Posted originally on Dec 12, 2024 by Martin Armstrong
US-Canada relations under the Trump Administration are beginning on tumultuous footing. Trump has promised to slap Canada with 25% tariffs on ALL imports if it fails to curb illegal immigration and drug trade from the northern border. Trudeau is now threatening to retaliate with tariffs of his own. The Bank of Canada has factored in these threats in its most recent decision to raise rates by 50 bps to 3.25%.
Bank of Canada Governor Tiff Macklem said that the new US administration presents “a major new uncertainty.” The markets had already priced in rate cuts ahead of the tariff threats, especially as inflation has allegedly reached the 2% target. This is the fifth time the Bank of Canada has cut rates in only six months after shedding 175 bps total. Yet, the central bank is not taking these tariff threats lightly because they could have a major impact on trade and the overall GDP. Macklem believes the bank can now take a “more gradual approach to monetary policy IF the economy evolves broadly as expected.”
The 25% tariff would send shockwaves through the Canadian economy. Around 77% of Canada’s exports are sent to the US, totaling $548 billion in 2023. The auto ($82 billion), energy ($166 billion), and manufacturing sectors would be particularly vulnerable due to the large cross-border trade. Ontario, Quebec, Alberta, and New Brunswick send over 70% of their exports to the US. Reports state that up to 2.4 million jobs tied to these industries, or 12% of the Canadian workforce, could be at risk.
Trump mocked Trudeau last month during a Mar-a-Lago dinner party after suggesting Canada could become the 51st state if it insisted on relying so heavily on the US. This week, Trump reiterated the now ongoing joke on Truth Social. “It was a pleasure to have dinner the other night with Governor Justin Trudeau of the Great State of Canada. I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all!” Trump said in a social media post. While it may be humorous to mock Trudeau, these tariffs are a serious matter.
Ontario Premier Doug Ford said he believes Canada should retaliate with tariffs if appropriate. “But hopefully we’ll never go down that road. It’s not worth it and we’re so much stronger together. The last country the president should be worrying about is its closest ally and friend, Canada,” he said.
No one will win when using world trade as a political tool. The US economy will also feel the burden of these tariffs, and the supply chain will face disruptions. Unsettling trade with a key partner is not the way to solve the migration or illegal drug trade crises.
Posted originally on Dec 12, 2024 by Martin Armstrong
COMMENT: Thank you for your independent work. Nobody predicted the 2024 election would be a landslide other than you. But absolutely nobody has even thought about the Democratic Party collapsing. You have proven that a computer can predict the future impartially and you make it obvious that you always separate your personal opinion from the computer. It’s not hard to see why the government wanted you silenced.
It would be best if you were on Rogan and Tucker. I understand mainstream media, but they should be beating down your door.
Your work will live on.
DF
ANSWER: As a trader, forget what you are looking at. Look at the blue line. It peaked before the Civil War over state’s rights, and the Federalists became extinct. The Party of Jefferson then split into the Democrats vs. Republicans (South vs. North) over slavery. The Democrats scored their lowest with the Civil War. They were again against federalism with the Panic of 1873 and peaked with the Panic of 1893 when they were the Silver Democrats advocating the abandonment of the gold standard.
The rise of Marxism began during the Long Depression (1873-1899), which was accelerated thanks to the Democrats overvaluing silver, which led to the flight of gold from the United States. This is when we say the Sherman Anti-Trust Act, which was against companies merging because they would reduce their workforce. It was also this economic depression that wiped out Philadelphia as the financial capital of the United States and J.P. Morgan would move that to New York City with his innovation. From this highly volatile period, what emerged of socialism/Marxism rose to the surface.
A major protest became known as Coxley’s Army, which marched upon Washington following the Panic of 1893. This march led to the idea of socialism, for FDR took most of the demands first argued by Coxley that the government should create jobs for the unemployed. This led to the Progressive Movement of Teddy Roosevelt.
Coxley’s March became the subject of Lyman Baum’s Wizard of Oz – We’re off to see the Wizardthe Wonderful Wizard of Oz (Congress) following the Yellow Brick Road (gold standard & austerity). This economic event created profound political change. And just as a note, the rule of law NEVER applies during civil unrest, as we have witnessed with the January 6th event, and it certainly is abandoned during periods of war. To shut down Coxley’s March, he was arrested not for free speech but for walking on the grass of the Capitol. The rule of law means nothing when governments are in the crosshairs.
Even Frover Cleveland (1837-1908) was the Democratic President during the Panic of 1893. He spoke out against his own party’s unsound finances. The Democrats have NEVER stood for the country. They have always shifted back and forth between ideas that merely gain their power regardless of the soundness of the policy for the nation.
Despite the unsound finance that virtually bankrupted the country, the Democrats only cared about winning. This caused the Panic of 1896 when JP Morgan had to bail out the Treasury with a $100 million gold loan. Even Puck Magazine joked about how America was virtually bankrupt, drowning in overvalued silver thanks to the bribes the silver miners paid to the Democrats.
In 1904, Democrats Parker/Davis got the fewest votes of any Democrat until Al Smith in 1928. This led them to usurp the ideas of progressivism, abandoning the inflationary policies of overvaluing silver relative to gold and becoming the champions of Marxism. They secured so few votes that I do not recall their names ever being discussed in history class. They looked around and took the progressive ideas of Teddy Roosevelt, who won in 1907 but then lost.
The Democrats adopted Marxism and was now their new mantra after the lost on slavery, then ending the gold standard, so now Marxism was the answer. They became Progressives, adopting that rising star from the Progressive Party. They pushed for the Marxist Agenda of income tax and then ran on bribing voters, promising to steal from the rich and give it to their supporters.
Coxley’s protest demanded that the government create jobs. Roosevelt took that idea, and it became the Works Progress Administration (WPA), an ambitious employment and infrastructure program during the darkest days of the Great Depression following the 1931 Sovereign Debt defaults of most of the world. Over eight years, the WPA put roughly 8.5 million Americans to work building schools, hospitals, roads, and other public works. The WPA also sponsored projects in the arts—the agency employed tens of thousands of actors, musicians, writers, and other artists.
Roosevelt altered the idea of the Silver Democrats insofar as abandoning gold entirely. Instead, FDR listened to George Warren and adopted a two-tier gold standard whereby gold would only serve as an international medium of exchange – not domestically.
The year 1935 marked the end of silver dollars and the replacement of the Silver Certificate.
In 1934, $500, $1,000, $5,000, and $10,000 bills were printed. That was the last of them, and these notes brought substantial premiums over the face value. Thereafter, socialism kicked in, and why print large denomination notes when people could hide money from the government’s eyes?
The Democrats have never really stood for anything definitive. They have switched their focus only to win. This has been their downfall. This WOKE agenda has been another issue like the Silver Democrats. They refuse to actually look at the nation as a whole and choose just the middle of the road.
Consequently, the party is doomed. Many have been abandoning the Democratic Party in droves, and they are too compromised to come to grips with their lack of common sense. The fragmentation will continue, and they will purge the WOKE proponents as they did with the Silver Miners that sent the US Treasury into virtual bankruptcy.
Posted originally on the CTH on December 11, 2024 | Sundance
It’s a good thing for FBI Director Christopher Wray to announce his resignation, because President Trump was going to fire him.
A preplanned resignation allows Director Wray to continue portraying FBI officials and agents as victims, and this approach gives corporate media the time to shine the halos and organize their best magnanimous political exit so far.
Swans will likely wear black necklaces in the reflecting pools at the national mall….. and slow muffled drums will follow Wray to every event.
WASHINGTON DC – “After weeks of careful thought, I’ve decided the right thing for the Bureau is for me to serve until the end of the current Administration in January and then step down,” Wray said Wednesday, according to prepared remarks released by the FBI’s press office.
“My goal is to keep the focus on our mission — the indispensable work you’re doing on behalf of the American people every day,” Wray said.
“In my view, this is the best way to avoid dragging the Bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work,” the director said. (read more)
Posted originally on the CTH on December 11, 2024 | Sundance
One of the least understood aspects of congressional oversight is the elite group of elected politicians who are charged with congressional oversight over all intelligence activity. This highly important oversight group is called the Intelligence Community “Gang of Eight”.
A position within the Gang of Eight comes as a result of holding one of the following eight positions: 1. The Speaker of the House, 2. The Minority Leader of the House, 3. the Majority Leader of the Senate, 4. the Minority Leader of the Senate, 5. the Chairperson of the House Permanent Committee on Intelligence, 6. the minority leader from the same committee; 7. The Chairperson of the Senate Intelligence Committee and 8. the minority leader of the same committee.
With Senator Marco Rubio being pulled out of the Senate to work as Secretary of State, we have been waiting to see who would be appointed by Senate Majority Leader John Thune to be the Rubio replacement as Senate Intel Committee Chair and Go8 member. It now looks like Sea Island attendee Tom Cotton will take up position as SSCI Chair and Gang of Eight member.
WASHINGTON DC – Senate Republicans have discussed elevating Sen. John Cornyn to chair of the Senate Intelligence Committee, according to party officials, a move that would hand Cornyn a prized gavel as consolation for losing his GOP leader bid and could help induce him to run for reelection in two years.
The complication, and almost certain deal-breaker: Cornyn would have to leapfrog the Republican next in line to chair the Intelligence Committee, Sen. Tom Cotton (R-Ark.), and Cotton has privately made clear to Cornyn he would claim the position.
Likely ensuring Cotton’s ascension to the chair is the raw politics of last month’s Senate Republican leadership race between Cornyn and Sen. John Thune (R-S.D.). A select rather than standing committee, the intelligence panel’s chair is chosen by the majority leader. And Cotton supported Thune on the private ballot, according to a third Senate Republican, and now Thune is poised to reward him rather than the man he defeated.
A spokesperson for Thune declined to comment.
Asked if he expects to claim the gavel, Cotton on Tuesday said, “No comment.”
On Tuesday night, Cotton spokeswoman Caroline Tabler said: “Senator Thune has told Senator Cotton he’s taking over as chair. He is hiring staff, working with Senator [Marco] Rubio (R-Fla.) on the transition, and planning with Senator [Mark] Warner (D-Va.) for January confirmation hearings.”
A Cornyn representative declined to comment.
But I’m told the Arkansan has already started hiring staff and refused to be coaxed into letting Cornyn take the chair, which will be open because of Rubio’s appointment as Secretary of State. Cornyn approached Cotton to take his temperature about the post last month after the leader race, I’m told by a Republican senator, and Cotton responded by saying: “I’m going to be the chairman.” (READ MORE)
In March of 2016 an exclusive list of politicians, top tech executives, billionaires, donors and influence agents gathered at a secretive meeting with key leaders of the Washington DC UniParty. The meeting was to discuss their plans to destroy Donald Trump. The meeting took place at the exclusive enclave in Sea Island Georgia.
Over time almost every single member of the Sea Island Group who attended that weekend meeting, have detonated themselves in an effort to try and take down President Trump. Just as the axiom ‘never trust a never Trumper’ has been proven true repeatedly, so too is the sentiment ‘just wait, if they attended Sea Island, they will eventually expose their intent to destroy Trump.’ [READ HERE]
Posted originally on Dec 11, 2024 by Martin Armstrong
Yet another politician has come out to abandon the Democratic Party, which has begun breaking off into factions in recent years. Donald Trump himself was once a Democrat, as were RFK, Elon Musk, Tulsi Gabbard, and countless others. Rep. Susan Valdes of Florida has become the latest politician to switch affiliation from Democrat to Republican.
Valdes explained that her affiliation with the Democratic Party was simply out of habit. We see this throughout the nation as people who have historically voted blue or red will continue to vote on party lines even if the ideology has changed. “I have done so as a Democrat partly out of habit — I come from a family of Democrats — and partly because I believed the Democrats were the party most concerned with the working families I represent,” Valdes stated.
The Democratic Party is no longer the anti-establishment, anti-war party that it was decades ago. The false virtue signaling to specific groups while ostracizing others is not the same Democratic Party of love and peace that opposed the Vietnam draft. Countless citizens and politicians simply vote along party lines per tradition without realizing that the ideology has completely changed.
“I’m tired of being the party of protesting when I got into politics to be part of the party of progress. I know that I won’t agree with my fellow Republican House members on every issue, but I know that in their caucus, I will be welcomed and treated with respect,” Valdes continued.
Florida has never had more Republicans in the House of Representatives. Some may say this large switch happened during COVID when people flocked to the Sunshine State to flee oppressive COVID laws. Especially with remote work becoming commonplace, people then had the ability to move to states that aligned with their viewpoints.
The Democrats have refused to acknowledge that their entire Marxist agenda failed. Bidenomics failed. The Build Back Better movement is failing and the people are not sold on the globalist regimes. The left bought their personal political narrative that demonizing Trump would indeed send people running into their arms. Trump’s victory sent shockwaves through the Democratic Party once they realized that all their propaganda had FAILED – the people still preferred Trump over the current status quo. Americans are not happy with the leftist regime.
Then we had countless Dems come out like Fetterman and Sanders who blamed their own party for becoming completely out of touch with the people. The uniform group thought that the Democrats demanded is what will destroy their party, for like a trader who loses and blames everyone else and continues to make the same decisions, his thinking leads to his bankruptcy by refusing to look at himself in the mirror. This is the fate of the Democratic Party that will eventually cease to exist.
Posted originally on Dec 10, 2024 by Martin Armstrong
The Jobs report illustrates the silent, disturbing reality that has been the truth behind the disastrous Biden-Harris administration’s economic agenda and misplaced priorities from Russia, Russia, Russia to climate change, and the Schwab Agenda from Davos. The reactions from the mainstream media and Washington elites continue the propaganda and skewing of the data to serve their agenda that has been bought and paid for.
The unemployment rate rose from 4.1% to 4.2%, the Labor Department said, but the dirt is in the details. The media spun this as Job gains for September and October were revised up by a total 56,000. September’s tally was upgraded from 223,000 to 255,000, and October’s from 12,000 to 36,000. These changes painted a brighter picture of the job market in late summer and early fall than previously believed.
However, when we dig deeper, over the past year, full-time jobs are actually down by 1.27 million, unemployment is up, and people are being forced to take on multiple jobs to make ends meet that the press does not want to talk about. President Trump is sleep-walking into a recession that he will be blamed for, yet has been inherited from the Biden-Harris administration’s surrender to the NEOCONs, who are more interested in sending g money to Ukraine than looking at the future of our economy. The sanctions on Russia should be removed, and energy prices will fall. But the NEOCONs are desperately seeking to destroy Russia, and this coup in Syria has been their goal for decades to create a pipeline from Qatar through Syria to get gas to Europe and then to cut off Russian income to destroy its economy. With every breath these people take, it is always about the conquest of Russia and to hell with the United States economy and its people.
Coinage began in Lydia, which is located in modern-day Turkey. They waged war against Persia and lost. The economic consequences of war were established back then. Their coinage was debased as the cost of war raged on. War benefits nobody. Our NEOCONs do not care about our future. The legislation I would propose is that anyone pro-war should take up a gun and go to the vanguard position and stop sending other people’s children to die for their dreams and hatred.
Unemployment has begun to rise during the Biden Administration, and we have a Directional Change in 2026, which is an important near-term turning point. Look forward, and here too we see 2032 as a panic cycle with Directional Changes. It is the 2029/2030 period that looks to be dominated by turmoil. Unfortunately, we must extract ourselves from the NEOCON thirst for imperialism and focus back on what government is supposed to be about – the maintenance of domestic conditions.
It is the prospect of Europe in the hands of the NEOCONs, desperate to create World War III to invoke Article 5 to compel Trump to send troops to invade Russia, that remains the greatest threat to our future. These people will destroy Western Civilization in the process, and that is what 2032 is all about—the destruction of republican forms of government.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America