QUESTION: Mrt. Armstrong, Socrates has been an actual lifesaver. It’s refreshing to not have somebody spinning their political beliefs into all the things. Socrates referred to as for the excessive in GDP right here in 2023 and that the excessive befell in Could. Right here, we’ve got Biden creating cash with out regard for fiscal duty. Socrates has proven the economic system peaked in Could. That is actually exceptional. Is that this unusual state of affairs our destiny into 2024?
KL
ANSWER: I perceive that Socrates has forecast what’s the reverse of each financial principle on the market. It reveals a recession has been unfolding since Could, however that is on the mixture degree. On high of that, we’ve got a Panic Cycle subsequent 12 months in 2024 in GDP. After I drill down into its forecasts per state, what turns into painfully obvious is what I’ve been writing about. There’s a huge migration from blue states to purple states initiated by COVID-19 however accelerated by tax will increase. Thus, actual property is declining within the blue states, and those that didn’t wish to transfer due to the upper mortgage charges will discover their homes unsalable whatever the mortgage charges. This can be significantly true in New York, Chicago, San Francisco, Seatle, and Los Angeles, to say a couple of. They’d their probability. With the onslaught of migrants into these areas, these cities are elevating taxes to deal with the aliens who pay no taxes.
Add to all of this chaos, Biden’s open border coverage has let in terrorist cells, so no one bothered to examine anybody. Geopolitically, beginning a struggle within the Center East was insane. The Democrats ought to simply admit that the actual head of state in Blinkin and his VP is Victoria Nuland. They’re the folks working the nation into the bottom. We are going to see home terrorism due to the open border, and this time, World Struggle III can be coming to a theater close to you.
Then, we’ve got a surge in illnesses eradicated within the USA, like TB and malaria. We will even see an increase in illnesses, together with polio. Even Fed Chairman Powell has damaged his silence in criticizing the Biden Administration. He has made it clear that this spending spree is unsustainable.
Local weather Change zealots and the Neocons have usurped the Biden Administration. The Democrats are destroying the USA. Politics is so divided and polarized that they refuse to take a look at and cease the development. This isn’t about Democrat v Republican. The USA has undergone a coup, and people in Washington are so caught up in hating one another no one provides a dam concerning the nation or the folks.
The USA has turn out to be so divided – it’s inconceivable to outlive as one nation. The division is already beginning. So, whereas the Democrats level fingers on the Republicans and they’re so determined to imprison Trump that they may guarantee he dies mysteriously like Epstein and so many, there can be nothing left to struggle over.
We face a recession as a result of the patron tends to spend much less and save at any time when there may be UNCERTAINTY. Easy as that.
Then, if we find yourself with wars in Asia, Europe, and the Center East, Overseas Capital Will Flee to the US
Therefore – we’ve got a Panic Cycle warning about two reverse tendencies.