Tag Archives: Russia in Syria

Apr 13 2016

The World Economy is Closing In Thanks to Merkel


Armstrong Economics Blog

Re-Posted Apr 12, 2016 by Martin Armstrong

Mother-Merkel

Merkel-Welcome

Sometimes the brain-dead decision of one person can set off a contagion that sweeps the world. Merkel’s open invitation to the Muslim, pretend refugees has been tearing Europe apart. The majority are not even from Syria. European states will raise their borders and require a passport because so many of these Muslim “refugees” are unaccounted for, especially after the Brussels attack.

Ted Cruz had to respond to the rising support for Trump over this immigration issue, as it is also becoming the main focus in Britain. Cruz said Trump cannot block Muslims, so he proposed the politically correct version: all Europeans must get a visa to enter the USA. Now Europe is responding as nations always do and the European Union (EU) is currently considering requiring U.S. citizens and Canadians to apply for visas before visiting the country of their choice, even if it’s for a short vacation. Currently, visitors to the U.S. from Poland, Croatia, Cyprus, Bulgaria, and Romania all need a visa. Romanians and Bulgarians also need visas for Canada. The European Commission claims it is trying to achieve a full visa waiver for all member states, but in reality, this is a standard response to Cruz’s statement that he would introduce legislation to impose a visa requirement on all Europeans. The fear is that the Muslims who are interested in terrorism can get into the USA easily via Europe because of what Merkel has done. So we face the problem of closing borders within the EU because the refugees will spread, and that, unfortunately, becomes only logical. It does not appear to be reversible.

Apr 11 2016

New Bill to Collect Taxes Outlawing Encryption


Armstrong Economics Blog

Re Posted Apr 11, 2016 by Martin Armstrong

Encryprion Bill

Those in power are simply liars. Why we elect such people is beyond me. We simply cannot afford career politicians because they will ALWAYS divide between themselves and the people. NO REPUBLIC has ever resisted converting into an oligarchy. It just does not work. I reported that Obama slipped and actually said the truth by mistake. In the case against Apple, he said if they government could not break into a phone then EVERY American had a Swiss Bank Account in their phone. This is not about terrorism. It is the hunt for money and their mismanagement of the economy.

Here is the proposed bill to outlaw encryption (encryption-bill-discussion-draft). While this is still in draft version, it demonstrates that it is them against us. Passage of this bill will DESTROY the world economy because of their greed. Outlawing encryption will end the ability to pay online. Whatever the government can gain access to, so will hackers.

Apr 11 2016

How Politicians Justify Denying the People the Right to Vote


Armstrong Economic Blog

Re-Posted Apr 11, 2016 by Martin Armstrong

Harms Rebecca

In the wake of the Dutch vote against allowing Ukraine into the EU, SPIEGEL is reporting the arrogance of EU ministers who criticize even allowing the people to vote. This is why I say they regard the people as simply the Great Unwashed who are simply beneath their level of intelligence to bother listening to. The leader of the Greens in the European Parliament, Rebecca Harms, explained why she and most in the EU Parliament are opposed any form of direct democracy allowing the people to vote. She says this would only come at the expense of Europe and will “jeopardize” the EU, which is their federalization dream. Her remarks make it very clear why Britain should exit or surrender their sovereignty.

Harms goes on to say that only 18% of the Dutch population turned out so they should be basically just ignored. The point is enough turned out in a non-binding referendum because they were passionate about the issue. Effectively, this is how government becomes disconnected from the people which historically leads to revolution. This also reflects their stubbornness to even remotely consider that just perhaps their idea of a federalized Europe does not work. Their policy of allowing in millions of Muslims is also at the heart of the Dutch referendum. That of course is not considered.

These comments are the justification for staying the course. There is nothing to prevent the crash and burn for that is the only time such people can be reversed by throwing them out of office. Politicians will NEVER even consider that their course of action is wrong. They will follow that course on any subject to the absolute end no matter what. Those is government operate the same way. Politicians, judges, and prosecutors, all maintain the position that they are NEVER wrong. Nobody will admit a mistake for the fear that would justify losing power. Hence, the crash and burn becomes the only possible outcome.

Apr 11 2016

Call for Cameron to Resign over Panama Papers!


Armstrong Economic Blog

Re-Posted Apr 11, 2016 by Martin Armstrong

Cameron

The revelation that David Cameron’s father had offshore accounts through Panama has continued to plague Cameron and it could have a tipping nudge come the BREXIT vote in June. Cameron has responded to the building criticism: “I know that I should have handled this better, I could have handled this better. I know there are lessons to learn and I will learn them.” Yet many are starting to blame the Conservatives for protecting the rich while ratcheting up taxes on everyone else.

Cameron Demonstrations

Meanwhile, the protests in Britain are growing with many asking why is he still there after the resignation in Iceland. This may very well influence the BREXIT vote in June. Time will tell.

Apr 9 2016

Snap Elections In Sweden Bring Islamic Jihad Party Government To Power


Sadly the events described here are about to happen in the not to distant future; and by then it will be way to late.

Diversity Chronicle's avatarDiversity Chronicle

Muslims

By Ray Charleston

Last week the world saw an exciting new development as Sweden was declared an Islamic nation under Sharia law. For those who may have missed the news, over the last several years more and more Muslim refugees have been peacefully migrating to Sweden in search of a better life. Last month Islamic Jihad Party leaders demanded snap elections, after polling indicated that a majority of Swedish Muslims favoured a new government based on Islamic law, and disapproved of Sweden’s former secular, and largely white government.

Islamophobic extremists and conservative reactionaries are predictably throwing an intolerant tantrum. They ask how Sweden can become an Islamic nation. Well, the answer is simple; most Swedes want Sweden to be Islamic. The decision was made democratically! The majority of Swedes are Muslims! The majority of Swedes are from the Middle East, and they want a government that represents them! If you…

View original post 983 more words

Apr 8 2016

Panama Papers Used for Political Purposes


Armstrong Economics Blog

Re-Posted Apr 8, 2016 by Martin Armstrong

Mossack Fonseca logo

Two members of France’s far-right leader Marine Le Pen’s entourage are being used to try to stop Le Pen from overturning Hollande. This is similar to what they are trying to do to Putin. According to the Panama Papers, two members of Le Pen’s entourage allegedly moved hundreds of thousands of euros by way of offshore companies in recent years. These two individuals are a businessman and an accountant with close links to Le Pen’s National Front Party. They designed a “sophisticated offshore system” to transfer up to €275,000 out of France between 2013 and 2014, according to France’s daily “Le Monde.”

This clearly demonstrates that there is a political agenda here, which may be to defeat any resistance or democratic change to the establishment who is pushing for electronic money and worldwide taxation. This is more than just looking for the rich; there is a dark shadow lurking behind this incident. Targeting certain people based upon friends is really stretching things and reveals the hidden political agenda. You can bet they are looking through a magnifying glass to find any remote connection to Trump.

Apr 7 2016

The ECB is Losing Control of the Monetary System in Europe


Armstrong Economics Blog

Re-Posted Apr 7, 2016 by Martin Armstrong

Riots 4-7-2016

In Naples, riots against Renzi resulted in clashes between police and demonstrators. On Wednesday, Italy’s government had to address the plight of Italian banks which now seems to be significant as both houses of parliament blessed in a crisis meeting, voted to create a state fund for bad loans from. Resistance to Renzi’s idea was very limited. In Naples there were serious riots against it. In reality, Italy’s government has survived a vote of confidence in this decree involving a bank rescue. The Senate rushed together late on Wednesday afternoon. In the House of Lords, the vote was 171 for the plans, 105 against. This is now all about state guarantees for banks that could collapse under the weight of bad loans and that day is coming rapidly as all the QE efforts of the ECB do nothing to reverse the crisis in banking or the economy. Nonetheless, the House of Representatives had already passed the decree while Prime Minister Matteo Renzi had only a very thin majority in the Senate. The crisis appears to force the measure through demonstrating how bad the banks really are in Italy.

The new plan envisages that banks can bundle their bad loans into new financial products, and then sell them. But who will buy them? On Tuesday it was announced that the government plans to fund the money houses buy the bad loans. The decree also provides for the formation of a holding company to merge the 371 small credit unions. Therefore, it is placing the bad loans outside the banking system. The EU rules for bail-ins are breaking down. Each country is beginning to ignore Brussels and proceed in their own manner demonstrating that the ECB is really losing control.

Apr 7 2016

Obama wants Worldwide Taxes


Armstrong Economics Blog

Re-Posted Apr 7, 2016 by Martin Armstrong

Obama Organized Crime

Obama is calling for tax reform worldwide the same as his socialist IMF candidate Christine Lagarde. Obama said “There is no doubt that the problem of global tax avoidance generally is a huge problem.” This whole issue always focuses on people not paying whatever the government demands. It never addresses government squandering money. Obama went on to say “We shouldn’t make it legal to engage in transactions just to avoid taxes.” He further added that “the basic principle of making sure everyone pays their fair share”. These statements are so dishonest and Orwellian it is frightening for the less educated cheer. If one of your parents was American and you were born in Canada and paid taxes their your whole life, the IRS is after them because all Americans owe taxes to Washington even if you never lived here or used any services to justify paying your “fair share” or something you do not use. This statement is so twisted because it is government who sees whatever you earn as their’s and it is they who want a share of your earnings regardless if it is fair. They rob us of money we pay into Social Security and never allow the average person to earn money for retirement. The “rich” get rich from investment, not wages. They rob the citizen of that money and then promise to given they payments in the future never investing anything.

When will the ignorant wake up?

Apr 7 2016

Cruz Defeats Trump in Wisconsin Is This 1828-1832 All Over Again?


Armstrong Economics Blog

Re-Posted Apr 7, 2016 by Martin Armstrong

CRUZ-2

Inside sources have relayed that from the outset, Cruz is very much disliked behind the curtain. His entire strategy from the beginning has been to be the last man standing against Trump assuming the Party will install him despite the fact most really dislike him.

All the exit polls have shown that more than half of voters in this Republican primary were merely “dissatisfied” with government, compared to one-third who were simply outright “angry.” The voters in Wisconsin seem to be more in never-never-land and said for the most part they want someone with experience. That is how the USA will implode for there is nobody in the establishment that gives a shit about the people; this is all about them. So that experience will be a vote for more of the same.

Nevertheless, we have to understand that we have two major risks in politics. First, the establishment may not select Trump or Cruz and if they can simply defeat Trump on the first ballot, then all bets are off and they can even nominate someone who did not bother to run like Romney.

If we assume that Trump will not get the Republican nomination, then if he was smart, he could get on the ballot as a Libertarian since they have already done the heavy lifting. Or, Trump can get on the ballot in a few states and win those but not the general election. This could prevent either Republican or Democrat from winning enough votes for the Electorial College who really votes for President, not the people.

If we end up with nobody winning enough Electorial College votes, then we enter the ultimate demonstration that we do not live in a Democracy by any measure. A failure for any candidate to win the required votes at the Electorial College means the current establishment on Capital Hill gets to select the next President.

JacksonBankWar

The election of 1828 is the example of how the establishment can do as they like. Andrew Jackson won 642,806 popular votes of 55.93%. John Quincy Adams won 501,967 popular votes 43.68%. Neither won the Electorial College so Congress picked the president and Jackson lost. When Jackson finally became president in the 1832 election, he did two major things which were against the establishment. First, he actually paid down the national debt. President Andrew Jackson reported that the United States would be debt-free as of January 1, 1835. This marked the first and only time that the United States, or any other major nation in history, had ever been free from debt. Jackson declared:

“Let us commemorate the payment of the public debt as an event that gives us increased power as a nation and reflects luster on our Federal Union.”

In the course of this objective, Jackson generally opposed bills that allocated taxpayer money for “internal improvements” what we call “pork barrel spending” today. In the 1863 popular story, “The Children of the Public”, Edward Everett Hale used the term pork barrel as a homely metaphor for any form of public spending to the citizenry. However, after the American Civil War, the term’s usage turned derogatory.

Andrew Jackson despised the Second Bank of the United States not because it held too much power over the economy, but actually because his political enemies controlled it. Jackson set out to destroy the Bank for it had even provided loans to his political rivals. The Bank’s President, Nicholas Biddle (1786-1844), routinely used lending practices for political gain, including using Bank funds to publish newspaper attacks on opponents as some money center trading NY banks engage in to this day. Biddle openly favored the National Republicans (later to become the Whig Party), many of whom benefited financially from Biddle’s favor. Prominent National Republicans were Congressmen Daniel Webster (who was on the Bank’s payroll as a legal counsel) and of course Jackson’s arch enemy, Henry Clay, who was again his opponent in the 1832 presidential election but lost.

It is ironic that the New York bankers today own Cruz and Hillary. Both engage in funding their elections not much different from the actions of Biddle. Those who want to see the Federal Reserve eliminated citing what Jackson had done, fail to understand what really took place. The destruction of the Second Bank of the United States resulted in the Panic of 1837, the Sovereign Debt defaults of states in the 1840s, and a severe economic decline which set the stage for the Civil War. The parallel to today is not the Federal Reserve with political power, but the New York bankers.

Our models are starting to highlight Panic Cycles hitting in August. This will start just after the Republican convention. If we are going to go to the extreme in this collapse of confidence in government, then we may see a repeat of the 1828 election. However, we are also in a battle today against the establishment and Trump is closer to Andrew Jackson than anyone else running for office. So the future looks like a political war ahead that is going to turn everything upside down for the establishment are focused on just defeating Trump and they think everyone will go back to watching soap-operas and sports and they can rob us and our children blind as always.

Apr 6 2016

ICIJ’s Political Agenda May Backfire


Armstrong Economics Blog

Re-Posted Apr 5, 2016 by Martin Armstrong

Mossack Fonseca logo

Wile the International Consortium of Investigative Journalists  (ICIJ) has clearly targeted Putin, in doing so when it is his aids rather than him personally calls into question what is their real political agenda. Icelandic Prime Minister Sigmundur David Gunnlaugsson resigned just 2 days after the papers were released. Reports say that 12 current or former heads of state are mentioned. Who are they protecting will be very interesting since targeting Putin makes this more of a political plot.

Nevertheless, this is coming precisely in line with the other side of 2015.75, which we warned would prove to be the peak in government. This is playing directly into the cycles where our model has been warning we are facing the collapse in confidence in government; i.e. politicians. This is truly the driving force behind Trump. But this massive leak may have far more political implications than merely targeting rich people who have a secret stash.

To what extent will this leak alter politics in an era of rising middle-class discontent and declining living standards as socialism collapses. This leak is more likely to fuel further anger among those who blame politicians and see the corruption boiling to the surface. The journalists are really closet socialists and have hoped that this will inspire the public to hand more control to government as a backlash against what they hoped to prove was the middle class is carrying a disproportionate share of the burden in supporting a system that seems to them unfair because the rich have more. They do not look at government and the corruption. Instead, they just want to blame the rich for having more than they do in traditional Marxist view of the world. They do not bother to ask why does government always have to raise taxes proving they cannot manage the economy. If someone managed your funds and lost whatever you gave them each month and then blamed the bankers so give them more to manage again, how many time will you keep giving them more money when they never produce a profit? The hedge funds and Wall Street own Hillary, yet they will never expose such connections and truly investigate her past. This illustrates that they too have a political agenda.

This revelation may actually backfire and produce far more political damage than just hunting the rich, which has been the ICIJ’s agenda. They may have contributed to the collapse of socialism and never understand the consequences of their actions.