Posted originally on Nov 2, 2024 By Martin Armstrong
Next week, those attending the World Economic Conference and Virtual Plus can access this report from your portal. It concerns the prospect of capital controls that governments routinely implement during periods of war to prevent capital flight. This also includes some other capital controls imposed for other reasons. It is a guide to what to expect from our claimed “representative” Republics that represent only the self-interest of those in power and never the population.
This report will be available to non-attendees and non-virtual Attendees for $300 after the conference.
Posted originally on Nov 1, 2024 By Martin Armstrong |
Aside from the collapse in Starmer’s popularity, he has confirmed our forecast for Britain. The left never saw someone they did not want to shake down for money. In the US, we have Trump talking about eliminating the income tax, which I worked on during the Nineties and even testified on taxation before the House Ways & Means Committee. Starmer has announced major tax hikes and higher borrowing to meet his aim of investing for long-term growth.
The tax hike as a percentage of gross domestic product to a record 38.2% will be the highest in modern British history, resulting in government spending not seen outside an emergency or war. While he claims that the additional £40 billion ($80 billion) is to invest in the future, it will undermine the future of Britain.
This year saw a Double-Directional Change on the yearly level for the pound, and we are looking at an unprecedented economic decline into 2026. This is what the LEFT refuses ever to comprehend. They are Marxists until the end.
Posted originally on Oct 31, 2024 By Martin Armstrong |
According to data provided by the Commerce Department, the US economy grew 2.8% during Q3, beneath expectations of a 3.1% increase. GDP has slowed from the 3% posting during Q2.
Personal consumption expenditures (PCE) rose 3.7% last quarter, marking the strongest performance since Q1 of 2023. The US federal government’s spending is factored into growth, albeit another reason why these data points never provide a true indicator of economic growth in the long term. The government managed to increase spending by an astounding 9.7% — 14.9% of which was spent on defense.
Personal consumption expenditures price index increased 1.5%, providing a bit of good news for Fed who looks and causing optimism about a rate drop during the next Federal Open Market Committee meeting. Core PCE remained at 2.2%.
Consumer spending, one-third of US GDP, has risen, but Americans are spending more on less. The government is not releasing the true figures or painting an accurate picture of the economy. Sure, consumer spending is up, but personal savings fell to 4.8% from 5.2%. Americans are spending more, but they are also falling into debt.
The US remains the safe haven for international capital. We saw a 5.87% increase in capital flows to the US on a monthly basis based on the Global Market Watch, and Socrates predicts it will continue to increase.
Posted originally on Oct 30, 2024 By Martin Armstrong
Donald Trump has long stated that he would end the war in Ukraine if elected president. Confident in his ability to do so, the former president has stated he could end the conflict in 24 hours, and has guaranteed to do so before he actually enters the White House. He finally revealed how he intends to accomplish such a feat.
It begins by revisiting the failed Minsk Agreement – the entire premise of the current war. François Hollande and Angela Merkel representing France and Germany at the time brokered the agreement between Russia and Ukraine. The Organization for Security and Co-operation in Europe (OSCE) monitored negotiations and both sides agreed to an immediate ceasefire. Russia withdrew troops from Ukraine for one primary reason — the Donetsk and Luhansk regions were to be occupied territories that would have the autonomy to vote in their own elections.
These regions were never Ukrainian territory. It was occupied by Russians for centuries. The people there had a right to their own lives. The Ukrainians demanded they no longer speak Russian and they sought to deny them even their own religion and they were to report to Kyiv instead of Moscow. This was like Mexico reclaiming Texas and demanding English was to be outlawed and only Spanish was to be spoken and all religions were to be outlawed except allegiance to the Archbishop of Mexico.
The ethnic Russians in the Donbas did not want to submit to a central government from Kyiv itself. The Obama Administration really opposed this sort of settlement on the grounds of old-world empire theory predicated on the territorial integrity of Ukraine. Such policies have led to the death of hundreds of millions of people over the centuries.
Europe brokered the Minsk Agreement as a ploy to buy time. Angela Merkel admitted a few years ago that they negotiated in bad faith with Putin simply to allow Ukraine time to fortify itself thereby buying time to build its army. She also said that at the time, NATO was weak and could not provide support to Kyiv to the extent they do currently. The Minsk agreements were signed to pretend to resolve the Donbas conflict.
WHY would Putin ever agree to any agreement with Ukraine when they NEVER comply with what they agree to. It is now abundantly clear that the Minsk agreements were NEVER intended to be carried out by the current Kyiv government. They were simply used to buy time to build up their forces for war against Russia.
Another stipulation is that Ukraine may never join NATO. Russia has repeatedly stated that it is not battling Ukraine but the NATO alliance that has them cornered. NATO has become the aggressor in this conflict that has grown to such proportions that admitting Ukraine would instantly lead to World War III under Article V that demands all NATO members attack in unison.
Trump’s former advisors have stated that America would have no role in enforcing any peace treaty agreements. This is not our war. “There are two things America will insist on. We will not have any men or women in the enforcement mechanism. We’re not paying for it. Europe is paying for it,” his former advisor added.
A strong leader like Donald Trump who does not align himself with the neocons could possibly persuade Putin, but who will persuade Zelensky? Zelensky’s Victory Plan includes the annihilation of Russia which is precisely what the neocons have been after. Who will convince the allies who have provided trillions in funding to Ukraine? Let’s also remember that the neocons are on both sides of the political spectrum and Trump would have trouble convincing his fellow Republicans to walk away from this war.
I’ve said it numerous times, but one of the most impressive traits Trump displayed to me was empathy. When I went to visit Mar-a-Lago in 2020, Trump said he was tired of calling mothers to tell them that their sons died fighting in the Middle East. It was the first time I heard a politician actually discuss the citizens on the battlefield who are sent off to die in these neocon war games. Trump said that there had been war in the Middle East for most of known modern history and America simply had no place there. Likewise, America has no place in Russia or Ukraine.
Socrates states that Trump could slow down the war cycle, but he cannot prevent the inevitable. It is true that Donald Trump could delay the onsetof the growing global conflict BUT he cannot alter the cycle. Our computer shows that war could break out by 2027, and the financial implications will be fully felt by 2028.
Posted originally on Oct 29, 2024 By Martin Armstrong
Socrates highlighted 2024 as a year for rising geopolitical tensions. Elections everywhere are drenched in conspiracies and fraud accusations. Protests have erupted in Georgia as the governing party has accused Russia of interfering in the election. President Salome Zourabichvili refuses to accept the results and believes the people wanted to side with the pro-West party that aspired to join the European Union.
“We’ve seen that Russian propagandawas directly used,” said Zourabichvili, a fierce critic of Georgian Dream, the governing party. She said the government has been “working hand-in-hand with Russia,” and “probably” received help from Moscow’s security services.
The European Union took it a step further and urged the Georgian authorities to “”swiftly, transparently and independently” investigate “irregularities.” “Those irregularities must be clarified and addressed. That is a necessary step to re-building trust in the electoral process,” the European Commission and High Representative Josep Borrell said in a joint statement, stressing the need for “constructive and inclusive dialogue across the political spectrum.”
Brussels has long has issues with Georgia’s attempts to integrate into the EU because the nation does not hold the same values as Brussels, plain and simple. The EU has been urging Georgia to adopt its same policies on everything from social issues to trade but Georgia is its own nation.
Now, the Georgia Dream secured 54% of the vote. Irakli Kobakhidze of the Georgian Dream party told the BBC’s Steve Rosenberg that irregularities happen in many elections but he firmly believes the outcome is the will of the people. “Of course we have to address these irregularities happening on the day of the election or before,” the Georgian prime minister told the BBC. “But the general content of the elections was in line with legal principles and the principle of democratic elections.”
Russia has denied the allegations. Denying the results of an election has become commonplace as we just saw with Venezuela, Moldova, and elsewhere. Republics everywhere are showing extreme strain as those in alliance with the New World Order will not accept an incoming party that does not align with their ideals.
Posted originally onOct 28, 2024 By Martin Armstrong
People believe that NATO will simply back down if Donald Trump is re-elected as he is strongly against the war in Ukraine. This is simply not the case as NATO began planning for a Trump victory months ago.
Chief Jens Stoltenberg attempted to created a 100 billion euro fund that was intended to be “Trump-proof” earlier in the spring. However, his plan was abandoned in June 2024. Stoltenberg then wanted every member to pledge an annual package of $43 billion on non-lethal aid for Ukraine. Yet, there was dissent within NATO as nations like Italy said they were not actively at war with Russia, while others wanted to wait to see how much US Congress would pass on to Ukraine.
Last week, NATO defense chiefs held a meeting to discuss how to continue the war in the event of a Trump victory. Secretary of Defense Lloyd Austin assured NATO that the neocons in Washington are committed to continuing aid packages to Ukraine. “We can’t expect that the US will continue to take on an outsized burden” in supporting Ukraine, a senior NATO official said on Thursday, “which is why the Secretary General wants to see NATO leading on security assistance, rather than one ally taking that on.” The official noted that the Europe must now “step up” in case someone enters the White House who is actually seeking peace.
America and Europe are ramping up their efforts to arm Ukraine ahead of the election. Both are now using frozen Russian assets to fund Ukraine. Biden said he is “emptying out” all of the funding that Congress has already approved for Ukraine. The other goal is to provide Ukraine with the means to manufacture their own munitions, with Assistant Secretary of State for European and Eurasian Affairs James O’Brien commenting that “billions” have been invested on the matter. “Every day, we are building long-term capability to Ukraine,” Austin said on Friday. “That will help to spell success for Ukraine in the long haul.”
The Neocons have weeks to finalize a plan. How do they ensure the Ukraine war continues if Donald Trump becomes president this November? The answer may shock the world.
Posted originally on Oct 28, 2024 By Martin Armstrong
QUESTION: Dear Martin,
thank you for all your work and the inside you give!
I’m following your blog since 2016 and I would like to ask you for an outlook regarding Hungary and Serbia.
Looking at the actual situation in Europe and history since 1914 it smells like after the smoke will be gone after 2032 the Chinese will focus on these two as their main partners in Europe.
China is heavily investing in infrastructure in both countrys, especially northern Serbia and south Hungary.
All the best and prepare for another 50 years with us, as Scotty needs to overhaul the machines …
Best regards —————- V. K.
ANSWER: It does appear that Hungary and Serbia will survive against the rest of Europe. 2024 was a turning point, and like most other indicators, we see turmoil into 2027. I speak to people there in Serbia and even Macedonia. The general sentiment is pro-Russia, for they never seem to have anything positive to say about Ukraine, most likely because they were goose-stepping with Hitler’s Nazis.
China has been making inroads into Africa and South America. It understands the economic model and cycles. It generally believes that this is its time to rise. Keep in mind that China’s rise is enabled by the stupidity of our leaders and this quest for war with Russia. The West is committing suicide, and that, above all else, is enabling China’s rise. This is not my dream or desire. I have grandchildren, and I had hoped to leave them in the future. But we have allowed these Neocons to seize power, and our complicity, combined with the refusal of mainstream media even to do investigative journalism anymore, is making sure we will crash and burn.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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