Hope as Police Defend the Protesters in Austria


Armstrong Economics Blog/Civil Unrest Re-Posted Feb 2, 2021 by Martin Armstrong

COMMENT: Austria seems to have copied the Slovak tyranny.
Once commerce reopens in Austria, everyone will have to wear N95 masks, and in service-type establishments (hairdressers, etc) only those with a negative test certificate will be allowed entry. Also, kids will have to be tested twice a week in order for schools to reopen.

Slovakia has also set a similar condition for school opening that requires both kids and parents to be tested every week. Only if they are all negative will the kid be allowed in school. This also applies to pre-school (kindergarden) children.

PG

REPLY: The police have crossed the line in support of the people. This is the HOPE we need to nurture. Every person you know who has a family that is a police officer, we need to turn them to support the people. Nuremberg is the exact example. Just following orders will not cut it when the tide turns against governments which it will.

YouTube Version:

Iran & World War III


Armstrong Economics Blog/War Re-Posted Feb 2, 2021 by Martin Armstrong

Thanks to provocative moves by Iran, President Biden is facing an increasingly uncertain situation when it comes to Iran, which has been America’s nemesis since the 1970s when they called the US the Great Satin. They have been pushing much of the Middle East’s instability for decades. The military in the last days of Trump dispatched B-52 bombers to the Persian Gulf in response to an alleged Iranian attack plan and reversed an order to bring home the USS Nimitz, the only US aircraft carrier in the region.

Iran has not only announced that it had resumed advanced uranium enrichment in violation of the 2015 nuclear deal, but they also seized a South Korean-flagged oil tanker and its crew. These actions coming just two weeks before President Biden’s inauguration seems to be playing out the reverse strategy of 1980. Back then, they held the American hostages captured from the embassy under Jimmy Carter and they suddenly released everyone when Ronald Reagan took office. This time it was Trump who was anti-war so the tensions rose now with Biden.

This time Iran has covert support of China and Russia and it may be simply a proxy to unleash war in the Middle East, which the US defense industry will certainly welcome after the four years of austerity under Trump.

In Search of a Superhero


Armstrong Economics Blog/Opinion Re-Posted Feb 2, 2021 by Martin Armstrong

QUESTION: Mr. Armstrongh; I watched the Forecaster here on Television in Norway. I watched it again flying to the United States on the plane. You are the only person who has the experience of politics and has faced the club head-on. Why won’t you run for president in a new third party?

OG

ANSWER: I greatly appreciate your comments. But I have no desire to step into that arena. It takes so much energy. I have seen it first hand. I am far better off behind the curtain, and even that is hard now because people want to snoop behind the curtain as well.

I never enjoyed even managing employees, no less trying to tame Washington. I tried to help and could not penetrate the corruption (swamp). We need to find someone younger who has the energy. I will be glad to whisper in their ear. But my time has passed for that. It was never my ambition. We are going to need a young superhero — that’s just not me.

I am 70 and I am too tired to do something like that. I can’t imagine Biden doing this at 78. Ronald Reagan had the courage and the stamina. He was a great man.

They say history produces our leader of savior when we need it the most. Sometimes it has given us people like Lenin, Hitler, and others who had a dream constructed on hatred of their opposition. Let us pray our next superhero will not be a madman.

Are We in the Middle of Absolute Tyranny?


Armstrong Economics Blog/Tyranny Re-Posted Feb 2, 2021 by Martin Armstrong

COMMENT: Martin and team:
With Trudeau fully on board with the Great Reset, canceling the $CDN and going fully digital is just another step to fulfill his goal.  I must confess I don’t quite understand the full significance of this and I am not sure if this is going to be reported by the mainstream media here in Canada

Unfortunately, I am sorely disappointed with the reporting of the Canadian mainstream media’s coverage of the US election as they merely regurgitate the fake news in the US.  In my opinion, if you want better fake new propaganda there is CNN and if you want a better in-depth discussion of what is really going on then you have to go to Fox news in the US (CNN had tried to stop the cable companies from carrying Fox News).
I believe if Trudeau is allowed to stay in power in the upcoming spring election (he will call one and looks like he may have a good chance of getting re-elected) he will lead our country further down the path of destruction.  We will truly become the Venezuela of the great white north, blessed with an abundance of natural resources but getting poorer due to policies driven by political ideology.  Trudeau had only given token gesture with Biden’s cancellation of the pipeline.  I believe he is also destroying our parliamentary system by not allowing the opposition party to ask legitimate questions and have a meaningful debate in the house of commons ( that is why it has canceled the currency in secrecy).

Furthermore, as we are bombarded by COVID infection and death tolls every day, the mainstream media here in BC is pushing for a more severe lockdown citing Australia as the model for getting their citizen back to “normal” life. Many in the public are angry at those who do not fully comply and want the government to impose severe fines and jail time.  Of course, they also believe the vaccine will end the lockdown.    I wonder if they really know what it is like to live under a communist regime (as one of your readers had written about what is happening in Czechoslovakia).  I will try to write to talks show hosts in radio stations who will at least listen to different viewpoints without immediately being dismissed as spreading conspiracy lies.

I am sure many of your Canadian subscribers will be eagerly awaiting your report on Canada.  I also believe we are at a crossroads here.  If we do not speak up now we will be living for the rest of our lives like sheep.
Please keep up the good work and many thanks for the important messages you are writing in your blog.
CT

REPLY: The degree of manipulation of the public on such a grand scale calls into question whether these people are being outright bribed like those at LANCET. This is a very well organized global scheme. I find it astonishing that anyone who criticizes this agenda the mainstream press is calling a conspiracy theorist. Boris Johnson even admits this is “radical” reform. He was not elected to change the world economic system. Where do these people get off changing everything, while never bothering to tell people the extent of their real plans.

It reminds me of a prosecutor trying to discredit a witness against a banker. A prosecutor asks, When was the last time he beat his wife? He responds, “Never!” He calls his wife as a witness and she swears he never beat her. The prosecutor tells the jury she lied because she was afraid she would be beaten again. He is discredited as a witness with nothing more than words.

These people are deliberately trying to change the world. They could not scare the people with climate change so they used a virus and then perhaps bribed key politicians so they never would have to submit what they had in mind to a public vote. Is this outright tyranny? If it is not, then nothing is!

THE GOOD NEWS

They will still fail!

The Conspiracy Against the People Will Fail


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

I have been warning that despite all their influence via the World Economic Forum, Gates Foundation, and Soros’ Open-Society calling for a one-world government, they will fail. We have even Governor Cuomo suddenly realizing that he may have destroyed New York City permanently. California is bleeding businesses so rapidly; the tax the rich policy that relied on the top 1% paying 48% of the state’s taxes is rapidly dwindling. All the people who have their hand out always expecting more will find there is not enough to go around. California Governor Newsom has suddenly lifted the stay-at-home order even in face of a new California strain of COVID, which is more contagious.

While many are interpreting this change is only because they used it to defeat Trump, behind the curtain, there has been this global effort being pushed for the Great Reset. Even in Italy, we are witnessing uprisings against these COVID lockdowns, which have utterly destroyed tourism, and hotels are closing, never to reopen again. This idea that they can lock down the world by using this virus to reduce CO2 is starting to reach the boiling point. Destroying small business is really their goal in addition to ending commuting. Biden’s Climate Czar claims the world was broken before, so there will never be a return to the way it was.

This idea that these people can destroy jobs and redesign the world economy, creating a “useless class” of people who cannot find employment in a new green world, is a recipe for violence. These people are totally insane.  They have no idea even how the economy works, no less how to regulate it from scratch. They will fail because what they have taken on is against human nature, just as Marxism failed.

The secession of 1860 will not happen again, but a different kind is already taking place


A DIFFERENT TYPE OF SECESSION IS ALREADY HAPPENING IN THE USA

Re-Posted from the Canada Free Press By Jeff Crouere —— Bio and ArchivesJanuary 30, 2021

Lately there has been so much frustration with the last election and the direction of our country that some Trump supporters have been talking about “secession.”  Many conservatives and libertarians are asking if it makes sense for certain states to leave the union the way South Carolina left in 1860, after the election of Abraham Lincoln as President of the United States.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.



Americans who live in rural and some suburban areas are executing a secession of their own

Never forget that many individual state legislators are professional politicians.  They may disagree with some of the policies that flow from Washington D.C., but they are not angry enough to vote for secession, and that is what is required to secede, anger. While an official secession will not happen, there will be a different type. In fact, it has already started in our country.

Instead of state legislatures, dominated by urban dwellers, voting for secession, Americans who live in rural and some suburban areas are executing a secession of their own.  They are disassociating themselves from the lifestyles, cultural mores, laws, and self-inflicted wounds exhibited in our large cities.

Of course, rural Americans are already living in areas removed from large cities, but geography is only one of the many differences. An even more striking distinction involves political ideology and attitudes on an array of issues like criminal justice.

Citizens living outside of ultra-progressive urban areas do not accept what is going on in large cities. Surely, the thinking is “I am not one of them.  They are different from me.  We do not agree on basic things, like what laws should govern human conduct.”

This mental disassociation did not exist in previous times of crisis in our country. There was much more national unity in December of 1941 or even September of 2001.  At that time rural Americans and city dwellers still had many shared values and followed the same laws.  Clearly, the similarity in culture and politics between rural and urban Americans is dying, and the pace of its death march is quickening.

Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

This same type of disassociation is also felt by many Americans living in suburban areas. They recognize their way of life is incompatible with that exhibited in large cities. This results in suburban dwellers venturing into cities less often. Once there, they feel unsafe and unwelcome. According to the FBI, crime rates in our urban areas are significantly higher than suburban and rural areas.

More crime is not the only difference Americans notice in large cities. There are also different laws regarding decency, civility, and cleanliness. Unfortunately, manners and traditional customs are rarely, if ever, practiced.

Many horrific things can happen to you in a large city, without warning.  You can be struck from behind in a “Knockout Attack,” or wounded by a stray bullet. You can be surrounded by violent demonstrators who scream at you and tell you are evil because of your wealth, race, religious views, or political beliefs. This is not a place that feels comfortable or feels like home. 

Over the past few decades, millions of Americans who support traditional American values, and even some who value safety, have already left our large cities. They are disgusted with the political corruption, high taxes, racial politics, homelessness and, over the past year, the excessive Covid-19 lockdown orders.

People leaving are also those who value their second amendment rights. They do not want to be charged with a crime if they have to defend their home. Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

On June 28, 2020, their neighborhood was overrun by protesters and a mob was descending on the McCloskey’s home. The couple waved firearms in front of their home to encourage the protesters to leave. No gun was ever fired at any of the trespassers. Incredibly, Mr. and Mrs. McCloskey were charged with the unlawful use of a weapon even though they feared for their lives. If convicted, they could face up to four years in prison and a fine of $10,000.

Urban areas have been failing financially for many years

As this trend continues and cities like St. Louis, Detroit, San Francisco, Seattle, Portland, Washington D.C., and New York City decline even more, these areas will simultaneously become more similar.  They already have much in common politically. Future cooperation will likely continue on issues such as drug legalization, the treatment of homelessness, gun control, permissive law enforcement, and providing a sanctuary and support for illegal aliens. With so much commonality, these cities will forge even closer bonds in the days ahead. 

With unworkable policies and massive bureaucracies, these cities will need greater and greater subsidies from productive, tax-paying citizens living in rural and suburban America. Urban areas have been failing financially for many years, but as the policies become more progressive, the costs are escalating even higher.

In large cities, politicians spend vast sums of money on enormous municipal government systems which include inefficient departments featuring payrolls that are too large and are too expensive. Other characteristics include broken infrastructure, rampant homelessness, and an overly generous municipal pension system. 

How much longer will productive taxpayers living in rural and suburban communities agree to subsidize large cities?  Sooner or later, these citizens will say “Enough is enough, we want out!” They will want the urban centers to form their own “United Cities of America,” with their own laws and lifestyles. Simultaneously, Americans living in non-urban areas will want to forge closer bonds of their own as similarities are recognized even more.

The secession of 1860 will not happen again, but a different kind is already taking place.

Here it is – The Bill to Destroy Gun Ownership


Armstrong Economics Blog/Regulation Re-Posted Jan 30, 2021 by Martin Armstrong

Firearms BILLS-117hr127ih

Here we have it. They are going after EVERYONE who has a gun or ammunition. They are deeply concerned about a revolution and they want to know every person who has a gun or ammunition. The object of this bill will be to identify every person who has a gun. They will be able to revoke a license and confiscate the gun under rules to be created by the Attorney General. Biden swore he would end the NRA. He was not joking. Like a diverse license, once they create this federal license, they effectively limit the Second Amendment claiming if you obey all their regulations which they can change at any time, then you have that right. But all such rights are eliminated whenever they say so.

922(dd)(1) It shall be unlawful for any person to possess ammunition that is 0.50 caliber or greater.

Whoever knowingly violates section
922(dd)(1) shall be fined not less than $50,000 and not
more than $100,000, imprisoned not less than 10 years
and not more than 20 years, or both

‘‘(B) Whoever knowingly violates section 922(dd)(2)
shall be fined not less than $10,000 and not more than
$25,000, imprisoned not less than 1 year and not more
than 5 years, or both.’’

Canada & The Canceling of its Currency


Armstrong Economics Blog/Canada Re-Posted Jan 29, 2021 by Martin Armstrong

QUESTION #1: If Canada is not a dictatorship, how can Trudeau cancel the dollar? How can he do so in secret?

RW

QUESTION #2: Why can’t Biden follow Trudeau and cancel the dollar?

EH

ANSWER: The answer lies in the difference in history.  Because the paper currency called bills-of-credit back then became worthless, the Framers of the Constitution expressly took into account currency. I have written before that when I was a market-maker in gold and one of the three largest in the country, the IRS walked in and declared me to be a bank and then I was supposed to report everyone who bought or sold gold in $10,000 amounts or more. They cited the Constitution saying that gold and silver were money thereby making me a bank because Nixon only closed the gold window, he never DEMONITIZED gold. So I was suddenly a bank in no need of such a license for the purposes of the IRS. Hence, I retired.

This raises an interesting question. Can Congress create a digital dollar constitutionally?The question of money was thus settled directly in the Constitution because each state had previously issued its own coinage and paper bills-of-credit (paper money).

Article 1 – The Legislative Branch
Section 10 – Powers Prohibited of States
<<Back | Table of Contents | Next>>

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it’s inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.

No State shall, without the Consent of Congress, lay any duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.

Under the Articles of Confederation, both the federal and state governments were guilty of issuing limitless bills of credit to finance the Revolutionary War. This led to hyperinflation. In response to this Revolutionary history, Article I, Section 10 of the Constitution expressly prohibits the states from issuing bills-of-credit. With respect to Congress’s power, however, the issue is not as clear. At the Constitutional Convention, it was proposed to give the federal government the power to “emit bills on the credit of the United States,” but the Framers defeated this language as being too prone to abuse.

Consequently, the Constitution’s monetary clauses expressly grant Congress the power to coin money and to borrow money by issuing “notes” meaning interest-bearing government bonds. Nonetheless, Congress did not have the power to issue bills-of-credit. Given the Framers’ general hostility to paper money, it seems likely that the Framers’ intended to prohibit the federal government from issuing any bills-of-credit (paper money) whatsoever as was the case concerning the states.

Without question, the Constitution created a government of enumerated powers meaning that without an express grant of an expressed power, Congress thereby lacks the power to act. Therefore, it was clearly understood at the time of drafting the Constitution that striking the language to grant such a power amounted to a prohibition on Congress’s power to issue paper money.

I will do a report on the whole constitutional problem presented. Canada has a different history. The US expressly went through hyperinflation so the Framers dealt expressly with the power to issue money. That does not exist in Canada. Nonetheless, Trudeau canceled all the currency and it is no longer a LEGAL TENDER as of January 1sy, 2021. However, this is only phase #1. The currency is NOT worthless. You can still deposit it and present it to the Bank of Canada for credit to your account.

We will be issuing the 2021 report on Canada. It will be available on Monday.

Questions from Around the World


Armstrong Economics Blog/Q&A Re-Posted Jan 29, 2021 by Martin Armstrong

This image has an empty alt attribute; its file name is euro-digital-electric.jpg

QUESTION #1: Hello Mr Armstrong,
Thank you so much for the heads up regarding the elimination of paper cash. Regarding the US things are clear and so we’ll have to wait and will soon see what happens.
Could you elaborate on the elimination of paper regarding the EU and UK? What is the timeframe? What is the alternative going to be? Is it a good idea and is there any possibility to short the euro to compensate for the losses?
Officially there has been no mention of this elimination at all here in the EU (Netherlands), nor what the alternative might be. I’m sure that initially, the general public will be very surprised to say the least.
Thank you for your endless efforts and helping hand.
SR

ANSWER #1: Biden is moving at light-speed with regard to climate. He is fully implementing everything that Gates & Schwab have been directing. He has been doing so all by executive decrees which I have been against constitutionally because this circumvents everything that Congress is supposed to be there to do. Nothing is ever allowed to be voted on.

That said, Biden will have difficulting when it comes to canceling the dollar. Trudeau in Canada has done so as of January 1st, 2021 but nobody knows that yet. He did that is secret. The problem in Europe is that the ECB moved to negative rates in 2014. They cannot raise rates without blowing up their own balance sheet for they not only have to continue buying member debt, but they also have to keep what they already bought and roll it when it expires. So that is a real problem.

Europe will most likely push ahead with canceling its currency in 2021 because they are desperately trying to force people to end hoarding of cash, but our models are now tracking a serious capital flight from Europe seeking yield and much of that is headed to China to collect 3% on their bonds.

In the UK, Johnson is acting like a dictator. He will most likely follow Europe but perhaps not instantly. But the move toward digital will most likely come there in 2021. Looking at our timing models for volatility, that may be May or July/August. Biden will have a much harder time canceling cash because 70% is outside the USA and Americans have never had their currency canceled.

COMMENT #1: Whatever you write they do. You are just part of their game. Someone needs to shut you up.

REPLY #1: No worries. I’m sure those in power will listen to you.

QUESTION #2: Hey everybody, [JB] here.
I always think I’m writing to Marty personally, but I expect maybe a staff member screens this stuff.
Nonetheless, Marty, as always I love you Brother!!! I love your staff as well.
Hey, I’ve been reading the private blog about food shortages and inflation.
You all know me, I was the kid, in the late 1970s, whose father made him go wait in the gasoline lines (anybody remember gasoline rationing?).
Just in a few days since Ol’ Joe started his dictating, gas has jumped up over 20 cents per gallon.
Will we see gasoline shortages/gas rationing/long lines to get gas?
I’m buying an electric scooter this weekend just in case (ha ha).
God Bless everybody.

JRB

ANSWER #2: Yes I find it interesting how the fundamentals unfold to fulfill the model. This is supposed to be a wave into 2024 with inflation based upon shortages. The main goal of these crazy Climate Change people is to drive the price of energy so high people will not be able to afford it.

COMMENT #2: Thank you for responding to my question in Dutch. Everything has been so corrupt with the government trying to find anyone willing to publish is getting very hard.

REPLY #2: I know. I try to translate messages coming in from many different languages. But I am only one person. Perhaps it is time to let others start to write as well. I cannot cover it all.

COMMENT #3 A tourist got 6 months in JAIL for disobeying “covid” rules!! And others are facing up to a year in jail now.

One would have to be insane to travel/fly anywhere in this new global tyranny!

“A tourist was jailed for six months earlier this week for breaching Barbados’ strict Covid-19 protocols, even though he’d only popped out for a drink. Dean George Scott, 49, from Jamaica admitted leaving quarantine to ‘buy Fanta’ and other snacks after arriving on the holiday island at the beginning of December, when he appeared in court. Chief Magistrate Ian Weekes said the sentence served as a was a ‘clear warning’ to others.”

PG

REPLY #3: I know. My staff is stranded around the world and I cannot even get them in for our Conference in December. I am not sure we will be able to have conferences in the future. They might have to be all virtual. Let’s see.

How Splits Take Shape


Armstrong Economics Blog/Ancient History Re-Posted Jan 29, 2021 by Martin Armstrong

QUESTION: Dear Mr. Armstrong –I just fled California for Idaho, since it is one of the most conservative and fiscally sound states. In your blog, you just stated that if the USA splits, it will again be split into north and south. However, since you are pointing out the burgeoning strength and success of Florida and Texas, I am wondering whether the conservative side will be the south this time instead of the north. Did I move the wrong way?

SC

ANSWER: No. Usually, a split takes place along the same historical lines as in the past. So you see north v south in the USA, Britain, Germany, and Italy just to mention a few. In the USA, the West existed but remained out of the Civil War. So the split maybe California, Oregon, and Washington align with the East and the middle of the country aligns with the deep South.