Will Rate Cuts Help Canada?


Posted originally on Sep 5, 2024 By Martin Armstrong 

The Bank of Canada building

The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor Tiff Macklem said that was reason enough to drop rates to attract investment.

“If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate,” Governor Tiff Macklem said in a prepared opening statement. Canada’s GDP grew at a faster rate than anticipated during Q2 after growing 2.1% vs the 1.8% forecast. Unemployment remains high at around 6.4%.

The bank acknowledges that these cuts will not impact the housing market. “With the share of CPI components growing above 3% now around its historical norm, there is little evidence of broad-based price pressures. But shelter price inflation is still too high. It remains the biggest contributor to overall inflation, despite some early signs of easing.”

Will these rate cuts cause any major changes in Canada’s economy? Absolutely not. In 2016 under the Liberal government, the total private debt of the Canadian public exceeded the total national GDP for the first time in history after reaching 100.7%. Canada’s national debt spiked to $1.501 billion USD in March of 2024, a $1.423.3 billion USD increase from March 2023. Gross debt was 117.2% of GDP in 2021, above pre-pandemic levels at 105.6^ in 2019. Half of Canada’s debt comes from the federal government while the other half is from provinces and local governments who have been given the green light to continue spending.

CanadaHouseholdDebt

Canada is deeply indebted and now ranks the third-highest nation in terms of household debt in the worldI reported in July how household debt exceeded 100% of GDP with no signs of slowing under the Trudeau Administration that recklessly spends with no end in sight. Switzerland and Australia are the only nations exceeding Canada’s debt levels. Government debt has SOARED in recent years, now exceeding C$1,139.98. This figure was only C$721.36 billion in 2020 before Trudeau used the pandemic as an excuse to bulk up social programs.

The population of Canada has exploded to the highest level in history thanks to open border policies. Canada, like all the other Build Back Better nations, has the funds to support every foreign interest and war while placing their citizens last. Rate cuts can do absolutely nothing when the government is borrowing against future generations.

Trudeau: Let Them Eat Donuts


Posted originally onSep 5, 2024 By Martin Armstrong   

I commend the restraint displayed by this Canadian citizen. Failed Canadian Prime Minister Justin Trudeau attempted to campaign to workers in Ontario who were utterly underwhelmed by his presence. Trudeau praised the 25% tariffs he placed on Chinese steel. “So that’s going to help me keep my job?” the citizen remarked.

No, tariffs NEVER work and the tariff on steel has only led China to retaliate. Trudeau’s Administration believes China’s “intentional, state-directed policy of overcapacity” is undermining Canada’s ability to compete and they plan to slap a 25% tariff on steel and aluminum from China, as well as a 100% tariff on EVs. China is the third-largest supplier of steel to Canada and Trudeau believes these tariffs “level the playing field for Canadian workers.”

China claims that this “will damage trade and economic cooperation” and “violated the WTO rules.” Over a million Canadians are actively seeking jobs and unemployment remains high. The central bank may have cut rates citing lowering inflation, but Canadian families certainly are not seeing their costs lowered. Canadians are struggling to find housing or to maintain the costs of their current homes. Demand far outweighs supply and the newcomers from foreign nations have tipped the scales.

Trudeau brushes off the comment from the citizen who is outraged that he pays 40% in taxes and lives the same life as his unemployed neighbor. This is how the world works under socialistic policies where equality voids hard work from the equation and does not amount to a better life. Canadians are watching their tax dollars being redistributed to those on social welfare programs. Billions are sent to Ukraine despite Canada having ZERO involvement in the Russia-Ukraine war. Healthcare and basic necessities have become luxuries under Justin Trudeau.

The people who created the problem cannot solve it. Canadians have watched their economy decline under Trudeau, not to mention a complete alteration of their society due to a rapid change in demographics. “I think you are only here for another year, we won’t see you around in another year,” said the steel plant employee told Justin Trudeau.

Trudeau continues to show no empathy toward the average Canadian. “He’s got the donuts! Excellent!” Trudeau said to end the conversation. Sorry that you cannot afford housing or to see a doctor despite giving the government nearly half of your paycheck. Let them eat donuts.

Hungary Fined for Limiting Asylum Seekers – Is it Time to Break Up with the EU?


Posted originally on Sep 4, 2024 By Martin Armstrong

 

The European Union has fined Hungary for failing to accept its delegated quota of migrants. Hungary has refused to pay the fine €200 million fine issued by the European Court of Justice (ECJ). Will this be the issue that finally breaks ties between Hungary and the European Union?

Hungary is constantly at odds with the elite in Brussels who wish to impose a one-Europe government over all member states. The EU has taken over trade, currency, and domestic law for each member. In June, the ECJ found the nation guilty of “unprecedented and exceptionally serious breach of EU law” for limiting the number of asylum seekers. “That conduct constitutes a serious threat to the unity of EU law, which has an extraordinarily serious impact both on private interests, particularly the interests of asylum seekers, and on the public interest,” the judges said.

HungaryBillboard.EU_.Soros_.VonLeyden

“It seems that illegal migrants are more important to the Brussels bureaucrats than their own European citizens,” Prime Minister Viktor Orbán stated. None of Orban’s policies align with Brussels and the EU has been actively ostracizing Hungary for its independent positions.

The fee has already been claimed as the European Commission plans to deduct the 200 million euros from Hungary’s portion of the European Union budget. Worsening relations, the ECJ is considering placing a 1 million euro DAILY fine on the member nation for ignoring the ruling, in addition to the 200 million it has already claimed.

The European Union is actively destroying Hungary’s economy. The EU has repeatedly sided with Ukraine over the ongoing oil dispute. Orban has been the target of unwarranted hate since he met with both Xi Jinping and Vladimir Putin to hold peace talks. EU diplomats and foreign affair officials boycotted  Hungary’s rotation to hold summits and discuss its ideas for the bloc. They claim each state is a member but they are willing to completely ignore and silence member states who do not blindly comply with Brussels.

Orban does not want to fund Ukraine or involve itself in the war against Russia – strike one. “My job is to convince them to shift from the pro-war policy to a pro peace policy,” Orban said. “They believe that they can destroy the military [of the] Russians … but I don’t believe this at all, because I know the Russians, I know the Soviet Union, I know the Ukrainians. I’m belonging to a neighboring country. I know the whole context. It’s impossible to find a solution on the battlefield, we will lose every day thousands of innocent people,” Orban told CNBC, also adding that “human life is the most precious thing we can lose,” citing the thousands who have already died in this endless war.

In addition to this, there are trade tensions between Ukraine and Hungary. Hungary and Slovakia are exempt from the EU ban on Russian crude oil. These landlocked neighbors are to receive oil through the Druzhba pipeline, but Ukraine has prevented these nations from receiving shipments. Lukoil may be the main supplier using this line, but Russneft, Tatneft, and Gazprom also utilize this line, leading Ukraine to intervene. Hungary is blocking aid to Ukraine as a result, but Brussels has repeatedly told Hungary it is in the wrong.

There is no European Union. There is a European authority within the pretend union that controls all members. The United Kingdom was wise to leave the EU when they had the opportunity, as this power-hungry bloc WILL become more tyrannical as the European economy turns down, war turns up, and member states begin to question the entire alliance. One must ask who actually benefits from the European Union’s regulations and absence of protections.

Average Americans With Maxed Out Credit Cards Can Settle With Companies For Pennies On The Dollar


Posted originally on Rumble By Bannons War Room on: Sep 2, 2024 at 07:00 pm EST

Kinsey: Tax Network USA Serves As A Buffer Between You And IRS To Protect Your Rights


Posted originally on Rumble By Bannons War Room on: Sep 2, 2024 at 07:00 pm EST

Your Comments


Posted originally on Aug 31, 2024 By Martin Armstrong 

Family Feud Dispute

COMMENT #1: Your article on families dividing is foretold in the Bible. In Mathew 10 it states:

“children will rebel against their parents and have them put to death.”

REPLY #1: Well, I suppose that more or less confirms the discord unfolding as we head into 2032.

Funding Wars

COMMENT #2: All wars require funding.

When Athens lost the Lavrio silver mines they melted the silver offerings at the temple of Athena in Acropoli. When this was finished they minted gold coins from what little they had. Finally they lost the war to Sparta.
Alexander was strained for gold until he conquered Susa and was able to continue the expedition.
When the Roman legions were left unpaid they revolted. They were promised loot and land from conquests and when no more new lands they were given Italian, till no more.
Byzantium at its decline needed mercenary armies who naturally demanded plenty of money.
They were bankrupt couldn’t afford them and lost.

What is different now?

Ukraine,judging by its bond rates, is virtually bankrupt.
Empty coffers,diminishing tax income and huge military expenses.

The already pledged collateral in the form of precious land and recourses is rapidly changing hands and the lenders are panicking.
If Odessa is lost their fate is sealed for ever.

The gullible who are sleeping in their armchairs being fed propaganda believe the war is about democracy and human rights when in reality it is nothing like that.

Those are the same geniuses who believed two years ago that Russia did not have enough ammunition or that it would fall apart by the Draconian sanctions imposed by western powers .

Let them then loan their own money to zelenski.
They ,for sure,will make happy the war machine profiteers.

As for the mothers losing their sons
who cares.

Worse is happening in Gaza.
They call it necessary casualties.

Madness or stupidity?
History will show.
If we are still alive…

P

REPLY #2: The historical success of tyranny always hinges on the support of the military. The number one lesson governments have learned is that you use troops who are not from the same region. When Yeltsin stood on the tank in Moscow and told the troops not to fire on their own people, they stood down, and the coup collapsed. They did not learn the historical less of the Nika Revolt of January 13th, 532AD.

Nike-Riot

According to the historian Procopius, around 30,000 people were killed. The Emperor was going to flee, and his wife told him there was a non-Greek legion outside Constantinople. They were called in to put down the revolt. Since they were not of that region, they hated the pompous Greeks. It was their opportunity to kill them.

BEWARE of these migrants. They are trying to fill the military with those who will relish the opportunity to kill citizens and get the spoils. They know what they are doing, and this is right out of the playbook on how to put down insurrections. It is also why they say Pelosi was reluctant to bring in the National Guard on January 6th because many feared they would have been armed Trump supporters.

Swiss Supreme Court

COMMENT #3:  We just lost the first Class A action ever – against the Swiss government in causa Corona measures, in front of an obviously corrupt Swiss Supreme Court.
Anyway was worth a trial..

State liability lawsuit dismissed due to Federal Council’s corona measures
The Federal Supreme Court has dismissed the lawsuit brought by around 10,000 people against the Swiss Confederation due to allegedly unlawful, freedom-restricting measures taken by the Federal Council in connection with the corona pandemic. The plaintiffs had demanded symbolic compensation of one franc each. The written justification for the decision made in the main hearing on Thursday, August 29, 2024 will follow at a later date.

Swiis Court Dismisses COVID Suit

Thrasymachus Quote

REPLY: The Supreme Court of Switzerland dismissed a class action suit against the government for restricting their freedom during COVID. No government will take responsibility for their actions. As Thrasymachus said 2500 years ago, justice is only the self-interest of those in power. Now, the World Health Organization wants to call another pandemic to push the agenda of a one-world government. They assume they will get away with it again.

Can the Dollar Survive a Civil War?


Posted originally on Aug 30, 2024 By Martin Armstrong 

Civil War

COMMENT: It appears that your forecast for an American Civil War will also materialize. You have pointed out numerous times. People make immediate decisions like conquering Iraq and never think what is the end result. They Have done the same with these illegals. Thank you for pointing out the stupidity of their actions. What will happen when the checks stop. And then they want to disarm us. What a combination.

REPLY: This will probably be the last election in the United States, for we will most likely split into three regional governments. We will deal with that at the upcoming WEC. There is no question that post-election violence will be extreme. Whenever you have this winner-takes-all system and political corruption unfolds, the LEFT is not seeking to govern the nation; they are seeking to oppress all opponents. You are witnessing what the LEFT is doing in the UK.

Video Pl

Here is Tony Blair’s apology. This is my point. They never think about what takes place after the rash action. This is what we will suffer because of the flood of illegals who are here for free everything vote Democrat. That is why they would NOT allow RFK to be in the Democratic primary. This has all been planned from the start. I told everyone that Biden would step down. They did the debate and ate their own, knowing he was mentally incompetent.

Democracies are supposed to be where people have the right to vote. The Democrats were denied the right even to select their candidate. This is tyranny, for Kamala was merely installed. She will sit down for a press conference but has to bring her VP. She was Border Czar, then put in charge of AI, probably because she should at least spell two-letter words. She was sent to the Munich Security Conference and repeated what the Neocons told her – Ukraine should join NATO, knowing this would poke the Bear.

2022 Gallup Government Poll

Typically, governments go into civil wars when there is a conflict that is culturally/ethnically, religiously, or racially driven, and we are now checking that box and just waiting for the election. We will face a rigged and contested election that neither side will accept. When there is no confidence in the government anymore, the ONLY resolution is always violence. History confirms this prognostication. How can there be such fantastic polls for Kamala, who never won a single delegate during the 2020 primary, and we look at the only real independent poll organization that shows confidence in Congress down to 7%?

It does not matter who wins. This election will NEVER be accepted, and it certainly will NOT unify the country. The Democratic Convention threw Trump’s name out 329 times. It was just a hate fest. That will ensure violence. The LEFT will never accept a Trump victory – NO WAY!!!!!

There is no belief that this election will be free and fair. The United States has declined into this dangerous characteristic that warns the country is far too divided to stand. I am concerned that the dollar may decline FOR THIS REASON. I want to think that reform is possible. Unfortunately, history tells us that when an empire, nation, country, or city-state is this divided, REFORM becomes possible only AFTER violence.

Can the Dollar Survive a Civil War?

We will focus on this at the WEC in November 8-10, which will be held in Orlando.

Categories:CIVIL UNRESTWAR

What Happens After the Election to Millions of Illegal Migrants When the Check Stop?


Posted originally on Aug 30, 2024 By Martin Armstrong 

MigrantCaravan

If we take the belief that the Democrats have opened the border to flood the country with illegal immigrants to alter the politics, and they give free healthcare and more money than you would get from Social Security to rig the 2024 election, what happens after the election? NOBODY asks, what then? When the checks stop coming, and they have no skilled labor to offer, will they then go on a rampage and start robbing Americans to get ahead since most do not speak English to get a job?

Kamala Border Policy

I know plenty of Mexicans. They have generally good family values and are often harder workers than most. The problem is that the people flooding into the country are only passing through Mexico. They do not often share the family values or the work effort of Mexicans. What happens when the checks and free healthcare end after the election, even if Kamala wins?

Columbus Expedition

We are all immigrants unless you were a native American called Indian because Christopher Columbus thought he bumped into India, which was his goal. But our ancestors came from Europe mostly seeking a land of opportunity when there were no handouts, welfare, or free healthcare to entice them to migrate. They came here to work, and most came to be able to own land, whereas, in Britain, you could only lease the land – not own it. That is what Britain had to hand back to Hong Kong. It was just a 100-year lease, known as a LONG LEASE. 

Freehold_Township_NJ

In New Jersey, there is even a township named “Freehold,” which dates back to that period when the land in America one could actually own and hand to your children. New Jersey’s name of its county legislative body, “Boards of Chosen Freeholders,” was rather unique in the United States. The origin of the name traces back to a law passed by the General Assembly of the Province of New Jersey on February 28, 1713/14. Many fled Britain to America so they could own land. Otherwise, the LONG LEASE system means that every 100 years, the next generation must pay for the property value all over again.

Now, the Democrats are toying with the idea of capping how much you can leave to heirs upon your death, for is it not “equity or fair” to allow one person to start in life with more than someone else? In Australia, some have argued this seems to be the origin of these ideas. Australia has the idea floating around whether superannuation balances should be capped.

Valens 1.5 Siliqua Head Left

In 376AD, the Huns swept across much of the northern regions of the Roman Empire, forcing the Germanic Goths to apply to Emperor Valens (364-378AD) for relief by allowing them to cross the Danube and settle peacefully within Roman territory. Valens, deciding that the Goths might provide at least a buffer against the Huns, agreed to the petition, and the Goths began a mass migration. We seem to be making the same mistake as the Neocons, who are keen to enlist these foreigners into the military in return for citizenship. We are inviting a similar disaster that followed the decision by Emperor Valens.

This migration came during a downward cycle in agriculture, and there was a serious food shortage. What we do know is that the Huns were driven to invade the East due to a major drought in Asia. The combined assessment of the archaeological, historical, and environmental evidence all confirms that the Hunnic invasion was driven by climate change that disrupted the economic organization of Asia and eventually engulfed Rome as well. Valens’ strategies to buffer against the invasion of the Huns certainly presented economic challenges not taken into consideration, as we seem to be repeating them again today.

1844 Phila Nativism Riot Againt Irish

Many Romans looked down on the Goths for they could not speak the language, and thus, few could not blend into society for employment easily. However, agricultural production also went through hard times thanks to droughts. Overall, Romans saw these migrants from the north as uncivilized and irrational – akin to just animals. We have this same deadly combination of a decline in agriculture intentionally initiated by the climate change zealots, and a NATURAL DISASTER that reduces our food supply will set in motion similar economic impacts that unfolded following the decision of Valens.

The migration of the Goths into the Roman Empire had a profound impact. Even our word today for “god” was derived from barbarians, not Romans. Proto-Germanic version of “gudą” is derived from the Goths’ Germanic language, “guþ.” So, the next time you pray to “God,” remember that it was a barbarian word – not Roman- which was “Deus” – the Latin word for “god” or “deity.”

Colorado Mayor Admits Police Have Lost Control of Part of Community to Venezuelan Illegal Migrant Gang “Tren de Aragua”


Posted originally on the CTH on August 29, 2024 | Sundance

In California roaming groups of military-aged illegal migrants have been caught trying to take control of school busses full of children [STORY HERE].  Parents of the children formed defensive perimeters to block the takeover, but the school districts are warning parents to be on alert.

Meanwhile, as a result of the Biden-Harris administration allowing millions of illegal migrants into our country, the Venezuelan prison gang Tren de Aragua has now taken over part of the suburbs of Denver, CO.  “Parts of the city are absolutely under this gang control. The local media is downplaying this. I believe politics is being played with people’s lives. … Nothing is being done to help the American citizens that are being trapped under this gang’s control.”- Aurora City Council Member Danielle Jurinsky said.

Aurora Colorado Mayor Mike Coffman confirmed to Fox News that part of his city is now under the control of criminal gangs from Venezuela. “So there are several buildings that are actually under the same ownership, out of state ownership, that have fallen to these Venezuelan gangs,” Coffman stated.

You’ve had a third of the country leave. You’ve had these massive waves of migrants coming across the border that many of them crossed the border illegally, were arrested, asked for political asylum, were not adequately vetted, were released into the country. The city of Aurora. We did everything we could to, quite frankly, keep them out of out of the city.”  See Video:

Aurora Police Dept Statement – “UPDATE: The city and Aurora Police Department, as previously stated, established a special task force in collaboration with other local, state and federal partners to specifically address concerns about Venezuelan gang Tren de Aragua (TdA) and other criminal activity affecting migrant communities. We are grateful that the Drug Enforcement Administration (DEA), a valuable federal partner, has acknowledged its ongoing work into TdA across the metro and appreciate the additional resources it provides to combat this issue. #APDNews

We are aware that components of TdA are operating in Aurora. APD has been increasingly collecting evidence to show the gang is connected to crimes in the area. However, as we have said previously and as the DEA similarly stated, it would be improper at this time for the city and APD to make any conclusory statements about specific incidents or provide details about law enforcement strategy and operations.

Based on our initial investigative work, we believe reports of TdA influence in Aurora are isolated. We urge all community members, including members of our migrant communities, to please report crimes committed against them to their local law enforcement agencies and not remain silent victims. Crime victims can report crimes anonymously by calling Metro Denver Crime Stoppers at 720.913.STOP (7867).

As always, information could change as the investigations continue at the local, state and federal levels.” (LINK)

We talked about this extensively in our “Slowly at First” discussion threads [EIGHT in the SERIES].

Have you ever boiled milk?  It happens slowly at first, then suddenly all at once….  Slowly at First (SAF)!

These events in the headlines were/are a predictable outcome from the Biden/Harris border collapse.

Everyone needs to have keen situational awareness at all times.

Safari Rules apply at all times.

Trudeau Acknowledges Migrant Crisis


Posted originally on Aug 29, 2024 By Martin Armstrong 

Trudeau Schwab

The migrant crisis in Canada has the nation in ruin. Home inventory has shrank to unseen levels as millions of migrants and foreign workers have caused a massive uptick in demand. Jobs are sparse, especially entry-level jobs, and over 1 million Canadians are out of work. More importantly, Canada’s population surpassed 41 million citizens, marking an all-time UNSUSTAINABLE high. Prime Minister Justin Trudeau would now like to make some slight adjustments to the temporary foreign worker legislation.

It is far too little, too late. These temporary workers are already in Canada and need jobs and accommodations. Still, new restrictions prohibit employers from hiring more than 10% of their total staff with foreign workers. Canada’s overall unemployment rate reached 6.4% in July. To bypass this fact, Trudeau is looking at unemployment on a city basis. Places where the unemployment rate is over 6% will not be able to hire foreign workers unless they are involved in agriculture.

“We need Canadian businesses to invest in training and technology, not increasing their reliance on low-cost foreign labour,” Trudeau said. “It’s not fair to Canadians struggling to find a good job, and it’s not fair to those temporary foreign workers, some of whom are being mistreated and exploited.”

Unemployment Rate

Justin, you were the one who opened the floodgates and allowed Canadians to be exploited. You condemned anyone who questioned your open-border policy as a racist. Then, you implemented the foreign worker program under the guise that newcomers were needed to fill high-skilled labor positions. The Bank of Canada reported that migrant unemployment reached 11.6% in June. The low-skilled positions held by non-citizens have multiplied from 15,817 in 2016 to 83,654 in 2023.

The youth are struggling to enter the workforce as a direct result of foreign worker policies. Citizens are struggling to find housing in every nation that has implemented open border policies. How do you expect to multiply your population in a short amount of time without drastic changes to infrastructure? Canada, the US, Europe, and others have told migrant to come, bring their entire extended families, and the government will provide them with shelter, food, all basic living necessities at the expense of their own people. Can we even blame the migrants for taking up such an offer?

Mass deportations are the only option to quell costs. Even if Canada were to close its border today, the population of migrants would still be too high for governments to sponsor. Failed leaders like Trudeau played a nasty game with the lives of innocent individuals who perhaps were seeking a better life through foreign worker programs. This measure is merely placing a cup of water on a fire that is burning down a city. Canada needs major reform and that cannot happen through the same people who created the problem.