Tag Archives: TTIP

Mar 13 2016

Canada Sold All Its Gold Reserves – Who Will be Next?


Armstrong Economics Blog

Re-Posted Mar 13, 2016 by Martin Armstrong
Canad Sold its Gold Reserves

Question: Hello Martin,

I saw a couple of days ago that Canada seems to have sold all its gold.

http://www.fin.gc.ca/n16/16-030-eng.asp

Is it just a way to find short-term easy money?

Or is it part of a global process to sell any tangible asset that the government could have ?

I personally don’t think this to be a smart move, as in my opinion a government should mix between tangible and non tangible assets. After all, they’re using OUR money…

Thank you.

R

REPLY: You have to look at this from their perspective. They are moving to electronic money. Gold is a throwback to an ancient economy to them. We should expect other countries to follow Canada. They see no use for gold, and they are dead broke. George III was broke and began charging people with any petty crime, right down to stealing an apple. He then used that as the excuse to sell citizens to farmers in the United States as an indentured servant for their time of sentence. The historian Charles Hibbert recorded the sentence handed down by a judge on this issue in his classic work “Roots of Evil”:

Because you have committed this offence, the sentence of the court is that you shall no longer be burdened with the support of your wife and family. You shall be immediately removed from a very bad climate and a country overburdened with people to one of the finest regions of the earth where demand for human labour is every hour increasing and where it is highly probable you may ultimately regain your character and improve your future. (Roots of Evil, 145)

Benjamin Franklin objected to this practice. He had previously written on it in the “Gazette” on May 9, 1751, where he argued against the trade that was welcomed for it was cheap labor needed in the colonies. This was replaced with slavery from Africa by the Dutch following the Revolution.

Today when a government is broke, they can see the gold. Soon, it may be expanding government workforces using prison labor for making a right turn on a red light without making a complete stop or some other nonsense

Mar 12 2016

The Convergence of Political Interests United To Stop Donald Trump…


Its very sad what has been done to us and worse our kids and grand kids. I will be going to the trump Rally in Cleveland this afternoon and I hope Cleveland is better prepared than Chicago. Also I agree 100% that there is only one political party in this country today — there is very little that that actually disagree on and only fight to see who holds the reins of power and money and neither party cares anything for the people. My short take on how we got here starting with the events in Dallas on November 22, 1963 are found on my blog

 How did we get from the world of the early 60’s to where we are now?

Mar 12 2016

The Central Bankers Are Crazy & Public is Out Of Its Mind – Where’s the Beef?


Armstrong Economics Blog

Re-Posted Mar 12, 2016 by Martin Armstrong

Crazy

The central bankers are simply crazy, not evil. They are trying to steer the economy by utilizing this simpleton theory that if you make something cheaper, someone will buy it. Japanese and German cars managed to get a major foothold in the U.S. because the quality of U.S. manufacturers collapsed, thanks to unions. The socialist battle against corporations forgot something important – the ultimate decision maker is the consumer. The last American car I bought in the 1970s simply caught on fire while parked in my driveway. Another friend bought a brand-new American car and there was a terrible rattle. When they took the door panel off, there was an empty bottle of Coke inside. Cheaper does not always cut it. Gee, shall we cheer if the stock market goes down by 90%? It would be a lot cheaper. Why does the same theory not apply?

Crazy IIThen we have the trading public. If the central bankers have gone crazy with this whole negative interest rate theory, then the public is simply out of their minds. The euro rallied because Draghi cut rates further, extended the stimulus another year, increased the amount by another 33%, and then declared rates would stay there for years to come. And these insane traders cheer. Unbelievable! They are celebrating the public admission of Draghi that all his efforts to date have failed, so let’s do even more of the same. And they love this nonsense? Negative interest rates have become simply a tax on saving money and the stupid traders and media writers love it. The Fed tries to raise rates and they say – NO! This is a stunning combination of admission and stupidity that one would expect from a pretty but clueless girl and her drunk college boyfriend who can’t say no to any girl:

“I asked John if he slept with Karen and got his admittal!”

“Oh that’s cool, I think it’s probably about time you stopped drinking.”

All they see is that lower interest rates “should” stimulate but ignore the fact that they never do. They are too stupid to grasp the fact that raising taxes cannot be offset by lower interest rates. People judge everything by the bottom-line and not some crazy theory that just stupid. A simple correlation study by a high school student in math class would prove this theory does not correlate to expected outcome. And we cheer this insanity confirming our own overall stupidity and one is left wondering who is crazier? I suppose it is just that central bankers are crazy and the public, as well as the media, are just out of their minds.

It reminds me of the old TV commercial by Wendys:

Mar 12 2016

The European Refugee Crisis is Destroying Europe


Armstrong Economics Blog

Re-Posted Mar 12, 2016 by Martin Armstrong

DWN-Köln-Gewalt-1-11-2016

Ever since the Cologne sexual assaults by the refugees, things have gotten far worse in Germany. The press tends to still hide the crisis. Nevertheless, drawing only from German media reports which have made it to the public, a list documenting more than 160 instances of rape and sexual assault committed by refugees in train stations, swimming pools and other public places against victims as young as seven have been eye-opening to say the least. This is going to have a profound impact in the German elections next year but it is also tearing Europe apart and pressure builds to close borders to prevent these people from spreading out from Germany to the rest of Europe.

German Sexual Assaults

The New York-based conservative think tank Gatestone Institute has compiled a shocking list of sexual assaults and rapes by migrants in Germany in just the first two months of the year. This is stunning to put it mildly. Merkel does not appear to be able to survive this crisis.

German News-20160307 German News-20160307-2 German News-20160307-3

Then nearly everyday some knife attacks among refugees are reported in the Austrian press. We have Africans against Arabs and those from Chechnya are against Afghanistan. In Austria, the general public is becoming terrified to even walk outside in many areas.

Mar 11 2016

The all out Stop Trump Propaganda and Disruption Movement as Demonstrated in Chicago today is now in full force!


With the money of Soros and Texas million airs combined and now forming a joint collation of right and left money we can expect more of this disruption to include a repeat of what happened on August 28, 1968 in Chicago  which was a riot that was violent and large and became known as the day a “police riot” took place. I think the globalists want to recreate what happened in Chicago in 1968 in the Cleveland convention in 2016.

It appears the origin for the violence in Chicago tonight originates from the alignment of various left wing teams: Occupy Wall Street, Anarchists, the Soros funded MoveOn.Org, F**k The Police, Black Lives Matter, and organized with the campaign team of Bernie Sanders. This means that the DNC was very aware of this demonstration. A side note is that during the occupy wall street movement the group I belong to in Cleveland had direct firsthand knowledge that the occupy movement was run out on a building in Chicago that was well funded and in a high rent area that looked like a “pentagon” war room.

Chicago March 11, 2016 University of Chicago

Occupy Wall Street 2011

Chicago August 28, 1968 Grant Park

Chicago 1968

In Chicago in 1968 on August 28 at approximately 3:30 p.m., a young man lowered the American flag at a legal rally taking place at Grant Park. The demonstration was made up of 10,000 protesters. The police broke through the crowd and began beating the boy, while the crowd pelted the police with food, rocks, and chunks of concrete. The chants of the protesters shifted from “Hell no, we won’t go” to “Pigs are whores” as the violence escalated. Tom Hayden, one of the leaders of Students for a Democratic Society, encouraged protesters to move out of the park so the whole city would be tear gassed, and also to made sure that if blood were spilled in Chicago it would happen throughout the city. The amount of tear gas used to suppress the protesters was so great that it eventually made its way to the Hilton Hotel which held many prominent politicians. The police were taunted by the protesters with chants of “Kill, kill, kill” while they sprayed demonstrators and bystanders indiscriminately with tear gas. The police assault in front of the Hilton Hotel the evening of August 28 became the most famous image of the Chicago demonstrations of 1968. The entire event took place live under the T.V. lights for seventeen minutes with the crowd shouting, “The whole world is watching”.

Also of note and in support of what I’m writing here it is now known that Billionaire Robert Mercer purchased Breitbart.Com.  This is a complete usurpation of the legacy of the founder in an effort to create content favorable to the candidacy of Ted Cruz.  Mercer purchased Breitbart for $11 million and then founded Cruz’s super-PAC with another $10+ million.

Also we find that The Daily Wire is actually owned by the Wilks brothers, Levi and Farris Wilks.  These two are the other end of the Ted Cruz financial team, and massive multi-million dollar donors to Cruz’s presidential bid.  Ben Shapiro is the front-man for The Daily Wire. Levi Wilks is listed as the Manager of Forward Publishing and has ties to 7 Pillar Records LLC.  In turn 7 Pillar is run by a fellow named Farris Wilks.  Farris is famous for being a real Texas Success Story, going from Brick Layer to Oil and Gas Tycoon to Church Preacher.  These are the very same Texas Billionaires who gave an impressive $15 million to a Ted Cruz Super PAC. Why haven’t we been told about this?  This looks like if The Times invested a lot of money into GM and then ran articles about how the only car that doesn’t stick is a Chevy

So if Breitbart has been compromised then the allegation by Breitbart reporter Michelle Fields that she was assaulted by someone who was ID’d by another reporter as Trump’s campaign manager. This is very suspect and probably a set up based on what we now know.

Here’s what we do know: Fields said that someone “grabbed me tightly by the arm and yanked me down” after a press conference Tuesday. Washington Post reporter Ben Terris witnessed what happened and identified that someone as Trump manager Corey Lewandowski, reporting that the altercation left Fields with “finger-shaped bruises” on her arm. The Daily Beast also reported that “sources said Lewandowski acknowledged to Breitbart’s Washington political editor, Matthew Boyle, that he did manhandle Fields.” And on Thursday, Politico posted the audio of the alleged incident.

Several months ago Matt Drudge told about this corruption taking place; however he never gave specifics of who was behind what operation.  As the presidential race continues it is amazing to witness how many websites are actually just front groups for ownership advocacy. It would seem that almost all of the most well-known ‘new media’ entities are now owned by Wall Street individuals or Wall Street corporate groups for very specific advocacy purposes.  None of their intentions are good and it now seems that the ‘new media’ are now just as compromised as the mainstream media.

Mar 11 2016

More Manipulative Media Exposed – Website Ownership Driving Ideological Content…


Its a good trick until it becomes known and when the word gets out like it has now then those sites will lose the ability to continue doing what they do. I will no longer pay much attention to them as well as the likes of Glen Beck and maybe even Rush and Mark. However, this is a serious problem!

Mar 11 2016

Far-Left Anarchists With MoveOn.Org and Bernie Sanders Take Credit For Chicago Political Mayhem…


The problem with these anarchists, thugs and malcontents is that they don’t have the where with all to hold jobs or be productive members of any society. All they know how to do is destroy steel and hurt people — they are not capable of actual demonstrations as was done my Dr. Martin Luther King who without any violence change a country he would be appalled by what these animals do today and is probably turning over in his grave.

Mar 11 2016

The ECB – A Victim of its own Ignorance?


Armstrong economics Blog

Re-Posted Mar 11, 2016 by Martin Armstrong

Heads-Tails

Mario Draghi

“Rates will stay low, very low, for a long period of time and well past the horizon of our purchases,” Draghi declared. “From today’s perspective and taking into account the support of our measures to growth and inflation, we don’t anticipate that it will be necessary to reduce rates further.” The ECB cut its main interest rates to new record lows on Thursday as they continue to move into negative territory without a clue as how to reverse the trend. Beginning in April, the ECB will buy €80 billion euros worth of bonds each month, which is an increase from the €60 billion euros presently. Draghi will keep the stimulus program running at least until March 2017. However, while he thinks simply lower interest rates will entice people to borrow, he fails to see the other side of the coin that is spinning.

Beginning in April, the ECB will buy €80 billion euros worth of bonds each month, which is an increase from the €60 billion euros presently. Draghi will keep the stimulus program running at least until March 2017. However, while he thinks simply lower interest rates will entice people to borrow, he fails to see the other side of the coin that is spinning.

Lower rates rob savers of income, destroy pension funds, and leverage the debt to a dangerous level when the trend changes. People will not borrow or spend when they have no confidence in the future and businesses will not hire or expand. You cannot stimulate the economy with lower rates while crushing it with taxes.

It is true that the economic community was expecting a rate cut and more asset purchases of government debt. However, the ECB went further this time by saying it will start buying debt issued by companies as well as governments. While that is an improvement for corporations, whom typically have to pay back their debt unlike government, there is a dark cloud behind this statement. The debt they will buy, according to reliable sources, will be riskier debt of entities (banks) that are in trouble.

Einsteing-thinking

Nothing these people can do will ever reverse the trend. They raise taxes to cover their fiscal mismanagement and then “stimulate” by employing monetary theory. They will never resolve the problem and this entire crisis will go into meltdown since governments only borrow more and never reduce debt. They have become victims of their own ignorance.

 

Mar 10 2016

Arrested Missouri Mass Murderer Identified As Illegal Alien With Prior Deportation(s)…


These criminals are allowed in the country by federal policy becuase they want them here — is any other answer possible I do not think so since the solution is obvious even to a 1st grader and most of our politicians are at least at 6th grad level in intellect. The only real question is why do they want criminals and murders like them here …

Mar 10 2016

Rome & the Birth of the United States


Armstrong Economics Blog

Re-Posted Mar 10, 2016 by Martin Armstrong

order OF THE CINCINNATI

QUESTION: Mr. Armstrong; Are you saying they never intended to create a democracy since the founding fathers created the Electoral Collage?

ANSWER: Correct. We have a “REPUBLIC” not a Democracy despite the fact they call this a democracy. You vote for “delegates” to represent you. The rules allow them to defeat any public choice and claim that is the law. At the time of the founding, the popular research that was emerging had to do with Rome. Above is an Order of the Cincinnati founded by George Washington who was inspired by the Roman dictator Lucius Quinctius Cincinnatus (519–430 BC), the aristocrat and statesman whose served as consul in 460 BC and dictator in 458 BC and 439 BC which made him a model of integrity and virtue. Cincinnatus was regarded by the Romans as a hero. When Rome was invaded, he was called to serve Rome as dictator, which was an office for one year. He defended the nation and then resigned two weeks later after defeating the rival tribes of the Aequians, Sabines, and Volscians. His immediate resignation of power returning to his farm demonstrated his integrity and lack of personal ambition. Washington would not accept the office of President until he had resigned as military leader and returned to private life. The Founding Fathers were deeply impressed with the battle of Rome against its Tarquin king giving birth to a Republic. Unfortunately, all Republics devolve into oligarchies as we are now experiencing.

Ben Franklin on one occasion, was dining at a Paris restaurant and learned that Edward Gibbon, the British historian of the Decline and Fall of the Roman Empire, was there as well. Franklin invited Gibbon to his table, but Gibbon actually refused remarking that since he was loyal to George III, he wouldn’t speak with a rebel like Franklin. In reply, Franklin said that if Gibbon ever wanted to write a history of Britain’s decline and fall, he would provide ample materials. This illustrates the contrast of the period.

Order of Cincinnatti

George Washington’s Order of the Cincinnati medal sold by Sotheby’s $5,305,000

Nevertheless, everything the Founding Fathers did was to accept the model of a Republic from Rome, not a Democracy from Athens. Keep in mind that we were making the transition from monarchy to a republic at that time. That transition was monumental. However, hopefully our next transition will be from a Republic to a Democracy where we do not have career politicians.