Published on Jul 19, 2019
With Iran now openly engaged in hostile efforts against western maritime navigation, and hijacking western oil tankers, I find it remarkable -albeit predictable- how U.S. media refuse to reference Former Secretary of State John Kerry’s instructions to Iran just a few short months ago. [Reference Article late 2018] [Reference article early 2018]
Reminder of Secretary of State Mike Pompeo’s anger:
There is a direct line, a direct connection, between former President Obama and former Secretary Kerry’s engagement with Iran -and the advice presented therein- only a few months ago, and the current hostile conflict Iran is attempting. Yet despite the connection, U.S. media are silent on the association.
Armstrong Economics Blog/China
Re-Posted Jul 19, 2019 by Martin Armstrong
They are calling it an unexpected contraction in Singapore’s economy which is in line with our Economic Confidence Model which bottoms in January 2020. In addition, China’s exports have also declined by 1.3% during June. Gross domestic product in export-reliant Singapore declined by a shocking 3.4% in the second quarter from the previous three months. This was the biggest decline since 2012. Everywhere we look, the world economy is following the Economic Confidence Model perfectly. As stated before, the decline would be felt OUTSIDE the USA far more so than within the domestic economy.
Of course, the blame is being laid on Trump citing his US-China trade war is having an impact on Asia, and that includes Singapore’s latest export figures. Singapore saw exports fall for a second month in a row, this time by 17.3% in the month of June compared to a year ago. The economic growth in Singapore declined by 3.4% from the previous quarter. However, the world economy has been turning down before Trump’s trade war as they are calling it. More than 10 years of Quantitative Easing has been unable to restore economic growth, but why look at trends when you can just bash Trump?
The global economy is still headed down into January 2020. Even if there was no trade war, the trend was set in motion from 2015.75. Within weeks of that turn at the peak of this cycle, Merkel began the refugee crisis which has undermined the confidence in Europe and her unilateral actions impacted all of the EU and has led to much discord. Costs of the refugee crisis have lowered economic growth and these people have not contributed to economic growth to any extent to offset the contraction. The negative interest rates have wiped out savers and force retired people back into the workforce just to stay alive. Meanwhile, governments have increased their taxation and nobody respects the fact that retired people are being forced out of their homes as taxes rise. There is no coordination and nobody will look at the whole.
Armstrong Economics Blog/Monetary Reform
Re-Posted Jul 18, 2019 by Martin Armstrong
A lot of people have written in about my comments concerning how the world is completely in a state of global chaos which is why this year I will be providing a continued video update for the 2019 WEC attendees. Those looking at the arrays of many markets are also starting to notice how global markets are correlating on a worldwide basis. Never before have I witnessed such mass correlation around the world which is demonstrating that this is by no means about local issues or the rise and fall of GDP, interest rates, or inflation. We are facing a VERY serious crisis and this is part of the Monetary Crisis Cycle
Attendees of Orlando will receive a special report on the Monetary Crisis Cycle outlining the timing and what we should expect as the years unfold. It is clear that our computer is picking upo this great convergence never before witnessed in financial history. This year’s WEC we will be covering the world to reveal just how we are all connected and how to keep track of this insanity that we are going to embark upon.
This is clearly the sum of all our economic fears.
The 2019 U.S. media are akin to the Monty Python “killer rabbit” skit, as every broadcast and print publication runs away from anything that might be adverse to their political interests. Oh noes, run away… run away… Yes, at this point it really is comical.
An armed Antifa terrorist can attempt to use home-made bombs to attack an ICE detention center, get killed in the process, and leave behind a manifesto that actually quotes Democrat Representative Alexandria Ocasio-Cortez as his motive to stop the “concentration camps”, and the media flee from coverage…. “run away“. Meanwhile the world comes to an end over a Trump tweet with apoplectic wall-to-wall coverage.
The entire landscape of 2019 media is a skit beyond mocking; thus the transparently false story behind the life of Hamasketeer #2, lhan Omar, is yet another visible part of this ridiculous pantomime. It is obvious the story of Omar’s husbro marriage was intended to manipulate the refugee visa program to the benefit of her brother. However, now it surfaces that Omar isn’t even a member of the refugee family she used to escape Somalia:
Steinberg Research Article Here
…’I am legally married to one and culturally to another’… (link)
Representative Ilhan Omar’s visa manipulation by faux-marriage is a process similar to the visa-fraud process used in the San Bernadino terror case involving Syed/Tashfeen Malik, and faux-marriage Tatiana Farook. [Same with Orlando Pulse nightclub terror case involving Omar Mateen and Noor Salman.]
The longer the mainstream media tries to run away from the obvious truth behind the Ilhan Omar refugee/visa scam, the more ridiculous they look doing so.
The UK Daily Mail has already outlined the fraud [SEE HERE], the Star Tribune has already outlined the fraud [SEE HERE], and a host of other research, including documents to evidence the fraud has been brought to light; just like the Powerline Article.
At this point, the media’s refusal to admit Ilhan Omar lied to escape Somalia; and then lied again -via marriage- to get an entry visa for her brother, while being married to another man, just makes the media look even more political and more manipulative.
The end result, this helps frame the truthfulness behind the term “Fake News”.
“Starting with my conclusions, the government’s application for continued remand is hereby granted and the defense’s application for pretrial release is respectfully hereby denied.” That’s how Manhattan federal Judge Richard Berman began to explain his ruling (full pdf below).
Judge Berman continued: “the government has established danger to others and to the community by clear and convincing evidence, and the government has established a risk of flight by a preponderance of evidence.” The Judge presented a 37-page ruling outlining the reasons for the denial of bail:
Armstrong Economics Blog/Agriculture
Re-Posted Jul 18, 2019 by Martin Armstrong
One of the most fascinating observations I have made over my career has been that the banks always lend at the top and contract lending at the bottom in every market. Going into 1980, banks were calling me to ask if I wanted to borrow money. Recently, I got a phone call from my bank asking, once again, if I would be interested in a loan. This to me is merely a confirmation that we are approaching a major turning point.
When I look at lending into the agricultural sector, the big Wall Street banks are once again perfectly in line with the cycle. They peaked in loans to farmers back in 2015, and have been declining ever since going into 2020. Bank lending to the agricultural sector peaked with the ECM and we will see it bottom in 2020. Our model will be correct in forecasting the next wave, which will be a cost-push inflationary wave. As the agricultural sectors come back to life, thanks to shortages, then the bankers will be willing to lend once again. The banks are the PERFECT indicator of how not to run a business. They make decisions emotionally and always get the economy dead wrong (i.e mortgage-backed securities peaked in 2007)
With Nancy Pelosi refusing to take up important legislative issues that need to be resolved: raising the debt ceiling, budget appropriations, USMCA ratification, immigration reform etc; and instead focus on a symbolic parliamentary resolution to criticize tweets, Georgia congressman Doug Collins calls-out the insufferable political games being played.