Tag Archives: Valarie Jarrett

Jul 1 2016

Can Rating Agencies be Trusted?


Armstrong Economics Blog

Re-Posted Jul 1, 2016 by Martin Armstrong

Standard Poors

COMMENT: The manipulations of S&P indicate that these clowns’ output should be printed on absorbent paper. The point is exactly that this company and its directors have changed their rating based on anticipated events, and, given on the exact day as the Tory party’s leaders are being chosen, precisely in order to increase pressure on Britain’s political system whilst it is in the process of sorting itself out. This company has shown itself to be entirely devoid of any professional ethics. The sooner non-US ratings agencies are formed to clean up that industry, the better.

Above the toilet roll holders it should now read: “S&P analysis, please take one”

REPLY: I fully agree. The problem is that the S&P is a FOR-PROFIT private group and I believe they are not trustworthy. They have shown that they compete with other rating agencies and will sell ratings to the highest bidder. It is not that they are US based, it is that they are FOR-PROFIT.

I recently attended a meeting with one of our pension fund clients. They swapped all government debt for private, top-notch corporate debt. They made back $2 billion. The rating agency said they were taking on more risk because they swapped to private from public. Our client did their own due diligence based on our recommendation and confirmed that there was never a default by a major corporation in this category, but government debt has defaulted, rates have been artificially reduced, and holders of debt are often forced to take a haircut. They had no response. They clearly rate according to opinion rather than hard facts. They have become far too political and should have been thrown in prison for what they did with rating CDOs at AAA. I believe they are just not trustworthy

Jul 1 2016

The Sixth Wave


Armstrong Economics Blog

Re-Posted Jul 1, 2016 by Martin Armstrong

Sixth-WaveECM

QUESTION: Marty; You do realize you correctly forecast the takeover boom and the reversal in trend in 1985 followed by the peak of Japan to the day and the fall of communism with your 1989.95 peak in the ECM. Then with 1998.55 you forecast the collapse of Russia and were named hedge fund manager of the year. They threw your ass in contempt for that one. Then they called 2007.15 peaking the peak in the Schiller real estate index to the day Armstrong’s Revenge. Then 2015.75 you declared it was the peak in government and you said 8.6 month into this cycle it would be the EU. You were the only one who has ever done this and you yourself wondered if the computer would be right with BREXIT or would they rig the game. Your forecast for the War Cycle picked Ukraine before it happened and your political model forecast the rise of anti-establishment for 2016. What are they going to do to you now with the demise of the EU? Will they ever listen? The press should be knocking down your door. The fact that they are not is indicative of their own corruption. Is it possible they will simply never listen?

ANSWER: I would like to think they would listen to a viable solution. It would be nice to take that next step up in knowledge as we did 300 years ago during the Age of Enlightenment. Cyclically, the time is right. We are due on the 309.6-year wave. However, this is also the sixth wave and things are fractal. My fear is that government will try to cling to power and bring us into a Dark Age.

This is the climax between good and evil so to speak. These people have to stop. They are risking it all.

Jun 30 2016

President Obama Signs Paul Ryan Bill and Immediately Suspends 5th Amendment…


Add to this the language in the NDAA section 1032 ans 1033 and PC (anti free speech the 1st amendment and the only one still standing, and just barrel is the 2nd amendment. The 2nd is the hardest one to take down but they have no chose but to try; hopefully at least a quarter of the military will be on our side but I would not count on it so it will be civil war and worse than the first one.

Jun 30 2016

Trump Rally – Did You See What Happened In Bangor Maine?…


I travel a fair amount in Cleveland mostly in what use to be the solid middle calls areas, now turning into waste lands. The first think one notices is that not only are the manufacturing companies gone but so are the buildings; turned into “green” spaces. With what ever is left if you go in and talk with someone like yesterday when I paid for a wheel alignment and some other work the owner said I saw you are for Trump (I had a sticker in the car window) and you are a vet so I’m going to knock off $50. We had a nice chat and he told me that his wife, a Democrat, would never vote for Hillary for what she did to all Bill’s girl friends. She doesn’t so much like Trump as she hates Hillary. I think there are more like her than people think.

Jun 29 2016

Paul Nehlen Money Bomb Fundraiser…


I would really be nice if all of them were taken down but Ryan in particular should be voted out!

Jun 29 2016

Chairman Trey Gowdy and Select Benghazi Committee Press Conference…


As a former military officer in Special Operations familiar with the planning of operations I can tell you with 100% certainty that the state there were no assets “Close Enough” to be of assets is 100% BS. There are two reasons for the the most important one was the no one knew how long the battle would last. Number two is the military has rapid action forces stationed all over the world ready to go on a moments notice. The fact that no assets were sent means that Washington didn’t want them sent for even if they didn’t get there till it was over the attempt would have been made. Since no one in Washington knew how long the battle would last and they still did nothing it was strictly a politic decision to protect Obama and Hillary for their incompetence. Unfortunately we now have a military that we can no long trust as it is now only an extension of the Presidents personal servants. This is not the military i was in!

Jun 29 2016

The Rising Trend of Anti-Establishment and Civil Unrest


Armstrong Economics Blog

Re-Posted Jun 29, 2016 by Martin Armstrong

Military Exercises Civil Unrest

QUESTION: Mr. Armstrong; Your model on civil unrest and war seem to be rather amazing. The anti-establishment feeling is rising quite strong. Not sure what’s going on with Trump. It looks like the Republicans are still trying to prevent him from being the candidate. All the money is going to Hillary. Government is becoming very aggressive. It seems their police and military will turn against the people. Do you have anything showing this?

ANSWER: Every single government agency is arming itself. Even the IRS has AR-15 military-style rifles, and domestic agencies are armed to the teeth. In America, there are more domestic agents armed with weapons than there are Marines. There are more than 200,000 non-Defense Department federal officers authorized to make arrests and carry firearms. The federal government has tripled the number of agents carrying weapons to defend the government in the past 20 years. They know what is coming. They know the socialistic system they constructed is collapsing. Instead of reform, they are digging in their heels, prepared to plow down any domestic uprising. They have been staging military-like drills in U.S. cities against civil unrest. Obama imposed a “litmus test” on military leaders to ask if they would shoot civilians.

On the evening of Monday, August 18, 2014, the U.S. Army commenced military exercises in Minneapolis and St. Paul, Minnesota. MH-60 variant Black Hawk helicopters buzzed through the downtown and residential areas of the two Midwestern cities, as reported by CBS local news. This shocking event was actually a repeat of the August 2012 exercises we previously reported. The U.S. Special Operations Command conducted exercises until the beginning of September along with police from Minneapolis and St. Paul using helicopters, including Black Hawks.

They know what is coming. The establishment by no means wants to see Trump in the White House. His is not one of them and they fear he will side with the people and reform government, right down to the pervasive nepotism. We are in a battle with very high stakes.

Jun 25 2016

COLD ANGER – Entire Institutional Systems Will Be Dispatched Like a Feather In a Hurricane…


I see the same thing and I see support for Trump every where I go. No one that I know believes anything the medial puts out and even some on the other side are now getting worried — they do have kids as well so its getting personal not abstract. This has to play out if they try to stop the movement there will be a 2nd civil war in they don’t try to stop it and any Democrat gets in the Republic is finished. With all the changes that have been made over the past 15 years there is enough junk passed into law now that a President could easily become a dictator. Our only hope is the Trump gets in and fixes things — my only fear is that he doesn’t see how bad it really is.

Jun 24 2016

The Accomplishments of President Kennedy and President Obama


President Kennedy, a Democrat, started the program that put a Man on the moon!

moon 2

President Obama, a Progressive Democrat, started the process of putting men in the ladies rooms!

Bathroom

This is not progress this is regression …

Jun 23 2016

Update: McKinney Pool Party Case – Texas Grand Jury Delivers “No Bill” Decision – Officer Eric Casebolt…


Just like all the other ones there was nothing to any of the changers this is all made up and creating tension over basically nothing. This is by design by this administration to cause the problems we have. They want to change the form of government to a Fascist system where there is a supper strong central government that controls but does not own everything as does communism. Creating problem to upset the citizens gives them the license to make changes and the changes change the form of the government. This is not the first time and it will not be the last time but we did bring it on ourselves by not being vigilant.