Postedoriginally on Mar 6, 2025 by Martin Armstrong
Geopolitics surrounding Ukraine and NATO’s push for war are set to disrupt the fiscal consolidation efforts in Europe. At the same time, growth challenges call for much more significant investment than existing fiscal rules prescribe. That is a time bomb under the entire European project. Key risks are defense and concerns over competition. These will derail efforts to cut deficits and lift borrowing costs because the Neocons never care about the people or the economy. They have exploited the United States for decades, creating endless wars. The yield on the 10-year German Bund would most likely rise to test the 5% level by 2027 without outright war, but with war, the minimum target becomes 8%.
Our Monthly Timing Arrays from the Computer show a DOUBLE DIRECTIONALCHANGE this month with rising volatility. The risk of Zelensky’s arrogance as he takes orders from the Neocons toward war remains very high. Sources are already saying that climate change has destroyed Europe’s car industry. The are planning to revamp the car plants into weapons. They are considering that Italy’s struggling car industry will convert to weapons manufacture with subcontractors across Lombardy and the Veneto. They will then supply the German armaments plants where Volkswagen, in particular, will produce weapons.
This is becoming painfully obvious that the EU has devasted the European economy (1) with COVID lockdowns, (2) climate change, and (3) sanctions on Russia. They see war as a boom to their economies to offset job losses in the car industry that they have unleashed with their stupidity. Even the premier of Bavaria, Markus Soder, is calling for a full-scale revival of German military power along with a joint nuclear deterrent in concert with France and the UK. It is widely known that it was not the New Deal that ended the Great Depression but the war. The Europeans wanted the US to keep paying the bills, but if Trump did not, they realized they were going to have to shift policies. From what I am hearing, that is already underway.
Posted originally on Mar 6, 2025 by Martin Armstrong
BlackRock, the largest fund management firm in the world, has plans to acquire to key ports at each end of the Panama Canal in addition to 43 ports in 23 countries. Trump touted this proposal as a win for America as BlackRock is an American company. However, BlackRock is a know World Economic Forum partner whose interest do not primarily align with the people of America.
The $22.8 billion deal involves a 90% purchase of Panama Ports Company, the company that owns and operates the ports of Cristobal and Balboa in Panama. BlackRock has been involved in massive deals but this is the company’s largest infrastructure deal to date.
The move by BlackRock to purchase the Panama Canal is yet another step in the consolidation of global power into the hands of unelected financial elites. This is not about capitalism; this is about neofeudalism, where multinational corporations wield control over vital infrastructure, bypassing sovereign governments and democratic accountability.
The Panama Canal is a critical geopolitical asset. If BlackRock takes control, it would essentially mean that a private financial entity, rather than the US government itself, would control one of the world’s most important trade routes. A Us company acquiring the canal does align with US interests as BlackRock often operates as an unofficial arm of the Fed and US government.
However, BlackRock is closely aligned with the World Economic Forum whose goal is globalization. BlackRock’s massive influence over the financial markets could assist the globalists in centralizing financial control. What happens if the company’s Environmental, Social, and Governance (ESG) policies, although recently downplayed, spill over into the world’s busiest trade route? BlackRock will have tremendous power over world trade.
Is America truly “reclaiming” the Panama Canal? BlackRock may be an American company but it does not operate in a position favorable to the people of America. This deal will provide one company with massive influence over world trade—perhaps too much power that could be used to weaponize capital flows. Oversight is unclear at this time. This is far less of a win than the current administration perceives.
Posted originally on Mar 6, 2025 by Martin Armstrong
The Internal Revenue Service is slated to shed half of its 90,000 agents. Recall that former President Joe Biden wanted to double the number of tax hunters by adding over 87,000 agents through a piece of legislation slipped into the Inflation Reduction Act. The Biden Administration weaponized the IRS against the American people and had even begun to train groups of agents on basic military warfare in the event of raids. This could be a major win for American citizens.
Those complaining about DOGE fail to realize that we permit the government to audit us annually. For once we are turning the tables and auditing the very agencies who hold the people to such high standards. Trump has already placed a hiring freeze for the agency and laid off 7,000 probationary workers. The workers who may lose their jobs will be offered a buyout package, no different from what past administrations have offered when trimming the public sector. Agents will not have the opportunity to accept a buyout until May after the upcoming tax filing deadline.
Other agents have an opportunity to work for the Department of Homeland Security to aid in immigration enforcement, as DHS Secretary Kristi Noem has already asked Treasury Secretary Scott Bessent to “borrow” agents to assist with the border crisis.
The misconception that IRS would only target the wealthy needs to be dispelled as a study revealed that 63% of new audits targeted Americans earning under $200,000. Trump is not looking out for his billionaire friends here, as many liberal commentators have speculating. He is protecting the average American from legal government extortion.
The highest earners know how to avoid taxes. Trump famously told Hillary during a debate prior to the 2016 US Presidential Election that he obviously used the loopholes in the tax system, as do all financially savvy businessmen. “Her donors took massive tax write offs… and other things that Hillary as a Senator allowed,” Trump stated during the debate. “So do Warren Buffett, so does George Soros, and so do other people Hillary is supported by,” he added.
Tax returns are merely an interest-free government loan from the working class to the US government. They are deprived of the opportunity to invest that money throughout the year or use it for other expenses. Small businesses are dissected and squeezed for every penny. The most complicated part about the filing process is that no one knows exactly how much they are to pay. Pay too much or too little and you’re in big trouble.
The entire hunt for taxation has been a war on the middle class, who is unable to file massive write-offs and cannot afford to continue paying Uncle Sam on every incoming and outgoing transaction, plus savings, income, and everything else from birth to death.
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