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Armstrong Economics Blog/Climate
Re-Posted Oct 13, 2019 by Martin Armstrong
Our computer models have proven beyond a shadow of a doubt that there is absolutely no basis for human-caused global warming and that the climate has ALWAYS changed. There is no foundation to presume that the climate is being altered by humans. There have been previous periods where CO2 levels have been more than twice that currently.
We are breaking records for cold each year. Weather is changing and the next solar cycle our model is forecasting will be a lower activity level that the past wave and there remains a risk of things getting much more colder during the winters with swings to heat and droughts in the summer.
This usurpation of climate change to force communism/socialism upon society to justify government seizing control of industry and to punish wealth is a major fraud. It is being rejected in Asia and many see this as a political agenda to keep developing nations in poverty.
We are facing a very serious threat to our liberty from these Climate Change people and most of the supporters actually think they are saving the environment and are oblivious to the real agenda behind the fake research. It certainly appears that the West will decline and Asia will rise for the next cycle to be the Financial Capital of the World because the hidden agenda of the real communists are pushing Climate Change to take over the economy.
I even question whether Al Gore, who has no expertise in science, understands that he is being used for a covert agenda and the $100 million he is earning from Global Warming may end up in their pocket at the end of the day.
Jonathan Turley asks a question today about why the media will not allow any discussion of Joe Biden’s obviously corrupt Achilles heel to be discussed.
Within his article Turley cites examples of CNN, NBC, MSNBC and a host of other mainstream news outlets that will not allow any discussion of Joe Biden’s transparently visible weakness. He ponders ‘why’?
[…] When Rep. Lee Zeldin (R-N.Y.) raised the issue on CNN, host Erin Burnett cut him off: “There is no evidence of Joe Biden doing anything wrong, and this is something that has been looked into, and I think — I want to make a point here — I think what we need to talk about right now is what did the president right now do or not do.” Other CNN hosts have repeated the line of “no evidence of wrongdoing” like a virtual incantation.
[…] For news shows on MSNBC, CNN and other cable networks, nothing is more disgusting than the mention of what Hunter Biden actually was doing in Ukraine.
[…] Joe Biden has insisted he never spoke with his son about his foreign dealings — an incredible but categorical statement. The then-vice president flew with his son on Air Force Two on an official trip to China but suggests they never discussed his son’s deal seeking $1.5 billion in investments with the state-backed Bank of China. During the trip, Hunter reportedly introduced his father to Chinese private equity executive Jonathan Li, who was part of that deal. Yet Biden insists he was never told of any business linkage or dealings. (read more)
Perhaps here’s “why”…
Long time CTH readers will have references to hundreds of examples of the UniParty at work. The basic elements about HOW money interacts with politics and who really controls the seats of power in DC has been discussed exhaustively.
The Big Club, is a myriad of financial interests who manipulate politics for personal power, wealth and influence. Wall Street multinational corporations, meaning those who rely upon the constructs of corrupted ‘globalism’, make up about 75% of the overall manipulative influence over U.S. trade, financial and political policy.
National corporations, those who gain through the growth of Main Street USA, only hold about 25% of the financial influence in politics; they are vastly outgunned. The power shift diminishing nationalism toward globalism happened over a period of 30 years +/-.
The purchased priorities of modern Democrats, that is the selling out of Main Street USA in favor of a “service driven economy”, have traditionally been aligned with the U.S. multinationals. Wall Street’s global elite support democrats because it’s the money that matters.
To the extent that democrats have ultra-left-wing social policies the Wall Street crowd doesn’t really care. That stuff doesn’t effect them; they can purchase ways around the nuttery and build walls around their houses etc. It is always the money that matters to those at the head of the political table. President Trump is the common enemy because he is weakening the multinational wealth model in favor of Main Street USA.
So, when it comes to democrat candidates, specifically the “chosen one” to represent the interests of the DNC Wall Street alignment, as we discussed back in 2017:
[…] The DNC party apparatus (donors and influence agents) will select the candidate. Then they will construct the road-map to the nomination using blockers, controlled opposition, dark horse candidates and splitters to carefully guide that chosen candidate to victory.
All-the-while the ‘others’ will be gathering the needed data to support the “chosen one”. The Democrat electorate will be oblivious to it.
The national party apparatus coordinates with the state party machines. Everything is always top down, timed, mapped out and planned by design. This doesn’t mean the downstream state party individuals need to know the specifics, because they don’t.
Back to Joe Biden.
Biden is currently “The Chosen One”. That is to say Biden is the candidate chosen by the global power elite to protect their financial interests. That is the answer to Johnathan Turley’s question. That is why the U.S. corporate media, part of the system that protects the interests of the Big Club, will not allow discussion of Biden’s obvious Achilles heel.
The Big Club selected Joe Biden. They go all-inon any of their selections, and they are going to help him regardless of how stupid they look doing it. However, if Biden can’t deliver a win (and it looks increasingly like Biden will fail)…. well, the Club will cut him off and replace with another “chosen one”. That’s why some people believe Hillary Clinton might re-emerge.
It is possible, but unlikely.
The Clintons are tenured club members; they might be able to lobby the members for another effort. However, it would take an overwhelming amount of DNC Club hubris and confidence to support a Clinton -vs- Trump 2.0.
However, there is a more likely argument to be made that Biden’s failure was planned. Coordinated by members who planned to push the Moonbattery of their useful idiots (their base) to the furthest reaches of left-wing policy; thereby creating a void that none of the current candidates could ever fill.
If that Machiavellian scheme is correct, and I wouldn’t put it past the DNC/Club to create such a design, into this DNC/Club created void another “chosen one” would be inserted at the opportune moment. This basic premise is a modification of the Democrat’s favorite rule book: (1) manufacture a crisis; and then (2) don’t let the crisis go to waste.
Regardless of all else, if the Money Managers behind the DNC Club don’t think Joe Biden can deliver, he will be replaced.
Armstrong Economics Blog/Climate
Re-Posted Oct 12, 2019 by Martin Armstrong
This is a good documentary on the subject of human-caused climate change. In a court of law, the evidence argued by the global warming crowd is absolutely a joke and in a real court of law, they would be charged with criminal fraud. This is an agenda which has been usurped by the Marxists who simply want to destroy the free market and impose their will to redistribute wealth so they do not feel inferior because other people have made money they only dream of having but either are too lazy to work or lack the talents to earn money.
This is the backdrop to people like Thomas Piketty, the French economist from communism’s birthplace, who argues it is not fair that anyone has more money than he does. Piketty wants to drive a stake through the heart of capitalism and restore Marxism thereby subjugating human rights. If it is unfair to discriminate against race, gender, or creed, then why is it reasonable to discriminate against people because of their wealth? To this crowd, a doctor should earn no more than a trash-truck driver. By earning more, you are suppressing others even if you try to help others.
We are facing a very serious crisis for the Marxists who have usurped climate as the new excuse to end the freedoms that were once guaranteed by the constitution we generally refer to as human rights. This is building into a serious issue for they then immediately attack anyone who disagrees with their agenda intimidating politicians around the world.
Armstrong Economics Blog/Rule of Law
Re-Posted Oct 12, 2019 by Martin Armstrong
In Alaska, attorneys for 16 young Alaskans have sued over state climate change policy. They are trying to shut down fossil fuels and arguing their case before Alaska Supreme Court justices. They are claiming that state policy, which promotes fossil fuels, violates the constitutional right of young Alaskans to a safe climate. They are claiming that human-caused climate change will be catastrophic unless atmospheric carbon dioxide declines.
If they have a constitutional right to a safe climate, which has never been defined and they could never prove is human-induced, then I should have a right to be free from Marxists trying to shut down airplanes, cars, and the industrial revolution. That is a denial of my right to be free from their subjugation. They simply want to seize the economy and impose central control all over again. They are communists using climate change as their excuse.
Armstrong Economics Blog/European Union
re-Posted Oct 11, 2019 by Martin Armstrong
QUESTION: Hi Marty,
I’m based here in South of England, within the commuter belt into London. The ECM forecasts an economic downturn 18.01.2020, and Europe looks to be at the epicentre. My own research tells me the job cuts in the auto sector in Germany are quite severe.
How does all this play out after January? We have already witnessed companies collapsing, Thomas Cook, and many teetering on the very of edge of collapse. How bad is this going to be, and how does this compare to 2008?
Of course, the next 3 months of 2019 are going to be very volatile, what I’m trying to understand is how does all this look like to the average city worker within finance, law or professional services.
Within my own peer group most are clueless on what is going on and perhaps they should be thinking of income protection rather than going out and buying £60k Range Rovers. The apathy never ceases to amaze me.
I welcome your insight. Thanks for your great work which keeps us mere mortals informed.
ANSWER: The answer is very bad. The structure of the Eurozone is an absolute disaster. It is promoted as a single country, but it lacks everything that stands behind a currency. Just look at the tariffs starting between the USA and the EU. It is IMPOSSIBLE to negotiate a trade deal with Europe because each country can veto any deal, proving this is not a single country, and thus there is no substance behind the single currency. This is why I say Brexit is the only way for Britain to survive. It cannot negotiate any trade deals with the USA, China, Canada, or whoever because any other state can veto it. They surrendered their sovereignty and it is undermining the European economy.
If the US had to seek the approval of all 50 states before it could do any national policy, nothing would ever get done. The French can block trade deals and the US will look at the EU as a single entity because that is the structure on the surface. So the US could impose tariffs on German cars because of something France refuses to yield on. It is a giant political mess.
The only way for Europe to survive is for the Eurozone to actually collapse. Then each country could negotiate for itself without a veto from another over something irrelevant to their economy.
If the Eurozone were to survive, each country must surrender all autonomy to Brussels on everything retaining only local culture and laws. Brussels is trying hard to make it the United States of Europe, but the first thing that must go is the refusal to consolidate the debts and end the bail-in policy. Anything shy of that is playing with fire.
While the ECM is turning in January 2020, that appears to be impacting more externally to Europe. Europe may see economic turmoil into 2021.
Armstrong Economics Blog/Scandinavia
Re-Posted Oct 11, 2019 by Martin Armstrong
QUESTION: SOS from Sweden:
Dear Mr. Armstrong,
Please take a look at Sweden. I know you can not look at every single country but Sweden would be interesting since it is the country were socialism has gone farthest in the world and totally crazy. One of the most well-organized countries in the world with the oldest Central bank and well run global companies have turned into total chaos. Socialism has turned a peaceful country into a crime capital. Rapes are now among the highest per capita in the world. Robbery likewise. We are flooded with immigrants from MENA countries that have no skills. Many can’t even read. They live on welfare and get better paid than people working. Taxes are going through the roof. Police force under extreme pressure. Jails are overfull. Same with healthcare and education.
The municipals are bankrupt. They borrow via Kommunivest to meet the gigantic burden of immigrants. The loans go to welfare paychecks, not to investments. Kommuninvest issues international bonds and then lend to all municipals. International investors do not know how bad the financial situation is for Kommuninvest. It’s the Black Swedish Swan that is going to blow up soon. Mr. Hans Jensevik is the one person in Sweden that has worked with the municipals economy all his life. He is a very respected old-timer. He has even come out with a video warning international investors from buying Kommuninvest bonds!
Government debt is not catastrophic but the municipals are. The Government made the municipals take on the debt when the state unloaded immigrants in all our 290 municipals… Many municipals are now warning they are bankrupt and need emergency finance. So the Government is going to be forced to bail out the municipals very soon.
The state own media dominates TV and radio. Imagine only CNN running TV and radio channels in the US! Competitors only allowed entertainment. State own media pushing agenda on mass-migration, open borders, climate change, pro-euro and hate for Trump. All newspapers are subsisted by Government running the same agenda. Swedish Riksbank is trapped and forced to follow ECB down the drain with subzero rates and more QE. The SEK is tanking. This is not going to end well.
Could you please shed some light and interpret Socrates outlook for Sweden, SEK and OMX30
Thanks for your great work.
ANSWER: The impact of migrants in Sweden has been the worst in Europe. Then you have this climate change nonsense that led to “flygskam” or “flight shame” in Sweden. This provides a threat of a sharp decline in flights as people are being looked down upon for flying, thanks to Greta Thunberg, because it hurts the environment.
There is no question that we also see the dollar rising here as well, The economy of Sweden is turning down very hard on the ECM turning point. A closing for 2019 above the 94600 levels will confirm the greenback’s advance. The share market has been trying to reflect the currency decline and has risen only due to currency inflation.