Nov 1 2019

#OKBoomer: Gen Z Millennial Snowflakes Mock Elders Who Created This Mess

Bill Whittle

148K subscribers

Nov 1 2019

Vote for a Socialist? 70% of Millennials Would, and Nearly a Third Approve of Communism

Bill Whittle

148K subscribers

Survey from YouGov says 70% of millennials would vote for a socialist and 30% have a favorable view of communism. Are you surprised? Or did you think the numbers would be higher? To explore the archive of Right Angle with Bill Whittle, Stephen Green and Scott Ott, visit https://BillWhittle.com

Nov 1 2019

Public v Private Waves in the ECM

Armstrong Economics Blog/ECM

Re-Posted Nov 1, 2019 by Martin Armstrong

QUESTION:

Hi Marty.

I am confused about the nature of the private wave we are currently in versus the public wave beginning in 1932. Does that mean governments will be more predominant in starting in 1932? This seems contrary to your many statements that the governments today are fighting to maintain control.

Thanks,
GP

ANSWER: During the Public Wave that began in 1934 and ended in 1985, the bond market performed at its best and stocks became extremely undervalued. This started to readjust only after the Public Wave ended in 1985. Only during the final wave does the government start to unravel in a Public Wave. In a Private Wave, stock markets outperform bond markets. Here, people lose their faith in government rapidly. By the half-way mark in a Private Wave, the government becomes aggressive because it sees it is losing control of society. This is why governments will become much more aggressive during the last part of this wave into 2032.

Nov 1 2019

Looming Repo Crisis

Armstrong Economics Blog/Banking Crisis

Re-Posted Nov 1, 2019 by Martin Armstrong

QUESTION: Mr. Armstrong; I want to thank you and your staff for a great conference. It was the best ever. Your detailed review of the Repo Crisis demonstrates why mainstream media tries so hard to ignore you while there were more institutions there than at any conference I have ever attended. When the Fed announced its rate cut, not a single journalist asked any question that addressed the liquidity crisis. It is like it did not exist but they seem desperate to cover it up. Do you think the mainstream press is just stupid or are they part of the cover-up to try to hide the liquidity crisis you had forecast at Rome would unfold in September?

ANSWER: It is hard to say how 7 business journalists that cover Wall Street asked questions during the first half-hour yet not a single one asked about the liquidity crisis. It is as if the Fed’s injection into 23 Wall Street securities firms plus one foreign bank in addition to buying up $60 billion a month in Treasury bills from Wall Street dealers has never taken place. It does beg the question are they stupid or deliberately not asking key questions?

The Fed began its Repo loan interventions on September 17th BECAUSE banks no longer trust banks. This liquidity crisis is where the economic stresses will always take place when there is a question as to the security of the players in the market. There have been frightening similarities to the liquidity crisis of 1998 and 2007-2009. Not a single reporter seems to understand what is taking place BECAUSE their domestic sources are also in the dark so they prefer to do Repo with the Fed rather than any other banks.

I am not certain if this is a cover-up. It appears to be more of a complete lack of understanding of what is going on because nobody is talking. We just stand in the middle and have many clients calling in asking questions simply because banks and not talking to banks. Everyone is afraid to talk and thus the press is in the dark.

Oct 31 2019

Halloween & Financial Crisis

Armstrong Economics Blog/Sovereign Debt Crisis

Re-Posted Oct 31, 2019 by Martin Armstrong

The Sovereign Debt Crises is almost here

Oct 31 2019

A House Divided Cannot Stand

Armstrong Economics Blog/Politics

Re-Posted Oct 31, 2019 by Martin Armstrong

QUESTION: The Bible says a house divided will not stand. America is very divided more than I can remember in our history. Is there another time when this as happened in America. How will this play out?

ANSWER: The last time the country was this divided was the American Civil War. The problem this time is a confrontation between the right to be left alone and those who cannot sleep at night because they worry about what other people are doing. From a cyclical perspective, this is most likely going to erupt into violence, which may be extreme in 2024. That lines up with the presidential election that year. There will definitely be blood in the streets because the philosophies are not confined to a particular region. There are left and right political beliefs everywhere. So it may divide along the lines of the predominant philosophy such as the left in California. The probability that California will move to split could materialize in 2021/2024 especially if Trump were to be reelected.

We have a lot of tension rising from 2021 to 2024 overall. This will be very interesting to watch

Oct 31 2019

Where to Go?

Armstrong Economics Blog/Opinion

Re-Posted Oct 31, 2019 by Martin Armstrong

QUESTION:

Hi Martin,

I am originally from Saskatchewan and I still own farmland there. (Sask will separate along with Alberta). I currently live in British Columbia.

Given global cooling, earthquakes, the commodity boom, civil unrest, global war, Alberta Separation, the rise of China…..Where do I take my family and young son?

Thanks for all of this invaluable work,

ANSWER: That is a difficult question to answer at this point in time. Normally, if there is a crisis in one part of the world there is always an alternative. This time, every place you look there is political uncertainty. There will be pockets of safe harbors. Alberta may be one if it separates from Canada. The issue stems from oppressive control coming from centralized governments that are not ready to reform. They will crackdown on society in a desperate attempt to retain power. There are some pockets in the United States, but we may be looking more outside the continent. So far, the best spot in Asia has been Thailand.

Oct 31 2019

Fed Cuts Rates 25 basis Points

Armstrong Economics Blog/Interest Rates

Re-Posted Oct 30, 2019 by Martin Armstrong

The Federal Reserve, as expected, cut rates a quarter-point. The Fed also warned that further moves to ease interest rate policy may be coming to an end. The rate cut of 25 basis points to a range of 1.5% to 1.75% has been the third cut this year, which Fed Chairman Powell characterized as a “mid-cycle adjustment” in a maturing economic expansion. The Liquidity Crisis that has emerged in the REPO Market has been deeply concerning behind the curtain as many remained clueless as to why it was even unfolding. Many analysts claimed the Fed was hiding something and US shares of banks tumbled when they were traceable to Deutsche Bank exposure.

Oct 29 2019

California Bans the Sale of Furs

Armstrong Economics Blog/Gov’t Incompetence

Re-Posted Oct 29, 2019 by Martin Armstrong

California has become the first state to ban the sale of new fur clothing, starting in 2023. Used second-hand furs will still be legal to sell and no doubt they will play the same game they do with expensive high-end cars. They import them to a low tariff place, pay someone to drive and put 100+ miles on the car, and then resell it as used to avoid tariffs.

The ban will not apply to leather. That would really make the car world go crazy, not to mention the shoe industry. But the attitude in California will most likely inspire a resurrection of the protests of the ’80s where they start throwing red pain on anyone wearing fur. The average person on the street will have no idea if the coat is second-hand or if it was purchased on a trip to New York City on 5th Avenue.

This only illustrates the problem when one state tries to enforce a law that is unenforceable. The ONLY possible way to impose such a law is to ban ownership. But that would then raise Constitutional concerns

Oct 29 2019

This Year’s World Economic Conference

Armstrong Economics Blog/World Economic Conference

Re-Posted Oct 28, 2019 by Martin Armstrong

This year’s WEC was interesting since every part of the world was in crisis and we have gone into great detail with respect to the REPO Crisis. This year’s attendance set new records for the number of people flying in from around the world which included Russia down to South Africa, Europe, North, South, and Central America, all of Asia from China and Korea as well as Japan down to Singapore and India. The cross mix from fund managers, pension funds, banks, to central banks and even heads of separatist movements from around the world provided for a very interesting cocktail party this year.

Even the third-day training session exceeded 400 attendees. We are looking at holding two conferences outside the USA in 2020 in addition to Orlando – Frankfurt, and Shanghai. Perhaps holding three sessions we can reduce the size of these events. When they reach 700 attendees they are getting just a little too big.

There was so much to cover this year we provided extensive materials because there was just no way we could have covered in detail all of the information when we have a REPO Crisis, Liquidity Crisis, Pension Crisis, Sovereign Debt Crisis, Monetary Crisis, and a Crisis in Democracy with rising civil unrest and growing separatist movements around the globe.

We want to thank everyone for all your loyalty and the show of so many who have been making this an annual gathering as if this were a university reunion.

Thank you very much. We will be posting photos in a special sector for attendees onl

Centinel2012

De Oppresso Liber

Tag Archives: progressives

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Armstrong Economics Blog/ECM

Re-Posted Nov 1, 2019 by Martin Armstrong

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Armstrong Economics Blog/Banking Crisis

Re-Posted Nov 1, 2019 by Martin Armstrong

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Armstrong Economics Blog/Sovereign Debt Crisis

Re-Posted Oct 31, 2019 by Martin Armstrong

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Armstrong Economics Blog/Politics

Re-Posted Oct 31, 2019 by Martin Armstrong

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Armstrong Economics Blog/Opinion

Re-Posted Oct 31, 2019 by Martin Armstrong

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Armstrong Economics Blog/Interest Rates

Re-Posted Oct 30, 2019 by Martin Armstrong

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Armstrong Economics Blog/Gov’t Incompetence

Re-Posted Oct 29, 2019 by Martin Armstrong

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Re-Posted Oct 28, 2019 by Martin Armstrong

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