Britain An Unprecedented Economic Decline into 2026


Posted originally on Nov 1, 2024 By Martin Armstrong |  

2024_10_29_07_16_13_Sir_Keir_Starmer_suffers_biggest_fall_in_popularity_for_new_prime_minister

Aside from the collapse in Starmer’s popularity, he has confirmed our forecast for Britain. The left never saw someone they did not want to shake down for money. In the US, we have Trump talking about eliminating the income tax, which I worked on during the Nineties and even testified on taxation before the House Ways & Means Committee. Starmer has announced major tax hikes and higher borrowing to meet his aim of investing for long-term growth.

The tax hike as a percentage of gross domestic product to a record 38.2% will be the highest in modern British history, resulting in government spending not seen outside an emergency or war. While he claims that the additional £40 billion ($80 billion) is to invest in the future, it will undermine the future of Britain.

This year saw a Double-Directional Change on the yearly level for the pound, and we are looking at an unprecedented economic decline into 2026. This is what the LEFT refuses ever to comprehend. They are Marxists until the end.

BRICS will not kill Dollar – War Will


Posted originally on Oct 29, 2024 By Martin Armstrong

BRICS Currency

QUESTION: Marty, I know you will not say who you advise, but we know you were the only Western analyst called in by China during the Asian Currency Crisis. People have also seen you in India at that famous hotel that the terrorists attacked. China even issued a white paper on how their central bank uses Capital Flow Analysis, which you invented. That said, my question is: The BRICS had everyone expecting a gold-backed currency if that failed. You also said in an interview that the new BRICS currency would not displace the dollar. Would you comment on why a gold-backed BRIC note would fail since they seem to have taken that position from you?

QB

BRICS Note

ANSWER: The BRICS currency was created for geopolitical reasons when the Neocons transformed the SWIFT system into an economic weapon and even threatened China that they would do the same to them if they supported Russia. Once that occurred, the Neocons transformed the entire world’s monetary system into a weapon of war. That is why we have the BRICS. It had nothing to do with killing the dollar or backing their currency with gold.

Wholesale Price Inflation Gold Fluctuated

Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. Look—a gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is gold does not eliminate inflation or deflation. All the gold discoveries during the 19th century in California, Alaska, and Australia caused havoc economically. Then there were wars. The fact that gold was the currency did not prevent inflation.

1715 FleetCobSet 2

Spain defaulted 7 times. All the gold and silver they brought back from the New World caused massive European inflation. Those who preach that a gold standard is the answer know nothing about history.

Tiberius Aureus Genuine India Imitation
Gordian III AV Inidian Imitation

They blame “fiat currency” as if this will solve all the problems by eliminating it. There were booms and busts throughout ancient times long before there was paper money. ALL currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they had a premium over gold – fiat. Northern India and the Kushan Empire did issue their own coinage mainly because they traded more with China. Southern India stuck imitation Roman gold coins for about 250 years.  That confirms that the Roman coinage was worth more than the metal content.

BRICS Will Not be a Gold-Backed Currency or a Dollar Killer

Strong Euro
Euro US Clear

They made the same claims about the Euro. That, too, did not work out well. Why? The value of a currency is the productive capacity of its people—not its gold reserves. Japan and Germany lost the war and rose to the top of the economic food chain because their people were productive. The United States has the largest CONSUMER-BASED economy, so everyone needs to sell their products here. That means that they must sell in dollars. The US is also strong militarily. That also adds to the foundation of the currency.

UK Debt 1692 2012

It is time we abandon all of these old, stupid economic theories, leftovers from the 18th and 19th centuries. The economy has evolved since then. The Neocons are destroying the dollar. They are undermining the future of the United States, and when we lose another one of their endless wars, the financial capital will shift from New York to Beijing. Just as war killed Britain, so will it kill the dollar and the United States.

Agenda 2030 – The UN/WEF Quest for One-World Government


Posted originally on Oct 29, 2024 By Martin Armstrong 

Kuwait Suspends Services to Thousands for Failing to Submit Biometric Data


Posted originally on Oct 28, 2024 By Martin Armstrong 

Digital ID 2

Kuwait has forced over one million citizens to hand over their biometric data in one of the most extreme pushes for digital ID. Kuwait introduced a national electronic ID (eID) that they say will assist with identification verification, digital signatures, E-government access, and the secure exchange of data. The deadline to file for this mandatory program was September 30 and the consequences for failing to comply were swift.

On October 1, the Ministry of Interior announced that those who failed to submit their data would be prohibited from all electronic services such as withdrawals, transfers, and account transfers. One cannot even withdraw cash. Around 35,000 people have been blocked out of their bank accounts and are unable to even view the balance. A few weeks later, those in noncompliance has their electronic bank cards deactivated. Visa, MasterCard, and K-Net all abided by the government’s rule.

Beginning on November 1, The Kuwait Banking Association stated it will implement a “complete block” on all accounts, which means one cannot even withdraw funds if they go to the bank in person. Expatriates have until December 31 to submit their biometric registration.

The government has reported an uptick of 6,000 new registrants per day compared to 600 since they began blocking citizens from accessing their own bank accounts. The government called this a “phased approach,” believing they’ve offered leniency to the public.

The issue here is that governments globally are strapped for funds and believe that they can increase revenues by at least 35% if they hunt down their citizens for taxes. Then we have the layer of the Great Reset put forth by Klaus Schwab and the World Economic Forum that is aiming to create a One World Government complete with a global database to track absolutely everyone. Australian journalist Maria Zaric has called it a “digital prison.” Once you’re locked in, you’re locked in. People will be less likely to speak out against the government, protest, or refuse vaccinations if they know their government can immediately exile them from society. This is more than a mere identification as it provides the government with instant access to all of your information and they will track your every movement. This is only the beginning of a massive wave of tyranny. Our computer has been warning that we have been entering into a more authoritarian mode that will reach a head in 2032.

Hungary & Serbia


Posted originally on Oct 28, 2024 By Martin Armstrong 

Hungary_Forint Y Array 10 26 24

QUESTION:  Dear Martin,

thank you for all your work and the inside you give!

I’m following your blog since 2016 and I would like to ask you for an outlook regarding Hungary and Serbia.

Looking at the actual situation in Europe and history since 1914 it smells like after the smoke will be gone after 2032 the Chinese will focus on these two as their main partners in Europe.

China is heavily investing in infrastructure in both countrys, especially northern Serbia and south Hungary.

All the best and prepare for another 50 years with us, as Scotty needs to overhaul the machines … 

Best regards
—————-
V. K.

ANSWER: It does appear that Hungary and Serbia will survive against the rest of Europe. 2024 was a turning point, and like most other indicators, we see turmoil into 2027.  I speak to people there in Serbia and even Macedonia. The general sentiment is pro-Russia, for they never seem to have anything positive to say about Ukraine, most likely because they were goose-stepping with Hitler’s Nazis.

China has been making inroads into Africa and South America. It understands the economic model and cycles. It generally believes that this is its time to rise. Keep in mind that China’s rise is enabled by the stupidity of our leaders and this quest for war with Russia. The West is committing suicide, and that, above all else, is enabling China’s rise. This is not my dream or desire. I have grandchildren, and I had hoped to leave them in the future. But we have allowed these Neocons to seize power, and our complicity, combined with the refusal of mainstream media even to do investigative journalism anymore, is making sure we will crash and burn.

Interview: Big Crisis Coming – How to React


Posted originally on Oct 27, 2024 By Martin Armstrong 

EU Commissars in Brussels Set Up “Trump Task Force” to Prepare for President Trump 2024 Election Victory


Posted originally on the CTH on October 26, 2024 | Sundance 

The leaders of the European Union are nervous about President Trump: (1) ending the war in Ukraine, and then (2) ending the Marshal Plan, thereby taxing their exports to the U.S as Trump demands tariff reciprocity; and lastly (3) forcing them to pay for their previous NATO commitments.

Brussels has set up a defensive office within the EU bureaucracy called “The Trump Task Force.”

BRUSSELS — Top European Union officials have met with the bloc’s ambassadors to talk through what it would mean if Donald Trump wins the U.S. election, 12 EU diplomats told POLITICO.

“They’re worried about trade but mostly [about] Ukraine,” one of the diplomats said, adding that Brussels foresees “abrupt changes on U.S. policy even before the inauguration.” The diplomat, like others quoted in this piece, was granted anonymity to speak candidly.

The conversations revolved around two areas of uncertainty should the Republican candidate reclaim the White House: Whether Washington would continue to support Ukraine and the prospect of higher U.S. tariffs for all incoming goods.

[…] The meetings come amid reports the bloc has set up a rapid reaction force to prepare for the fallout of the elections, colloquially known as the “Trump task force.” The EU wants to hit back hard on trade if Trump wins.

Trump has warned that he won’t defend “delinquent” NATO allies spending less than 2 percent of GDP on defense. And he has threatened to slap 10 to 20 percent tariffs on all imports to bring manufacturing jobs back to the U.S. On Thursday, Trump called the EU a “mini China.”

“They don’t take our cars, they don’t take our farm products, don’t take anything. You have a $312 billion deficit with the EU. You know, the EU is a mini — but not so mini — is a mini China,” he said.

Three of the diplomats said that the discussions also touched upon the EU’s relations with China, with Trump set to antagonize Beijing even more. The meetings involve six Commission departments and cover topics such as trade, energy and digital policy — areas that could experience turbulence if Trump returns to the White House. (read more)

Lady Liberty can stroll along the Champs-Elysées with a swagger befitting Mae West because without her arrival they’d be speaking German in the Louvre.  Yet for the better part of the past two decades a group of intellectual EU something-or-others have been pushing an insufferable narrative that it’s better to be sitting around a campfire eating sustainable algae cakes and picking parasites off each other.

Enough.

When I hear Donald Trump say, “Let’s Make America Great Again”, I also hear the familiar echo “cowboy up” people.

It’s high time we stop being embarrassed about our exceptional nature, and start being proud of it again.   Because when it matters most, when it really counts, when it’s really needed, there’s a whole bunch of people all around this world of ours that are mighty happy when swagger walks in to solve their problems.

Yup, “let’s make America great again”.  Swagger on!

WATCH THIS:

Capt. James Fanell Blasts Generals For Their Trump Comments, And Breaks Down The Hyperaggressive CCP


Posted originally on Rumble By Bannons War Room on: Oct 23, 2024 at 6:45 pm EST

Karen Siegemund: “People Used To Understand We’re In A Cold War, Now They’re Unaware”


Natalie Winters: “They Have To Destroy America So The Managerial Ruling Class Can Get Even Richer”


Posted originally on Rumble By Bannons War Room on: Oct 23, 2024 at 6:45 pm EST