The Student Loan Boycott

Posted Jan 25, 2024 By Martin Armstrong

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.

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 entitled to debt cancelation and will not pay a single penny as an act of resistance.

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.

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.

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.

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 Former President Bill Clinton repealed the Glass-Steagall Act of 1933 in November 1999.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.

September 2024 also happens to be when our models predict a massive rise in civil unrest and a potential DRAFT 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.

The Goths – Ancient Rome’s Migrant Crisis

Posted Jan 26, 2024 By Martin Armstrong

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 Goths, 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.

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.

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.

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.

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.

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.

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.

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.

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.

The Price of Dying – Repeal the Estate Tax

Posted Jan 26, 2024 By Martin Armstrong

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.

The 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. 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.

US Representative Randy Feenstra, a proponent of eliminating this absurd tax, believes this bill is hurting farmers in particular. I have heard similar sentiments from my own clients. People fled England to America to avoid government confiscation of property through taxation. 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.

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. 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.

Failing to repeal this tax will change American agriculture. As Rep. Feenstra notes:

“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. 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. 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.”

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.

Abraham Lincoln was never on the ballots in 10 states

Will the Supreme Court Save the Nation?

Posted Dec 28, 2023 By Martin Armstrong

The Supervisory Power of the Supreme Court

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 Michigan Supreme Court ruling against Colorado. Now, the State of Maine, another LEFTIST government, is also seeking to follow Colorado.

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 NEVER been used even once in history against any Southerner.

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.

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.

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.

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. 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.

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.

Revolution v Civil War - tripartite break up

Posted Dec 26, 2023 By Martin Armstrong |  

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:

Revolution – a forcible overthrow of a government or social order, in favor of a new system

Civil War – a war between citizens of the same country

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.”

 

 

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.

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.

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.

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.

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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.

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.

Data Analytical Services (DAS) – Hemisphere Project Expanded – Government Surveillance

Posted Nov 29, 2023 By Martin Armstrong |  

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 Data Analytical Services (DAS) to provide them with our digital footprints. The government is targeting everyone under the assumption that every American is a criminal.

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.

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.

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.

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.