Armstrong Economics Blog/Socrates Re-Posted May 12, 2023 by Martin Armstrong
This was the Question asked:
Socrates, how do I solve a debt crisis without a default that is fair to both sides?
Tag Archives: Professional Idiots
Can Socrates find new solutions to Crises?
Armstrong Economics Blog/Socrates Re-Posted May 12, 2023 by Martin Armstrong
QUESTION: Allison Schrager at Bloomberg claimed that AI does a great job finding solutions based on existing rules and information. But it’s less suited for finding novel solutions to new problems. Somehow, this does not seem to apply to Socrates for there are no new problems anyway. Am I correct that Socrates will find new solutions?
GU
ANSWER: Yes, you are correct. However, Socrates has a database that is unprecedented and cost tens of millions of dollars to assemble. It can find solutions that are certainly not mainstream and may appear to be revolutionary but in fact, may have taken place even 2,000 years ago.
Socrates is NOT a Neutral Net. This is something I created from scratch. I put myself into this system. I had to teach Socrates how to analyze. I did not create some open AI and let it develop in some unknown manner. This is not Chat GPT where it is searching the net to come up with answers to what is the name of Lady GaGa’s dog.
Socrates has the largest financial database in the world. It has a money supply recreated from the coinage of thousands of years. It has correlated that with wars and plagues and it makes the connections. It has a database of 6,000 years which is unsurpassable. If I even tried to recreate this at today’s prices, it would be more than $1 billion.
Just on Forex Exchange, I had staff recording all the currencies back hundreds of years taking down quotes for all the world newspapers stored at the Royal Newspaper Library in London for years. Without that, we would never have been able to forecast that the pound would drop to par in 1985 when it was trading at $2.40.
What Socrates will do is it will test what attempts were made to solve crises in the past and what worked and what failed. Diocletian (284-305AD) imposed wage and price controls to try to stop inflation the same as Richard Nixon.
There was a major earthquake in Turkey that devastated the region. Emperor Tiberius issued coins to provide relief and suspended all taxes in the region to help rebuild. There have been so many different solutions that people today would never consider, but Socrates will.
Biden Administration: “Birthing Persons” or “Unpaid Caregivers” are Bad for the Economy
Armstrong Econo9mics Blog/WOKE Re-Posted May 12, 2023 by Martin Armstrong
Happy early Mother’s Day to the women in charge with shaping our society. The vital role of a mother, arguably the most important responsibility one can take on, has been dismissed in recent years as society changes drastically. The woke agenda feels that the word “mother” is offensive and wants to replace the term with “birthing persons.” I have not heard anyone refer to fathers as “inseminating persons,” as part of the woke agenda is to eliminate the importance of women in society. Economic conditions have made it nearly impossible for the average family to survive on one income. Yet, those who can and do choose to stay home deserve appreciation for the role they play in our society.
The Biden Administration recently took a jab at stay-at-home mothers, claiming they are hurting our economy. His administration supports sending “free” money to “hard-working families” as long as they are receiving some income tax revenue. The schools can raise our children according to their way of thinking.
“[M]any Americans — particularly women — stay out of the workforce to care for their families, making it hard for businesses to attract and retain a skilled workforce and for the economy to grow. A BCG brief forecasts losses of $290 billion each year in gross domestic product in 2030 and beyond if the U.S. fails to address the lack of affordable child care.”
The cited report from the BCG refers to parenting as “unpaid caregiving” as it lowers the number of taxable workers. Instead of staying home with your children or elderly relative, the government believes you should move into “paid caregiving.” “About 1.8 million critical-care jobs, including nursing assistants, home health aides and childcare workers, are open, according to the US Bureau of Labor Statistics,” the report noted. The report also noted that these jobs often have terrible pay and poor benefits. Furthermore, the study noted that 40% of caregivers have missed “more than five days of work over the last year simply because their paid-care support has fallen through.” Other countries will laugh at the US for that one. They also talk about implementing a “government-run childcare system that begins at birth.” That is sad prospect. Even dogs have an 8 to 10 week grace period before their puppies can be adopted, a luxury not provided to women living in the financial capital of the world.
Caretaking roles are only seen as essential is they benefit the government. It is almost impossible for one 40-hour salary to support a family comfortably. Preschools and childcare centers often cost more than the salary a parent would bring home. And they wonder why there is a steep decline in the birth rate. The nuclear family has no place in woke America. Whether you stay home or choose a career, a mother’s role is essential.
Ca
Elon Musk Hires Ultra Woke Linda Yaccarino as CEO of Twitter – Former Head of NBCUniversal Advertising – WEF Board Member – Pioneer of DEI (Diversity, Equity, Inclusion) Wokeism
Posted originally on the CTH on May 11, 2023 | Sundance
Elon Musk has reportedly hired Linda Yaccarino as the CEO of Twitter. Unfortunately, this decision is the exact opposite of what everyone hoped about Musk’s intentions with the platform.
Ms. Yaccarino is the head of NBCUniversal Advertising and Partnerships [Example Here], and she is the tip of the spear in the creation of DEI (Diversity Equity and Inclusion) indexing and corporate scoring. You might be familiar with ‘DEI’ as a result of the Bud Light woke advertising campaign to promote beer for transgenders. Well, that’s DEI in action, and Ms. Yaccarino is one of the pioneers in the advertising industry.
Additionally, Linda Yaccarino is the Chairwoman of the World Economic Forum’s (WEF) Taskforce on Future of Work. As she noted in her position, “every CEO and executive needs to look inward, and build workplaces that ensure our employees, current and future, can always succeed amid rapid transformation.” Overlaying the Diversity Equity and Inclusion mindset, you will note Yaccarino says, “long-term benefits for the unemployed, women, and communities of color.”
Why would Elon Musk bring the most woke NBC advertising executive to become the CEO of Twitter? Obviously, he is focused on generating revenue, and Yaccarino can bring woke credentials to the platform luring corporate advertisers. Unfortunately, in order to achieve that objective, the platform content will have to be modified.
That means the public square of Twitter needs to become a platform of non-controversial NPCs (Non Player Characters) which generally are identified in memes [SEE HERE]. The content on Twitter must fit an approved standard for advertising. Leading this effort to control platform content through the control of the monetization, is literally what Yaccarino has done in her work at NBCUniversal. Thus, her efforts to promote DEI take on a new level of importance.
Ms. Yaccarino also supports Florida Governor Ron DeSantis and follows him and his fellow influencers through her Twitter account. Politically this puts her in alignment with Elon Musk and the acceptable Republican group that promotes the Florida Governor.
Keep in mind, for DeSantis, the “woke issues” are political tools to achieve an objective; nothing more. Ms. Yaccarino supporting Ron DeSantis is not a misnomer, it’s just politics.
Similarly, for Elon Musk, it appears Ms. Yaccarino brings a greater financial value to the table offsetting any contradictions in his belief system about wokeism as a danger to speech and culture. Obviously, this hire says Musk is more concerned about revenue generation than actual free speech.
Regarding opposition or alignment with what is colloquially called “wokeism”, Ms. Yaccarino is somewhat of a touchstone. Her bona fides on DEI make her a subject matter expert on the weaponization of advertising to advance a cultural objective.
Just accept things as they are and not as you might wish them to be. That way you are not disappointed later.
Accept the Musk selection of Ms. Yaccarino as exactly what it says for the Twitter platform. First, money is the most important issue right now; revenue generation for Musk is the #1 priority. Second, the content of the platform will modify accordingly.
[ Yaccarino on Twitter ]
Second Biden Removal Leverage Deployed and Timed to Coincide with First – Prosecutors Near Decision on Hunter Biden Indictment
Posted originally on the CTH on May 3, 2023 | Sundance |
If you think about Joe Biden’s 4-year term in office as an intentionally constructed single term with no limits or consequences to the cascading damage inflicted; and if you think about the ideologues behind the plan to use cognitively challenged Biden as a tool to achieve their agenda; then everything from the way he was selected in 2020, to the disconnected and fragmented policy and Biden’s interpretation of them, just makes sense.
As our friend Lee Smith summed up in early 2021, “Joe Biden is an avatar for Barack Obama’s third term.” That is what we have been witnessing. A term in office where every policy wish list and far-left agenda item could be triggered without any care or consequence of political damage.
The people behind Biden are ideologues using this unique opportunity to further the “fundamental change.” From that perspective every single granular move during the Biden term makes sense. However, this also means there’s no term two in the design. The damage will be so great, there’s no way for a second term.
Again, if you accept that background, and ignore the puppet presentations, everything currently underway that seemingly makes Biden look vulnerable and disposable makes sense. It’s not Republicans trying to take him down, it’s Democrats – who will use republicans to assist them.
Into this landscape comes the second leverage point for the removal. The vulnerability represented by Hunter Biden. This approach also explains why the Hunter Biden investigation was completed long ago, and the Deputy Attorney General Lisa Monaco/Obama-minds were simply waiting for the timing of the election calendar. Earlier today a Main Justice whistleblower provided the triggering mechanism for one removal approach. Here is another:
WASHINGTON DC – Prosecutors are nearing a decision on whether to charge President Biden’s son Hunter with tax– and gun-related violations, according to people familiar with the matter, the culmination of a four-year investigation that Republicans have sought to portray as evidence the Biden family is corrupt.
Biden’s attorneys met at Justice Department headquarters in downtown Washington last week to discuss the case with U.S. Attorney David Weiss of Delaware, according to the people familiar with the matter, who spoke on the condition of anonymity to discuss an ongoing criminal investigation. Typically, that sort of meeting — in which defense lawyers urge prosecutors not to seek an indictment of their client, or to seek reduced charges —comes toward the end of an investigation.
The people familiar with the matter said Weiss is nearing the end of his decision-making process, although they offered no specific timetable. They cautioned that the probe has taken longer than some officials thought it would, frustrating some law enforcement officials, and conceivably could slow down again before a decision has been reached. (read more)
Every single conflicting point reconciles, if you accept the Biden program was a one-term disposable effort.
The timing is up, now the removal leverage is deployed with enough time to present the branding needed for the Biden replacement.
Assets like Susan Rice are pulled from the White House. The Obama embeds position to avoid damage, and the circumstances for Biden’s removal are created by the same people who control the collection of the evidence against him.
There isn’t going to be a Joe Biden DNC nominating convention in Chicago. There isn’t going to be another presidential race by Biden; it was never the intention from the outset in the 2020 plan to use him. Biden is in the process of being excommunicated from the party. His usefulness exhausted, this is the disposal phase.
The only thing left to negotiate are the terms of the exit.
Pentagon Confirms Document Leak
Armstrong Economics Blog/War Re-Posted Apr 12, 2023 by Martin Armstrong
There is a mole within the Pentagon and officials are eagerly seeking to find the source. Someone has been leaking classified documents to the public that include plans to involve the international community in the Ukrainian conflict. Someone in the intelligence community wants the public to know about America’s increasing involvement in the Russia-Ukraine proxy war.
A source close to Zelensky has said that Ukraine has scrapped previous war strategies due to the leaked information. The documents actually mention that the US has been spying on Zelensky himself, which comes as no surprise. Chris Meagher, the assistant to the secretary of defense for public affairs, said the leak is under investigation and that they do not know how much information has been leaked. Meagher claims some of the documents have been altered in an attempt to cover up the truth. He is reassuring allies “of our commitment to safeguarding intelligence and fidelity to our security partnerships.”
The documents were highly classified and contained information on how the US spies on its allies and enemies alike. The documents began appearing on Discord servers, 4Chan, and other platforms about a month ago, with over 50 sensitive documents now revealed to the public. The Five Eyes intelligence alliance, which includes Canada, Australia, New Zealand, and the UK, are now urging the US to rectify the situation immediately. Time will only tell what secrets these documents reveal.
They could not deny that the papers were real. We have seen how the intelligence community treats those who expose the truth like Edward Snowden who must live out his existence in fear. The source knows the risks and will likely risk their life to expose the truth.
United States Code at 18 U.S.C. § 2381
Whoever, owing allegiance to the United States, levies war against them or adheres to their enemies, giving them aid and comfort within the United States or elsewhere, is guilty of treason and shall suffer death, or shall be imprisoned not less than five years and fined under this title but not less than $10,000; and …
DOJ Tells Republican Congress Not to Expect Cooperation and Thank You
Posted originally on the CTH on January 20, 2023 | Sundance | 200 Comments
The U.S. Dept of Justice (DOJ) has sent a five-page letter to congress, copying Politico for the public distribution therein. [SEE pdf HERE]
The snarky and passive aggressive Lawfare tone inside the letter is rather remarkable in its sanctimony and condescension. Essentially, Main Justice is telling congressional oversight, specifically House Judiciary Chair Jim Jordan, not to expect any timely responses because there’s a lot going on.
Additionally, as the letter directly implies, Republican oversight is not in the favor of the current administration or DOJ and, well, in general terms, get over it – they aren’t complying. However, feel free to initiate the formal negotiation process that will likely take several years.
From the letter to Jim Jordan, “Your January 17 requests—made now in your position as Chairman—initiate the constitutionally mandated accommodation process. Under this process, the Legislative and Executive Branches have a constitutional obligation to negotiate in good faith to meet the informational needs of Congress while protecting the institutional interests of the Executive Branch. We look forward to beginning this process in response to your January 17 letters.” (link)
(Via Politico) – […] The letter, addressed to Judiciary Committee Chair Jim Jordan (R-Ohio), acknowledges the GOP’s multiple requests for information during the last Congress but doesn’t divulge any new information. Instead, Uriarte outlines how he hopes DOJ could have a “productive relationship” with Republicans in the new Congress, as Jordan had in previous letters accused the DOJ of “stonewalling” their requests, raised the possibility of a subpoena and said the committee could resort to “compulsory practices” to obtain the requested information and documents.
It’s an early marker of DOJ’s position as Republicans pledge to probe President Joe Biden’s administration over a laundry list of issues, including with a select subpanel that has a broad mandate to investigate the federal government. Conservatives have hinted they would use that panel to try to look into certain ongoing law enforcement investigations. (read more)
I think at this point everyone outside the professional political class in the Legislative Branch knew this was going to happen. However, the Republicans in Congress will likely pretend to be stunned by this development, Fox News Sean Hannity will be outraged by it, and then the RNC and RCCC will dispatch fundraising campaigns citing the refusal of the DOJ. Win, win, win… wash – rinse – repeat.
Predicting this approach was exactly why CTH said the House Subcommittee on Weaponized Government should not waste time looking for assistance, documents and or internal support from the various DC silos. Instead, the oversight committees need to go through the formal request process (blah, blah, blah) but focus their efforts at getting documents from the private sector collaborators outside the DC silo system.
If it seems like the Democrats always know how to use power more effectively than Republicans, you would be absolutely correct. However, few people really understand the reason for it. So, I will repeat.
The Republicans want money. The Democrats want power. The Republicans use power to get money. The Democrats use money to get power. The ideology of the Democrats drives their donor funding. The donor funding of the Republicans drives their ideology.
This core truism carries forward beyond electoral politics and into the realm of legislative battles and oversight conflicts. Republicans want money as their primary objective. If the Biden administration wants to get an ideological bill passed, the Democrats simply buy the votes of Republicans (especially Senators).
As an additional outcome, Republicans in congress have no core values, no core objectives, no goals to achieve. After all, their structural goal is money.
Give Republicans power and they don’t know what to do with it, because the voters essentially boosted the dog to catch the car… now what?
What you see in the outcome of elections is that Republicans do not have any plan for power, because it’s not the issue that takes up their intellectual time. That’s reserved for deep analytical thoughts about how to make money from (XXX).
The Democrats know this, they know the main mission of Republicans. Ergo, the Lawfare DOJ pats the Republicans on the head and waits for the frustrated voters to get sick of the GOP doing nothing again, and the Democrats simply wait them out.
We have been in this repetitious abuse cycle for about two decades.
Battered Conservative Syndrome is a very real thing.
There are an enormous amount of codependent enabling voters in this process. I call them Seagull Republicans because they are voters who will fly down and shit over anyone who complains about this reality – then they fly up to their high perches and look down their noses.
In case you missed it, the Seagull Republicans are currently aligned to support Harmeet Dhillon and Ron DeSantis.
One UniParty consisting of two wings, the RNC and the DNC. One bird, two wings.
The GOPe priority around money is the one constant on the right wing. But don’t worry, because the Seagulls are promising that Ron DeSantis will protect us from teh geys.
The Uni-Party of Capitol Hill
Armstrong Economics Blog/Politics Re-Posted Jan 3, 2023 by Martin Armstrong
This speech by Congressman Matt Gaetz is actually very important. Listen carefully to what he is saying – he and others will not vote for this “uni-party” candidate Kevin McCarthy from California. I cannot emphasize more that what he is talking about is what I have been writing about for a long time.
John McCain would have voted for Hillary before Trump because they are all the same – they protect the SWAMP. The battle is not as fierce between the Republicans and Democrats as it often appears. Both sides like things the way they are. Kevin McCarthy would simply be another Pelosi. There really would be no difference. This is why we must simply Crash & Burn. Politics is hopeless. The corruption has eaten away everything from the inside out. Gaetz is correct for they call it on the Hill the “uni-party” where it is not for the people, but for maintaining power.
Rep Matt Gaetz Asks Congress Why Kevin McCarthy Has Moved into House Speakers Office, Because He’s Not Speaker
Posted originally on the CTH on January 3, 2023 | Sundance
Apparently, California Representative Kevin McCarthy has already moved his personal effects and furniture into the House Speaker’s Office despite not winning enough votes to be considered Speaker of the House.
Republican House member Matt Gaetz, a strong opponent of Mr McCarthy, sends a letter of inquiry asking how is this possible?
Full letter below.
Video, Florida Governor Ron DeSantis Second Inauguration Speech
Posted originally on the CTH on January 3, 2023 | Sundance
The management and branding team behind Florida Governor Ron DeSantis continue to track a transparent path toward a 2024 nomination run. Florida Governor DeSantis was sworn into office today at Noon eastern, complete with Jeb Bush as a special on-stage guest of honor.
Former Florida Governor Jeb Bush is one of the primary organizers and influencers for DeSantis ’24 presidential bid. Former governors Rick Scott (R) and Charlie Crist (R/D) did not participate in the ceremony. Additionally, despite the early hour and not appearing to be coincidental, it appeared the political branding team decided to have Casey DeSantis take a page from First Lady Melania Trump’s wardrobe style. WATCH:
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They are going to recreate Camelot whether you want it or not. However, once you see the strings on the marionettes, it’s impossible not to watch the performance and not see them.
Ron DeSantis is the counterfeit $100 bill on a fishing string being dragged through the MAGAhood by the professional political class and Bush family revenge operations.
Centinel2012 