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2020 Election Most Corrupt in American History – Martin Armstrong

2020 Election Most Corrupt in American History – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong said his computers picked up massive fraud coming in the 2020 Election years ago.  Armstrong explains, “The computer doesn’t ask my opinion, or anybody else’s, it just goes on the numbers from the economic data.  It’s never been wrong.  Besides 2016 (predicted Trump win) and for this one, it said it would be the most corrupt election in American history.  I published this out at least two years ago.  People have to understand, this isn’t my opinion.  This has gone far beyond anything I would have anticipated.  Every election you have had dead people voting.  That’s pretty standard, and that’s not something new. . . . This is just off the charts.  This is the Left, and they are so desperate to take over the United States.”

If the cheating is “off the charts,” then how bad was it in terms of fraudulent votes, including votes taken from President Trump and votes given to Joe Biden?  Armstrong contends, “The cheating is in the millions, definitely millions, and perhaps as much as 38 million.  This is some of the information I am getting from behind the curtain.”

Martin Armstrong also warns, “They (Democrats/communists) want to eliminate the Supreme Court—period.  This is outrageous what they are doing.  That’s why I have said this is not a simple election between Republican and Democrat.  This is something much more sinister. . . . You will own nothing, and you will be happy.  Their idea is to strip everybody of all property—period.  That’s communism.  Then you are going to give guaranteed basic income.  If you don’t do what the government tells you to do, like get a vaccine or whatever, then, oh, your guaranteed basic income will be suspended.  Then how are you going to eat?  This is what they are doing…

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

2021 A Year of Mass Bankruptcy – John Rubino

2021 A Year of Mass Bankruptcy – John Rubino

 Financial writer John Rubino says, “2021 is going to be a pivotal year” in the debt markets.  Rubino says lots of debt will either be bailed out or defaulted on in some way.  Because of CV19, there is no getting around this.  The debt clock has been pushed forward by years.  One too huge to hide debt problem are heavily indebted U.S. states and cities.  Rubino says, “You have to call this a scam because years ago, they decided to offer wildly over generous pensions to public sector unions.  In return for that, the public sector unions elected people who would keep on doing that and keep the gravy train going. . . . Back then, it worked . . . but now they are all retiring, and these states and cities are heading for some version of bankruptcy at an accelerated rate.  It was always going to happen in the next 10 years, but with the pandemic, the time frame has been moved way up.  So, probably 2021 will be a year where a lot of these guys hit a wall where they have no choice but to default on a lot of their obligations.  That’s going to throw the financial system into turmoil.”

Rubino points out, “If they can’t pay their bills, they can’t pay their bills.  If it can’t happen, it won’t happen.  So, you get effective bankruptcy via defaults for a lot of these places.  That means massive layoffs of city and state workers and turmoil in the bond market.  That kind of thing alone is enough to send the U.S. back into recession assuming we are out of recession when it happens.

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

Election Chaos Means Market Chaos – Michael Pento

Election Chaos Means Market Chaos – Michael Pento

Money manager and economist Michael Pento predicts, “We are going to have an election in this country that is the most contested vote this country has ever seen.  Whichever party that loses is not going to accept the results.  That’s mad chaos for the stock market, and that is one of the things I am thinking about when I am managing money.”

Another thing Pento is thinking about is massive Fed money printing in response to CV19.  They have printed a massive amount in a very short amount of time.  Pento explains, “They borrowed $3.3 trillion in fiscal 2020.  All of it was monetized by the Federal Reserve.  We switched to an inflationary hedge, and that worked out wonderfully for us.  Then a funny thing happened at the end of July, the PPP loans, the paycheck protection loans, they were exhausted.  The money that was spent and sent by helicopter, $1,000 per adult, $500 per child and $600 in enhanced unemployment, that was all spent too.  So, you have this massive fiscal cliff I warned about is here and here now.  Last week, I got much more defensive. . . . We borrowed $3.3 trillion, and that was monetized by the Fed, and that is all going away.  The amount of new borrowing is done.”

Pento points out one huge lingering problem, and that is unemployment and people still collecting a check.  Pento says, “There are many programs that people have access to get unemployment insurance.  One of the major ones is called Pandemic Unemployment Assistance (PUA).  That number is 29.6 million people when you include continuing claims and pandemic claims for unemployment.  The PUA portion was up one million people last week.  The number of claims might be going down under the traditional channels, but they are all filing claims under the PUA.

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

Lower Highs, Lower Lows, Eventual Dow 5,000 – Charles Nenner

Lower Highs, Lower Lows, Eventual Dow 5,000 – Charles Nenner

Renowned geopolitical and financial cycle expert Charles Nenner called the top of this market just 2% from the top in late January.  Nenner predicted the stock market could go down as much as 40%.  It went down about 38%.   After much money printing and to save the economy, the stock market came roaring back.  Is everything fixed and will the markets continue to rise?  Nenner says, “The cycle is up into the third week of June.  So, now things start to be risky.  We are looking for short-term sell levels, and we are going to lighten up. . . . What happened is not so crazy.  I have shown my subscribers what happened in 1929, what happened in 1973 and 1974, what happened in the 2000 crash and what happened in the 2008 crash. . . . There were huge bounces after the crash of 1929, the crash of 1973 and 1974, etc. . . . It’s very normal this latest bounce that happened, if you look at all the other market crashes. . . . Based on economics, the S&P is the most expensive it has been in the last 100 years. . . . If you do an overlay of what happened in 1929 and what is happening now, you will see it’s not so strange of what is going on now.”

Nenner contends, “You can’t keep lowering interest rates without consequences.  In Europe, it’s required to have pension funds 70% in bonds, and we have negative interest rates.  So, how are these people going to get their pensions?”

Nenner sees a pattern of “lower highs and lower lows” in the stock market and explains, “It’s like a ball.  You throw it up, it hits the ground, and it goes up again to a lower high, and it goes down again, and that’s how things work in nature. . . . Until now, it looked very strange.

How can the DOW go to 5,000?”  Nenner is still predicting a “DOW 5,000” in a few years.

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

Greatest Depression Already Started – Gerald Celente

Greatest Depression Already Started – Gerald Celente

Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression. Celente explains, “Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying people’s lives and their businesses. People are going to go bankrupt. You are going to see suicide rates increase. You are going to see crime escalate and people OD’ing on drugs because of depression. . . . Our leaders are totally closing down the economy. Again, this has never been done before. It’s not only Wall Street going down, Main Street went down simultaneously. That is unprecedented. Usually, the markets go down and then the ripple effects start hitting Main Street. This time–boom, they are both down. . . . It’s going to be worse than the Great Depression. It’s going to be the Greatest Depression.”

What’s the biggest problem the economy faces? Celente says, “The debt levels are phenomenal. We have more than $250 trillion of global debt and all the personal debt. How are you going to pay the credit card debt? How about paying the student debt, car loans and the mortgages? What about the electric bill, phone bill and people are out of work because my governor said I should stay home?”

The next play by global governments is to get rid of cash because it carries germs like the coronavirus. Celente says, “We are going to go from ‘Dirty Cash to Digital Trash,’ which is also the title of the current Trends Journal. They’ve got people freaked out. They are going to give us digital trash. That’s what they are doing. They are going to get rid of the currencies that you have.”

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

We Are Heading for a Depression – Charles Nenner

We Are Heading for a Depression – Charles Nenner

Renowned geopolitical and financial cycle expert Charles Nenner told his clients back in January 2020, “It was time to sell . . . . I am afraid they can lose 40% to the downside.” Well, we are more than halfway there, and Nenner warns it’s going to go lower—much lower. Nenner says, “You know it was all over the media, and they were always laughing at me that my long term target is 5,000 for the DOW Jones. They ask me how are we going to get there, and I say I don’t know. Now, this thing with the virus, there is no business anymore because the United States has stopped flights with Europe. So, maybe we can see how we get there.”

I think people have finally stopped laughing about Nenner’s  5,000 DOW call.

Another way the markets can crash is a full blown banking crisis that is brewing in Europe. At the center is Deutsche Bank (DB), which the IMF called the “most systemically dangerous bank” in the world back in 2016. Nenner predicted on USAWatchdog.com that if DB stock crashed through a $6.44 price target, it could go to $0. DB closed Thursday at $5.53, down 15% in one day. Nenner says, “I have real estate I want to sell because in Amsterdam, it’s going through the roof. I decided not to do it because I don’t trust the banking system. For years, we have talked about Deutsche Bank, and I said if it goes below $6.50, it could go into bankruptcy. Now it’s $5.50. They are interconnected to most European banks. So, something is really cooking over there, and I don’t really trust the banks. That’s why I am not selling my real estate. . . . I don’t trust the banks anymore.”

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

Economy Still Falling Off a Cliff – John Williams

Economy Still Falling Off a Cliff – John Williams

Economist John Williams says don’t put too much faith in the good employment numbers that came out last week because “It’s not as happy of a picture as it looks.” Williams is the founder of ShadowStats.com. His calculations strip out government accounting gimmicks to give a more accurate picture of economic data. Williams explains, “What the Fed has done with their easing, according to the Fed, is they created a circumstance of sustainable moderate economic growth. So, they don’t need to cut rates anymore. That’s nonsense. You don’t have sustainable moderate growth. For example, look at this last month, industrial production is in a state of collapse. . . . Manufacturing is negative. . . . Oil production is collapsing year to year as oil and gas exploration has plunged. . . . Retail sales have been overstated in employment . . . . That’s going to be revised lower. . . . We have been getting better numbers as of late, and the economy is still falling off a cliff.”

Maybe that explains the Fed’s panic moves with $60 billion a month QE, which it says is not QE, and extreme intervention in the repo market where the Fed routinely pumps out tens of billions of dollars in liquidly a night. Williams says, “The system is not stable, and it probably is insolvent. They blew the system back in 2007. They gave up on the domestic economy to save the banking system. . . . They spent all their resources propping up the banks, and they are still doing the same thing, and it’s still costing us in terms of economic growth.”

So, the Fed is pumping out billions of dollars every month, and yet, the economy keeps sinking. What does this tell Williams? “The system is not operating properly. These are stopgap measures, stopgap liquidity that the Fed is putting into the system.

Economy Still Falling Off a Cliff – John Williams

Fed Out of Bailout Bullets – Rick Ackerman

Fed Out of Bailout Bullets – Rick Ackerman

Financial writer and professional trader Rick Ackerman says don’t expect a replay of the 2008-2009 financial crisis where the Federal Reserve bailed out almost everything in sight. Ackerman explains, “It ended up Lehman Brothers went under, and they needed a couple of sacrificial lambs, along with Bear Stearns. It could have just as easily been, and it might be the next time, Goldman Sachs. So, in that way, the Fed is kind of out of bailout bullets. We’ve already been through a bailout where it took a big hunk of the financial system. Each one takes more bailing out to get to that critical threshold of credibility where the bailout itself works.”

Ackerman sees bailout needs everywhere and gives the example of underwater state pensions across the country. Ackerman points out, “If you take just one piece of what they are going to have to bail out, which is going to start with the State of Illinois, which is probably going to be the first state that is going to collapse. It will renege on its pension obligations. So, if you picture the federal government riding to the rescue, the minute they bail out the Illinois pension system, California is there, along with New Jersey, Kentucky and a lot of other states, maybe 19 or 20 of them that have pension systems almost as insolvent as Illinois. . . . This means they are going to have to mail out checks to Illinois and then expand it to California, and all the other states that go under is to court hyperinflation. Of course, hyperinflation, in that sense, you can see where it has to collapse into deflation because . . .

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

Fed Fears Next Crash Fatal – John Rubino

Fed Fears Next Crash Fatal – John Rubino

Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. The system might not be able to handle that because it would cause so much damage and there are so many different places that can blow up that the system would spin out of control. We would get 2008-2009 again but on steroids because the numbers are so much bigger this time around. So, they want to avoid that at all costs.”

Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero.

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

Bankers Going for Broke Because They Know it’s Broke – G. Edward Griffin

Bankers Going for Broke Because They Know it’s Broke – G. Edward Griffin

Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”

What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says, “We are living in a system of the banks, by the banks and for the banks, and that is the reality. . . . They see that the wheels are coming off. . . . The system of inflation in which we live cannot go on forever. . . . All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost.

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

MSM Co-conspirators with Deep State Treason – James Howard Kunstler

MSM Co-conspirators with Deep State Treason – James Howard Kunstler

Renowned author and journalist James Howard Kunstler thinks what has been happening for the last few years with the mainstream media’s coverage of President Trump borders on criminal activity. Kunstler explains, “What I am waiting for is if and when indictments come down from Mr. Barr and Mr. Durham.  I am wondering whether the editors and publishers of the Washington Post and New York Times and the producers at CNN and MSNBC are going to be named as unindicted co-conspirators in this effort to gaslight the country and really stage a coup to remove the President and to nullify the 2016 election. I say this as someone who is not necessarily a Trump supporter. I didn’t vote for the guy. I am not a cheerleader for the guy, but basically, I think the behavior of his antagonists has been much worse and much more dangerous for the nation and the American project as a long term matter.  I really need to see some action to hold people responsible for the acts they have committed. . . . I am not an attorney, and I have never worked for the Department of Justice, but it seems to me that by naming the publishers and editors of these companies as unindicted co-conspirators, that allows you to avoid the appearance of trying to shut down the press because you are not going to put them in jail, but you are going  to put them in disrepute. That may prompt their boards of directors to fire a few people and maybe change the way they do business at these places.”

Kunstler says things look unlike anything we have seen in the past because we are approaching a day of reckoning in our debt based monetary system.

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

Fed Panics & Starts Massive Money Printing – Michael Pento

Fed Panics & Starts Massive Money Printing – Michael Pento

Economist and money manager Michael Pento says the recent Federal Reserve about face in policy with cutting rates and new QE (money printing) means only one thing. Pento explains, “So, the Fed changed their mind, panicked, the Fed panicked. They not only stopped raising rates, they now cut rates twice, and they are going to cut rates again at the end of this month. They are also fully back in a massive QE. They have a $130 billion revolving repo facility shoving $130 billion every night, rolling it over, trying to re-liquefy the banking system and back into QE–$60 billion per month. At the peak, it was $85 billion. So, they are almost back to the peak of QE (during the Great Recession). They did not scale in, the Fed went to $60 billion right away.”

Why the sudden burst of money printing when we are being told the economy is fine? Pento says the Fed is panicking to stop a “depression.” That’s right, a depression. Pento contends, “I am on record saying given the extent of the asset bubbles that we have today . . . household debt is at a record high. Corporate debt is at a record high, up 60%. The national debt was $9 trillion prior to the Great Recession and is now $23 trillion. Total non-financial debt is now $53 trillion, and it was $33 trillion prior to the Great Recession. . . . Given all these imbalances and deformations, the Fed knows we are not going to have some mild recession. If they don’t re-liquefy the money markets, the same thing that happened back in 2008 would happen today, only the stock market was only a 100% of GDP and today it is 150% or one and a half times the economy.

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

Civil War Cycle Heating up in America – Charles Nenner (#2)

Civil War Cycle Heating up in America – Charles Nenner (#2)

Renowned geopolitical and financial cycle expert Charles Nenner thinks the probability for war and civil unrest is coming around in an intense cycle not seen for decades. Nenner says, “Years ago when we talked about my war cycles, I said I am more worried about internal social war in the United States than outside wars. I think there is a bigger chance in the United States than in Europe. They say it’s Trump’s fault . . . . I say it’s the other way around. If the Democrats would just get things organized and people would not get that angry. . . . The media will always take the other side, so they will never solve it. I think it is the Democrats whose fault it is that all these killings are there and not the Republicans. . . . So, there is a cycle of social unrest in the United States, which is 60 years old. So, you go back to what happened in the 1960’s. It could explode, and I think it is going to explode, and there is going to be a major problem. . . . I don’t know how bad it is going to be, but based on cycles, it has to be worse than the 1960’s. Each cycle always is worse. . . . WWII was worse than WWI, so every cycle becomes worse than the first cycle. . . . I don’t feel comfortable living in the United States anymore because people are so aggressive on everything. I went to the airport and I asked where the men’s room was, and they almost killed me. They said there was no men’s room. It’s called a ‘people room.’ I said I was sorry, you don’t have to be so aggressive.”

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

Cheap Money Not Going to Work Anymore – Charles Nenner (#1)

Cheap Money Not Going to Work Anymore – Charles Nenner (#1)

Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream financial channels are saying about more Fed easy money policies pushing the markets higher. Nenner explains, “The clever institutions I work with were selling all the time when the S&P was around 3,000, and the small investor and public were buying, buying and buying. The clever money was so happy then . . . . The small investor buys and all the time they (clever money) get a chance to sell, sell and sell until they are finished selling. Then, suddenly something happens. Then the small investor who holds the cash and he’s in a crisis, and here we go down. I always stress to the small investor, understand how this game works. Day before yesterday, the Dow was down 1,000 (inter-day). I heard one person say maybe you should sell. It’s always buy, buy, buy. They don’t do anybody any favors because there are so many losses. I never hear CNBC say sell, sell, sell. So, it’s a crooked game.”

What does he say to people waiting for the Fed to drive markets back up with easy money? Nenner says, “We are finished with the cheap money. It’s not going to work anymore. That’s what the big investors understand. Even if we have 0% rates, it’s not going to keep this economy going. They cannot keep it going anymore.”

Last time Nenner was on USAWatchdog.com, he said “gold was going up” and “interest rates were going to continue to fall.” He was correct and says those two trends are going to continue. Nenner says, “We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce. . . .

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

Inflation Chickens Will Come Home to Roost – Peter Schiff

Inflation Chickens Will Come Home to Roost – Peter Schiff

Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks to the monetary excesses applied by the world central banks, but now we are at a point where all these inflation chickens are going to come home to roost. It will not be in stock prices or real estate prices or bond prices, but in good old fashion consumer prices. Food, energy and all the things that we need to live are going to get a lot more expensive.”

Schiff says the Fed is overlooking some big problems coming. Schiff says, “They (Fed) did not stress an environment where we have more inflation or where we have stagflation, where we not only have a rise in unemployment and a recession, but consumer prices and long term interest rates that go up at the same time. They (Fed) are not even thinking that’s possible, but that’s actually probable. The real problem is when real inflation rears its head, there is nothing the central bankers can do about it. If they try to fight the inflation by tightening up on monetary policy, it’s like slamming on the brakes. They are going to have to jack interest rates very high, and everything is going to start imploding. The whole credit bubble is going to collapse. We are going to see stock markets tumble. Bonds are going to go into default. There will be bankruptcies, layoffs, bank failures and the governments will have to start defaulting on their obligations and payments on social programs, or even interest on principal.

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

Olduvai IV: Courage
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Olduvai II: Exodus
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