Posted originally on Apr 8, 2025 by Martin Armstrong
James Garrison served in the U.S. Army Air Forces during World War II, joining the year before the Japanese attack on Pearl Harbor. Jim Garrison’s military career trained him as a pilot and was assigned to the 8th Air Force in Europe. He flew reconnaissance missions over Nazi-occupied territories, contributing to intelligence-gathering efforts. His role involved photographing enemy positions and assessing bomb damage. By the end of the war, he attained the rank of lieutenant and was honorably discharged.
After WWII, Garrison joined the Louisiana National Guard while pursuing his legal education at Tulane Law School (graduated 1949). He remained in the National Guard throughout the 1950s, rising to the rank of lieutenant colonel. He retired from military service in 1957 to focus on his legal and political career. After the war, he obtained a law degree from Tulane University Law School in 1949. He then worked for the Federal Bureau of Investigation (FBI) for two years, stationed with the Seattle office.
His military experience informed his leadership style, but did not directly overlap with his later role as District Attorney of New Orleans (1962–1973). Garrison is better known for his controversial investigation into President John F. Kennedy’s assassination, which overshadowed his military contributions. Garrison’s military career demonstrated a commitment to service, though it remains a lesser-known aspect of his life than his legal and political endeavors.
Jim Garrison stepped into the middle of the Neocons’ nest of corruption. During the 1960s, they were scheming to get us to (1) invade Cuba, and (2) invade Vietnam. In both cases, they assumed the Russians were behind both and with all of their conspiracy theories that Russia was trying to destroy the United States, thanks to Kruschev’s boast We will bury you, which launched their attempt to seize control of the United States’ foreign policy.
President Kennedy violated the NEOCON FIRST RULE – NEVER TALK TO A RUSSIAN!. Kennedy and Khrushchev first met at the Vienna Summit in June 1961. Before meeting face to face, their contact began when Khrushchev sent Kennedy a message on November 9, 1960, congratulating him on his presidential election victory and stating his hope that “relations between [the US and USSR] would again follow the line along which they were developing in Franklin Roosevelt’s time.”
There were some Russians who were anti-Khruschev and risked their lives to inform the US about his plans for Cuba and what became known as the Cuban Missile Crisis of 1962. What the Neocons ignored was that there was a coup in Russia to overthrow Khruschev. They hated all Russians, no matter what.
I was just 10 years old when my father took me to Willingborough, New Jersey, during the 1960 campaign to listen to JFK. I shook his hand, but unlike Bill Clinton, that did not make me want to become president. I remember the hatred of those days. First, it was that the Pope was going to run the United States because he was Catholic. Then later, I remember people calling him a traitor for meeting with Khruschev.
Then the CIA proposed on March 13th, 1962, to kill Americans to create a false flag to blame Cuba to justify an invasion. This was Operation Northwoods. JFK concluded that these Neocons were deranged, evil, and had no problem killing people to create war. He wanted to terminate the CIA. The CIA was pulling off covert operations that were never authorized. Established in 1961 by President John F. Kennedy to unite several foreign assistance organizations and programs under one agency, statute law places USAID under “the direct authority and policy guidance of the Secretary of State.”
The goal of this agency was to counter Soviet Union influence during the Cold War and to advance U.S. soft power through socioeconomic development. USAID was subsequently established by the executive order of President John F. Kennedy, who sought to unite several existing foreign assistance organizations and programs under one agency. Anyone dealing with Washington has always heard that this was a mega slush fund. It started with the CIA, but the Democrats used it to promote their Marxist agenda. Kruschev was right, our enemy would come from within. Despite Marxism failing every time, the Democrats still preach the class warfare hatred of Karl Marx.
Video Player
00:00
00:23
Then, on June 10th, 1963, after the Cuban Missile Crisis, Kennedy made what has been called his Peace Speech. That seemed to have been the turning point when I would hear people talking, calling him a traitor. Then, about 5 months later, the Neocons assassinated JFK. John F. Kennedy, the 35th president of the United States, was assassinated while riding in a presidential motorcade through Dealey Plaza in Dallas, Texas, on November 22nd, 1963
Beginning in March 1964, Supreme Soviet presidium chairman and thus nominal head of state Leonid Brezhnev began plotting Khrushchev’s removal with his colleagues. Brezhnev had initially considered having Khrushchev arrested for treason. Cooler heads prevailed, and it was decided that persuading members of the Central Committee to support the ousting of Khrushchev was the better choice to avoid civil war. Khrushchev was absent from Moscow between January and September 1964, allowing the dissent to fester inside Moscow.
Garrison said in response to an NBC program that was highly critical of his pursuit of the alleged Kennedy assassination conspirators in New Orleans. On July 15, 1967, NBC allowed Garrison to give that response on the air.
Oliver Stone’s famous film, JFK, followed the prosecution of Jim Garrison and the tremendous effort to cover up the assassination of Kennedy and the immense effort to exonerate the CIA and maintain that Oswald was a lone shooter. Oliver Stone did a second film, a documentary, JFK Revisited.
The day after Kennedy was assassinated, Johnson had a meeting about going to war in Vietnam, all because the Neocons assumed that Russia was behind that. Robert McNamara, before he died, apologized, saying that they were wrong – it was just a civil war, and Russia was not involved.
Some say there is an unanswered question about the following timeline:
On March 1, 1967, Garrison arrested and charged New Orleans businessman Clay Lavergne Shaw with conspiring to assassinate President Kennedy, with the help of Lee Harvey Oswald, David Ferrie, and others.
On July 15, 1967, NBC allowed Garrison to give his response to NBC’s critical program about him.
On January 29, 1969, Shaw was brought to trial in Orleans Parish Criminal Court.
On March 1, 1969, a jury took less than an hour to find Shaw not guilty.
The question is, when did NBC obtain the evidence that Oswald could not have shot Kennedy, because NBC has a photo showing Oswald on the street at the time shots rang out? If that evidence was in the hands of NBC before July 15, 1967, then NBC let Garrison perform a dog and pony show when he gave his response to NBC’s “highly critical” program about him on air on July 15, 1967. If NBC obtained the evidence after July 15, 1967, but before January 29, 1969, it withheld crucial evidence from a criminal trial and thereby acquired every bad attribute, badge, and brand that anyone who withholds evidence must bear forever – obstruction of justice involving the assassination of a president.
After JFK’s assassination, Marina cooperated with authorities, including the Warren Commission. She testified that Lee owned a rifle resembling the murder weapon and acknowledged his pro-Castro sentiments and erratic behavior. Her testimony contributed to the Commission’s conclusion that Oswald acted alone.
Expressed Doubts Over Time:
In subsequent years, Marina began to express doubts. She questioned whether Lee could have acted alone and suggested the possibility of a conspiracy. In her 1978 book “Marina and Lee” and interviews, she speculated about external influences or a setup, though she did not outright deny his involvement.
Later Statements:
By the 1990s and 2000s, Marina continued to voice skepticism about the official narrative, emphasizing gaps in evidence and the plausibility of a broader plot. However, she stopped short of definitively exonerating Lee, often maintaining ambiguity about his exact role.
–
One document that the CIA has been hiding is the Gary Underwood document that states plainly that the CIA ASSASSINATED Kennedy. The reason this is important is that the Neocons are still running the show, lie about everything, and are in complete control of Europe, and are moving to achieve their ultimate goal – the total destruction of Russia, which is not fulfilling Ukraine’s ethnic cleansing of all Russians.
For example, Stone’s 1991 film “JFK” faced harsh pushback from historians for its suggestions that Kennedy’s death was the result of high-level conspiracies. Here, Oliver Stone appears after the most recent testimony before Anna Paulina Luna’s commission.
Conclusion:
Marina Oswald never categorically denied Lee’s involvement but evolved from initial cooperation with the official investigation to expressing persistent doubts about the lone-gunman theory. Her later remarks leaned toward skepticism, hinting at conspiracy possibilities without entirely absolving her husband.
World War III is unfolding before our eyes because the Neocons have been protected since the JFK assassination!
Posted originally on Apr 8, 2025 by Martin Armstrong
PART II
QUESTION: Is he breaking the London metals dealers’ hold to suppress the gold price?
ANSWER: I am tired hearing the same constant bullshit about gold is suppress intentionally by dealers and that is why it is not $10,000. I have traded against these people for years. Here is a clip from the Forecast with Barclay, who used to work for me years ago, talking about how he checked me out before taking the job with Goldman Sachs.
Every manipulation that these dealers ever pull off was to the upside – not to suppress gold. They sell 10x more when people think gold is rising, not declining. This BS claim was explained that they were suppressing gold to help the government keep inflation in check. This is total BS!!!!!
Back in the 1970s when I was one of the largest market-makers in gold, I was buying the scrap gold from stores in the country that people were selling to back then and refining it at Engelhard into 100-ounce bars for delivery into COMEX. PhiBro was who you would call to sell to Engelhard, locking in the prices. PhiBro made so much money that they bought Solomon Brothers, the bond house on Wall Street, and took the manipulation tactics to Wall Street, and then that blew up. That is when Warren Buffett stepped in to save the company, and that is how he got pulled into silver manipulation scams of the day.
Nelson was one of my customers. In the early days, we bought silver certificates and redeemed them at the Treasury for 1,000-ounce bars. They generally had a permanent marker applied, often with two numbers, 102.6 and 120. The first implied it was 102.3 oz., and the second may have been the number of silver certificates it represented. Nelson was buying them when silver was $1.29. The U.S. Treasury primarily used 1,000-troy-ounce silver bars for the redemption of silver certificates. These bars were standardized for commercial and governmental use, aligning with industry practices for efficient storage and handling.
Historical Context: During the redemption period (late 1800s–1968), the Treasury managed large silver stockpiles, often stored in bulk. The 1,000-ounce size was practical for large-scale transactions and storage.
Commercial Standards: The 1,000-troy-ounce bar was (and remains) a common “good delivery” standard in precious metals markets, ensuring consistency in domestic and international trade.
Legislation and Practices: Acts like the Pittman Act (1918) and the Silver Purchase Act (1934) involved melting silver coins or purchasing bullion, likely using standardized bar sizes. The Treasury’s silver reserves, including those backing certificates, were held in forms compatible with industrial and monetary needs.
Thus, 1,000-troy-ounce bars were almost certainly the standard, though smaller denominations (e.g., coins) were also available for individual redemptions.
A funny story, I had $1 million credit line by the time I was 21 with the bank. It was funny because you did not have to deal with age or things like that. I had a business with employees and inventory, as well as sales. They granted you credit based on those things. They would assume I was older and just say, “You look good for your age.” I would just reply: “Thank you.”
I went to my local bank and wanted to borrow $2 million to buy silver. I told them I had a client, Nelson, who was going to take silver up dramatically. I may have even said $50 – I don’t recall. I told the bank they could hold the silver, which I thought made sense. I was turned down, and my banker called me in and explained that I should have just said it was for inventory, and I would have been approved. It was illegal for them to lend for speculation. For years, he told people that if he had bought silver himself, he could have retired by 1980.
By February 1979, Hunt’s name was being thrown around all over the place, and they were saying silver was going to $100. That lured people in to buy, and they took silver up to test the $50 between February 1979 and January 1980. All the manipulations I have witnessed in the metals have been to lure people to buy, not sell, and suppress the prices. That is just stupid. Do they not make money by suppressing silver or gold to help the government? Come on.
Nelson was also an avid ancient coin collector. Sotheby’s sold his collection, and it remains a significant sale often referred to. His collection ranked up there with J.P. Morgan and King Faruk.
I have said countless times, gold rises NOT with inflation, but with geopolitical issues. Here was the National Debt Q2 1980 at $877.614bn. As of Q2 2024, it stood at $36,218bn. The debt has risen 40.29% since 1980. Gold hit $875 on January 21, 1980, in the cash market. If gold rose because of inflation or the debt level, then it should be $35,260 per ounce. The gold dealer could buy all of Wall Street with that price.
These people who make up these excuses are unbelievable. Gold pays no interest, which is why they lease it out. Otherwise, it is a dead asset that brings in no income. It is a hedge against the government in times of uncertainty—that’s it. It is not a hedge against inflation or the size of the debt. That has been a great sales pitch, but that is it.
Posted originally on Apr 7, 2025 by Martin Armstrong
QUESTION: Mr. Armstrong, you have said that we have lost manufacturing because of taxes rather than tariffs. I believe you also said that a trade deficit is not a bad thing under your capital flow analysis. Can you please explain this? The press seems to say the opposite, but they are political fake news.
Thank you
GG
ANSWER: There are two account balances: the capital account and the trade/current account. Just because we have a trade deficit does not mean that it is negative for the economy. That is offset by the capital account, which is money coming in that is (1) foreign capital investing in the USA, from treasuries, shares, to real estate, and (2) US companies bringing capital home. Under Ronald Reagan, we had a rising trade deficit, but the economy was booming.
Volcker’s insane interest rates attracted foreign capital, causing the dollar to rise dramatically and sending even the British pound to nearly par in 1985. As the dollar rose, that brought down inflation, but it attracted foreign capital inflows. Interest expenditures flow through the current account when they flow outside the USA. That had nothing to do with goods or even services. It was interest payments on the debt.
The corporate tax rate in Michigan is a flat rate of 6% on federal taxable income (with certain adjustments) for C-corporations under the Corporate Income Tax (CIT), which replaced the Michigan Business Tax in 2011. The City of Detroit imposes a corporate income tax on businesses operating within its jurisdiction, a 2% tax on net income for corporations, and Michigan’s state corporate income tax rate of 6%.
If you look at where the US manufacturing hubs were, the local and state income taxes on top of federal taxes were the primary cause for manufacturing fleeing the USA. Add the fact that the Supreme Court ruled that because the federal income tax did not expressly exempt overseas income, that stupid decision meant Americans were subject to worldwide income on every level. I left New Jersey because if I held a conference in Hong Kong, I had to pay New Jersey 10% on top of the Feds for what? We held a conference in Philadelphia, and never again would I ever hold one there, for then I had to pay Philadelphia taxes, although I did not live or work there.
The Democrats make it sound like these corporations are greedy, and they go offshore because they get to pay $10 an hour instead of $20. That is the LEAST of the problem. It is always the taxes. You need accountants, and then lawyers, all to make sure to have crossed every “t” and dotted every “i” and all of these expenses are far more than anything you pay an employee. Now the latest is auditing you to see if you have “contract” employees instead of employees, since you do not take out taxes and match taxes on a contract employee. I just went through that audit, and it cost me $25,000 IN LEGAL AND ACCOUNTING FEES to prove I did not owe anything.
When the government looks in the mirror, it sees itself as all-powerful. It has no idea about humanity. It’s always about them and never the people. Just look at all the states where manufacturing used to be. They left, and it was not because they were paying someone else cheaper wages. The Democrats have blamed the “rich” and corporations for the damage that they have done to society, all for their corruption and greed.
The current account of the United States is a critical component of its balance of payments, reflecting the nation’s economic interactions with the rest of the world. It comprises four main elements. As you look at this list, you will see what I am talking about that this is by no means simply goods and services. All dividends, interest, and profits from multinational corporations that flow out to foreign investors. Thus, selling US Treasuries to foreigners expands the “trade” deficit as interest is paid. Since China has 10% of the US national debt and interest expenditures of $1 trillion, in theory, we send them $100 billion in interest. Tariffs are not going to reduce that, but they could result in selling domestic assets and returning that investment home, which would then go through the Capital Account, reducing the Trade/Current Account Deficit. The Press and even most Congressmen do not understand this.
1. Trade in Goods and Services (Net Exports)
Goods:
Exports: Physical products sold abroad (e.g., machinery, aircraft, agricultural goods).
Imports: Physical products purchased from other countries (e.g., consumer electronics, oil, automobiles).
The U.S. typically runs a trade deficit in goods due to high imports.
Services:
Exports: Financial, educational, tourism, and intellectual property services provided globally.
Imports: Services purchased from abroad (e.g., foreign travel, software licensing).
The U.S. often has a surplus in services, partly offsetting the goods deficit.
2. Primary Income (Net Income from Abroad)
Investment Income:
Earnings from U.S.-owned foreign assets (e.g., dividends, interest, profits from multinational corporations).
Payments to foreign owners of U.S. assets (e.g., interest on Treasury bonds held by foreign governments).
Compensation of Employees:
Wages paid to foreign workers in the U.S. (outflow).
Wages earned by U.S. residents working abroad (inflow).
3. Secondary Income (Net Current Transfers)
Government Transfers:
Foreign aid, grants, and donations (e.g., U.S. financial assistance to other countries).
Private Transfers:
Remittances sent by foreign workers in the U.S. to their home countries (outflow).
Gifts or inheritances received from abroad (inflow).
Current Account Balance
The sum of these components determines whether the U.S. has a surplus or deficit:
Deficit: The U.S. has run a persistent current account deficit, driven by:
A large goods trade deficit (imports > exports).
Outflows from secondary income (e.g., foreign aid, remittances).
Partial offsets come from services surpluses and primary income (e.g., returns on U.S. overseas investments).
Key Implications
Reflects the U.S. role as a net borrower globally, financing consumption and investment through foreign capital inflows.
Highlights structural economic factors, such as reliance on imports and the dollar’s role as a reserve currency, and exporting dividends and interest on US investments.
Posted originally on Apr 7, 2025 by Martin Armstrong
QUESTION: Mr. Armstrong, you have said that we have lost manufacturing because of taxes rather than tariffs. I believe you also said that a trade deficit is not a bad thing under your capital flow analysis. Can you please explain this? The press seems to say the opposite, but they are political fake news.
Thank you
GG
ANSWER: There are two account balances: the capital account and the trade/current account. Just because we have a trade deficit does not mean that it is negative for the economy. That is offset by the capital account, which is money coming in that is (1) foreign capital investing in the USA, from treasuries, shares, to real estate, and (2) US companies bringing capital home. Under Ronald Reagan, we had a rising trade deficit, but the economy was booming.
Volcker’s insane interest rates attracted foreign capital, causing the dollar to rise dramatically and sending even the British pound to nearly par in 1985. As the dollar rose, that brought down inflation, but it attracted foreign capital inflows. Interest expenditures flow through the current account when they flow outside the USA. That had nothing to do with goods or even services. It was interest payments on the debt.
The corporate tax rate in Michigan is a flat rate of 6% on federal taxable income (with certain adjustments) for C-corporations under the Corporate Income Tax (CIT), which replaced the Michigan Business Tax in 2011. The City of Detroit imposes a corporate income tax on businesses operating within its jurisdiction, a 2% tax on net income for corporations, and Michigan’s state corporate income tax rate of 6%.
If you look at where the US manufacturing hubs were, the local and state income taxes on top of federal taxes were the primary cause for manufacturing fleeing the USA. Add the fact that the Supreme Court ruled that because the federal income tax did not expressly exempt overseas income, that stupid decision meant Americans were subject to worldwide income on every level. I left New Jersey because if I held a conference in Hong Kong, I had to pay New Jersey 10% on top of the Feds for what? We held a conference in Philadelphia, and never again would I ever hold one there, for then I had to pay Philadelphia taxes, although I did not live or work there.
The Democrats make it sound like these corporations are greedy, and they go offshore because they get to pay $10 an hour instead of $20. That is the LEAST of the problem. It is always the taxes. You need accountants, and then lawyers, all to make sure to have crossed every “t” and dotted every “i” and all of these expenses are far more than anything you pay an employee. Now the latest is auditing you to see if you have “contract” employees instead of employees, since you do not take out taxes and match taxes on a contract employee. I just went through that audit, and it cost me $25,000 IN LEGAL AND ACCOUNTING FEES to prove I did not owe anything.
When the government looks in the mirror, it sees itself as all-powerful. It has no idea about humanity. It’s always about them and never the people. Just look at all the states where manufacturing used to be. They left, and it was not because they were paying someone else cheaper wages. The Democrats have blamed the “rich” and corporations for the damage that they have done to society, all for their corruption and greed.
The current account of the United States is a critical component of its balance of payments, reflecting the nation’s economic interactions with the rest of the world. It comprises four main elements. As you look at this list, you will see what I am talking about that this is by no means simply goods and services. All dividends, interest, and profits from multinational corporations that flow out to foreign investors. Thus, selling US Treasuries to foreigners expands the “trade” deficit as interest is paid. Since China has 10% of the US national debt and interest expenditures of $1 trillion, in theory, we send them $100 billion in interest. Tariffs are not going to reduce that, but they could result in selling domestic assets and returning that investment home, which would then go through the Capital Account, reducing the Trade/Current Account Deficit. The Press and even most Congressmen do not understand this.
1. Trade in Goods and Services (Net Exports)
Goods:
Exports: Physical products sold abroad (e.g., machinery, aircraft, agricultural goods).
Imports: Physical products purchased from other countries (e.g., consumer electronics, oil, automobiles).
The U.S. typically runs a trade deficit in goods due to high imports.
Services:
Exports: Financial, educational, tourism, and intellectual property services provided globally.
Imports: Services purchased from abroad (e.g., foreign travel, software licensing).
The U.S. often has a surplus in services, partly offsetting the goods deficit.
2. Primary Income (Net Income from Abroad)
Investment Income:
Earnings from U.S.-owned foreign assets (e.g., dividends, interest, profits from multinational corporations).
Payments to foreign owners of U.S. assets (e.g., interest on Treasury bonds held by foreign governments).
Compensation of Employees:
Wages paid to foreign workers in the U.S. (outflow).
Wages earned by U.S. residents working abroad (inflow).
3. Secondary Income (Net Current Transfers)
Government Transfers:
Foreign aid, grants, and donations (e.g., U.S. financial assistance to other countries).
Private Transfers:
Remittances sent by foreign workers in the U.S. to their home countries (outflow).
Gifts or inheritances received from abroad (inflow).
Current Account Balance
The sum of these components determines whether the U.S. has a surplus or deficit:
Deficit: The U.S. has run a persistent current account deficit, driven by:
A large goods trade deficit (imports > exports).
Outflows from secondary income (e.g., foreign aid, remittances).
Partial offsets come from services surpluses and primary income (e.g., returns on U.S. overseas investments).
Key Implications
Reflects the U.S. role as a net borrower globally, financing consumption and investment through foreign capital inflows.
Highlights structural economic factors, such as reliance on imports and the dollar’s role as a reserve currency, and exporting dividends and interest on US investments.
Former President Barack Obama is urging Americans to resist Trump’s policies even if it means making “sacrifices.” “It has been easy during most of our lifetimes to say you are a progressive, or say you are for social justice, or say you are for free speech, and not have to pay a price for it…And now we’re in one of those moments when…it’s not enough just to say you’re for something. You may actually have to do something and possibly sacrifice a little bit,” Obama said.
Obama declared that universities were under attack by the Trump Administration. Trump has revoked funding for schools that permitted pro-Hamas rallies and deported international students who took part in those protests. There was clear evidence that many of these rallies were organized by powerful outside influencers funded by Democrat-backed super PACs and philanthropists like Soros. Worse, international terrorist organizations influenced these rallies. Sami Al-Arian, a known terrorist who was once deported, advised associates and his wife to camp out along with the college students.
Obama also called upon law firms to resist the current president, hoping for massive lawsuits to be brought against the current administration. Obama did not specify what “sacrifices” would be needed but his message is clear—raise hell.
“All of you have grown up in an international order that was created by America after World War II. … This is an important moment because in the last two months, the U.S. government has been trying to destroy that order,” Obama said. “Democracy is pretty recent in its vintage. An international order where you cooperate instead of fight is new. It’s fragile.”
The social justice warriors have already lost control. Tesla dealerships have burned to the ground, while every day citizens have had their vehicles vandalized with swastikas or worse. The left pushes for social unrest when they are losing. Obama is promoting the rhetoric that Trump is a threat to democracy, and as such, the people should continue to fight the current law and order. It should be the responsibility of politicians to pushback on policies. But since the people are not voting for politicians on the left, Democratic leaders want the public to protest and make headlines.
The left spent the last four years threatening anyone who did not accept Biden as their president. Now, we have a former president emerging from the shadows to urge his supporters to resist democracy and ignore the current administration’s policies that the majority of Americans voted for.
Posted originally on Mar 31, 2025 by Martin Armstrong
The USCongressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be reversed.
The CBO’s long-term forecast shows the federal deficit rising to 7.3% of GDP by 2055, but the figure is currently at 6.2% as of 2025 and this is an optimistic report. In contrast, the 30-year average from 1995 to 2024 was 3.9% of GDP. Public debt is projected to hit 156% of GDP by 2055, up from the 100% of GDP we face today.
Now the CBO mentioned that Trump’s tariffs could negatively impact the economy but we reached the point of no return years ago. Trump cannot be blamed for the current situation in the least. “Mounting debt would slow economic growth, push up interest payments to foreign holders of U.S. debt and pose significant risks to the fiscal and economic outlook,” the Long-Term Budget Outlook: 2025 to 2055 stated.
The Baby Boomer generation is at or nearing retirement and Social Security benefits are currently at 5.2% of GDP. The CBO believes this will reach 6.1% of GDP in 2055 but fail to recognize the fund is drying up. The Ponzi Scheme will come crashing down.
Interest expenditures alone have hit 3.2% of GDP as America. In 2024, the US spent $881 billion simple to finance its massive debt, and that figure is projected to reach $1.8 trillion by 2035. We spend more on servicing debt than we do on defense spending at this point.
Raising taxes cannot solve this massive issue, but that will not prevent the government from attempting to extort the people to cover their fiscal mismanagement. The government knows it is trapped and will continue to hold off on paying down their debt as long as possible. Worse still, other nations are decreasing their investments in Treasuries as we have seen with China and Russia. Japan is our main buyer now but they have their own colossal problems.
The debt crisis is global. America is far from the only nation facing an outright default, and as I have warned, we will see the pieces crumble one by one with America being the last frontier. This is precisely why Europe wants war because they are attempting to delay the inevitable collapse. Some believe they can confiscate Russian natural resources and save the day, but that is simply neocon fanfiction.
The ECM has pinpointed key turning points in the global economy, and the next phase of this crisis is unfolding right before our eyes. The sovereign debt crisis is inevitable, and as we approach 2028–2032, we will see capital flow away from the West once confidence in government collapses.
Posted originally on Mar 31, 2025 by Martin Armstrong
The US Department of Health and Human Services (HHS) announced plans to cut its workforce by a quarter, eliminating 10,000 positions. Robert F. Kennedy Jr. has vowed to gut the entire agency in his effort to Make America Healthy Again, vowing that eliminating excess bureaucracy will allow the agency “to do more with less.”
The agency plans to cut $11 billion in public health funding, and while Kennedy admits there will be a “painful period” ahead, one must look at the numbers and realize that these inflated agencies have not led to improved health care. “All of that money,” Kennedy said of the department’s $1.7 trillion yearly budget, “has failed to improve the health of Americans.”
America is one of the sickest nations in the developed world. Critics believe that these cuts will damage public health, but America is spending nearly 18% of its GDP on health care initiatives without results. The average American will not live to see 80 years of age. The average life expectancy stands around 76.4 years, according to the CDC, with women living an average of 79.3 years and men expiring sooner at 73.5. Those figures have been steadily declining each year. In comparison, the global average is 82.5 years.
The US ranks 32 out of 38 OCED nations for life expectancy. Yet, the US spends far more per capita on health compared to other developed nations. In 2023, America spent $13,432 per capita. In comparison, Switzerland and Germany, the second and third highest spenders, only pay a bit over $7,000 per capita and have healthier populations.
Young Americans (25-29) are dying at a rate 3X higher than their peers in advanced economies. Kennedy’s main platform has been to speak on behalf of the children of America, who are facing increased risks of illness compared to past generations. Kennedy claims 66% of children suffer from some form of a health condition, with other estimates putting this figure closer to 40%.
The Biden Administration increased the health department budget by 38% and inflated the workforce by 17%. Additional funding did not address the root causes of America’s health epidemic. Kennedy plans to consolidate 28 divisions into 15, and will cut regional offices from 10 to 5. A more cohesive agency will provide a “new era of responsiveness and a new era of effectiveness,” as we cannot continue funding measures that are not producing results.
Posted originally on Mar 31, 2025 by Martin Armstrong
Two men were pulled over while driving on I-20 in Texas, carrying $250,000 worth of gold bars. US law permits and encourages law enforcement to confiscate assets. Civil asset forfeiture enables the government to simply seize assets and declare that the owner is guilty of money laundering before any due process occurs.
“We have to be able to prove what that criminal activity was, in other words how they got the money that they laundered. A lot of times that’s hard when your case starts with a traffic stop,” DA Tonda Curry said. Officers and drug sniffing dogs searched the men and their vehicle but found nothing aside from the gold. Curry initially attempted to pin the men with money laundering charges but could not make a case. The DA then determined that the men were involved in some criminal organization “that defrauds the elderly with investment-type scams.”
Since they were instantly charged with a crime, the law permitted the officers to confiscate the gold. “So he can’t give it back to them and let them go on down the road, it’s not theirs,” the DA explained, saying that charging the men with a civil case would be easier to prove than an actual criminal investigation.
“Even if I can’t say exactly what [crime] it was, why should they be able to profit off of it? Why should it not go back into fighting crime in our communities?” Curry said.
Civil asset forfeiture is blatant legal theft. The lawyers for the men received 24 oz of the stolen gold, and the county confiscated the rest that was worth an estimated $195,000.
“For a small county like ours, it’s a big, big relief for the taxpayers,” she said. “Even if I can’t say exactly what [crime] it was, why should they be able to profit off of it? Why should it not go back into to fighting crime in our communities?”
The entire premise of civil forfeiture is that the government can seize your assets without even charging you with a crime, let alone convicting you in a court of law. The government deploys law enforcement to act as their mob collectors, and again, no crime needs to be committed. This happens regularly, and the person who happens to be in the wrong place at the wrong time is immediately GUILTY until proven innocent. They have taken people off trains, planes, traffic stops– you name it–and accused them of criminal activity. If the government finds you with a tangible asset they want, they can take it from you, and it is then your responsibility and obligation to prove that you did not commit a crime.
The government has openly taken gold, cash, homes, cars, and even businesses in the name of money laundering, or in this case, an unnamed crime that they did not need to prove because the men happened to be Chinese nationals. So they stole a quarter-million from them and deported them back to China, then cheered that the funds would help the local government.
Law enforcement agencies no longer act as protectors of the public but as revenue collectors, seizing property from people who, in many cases, have done nothing wrong.
Posted originally on Mar 30, 2025 by Martin Armstrong
QUESTION: We all know that you are friends with Anna Paulina Luna and that you endorsed her. That suggests she must be the real deal since I do not recall you endorsing anyone, even Trump. So what’s up? She dropped a bombshell on FOX that NBC has a tape proving Oswald could not have been the shooter.
Care to chime in?
PJ
ANSWER: I like to meet people face to face, not just shake hands at a cocktail party. In law, one of the first things they teach you is never to joke in court because when the transcript comes out, all that is recorded are the words: “Ya, and I killed JFK, too.” You can say that being sarcastic, but reading just the words, it looks like you confessed. I need to look into someone’s eyes, for they never lie. It is not just words; it is also how those words are said. We are in this stupid war supporting Ukrainian Neo-Nazis all because the CIA protected them because they were killing Russians, Jews, and Polish, but at least they were killing Russians so that made it all OK.
Anna has a fire in her belly. I said that to her face. She is honest and passionate. That is why Trump handed her this commission. She was not selected for some political payback BS. She is determined to get to the truth. I can vouch for that.
She will follow the evidence. Yet, she truly cares about the country and wants to keep us out of Europe’s World War III desires. She knows my advice: get out of NATO ASAP. NATO is claiming it can defeat Russia without the USA.
Because of this, the Democrats are trying to raise a war chest to defeat her and keep the corrupt Deep State status quo. Many are now realizing she is worth supporting. They just oppose Trump, yet have no actual alternative to offer, but keep the corruption in place, protecting the Deep State. As I have said, I also knew Arlan Spector, the Democratic Senator who came up with the magic bullet theory to cover up the JFK shooting. He lived a few doors from me on the beach.
The Democrats are trapped by their own stupidity, still pushing transgender and WOKE. Even the pardons with an autopen are unbelievable. Biden couldn’t have taken the time to sign these pardons personally? Even Bill Maher has called these Democrats brats.
The Progressive Europeans are doing the same as the Democrats – shutting down free speech when it criticizes their politics. At least Italy’s Meloni cautions EU on US trade war, won’t send troops to Ukraine. She was the ONLY European leader to attend Trump’s Inauguration. At least the Danish Prime Minister, Mette Frederiksen, a socialist, has finally agreed with her right-wing counterparts that mass migration into Europe is a significant threat to the continent’s way of life.
At what point does the country come before loyalty to your political party?
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
Centinel2012 