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Bundesbank warns of Coming Pension Crisis

The Bundesbank has come out warning that there is a German pension crisis. They have proposed that states raise the pension tax and that they should gradually increase the retirement age because the life expectancy in the future has risen. Central Bank President, Jens Weidmann, has stated that he is generally in favor of raising the statutory retirement age beyond 67 years.

We must understand that the ECB policy of “stimulating” the economy with negative interest rates has bankrupted state pension plans. This theory that lowering interest rates to get people to borrow and thus manipulate demand higher has NEVER been proven to have ever worked. The consequence of what we now face is a major pension crisis that is undermining the future of Western economies.

The Press Makes the News – They No longer Report It – A Sign of the End of Political Times

QUESTION:  Mr. Armstrong –
On 08/23 you wrote a blog entry that seems to espouse two incongruous claims: (1) That the press has distorted & propagandized its news reporting so egregiously now that the American people give little credence to what it tells them (as evidenced by the Gallup polls results you showed), and (2) That the press is yet still managing to rope-along enough gullible emotional people that they are dividing the country and will be at fault if it breaks-up. How do you reconcile these two assertions ?: Isn’t it more likely that the press is simply helping to incite those who already left-tending “true believers” as well as the deep state which is the real entity brokering all this enmity against Trump (and the real player with enough clout to foment/incite division of the country in service of its own selfish power & privilege) ?

SIC

ANSWER: I do not believe that the press is capable of altering society insofar as changing the minds of the majority. If you look at the presidential elections, only three people EVER won 60%-63% of the popular vote – FDR, LBJ, and Richard Nixon. If you look at the winning votes, you will see that most are in the mid 50% range – (usually 51 to 54%). Less than 10% of the people are independent. The bulk of the people are predisposed Democrats or Republicans. Those who watch CNN do so because they WANT to hear negative things about Trump and those who listen to Fox want to listen to negative things about the Democrats. People far too often believe what they want to believe. That is what I never try to change someone’s mindset – it is pointless. Tech ONLY those who want to learn – the independent thinkers who see life as a quest for knowledge.

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

Climate Change – Warming is Good – Cold is Bad

QUESTION: Do you think that a pole shift will be devastating to society?

SK

ANSWER: No. I think many turn such events into a looming existential threat destined to destroy us. That is probably up there with the Yellowstone Supervolcano. These treasured theories of our impending doom seem to lurk in a myth that some event will kill us all. I am not exactly sure why people tend always to want to create such doom like the Year 2000 computer bug that was going to destroy all technology. There is no evidence that the entire world would be destroyed by such a pole shift. It may be unpleasant for some and suddenly nice for others. But a pole shift is a natural event and may disrupt communications and air travel, but we will adjust.

The same thing when I am warning about Global Cooling. These are events that have taken place throughout recorded history. It was such an event that led to a massive migration south back to North Africa known as the Sea Peoples. This brought about the collapse of the Bronze Age with very few societies, empires or city-states surviving. It was Global Cooling that resulted in the Black Death. When temperatures decline, crops fail and famine rises and with that combination diseases increase. The childish notion that Global Warming will result in the ice melting and sea levels rising is really absurd. It really is when the Arctic Ocean has been free of ice that the water can evaporate and return as snowfall which then builds the glaciers.

Climate has had a very major impact on the history of civilization. We have expanded during warm periods and contracted during gold periods.

Sociopathy & Politics

COMMENT: What you discuss in “Are we Rewriting Adolf Hitler’s Mein Kampf” and “Hillary Advocates Violence Unless Democrats Win” are the ice people described in “The Sociopath Next Door by Martha Stout.” These are people with no conscience. Because your blog reminded me of the book, I am re-reading it. As the author says:

“Sociopathy is the inability to process emotional experience, including love and caring, except when such experience can be calculated as a coldly intellectual task.”

“If, instead, you find yourself often pitying someone who consistently hurts you or other people, and who actively campaigns for your sympathy, the chances are close to 100 percent that you are dealing with a sociopath.”
There are clearly those who fit this profile in your two blogs. I recall, many decades ago, where some complained that making certain groups “other” made it easy to harm them because they weren’t then seen as human. Making groups “other” is clearly a deliberate strategy being used here.

I believe there are also troubled others whose consciences have been numbed by indoctrination and propaganda from such leaders to believe the violence they do by eliminating or silencing “others” serves a greater good. Nowadays, many of their leaders call out openly for these zombies to act.

Having worked with a sociopath, I initially fell for her pity party on how she was abused earlier in life, I fell for her sweetness and vulnerability and became friends. Then I saw her engineer a complaint to ruin a man to achieve her business goal. She also tried to ruin me, but the details are not important now.

It was only luck that I saw the author being interviewed at the time and realized immediately what type of person I was actually dealing with: a velvet-covered razor blade who uses and abuses people’s genuine sympathy and concern to achieve an end.

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

Europe & Risk of Revolution

QUESTION: Thank you, Mr Armstrong, for your lifetime work. mindblowing as always.
I picture Europe now as Greece during the Roman Republic (before its conquest). isolated, corrupted to the core. And the US as the new Roman Republic. Will it become an empire after 2032?
Marius was the man of the people and in the end, he was defeated by Sylla (Senate if I m correct). But Marius’ idea was carried on by Cesar. Was he a socialist before the hour?
as a European, which side is the safest to pick when we will be dragged in the conflict???
thanks again!

best regards from France

ANSWER: Ironically, people may think history is just the past. The next time you watch Star Wars, look closer. It is about this very struggle of the people versus the Empire. Instead of swords, they fight with laser swords. If you look at the royal guard, they had cloaks and helmets much as the Romans were dressed. This is actually a saga that is repeated time and again throughout history. Pericles in Athens was charged and put on trial as they are trying to do with Trump. Today, we call it the Deep States. In Roman times, Caesar fought against the corrupt Senate who was the political party known as the Optimates.

You are correct, Marius lost. His coins refected the anti-establishment. You can see the female head of Italia, for which he was fighting. Caesar’s reputation has been distorted by the corrupt Optimates such as Cato and Cicero. Caesar was a man of the people, not a socialist, just an anti-establishment from the perspective of corruption. He too had to flee Rome under the dictatorship of Sulla who would have killed him much as Stalin killed anyone who might oppose him.

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

Is it the Elections or Interest Rates?

QUESTION: Dear Marty,
Thanks for the continuous enlightening blogs about increasing interest rates and its effects on EM’s and others.
Today on Bloomberg , they were discussing that the earlier 60:40 Equity bond correlation is breaking down and now it’s 100:0 i.e. both go up and down together.
If I understand your view correctly , the increasing interest rates is a death knell for the Bond trade/Sovereign Debt but totally opposite for the Equity mkt which might surge as capital flees to Private assets i.e Equity.
Would you care to comment please ?
Thanks again for all that you do and the fresh perspective you provide.
Best Regards,
US
ANSWER: They are misreading the impact of interest rates. It is really a political impact at this time and as we head into the week of 11/05, there is a rising concern because the Gallup Poll shows that the Democrats may take back the House and then everyone assumed they will do everything in their power to overturn everything Trump has ever done. So international capital is deeply concerned about the Democrats right now. They are seen as a major threat to the world economy for they also advocate war with Russia as retribution for Hillary. This is the perception out there I get back particularly from overseas.

We are still in this consolidation transition period. Capital is trying to figure out the future and it is very confusing. This analysis you refer to is myopic at best. They ignore worldwide concerns and focus only on domestic issues. Interest rates have been rising since the 4th quarter of 2015. They act as if the markets suddenly took notice 3 years later. The equity decline has NOTHING to do with interest rates. They see the entire world only through domestic eyes and just have to blame something.

Does Society Turn More Violent During its End Times?

QUESTION: Is MMA the new Roman Colosseum? I’m a layman in history but didn’t blood sports rise in popularity during Rome’s decline? Now everyone and their mother is talking about MMA, and random celebrities e.g. Logan Paul or now Trump Jr. are jumping in the octagon or being challenged.

JR
ANSWER: Yes. For some reason, society begins to turn more violent toward its end times. Mixed martial arts is a full-contact combat sport that allows striking and grappling, both standing and on the ground, using techniques from other combat sports and martial arts. It is an interesting pattern. The Christian Persecutions really came into full swing only as the Empire was collapsing during the 3rd century.

Eurozone will Collapse – There is No Other Choice Economically

QUESTION: Mr. Armstrong; I can see what you have been arguing about the faulty design of the euro. After the EU rejected Italy’s budget, is there any hope left for Italy?

RS, Rome

ANSWER: For those who do not follow Europe closely, the European Union took the unprecedented step Tuesday (23rd of Oct) of rejecting Italy’s draft budget as incompatible with the bloc’s rules on fiscal discipline. This has simply validated the position many take in Italy that they are an occupied country. The Commission Vice-President Valdis Dombrovskis publicly stated that the Italian government was “openly and consciously going against commitments made” to drive down the country’s debt and deficit levels. The decision is escalating a battle between Europe’s establishment and Italians and the sooner you exit the Euro, the better Italy will survive.

From the outset, in designing the Euro they deliberately lied about just about everything. They told everyone that they would be paying the same interest rates because of the single currency. I explained that was absolutely false. They appear to have deliberately used the example of the dollar to pitch the euro but never mentioned that the single interest rate was the Federal level they were referencing. All 50 states issued their debt in the single currency of the dollar but they all paid rates according to their own credit rating.
I warned them that they MUST consolidate all the debts making that a national debt that they would have a single interest rate and that would compete with the dollar. Thereafter, each state would then issue its own debt as deeded and the free markets would price that accordingly. Under the system that I instructed them to adopt, this budget crisis would not exist.

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

Roman Republic’s Debt Crisis & Led to it’s Collapse

QUESTION: You said that Imperial Rome did not have a national debt nor central banks. Did Rome ever have debts that were not private?

JY

ANSWER: Yes. In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. The Roman Debt Crisis of the 1st century BC has left behind a vivid account of what took place. The volume of gold and silver in Italy had increased dramatically during the late 2nd century BC following the Punic Wars. We have the first real gold coins issued by the Roman Republic at that time.

However, this concentration of wealth, which was akin to the United States after World War I and II, was absorbed by commercial expansion and investment in Gaul and Asia. A period of excessive concentration of money and large profits came to an end with the rise of the Social War of 91-88BC which was a war waged between the Roman Republic and several of the other cities in Italy (no taxation without representation), which prior to the war had been Roman allies for centuries. The war was begun by the Picentes because the Romans did not want to afford them Roman citizenship, thus leaving the Italian groups with fewer rights. The war resulted in a Roman victory and genocide against the Samnites. However, Rome granted Roman citizenship to almost all of its Italian allies, including the Samnites, to avoid another war. Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left and right erupts after the November elections.

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

There Are Two Types of Pole Shifts & We Seem to be on Course for an event Faster than Most Ever Believed

QUESTION: Mr. Armstrong; I agree that something seems to be changing faster than perhaps we might have expected. Is there anything that points to how fast a pole change might actually take place? How long do such events last? Is that a permanent change?

Thank you for a most thought-provoking blog

PD

ANSWER: First of all, there are two types of pole shifts. There are the major polarity shifts which seem to be 720,000 years. Then there are what are known as excursions. The last “excursion” took place around 41,000 years ago and it was also associated with an Ice Age. This excursion was, in fact, a Global Event from all the data and these tend to be just short-term flips that are not permanent. Factoring in that data with the broader more permanent reversals warns that we are potentially in line for such an event and it may, in fact, line up with the Economic Confidence Model come 2032.

The central question that dominates virtually every field of science has been to identify HOW something moves? Do things move in a nice progressive linear fashion, or are they a burst of chaotic energy from the unknown abyss? This debate between a sudden catastrophic event that appears almost out of nowhere without warning and the slow gradual progression portraying the linear world of uniformity, has been raging since the mid to late 1700s when they began to discover frozen mammoths in Russia. This debate becomes critical today if we expect to ascertain what the future might bring. For at its very core lies the way we not merely should expect things to happen, but how we can then deal with them from a social-economic management perspective.

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

CIA Assassination Plots Exposed in 1975

QUESTION: Mr. Armstrong; it certainly seems that the bureaucracy is really operating against the people. They have tried to assassinate heads of states before. Do you think they would try this in the USA again?

WR

ANSWER: The CIA was exposed back in 1975 for plotting to assassinate various world leaders. The November 20th, 1975 release of a report by the U.S. Senate Intelligence Committee confirmed that the U.S. Central Intelligence Agency had tried twice to assassinate Cuban dictator Fidel Castro, and once to poison Congo Premier Patrice Lumumba, and that it had supplied aid to insurgents who later assassinated South Vietnam’s President Ngo Dinh Diem and the Dominican Republic dictator Rafael Trujillo. The report emphasized that “No foreign leaders were killed as a result of assassination plots initiated by officials of the United States.” Lumumba had been killed later by political rivals in the Congo. Interestingly enough, the date that report was released was the Pi target on the Economic Confidence Model from the peak of Wave 1972.75.

The Greek Dark Age & Climate Change

QUESTION: Mr. Armstrong; You mentioned that the environment was the primary cause of the Greek Dark age between the Heroic and Hellenistic periods. Can you elaborate on that at all?

Thank you. They do not seem to connect the dots as you say in school

MG

ANSWER: What is most interesting is the fact that they do not connect the dots which are so glaring for that period of time. The Bronze Age Collapse was a Dark-Age in the Near East, Asia Minor, Aegean region, North Africa, Caucasus, Balkans and the Eastern Mediterranean. This encapsulated the transition from the Late Bronze Age to the Early Iron Age, which was violent, sudden, and a major setback for civilization as a whole. We seem to focus on the fall of Rome, but not the catastrophic collapse of the Bronze Age.

The political economy of city-states that dominated the Aegean region and Anatolia region (Modern Turkey), simply disintegrated much like Rome whereby people abandoned cities and formed small isolated village during the Greek Dark Age. This takes place about 51.6 years following the cultural collapse of the Mycenaean kingdoms, of the Kassite dynasty of Babylonia, of the Hittite Empire in Anatolia and the Levant, and of the Egyptian Empire. We also see the political-economic destruction of Ugarit and the Amorite states in the Levant. Over in the Luwian states of western Asia Minor, we also see a collapse in civilization. There was also a period of tremendous political-economic chaos in Canaan (Israel). This wholesale collapse of all of these city-states resulted in the collapse of trade routes as we saw with the collapse of Rome. This also manifests in the reduction of literacy in much of the known world.

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

Will Elections ever be Valid Any More?

QUESTION: Mr. Armstrong; You have stated that you believe Kennedy was assassinated by the US Intelligence community. Given all this stuff with Comey, FBI, CIA, and NSA all conspiring against Trump, do you think that the real risk of interfering with our elections is not the Russians but closer to home? Is this a practice that always takes place that we are just suddenly becoming aware of these days?

Thank you

see you in Orlando

LD

ANSWER: Absolutely. It is being called Spygate and it is very disturbing. The Democrats did absolutely everything to put Hillary in office. They thought they won. They had the press in their pocket like CNN, New York Times, and the Washington Post leading a host of others. We have to realize that Democracy is dead. I really do fear that Trump will be the LAST democratically elected president. What comes after Trump is not going to be warm and endearing.

Politicians have been rigging elections since ancient times. There can be no greater example of political corruption that required desperate reform than the calendar. Cato or the more moderate Cicero both criticized Julius Caesar who became pontifex max (high priest) taking charge of the calendar. The Romans used the moon calendar but knew it was incorrect and thus it required adjustments by inserting days. The corruption degenerated to such a point that elections could be postponed by the insertion of days. This realization led to bribing the high priest to even insert months to affect the political elections. This is why Julius Caesar revised the calendar to eliminate the political corruption. Moreover, interest rates would rise during elections because of the amount of money being paid out in bribing votes.

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

The ECB on the Verge of Collapse?

 

The European Central Bank (ECB) will NOT aid Italy with an EU rescue program if the country or its banks are in financial turmoil. The Italian government is taking the view that Italy has become an “occupied” country and that Germany has conquered Europe imposing austerity and its view of inflation upon the whole of Europe without firing a shot. While the spin is that the ECB is making Italy a test case to demonstrate that Europe and its mechanisms work, in reality, it is a realization that the ECB cannot save Italy’s financial institutions because austerity has created the greatest economic depression perhaps in economic history.

The new five-star Movement in Rome and Lega have been on a confrontational course with the EU Commission, as they plan a higher level of new debt to fulfill election promises. The EU Commission, on the other hand, is calling for less spending and the implementation of austerity as demanded by Germany. Italy is already sitting on a debt of around 131% of GDP. The financial markets are nervous for they see a confrontation that could tear Europe apart at the seams. Italy now has to offer investors significantly higher interest rates when placing its government bonds in order to raise money. In addition, the gap to the yield of German government bonds widened. But in reality, stopping the ECB’s Quantitative Easing will result in interest rates rising by at least 300% very rapidly. Italy is getting ahead of the curve BEFORE everything comes crashing down.

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

Australia Turning Really Authoritative? Is this How a Dark Age Begins?

The greed of governments in their pursuit of money is the single greatest threat to creating a Dark Age. With New Zealand imposing a $5,000 fine for just landing there and you refuse to hand over your pen and passwords to your phone for them to search, now we have Australia going really nuts to the point that they risk tech companies simply banning the sale of their products in the country. The Assistance and Access Bill 2018 in Australia will force Google, Apple, Facebook, and other technology groups to help Australian authorities decode certain forms of encrypted communications on their systems, or face fines of up to AU$10 million. The government says the legislation will help protect against terrorism, fraud and child abuse crimes, claiming it aims to ensure criminals “have no place to hide.”

The problem that arises that failure to pay taxes they also call criminal. Hence, the hunt for money is greatly aided by this type of legislation far more than any other pretend criminal activity. While the government has stopped short of demanding backdoor access to tech companies’ systems that would allow the government to tap into end-to-end encryption services such as WhatsApp, it doesdemand access to data at “points where it is not encrypted.”

Apple, FOR INSTANCE,  would not be made to create a backdoor for their iMessage where every user’s encryption key is different. But the government could request access to the single encryption key for its iCloud services. When you send a message to a friend, it’s encrypted as it travels between the two devices, and when it arrives, it’s decrypted for your friend to read, which is when the government should get to read it. The Australian government is cleverly demanding not a backdoor, but a “side door” to gain access to whatever people are sending.

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