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Were the Crusades just for Plunder & Money?

QUESTION: Were the Crusades inspired by economics? You mentioned how Venice looted Constantinople.

Thank you for making history interesting

KR

ANSWER: To understand the Crusades, we have to first look at what was the original justification. The Catholic Church encouraged pilgrimages from the 4th century, but they began really during the 1st-2nd century and built in intensity. Pilgrimages became very popular once Constantine the Great became emperor. Contemporary historians reported that Roman Emperor Hadrian (117-138 AD) built a temple dedicated to the goddess Venus in order to hide the cave in which Jesus had been buried in hopes of ending early Christian pilgrimages. Constantine ordered during 325/326 AD that the temple of Venus be replaced by a church which has become known as the Church of the Holy Sepulchre. It was during the construction of this church that Constantine’s mother, Saint Helena, is believed to have rediscovered the tomb.  Socrates Scholasticus gives a full description of the discovery in his Ecclesiastical History. In her final years, Helena made a religious tour of Syria, Palestine, and Jerusalem, during which she allegedly discovered the True Cross.

 

The pilgrimages to the Holy Land really began to rise in mass going into the year 1000. As the year 1000 approached, the doom and gloom were pervasive. Everyone assumed that the world would end and this would be the last judgment. It became so common that the King of England removed his own portrait from the coinage and placed the Christian symbol of the lamb on one side and the Holy Ghost on the reverse. When the world did not end, he promptly restored his portrait to the coinage the following year.

…click on the above link to read the rest of the article…

ABC News Anchor Leaves Because of Fake News

 

One of the prominent faces of ABC news has been Brian Ross, one of their star investigative correspondents. He has been forced to resign because he embarrassed the network late last year when he did an on-air report suggesting former National Security Adviser Michael Flynn had been toldby President Donald Trump to make contact with Russian officials during the 2016 campaign for president. Ross and Rhonda Schwartz, who was the chief investigative producer for Ross’ team, has had to step down when that report proved to be false.

FAKE NEWS has been building because there have been no checks and balance. I have had my encounters over the years that will make your head spin. I was flying to Australia to give a public conference there and a journalist, who was obviously a socialist and President Reagan-hater calling it “trickle-down” economics,  ran a full-page story on me and said I was the author of just about everything and Reagan did everything I instructed so I was an evil capitalist and nobody should go listen to me. When I landed, the staff informed me about the article. I called the journalist who never bothered to interview me that I was only called in for that dog & pony show to launch G5 and that I disagreed with that policy. As for “trickle-down” supply-side economics, I told him that was Arthur Laffer – not me. Of course, there was never a retraction. I went to a cocktail party and someone called me a liar. His interpretation of that article was that I had worked in the White House as the Chief Economic Advisor. When I denied that, I was a liar because I was “embarrassed” to admit I worked for Reagan. That was just one of many encounters I had with FAKE NEWS.

Uganda Taxes the Internet Deny Access Unless you Pay Your Taxes

I have been warning that there are no rules when it comes to the greed of government. Throughout history, the ideas behind taxes keep popping up is slightly different ways. For example, your freedom to travel can be suspended and your passport revoked if you owe the IRS more than $50,000. In Ancient Rome, it was not uncommon for slaves to be freed after a number of years of service. To freee a slave, however, they also put a tax of the value of the slave freed. No tax = no freedom not unlike the IRS rule.

I have warned that cryptocurrencies would be subject to the whims of government and they can simply declare them illegal. Well, if you didn’t believe me, you have the crazy EU laws imposed on emails in Europe which can wipe out your company on a whim. Now, the Uganda government began on July 1st shutting down the internet blocking social media which included services like WhatsApp, Twitter, Facebook and Skype just to mention a few. These social media apps were all made inaccessible overnight. Governments can shut down cryptocurrencies in the blink of an eye if there is money to be had. The reason for taking these actions are really bogus. The President Museveni claimed that idle talk on social media was costing the country vast amounts of money because the young are communicating instead of working when they wopuld be producing more tax revenue.

Civil Unrest = Hoarding of Assets

QUESTION: Mr. Armstrong; You pick themes that are not really just political on the surface, but beneath you are connecting the dots economically. This is what I read between the lines for you do not always emphasize it in every post why you will address issues like migration and civil unrest. Are these serious issues to the economic backdrop?

HW

ANSWER: Oh yes. Perhaps I just understand that is the backdrop so I do not openly restate it because it is obvious to me. Not a very good communication tactic on my part. To explicitly state this, when the economy turns downward, people will then blame migrants. Today, they label this as racist. That is simply not true. It really has nothing to do with race or religion. We saw civil unrest turn to violence during the 1840s when there was a wholesale State level Sovereign Debt Crisis in the United States. That was against the Irish who were the same race, but were at least Catholics that the Protestants did not like back in Europe.

During such period of civil unrest, capital contracts and begins to hoard. This is what caused the German Hyperinflation for that was a 1918 Communist Revolution which overthrew the German Emperor. We also find hoards of ancient coins from periods of economic stress. The 3rd century AD is when we have the most hoards, but they tend to cluster also around civil unrest and civil wars. If people are fearful or uncertain about the future, they do NOT spend and they contract. So the global trend I am highlighting with respect to rising civil unrest is important economically. The fact that this trend is WORLDWIDE, is particularly alarming for it further supports the fact that we are in the Sixth Wave and 2032 will be the generational change of monumental proportions.

…click on the above link to read the rest of the article…

The Next American Civil War – Thank You Mueller

The Mueller investigation is all about removing Trump from office, which has been cheered by CNN, New York Times, and The Washington Post among many others. They are intent on overturning the results of a Democratic election to ensure this is no longer a government of the people for the people. They see this as intolerable and those who voted for Trump are too stupid to vote anyway. I have actually heard that argument. So we all know what the objective here really is – Mueller is to overthrow the presidency. Yet, history may one day write that this is the very man who created the Second American Civil War.

Mueller is hell-bent on charging Trump to get him out of office. The bureaucracy then will take back the government and suppresses the people, grinding us into the dirt. What they overlook is that the resentment from both sides is turning into sheer unbridled hatred and this is the foundation needed for a Civil War. This is by no means the first time a president was elected this century and many said he didn’t really win. Of course, the election of Abraham Lincoln led to the secession of several states who also rejected the election because they lost. The South rose up against the North and the Civil War began. The Supreme Court gave George Bush the election and that began to stir the discontent among the people.

The Presidential election of 1824 was really the start of the Civil War. This followed the Missouri Compromise which was legislation passed on May 9th, 1820, and provided for the admission of Maine as a free state along with Missouri as a slave state. This maintained the balance of power between North and South in the United States Senate. It was showing that the tension was rising when the presidential election followed four years later.

…click on the above link to read the rest of the article…

2032 – How Hard Do We Fall?

2032 – How Hard Do We Fall?

 

QUESTION: Hi Martin,

First, I’d like to offer my condolences on your mother’s passing. It feels to me that you must take great satisfaction in the fact that she must have been very proud of your accomplishments, and what you are trying to do for the average person. To me, that is the ultimate goal of a child; in thanking their parents for everything they have done.

Concerning the blog entry of “Crash & Burn & The Sixth Wave”, you write that it all depends upon if we begin the process in 2021. My interpretation – having followed you for years now – is that the people must rise up and push back against higher taxation, and demand reform and/or it could hinge on the Euro breaking apart, which provides the path to follow for the rest of us.

I believe you meant that if the people just acquiesce and do nothing – like in 2008, then those in power continue to run the economy for their benefit, causing the social fabric to continue to be torn apart between 2021-2032, (which means continued record low birth rates, low productivity, record low levels of capex, record suicide rates, etc) until it finally crumbles by 2032, leading to civil unrest. Have I got this right?

Thanks again for everything that you do.

Danny

ANSWER: We have to understand that this will be the third such sequence of the Sixth Wave. At the end of the first sequence, we have civilization going into a Dark Age. That also coincided with the energy output of the sun declining and the massive volcanic eruption of Thera (Santorini), which ended the Minoan culture. That is when Mycenae invaded as well as the conquest of Troy.

…click on the above link to read the rest of the article…

Crash & Burn & the Sixth Wave

QUESTION: Martin, as all members do, I really do thank you and appreciate you for your knowledge and insight. I am a business owner – Real Water and do approximately $10 million in annual sales right now. As a concerned citizen, I have also run for political office and was elected to the Nevada State Assembly in 2015. With Republican control, our legislature pushed through the largest tax increase in our State’s history in the name of more money for education (I led the opposition against the tax, but failed in preventing it). Of course, our latest school ratings came out and we are still ranked at the bottom – 50th. More government is NOT the solution!

I completely understand we are headed for a financial crash and burn. You have frequently stated that the only reason you are doing what you are doing is for your posterity. Other than personal preparation, extra food, don’t be in bonds, etc., what do you believe is the most beneficial thing we can do to help our country come out of the crash and burn with more freedom and limited government (like our Founders so emphatically intended) as opposed to the other potential of totalitarianism that you frequently warn us about? What is the most effective way to rally the troops so to say to help push our civilization in the proper direction?

To an elevated lifestyle,

ANSWER: The Government always thinks that throwing more money at something make it better. I have NEVER seen where that has EVER corrected any such trend. The problem lies in the total mismanagement. Governments are simply incapable of operating even a bubblegum machine. They completely fail to understand the economy, human nature, or society as a whole. The only way to actually correct such a problem is to privatize. That installs actual management and employees must actually perform. Government unions demand benefits and they negotiate with themselves. This is why the entire socialist agenda is collapsing.

…click on the above link to read the rest of the article…

Is Draghi Really Ending QE?

Mario Draghi said the euro-area economy is strong enough to overcome increased risk,  and therefore this justifies the European Central Bank’s decision to end bond purchases bringing to an end a decade-long failed experiment. The truth behind this statement is starkly different than being portrayed in the press. Draghi also pledged to keep interest rates unchanged at current record lows until his personal term is finished next year. There is the contradiction for if the ECB stops buying debt, who will do so at artificially low rates of interest?

Draghi knows full well that he has utterly destroyed the bond markets in Europe. The ECB has also made it clear that they will REINVEST when the bonds previously purchased mature. The Federal Reserves has taken the opposite position and will NOT reinvest allowing their balance sheet to shrink.

If the economy is that strong, then why not end the QE right now? The fallacy here is that this has nothing to do with the economy. The ECB has simply had the member states on life-support. Interest rates will soar in Europe on long-term debt or there will be no buyers. Pension funds cannot buy 10-year bonds at even 3% when they need 8% to cover liabilities.

The statement by Draghi is creating a total paradox. You cannot keep short-term interest rates where they are and charge negative rates for deposits and simultaneously end QE and expect to sell bonds to the public at insanely low levels.

The press interprets this as the ECB with ending QE because they are “betting that the euro-area economy is robust enough to ride out an apparent slowdown amid risks including U.S. trade tariffs and nervousness that Italy’s populist government will spark another financial crisis” reported Bloomberg.

…click on the above link to read the rest of the article…

Do We Really Borrow From Only Ourselves? Does the Debt/GDP Ratio Means Anything?

QUESTION: Mr. Armstrong, the famous economist Paul Krugman says that debt is ok when we owe it to ourselves. He calls it “deficit scolding” as he wrote in the New York Times. Would you like to comment on this statement?

GH

ANSWER: Paul Krugman seems to lack any historical understanding of how nations rise and fall. Anyone who claims debt is OK and can be infinite because “we” owe it to ourselves is clueless. He wrote in the article you referred to that “we have a more or less stable ratio of debt to GDP, and no hint of a financing problem.” The debt to GDP ratio is interesting but totally irrelevant. China’s debt to GDP stands at 250%, the USA at 103%, and Greece buckled at 186%. Obviously, this ratio is rather meaningless as a forecasting tool. I have published this chart on call money rates previously. In my studies, I quickly discovered that you cannot reduce the cause of any effect to a single issue. We can see that the peak in call money rates took place during 1899 and it was the lowest in 1929 when the Great Depression hit. You can’t even claim that if interest rates hit some magical level the stock market would crash. The world is far more complicated than just this one-dimensional approach to everything.

Capital flows were fleeing the USA in 1899 so interest rates went higher with a shortage of money. In 1929, the capital was in the USA for it rushed here because of World War I. The inflow of capital created an excess so the peak in call money rates was lower than 1899 when capital was fleeing. We even have the world of President Grover Cleveland from the Panic of 1893 commenting on the net capital outflow because of the “unsound” financial policy of the Silver Democrats.

…click on the above link to read the rest of the article…

US East Coast Risk of Tsunami & Earthquakes that Threaten NYC

QUESTION:  Hey Marty,
Thanks for all your insight the last few years on what the models are projecting for volcanic & seismic activity. As usual, you’re on the money. The forecast of events laying out to 2032 is really starting to add up in their interconnectivity. God help us all.
My question is regarding the mid-Atlantic ridge and the US East Coast continental shelf faults. We all know you chose Tampa over the Florida Atlantic Coast; should we be concerned about tsunamis & seismic activity along the eastern seaboard?

As always, thanks for everything you do. You’re my hero.
Cheers,

DP
ANSWER: That is actually a very good question. The 10 Biggest Earthquakes in History have ALLtaken place around the Pacific Rim of Fire – not in the Atlantic. Ideally, the next big one is interestingly due in 2021. The modern big quakes around the Pacific Rim have been:

  • 1906 — San Francisco, California, Magnitude: 8. About 3,000 people died from the earthquake, on the San Andreas Fault, and resulting fire.
  • 1923 — Tokyo, Japan, Magnitude: 7.9. One of the world’s most destructive earthquakes, more than 142,000 people died from collapsing buildings and the resulting firestorm. The quake also resulted in enormous tsunami waves.
  • 1960 — Chile, Magnitude: 9.5. The largest earthquake ever recorded, the 1960 quake in Chile killed more than 1,600 people, with many of the deaths resulting from tsunamis. Waves reached 38 feet (11.5 meters) and carried debris as far as 2 miles (3.2 kilometers) inland.
  • 1970 — Peru, Magnitude: 7.9. Approximately 66,000 people died, many from collapsed buildings and a post-earthquake avalanche.
  • 2004 — Indonesia, Magnitude: 9.1. The third largest earthquake in the world in this century, the quake killed more than 227,000 people. Powerful tsunami waves crisscrossed the Indian Ocean and ravaged 12 Asian countries.
  • 2011 — Japan, Magnitude: 9.0

…click on the above link to read the rest of the article…

Supply v Demand-Side Economic & What is Never Discussed

COMMENT: Usury, first the Fed starves we savers for return for 18 years with their zero percent interest rates and gave us two giant stock market crashes in that intervening period.
The lack of return caused us to cannibalize our savings and trillions of savings lost thru the stock market crashes and ditto home equity. Then property taxes explode.
Now even the cost of funds is still at historic lows credit card rates move from 8/9% to 12% in a matter of months.

What are Grandma and Grandpa to do? Knowing what the Feds original charter was is not an answer because they have become the master manipulator for the wealth transfer from the people to their greedy cohorts.

Have followed your public work since well before your legal problems and greatly appreciate your cycle work but the wealth transfer must stop and some jail sentences applied and claw back enacted.

Or is the wealth transfer already accomplished and the taxpayer/consumer left holding the bag?
Martin, thank you for your efforts.

LL

REPLY: I fully agree. This is the battle between Demand v Supply-side Economics. This age of “New Economics” that was ushered in by Marx and Keynes, justified that government had the power to manipulate society to achieve their goals. The idea of raising and lowering interest rates to influence demand has utterly failed. The 800-pound gorilla in the room is the $200 trillion+ of sovereign debt around the world. Demand-Side Economics cannot possibly work when the biggest debtor is government and the raising of interest rates only increases their deficits that come back as tax increases reducing the net wealth of the people and lowering economic growth.

…click on the above link to read the rest of the article…

The Misconception of Central Banks

QUESTION: Mr. Armstrong; I was at the Treasury Management Association of Canada (TMAC) conference in Vancouver when you appeared as a speaker as well as Peter Detallis of the Bank of Canada if I remember his name correctly. I was there at the cocktail party when the Finance Minister of Nova Scotia said you diminished the central bankers. They were right there as well and he did not know it. You introduced him to them. He was upset. I laughed at that. My question is why are you the exception to meet with central banks?

HWF

ANSWER: It should come as no surprise that I routinely argue against “demand-side” economics which justifies central banks manipulating demand by raising and lowering interest rates. It has never worked. That said, the Democrats vilified “supply-side” economics when Reagan lowered taxes. They vilified it calling it “trickle-down Economics.” They never actually explain the difference because they want to do as they desire and then expect the central banks to clean-up their mess from the fiscal mismanagement of the economy. That said, the conspiracy theorists blame the central banks for absolutely everything and assign no blame to the politicians for the fiscal side.

Consequently, it still took me some time to understand why the central banks would talk to me. They clearly knew I understood the real dynamics of the system as a whole with both the fiscal and monetary side in addition to Demand v Supply-side Economics. They also knew I lived in the real world community and was one of the few true international advisers. The difference is I really had some $3 trillion under contract which was about 50% of the US National Debt at the time. They knew I spoke with real-life experience – not theory. That was even part of the Congressional record when I testifiedbefore the House Ways & Means Committee.

…click on the above link to read the rest of the article…

ECB & Bonds – People Believe What They Want to Believe

QUESTION: the ECB is arguing that given the low free float of EU bonds (especially German), bonds not owned by the ECB or other central banks, the impact of an end to APP purchases will be nowhere comparable to the tapering sell-off in the US in 2013. Bank research teams are hanging on to this idea to make positive forecasts in the EUR exchange rate versus the USD. They say an end-date for the APP programme may not result in a higher risk/term premium in the European government bond market.
Could you comment on this, please? Many thanks for all your work,
GM

ANSWER: The ECB knows it has to stop the QE program. They also know that Yellen was correct in lecturing them that interest rates had to be “normalized” so they know there is a real meltdown coming. That is inevitable. Pension funds cannot buy 10-year bonds at 1.5% or even 3% locking in losses for 10 years. I really fail to see that claiming there is such a small float, because the ECB has been the 800-pound gorilla buying everything, that interest rates will not rise. That is just complete fallacy. There is a small float because they have DESTROYED the bond market in Europe.

Draghi has proved something incredibly important – Demand-Side Economics has been a complete and utter failure. After 10 years of manipulating interest rates, that they want to put private bankers in prison for under the Libor Scandal, the ECB has failed completely. In just 7 days, the German bunds dropped from 16415 to 15939 – that was 5.9%. The 2013 decline in US 30-year Treasuries back in 2013 was 16%. So what the Bunds did in 7 days in their decline based upon events in Italy reflect that the ECB is trying to paint a picture that yes – rates will rise and bonds will decline.

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Volcanic Activity Melting Ice at the North & South Poles

Scientists have long suspected that there is a thermal heat source under the ice in Antarctica that may be the real cause of some ice melting in that region rather than climate change theories. NASAhas confirmed that indeed this heat source exists which many have been searching for over a long period of time.

At the North Pole, there is the Gakkel Ridge which runs about 1800 miles from Greenland to Siberia. It is a ridge which is littered with volcanic activity and has countless hydrothermal vents. REALscientists in geology see this ridge as a hotbed of irregular volcanic activity. It appears that the rise in volcanic activity is building in the Arctic Oceanas well. This is of serious concern for if the ice melts, then the water will evaporate and return as snow building up the glaciers in the North and ensuring that we will indeed see crop failures for the next cycle.

Of course, there is no money to be had if the melting ice is not caused by humans but mother nature herself. So we should expect a fierce battle and a denial that volcanic activity has ANYTHING to do with melting ice.

So welcome to living in a complete state of denial as long as there is money on the table to grab. It makes sense that our models are showing a sharp rise in volcanic activity from 2018 onward on a global scale. It looks like just maybe the ice ages are created by the increase in volcanic activity that starts the massive snow that creates the glaciers & ice ages.

…click on the above link to read the rest of the article…

German Court Rules Govt Can Intercept Communications Without Just Cause

Federal Administrative Court in Leipzig ruled last week that the Federal Intelligence Service (BND) may continue to access data at the world’s largest Internet node in Frankfurt am Main without just cause. In the ruling, the court dismissed an action brought against this practice by the operating company and the government demanded they turn over all communications. The court ruled that the Federal Ministry of the Interior can compel any company to take part in measures of “strategic” surveillance. Since any such measure is always classified as secret, they need not explain anything to anyone.

Governments around the globe have used terrorism as the new excuse to listen to what anyone does. There have been countless prosecutions and investigations for avoiding taxes arising from such powers far more than terrorism. The prosecution ration in over 1000:1 between taxes v terrorism. It seems as though governments want more terrorism so they can increase their powers to hunt for taxes.

Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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