By Dinah Wisenberg Brin
The Associated Press Philadelphia
The political upheaval of 1994? They saw it coming two years ahead of time. The devastating Japanese earthquake? They’d been expecting it, albeit a year earlier….President Herbert Hoover … might be pleased with board Chairman Martin Armstrong’s prediction of the extinction of the Democratic Party after 2020.
In late 1992, Armstrong accurately predicted either “a sweeping Republican victory on Capitol Hill” or a victory for a independent party in 1994.
QUESTION: Mr. Armstrong, I found an article from February 21, 1995, in the Associated Press that you had also correctly forecast the elections back in 1994 which became known as the Republican Revolution and warned that the Democratic Party could ride off into the sunset. Your forecast on Trump and BREXIT also show your computer is on to something. Will you be doing the elections in 2020 at the Orlando WEC?
CM
ANSWER: People do not understand that it is not the cycle by itself; it is a reflection of the trend of the whole. The crisis in the Democratic Party is reflected in the turmoil from the Squad of Four who are receiving all the press and painting the Democratic Party as the extreme left. Then you have Bernie Sanders and Elizabeth Warren. They are just not in the center, to say the least. This raises the potential for a major shift in the political system as we saw with Trump wiping out career politicians in the Republic Party. You can see the Array on the Democrats (Combined Senate/House) showed a Panic Cycle in 2019 which gave them the House, but the big turning point will be the 2020 elections with a Panic Cycle due there as the result in 2021.
Yes, we will be doing political forecasts at the WEC.
When theGAO report came out on the Quantitative Easing by the Federal Reserve, it uncovered a secret $16 trillion feeding tube from the Fed structured as revolving, low-cost loans to any bank (foreign or domestic) teetering on the edge. Amazingly, the audit showed the Fed started the loans in December 2007 – long before the public knew there was a dangerous financial crisis – and it lasted until at least July 2010.
In addition to the publicly known support to Bear Stearns from the New York Fed, the GAO audit revealed that the Federal Reserve provided another $853 billion in secret loans to Bear Stearns; $851 billion from its Primary Dealer Credit Facility and $2 billion from its Term Securities Lending Facility. It wasn’t until May 31, 2008, when JPMorgan Chaseclosed its deal with Bear Stearns. However, the GAO reported that Bear Stearns “was consistently the largest PDCF borrower until June 2008.” The Fed shows that Bear Stearns continued to receive funds until June 23, 2008.
Then by April 2010, that is when Greece had to ask the IMF for a bailout. What is amazing is how no banker was ever charged for the toxic financial waste they created while trading against their own clients.
COMMENT: You are quite correct Mr. Armstrong. Prime minister Boris Johnson spoke that “no deal” Brexit looks like a surety and the FTSE 100 skyrocketed and the pound took a beating against ALL mostly traded pairs. Indices (excepting for a few) are going to the moon!!
J.F
REPLY: There are actually suggestions in Brussels I have received a few calls from reliable sources that a hard BREXIT means that Brussels wants to build their version of the Berlin Wall to separate Ireland all for taxes to prevent the free flow of commerce between the Irish people. All of this because of the insanity of their demands on trade. Britain will be so much better off with a hard BREXIT.
In 2018, UK exports to the EU were £289 billion (46% of all UK exports). UK imports from the EU were £345 billion (54% of all UK imports). The share of UK exports accounted for by the EU has generally fallen over time from 55% in 2006 to 43% in 2016, though this increased slightly to 44% in 2017 and 46% in 2018. The numbers are very clear. The UK buys more from the EU than the EU buys from the UK.
A hard BREXIT will allow Britain to enter free trade deals with Asia and the USA which are the more than 50% of its trade balance sheet. The decline in the pound will make British exports even more salable overseas.
The entire feud between Britain and Brussels has been over the border in Ireland between north and south. Brussels fears that there will be a free-flow of goods which will circumvent their taxes. The election of Borris Johnson has created a giant nightmare for Brussels. Trump and Johnson will enter a free trade agreement. A hard BREXIT will be the best thing for Britain for it will be free to cut its own trade dealers with the US, China, Japan, and the rest of the non-EU world.
The restrictions on trade imposed by Brussels are impossible to manage because all 28 members have a say in any trade deal. This is why the deal with the USA took so long to start with and it became unworkable. Trump offered a free trade deal and France was the one screaming the loudest. Germany cannot cut a deal with the USA because of France and neither could Britain.
A hard BREXIT will change the trade landscape in Europe which will put pressure on Brussels. The more they try to punish Britain, the more they will isolate the European economy for pure power.
QUESTION: Mr. Armstrong is there any way we can not have inflation. If so how? If not what would you say 5% or more?
S
ANSWER: It all depends on your definition. The type of inflation coming is more STAGFLATIONwhere prices rise due to cost-push (shortages) but there is a declining economic growth. The more familiar inflation is a DEMAND lead event because the economy is booming. Because governments are desperate for money, they keep raising taxes and are increasing enforcement. This trend is DELATIONARY for it reduces disposable income. The INFLATIONARY pressure comes from the rising costs which are set in motion by raising taxes.
Then we add the impact of the climate chaos creating shortages in food and that furthers cost-push inflation. The end result will be the shift from PUBLIC to PRIVATE where people will run away from government debt on all levels and move to tangible assets to survive.
The collapse in property values in London has created a crisis in property funds. M&G Investments blocked withdrawals from its UK property fund as it seeks to distance itself from the troubled manager. Back on June 3, 2019, the asset manager wrote to clients of the M&G UK Property fund to inform them it had placed a temporary restriction on customers from taking out their money for up to six months. Restrictions were also placed on certain withdrawals from the Prudential UK Property fund, which feeds into the M&G fund affected about 65% of customers in the fund. Both funds were only available for long-term institutional investors such as pension funds and the total under management was around £636m in assets while the Prudential Fund had about £50m.
The real estate funds are going to be the worst since they tend to be illiquid.
Something’s rotten in Denmark…or rather, in Greece. And they’re not the only ones facing problems – big debt problems! How does Europe’s Debt Crisis relate to the U.S. economy? What can we learn from their cautionary tale? Visit Greece, Brussels, California, and Washington, D.C. as we dig into Europe’s plight, and investigate if the United States can avoid making the same mistakes.
This evening President Trump delivered remarks during the swearing-in ceremony for newly appointed Defense Secretary Mark T. Esper. [Video and Transcript] The Senate voted 90-to-8 easily confirming Secretary Esper.
.
[Transcript] – THE PRESIDENT: Well, thank you very much everybody. We have a very important moment in our country’s history, actually. And we had a lot of our great Republican senators in the White House, and I invited them over and many of them wanted to be here. And as you probably heard, the vote just took place, and it was 90 to 8. That’s a vote that we’re not accustomed to, Mark, I have to say that. So congratulations, that’s great.
But I’m honored to be here today for the swearing-in of our new Secretary of Defense, Mark T. Esper. I especially want to thank Justice Samuel Alito — highly respected and a great gentleman, a great man — for joining us to administer the Oath of Office. Thank you very much. Thank you, Sam.
We’re also delighted to welcome several of Secretary Esper’s family members and friends to the White House today, including his mother, Polly. Hi, Polly. (Laughter.) Boy, are you proud of him, Polly? You better believe it. Yeah. (Laughter.) His wife, Leah. Thank you, Leah, very much. And his three children — Luke, John, and Kathryn. Thank you very much. Congratulations, too, most importantly. Congratulations. That’s an incredible thing.
There is no one more qualified to lead the Department of Defense than Mark Esper. A West Point graduate — great student, actually — Secretary Esper served our military for 21 years, including in the Gulf War. He also advanced U.S. national security in government and in private sector, most recently as Secretary of the Army, where he played a critical role training and equipping our armed forces. That’s where I got to know Mark. And there was nobody that did a better job than Mark and there’s nobody that loves it more than Mark. And thank you very much.
He is a recipient of the Bronze Star and Combat Infantryman Badge. He holds a doctorate in public policy from George Washington University and a master of public administration degree from the John F. Kennedy School of Government at Harvard University.
I am confident that he will be an outstanding Secretary of Defense. I have absolutely no doubt about it. He is outstanding in every way. And we’re honored to have you aboard. And I would ask Justice Alito, please, to administer the Oath of Office. Thank you. Thank you, Judge.
(The oath is administered.) (Applause.)
THE PRESIDENT: Would you like to say something?
SECRETARY ESPER: Yes, sir, if I may.
THE PRESIDENT: Please.
SECRETARY ESPER: Well, thank you, Mr. President, for your kind words, for your confidence in me, and for this incredible opportunity. And thank you, Justice Alito, for administering the Oath of Office. I really appreciate you being here this afternoon.
I’d also like to Senate — to thank the Senate Armed Services Committee for its quick action on my nomination and for the strong bipartisan support that I received today from the entire United States Senate.
It is an honor of a lifetime to be appointed Secretary of Defense and to lead the greatest military in history. And I will do so with that same energy and commitment to duty, honor, and country that I have for nearly four decades since my early days at West Point.
Mr. President, it is a privilege for me and for my family to be here with you today. Thank you for your leadership and for your commitment to a strong national defense and to all of our service members. Our military has made tremendous gains in recent years thanks to your leadership and we stand ready today to take on any challenge.
And while our soldiers, sailors, airmen, and Marines stand guard each and every day, we will ensure their families are well taken care of.
On a personal note, I would like to thank my wife, Leah, who has been by my side now for 30 years as a military spouse herself; my children, Luke, John, and Kate; my mother, Polly; my in-laws, Tom and Von; and my sisters who join me here today. And everybody else who has been a steadfast supporter of me over the years.
Again, thank you, Mr. President, for allowing me to serve our great country once again, as Secretary of Defense. Thank you, sir. (Applause.)
THE PRESIDENT: Thank you, Mark. Congratulations.
SECRETARY ESPER: Thank you.
THE PRESIDENT: Fantastic. Proud of you. Come on over here.
SECRETARY ESPER: Okay. Leah?
(A certificate is presented.)
THE PRESIDENT: He’s going to be a great one. Thank you very much.
The Real Adam Smith: A Personal Exploration by Johan Norberg, takes an intriguing, two-part look at Smith and the evolution and relevance of his ideas today, both economic and ethical. It’s difficult to imagine that a man who lived with horse drawn carriages and sailing ships would foresee our massive 21st century global market exchange, much less the relationship between markets and morality. But Adam Smith was no ordinary 18th century figure. Considered the “father of modern economics,” Smith was first and foremost a moral philosopher. The revolutionary ideas he penned in The Wealth of Nations and The Theory of Moral Sentiments, changed the world. Norberg explores Smith’s insights regarding free trade and the nature of wealth to the present, where they are thriving and driving the world’s economy. In the second hour, Ideas That Changed The World, Norberg traces Smith’s insights regarding the benefits of free trade and the nature of wealth to the present, where they are currently in operation. He talks with some of the most distinguished Adam Smith scholars, as well as leaders of some of the world’s most admired companies to discover how Smith’s ideas continue to be relevant and drive the global economy today.
Five myths cloud our perception of both the past and the present. (1) The “robber baron” myth, which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor. The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual; (2) The myth that the Great Depression was caused by a failure of business, when it was, in fact, produced by a failure of government and specifically by the Federal Reserve System; (3) The myth that government in the economy has expanded in response to public demand, when, actually, the public has had to be sold “hard” for politicians to enact every major social program; (4) The “free lunch” myth, which forces the individual to pay more, no matter how the government raises money – by taxing individuals, by taxing businesses, or by printing more money; and (5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle. Check out our Facebook page here: https://www.facebook.com/FreeToChoose…
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
Centinel2012 