tag:blogger.com,1999:blog-51294934577691340282024-02-23T03:05:28.345-08:00Investment DiaryYou can discuss and ideate economic and investment issues here.PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.comBlogger1408125tag:blogger.com,1999:blog-5129493457769134028.post-44217259845474240352024-02-23T03:04:00.000-08:002024-02-23T03:04:35.665-08:00NYC Out of Control – Giant Short!<p> </p><div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Feb 22, 2024 By Martin Armstrong</h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; text-align: center; vertical-align: baseline;"><a href="https://www.theepochtimes.com/us/new-york-ag-says-shell-sieze-trump-buildings-and-assets-if-he-cant-pay-355-million-penalty-5591597?utm_source=Goodevening&src_src=Goodevening&utm_campaign=gv-02-21-2024&src_cmp=gv-02-21-2024&utm_medium=email&est=AAAAAAAAAAAAAAAAYPAmZgcexs%2FP6bABsGpUArdp60QDJiACm8Bib%2BYmGMXzFfhJblswDgPhc3E%3D" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="NY AG Seize Trumps Assets" class="size-full wp-image-343197 aligncenter" decoding="async" fetchpriority="high" height="854" sizes="(max-width: 740px) 100vw, 740px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/NY-AG-Seize-Trumps-Assets.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/NY-AG-Seize-Trumps-Assets.png 740w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/NY-AG-Seize-Trumps-Assets.png?resize=260,300 260w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/NY-AG-Seize-Trumps-Assets.png?resize=600,692 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="NY AG Seize Trumps Assets" width="740" /></a><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Letitia James – the Destroyer of Worlds</span></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">NYC is totally out of control. These bogus charges were never brought against anyone, and there was no victim. This definition of fraud can be applied now to anyone in NYC. This is obviously an attempt to interfere in the 2024 election, for if Trump had not run for president, there would have been no such charges.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">New York is just so <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">UNAMERICAN</span> you can’t make this up. This radical Attorney General not only has Trump <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">BARRED</span> from running his own company, but they also appointed a former organized-crime prosecutor to manage the Trump Organization who has no business capability. The state is attempting to seize total control of the financial assets of Trump without a jury trial to shut him down to prevent him from running for office. Trump was denied the right to defend himself before a jury. They did that to my company, Princeton Economics. Their agent/receiver fired all the staff and then moved to shut it down. Then, their appointed receiver became a board member of Goldman Sachs while running my company from their boardroom. This was also all without any right to a jury trial.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Pittman-Letter.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Pittman Letter" class="size-full wp-image-343227 aligncenter" decoding="async" height="369" sizes="(max-width: 550px) 100vw, 550px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Pittman-Letter.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Pittman-Letter.png 550w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Pittman-Letter.png?resize=300,201 300w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Pittman-Letter.png?resize=165,110 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Pittman Letter" width="550" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">They alleged that $1 billion was missing. When I told them the bank stole the money, they said they believed the bank. Yet there was never any evidence that I had withdrawn money, and in the end, the bank had to plead guilty and repay my clients. Still, they used a fake allegation to seize Princeton Economics. They shut down all forecasting, which was their covert goal, and made up allegations that <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NOT</span> one member of the press questions except Mark Pittman of Bloomberg News, whom they promptly barred from writing about what they were doing. Trump is getting the same treatment.</p><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Welcome to NYC – not the Big Apple – the sewer of legal corruption.</span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Trump needs to file bankruptcy in Florida.</span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">That will move all his assets to Florida, and then he can save his companies.</span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">DO THAT NOW ASAP!</span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Then, SELL Everything in New York City. </span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NO court in New York will EVER uphold the Law. </span></h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Legally, it would require the Supreme Court to Intervene.</span></h2><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="2032 Sixth Wave" class=" wp-image-78780 aligncenter" decoding="async" height="289" sizes="(max-width: 386px) 100vw, 386px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png?resize=300,225 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png?resize=768,576 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/2032-Sixth-Wave.png?resize=600,450 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="2032 Sixth Wave" width="386" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">This is so outrageous; I fear that Trump’s case will be the catalyst for the decline and fall of the United States. We cannot possibly stand united as a nation under such an outrageous legal system. When the rule of law collapses like this, no nation has ever survived long throughout history. We can now see 2032 coming and why the computer has forecasted that there may not even be a 2028 election. They need to stop Trump because they are taking us to War, canceling the paper money, and taxing everything we do for climate change. At the same time, the WHO orders lockdowns and mandatory vaccines as they surrender our sovereignty.</p><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">New York City is Completely Out of Control</span></h2><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The integrity of assets is seriously under question. My sincere advice to Trump is to sell all of your NYC assets and get the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">HELL OF NYC!</span> Nobody should invest in anything in New York City, for there is no rule of law and, even worse, no separation of powers. It is a political dictatorship that you cannot fight for. <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NO</span> judge in New York City will defend the Constitution and go against their peers.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">While the trucker known as Chicago Ray started calling on truckers to boycott NYC, all they have to do is target someone, and they will routinely use taxes to go after innocent people as well as journalists if they do not cooperate. Chicago Ray has backed down yet, claiming, “<em style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">No one’s got to me … I heard what drivers were saying, and I’m hearing some of that today; I ain’t scared of s–t.</span></em>” I met a former executive from the NY Post who they put in prison because he would not yield to the Deep State. He explained they call with a “favor,” and if you do not comply, they come after you personally. In his case, they claimed he hired people who did not show up to work. New York City is beyond hope.</p><h1 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 32px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">SELL NEW YORK NOW</span></h1><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">I warned that Trump would <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> get a fair trial in New York City – I have <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> seen anyone <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">EVER</span> get a fair trial in New York City. When my case began, they brought it to New York when the accounts were in Philadelphia. They claimed there was the COMEX for the venue, so that was good enough even though currencies traded in Chicago. When my lawyer heard they filed the case in New York City, he said oh shit. I asked what was the problem. He said you don’t understand. <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">New York practices law differently.</span> Boy, did I find out.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Owen-Changing-Transcripts.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Owen Changing Transcripts" class="size-full wp-image-50445 aligncenter" decoding="async" height="215" loading="lazy" sizes="(max-width: 687px) 100vw, 687px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Owen-Changing-Transcripts.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Owen-Changing-Transcripts.jpg 687w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Owen-Changing-Transcripts.jpg?resize=300,94 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Owen-Changing-Transcripts.jpg?resize=600,188 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Owen Changing Transcripts" width="687" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Judges can alter the transcripts and change the words you speak in court. The Court of Appeals ruled they did not have the power to order the judges to obey the law (see <a href="https://www.armstrongeconomics.com/research/rule-of-law/united-states-v-zichettello/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="UNITED STATES V. ZICHETTELLO"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">UNITED STATES V. ZICHETTELLO</span></span></a> 208 F3d 72 (2d Cir 2000) at page 97). A federal statute <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">18 U.S. Code § 1519</span> defines that as a felony with <a href="https://www.law.cornell.edu/uscode/text/18/1519" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="20 years in prison"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">20 years in prison</span></a>. I forced Judge Owen to admit he was altering my transcripts, and the DOJ would not indicate him; the Court of Appeals lost my appeal <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">THREE TIMES</span> and then said I was out of time. The <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ONLY</span> reason they released me was because the Supreme Court agreed to take my case. So they released me and told the Supreme Court the case was moot. Otherwise, I would have died in solitary confinement.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="MF Global" class=" wp-image-343199 aligncenter" decoding="async" height="320" loading="lazy" sizes="(max-width: 709px) 100vw, 709px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png 942w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png?resize=300,135 300w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png?resize=768,346 768w, https://www.armstrongeconomics.com/wp-content/uploads/2024/02/MF-Global.png?resize=600,271 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="MF Global" width="709" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Glenn.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Glenn" class="alignright size-full wp-image-343198" decoding="async" height="280" loading="lazy" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/02/Glenn.jpg" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto; margin: 0px 0px 20px 20px; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Glenn" width="229" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Remember MF Global. That is when Judge Martin Glenn seized the assets of all clients to protect the banks that Jon Corzine was trading with. The trustee overseeing MF Global’s liquidation eventually confirmed that the amount of customers’ funds from the failed brokerage was at least $1.6 billion. This was the biggest financial crime, perhaps in history, far worse than Madoff. This is the outright theft of client funds sanctioned by the court, which protected all the bankers. Nobody was being called to account because MF Global, which was headed by former Goldman Sachs CEO, Senator, and New Jersey Governor Jon Corzine, was also protected. The client’s funds were illegally seized by the NY court and were used to cover the losses to the bankers completely in violation of the law.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">This collapse was the eighth-largest corporate bankruptcy in U.S. history. Corzine was never charged because he was one of them – a Democrat. The US Regulators investigated only whether MF Global tapped into client money from clients’ accounts as its financial condition worsened. They are ignoring the fact that it was trading with client money before the last few days. Brokerage Houses are required to keep customer money separate from the firm’s money, but that was simply not being enforced in the instant case. This is why having an account with a NY entity is highly dangerous – there is no rule of law in NYC.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">As an astute <a href="https://www.armstrongeconomics.com/uncategorized/the-investment-boycot-against-nyc-has-begun/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="lawyer wrote in"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">lawyer wrote in</span></a> about New York, he correctly pointed out that there is no rule of law, for it is a corrupt city with a “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">connection-based society</span>,” not a “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">contract-based society.</span>” Contracts mean nothing in New York, and this is why no bankers ever go to prison there. The courts will always rule against people for political objectives.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Rosenberg Ethel" class="wp-image-160422 aligncenter" decoding="async" height="303" loading="lazy" sizes="(max-width: 304px) 100vw, 304px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg 1100w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg?resize=300,300 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg?resize=768,766 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg?resize=1024,1021 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg?resize=600,598 600w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rosenberg-Ethel.jpg?resize=100,100 100w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Rosenberg Ethel" width="304" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Sobell-Morton.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Sobell Morton" class="size-full wp-image-160423 alignright" decoding="async" height="326" loading="lazy" sizes="(max-width: 206px) 100vw, 206px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Sobell-Morton.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Sobell-Morton.png 206w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Sobell-Morton.png?resize=190,300 190w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto; margin: 0px 0px 20px 20px; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Sobell Morton" width="206" /></a>In 1951, NY executed an innocent woman they KNEW was innocent. It was April 5th, 1951, when Julius Rosenberg (1918-1953) and his 35-year-old wife Ethel (1915-1953) were sentenced to death using this Espionage Act. Today, everyone concedes that his wife’s crime was simply being married to Julius. The prosecutors charged her, thinking it would force him to give up his contacts, which he never did, most likely because he had none.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">A co-defendant of Julius and Ethel Rosenberg, Morton Sobell (1917-2018), admitted for the first time that he was a Soviet spy on his deathbed at 91 after serving 30 years in prison but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets, but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Under our legal system, the Jury can nullify the conviction using <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">common sense</span> based on their own sense of justice. Our corrupt judges will never instruct the jury that they have that power. The JURY can <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">refuse</span> to follow the corrupt law and acquit a defendant even when the evidence presented seems to point to an incontrovertible verdict of guilt. Personally, I think the Jury should be told that they have the power to nullify a conviction as well as to direct charges and reprimand the prosecutor in such a case for his abuse of power.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="NO BID" class=" wp-image-150488 aligncenter" decoding="async" height="457" loading="lazy" sizes="(max-width: 583px) 100vw, 583px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png?resize=300,235 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png?resize=768,602 768w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/NO-BID.png?resize=600,470 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="NO BID" width="583" /></a></p><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;">All I can say is GET THE HELL OUT OF NYC before there is NO BID!</h2><h2 style="border: 0px; box-sizing: border-box; color: #171821; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 22px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">It’s a Sanctuary City, and Taxes will Only Rise to Pay for the onslaught of <a href="https://www.armstrongeconomics.com/world-news/immigratin/nyc-sanctuary-for-non-americans-all-others-pay-up/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="uneducated">uneducated</a> illegal migrants.</span></h2><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-71452683090802647002024-02-01T08:45:00.000-08:002024-02-01T08:45:03.877-08:00Programming<div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Jan 28, 2024 By Martin Armstrong </h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="IF THEN ELSE" class="size-full wp-image-194725 aligncenter" decoding="async" fetchpriority="high" height="124" sizes="(max-width: 785px) 100vw, 785px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png 785w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png?resize=300,47 300w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png?resize=768,121 768w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/IF-THEN-ELSE.png?resize=600,95 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="IF THEN ELSE" width="785" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> In the video that you just share about the Model, you explain that you programmed Socrates to look at the whole world and “analyze” (this is key) the word analyze, if I understand programming a computer is a a bunch of If then or For Next, how do you program a computer to “Analyze” something, I don’t mean to prey but is there another way to program a computer that I am not aware of?. You make it seem like Socrates has a super brain and is Analyzing on his own without following any rules, if that is the case, how can a computer do that.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Thank you for all you do, you really make my brain jump and my eyebrows get together not to mention all the frowning trying to understand the HOW.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">NM.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/RCA-Spectra-70.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="RCA Spectra 70" class=" wp-image-194746 aligncenter" decoding="async" height="314" sizes="(max-width: 575px) 100vw, 575px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/RCA-Spectra-70.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/RCA-Spectra-70.jpg 377w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/RCA-Spectra-70.jpg?resize=300,164 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="RCA Spectra 70" width="575" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> Programming is an art. Two programmers may write a program with the same end result, but their code is completely different. Even when I go back to look at the code I wrote, it is not easy. I have to clear my head and keep notes as to how I approached a problem at a particular junction. It is extremely complex, and I have to clear my mind. But to create Socrates, it required that (1) I understood trading and (2) I also had to understand how to program at the assembler level. A trader trying to communicate his experience to a programmer is like speaking a different language without a translator. When he does not understand, he screams louder as if that will make a difference.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">That simple line of code from BASIC, if then else, opened the door to everything. When I learned to code, it was before C language or anything else. We coded in assembler, and basic was a major advance. I wrote Socrates in BASIC and then optimized the code in assembler. The programmers I have today wanted to know why even all the data is in binary – not ASCII. I had to show them the way we used to code, and binary is so much faster.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/Assembler-Routine.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Assembler Routine" class="size-full wp-image-194827 aligncenter" decoding="async" height="523" sizes="(max-width: 363px) 100vw, 363px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/Assembler-Routine.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/Assembler-Routine.png 363w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/Assembler-Routine.png?resize=208,300 208w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Assembler Routine" width="363" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">All of these new languages that have come out compile their code back to assembler. They are higher levels to enable someone to understand coding better, but that code is then compiled to the assembler, and it then runs the computers. Most programmers today are unfamiliar with even how to optimize in assembler, as this assembler routine concerns file dates illustrated here. You have to understand the computer structure, and you are moving data (MOV) into registers to process it.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">You cannot program in assembler without understanding CPU Registers. The role of Registers in Computer Organisation and Architecture is vital. They are like a scratch pad. They play a fundamental role in computer organization and architecture by providing the processor quick access to data and instructions. They are a part of the CPU’s internal control unit, responsible for managing the workflow and coordinating the operations of different components of a computer system.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Roman-Oil-Lamp-Burning.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Roman Oil Lamp Burning" class="size-full wp-image-96020 aligncenter" decoding="async" height="334" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Roman-Oil-Lamp-Burning.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Roman-Oil-Lamp-Burning.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Roman-Oil-Lamp-Burning.jpg?resize=300,200 300w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Roman-Oil-Lamp-Burning.jpg?resize=165,110 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Roman Oil Lamp Burning" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">I did not code rules. As a history buff, I took energy; it moved from olive oil to whale oil to crude oil. So, I did not code some rule that crude oil is the only energy source. For all I know, 100 years from now, it could be Azuki beans.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Martin Armstrong Margaret Thatcher" class=" wp-image-78401 aligncenter" decoding="async" height="489" loading="lazy" sizes="(max-width: 679px) 100vw, 679px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg 1251w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg?resize=300,216 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg?resize=768,553 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg?resize=1024,738 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/Martin-Armstrong-Margaret-Thatcher.jpg?resize=600,432 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Martin Armstrong Margaret Thatcher" width="679" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">A human would consider interest rates, the stock market, taxes, and perhaps gold and currency to decide. Socrates correlates with absolutely everything. Is it a Super Brain? Perhaps. The reports it writes every day alone are over 1,000. There are not enough analysts in the world to match its output. I used it to restructure multinational companies. I became friends with Lady Thatcher because I directed companies that needed skilled labor to set up in Britain. The best tax deals for airlines I was sending to Ireland. The results from Socrates is far more than trading a single market.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="GMW Singapore Share Index Y" class=" wp-image-78554 aligncenter" decoding="async" height="892" loading="lazy" sizes="(max-width: 674px) 100vw, 674px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg 852w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg?resize=227,300 227w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg?resize=768,1017 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg?resize=773,1024 773w, https://www.armstrongeconomics.com/wp-content/uploads/2018/06/GMW-Singapore-Share-Index-Y.jpg?resize=600,794 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="GMW Singapore Share Index Y" width="674" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">It has so many ways of analyzing markets, and then it correlates them all from cyclical to the Global Market Watch (GMW), which is pattern recognition. It has cataloged over 100,000 different patterns. It is forecasting the entire world. In doing so, it is tracking capital flows. It even tracks real estate worldwide, interest rates, and politics.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Italy Real Estate Y 10 17 22" class="size-full wp-image-153335 aligncenter" decoding="async" height="421" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png 1909w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png?resize=300,123 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png?resize=768,316 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png?resize=1024,421 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png?resize=1536,632 1536w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png?resize=600,247 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Italy Real Estate Y 10 17 22" width="1024" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The Global Market Watch was developed back in the early ’90s for one of our major portfolio clients so they could look at an entire sector without reading every report. You have to understand when managing heaps of money, you have to be on top of the entire world. The fact that Socrates covers everything, once a client is familiar with how it works, it is the same system applied globally. We have been doing this since 1981 and have the longest track record. People know us for our consistent forecasts.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">This is not modern Machine Learning where you pray and hope the program will figure out how to trade all by itself. I had to put my own experience into this and teach it how to be an international hedge fund manager. You cannot leave it to chance.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/09/FT-June-27-1998-Rouble.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="FT June 27 1998 Rouble" class=" wp-image-164664 aligncenter" decoding="async" height="423" loading="lazy" sizes="(max-width: 414px) 100vw, 414px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/09/FT-June-27-1998-Rouble.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/09/FT-June-27-1998-Rouble.png 705w, https://www.armstrongeconomics.com/wp-content/uploads/2023/09/FT-June-27-1998-Rouble.png?resize=293,300 293w, https://www.armstrongeconomics.com/wp-content/uploads/2023/09/FT-June-27-1998-Rouble.png?resize=600,614 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="FT June 27 1998 Rouble" width="414" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">I had no idea it would forecast wars. That is why I was accused of manipulating the world economy; they argued I had too much influence. That is just absurd. No market can be manipulated in isolation. All the bankers blew up in 1998 with Long-term Capital Management because they thought they could manipulate Russia. They failed and blamed me for having too much “influence,” which is what they tried to buy.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Bryan-CrossOfGold.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Bryan CrossOfGold" class="size-full wp-image-44787 aligncenter" decoding="async" height="455" loading="lazy" sizes="(max-width: 541px) 100vw, 541px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Bryan-CrossOfGold.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Bryan-CrossOfGold.jpg 541w, https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Bryan-CrossOfGold.jpg?resize=300,252 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Bryan CrossOfGold" width="541" /></a></p><div aria-label="Audio Player" class="mejs-container mejs-container-keyboard-inactive wp-audio-shortcode mejs-audio" id="mep_0" role="application" style="background: rgb(34, 34, 34); border: 0px; box-sizing: border-box; clear: both; font-family: Helvetica, Arial, serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; position: relative; vertical-align: top;" tabindex="0"><div class="mejs-inner" style="border: 0px; box-sizing: border-box; font-family: Helvetica, Arial; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-controls" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; bottom: 0px; box-sizing: border-box; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; left: 0px; line-height: inherit; list-style-type: none; margin: 0px; padding: 0px 10px; position: absolute; vertical-align: baseline; width: 985.195px; z-index: 3;"></div></div></div><span class="mejs-offscreen" style="border: 0px; box-sizing: border-box; clip-path: inset(50%); clip: rect(1px, 1px, 1px, 1px); font: inherit; height: 1px; margin: -1px; overflow-wrap: normal; overflow: hidden; padding: 0px; position: absolute; vertical-align: baseline; width: 1px;">Audio Player</span><div aria-label="Audio Player" class="mejs-container mejs-container-keyboard-inactive wp-audio-shortcode mejs-audio" id="mep_0" role="application" style="background: rgb(34, 34, 34); border: 0px; box-sizing: border-box; clear: both; font-family: Helvetica, Arial, serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: inherit; margin: 0px; max-width: 100%; min-width: 241px; padding: 0px; position: relative; vertical-align: top; width: 985.195px;" tabindex="0"><div class="mejs-inner" style="border: 0px; box-sizing: border-box; font-family: Helvetica, Arial; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-mediaelement" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 985.188px; z-index: 0;"><mediaelementwrapper id="audio-194690-1" style="box-sizing: border-box;"></mediaelementwrapper></div><div class="mejs-layers" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="mejs-controls" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; bottom: 0px; box-sizing: border-box; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; left: 0px; line-height: inherit; list-style-type: none; margin: 0px; padding: 0px 10px; position: absolute; vertical-align: baseline; width: 985.188px; z-index: 3;"><div class="mejs-button mejs-playpause-button mejs-play" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Play" style="background-attachment: initial; background-clip: initial; background-image: url("/wp-includes/js/mediaelement/mejs-controls.svg"); background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Play" type="button"></button></div><div aria-live="off" class="mejs-time mejs-currenttime-container" role="timer" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-currenttime" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:00</span></div><div class="mejs-time-rail" style="-webkit-box-flex: 1; border: 0px; box-sizing: border-box; direction: ltr; flex-grow: 1; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px 10px; padding: 10px 0px 0px; position: relative; vertical-align: baseline; width: 32px;"><span aria-label="Time Slider" aria-valuemax="0" aria-valuemin="0" aria-valuenow="0" aria-valuetext="00:00" class="mejs-time-total mejs-time-slider" role="slider" style="background: rgba(255, 255, 255, 0.33); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; line-height: inherit; margin: 5px 0px 0px; outline: 0px; padding: 0px; position: absolute; vertical-align: baseline; width: 746.125px;" tabindex="0"><span class="mejs-time-loaded" style="background: rgb(255, 255, 255); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 746.125px;"></span><span class="mejs-time-current" style="background: rgb(0, 115, 170); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 746.125px;"></span><span class="mejs-time-hovered no-hover" style="background: rgba(255, 255, 255, 0.5); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0) !important; transition: height 0.1s cubic-bezier(0.44, 0, 1, 1) 0s; vertical-align: baseline; width: 746.125px; z-index: 10;"></span><span class="mejs-time-handle" style="border-radius: 0px; border: 4px solid transparent; box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform: translateX(0px); vertical-align: baseline; z-index: 11;"><span class="mejs-time-handle-content" style="background: rgba(255, 255, 255, 0.9); border-radius: 0px; border: 4px solid rgba(255, 255, 255, 0.9); box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: -7px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: -4px; transform: scale(0); vertical-align: baseline; width: 10px; z-index: 11;"></span></span></span></div><div class="mejs-time mejs-duration-container" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-duration" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:00</span></div><div class="mejs-button mejs-volume-button mejs-mute" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Mute" style="background-attachment: initial; background-clip: initial; background-image: url("/wp-includes/js/mediaelement/mejs-controls.svg"); background-origin: initial; background-position: -60px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Mute" type="button"></button></div><a aria-label="Volume Slider" aria-valuemax="100" aria-valuemin="0" aria-valuenow="100" class="mejs-horizontal-volume-slider" role="slider" style="border: 0px; box-sizing: border-box; color: #3d97d3; display: table; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 36px; line-height: inherit; margin: 0px; outline: 0px; padding: 0px; position: relative; vertical-align: middle; width: 56px;" target="_blank"><span class="mejs-offscreen" style="border: 0px; box-sizing: border-box; clip-path: inset(50%); clip: rect(1px, 1px, 1px, 1px); font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 1px; line-height: inherit; margin: -1px; overflow-wrap: normal; overflow: hidden; padding: 0px; position: absolute; vertical-align: baseline; width: 1px;">Use Up/Down Arrow keys to increase or decrease volume.</span><div class="mejs-horizontal-volume-total" style="background: rgba(255, 255, 255, 0.33); border-radius: 0px; border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 1px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 8px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 16px; vertical-align: baseline; width: 50px;"><div class="mejs-horizontal-volume-current" style="background: rgb(255, 255, 255); border-radius: 0px; border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 8px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 50px;"></div></div></a></div></div></div><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/11/SV-PUCK-Silver-Democrats-R.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="SV PUCK Silver Democrats R" class="size-full wp-image-124656 aligncenter" decoding="async" height="458" loading="lazy" sizes="(max-width: 317px) 100vw, 317px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/11/SV-PUCK-Silver-Democrats-R.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/11/SV-PUCK-Silver-Democrats-R.jpg 317w, https://www.armstrongeconomics.com/wp-content/uploads/2020/11/SV-PUCK-Silver-Democrats-R.jpg?resize=208,300 208w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="SV PUCK Silver Democrats R" width="317" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The Silver Democrats tried that in the 19th century, overvaluing silver, and they bankrupted the United States in 1896. That is when JP Morgan had to lend the US Treasury $100 million in gold. Overvaluing silver attracted silver to pour into the USA, which swapped it for gold that was then exported. Here is Puck Magazine, which shows the United States drowning in silver.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Everything will be arbitraged on a global scale. You cannot have gold at $2,000 in USA and $3,000 in London. They will buy the gold in NY and sell it in London. People who make up these manipulation stories have no real trading experience.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-18811888164113071162024-02-01T08:35:00.000-08:002024-02-01T08:35:08.845-08:00 Programming in the 19th century<div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Jan 28, 2024 By Martin Armstrong</h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="http://armstrongeconomics-wp.s3.amazonaws.com/2015/07/Music-Box-Coding.jpg" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="Music Box Coding" class="wp-image-35445 aligncenter" decoding="async" fetchpriority="high" height="415" src="http://armstrongeconomics-wp.s3.amazonaws.com/2015/07/Music-Box-Coding.jpg" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Music Box Coding" width="737" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">COMMENT</span></span>: Dear Marty,<br style="box-sizing: border-box;" />your blog post on programming and programmers having same results with different programs brings back memories. i went to high school in hawaii in the late 70’s and we had a mainframe and 2 courses for 2 languages, FORTRAN and assmebler. i took FORTRAN, the smart guys took assembler and we all did our programming on punchcards. woe to student who drop his stack of punch cards. it was almost better to re-type a new stack than to try resort them. there was a guy in the assembler class who was a kind of genius. there was a time he wrote a program in assembler for an assignment and his stack of cards was about less than an inch while others in the class had stacks that there 6+. when they turned in the assignment, the teacher look at his code and output (printed out of course) with this shocked look and said, oh, i guess you could do it like that! i would never have that kind of talent so i gave up programming and went the lawyer route. the logic is not quite the same but if you hum a few bars it rythmes.<br style="box-sizing: border-box;" />cheers,<br style="box-sizing: border-box;" />frank</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">REPLY:</span></span> OMG, you indeed bring back memories. Programming with punch cards predates computers for all the programmers writing in. This all began by recording on a cylinder with protruding nobs that when it revolved, the code embossed on the cylinder corresponded to the notes of a song. This is how music would play as the cylinder revolved. This was the forerunner to punch cards used in early computers to input data and run a rudimentary program.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a href="http://armstrongeconomics-wp.s3.amazonaws.com/2015/07/ibm-punchcard.gif" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="ibm-punchcard" class="size-full wp-image-35446 aligncenter" decoding="async" height="267" src="http://armstrongeconomics-wp.s3.amazonaws.com/2015/07/ibm-punchcard.gif" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="ibm punchcard" width="583" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">This idea of a punch system was also widely used throughout the 20th century for controlling textile looms during the Industrial Revolution. However, the idea first emerged during the 1700s with a musical snuffbox called<span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span><em style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">carillons à musique</span></em>. By the late 19th and early 20th century, this system controlled fairground organs and related instruments.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Punched cards were used through most of the 20th century in what became known as the data processing industry – the use of unit recording machines organized into data processing systems for data input, processing, and storage. This was the logical extension of its use in music and repetitive machines during the Industrial Revolution. Early digital computers employed punched cards that were prepared using keypunch machines as the primary input medium for both computer programs and data.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Even former Chairman of the Federal Reserve, Alan Greenspan, wrote:</p><blockquote style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; quotes: none; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><em style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“As I wrote programs using punch cards in the 1970’s. I’d used this technique myself, writing programs on punch cards at Townsend-Greenspan. It’s never entered my mind that such programs, extensively patched, might still be in use at the end of the century, I never bothered to document the work.” </span></em></p></blockquote><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Writing in Assember was cleaner and brief. It was difficult at first, but once you got the hang of it, it was faster than anything. I would write in BASIC back then, compile it to Assembler, and then optimize it to run as fast as possible. The programmers on staff today still marvel at an old DOS program I wrote, which runs in 640K, yet it swaps out sections of memory back and forth to maximize its use of memory, and it is still faster than anything written with today’s languages. That is all because the routines were in Assembler.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-12707351521189793512024-01-26T02:40:00.000-08:002024-01-26T02:40:01.966-08:00 The Student Loan Boycott<div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Jan 25, 2024 By Martin Armstrong</h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2019/02/Student-Loans.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Student Loans" class="size-medium wp-image-84856 aligncenter" decoding="async" fetchpriority="high" height="200" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2019/02/Student-Loans.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2019/02/Student-Loans.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2019/02/Student-Loans.jpg?resize=300,200 300w, https://www.armstrongeconomics.com/wp-content/uploads/2019/02/Student-Loans.jpg?resize=165,110 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Student Loans" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">President Joe Biden promised student loan cancelation during his initial presidential campaign. This became a big selling point for one-issue voters strapped with debt, but Biden likely knew this was a promise he could not carry out. The Biden Administration made a dent in the student debt crisis by forgiving around $127 billion, which means that tax payers at large will foot the bill. Three years have passed since student loan payments were paused due to COVID, and now, millions are refusing to resume payments.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Around 43 million borrowers now owe $1.63 trillion in student loans. Intelligent.com found that around 25% of student loan borrowers have not made a single payment since October 2023 when the grace period ended, and 60% have missed at least one payment since then. Why? Well, 69% state that they simply can no longer afford to pay off their debt. Around 9% said they are <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.intelligent.com/1-in-10-borrowers-who-havent-resumed-student-loan-payments-are-boycotting/" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="entitled to debt cancelation">entitled to debt cancelation</a></span> and will not pay a single penny as an act of resistance.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Boycotting student loans is asinine. Should people boycott their mortgages, car loans, or other debt that they deliberately agreed to take on? Lenders will not cave as this is simply business.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The on-ramp period will end in September 2024 and 18% have said they are waiting nine more months to resume payments. Do they realize their loans are still accumulating interest? They still need to pay the accrued interest before any of their payments go toward the principal. This period was merely meant to give borrowers a cushion from October 2023 to September 2024 to sort out their finances. The Education Department will begin reporting missed and late payments to credit bureaus in September.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Millions may see their credit scores ruined. Loans become delinquent after 90 days, and after 270 days, loans will go into default. The government will prevent anyone found delinquent from receiving future aid. Forget receiving any tax refunds. They will garnish wages, taking what they feel is necessary without factoring in your other monthly expenses. Still holding out on the student loan boycott? The government can take legal action against borrowers’ assets. You could lose absolutely everything.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Hillary-Students.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Hillary Students" class="size-medium wp-image-44586 aligncenter" decoding="async" height="300" sizes="(max-width: 231px) 100vw, 231px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Hillary-Students.jpg?w=231" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Hillary-Students.jpg 382w, https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Hillary-Students.jpg?resize=231,300 231w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Hillary Students" width="231" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">To the 69% who say they can no longer afford their loan, bankruptcy is no longer an option, thanks to politicians in the same party offering loan forgiveness without a plan. Former President Bill Clinton repealed the Glass-Steagall Act of 1933 in November 1999. This handed students to the banks on a silver platter as they could no longer discharge debt through the traditional bankruptcy process.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">September 2024 also happens to be when our models predict a massive rise in civil unrest and a potential <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.armstrongeconomics.com/world-news/war/limited-military-draft-september-29-2024/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="DRAFT">DRAFT</a> </span>at the end of the month. People wanting to boycott will lose absolutely everything if they abandon their loan payment responsibility. There are serious consequences for failing to repay your debts.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-29242328417945382182024-01-26T02:22:00.000-08:002024-01-26T02:22:10.329-08:00The Goths – Ancient Rome’s Migrant Crisis<p><span style="background-color: white; color: #697086; font-family: Merriweather; font-size: 14px; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit; text-transform: capitalize;">Posted Jan 26, 2024 By Martin Armstrong</span></p><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/GothMigration.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="GothMigration" class="size-medium wp-image-172490 aligncenter" decoding="async" fetchpriority="high" height="214" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/GothMigration.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2024/01/GothMigration.jpg 560w, https://www.armstrongeconomics.com/wp-content/uploads/2024/01/GothMigration.jpg?resize=300,214 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="GothMigration" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The globalists refuse to declare the migrant crisis an “invasion,” but we have history’s guidance to show us what happens when an unsustainable number of people enter a nation. The <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.armstrongeconomics.com/research/monetary-history-of-the-world/roman-empire/goths/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="Goths">Goths</a></span>, a non-military group considered migrants, are a perfect example. These men, women, and children sought refuge within the Roman Empire. This was not an invading army but rather a fleeing population seeking safety from the Huns. The Goths, long-time foes of the Romans, appealed to be admitted to Roman territory due to the threat they faced and needed to seek asylum. This event led to significant consequences and marked a turning point in the history of the Roman Empire.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The great Gothic migration involved hundreds of thousands of men, women, and children. While, to some degree, the growing unrest in the East pushed them southward, there is also little doubt that the border defenses of the Roman Empire had also been seriously weakened by the political instability and economic pressures that were building within Rome itself. Of course, the rumor of great plunder and riches available in Roman territory acted like a magnet much in the same way as the rumors of streets paved in gold in America prompted great European migrations during the 19th and early 20th centuries or the outdated stereotype of the American Dream.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Maximinus-I-235-238AD-AE-Sesterius-R.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Maximinus I 235 238AD AE Sesterius R" class="size-medium wp-image-50359 aligncenter" decoding="async" height="198" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Maximinus-I-235-238AD-AE-Sesterius-R.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Maximinus-I-235-238AD-AE-Sesterius-R.jpg 492w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Maximinus-I-235-238AD-AE-Sesterius-R.jpg?resize=300,198 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Maximinus-I-235-238AD-AE-Sesterius-R.jpg?resize=165,110 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Maximinus I 235 238AD AE Sesterius R" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">By 238 AD, the Gothic position was so threatening to the Roman Empire that Emperor Maximinus was forced to pay them vast amounts of tribute, similar to how countries currently pay all expenses for migrants. While his aim may have been to buy time, this demonstrated weakness on the part of the Romans, who were still in the middle of internal political struggles for power. Internal imperial rivalries ultimately defeated Maximinis. Within less than four years thereafter, the Goths began a series of raids along the Danube.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/PHILIP-I-AR-Antoniniany-Aequitas.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="PHILIP I AR Antoniniany Aequitas" class=" wp-image-168127 aligncenter" decoding="async" height="281" sizes="(max-width: 336px) 100vw, 336px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/PHILIP-I-AR-Antoniniany-Aequitas.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/PHILIP-I-AR-Antoniniany-Aequitas.jpg 592w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/PHILIP-I-AR-Antoniniany-Aequitas.jpg?resize=300,251 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="PHILIP I AR Antoniniany Aequitas" width="336" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">A decade later and Philip I attempted to quell the influx of migrants, but died while battling his successor, Trajan Decius. Rome was simply decaying gradually from internal struggles, which weakened the economy and constantly pitted one legion against another in a struggle for power. We see internal struggles today throughout the West as politics continue to divide the people. The Romans did not consider the Goths to be a force that would threaten the entire Empire, but rather more as a barbarian force looking for plunder rather than power.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Dacia-Map.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Dacia Map" class="size-medium wp-image-151036 aligncenter" decoding="async" height="236" loading="lazy" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Dacia-Map.png?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Dacia-Map.png 443w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Dacia-Map.png?resize=300,236 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Dacia Map" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Trajanus Decius declared the Goths an enemy and attempted to force them out of the empire, only for the masses to return a year later. The Goths were prepared this time and formed several strategic alliances with enemies, such as the Dacian Carpi. This led to a full-scale invasion, and the Roman Empire suddenly found itself besieged as war raged on in Moesia, Dacia, and even in Thrace, while the main body of the Gothic invasion was preparing a descent into the region of the Black Sea.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">After many battles, the Goths emerged as the new masters of the entire Danube territory, all the way to the Black Sea. Trebonianus Gallus emerged as the new Emperor who could do nothing to reverse the Empire’s humiliating defeat. The Goths now turned to Illyricum and Thrace, burning and plundering their way across the region. By 253 AD, the Goths set sail along the Black Sea, headed straight for Asia Minor, which was wide open and waiting to be plundered.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Aurelian-Walls-2.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Aurelian Walls 2" class=" wp-image-60381 aligncenter" decoding="async" height="268" loading="lazy" sizes="(max-width: 338px) 100vw, 338px" src="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Aurelian-Walls-2.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Aurelian-Walls-2.jpg 698w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Aurelian-Walls-2.jpg?resize=300,239 300w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Aurelian-Walls-2.jpg?resize=600,478 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Aurelian Walls 2" width="338" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The Roman Empire was declining until Emperor Aurelian came to power and began restorative efforts, including anti-immigration policies. He not merely launched defensive measures, he moved on the offensive against the Goths and demolished them through a series of battles. The Goths were driven out of the Balkans and into Dacia. Aurelian also greatly restored the Black Sea defenses, which helped those regions rebuild their economies as well. However, Aurelian failed to pursue the barbarians into the Roman province of Dacia, pulling back and establishing the new border once again along the natural border as originally defined by Augustus – the Danube.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/10/Aurelian-Gold-Bust.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Aurelian Gold Bust" class="size-medium wp-image-82074 aligncenter" decoding="async" height="300" loading="lazy" sizes="(max-width: 183px) 100vw, 183px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/10/Aurelian-Gold-Bust.jpg?w=183" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/10/Aurelian-Gold-Bust.jpg 314w, https://www.armstrongeconomics.com/wp-content/uploads/2018/10/Aurelian-Gold-Bust.jpg?resize=183,300 183w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Aurelian Gold Bust" width="183" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Aurelian’s decision to redraw the borders left Dacia in the hands of the Carpi and the Goths. Once the Goths were contained, they began to divide into two distinct groups – Ostrogothic and Visigothic kingdoms. These groups would evolve into powerful states that would ultimately bring down the Roman Empire in the West.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Those in favor of the Gothic migration stated that the newcomers would increase tax revenue and benefit the Roman economy. It was a humanitarian crisis and Rome’s responsibility to solve. Instead, the unsustainable influx of Gothic refugees contributed to the eventual fall of the Western Roman Empire. The event marked a turning point in Roman history and was part of a period in which the Roman Empire nearly collapsed under the combined pressures of invasion, civil war, plague, and economic depression. History always repeats.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-60338301494699636172024-01-26T02:13:00.000-08:002024-01-26T02:13:29.746-08:00 The Price of Dying – Repeal the Estate Tax<div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Jan 26, 2024 By Martin Armstrong</h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Angel-of-Death.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Angel of Death" class="size-medium wp-image-156080 aligncenter" decoding="async" fetchpriority="high" height="217" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Angel-of-Death.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Angel-of-Death.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Angel-of-Death.jpg?resize=300,217 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Angel of Death" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">They say the only two certainties in life are death and taxes. And taxes on dying if you’re in the US. That’s right, the luxury of death comes with a price in the land of the free, thanks to the death tax. Now, Republicans are working to introduce legislation that would allow Americans and their families to rest in peace, free of charge.</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="font-weight: inherit;">The</span><b> estate tax, or death tax, was first executed in the United States in 1916 as a means to generate revenue for the federal government. Supporters said it would address concerns about wealth concentration.</b><span style="font-weight: inherit;"> The tax has been rewritten and revised over the years and numerous states have imposed their own death tax on top of the federal one. This is not the same as the inheritance tax that directly taxes beneficiaries.</span></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="font-weight: inherit;">US Representative Randy Feenstra, a proponent of eliminating this absurd tax, believes this bill is hurting farmers in particular. I have heard <a href="https://www.armstrongeconomics.com/world-news/taxes/hillary-death-taxes/" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="similar sentiments"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">similar sentiments</span></a> from my own clients. People fled England to America to avoid government confiscation of property through taxation. </span><b>Britain has a 100-year land lease program whereby you pay the actual fair value of the property you bought outright. At the end of that 100 years, the next tenant must pay the full fair value once again. This is how the “rich” made their money keeping it in the family and never selling land. It is also why Britain was forced to hand Hong Kong back to China after 100 years.</b></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><b>People fled to America so they could actually pass property down to their children like the rich landholding families in Britain. This was the origin of the term “freehold” meaning you could actually own the land.</b><span style="font-weight: inherit;"> America was the land of opportunity because it was all freehold and people could for the first time rise from the poor rank to that of the rich by hard work, saving, and being able to create wealth for the family unit. This was the American Dream.</span></p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Failing to repeal this tax will change American agriculture. As Rep. Feenstra notes:</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">“Over 99% of our country’s two million farms and ranches and over 95% of our nation’s small businesses are owned and operated by individuals and families. <a href="https://www.timesrepublican.com/opinion/columnists/2024/01/permanently-repealing-the-death-tax/" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="In other words, the American economy is powered by mom-and-pop shops on main street and farms that have been in the family for generations."><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">In other words, the American economy is powered by mom-and-pop shops on main street and farms that have been in the family for generations.</span></a> Naturally, the federal government only sees these incredible farms and small businesses as potential sources of tax revenue, completely ignoring the sacrifice and labor that made these enterprises successful.”</p><p style="border: 0px; box-sizing: border-box; clear: none; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">This is one of the reasons why the wealthy in China are buying US farmland. The manner in which governments globally treat farmers is shameful. The government is not our next of kin; we do not save our entire lives to provide a better life for government.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-41088200136134289282023-12-28T20:37:00.000-08:002023-12-28T20:37:18.675-08:00Abraham Lincoln was never on the ballots in 10 states<p><span style="background-color: white; text-transform: capitalize;"><span style="font-family: Merriweather;"><b>Will the Supreme Court Save the Nation?</b></span></span></p><p><span style="background-color: white; font-family: Merriweather; font-size: 14px; font-style: inherit; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: inherit; text-transform: capitalize;">Posted Dec 28, 2023 By Martin Armstrong</span></p><div class="row about-us-page-wrap" style="border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><span style="color: black;"><img alt="supremecourt" class="size-full wp-image-91223 aligncenter" decoding="async" fetchpriority="high" height="486" sizes="(max-width: 720px) 100vw, 720px" src="https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg 720w, https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg?resize=300,203 300w, https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg?resize=165,110 165w, https://www.armstrongeconomics.com/wp-content/uploads/2019/10/supremecourt.jpg?resize=600,405 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="supremecourt" width="720" /></span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; text-align: center; vertical-align: baseline;"><a href="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/The-Supervisory-Power-of-the-Supreme-Court.pdf" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="The Supervisory Power of the Supreme Court"><span style="color: black;">The Supervisory Power of the Supreme Court</span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">This effort to prevent Trump from running for President is presenting a major CONSTITUTIONAL CRISIS. We have the extremely LEFTIST Supreme Court of Colorado ruling unconstitutionally that Trump should be barred from being on the ballot. Then we have the <a href="https://www.npr.org/2023/12/27/1221890971/michigan-supreme-court-rules-to-allow-trump-on-the-states-2024-ballot" rel="noopener" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="Michigan Supreme Court"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Michigan Supreme Court</span></a> ruling against Colorado. Now, the <a href="https://www.theepochtimes.com/us/trump-demands-maine-secretary-recuse-herself-from-ballot-challenge-over-jan-6-statements-5554022?utm_source=News&src_src=News&utm_campaign=breaking-2023-12-28-2&src_cmp=breaking-2023-12-28-2&utm_medium=email&est=eaW8IxBKNBZeTqb7BLVAQHDF26uBOoSH%2F72qS0cTeWavGeyGi2esrL6SKJvi7JaPOajt1g%3D%3D" rel="noopener" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="State of Maine"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">State of Maine</span></a>, another LEFTIST government, is also seeking to follow Colorado.</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">These Leftist Governments are planning to really destroy the Constitution in any way they possibly can. Not a single person on January 6th was criminally charged with the Insurrection Statute. Yet, these LEFTIST states are trying to use the 14th Amendment to block Trump from running when it has <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> been used even once in history against any Southerner.</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><span style="color: black;"><img alt="Khruschev Nikta" class="size-full wp-image-96347 aligncenter" decoding="async" height="472" sizes="(max-width: 1024px) 100vw, 1024px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg 1525w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg?resize=300,138 300w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg?resize=768,354 768w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg?resize=1024,472 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2020/02/Khruschev-Nikta.jpg?resize=600,277 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Khruschev Nikta" width="1024" /></span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">These states are fulfilling the warnings of Nikita Khrushchev (1894-1971). They are so anti-Constitution and are allowing this country to be flooded with people from South America who have traditionally been Marxists, which is why they have destroyed their own economies and are flooding into the United States for free food, clothing, healthcare, and to be taken care of for life as long as they vote for the Marxists here determined to destroy the US economy.</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Economy-Dying.jpg" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><span style="color: black;"><img alt="Economy Dying" class="size-full wp-image-89499 aligncenter" decoding="async" height="355" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Economy-Dying.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Economy-Dying.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Economy-Dying.jpg?resize=300,213 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Economy Dying" width="500" /></span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">Our model warns of a recession from May 7th, 2024, into 2028. As Chairman Powell of the Federal Reserve warned, this spending by Biden is “unsustainable,” and there may not even be an election by 2028. Democracy is all about letting the people decide. States are rigging the ballots so that no challenger in the Democratic primary may appear on any ballot, leaving no choice for Democrats but Biden. Then, they are trying to prevent Trump from running at all. This is not Democracy – it is totalitarianism.</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><span style="color: black;"><img alt="Lincoln House Divided" class="size-full wp-image-168284 aligncenter" decoding="async" height="405" loading="lazy" sizes="(max-width: 860px) 100vw, 860px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg 860w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg?resize=300,141 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg?resize=768,362 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Lincoln-House-Divided.jpg?resize=600,283 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Lincoln House Divided" width="860" /></span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png" style="background-color: white; border: 0px; box-sizing: border-box; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><span style="color: black;"><img alt="Will Supreme Court Save Nation" class="size-full wp-image-169847 aligncenter" decoding="async" height="87" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png 1313w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png?resize=300,26 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png?resize=768,66 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png?resize=1024,87 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/12/Will-Supreme-Court-Save-Nation.png?resize=600,51 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Will Supreme Court Save Nation" width="1024" /></span></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">I fear we have reached the end of the rule of law. If the Supreme Court strikes down these Marxist States, they will only claim it was a Republican Decision. The very idea of a “UNITED” formation of states can no longer be justified. The nation has become so deeply divided; as Abraham Lincoln once said, a house divided cannot stand. This is what we face as we move into 2032. The Supreme Court instigated the Civil War with the Dread Scott decision when they tried to defuse the potential for the Civil War.</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;"><span style="font-weight: inherit;">Emerson was Scott’s owner, and he allowed Scott to get married and left Scott and his wife in Wisconsin when Emerson traveled to Louisiana. Emerson died in 1843, and Scott attempted to purchase his freedom from Emerson’s widow, but she refused. Dread Scott argued that since he became a permanent resident in the federal territory of Wisconsin, which prohibited slavery, he became a freeman. The district court applied the laws of Missouri to find Scott was still a slave, and the Circuit Court of Appeals affirmed. It then went to the Supreme Court, in a hotly watched issue, then much as removing Trump from the ballots today. In a highly contentious opinion written by Chief Justice Taney, he held that persons of African descent were not citizens of the United States. The Court reasoned that, at the time of the ratification of the U.S. Constitution, persons of African descent were brought to the U.S. as property and, whether later freed or not, could not become U.S. citizens. With that decision, the Civil War became the solution. </span><span style="font-weight: inherit;">South Carolina, North Carolina, Mississippi, Florida, Alabama, Texas, Georgia, Louisiana, Arkansas, and Virginia. He did not receive any votes from the states that would later form the Confederacy besides Virginia, where Republicans secured 1% of the votes. History is repeating once again. Today, the Marxist-following states that do not believe in Equal Protection of the Law seek to remove Trump from their ballots as well to prevent him from becoming president, precisely as was done to Abraham Lincoln.</span></span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="background-color: white;">Regardless of how the Supreme Court rules, as in Dread Scott, one side will never support the outcome. It is questionable if the United States will ever be able to stand as one nation once again.</span></p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-76918031129468361832023-12-27T02:44:00.000-08:002023-12-27T02:44:47.507-08:00Revolution v Civil War - tripartite break up<p><span style="color: #697086; font-family: Merriweather; font-size: 14px; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: 700; text-transform: capitalize;">Posted Dec 26, 2023 By Martin Armstrong</span><span style="color: #697086; font-family: Merriweather; font-size: 14px; font-variant-caps: inherit; font-variant-ligatures: inherit; font-weight: 700; text-transform: capitalize;"> </span><span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;">| </span><span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;"><span class="bsf-rt-reading-time" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span class="bsf-rt-display-label" prefix="" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span><span class="bsf-rt-display-time" reading_time="3" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span> </span></span></p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Civil-Unrest-2023.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Civil Unrest 2023" class=" wp-image-160296 aligncenter" decoding="async" fetchpriority="high" height="274" sizes="(max-width: 365px) 100vw, 365px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Civil-Unrest-2023.png?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Civil-Unrest-2023.png 640w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Civil-Unrest-2023.png?resize=300,225 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Civil-Unrest-2023.png?resize=600,450 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Civil Unrest 2023" width="365" /></a></p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">A revolution cannot be used interchangeably with “civil war.” For you see, a civil war occurs when the people are divided and fight one another; a revolution occurs when the people join forces and overthrow the government. As indicated in the Oxford dictionary:</p><blockquote style="background-color: white; border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; quotes: none; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Revolution – a forcible overthrow of a government or social order, in favor of a new system</span></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Civil War – a war between citizens of the same country</span></p></blockquote><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Politics has successfully divided the nation, and the pandemic exacerbated the differences between the left and right. They have attempted to divide us by class – the haves and have-nots. We have the welfare state on one side and a select few amassing the majority of the world’s wealth on the other. The 99% in the middle are now fighting against one another, with some pushing for socialism to ensure we are all financially equally. As the saying goes, “You cannot multiply wealth by dividing it.”</p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Women Trump Protest Wall" class="size-medium wp-image-60380 aligncenter" decoding="async" height="200" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg 640w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg?resize=300,200 300w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg?resize=165,110 165w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Women-Trump-Protest-Wall.jpg?resize=600,399 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Women Trump Protest Wall" width="300" /></a></p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"> </p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">They have attempted to divide us through religion, as we even saw Soros-backed protestors entering churches during services. Traditional values have been demonized by the left, who believes those wishing to preserve their way of life are outdated. The nuclear family, pillar to any religion and society as a whole, has been destroyed. Monogamy has fallen out of popularity and birth rates continually decline. People on the far-right do not want abortion under any circumstance or same-sex marriage. The people on the far-left believe children should have the authority to change their gender, and there are hundreds of genders to choose from.</p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/transgenderaffirmingeducationLGBTQ.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="transgenderaffirmingeducationLGBTQ" class="size-medium wp-image-144555 aligncenter" decoding="async" height="300" sizes="(max-width: 248px) 100vw, 248px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/transgenderaffirmingeducationLGBTQ.png?w=248" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/transgenderaffirmingeducationLGBTQ.png 544w, https://www.armstrongeconomics.com/wp-content/uploads/2022/03/transgenderaffirmingeducationLGBTQ.png?resize=248,300 248w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="transgenderaffirmingeducationLGBTQ" width="248" /></a></p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">They have attempted to divide us through race. They implemented Critical Race Theory curriculum in the schools intended to create white guilt and anger among minorities. Kids don’t see race, but the schools ensure they do at a young age. Politicians on the left continually promise reparations, believing that people should pay for the misdoings of their ancestors even though only a tiny fraction of Americans had ancestors who owned slaves. The public school curriculum supports far-left ideologies and indoctrinates young minds to believe in a false reality.</p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/10/SocialJusticeWarriorMurdered.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="SocialJusticeWarriorMurdered" class="size-medium wp-image-164979 aligncenter" decoding="async" height="300" loading="lazy" sizes="(max-width: 235px) 100vw, 235px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/10/SocialJusticeWarriorMurdered.jpg?w=235" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/10/SocialJusticeWarriorMurdered.jpg 335w, https://www.armstrongeconomics.com/wp-content/uploads/2023/10/SocialJusticeWarriorMurdered.jpg?resize=235,300 235w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="SocialJusticeWarriorMurdered" width="235" /></a></p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">We saw the rise of movements like Black Lives Matter, where it was permissible to burn down cities with no legal repercussions in the name of civil rights. Then we have a disproportionate of number of Blacks in our prisons due to laws that were intended to target them. We saw a rising wave of hate against Asians after China was blamed for spreading COVID to the world.</p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Speaking of COVID, the pandemic did more damage to divide our nation than anything in recent history. People were forcibly separated and forbid to socialize with their own families. Religion was not enough of an excuse to avoid the vaccine or attend religious services. Countless small businesses failed and people lost their jobs, contributing to the class warfare crisis. The unvaccinated were demonized as the biggest threat to the nation and there were calls for their extermination. Everyone was forced to choose a side amid the pandemic.</p><div class="wp-video" style="background-color: white; border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; height: auto; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; vertical-align: baseline; width: 640px;"><span class="mejs-offscreen" style="border: 0px; box-sizing: border-box; clip-path: inset(50%); clip: rect(1px, 1px, 1px, 1px); font: inherit; height: 1px; margin: -1px; overflow-wrap: normal; overflow: hidden; padding: 0px; position: absolute; vertical-align: baseline; width: 1px;">Video Player</span><div aria-label="Video Player" class="mejs-container mejs-container-keyboard-inactive wp-video-shortcode mejs-video" id="mep_0" role="application" style="background: rgb(34, 34, 34); border: 0px; box-sizing: border-box; clear: both; font-family: Helvetica, Arial, serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 640px; line-height: inherit; margin: 0px; max-width: 100%; min-width: 217px; padding: 0px; position: relative; vertical-align: top; width: 640px;" tabindex="0"><div class="mejs-inner" style="border: 0px; box-sizing: border-box; font-family: Helvetica, Arial; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-mediaelement" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 640px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 640px; z-index: 0;"><mediaelementwrapper id="video-169719-1" style="box-sizing: border-box;"><video class="wp-video-shortcode" height="640" id="video-169719-1_html5" preload="metadata" src="https://www.armstrongeconomics.com/wp-content/uploads/2021/06/Schwab-Unrest.mp4?_=1" style="border: 0px; box-sizing: border-box; display: inline-block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 640px; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; vertical-align: baseline; width: 640px;" width="640"></video></mediaelementwrapper></div><div class="mejs-layers" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-overlay mejs-layer mejs-overlay-play" style="-webkit-box-align: center; -webkit-box-pack: center; align-items: center; border: 0px; box-sizing: border-box; cursor: pointer; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 640px; justify-content: center; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 640px; z-index: 1;"><div aria-label="Play" aria-pressed="false" class="mejs-overlay-button" role="button" style="background: url("/wp-includes/js/mediaelement/mejs-controls.svg") 0px -39px no-repeat; border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 80px; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 80px;" tabindex="0"></div></div></div><div class="mejs-controls" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; bottom: 0px; box-sizing: border-box; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; left: 0px; line-height: inherit; list-style-type: none; margin: 0px; padding: 0px 10px; position: absolute; vertical-align: baseline; width: 640px; z-index: 3;"><div class="mejs-button mejs-playpause-button mejs-play" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Play" style="background-attachment: initial; background-clip: initial; background-image: url("/wp-includes/js/mediaelement/mejs-controls.svg"); background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Play" type="button"></button></div><div aria-live="off" class="mejs-time mejs-currenttime-container" role="timer" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-currenttime" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:00</span></div><div class="mejs-time-rail" style="-webkit-box-flex: 1; border: 0px; box-sizing: border-box; direction: ltr; flex-grow: 1; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px 10px; padding: 10px 0px 0px; position: relative; vertical-align: baseline; width: 32px;"><span aria-label="Time Slider" aria-valuemax="44" aria-valuemin="0" aria-valuenow="0" aria-valuetext="00:00" class="mejs-time-total mejs-time-slider" role="slider" style="background: rgba(255, 255, 255, 0.33); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; line-height: inherit; margin: 5px 0px 0px; outline: 0px; padding: 0px; position: absolute; vertical-align: baseline; width: 424.938px;" tabindex="0"><span class="mejs-time-loaded" style="background: rgb(255, 255, 255); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(1); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 424.938px;"></span><span class="mejs-time-current" style="background: rgb(0, 115, 170); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 424.938px;"></span><span class="mejs-time-hovered no-hover" style="background: rgba(255, 255, 255, 0.5); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0) !important; transition: height 0.1s cubic-bezier(0.44, 0, 1, 1) 0s; vertical-align: baseline; width: 424.938px; z-index: 10;"></span><span class="mejs-time-handle" style="border-radius: 0px; border: 4px solid transparent; box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform: translateX(0px); vertical-align: baseline; z-index: 11;"><span class="mejs-time-handle-content" style="background: rgba(255, 255, 255, 0.9); border-radius: 0px; border: 4px solid rgba(255, 255, 255, 0.9); box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: -7px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: -4px; transform: scale(0); vertical-align: baseline; width: 10px; z-index: 11;"></span></span></span></div><div class="mejs-time mejs-duration-container" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-duration" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:44</span></div><div class="mejs-button mejs-volume-button mejs-mute" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Mute" style="background-attachment: initial; background-clip: initial; background-image: url("/wp-includes/js/mediaelement/mejs-controls.svg"); background-origin: initial; background-position: -60px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Mute" type="button"></button></div><div class="mejs-button mejs-fullscreen-button" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Fullscreen" style="background-attachment: initial; background-clip: initial; background-image: url("/wp-includes/js/mediaelement/mejs-controls.svg"); background-origin: initial; background-position: -80px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Fullscreen" type="button"></button></div></div></div></div></div><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">If the people were not divided, they would realize that government is pinning us against one another. The current administration took the Constitution and set it on fire. We are rapidly losing every single freedom from free speech, the right to bear arms, and even the most basic right to elect the people in positions of power who make decisions on our behalf. The government is the enemy – there will be a revolution once people realize their fellow neighbor is not the problem.</p><p style="background-color: white; border: 0px; box-sizing: border-box; clear: both; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">By the time we get to 2032, that will be the light at the end of the tunnel. Neither side will accept the results of the election if they bother to hold one at all. The USA will eventually break into three primary regions: 2) the South & Midwest Bible Belt will join together against, 2) the Northeast, and 3) the Pacific States will be their own la-la-land. The volatility will begin in 2024, but by 2032, the United States of America will be far from united.</p>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-9835071367461549102023-11-29T10:02:00.000-08:002023-11-29T10:02:27.948-08:00Data Analytical Services (DAS) – Hemisphere Project Expanded – Government Surveillance<div class="row" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Nov 29, 2023 By Martin Armstrong <span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;">| </span><span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;"><span class="bsf-rt-display-label" prefix="" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span><span class="bsf-rt-display-time" reading_time="2" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span> <span class="bsf-rt-display-postfix" postfix="minutes read" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span></span></h6></div></div><div class="row about-us-page-wrap" style="background-color: white; border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2021/08/Government-Spying-on-Everything.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Government Spying on Everything" class="size-medium wp-image-135810 aligncenter" decoding="async" fetchpriority="high" height="169" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2021/08/Government-Spying-on-Everything.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2021/08/Government-Spying-on-Everything.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2021/08/Government-Spying-on-Everything.jpg?resize=300,169 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Government Spying on Everything" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Snowden and others warned us. The US government has been spying on citizens at the federal, state, and local levels. Telecommunications company AT&T partnered with <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.wired.com/story/hemisphere-das-white-house-surveillance-trillions-us-call-records/" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank" title="Data Analytical Services (DAS)">Data Analytical Services (DAS)</a></span> to provide them with our digital footprints. The government is targeting everyone under the assumption that every American is a criminal.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">They speak of the Stasi as if that was a time long ago and forgotten. Trillions of phone records are in the hands of government permanently. AT&T received indirect financing grants for its participation in the mass surveillance program. The government could target a criminal, or their neighbors, relatives, someone merely in their phone contacts list, or even the victim of a crime. The local cop could ping in to see his girlfriend’s phone location, for example. Warrants are no longer required.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Surveilence.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Surveilence" class="size-medium wp-image-153299 aligncenter" decoding="async" height="169" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Surveilence.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Surveilence.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Surveilence.jpg?resize=300,169 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Surveilence" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">US Senator Ron Wyden wrote a letter of “serious concerns about the legality” of DAS to US Attorney General Merrick Garland, obtained by Wired. Wyden said the program “would justifiably outrage many Americans and other members of Congress.” The DAS has expanded after project Hemisphere, the previous government surveillance program that has been largely scrubbed from record. Obama began Hemisphere in 2013 and also partnered with AT&T for data-mining services. Trump reinstated and later halted the program, while Biden refunded and recharged the initiative. Hemisphere was simply renamed to DAS since the cover was blown.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2019/03/Big-Brother.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Big Brother" class="size-medium wp-image-86295 aligncenter" decoding="async" height="168" sizes="(max-width: 300px) 100vw, 300px" src="https://www.armstrongeconomics.com/wp-content/uploads/2019/03/Big-Brother.jpg?w=300" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2019/03/Big-Brother.jpg 641w, https://www.armstrongeconomics.com/wp-content/uploads/2019/03/Big-Brother.jpg?resize=300,168 300w, https://www.armstrongeconomics.com/wp-content/uploads/2019/03/Big-Brother.jpg?resize=600,337 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Big Brother" width="300" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">DAS operates under a program called HIDTA, which is dedicated to drug trafficking and the ongoing lost war on drugs. But they are not limited to tapping the phones of alleged drug dealers or buyers. DAS bypasses numerous laws by claiming they are not wiretapping citizens, which would require a warrant. They claim they are merely storing data instead of conversations. They are able to track locations using this data as well. “The scale of the data available to and routinely searched for the benefit of law enforcement under the Hemisphere Project is stunning in its scope,” Wyden’s letter to Garland says.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">The government also has access to our email history. They can search as far back as 1987 if that data is available. The program knows if someone switches numbers and everyone has the potential to be targeted. Technically, these law enforcement agencies need a subpoena, which is easy to obtain and often bypassed. Of most concern is that data exists, and the government has a verifiable way to track citizens’ whereabouts at all times without reason of suspicion.</p></div></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-42528690952961227002023-11-22T10:24:00.000-08:002023-11-22T10:24:20.720-08:00Germany the Crisis in the Making<div class="row" style="border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="col col-md-12" style="border: 0px; box-sizing: border-box; flex: 0 0 100%; float: left; font: inherit; margin: 0px; max-width: 100%; padding: 15px; vertical-align: baseline; width: 1410px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: normal; margin: 15px 0px; padding: 10px 0px 0px; text-transform: capitalize; vertical-align: baseline;">Posted Nov 22, 2023 By Martin Armstrong <span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;">| </span><span style="border: 0px; box-sizing: border-box; color: #2877ae; font: inherit; margin: 0px; padding: 0px; text-transform: lowercase; vertical-align: baseline;"><span class="bsf-rt-display-label" prefix="" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span><span class="bsf-rt-display-time" reading_time="2" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span> <span class="bsf-rt-display-postfix" postfix="minutes read" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></span></span></h6></div></div><div class="row about-us-page-wrap" style="border: 0px; box-sizing: border-box; display: flex; flex-wrap: wrap; font: inherit; margin: 0px; padding: 0px 0px 106px; vertical-align: baseline;"><div class="col col-lg-9 col-md-9 col-sm-9 col-xs" style="border: 0px; box-sizing: border-box; flex: 0 0 72%; float: left; font: inherit; margin: 0px; max-width: 72%; padding: 15px; vertical-align: baseline; width: 1015.2px;"><div class="page-content" style="background-color: white; border: 0px; box-sizing: border-box; color: #697086; font-family: Merriweather; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/international-news/germany/germany-the-crisis-in-the-making/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px 0px 64px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; color: #0f1c34; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: normal; margin: 0px 0px 8px; padding: 0px; text-transform: uppercase; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Germany PPI Energy Crisis 11 22 23" class="size-full wp-image-167852 aligncenter" decoding="async" fetchpriority="high" height="437" sizes="(max-width: 1024px) 100vw, 1024px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png 1917w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png?resize=300,128 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png?resize=768,328 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png?resize=1024,437 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png?resize=1536,655 1536w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Energy-Crisis-11-22-23.png?resize=600,256 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Germany PPI Energy Crisis 11 22 23" width="1024" /></a></div></div><div id="bsf_rt_marker" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">COMMENT:</span></span> Marty, Germany is following your forecast, and even the courts just ruled that moving money from one designated purpose to another is unconstitutional. When will Germany wake up? Ukraine is destroying Europe, and they were the culprits that blew up the Nord Stream to hurt Russia but did more economic damage to Germany. Then Zelensky wants us to keep handing him money after he was responsible for our energy crisis. It is just unimaginable how idiots occupy our government.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">AD</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; text-align: center; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/03/German-Federal-Supreme-Court.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="German Federal Supreme Court" class="alignnone size-full wp-image-47736" decoding="async" height="203" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/03/German-Federal-Supreme-Court.jpg" style="border: 0px; box-sizing: border-box; font: inherit; height: auto; margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 0px !important; max-width: 100%; padding: 0px; vertical-align: baseline;" title="German Federal Supreme Court" width="251" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">REPLY:</span></span> The high court in Germany ruled that the supplementary 2021 budget that they amended was a violation of the Basic Law and thereafter, unconstitutional. The court’s decision was interesting that the government failed to demonstrate the necessary connection between the COVID emergency and shifting it into the Energy and Climate Fund. Germany was then forced to freeze public spending for the balance of the year. Germany has a rule that limits the rise in debt by limiting the annual deficits because they still think that increasing the money supply created the hyperinflation of the 1920s – a very shallow linear analysis.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Germany PPI Array 11 22 23" class="size-full wp-image-167854 aligncenter" decoding="async" height="658" sizes="(max-width: 983px) 100vw, 983px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png 983w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png?resize=300,201 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png?resize=768,514 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png?resize=165,110 165w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/Germany-PPI-Array-11-22-23.png?resize=600,402 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Germany PPI Array 11 22 23" width="983" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">We have had a back-to-back Directional Change here in 2022/2023. We can see that the PPI is relaxing from the 2022 high, but 2023/2024 should be the low. We have a Panic Cycle in 2025, and from there into 2032, the damage of all this nonsense with Ukraine will destroy Europe and then the Middle East will engulf Europe internally.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Merkel-Welcome.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="Merkel Welcome" class="size-full wp-image-43507 aligncenter" decoding="async" height="250" loading="lazy" sizes="(max-width: 650px) 100vw, 650px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Merkel-Welcome.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Merkel-Welcome.jpg 650w, https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Merkel-Welcome.jpg?resize=300,115 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Merkel-Welcome.jpg?resize=600,231 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="Merkel Welcome" width="650" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Merkel’s decision to open the borders, as Biden has done, will undermine Europe and destroy its culture. Europe will not be the same after 2032. It is rapidly being transformed into the old Ottoman Empire conquered this time from within. The religious violence has already begun, and this is where the entire Middle East conflict will spill over into the rest of the world.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="1524 Peasants War Protestant Reformation Eticing 2" class="size-full wp-image-167857 aligncenter" decoding="async" height="653" loading="lazy" sizes="(max-width: 928px) 100vw, 928px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png 928w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png?resize=300,211 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png?resize=768,540 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1524-Peasants-War-Protestant-Reformation-Eticing-2.png?resize=600,422 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="1524 Peasants War Protestant Reformation Eticing 2" width="928" /></a></p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;">Europe has been engulfed in religious wars many times. Even Communism was a religious war, whereby it was atheism. Even the French Revolution involved seizing all the property of the Catholic Church and Napoleon even imprisoned the Poper. This is precisely on time, for it is 340 years from the last attempt of the Ottoman Empire to conquer Europe in 1683.</p><p style="border: 0px; box-sizing: border-box; clear: both; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 28px; margin: 0px 0px 20px; padding: 0px 0px 20px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1683-Siege-of-Vienna-Medal.jpg" style="border: 0px; box-sizing: border-box; color: #3d97d3; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="1683 Siege of Vienna Medal" class="size-full wp-image-167856 aligncenter" decoding="async" height="389" loading="lazy" sizes="(max-width: 717px) 100vw, 717px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1683-Siege-of-Vienna-Medal.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1683-Siege-of-Vienna-Medal.jpg 717w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1683-Siege-of-Vienna-Medal.jpg?resize=300,163 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/11/1683-Siege-of-Vienna-Medal.jpg?resize=600,326 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin: auto; max-width: 100%; padding: 0px; vertical-align: baseline;" title="1683 Siege of Vienna Medal" width="717" /></a></p></div></div><div class="articleCategoryTags" style="align-items: flex-start; background-color: white; border: 0px; box-sizing: border-box; display: flex; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 64px 0px; vertical-align: baseline;"></div></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-40569763973295881622023-08-26T01:43:00.000-07:002023-08-26T01:43:01.442-07:00How to Socialize a Nation – Divide & Conquer<p> </p><p><span style="background-color: #f2f2f2; color: #373737; font-family: Montserrat, Arial, Verdana, sans-serif; font-size: 12px; text-align: right;">Posted Aug 25, 2023 by Martin Armstrong</span></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">COMMENT:</span></span> The Other Plan? | Trudeau, his Dad Pierre Elliot and Selfsame Joe Biden Socialist Goals. | “Every Time I Think of it I Get Mad.”<br style="box-sizing: border-box;" />“Many Years Ago there was a book entitled Social Purpose for Canada, each chapter was written by a different person, one chapter was written by Pierre Elliot Trudeau. And this book was outlining how they could socialize Canada. Make it a social nation. You know what the plan was? Here’s what they said, “We can’t socialize Canada as long as Canada is strong and united.” “We must Balkanize Canada before we can socialize Canada.” That was the plan; and Trudeau worked at it. You know when he was giving millions of dollars to various groups in Canada he wasn’t doing it from the write motive. His motive was to socialize Canada and that’s really what went on. The average Canadian doesn’t know that. I heard about this book, got it at a library and read it and I was shocked to see what the plan was and how they’re working this plan &#91;to] Balkanize Canada split it into small groups. Then they said we can socialize these small groups one by one and eventually get the whole country. This was the plan. Every time I think of it I get mad.” Bill McLeod, Canadian Revivalist (1919-2012) comment on Trudeau re: Social Purpose for Canada by Michael Oliver. Published: December 1961.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">RB</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.theepochtimes.com/mkt_app/us/exclusive-transgender-coach-changes-in-locker-room-with-shocked-pennsylvania-high-school-students-5476079?utm_source=News&src_src=News&utm_campaign=breaking-2023-08-21-2&src_cmp=breaking-2023-08-21-2&utm_medium=email&est=0lAMF7WV8FOLqAV5mBes6fItb1kAIIubGZ1gi96fGYeGsqoiWKDumRqDnzogANvlPb068w%3D%3D" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="" class=" wp-image-163657 aligncenter" decoding="async" height="629" loading="lazy" sizes="(max-width: 620px) 100vw, 620px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever.png 901w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever-296x300.png 296w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever-768x779.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever-300x304.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever-600x609.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Transgender_Whichever-100x100.png 100w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="620" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">REPLY:</span></span> The <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">LEFT</span> knows very well how to take over a country. They did that in Russia and China. You divide the people into groups and turn them all against each other. The transgengers in the US are 0.04%, yet you would think that they are the majority. Here you have a male coach going into the girl’s locker room to change because he claims he identifies as a woman. If I did that, I would be arrested. So if I say I identify as a woman, that means it’s OK? What about the rights of privacy of the girls in the locker room? They already can no longer dream of getting to the Olympics because some guy claims he is now a woman.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/shutterstock_1844833723.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-159548 aligncenter" decoding="async" height="351" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/shutterstock_1844833723.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/shutterstock_1844833723.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/05/shutterstock_1844833723-300x211.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">As I have said, there are plenty of transgenders in Thailand since it is the sex-change capital of the world. It is no big deal because they are also respectful and call themselves ladyboys. Here, they are being used to actually divide the country and create the exact opposite of what they have been manipulated to do – create disunity – not equality. Here we can no longer define a woman, and soon Mother’s Day is to be Birthing Person Day. This is part of the LEFT agenda. Divide the nation into race, genders, left, right, and PREVENT unity. When everyone is divided, then they will not join together to rise up against the real enemy – those manipulating society pretending to be elected officials.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Julius-Caesar-divide-and-conquer.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-163656 aligncenter" decoding="async" height="349" loading="lazy" sizes="(max-width: 608px) 100vw, 608px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Julius-Caesar-divide-and-conquer.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Julius-Caesar-divide-and-conquer.jpg 608w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Julius-Caesar-divide-and-conquer-300x172.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/08/Julius-Caesar-divide-and-conquer-600x344.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="608" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">This is the oldest strategy. If you divide the people, then they can be conquered. It is as simple as that. Julius Caesar was able to conquer Gaul despite being outnumbered more than 10 to 1 because the Gauls never united until it was too late. Even in the final battle during September 52 BC, Julius Caesar sealed his fate as a legendary military commander at the Battle of Alesia, where his army of 50,000 Romans defeated 200,000 Gauls in what is now modern-day Burgundy, France. The Celtic tribes were never united. Caesar defeated the Belgae tribes as well as the Helvetia. Had they all united, Caesar surely would not have conquered Europe. Hence, keep your opponents divided, and you will win.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-122812 aligncenter" decoding="async" height="502" loading="lazy" sizes="(max-width: 691px) 100vw, 691px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror.jpg 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror-300x218.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror-600x436.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2020/10/Marx-and-Mirror-768x558.jpg 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="691" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Even <a href="https://www.newswars.com/leaked-amazon-whole-foods-docs-workforce-diversity-helps-prevent-unions/" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Amazon’s internal documents</span></a> exposed that the company rates their stores using a “diversity index” and determined the threat of unionization is “higher” at stores with “lower diversity.” This is what the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">WOKE</span> movement is all about — DIVIDE & CONQUER! This is the entire object of the woke movement — divide and create hatred between the groups. This is the strategy of how the LEFT is taking the United States, Canada, and Europe.</p>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-75188105954858012512023-06-08T07:00:00.001-07:002024-01-26T02:29:14.501-08:00Will It All Explode by the Ides of May 2025?<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; margin: -15px 0px 0px; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Jun 8, 2023 by Martin ArmstronG</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/international-news/ukraine/will-it-all-explode-by-the-ides-of-may-2025/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-145742 aligncenter" decoding="async" height="488" sizes="(max-width: 840px) 100vw, 840px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM.png 840w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM-300x174.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM-600x349.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Zelensky-ECM-768x446.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="840" /></a></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">I know some people send emails alleging I am some sort of Putin supporter. Most of my sources come from inside Ukraine. There is <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NO</span> government on this earth that <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">EVER</span> has 100% approval of its people. There are <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ALWAYS</span> two sides just as we have in the polarization of the United States. Many have been forced to flee Ukraine. Zelensky has been forcing young boys to fight on the front line and they are inexperienced and dying by the thousands. Zelensky is wiping out a generation rather than simply honor the Minsk Agreement for the Donbas are Russians who they will NEVER accept anyhow. This is simply a land grab and he is destroying his country for the Neocons and will fly off to his estate in Miami to live like a king forever after.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-160174 aligncenter" decoding="async" height="486" loading="lazy" sizes="(max-width: 1064px) 100vw, 1064px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23.png 1064w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23-300x137.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23-1024x468.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23-768x351.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/06/Rubles_Spot-Y-Array-6-7-23-600x274.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1064" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">I believe Zelensky is pure evil. He promised peace and is killing off an entire generation for his greatest European Investment of all time in rebuilding Ukraine with Blackrock – another evil private empire. His constant propaganda that Putin is evil will backfire. The Russian Presidential elections are scheduled to be held in Russia in March 2024. This will be the first round on Sunday, March 17th. If no candidate receives more than half the vote, then a second round will take place exactly three weeks later on April 7th, 2024. The winner of the election is scheduled to be inaugurated on May 7th, 2024. When we look at the computer, it has a Directional Change in 2024 and a Panic Cycle in 2025.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-145574 aligncenter" decoding="async" height="341" loading="lazy" sizes="(max-width: 750px) 100vw, 750px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle.png 1362w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle-300x136.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle-600x273.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle-1024x465.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2022/05/Putin-ECM-Cycle-768x349.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="750" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/NATO-North-Atlantic-Terror-Organization.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-159879 alignright" decoding="async" height="201" loading="lazy" sizes="(max-width: 204px) 100vw, 204px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/NATO-North-Atlantic-Terror-Organization.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/NATO-North-Atlantic-Terror-Organization.jpg 249w, https://www.armstrongeconomics.com/wp-content/uploads/2023/05/NATO-North-Atlantic-Terror-Organization-100x100.jpg 100w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="204" /></a>Absolutely <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NOTHING</span> that comes out as news from Ukraine, NATO, or any mainstream media is <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">EVER</span> going to be the truth. NATO is really a terrorist organization. They exist only for war – not peace. Ask people who live in the former Yugoslavia how they were bombing civilians and the media covered that up as well. They have built this up all about how Putin is evil and Zelensky refused to allow even the Pope to mediate for peace saying you cannot negotiate with Putin. In truth, it is Zelensky who is the Judas and has sold out his own people for a handful of silver.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">My fear is that Putin will step down and then we will see the hardliners take the helm. I do not see Putin there post-2024. The hardliners feel Putin has been too “soft” and had he simply invaded Ukraine instead of defending just the Donbas, then this war would have been over in 6 weeks using the same tactics the USA used on Iraq – shock and awe.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">This does <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NOT</span> look good for the future and these damn Neocons never consider what if they are wrong! They BS themselves into thinking Russia is weak and they can destroy it once and for all and divide it up into their EuroAsia and then turn on China. If the hardliners come in, they will do whatever is necessary to defend Russia against our insane Neocons like Lindsey Graham, Victoria Nuland, John Bolton, etc, etc. The United States will lose this war just as they did in Vietnam. People like Graham care nothing about the dead civilians who always outnumber the soldiers. He relishes the idea of washing his hands in Russian blood.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><img class="aligncenter" decoding="async" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Anti-Terrorist-April-16-2014.png" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" /></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">It was Ukraine that waged war on the Donbas calling them terrorists because they sought independence from Kiev which in itself sought independence from Russia. That was the pot calling the kettle black as they say.</p><div class="wp-video" style="border: 0px; box-sizing: border-box; font: inherit; height: auto; margin: 0px; max-width: 100%; padding: 0px; vertical-align: baseline; width: 854px;"><span class="mejs-offscreen" style="border: 0px; box-sizing: border-box; clip-path: inset(50%); clip: rect(1px, 1px, 1px, 1px); font: inherit; height: 1px; margin: -1px; overflow-wrap: normal; overflow: hidden; padding: 0px; position: absolute; vertical-align: baseline; width: 1px;">Video Player</span><div aria-label="Video Player" class="mejs-container mejs-container-keyboard-inactive wp-video-shortcode mejs-video" id="mep_0" role="application" style="background: rgb(34, 34, 34); border: 0px; box-sizing: border-box; clear: both; font-family: Helvetica, Arial, serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 297.635px; line-height: inherit; margin: 0px; max-width: 100%; min-width: 217px; padding: 0px; position: relative; vertical-align: top; width: 710px;" tabindex="0"><div class="mejs-inner" style="border: 0px; box-sizing: border-box; font-family: Helvetica, Arial; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-mediaelement" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 297.633px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 710px; z-index: 0;"><mediaelementwrapper id="video-160142-1" style="box-sizing: border-box;"><video class="wp-video-shortcode" height="358" id="video-160142-1_html5" preload="metadata" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McCain-Maidan.mp4?_=1" style="border: 0px; box-sizing: border-box; display: inline-block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 297.635px; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; vertical-align: baseline; width: 710px;" width="854"></video></mediaelementwrapper></div><div class="mejs-layers" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="mejs-overlay mejs-layer mejs-overlay-play" style="-webkit-box-align: center; -webkit-box-pack: center; align-items: center; border: 0px; box-sizing: border-box; cursor: pointer; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 297.633px; justify-content: center; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: 0px; vertical-align: baseline; width: 710px; z-index: 1;"><div aria-label="Play" aria-pressed="false" class="mejs-overlay-button" role="button" style="background-attachment: initial; background-clip: initial; background-color: initial; background-origin: initial; background-position: 0px -39px; background-repeat: no-repeat; background-size: initial; background: url("mejs-controls.svg") 0px -39px no-repeat; border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 80px; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 80px;" tabindex="0"></div></div></div><div class="mejs-controls" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; bottom: 0px; box-sizing: border-box; display: flex; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; left: 0px; line-height: inherit; list-style-type: none; margin: 0px; padding: 0px 10px; position: absolute; vertical-align: baseline; width: 710px; z-index: 3;"><div class="mejs-button mejs-playpause-button mejs-play" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Play" style="background-attachment: initial; background-clip: initial; background-image: url("mejs-controls.svg"); background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Play" type="button"></button></div><div aria-live="off" class="mejs-time mejs-currenttime-container" role="timer" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-currenttime" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:00</span></div><div class="mejs-time-rail" style="-webkit-box-flex: 1; border: 0px; box-sizing: border-box; direction: ltr; flex-grow: 1; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px 10px; padding: 10px 0px 0px; position: relative; vertical-align: baseline; width: 32px;"><span aria-label="Time Slider" aria-valuemax="50.712381" aria-valuemin="0" aria-valuenow="0" aria-valuetext="00:00" class="mejs-time-total mejs-time-slider" role="slider" style="background: rgba(255, 255, 255, 0.33); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; line-height: inherit; margin: 5px 0px 0px; outline: 0px; padding: 0px; position: absolute; vertical-align: baseline; width: 494.938px;" tabindex="0"><span class="mejs-time-loaded" style="background: rgb(255, 255, 255); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0.0698646); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 494.938px;"></span><span class="mejs-time-current" style="background: rgb(0, 115, 170); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0); transition: all 0.15s ease-in 0s; vertical-align: baseline; width: 494.938px;"></span><span class="mejs-time-hovered no-hover" style="background: rgba(255, 255, 255, 0.5); border-radius: 0px; border: 0px; box-sizing: border-box; cursor: pointer; display: block; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform-origin: 0px 0px; transform: scaleX(0); transition: height 0.1s cubic-bezier(0.44, 0, 1, 1) 0s; vertical-align: baseline; width: 494.938px; z-index: 10;"></span><span class="mejs-time-handle" style="border-radius: 0px; border: 4px solid transparent; box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; left: 0px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; transform: translateX(0px); vertical-align: baseline; z-index: 11;"><span class="mejs-time-handle-content" style="background: rgba(255, 255, 255, 0.9); border-radius: 0px; border: 4px solid rgba(255, 255, 255, 0.9); box-sizing: border-box; cursor: pointer; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 10px; left: -7px; line-height: inherit; margin: 0px; padding: 0px; position: absolute; top: -4px; transform: scale(0); vertical-align: baseline; width: 10px; z-index: 11;"></span></span></span></div><div class="mejs-time mejs-duration-container" style="border: 0px; box-sizing: content-box; color: white; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 11px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; height: 24px; line-height: 10px; margin: 0px; overflow-wrap: normal; overflow: hidden; padding: 16px 6px 0px; text-align: center; vertical-align: baseline; width: auto;"><span class="mejs-duration" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">00:50</span></div><div class="mejs-button mejs-volume-button mejs-mute" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Mute" style="background-attachment: initial; background-clip: initial; background-image: url("mejs-controls.svg"); background-origin: initial; background-position: -60px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Mute" type="button"></button></div><div class="mejs-button mejs-fullscreen-button" style="border: 0px; box-sizing: border-box; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 10px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: 40px; line-height: 10px; margin: 0px; padding: 0px; vertical-align: baseline; width: 32px;"><button aria-controls="mep_0" aria-label="Fullscreen" style="background-attachment: initial; background-clip: initial; background-image: url("mejs-controls.svg"); background-origin: initial; background-position: -80px 0px; background-repeat: initial; background-size: initial; border-color: initial; border-style: initial; border-width: 0px; cursor: pointer; display: block; font: 0px / 0 Helvetica, Arial; height: 20px; margin: 10px 6px; outline: 0px; overflow: hidden; padding: 0px; position: absolute; width: 20px;" tabindex="0" title="Fullscreen" type="button"></button></div></div></div></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">It was John McCain preaching war and revolution at Maidan. What if Putin came to the USA and delivered a speech on January 6th calling for the overthrow of Biden? I seriously doubt that the American press would have looked at that very kindly. But our Neocons could care less about anything. All they want is endless wars.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><img class="aligncenter" decoding="async" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/2019-Zelensky-Wins.png" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" /></p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-30807693661454115172023-05-11T00:59:00.004-07:002023-05-11T00:59:36.852-07:00The Rental Crisis<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted May 11, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/04/Rent.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-144845 aligncenter" decoding="async" height="191" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/04/Rent.png" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="264" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">I reported how <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.armstrongeconomics.com/markets-by-sector/real_estate/the-largest-landlord-in-the-us/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">BlackRock is now the largest landlord in the US</a></span>. Institutions have purchased hundreds of billions in real estate across the nation and have no plans to sell because rentals are a lucrative venture. Inventory is at a historic low and people simply cannot find a place to live if they need to relocate. Rental price gouging has reached astronomical levels and demand far outweighs supply.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.rentcafe.com/blog/rental-market/market-snapshots/us-hottest-rental-markets/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">There are eight prospective renters for each available apartment in the US, and the average occupancy rate is 94.2%</span>.</a> Of those occupied leases, 60.7% chose to renew. New housing grew by a measly 0.43% as building costs have increased substantially. The high-density state of New Jersey has become the most competitive real estate market in the US. This is particularly true for the northern part of the state, which is no surprise as <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.dailymail.co.uk/news/article-11845019/NYC-rents-surge-February-average-Manhattan-apartment-5-186-month.html" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">the average cost for rent in NYC is $5,186 monthly</a></span>. That price tag makes places like Los Angeles look cheap, with an average rental price of $2,600. Miami, the new Wall Street of the south, has become the second most competitive market in the US. Apartments in Miami-Dade County last an average of 33 days on the market if a unit even becomes available.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Housing is completely unaffordable and people with good-paying jobs are struggling to find a place to live if they do not already own. Purchasing property was once the smart financial choice, but that is out of reach for the average person. In fact, over three million Americans earning over $150,000 annually still choose to rent as there is simply no alternative at this time.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Rentals across America are almost at total capacity. The typical person locks in a 12-month lease, but the landlord (in most states) can raise the price at the end of that term and there are little protections for residents. In fairness to the landlords, their costs have increased substantially as well in terms of taxes, insurance, and maintenance. The price of a renewal increase is typically lower than what it would cost to relocate, aiding in the decision for the majority to renew their leases.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Where I live, we also face seasonal rental price gauging. Off-season one-bedrooms in the Tampa Bay area are over $2,000 monthly and rising. But once the “snow birds” return during the winter months, prices increase substantially. There is a 13% tax here on short-term rentals as well, but finding a full 12-month lease is increasingly difficult.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Adding to this crisis is the mass influx of migrants as cities across the nation develop ways to house tens of thousands of people at the expense of taxpaying citizens. Landlords typically require renters to earn 3X the monthly rental price as well, forcing many to leave the cities and more desirable areas even if they earn a good living.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Shelter costs are unsustainably high for both buyers and renters. People cannot find a place to live. Those who rent often become stuck in a cycle of renting perpetually, unable to save as all their income goes toward shelter.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-47648074616973809162023-05-06T23:11:00.000-07:002023-05-06T23:11:01.818-07:00Theories<p> Was Bill Gates using Epstein to Blackmail People?</p><p><br /></p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted May 7, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/world-news/corruption/was-bill-gates-using-epstein-to-blackmail-people/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="281" src="https://www.youtube.com/embed/6DvS9SCbrxA?feature=oembed" style="border-style: initial; border-width: 0px; box-sizing: border-box; color: #1c1c1c; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" title="Bill Gates Caught AGAIN With Epstein | Breaking Points" width="500"></iframe></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="http://s3.amazonaws.com/armstrongeconomics-wp/2013/06/Spitzer-Greenberg.jpg" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="Spitzer-Greenberg" class="aligncenter size-full wp-image-12256" decoding="async" height="262" loading="lazy" src="http://s3.amazonaws.com/armstrongeconomics-wp/2013/06/Spitzer-Greenberg.jpg" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="522" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">I have said before, Epstein was really creating a sophisticated operation for blackmail. Wall Street used Elliot Spritzer to take down AIG head Hank Greenberg because he refused to allow AIG to issue guarantees for Goldman Sachs’ mortgage-backed securities. They used <a href="https://nypost.com/2022/01/23/spitzer-used-alias-at-hospital-after-allegedly-choking-prostitute/" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Elliot Spitzer</span></a> as the DA of NY to remove Hank Greenberg from AIG which opened the door for the 2007-2009 Crash. Removing Hank Greenberg made the whole Mortgage-Backed CDO Lending possible and the collapse of the Great Financial Crisis. Spitzer was fed info I believe to remove Greenberg by Goldman Sachs. It was Goldman who then sold the idea to AIG when Greenberg was removed.<em style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </em></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Spitzer was just a pawn. He thought he was really cleaning up Wall Street. Then when Spitzer turned on Wall Street, guess what? The <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Patriot Act</span> ordering banks to report anything suspicious turned up checks Spitzer wrote to a hooker. So the Terrorist laws were then used to get rid of Spitzer to save Wall Street Investment Bankers.<a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Strauss-Kahn-Dominique.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-158932 aligncenter" decoding="async" height="387" loading="lazy" sizes="(max-width: 344px) 100vw, 344px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Strauss-Kahn-Dominique.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Strauss-Kahn-Dominique.png 344w, https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Strauss-Kahn-Dominique-267x300.png 267w, https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Strauss-Kahn-Dominique-300x338.png 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="344" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Do you also remember the former head of the IMF who also stood in the way of the agenda to remove countries from SWIFT if they did not hand over all people with accounts? <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Dominique Strauss-Kahn</span> became a target when he was the IMF chief and began to comment critically on the role of the world financial system. I was personally invited to Washington where Edmond Safra of Republic National Bank paid for the IMF dinner that rented the entire National Gallery. I was invited to demonstrate to me how the NY Investment bankers had the IMF in their pocket.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Strauss-Kahn</span> was conveniently sent a <a href="https://abcnews.go.com/International/imf-chief-dominique-strauss-kahn-charged-rape-sexual/story?id=13609991" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">maid</span></a> to create a sex scandal to shut him up when he saw the corruption in the IMF. They removed him under false accusations and cleared the way for the IMF to become a tool of the bankers and the Neocons. That is how the whole Long-Term Capital Management crisis developed because they bribed the IMF to keep the loans going to Russia so they could buy their bonds by paying outrageous amounts of money.<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><img alt="Anna_Chapman_mug_shot" class="wp-image-53432 aligncenter" decoding="async" height="256" loading="lazy" sizes="(max-width: 314px) 100vw, 314px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Anna_Chapman_mug_shot.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Anna_Chapman_mug_shot.jpg 630w, https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Anna_Chapman_mug_shot-233x300.jpg 233w, https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Anna_Chapman_mug_shot-140x180.jpg 140w, https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Anna_Chapman_mug_shot-466x600.jpg 466w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="199" /></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="http://nypost.com/2010/06/29/sexy-russian-spy-anna-chapman/#1" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">Anna Chapman</a></span><span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> was a Russian Spy caught in New York City. She was swapped for American spies in 2010 and made headlines in New York. She was stunningly beautiful as well as stunningly successful. Well if you are going to betray secrets, this is far better than the rubber hose treatment. </span>Anna showed up in<span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.nydailynews.com/news/national/ex-russian-spy-anna-chapman-embed-train-troops-article-1.2021824" rel="noopener" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">Ukraine</a></span><span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> to train</span> with the soldiers leading the rebellion. She has become known as Vladimir Putin’s weapon of mass distraction.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/07/Maxwell-Ghislaine.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-113404 aligncenter" decoding="async" height="323" loading="lazy" sizes="(max-width: 348px) 100vw, 348px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/07/Maxwell-Ghislaine.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/07/Maxwell-Ghislaine.jpg 759w, https://www.armstrongeconomics.com/wp-content/uploads/2020/07/Maxwell-Ghislaine-300x278.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2020/07/Maxwell-Ghislaine-600x557.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="348" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Anyone who thinks that Epstein was just into young girls and committed suicide probably believes Washington really cares about them as well. I seriously doubt that any guy over 40 could possibly tell the difference between a 16/17-year-old and an 18-year-old. So why fool around with a 17-year-old when an 18-year-old would be legal? If I could not tell the difference just by looking, then what would be the thrill? The answer is obviously blackmail.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Take Prince Andrew whose life has been destroyed. Did you know that had he had sex with that girl in London, it would be legal? From the age of <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">16, a person is <a href="https://fullfact.org/law/legal-age-limits/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">considered</a></span> to be able to give consent to all sexual activity with other people aged 16 or over. The Legal age is 16 in most countries. So why did Epstein create an island in the USA where the legal age is the highest? Something is just not right.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Were Epstein’s targets even told they were under 18? Did getting this honey trap to entangle people force them to do as he directed? So let’s just be real for a second. Maxwell is in prison for soliciting girls but not anyone they supposedly had sex with. So where are the customers to prove that illegal sex even took place? Ah! Conspiracy is a thought crime that is as corrupt as a $3 bill. You do not have to actually carry out a crime, you merely need to intend. So they conveniently never have to produce all the people they targeted in this honey trap scheme.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">It seems that this was a service that people hired him to entrap people and then blackmail them into doing whatever they desired.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-29068693092372820542023-03-31T23:18:00.001-07:002023-03-31T23:18:18.896-07:00Trump & Likely Gag Order to Create Imprisonment<p> </p><p><br /></p><p><br /></p><div class="contentMeta" style="border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 31, 2023 by Martin Armstrong</h6></div><div class="theContent" style="border: 0px; box-sizing: border-box; float: left; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-Order.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157815 aligncenter" decoding="async" height="334" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-Order.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-Order.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-Order-300x200.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-Order-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Trump will now find himself silenced and whatever Free Speech he once had, will now be stripped away from him like the rest of his constitutional and human rights. We are about to witness just how corrupt our legal system truly is. This is George Soros’s puppet. Alan Bragg will now show the entire world that in the United States, there is no such thing as constitutional or even Human Rights.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-order-2.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157816 aligncenter" decoding="async" height="334" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-order-2.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-order-2.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-order-2-300x200.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Gag-order-2-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Bragg will most likely seek a Gag Order in addition to a denial of bail, which no matter how ruthless the judge, will probably realize he cannot deny bail to a former President. Still, they will most likely put a Gag Order on Trump, and that way they can throw him in jail even indefinitely as they did to me using Civil Contempt of Court which is not a crime. If they charge him with Criminal Contempt, then he gets a trial by jury. Under Civil Contempt, you have ZERO rights and no right to a trial.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-54637 aligncenter" decoding="async" height="719" loading="lazy" sizes="(max-width: 556px) 100vw, 556px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover.jpg 1700w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-300x388.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-600x776.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-232x300.jpg 232w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-768x994.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-791x1024.jpg 791w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-139x180.jpg 139w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/HSBC-Gag-Cover-464x600.jpg 464w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="556" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Because I did an interview in the Japanese press and told all my clients to file suit against the bank, they then put a gag order on me <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">FOR LIFE</span> to prevent me from providing my own clients with evidence against the bank. Normally, you are supposed to get more time if you do not assist the victims. Law means <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ABSOLUTELY</span> nothing in court. They do as they like and the Constitution means absolutely nothing.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157259 aligncenter" decoding="async" height="441" loading="lazy" sizes="(max-width: 882px) 100vw, 882px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA.png 882w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA-300x150.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA-600x300.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bragg-Alvin-Manhattan-DA-768x384.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="882" /></a></p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">This is who I believe is a disgusting individual. I have been told he ran for office saying he would indict Trump. Screw NYC. Crime is off the hook. It is no longer a safe city to even go to visit. At the last coin show there, they robbed a dealer and stole his entire inventory when packing up to leave. That’s OK – but for Trump to pay money to a porn star warrants endless taxpayer money to be spent for this guy’s career.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">BEWARE</span> Mr, Trump. They kept me in prison on Civil Contempt from 2000 to 2007. I was released <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ONLY</span> because I got to the Supreme Court and they ordered the government to explain how I could be held for 7 years without anything on statute 28 USC 1826 which had a maximum of 18 months. To avoid having to answer, they suddenly released me.</p><h1 style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #313131; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 24px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 24px; margin: 20px 0px 0px; padding: 0px 0px 0px 360px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">So forget the payment to a Porn Star</span></h1><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">They can now gag trump, restrict his movements, and harass him to <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">PREVENT</span> him from running in 2024. They will listen to every word he says and are just going to wait to be able to throw him in prison on Civil Contempt indefinitely with <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ZERO</span> Constitutional Rights. Welcome to the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">REAL</span> America. They call it a “protective order” to protect the Government and Bragg as you are stripped of ALL your <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">First Amendment</span> rights.</p><p style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="color: #3097dd; font-family: inherit;"><span style="border-color: initial; border-image: initial; border-style: initial; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; height: auto !important; line-height: inherit; margin-bottom: auto; margin-left: auto !important; outline-color: initial; outline-style: initial;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157817 aligncenter" decoding="async" height="372" loading="lazy" sizes="(max-width: 812px) 100vw, 812px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment.jpg 812w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment-300x137.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment-768x352.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/First_Amendment-600x275.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="812" /></a></span></span></p><div><span style="color: #3097dd; font-family: inherit;"><br /></span></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-955229855580716962023-03-31T01:28:00.001-07:002023-03-31T01:28:17.925-07:00My Question on China / US war<p> Why America Will Lose this War As every one Since WWII</p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 30, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/world-news/neocons/why-america-will-lose-this-war-as-every-one-since-wwii/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><br /></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Lose-the-War.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157729 aligncenter" decoding="async" height="334" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Lose-the-War.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Lose-the-War.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Lose-the-War-300x200.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Lose-the-War-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">A number of people have asked why does Socrates say that the United States will lose this war. One (KG) states: <b>“The standalone American firepower without UK/ France, etc, itself is tremendous. How does Socrates say that America will lose the war? It may lose financially. The Chinese have the worst track record in any war.” </b>Perhaps I should just say, cyclically – it’s just TIME.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-70513 aligncenter" decoding="async" height="495" loading="lazy" sizes="(max-width: 853px) 100vw, 853px" src="https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you.jpg 853w, https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you-300x174.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you-600x348.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you-768x446.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2017/11/Nikita-Khrushchev-We-will-bury-you-180x104.jpg 180w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="853" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Neocons are in charge of this war. They are trying conventionally for their constant goal of <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">REGIME CHANGE</span>. They are doing what Khrushchev had threatened Communism would win and we will bury you. This is their mantra and they think forcing a Republican form of government upon the rest of the world will bring peace. Those were the dreams of Hitler and Napoleon as well. Communism collapsed because it is simply unsustainable. Nevertheless, the Neocons have never backed down. They objected to Reagan even meeting with Gorbehev saying you can never trust Russians.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Neocons have pushed endless wars for their hatred. They have <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> won a single war. The US has lost <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">EVERY</span> war post WWII. Korea was a standoff, and Vietnam, along with Afghanistan were all losses and for what? They remove Saddam Hussein and unleashed ISIS where Saddam kept the religious fanatics in check. Their theory was to remove all dictators in the Middle East and that would bring peace to Israel. They supplied arms and that led to the overthrow of Quadaffi in Libya and they were trying the same in Syria.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-157730 aligncenter" decoding="async" height="507" loading="lazy" sizes="(max-width: 442px) 100vw, 442px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger.png 656w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger-261x300.png 261w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger-300x344.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/NATO_Defeat-Russia_in_3_Days-Adam-Kinzinger-600x689.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="442" /></a></p><div class="plain_line" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Now Nukes are no longer a deterrent when you are playing with nuclear powers. They have used Ukraine as cannon fodder to weaken Russia and they hope they can then invade under any excuse and conquer Russia, which has been their end goal for decades. <u>They bank on that they can defeat Russia and it will never go nuclear. </u>I am flabbergasted by some of these Neocons and their sheet hatred of the Russian people like Adam Kinzinger who proclaims we can defeat Russia in 3 days. I suppose we could then turn and defeat China perhaps in 5 days. These people play with the lives of innocent civilians and send other people’s sons and daughters to war to be sacrificed for their personal hatred. The claim Putin is evil but never look in the mirror to see the hatred in their own eyes.</div><div class="plain" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="plain_line" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div></div><div class="theContent" style="border: 0px; box-sizing: border-box; float: left; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McNamara-Robert.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-144539 aligncenter" decoding="async" height="450" loading="lazy" sizes="(max-width: 650px) 100vw, 650px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McNamara-Robert.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McNamara-Robert.png 650w, https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McNamara-Robert-300x208.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/03/McNamara-Robert-600x415.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="650" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Robert McNamara (1916 – 2009) was a leading Neocon that pushed the country into the Vietnam war. He was famous for saying: “I learned early on never answer the question that is asked of you. Answer the question that you wish had been asked of you. And quite frankly, I follow that rule. It’s a very good rule.”</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span class="knyd3HBFHf98jKYhicRlajf2gQL29DDYzO6Npim41EyGUENCGzXoTtql0QWaKpkP7OSv5w" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><iframe allowfullscreen="allowfullscreen" data-mce-fragment="1" frameborder="0" height="375" loading="lazy" src="https://www.youtube.com/embed/0enCCGBW3xc?feature=oembed" style="border-style: initial; border-width: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" title="Robert McNamara admits Vietnam War a mistake..flv" width="500"></iframe></span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Before he died, he finally admitted that they were wrong particularly in their assessment of Russia as a threat. The perception that Russia is a threat is still dominating the agenda today. The propaganda that Putin is a KGB guy who wants to re-establish the Soviet Empire is absurd. In the 22 years that he has been in power, he has neither tried to re-establish communism nor has he sought to retake the old Soviet states like Poland, the Czech Republic, or even Ukraine. The same claims today about Russia are the very same ones that justified Vietnam.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Apparently, McNamara died with the guilt of sacrificing 58,000 Americans on the Neocon altar of war for at the end of his life, he admitted they were wrong. They are NOT Americans. They DO <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NOT</span> serve American interests. They only serve their own International interests and are dragging countries into endless wars and carnage.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1-Top-20-Banks.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157731 aligncenter" decoding="async" height="468" loading="lazy" sizes="(max-width: 442px) 100vw, 442px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1-Top-20-Banks.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1-Top-20-Banks.png 442w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1-Top-20-Banks-283x300.png 283w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1-Top-20-Banks-300x318.png 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="442" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">While these neocons only focus on war, they are destroying the United States economy. They are pouring money into this undeclared war on Russia when in fact the Constitution states that ONLY Congress can declare war – not the President. The United States will lose the war, and we are losing our title of Financial Capital of the World. Just as WWI & WWII took that title away from Britain, WWII will take it from the United States and hand it squarely into the arms of China.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Than the warmongering Neocons for destroying your future all because of their personal hatred</p></div></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-22341669378817833272023-03-31T00:29:00.003-07:002023-03-31T00:29:27.676-07:00Can We Really Last until 2032 - The United State will exist no more after 2034.50.<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 31, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/can-we-really-last-until-2032/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="alignnone size-full wp-image-157751" decoding="async" height="610" sizes="(max-width: 1326px) 100vw, 1326px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23.png 1326w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23-300x138.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23-1024x471.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23-768x353.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IMMEU-Y-Array-1-19-23-600x276.png 600w" style="border: 0px; box-sizing: border-box; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1326" /></a></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION #1:</span></span> Martin,</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Since Trump was already not guilty of having the affair (to which Stormy Daniels admitted never took place), does that mean that the New York Court has indicted him on the charges of “being blackmailed”?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">DB</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION #2:</span></span> Bill Clinton committed perjury. That was legal grounds to indict him and remove him from office. Nobody wanted to indict Richard Nixon either. I can now see why Socrates is forecasting the collapse of the United States. I just realized that the Declaration of Independence was approved by the Continental Congress on July 4, 1776, announcing the separation of 13 North American British colonies from Great Britain. What I did not know was it was only a vote of 12 and New York abstained. It seems like New York is at it again. Do you really think we can last until 2032?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> What Bragg has done is so undermining to the entire country and he has accepted money from a foreign power seeking to undermine the United States – George Soros. That is treason in my book. He is doing the bidding of a declared enemy against the United States and everything our way of life has stood for.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Yes, the Declaration was designed 1776.506. <b>The United State will exist no more after 2034.50.</b> I am very concerned that the 2024 Presidential election is not going to be fair. By the time we get to 2025.90, this does not look good in the least. It is highly unlikely that we are looking at this lasting as we have known it until 2032. It looks like everything unravels starting in 2027.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-60444070700476505392023-03-29T00:16:00.001-07:002023-03-29T00:16:21.761-07:00What will Become Money Post-2032?<p> </p><p><br /></p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 29, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-81158 aligncenter" decoding="async" height="389" sizes="(max-width: 580px) 100vw, 580px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform.jpg 1125w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform-300x201.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform-600x403.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform-768x515.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform-1024x687.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1092-Byzantine-Monetary-Reform-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="580" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> Hello Martin,<br style="box-sizing: border-box;" />Been reading your writings with keen interest for over 15 years now since while you were incarcerated.<br style="box-sizing: border-box;" />My question is: The way you paint a picture of the past economies going back hundreds and thousands of years through the discovery of coinage hoards is brilliant. How will a future “Martin Armstrong” from say 500 to 1,000 years from now be able to utilize that methodology of discovering the history of this era when we’re largely a computer digital transaction society? (Especially if government-planned digital currency takes over?)<br style="box-sizing: border-box;" />Thanks. Jerry S.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-72873 aligncenter" decoding="async" height="376" loading="lazy" sizes="(max-width: 690px) 100vw, 690px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement.jpg 1085w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement-300x163.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement-600x327.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement-768x418.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement-1024x558.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/ByzantineDebasement-180x98.jpg 180w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="690" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> I know the crypto-people do not like my view that digital currency is entirely dependent upon the power grid and once money is in any official exchange, it will be subject to government regulation. Just look at Tik Tok. The government wants to ban it because they CANNOT get into the data and who is saying what. It has nothing to do with China. They are not interested if you paid the babysitter next door, but Congress is. They have backdoors into everything – not Tik Tok. That has become the hub for many threats to their form of society called the dreaded <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">CONSERVATIVES</span>.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Reading historical accounts of things would never provide the real picture. The coinage has been the breadcrumbs that lead to the truth. I can see the real level of debasement, and when put together with historical accounts, we can get a real picture of history. We must also respect that some periods are black holes and the coinage is what turns on the light.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span class="J7wDPH53BEczfjKaUHiNGsszWEdggKPTntvwThFOWufZqRaMZohRIy1ko92NmnrtSb0Ixl" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="281" loading="lazy" src="https://www.youtube.com/embed/AOKwEEnOBbY?feature=oembed" style="border-style: initial; border-width: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" title="Domina | First Look Trailer" width="500"></iframe></span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Livia_AE_Dupondius-As-Salus.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157623 aligncenter" decoding="async" height="383" loading="lazy" sizes="(max-width: 606px) 100vw, 606px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Livia_AE_Dupondius-As-Salus.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Livia_AE_Dupondius-As-Salus.png 606w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Livia_AE_Dupondius-As-Salus-300x190.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Livia_AE_Dupondius-As-Salus-600x379.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="606" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/01/Augustus-and-daughter-Julia-Denarius.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-43378 alignleft" decoding="async" height="234" loading="lazy" sizes="(max-width: 336px) 100vw, 336px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/01/Augustus-and-daughter-Julia-Denarius.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/01/Augustus-and-daughter-Julia-Denarius.jpg 565w, https://www.armstrongeconomics.com/wp-content/uploads/2016/01/Augustus-and-daughter-Julia-Denarius-300x209.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/01/Augustus-and-daughter-Julia-Denarius-180x125.jpg 180w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="336" /></a>For example, it is the coinage that enables us to confirm much of history and I believe we will see the future follow the past. The wife of Augustus, Livia, the first empress of Rome, was a very powerful woman. The real power behind the thrown. I suggest watching the series – <a href="https://www.youtube.com/watch?v=AOKwEEnOBbY" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Domina</span></a>. It is far better than any fictional story. It was his mother, Livia, who pushed him to be Emperor.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-Restore-Asia-R.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-152371 alignright" decoding="async" height="350" loading="lazy" sizes="(max-width: 277px) 100vw, 277px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-Restore-Asia-R.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-Restore-Asia-R.png 641w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-Restore-Asia-R-300x224.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-Restore-Asia-R-600x448.png 600w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="468" /></a>Livia was renowned for her intelligence but was also one of the most beautiful women in Rome. Tiberius was not her favorite – that was his brother Drusus. Tiberius had a son with his first wife Vipsania who was born in 14BC. Livia compelled Tiberius to marry Augustus’ daughter Julia as a way to the throne. Augustus was not fond of Tiberius for he was simply unsocial. His marriage to Julia was like a mixture of oil and water. She sought sexual parties and ignored Tiberius and was finally exiled by her father.</p><div class="theContent" style="border: 0px; box-sizing: border-box; float: left; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/AGRIPPINA-AE-Sesterius-Green-XF-RIC-102.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-157634 alignleft" decoding="async" height="193" loading="lazy" sizes="(max-width: 313px) 100vw, 313px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/AGRIPPINA-AE-Sesterius-Green-XF-RIC-102.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/AGRIPPINA-AE-Sesterius-Green-XF-RIC-102.jpg 750w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/AGRIPPINA-AE-Sesterius-Green-XF-RIC-102-300x185.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/AGRIPPINA-AE-Sesterius-Green-XF-RIC-102-600x370.jpg 600w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="313" /></a>Frome the coinage, we can confirm that Tiberius responded to a major earthquake that destroyed much of Asia, modern-day Turkey. Tiberius issued coins for the aid of Asia. We also know that he waived all taxes for 5 years and donated 10 million sesterces for relief. What politicians would ever system taxes as a tool of relief today?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Augustus’ heir was to be Germanicus (15BC-19AD) who was the son of Nero Claudius Drusus, the younger brother of Tiberius, and Antonia, who was the daughter of Mark Antony and Augustus’ sister Octavia. He was married to Agrippina, Sr, who was the daughter of Agrippa and Augustus’ daughter Julia. Agrippina seems to have been the independent-minded woman who blamed Livia for the death of her husband.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-157631 alignright" decoding="async" height="166" loading="lazy" sizes="(max-width: 293px) 100vw, 293px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius.png 955w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius-300x170.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius-768x435.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Agrippina_-Caligula-AR_Denarius-600x340.png 600w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="293" /></a>Agrippina, Sr. was such a disruption politically that Tiberius was compelled to banish her like her mother in 29AD where she eventually died of starvation in 33AD. Her son, Caligula, seems to have inherited her insanity, and her daughter Agrippina, Jr, as well. She is actually the first woman on Roman coinage displaying her name. Livia’s portrait would be used but always styled as some goddess.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/07/Claudius-AU-Praetorian-Camp.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-147516 alignleft" decoding="async" height="236" loading="lazy" sizes="(max-width: 323px) 100vw, 323px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/07/Claudius-AU-Praetorian-Camp.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/07/Claudius-AU-Praetorian-Camp.jpg 458w, https://www.armstrongeconomics.com/wp-content/uploads/2022/07/Claudius-AU-Praetorian-Camp-300x219.jpg 300w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="323" /></a>Of course, her son Caligula has warranted films exclusively devoted to his. He is famous for insulting the Senators by making his horse a senator. Caligula was born in 12 AD. He was named as Tiberius’ heir in 37AD and it has been long suspected that Caligula smothered Tiberius to death to take the throne. He was notorious for his depravity and cruelty. He was assassinated by the Praetorian Guard on January 24th, 41AD.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Claudius-Agrippina-AU-Aureus.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-47593 alignright" decoding="async" height="163" loading="lazy" sizes="(max-width: 261px) 100vw, 261px" src="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Claudius-Agrippina-AU-Aureus.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Claudius-Agrippina-AU-Aureus.jpg 570w, https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Claudius-Agrippina-AU-Aureus-300x187.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Claudius-Agrippina-AU-Aureus-180x112.jpg 180w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="261" /></a>The Praetorian Guard needed an emperor or there was no point in them being the Praetorian Guard. They turned to Claudius and made him emperor. You can see from his coinage the image of the Praetorian Guard camp on the reverse announcing that he was made emperor by the Praetorians.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">There is a great series of these events done years ago by the BBC. It was based on the book I Claudius and the series bares the same name – <a href="https://www.youtube.com/watch?v=jMantPCa-0I" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">I. Cludius</span></a>. That too is a worthwhile series that was produced decades ago.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Nero-Agrippina-Jr.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157632 alignleft" decoding="async" height="348" loading="lazy" sizes="(max-width: 283px) 100vw, 283px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Nero-Agrippina-Jr.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Nero-Agrippina-Jr.png 283w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Nero-Agrippina-Jr-244x300.png 244w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="283" /></a>In fact, Agrippina Jr, sister of Caligula, was not only the mother of Nero who ordered her killed for her dominance, but she married he uncle Claudius to secure the throne for Nero. Once again, we find her portrait on coins alongside her son, Nero, which also reflected her dominance and effective rule of the empire. Some have likened her to Hillary Clinton for her cunning and effective rule behind the curtain.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-50763 alignright" decoding="async" height="248" loading="lazy" sizes="(max-width: 399px) 100vw, 399px" src="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1.jpg 699w, https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1-300x186.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1-600x373.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2012/03/Britannicus-B-1-180x112.jpg 180w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="399" /></a><span style="font-weight: inherit;">To ensure Nero would become Claudius’ heir, she poisoned Claudius’ son – Britanicus. It shows what a bad apple can do to the whole lot. </span><b>Many have pointed to the fact that it was the dominance and cunning of the women that brought down the Julio-Claudian Dynasty.</b></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Nevertheless, the coinage not merely confirms history, but also provides a window through time for us to see how human nature never changes, and as such, the future becomes merely a repetition of human contrivances.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">To answer the question if future historians will be able to do what I have done if the currency is eliminated and we have just electronic digital currency, I believe the answer lies in the past. We can see something rather astonishing right here during the reign of Tiberius (14-37AD).</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-157633 aligncenter" decoding="async" height="615" loading="lazy" sizes="(max-width: 823px) 100vw, 823px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection.png 1745w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection-300x224.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection-1024x765.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection-768x573.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection-1536x1147.png 1536w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Denarius-Selection-600x448.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="823" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Augustus/Octavian (heir to Julius Caesar) became the first emperor of Rome following the defeat of Cleopatra and Mark Antony in 30 BC. He was granted the title Augustus in 27BC by the Senate for saving Rome from the proxy war of Cleopatra who used Mark Antony to try to conquer Rome. However, because he was the first emperor, it appears that he blanked the empire with coinage to justify his position as emperor, not king, which was really the same thing. There are over 500 different silver denarii types. I have never even heard of a collector assembling each type.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-129117 aligncenter" decoding="async" height="364" loading="lazy" sizes="(max-width: 654px) 100vw, 654px" src="https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs.jpg 1023w, https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs-300x167.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs-600x334.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2021/02/Tiberius-AR-Denarius-Designs-768x428.jpg 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="654" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Against that backdrop, being indeed a <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">reluctant emperor</span> and forced into an unhappy marriage, it is understandable that being an unsocial workaholic, the circumstances most likely drove Tiberius deeper into seclusion. He rarely left Rome. In fact, he would not even attend the gladiator games. This is the extent of his coinage – two types. That’s it! Instead of the proliferation of coinage under Augustus, spending was curtailed and we can determine that from the coinage, not contemporary accounts. This led to a <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">SHORTAGE</span> of money, and in such a recession. That became the <a href="https://www.armstrongeconomics.com/research/panics/ancient-panics/financial-panic-of-33ad/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" title="Financial Panic of 33AD"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Financial Panic in 33AD</span></a>.</p></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-TOKENS-R.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-152370 aligncenter" decoding="async" height="414" loading="lazy" sizes="(max-width: 476px) 100vw, 476px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-TOKENS-R.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-TOKENS-R.jpg 476w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Tiberius-TOKENS-R-300x261.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="476" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Because of the shortage of money, this is where we find the first time that the private sector began to issue its own coinage. Some have claimed they were some sort of token. But they are confined to this period of Tiberius where there was a Financial Panic and a shortage of coinage compared to the reign of Augustus.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-157638 aligncenter" decoding="async" height="535" loading="lazy" sizes="(max-width: 399px) 100vw, 399px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue.png 627w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue-224x300.png 224w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue-300x402.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Depression-Scip-Catalogue-600x804.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="399" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">During the Great Depression, because there too the austerity measures of the government created a shortage of currency. Thus, over 200 cities in the United States began to issue their own currency for local use.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157639 aligncenter" decoding="async" height="348" loading="lazy" sizes="(max-width: 1029px) 100vw, 1029px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century.png 1029w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century-300x101.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century-1024x346.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century-768x260.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Tokens-19th-century-600x203.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1029" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Likewise, during the Civil War, there was also a shortage of money There is a whole array of private coinage during that event. Then there was the hard time that followed the Panic of 1837, Again we have private coinage surfacing. The same again took place with the Panic of 1873.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-55503 aligncenter" decoding="async" height="786" loading="lazy" sizes="(max-width: 803px) 100vw, 803px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD.jpg 1157w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD-300x294.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD-600x588.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD-768x752.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD-1024x1003.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Japanese-Debasement-760-958AD-180x176.jpg 180w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="803" /><br style="box-sizing: border-box;" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">In Japan, because of the corruption of the government always devaluing the currency of the previous emperor, the Japanese finally just stopped accepting the coinage of their own government. The economy reverted to one of barter and they used the coinage of China. Japan lost the authority to even issue coinage for 600 years until the Meiji Era.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/20-gold-Roll-1-R.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-152887 aligncenter" decoding="async" height="458" loading="lazy" sizes="(max-width: 642px) 100vw, 642px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/20-gold-Roll-1-R.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/20-gold-Roll-1-R.jpg 642w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/20-gold-Roll-1-R-300x214.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/20-gold-Roll-1-R-600x428.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="642" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157640 aligncenter" decoding="async" height="192" loading="lazy" sizes="(max-width: 1000px) 100vw, 1000px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return.png 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return-300x58.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return-768x147.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Barter-Return-600x115.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1000" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/SilverCoins.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-44668 alignright" decoding="async" height="236" loading="lazy" sizes="(max-width: 284px) 100vw, 284px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/SilverCoins.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/02/SilverCoins.jpg 284w, https://www.armstrongeconomics.com/wp-content/uploads/2016/02/SilverCoins-180x150.jpg 180w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="284" /></a><b>Cryptocurrency will fade with the collapse of governments. It will be too dependent on a unified power grid.</b> If history is any guide, we will return to a barter system combined with perhaps old identifiable coinage that the average person will recognize. That is one reason why I do not recommend bars of silver or gold, but the old coinage. Bags of pre-1965 silver coins in the US or similar in Europe and Canada where the average person can look at a date and accept it whereas they cannot tell the difference between a var of silver or nickel.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Do not make the mistake of judging others by yourself. You may know was a bar of silver is, but that will not help you if the other person does not. There are videos on YouTube where people are offered a silver bar or a chocolate bar and they take the chocolate. Not everyone knows what you may know. Keep that in mind.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">So at the end of the day, we will have to rebuild society from the ground up post-2032. A currency need not be backed by anything. Its value is <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ALWAYS</span> based upon a belief system. The same is true with gold and silver. They had no utility value, only as jewelry from the outset. They were valued because at first, the kings reserved gold only for their adornment.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Orichalcum.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157641 aligncenter" decoding="async" height="582" loading="lazy" sizes="(max-width: 649px) 100vw, 649px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Orichalcum.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Orichalcum.png 649w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Orichalcum-300x269.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Orichalcum-600x538.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="649" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Orichalcum, brass, is the legendary metal mentioned in the story of Atlantis in the Critias of Plato. In fact, orichalcum was considered second only to gold in value and it held a greater value than even silver. It was said to have been mined in many parts of Atlantis in ancient times. These ingots of orichalcum were discovered in a shipwreck that had sunk <a href="https://www.messagetoeagle.com/legendary-orichalcum-metal-related-to-atlantis-found-in-2600-year-old-shipwreck-2/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">2,600 years ago</span></a>, off the coast of Gela in southern Sicily. The ingots are an alloy consisting of 75–80% copper, 15–20% zinc, and smaller percentages of nickel, lead, and iron. In other words, they are brass. Because the color is closer to gold, this was highly prized.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Monetary-Reform-23BC-Oracalcum.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157643 aligncenter" decoding="async" height="598" loading="lazy" sizes="(max-width: 643px) 100vw, 643px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Monetary-Reform-23BC-Oracalcum.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Monetary-Reform-23BC-Oracalcum.png 643w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Monetary-Reform-23BC-Oracalcum-300x279.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Augustus-Monetary-Reform-23BC-Oracalcum-600x558.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="643" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Greeks rarely used orichalcum for coinage in the Hellenistic world. It was used experimentally by Romans under the reigns of <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Octavian</i> and <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Mark Antony. </i>Where we begin to see orichalcum used in the coinage consistently is dated to the monetary reform of <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Augustus</i> (23 BC). It was then that he introduced <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">sestertii</i> and <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">dupondii</i> were struck in orichalcum (Cu-Zn alloy) rather than silver and bronze. The sestertius of the Republican era was a tiny silver coin of about 0.7 grams. Later, the monetary reform Nero made during 63–64 AD, introduced the use of orichalcum to the denomination of the <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">as</i>, <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">semis,</i> and <i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">quadrantes.</i></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-153780 aligncenter" decoding="async" height="392" loading="lazy" sizes="(max-width: 690px) 100vw, 690px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF.png 1156w, https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF-300x171.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF-600x341.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF-1024x582.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Vespasian-AE-Ses-Judea-Capitive-XF-768x436.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="690" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Following the Civil War with the death of Nero, orichalcum was replaced in the coinage with bronze. It is highly likely that someone figured out how to make orichalcum and its premium just collapsed. Counterfeiters had long figured out how to mix wrap a coin in silver and strike it to make it appear it was silver, but also to use chemicals to cause the silver to appear on the surface. We cannot rule out that someone had figured out how to make brass and thus it lost its premium.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Conclusion-4.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-156892 aligncenter" decoding="async" height="204" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Conclusion-4.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Conclusion-4.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Conclusion-4-300x122.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The value of any currency is entirely based on belief. Once the ancients figured out that orichalcum was just an alloy and could be made, then it no longer seems as more valuable than silver. <b>Even cryptocurrency is worthless. Its entire valuation is simply based that others believe it has some value. Money at its most basic core during a financial crisis is predicated upon its utility value.</b> Hence, in Japan, bags of rice became money. It is unlikely that even cryptocurrency will survive the transition post-2032. Precious metals ONLY in the form of some recognizable coin will be accepted like the Japanese accepted Chinese coins. Barter will return as it always has. That will most likely be in the form of food.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-88586309890771009182023-03-27T00:36:00.001-07:002023-03-27T00:36:11.210-07:00Gresham’s Law “Bad money drives out good“<p> Are Markets Irrational or or Analysts?Gresham, </p><p><br /></p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;"><br class="Apple-interchange-newline" />Posted Mar 27, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/future-forecasts/are-markets-irrational-or-or-analysts/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><br /></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Roman-Hoard-Britain.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-50374 aligncenter" decoding="async" height="265" sizes="(max-width: 354px) 100vw, 354px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Roman-Hoard-Britain.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Roman-Hoard-Britain.jpg 354w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Roman-Hoard-Britain-300x225.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Roman-Hoard-Britain-180x135.jpg 180w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="354" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> Mr. Armstrong; Who is being irrational? The markets or the analysts?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">KE</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/Como-Hoard-Milan-2018.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-81349 aligncenter" decoding="async" height="727" loading="lazy" sizes="(max-width: 580px) 100vw, 580px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/Como-Hoard-Milan-2018.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/Como-Hoard-Milan-2018.jpg 580w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/Como-Hoard-Milan-2018-300x376.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/Como-Hoard-Milan-2018-239x300.jpg 239w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="580" /></a></span></span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ANSWER:</span></span> That’s simple. It is the analysts. The markets are <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ALWAYS</span> correct. When you have bank failures unfolding, people will withdraw money out of caution. It is the very same reason there are ancient hoards of coins. You find coins in times of economic stress and uncertainty. This is a purely <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">RATIONAL</span> human response to uncertainty. It consistent for thousands of years. For any analyst to claim the markets are acting “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">irrationally</span>” only proves they should look for another profession.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-142344 aligncenter" decoding="async" height="413" loading="lazy" sizes="(max-width: 1025px) 100vw, 1025px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png 1025w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-300x121.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-600x242.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-768x309.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1025" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Sir Thomas Gresham began his career in 1543 working at Mercers’ Company at the age of 24 years old. He left England for Antwerp/Amsterdam which was the financial center of the day much like Wall Street. That was where he became a merchant businessman which was where banking existed in those days. He became an agent for King Henry VIII in the Antwerp/Amsterdam market. He became a trader and in so doing, he began to observe how capital moved.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Edward-VI-Sovereign.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157530 alignright" decoding="async" height="191" loading="lazy" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Edward-VI-Sovereign.jpg" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="200" /></a>The interesting aspect was that he was called in as a sort of crisis manager as I have been during financial upheavals. In 1551, Sir William Dansell, who was King’s Merchant there in the markets, ended up putting the English Government into a financial crisis thanks to his mismanagement. The English turned to Gresham for advice since he became quite astute at trading. They adopted his proposals. It was then that Gresham proposed a very ingenious tact. <b>He advocated a FOREX intervention to push the pound higher on the Antwerp change. His intervention proved so successful that in just a few years King Edward VI had discharged almost all of his debts. By pushing the pound higher, he was able to <u>repay the previous debts by devaluing them.</u></b></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/MARY-1553-1558.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><img alt="" class="size-full wp-image-157532 alignleft" decoding="async" height="309" loading="lazy" sizes="(max-width: 446px) 100vw, 446px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/MARY-1553-1558.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/MARY-1553-1558.jpg 446w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/MARY-1553-1558-300x208.jpg 300w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="446" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Therefore, the English Crown sought Gresham’s advice in all their finances until Mary came to the throne in 1553. Gresham was instantly pushed aside for Alderman William Dauntsey, who lacked trading experience and quickly sent the Crown into financial stress. Gresham was called back to deal with the mess once again.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Under Queen Elizabeth’s reign (1558–1603), he continued as a financial agent of the Crown and also became the Ambassador Plenipotentiary to the Governor of the Netherlands. This was the period of civil unrest in Antwerp which compelled him to return to England in 1567. This is also when the English had the founding of the Royal Exchange to compete with the Netherlands. It was Gresham who made the proposal to build, at his own expense, a bourse or exchange. This demonstrated that Gresham was a trader and understood how capital flowed.<br style="box-sizing: border-box;" />Apart from some small sums to various charities, Gresham bequeathed the bulk of his property (consisting of estates in London and around England giving an income of more than 2,300 pounds a year) to his widow and her heirs, with the stipulation that after her death his own house in Bishopsgate Street and the rents from the Royal Exchange should be vested in the Corporation of London and the Mercers Company, for the purpose of instituting a college in which seven professors should read lectures, one each day of the week, in astronomy, geometry, physic, law, divinity, rhetoric and music.[1] Thus, Gresham College, the first institution of higher learning in London, came to be established in 1597.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-157534 aligncenter" decoding="async" height="537" loading="lazy" sizes="(max-width: 704px) 100vw, 704px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement.jpg 1119w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement-300x229.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement-1024x781.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement-768x585.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Henry-VIII-Gold-Debasement-600x457.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="704" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Greshams-Law.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157533 aligncenter" decoding="async" height="98" loading="lazy" sizes="(max-width: 546px) 100vw, 546px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Greshams-Law.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Greshams-Law.png 546w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Greshams-Law-300x54.png 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="546" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-76210 alignright" decoding="async" height="338" loading="lazy" sizes="(max-width: 462px) 100vw, 462px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg 1095w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-300x219.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-600x439.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-768x562.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-1024x749.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-180x132.jpg 180w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="462" /></a>Gresham’s Law (stated simply as: “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Bad money drives out good</span>“). He concluded this from his observations that foreign exchange back then was based on the metal content and weight of the coinage. Therefore, as debasement took place, people would hoard the old coinage of higher quality and spend the debased. Thus, the bad money drove out the good and actually shrunk the money supply in circulation.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">He urged Queen Elizabeth to restore the debased currency of England. In so doing, you got to repay old debts with debased currency. Governments to this day practice that same trick. Repaying a 30-year bond today the bondholder cannot buy what the money was once worth 30 years ago. The interest does not really compensate for the loss of purchasing power over long periods of time.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-70222448786230483792023-03-23T03:55:00.000-07:002023-03-23T03:55:04.201-07:00the 1933 Bank Holiday – Can it Happen Again?<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 23, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-variation-settings: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><div class="heateorSssClear" style="border: 0px; box-sizing: border-box; clear: both; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="heateor_sss_sharing_container heateor_sss_horizontal_sharing" data-heateor-sss-href="https://www.armstrongeconomics.com/world-news/banking-crisis/the-1933-bank-holiday-can-it-happen-again/" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="heateor_sss_sharing_title" style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-scaled.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="alignnone size-full wp-image-157409" decoding="async" height="750" sizes="(max-width: 2560px) 100vw, 2560px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-scaled.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-scaled.jpg 2560w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-300x88.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-1024x300.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-768x225.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-1536x450.jpg 1536w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-2048x600.jpg 2048w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bank-Holiday-March-4-1933-600x176.jpg 600w" style="border: 0px; box-sizing: border-box; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="2560" /></a></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the same thing for different reasons before the banking crisis. Can you offer any historical perspective?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Thank you. You seem to be the only real source these days.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Pete</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> The Bank Holiday took place the first week of March 1933. It began with governors closing down the banks in their states. Once one began, like COVID rules, they quickly jumped on the bandwagon. As reported by March 4th, 1933, some 41 states had already declared a banking holiday. Back then, the president took office in March – not January. Thus, Roosevelt was sworn in on March 4th, 1933. As the new president, FDR delivered what is arguably his best-known speech.</p><div class="sqs-block quote-block sqs-block-quote null" data-block-type="31" id="block-yui_3_17_2_1_1551720972105_23332" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div class="sqs-block-content" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><figure class="block-animation-none" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><blockquote data-animation-role="quote" style="background: rgb(236, 236, 236); border-radius: 5px; border: 0px; box-sizing: border-box; color: #383838; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 18px; font-stretch: inherit; font-style: italic; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 1.45; margin: 0.25em 0px; padding: 11px 41px; position: relative; quotes: none; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 0px; padding: 0px; vertical-align: baseline;">“So, first of all, let me assert my firm belief that <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">the only thing we have to fear is…fear itself</span> — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and of vigor has met with that understanding and support of the people themselves which is essential to victory. And I am convinced that you will again give that support to leadership in these critical days.”</p></blockquote></figure></div></div><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The following day, Roosevelt declared a national banking holiday on March 5th, 1933. Then Congress responded by passing the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Emergency Banking Act</span> <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">of 1933</span> on March 9th, 1933. This action was combined with the Federal Reserve’s commitment to supply unlimited amounts of currency to reopened banks. Back then, they effectively created a de facto 100% deposit insurance and this was before the FDIC was created.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">However, what the history books have omitted because it revealed the real reason for the major banking crisis, was the confiscation of gold precisely as Germany did in December 1922 seizing 10% of all assets which unleashed hyperinflation in 1923.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">In Herbert Hoover’s memoirs (1951), he documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would confiscate gold in 1932 <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">BEFORE</span> the election. These rumors spread and people ran to banks to withdraw their funds. The night before the election in 1932, FDR denied that he would do such a thing. After FDR won the election, the real bank panic began. FDR would not take office until March 1933.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-81562 aligncenter" decoding="async" height="504" loading="lazy" sizes="(max-width: 533px) 100vw, 533px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency.jpg 933w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency-300x284.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency-600x567.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2018/09/1929-Size-Reduction-US-Currency-768x726.jpg 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="533" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-75956 alignright" decoding="async" height="353" loading="lazy" sizes="(max-width: 448px) 100vw, 448px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares.jpg 672w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares-300x236.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares-600x472.jpg 600w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/1931-NYSE-Banking-Crisis-listing-shares-180x142.jpg 180w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="448" /></a>The run on banks began as the Great Depression started. In 1929 alone, 659 banks closed their doors due to mismanagement and speculation. Ironically, to save money on paper, it was also in 1929 when the currency was reduced in size to save money. This time, they want to move to digital and save 100% on printing money. Here in 2023, the failures are due to the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">WOKE</span> agenda which has deprived the banks of risk management rather than speculation.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">However, as the 1931 <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Sovereign Debt Crisis</span> hit, the number of bank failures skyrocketed. Goldman Sacks and others were selling foreign bonds to Americans in small denominations., As Europe began to default, US banks holding foreign debt and individuals in need of cash led to a banking panic for external reasons. Here is a chart showing the listing of bonds on the NYSE. We can easily see the collapse in the bond market thanks to the 1931 <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Sovereign Debt Crisis</span>.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">By 1932, an additional 5,102 banks went out of business. Families lost their life savings overnight. Thirty-eight states had adopted restrictions on withdrawals in an effort to forestall the panic. By March 4th, 41 states had declared a bank holiday shutting down banks. Bank failures increased in 1933, and Franklin Roosevelt deemed remedying these failing financial institutions his first priority after being inaugurated.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">However, it was actually the election of FDR that started the banking crisis post-1931. Hoover pleaded with FDR to please come out and address the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">gold confiscation</span> rumors. People had been hoarding their gold coins fearing the rumored confiscation. Despite Hoover’s plea for FDR to come out and deny the rumors after the election, he remained silent. Given FDR’s manipulation of Japan and the attack on Pearl Harbor which he appeared to instigate with sanctions confiscating Japanese assets in the USA, denying the sale of any energy to Japan, and then threatening to use the fleet to block them from buying fuel from anywhere else, They Japanese attacked Pearl Harbor. There were Senate investigations afterward about FDR’s role because the US had already broken the Japanese code and knew in advance about the attack on Pearl Harbor. He did that to force the US into World War II.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1924-Gold-Hoard-3.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-156837 alignleft" decoding="async" height="323" loading="lazy" sizes="(max-width: 264px) 100vw, 264px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1924-Gold-Hoard-3.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1924-Gold-Hoard-3.jpg 597w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1924-Gold-Hoard-3-300x368.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1924-Gold-Hoard-3-245x300.jpg 245w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="264" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">It was in his character to remain silent and create the worst banking crisis in history before he was sworn in as president. FDR was a radical socialist and many viewed that he admired Lenin. If it were not for Mr. Jones exposing the truth behind Stalin, even the corrupt New York Times journalist promoting Stalinism was meeting with FDR. The run on the banks became massive when FDR won the election on November 8th, 1932. FDR allowed the banking system to implode with people rushing to withdraw the money in gold coins.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">At 1:00 a.m. on Monday, March 6th, 1933, President Roosevelt issued <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Proclamation 2039</span> ordering the suspension of all banking transactions, effective immediately. Roosevelt had taken the oath of office only thirty-six hours earlier.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The terms of the presidential proclamation specified:</p><blockquote style="background: rgb(236, 236, 236); border-radius: 5px; border: 0px; box-sizing: border-box; color: #383838; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 18px; font-stretch: inherit; font-style: italic; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: 1.45; margin: 0.25em 0px; padding: 11px 41px; position: relative; quotes: none; vertical-align: baseline;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 0px; padding: 0px; vertical-align: baseline;"><em style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">[N]o such banking institution or branch shall pay out, export, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever, of any gold or silver coin or bullion or currency or take any other action which might facilitate the hoarding thereof; nor shall any such banking institution or branch pay out deposits, make loans or discounts, deal in foreign exchange, transfer credits from the United States to any place abroad, or transact any other banking business whatsoever.</span></em></p></blockquote><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">For an entire week, Americans would not have access to banks or banking services. They could not withdraw or transfer their money, nor could they make deposits. The entire economy ran simply on cash in your pocket.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/GoldCoins.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157410 alignright" decoding="async" height="185" loading="lazy" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/GoldCoins.jpg" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="273" /></a>While the first phase of the banking crisis unfolded after 1929 due to <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">speculation losses </span>(hence <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Glass–Steagall </span>Act), then the second phase was the 1931 <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Sovereign Debt Crisis</span>, it was the third phase with the election of FDR that led to thousands of banks failing as there was a mad rush to withdraw your gold coin. But a new round of problems that began in early 1933 placed a severe strain on New York banks, many of which held balances for banks in other parts of the country. About 4,000 banks failed during this period alone bringing the total to over 9,000.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Much to everyone’s relief, when the institutions that could reopen for business on March 13th, 1933 saw depositors standing in line to return their stashed cash to neighborhood banks. Within two weeks, Americans had redeposited more than half of the currency that they had withdrawn post-FDR’s election on November 8th, 1932. This would prove to be a sneaky trick of FDR to get people to redeposit all the gold coins they had withdrawn – as we are about to explore.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1933-Bank-Holiday.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157411 aligncenter" decoding="async" height="480" loading="lazy" sizes="(max-width: 635px) 100vw, 635px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1933-Bank-Holiday.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1933-Bank-Holiday.png 635w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1933-Bank-Holiday-300x227.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/1933-Bank-Holiday-600x454.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="635" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Market-Rally-Bank-Holiday-3-15-33.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157414 alignleft" decoding="async" height="1005" loading="lazy" sizes="(max-width: 247px) 100vw, 247px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Market-Rally-Bank-Holiday-3-15-33.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Market-Rally-Bank-Holiday-3-15-33.png 247w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Market-Rally-Bank-Holiday-3-15-33-74x300.png 74w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="247" /></a>The stock market was also ordered closed when FDR came to power. With the cleverness of a real con artist operating a Ponzi Scheme to gain the confidence of the people, FDR needed the gold coin to be deposited for Phase 4 of the banking crisis. On March 15th, 1933, (The Ides of March), the stock market was allowed to reopen. On the first day of trading, the New York Stock Exchange recorded the largest one-day percentage price increase ever.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-73083 alignright" decoding="async" height="326" loading="lazy" sizes="(max-width: 240px) 100vw, 240px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau.jpg 446w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau-300x408.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau-221x300.jpg 221w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau-132x180.jpg 132w, https://www.armstrongeconomics.com/wp-content/uploads/2018/01/Keynes-Morgaenthau-442x600.jpg 442w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="240" /></a>The week before the closure, the Dow Jones Industrials fell to 49.68. The week following the closure, the Dow rallied to 64.56 – a percentage gain of virtually 30% over the banking holiday. The shorts who were better on the collapse of the market once it reopened were devastated. It was a major short-covering rally.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">With the benefit of hindsight, the nationwide Bank Holiday and the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Emergency Banking Act</span> of March 1933, ended the bank runs that had plagued the Great Depression, but it also set the stage for the confiscation of gold. What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions in 1933 were not directed simply at gold. He was embarking on what he called the New Deal, which was a Marxist Agenda that was very popular at the time. His New Deal would<span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">end austerity</span>, whereby they were maintaining a balanced budget in the belief that they needed to inspire confidence in the currency.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">It was this balanced budget philosophy that also inspired John Maynard Keynes who argued that in times of economic distress when the demand has collapsed, that is when the state needs to run a deficit and increase the money supply. There was a simultaneous international flight of capital from Europe to the United States in the face of European sovereign debt defaults. That capital flight lasted for nearly two years until FDR won the election in 1932. There was much concern that Roosevelt would do what Germany did in 1922 in confiscating assets. That was the rumor about the possible confiscation of gold.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Dollar-Index-1900Party-M-1921-1939.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-157417 aligncenter" decoding="async" height="348" loading="lazy" sizes="(max-width: 464px) 100vw, 464px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Dollar-Index-1900Party-M-1921-1939.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Dollar-Index-1900Party-M-1921-1939.jpg 640w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Dollar-Index-1900Party-M-1921-1939-300x225.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/US-Dollar-Index-1900Party-M-1921-1939-600x450.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="464" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Milton Friedman criticized the Fed because the capital flows poured into the US but they refused to monetize it. We can see that as Europe defaulted on its debts in 1931, the capital rushed head-first into the dollar. Then we see that the dollar peaked in November 1932 with the election of FDR fearing that would weaken the dollar and exploit the economy. All this gold came to the USA pushing the dollar higher, but the Fed refused to monetize it, was Milton’s criticism. The backing of gold behind the dollar doubled in supply between 1929 and 1931.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">So, you must separate gold and the devaluation of the dollar to comprehend what the issue was all about. FDR could have simply abandoned the gold standard, as did Britain, and not confiscated gold. However, that would have also been sufficient to end austerity. But the bankers would have profited and sold the gold overseas at higher prices. Roosevelt in his confiscation of gold was intended to deprive the private sector of profiting from his devaluation of the dollar which was rising the price of gold from $20 to $35. You must keep in mind that he even degraded Pierre du Pont (1870-1954) and called him the “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Merchant of Death</span>” because he produced arms for World War I and made a profit off of that war demand. Many saw Roosevelt as a traitor to his own class.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"> </p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2013/08/ExecutiveOrder-Gold-Confiscation.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="ExecutiveOrder-Gold-Confiscation" class="size-full wp-image-32368 alignright" decoding="async" height="207" loading="lazy" src="https://www.armstrongeconomics.com/wp-content/uploads/2013/08/ExecutiveOrder-Gold-Confiscation.jpg" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="250" /></a>The<span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">confiscation of the gold</span><span class="apple-converted-space" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span>was for two reasons. First, FDR was changing the monetary system from one where there was no distinction domestically from internationally to a two-tier system. Gold would freely circulate without restriction only internationally. Therefore, the confiscation of gold was altering the monetary system moving to a two-tier monetary system with gold only used in international transactions.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Consequently, FDR confiscated gold to move to a two-tier system and to deprive Americans of any profit from his devaluation. What FDR then did was confiscate gold from all institutions ordering them to turn over whatever they had. Ironically, this move was intended to target bankers rather than the public. FDR did not have people knocking on every door demanding all their gold. That is why there are plenty of US gold coins that have survived. If individuals possessed them rather than an institution, then they kept what they owned</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Therefore, Roosevelt was able to seize whatever gold existed in banks. He declared all contracts void that had gold provisions for payment. It was in <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">Perry v. United States</span> – 294 U.S. 330 (1935)</span> that the US Supreme Court ruled that Congress, by virtue of its power to deal with gold coin as a medium of exchange, was authorized to prohibit its export and limit its use in foreign exchange. Hence, the restraint thus imposed upon holders of gold coins was incidental to their ownership of it, and gave them no cause of action. id/P. 294 U. S. 356.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Supreme Court held that it could not say that the exercise of this power by Congress was arbitrary or capricious. id/P. 294 U. S. 356. They held that even if the Government’s repudiation of the gold clause in the government bonds was unconstitutional, it did not entitle the plaintiff to recover more than the loss he has actually suffered, and of which he may rightfully complain. id/P. 294 U. S. 354. Therefore, the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Joint Resolution of June 5, 1933,</span> held:</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px 0px 0px 40px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“insofar as it undertakes to nullify such gold clauses in obligations of the United States and provides that such obligations shall be discharged by payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts, is unconstitutional.</i>”</span> id/P. 294 U. S. 349.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Yet, swapping gold for dollars created no loss that was cognizable even though the taking of gold was unconstitutional. Clearly, the Supreme Court did not consider the loss in terms of foreign exchange. The Court reasoned:</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px 0px 0px 40px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><i style="border: 0px; box-sizing: border-box; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-variation-settings: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“Plaintiff has not attempted to show that, in relation to buying power, he has sustained any loss; on the contrary, in view of the adjustment of the internal economy to the single measure of value as established by the legislation of the Congress, and the universal availability and use throughout the country of the legal tender currency in meeting all engagements, the payment to the plaintiff of the amount which he demands would appear to constitute not a recoupment of loss in any proper sense, but an unjustified enrichment.”</i></span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IBBPUS-M.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-157418 aligncenter" decoding="async" height="480" loading="lazy" sizes="(max-width: 637px) 100vw, 637px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IBBPUS-M.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IBBPUS-M.png 637w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IBBPUS-M-300x226.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/IBBPUS-M-600x452.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="637" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">In my understanding of the law, those who argued before the Court made purely a domestic argument. A dollar was still a dollar in domestic terms so there was no cognizable loss and the Court did not reach the constitutional question. Had they argued that their loss was with respect to some debt owed in British pounds, they there was a loss. Purely domestically, the only loss would have been to inflation and the Court would never rule against the government on such an issue.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-86898 aligncenter" decoding="async" height="383" loading="lazy" sizes="(max-width: 681px) 100vw, 681px" src="https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears.png 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears-300x169.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears-600x337.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Inflation-Fears-768x432.png 768w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="681" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="alignnone size-full wp-image-157419" decoding="async" height="113" loading="lazy" sizes="(max-width: 905px) 100vw, 905px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of.png 905w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of-300x37.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of-768x96.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Confidence-Its-a-Matter-of-600x75.png 600w" style="border: 0px; box-sizing: border-box; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="905" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">All of that said, there does not appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming. And as for those claiming the Fed will reverse its position, say inflation is suddenly no longer a problem, and monetize everything in sight, this is even too big for the Fed. have to create QE and absorb all the debt, there to things have changed. If the Fed does that, it will also lose all credibility. It squarely understands that inflation comes from handing Ukraine a black check to the most corrupt government in the world. The Fed raised rates yesterday for it cannot back down. It is choreographing the best it can but the bankers do not listen.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-variation-settings: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">If they simply stand behind all the deposits, then there will be no panic. That is what they did in 1933 and the market rallied in confidence thereafter.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-91276146719674354872023-03-08T23:37:00.000-08:002023-03-08T23:37:10.788-08:00The Debt Crisis – What Really Falls to Dust?<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Mar 9, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-156713 aligncenter" decoding="async" height="357" sizes="(max-width: 1166px) 100vw, 1166px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23.png 1166w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23-300x92.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23-1024x314.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23-768x235.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/World_Debt_Securities_and_Loans_Liability-3-7-23-600x184.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="1166" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> The sales pitch seems to be that there is this <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: large; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">$2 quadrillion in global debt that overhangs everything. Paper assets, therefore, will all implode! They seem to be saying that </span><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: large; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">everything has risen due to this debt bubble and it was all created with Zero interest rates. Now that they are going up, the debt bubble will burst and everything will decline. The story seems to be that this </span><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: large; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">decades-long Boom Bust cycle was created over and over by the Federal Reserve. </span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">This seems to be like you have said, they try to reduce everything to a single cause and effect.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">What really happens?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">PCJ</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-76210 aligncenter" decoding="async" height="519" loading="lazy" sizes="(max-width: 709px) 100vw, 709px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats.jpg 1095w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-300x219.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-768x562.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-1024x749.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-180x132.jpg 180w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Henry-VIII-Debased-Groats-600x439.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="709" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> These people seem to keep preaching the same story but have no historical understanding whatsoever of how the monetary system has ever worked. Their focus on the Federal Reserve shows that they are not looking at the world economy and they do not even comprehend how bad things really are outside the United States. They do not comprehend what is an interest rate. It is the compensation to a lender for his anticipation of inflation plus a profit. If I think the dollar will decline by 50%, why would I lend you dollars for a year if when you pay me back it buys half of what it did when I lent it to you?</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/09/Wall_Street_Michael-Douglas.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-148297 aligncenter" decoding="async" height="346" loading="lazy" sizes="(max-width: 243px) 100vw, 243px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/09/Wall_Street_Michael-Douglas.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/09/Wall_Street_Michael-Douglas.png 439w, https://www.armstrongeconomics.com/wp-content/uploads/2022/09/Wall_Street_Michael-Douglas-211x300.png 211w, https://www.armstrongeconomics.com/wp-content/uploads/2022/09/Wall_Street_Michael-Douglas-300x427.png 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="243" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Debt can be a performing asset. I advised many of the Takeover Boys during the 1980s. We would borrow in one currency to buy the asset in another using the computer to distinguish the long-term trends. I would not recommend that to someone just operating on a gut feeling.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-49506 alignright" decoding="async" height="264" loading="lazy" sizes="(max-width: 533px) 100vw, 533px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982.jpg 1059w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982-300x149.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982-768x381.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982-1024x508.jpg 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982-180x89.jpg 180w, https://www.armstrongeconomics.com/wp-content/uploads/2016/04/Dow-Jones-Earnings-Book-Value-1937-1982-600x297.jpg 600w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="533" /></a>We were also advising on real values, which Hollywood distorted and based the movie Wall Street with Michael Douglas and his famous speech on greed. What they did not really understand was that after a Public Wave that peaked in 1981, stocks were suppressed and the full-faith in government created the broadly supported bond market. Hence – bonds were conservative and stocks were risky. There were two aspects that were behind the entire Takeover Boom.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-%E2%80%93-February-6-1995.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-156742 alignleft" decoding="async" height="262" loading="lazy" sizes="(max-width: 295px) 100vw, 295px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-%E2%80%93-February-6-1995.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-–-February-6-1995.jpg 927w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-–-February-6-1995-300x266.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-–-February-6-1995-768x682.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Asia-Kabushiki-Shinbun-–-February-6-1995-600x533.jpg 600w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="295" /></a>First, I was showing these charts and how <b>in terms of book value, the Dow Jones bottomed in 1977. It was obvious that if you could buy a company, sell its assets, and double or triple your money, then the market was obviously not overpriced.</b> We had forecast that the Dow was undervalued and that it would rise from the 1982 low of 769.98 and test the 2500 level in two years in 1985. Indeed, it reached 2695.47 by September 1987. We also projected that by the next decade, the Dow would test 6,000 on its next rally.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Even the press in Japan was shocked. We were also projected that Crude would fall below $10 in 1998. Indeed, that forecast was covered by Mark Pitman at Bloomberg News. It bottomed at $10.65 in 1998. In gold would forecast that it would drop to test $250 by 1999 completing a 19-year cycle low. Then gold would rally to test 1,000. Gold reached the $1,000 level by 2008. The Japanese press thought those forecasts were wild, to say the least.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Mellon-Gentlemen-Prefer-Bonds-C.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-156740 aligncenter" decoding="async" height="322" loading="lazy" sizes="(max-width: 738px) 100vw, 738px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Mellon-Gentlemen-Prefer-Bonds-C.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Mellon-Gentlemen-Prefer-Bonds-C.jpg 738w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Mellon-Gentlemen-Prefer-Bonds-C-300x131.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Mellon-Gentlemen-Prefer-Bonds-C-600x262.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="738" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The SECOND aspect of our advice to the takeover boys of the ’80s was something the press <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> understood. We would advise borrowing in one currency for an asset in another. We were able to turn debt into a performing asset. We would make 20-40% profit on the currency alone. Often, the press would just look at the debt and not understand what we were even doing.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-142344 aligncenter" decoding="async" height="278" loading="lazy" sizes="(max-width: 690px) 100vw, 690px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law.png 1025w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-300x121.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-768x309.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2022/02/Gresham-Law-600x242.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="690" /></a></span></span></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Most of this reasoning stems from Sir Tomas Gresham’s observations when he represented England at the Amsterdam exchange during the reign of Henry VI’s reign and debasement. As Henry debased the silver coinage as was taking place in Spain, the more they debased the coinage, the higher the inflation took place. His observation that bad money drives out the good has been grossly misunderstood. When I was growing up, they took the silver out of the coinage in 1965. People were culling out the silver showing that the debased new coinage of 1965 drove out of circulation the old silver coinage. The same thing has taken place with the copper pennings.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Because people hoard old coinage, the money supply shrinks. That then forces the government to issue far more debased coinage to compensate for the coinage that has been withdrawn from hoarding. Consequently, inflation unfolds for all tangible assets to rise in value as expressed in the newly debased coinage.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Economic-Collapse.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-156745 aligncenter" decoding="async" height="347" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Economic-Collapse.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Economic-Collapse.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Economic-Collapse-300x208.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/INTR-200B.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-156746 alignleft" decoding="async" height="193" loading="lazy" sizes="(max-width: 256px) 100vw, 256px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/INTR-200B.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/INTR-200B.jpg 577w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/INTR-200B-300x226.jpg 300w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="256" /></a>What these people always try to sell is the same old scenario that they cannot point to a single instance in history where everything collapses to dust but only gold survives. Such periods will typically result in revolution. When Caesar crossed the Rubicon, that was also all bout a debt crisis.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">You must also understand that interest rates will be at their LOWEST internationally in the core economy of the Financial Capital of the World – which is the USA right now. The further you move from the center, the higher the interest rate will be. Hence, I have warned that the United States will be the LAST to fall – never the first. This is not based upon my opinion, this is simply historical fact.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">We have interest rates back to 3000 BC and have studied the impact of such convulsions in economic history. As for the Debt Crisis that forced Caesar to cross the Rubicon, I suggest you read <a href="https://www.armstrongeconomics.com/writings/2012-2/anatomy-of-a-debt-crisis/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><em style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Anatomy of a Debt Crisis that appears, only Julius Caesar ever understood. </span></em></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2016/10/WorldIntRates-2012.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-57404 aligncenter" decoding="async" height="473" loading="lazy" sizes="(max-width: 599px) 100vw, 599px" src="https://www.armstrongeconomics.com/wp-content/uploads/2016/10/WorldIntRates-2012.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2016/10/WorldIntRates-2012.jpg 599w, https://www.armstrongeconomics.com/wp-content/uploads/2016/10/WorldIntRates-2012-300x237.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2016/10/WorldIntRates-2012-180x142.jpg 180w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="599" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox-wrap" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="alignnone size-full wp-image-156747" decoding="async" height="105" loading="lazy" sizes="(max-width: 927px) 100vw, 927px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line.png 927w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line-300x34.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line-768x87.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Bottom-Line-600x68.png 600w" style="border: 0px; box-sizing: border-box; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="927" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Bottom Line is very simple. There is just no such period as people describe where everything turns to dust and only gold survives. Even if that were true, they what good would the gold do if everything else is worth ZERO? Gold would have also ZERO value since nothing would have value.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The real issue is that as government defaults unfold, tangible assets will rise in value for the amount of money in debt always dwarfs that in even the stock market. We are in a Sovereign Debt Crisis and that is very different from a private debt crisis.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-62421497341062322772023-02-02T23:48:00.009-08:002023-02-02T23:50:30.844-08:00War, Real Estate, Interest rate and Inflation<p>War and Real Estate </p><p><br /></p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-weight: 400; line-height: 14px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; margin: -15px 0px 0px; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Feb 3, 2023 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">QUESTION:</span></span> Dear Sir,<br style="box-sizing: border-box;" />Hello from Europe and a hopeful new year.<br style="box-sizing: border-box;" />In WW2 in Athens, people were exchanging their apartments for a few liters of olive oil, hence real estate went really down.<br style="box-sizing: border-box;" />The short question that you can answer even with a yes or no:<br style="box-sizing: border-box;" />If this year’s aggressivity in terms of war actions will rise, what happens? Will real estate fall on the first stage and then – due to governmental actions – will rise again?<br style="box-sizing: border-box;" />It is a bit confusing while I am trying to understand the mechanism… economy is not simple at all.<br style="box-sizing: border-box;" />Thank you.<br style="box-sizing: border-box;" />SM</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-153335 aligncenter" decoding="async" height="302" loading="lazy" sizes="(max-width: 734px) 100vw, 734px" src="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22.png 1909w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22-300x123.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22-1024x421.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22-768x316.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22-1536x632.png 1536w, https://www.armstrongeconomics.com/wp-content/uploads/2023/01/Italy-Real-Estate-Y-10-17-22-600x247.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="734" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;">ANSWER:</span></span> The real truth about real estate and war, declines the closer you get to the action. When we look at our models for European real estate, it clearly shows 2023 as a directional change and it appears to be heading into a Panic Cycle for 2027. Our leaders project like we should all go charge into Russia and defeat it in a matter of weeks or just days. Besides the fact that they never discuss that civilian deaths are twice as high as military, they also never talk about how the net worth of everyone in Europe will decline. Your house will decline in value for <b>(1) people are not interested in buying a new home in times of uncertainty, and (2) interest rates will rise sharply due to inflation which is also part of the war cycle.</b></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-59931 aligncenter" decoding="async" height="349" loading="lazy" sizes="(max-width: 735px) 100vw, 735px" src="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement.jpg 735w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement-300x142.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement-180x85.jpg 180w, https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Lydia-Debasement-600x285.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="735" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Lydia, in modern Turkey where coins were invented, shows the impact of war. It was Lydia v Person (Cyrus the Great) and we see the very first debasement in recorded history which accompanies war. The coinage was debased showing roughly a 25% devaluation in the purchasing power during the 6th century BC.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-83313 aligncenter" decoding="async" height="261" loading="lazy" sizes="(max-width: 559px) 100vw, 559px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC.jpg 886w, https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC-300x140.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC-768x359.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2018/12/Athens-Emergency-SIlver-Tetradrachms-404BC-600x280.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="559" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The Peloponnesian War in Greece saw the Athenian Owl reduced from silver to bronze and just silver plated. We find the same trend in Rome. There is <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NEVER</span> any exception to this rule.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Beware, as the West insists upon expanding this war, you are sacrificing all your life savings in real estate for the political nonsense of our leaders in Europe as a whole. They are true war criminals. They could settle this in a day. Just honor the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Minsk Agreement.</span></p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-46458274025675610482022-12-11T22:59:00.000-08:002022-12-11T22:59:35.462-08:00China & the Cycles - civil unrest which may start to come to a head by October 2023,<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-weight: 400; line-height: 14px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; margin: -15px 0px 0px; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Dec 12, 2022 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-151189 aligncenter" decoding="async" height="460" sizes="(max-width: 585px) 100vw, 585px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM.png 817w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM-300x236.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM-768x603.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Tiananmen-Square-ECM-600x471.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; margin: 5px 20px auto auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="585" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Tiananmen Square protests</span> culminated on June 4th, 1989 (1989.424). While the COVID Protests have been rising in China and the lockdowns have been deployed more so for the control of <b>civil unrest which may start to come to a head by October 2023,</b> the Pi Target was October 27th, 2020 and the day before, the 26th, was when US Secretary of State Anthony Blinken reneged on all previous agreements with China since Nixon. He issued a statement regarding Taiwan and launched a new Cold War with China. China’s Foreign Ministry spokesman Zhao Lijian on the precise target of the 27th made it clear that the Biden Administration violated all previous agreements including the <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">one-China</span> principle. The whole Biden statements and Pelosi’s trip suddenly supporting Taiwan appears to have been to actually instigate a war. It now appears with rising civil unrest, governments typically need an external diversion and that may now become Taiwan.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-31030764787803614922022-12-02T23:35:00.004-08:002022-12-02T23:35:44.784-08:00How Thinking has Inverted What was Up is now Down<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Dec 2, 2022 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">I was in conversation with people I know in Europe. It is like the entire world has flipped upside down. This <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Climate Change Agenda</span> is something far more sinister than anyone in mainstream media is willing to print for it has really little to do with saving the planet. If you are <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">pro-War</span> with Russia, which is all the mainstream media and politicians, then you are now “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">progressive</span>” and/or “<span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">liberal</span>” and if you are against the war then you are a <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">right-wing extremist</span>. It is just fashionable to now desire World War III. Never in my wildest imagination when I stood up at our 2011 World Economic Conference in Philadelphia and put up our forecast that our model on war would turn up in 2014, did I ever expect war to become fashionable.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-150909 aligncenter" decoding="async" height="463" loading="lazy" sizes="(max-width: 860px) 100vw, 860px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests.png 1112w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests-300x162.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests-1024x552.png 1024w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests-768x414.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/1967-68-Vietname-War-Protests-600x323.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="860" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Desk-hiding.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-150910 alignright" decoding="async" height="189" loading="lazy" sizes="(max-width: 294px) 100vw, 294px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Desk-hiding.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Desk-hiding.png 622w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Desk-hiding-300x193.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Desk-hiding-600x386.png 600w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="294" /></a>I remember the ’60s when there were protests against Vietnam. No way that those protesters were labeled as “right-wing extremists” and the pro-war were “liberals” as is the case today. I will admit, that at first, I was pro-war believing that Communism was a great threat. I grew up during the ’50s when we would have drills and we were told to hide under our desks in case of a nuclear attack. Those drills in grade school had an impact on me. It really made you think that the Communists wanted to kill everyone. I remember the 1962 Cuban Missile Crisis and walking with my friends when I was just 12 years old talking about geopolitics. It was an era of mental conditioning and we seem to be going through a similar process with Climate Change and War.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">NETFLIX and AMAZON are both refusing to air anything that is anti-war calling them right-wing extremists. We seem to be dealing with a complete inversion of the thinking process that I noticed in reading all the newspapers to write the Greatest Bull Market in History back in 1986. Before 1929, rising interest rates was bullish for the stock market for it showed there was still a demand for money. After 1929 and the dawn of socialism, suddenly rising interest rates became bearish because the Federal Reserve wanted us to stop buying and save our cash.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Agents.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-150911 aligncenter" decoding="async" height="394" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Agents.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Agents.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Agents-300x236.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Prohibition.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-76073 alignright" decoding="async" height="261" loading="lazy" sizes="(max-width: 245px) 100vw, 245px" src="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Prohibition.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Prohibition.jpg 245w, https://www.armstrongeconomics.com/wp-content/uploads/2018/03/Prohibition-169x180.jpg 169w" style="border: 0px; box-sizing: border-box; float: right; font: inherit; height: auto !important; margin: 5px 20px 0px 40px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="245" /></a><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Pharamacy-Soda-Fountain-Prohibition.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-150915 alignleft" decoding="async" height="191" loading="lazy" sizes="(max-width: 286px) 100vw, 286px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Pharamacy-Soda-Fountain-Prohibition.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Pharamacy-Soda-Fountain-Prohibition.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Pharamacy-Soda-Fountain-Prohibition-300x200.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Pharamacy-Soda-Fountain-Prohibition-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; float: left; font: inherit; height: auto !important; margin: 5px 20px 0px 0px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="286" /></a>Here is a photo of Prohibition agents standing with a still and mason jars used to distill hard liquor in the Washington, D.C. area on November 11th, 1922. This was a similar movement where women blamed liquor for drunk and/or lazy husbands. Nationwide Prohibition lasted from <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">1920 until 1933</span>. The <span role="tooltip" style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" tabindex="0">Eighteenth Amendment</span>—which made illegal the manufacture, transportation, and sale of alcohol—was passed by the U.S. Congress in 1917. In 1919 the amendment was ratified by three-quarters of the nation’s states required to make it constitutional. It lasted for 13 years.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">During this 13-year period, Prohibition spawned the rise in candy as well as soft drinks. Coca-Cola was popular and was often sold at Soda Fountains that were common in drug stores. In fact, even in the 1950s, the Pharmacy on Main Street in the town I grew up in still had a soda fountain, and I recall going after school and having a milkshake with all the kids.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Edwards-Wilder-Stomach-Pills.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="wp-image-150916 aligncenter" decoding="async" height="447" loading="lazy" sizes="(max-width: 264px) 100vw, 264px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Edwards-Wilder-Stomach-Pills.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Edwards-Wilder-Stomach-Pills.jpg 413w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Edwards-Wilder-Stomach-Pills-177x300.jpg 177w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Edwards-Wilder-Stomach-Pills-300x508.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="264" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-150917 aligncenter" decoding="async" height="198" loading="lazy" sizes="(max-width: 800px) 100vw, 800px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet.jpg 800w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet-300x74.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet-768x190.jpg 768w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Wisharts-Pint-Treet-600x149.jpg 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="800" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">Indeed, Patent Medicines were all taxed starting with the Civil War. Some companies printed their own tax stamps. Even Coca-Cola was initially created as a medicine using cocaine and caffeine. The government suid Coke for fraud because they removed the cocaine and were told that caffeine was a health hazard. It seemed logical that Pharmacies end up creating soda fountains. Even into the early 1960s, you would go to the local Pharmacy for a milkshake.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Wets-1919.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-150918 aligncenter" decoding="async" height="357" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Wets-1919.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Wets-1919.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2022/11/Prohibition-Wets-1919-300x214.jpg 300w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">There were the “WETS” who staged a major protest on June 14, 1919, at the U.S. Capitol to support an appeal for the exemption of beer and wine from Prohibition. They did not listen to the WETS any more than they are listening to cries for peace – not war today. When our computer projected that war would start in 2014 and had pinpointed Ukraine, looking ahead post-2024, the world will be engulfed in war. There seems to be nobody interested in peace. They are now cheering for World War III. Hiding under the kitchen table or your desk in school is not going to work in a nuclear war. Everything has simply inverted. The anti-war are now right-wing extremists and the liberals are cheering war. I suppose it is part of the times when a Supreme Court justice cannot define what is a woman.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0tag:blogger.com,1999:blog-5129493457769134028.post-28648388719373965642022-12-01T10:27:00.002-08:002022-12-01T10:27:37.973-08:00The War Against Nitrogen Fertilizers is More Than You Realize<p> </p><p><br /></p><div class="contentMeta" style="background-color: #f2f2f2; border-bottom-color: rgb(206, 206, 206); border-bottom-style: solid; border-image: initial; border-left-color: initial; border-left-style: initial; border-right-color: initial; border-right-style: initial; border-top-color: initial; border-top-style: initial; border-width: 0px 0px 1px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px 0px 20px; vertical-align: baseline; width: 710px;"><h6 class="blogBreadcrumb postDate" style="border: 0px; box-sizing: border-box; color: #8d8d8d; float: right; font-family: Montserrat, Arial, Verdana, sans-serif !important; font-size: 12px; font-stretch: inherit; font-variant: inherit; font-weight: 400; line-height: 14px !important; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: -15px !important; padding: 0px; text-align: right; text-transform: uppercase; vertical-align: baseline; width: 355px;">Posted Dec 1, 2022 by Martin Armstrong</h6></div><div class="theContent" style="background-color: #f2f2f2; border: 0px; box-sizing: border-box; float: left; font-family: Montserrat, Arial, Verdana, sans-serif; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 710px;"><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.cbsnews.com/news/fertilizer-used-in-terror-bombs/" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><img alt="" class="size-full wp-image-150980 aligncenter" decoding="async" height="256" sizes="(max-width: 616px) 100vw, 616px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/2004_Fertilizer_Used_In_Terror_Bombs.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/2004_Fertilizer_Used_In_Terror_Bombs.png 616w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/2004_Fertilizer_Used_In_Terror_Bombs-300x125.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/2004_Fertilizer_Used_In_Terror_Bombs-600x249.png 600w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="616" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">COMMENT:</span></span> As an ex-soldier, whilst reading your posts regarding the Right to bear arms, Nitrogen fertilizer, and Diesel fuel I suddenly got a brain warp to the past. In Rhodesia with sanctions on us, we developed a bomb using Nitrogen fertilizer, blue soap, and <a href="https://www.nist.gov/publications/dieseline-supercritical-injection-and-combustion-compression-ignition-engines" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">diesaline</span></a>. It was similar to napalm. When the change came to Zimbabwe all our weapons were taken away from us and locked up. We also had to reapply for licenses for any private weapons. This shows that when you have an informed and prepared public the government is at a disadvantage. The current attack on fertilizer, auto fuels, and guns shows just how scared the WEF and their one world order are desperate to control these three commodities. WHY?<br style="box-sizing: border-box;" />CB</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income.png" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class=" wp-image-112166 aligncenter" decoding="async" height="401" loading="lazy" sizes="(max-width: 401px) 100vw, 401px" src="https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income.png" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income.png 1000w, https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income-300x300.png 300w, https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income-768x768.png 768w, https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income-600x600.png 600w, https://www.armstrongeconomics.com/wp-content/uploads/2020/06/Guaranteed-Basic-Income-100x100.png 100w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="401" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font: inherit; margin: 0px; padding: 0px; text-decoration-line: underline; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">REPLY:</span></span> I think you bring up a very good point that is often overlooked. Nitrogen fertilizer can be used to <a href="https://www.livescience.com/6413-fertilizer-bombs-work.html" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"><span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">make bombs</span></a>. They are doing their best to try to outlaw all guns. It seems they want more crazy people shooting up schools and then they demand the end to guns every time. There is no question that those in power <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">KNOW</span> the monetary system is collapsing. They have put forth Guaranteed Basic Income (GBI), <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">NOT</span> because they care about the people, they <span style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">ONLY</span> care about retaining power over the people. The EU has wiped out most pension funds with negative interest rates since 2014 and decrees that they must have government bonds between 70% and 90%. Scandinavia is outside of the EU.</p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;"><a aria-controls="fancybox" aria-haspopup="dialog" class="fancybox image" href="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Fertilizer-2.jpg" style="border: 0px; box-sizing: border-box; color: #3097dd; font: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;"><img alt="" class="size-full wp-image-150982 aligncenter" decoding="async" height="334" loading="lazy" sizes="(max-width: 500px) 100vw, 500px" src="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Fertilizer-2.jpg" srcset="https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Fertilizer-2.jpg 500w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Fertilizer-2-300x200.jpg 300w, https://www.armstrongeconomics.com/wp-content/uploads/2022/12/Fertilizer-2-165x110.jpg 165w" style="border: 0px; box-sizing: border-box; clear: both; display: block; font: inherit; height: auto !important; margin-bottom: auto; margin-left: auto !important; margin-right: 20px; margin-top: 5px; max-width: 100%; padding: 0px; vertical-align: baseline;" width="500" /></a></p><p style="border: 0px; box-sizing: border-box; color: #1c1c1c; font-family: Roboto, Arial, Verdana, sans-serif; font-size: 16px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 25.6px; margin: 20px 0px 0px; padding: 0px; vertical-align: baseline;">The GBI is to prevent millions of people from storming the Parliament with pitchforks when they wake up and their pensions are gone. Eliminating guns and even Nitrogen fertilisers are part of the effort to disarm the people. What is taking place in the Netherlands and this insane demand to end Nitrogen fertilizers under the pretense of Climate Change is more suited for a B-Rated SciFi movie with green lizard aliens coming to eat all humanity. They are using Climate Change for Political Change.</p></div>PhoenixTraderhttp://www.blogger.com/profile/18404667325903776705noreply@blogger.com0