politicians

Martin Armstrong Covered By Washington’s Blog

When I last blogged about economist Martin Armstrong, I discussed his November 24 post on the Armstrong Economics Blog in which he talked about the elimination of cash and his belief “the United States will most likely break apart by 2036.” Disturbing stuff.

Like I’ve said before- for me, the jury’s still out on Armstrong. However, Washington’s Blog, which bills itself as “Real-Time, Well-Researched and Actionable News on America and the World,” published an insightful piece on the man and his forecasts back on December 30. From that post:

Martin Armstrong is a controversial market analyst who correctly predicted the 1987 crash, the top of the Japanese market, and many other market events … more or less to the day.

Many market timers think that Armstrong is one of the very best. Armstrong credits a computer program he created (which he calls “Socrates”) for the accuracy of his forecasting.

Armstrong’s background is even more dramatic because he was jailed for 11 years on trumped-up allegations of contempt, fraud and an alleged Ponzi scheme. Armstrong was ultimately released without any charges, and – as the documentary The Forecaster explains – the 11-year imprisonment was a way to try to pressure him to hand over his forecasting program.

Washington’s Blog sent a reporter to Armstrong’s annual conference in Orlando, Florida, to see what all the buzz is about …

(Editor’s note: Bold added for emphasis)

“Washington” noted Armstrong’s take on:

-Capital flows (declining)
-Debt (private superior to government)
-Europe (more chaos dead-ahead)
-U.S. stocks (bubble coming, then bust)
-European Union (Britain will survive because of Brexit)
-Cash (being eliminated by goverments for taxation purposes, negative interest rates)
-Foreign Account Tax Compliance Act, or FATCA (negative impact on global economy, yet positive for taxation)
-Politicians (self-interested, greedy bastards)

Read all about it on Washington’s Blog here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, January 12th, 2017 Bonds, Bubbles, Crash Prophets, Currencies, Europe, Government, Interest Rates, Investing, Monetary Policy, Stocks, Taxes Comments Off on Martin Armstrong Covered By Washington’s Blog

Chicago Tribune Letter: ‘Chicago, And Its Surrounding Areas, Have Become Hell on Earth’

This morning I headed over to the Chicago Tribune website to see what’s cooking locally. On their homepage was a “story” link with the following headline:

“Letter: I’m leaving Chicago and I’m never coming back”

Figuring this should make some “entertaining” reading while I finished my coffee, I checked out the proclamation. The author sure didn’t pull any punches. Here’s a snippet:

I’ve come to understand that Chicago, and its surrounding areas, have become Hell on Earth for any thinking person with a modicum of self-respect.

The caustic combination of corrupt politicians with nothing but contempt for the public; a police force so broken down in spirit it visibly resents interaction with even law-abiding citizens; a criminal underclass empowered by the incessant drone of liberal rhetoric wandering the streets posing clear and present danger to everyone around them; and the enablers, who are everywhere, to say nothing of the ugly, decaying infrastructure, poor economy and joyless entertainment and leisure opportunities – it is for these reasons I have made the decision to disconnect forever…

(Editor’s note: Bold added for emphasis)

As regular readers of Survival And Prosperity know, I am one of those who left Chicago (Northwest Side) only three-and-a-half years ago due to concerns over increasing government mismanagement, crime, and costs of living- in no particular order. Besides, even though I really liked the neighborhood I had lived in for eight years, it was time for a new pad and home prices were just too damn high!

My girlfriend and I did what was right for us at the time and in advance of what we suspect lies ahead. But Chicago is still a great city with fantastic people (minus the criminal element), so much so not only do I understand why one might still choose to reside there, but even I won’t go so far as to proclaim “I’m never coming back.”

I remain optimistic about the long-term prospects for the “Windy City.” That being said, I do believe conditions in the city will erode before improving again. For those dead set on remaining in town, please do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead. For example, how do your finances look with the real prospect of future tax hits down the road?

More later. And to read that entire letter sent to the Chicago Tribune, head on over to their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Thursday, January 12th, 2017 Crime, Debt Crisis, Essential Reading, Fiscal Policy, Government, Housing, Infrastructure, Political Parties, Public Safety, Security, Self-Defense, Taxes Comments Off on Chicago Tribune Letter: ‘Chicago, And Its Surrounding Areas, Have Become Hell on Earth’

President Obama Gets Owned By Fox News’ Bill O’Reilly Over Politicizing Oregon Mass Shooting

I didn’t hear about the mass shooting at Umpqua Community College in Oregon until arriving home from Wisconsin late Thursday night. Incredible tragedy- my thoughts and prayers go out to the victims and their families. As expected, the incident is being exploited to no end by gun “control” supporters. Yet, one of the more well-known mouthpieces of the anti-Bill of Rights crowd got owned on national television the other night by Fox News’ Bill O’Reilly. From The O’Reilly Factor October 1:

I don’t have a script here. I’m just talking to President Obama right now. Okay. It’s just me, to him. You say that the states that have the most gun laws have the least gun violence. Your home state of Illinois has perhaps the most stringent gun laws in the country. Chicago is the largest city in Illinois. Since 2012, there have been 6,000 shootings- 6,000 shootings- in the city of Chicago. There have been 1,679 murders in the city of Chicago, many of them exactly where you worked as a community organizer. So you know the problem that Chicago has. And you also know, Mr. President, that Chicago has extremely stringent gun laws. In fact, Chicago was confiscating guns against the Second Amendment until the courts stopped that. So, most of the people in Chicago say, “If we have all of these stringent gun control laws in our city and our state, why do we have a holocaust? Why?” The reason is that criminals who need guns to do their business are going to get the guns, because there aren’t stringent penalties if you violate gun laws in Chicago or Illinois. The laws are on the books- they’re not enforced. And you, Mr. President, have not made an issue of it at all. In fact, you don’t even mention the carnage in Chicago. You do mention the individual things like what happened in Oregon. But Chicago is like, doesn’t exist, even though this is your turf, your hometown, you’re the guy who was there. So I don’t understand any of that. I don’t get any of it…


“Bill O’Reilly Message To President Obama: I Have A Right To Protect Myself”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Sunday, October 4th, 2015 Crime, Firearms, Government, Gun Rights, Hunting, Legal, Self-Defense, Shooting Sports Comments Off on President Obama Gets Owned By Fox News’ Bill O’Reilly Over Politicizing Oregon Mass Shooting

Chicago’s Violent Weekend: 8 Dead, 45 Wounded

A headline on the Chicago Tribune website this afternoon said all that needs to be known about how bad the shootings were around Chicago this past weekend:

“2nd worst weekend of 2015 for Chicago gun violence: 8 dead, 45 wounded”

According to the accompanying article, the worst weekend (to date) was from July 3 to 6, with 7 dead, 50 wounded.

Labor Day weekend saw 7 dead, 46 wounded, in the city.

There’s a pretty good chance Chicagoans will see the following by the end of the calendar year:

• 2015 will be a “banner year” for shootings in Chicago
• Most of the incidents won’t stem from law-abiding gun owners
• “Assault weapons” won’t be used in the majority of cases either
• Despite all the above, the politicians and their ilk will call for yet more gun “control” that does nothing to curb the violence or stop criminals from perpetrating such crimes, yet punishes firearm owners who follow the law

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“2nd worst weekend of 2015 for Chicago gun violence: 8 dead, 45 wounded.” Chicago Tribune. 21 Sep. 2015. (http://www.chicagotribune.com/news/local/breaking/ct-chicago-weekend-shooting-totals-20150921-story.html). 21 Sep. 2015.

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Monday, September 21st, 2015 Crime, Firearms, Government, Gun Rights, Legal, Self-Defense Comments Off on Chicago’s Violent Weekend: 8 Dead, 45 Wounded

Jim Rogers On Illusionary Prosperity: ‘The Road’s Coming To An End’

Investor, author, and financial commentator Jim Rogers just appeared on the Yahoo! Finance show Market Pulse. The chairman of Rogers Holdings had plenty to discuss with Michael Santoli, Yahoo! Finance Senior Columnist. From their exchange that was published on the Yahoo! Finance website this afternoon:

SANTOLI: So we’re overdue for some kind of problems. Obviously we’ve been focused on problems that seem to be unfolding elsewhere in the world whether it’s emerging markets, commodities, currencies, things like that. So how bad is it going to be? People keep pointing to these prior instances whether it’s 2011 or 1998. How’s it look?
ROGERS: Mike, you work for Yahoo! Finance. You should know how bad it’s going to be for goodness sakes. It’s going to be wor- we had a problem in 2008 because of huge debt. The debt is much, much, much higher now everywhere in the world. The Federal Reserve’s balance sheet alone is over 600 percent bigger in just seven years. Mike the problem’s going to be much worse. You should watch Yahoo! Finance. I’m telling you, you should be worried, you should be prepared… We’ve got staggering debt. Huge amounts of money printing. We’re going to have to pay the price because politicians have kept pushing things down the road, kicking the can down the road as they put it- the road’s coming to an end.

The former investing partner of George Soros in the legendary Quantum Fund added later:

I don’t have any shares in the U.S. for instance. I’ve got some shorts in the U.S.- it’s near all-time highs. I don’t have many shares many places except some I bought 20 or 25 years ago. China I own shares. Russia I own shares. These are depressed markets. I like to buy things- agriculture- I like to buy things that are depressed because even if we have problems, at least they’re already down some. They can go down more, and they probably will, but that’s where I’m focusing.


“Jim Rogers On The Fed”
Yahoo! Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Monday, September 14th, 2015 Agriculture, Asia, Bailouts, Crash Prophets, Debt Crisis, Europe, Federal Reserve, Fiscal Policy, Government, Investing, Monetary Policy, Money Supply, Preparedness, Stimulus, Stocks Comments Off on Jim Rogers On Illusionary Prosperity: ‘The Road’s Coming To An End’

14th Anniversary Of 9/11

Lest we forget…


Marcus Luttrell, retired Navy SEAL portrayed by actor Mark Wahlberg
in the 2013 film Lone Survivor, for The NRA Foundation
NRA Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Friday, September 11th, 2015 Firearms, Freedom, Gun Rights, Mainstream Media, Religion, Terrorism, War Comments Off on 14th Anniversary Of 9/11

Gallup Poll: 1 In 4 Illinois Residents Say It’s The Worst State To Live

“Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave.”

-Illinois Speaker of the House Michael Madigan (D- Chicago), while pitching the idea of raising income taxes on Illinois millionaires back on March 20, 2014 (Source: Chicago Tribune, March 21, 2014)

I’m blessed to be surrounded by lots of good people here in the state of Illinois. I was reminded by that fact yesterday while cheering on athletes at the Special Olympics (Illinois) Spring Games over in Mount Prospect (a far northwest suburb of Chicago).

Yet, many Illinoisans just aren’t enamored of their home state.

Justin McCarthy wrote on the Gallup website last Thursday:

When asked to rate their state as a place to live, three in four Montanans (77%) and Alaskans (77%) say their state is the best or one of the best places to live. Residents of Rhode Island (18%) and Illinois (19%) are the least likely to praise their states…

Illinois has the unfortunate distinction of being the state with the highest percentage of residents who say it is the worst possible place to live. One in four Illinois residents (25%) say the state is the worst place to live, followed by 17% each in Rhode Island and Connecticut.

Throughout its history, Illinois has been rocked by high-profile scandals, investigations, and resignations from Chicago to Springfield and elsewhere throughout the state. Such scandals may explain why Illinois residents have the least trust in their state government across all 50 states. Additionally, they are among the most resentful about the amount they pay in state taxes. These factors may contribute to an overall low morale for the state’s residents…

(Editor’s note: Bold added for emphasis)

“One in four Illinois residents (25%) say the state is the worst place to live”

Can’t say I’m too surprised to hear this.

At the same time, I’d like to know what, if anything, those Illinois respondents that feel that way are doing about the situation.

Even with a renewed embrace of civic duty and engagement on their part, I fear the Ubi Est Me? (“where’s mine?”) brigade and legions of disgusted and indifferent voters in the state are just too many at this point, sealing the “Land of Lincoln’s” eventual fate.

According to Gallup, the results were based on a special 50-state poll conducted from June through December 2013, where interviews were conducted with at least 600 residents in each state.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

McCarthy, Justin. “Montanans, Alaskans Say States Among Top Places to Live.” Gallup.com. 24 Apr. 2014. (http://www.gallup.com/poll/168653/montanans-alaskans-say-states-among-top-places-live.aspx). 28 Apr. 2014.

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Monday, April 28th, 2014 Corruption, Government, Taxes Comments Off on Gallup Poll: 1 In 4 Illinois Residents Say It’s The Worst State To Live

Another Quote For The Week

One more QFTW to ponder as the work week kicks off:

I think the American people should know that the members of Congress are underpaid. I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.

-U.S. Representative Jim Moran (D-VA 8th District), in an interview last Thursday with CQ Roll Call

Members of Congress make $174,000 a year and have their travel and work-related expenses covered by American taxpayers.

Gallup reported back on March 10 that only 15 percent of Americans approve of the overall job Congress is doing.

Perhaps other elected representatives to Congress who think along the same lines as the departing Moran should make way for aspiring civil servants willing to make sacrifices when it comes to salary and terms served. After all, from what I understand, I don’t think it was the intention of the Founding Fathers for citizens to make a career out of serving in the national legislature– which is exactly what a number of these politicians are doing.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, April 7th, 2014 Government, Political Parties, Quote For The Week Comments Off on Another Quote For The Week

Quote For The Week

Society has changed. The public is to blame as well. I think the people have gotten dumber. I don’t know that I would’ve said that out loud pre-my announcement that I was going to be leaving. [Laughter] But I think that’s true. I mean everything has changed. The media has changed. We now give broadcast licenses to philosophies instead of people. People get confused and think there is no difference between news and entertainment. People who project themselves as journalists on television don’t know the first thing about journalism. They are just there stirring up a hockey game.

-Retiring U.S. Representative Gary Ackerman (D-NY), in a recent interview for a June 21, 2012, Bloomberg Businessweek article

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Monday, June 25th, 2012 Main Street, Mainstream Media, Quote For The Week Comments Off on Quote For The Week

A Lesson For Those With Political Aspirations

Readers of my old blog Boom2Bust.com might recall the following material which I discussed back in 2008 when Barack Obama was still on the campaign trail. It’s based on an excerpt from market forecaster Robert Prechter’s book Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression that I just got done referring to:

What To Do If You Have Political Aspirations

If there is a major stock market crash, you want to run for office near the bottom. You will be revered by the public and historians if you win. George Washington, Abraham Lincoln, Franklin Roosevelt and Ronald Reagan were all elected at or near the bottom of severe downtrends, and all have an exalted place in American history.

Third parties do well in tough times; so do outsiders and radicals; incumbents do poorly. So if you are a non-incumbent political animal, you can plan now to take advantage of the situation. If you want to be a politician, plan to run for office on any party ticket but that of the leader(s) in your country who rode the trend down.

Since I first discussed Prechter’s findings, by November 2008 the Republicans were swept out of the White House and Congress by the Democrats and their message of “hope and change”- which coincided with a rapidly-deflating housing bubble and a meltdown in the financial markets. As the “Great Recession” took hold in the United States, Democrats were quick to blame President George W. Bush and the Republicans for the nation’s economic ills while at the same time racking up massive debt and intervening in the private sector in an attempt to combat the financial crisis. Such activity did not produce the economic recovery many had hoped for- especially the Democrats- and as a result, a political backlash ensued at the polls in November 2010, when the Republicans, empowered by the Tea Party movement, took over the House of Representatives and gained ground in the Senate.

Sounds like Prechter might be on to something here. And if he’s right, then aspiring politicians may want to hold off running for office until after the financial carnage is done. Although, a number of Americans might say the country could really use some quality political leadership right now.

Source:

Prechter, Robert R., Jr. Conquer The Crash. Hoboken: John Wiley & Sons, 2002.

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Wednesday, February 23rd, 2011 Crash Prophets, Government, Political Parties Comments Off on A Lesson For Those With Political Aspirations
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