The Rise of Hate Politics


QUESTION: Thank you so much for your insight and for Socrates~~~I am wondering why you lend any energy at all to Ocasio~~~she is both stupid AND dishonest~~~yet I think from my experience reading you that you may have some logic.

Tnx, JGE

ANSWER: She actually has a greater following than Schumer or Pelosi, and they seem to be letting her run wild. My discussions in Washington were enlightening. There are many people in the Democratic Party who actually think their people want more taxes and agree with her New Green Deal. Their corporate sponsors will run in the other direction. The real damage is being created because this only adds to the polarization we see in 2020. Long-term, there is ZERO hope of ever getting back to a normal government. We have entered the realm of hate politics.

GDP Release: 4th Quarter Growth 2.6%, 2018 Annualized 2.9%, 2018 Yearly Real GDP 3.1%…


The Bureau of Economic Analysis, BEA, finally released the fourth quarter growth rate estimate for 2018.  The 4th quarter growth result at 2.6% exceeded expectations, and shows the U.S. economy is growing stronger than almost all economic forecasts.

WASHINGTON DC – In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year. The domestic economy grew at a pace of 3.4% in the third quarter and 4.2% in the second quarter.

Despite the softening in GDP in the fourth quarter, overall growth in 2018 was solid. Real GDP grew at a pace of 3.1% in 2018, measured from the fourth quarter of 2017 to the final quarter of 2018. This represented a stronger pace of annual growth than the 3% targeted by the Trump administration. (read more)

The professional political class and corporate financial media are once again trying to talk down the strength of the U.S. economy.  However, the Main Street economy is powering through despite their efforts.

There is a visible connection between the Wall Street multinationals and the financial media; both are riddled with anxiety over Trump’s economic policies that favor Main Street over Wall Street and it shows in the media coverage.  I digress.

“Consumer spending continued to grow solidly and, most encouragingly, business investment growth recovered sharply after a dip in the third quarter. Despite big external headwinds and financial market volatility in the fourth quarter, U.S. firms are not retrenching sharply on capex. Labor market strength and ongoing fiscal stimulus should see domestic demand expanding by enough to keep GDP growth above potential in 2019, despite a rising drag from net trade.”

— Brian Coulton, Fitch Ratings.

“Business investment was a big positive surprise, with nonresidential spending soaring 6.2% on the back of a 6.7% jump in equipment spending and a honking 13.1% increase in intellectual property products.”

— Sal Guatieri, BMO Capital Markets.

The rate of import goods, a deduction from GDP, slowed down between the third and fourth quarter and consumer spending was higher than anticipated.  That’s good news, but that’s not the whole story….. for Main Street it gets even better.

The current inflation rate (PCE index) was once again measured at 1.6%.  However incomes are rising faster than inflation.  This leads to more “disposable income”:

Disposable personal income increased $218.7 billion, or 5.7 percent, in the fourth quarter, compared with an increase of $160.9 billion, or 4.2 percent, in the third quarter. (TABLE 8)

(pdf – BEA source)

BEA: During 2018 (measured from the fourth quarter of 2017 to the fourth quarter of 2018), real GDP increased 3.1 percent, compared with an increase of 2.5 percent during 2017.

The Full Picture: Business investment into Main Street USA continues to increase.  Manufacturing jobs and durable good employment in Main Street continues to increase.  Wages continue to rise.  Inflation on most consumer goods remains low.  Disposable income is growing, which means more consumer spending.  More consumer spending means higher rates of economic growth and an expanding economy.

MAGAnomics is working.

TheLastRefuge@TheLastRefuge2

U.S. economy grew faster than expected in Q4 https://news.yahoo.com/4q18-gdp-first-and-second-estimate-130025490.html?soc_src=hl-viewer&soc_trk=tw  via @YahooNews

U.S. economy grew faster than expected in Q4

In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

news.yahoo.com

67 people are talking about this

TheLastRefuge@TheLastRefuge2

GDP surprise chalked up to unexpected consumer spending during shutdown, R&D growth https://on.mktw.net/2TgXj0M 

Consumer spending during shutdown, R&D growth led to GDP surprise, economists say

Here’s what economists are saying about the 2.6% growth in gross domestic product during the fourth quarter, which was faster than consensus expectations.

marketwatch.com

49 people are talking about this

Fashions Turning to Civil Unrest for Inspiration


QUESTION: Mr. Armstrong; I am in the fashion industry and it becomes painfully obvious that there are cycles in fashion. You have mentioned before the economic correlations of the rise and fall of women’s skirts and how men’s ties widen and then narrow. What do you make of this year’s fashions that seem to be very political and disturbing?

Anonymous designer

ANSWER: It certainly appears to be in line with our cycle of civil unrest. I must admit, the black face one is one thing, but the hoodie with the hangman’s noose is hard to explain as just coincidence. The designer for Burberry claimed to be following a “nautical” theme. I can only take a guess at this one and assume it reflects the polarization within society. There are clearly cycles in fashion. There were cycles in fashion among women that are clearly identifiable even on the coinage.

 

Save the Planet – Kill All Humans?


COMMENT: I confess. I use to be a Democrat. I can no longer accept this insanity. This new green deal is just stupid. I like how you are unbiased. That is so rare these days. You should turn this into a TV network to compete against FOX and CNN just taking the middle ground.

Thank you

LM

REPLY: This New Green Deal is just beyond all belief. It has to be raised by someone like AOC because anyone with any intelligence would see it for what it is — complete insanity. If the Democrats are really going to let her dominate the party, then they are courting their own destruction. Eliminating all air travel will result in massive starvation. If there is a plague that begins in Africa, doctors cannot fly there to help. It is not even practical enough to warrant a debate.

You are not the first to suggest creating a middle of the road REAL news station. We would need some real money-backers for that.

The Decline in Quality is Part of the Cycle


QUESTION: Hi Marty,

Wanted to ask you if you are noticing the same thing as me regarding the ‘quality’ of goods and services these days and if this is history repeating itself again, such as the fall of the Roman empire?

To explain, I am noticing that the quality of the goods and services I buy whether durables or consumables is terrible and only getting worse. Nothing is built to last (such as tools, electronics, even vehicles), and the quality of consumables such as food and services is b-grade at best and it is hard to find alternatives.

I live in Australia and just about everything is made overseas, such as China. I bought a simple axe from a hardware store and it lasted 3 weeks. Had it replaced and it lasted 3 more weeks. Went back to see if I could find one made in Australia and could not find any.

Rents are expensive but landlords treat you like your scum, not to mention insurance companies.

Car registration is expensive and yet the quality of our roads is terrible.

Economists often say competition is good but they don’t seem to recognize how the quality of our produced goods and services is suffering a result.

I delivered some building materials to a client one day and he proceeded to tell me how he had a fancy door made and shipped from China for less than $1700, but that to have the same door made locally, he was quoted $6400. I proceeded to then tell him, that is ok for you as you have saved money, but are you aware that every time we buy stuff from China, China’s mountain of Australian dollars gets bigger and bigger, and the only place they can spend those Australian dollars is back here in Australia, and so is it any wonder that Chinese investors are buying up our real estate? The mans’ face went WHITE!!!

Are you noticing the same thing and are you able to draw a parallel between now and other historical times?

DW

ANSWER: Both the quality of goods and services declined during the 2nd century (post-180 AD), and society began to decline overall even morally. An interesting view is that of an outsider looking in. The author of this interesting quote is the famous 10th-century Arab geographer and historian Abu al-Hasan al-Mas’udi (c. 896–956AD) of Baghdad. He reflected upon what unfolded in Europe, expressing the grim reality in the early Middle Ages through a foreigner’s eyes. In outlining the peoples of the world for his contemporaries, an Arab geographer of the day described Europeans as having “large bodies, gross natures, harsh manners, and dull intellects . . . those who live farthest north are particularly stupid, gross and brutish.” He described the fall of Rome, and in describing western civilization, he effectively used similar concepts that the classical historians like Herodotus and Tacitus had once used to describe the barbarian world outside of European civilization.

The sequence of events leading up to such drastic changes begins with high taxes and hunting the rich as we are witnessing today. Maximinus I declared all private wealth belonged to the States which was just one more step to the left from Bernie Sanders, Elizabeth Warren, and AOC. Once you do that, the result is the hoarding of wealth and that ends up contracting investment creating an economic death spiral. Education declines and regulation rises as the government seeks more power. The overall trend creates a precipitous drop in quality of life, and all the very reasons for the rise of civilization are then reversed and the trend moves from concentration to separation. This is the overall general scheme as to the reasons why Rome fell.

Keep in mind that the Dark Ages were about 600 years. So we need not worry about this complete collapse in our lifetime. Nevertheless, we are experiencing the early stages of the decline and fall of Western Civilization. The government pensions will create the same trend of fragmentation and turning government employees against the people. We will see the split of the European Union and the same in Canada as well as Australia. The United States will also split as some regions will reject the socialist regions and their attempts to subjugate their beliefs to their own.

If Rome’s sheer size made it difficult to govern because centralized government always fails. This contributed to the ineffective and inconsistent leadership which only served to magnify the problem as we are witnessing today as politics also has become highly polarized. Being the Roman emperor became a highly risky position during the 2nd and 3rd centuries. Civil war became commonplace as people made attempts to take power or to separate. This would thrust the empire into chaos, which we will begin to experience after 2020. The Praetorian Guard—the emperor’s personal bodyguards—assassinated and installed new sovereigns at will, and once even auctioned the spot off to the highest bidder who was Didius Julianus (193AD). There were two rival bidders but Julianus won paying 25,000 sestertii per man, which was the high bid and he was duly declared Emperor. However, the Praetorians were not loyal to him and he was beheaded on June 2nd after a reign of only 66 days.

The Praetorian Guard became the same as we have today with the Deep State, illustrated in the FBI, CIA, and NSA all conspiring to overthrow Trump. This political chaos also extended to the Roman Senate as it has currently in modern times. The Senate became a cesspool of corruption that failed to temper the excesses of the emperors due to its own widespread corruption and incompetence (i.e. gridlock). As the situation worsened, civic pride waned and many Roman citizens lost trust in their leadership. Trajan Decius (249-251AD) was the first Roman Emperor to be killed in battle with the Barbarians. That had a great impact on the confidence of the people in government. They suddenly saw themselves as vulnerable. Then, in 260 AD, the Roman Emperor Valerian I (253-260AD) was captured and kept as a slave to the Persian king. That was the final straw, and we see the collapse of the Roman Monetary System within 8.6 years.

The Barbarian attacks on Rome partially stemmed from a mass migration caused by the Huns’ invasion of Europe in the late fourth century. As the Huns moved West, the barbarians were compelled to invade. Once they saw that Rome was vulnerable following the capture of Valerian, the invasions began in mass. This led to the Roman Empire dividing into three regions. Postumus (260-268 AD) led the rebellion creating the Gaulic Empire (Britain-France-Spain) and in the East Zenobia carved out her Empire based in Syria.

We are simply following the very same pattern in the same order. History repeats simply because human nature never changes. We would always like to think we are smarter and different. That has never proven to be anything more than a preferred delusion.

Heather Mac Donald: How Much More Delusional Can University Students Get?


Published on Jan 22, 2018

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Finnish officials push schools to improve gender diversity teaching, leave behind traditional gender roles https://yle.fi/uutiset/osasto/news/fi… Real Story Behind Alleged Conflict Between “MAGA Kids” and Native Elder REVEALED https://www.youtube.com/watch?v=NpPfj… NÄIN NÄMÄ MAAHANMUUTTAJAT KÄYTTÄYTYY SUOMESSA! HERE IMMIGRANTS ACTING STUPID IN FINLAND PART 5 https://www.youtube.com/watch?v=qUtDA… Joe Klesner, provost of Kenyon College, welcomed conference attendees prior to Howard Dean, former governor of Vermont, Steven Pinker from Harvard University and Heather Mac Donald from the Manhattan Institute participated in a panel discussion which was moderated by Tom Karako of Kenyon College. https://www.youtube.com/watch?v=a2-JO…

Climate Change Conspiracy to End Steel & Plastic Production


QUESTION: Are you aware that the climate change crowd is trying to force companies to expose the fact that whatever they produce is damaging the environment and investors should sell their shares to drive them into bankruptcy?

PD

ANSWER: Yes, the latest fashionable demand is to force companies to make “climate disclosures” that reflect their skewed research. This occurs when corporations are required to made disclosures according to their highly unlikely climate-risk scenarios. The objective is to scare investors and increase their cost of capital to these firms to drive them out of business and create massive unemployment. This new strategy is supported by AOC (Alexandria Ocasio-Cortez). The idea that finance or investor pressure could provide a solution to global warming is absurd.

The strategy is to create demonization of electrical utilities and force a low-carbon transition whereby we would no longer be able to manufacture steel or plastic. This would eliminate airplanes and it would really destroy Western civilization. The third world would NEVER be able to adopt such measures and it would permanently keep their people and countries in the stone age. These people pose a far greater threat to civilization than climate deniers.

Warren Buffett Loses Billions


QUESTION: It is no secret that you went head to head against Warren Buffett in his silver manipulation. He is having a very bad year with his buy and hold value strategy. It looks like without making billions on the side manipulation of commodities, he is no better a fund manager than anyone else. Care to comment on his strategy?

WD

ANSWER: The Warren Buffett strategy of value investing and buy & hold is entirely dependent upon the direction of the market. The Warren Buffett strategy is a long-term value investing approach passed down from Benjamin Graham’s school of value. “Buffett is considered to be one of the greatest investors of all time. His investing strategy, value, and principles can be used to help investors make good investment decisions.” This is all the propaganda. It applies to an economy that is in a long-term inflationary trend that is really left over from the Great Depression days.

 

I was blamed for the takeover boom because I was advising a lot of the takeover players around the world. I simply showed clients the chart on the Dow in terms of book value and that the historic low that took place in 1977. I merely illustrated that you could buy a company, sell its assets, and double or triple your money because the market was so underpriced going into the end of a Public Wave. This Private Wave began in 1985 and that was the breakout of the market.

Anyone who simply bought stocks in 1985 made a fortune. Warren Buffett famously avoided investing in technology stocks. Nevertheless, he had bought Big Blue, then sold Apple and Oracle. He was so old school brick & mortar that he really missed the technology shift.

His buy & hold strategy fails because it ignores cycles. Anyone who bought stocks in 1985 and just held as the Dow rose from 1,000 to 21,000 beat even Warren Buffett. He takes positions in companies and cannot flip when the business cycle turns. He lost $4.3 billion in a single day. That is not a fund manager in my book.

Buffett did not believe the rally as most others going into 2018. For years, Buffett was building up its cash rather than investing. He began to invest during the third quarter, actually buying the high since the NASDAQ peaked in August, the S&P 500 in September, and then the Dow on October 3. He bought some banks like JPMorgan Chase and Oracle for the first time.

Obviously, his timing was not very good and his strategy of buy and hold does not fare very well in a decline.

Democrat House Oversight Subcommittee Schedules Hearing on Climate Change, Democrats Don’t Show Up…


You can’t make this stuff up if you tried.  All we ever needed to know about the purely political use of ‘climate change’ as a manufactured tool for electoral votes is visible in this one moment.  Democrats, led by Alexandria Ocasio-Cortez and the Green New Deal, have been claiming the world will end in twelve years if Climate Change is not addressed.

To highlight their commitment to the urgent need, Speaker Nancy Pelosi created a House subcommittee dedicated to selling the need for the Green New Deal.  To reinforce the urgency, the new House Oversight Subcommittee scheduled a hearing with the intent to target climate change deniers called: “The Denial Playbook”.   The hearing was today.

A panel was set to deliver testimonials and statements to advance the priorities of the Democrat congressional team selling the Green New Deal; except, well, the majority Democrats ran into a problem…. they didn’t show up for the hearing.

According to the position of Democrats and the GND supporters, the world is ending in less than twelve years.  Yet, no-one shows up for their Climate Change hearing?

With only two democrats showing up for the hearing; and highlighting the fraud that surrounds the entire premise of the effort; and with four sub-committee republicans who did show up, outnumbering the Democrat majority; ranking minority member Louie Gohmert made a motion to adjourn.  The adjournment motion passed 4 votes to 2 and the hearing was adjourned. WATCH BELOW:

Embedded video

Nate Madden

@NateOnTheHill

House Democrats scheduled a subcommittee hearing on climate change. Not enough of them showed up to outvote the Republicans.@replouiegohmert called to adjourn the meeting. The motion succeeded (4-2).

The hearing adjourned.

Full video: https://www.youtube.com/watch?v=c8-GVy5eBqA 

1,306 people are talking about this

The full video below.  [Prompted, just hit play]

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