2020 Election Analysis: Sanders, Biden & Warren in 3-Way Tie for Second Place


Published on Aug 28, 2019

Bill Whittle Now analyzes the strengths, weaknesses, opportunities and threats offered by the Democratic presidential candidates now locked in a 3-way tie for second place (first in the hearts of their Democratic countrymen). Senators Bernie Sanders and Elizabeth Warren, and former Vice President Joe Biden, each come to the challenge of winning the Democratic presidential nomination with different advantages and handicaps. This 2020 election analysis comes to you free thanks to the Members who pay for it. In addition to providing dozens of new shows each month, they run a Members-only blog which fairly vibrates with reasoned thought, civil dialogue, time-tested principles and a lot of fun. Join us today and find your people at https://BillWhittle.com/register/

 

Martin Armstrong now in Asia with a Front Row Seat


QUESTION: How long will you be here in Asia?

PP

ANSWER: It is very interesting that we have clients on both sides of all these disputes here in Asia, except in North Korea. The great concern is that if China did send into Hong Kong troops, would they leave? Would this tip the scales of Hong Kong as a financial center? Will Thailand and Singapore continue to benefit from this shift in Asia. Then there is the India crisis.

This is very interesting because we have clients on all sides here. We have held WEC conferences in Hong Kong, Tokyo, Bangkok, and Singapore. So we have always been well entrenched throughout Asia and we are inside China where Socrates publishes forecasts each day on all the top Chinese stocks.

So we are here indeed with a front row seat addressing questions on each side from such diverse positions. It looks like this will be a while. We have a lot of clients in Asia.

 

Political Polarization – Are the Democrats Trying to Change American Politics by Opening Borders?


There are trends which have unfolded in politics that cannot be repaired and reflect the decline in confidence in the government which is dominating the future into 2032. We face not only the polarization of politics which is emerging into hate politics, but we are also witnessing the attempt to subvert the political system for political power.

The loss of Hillary in the 2016 election has set in motion such hatred it is unbelievable. She blamed Russia for her loss, Comey, Trump, and anyone else she could point to by herself. The polarization in American politics she set in motion has gone so far, that this is clearly contributing to the model’s forecast that not merely will the United States decline and fall, but we can see how the 2020 election is shaping up which will be a real political war.

All the media is on board and are in full swing to desperately try to defeat Trump. There has been no president in American history who has been so attacked it is really astonishing. The press is doing what they accused Russia of – trying desperately to influence the people for 2020. The problem with this has been the polarization of politics. It is boiling down to the point where this is all about retribution and vengeance. That is only inspiring the hatred on the other side. The recent threat of the Democrats to stuff the court with their people is just an example. So if they get control and put in 9 of their justices, then when the cycle swings and the Republicans gain control, they stuff in 20?

The 2020 elections will be the most violent we have witnessed since the ’60s. We can see the country being torn apart at the very seams. This nonsense of the Democrats to create open borders and then allow them voting rights is just off the wall. This is a political ploy to change the voting population to seize the power of the United States.

I have told the story of how I was given the mandate from Hong Kong to negotiate with Australia to try to first buy land for Hong Kong to move to create a new sovereign nation. I negotiated with former Prime Minister Paul Keating. I was getting nowhere. I suggested Hong Kong be allowed to set up in the northern territory and formally become a state within Australia and that was rejected. It was finally just frustrating. I asked if this was a racial thing since I could have paid off Australia’s national debt? The response was no! If they allowed the people from Hong Kong to migrate to Australia, they were fleeing Communism and would change the demographics in Australia and that meant they would never vote for Labour – which was his party in power. They feared allowing the people from Hong Kong to migrate to Australia would turn the country conservative.

Based upon my personal experience, I see this position of the Democrats in the same light. What they are really doing by allowing as many people in from South America is to hopefully change the political demographics. They believe these people would then vote Democrat and they will be able to crush Americans and impose all their policies that they have been unable to secure at the ballot box. AOC and Rep. Ilhan Omar of the squad go as far as making this even racial saying that it is people of color that are being denied access which is a code word for this entire battle over immigration.

The US has stiff immigration laws. We have people from many countries that work in the company and having to deal with visas just so they can come even to our US conferences requires explanations. We cannot hire someone from overseas to work in the USA without proving they have special skills we cannot find in the USA. So I know first hand what is involved and the problems. Yet AOC and the Squad want open borders with Mexico with no skills which contradict everything we have to do with people from Asia or Europe.

The Democrats in California have rejected any test for citizenship and have said that illegal aliens can not only enjoy the Sanctuary status of California but can even hold a position on government committees. It appears the way to secure power is to use immigration

Harry Reid Says 2020 Democrat Candidates Too Extreme on Healthcare and Immigration


Published on Aug 26, 2019

As the 2020 Democratic presidential candidates call for Medicare for all, decriminalizing illegal immigration, open borders and free healthcare for illegal aliens, former Senate Majority Leader Harry Reid says they’re too extreme, and will suffer for it at the polls. Will anyone listen? The Members at BillWhittle.com provided this episode, and about 48 others each month, with their Membership dollars. You can join them for as little $9.95/month right now at https://BillWhittle.com/register/

 

The Move To Amend Website where Jack Petsche gets his help from


The Move to Amend (MTA) movement was started in California by hard core progressives and it would seem it either came out of or was part of the occupy movement.. I would not be surprised if they were not also associated with directly or indirectly with Back Life’s Mater BLM  movement.  All of these and other like groups are designed to destroy social order o that that what a different kind of America and have their way. There is no good associated in any of these groups as they all have one one goal which is to create a socialist state with no limiting constitution. The following links are to various section on the MTA website.

https://movetoamend.org/about-us

https://movetoamend.org/board

https://movetoamend.org/brecksville-suppresses-will-voters-over-transparency

https://movetoamend.org/oh-cleveland

The goal of this movement is a socialist government which may start out with only a few changes but as we saw in Venezuela it turns bad quickly and if we allow that to take hold in America our grand kids will be living in a Marxist dictatorship my mid century.

https://en.wikipedia.org/wiki/Crisis_in_Venezuela

Democrats Threat to Stack the Supreme Court to Impose Their Views Upon the Nation


QUESTION: Marty; What is your opinion on the Democrats threat to stack the Supreme Court if they win the presidency?

SK

ANSWER: I believe that the Supreme Court should be restructured. The Constitution ONLY created the Supreme Court and Congress could not shut it down. However, all other lower Federal courts are statutory, created by Congress. It was Congress that unconstitutionally refused to expand the Supreme Court and instead, granted it the right to pick and choose what cases it wants to hear. This, in my opinion, violated the Constitution because it was the ONLY court created by the Founding Fathers and not expanding it to hear every case presented, to me means you are denied a tripartite government.

The lower courts know that the odds of ever being reviewed are slim to negligible. So people can be tortured, abused, and they do not have to comply with the law by any means. There is no rule of law because each circuit has its own rules and precedents. In theory, the Supreme Court is supposed to resolve conflicts between the circuits. But that is purely on a discretionary basis. This current structure means you are denied the right to Equal Protection of the Law when each circuit acts independently.

However, the Democrats’ threat to pack the Court if it doesn’t rule the way they want is a threat to intimidate the court which is in itself UNCONSTITUTIONAL. The very reason Justices are appointed for life is because the King would fire judges who ruled against him. So here we have the Democrats demonstrating that they seek to impose by dictatorial powers their view on the majority of the people even if they cannot win the votes of the people. That is an outright affront to the separation of power and the very principle of a Free Society.

The Democratic lawmakers have openly threatened the court with political retribution if it did not dismiss a gun-rights related case in which they submitted a brief in support of New York City urging the Supreme Court to dismiss a case involving the transportation of locked and unloaded handguns. The Democrats brief stated that “courts do not undertake political ‘projects,’ or at least they should not.” The Second Amendment is not political – it is the Constitution.

Clearly, this attempt by Democrats to intimidate the Court is outrageous and very dangerous. It demonstrates how and why the United States will decline and fall. There is no respect for the rule of law. The polarization in the country is just off the charts and this will undoubtedly lead to violence.

I believe the Supreme Court should be restructured, but I would add sub-justices and allow the Supreme Court to hire them on the recommendations of the American Bar Association (ABA) who should nominate unanimously each candidate – not Congress or any President. It should be life in prison for anyone to lobby the ABA from any outside group to select a particular candidate. There should be a lower tier of courts in the Supreme Court and then the Nine Justices sorts out any conflicts. This will give the ABSOLUTE Right to be Heard which is the foundation of Due Process of Law.

The Due Process Right to be Heard comes actually from the Bible. The basis is that of Cain and Able where one kills his brother and obviously God knew what he did. He still summons Cain to give him a Right to be Heard despite the fact he knows he is guilty.

And the Lord said to Cain, “Where is Abel your brother? And he said, “I do not know: am I my brother’s keeper?” And He said, “What have you done? Listen! your brother’s blood cries out to me from the soil. 11And so, cursed shall you be by the soil that gaped with its mouth to take your brother’s blood from your hand. 

Therefore, knowing that Cain killed Able, he still gave him a Right to be Heard which is the foundation of Due Process of Law. In my view, one can be tortured and abused in any Federal Court. If you are denied the Right to be Heard in the Supreme Court you will die denied everything that we ask citizens to defend in war with their lives.

What the Democrats are proposing is effectively the overthrow of Democracy and to impose one-party rule of law. This illustrates the importance of the 2020 elections. This polarization is going to explode in 2020.

A look at the voting records of individual justices clearly shows that they DO NOT rule on party lines. It was Chief Justice Roberts who upheld Obamacare as a Tax joining the Democrats when he was appointed by George W. Bush. It just does not work on party lines all the time.

Even a Justice appointed by a Republican would still uphold Roe v. Wade, 410 U.S. 113 (1973), was a landmark decision of the U.S. Supreme Court in which the Court ruled that the U.S. Constitution protects a pregnant because it cannot interject religion into the rule of law. What if the court became mostly Muslim? Would divorce then be up to overrule along with Polygamy, the practice of marrying multiple spouses?

Religion cannot be allowed to become the rule of law then you deny the freedom of religion no matter how much it offends someone’s individual beliefs. That’s God’s job to make those types of judgments. He will sort them out – not politicians.

Mortgages & Banks when times are bad!


QUESTION: Hi Martin.. thanks so much for all your world/economic content and perspective. I was reading a comment you made recently concerning real estate mortgages. In the comments, you suggested carrying a low fixed-rate mortgage rather than paying off the property.

My question is what happens when a financial institution goes bust. You’ve taken out a mortgage on your house and deposited the excess money from the mortgage in your bank account. Doesn’t this expose you to bankruptcy risk? If the bank collapses you could potentially lose what’s not covered by FDIC insurance. In one case the house is paid off and the money is out of the banking system. In the second case, the money is held in the banking system and is at risk. Or am I missing something?
Cheers,
Bob

ANSWER: If you have cash at a bank, then you have the risk of the bank failing. However, if you are the borrower and the bank holds the mortgage, then as long as you are current on your payments it cannot foreclose. It will typically sell its assets to raise cash so your mortgage could be resold to another bank or an investment pool.

The problem you will have in a crisis is that real estate is illiquid. When I was growing up, a friend of my father owned virtually the entire main street in town. I recall talking to him and he said that he bought the entire main street in town back in 1937 because he had cash and bought it for 10% of its 1929 value.

If you borrowed and have the cash on the side, you will be in a far better position to sell liquid assets and buy the house at a discount if the bank is in trouble.

Dollar Contagion & Trump


President Trump just does not understand the dollar. This old school idea that lowering the currency will increase domestic jobs and exports sounds logical, but the value of any currency is determined by the level of international confidence. It is absurd to think you can lower interest rates and the dollar will decline to support more exports. Nobody considered that you then wipe out pensions and force the elderly to work because they cannot live off the interest from the savings.

I really get tired being called into meetings over the same childish one-dimensional theories that it seems only an idiot would believe in. Trump has voiced his dismay over the strong dollar claiming U.S. manufacturers are at a disadvantage. “With substantial Fed Cuts (there is no inflation) and no quantitative tightening, the dollar will make it possible for our companies to win against any competition.”  I testified before the House Ways & Means Committee how the greatest deterrent to American exports are TAXES. An American company bidding on a foreign project must pay domestic taxes on worldwide income. A Germany or British company pays taxes ONLY on domestic business — not international. American companies are at a greater disadvantage because of taxes rather than the value of the dollar.

You would think that a child with a calculator could figure this out. Those in power just cannot bring themselves to address the issue because of class warfare is the main argument the Democrats use to inspire people to vote for them. I have been in meetings with Democrats and never will they listen because they do not know how to run for office without inspiring hatred of the rich and blaming them for every failure in their own policies. The only Democrat to ever listen to me was Governor Jim Florio of New Jersey who I debated at Princeton University. I pointed out that the poor and middle class have to pay income taxes and wait for a refund at the end of the year, so you are borrowing from the poor and middle class and cheat them on interest.

Many analysts believe the Federal Reserve will yield to the demands for a further rate cut at the September meeting. This is due to the world economy imploding outside the USA not simply because of Trump-bashing the Fed. We live in a world where we are in the midst of a Dollar Contagion that is impacting the entire world because SOCIALISM is collapsing outside the United States first.

Big Bang in Full Motion Set to Collide In a Real Mess


COMMENT: Marty,
The central banks tell us they will lower interest rates, even into negative territory, in order to stimulate the economy through bank lending. YOU tell this is an outdated theory that has NEVER worked and I believe you.
Surely the central banks persist will this excuse not because they think it will work but because they can use the theory as a smokescreen to hide the real reason.
The real reason is, I believe, that they are being leaned-on by politicians to keep rates low or negative because our governments cannot afford to pay higher interest on the massive debts they have accumulated over the decades and have never paid off.

AB

REPLY: You are correct. We warned that when the Economic Confidence Model turned in 2015.75, it would be the beginning of the Sovereign Debt Crisis. Today, the ECB owns 40% of all Eurozone public debt with no end in sight. They have destroyed their bond market. This cycle should collide with the Monetary Crisis Cycle, so we will have some very interesting times ahead.

We must separate the USA from the rest of the world. Europe especially cannot allow official rates to rise without blowing up the entire EU austerity move. The Fed was raising rates because that was the proper policy. He ran into stiff resistance from outside the USA because Europe left its banks with all the toxic bombs and cut rates hoping they would make enough money to cover their losses. This is why Deutsche Bank is in trouble and rumors are flying about HSBC.

But the Fed cannot stand against the entire world. The USA has the ONLY viable bond market. Lowering rates in the USA will also destroy the US bond market and then we are looking at a not so happy ending to the debt crisis.

Constitution Scholar Ocasio-Cortez Understands Democracy Better Than Republicans


Published on Aug 29, 2019

Rep. Alexandria Ocasio-Cortez, D-NY, understands democracy better than Republicans do because she wants to abolish the electoral college and choose the president by national popular vote, according to Jamelle Bouie in The New York Times. Rep. Dan Crenshaw, R-TX, says AOC doesn’t grasp the difference between a democracy and a republic. But did the Framers intend to establish rule by minority? Is AOC the leading Constitutional scholar of our day?