Putin Pleas for Peace


Armstrong Economics Blog/War Re-Posted Jun 14, 2023 by Martin Armstrong

The vilification of Putin has been extremely successful, so much so that no one is listening to his words. The Russian leader recently spoke of conflict resolution. That is not something a warmonger hellbent on conquering nations would discuss. And yet, Putin seems to be the only world leader discussing the potential of resolving the conflict in Ukraine without escalation.

We sincerely tried to reach an agreement [with Ukraine]. It was difficult to negotiate some kind of patchwork of southeastern Ukraine with the rest of the country, but we tried in good faith,” Putin told military correspondents according to Sputnik news. He also reiterated that their intent regarding Ukraine has not changed. He is not attempting to resurrect the USSR or threaten other nations. Putin only wants the historically Russian territories in Ukraine. Why are we starting a world war over this wish that does not involve other nations?

“What is happening there [in Ukraine] now will certainly never suit us, historically speaking. When the negotiations were held, including in Istanbul, we constantly raised this issue, and they in turn told us: ‘But there is nothing neo-Nazi about us, what do you want from us?’ [Russia wants] at least some relative legislative restrictions. In general, we also agreed on this during the round of negotiations before our troops were withdrawn from Kiev and after they threw all our agreements out of the window,” Putin said. Every attempt at conflict resolution was denied by the neocons. The very agreement that could have prevented Russia from entering Ukraine in the first place was based on a lie.

“We wanted and we still want to have the best relations with all our neighbors after the collapse of the Soviet Union. And we do so, we have come to terms with… Well, that’s what’s happened. We have to live with it,” Putin plainly stated.

It is amazing how the media portrays him as a crazed man intent on destroying the world. I discuss the propaganda techniques used at length in my new book, “The Plot to Seize Russia.” Listen to his words because is intentions are clear. He has no desire to feud with the West. ” If they really want today’s conflict to end through negotiations, they only need to make one decision – to stop the supply of weapons and equipment. That’s it,” Putin declared. The problem is that they do not want to resolve the conflict by any means other than war. Russia clearly does not want war and has been asking the world to listen to their pleas for peace.

Social Conservatism on the Rise in the US


Armstrong Economic Blog/Politics Re-Posted Jun 13, 2023 by Martin Armstrong

Gallup’s annual Values and Beliefs survey indicates that social conservatism has reached a 10-year high. The intense woke narrative that defies all logic has caused the pendulum to swing in the other direction. Around 38% of all respondents said they are “very conservative” on social issues compared to 33% in 2022 and 30% in 2021. Those identifying as very socially liberal have declined in the past two years to 29%, while moderates represent 31%. The woke agenda has permitted the media, politicians, and classrooms over this time, and Americans are not in agreement.

Republicans are leaning more to the right, with 74% now identifying as very socially conservative compared to 60% in 2021. Independents presented a slight increase year-on-year from 24% to 29%. Younger adults are more likely to identify as socially conservative on issues now compared to prior years, with a six percentage point uptick among the 18 to 29-year-old group over the past two years.

Americans are also more likely to favor economically conservative policies, with 44% saying they are conservative or very conservative and 33% saying their views are moderate. Those identifying as conservative economically averaged 40% from 2020 to 2022, but that figure is now 46%, the highest since 2012. Notably, the poll was distributed during the debt ceiling debate.

While Democrats are still less likely to lean fiscally conservative, there is a shift away from far-left ideologies that have become just absurd. Socially conservative a few years ago did not include pronouns, hundreds of genders, trans children, or sex education in elementary schools. It is refreshing that the masses are not blindly caving to this woke agenda of a genderless society where everyone in the wealthiest nation in the world identifies as a victim.

The True Story of Hyperinflation


Amstrong Economics Blog/Cryptocurrency Re-Posted Jun 12, 2023 by Martin Armstrong

QUESTION: Dear Mr. Armstrong,
could you please explain what happens in technical terms from a capital flow perspective, when confidence is lost and hyperinflation starts to begin?
For example Turkey. When Erdogan was elected i think you wrote that ever since the lira started dropping. So confidence in politics is key. Do you think one day we will see hyperinflation in Turkey?
And another example, is Yugoslavia: what caused the hyperinflation (in technical terms/capital flow perspective)? Are foreign investors getting rid of the dinars? Too many dinars than suddenly rushed back into Yugoslavia causing hyperinflation?
Regards,
Magdalena Š.

ANSWER: The misnomer about hyperinflation is that it is caused by printing money. It is a RESPONSE to the collapse in the confidence of the government.  If we look at the 3rd century, this is where we find the greatest number of hoards of ancient coins. What began this was the capture of Valerian I by the Persians in 260AD.

Valerian was the first Roman Emperor to be captured and Rome was unable to recuse him. That shook the confidence of the Roman people, but it also was a signal to the barbarian tribes in the North that if the Persians could do it, they could as well. Within 10 years, Emperor Aurelian constructed the great wall around Rome. Never before did Romans have such a defensive wall. That had a powerful army.

There was a trend toward debasing the silver coinage which began with Nero to try to fund the rebuilding of Rome after the Great Fire. But that did not undermine the confidence in the Roman Monetary System any more than our perpetual deficit spending since World War II.

However, a spark is ignited and suddenly that trend turns into what I have called a Waterfall event in the purchasing power of the currency. Such an event has taken various forms. However, the end result is the collapse in the confidence of the government and as a result, that is when you get that waterfall event.

In the case of Germany, Yugoslavia, Hungary, etc, there was a 1918 Revolution where communists seized power and the emperor of Germany lost power. In that case, they actually asked Russia to take Germany after their revolution in 1917. This was the beginning of the Weimar Republic.

Germany was saddled with reparation payments demanded by France. First, you had a communist revolution and people with capital began to flee to other places in Europe or certainly move their money out of German banks. It was this drain of wealth that forced the Weimar Republic to print money to try to make their reparation payments. Then in December 1922, they seized 10% of everyone’s assets and handed them a bond.

Here you can see that after that December 1922 confiscation, hyperinflation simply took over. It was NOT the printing of money that caused the hyperinflation it was the collapse of confidence FIRST which then compels the government to expand the money supply lacking taxation revenues etc.

I suspect the spark this time may be the Digital Currency and the proposed cancellation of paper currency. This is why people are moving to anything tangible from real estate, gold, silver, ancient coins, and even equities. With DIGITAL CURRENCY they will have capital controls and prevent you from even moving money outside of your country.

The precise day of the ECM was the announcement of the IMF Digital Currency which they intend to replace the US dollar as the reserve currency. This may be timed with the turning point in 2024. It is unlikely that they would cancel paper currencies before the 2024 election. This is all being

Biden Vetos Plan to Scrap Student Debt Redistribution


Armstrong Economics Blog/Politics Re-Posted Jun 12, 2023 by Martin Armstrong

Canceling student loan debt was a lofty promise Biden made during his presidential bid. Three years later, he has made no progress. This was one of those single-issue items that caused many to vote for Biden, and he can’t risk reducing his dwindling support. “I’m not going to back down on my efforts to help tens of millions of working- and middle-class families,” Biden said. “That’s why I’m going to veto this bill.”

Per usual, Dem policies that claim to help the middle class only cause more financial pain. What about the working-class families who chose not to attend college due to costs? What about the families who worked hard to pay off their loans? Universities can continue charging massive fees with no end in sight and his administration has done nothing to curtail the costs of college. So there is no plan to fix the real issue that has caused so many Americans to be saddled with student debt that is nondischargeable in bankruptcy due to the repeal of Glass-Steagall by the Clintons. As a reminder, the debt will not vanish in thin air. Taxpayers will be responsible for this burden.

Instead of “relief,” we should call it what it really is intended to be – payment redistribution. The Senate had agreed to undo the damage in a 52-46 vote before Biden shot it down. Even some Democrats disagree with Biden’s plan to pass on the debt to taxpayers. Senator Joe Manchin said the “reckless” plan “forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost.” Democratic Senator Jon Tester and Independent Senator Krysten Sinema agree.

Extremists like Elizabeth Warren said that it’s “shameful” that Republicans want to “claw back relief from public servants.” They are undermining our intelligence. The hated rich use tax loopholes to avoid payments. The burden will fall on the middle and working class, which is entirely unconstitutional. “ The executive branch cannot spend money that has not been appropriated by Congress,” 31 USC 1301 et seq (Antideficiency Act (P.L. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

Europeans Do Not Want to Support the US in a War Against China


Armstrong Economics Blog/War Re-Posted Jun 12, 2023 by Martin Armstrong

America seems to have lost all true allies. Once the world police, the US has been expected to “save” democracies worldwide since the First World War. The US pledges more to NATO than any other member and has gifted Ukraine endless supplies to protect Europe from “Russian aggression.” Yet, a new poll states that Europeans would not want to back America in a war against China.

Six thousand people were surveyed from Austria, Bulgaria, Denmark, France, Germany, Hungary, Italy, the Netherlands, Poland, Spain, and Sweden. Only a quarter of respondents said they’d “like their country, or Europe, to take America’s side,” while 62% would like to remain neutral. Around 43% said China is a “necessary partner” to the EU, and they must “strategically cooperate” with Beijing. Bulgarians were the most likely to side an alliance with China (8%) and/or consider the nation a “necessary partner” (58%). Swedes were the most willing to support the US, with 26% calling China an adversary. About 31% of Poles also said they would side with America if they were to go to war with China.

What will happen to America’s allies when China becomes the more strategic trading partner? American politicians have destabilized our economy and are attempting to steer away from capitalism. Countries will be lining up to sell to China, and not the US.

In the end, it does not matter. The people are never permitted to vote on whether or not we go to war. Most of us, regardless of nationality, simply want peace. We all want to have enough to live comfortably, which is not an option during wars. They ask us to sacrifice, but for what? Our politicians create conflict and send the people, who never had a say in the first place, into battle to die.

If China enters Taiwan, the world will erupt into chaos. The neocons have been waiting for that very moment to justify a new war. Every NATO member nation would be required to fight China. A Gallup poll from February showed that 65% of Americans wanted to support Ukraine against Russia, but they likely do not realize what it entails. We are not merely giving Ukraine supplies; we are preparing for a worldwide battle. In the end, the people are merely cannon fodder and I hesitate to show any support to a politician who believes war is the only option for conflict resolution.

Hypocrisy of our Time


Armstrong Economics Blog/ECM Re-Posted Jun 11, 2023 by Martin Armstrong

COMMENT: Mr. Armstrong, Your economic confidence model is too good for the corrupt Noble Prize. I have been following you since 1983. Your research into the shift in confidence between the people and government is so in your face today, I can see why you said the dollar may not last beyond 2029. It is hard to see how the US can stand even until 2032.

Keep up your amazing work. We will need you to start all over again.

BA

REPLY: Good to hear from you. Yes, the old days when I use to hand draw the ECM charts.

Ukraine – Beware


Armstrong Economics Blog/Ukraine Re-Posted Jun 11, 2023 by Martin Armstrong

What If Canada do to Quebec What Zelensky is Doing to Donbas?


Armstrong Economics Blog/Ukraine Re-Posted Jun 10, 2023 by Martin Armstrong

COMMENT: Imagine Canadians bombing Quebec and outlawing the French language and French-speaking people.

My guess is Quebec will eventually use this opportunity to separate from Canada!

The propaganda is so thick!!

Thanks from the Great White North for being a voice of Reason and Truth!!

Jim M

REPLY: Both of my Ukrainian employees have fled to Berlin. Over 8.2 million refugees have fled Ukraine all across Europe. In addition, an estimated 8 million others had been displaced all because Zelensky refuses to negotiate.  I get emails from the refugees and they blame all of this on Zelensky. They fear they will never return and his dreams of bringing Blackrock are just insane. To rebuild Ukraine will take more than a decade. He has robbed these people of peace all for the Donbas which is occupied by Russians for centuries who he/Lindsey Grahm hates.

He can always wear the same army T-Shirt for his propaganda war and put on a helmet to pretend he is a soldier. At the end of this, history will remember him in the same choir as Hitler and Stalin, and Mao.

STOP ALL AID TO UKRAINE