Sep 11 2019

Were do the progressive’s (Jack Petsche and his crew) get their directions from

The heart of the 21st Century progressive movement is an offshoot of the old progressive movement started in the early 20th Century over one hundred years ago. The change from the original goals to the more recent goals today started with the Kyoto accords and UN agenda 21 in the late 1980’s. The program was promoted as what would be required to bring the third world into the modern word of sustainability. However the real motivations of Agenda 21 were not the third world they were Europe and North America and how to seize absolute power. The implementation of Agenda 21 was started by President Clinton soon after he took office and the picture of America as envisioned in 2050 is shown below. This map shows where the progressives want to move all the people in the country to — a series of ten or more extremely densely populated mega cities. Imagine 400 million people stuffed into those areas. To govern this monstrosity will require a single party large government modeled after that which exists in China today.

The links below are to three websites that show or explain what the objectives are, and they are all funded by the US Government. The first one is vibrant-2040 and the headquarters is located at the intersection of E 13th St. and Superior avenue. Its program, which is being implemented today, is to merge the suburbs into the central cities and then merge the central cities in on one large mega city. When it was formed a while back I did attend some meetings to see what was up. The organization is well funded and gets its help from the other two organizations, links following that for vibrant-2040. For now they are focusing on zoning restriction, sidewalks and bike paths. This is where Petsche and his crew get their direction from.

Vibrant-NEO 2040

The Regional Planing Association

America 2050

If they were to get elected the focus of the city of Brecksville will change from the betterment of the local community (the current method) to a globalist focus comprising of restricting cars and forcing people to walk or use bikes. By that I mean not for exercise or pleasure but for every day use like walking to Marc’s in Brecksville from Echo Hills. To facilitate that the Petsche crew will put in sidewalks and bike paths from Echo Hills to the center of Brecksville. Then they will, in concert with the other communities that their friends have already taken over start to restrict the ownership or use of cars. Given the distance from Echo Hills to Marc’s they may put in local bus lines to help you get there, which would be very nice of them after they take your cars.

This is not going to happen tomorrow but it will happen by 2040 or 2050 if we allow these kinds of radicals to get into power. So if you like Brecksville like it is, be sure to vote the right way and keep the existing very qualified team in place and lead by Mayor Hruby.

Sep 11 2019

Biblical Series XIII: Jacob’s Ladder

Jordan B Peterson

2.26M subscribers

Sep 11 2019

Japan Still Declining into 2021

Armstrong Economics Blog/Japan

Re-Posted Sep 11, 2019 by Martin Armstrong

QUESTION: When I saw your blog saying 2019 will be really crazy and chaotic year for Japan (Feb 2019), I was curious how bad it could be. It is always amazing to see how you and your Socrates turning point manifest in the real world. I was astonished when Japan restricted exports of critical materials used in South Korea’s high-tech semiconductor industry right after G20 Osaka Summit. A trade war is generally initiated by a deficit country. This decision was not only opposite but might lead to devastate their own industry and disrupt the world IT markets. It seems to be a political stance for the upcoming Japan Upper House election but connects further deep into friction between Korea and Japan history. Insane year for Japan indeed, thank you for your great work and efforts providing new perspectives to the world.

Q: With all that sovereign debt how do you see the future of Japan will be?

HJ Kim

ANSWER: Our forecast was covering economics, which then causes political responses. As I previously reported, the Bank of Japan (BOJ) Governor Haruhiko Kuroda publicly stated that it may maintain ultra-low rates for a further period of well over a year. However, he also warned against the idea of propping up the economy through unlimited money or printing to finance government spending.

The Bank of Japan is trapped. Its holdings of the national debt have reached nearly 50%. The BOJ modified its forward guidance or pledge on how it will guide future monetary policy. It stated that current very low interest rates will continue at least until the spring of 2020. Without the BOJ buying government debt, there is ZERO hope that interest rates will rise dramatically and a financial crisis will be in the making. The BOJ will keep rates low for an extended period of time for they have no choice. There is no way out of this nightmare and the real inflationary cycle comes when the majority wake up and realize that the emperor has no clothes, and that means the central bankers worldwide.

There remains a capital flight from Japan and the more they keep these policies up, our model does not show that their economy will recover. We are looking at the absolute low perhaps forming as early and the middle of 2020 but more likely into mid-2021. This will prompt the Monetary Crisis to spark political change.

Sep 11 2019

Would the Bill of Rights Pass in 2019? Democrat Congressman Doubts It

Bill Whittle

143K subscribers

Democrat Congressman James Clyburn, SC, says he doubts the Bill of Rights would pass in 2019, because he meets many people who want to uproot it. Are our Constitutional guarantees in such jeopardy that “we the people” might tear them up? Would the first ten Amendments to the Constitution survive a clean up or down vote at the 2020 Democratic National Convention? Bill Whittle Now with Scott Ott comes to you free five times each week thanks to the contributions of our Members. They not only produce some four dozen shows each month, but write their own dynamic blog, filled with reasoned thought, civil dialogue, foundational principles, and frankly, lots of fun. Join them now at https://BillWhittle.com/register/

Sep 10 2019

Is Chicago Doomed?

Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Sep 10, 2019 by Martin Armstrong

COMMENT: Chicago is at it again. The new mayor, Lorie Lightfoot, is proposing a sales tax for high end professional services such as accounting, legal and investment banking. Can you imagine how fast the business district will be vacant!
VL

REPLY: Chicago is rather doomed. The teachers wanted to put a tax on all trading in Chicago to pay for their pensions. These people have no concept of competition. Here is a postcard from 1909 showing that New York City was once the biggest port in America. There is NOTHING left because of the unions and corruption. Shipping simply left.

These people have no clue how the economy works. You cannot extort people. They will simply leave

Sep 10 2019

EU Parliament & How they Protect the Bankers

Blog/Corruption

Posted Sep 10, 2019 by Martin Armstrong

A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending.

The US banks survived and have prospered BECAUSE of TARP. The US government bought the toxic financial waste they created so the bankers got away with it again. In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout because that would mean the money would flow from one country to the another to bail out their banks. Hence, European banks still have the tonic financial waste on their books from 2007.

The central banks are ARTIFICIALLY manipulating interest rates down to try to save the banks, but this Quantitative Easing has not only failed, it has set the stage for the next financial disaster — the collapse of government pensions and private pension funds. These funds are regulated and it is mandated that they have government debt for that is “risk free,” so they claim.

The bankers sell the government debt so the politicians cannot let the bankers fail for they also fund their elections. This entire mess is not going to be held off much longer. We will be looking at this in great detail at the WEC in Orlando (Oct. 25-26).

Sep 9 2019

Elizabeth Warren’s Insane Proposals

Armstrong Eonomics Blog/Politics

Re-Posted Sep 9, 2019 by Martin Armstrong

QUESTION: Mr. Armstrong, Elizabeth Warren’s proposal seems to lack any comprehension of the economic impact. She has said: “To put our economy — and our families — on firmer ground, it is essential to reduce household debt both by raising people’s wages and by bringing down their costs. That is the heart of her economic agenda. We can raise incomes by increasing the minimum wage to $15 an hour, strengthening unions, ensuring that women of color get the wages they deserve, and empowering workers to elect at least 40% of board members at big American corporations.” Correct me if I am wrong, but hasn’t this QE been all about getting people to borrow and spend more? Then she wants unions to run the corporations. When that was the case before everything declined as you pointed out New York was once a major port but unions destroyed that. What is your opinion of these proposals?

ANSWER: They are counterproductive. All we hear is raise wages. Why not cut taxes and increase disposable income? The minimum wage has to be reviewed for what it is. Raise it and you will destroy the entry-level jobs that kids fill to get started in life. How about we divide it and make it a “student” or “entry-level” job versus a mature minimum wage? Raise it to $15 and there go the entry-level jobs. There should be two minimum wages – entry level v position. Raise it to $15 and you no longer need a person to take your order. A machine can do it. Entry level jobs are being wiped out because of BENEFITS required so replace a simple job with a machine. The problem is not the wage by itself. The problem is all the regulation with respect to benefits and healthcare. Even the US Post Office hires part-time to avoid benefits.

You are correct that QE and negative interest rates were to force people to borrow and spend. Warren is of course on board with these proposals. What she should look at is restoring usury laws that interest rates on credit cards should be no more than 2x the wholesale bank rate. The poor are hit with high rates. There are homeless people living in old motels paying $50-$75 a day because they have no credit and cannot afford a down-payment for an apartment. They are being exploited by the current system and if we raise the minimum wage we will encourage technology to replace workers. How about we eliminate payroll taxes below $31,200 ($15 an hour) and no benefit requirements. They are either on their parents healthcare thanks to Obamacare up to 26, or they should be on medicaid and that will provide the “healthcare for all” promises.

As far as workers directing boards by 40%, well that is just stupid. If they want a say — buy the stock. This is all about OWNERSHIP, not union labor. Why would people buy stock if the workers make the decisions which will be in their own self-interest? If you say workers get a favored position in buying stock and therefore have a vested interest in the company doing well, then the workers and investors will be on the same side of the table.

This is what politics has come down to. Vote for me and I will create insane laws for you against everyone else.

Sep 9 2019

Report: PM Boris Johnson Has Simple Plan to Legally Stop Brexit Extension….

Re-Posted from The Conservative Tree house on September 8, 2019 by sundance

If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.

According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st. Then ignore it. That was easy.

(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Ycreported late on Sunday.

Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.

A plan under consideration would see Johnson sending a letter alongside the request to extend Article 50 setting out that the government does not want any delay after Oct. 31, according to the report. (read more)

“Boris, he’s a cheeky one”….

The prior remarks by President Trump (last week) now take on a new context:

Q Have you been following the situation in London with Boris Johnson and the Brexit vote?

THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.

And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay. (link)