Conference (WEC), the shift in assets from Public to Private, the rising inflation, and the prospect for gold and cryptocurrencies that Socrates has laid out.

The fact that Curtis took 69% of the vote shows that there is a political change in the wind that will result in the greatest surprises beyond what we mere humans can put together. This is what Socrates was born to do. There are people who hate me and usually try to kill the messenger. But I and here only to reveal the forecasts of Socrates – not my personal wishes or desires.

NOTE: Schwab’s first real WEF took place in 1987. To reach 50 years, he is counting his seminars before 1987. Our first WEC was in 1985, and before that, we too had seminars around the world. To go back to when you first began, 1971, is by no means justified to pretend you have been doing world events for 50 years which is an exaggeration. That is why Nigel Farage called the WEC the alternative to Davos.

Jun 23 2021

YouTube Censoring Putin for Disagreeing with Lenin


Armstrong Economics Blog/BigTech Re-Posted Jun 23, 2021 by Martin Armstrong

Putin did an interview where he revealed what he thought about Lenin’s entire Communist movement. He made it very clear that Lenin was NOT a statesman but just a Bolshevik Revolutionary. Putin also revealed his disagreement with the Great Reset, which is following the same mistake of Lenin. This interview has been removed by YouTube. The ONLY possible reason to remove it is that the West is following Marx, and Putin warned that was NOT the correct path for governments to follow. This action by YouTube implies that they are acting in the best interest of a totalitarian form of government and not what the United States enshrined in the Constitution.

They have removed people who talk about COVID or the vaccine. But this is far worse. This reveals that they are on board with a far more significant agenda — the destruction of all our freedom and a new world of totalitarianism. I would NEVER have thought their cancel agenda would go that far. But to remove the video of a head of state because he said Lenin was not a statesman is just unbelievable.

Jun 23 2021

Brotherly Arguments


Armstrong Economics Blog/Civil Unrest Re-Posted Jun 23, 2021 by Martin Armstrong

COMMENT: Martin,

My brother is in town today, and instead of discussing religion (always colorful, as he is agnostic and I am evangelical), we were discussing politics.

He is fleeing San Francisco because of their covid lockdowns and is appalled that his liberal friends took the whole narrative hook, line, and sinker. He calls himself a libertarian, but the discussion that we were having was on inheritance tax.  He believes that someone ought to be able to enjoy making as much money as they want (he is single with no children) without any repercussions, but that when someone dies, that money should be redistributed (or is he put it repatriated), to the needy in society.

At that point, my head exploded.

I was so flustered it was difficult to keep up with his broken definitions.  He asked if I thought Society had a responsibility to care for the needy (he never defined “needy”).  I answered no, that it was up to us as individuals to see needs and answer them personally, or as members of a church, give to causes if we so desire.  For a “society” (government) to coerce funds from some to give to others is extortion and bribery for votes.  He accused me of walking a thin line and asked where is there room in my thinking for altruism?  I pointed out that my wife and I have adopted three needy little girls from drug-broken homes.  I asked why he doesn’t voluntarily exhibit altruism to the needs he see, and he said he could.  However, when I asked point blank where his altruism is right now, he was rather flustered and finally pointed to the taxes that he pays, which I pointed out to mostly into the politician’s pockets.

What I didn’t think of until later is this: what gives anyone the right to decide what is the most “needy need” for someone else’s funds (or what he would call “society’s funds”)?  We cannot redefine extortion and bribery (for votes) as altruism.

I am so disappointed if his being brainwashed by San Francisco (even thinking himself a libertarian), that I am having trouble thinking straight.

Do you have any other advice on how to approach his fractured line of thought, or should I just wait until tomorrow when he is gone to try to undue all the poison he feeds my mother (a recovering Democrat) tonight?

DB

REPLY: Not really. Perhaps someone dropped him on his head in the delivery room. Humanity began with simply forming a bond between two people. Then they had children, and for thousands of years, until the 1930s and dawn of socialism, the children took care of their parents in old age. That is still the case in most third world countries and Eastern Europe. The introduction of socialism broke the family bonds. The children no longer support their parents, as that is what pensions and Social Security provide. Socialism altered the entire family structure for thousands of years.

What is taking place is that governments can no longer keep kicking the can down the road. This entire economic system is based upon an illegal Ponzi Scheme, especially now when they have lowered interest rates below the minimum threshold of 8% that they need to break even. They now either have to admit that what they have been doing since World War II (i.e., borrowing with no intention of paying anything back), or they must collapse the system into a new totalitarian state because all the pension and social funds will collapse. They have clearly chosen the totalitarian path and are relying on people like your brother to suppress the rest of us into economic slaves for their benefit.