Jan 27 2021

China Becomes #1 Place for Direct Foreign Investment

Armstrong Economics Blog/China Re-Posted Jan 27, 2021 by Martin Armstrong

Because the West has decided to commit suicide economically to push this Great Reset and destroy the economy to BUILD BACK BETTER, they are fulfilling precisely what our model has been forecasting – that China will become the Financial Capital of the World post-2032. China has surpassed the United States for the first time as the #1 place for direct foreign investment. We warned last week that our capital flow models were picking up capital pouring out of Europe to China much of it investing in their bonds paying 3% compared to negative yields.

The actions taken by Biden in the first three days seems to be just intent on reversing whatever Trump had done from stopping the pipeline to ordering the end of construction of the wall as hundreds of thousands are now headed to the USA with rumors that Biden will grant citizenship to all illegal aliens inside the USA. They are headed to California in herds of mass migration. Never before in history has any president so drastically altered the direction of the country so unilaterally without any serious consideration for what the consequences will be long-term.

Biden fails to realize that there is a worldwide economy out there. The United States is not unlimited in its power. He has indeed shown that what our computer has been forecasting for years will indeed be absolutely correct. He fails to understand that China is strategically building its own consumer-based economy thereby severing the reliance upon the United States to sell its products. Germany never departed from its mercantile economic model. German citizens pay high taxes and as such, they are near the bottom of the European ladder for wealth. China is well aware that what made the USA great was its consumer-based economy. Germany never figured that out and relied always upon selling to everyone else.

China on the Rise Report where we laid out that it would surpass the United States as the financial capital of the world was published in 2018. We will be doing an update soon, but all the forecasts are on track and the West in committing economic suicide is merely accelerating the trend.

Mar 16 2019

The College Scandal

Armstrong Economics Blog/Corruption

Re-Posted Mar 16, 2019 by Martin Armstrong

Olivia Jade Giannulli (left) Lori Loughlin(center)

It is really interesting to see how many schools are bribed. There are even allegations against Yale. This all seems to be part of a propaganda conspiracy that you cannot get ahead in life without a degree. Most of the major billionaires who created major companies were all dropouts. Lori Loughlin and her husband, fashion designer Mossimo Giannulli, were arrested for allegedly participating in a college admissions bribe scam to get their two daughters into college. Their youngest daughter, Olivia Jade Giannulli, 19, a very popular YouTuber, spoke out about her dad’s former college experience in which he “faked” his way through his education. As they say, the truth emerges from the mouths of babes. She publicly stated in an interview with the Zach Sang Show on March 8th that she looks to her dad – who created the popular fashion line Mossimo – for “inspiration.” She continued:

“He didn’t come from a lot so it’s cool to see that he built it all himself,” she said. “He, like, built his whole entire brand and he wasn’t actually, like, I don’t know if I’m supposed to say this, ever enrolled in college. But he, like, faked his way through it and then he started his whole business with tuition money that his parents thought was going to college. That’s, like, such a different time. I don’t know if I was supposed to say that, but it’s okay.”

I have stated many times that while working around the world with major corporations, I have yet to meet anyone who is actually doing something in which they had a degree. Most CFOs seem to have engineering degrees. You cannot get a degree to be a hedge fund manager, President of the United States, a member of Congress, a state governor, mayor, race car driver, or CEO of a major company. There is not even a degree requirement to be a member of Congress. The real conspiracy is telling people they have no future life without a degree. This is the real scam: making money by burying the young in a lifetime of debt after paying for degrees that do not produce jobs.

Categories: Corruption