Tag Archives: socialism

Jan 29 2021

Questions from Around the World


Armstrong Economics Blog/Q&A Re-Posted Jan 29, 2021 by Martin Armstrong

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QUESTION #1: Hello Mr Armstrong,
Thank you so much for the heads up regarding the elimination of paper cash. Regarding the US things are clear and so we’ll have to wait and will soon see what happens.
Could you elaborate on the elimination of paper regarding the EU and UK? What is the timeframe? What is the alternative going to be? Is it a good idea and is there any possibility to short the euro to compensate for the losses?
Officially there has been no mention of this elimination at all here in the EU (Netherlands), nor what the alternative might be. I’m sure that initially, the general public will be very surprised to say the least.
Thank you for your endless efforts and helping hand.
SR

ANSWER #1: Biden is moving at light-speed with regard to climate. He is fully implementing everything that Gates & Schwab have been directing. He has been doing so all by executive decrees which I have been against constitutionally because this circumvents everything that Congress is supposed to be there to do. Nothing is ever allowed to be voted on.

That said, Biden will have difficulting when it comes to canceling the dollar. Trudeau in Canada has done so as of January 1st, 2021 but nobody knows that yet. He did that is secret. The problem in Europe is that the ECB moved to negative rates in 2014. They cannot raise rates without blowing up their own balance sheet for they not only have to continue buying member debt, but they also have to keep what they already bought and roll it when it expires. So that is a real problem.

Europe will most likely push ahead with canceling its currency in 2021 because they are desperately trying to force people to end hoarding of cash, but our models are now tracking a serious capital flight from Europe seeking yield and much of that is headed to China to collect 3% on their bonds.

In the UK, Johnson is acting like a dictator. He will most likely follow Europe but perhaps not instantly. But the move toward digital will most likely come there in 2021. Looking at our timing models for volatility, that may be May or July/August. Biden will have a much harder time canceling cash because 70% is outside the USA and Americans have never had their currency canceled.

COMMENT #1: Whatever you write they do. You are just part of their game. Someone needs to shut you up.

REPLY #1: No worries. I’m sure those in power will listen to you.

QUESTION #2: Hey everybody, [JB] here.
I always think I’m writing to Marty personally, but I expect maybe a staff member screens this stuff.
Nonetheless, Marty, as always I love you Brother!!! I love your staff as well.
Hey, I’ve been reading the private blog about food shortages and inflation.
You all know me, I was the kid, in the late 1970s, whose father made him go wait in the gasoline lines (anybody remember gasoline rationing?).
Just in a few days since Ol’ Joe started his dictating, gas has jumped up over 20 cents per gallon.
Will we see gasoline shortages/gas rationing/long lines to get gas?
I’m buying an electric scooter this weekend just in case (ha ha).
God Bless everybody.

JRB

ANSWER #2: Yes I find it interesting how the fundamentals unfold to fulfill the model. This is supposed to be a wave into 2024 with inflation based upon shortages. The main goal of these crazy Climate Change people is to drive the price of energy so high people will not be able to afford it.

COMMENT #2: Thank you for responding to my question in Dutch. Everything has been so corrupt with the government trying to find anyone willing to publish is getting very hard.

REPLY #2: I know. I try to translate messages coming in from many different languages. But I am only one person. Perhaps it is time to let others start to write as well. I cannot cover it all.

COMMENT #3 A tourist got 6 months in JAIL for disobeying “covid” rules!! And others are facing up to a year in jail now.

One would have to be insane to travel/fly anywhere in this new global tyranny!

“A tourist was jailed for six months earlier this week for breaching Barbados’ strict Covid-19 protocols, even though he’d only popped out for a drink. Dean George Scott, 49, from Jamaica admitted leaving quarantine to ‘buy Fanta’ and other snacks after arriving on the holiday island at the beginning of December, when he appeared in court. Chief Magistrate Ian Weekes said the sentence served as a was a ‘clear warning’ to others.”

PG

REPLY #3: I know. My staff is stranded around the world and I cannot even get them in for our Conference in December. I am not sure we will be able to have conferences in the future. They might have to be all virtual. Let’s see.

Jan 29 2021

How Splits Take Shape


Armstrong Economics Blog/Ancient History Re-Posted Jan 29, 2021 by Martin Armstrong

QUESTION: Dear Mr. Armstrong –I just fled California for Idaho, since it is one of the most conservative and fiscally sound states. In your blog, you just stated that if the USA splits, it will again be split into north and south. However, since you are pointing out the burgeoning strength and success of Florida and Texas, I am wondering whether the conservative side will be the south this time instead of the north. Did I move the wrong way?

SC

ANSWER: No. Usually, a split takes place along the same historical lines as in the past. So you see north v south in the USA, Britain, Germany, and Italy just to mention a few. In the USA, the West existed but remained out of the Civil War. So the split maybe California, Oregon, and Washington align with the East and the middle of the country aligns with the deep South.

Jan 29 2021

Democrats to Tear Down the Supreme Court?


Armstrong Economics Blog/Rule of Law Re-Posted Jan 29, 2021 by Martin Armstrong

There is no question that the Democrats feel like they have to change everything. Stacking the Supreme Court was attempted by Roosevelt in 1937 and he lost. I have shown that it really does not matter who appoints the justices. Chief Justice Roberts was appointed by Republicans and he upheld Obamacare. The examples are endless. They refused to take the Texas case and committed the country to absolute sheer chaos and did not uphold Trump simply because he was a Republican. I can find no evidence that any justice will always rule based upon who appointed them.

OWEN-Life Tenure for Federal Judges Raises Issues of Senility, Dementia – ProPublica

That said, Eric Holder has brought up three main issues for judicial reform. First, he brings up the issue of age and term limits. He says there should be a limit of three 6 year terms. That should also apply to politicians. Look at who is running the country. Pelosi, Feinstein, Schumer, Bernie Sanders, and even Senator Patrick Leahy, are all 80 or older.  It’s no fun standing before a judge who forgets who you are. In the end, the court of appeals finally took my case away from him fearing he would never release me no matter what. After reassigning the case saying perhaps a “fresh pair of eyes” would help and the other case he had was Frank Quatrone whose case they also took away from him, there is never any possible review of their mental state. Judges were there for life because King Edward I dismissed judges for ruling against him. That risk no longer exists. He says justices should not make the decision when to retire. Justice Ginsberg was trying to hold out for a Democratic president.

Holder wants to dramatically expand the lower courts and he wants to impose a minimum age of 50 to become a federal judge. But he implies that the last time the Supreme Court was expanded to nine was because there were nine circuits. He throws in there that today there are 13 circuits and thus the Democrats should be able to install 4 justices.

There will be judicial tinkering, but the real constitutional crisis remains the Judiciary Act of 1925 which granted the discretion of the justices to hear cases. That is unconstitutional for they swear an oath to defend the constitution but then claim a discretion to do so. You cannot have it both ways. I am NOT bothered by the Democrats appointing four justices to the Supreme Court. I have NEVER seen any evidence that they will vote party lines all the time.

Their whole focus is worried about abortion being outlawed. That is precedent and just because Trump appointed anyone does not mean they would overturn Roe v Wade because it was tied to the right to privacy. Overturn that and they can then do anything to you even under the pretense of COVID.

Jan 28 2021

Old Iron Curtain Countries Raising the Curtain Again?


Armstrong Economics Blog/Regulation Re-Posted Jan 28, 2021 by Martin Armstrong

COMMENT: Czech rep. has been in total lockdown with all commerce and services closed (except supermarkets and drugstores) since December (and before that since October, with barely a few weeks with shops opened before the next lockdown), curfew at 8pm, schools closed since September, ban on all social activities, etc. And, now the PM said it’s not enough (!) and even stricter “measures” will be announced soon (likely a total ban on leaving home, as well as closure of manufacturing/factories, etc).

Slovakia continues with the forced “testing” every 2-3 weeks. As before, those without a negative test certificate are not allowed to leave home (i.e., can’t go to work, buy anything at a shop, or even go for a walk). They’ve openly said these bi-weekly “tests” will be here to stay (along with the total lockdown, it seems)… until everyone is “vaccinated”.  Also, the new “pandemic” law now allows the govt to remove anyone from their home and put them into “isolation” facilities (prisons/camps?).

The Canadian leak was indeed true, it seems… it’s been playing out 100% as the document said it would, ever since October.

I’m utterly shocked… for the most part, Eastern Europe has gone full-blown “covid” tyranny, and with pretty much zero resistance from the populace. I’ve always been saying that Westerners’ idea that Eastern Europeans are more awake or more courageous or more opposed to totalitarianism (than people in the West) is not true, but even I am shocked and disgusted at seeing this. All of these countries (except Belarus and to a lesser extent a couple of places in the Balkans) have been in more or less total lockdown since October, with curfews, bans on leaving/entering the country (in the case of Hungary), businesses forcefully closed for many months, etc. But Slovakia is, with no doubt, the most tyrannical now (along with China, I suppose)… can’t believe everyone has just submitted to all of this (forced fake “testing”, total lockdown since October, schools closed since March 2020, the economy completely – and deliberately – destroyed, etc). And in Eastern Europe the governments are not paying anything to the businesses they’ve closed down…(the only payment in Czech rep. or Slovakia, is about 10 euros PER DAY per employee – as “compensation”; and nothing to compensate the business owner, of course). And still, people have been obeying ever since March.

PG

REPLY: It looks like the old Iron Curtain countries are starting to long for their old powers once again. Now even China is looking to impose anal swab testing. You would think this is the black plague. In 1918 with the Spanish flu, the death toll was about 50 million. However, the population was 1.6 billion. That worked out to 3.125%. The total current world population is about 7.8 billion, which means even a death count of 2 million is only 0.0002564%. The data is by no means justifiable to destroy the world economy and eliminate all our freedoms.

In fact, Johns Hopkins retracted an Article Saying COVID-19 had ‘Relatively No Effect on Deaths’ in USA. Everything is being censored to create a false image of what is exactly going on. Then the World Health Organization has changed the definition of “herd immunity,” eliminating the pre-COVID consensus that it could be achieved by allowing a virus to spread through a population, and insisting that herd immunity comes solely from vaccines.

The public is suffering from ‘Mass Delusional Psychosis’ and one must wonder are those in charge this stupid, or do they just don’t care what they are doing to society? It is clear that Bill Gates has bought his way into persuading many that the population must be reduced. There are trials of vaccines to prevent having children. Others are testing to see if these vaccines for COVID will reduce male fertility.

This has been global coordination with the slogan BUILD BACK BETTER and if you dare even say that you are now a conspiracy nut despite the fact world leaders are all saying the same thing. The head of the United Nations is pushing this agenda, but hey, we cannot point to world leaders all pushing the same agenda. The elderly are the most vulnerable to these vaccines. China excluded them from their vaccine.

Meanwhile, Bill Gates is already setting the stage for the sequel – climate change lockdowns.  As far as COVID is concerned, lockdowns have been more deadly and ineffective.

In Britain, they arrest you for two or more people meeting outside in a public park. What is next? Death by firing squad for failing to wear a mask to reduce the population?

Jan 27 2021

Wear the Jackboot!


Re-Posted from GrrrGraphics.com JAN 26, 2021 AT 4:47 PM

Dr. Fauci, the highest paid public official in the land, wants you to wear two face burkas. That’s right, if one works, why not two? One expert even suggested three masks, but he said that could cause breathing difficulties. “Could?”

It’s hard enough to breathe wearing just one of the damn things, but now Fauci wants to double up on that difficulty even though he knows masks don’t work. At first, he even told us they were ineffective. When the mask ‘mandates’ came out nearly a year ago I predicted that if we succumbed to wearing them that the practice will become permanent. It has—the oligarchs who are running their planned-demic want compliance. They know masks are a form of control—a form of brainwashing designed to break down our resistance to getting their deadly and unnecessary and under-tested vaccines. They’re unnecessary because COVID-19 survivability rate is 99.7 percent! We have our immune systems—we do not need to have experimental toxins forced into our bloodstreams. Once we start taking their jabs, the shots will never end. Just like the masks will never end.

The unsanitary masks are bad for our health. By impeding the inflow of oxygen and the outflow of C02, many physiological and psychological problems ensue. Masks are especially bad for young children (who rarely contract COVID-19 in the first place). Facial deformities can result. Masks hurt the development of their social skills as well as their immune systems. Masks can also lead to tooth decay, skin problems, bacterial pneumonia and they actually increase the chances of contracting the virus, which can collect in nasal passages. The masks do not stop the viral particles, which easily pass through the porous material.

So why does Fauci want us to double down on something he knows are terrible for our health? Because he’s part of the Gates-led oligarchy and they greedily hunger for more power and control over humanity. The masks are integral to their strategy of control by instilling within us a fear of non-compliance. They know mask wearing not only weakens us physically but also it breaks down our mental resistance as more and more mandates are inevitably issued from ‘authorities’ running their burgeoning police state. Where will it end? With Bill Gates and his fellow tyrannical mega-billionaire globalists stamping on our faces forever with their boot of totalitarianism.

—Ben Garrison

Jan 27 2021

China Becomes #1 Place for Direct Foreign Investment


Armstrong Economics Blog/China Re-Posted Jan 27, 2021 by Martin Armstrong

Because the West has decided to commit suicide economically to push this Great Reset and destroy the economy to BUILD BACK BETTER, they are fulfilling precisely what our model has been forecasting – that China will become the Financial Capital of the World post-2032. China has surpassed the United States for the first time as the #1 place for direct foreign investment. We warned last week that our capital flow models were picking up capital pouring out of Europe to China much of it investing in their bonds paying 3% compared to negative yields.

The actions taken by Biden in the first three days seems to be just intent on reversing whatever Trump had done from stopping the pipeline to ordering the end of construction of the wall as hundreds of thousands are now headed to the USA with rumors that Biden will grant citizenship to all illegal aliens inside the USA. They are headed to California in herds of mass migration. Never before in history has any president so drastically altered the direction of the country so unilaterally without any serious consideration for what the consequences will be long-term.

Biden fails to realize that there is a worldwide economy out there. The United States is not unlimited in its power. He has indeed shown that what our computer has been forecasting for years will indeed be absolutely correct. He fails to understand that China is strategically building its own consumer-based economy thereby severing the reliance upon the United States to sell its products. Germany never departed from its mercantile economic model. German citizens pay high taxes and as such, they are near the bottom of the European ladder for wealth. China is well aware that what made the USA great was its consumer-based economy. Germany never figured that out and relied always upon selling to everyone else.

China on the Rise Report where we laid out that it would surpass the United States as the financial capital of the world was published in 2018. We will be doing an update soon, but all the forecasts are on track and the West in committing economic suicide is merely accelerating the trend.

Jan 27 2021

New York to Legalize Prostitution


Armstrong Economics Blog/Regulation Re-Posted Jan 27, 2021 by Martin Armstrong

In New York, a new bill has been introduced that would decriminalize sex workers in New York. However, the bill will while still holding pimps and buyers accountable.  Pimps are one thing, but holding the buyer criminally liable is an invitation for police to masquerade as sex workers, and then if the guy agrees, they cuff him. They use this came already in drugs. They go around pretending to be a supplier or a buyer with the same outcome. This is a recipe for disaster.

Jan 27 2021

Larry Kudlow to Host New Fox Business Network Program


Posted originally on the conservative tree house on January 26, 2021 by Sundance

Former White House Chairman of the National Economic Council, Larry Kudlow, will begin a new venture joining Fox Business News on February 8th.

Kudlow joined the wolverine Trump economic team in 2018 and was complimentary to the objectives of the Trump administration with his affable demeanor.  Secretary Ross, Ambassador Lighthizer, Secretary Mnuchin and Peter Navarro were the teeth, while Larry Kudlow was the one who smoothed the edges.  The entire team complimented each-other brilliantly.

Fox News Media announced on Tuesday that Larry Kudlow, former President Donald Trump’s top economic adviser, would host a new weekday program on the Fox Business Network.

Kudlow, who served as director of the National Economic Council from April 2018 until the end of Trump’s presidency this month, will also be a contributor across all Fox News Media platforms — providing “expert financial analysis on domestic and global affairs.”

He will begin work on Feb. 8, and details about his upcoming show “will be announced at a later date,” according to Fox News Media.  (read more)

Jan 26 2021

Where Has Our Culture Gone?


Armstrong Economics Blog/Understanding Cycles Re-Posted Jan 26, 2021 by Martin Armstrong

COMMENT:  A follow up to the Frank Sinatra post titled “Appropriate for our Times.” (see story)

This Christmas story is deep and touching. Some people like Sinatra, are still in tune with life, no matter how much money they have, while others think they are above the world.

The story has Sinatra’s friend, Jilly, telling him, he is not as famous as he thinks he is, as none of the homeless he bought Christmas dinner recognize him. Much to their surprise, as Sinatra was leaving, all the homeless thanked him by his name and wished him a Merry Christmas.

SGK

REPLY: Those were the days. You never had to lock your doors. Where has our culture gone? It is much like the song about cycles.

Jan 26 2021

Xi Jinping at DAVOS


Armstrong Economics Blog/China Re-Posted Jan 26, 2021 by Martin Armstrong

Chinese President Xi Jinping at Davos in Switzerland attended by video. He continued to defend globalization also referring to multilateralism and climate change. However, he never mentioned either Trump or Biden but he did criticize the US trade war with China. He did warn that any conflict between Beijing and Washington would be bad for the entire world. You will recall that Biden said he would return to the UN Paris Accord to force China to comply. So his remarks were pointed at Biden with respect to confrontation and at Trump for the trade war.

Nevertheless, he played the game well and called for global collaboration on climate change, public health, technology, and saving the global economy, which the Wo9rld Economic Forum has been destroying behind the curtain with its lockdowns to reduce CO2 which is only weakening the economies in the West.  Xi Jinping made a pledge to become carbon-neutral by 2060, not 2030. He said that China will continue to promote sustainable development. China will fully implement the 2030 Agenda for Sustainable Development but it will do more on the ecological front by transforming and improving its industrial structure and energy mix at a faster pace and promoting a green, low-carbon way of life and production. He said: “I have announced China’s goal of striving to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.”

That is to disarm the Gates contingent who have their clock in New York counting down for 7 years to support the Agenda 2030 put out by Schwab. No doubt they will try to pressure Xi to bring that to 2030, but that will fail.

China has seen its economy recover far more than in the West which is obsessed with using the virus for climate change. China will see growth come in at about 2.3% for 2020 and it will perhaps surge to 5%-8% in 2021 rejecting the nonsense of lockdowns that are destroying businesses everywhere. Anyone who has gone to Times Square will often visit Carmine’s famous Italian restaurant. With zero tourism, plays dark, and offices empty, there is no business at all. These lockdowns for the manufactured pandemic have devastated New York. There is nothing to return to. The landlord filed a notice of default for unpaid rent against the once-popular Italian restaurant. The culture of New York is gone and the only people cheering are the environmentalists. They won. They ended tourism and commuting all at once. China never took such crazy actions so their economy has survived unlike those in the West.

Trump was wrong in blaming China for the COVID virus when Fauci was experimenting with this very virus from bats and when told to shut it down, he sent it off to Wuhan. Trump was clearly dead wrong on that but the press was so supporting Fauci that it would have been political suicide to blame him. Still, Xi Jinping said international institutions, including the World Health Organization, should be strengthened.

Concerning international geopolitical relations, Xi Jinping warned everyone not to “meddle” in China’s affairs, by which he means Beijing’s actions in Hong Kong, Xinjiang, Taiwan, or Tibet. That was a clear warning to Biden to stay out of China’s affairs. He added that “to build small circles, or…wilfully impose decoupling, supply disruption, or sanctions…will only push the world into division and even confrontation.”

China is pushing to be the world leader in AI. This is also why we may be the only forecaster allowed in China on a major scale because they also know our reports on all the Chinese stocks are entirely written by a computer.