Tag Archives: Ukraine

Jul 26 2024

June Home Sales Drop in Line with ECM


Posted Jul 25, 2024 By Martin Armstrong 

RealEstate

I noted that real estate in the United States would turn into a buyer’s market in May 2024 going into August 2028 in a reversal from the buyer’s market we’ve experienced since 2020. The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have confirmed that we should have a recessionary trend into 2028 with this turn in the model on this wave.

The National Association of Realtors finally agreed that we are now amid a buyer’s market after June posted the lowest number of sales for 2024 despite a notable rise in inventory. Home sales fell 5.4% in June from May, when the market flipped, to 3.89 million units. This figure is also 5.4% lower than home sales in June 2023.

Gone are the days where buyers would forego inspections and entering bidding wars where the listing price was by no means the final sale price. Inventory from June 2023 to June 2024 has risen 23.4% to 1.32 million available units. Inventory is still a challenge, as are housing prices. The median home cost $426,900 last month, marking a new record-high as well as a 4.1% annual increase.

US_Residential_Real_Estate_Index_Analysis 12 13 23

Homes on the lower end of the spectrum have been keeping averages down. Single-family units between $200K and $350K rose 50% in the past year, according to Realtor.com. There are more homes available now than there have been since May 2020, when sellers reigned supreme. Mortgage rates are far higher than during the 2020 era, and Americans are seeing their available funds dwindling. It is harder for potential buyers to enter the market.

Smart money views mortgages as an alternative to unsecured government debt. Cash remains king with 28% of buyers who have the means opting to forego mortgages entirely, and often can decline high insurance premiums as well. We are also witnessing a mass migration from blue states into red states and should expect prices to decline where there is a dampened demand. It is difficult to view real estate from a national perspective in the United States as demand is up in red states as people continue to leave increasingly oppressive policies regarding taxation, crime, education, and business. If you were thinking of buying a new house right now, lock in the interest rate, for with war on the horizon, long-term rates will rise.

Jul 26 2024

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.

Jul 26 2024

At Last the Truth?


Posted originally on Jul 24, 2024 By Martin Armstrong 

NY Police

FBI Director Wray has made it clear, and now we know why the snipers could not soot the assassin before he shot Trump. It is so obvious; why did we not understand this? The sniper was aiming at an area that is outside the Security Zone, but he was not allowed to fire until the shooter fired. Obviously, Tom Crooks might have just been duck hunting on the roof.

2023 Duck Hubting Stamp

What if they had killed an innocent duck hunter? He may have paid the $25 for the permit. A possible innocent duck hunter. OMG. It all makes sense now, just like the cartoon about police protection in New York City. How stupid are we all? Obviously, he could have just been using the scope to look at Trump from a distance.

Now, the Secret Service has admitted they can’t protect anyone. They want Trump to cancel all rallies that are outside. Amazing.

Nixon declined Secret Service Protection after Telling the CIA Director – “I know who killed JFK.”

Hm. Interesting Indeed.

Nixon drops Secret Service NYT
Jul 25 2024

President Trump Shares a Letter from Palestinian Leader Mahmoud Abbas


Posted originally on the CTH on July 24, 2024 | Sundance

President Trump shared a letter and return message yesterday:

“Looking forward to seeing Bibi Netanyahu on Friday, and even more forward to achieving Peace in the Middle East! DJT”

[Source]

There are many interests in the U.S. government, Israeli government, U.S. Intelligence Community and media, who will not like this.

“The fundamental dividing line in American society today is power — between those who have it and those who do not. Between those who control the financial system, justice system and information system and those who are at their mercy.

Between those who can create hoaxes of whole cloth and make them the centerpiece of our political lives and those who can be framed and defamed without recourse. Between those who can persecute the innocent and those who are innocent.

Between those who can flip narratives on a dime and between those who are the targets of those false narratives.

Between those who can lie to us for four years and tell us Biden is mentally sound and then, within a week, declare him unfit, defenestrate him, nullify the primary, and coronate a new nominee and proclaim it all as democracy and those who can be censored and blacklisted merely for questioning power.

Between those who can author an invasion and beat back all attempts to stop illegal alien voting and those who can face arrest for even raising questions about the security of our elections.

Between those who can decide which crime story is international news and which murdered American’s name will never be heard.

Between those who can spend a large fortune on wars overseas and those who cannot even afford to pay for rent or groceries.

Between those who can offshore their factories and grow their wealth and those who are left jobless and penniless.

The security, financial and political state is not fundamentally ideological. Its objective, down through time, remains the preservation of its own power. But these interests must form political alliances. And, in America, permanent power has aligned itself, conjoined itself, in a complete symbiosis with progressive ideology and the Democrat Party.

Why? Because first, both are united in their desire for top-down control over our lives, especially by the appointed and unelected. And second, because the Democrat Party is willing to accept the terms of the grand bargain: to do exactly as they are told.

They control Biden. But when his impairment laid bare their propaganda wall, he had to go. Now they control Harris: she will never challenge entrenched power in America, she will facilitate its every demand. On foreign policy, migration policy, justice policy, financial policy, security policy.

The most important fact in this, however, is that there is one leader in all of American politics they do not control. Will never control. One man who answers to the people and only to the people: President Donald Trump.

That is why those who hold permanent power are furiously hellbent on stopping him.

That is why the corrupt political class is panicking and breaking every rule in pursuit of its own victory.

And that is why this is the most important election in the history of our country.

Vote to reclaim your freedom and your future. Now or never.”

~ Stephen Miller

Jul 24 2024

Natalie Winters: Republicans Inability To Hold Biden Regime Accountable Contributed To Assassination


Posted originally on Rumble By Bannons War Room on: July 23, 2024 at 08:00 pm EST

Jul 24 2024

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.

Jul 24 2024

Representative Eli Crane Notes a Report that Assassin Thomas Crook’s House was Scrubbed Prior to Investigation


Posted originally on the CTH on July 23, 2024 | Sundance

At today’s House Homeland Security Committee hearing, Rep. Eli Crane (R-AZ) questioned the Commissioner of the Pennsylvania State Police, Christopher Paris, about a video he took of the Butler Township location of the assassination attempt against former President Trump.

Toward the end of his questioning, Representative Crane says he has received information that Thomas Crook’s house was scrubbed, cleaned and even silverware removed, prior to the investigative units arriving. Seems odd. WATCH:

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Jul 24 2024

Senator Chuck Grassley Releases Body Cam Video Footage from LEO and Secret Service on Roof Where Trump Assassin Was Killed


Posted originally on the CTH on July 23, 2024 | Sundance 

A short background detail.  Almost no one knows this, but Chuck Grassley has the best research and legislative staff in all of Washington, DC.  Grassley’s guys are quick into the silos and understand how to stealth navigate through the system of compartmentalization that exists. [Every republican in the intel sphere will admit this] This video footage being retrieved and released specifically by Grassley’s team does not surprise me.  Great job Team Grassley.

In this footage, release by Senator Grassley via his X-Account, you will see conversation with snipers, state police, local LEO and Secret Service.  Senator Grassley communicates the following message to accompany the release:

“SENSITIVE CONTENT: July 13 Bodycam footage provides more info than Secret Service will share w America We NEED detailed answers ASAP on security failures TRANSPARENCY BRINGS ACCOUNTABILITY. Vid obtained from Beaver Co Emergency Services Unit in compliance w congressional requests.”

Shortly after Grassley’s team released the video, it was removed from Twitter – but not before it was captured for sharing by other users.

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Senator Grassley published some additional information in combination with the video.

I am providing the links to Grassley’s letters of inquiry – SEE HERE, Go to “OFFICIAL CORRESPONDANCE”

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In addition to the information provided by Chuck Grassley, Senator Ron Johnson has also been releasing information as part of his “Preliminary Investigation” – FIND LINKS HERE:

[Source]

[Source – Ron Johnson, Preliminary Report, Page 7 of 13]

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Jul 24 2024

U.S. Secret Service Director Kimberly Cheatle Resigns – Mayorkas Appoints Ronald Rowe as Replacement


Posted originally on the CTH onJuly 23, 2024 | Sundance

The right-wing of the DC UniPParty played their role very well.  With mission accomplished, U.S. Secret Service Director Kimberly Cheatle has resigned her position, following the attempted assassination of President Donald Trump.

(Via NBC) –  In her resignation letter, obtained from a senior official who received it, Cheatle wrote that the “scrutiny over the last week has been intense and will continue to remain as our operational tempo increases.” She added she takes “full responsibility for the security lapse.”

“In light of recent events, it is with a heavy heart that I have made the difficult decision to step down as your Director,” wrote Cheatle, who had led the agency since September 2022.  It’s unclear when her last day will be. (more)

Dept of Homeland Security, Secretary Alejandro Mayorkas, appoints Ronald Rowe as his replacement.  Rowe was one of Obama’s foot soldiers who helped create the domestic surveillance and targeting mechanisms for the weaponized Intelligence Community.  Go figure.

[Source]

USSS – Effective July 23, 2024, Ronald L. Rowe, Jr. serves as the Acting Director of the Secret Service. As Acting Director, he is responsible for successfully executing the agency’s integrated mission of protection and investigations by leading a diverse workforce composed of more than 7,800 Special Agents, Uniformed Division Officers, Technical Law Enforcement Officers, and Administrative, Professional, and Technical personnel.

Prior to this appointment, he served as Deputy Director of the Secret Service in April 2023. In this role, Mr. Rowe was responsible for the direct oversight of the agency’s daily investigative and protective operations. Mr. Rowe also guided the agency’s policies and was responsible for introducing state-of-the-art technologies to enhance the agency’s protective countermeasures.

Prior to his appointment as Deputy Director, Mr. Rowe served as the agency’s Assistant Director for the Office of Intergovernmental and Legislative Affairs. He was responsible for leading the Secret Service’s engagement with Congress, the Department of Homeland Security and other government partners.

Mr. Rowe’s previous executive experience within the Secret Service includes serving as the Chief of Staff to the Director (2021), Deputy Assistant Director for the Office of Protective Operations (2018-2021) and as the Deputy Assistant Director for the Office of Intergovernmental and Legislative Affairs (2017-2018).

During his 24-year career with the U.S. Secret Service, Mr. Rowe has also coordinated major security operations, collaborating with other government and law-enforcement agencies. Mr. Rowe managed a National Special Security Event (NSSE) and oversaw the operations of more than 7,000 personnel across federal, state and local jurisdictions (2016). On the cybersecurity front, Mr. Rowe was selected for a joint duty assignment to the National Intelligence Council (2013), where he spearheaded the development of multiple analytic products. Those products were later considered to be among the most authoritative assessment by the U.S. Intelligence Community regarding the challenges and national security threats facing the United States.

Mr. Rowe aided the National Security Council as a National Security and Law Enforcement Policy Advisor (2011), where he developed the President’s strategy to combat state-sponsored economic espionage and the theft of U.S. trade secrets and other intellectual properties. Other accolades in Mr. Rowe’s career at the Secret Service include being selected to the staff of the U.S. Senate’s Committee on the Judiciary (2008-2011) and being assigned to the Presidential Protective Detail (2004-2008). (more)

Jul 23 2024

US Banks Experiencing Rising Unrecoverable Debt


Posted Jul 23, 2024 By Martin Armstrong 

Bank Failures

I’ve long been sounding the alarm on the private debt crisis sweeping the Build Back Better nations. US government debt equaled 122.3% of the nation’s GDP in 2023, a cost that will be passed on to the taxpayers. As of Q1 2024, US household debt stood at $1.77 trillion; $12.44 trillion held in mortgage debt, $1.62 trillion in autos, $1.12 trillion in credit card debt, and $543 billion in other forms. The average household debt was around $147,500 at the end of 2024. Mortgage prices are, therefore, debts have been on the rise, similar to autos, and more consumers are placing basic necessities on credit. Major banks across the US are now reporting that Americans are failing to pay off this debt.

Citigroup, Goldman Sachs, and Bank of America reported a combined loss of $4,139,000,000 that customers simply have no means of repaying. The Federal Reserve Bank of New York warned us in May that US household debt data was signaling a major problem brewing. US household debt hit $17.69 trillion in Q1 of 2024, marking a $640 billion increase in debt on an annual basis.

Debt Hole Cannor Climb Out

“The consumer is slowing. A lot of the spending and the growth areas we are seeing, in the underlying numbers, is being driven by the affluent customers,” Citigroup CEO Jane Fraser noted after her bank saw $2.28 billion in losses in Q2 2024. As mentioned in a separate post, the personal debt crisis is effecting everyone – including the “rich” who are also living on credit to maintain their lifestyles. The St. Louis Fed stated that the top 10% of ZIP codes with wealth concentration “experienced the greatest proportional increase” in credit card delinquencies, which climbed from 4.8% in Q2 of 2022 to 7.4% in Q2 of 2024.

JPMorgan Chase was unable to collected $2.2 billion in debts last quarter. Well Fargo could not collect $1.3 billion during the same period. Goldman Sachs stated their net charge-offs reached $359 million.

The banks are less likely to simply write off debt and expect a bail out. They will first come after all secured forms of debt and repossess autos and homes. The banks will take legal action against the debtor and resort to bank levies or wage garnishment. Banks can also simply sell off this debt to a collection’s agency. All of this will harm a consumer’s credit rating and they will have trouble securing any future loans or funding to escape the debt vortex.

Bankruptcies are on the rise as people realize they simply cannot pay off what they owe. It is worth noting that every report states the “rich” upper-middle class are falling into debt at a disproportional rate. These are the white collar workers with investments who likely have not had an issue repaying their debt before the economy changed.