Posted originally on Feb 21, 2025 by Martin Armstrong
Martin,
I polls just like in the US are never correct. There’s no doubt that many Canadians suffer from Trump derangement, my guess is most Canadians still view the US in a favorable light.
As you are aware Canada really doesn’t produce very much any longer, we’ve become a very unfriendly Country to do business in. With the pending changes to the Capital Gains tax, it will completely kill small businesses.
I really believe what we are witnessing is a well executed plan to continue to decide the people and the media is the main propaganda tool.
The same people who control the media are the same people who are part of the evil and corrupt system?
SYSTEM OF CONTROL.
Crimes against Humanity.
You are not meant to think for yourself.
You are not meant to challenge their power [control].
Obey and accept.
Illusion of Democracy.
Illusion of Freedom.
Why does the media push division?
Why does the media incite violence?
Why does the media pit race v race?
Why does the media pit religion v religion?
Why does the media pit sex v sex?
Why does the media pit class v class?
Divided you are weak.
Divided you fight each other.
Divided you pose no threat to their system of control.
UNITY IS STRENGTH.
UNITY IS POWER.
UNITY IS HUMANITY.
Controlled media plays a major role in shaping the narrative(s) to keep you mpowerless [helpless] and asleep [unaware of truth].
Posted originally on Feb 21, 2025 by Martin Armstrong
The once strong alliance between Canada and the United States has come to an abrupt halt. More so than tariffs, Canadians were offended when President Donald Trump continually stated that America should absorb Canada as the 51st state. A recent poll found that over a quarter of Canadians now see the US as an enemy nation.
The Leger survey of 1,500 Canadians and 1,000 Americans found that 27% of Canadian respondents view the United States as an “enemy,” although 30% still consider the neighboring nation an “ally.” On the flip side, only 1% of Americans see Canadians as an “enemy,” with 56% believing they remain an “ally.”
Canadians from every political party expressed unfavorable views of Donald Trump. Overall, 74% of respondents do not see him in a favorable light. Conservative Party members were most likely to have a favorable view with 27% approving of the US president and only 18% deeming the US an “enemy.” Only 21% of Liberals and NDP supporters see the US as an ally, with 34% and 47% deeming America an “enemy” nation.
There have been calls throughout Canada to boycott American products. Amazon revealed it would be closing its Quebec warehouse, eliminating 2,000 jobs, leading to a widespread call among Canadians to boycott Amazon and cancel Prime memberships. Others are calling for a boycott on other American streaming services like Netflix and Disney.
Canadian consumers are boycotting American food items. I have friends in Canada who have said that US products have been sitting on the shelves at a discount as Canadians no longer wish to contribute to the US economy. Even certain coffee shops have renamed the “Americano” espresso drink to the “Canadiano,” and many have begun boycotting American fast food chains like Starbucks and McDonald’s. Some are calling for a travel boycott and urging fellow Canadians to vacation elsewhere for at least the next four years until Trump is out of office.
Anti-American sentiment will only rise if these tariffs go into effect. Trump told Canada that the US was subsidizing its economy and no longer considered it a vital trading partner. Americans would understandably take offense if another world leader suggested that Americans abandon sovereignty to join a foreign nation. The only positive is that this patriotic nationalism has repaired domestic tensions among Canadians amid much political turmoil.
Posted originally on Feb 13, 2025 by Martin Armstrong
The two states that are attracting the most investment capital and migration from the notorious Blue States of California and New York are none other that the two states without income taxes – Texas for computers and Florida for finance.
Trump’s announcement of his intention to transform the US into “the world capital of artificial intelligence (AI)” and what is now being called Stargate is said to be the largest project of its kind “by far in history” with the joint venture between tech firms OpenAI, SoftBank, and Oracle. This is said to be investing $500 billion in AI infrastructure over the next four years of the Trump Administration. Big tech is migrating from California and its Silicon Valley is moving brick by brick to Texas. They say 10 data centers are already under construction in the state, 10 more are on the way, and the project’s first one-million-square-foot data center will be based in Abilene in western Texas.
The flight out of New York has been underway since, especially with the COVID-19 pandemic. That was the final nail in the coffin of NYC. Wall Street executives have been shifting operations and jobs to Florida, fleeing New York City. Well over 200 financial firms have left, and some of the biggest fund managers. The shift is now over $2 trillion, showing no sign of letting up. The peak for NYC actually came in 2016, which was right on target with the 224-year cycle of political change from the founding of the New York Stock Exchange, which traces its origins to the Buttonwood Agreement signed by 24 stockbrokers on May 17, 1792.
Moreover, tax exemption for municipal debt could be chopped with the Tax Cuts and Jobs Act (TCJA) of 2017 slated to expire at year-end 2025. Tax loopholes will be high on Republicans’ legislative agenda. However, an extension or expansion of TCJA’s provisions could grow the federal budget deficit sharply. Tax-exempt municipal bonds date back to the earliest federal income tax in 1913 and have been a pillar of state and local project funding ever since. It is not that they have managed the debt efficiently. According to the National League of Cities, municipal bonds are a $4 trillion market and have financed approximately 75% of US infrastructure—with hospitals, schools, airports, water and sewer systems, public power facilities, and toll roads among the many beneficiaries.
Detroit went bankrupt in February 1933, before U.S. municipal bankruptcy laws were enacted, the city defaulted on its $350 million in outstanding debt (equal to $6.4 billion today). Many of its suburbs joined in the insolvency. On the American side of the border, Dearborn, Farmington, Pontiac and Royal Oak all defaulted; on the Canadian side, Windsor, Ont. went bankrupt. In fact, in Canada, East Windsor, Sandwich and Walkerville all were in default by 1934. A 1935 act of the Ontario provincial legislature consolidated these cities and their debts into contemporary Windsor, and the debt was slowly repaid. The tax free status in the US was also to overcome the defaults and suspension of debts during the Great Depression in addition to widespread defaults of nations in 1931 onward.
As this migration continues from the Blue States to the tax-free Red States, we will see a rash of defaults at the muni and state levels post 2026.
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