Tag Archives: progressives

Feb 12 2021

Soylent Green – Human Compost


Armstrong Economics Blog/Forecasts Re-Posted Feb 12, 2021 by Martin Armstrong

There was an old SciFi film from 1973 which predicted food shortages in 2022. The answer was to turn human bodies into Soylent Green and tell the people this was processed food. The fear back then was that the world was on the Eve of Destruction, as was remembered in the hit song from 1965.

Now the idea is to turn dead bodies into compost. I wonder if the super-rich will agree to this idea? Bill Gates, Zuckerberg, Soros, and Dorsey might not be remembered if they become fertilizer for the food supply.

Feb 5 2021

Did Retail Really Make GME Rally? Or where there others behind the trade?


Armstrong Economics Blog/Q&A Re-Posted Feb 4, 2021 by Martin Armstrong

QUESTION: You seem to think that the Reddit people were just lucky. Is this the dawn of the little guy beating Wall Street?

GU

ANSWER: Look, this is our Global Market Watch for GME on a Quarterly Basis. The major low took place during the 2nd quarter of 2020. This is a pattern recognition model and while it picked the decline and the rally, most professionals trade technically. I cannot imagine any program that would have been calling for a short position even if you used a simple stochastic. Any technical trader would have been long. I highly doubt that this was simply novice retail people who crated this push. It has all the hallmarks of a professional manipulation and if the SEC does not investigate, you know that means the real hands in the cookie jar are behind the curtain.

Feb 1 2021

Reddit Crowd Boasting too Much?


Armstrong Economics Blog/Basic Concepts Re-Posted Feb 1, 2021 by Martin Armstrong

A number of people have commented that somehow the people on Reddit are taking our forecasts and touting them when to buy as in silver now. It appears that way for  I have been warning for months that the gold/silver ratio will collapse and that silver would gain over gold. The danger that whoever is really behind this Reddit forum is will more likely bring the SEC down on free speech because you cannot tell people to buy stuff and then have a position in the same thing you are touting without full disclosure. That can be 20 years in prison and as long as you are not a New Yorker, you do go to prison.

The ratio made a new historical high exceed that of World War II when silver was cheaper than even nickel 1942 to 1945. It was used to replace the 5 cents “nickel” coins during the war. We put out our forecasts recommending silver over gold and that has been a good trade. However, these people behind Reddit are making it appear that if people follow them they can beat Wall Street.

All they have been doing is picking the trade that is in motion. They are NOT capable of manipulating a market insofar as turning a bear market into a bull market any more than Wall Street can. If the Wall Street crowd was all-powerful, then they would not blow themselves up and run to the government for bailouts. What they have been doing is accelerating the move but the timing remains the same. Only the volatility rises.

A word to the wise! You will lose everything if you think these people are never wrong and can beat Wall Street. Taking out billboard signs bragging about GameStop is not going to prevent a crash.

Jan 27 2021

China Becomes #1 Place for Direct Foreign Investment


Armstrong Economics Blog/China Re-Posted Jan 27, 2021 by Martin Armstrong

Because the West has decided to commit suicide economically to push this Great Reset and destroy the economy to BUILD BACK BETTER, they are fulfilling precisely what our model has been forecasting – that China will become the Financial Capital of the World post-2032. China has surpassed the United States for the first time as the #1 place for direct foreign investment. We warned last week that our capital flow models were picking up capital pouring out of Europe to China much of it investing in their bonds paying 3% compared to negative yields.

The actions taken by Biden in the first three days seems to be just intent on reversing whatever Trump had done from stopping the pipeline to ordering the end of construction of the wall as hundreds of thousands are now headed to the USA with rumors that Biden will grant citizenship to all illegal aliens inside the USA. They are headed to California in herds of mass migration. Never before in history has any president so drastically altered the direction of the country so unilaterally without any serious consideration for what the consequences will be long-term.

Biden fails to realize that there is a worldwide economy out there. The United States is not unlimited in its power. He has indeed shown that what our computer has been forecasting for years will indeed be absolutely correct. He fails to understand that China is strategically building its own consumer-based economy thereby severing the reliance upon the United States to sell its products. Germany never departed from its mercantile economic model. German citizens pay high taxes and as such, they are near the bottom of the European ladder for wealth. China is well aware that what made the USA great was its consumer-based economy. Germany never figured that out and relied always upon selling to everyone else.

China on the Rise Report where we laid out that it would surpass the United States as the financial capital of the world was published in 2018. We will be doing an update soon, but all the forecasts are on track and the West in committing economic suicide is merely accelerating the trend.

Jan 27 2021

New York to Legalize Prostitution


Armstrong Economics Blog/Regulation Re-Posted Jan 27, 2021 by Martin Armstrong

In New York, a new bill has been introduced that would decriminalize sex workers in New York. However, the bill will while still holding pimps and buyers accountable.  Pimps are one thing, but holding the buyer criminally liable is an invitation for police to masquerade as sex workers, and then if the guy agrees, they cuff him. They use this came already in drugs. They go around pretending to be a supplier or a buyer with the same outcome. This is a recipe for disaster.

Jan 27 2021

Larry Kudlow to Host New Fox Business Network Program


Posted originally on the conservative tree house on January 26, 2021 by Sundance

Former White House Chairman of the National Economic Council, Larry Kudlow, will begin a new venture joining Fox Business News on February 8th.

Kudlow joined the wolverine Trump economic team in 2018 and was complimentary to the objectives of the Trump administration with his affable demeanor.  Secretary Ross, Ambassador Lighthizer, Secretary Mnuchin and Peter Navarro were the teeth, while Larry Kudlow was the one who smoothed the edges.  The entire team complimented each-other brilliantly.

Fox News Media announced on Tuesday that Larry Kudlow, former President Donald Trump’s top economic adviser, would host a new weekday program on the Fox Business Network.

Kudlow, who served as director of the National Economic Council from April 2018 until the end of Trump’s presidency this month, will also be a contributor across all Fox News Media platforms — providing “expert financial analysis on domestic and global affairs.”

He will begin work on Feb. 8, and details about his upcoming show “will be announced at a later date,” according to Fox News Media.  (read more)

Jan 26 2021

Where Has Our Culture Gone?


Armstrong Economics Blog/Understanding Cycles Re-Posted Jan 26, 2021 by Martin Armstrong

COMMENT:  A follow up to the Frank Sinatra post titled “Appropriate for our Times.” (see story)

This Christmas story is deep and touching. Some people like Sinatra, are still in tune with life, no matter how much money they have, while others think they are above the world.

The story has Sinatra’s friend, Jilly, telling him, he is not as famous as he thinks he is, as none of the homeless he bought Christmas dinner recognize him. Much to their surprise, as Sinatra was leaving, all the homeless thanked him by his name and wished him a Merry Christmas.

SGK

REPLY: Those were the days. You never had to lock your doors. Where has our culture gone? It is much like the song about cycles.