Russia v USA


Armstrong Economics Blog/Russia Re-Posted Oct 10, 2022 by Martin Armstrong

Reports are coming in from a protest in Moscow against the United States after the Ukrainian attack upon the Crimea Bridge Saturday. Russians are calling for nuking Washington DC. No matter what country you go to, there is always going to be a pro-government and an anti-government position. The Ukrainian propaganda keeps claiming that some sort of revolution against Putin and he has ordered the arrest of military officers. But there are no independent sources that verify anything being put out by Ukraine, which tends to be fake news on so many levels. They will continue to wage a propaganda war in hopes that someone will listen and overthrow Putin. But my sources are very good. Putin is the moderate and I would be seriously concerned if he was overthrown for it would be by the hardlines who have been criticizing him for NOT being aggressive enough.

The Russian government did drive TWO “YARS” Inter-Continental Ballistic Missiles (ICBM’s) on the street in front of the U.S. Embassy in Moscow. This is a failed proxy war to overthrow Russia for climate change. These people think overthrowing Putin and the people will cheer and end energy production which is 50% of Russia’s GDP. Look, there is no talking to these people. They believe what they want to believe and that is our problem. Nobody stops to ask: What if we are wrong?

My concern for timing remains the week of November 7th as well as next April.

Holiday Expenses Rise in Canada


Armstrong Economics Blog/Canada Re-Posted Oct 10, 2022 by Martin Armstrong

Wishing our friends in the north a happy Thanksgiving.

Canada’s Thanksgiving is not as widely celebrated as America’s November feast. However, outside Quebec, around 90% of Canadians plan to celebrate the holiday. Everything from fuel to food is more expensive this year. Statistics Canada reported a 10.8% rise in food prices this August, marking the fastest pace of food inflation since 1981.

The Agri-food Analytics Lab (AAL) and Angus Reid conducted a survey (sample size 1,244) to see how Canadians plan to celebrate the holiday this year. Turkey prices have risen 16% per kilogram this year. In British Columbia, 29% of respondents said that they would be making changes to the meals they typically prepare due to food prices, while 25% in Alberta and 20% in Manitoba said the same. Around 19% of those celebrating in Ontario will be changing the menu due to costs, followed by 17% in the Atlantic, 10% in Quebec, and 8% in Saskatchewan.

In addition to turkey prices increasing, potatoes have spiked by 22% this year. Bread and dairy prices have gone up 13%, while cranberries have increased by 12%. Prices vary based on location, but they’re up in every province. So many are grateful for the harvest, albeit less bountiful.

Categories: Canada

Dallas Fed: Over Half of Americans Experienced Real Wage Declines This Year


Armstrong Economics Blog/Inflation Re-Posted Oct 10, 2022 by Martin Armstrong

The Dallas Federal Reserve found that the decline in real wages is at a severity not seen in 25 years. Simply put, when adjusted for inflation, American’s paychecks are down despite wages going up. The median decline in real wages surpassed 8.5% this September.

"How severe are the losses for workers experiencing negative real wage growth? For the 53.4 percent of such workers in second quarter 2022, the median decline (that is, half of the declines were larger and half smaller) in real wage growth was 8.6 percent."

After examining real wages over the course of 12 months, the Dallas Fed found that 53.4% of all workers experienced real wage declines. Additional taxes under Biden have added to real wage decline as well. Peter C. Earle of the American Institute for Economic Research estimates that someone earning $70,000 annually now has $4,500 less in buying power in New York. “The bill for the Covid mitigation policies is due,” Earle said. “Record levels of fiscal and monetary policy expansion in the first half of 2020 are wrecking the purchasing power of the dollar. Thus even without a pay cut, wage earners are effectively earning less over time.”

The average median decline over the past 25 years has been 6.5% with real wage declines reaching between 5.7% to 6.8%. Inflation is simply too severe to compensate for any additional wages. The Fed continued to say:

"Despite the stronger wage growth due to the tightness of the labor market, a majority of workers are finding their wages falling even further behind inflation. For workers who experienced a decline in their real wage in second quarter 2022, the median decline was 8.6 percent.

While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face."

Doctors sue FDA over ivermectin misinformation


Alison Morrow Published originally on Rumble on October 7, 2022

#FDA #Lawsuit #Doctors A group of doctors is suing the FDA, HHS and the men in charge of each agency for interfering in their ability to treat patients. They say the federal departments lied about Ivermectin.

Schwab Getting Desperate? Martin Armstrong Agenda Contributor at WEF


Armstrong Economics Blog/WEF Re-Posted Oct 8, 2022 by Martin Armstrong

OK. I cannot even count the emails coming in on this one.  It seems Schwab has found someone with the same name but is just a journalist, and he has been sending this out to everyone. Look. I began our WEC in 1985. Schwab started his WEF in 1987. Marcus Vetter did the film on me, so Schwab called him and paid him to do a film on him. This has been a back-and-forth ordeal for a long time.

Socrates has been very clear. This New World Order will fail. They also think that they can conquer Russia without a nuke. They have been doing everything possible to try to overthrow Putin and actually think, as always, the people will cheer and give them a ticker-tape parade for saving them. They assumed the same scenario in Iraq, Lybia, and Syria. They really think that they walk on water.

I see international war unfolding, probably post-2024 into 2028. I do not see Schwab’s dream of a New World Order and this one-world economy ever coming off. He will try, no doubt. But we are looking at the collapse of sovereign government debt starting in Europe.

Are We Living in a Simulation? (video)


Armstrong Economics Blog/Uncategorized Re-Posted Oct 8, 2022 by Martin Armstrong

The Japan Outlook


Armstrong Economics Blog/Japan Re-Posted Oct 7, 2022 by Martin Armstrong

QUESTION: Marty, I greatly appreciate all you do to try to prevent this war cycle. You have said many times Socrates beats you. With missiles flying over Japan here, what do you see ahead?

AS

ANSWER: Nice to hear from you. It does not look very good. A year-end closing below 6805 will warn of a major crash in the Japanese yen next year.  I cannot stop the cycle. The best I can possibly do is perhaps reduce the amplitude. Even that is speculative. It just seems that we have insane leaders who care more about defeating Russia for this climate change nonsense. What they are doing to farmers in the Netherlands is insane. They know that the current monetary system is collapsing. They are using the war in hopes of creating an excuse and a diversion from their own sovereign debt defaults – hence you will own nothing and be happy.

All the market look to be cascading into 2023. This is not my opinion. I wish I did not even have to talk about this nonsense. The ray of hope is we get to restart the world economy post-2032. That is when we will hit the control-alt-delete. All I can do is try desperately to get society just for once to look at history and see what systems worked and what failed.