Armstrong Economics Blog/Germany Re-Posted May 30, 2021 by Martin Armstrong
My friends in Germany are asking when will American rebel?
German Youth Rising
Tag Archives: Political Corruption
Scare-Mongering Agenda = More Power for Them
Millions Protest in London Against the COVID Scam
Armstrong Economics Blog/Civil Unrest Re-Posted May 29, 2021 by Martin Armstrong
The fact that you have to turn to Russian TV to see what is really happening says it all for the Western Press. Wh0 will ever investigate to see who has bribed the press to push this agenda? NOBODY!
Why has Fed Stopped Publishing Weekly Money Supply?
Armstrong Economics Blog/Economics Re-Posted May 28, 2021 by Martin Armstrong
The Federal Reserve has discontinued updating the M1 and M2 weekly money supply series and is instead now updating the series monthly. What is really going on is what I have been talking about and was one of the key subjects behind the book I published – Manipulating the World Economy (5th edition to be released in a few weeks). This change reflects a profound change in economics whereby Keynesian Economics is collapsing. The view at the Fed has been stating what I have been warning was unfolding. Chairman Powell has stated that he no longer regards that the quantity of money is relevant. Powell has stated that the practice of measuring money no longer matters because it’s unrelated to inflation. The Fed now realizes what I have been saying all along – it is a matter of CONFIDENCE.
This money supply has been published since the 1970s when the idea of Milton Friedman first took hold as monetarism. It was Milton who convinced President Nixon that the value of money was no longer calculated by the amount of gold in your vault. The Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly which is a direct result of the collapse in economic theory, although no economist will explain it that way.
The entire idea behind QE was you increase the supply of money and inflation would follow. They have poured money into the system since 2008 dramatically increasing the money supply which has had ZERO impact on inflation.
The Federal Reserve has realized what I have been saying turns out to be true. In principle, they realize that inflation is not tied to the money supply. Not only has the Keynesian economic theory failed, but so has Monetarism. Now the goldbugs have to realize that inflation is not tied to the money supply and that has nothing to do with hyperinflation and just maybe we can see that the emperor has no clothes after all.
Thank you for all the letters and emails congratulating me on the book and its impact on changing the central banks. The war has not been won. Now they move to the digital world.
FED Notes:
Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided. For further information about the changes to the H.6 Statistical Release, see the announcements provided by the source.
Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions.
Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of OCDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately.
NYC in Crash Mode?
Armstrong Economics Blog/Understanding Cycles Re-Posted May 21, 2021 by Martin Armstrong
New York City is dying thanks to COVID. It has really killed Broadway. When I would often go to a play, the vast majority were tourists from overseas. I would often listen to the different languages being spoken around me. New York City is clearly dying as a mass exodus has taken place of not just the rich, but even Wall Street is moving quietly to Florida. The rise in taxation that is reducing the quality of life will only continue to send more people south, and the hallow remains will gradually decline into 2042. Even permits for guns have soared in New York as the police are unable to restore order. The East Village was the hardest hit with so many businesses just gone. NYC is rapidly becoming extinct. Politicians only see the world from their perspective. They fail completely to comprehend how the economy truly functions. Thus, NYC is on the edge.
This COVID plan-demic has so altered the social structure it is dividing the population into vaccinated v unvaccinated. Even among those who were vaccinated, they are not what you would call Biden supporters. Some have taken the vaccination just to be able to visit family in Europe. Others thought that it would mitigate COVID and prevent hospitalization. Yet, the destruction of jobs and suspending education for many cannot learn remotely. There is also a massive shift with millennials returning home to the nest.
The Democrats are hard at work and desperately trying to open the flood gates to grant citizenship to those from the Mexican border, giving them access to a welfare state, while keeping the border closed to Canadians, fearing they would vote Republican. Then they are also promising citizenship to what they call the “dreamers,” again trying to expand their voting base.
While many try to blame China for COVID and presume they did this deliberately while they are not locked down, any rational thinking person would quickly realize that such theories are attributing clairvoyance to the Chinese leaders. Never in 6,000 years of history has any nation ever carried out such a response. Even during Woodstock, the Hong Kong Flu had the same death rate as COVID, and nobody shut the entire world economy down.
It is very interesting how the 309.6-year cycle marked when NYC was on the brink of bankruptcy in 1975, which was spot on from when NYC was born in 1665. It is stunning how New York has followed the ECM model rather closely, which does not bode well for what is coming in 2022. The 2007-2009 Financial Crisis marked its epicenter in New York City. The collapse of Lehman Brothers and Bear Sterns accelerated an economic meltdown that became the Great Recession. Before it was over, the nation’s unemployment rate had reached 10%, but the loss of jobs in the financial sector of NYC approached 20%. Nearly 9 million payroll jobs had been lost, housing prices had plummeted, and the stock market had crashed.
Since New York City was the epicenter of the 2008 financial crisis, the federal government’s immediate response was too focused on propping up New York-based financial institutions. They feared that if the Investment Banks failed, then the government would no longer be able to sell its debt into the marketplace. The national economic downturn was officially dated from December 2007 to mid-2009 when Real Gross Domestic Product began to increase again, but non-farm payroll employment didn’t bottom out until the first quarter of 2010.
Thanks to COVID lockdowns, this financial crisis is politically made and has created a cycle inversion. Unlike the Great Financial Crisis of 2007-2009, this time, the source of the crisis is government, and the response is the opposite of what we saw during the 2007-2009 crisis. Where Lehman Brothers marked the collapse in the private sector from reckless financial products, this time it is the government’s incompetence. The result has been over 100,000 wealthy people migrating from NYC to Florida. Worse still, Wall Street itself is quietly leaving, relocating their most profitable positions and trading to Florida. The crisis facing NYC will escalate, and the financial crossing of the Rubicon will arrive in 2022.
Resistance is Not Futile only 37.5% of Americans are Vaccinated
Armstrong Economics Blog/Civil Unrest Re-Posted May 20, 2021 by Martin Armstrong
This is a protest in London against the BBC and fake news. I am warning journalists that they better get on the right side. History warns when this all turns ugly, they will be dragging the journalists out for conspiring against the people with the governments, Bill Gates, and Schwab’s WEF. So far, only 37.5% of Americans took the vaccine. If you listen to the press, you would think only a tiny minority is refusing.
This is a protest in London against the BBC and fake news. I am warning journalists that they better get on the right side. History warns when this all turns ugly, they will be dragging the journalists out for conspiring against the people with the governments, Bill Gates, and Schwab’s WEF. So far, only 37.5% of Americans took the vaccine. If you listen to the press, you would think only a tiny minority is refusing.
Last weekend, there was also a massive protest in the streets of Toronto. These governments are clearly acting against the people because their social promises and infrastructure is collapsing. They have been borrowing endlessly since World War II with ZERO intention of ever paying off the debt. If we did that in the private sector, we would get 20 years in prison for bank fraud.
Buri Ram in Thailand Mandatory Vaccines of 2 Years in Prison
Armstrong Economics Blog/Disease Re-Posted May 18, 2021 by Martin Armstrong
In the Buri Ram, Thailand, Governor Thatchakorn Hatathathayakul, on May 2, ordered the closure of the two villages containing about 400 households or more than 1,000 people. There will be a total ban on people in and out for 14 days. They were not allowed to travel and no visitors. But now, the governor has been the first in the world to violate human rights. He has ordered everyone in the province to be vaccinated against Covid-19 or risk being fined or jailed for up to two years. This raises serious questions about Thailand for travel. Thailand has relied upon ex-pats as a major source of income for those who retire there or just visit one of the most beautiful countries in Southeast Asia.
The Trudeau & Castro Conspiracy
Swiss Diabolical Cancelation of their Currency
Armstrong Economics Blog/Great Reset Re-Posted May 14, 2021 by Martin Armstrong
The cancelation of the Swiss currency is a serious issue for they are no longer legal tender already. Much of the 1,000 franc notes reside outside of Switzerland. They are replacing the notes with new ones which is in line with the problem with currency in Europe, to begin with. They are NOT eliminating all paper money as of yet. This practice in Europe prevents hoard of cash and compels people to come forward and explain where they got the money. The Swiss have been under pressure from the EU to cancel the 1,000 SF notes since 2013. The rumor is that this was prompted by Swiss’s largest insurance company, Swiss Life Holding AG and three of its subsidiaries just admitted to conspiring with US taxpayers to hide assets and income offshore. I do not think there is any real connection.
Previously, in 1952, the national bank ceased issuing 5-franc notes but introduced 10-franc notes in 1955. In 1996, 200-franc notes were introduced whilst the 500-franc note was discontinued. The likelihood of redemption is nill if you are in the United States. I personally use to keep a few hundred dollars worth of most currencies for traveling purposes. What I had from India is worthless and now the Swiss. I suspect the Euro will be next and they will probably cancel at a minimum the 500€ notes since they stopped printing them since 2016 claiming they serviced financial crime.
This is simply the agenda. I have explained the Russian cancelation of 1991. There they accomplished two things. First, they restricted the amount of old notes you could even redeem to 1,000 rubles. Second, the Russian currencies were throughout Eastern Europe and those states broke away. Hence, it was outright canceling the currency outside of Russia.
After they are finished with canceling all the currency, next will be to eliminate all cryptocurrencies. Then the Democrats are planning the same. They are intending to do this in 2022 marketing it as the filth rich are hoard cash. About US $1,000,000 in $100 bills weighs around 22.046 pounds (10 kilograms). So $10 million is over 220 pounds. It is easier to buy art, rare coins, stamps, cars, and real estate.
Emily Ratajkowski’s digital photo sold at Christie’s for $140,000. I really do not know what you do with that one.
Spain Bans Combustion Engines by 2040 & All Old Cars by 2050
Armstrong Economics Blog/Climate Re-Posted May 14, 2021 by Martin Armstrong
The Spanish parliament has passed an energy transition law to achieve climate neutrality by 2050. “As of today, Spain has a climate law on the basis of which it can resolutely build a green, sustainable, just future with prosperity for all,” said Spain’s Prime Minister Pedro Sánchez on Thursday’s parliamentary vote on Twitter. A central point of the law is a ban on the sale of vehicles with climate-damaging internal combustion engines from 2040.
Worse still, all combustion engine cars will be banned from even driving after2050. By 2023 at the latest, all Spanish cities with more than 50,000 inhabitants must set up zones in which the traffic of particularly climate-damaging vehicles are restricted.
Spain’s greenhouse gas emissions are to be reduced by at least 23% by 2030 compared to 1990 levels. To this end, the share of renewable energies in the country’s total energy supply is to increase to 42% by 2030 and to at least 74% in electricity production. The climate law that has now been passed is intended to ensure that Spain does its part to make the European Union CO2-neutral by 2050. Madrid had already committed itself to the EU in January 2020 with the aim of a 23% greenhouse gas reduction by 2030.
Meanwhile, the entire EU has raised the requirement from a reduction in greenhouse gas emissions of 40% by 2030, to 55%. However, the agreement has yet to be put into effect. For environmentalists, Spain’s new climate law doesn’t go far enough as they are demanding. Greenpeace has criticized this new law as “insufficient” for the fulfillment of the Paris Climate Protection Agreement. The Spanish Environment Minister Teresa Ribera spoke on Twitter of an “indispensable law to build on”. At the same time, she admitted that Spain should have passed such a law “ten years ago”.
Centinel2012 