Interview: An Introspective Look At The Collapsing Republic & Push For Global Totalitarianism



“Massive civil unrest in the US starting in 2023, Word War 3 on the horizon, inflation to only get progressively worse, and the elites going all out to push their Great Reset on humanity. Legendary economic forecaster and astute scholar of history and human nature Martin Armstrong speaks with Ryan McCormick from The Outer Limits of Inner Truth ( to discuss his predictions and insight on the topics above.

Armstrong reveals what to expect and what people can do in the volatile years ahead. Also, if we can weather the storm till 2032, things should clear up, and humanity should be knee-deep in a peaceful enlightenment period by 2040.”

The post Interview: An Introspective Look At The Collapsing Republic & Push For Global Totalitarianism first appeared on Armstrong Economics.

Market Talk – August 19, 2022



The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 11.81 points or -0.04% to 28,930.33
  • Shanghai decreased 19.47 points or -0.59% to 3,258.08
  • Hang Seng increased 9.12 points or 0.05% to 19,773.03
  • ASX 200 increased 1.70 points or 0.02% to 7,114.50
  • Kospi decreased 15.36 points or -0.61% to 2,492.69
  • SENSEX decreased 651.85 points or -1.08% to 59,646.15
  • Nifty50 decreased 198.05 points or -1.10% to 17,758.45


The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00433 or -0.63% to 0.68704
  • NZDUSD decreased 0.00823 or -1.31% to 0.61777
  • USDJPY increased 1.207 or 0.89% to 137.024
  • USDCNY increased 0.03561 or 0.52% to 6.83721


Precious Metals:

Gold  decreased 8.16 USD/t oz. or -0.46% to 1,750.04

Silver decreased 0.401 USD/t. oz or  -2.05% to 19.119


Some economic news from last night:


CPI, n.s.a (MoM) (Jul) increased from 0.3% to 0.5%

National Core CPI (YoY) (Jul) increased from 2.2% to 2.4%

National CPI (YoY) (Jul) increased from 2.4% to 2.6%

National CPI (MoM) increased from 0.0% to 0.5%

New Zealand:

Credit Card Spending (YoY) increased from 3.9% to 4.9%

Exports (Jul) increased from 6.27B to 6.68B

Imports (Jul) increased from 7.38B to 7.77B

Trade Balance (MoM) (Jul) increased from -1,102M to -1,092M

Trade Balance (YoY) (Jul) decreased from -10,940M to -11,640M

Some economic news from today:


FX Reserves, USD decreased from 572.98B to 570.74B




The major Europe stock markets had a mixed day:

CAC 40 decreased 61.57 points or -0.94% to 6,495.83

FTSE 100 increased 8.52 points or 0.11% to 7,550.37

DAX 30 decreased 152.89 points or -1.12% to 13,544.52

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.0043 or -0.43% to 1.00469
  • GBPUSD decreased 0.01162 or -0.97% to 1.18169
  • USDCHF increased 0.00185 or 0.19% to 0.95865


Some economic news from Europe today:


Core Retail Sales (YoY) (Jul) increased from -6.2% to -3.0%

Core Retail Sales (MoM) (Jul) increased from 0.2% to 0.4%

Retail Sales (MoM) (Jul) increased from -0.2% to 0.3%

Retail Sales (YoY) (Jul) increased from -6.1% to -3.4%


German PPI (YoY) (Jul) increased from 32.7% to 37.2%

German PPI (MoM) (Jul) increased from 0.6% to 5.3%

Euro Zone:

Current Account (Jun) increased from -4.5B to 4.2B

Current Account n.s.a. (Jun) increased from -15.4B to 3.2B


As part of the Inflation Reduction Act, corporations will face a 1% excise tax on buybacks. According to S&P Global data, companies repurchased $881.7 billion in stocks last year, a jump from the $519.8 billion in buybacks in 2020. Estimates state that this new tax will raise $74 billion within ten years. The law will go into effect on January 1, 2023. Some believe companies may boost buybacks during the remainder of the year to avoid the tax.

Retail sales in Canada rose 1.1% to C$63.1 billion this June, according to data released by Statistics Canada. The agency believes July’s data will show a 2% decline in retail sales. Higher prices led to higher sales. Gas prices rose 3.9% in June despite volume declining 1.3%. Core retail sales rose by only 0.2%.

US Market Closings:

  • Dow declined 292.3 points or -0.86% to 33,706.74
  • S&P 500 declined 55.26 points or -1.29% to 4,228.48
  • Nasdaq declined 260.13 points or -2.01% to 12,705.22
  • Russell 2000 declined 43.38 points or -2.17% to 1,957.35


Canada Market Closings:

  • TSX Composite declined 153.99 points or -0.76% to 20,111.38
  • TSX 60 declined 7.89 points or -0.64% to 1,217.93


Brazil Market Closing:

  • Bovespa declined 2,316.66 points or -2.04% to 111,496.21



The oil markets had a green day today:


Crude Oil increased 1.642 USD/BBL or 1.81% to 92.142

Brent increased 0.989 USD/BBL or 1.02% to 97.579

Natural gas increased 0.1455 USD/MMBtu or 1.58% to 9.3335

Gasoline increased 0.0154 USD/GAL or 0.51% to 3.0415

Heating oil increased 0.0588 USD/GAL or 1.61% to 3.7085

The above data was collected around 11:56 EST on Friday

Top commodity gainers: Wheat (2.24%), Crude Oil(1.81%), Rice (2.45%) and Sugar (1.97%)

Top commodity losers: Bitumen (-2.23%), Lumber(-5.85%),  Platinum (-2.55%) and Silver (-2.05%)


The above data was collected around 12:03 EST on Friday.




Japan 0.205%(+0.7bp), US 2’s 3.27% (+0.037%), US 10’s 2.9794% (+9.94bps); US 30’s 3.21% (+0.074%), Bunds 1.230% (+13.2bp), France 1.7970% (+11.9bp), Italy 3.4880% (+16.5bp), Turkey 16.29% (-38bp), Greece 3.695% (+15.7bp), Portugal 2.299% (+13.8bp); Spain 2.373% (+12.7bp) and UK Gilts 2.4110% (+10.1bp).

The post Market Talk – August 19, 2022 first appeared on Armstrong Economics.

The UK has a Refugee Problem

Migrants are risking their lives by boarding small boats to cross the English Channel to the UK. Over 600 people on 14 ships reached Britain last Saturday alone. About 1,843 illegal immigrants crossed into the UK in 2019, but that number quickly multiplied to 28,526 in 2021. Now, the nation is bracing for 60,000 undocumented illegal immigrants in 2022.

The government does not know how to handle the giant influx. Former Prime Minister Boris Johnson did recognize the problem, but his strategies failed. Brexit allowed us to take back control of legal immigration by replacing free movement with our points-based system, we are also taking back control of illegal immigration, with a long-term plan for asylum in this country,” Johnson said in a prepared speech. Yet, the woke crowd will not let the UK expel immigrants despite not having the capacity to handle such a sharp uptick in arrivals.

There was the failed flagship Rwanda policy that suggested flying migrants to Rwanda, Africa. One flight was attempted before it was grounded at the last minute by the European Court of Human Rights. Some in the UK blame France for allowing migrants to pass their waters into the UK. The real culprit is former German Chancellor Angela Merkel, who opened Germany up to all Syrian refugees and, therefore, the EU’s borders to any asylum seeker years ago. The Mediterranean nations in the EU have been asking for help to no avail.

The UK has more options since Brexit but must tread lightly. The Royal Navy cannot simply sink ships filled with women and children. Smugglers are running the seas and navigating these small boats to UK shores from the EU or Turkey. The potential of a life sentence for smuggling does not seem to be enough of a deterrent. The UK has a broken asylum system that needs to be fixed as the radical uptick in undocumented arrivals is unsustainable.

The post The UK has a Refugee Problem first appeared on Armstrong Economics.

Teacher’s Union Calls to Fire White Teachers

Sometimes going woke is just blatant racism against the majority. The Minneapolis Federation of Teachers (MFT) union proposed a deal with “educators of color protections.” Basically, in the event of reducing staff, white teachers must be the first to leave.

“Starting with the Spring 2023 Budget Tie-Out Cycle, if excessing a teacher who is a member of a population underrepresented among licensed teachers in the site, the District shall excess the next least senior teacher, who is not a member of an underrepresented population,” the agreement reads. Seniority is usually considered during teacher layoffs, but now they are blatantly discriminating against Caucasian teachers. This clearly violated the Constitutional protection for equal rights.

The same bleeding heart white liberals who agreed to this contract may think twice once they lose their jobs. Teacher’s unions are historically liberal. The two largest teacher’s unions in America are the National Education Association (NEA) and the American Federation of Teachers (AFT), with over 3 and 1.5 million members, respectively. These agencies are not only openly liberal, but they lobby for liberal candidates.

According to Open Secrets, the National Education Association spent $12,596,440 on political contributions and $2,610,000 on lobbying efforts in 2020. Around 98.22% of their funding for Congressional candidates went to the Democrats. The union supported 198 Democratic House members and only three Republicans. They even put money behind 27 Democratic Senators and just one Republican. These teachers’ unions are notoriously left and are far from impartial when teaching impressionable children.

The post Teacher’s Union Calls to Fire White Teachers first appeared on Armstrong Economics.

Pelosi – Taiwan – China

QUESTION: With the bank runs in China, do you still think China will surpass the US economy? What about Pelosi’s trip? China’s response was more shock and see than anyone expected.


ANSWER: Nothing has changed. But you have to understand that the decline in the US economy also benefits China’s rise. The Democrats are attacking corporations and hiring 87,000 IRS agents to harass the people. There comes a point where it no longer pays to work. They do not understand that. I used to manage money in the USA and quit in 1985. I handed back all the money and told clients I was retiring. The auditors were crazy. They view NOBODY as honest, so they will not leave until they can charge you with some infraction. Mine was the tabs on our files were “pink” not “red” so they were going to write me up for improper record keeping. I am not one to cower. That was it. I said, fine. I would close the business. IRS agents are no different, but now they will be armed. Later, the government had the audacity to say I was prejudiced against Americans and refused to manage their money. I warned Congress that they were forcing everyone offshore and thus began the hedge fund business. We are at such a crossroads, and the future does not look bright.

As far as Nancy Pelosi’s recent trip to Taipei, it demonstrated the complete lack of international expertise that has engulfed Washington. There appears to be a complete lack of intelligence, and that is by no means confined to just Democrats. Anyone who supported her trip is totally incompetent in international politics.  The trip was supposed to demonstrate US confidence in Taiwan’s leadership, but instead, it provoked a reaction from China that undermined the entire region. Beijing has apparently emerged with much more confidence than ever that it could retake Taiwan by force if necessary.

There were some people in the White House and the US Defense Department who told her to postpone her trip. Pelosi had announced her trip on her own and then faced political pressure not to back down once her plans became public. On  July 31, 2022, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, attended a reception to celebrate the 95th founding anniversary of the People’s Liberation Army (PLA), which fell on August 1. Her sheer stupidity was a slap in the face to Jinping, showing her total ignorance of international politics.

The Biden Administration has been forced to downplay the trip’s significance. In the process, the Biden Administration was forced to reaffirm its commitment to the United States’ long-standing “One China” policy, which recognizes Beijing as “the sole legal government of China,” while the US just ignores any claims to rule Taiwan. The Biden Administration has been forced to try to tell China that nothing has changed despite the stupidity of Pelosi.

China dramatically put on an expert show of military force that was awesome. Beijing, within hours after Pelosi left Taipei, showed to the world that China’s military spectacle was without precedent in scope and scale. Beijing is merely waiting for the right moment to take Taiwan. Beijing no longer trusts that the American policy of “One China” is in play with all the war drums beating over Taiwan. Biden has stated that the United States has a “commitment” to aid Taiwan in the event of a Chinese invasion. Even NATO has joined in the rhetoric against China. The timing of Pelosi’s trip merely reinforced the support for Jinping in the coming Chinese Communist Party leadership.

This demonstration showed the world just how far China has progressed militarily since the poor performance during the 1996 Taiwan missile crisis. They can take Taiwan with air and sea assets. China conducted, for the first time, simulated attacks on Taiwan in the actual airspace and territorial waters. China is trying to demonstrate that Taiwan should surrender rather than see its people die and its infrastructure destroyed, as is taking place in Ukraine.

In addition, China has confirmed to the entire world that it could, at any time it chooses, severely disrupt or more likely outright block critical global air and sea trade routes. That would cut off all Taiwanese-produced semiconductors while starving them out from imports. Pelosi’s trip has backfired completely, and instead of showing support and confidence in Taiwan, she has illustrated its vulnerability.

Worse still, the Biden Administration’s sanctions on Russia have destroyed globalization. It has also forged a hardline alliance between China, Russia, North Korea, and many more states swinging to their side against what many call the arrogance of the United States. This reminds me of the Peloponnesian War over the arrogance of Athens, and many joined their enemy, Sparta, and Athens lost.


The post Pelosi – Taiwan – China first appeared on Armstrong Economics.

Market Talk – August 18, 2022


India’s oil imports from Russia fell in July for the first time since March, along with its overall purchases, while supplies from Saudi Arabia rebounded for the first time in five months, data from trade and industry sources showed. Indian refiners lifted more futures from Saudi Arabia as prices were attractive, while prices for Russian supplies rose on strong demand. India shipped 877,400 barrels per day (bpd) of oil from Russia in July, down 7.3% from June, with Moscow remaining its second-largest oil supplier after Iraq. Crude imports from Saudi Arabia to India rose 25.6% to 824,700 bpd in July, the most in three months, data showed, after the producer cut its official selling price (OSP) in June and July compared with May. Saudi Arabia remained the third largest supplier to India. Middle Eastern oil’s share of India’s total imports fell marginally in July as the country cut purchases from Iraq by 9.3% from June to below the 1 million bpd mark for the first time in 10 months, data showed.

The major Asian stock markets had a mixed day today:


  • NIKKEI 225 decreased 280.63 points or -0.96% to 28,942.14
  • Shanghai decreased 14.98 points or -0.46% to 3,277.54
  • Hang Seng decreased 158.54 points or -0.80% to 19,763.91
  • ASX 200 decreased 14.90 points or -0.21% to 7,112.80
  • Kospi decreased 8.42 points or -0.33% to 2,508.05
  • SENSEX increased 37.87 points or 0.06% to 60,298.00
  • Nifty50 increased 12.25 points or 0.07% to 17,956.50


The major Asian currency markets had a mixed day today:


  • AUDUSD decreased 0.00225 or -0.32% to 0.69101


  • NZDUSD decreased 0.003 or -0.48% to 0.62500


  • USDJPY increased 0.812 or 0.60% to 135.841


  • USDCNY increased 0.01481 or 0.22% to 6.80591


Precious Metals:


l Gold decreased 4.44 USD/t oz. or -0.25% to 1,756.61


l Silver decreased 0.343 USD/t. oz or -1.73% to 19.497


Some economic news from last night:




Foreign Bonds Buying increased from 829.9B to 1,152.4B


Foreign Investments in Japanese Stocks decreased from 61.0B to 45.5B




Employment Change (Jul) decreased from 88.4K to -40.9K


Full Employment Change (Jul) decreased from 52.9K to -86.9K


Participation Rate (Jul) decreased from 66.8% to 66.4%


Unemployment Rate (Jul) decreased from 3.5% to 3.4%


Some economic news from today:




FDI (Jul) decreased from 17.40% to 17.30%



A weak UK growth outlook has weighed on the pound all year. That means it hasn’t seen much benefit from the Bank of England starting its rate hike cycle earlier than many of its G10 peers. The pound fell 10 percent against the dollar and a little less than 1 percent against the euro. Economics textbooks suggest that higher interest rates support currencies. That said, there is clear evidence around the world recently that the tone of central bank policy statements has a key directional effect on currency markets, almost regardless of interest rate announcements. The gloomy outlook comes alongside warnings from the BoE’s Monetary Policy Committee that it will continue to raise rates to curb inflation, which is now expected to peak around 13 percent.

The major Europe stock markets had a green day:


  • CAC 40 increased 29.08 points or 0.45% to 6,557.40
  • FTSE 100 increased 26.10 points or 0.35% to 7,541.85
  • DAX 30 increased 70.70 points or 0.52% to 13,697.41


The major Europe currency markets had a mixed day today:


  • EURUSD decreased 0.00904 or -0.89% to 1.00864


  • GBPUSD decreased 0.01134 or -0.94% to 1.19322


  • USDCHF increased 0.00507 or 0.53% to 0.95667


Some economic news from Europe today:




Trade Balance (Jul) decreased from 3.683B to 3.585B




Spanish Trade Balance decreased from -4.76B to -5.39B


Euro Zone:


Core CPI (YoY) (Jul) increased from 3.7% to 4.0%


CPI (YoY) (Jul) increased from 8.6% to 8.9%


CPI (MoM) (Jul) decreased from 0.8% to 0.1%


Jobless claims in the US are on the decline, according to the Labor Department’s weekly report. Jobless claims reached 250,000 for the week ending on August 13, marking a 2,000 decline. The four-week moving average declined by 2,750 to 246,750. Continuing claims (data collected a week prior), however, increased by 7,000 to 1.437 million.

More data was presented today to indicate that the US real estate market is cooling. Existing home sales fell by 6% in July, according to the National Association of Realtors. Compared to sales in July 2021, there was a 20% decrease in purchases. Experts say the decline is due to a decrease in building due to inflation exacerbated by supply chain issues. Around 1.31 million homes were available across the nation at the end of July, which remains unchanged from the same period last year. The median home price is now $403,800, marking a 10.8% YoY gain.

US Market Closings:

  • Dow advanced 18.72 points or 0.06% to 33,999.04
  • S&P 500 advanced 9.7 points or 0.23% to 4,283.74
  • Nasdaq advanced 27.22 points or 0.21% to 12,965.34
  • Russell 2000 advanced 13.41 points or 0.68% to 2,000.73


Canada Market Closings:

  • TSX Composite advanced 83.93 points or 0.42% to 20,265.37
  • TSX 60 advanced 4.49 points or 0.37% to 1,225.82


Brazil Market Closing:

  • Bovespa advanced 105.11 points or 0.09% to 113,812.87




The oil markets had a green day today:


l Crude Oil increased 2.636 USD/BBL or 2.99% to 90.746


l Brent increased 3.032 USD/BBL or 3.24% to 96.682


l Natural gas increased 0.0976 USD/MMBtu or 1.06% to 9.3416


l Gasoline increased 0.0918 USD/GAL or 3.13% to 3.0263


l Heating oil increased 0.0443 USD/GAL or 1.22% to 3.6617


The above data was collected around 13:18 EST on Thursday


l Top commodity gainers: Brent (3.24%), Crude Oil(2.99%), Gasoline (3.13%) and Copper (1.61%)


l Top commodity losers: Wheat (-3.55%), Palm Oil(-3.58%), Oat (-4.02%) and Lean Hogs (-4.36%)


The above data was collected around 13:25 EST on Thursday.




Japan 0.199%(+1.5bp), US 2’s 3.24% (-0.058%), US 10’s 2.8840% (-1.1bps); US 30’s 3.14% (-0.009%), Bunds 1.110% (+3.2bp), France 1.6870% (+3.2bp), Italy 3.3360% (+2.2bp), Turkey 16.67% (+36bp), Greece 3.544% (+3.4bp), Portugal 2.192% (+5.5bp); Spain 2.301% (+7.8bp) and UK Gilts 2.3320% (+4.3bp).

The post Market Talk – August 18, 2022 first appeared on Armstrong Economics.

Democrats are the Enemy of the Middle Class

Biden signed into law the Inflation Reduction Act this Tuesday, wasting $437 billion of taxpayers’ dollars. “I’m keeping my campaign commitment. No one — let me emphasize this — no one earning less than $400,000 a year will pay a penny more federal tax,” Biden said before signing the legislation. Biden refused to take questions at the signing event.

Yet, independent analysis has shown that this proposal will harm small and medium businesses. “Most small businesses are organized as pass-through entities — LLCs and S Corps,” James Lucier, managing director of Washington-based policy research firm Capital Alpha, told The Post. “Proponents of increased auditing specifically say they want to target pass-through entities, which inherently means targeting small business and small business owners.” Lucier explained that smaller companies would be unable to fight back. Only large corporations have specialized lawyers to review everything and adhere to the plethora of laws.

The big companies are already using Biden’s failed plans to make a profit. The Inflation Reduction Act primarily pays for climate change controls, and they slipped in a $7,500 tax credit for those who can afford an electric vehicle (EV). So what did the companies do? Ford and GM simply raised the prices on their EV to match or exceed the tax credit.

Let’s not forget the 15% corporate tax minimum. Costs are always passed onto the consumer. Not a single Republican voted for this bill. Democrats are the enemy of the middle class — the wolf in sheep’s clothing.

The post Democrats are the Enemy of the Middle Class first appeared on Armstrong Economics.

Canada to Launch Digital Identity Program

Trudeau is pushing forth the Great Reset at any cost. Canada will impose a federal “Digital Identity Program” to help the World Economic Forum develop a global ID system. Since the COVID passports failed, they are outright demanding that everyone carry proof of their digital identity.

Canada’s Digital Ambition 2022 report revealed the details of its plan:

“Now more than ever, we have work to do to make it easier for Canadians to interact with the Government of Canada, and we are committed to better serving Canadians in a digital age. This will require modern, integrated systems and an unwavering focus on the needs and experience of citizens. We have made progress, but we must continue to improve.

During the pandemic, the government quickly deployed new and innovative programs to support Canadians, but we have also seen examples where we can do more to deliver secure, reliable, and easy to use digital services.

Building on the vision outlined in Canada’s Digital Government Strategy, I am pleased to introduce the Government of Canada’s Digital Ambition (GC's Digital Ambition) which has been developed with this service imperative in mind… The GC's Digital Ambition will provide a solid foundation for the ever-evolving digital transformation of government. It will serve as an important tool to support the focus shared across ministers and departments to identify and implement better ways to ensure Canadians receive high quality, accessible, and efficient government services.”

We saw the power that digital IDs provided to governments. China was able to freeze bank accounts and prevent the freedom of movement by simply changing a QR code. As we saw in numerous countries with the COVID passport, people were unable to access public buildings and facilities. They were unable to leave their countries or provinces. Governments can effectively banish people from participating in society with digital IDs. This is simply one step away from actually microchipping the people as if we were owned by the government.

The Canadian government will be able to track every citizen’s movement. They will surely implement digital IDs into every facet of government, so the people will be required to carry their digital ID as if it were Nazi Germany. Freedom and privacy have been lost to tyranny.

The post Canada to Launch Digital Identity Program first appeared on Armstrong Economics.