Tag Archives: Money Is Being Redefined

Apr 13 2023

Bragg Sued for Election Interference


Armstrong Economics Blog/Corruption Re-Posted Apr 13, 2023 by Martin Armstrong

It is clear to everyone that Alvin Bragg is going after Donald Trump to prevent him from running in the 2024 Presidential Election. The Manhattan DA, who campaigned solely on a promise to take down Trump, but failed over 100 times, has made a mockery of the US legal system. Since no one is above the law, Bragg is being sued for tampering with the upcoming election.

A man by the name of Gabe Whitley (Honest Gabe) filed charges in the US Federal Court in Indiana’s Southern District against Bragg, who he claims violated 18 U.S.C. § 241:

“Section 241 makes it unlawful for two or more persons to agree to injure, threaten, or intimidate a person in the United States in the free exercise or enjoyment of any right or privilege secured by the Constitution or laws of the Unites States or because of his or her having exercised such a right.”

Campaigning on a promise to destroy an individual certainly seems like intimidation. Perhaps Bragg hopes Biden will appoint him to the Supreme Court one day if he succeeds in his mission. In this case, Bragg is violating the American public’s right to vote. Trump has amassed a large group of supporters, and like it or not, they have the right to vote in our elections as taxpaying citizens. The FBI and intelligence agencies did everything possible to hide the dirt on Biden prior to the elections. This time it is (D)ifferent as they are scraping the bottom of the barrel to find anything to use against Trump.

Whitley posted on Facebook:

“Today I filed a lawsuit in the US Federal Courthouse Southern District of Indiana suing Alvin Bragg for interfering in the 2024 Presidential Election. This political persecution of Former President Trump is illegal and we Hoosiers will not tolerate any election interference.

America’s Elections are under attack by the Radical Democrats destroying our country and our free fair elections.

For far too long Democrats have been screaming Election Interference about Russia, Russia, Russia which was later debunked. We Republicans will continue to fight for your right to vote in a secure elections.”

Similar to those who went after the Clintons, people are afraid to directly go after Bragg since he is backed by Soros and all the big money on the left. The timing of Trump’s arrest is no coincidence. The American people were deprived of a fair election in 2020, and look at the state of our nation today. If Biden was really the most popular president in US election history, there would be no need to destroy his opponents.

Apr 13 2023

The Dollar Sophistry


Armstrong Economics Blog/USD $ Re-P osted Apr 12, 2023 by Martin Armstrong

QUESTION #1: Dear Martin Armstrong,
Thank you for your unwavering support of humanity and truth. The question I have is about the growing number of countries seeking to divorce themselves from the USD in favor of the alternate BRICS system. Yet when I try to make sense of the current Secured Dollar Funding Complex involving Cash Lenders, Fixed Income and Repo Clearing Banks, Commercial Paper, CD’s, Syndicated and Interbank Loans, Wholesale, Retail and Corporate Deposits, Corporate & Sovereign Bonds, etc. How likely is the world to cleanly disconnect from this entangled web and over what anticipated time frame, rapidly or a long drawn out affair?
Sincerely,

Roy

QUESTION #2: Marty, is all this sudden talk about dethroning the US dollar coming just when April was a major target for the Euro bounce?

HJ

COMMENT #3: You have always said when China starts selling dollars, it is time for war. It looks like they are right on schedule.

Pete

ANSWER: All of this talk of dethroning the dollar is right on time. Yes, April was the target and we should be very careful here for this April/May period is critical on a global basis. As for the BRICS displacing the dollar in the trade as so many are saying, this only PROVES they are just putting out biased claims being anti-dollar with pure sophistry. This reveals that they do not understand anything about the economy, trade, or international finance.

Yes, the Euro elected a Monthly Bullish Reversal (Buy Signal). However, it MUST exceed 11100 on a monthly closing basis to suggest the euro can advance further on a sustained basis. If the Euro exceeds intraday the February high, then a monthly closing below 108 would warn we may be looking at the war and the flight to the dollar would unfold. I would expect that capital controls would be introduced by the end of the year.

First of all, the very reason they created the Euro was to end FX risk and to create a single market. If the BRICS create a competitive currency, then they are introducing FX Risk and that will REDUCE trade with the United States. If the dollar declines, then they will suffer a loss of trade. What makes the US dollar the reserve currency is the fact that the US is the largest consumer-based economy that everyone wants to sell to. I find it laughable how these people pretend to understand finance but are ignorant in reality offering nothing but sophistry.

They can create whatever currency they desire, but they cannot force the FX risk on their buyers. I helped to reorganize the Japanese auto industry where they priced their cars in dollars to the States and took back the FX Risk to be managed. They beat the Germans who were pricing their cars in DMarks during the 70s and soon their sales were declining to the Japanese. I was then later called in by German companies to teach them about FX Risk. and market share. Creating some new reserve currency is pointless if they put the FX risk on their customers.

As far as China, I cannot believe how the bias has skewed the analysis. People are actually saying they are selling dollars because the dollar will be dethroned. China has been dependent on the US economy to make money. They would NEVER sell dollars to simply dethrone the reserve status of the dollar. They are selling dollars because YOU DO NOT FUND your enemy. We are headed into war. They know that. This is all geopolitical and those who just hate the dollar are going to get sucker punched because they are missing what is really going on here.

They have been buying gold NOT because they are bullish – but because they must sell US bonds for in times of war the US will just default on all bonds held by China. I think it is time to get your head out of the sand and open your eyes. This is not about dollars and gold. This is about preparing for World War III.

Apr 13 2023

Inflation Plateau Continues During March, Real Wages Shrink Again, Future Energy Costs Start to Rise Again with Oil


Posted originally on the CTH on April 12, 2023 | Sundance

In the latest round of statistics from the Bureau of Labor and Statistics (BLS) the March inflation data has been released [DATA HERE]. The Consumer Price Index (CPI) climbed 0.1% in March after advancing 0.4% in February.  This puts the 12-month CPI outlook at 5% inflation. [See Modified Table A on Left]

A 4.6% decline in March gasoline prices was offset by higher rental and housing costs.  That was the primary driver of the lowered inflationary data as gasoline is weighted heavier in the impact.

However, that said, gasoline prices are already rising again after Saudi Arabia and other OPEC+ oil producers early this month announced further oil output cuts.  This puts the April CPI data (starting to be assembled this week) on track to increase over March.

Overall, in the big picture the data shows the plateau of sorts as we described for this spring.  This plateau will be followed by another bump as a result of current input costs and prior energy costs traveling through the supply chain.

Energy services, electricity and natural gas, are stable but higher than last year.  The crop cycles carry those increased costs from field to fork.  Consumers cannot avoid those food prices increasing.  The more processing involved in the food sector, the higher the price increase.

Housing increases are another unavoidable cost and generally cycle with a lag within them.  As leases expire, the new lease rates increase accordingly.  The same is true for insurance rates.  Both unavoidable sectors have a rolling lag that hits the consumer upon renewal.

On the wage side [DATA HERE] wages went up .03% but the work week declined 0.3%.  Essentially nullifying earnings growth with fewer worked hours.  With inflation at 0.1%, real wages declined .01%.

For the total 12-month cycle noted by the BLS data, “real average hourly earnings decreased 0.7 percent, seasonally adjusted, from March 2022 to March 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 1.6-percent decrease in real average weekly earnings over this period.” For the year, wages continue to fall far short of inflation; meaning real wages are negative.  Actual real wage growth has been negative for 24 consecutive months.

The main street economy is feeling all of these impacts.  The paper economy (Wall St) is not feeling these impacts at the same level.  The chasm between the haves and have-nots is widening.

Apr 13 2023

Fox News Will Host the First GOP Presidential Debate in Wisconsin, August 2023


Posted originally on the CTH on April 12, 2023 | Sundance 

The ever-donor-aligned Republican National Committee has announced the first 2024 GOP presidential debate will take place in Paul Ryan’s home state of Wisconsin. The debate will be organized by Rupert Murdoch (Fox News) and livestreamed in partnership and sponsorship with Rumble and the Young America’s Foundation, a group led by GOPe favorite and former Wisconsin Governor, Scott Walker.  [Ronna Announcement Here]

Yeah…. sketchy.  All of it.   Rupert Murdoch, Paul Ryan, Bret Baier, Martha McCallum and Scott Walker… Gee, what could go wrong?

(Via Fox News) – “I am excited to announce that our first debate in Milwaukee will be in partnership with Fox News, Young America’s Foundation, and Rumble,” RNC chairwoman Ronna McDaniel said in a statement first shared with Fox News on Wednesday.

The chairwoman, asked during an interview on News’ “Fox and Friends” on Wednesday morning, if there will be one or two debate stages, said “we’ll put the criteria out soon. We don’t know how many candidates there’s going to be so that will dictate whether there’s one or two stages. Right now I don’t see there being two stages but I could be wrong on that. The field’s forming later than usual.”

[…] The debate will be televised exclusively on Fox News, and Rumble is the live-streaming partner.

Rumble chairman and CEO Chris Pavlovski said in a statement that “Rumble’s mission to protect free speech is not just a slogan, it runs through the DNA of our company. We are thrilled to partner with the RNC to bring the debate stage online and help promote open dialogue. Rumble saw record traffic and user engagement during the 2022 midterms, and we’re ready to be the premier platform for all candidates in the 2024 elections.” (read more)

Follow the bouncing ball and Debates #2 and #3 will likely follow in Florida and/or Virginia.  We’ll see.

I’ll get to work on updating everyone’s favorite graphic 🙂

Apr 12 2023

Jim Jordan Responds to Alvin Bragg Lawsuit as Manhattan DA Tries to Block Congressional Investigation and Review


Posted originally on the CTH on April 12, 2023 | Sundance 

In the BIG PICTURE a local New York City District Attorney has created a criminal case, structured on a federal crime, that the federal government has stated was not a crime.  This is the Rubicon that has been crossed by Manhattan District Attorney Alvin Bragg. In essence this is extreme Lawfare in action.

In response to the jurisdictional issue; in addition to the substantive political construct of the case; the largest mechanism within congress, the House Judiciary Committee has subpoenaed officials from the District Attorney’s office to answer questions about the construct of the case.  A return-fire lawfare response.

In reaction to the federal response and inquiry, DA Alvin Bragg filed a lawsuit against the House Judiciary Committee [Filing Review HERE].  District Attorney Bragg also asked for intervention against the subpoena, an injunction against the authority of the House oversight, that was immediately DENIED by the court.  Alvin Bragg really doesn’t want the House to investigate his case.

Appearing on Fox News to outline the House response, Judiciary Committee Chairman Jim Jordan explains the issues at hand {Direct Rumble Link} – WATCH:

Jim Jordan is correct in the unprecedented action from Bragg, that preceded the unprecedented action from congress. This is a battle of Lawfare operations with significant long-term consequences for the entire justice system.  The political motives for the New York, Atlanta (GA) and Washington DC cases are transparent.

Apr 12 2023

UPDATE: Video Added – Tucker Carlson Interviews President Trump – 8:00pm Open Discussion


Posted originally on the CTH on April 11, 2023 | Sundance 

Tucker Carlson is interviewing President Trump in Mar-a-Lago today.  The broadcast airs at 8:00pm ET.  If you are watching it, consider this an open discussion thread for you to share points and opinion.  UPDATE: Video Added

Part 2 below:

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Part 3

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Apr 12 2023

When It Comes to Economics, Trust Your Instincts


Posted originally on the CTH on April 11, 2023 | Sundance 

A few days after the terror attack of 9-11-01, someone in media asked George W. Bush what Americans can do to help.  Dubya’s response drew instant criticism, because he asked people to go shopping… but in the big picture, President Bush knew what could happen if the economic freeze continued.

When it comes to politics and economic outlooks, trust your instincts.  The economics of the ‘thing’ is always the reason the ‘thing’ exists or does not exist.

When you are looking at economic news, always remind yourself… the people producing the news have a vested interest in maintaining a very specific outlook.  The motive behind what Dubya said in September of 2001, pertains every bit as much today.  Economic outcomes can topple entire governments.

Remember, this current ‘supply-side energy policy driven inflation‘, a purposeful effort to shrink the economy and yet tenuously maintain control, has never happened before.  The people behind the Build Back Better agenda are, in reality, experimenting with a theory. DATA…

(ISM) – The Institute for Supply Management’s PMI contracted for the fifth straight month in March registering 46.3, the lowest level since May 2020. Any reading below 50.0 indicates contraction.  The employment index declined by 2.2 percent to a level of 46.9.

Most of the impediments to manufacturing growth — such as shortages and lockdowns — have subsided, said Tim Fiore, chair of the ISM’s manufacturing survey committee, with the exception of pricing. ISM’s pricing index fell below 50 in March but at 49.2 remains higher than pre-pandemic levels.

“The beginning of the second half may not be the beginning of a recovery,” said Fiore. “Manufactures reduced headcounts because of uncertainty of demand and over-ordering has burned off. Demand isn’t coming back quickly enough to support current headcounts.”

All these trends were prevalent in March, he added, although the PMI has only lost 3 to 4 points since October 2022.

Back in December, ISM panelists anticipated an uptick in demand by the beginning of Q2. “We thought this recovery would be lumpy, but I think this indicates the recovery has been delayed,” Fiore said. “I think we are talking about expansion toward the end of Q3—it’s unlikely we’ll see a lot of activity in the summer.” (read more)

It’s not a recovery now, it will not be a recovery this year.

On a per unit basis, we have been in an economic contraction cycle since mid 2021.  However, because economic outcomes are measured in dollars, the shrinking unit output, and the fewer units being sold at wholesale and retail level, is being hidden.

Inflation has hidden serious drops in unit purchases…. and fewer unit purchases mean lowered production output…. and lowered production output means less production is needed.

(CNBC SURVEY) – Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed. 

Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic began in March 2020, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.

Anxious and uncertain about whether they can get a better handle on their money, some may be intimidated by the prospect of creating a budget or unsure of where to stash their cash to get the highest returns. Others may be wondering how to begin saving for retirement when they’ve gotten off to a late start. 

“People are worried that the money they’ve saved won’t last and are worried they’re going to have to lean more on their credit cards and other sources of debt just to get by,” said Bruce McClary, a senior vice president at the National Foundation for Credit Counseling. (read more) 

If you want to know what’s going on in the larger U.S. economy, just look around you.

Don’t turn on the television and read the newspaper to see what is happening in the U.S. economy for your purchasing or life planning.  Just look around you.

Look at restaurants and bars.  Do you see continued high-volume business or not.

Look at the grocery stores. Do you see continued optimism, or not.

Look at the malls and shopping centers. Do you see foot traffic, or not.

Look at the real estate in your neighborhood – your local view.  Do you see prices going up or going down.

That’s the reality of the economy as it impacts you….. and critically, that’s the reality of the economy nationwide.

When it comes to data and economics, do not let the media created ‘illusion of the thing‘ cloud your ability to see the reality of the thing.

Trust your instincts.

Apr 12 2023

Chicago Will Host 2024 DNC Convention, August 19-22, 2024


Posted originally on the CTH on April 11, 2023 | Sundance 

The Democrat National Committee (DNC) has selected Chicago, Illinois, as the location for the 2024 convention. Joe Biden called Governor JB Pritzker earlier this morning and informed him of the selection.

It’s an interesting development as most of the betting money would have predicted the Democrat convention toward Atlanta, Georgia.  However, if you factor in the unspoken influence and importance of Chicago Jesus, et al,… well, then things take a more fulsome background.

According to the Chicago Sun Times the United Center will be the primary venue for nomination events and daytime business will be conducted at the McCormick Place Convention Center.  The DNC convention is scheduled for August 19-22, 2024.

CHICAGO – The Democratic National Committee selected Chicago to host the 2024 Democratic National Convention, the Sun-Times has learned, with the city beating bids from Atlanta and New York.

The convention will take place Aug. 19-22 next year. It is expected to draw between 5,000 and 7,000 delegates and alternates and attract up to 50,000 visitors to Chicago.

Evening events will be at the United Center — the main site of the 1996 Democratic convention in Chicago — with daytime business to be conducted at the McCormick Place Convention Center, the location of the 2012 NATO Summit.  Delegates will be housed in about 30 hotels in Chicago.

For more than a year, Gov. J.B. Pritzker, Sen. Tammy Duckworth, D-Ill., a co-chair of the Democratic National Committee and Mayor Lori Lightfoot have led a drive for Chicago to host the Democrats in 2024. (read more)

The Obama machine is running back to the SEIU, AFL-CIO, AFSCME, UFCW playbook; others call it the “blue wall.”

Just sayin’…

Apr 11 2023

Soros, Blackrock, and Bud Light (Ep. 1987) – 04/10/2023


The Dan Bongino Show Posted originally on Rumble on: Apr 10, 11:00 am EDT

Apr 11 2023

Alvin Bragg Video Resurfaces


Armstrong Economics Blog/Corruption Re-Posted Apr 11, 2023 by Martin Armstrong

The video above is from two years ago. Alvin Bragg admitted that he helped “sue the Trump administration over 100 times.” Bragg says “rich old white men” need to be prosecuted and attempts to compare Trump to convicted rapists like Epstein and Weinstein. If a white guy said rich black guys it would be racist. His entire career has centered on attempting to bring Trump down by any means possible. He has already failed to bring down Trump “over 100 times,” and this is his last-ditch effort. Bragg simply has a personal vendetta against Trump and was elected for the sole purpose of removing Trump from the political arena.

Below is the full video: