Tag Archives: WEF Universal Basic Income

Sep 11 2019

Japan Still Declining into 2021


Armstrong Economics Blog/Japan

Re-Posted Sep 11, 2019 by Martin Armstrong

QUESTION: When I saw your blog saying 2019 will be really crazy and chaotic year for Japan (Feb 2019), I was curious how bad it could be. It is always amazing to see how you and your Socrates turning point manifest in the real world. I was astonished when Japan restricted exports of critical materials used in South Korea’s high-tech semiconductor industry right after G20 Osaka Summit. A trade war is generally initiated by a deficit country. This decision was not only opposite but might lead to devastate their own industry and disrupt the world IT markets. It seems to be a political stance for the upcoming Japan Upper House election but connects further deep into friction between Korea and Japan history. Insane year for Japan indeed, thank you for your great work and efforts providing new perspectives to the world.

Q: With all that sovereign debt how do you see the future of Japan will be?

HJ Kim

 

ANSWER: Our forecast was covering economics, which then causes political responses. As I previously reported, the Bank of Japan (BOJ) Governor Haruhiko Kuroda publicly stated that it may maintain ultra-low rates for a further period of well over a year. However, he also warned against the idea of propping up the economy through unlimited money or printing to finance government spending.

The Bank of Japan is trapped. Its holdings of the national debt have reached nearly 50%. The BOJ modified its forward guidance or pledge on how it will guide future monetary policy. It stated that current very low interest rates will continue at least until the spring of 2020. Without the BOJ buying government debt, there is ZERO hope that interest rates will rise dramatically and a financial crisis will be in the making. The BOJ will keep rates low for an extended period of time for they have no choice. There is no way out of this nightmare and the real inflationary cycle comes when the majority wake up and realize that the emperor has no clothes, and that means the central bankers worldwide.

There remains a capital flight from Japan and the more they keep these policies up, our model does not show that their economy will recover. We are looking at the absolute low perhaps forming as early and the middle of 2020 but more likely into mid-2021. This will prompt the Monetary Crisis to spark political change.

Sep 11 2019

Would the Bill of Rights Pass in 2019? Democrat Congressman Doubts It


143K subscribers

Democrat Congressman James Clyburn, SC, says he doubts the Bill of Rights would pass in 2019, because he meets many people who want to uproot it. Are our Constitutional guarantees in such jeopardy that “we the people” might tear them up? Would the first ten Amendments to the Constitution survive a clean up or down vote at the 2020 Democratic National Convention? Bill Whittle Now with Scott Ott comes to you free five times each week thanks to the contributions of our Members. They not only produce some four dozen shows each month, but write their own dynamic blog, filled with reasoned thought, civil dialogue, foundational principles, and frankly, lots of fun. Join them now at https://BillWhittle.com/register/
Sep 8 2019

Fixed Exchange Rates Have Always Caused Major Financial Crises


Armstrong Economics Blog/Economics

Re-Posted Sep 8, 2019 by Martin Armstrong

Margaret Thatcher on the ERM Crisis & why even the euro will f

Sep 7 2019

Teen Suspended for Gun Snapchat Before Trip to Range…with Mom!


Published on Sep 6, 2019

A Colorado teen gets suspended from school and investigated for posting a pic of his gun on social media, and expressing his joy about a trip to the range with Mom. Is there anyway to escape from the media’s gun panic? Do we have two Americas — one where impressive firearms are admired, and the other where every trigger triggers hysteria? Right Angle, with Stephen Green, Bill Whittle and Scott Ott, comes to you five times each week thanks to the liberty-loving Members at BillWhittle.com. You can join them today at https://BillWhittle.com/register/
Sep 7 2019

Study: Need for Chaos Drives Trump Supporters to Push Fake News


Published on Sep 6, 2019

 

Sep 7 2019

All Bob’s Money


Armstrong Economics Blog/Politics

Re-Posted Sep 7, 2019 by Martin Armstrong

 

Sep 6 2019

Currency Which Expires – That’s the Solution – Or Just Cancel it all?


Armstrong Economics Blog/Economics

Re-Posted Sep 6, 2019 by Martin Armstrong

Back during the Great Depression, there were people who theorized that gold hoarding was preventing economic recovery. There is always this same theory that people who save hoarding their money and are not spending it results in the lack of a recovery suppressing demand. This theory has been around for a very long time. It assumes a recovery is always blocked by people hoarding their money and saving for a rainy day.

Back during the American Civil War, the federal government issued paper currency for the first time after the Revolution. Much of this currency paid interest. Some were in the form of virtually circulating bonds with coupons for the interest payments. Some were backed by gold. Others offered a table on the reverse providing a schedule. The interest baring notes remained valid currency, but the interest expired within a specific time period. Hence, one would redeem the note since it would no longer pay interest beyond a specific date.

The rumbling behind the curtain I am hearing is a growing idea of making the currency in Europe simply expire. I have explained before that in Europe currency routinely expires – even in Britain. The United States has never canceled its currency so a note from the Civil War is still legal tender. But that is not the case in Europe.

Europeans are accustomed to having their money simply expire. This is not limited to paper currency. They also cancel the coins. The proposal being whispered in the dark halls of Europe is that perhaps the way to impose negative rates to force people to spend is to just cancel all the currency and authorize only small notes for pocket change. They want everyone to be forced to use bank cards and this is the new theory to revitalize the economy.

The chart patterns for the Euro are about as long-term bearish as one can imagine. The problem facing the world economy is this idea that they can even FORCE people to spend their savings recklessly as the government does. Canceling the euro may be a drastic and desperate step, but it is being proposed as an alternative to deep negative interest rates which have failed to work for more than 10 years. The middle ground proposes a paper currency with expiration dates.

Either way, the risk of a profound dollar rally remains in the wings. The powers behind the curtain desperately want to defeat Trump for they know he would NEVER cancel the American currency. To pull that off, they need a career politician. Joe Biden would be perfect. He might just sign whatever bill is put before him and then take a nap. It is ironic, but there would be a lot of Americans who would wake up and want Trump bank after that one. Joe would be too tired to tweet.

 

 

Sep 6 2019

The Club & Why the Majority Must be Always Wrong


Armstrong Economics Blog/Training Tools

Re-Posted Sep 6, 2019 by Martin Armstrong

QUESTION: Mr. Armstrong; I did my own research on the 1998 Russian collapse. All the big names lost billions. Even the New York Times reported that George Soros lost $2 billion. You were the only one who made money so it made sense that you were named hedge fund manager of the year in 1998. My question is this. Since all the big names were involved in the Russia trade which took down Long-Term Capital Management, is this why you call them the “club” for they all do seem to be involved in the same trade?

DU

ANSWER: Correct. This is also why they try to prevent people from listening to me. They are convinced that the reason they lost was that I was too influential and had too many institutions listening to me. That absurdity is what they ran to the government with, so I was then accused of “manipulating” the world economy. They all lost after I warned them and refused to join in their takeover of Russia I believe I was given the nod by the Clintons. They told me they had the IMF in their back pocket and they would continue to fund Russia. I warned them that the IMF got their funding from governments and they were not going to back it.

The Russian financial crisis hit Russia on the 17th of August 1998. Our World Economic Conference was held in London that June. Our forecast was then published by the London Financial Times on the front page of the second section.

They did not give up. After they got the Federal Reserve to bail them out, they then focused on setting up Yeltsin and got him to divert $7 billion in IMF loans. Even CNN reported the money was stolen from the IMF.

CNN Theft of IMF Money – Sep. 1, 1999

Edmond Safra’s Republic National Bank ran to the Department of Justice and then reported that a $7 billion money laundering scheme just went through Bank of New York. They attempted to blackmail Yeltsin to step down and appoint their guy; Yeltsin then turned to Putin. It was the US bankers, with the support of the Clintons, who first tried to interfere into Russian elections. This is why Putin was not friendly to Clinton and said Mueller could come to question anyone in Russia he liked, provided Russia could question Americans including Bill Browder who was Safra’s partner in Hermitage Capital.

While “The Forecaster” was shown even on TV throughout Europe, Canada, and Asia, the question is WHY was it banned in the United States? If it was just a conspiracy theory, they could care less. When something strikes closer to home, they ban it.

Sep 6 2019

The World through Everyone’s Eyes


Armstrong Economics Blog/Basic Concepts

Re-Posted Sep 6, 2019 by Martin Armstrong

COMMENT: Sir,

I appreciate that I may not always agree with what you write but I listen and examine and respect your viewpoint. You, in turn, have answered my many questions and discussed my comments with respect in return.

This makes me worry that the ability to discuss problems in a straightforward and thoughtful way may not be possible in the future.

Keep up the good work

F

REPLY: In order to be an international adviser, the very first lessons I learned was (1) listen to everyone, and (2) view the world through their eyes.

I was giving a lecture in Geneva to a small group of institutions back in 1982 but some had flown in from other countries. One was from Canada and the exchange was quite interesting. I had provided the forecasts on the individual currencies and then I moved to the commodities. The Canadian asked so he should be a buyer of gold and I said yes. The on Swiss institution said yes but your forecast on the Swiss franc would mean I would lose money.

When I looked at it in terms of each perspective it was clear. The rally in gold would be impressive only in US$ and CD$ so it was a buy for the Canadian and a sell for the Swiss. Indeed, the rally into 1983 was a strong rally for gold in US$ and CD$, but not in Swiss.

We all have a view and money to each of us is still a mental calculation based upon our home currency. To even do my job, I have to be able to see the world from all perspectives. We are all human and we will all act in our own self-interest.

My clients have trained me. Having to deal with many crises around the world forced me to see the world through global eyes. This is why MY DEFINITION of what constitutes a bull market is something which rises in ALL CURRENCIES!!!!! 

We will all never agree for we will always see things through our own pair of glasses. Never forget, others will respond in the same way.

My philosophy is very simple. There should be no law which compels others to act in a way I believe if correct provided their actions do not harm anyone else. I leave you alone and you leave me alone and we can all get along. I object to politics that seeks to exploit class warfare for historically that has ALWAYS, and without exception, led to civil wa

Sep 6 2019

President Obama Weaponized Government – Phase Two Was Positioned to Monetize Government…


Re-Posted from The Conservative Tree House on September 5, 2019 by 

Looking over how much corrupt Hillary Clinton dirt the intelligence community hid in the 2016 election, the big picture aspects deserve an expanded discussion.

In the larger picture it is clear the Obama administration weaponized the institutions of government to target his/their political opposition. It is also increasingly clear a Hillary Clinton administration would have monetized the U.S. government.

President Obama’s team used the DOJ, CIA, FBI and IRS to target their opposition.  The intelligence apparatus was weaponized; one small example that scratches the surface is the FBI/NSA database exploitation.  Black files on DC politicians, private sector groups and individuals facilitating leverage, and we are still seeing the ramifications.

When Patrick Byrne recently discussed his role within the  “political espionage” operations, he is describing this exact process; not coincidentally he also seems to have retreated into a safe-space.

Big multinational interests, Big Pharma, Big Ag, Big Global Banking interests, etc, were exclusively supporting both President Obama and candidate Clinton.  The domestic politics of the U.S. were/are tools toward an end; and, so long as the person occupying the oval office did not interfere with Big Club objectives, they too would benefit financially.

It is also obvious the opposition to President Trump, those who are really coordinating and manipulating the grassroots sheeple opposition, are these same multinational interests.

The college kid wearing a pink pussy hat is oblivious, but the executive offices of the Deep State FBI and Intelligence Community under James Comey, Andrew McCabe, or even Christopher Wray and AG Bill Barr are not; they know.

Additionally, the current occupants must also know that we know.  Likely a great many more people are aware of the bigger issues than ever before.  Perhaps this explains the dynamic of angst amid those same occupants.

Think about how much the DOJ and FBI did to protect candidate Clinton.

Obviously, in their down-time discussions, they would have discussed and recognized some benefit would be forthcoming.

No entity would go so far out on an obvious limb of corruption if they did not perceive some personal benefit on the horizon.

Think about how much leverage James Comey would have held over the institution of the Office of the President if they had succeeded.  If the sum total of dirt on Trump filled a bucket, by comparison Hillary Clinton owns a landfill.

Thousands of bills written by the multinational lobbyists were awaiting her arrival.  Think of the scale of multinational effort behind TPP (Asia), TTIP (Europe), Paris Climate Treaty (Global), etc.  Literally tens of trillions of graft and scheme within reach of those global financial networks; at the fingertips of the multinational Big Club,… until Donald Trump.

Think of the scale of wealth, all headed to the top of the pyramid, that President Trump halted.  Domestically, all of those lobbyist bills worthless on November 9th, 2016.  All of the DC politicians, sales people indulged to sell those bills, left teetering on the border of functional obsolescence….  It’s quite stunning to think about.

Thus, after the initial shock, all of those interests lashing out in rage; weaponizing every group they can muster.  Dispatching urgency to the corporate media forces. The pure unmitigated hatred that started immediately becomes much more understandable in this context.

Years of leftist planning led to President Obama’s ability to weaponize government without being held accountable in the process.  Years of assistance by corporate media allies, all building toward the same end goal.  How rich would Hillary and Bill have become by simply allowing phase two, “the monetization“, to proceed?

Remarkable to contemplate.

James Comey, Andrew McCabe, Eric Holder, Loretta Lynch, John Brennan, Susan Rice, Sally Yates, Denis McDonough, Valerie Jarrett and many more, all knew and anticipated the professional power and personal financial benefits that would have followed…

“Political Espionage“….

Mr. Patrick Byrne only barely touched the flame…