Armstrong Economics Blog/Corruption
Re-Posted Jun 14, 2019 by Martin Armstrong
QUESTION: With the private vs public debt and interest rate discussion, nobody is mentioning things like government legislation to forcing people to buy government debt. For example 401’s, IRA’s… must have or be in government debt.
Your thoughts?
ANSWER: Governments have often resorted to forced loans. When Italy was in trouble, they took 90-day paper and converted it to 10-year paper. Most people are clueless about the German hyperinflation. They assume it was due to the government printing money. The spark was December 1922 when the government confiscated 10% of everyone’s property and handed them bonds as a forced loan. Confidence completely collapsed at that moment.
This is all part of the process of the decline in confidence in the government. This is why the system is unsustainable. We will be heading into a great monetary crisis very soon.
Donatist Heresy and Leftist Hoax: Replacing Truth with Fake Victimhood
Published on Jun 10, 2019
Oz Talk: Jordan Peterson’s Rules to Live By
AOC & Buffett Think Alike?
Armstrong Economics Blog/Politics
Re-Posted Jun 11, 2019 by Martin Armstrong
Alexandria Ocasio-Cortez (AOC) attacked corporate politics, influence, and greed. She echoed Warren Buffett who recently told shareholders that if a bank needs a government bail-out, the responsible CEO and his or her spouse should lose their net worth. Interesting comment on Buffett’s part when he lent $5 billion to Goldman Sachs to prevent their bankruptcy during the 2008-2009 crash. It seems Buffett does not practice what he preaches
L.A. Pays Homeless $645,000 to Settle Skid Row Property Rights Case
Debate: What To Do About Poverty | Learn Liberty
The Future – Which Door to Enter
Armstrong Economics Blog/Economics
Re-Posted Jun 9, 2019 by Martin Armstrong
QUESTION: Good day Mr. Armstrong, I have been a student of yours since 2001 and am always amazed at your work. I am not one that can afford to go to your seminars, but would love to know all that you discuss there. Could you write a book about what all is discussed there?
My question is, I am in the process of moving from California, due to politics and their financial mismanagement. I am in escrow, but I am afraid of where to put my money from the sale of my home, it is my retirement, as I have put all of my savings into the home over the years. I plan on moving to a location with lower taxes and lower home prices and purchasing a home much less in price and save the rest of the money in case social security runs out. Are banks going to be a safe place to put money, or maybe a high paying dividend stock, or should I just bury it in my new homes backyard?? This is really quite frightening as I do not want to be forced out into the streets as a poor person after working hard for 65 years! We are very, very frugal so do not need a lot of income, just do not want to loose what we have. Thank you so much, and sorry to bother you, as I know you are very busy.
Bill
ANSWER: U.S. banks will probably be safe in general for the next two years. Just anything you put in a bank, do not lock it in long-term. Stay short-term — 2021 is where things start to go nuts.
As far as good equities, we will be in a position to look at that next year. As far as places, look at Texas or Florida. Florida has the better place for housing (homestead). Also, there is a high concentration of retired people in Florida. That provides greater resistance to dramatic changes
China – the Financial Capital of the World After 2032
Armstrong Economics Blog/China
Re-Posted Jun 8, 2019 by Martin Armstrong
QUESTION:
Marty,
You keep stating that the center of Finance will move to China. However, the world distrusts China, rightly so. How can they become the Financial Center if no one trusts them?
RLK
ANSWER: That will come only after 2032. Keep in mind, the West will be tested and the failed system of continually borrowing is why the confidence in the West will break. After that, it will become the lesser of two evils. The financial capital of the world always migrates. The British never saw how America could take their crown. Throw in a world war, and capital moves. I have dealt with this issue in detail. That report is available (see the Store for “China on the Rise”). It is available in printed form or in digital forma
True The Vote Wins Historic $2 Million Settlement Against IRS….
June 8, 2019
News we might have missed. Last week Catherine Engelbrecht announced a historic legal victory in her decade long battle against the IRS for targeting her group, True The Vote, as part of the Obama administration’s weaponization program against political opposition.
U.S. District Court Judge Reggie Walton issued a stunning ruling (full pdf below) in favor of True the Vote, and penalized the IRS. Judge Walton forced the IRS to pay maximum attorney’s fees due to discrimination against the conservative organization that stemmed from the Lois Lerner scandal. The financial award is likely to exceed $2 million.
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Ms. Engelbrecht gave Breitbart News an interview where she discussed the victory, SEE HERE.
Here’s the ruling:
.Ms. Engelbrecht’s case is actually connected to the political surveillance operation used against presidential candidate Donald Trump. Factually, the 2010 program to weaponize the IRS looks like the precursor to the 2012 program to weaponize the NSA database.
Political spying 1.0 was the weaponization of the IRS. This is where the term “Secret Research Project” originated as a description from the Obama team. It involved the U.S. Department of Justice under Eric Holder and the FBI under Robert Mueller. It never made sense why Eric Holder requested over 1 million tax records via CD ROM, until overlaying the timeline of the FISA abuse:
The IRS sent the FBI “21 disks constituting a 1.1 million page database of information from 501(c)(4) tax exempt organizations, to the Federal Bureau of Investigation.” The transaction occurred in October 2010 (link)
Why disks? Why send a stack of DISKS to the DOJ and FBI when there’s a pre-existing financial crimes unit within the IRS. All of the evidence within this sketchy operation came directly to the surface in early spring 2012.
The IRS scandal was never really about the IRS, it was always about the DOJ asking the IRS for the database of information. That is why it was transparently a conflict when the same DOJ was tasked with investigating the DOJ/IRS scandal. Additionally, Obama sent his chief-of-staff Jack Lew to become Treasury Secretary; effectively placing an ally to oversee/cover-up any issues. As Treasury Secretary Lew did just that.
Lesson Learned – It would appear the Obama administration learned a lesson from attempting to gather a large opposition research database operation inside a functioning organization large enough to have some good people that might blow the whistle.
The timeline reflects a few months after realizing the “Secret Research Project” was now worthless (June 2012), they focused more deliberately on a smaller network within the intelligence apparatus and began weaponizing the FBI/NSA database. If our hunch is correct, that is what will be visible in footnote #69:
Additionally, Matt Gaetz appears to have seen “a memo held in the Congressional Sensitive Compartmented Information Facility (SCIF) that contained previously-undisclosed information involving the Federal Bureau of Intelligence (FBI) and Department of Justice (DOJ).” [LINK] Which sounds like the MOU in the footnote, and the memo that Trey Gowdy and Jason Chaffetz inquired about.
[2012] Dear General Holder:
Recently, the “Wall Street Journal” (WSJ) reported you granted the National Counterterrorism Center (NCTC) new powers to store dossiers on United States citizens, even if said citizens are not suspected of any criminal activity.
With these new powers, the NCTC would have the ability to copy entire government databases holding information on flight records, casino-employee lists, the names of Americans hosting foreign-exchange students, as well as other data.
The WSJ goes on to report the new rules allow the NCTC to keep data about innocent United States citizens for up to five years and to analyze it for suspicious patterns of behavior. Previously, both were prohibited.
If the WSJ report is accurate, these new powers represent a sweeping departure from past practices, which barred the NCTC from storing information about ordinary Americans unless a person was a terror suspect or the information sought was related to an investigation.
If the WSJ report is accurate, it raises numerous concerns and questions. As elected Representatives and members of the House Judiciary Committee, we are concerned such sweeping, fundamental changes would be made to existing policy without public input and Congressional approval. Changes, which fundamentally alter the relationship between the government and the governed, should only be made with input from the people by and through their elected Representatives. (more)
Wall Street Journal Report Here
How this all comes together in 2019
Fusion GPS was not hired in April 2016 to research Donald Trump. As shown in the evidence provided by the FISC, the intelligence community was already doing surveillance and spy operations. The Obama administration already knew everything about the Trump campaign, and were monitoring everything by exploiting the FISA database.
However, after the NSA alerts in/around March 9th, 2016, and particularly after the April 18th shutdown of contractor access, the Obama intelligence community needed Fusion GPS to create a legal albeit ex post facto justification for the pre-existing surveillance and spy operations. Fusion GPS gave them that justification in the Steele Dossier.
That’s why the FBI small group, which later transitioned into the Mueller team, are so strongly committed to and defending the formation of the Steele Dossier and its dubious content. The Steele Dossier contains the cover-story and justification for the pre-existing surveillance operation.
During a rather innocuous podcast discussion panel April 12th, 2019, one of President Trump’s personal lawyers Jay Sekulow mentioned the FBI had three FISA applications denied by the FISA court in 2016. [Podcast Here – Note comment at 25:05] The denials were always suspected; however, until now no-one in/around the administration has ever confirmed.
If Sekulow is accurate, this adds additional context to the actions of the FBI in the aftermath of Admiral Mike Rogers and an increased urgency in gaining legal justification for surveillance and spy operation unlawfully taking place. A valid FISA warrant would help the FBI cover-up the surveillance. The likely targets were Manafort, Flynn and Papadopoulos…. but it appears the DOJ/FBI were rebuked.
These FISC denials would then initiate institutional panic dependent on the election outcome. An insurance policy would be needed. The Steele Dossier becomes the investigative virus the FBI wanted inside the system. To get the virus into official status, they used the FISA application as the delivery method and injected it into Carter Page. The FBI already knew Carter Page; essentially Carter Page was irrelevant, what they needed was the FISA warrant and the Dossier in the system {Go Deep}.
Fusion GPS was not hired to research Trump, the intelligence community was already doing surveillance and spy operations. The intelligence community needed Fusion GPS to give them a plausible justification for already existing surveillance and spy operations.
Fusion-GPS gave them the justification they needed for a FISA warrant with the Steele Dossier. Ultimately that’s why the Steele Dossier is so important; without it, the DOJ and FBI are naked with their FISA-702 abuse.
Schengen Agreement Dead – Killed by Refugees
Armstrong Economics Blog/European Union
Posted Jun 6, 2019 by Martin Armstrong
COMMENT: Dear Martin,
you are once more right with your view’s. EU’s Schengen agreement is going to die. From May 1st on, anybody in the EU has to carry an “A1 Certificate” if he or she is going on a business trip to avoid “social insurance fraud”. If not, you could be fined by up to 10.000,00 Euro.
Best regards
AC
REPLY: The cornerstone of the EU was to be the freedom of movement to create the United States of Europe. This became known as the Schengen Agreement to create a borderless Europe signed on June 14, 1985, between five of the then ten member states of the EU. It proposed the gradual abolition of border checks at the signatories’ common borders. Measures proposed included reduced speed vehicle checks, which allowed vehicles to cross borders without stopping, allowing residents in border areas the freedom to cross borders away from fixed checkpoints, and the harmonization of visa policies. However, this Schengen Agreement did not come into effect until March 26, 1995 (1995.232). It eliminated border checks among its members and allowed foreign visitors to travel throughout the area using one visa.
Britain has been preventing those non-EU citizens with Schengen visas from freely crossing the border into Britain. Someone from Ukraine with an EU visa cannot travel to Britain and subsequently to many former British Commonwealth states, such as the Bahamas, even for a vacation. Switzerland also is experiencing an anti-EU immigration trend.
This is what they always do. They cannot repeal the Schengen Agreement, for that would defeat the entire premise of the EU in creating the United States of Europe. They are using health insurance to prove you are really a citizen or legitimate resident of your country. It is always the same — wordsmithing. This is not my simple opinion. The Schengen Agreement was dead once they allowed the refugees into Europe.







