Have you heard of the duck curve? When Solar Power & Wind kick in, suddenly fossil generation must cease and when solar & wind collapse, fossil machines must suddenly generate putting enormous stresses on the machines.
Tag Archives: Juan Guaido
Letter to EPA giving facts of CO2 & Global Warming
This is a great summary paper by the esteemed Authors William Happer & Richard Lindzen
Spoofing = Manipulation?
Armstrong Economics Blog/Traders Re-Posted Aug 23, 2023 by Martin Armstrong
QUESTION: Marty, How the hell are you? It’s been too long. This case of charging manipulation of precious metals being “spoofing” is the end of the free markets. This eliminates the locals, and trading will never be the same. I remember when the lawyers over the insider trading cases with Michael Milken came to you, and you wrote about that back then and how they turned it upside down. Do you think turning spoofing into manipulation is the death knell of trading as we head into 2032?
Pat
ANSWER: Yes, it has been a long time. I don’t know how you trade size anymore. I would not want to trade a major fund in this atmosphere. I probably should explain why Milken and all those charged with insider trading were really innocent. During the Great Depression, insider trading was defined as a director who knew the company would go bankrupt, and he sold his shares BEFORE releasing that information. That is what REAL insider trading indeed was.
The problem with our law is that a prosecutor gets to create a new theory of the law and then charges you, and it can be precisely the opposite of what the law was intended to do. I saw them charge Muslims after 9/11 with money laundering because they paid off one credit card with another. That certainly was not the intent of money laundering. If you have cash now, they will consider it money laundering because you are trying to avoid taxes.
The theory they used against Milken was that, let’s say, you and I intend to take over General Motors. The legal theory was that we defrauded the person reading this from the same OPPORTUNITY to make money. They did not lose anything. They turned inside trading upside down. The various lawyers came to me because I had written about what real inside trading was back in 1986.
Trading has always been just a poker game. When I would call a bank for a quote, they would always try to read what I would do and move the spread in that direction. Sometimes, you have to pretend to be a buyer if you really have the size to sell. If “spoofing” is now manipulation, trading is finished. You cannot call Goldman Sachs and say, gee, I want to sell $1 billion. They will clip you.
John Maynard Keys wrote in 1926 “The End of Laizzez-Faire” which was the piece that argued that the government can MANIPULATE the economy by using interest rates to manage demand. It was the “New Economics” which completely failed. Before he died, he admitted he was wrong and that not even central banks could manipulate the trend of the economy, no less a single market. Paul Volcker, back in 1979, wrote about the failure of Keynesian Economics in his Rediscovery of the Business Cycle. I remember Paul and I had a conversation about that back in 1998.

Even Larry Summers, the father of NEGATIVE interest rates, admitted that economists cannot forecast the future trend of the economy. Absolutely NOBODY can manipulate any market that changes its direction. Yes, locals could gun for stops and move the quotes on the London Fix, so it kicks off the stops. But that does not change the trend. Those who have pushed this theory that the metals are manipulated have been wrong in their analysis. They push this theory that the metals rise with inflation when they have not done so for centuries.
Gold declined for 19 years, from 1980 to 1999, while the national debt kept rising so much for the debt and inflation theories. Gold does NOT rise with inflation – it rises with geopolitical uncertainty. And when we were on a gold standard, gold declined with inflation. Moving to some gold standard will NOT defeat the business cycle and prevent inflation. There is far more to inflation than just the nonsense of the quantity of money. Most of the theories these people push to sell their gold are false, and as a result, they then have to claim that gold has been manipulated to keep it suppressed to cover their ass, for their analysis is biased.
Even the propaganda they put out about the Great Depression is false. Commodities peaked in 1919 with the shortages thanks to World War I. Silver declined and made its low in 1932, with the stock market collapsing from its 1919 high. Then there is the propaganda that gold and the share market are supposed to decline because of Keynesian Economics raising interest rates. Sorry! That is also a myth and fake news, yet they preach that every time. The stocks soared, and they called it the Trump Rally while the Fed kept raising rates. Gold also rose with rising interest rates.
Welcome to the chaos and misinformation that has plagued investors since the Great Depression.
The Public’s Top if not ONLY Concern…
Armstrong Economics Blog/Inflation Re-Posted Aug 20, 2023 by Martin Armstrong
INFLATION
The public is not concerned about “Russian aggression,” the Trump inditement, or even the MSM wrench about aliens. No one cares — the average person is struggling to keep up with the rising cost of living. Homelessness is on the rise as people cannot afford shelter. The blank checks to Ukraine are a slap in the face of those begging for help at home. These politicians need to work for us. No one campaigning is going to make a dent in the polls unless they clearly detail how they plan to address INFLATION! And no, the problem is not limited to America. The solution cannot be a universal income, currency, or Great Reset. The economy was strong before they attempted to BUILD BACK BETTER.
Yellen: Most Americans Feel Good About Their Own Economic Situation
Armstrong Economic Blog/Inflation Re-Posted Aug 17, 2023 by Martin Armstrong
How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as a whole as doing less well than they are personally. But most Americans feel good about their own economic situation.”
The CNN reporter questioning Yellen mentioned a poll in question showing that 75% of Americans realize that the economy is in poor condition. Another 63% said they disapprove of how President Biden is addressing the economic crisis. The reporter asked Yellen if she could assure the people that prices would go down, and she said no. Inflation allegedly is declining based on government data but people are still paying significantly more for absolutely everything.
Yellen is completely in bed with the WEF and the BUILD BACK BETTER global elite. She admitted that the true reason behind the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted. She is either mentally impaired or dismissive of the true struggles Americans face. Since Biden is incapable of campaigning, Yellen is traveling around the states and touting the imaginary success of Bidenomics.
The most inflationary driver is war. When questioned, Yellen said it was simply Russia’s fault that the US was involved in this proxy war, and only the Russian economy is suffering. There are now questions on whether the white powdery substance found in the White House belongs to Yellen. She recently called the US debt downgrade “arbitrary” and disagrees with the data. She does not speak as an authority on economics, but rather, she speaks as if she were a puppet of the WEF implanted in government to spread economic-related propaganda.
Oliver Anthony Worldwide
Armstrong Economics Blog/WEF Re-Posted Aug 16, 2023 by Martin Armstrong
COMMENT: Not only has Oliver Anthony’s songs gone viral here (NA) but also in China. Messages indicate that any kind of attempt to reference/share to his songs is now banned across WeChat. Apparently, there is a cleverly-worded Mandarin “rap version” circulating.
So the emotions appear to be universal and now…possibly something like “star spangled banner” as far as focus for a lot of disaffected workers…Every major change needs a proper emotional “anchor” and this appears to be possible here…
Did the Romans or other civilizations that collapsed experience music/song as part of the downfall?
take care,
YK
REPLY: Our client base is in the millions worldwide. I get interview requests from around the globe. That is definitely showing that many people around the world are coming to similar conclusions. The elite are being driven by Schwab and his deranged ideas. As I have said, he is a control freak in how he runs his WEF. He is trying desperately to do that to the entire world. He has ZERO respect for humanity and our freedom from tyranny as well as freedom of thought.





























