Tag Archives: Prime Minister Justin Trudeau Removing Attorney Client Privilege

Apr 14 2023

The Full Surveillance Power of the U.S. Govt Could Not Find the Classified Intel Leaker, But the Media Did…


Posted originally on the CTH on April 13, 2023 | Sundance 

Sometimes the obvious answers are in the reality of the part that few pay attention to.

According to the original outline, as presented by the Washington Post last night [Original Story Here], the full surveillance and intelligence power of the United States government was unable to locate the source of the largest leak of U.S. classified intelligence in a decade, but some journalists found a teenager in his mom’s basement with all the answers.   This is the story, and they are sticking to it.

I’ve been in enough rabbit holes created by the silos of the intelligence community to know when not to enter one.   First things first, what silo uses the Washington Post?

We all should know by now the same three-letter operators in charge of the Amazon Cloud Service, are the same three-letter operators who use the PR firm known as the Washington Post.

Why the intelligence people from inside the CIA/NSA silo wanted to exploit the teenage gamer with a connection to an intelligence leaker, as the preferred narrative is unknown.  However, the DHS details provided in the intelligence community follow-up through the New York Times does provide some clues.

New York Times – The leader of a small online gaming chat group where a trove of classified U.S. intelligence documents leaked over the last few months is a 21-year-old member of the intelligence wing of the Massachusetts Air National Guard, according to interviews and documents reviewed by The New York Times.

The national guardsman, whose name is Jack Teixeira, oversaw a private online group named Thug Shaker Central, where about 20 to 30 people, mostly young men and teenagers, came together over a shared love of guns, racist online memes and video games.

Two U.S. officials confirmed that investigators want to talk to Airman Teixeira about the leak of the government documents to the private online group. One official said Airman Teixeira might have information relevant to the investigation.

Federal investigators have been searching for days for the person who leaked the top secret documents online but have not identified Airman Teixeira or anyone else as a suspect. The F.B.I. declined to comment. (read more)

There it is again….

The CIA, DoD, NSA, FBI, DHS and all of the combined systems of the United States intelligence apparatus, the kind that can isolate your location through the mirrored image on a WaWa CCTV camera in Podunk, Mississippi, could not find the 21-year-old originating leaker who was posting details, images and classified data for months in a chat room online.   But the Washington Post and New York Times can isolate, locate, interview, record, broadcast and then name the suspect within 12 hours….

Okay. Gotcha!… and now the government will talk to young Mr. Jack Teixeira about his endeavors. Got it.

I have been in these intelligence creations, and we have traveled into the rabbit hole of their intelligence storylines long enough to spot one when it surfaces.

My gut hunch…  Two issues.  The first is the obvious; the USG was cool with the leaked information because it formed the baseline for a geopolitical change in direction, a pivot away from the quagmire they created in Ukraine.  This part is obvious, because if that wasn’t the case the leak cleanup operation would have been silent. The collective IC would have just traced the origin, destroyed the information, pulled in the participants and black-holed the entire mess.

The fact the IC engineered a media narrative for it, pushing the leak story into the mainstream cycle, says the IC had a motive to promote the leak narrative.

Second, the gaming “sector” has always been a thorn in the side of those who seek to control communication and conduct surveillance therein.   They are already in social media platforms, but the gaming platforms were not exploited to scale.  The USG has now established a baseline to enter that sphere of communication and networking and begin formal operations in the gaming platforms.

Still, anytime the U.S. Intelligence Community is involved, it is always best practice to watch and remain out of the hole.

The only question you really need to ask yourself is, what aspect of my liberty does this intelligence operation support the removal of?

After all…  if only we had the Restrict Act in place, then none of this classified information surfacing on social media would be such a concern, right?  Right?

Remember…. “Greasy Bear hackers and Macedonian Bot Farms might sound like a good justification for a prosecution when pitched to an incurious media. However, when Greasy Bear and the accused Macedonians show up in court, well, the prosecutors might just have a problem.  That is the backdrop for a series of bizarre requests from the Special Prosecutor to seal the evidence against the accused, Concord Management, and the defendant’s response.  (read more)

Apr 14 2023

Social -vs- Economic Priorities


Posted originally on the CTH on April 13, 2023 | Sundance

Prior to the 2012 election and the rise of the Sandra Fluke free birth control narrative, we used to call them social issues; however, the usefulness of cultural wars has morphed into the larger war of wokeism.

In the big picture, keeping the base GOPe voter distracted from the economic expansion of multinational globalism, the corporate ‘masters of the universe’ (ie. the Big Club), need to keep pushing anti-wokeism as a political strategy.

The cultural issues are useful tools to keep control of an alignment of voters.  It has always been thus, and even more important now that people are starting to realize the expansion of the rust belt.

The rust belt, the diminishment of the U.S. economic manufacturing base, was an outcome of corporate control over politics.  Corporations and banks seek profit, those profits are inflated by a U.S. service driven economic model.  Skilled jobs require higher wages.

If the skilled jobs can be outsourced to lower cost labor nations, the subsequent lowered labor costs drive bigger margins.  Again, it has always been thus.

At the core of the U.S. political issue, you discover that both wings of the DC UniParty agree with this basic economic model.  Republicans and Democrats now use the catchphrase ‘service driven economy‘ with bipartisan frequency.

Many voters no longer have any reference to an economic system that is anything except a ‘service driven economy’, yet nothing about that system provides long-term value for U.S. voters or workers.

Within this very specific dynamic, you find the root of the support for Donald J. Trump.  A larger, formerly considered silent majority who comprise the baseline middle class workforce, find common understanding with President Trump because he sees the flaws in the economic model.

Not coincidentally, it is only Donald Trump who has ever discussed these economic issues. Factually, no national politician in the modern era prior to Donald Trump ever dared broach the subject of economic nationalism, economic globalism and the negative consequences therein.  Republican candidates who would disagree on economic policy would find themselves in the target field of the corporations who fund the political system.

A general platform more akin to a code of omerta covered the entire subject of republican economic policy.

As the pandemic years have shown, economic security is deeply tied to national security.  As an outcome, economic policy ultimately drives foreign policy.  When combined, the economic and foreign policy outlooks form the structural alignment of the UniParty platform.

Following the downstream effect of multinational corporate influence, modern Democrats support expansionist and interventionist foreign policy.  Meanwhile, modern Republicans, previously called “neocons” have always supported expansionist and interventionist foreign policy.

Leadership of both parties now align in a singular foreign policy outlook; thus, we see support for the Ukraine spending and intervention by both Democrats and Republicans. However, outside the DC bubble of multinational corporate influence, the support for the interventionist foreign policy doesn’t exist in the same scale and scope.

Voters inside both the Democrat and Republican base do not support U.S. foreign policy intervention at the same level as the political leadership of both parties.  There is a structural break between the priorities of voters and the priorities of the elected officials.  None of this is new discussion, we all accept this basic reality and we see it every day amid the headlines.

With political leadership of both parties supporting the same economic outlook, and both parties supporting the same foreign policy outlook, we find the source of opposition against U.S. presidential candidate Donald Trump.

Economic policy and foreign policy form the uniting bond that drives both parties to oppose Trump’s America First ideological outlook.

As long as Donald J Trump singularly represents the only counterforce against this UniParty globalist construct, he will continue to be targeted by the system of financial controllers who fund the political system.  For the sake of brevity this alignment of multinational corporate and financial economic interests is called “the big club.”

As part of the strategic political effort, the Republican wing of the Big Club needs to carve up the supporters of Donald Trump into smaller, easier to target, pieces.  This is where the value of the culture war, what is now considered as ‘wokeism‘, plays into the strategy of those who seek to control political outcomes and remove the threat that Trump represents to their financial interests.

In many ways, this is why we are seeing prominent Republican officeholders pushing the culture war as a tool for their own political advancement.  The same Big Club members who are directly fighting against the America-First economic agenda, are the same Big Club members who are funding the Republican politicians to push the culture war.

The corporations, billionaires and multinationals who are funding the Republican candidates do not have any vested interest in the culture war. For them the social issues are a tool, technique or insurance policy to guarantee security of the interest that does matter, their financial status.

There are trillions at stake, literally trillions.  Additionally, decades of their prior investment interests are contingent upon the ‘service driven economy’ being maintained.

Dollars drive the U.S. global trade and financial exchanges.  The multinationals, both corporations and banks, have pre-deployed investments all around the globe.  However, many of those investments are entirely contingent upon the retention of the U.S. economic system they pre-established before the investment was made.  President Donald J. Trump represents the threat to that entire financial system.

Once you understand this, then a great deal of the more nuanced and granular U.S. political moves, almost all of which are funded by the corporations and billionaires who are attached to the global investment process, begin to make sense.

Every non-Trump candidate, funded to create the opposition to America First, is part of this process to use anti-wokeism as a strategy.

With this level of money at stake, do not be surprised when you look at how much is being spent to construct the system that guarantees the continuation of globalism. The money spent in funding the Republican candidates to advance the distracting cultural war pales in comparison to the amount of money at risk in the 2024 election outcome.

That’s the baseline for this:

…“GOP leaders and candidates should take from this poll one important lesson: voters expect them to fight wokeness,” American Principles Project President Terry Schilling said. “Support for policies protecting families from gender ideology is off the charts, with the majority of the base showing a strong preference for tackling these issues. Meanwhile, approval of Republican establishment priorities was much more muted, with most of those surveyed even agreeing that GOP elected officials have given up too much ground in the culture war.”  

…“Any candidate who expects to win a Republican primary next year for any office needs to lead on cultural issues in order to win over voters,” Schilling said. “Perhaps the two most prominent leaders on these issues so far have been Donald Trump and Ron DeSantis, so it should be no surprise they are far and away the favorites in the presidential field. It’s time for the rest of the party to pay heed and set their priorities accordingly.” (more)

Candidate Donald Trump understands the real priorities of the Big Club extend beyond this useful cultural war, deep into the world of economics and foreign policy.

As each of the corporate funded Republican candidates hits the cultural war (wokeism) effort as part of the distracting political strategy, watch President Trump generally agree with the ‘social issues’, but then counter the distraction with arguments specifically targeting economic and foreign policy.

The entire field of Republican candidates will hold the same economic and foreign policy outlook (Ukraine example), with only Donald Trump representing an alternative.

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 12 2023

Pentagon’s Leaked Documents Anger South Korea


Armstrong Economics Blog/Politics Re-Posted Apr 12, 2023 by Martin Armstrong

South Korea’s diplomatic policy dictates that it will not send ammunition to countries at war. The recently leaked documents from the Pentagon reveal that the US is bullying South Korea into breaking its policy to arm Ukraine. Worse, the documents reveal that US intelligence agencies have been spying on South Korea. This is an unfortunate start to President Yoon Suk Yeol’s meeting with President Joe Biden scheduled for April 26.

CIA personnel has been warning Washington not to speak to Seoul over the phone until they agreed to arm Ukraine. Former presidential secretary for foreign affairs Lee Moon-hee, named Yi Mun-hui in the documents, told former Director of National Security Kim Sung-han that South Korea would have two options. The first would be for the nation to change its stance. The second would be for South Korea to send weapons to Poland, using Poland as the middleman to avoid breaking policy as “getting the ammunition to Ukraine quickly was the ultimate goal of the United States.” The documents also reveal potential wiretapping against South Korea who is supposed to be an ally.

Yoon is under pressure from both the US and his own policymakers. Opposition Democratic Party of Korea (DPK) floor leader Park Hong-keun is urging Yoon to demand an apology from Biden. “If confirmed, it is an unacceptable practice that cannot be tolerated in the 70-year alliance and a clear infringement of South Korea’s sovereignty that shatters bilateral trust … The U.S. government should be faithful to its ally and apologize to the South Korean public and the government, if those reports are true,” Park stated.

Why is the US risking its international alliances to fight a foreign war? The Biden Administration has completely abandoned domestic policy in favor of fighting a war on behalf of Ukraine. Countries previously yielded to the demands of the US as its military and economic power made it the key ally. Things have changed. Nations are increasingly distancing themselves from the US as the country spirals down a dark path that has already shaken its superpower status.

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

Macron Claims Innovation and Capitalism Is Needed While Decrying Economic Nationalism in the Nation State


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

French President Emmanuel Macron was in the Netherlands today speaking to an audience in the Hague about his vision for the future of Europe.  A remarkably disassociated speech was the outcome.

Speaking of the importance of innovation to maintain economic competitiveness, on his right-hand Macron cheers for capitalism as an outcome of competition from the only venue it exists, the nation state.  Yet on his left hand, Macron proclaims the importance of ‘globalism’ and economic socialism, which is the anthesis of creating innovation.

Economic nationalism is the only way competition between nation states succeeds. Innovation is born from competition, and without the nation state there is no baseline to maintain capitalism.  Globalism creates socialism, equity as the baseline for distribution of innovative outcomes.  Capitalism and socialism cannot coexist if innovation and competition is the goal.  The pillars which form the baseline for Macron’s view of a new Europe, collapse in his contradictory worldview.  Prompted to 10:55, WATCH:

.

Macron’s solution to the problem of innovation lacking in ‘globalist‘ economic models, is to force citizens to produce and innovate.  This is what he means by “reforms” in the competitive agenda.  Forced innovation, is the worldview of totalitarians.   Capitalism relies on freedom, not coercion.

Apr 11 2023

When the Body Bags Start Coming Home


Armstrong Economics Blog/Politics Re-Posted Apr 10, 2023 by Martin Armstrong

The Neocons are on both sides of the aisle. In the Republican camp, of course, we have Lindsy Graham, but there is also Marco Rubio who has the audacity to tell Europe they better pick sides. Then there is Michael McCaul of Texas. Based on reliable sources, the military has been instructed to prepare for war. This is inevitable.

The Democrats intend to beat the war drums to make sure the Republican Neocons will vote with them. Biden intends to Run in 2024. The Neocons need him because he is senile and will say what they write on his cue cards and sign whatever they put in front of him. Blinken is the leader of the Neocons in the White House. They are pushing for war BEFORE the 2024 election for these people looks at war and that typically the president in power is always reelected in times of war. So, hunker down. Hide your kids. It’s off to war we go so Biden can be reelected. They thought Trump would be the Republican and Biden could beat him. That remains to be seen when the body bags start coming home. These people have no respect for the people or human rights. It’s all just a chess game to them.

Apr 10 2023

Interview: Can History Help Us Predict Market Cycles?


Armstrong Economics Blog/Armstrong in the Media Re-Posted Apr 10, 2023 by Martin Armstrong

Visit Spotify or your podcast channel of choice for my most recent interview with TikMill.

Martin Armstrong, a true market maverick & innovator – ‘History doesn’t repeat itself, but it does rhyme’ M.Twain – a motto for the ages and closely linked to Martin Armstrong’s market and personal ethos, Martin’s Socrates platform is truly groundbreaking as is his Economic Confidence model, listen in and learn more – enjoy!