QUESTION: Isn’t the current version of the economy much more decadent than in ancient times? So the past is not always the same.
WG
ANSWER: I think you have not paid attention or perhaps you have never gone to a museum. The one thing that stands out is the constant changing in fashion. It’s been a long-standing joke that when women’s skirts rise, so does the stock market. When they fall to nearly the ground, the market crashes – i.e. Roaring ’20s.
There are indeed similar trends in ancient times. The term he assumed the Purple meant that the Emperor was the only one allowed to wear purple which was a very expensive die imported from India. In the Catholic Church during Advent, the priest wears purple vestments symbolizing the same Roman tradition.
However, even if you look at the coinage of the various wives of Emperors, and you will quickly notice the changing hairstyles. I suggest looking at a Fashion Museum and you will also see a cycle in clothing that corresponds to the rise and fall in temperatures. Fashion indeed becomes more elaborate in good times, and it does become standard during the bad times.
QUESTION: Hello, re: Fauci Under Global Attack I have to disagree with your comment that China did not benefit. I think they had to have been somewhat aware of what was going on, or at least caught on early and let it happen. This was a big benefit to them, specifically with respect to Hong Kong and the protests that had been going on there for a long time. I think anytime China has an opportunity to grab more control over its citizens, they will take it.
But I do agree with your belief of how it went down. I reviewed the publically available evidence such as patents, etc. a year ago and thought it was highly probable that this was man-made and intentionally released. That being said, it really doesn’t matter. Governments will use any excuse, with help from the media (pravda) to grab more power….in the name of protecting our freedoms, how ironic. I continue to be amazed at how dumb people are. On another note, and I am a very anti-violent, anti-war person, but…why doesn’t someone just assassinate Gates, Schwab and Soros? Cut the snake off at the head, so to speak. What are your thoughts on Mauritius? I am looking to get away from this crazy world.
MR
ANSWER: All the information I have, which is EXTREMELY reliable and firsthand, not hearsay, points to this being created to further the Great Reset. China benefits from the deliberate response of the West, which is organized as part of this Build Back Better arrangement. I can confirm the Great Reset was talked about at Davos 1 year before COVID. They selected China in an effort to force them to join this Great Reset. China was on track to exceed the US as the largest economy before COVID. Their economy grew BECAUSE they did not deliberately try to crush it for the Great Reset. This is like a wife whose husband was killed in 9/11 saying she benefited because he had a large life insurance policy. China will become the Financial Capital of the World and they need not do anything but sit on the side, reject the Great Reset, and watch the West self-destruct.
Now as far as someone assassinating Gates, Soros, and Schwab, I think history proves that at the very least there will be attempts on their lives. After all, on July 20, 1944, Claus von Stauffenberg (1907 – July 21st, 1944) and other conspirators attempted to assassinate Adolf Hitler inside his Wolf’s Lair field headquarters near Rastenburg, East Prussia. The name Operation Valkyrie—originally referring to part of the conspiracy—has become associated with the entire event. There will be someone else who emerges to save humanity just as Claus von Stauffenberg tried to save Germany.
QUESTION: Dear Martin Armstrong What happened to the various sectors of the oil industry? Why are they not talking back? No, CO2 is not destroying the climate! No, we are not the cause of global warming. There is no global warming! We are not destroying the seas with oil and plastic garbage, lack of utilities for sensible waste handling is. Why don’t we hear objections from the big companies? Why are they so compliant with all these faulty narratives? I fail to see what NWO, WEF, Great Reset and more rubbish of the sort have to offer them. Their power base is more potent than this lofty rhetoric from experts and fake scientists. It’s their products that makes the world economy spin around. Why don’t they say something? Top high regards and mountains of best greetings /Uni
Unknown
ANSWER: I believe that there have been major bribes paid to some politicians. I also believe that Bill Gates was involved with Epstein, not for young girls, which would have been legal in Europe if they are over 14, but for the purpose of getting powerful people in a compromising position to blackmail them. I suppose the test of my theory will be if Ghislaine Maxwell is actually allowed to go to trial. She has refused to plead guilty and they seem to be trying to get her sick or to pull off another suicide. Her conditions in solitary confinement are deplorable as they flood her cell with raw sewage. But according to Biden, Americans never torture anyone. RIGHT! Even when I petitioned the court to be taken to a real doctor the judge denied medical treatment. You have no idea how ruthless these people really are. They will stop at nothing to win.
QUESTION: Hello Mr. Armstrong,
I hope this email finds you.
Admittedly, I was first drawn to your blog years ago due to an interest in economics. After seeing various academic theories proved false by the market, I was searching online for someone out there with experience who could shed some light. Personally, I’ve become more and more curious about subjects beyond economics/politics. I want to learn more about how things are connected, something you’ve highlighted many times.
Do you have any recommended reading into physics? Something to help me orient myself. I would love to understand more how physics links into economics. Not just at a high level.
Kind regards, SJ
ANSWER: I wish I could refer you to a book on the blending of these subjects, but unfortunately I cannot. I am trying to write a book on this to bring together the works of various people I have studied over the years. The greatest problem has been that they are specialists in their field but do not step outside of that.
One of our major Australian corporate clients ordered their CFO to meet with me after he lost $50 million in foreign exchange. He was against cycles and had his back up, which was understandable. No matter what I said, he would dismiss our track record as luck. I finally asked him his background. He said he had a degree as a nuclear physicist. I said, “Great! Let’s look at the markets from the Second Law of Thermodynamics.” His mount dropped and said, “Oh my God, there has to be a cycle!” I responded, “You got it!”
They just do not bring the various fields together. That is what I am hoping to do with the fourth book in this series I have been writing, “TheGeometry of Time.” I hope to have the “Discovery of the Business Cycle” ready by the end of the year. After these five books, I will be ready for Scotty to Beam Me Up. I did what I was supposed to do.
QUESTION: You have mentioned more often ancient coins rather than US coins as an investment. Is there any particular reason other than your personal interest in history?
WG
ANSWER: The Chinese are big buyers now of ancient coins in addition to their own. But the difference with ancient coins is that there are collectors worldwide so they tend to be much more of an international market. The coins of a particular country still are valuable but tend to be local — not international. The 1933 $20 gold coin just sold at Sotheby’s for $18,872,250 on an estimate of $10-$15 million would not bring that kind of money in Beijing.
QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone in Florida. Is that you?
HP
QUESTION #2: Is Vanguard and Blackrock part of the great reset fraud?
SB
QUESTION #3: With the revelation of Blackrock buying up single family homes and making homeownership and rentals unaffordable, what is the average person to do? My son and his family and my husband and I were getting ready to purchase homes to settle down in but have now been priced out of most markets and rentals are also hard to come by that we can afford. We live in California but are wanting to get out of Dodge. Sharon
ANSWER: I am not a liberty to say who is and who is not our client. What I can confirm is that Blackrock has bought more than 20,000 homes in Florida under $500K. They are buying for cash and this is the result of artificially low interest rates. Central banks have created a disincentive for buying government bonds. This is going to come to a head and we will see interest rates rise because big money is looking at the return on renting out homes rather than investing in bonds.
This is not part of the Great Reset in saying you will own nothing. This is the shift from Public to Private. You cannot artificially lower interest rates to absurd levels under real risk and then expect them to remain there indefinitely when these pension and investment funds need higher returns. The good news to this trend is that it is resulting in the institutionalizing of the real estate market which is far better than the last attempt by creating mortgage-backed securities.
Socrates covers real estate around the world which has been part of our Institutional services. We have made this available to all levels of subscribers. We do have this broken down per state in the USA. We will be adding that to the general system because of the impact of this shifting from Public to Private in capital investment.
QUESTION: Good Morning, If we take the statement “History repeats because human nature never changes” it would suggest that the human nature cycle will never reverse. That in itself does not track. If everything is like a pendulum, shouldn’t it swing back around to where human nature can and will change? And a lesser 2nd question to that end, if human nature did change how would that affect Socrates’ forecasts 🙂 ?
GM
ANSWER: Human nature will never change insofar as we all have personal feelings — we can love or hate. That said, we are also influenced by mob behavior. The experiments of Stanley Milgram show that people would torture another if ordered to do so. He called his discovery, Obedience to Authority.
That said, society swings back and further between public & private confidence. People canceling anyone who has ever said anything, even 30 years ago, is the swing of the pendulum excessively to the left. The swing is based upon the “sheep” who can be herded and they will move back and forth depending upon their influence. That does not negate that we still have within human nature the battle between good and evil. Therefore, every government in history has collapsed because human nature swings back and forth.
Socrates is NOT HARD-CODED to follow some specific predetermined outcome. It adapts to the changes in trends. It is truly Artificial Intelligence, not some neural net or expert system that looks up the predetermined answer. All I did was teach it how TO ANALYZE and then set it loose on the world. This is a very important point. I was interested in discovering how the world functions. I did not create a program to merely report what I wanted it to say — I am not the government!
This is the real deal. It has taught me a lot in life.
In Germany during December 1922, the last straw that broke the back of the German economy was a forced loan of 10% of all your assets. This destroyed the confidence that remained in the Weimar Republic and thereafter people withdrew the money from banks and started to convert to other currencies and to buy whatever tangible assets they could. Hyperinflation took off in 1923.
History repeats BECAUSE human nature remains the same. In an interview with The Hill, of course, it was a Democrat from New York Thomas Suozzi who said he’s in the early stages of looking at what he called a “patriot tax” which is really a WEALTH TAX that he is proposing to impose as a one-time surcharge of 2.5% on wealth between $50 million and $100 million and a 5% on wealth above $100 million.
This is NOT income – this is on assets. It will require full disclosure of all assets held globally with penalties of imprisonment and confiscation of assets if you lie. Note this is how they introduced the income tax in 1913. They always put the initial level above the average person. In 1913, the average annual wage was about $1,500. Making the income tax starting at $3,000 was to ensure the people would not worry about the rich.
They are doing this once again. True, I would not care if Bill Gates or George Soros had to pay 5% of their gross worth. But they throw that into their foundations which will not be taxed. My real concern is once they push this through, then it is one small step for the government to lower that to $1 million or $500,000. Even if you own a home that is $1 million and you have an $800,000 mortgage, you are taxed on the $1 million – not the net.
Still, many people will say anyone with $1 million can afford to pay 5%. But that includes all assets – the value of your home or business. He says they will give them 5 years to pay it. Why? Because this is on all gross assets that they will then appraise. They can say your home is now worth $1 million despite the fact you paid $250,000 so you have to pay 5% of that $1 million gross as well. We are talking about assets that not LIQUID meaning you then must sell things to pay the tax. This is how they destroy farmers. The inheritance tax forced the sale of land to pay the tax ultimately leading to big corporate farming.
So you wanted to know how to destroy an economy as fast as possible? All you have to do is impose a WEALTH TAX and watch what happens! You can double your money in the stock market, they want 5% to the total gross value. They could easily tax you on the maximum value of Bitcoin holdings during a given period. Do not count on any federal judge ruling in your favor. That will NEVER happen!
So this is just another nail in the coffin of the West and why China will emerge as the #1 world economy. The LEFT will destroy everything – it always ends up that way. That is neither my opinion nor a conspiracy theory. It is just history. The policies of the LEFT are prohibited by the Ten Commandments. Not only does this violate the freedom of religion, the same prohibition appears in other legal codes from ancient times proving that it was prohibited for good reason.
QUESTION: Are you familiar with that studies of pundits have shown that their forecasts are no better than chance. You seem to be in the category of what those studies at Penn University by Philip Tetlock called “superforecasters”. Would you care to comment on how you are right so often when others never are?
UT
ANSWER: I am not familiar with those studies on forecasting but it makes sense. The vast majority of forecasting is nothing more than opinion. That is why they are rarely correct. Even Barron’s took a shot at me because in 2010, the forecast was that we were entering a bull market with new highs on the horizon following the crash of 2007-2009. Of course, Barron’s never wrote another piece to say the forecast was correct. Barron’s acknowledged I had forecast the 1987 Crash. But they never reviewed everything.
The press likes pundits to talk opinion. They are not really interested in forecasting. If they were, they would do a serious article on all our forecasts concerning the methodology that has been correct for a single reason — history repeats. Socrates puts the entire world together and maps out the capital flows. Just follow the money — that will mean you will be far more correct than sticking your finger in the air to judge the direction of the wind.
History repeats because human nature never changes throughout the millennium. We are a species that will never change because human nature remains the same since the dawn of time. There are Stone Age graves with people buried with dignity. The most amazing find so far of a Stone Age grave was of a female and two children hugging each other. They were carefully arranged in this position. This strongly indicated they had spiritual beliefs and cared for their dead, but most of all, it showed love.
Throughout millennia, people before recorded history showed how that they cared for one another. They also showed a consistent belief in the hereafter. There are even dozens of burials in the southwestern Siberian village of Staryi Tartas, where human remains were positioned in pairs facing each other. The rare couple burials are among 600 graves dating to between the 17th and 14th centuries BC from the Bronze Age Andronovo culture. Even in the Stone Age, there was respect for the dead shows love existed then as it does today among our species.
This respect has been a tradition in human communities that appears from the very beginning. But Socrates cannot answer that question. It can show the correlations with religions and demonstrate the similarities of cultures around a central belief system. It cannot confirm or deny the existence of an afterlife. That becomes opinion.
Human nature endures. We travel through time, and technology progresses with our knowledge. However, emotionally we remain very much the same. Society MUST move through these crash and burn periods. It is how we progress through history. We learn only through our mistakes — never our victories.
Therefore, the correct forecasts are not because of my personal opinion or some guess. Everything is based upon history and what that reveals is straightforward. Given the same circumstance, human nature will ALWAYS respond in the same manner, like an animal cornered will stand and fight even if it is a possum that normally plays dead. The future becomes understandable ONLY when you understand the past.
QUESTION: Hi Marty, I have read your blog every day for years and you really appreciate the behind the curtain look at the world. You mentioned that gold is not manipulated which I can understand. My question is if the Silver market is really manipulated or not? I read that JP Morgan has been fined many times for just that. You have mentioned on multiple occasions that once the metals are ready run that silver will out place gold. Will the Liquidity crisis set this all into motion? Thanks, NEF
ANSWER: They can “manipulate” any market within the trend. What they cannot do is make a bull market out of a bear market or vice versa because EVERYTHING is connected. You cannot have gold trading for $100 more than it does in Shanghai compared to New York, it will be quickly arbitraged. So to be very clear, what I am talking about is a sustainable reversal of trend counter to everything else in the world. I went head-to-head against Buffett during his last and final attempt at commodity manipulation thanks to PhiBro. This is what I am talking about. They moved the silver from New York to London and had the fake news talk about a shortage in silver to jack the price up. They were only looking for a rally to $7 and then they sell it to the retail crown once again.
I know the gold bulls hate my guts because they want to always say gold is manipulated. NOTHING is systemically manipulated for decades. The only time that has taken place is governments imposing controls of fixing currency values. Even that never can be sustained. I was named FOREX person of the year because I had forecast when the Swiss peg would collapse. I even met with the head of that operation for the Swiss central bank. I warned him the peg would crack a few weeks prior. He said they could hold it and I replied nobody has ever been able to fix a currency against the capital flows. The peg broke. The same was true in the 1997 South East Asia Currencies Crisis where the pegs broke. I was called in by the central bank of China on that one. Then there was the British pound peg to the ERM that broke and made Soros a billionaire.
I have been around with all of these attempts to manipulate. NEVER has it ever been able to be sustained against the trend. Yes, they can get a blip. But never have they been able to change the long-term trend. The manipulations that they have often been fined over as in LIBOR is they know ow where the stops are and they push the market to elect them. But that is not changing a bull market into a bear market. That is often involving front-running.
Posted originally on the conservative tree house on June 6, 2021 | Sundance | 109 Comments
Boy I’m glad she decided to take one last question at the end of her G7 Finance Minister press conference, because that one question was the one that mattered…. and it didn’t come from a U.S. journalist (go figure).
In this Q&A with Treasury Secretary Janet Yellen she is asked about massive ongoing inflation and why she is not worried about it from a U.S. monetary policy perspective. Her reply is jaw dropping. [Video at 25:10 prompted]
First, note the words used “my personal opinion is“, that’s a key *tell* that she is now shifting from economic discussion into the manipulated words of a U.S. political appointee who is in place to support the absolutely insane policies of the JoeBama administration. However, what she follows with is beyond absurd… it’s professionally false and filled with gaslighting.
Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists. She claims pricing is returning to where it was at pre-pandemic levels. This is an absolutely absurd statement that every single reader of this site can see, feel and absorb in their own lives.
Her example of Airline prices returning to pre-pandemic levels is devoid of reality. Airline prices are dramatically escalating because fuel and energy prices have risen 40% or more over the past five months. When the airline industry was hit by COVID impact, to manage costs they shut down operations – reduced flights, put planes out of commission, eliminated on flight services (food beverages), and downsized their entire industry. They did not significantly lower prices.
Secondly, Housing prices did not drop…. rents did not lower… mortgage rates did not decrease… grocery store food prices did not drop (they went up)… “Away from home” food prices did not drop (they stopped or stayed the same),…. the cost of cars, hard goods, durable products, did not drop. Nothing dropped in price. Instead the sellers of products and services modified their businesses (or shut down) to adjust to the drop in customers. Barbers and hair stylists did not lower prices…. nothing dropped.
Businesses did not, DID NOT, lower prices. If anything, they added surcharges for modifications to their business.
Inflation rates this year have absolutely nothing to do with lower prices last year and “return to normal” prices this year. She is selling nonsense.
THAT is professional gaslighting from the Treasury Secretary of the United States. Quite remarkable.
I find it interesting how nobody seems to distinguish between a digital currency and blockchain cryptocurrency. The former is not traceable other than that transaction. To eliminate cybercriminals, the World Economic Forum is pushing ending paper money and moving to cryptocurrencies – not digital. With blockchain, the government would be able to trace the money to the criminal. The side benefit will be to ensure everyone pays taxes on everything they ever dreamed of. This is the REAL purpose of cyberattacks that are private decisions and outside the jurisdiction of government to trace and prosecute.
This is why Klaus Schwab is warning of cyberattacks. This is to end commerce globally without government-trackable cryptocurrencies. In 1934 when Roosevelt confiscated gold if you had money on deposit in a bank, which had been in gold coin, Roosevelt seized it all. The difference between a digital currency you use today with a debt or credit card is that is not traceable beyond a single transaction. Bitcoin using blockchain allows the government to trace every person who had that Bitcoin in the flow of money. Crypto is far more than digital and they never want to talk about that either. They will tell you no more credit card theft. Everything will be 100% secure. You will no longer be able to find a $5 bill in the parking lot.
I have written before how the Romans tried to outlaw prostitution declaring you could not pay a prostitute with a coin that had the image of the emperor which they all did. So they created these tokens you would buy from a money changer, you would pay the prostitute and she accepted them because she knew she could go to the money changer and he would convert them to coin.
Human nature is resilient. There are already counterfeit COVID cards. In Japan, every new emperor would devalue the outstanding money supply to 10% of his new coins, which also had no metal value. Soon, the Japanese refused to accept Japanese coins. They used Chinese coins and bags of rice. The Japanese government LOST the confidence of its people and was UNABLE to issue coins for 600 years.
They are desperate to get China and Russia into their Great Reset because just as the US dollar is the world currency with 70% of paper dollars circulating outside the United States, that could be replaced by the Chinese currency as was the case back in Japan. Will history repeat? Will we be using Chinese currency because Schwab succeeds in 2023 to end paper money in the West? My advice to China – start printing and imitate the stability of the dollar and never cancel your currency.
Even when Rome fell in 476AD, the barbarians still imitated the Eastern Roman coinage issuing the coins in the name of the Eastern Emperor. This only illustrates my point, that often the currency commonly used is that of another country.
The Federal Reserve has discontinued updating the M1 and M2 weekly money supply series and is instead now updating the series monthly. What is really going on is what I have been talking about and was one of the key subjects behind the book I published – Manipulating the World Economy (5th edition to be released in a few weeks). This change reflects a profound change in economics whereby Keynesian Economics is collapsing. The view at the Fed has been stating what I have been warning was unfolding. Chairman Powell has stated that he no longer regards that the quantity of money is relevant. Powell has stated that the practice of measuring money no longer matters because it’s unrelated to inflation. The Fed now realizes what I have been saying all along – it is a matter of CONFIDENCE.
This money supply has been published since the 1970s when the idea of Milton Friedman first took hold as monetarism. It was Milton who convinced President Nixon that the value of money was no longer calculated by the amount of gold in your vault. The Fed has changed the publishing frequency on M1 and M2 money supply from weekly to monthly which is a direct result of the collapse in economic theory, although no economist will explain it that way.
The entire idea behind QE was you increase the supply of money and inflation would follow. They have poured money into the system since 2008 dramatically increasing the money supply which has had ZERO impact on inflation.
The Federal Reserve has realized what I have been saying turns out to be true. In principle, they realize that inflation is not tied to the money supply. Not only has the Keynesian economic theory failed, but so has Monetarism. Now the goldbugs have to realize that inflation is not tied to the money supply and that has nothing to do with hyperinflation and just maybe we can see that the emperor has no clothes after all.
Thank you for all the letters and emails congratulating me on the book and its impact on changing the central banks. The war has not been won. Now they move to the digital world.
FED Notes:
Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided. For further information about the changes to the H.6 Statistical Release, see the announcements provided by the source.
Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions.
Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of OCDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately.
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