Britain’s Perspective on World War III


Posted orginally on Jul 25, 2024 By Martin Armstrong 

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Britain believes the next world war against an “axis of upheaval” will begin within three years. General Sir Roly Walker has issued a warning that Russian President Vladimir Putin will seek revenge against the Western powers who supported Ukraine. He believes China, North Korea, and Iran will form an alliance against the West by 2027 to 2028

The point here is when you think they [the Russians] are down, they will come roaring back to get their vengeance,” Walker said at a recent conference. “That is why you get to this point by… 2027-2028 this convergence may have reached some sort of mutual singularity and your ability to deal with them in isolation – a specific crisis that can be managed by the rules based system – I think is significantly diminished,” he said.

This is in line with our computer models that have long insisted we would see a rise in both international and domestic conflicts throughout most nations by 2027 going into 2028. Britain is already quietly at war with Russia. Our UK array on the 10-year shows higher volatility into 2025.

I explained at the London Seminar that the Brits are extremely effective secretaries and we have a massive amount of data that helps us to predict what is to come. Interest rates rallied up five years to the downtrend line, but during times of war, interest rates must go up. The pound could eventually fall to 80 cents – it’s a confidence factor. As long as people anticipate war, you’re looking at capital outflows.

Everything must be viewed from a global perspective. I also explained in London that Taiwan may cease to exist as a nation by 2028. “A problem in one area is likely to trigger a sympathetic detonation in another and therefore it is a global problem looked at from different perspectives around the world,” Sir Walker stated. The true problem is that the NATO Neocons cannot resist the desire to engage in warfare. They have already set up the stage to attack China over Taiwan. It is not a matter of China becoming sympathetic to Russia, but rather, China has long felt that the international community is interfering in their personal affairs.

The British army will be ready to fight and kill the new formation of axis powers by 2027. Sir Walker believes the British army is outdated in troops and strength and needs to rebuild. Every nation is increasing military spending. There is a cycle to war and sadly it will soon be time for the next conflict.

Hungary Being Pushed out of the EU?


Posted Jul 24, 2024 By Martin Armstrong

The European Union has revoked Hungary of its right to host the next summit. The EU supposedly has a rotating presidency of council to maintain the appearance that each state has an equal say in the direction of the bloc. The truth of the matter is that the unelected elite in Brussels control all of Europe and will silence dissenters, as Hungray’s Viktor Orban recently learned.

The next EU summit was to take place  August 28-29 was slated to be Hungary’s opportunity to share its ideas for matters like foreign policy with the rest of the bloc. EU Foreign Policy Chief Josep Borrell planned a “formal” council meeting on the exact dates of Hungary’s summit to undermine the country’s voice in the bloc. Now, Borrell is revoking Budapest’s ability to host the next meeting and moving it to Brussels.

“We have to send a signal, even if it is a symbolic signal, that being against the foreign policy of the European Union … has to have some consequences,” Borrell told reporters. His reasoning is that Brussels vehemently disapproved of Orban’s “peace mission” after he met with leaders in both Russia and China this July. Borrell believes “all member states — with one single exception — are very much critical about this behavior,” adding that he believed it was “appropriate to show this feeling and to call for the next foreign and defense council meetings in Brussels.”

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Simply put, Orban wants to end the war in Ukraine, which is completely against the narrative of those in Brussels who want to promote the idea of Russian aggression to promote an escalation in war“My job is to convince them to shift from the pro-war policy to a pro peace policy,” Orban said. “They believe that they can destroy the military [of the] Russians … but I don’t believe this at all, because I know the Russians, I know the Soviet Union, I know the Ukrainians. I’m belonging to a neighboring country. I know the whole context. It’s impossible to find a solution on the battlefield, we will lose every day thousands of innocent people,” Orban told CNBC, also adding that “human life is the most precious thing we can lose,” citing the thousands who have already died in this endless war.

Add to this the trade tensions between Ukraine and Hungary. Hungary and Slovakia are exempt from the EU ban on Russian crude oil. These landlocked neighbors are to receive oil through the Druzhba pipeline, but Ukraine has prevented these nations from receiving shipments. Lukoil may be the main supplier using this line, but Russneft, Tatneft, and Gazprom also utilize this line, leading Ukraine to intervene.

“The EU sanctions, which we have disputed on several occasions, and which in this case have again been shown to have a greater negative impact on Slovakia and the EU than on Russia itself, clearly state that Slovakia has an exemption for oil imports until the end of the year,” Slovak Juraj Blanár explained in a joint-statement he made to the European Commission with his Hungarian counterpart, Péter Szijjártó. “It is strange that a country aspiring to be integrated with the EU is seriously jeopardising the energy supplies of two member states,” Péter Szijjártó commented. Will the European Commission side with its members or Ukraine? What is the benefit of being in a “union” that does not support you in any form?

Szijjártó said that Ukraine should forget the blocked €6.5 billion in EU aid as they will not vote to help Ukraine as it threatens their energy supply. Hungary has been demonized by Brussels for blocking additional aid to Ukraine, with neocon Borrell still pushing to send Ukraine €1.4 billion by the beginning of August. There is no European Union. There is a European authority within the pretend union that controls all members.

Tax Code Change for Emergency Retirement Withdrawals


Posted Jul 22, 2024 By Martin Armstrong 

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Low-income Americans are in such dire straits due to the elevated cost of living that lawmakers are making changes to the tax code. No, naturally, the politicians are not voting to decrease taxes for those who can barely get by. Instead, they’re permitting Americans to pull a mere $1,000 out of their retirement accounts without penalty.

Those withdrawing emergency funds from a 401K will need to explain their hardship to their employer, but employers do not need to approve the withdrawal. The government will tax the $1,000 if it is not paid back within three years and no additional emergency withdrawals may be taken out until the money is paid back in full.

The economy is shifting into a world of haves and have-nots as the middle class diminishes. A January 2024 survey found that 60% of Americans had less than $500 in liquidity, with only 12% possessing over 12%. The debt vortex is unforgiving and all too many Americans have become trapped in a cycle of perpetually servicing new debt, similar to our Federal Reserve.

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A Vanguard study found that 3.6% of the 5 million retirement accounts on record made an emergency withdrawal in 2023, moving upward from 2.8% the year prior. Bank of America and Fidelity reported similar findings last year on a quarterly basis. These people may be subjected to a 10% tax due to the early distribution because chances are they will be unlikely to pay back the funds. Credit card debt has reached a historic high in the US among every income level, so this last resort option has become unavoidable for many.

This program is an insult to the American people who contribute to our system with nothing in return. These same people who do not have a mere $1,000 for an emergency are paying into the giant Ponzi scheme that is Social Security with each paycheck. They must pay for Medicare and Medicare even if they will never use the services. They’re likely subject to an income tax depending on their state regardless of income level.  If accounting for a population of 335 million, the average American has paid about $522 in taxes toward Ukraine alone. The US is paying about $1,700 per month per illegal migrant welcomed in by the open border policy.

Then Uncle Sam comes around every April and gives the lowest paid Americans a tax refund check, failing to acknowledge that they preventing those Americans from earning interest on that money that they desperately needed. It is a grand lie that the socialist-leaning politicians care about the working man when their social programs and handouts guarantee tax increases on everyone. It is a shame that those attempting to do right by society and not leaning entirely on government assistance are punished by our tax code.

Class Act – Sandy Pensler Suspends His Senate Campaign, Joins President Trump Endorsing Mike Rogers


Posted originally on the CTH on July 20, 2024 | Sundance

During the Michigan MAGA unification rally in Grand Rapids, Michigan, businessman Sandy Pensler announced he was withdrawing from the Republican Senate primary and throwing his support behind former U.S. Rep. Mike Rogers.

Mr Pensler gave a classy endorsement speech, which represents one example of purposeful unity now being deployed by the Trump campaign. WATCH:

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Mike Rogers had better deserve this.

President Trump Provides Update on Gunshot Injury


Posted originally on the CTH on July 20, 2024 | Sundance 

President Trump has released an updated statement on his current medical condition.  The statement is provided by Ronny Jackson, MD, as he plans to continue accompanying President Trump for the next week.

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President Trump and JD Vance MAGA Unity Rally – Grand Rapids, Michigan – 5:00pm Livestream


Posted originally on the CTH on July 20, 2024 | Sundance 

President Donald Trump and Vice-President nominee JD Vance hold their first MAGA unification rally together today at 5:00pm ET.  The event is being held in Grand Rapids, Michigan, and the attendance is anticipated to be very big.

This is the first MAGA rally since the attempted assassination of President Trump exactly a week ago in Pennsylvania.  This is also the first rally since President Trump announced his 2024 campaign running mate, Senator JD Vance (selected from within team Thiel/Musk).  President Trump and JD Vance will appear together. The goal of the Trump campaign is to retain the unification of the republican party as rebranded under the 2024 MAGA banner.

The rally start time is 5:00pm ET, with pre-rally speakers ongoing.  Livestream Links Below

RSBN YouTube Livestream – RSBN Rumble Livestream – Trump Campaign Rumble Livestream

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LIVE REPLAY: President Trump and JD Vance Hold Major Rally in Grand Rapids, Michigan – 7/20/24

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LIVE: President Donald Trump & VP Nominee, Senator JD Vance in Grand Rapids, Michigan

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Germany Bans Conservative Voices


Posted originally on Jul 19, 2024 By Martin Armstrong 

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German Interior Minister Nancy Faeser announced that the nation banned conservative Compact Magazine for allegedly inciting hatred. Authorities raided properties in Brandenburg, Hesse, Saxony and Saxony-Anhalt to confiscate evidence and assets.

“This magazine incites hatred against Jews, against people with a history of migration and against our parliamentary democracy in an unspeakable manner,” the minister said, calling the publication “a mouthpiece of the far-right extremist scene.” Conservative politicians are calling the move “a serious blow to the freedom of the press.”

Now, why do we never hear the term “far-left extremist” mentioned in the news? Every conservative politician receives the “far-right extremist” label to invoke hatred and fear. Every news outlet across the globe is calling this ban a first step in outright banning “far-right extremist” views. Compact was associated with the Alternative for Germany (AfD) party, the only German party against open borders, climate change, and ongoing funding of external wars.

Governments globally would like to stifle conservative voices. There is no place for dissent in this increasingly tyrannical world. Germany has sent 35,000 of its own troops to die in Ukraine for a war that does not involve the German people. They plan to open a headquarters of sorts to help direct the war in Ukraine from Germany. Women have been asked to conscribe to the war efforts. They have decimated the agricultural sector through their green agenda and want to de-platform the thousands of farmers who have attempted to protest throughout the year. Crime is at a 15-year high, and the population is rising to unsustainable levels. They demand that the media remain quiet on all of these issues.

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Governments have become the judge and the juror. They are creating an underground culture of dissent and disorder among otherwise law-abiding citizens who simply wish to see their nation restored. Socrates sees Germany descending into a recession that will bottom in nominal terms in 2028 but will extend into 2030. They will increase their efforts to silence those who disagree with the direction of the nation as the economy turns down.

Trudeau Considers Additional Housing Tax


Posted originally on Jul 11, 2024 By Martin Armstrong 

Canadian Prime Minister Justin Trudeau

Inefficient politicians consistently cite additional taxation as the solution to their nation’s economic troubles. The housing crisis in Canada is has spread to every province. Instead of addressing availability, the disproportionate demand brought on by multiplying the nation with migrants, or any of the countless fiscal policies that have contributed to inflation, the Canadian government believes it is the duty of citizens to subsidize their wealth as a temporary solution.

The Trudeau Administration has been trying to paint the housing crisis as a conflict between the social-economic classes. All those greedy citizens who saved for homes are preventing new homeowners from entering the market. Trudeau basically said this when appearing on the podcast Generation Squeeze, an organization that is pushing to add an annual surtax on homes over C$1 million. They believe houses between C$1 million to C$1.5 million, even if a primary residence, should face a 0.2% surtax that would eventually rise to 0.5%. Homes over C$2 million would face a 1% surtax.

What about older Canadians who have been residing in their family homes for decades? They may not necessarily be rich but they purchased when the landscape was different. Trudeau said those who “scrimped and saved” simply fail to understand that the younger generation can no longer do the same due to the economic environment he helped to create.

“GOVERNMENT BUREAUCRATS DON’T BUILD HOMES!” – Conservative Leader Pierre Poilievre

I mentioned in a separate post that 13.5% of young Canadians under 24 cannot find entry-level work. Unemployment is on the rise and young people cannot afford to save what little they have. All Canadians are feeling the constraints of inflation, with household debt rising to over 100% of GDP and the debt service ratio surpassing 15.22%. People are paying for the luxury of even having debt.

This thoughtless plan does not count for the fact that home prices are continuing to rise. C$1 million may sound high, but the average home in British Columbia is around C$965,447, with those in Ontario facing an average price of C$853,915. The average home cost around C$657,145 across all provinces in 2023, but that average was only C$391,820 just 10 years ago. The Canada Mortgage and Housing Corporation (CMHC) believes the average home will reach C$$746,410 by next year.

This is not a tax on the wealthy, though that would not be a solution, rather, this is a tax on hardworking Canadians who are struggling to maintain what they have left. This tax is in addition to the countless other grabs that the government is expecting from homeowners. There are federal initiatives that currently spend billions on new construction, such as the Canada Housing Infrastructure Fund, which spent C$6 billion toward new construction. What’s the point of increasing the supply when you’re increasing the overall population more rapidly? Trudeau did not offer ANY other solution during his interview because he had none to offer.

Left in France Adopts Biden’s Tactics – Criminally Charging LePen


Posted originally on Jul 11, 2024 By Martin Armstrong 

Le Penn to be Charged Criminally

POLITICO has reported that the Paris prosecutor’s office confirmed that they have launched a criminal investigation after a preliminary inquiry. The investigation has targeted Marine Le Pen’s previous presidential bid in 2022 with allegations of embezzlement, forgery, fraud, and a candidate on an election campaign accepting a loan. It is curious that such criminal prosecution of candidates are always by the LEFT against the RIGHT.

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Brazil’s federal police recommended that former President Jair Bolsonaro be criminally charged in a scheme to embezzle jewelry he received as gifts from foreign leaders while president, according to two people close to the investigation, adding another major legal challenge for Mr. Bolsonaro.

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Bill and Hillary Clinton took furniture from the White House in 2001. The Clintons actually returned more than $28,000 worth of items, which, they said, they “thought were personal gifts given to them and not to the White House.”

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CBS reported: “The server Clinton used as secretary of state contained “several dozen emails containing classified information determined by the [intelligence community] element to be at the CONFIDENTIAL, SECRET, and TOP SECRET/SAP levels,” the inspector general, Charles McCullough, wrote in the letter, which was first reported by Fox News.”

Between taking government furniture and then returning it, establishing it was government property, not theirs, and then adding the classified documents on a private server for which the RIGHT did not criminally prosecute Hillary as the LEFT has done to Trump over the same issue.

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Well Done!

This is the way to destroy civilization and create tyranny, as the LEFT will always go to extremes, for at the core of their philosophies lies the fact that they cannot tolerate freedom for people to do things that they object to.

Smash Rule of Law

We are witnessing the weaponization of the rule of law for political purposes on a global scale. That is destroying world civilization. This is intimidating people to stay away, for they will only be criminally prosecuted on allegations that once made, the press will pronounce them guilty without a trial or due process of law. The mere allegation is good enough to destroy anyone who dares to challenge the LEFT. This is what 2032 is all about. We are witnessing the complete destruction of Western Society at the most fundamental level. When you destroy the rule of law, everything crumbles to dust before your eyes. The very meaning of “civilization” is we settle disputes in a civilized manner. Tear down this foundation, and all that is left is UNCIVILIZED behavior, including revolutions

Canada’s Job Market – Where are the Jobs?


Posted originally on Jul 10, 2024 By Martin Armstrong 

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Unemployment in Canada ticked up by 0.2% in June to 6.4%, yet the economy lost 1,400 jobs. Around 1.4 million Canadians were looking for work as of June 2024, a 42,000 person increase from May. Overall employment has fallen in eight of the past nine months to 61.1% in June. So where are all the jobs?

Canada’s population surpassed 41 million, marking an all-time high. Canada’s population has surpassed 41 million, but it is not due to new births. Statistics Canada declared that the population rose 0.6% or 242,673 people since last quarter, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. . Nearly all population growth (99.3%; 240,955 people) was solely attributed to migrants arriving in Canada.

Trudeau said that immigration was crucial for in-demand labor roles, and his “temporary immigration” laws led to more permanent residents. Jobs once secured by the youth (under 24) rose to 13.5% in June, a ten-year high. Young people are unable to enter the job market as unskilled labor positions have been filled. Statistics Canada has said that the overall workforce is up 588,500 in the past 12 months, but the economy has only added 343,400 positions, and only 165,500 of those positions are full-time.

Unemployed

Inflation has caused businesses to offshore or reduce their workforces. The Bank of Canada kept rates artificially low for over four years and then shocked the markets with swift raises. BoC Governor Tiff Macklem insists the labor market has simply “cooled,” but Canada is in trouble here.

The cost of living is up, and wages must follow. Wage growth accelerated 5.6% in June from 5.2% in May. There is a sector shift happening as well. Services have declined by 14,1000 jobs, with positions in transportation and warehousing and information, culture and recreation, declining. Agriculture and food services have seen recent  upticks instead.

Long-term unemployment, people without work for over 27 weeks, has risen to 6.4%. Analysts were expecting the job market to grow by 22,500 positions last month but Canada lost 1,400 positions.

There are too many people and not enough jobs or houses to accommodate everyone. The cost of living is simply too high. Many businesses are turning to migrants to fill labor shortages simply due to costs or offshoring roles to companies in nations like India. Students and young adults are unable to even participate in the workforce as those roles have been taken by foreigners who also likely receive aid from the government. A good portion of them are sending those paychecks back home and not recirculating their earnings into the Canadian economy. The entire Canadian economy needs a major overhaul, but this “cooling” in employment is quickly snowballing into an unemployment crisis.