“Legendary financial and geopolitical cycle analyst Martin Armstrong has new data on how well the Biden economy is doing. Spoiler alert: It’s not doing well, and the financial system is about to tank. I asked Armstrong if the US government could default on its debt if countries around the world continue to stop buying it? Armstrong explained, “I think the US could default on its debt as early as 2025, but probably in 2027. We have kicked the can down the road as far as we can go. It’s not just in the United States. Europe is in the same boat. So is Japan. This is why they need war. They think by going into war, that’s the excuse to default on the debt. They simply will not pay China. If they try to sell their debt–good luck. We are not redeeming it. The same thing is happening in Europe. So, once that happens, you go into war, and that is their excuse on this whole debt thing to collapse, which wipes out pensions etc. Then they can blame Putin. This is the same thing Biden was doing before saying this was Putin’s inflation. Then, with the whole CBDC thing (central bank digital currency) . . . . the IMF has already completed its digital coin, and they want that to replace the dollar as the reserve currency for the world. . . . These people are desperately just trying to hang on to power. Nobody wants to give it up, and nobody wants to reform.”
I asked Armstrong what should the common person be doing now? Armstrong surprisingly said, “I think you need, safely, two years’ worth of food supply. . . .This is what I have. It’s not just prices will go up, but mainly because there will be shortages. Then, you do not know what they are going to do with the currency. . . . They will do whatever they have to do to survive. That’s what governments always do.”
Armstrong says his most recent data suggests that government approval ratings in the USA are worse that Biden’s 8% approval rating. Congress, according to Armstrong, is dragging the bottom with a 7% approval rating. Armstrong has long said that people will buy gold and silver when faith in government crashes. That is exactly what Armstrong is seeing around the world today. Gold is bouncing around the $2,300 level, and Armstrong sees “a new gold and silver rally coming soon.” War is also coming sooner than later with the announcement that Ukraine will be joining NATO as early as July. When the next war starts, Armstrong warns, “You are going to have to watch the bank because long term interest rates are going to go up. Nobody wants to buy government debt, and you are going to have to hunker down at that stage in the game.”
Armstrong is also predicting a big turn on or about May 7th of next week. Armstrong predicts a recession will start then and go on until 2028. GDP will continue to fall, and inflation will continue to rise. Armstrong says it is the perfect storm for a dreaded “stagflation economy.”
America needs a strong leader to restore law and order in our society. Our leadership has chosen to create division and cause neighbors to turn on neighbors. We are facing the highest national debt in US history, lower purchasing power, inflation that will not wane, a sharp wave in crime, a housing crisis, two proxy wars with a third on the way, and no one has taken a stand to calm the fear of uncertainty that has caused the people to lose all trust in government.
Where is the POTUS, the commander-in-chief? Not only do the American people need the president, but all of Washington needs a centralized authority figure to connect each branch and cabinet. One of the president’s primary roles is to ensure that all of Washington is working collectively, but our current president is nowhere to be found.
Joe Biden has addressed the public on fewer occasions than any other president in the past four decades. The Times wrote, “For anyone who understands the role of the free press in a democracy, it should be troubling that President Biden has so actively and effectively avoided questions from independent journalists during his term.”
The Times even endorsed Joe Biden during the 2020 US Presidential election, but now they are forced to admit that the president is a failure. “That systematically avoiding interviews and questions from major news organizations doesn’t just undermine an important norm, it also establishes a dangerous precedent that future presidents can use to avoid scrutiny and accountability. That is why [publisher A.G.] Sulzberger has repeatedly urged the White House to have the president sit down with The Washington Post, The Wall Street Journal, Reuters, CNN and other major independent news organizations that millions of Americans rely on to understand their government.”
The press secretary refuses to answer questions on behalf of the president. He has been seen with note cards that dictate which reporters he may call upon during Q&A sessions, and those reporters are equipped with pre-approved easy questions. All of this is a deliberate attempt to hide Joe Biden’s failing mental health, as he always misspeaks when not reading directly off of a teleprompter. And people want another four more years of this mess?
I reported in December that Biden had spent at least40% of his entire presidency on vacation. The man with arguably the most important job in the world has set the record for taking more time off than any other president, collectively absent for over a year of his first and hopefully last term. He has only held four events before 10 AM and around a dozen past 6 PM. His former Press Secretary, Jen Psaki, once said that he does nothing prior to 9 AM, but it is closer to 10 AM if you look at any of his public schedules.
How will Biden physically manage an additional four years when he is not fit enough to currently hold office? He has refused to take a mental health examination, but we simply do not need one at this point. A company would crumble if the person in charge was absent, avoidant, or dismissive of any real responsibilities. But we accept this level of incompetency for the person in charge of a nation?
Posted originally on May 8, 2024 By Martin Armstrong
Short of joining Hamas, there is nothing Joe Biden will not do to secure the Gen Z vote. The latest plan will “forgive” $7.4 billion worth of student loans, which brings the total of loan cancelations under Biden to $153 billion. This new wave will benefit 277,000 borrowers/voters and cost the American public $559,000,000,000.
The original student loan forgiveness plan backfired, plain and simple. Payments were frozen in March 2020 under the CARES Act when countless people were out of work, and the program made sense. Millions of people simply stopped paying their loans as they believed Biden’s campaign promise to make all student loans vanish into thin air. By July 2023, over 7.5 million borrowers had defaulted on their student loan payments. Millions more were set to default in September 2023, when the COVID provisions were set to end. The Department of Education then decided to create an “on-ramp” period until September 2024 so that anyone who missed a payment would not face consequences.
Biden has “forgiven” billions in student loan debt since then, adding to the overall deficit and taxpayer burden. Amid low polls and pushback from academics and universities, Biden has decided to introduce a new wave of loan forgiveness. He has implemented the SAVE plan which has quickly shot up in costs from $475 billion to $559 billion. The SAVE income-driven repayment plan bases payments on a percentage of discretionary income, but low-income borrowers may be completely off the hook from paying back the debt they agreed to take on.
“As long as there are people with overwhelming student loan debt competing with basic needs such as food and healthcare, we will remain relentless in our pursuit to bring relief to millions across the country,” Biden stated. What about the American public that has seen the value of their dollar decline drastically since Biden took office? Joe Biden is blatantly BUYING VOTES and ignoring the economic implications as our national debt is perhaps the largest threat to our national security.
Halting repayments after the government agrees to shut down the global economy is one thing. Saddling the average American with additional tax obligations is extortion and economic tyranny. No one will forgive your mortgage loan, for example, a cost you agreed to take on. Biden continues to hunt down the American public for taxes to pay for his ridiculous spending plans that only benefit him and a select group of voters. The expected cost of student loan redistribution to the taxpayers continues multiplying as Biden’s poll numbers drop.
Posted originally on May 6, 2024 By Martin Armstrong
Now more than ever it is the duty of the state, not the federal government, to protect its citizens. Ron DeSantis signed a new bill in an effort to save Florida’s agriculture and cattle industry, and possibly a boost to the leisure and hospitality sector as well. S.B. 1084 will prohibit companies attempting to “manufacture for sale, sell, hold or offer for sale, or distribute” lab-grown meat throughout Florida.
US food standards are already extremely low as the USDA wants to keep you sick. Washington passed a bill in 2023 permitting companies to supply Americans with fully lab-grown “meat” products. The meat is made from pre-cancerous animal cells as they’re the most likely to replicate. They then shape this lab-grown unknown product into whatever shape they need so that it looks like real meat.
This is indeed part of the ESG agenda. Schwab and his World Economic Forum has pushed for the consumption of bugsas a viable protein option. Domesticated cattle have been destroying the climate, in their eyes, as it produces too much CO2. Major food producers like Tyson have also stated that they would begin using insects in their food, in addition to efforts to push lab-grown meat. Best of all, the FDA is currently NOT REQUIRED to label whether the meat is derived from an animal. The Food Safety and Inspection Service has not determined how they will label these products; therefore, you may be eating pre-cancerous fake meat cells without your knowledge in the near future.
Italy has passed a similar ban on lab-grown meat. While Florida is not known for its cuisine, this is a tourist destination and a state that is dependent (growing less dependent) on tourism. Restaurants on a federal level need not report what they are serving the consumer. This ban benefits not only Florida farmers and consumers but also the overall economy.
Some are complaining that the consumer should have the right to choose and that if there is demand, DeSantis should not prohibit companies from entering that new field. The problem becomes the underlying agenda to force the public to ingest unknown substances. No one knows the health consequences of lab-grown meat on public health. They are simply pushing out this lab-grown method to meet ESG rubrics and climate change standards at the expense of the population.
The cultivated fake meat industry was valued at around $247 million in 2022 and it is expected to spike to $25 billion by 2030 – right on time for Agenda 2030.
Again, state rights are now essential for maintaining our freedoms. The federal government has been bought and paid for by the globalists and has not acted in the interest of the American public in four years. Other states are looking to follow this ban as red and blue states become further distinguishable by rule of law, or lack thereof.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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