Tag Archives: The Forecaster

May 11 2021

In Japan there have been More Suicides than Deaths from COVID


Armstrong Economics Blog/Disease Re-Posted May 11, 2021 by Martin Armstrong

More people have died from suicide in Japan than COVID. While Fauci says he is only concerned about health and not human rights, he ignores all the suicides that are taking place around the world, from people losing everything to teenagers who see their future wiped out. This is the problem. We live in a Republic which is easily bribed and always falls into an Oligarchy.

Unfortunately, the press will not defend human rights and support Gates and Fauci, who have no respect for people, and instead they look down upon us as the stupid sheep. Japan should criminally charge Fauci and Gates, and watch how the USA will refuse to extradite them violating international law.

May 11 2021

May 8th Began Civil Unrest In Jerusalem


Armstrong Economics Blog/Civil Unrest Re-Posted May 11, 2021 by Martin Armstrong

Civil Unrest began in Jerusalem and has escalated to even flames on the Temple Mount. This has a lot of people particularly concerned especially when the Biden Administration was more friendly with Iran thanks to John Kerry.

May 11 2021

On May 8th Soldiers Send Second Letter Threatening Macron


Armstrong Economics Blog/France Re-Posted May 10, 2021 by Martin Armstrong

The reports are pouring in from around the world about May 8th. In France, another group of serving French soldiers has published a new open letter warning President Macron that the “survival” of France is at stake after he made “concessions” to Islamism. The letter was posted on the Valeurs Actuelles website late on Sunday, May 9th for everyone to see. It expresses a similar warning previously published last month. There are those in the French military warning that the nation could fall into civil war.

This is the problem. When the economy turns down, that is when conflict arises. These European leaders are absolutely foolish to think they can use this virus to justify crushing their economies so they can all build back better. Of course, Macron’s government called it a lack of courage and they are unbelievably ignorant of history.

May 11 2021

May 8th & New UK Legislation This Week – Build Back Better


Armstrong Economics Blog/Europe’s Economic History Re-Posted May 10, 2021 by Martin Armstrong

COMMENT: Marty; Here in Britain May 8th will prove to be important. This is the week that Johnson announced he would introduce his new legislation to “build back better” so it looks like this is going to be an important turning point.

WN

REPLY: Perhaps that and the EU’s dream of a one-term confiscation of assets under the guise of a tax will contribute greatly to not just the demise of Europe, but to weakening the economy to show the world they are like Rome so this is the time for the barbarians to storm the gates in the years ahead.

May 10 2021

April Jobs Report Shows JoeBama Creating Successful Socialist Utopia – Jobs Gains Stunningly Below Expectations, With Downward Revisions for Feb, March


Posted originally on the conservative tree house on May 7, 2021 | Sundance | 134 Comments

Economic forecasters had predicted one million job gains in April.  The actual results are “stunningly” and “unexpectedly” far below the expectations.  The Bureau of Labor Statistics [SEE HERE] reveals only 266,000 jobs gained in April and downward revisions of March by -146,000.  There are almost 7.4 million jobs available; however, despite the available jobs, no-one is going back to work.

Yes, JoeBama’s “free government money” has created the socialist utopia.

The politically correct economic analysts are shocked that minorities (blacks and latinos) are not going back to work; while ignoring the disincentive that government handouts have created in the JoeBama economy.  The entire dynamic is ridiculous when you consider we should be entering a phase of the jobs economy where vaccination and COVID mitigation should be leading to massive reopenings of the economy overall.

Inside the numbers, the economic sectors showing the worst jobs recovery are directly related to the blue state shut-downs.  Worse yet, there is an underlying scenario showing the economy is not growing despite the ability of businesses to re-open overall.  That spells even more trouble.

(CNBC) – “Today’s report was an enormous surprise and shows the labor market hit a hidden pothole in April,” Glassdoor senior economist Daniel Zhao tells CNBC Make It. “Clearly, the labor market has decelerated quite a bit.”

The 6.1% unemployment rate and 9.8 million people unemployed remained steady in April compared with the months prior. (more)

There is no level of spin that can change the reality of this situation.  JoeBama’s economic policies are exactly the wrong thing to be doing.  Everything, and I do mean every single policy objective, delivered by this administration is AMERICA LAST!

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%. CNBC’s Jim Cramer discusses what he thinks led to the surprising report.

May 9 2021

It’s War – France & Britain Face Off at Sea


Armstrong Economics Blog/BRITAIN Re-Posted May 7, 2021 by Martin Armstrong

The French and British are at it again, as always. The British Royal Navy and French police boats patrolled offshore from the Isle of Jersey’s port of Saint Helier. French fishermen are angry about losing access to waters off the Jersey coast, thanks to Brexit, and have some 70 ships gathered for a protest calling for a blockade of Saint Helier.

Two Royal Navy ships, equipped with machine guns and helicopter landing pads, were sent to track the French demonstration. Macron sent gunships armed with a cannon. So here we have the old traditional hatred between the French and English that extends back to the 13th century. There was an English invasion of France in 1230, which was a military campaign undertaken by Henry III of England in an attempt to reclaim the English throne’s rights and inheritance to the territories of France held prior to 1224.

The House of Plantagenet was a royal house that originated from the lands of Anjou in France. Plantagenets’ two cadet branches, the houses of Lancaster and York, held the English throne from 1154, with the accession of Henry II at the end of the chaos until 1485, when Richard III died in battle. It was the Plantagenets that transformed England. The Plantagenet kings were forced to negotiate compromises, which led to the establishment of the Magna Carta. During the 15th century, the Plantagenets were defeated in the Hundred Years’ War which led to political, economic, and social problems which included English nobles raising private armies.

Eventually, a rivalry between the House of Plantagenet’s two cadet branches of York and Lancaster led to the famous Wars of the Roses, which lasted for decades. English succession culminated in the Battle of Bosworth Field in 1485 when the reign of the Plantagenets and the English Middle Ages both met their end with the death of King Richard III.

So the rivalry between France and England has remained in the blood. During the negotiations over Brexit, the French always presented the greatest opposition

May 7 2021

Beijing Beats New York City


Armstrong Economics Blog/China Re-Posted May 6, 2021 by Martin Armstrong

A number of people often send nasty emails because they do not like the forecast that China will become the next financial capital of the world. The forecasts we put out are NOT based upon my OPINION. I simply report what the computer projects. This Great Reset is playing right into our forecast, for they are deliberately destroying the economy so they can “BUILD BACK BETTER,” as they like to say.

The problem is that they are ignorant of world history. The victor in war is NOT simply the person who has the largest army. There must be some advantage and that boils down to economics. The one with the strongest economy is the victor because they have the capacity to fund the war.

This is why barbarians could never invade Rome until the Roman Empire’s monetary system began to collapse following the capital of Emperor VBalerian I in 260AD. Even Alexander the Great was able to take the Persians because they lost their greatest and were unable to defend against a well-supported army. The South lost against the North in the American Civil War because the North was industrial whereas the South was primarily agrarian.

Deliberately destroying our economy so they can “Build Back Better” while creating food shortages and trying to end raising cattle because of CO2, has set the West on the course to economic decline. This has made the West vulnerable just as was the case with the Roman Empire.

Now everyone is starting to notice and even CNBC says that China will surpass the United States by 2028. Granted, the analytical field seems to notice trends of this nature only when it smacks them in their face. We published the report “China on the Rise” back in 2018.

Now New York City, thanks to Socialists who think they can keep taxing the rich without end,   lost its title as the home of more billionaires than anywhere else. Beijing has now taken that title. Some people think my reliance on history is foolish. History repeats because human nature is always the same.

Mainz

New York is dying. It is, in trading terms, a major SHORT! NYC is following the same path as Mainz. It was the city of Mainz where the Gutenberg printing press was invented. This created an economic boom and everyone wanted to be in Mainz. The politicians saw the boom and presumed the potential tax revenue was linear and would be endless – judging tomorrow by today’s trend. They began to borrow against what they anticipated would be there forever. As they needed the interest to pay for borrowing and became addicted to debt, they raised taxes.

The taxes kept rising so they killed the economic boom and people began to leave. Mainz followed the typical path as we are doing today. They were no longer paying off debt. They entered the Ponzi scheme – issued new debt to pay off the old in a revolving bond auction. Taxes kept rising and people migrated. The printing press was no longer unique to Mainz. The rich left town, taking their capital and entrepreneurship with them. When Mainz lost the confidence of the bond buyers and could no longer sell new debt to pay for the old, the collapse unfolded. Mainz, like Detroit, defaulted. The creditors sacked the city and it was burned to the ground.

The same precise pattern unfolds every time – WITHOUT EXCEPTION. Why? Human nature never changes. Create career politicians and they will always seek to expand government for that is their power base. All that is left is a nice monument commemorating Guttenberg. Of course, they never tell the full story of Mainz.

New York City is making all the same mistakes like clockwork. They think people can be exploited without end. There comes a point where it no longer is beneficial to work as a slave. Why invest in anything if those in power simply want to take whatever you invent.

I pray for 2032 to end corruption and drive a stake through the heart of republican forms of government. We need a new path and anyone who calls for exploiting one class to benefit another should be subject to life imprisonment where they can enjoy carefree and tax-free living in a world of equality.