Showing posts with label Martin Armstrong @ Armstrong Economics. Show all posts
Showing posts with label Martin Armstrong @ Armstrong Economics. Show all posts

Saturday, October 26, 2024

Armstrong enters at the 12:22 mark.  

Hurricane Helene was 150 miles offshore from me but it created such a wind in the ocean that waves were just coming in.  So that brought piles and piles of sand in.  It wasn't like a hurricane with wind here, but it was "storm surge."  So that was the first one.  The second one was Milton, and that was more of a wind. 

17:24. Insurance companies I've never personally ever found over my lifespan where they ever pay for anything if they can get out of it they will get out of it insurance companies are to me mostly a scam.

17:50.  Weather control patents have been filed over the past 100 years.  Any chance those hurricanes could have been man-made?

17:53.  Hard to say.  The bad hurricanes of 1848 and 1923 that actually started in the Pacific and crossed Mexico, picked up in the Gulf and came straight into Tampa.  So we don't tend to get them but the local joke is that the Seminole Indians were on the east coast and they got tired of the Hurricanes, so they moved to the West Coast and everybody says that we are protected by the Indian gods.  

18:42. What do you think the economic ramifications are for the areas hit by the hurricanes?

18:45.  Definitely a lot of small stores and things of that nature have been seriously hurt even my local post office I went down there to mail a letter and I looked in there and it's completely wiped out so things of that nature it's hard to say but I will say one thing for our governor, [DeSantis] he is a stand-up type of guy.  Because of the hurricanes and stuff like that, he suspended all tolls.  I mean I had gone up north to Chicago a few years ago and couldn't get back.  And when I got back, I had left my car in the short-term parking lot, I came in and I thought I was going to have a bill for like $1,000 or so.  I gave him the ticket, and they said, "Oh no charge.  The government knows you couldn't get back," and that was it.  DeSantis is actually a stand-up guy.  In New Jersey and New York, they would have doubled it and said "Oh well, we're storing it for you."  

20:13. What are you hearing on the hurricane in North Carolina being a positive for lithium and quartz mining there?

20:20.  Yeah I don't think it impacted the current mines what I've been told from people that are actually there.  But that is a big lithium area, and the only thing I would say is that you had some Teslas and things like that nature.  One guy had parked it in his garage, and they do not like salt water.  These electric cars blow up, and his blew up and burnt down his whole house.  I don't know if you should really have electric cars if you're near the beach.

21:10.  And yet Vancouver is a Tesla capital of North America.  

21:13.  Definitely do not drive it in salt water I'm telling you right now.

21:18.  The Dow again hit new highs this week.  How long does Socrates think this bull market can continue?  And explain for new listeners what Socrates is.  

21:30.  Socrates is actually the only real artificial intelligence computer with more than a 40-year track record.  It writes over a thousand reports on markets around the world all by itself every day.  It shows largely that we're looking at the major resistance on the Dow is just a little bit higher about 45,000.  You have to really exceed that area and this year's high.  Then perhaps if you can make a new high next year, you would be looking at a continued rally into 2026; otherwise, it normally would back off.  But the problem here is if you look at the Dow versus the NASDAQ, for example, you'll see the Dow is leading again.  The Dow made new highs before the NASDAQ can.  Why?  Because when you're about war, and we've got war in the Middle East, Europe, and they're beating the war drums in Asia with Korea and Taiwan, the money tends to come to North America as I've said on your show before.  So the big foreign money goes first into the Dow.  It's like when the Japanese were buying all real estate in the United States in the 1980s, they were buying the trophies, like Rockefeller Center, stuff like that.  They weren't going down Main Street buying $200,000 houses from moms and pops, that's more Black Rock.  So you're still looking at foreign capital coming into North America, and that's just trying to park it here.  You've got Zelenskyy whose victory plan is basically the total destruction of Russia; that's what he's arguing for.  He wants to be entered into NATO immediately, which would then invoke everybody in the world; we'd all have to send troops.  And he wants long-range missiles to attack deep into Russia and wants us to give him all the ammunition to go do this.  I've had employees both in Kyiv and in Donbas, and the two of them would never talk to each other.  The hatred in that region against various ethnic groups is unprecedented.  When Yugoslavia broke up, 1980-1992, what happened was it broke up according to ethnic lines.  That's what Ukraine should have done, allowed its people to separate you know

Thursday, May 16, 2024

Russia to conduct missile tests for 10 days 300 miles offshore from San Francisco in international waters.

What Putin does not get is that our wonderful Neocons care nothing about the country, the people, and certainly not the economy.  He keeps warning – is this what you really want? They do not back down and want war so bad they can taste it in their sleep.  --Martin Armstrong

Thanks to Martin Armstrong @ Armstrong Economics.

Putin keeps trying to warn the American Neocons that they are playing with World War III, which will be nuclear. They issued a Notice to Air Missions (NOTAM) that they will be firing missiles in a test just off the coast of northern California coast, thereby alerting pilots of Russian missile launches to LAND / IMPACT in the Oakland Air Route Traffic Control Center ((ARTCC). This will begin tomorrow and continue for 10 days. This is 300 miles offshore in international waters.

What Putin does not get is that our wonderful Neocons care nothing about the country, the people, and certainly not the economy. The Climate Change zealots in the White House agree with them and think reducing the population may be the only way to reach their NET ZERO target for CO2. He keeps warning – is this what you really want? They do not back down and want war so bad they can taste it in their sleep.

The first week of June in a Panic Cycle and the climate change nuts are punching for restrictions on travel this summer and the date is June 6th is what they are shooting for. They want to curtain your summer vacation this year to reduce CO2. If they can throw in war – fantastic! The only question they indeed to ask after World War III – Did we get enough of them to save the planet?