Join Us at the 2023 World Economic Conference in Orlando, Florida!

? Dates: November 17, 18, and 19 ? Location: Orlando, Florida, USA (or tune in from home with our virtual ticket options)

Are you ready to unlock the future of economics and finance? Prepare for an unforgettable World Economic Conference experience in sunny Orlando, Florida! This premier event is your gateway to insights, networking, and valuable resources that will supercharge your understanding of the global economy.

?️ What’s Included for In-Person Attendees:

1. Event Admission: Enjoy reserved seating assigned based on the order of ticket sales, ensuring you have a prime view of every presentation.
2. Presentation Slides: Gain access to the presentation slides from all speakers, allowing you to delve deeper into the topics discussed.
3. Video Recording: Can’t make it to a session? No worries! You’ll receive access to video recordings of all conference presentations, so you can catch up at your convenience.
4. WEC Event App: Connect with the conference on a whole new level. Access presentation slides, bonus reports, recordings, and more via the official WEC Event App.
5. Bonus Conference Materials: Get a package of bonus conference-related materials, including exclusive bonus reports and videos (as provided by Martin Armstrong).
6. Morning Information Sessions: Don’t miss out on important morning information sessions, screened on-site in the meeting room on Saturday and Sunday.
7. Networking Opportunities: Exclusive access to the Event App Networking Feature allows you to connect with fellow attendees, both in-person and virtual, fostering valuable professional relationships.
8. Culinary Delights: Savor delicious breakfast and lunch on Saturday and Sunday, prepared to keep you energized throughout the day.
9. Cocktail Reception: Kick off the conference in style at our Friday evening cocktail reception. Meet and mingle with fellow attendees while enjoying refreshing drinks.
10. Swag Bag: As a token of our appreciation, each in-person attendee will receive a swag bag filled with goodies, including an Armstrong Economics notebook, pen, and an event collector’s mug!

Unable to travel? We also have two different ticket options for those wishing to attend virtually! 

Don’t miss this opportunity to be part of a global gathering of economic and financial minds. Secure your spot at the World Economic Conference in Orlando, Florida, and gain the knowledge, connections, and resources you need to thrive in the world of finance and economics.

Space is limited, so act now and reserve your seat! Visit our Events page to register and join us in sunny Orlando this November.

Now available at all major retailers!

The eBook will be available shortly.

The second edition of “The Plot to Seize Russia – The Untold History” is now available for purchase in paperback and hardcover on Amazon and Barnes and Noble. The ebook will be available shortly.

Book description:

“Take care of Russia,” Boris Yeltsin said as he departed his presidency in August 1999. These words were directed at current Russian president, Vladimir Putin. Yeltsin specifically picked Putin as his predecessor to prevent the takeover of Russia.

So, who was Yeltsin warning against? Newly declassified documents from the Clinton Administration prove that there was a plot to rig the Russian election of 2000. These never-before-seen documents confirm numerous attempts to implement pro-Western policies using the Russian oligarchy headed by Boris Berezovsky.

On the other side were the communists who desired a return to the glory days of the Soviet Union. As one of the largest international hedge fund managers, author Martin Armstrong found himself in the middle of perhaps the greatest espionage, or attempt at a regime change for Russia, in modern history.

The Plot to Seize Russia pulls back the curtain to expose the most extraordinary attempt to seize power in modern history, but with the pen rather than armies. These declassified documents reveal a plot that has altered our thinking about the relations between the United States and Russia. The thirst for power comes seething through every line of these papers that alter our perception of reality, change the course of history, and now threaten us with World War III.

The political mood across Europe is beginning to shift, and even governments that have strongly backed Ukraine are discovering that public opinion has its limits. Italian Prime Minister Giorgia Meloni has reportedly argued that Rome must place the soaring cost of living, particularly energy and fuel bills, ahead of expanding military commitments before next year’s elections. According to the Kyiv Post, Meloni has also resisted the idea of writing endless checks for Ukraine through Brussels while Italian households continue struggling with inflation and rising utility costs.

Europe’s leadership has spent years insisting there is no limit to what taxpayers should sacrifice for the war. People do not pay their electricity bills with speeches about democracy. They pay with shrinking paychecks, higher fuel costs, and businesses forced to absorb ever-rising energy prices. Elections have a way of exposing the difference between political slogans and economic reality. Meloni understands that if governments cannot keep the lights on or make life affordable, voters eventually remove them regardless of how many standing ovations they receive in Brussels.

“The government must prioritize easing the cost of living, particularly energy and fuel bills,” Meloni declared, later adding, “If we invest in defense, that money must remain in Italy, in our factories, in our research, in our territories.” Italy has already agreed to numerous defense spending increases through its union with both Brussels and NATO–it’s never enough. “After six summits in three and a half weeks, I’ll pass,” the Italian president said. “There is no disengagement from Ukraine. But neither can I afford to disengage from Italy.”

The sovereign debt crisis and the war cycle are converging. Brussels continues to behave as though every crisis can be solved with another spending package financed by debt. That is precisely how governments eventually destroy themselves. The bureaucrats believe taxpayers exist to fund whatever grand geopolitical project they devise next. Meanwhile, families are asking why they are paying more for electricity, heating, transportation, and food while billions continue flowing abroad. Governments ignore that question at their own peril.

The cracks are becoming impossible to hide. Hungary has challenged Brussels repeatedly over Ukraine funding, and while there is a new man at the helm, nationalist sentiment has not dissolved. Slovakia has openly linked its support for new aid packages to its own national energy security after suffering through the Druzhba pipeline dispute. Now Italy is placing domestic economic concerns ahead of the demands coming from Brussels.

Brussels insists that all EU members must abide by their terms and conditions. It is not possible to cater to the needs of Europe as a whole. Elected leaders have lost their ability to prioritize their constituents who are grappling with a major cost of living crisis. The people do not want to continually fuel an endless war; the people merely want to afford a home and the basic necessities of life without struggling to survive financially.

Meloni’s comments are another reminder that domestic survival ultimately outweighs ideological commitments. Politicians may speak of European solidarity in Brussels, but they win or lose elections at home.

Every government eventually reaches the point where people stop asking whether the law exists and begin asking whether anyone intends to enforce it. That is where we are today. Reports surfaced showing Mission Regional Medical Center in South Texas advertising maternity packages in Mexico through Spanish-language billboards and a website encouraging expectant mothers to travel to Texas to give birth.

The hospital has since removed the advertisements, claiming they were misunderstood, while Texas Governor Greg Abbott ordered an investigation into whether any laws or contractual obligations were violated. If the investigation concludes that the purpose was to market travel for birthright citizenship, then this is not simply a public relations problem. It is a legal problem, and the legal system must finally decide whether the law means what it says or whether it has become entirely optional.

Everyone knows birth tourism has existed for years. Entire businesses have been built around helping foreign nationals travel to countries that offer broad birthright citizenship. Yet governments have largely looked the other way, hoping the issue would remain politically untouchable.

Other developed nations that once had broad birthright citizenship changed course years ago. Ireland amended its constitution in 2004. Numerous European countries require that at least one parent be a citizen or lawful long-term resident before automatic citizenship is granted. They confronted the legal question instead of pretending it did not exist. Meanwhile, leftist American judges claim that foreigners have a right to enjoy protections intended for taxpaying citizens. Hospitals are businesses, and unfortunately, this hospital is merely profiting on a provision that is too blatant to be considered a loophole.

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The Common Law Doctrine of Jus Soli under English common law protected “right of the soil,” which deemed anyone born on a country’s soil to be a citizen. The US Constitution never clearly defined citizenship until the Naturalization Act of 1790, which granted citizenship to “free white persons” born on US soil. The advent of the Civil War left dire uncertainty for slaves who had no homeland to return to after the war came to an end and slavery was abolished. The 1844 case Lynch v Clarke in New York reaffirmed that anyone born to non-citizen parents would be considered an American. The Reconstruction Amendments remained vague, and Dred Scott was expanded in 1868 to include:

“All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

The law remained open to interpretation. Native Americans, for example, were not seen as Americans since they did not pledge their allegiance to the federal government. It was not until the Indian Citizenship Act of 1924 that Native Americans were considered full citizens.

America’s complicated past with citizenship has led to today’s debacle. Nowhere along the way did the Supreme Court or any other entity grant citizenship to parents of children born in the US. However, the system often looks the other way to prevent separating families. American-born children may sponsor their parents for a green card when they turn 21. Then, the parents must wait five years before applying for naturalization. Parents often must leave the US for a decade before applying for citizenship.

The framers of the 14th Amendment were not looking to grant citizenship to illegal aliens. The whole illegal alien status really began to emerge with socialism. People came to America previously for the land of opportunity – not a free ride. The 14th Amendment was primarily to secure the rights of the slaves who had been freed and to overturn Dred Scott, making them citizens regardless of race.

The amendment to the constitution, ratified in 1868, developed after the Civil War to ensure that slaves could become American citizens. Today, the law is abused by those who illegally migrate into the country. The grey area surrounding this issue is the basic “intent” behind any law. All laws are to be interpreted in a manner consistent with the legislative intent for which they were originally enacted, as revealed in the Congressional Record prior to the passage. The passage of no amount of time can change the original legislative intent of a law. Courts should construe laws in harmony with the legislative intent and seek to carry out our legislative purpose. Foster v. United States, 303 U.S. 118, 120 (1938). Judges are supposed to be bound to interpret the  Constitution in the light of the law as it existed at the time it was adopted. Mattox v. United States, 156 U.S. 237, 244, 15 S. Ct. 337, 39 L. Ed. 409 (1895).

This failure of judges to rule in this manner is commonplace, and it has led to a lot of legal persecution in which prosecutors twist the word to fit their objective. I recommend reading the work On Liberty of John Stuart Mill (1806-1873). You will get a sense of how bad our legal system has become. We have witnessed the abuse of cases against Trump desperately trying to fit the words to anything he had done.

The 14th Amendment no longer holds true for its original intent. America is broke — we cannot afford to sustain our own citizens or infrastructure, and the migrant crisis has become a massive burden on taxpayers. What is the answer? Shall we hold the 14th Amendment to its original intent or allow prosecutors to manipulate the words to score victories?

Existing home sales in the US unexpectedly fell 2.4% in June to a seasonally adjusted annual rate of 4.09 million units, missing expectations for a summer increase. At the very same time, the median existing home price reached another all-time record of $440,600, marking the 36th consecutive month of year-over-year price gains. Sales are falling because buyers cannot afford today’s prices, yet prices refuse to break because governments and central banks spent years distorting the market with artificially low interest rates and endless liquidity.

Families who bought before 2022 are sitting on mortgages below 3% and have little incentive to sell. The result is a frozen market where supply remains constrained, buyers cannot qualify, and prices remain historically elevated despite weakening demand.

Governments created this crisis through decades of intervention. They subsidized mortgages, manipulated interest rates, expanded sovereign debt, and encouraged speculation. Now everyone acts surprised that a young family earning a middle-class income cannot purchase the average American home.

Notice where the market is actually functioning. According to the National Association of Realtors, sales of homes priced above $1 million continue to outperform the lower end of the market, while first-time buyers remain historically underrepresented despite a modest improvement to 33% of June purchases. A healthy market normally sees about 40% of transactions coming from first-time buyers. When the entry level disappears, the entire housing ladder begins to fail because existing owners have fewer buyers to sell to.

Real estate moves in long cycles of confidence. Markets never travel in straight lines forever. The frenzy created after the pandemic was fueled by cheap money, not by sustainable economic growth. Now we are living through the adjustment phase. That does not necessarily mean a dramatic nationwide collapse in prices, because inventory remains constrained, but it does mean transactions will continue to suffer as long as governments refuse to allow markets to clear naturally.

The broader danger extends well beyond housing. When an entire generation cannot afford to buy a home, confidence in the economic system begins to erode. That is why support for wealth redistribution, rent controls, and socialism continues to grow. Governments created the housing crisis through intervention, and their answer is predictably more intervention.

Zelensky is put on screen at the 2026 Berlinale Festival, which started on July 12th and runs to the 22nd, and receives a standing ovation. The Berlinale is a major film festival (like Cannes or Venice) that screens new films and gives out its own awards (Golden and Silver Bears). The mere fact that they put Zelensky on the screen is to promote war in Europe. This confirms the rising support for World War III. At the NATO Summit, Zelensky pushed to join NATO despite the fact that no one can join in wartime, since that would automatically trigger World War III.

German Chancellor Friedrich Merz holds the record for the MOST unpopular chancellor in Germany’s history, with his approval rating hitting 16%! French President Emmanuel Macron is either tied with former President François Hollande as the MOST unpopular French president of the past half century, or surpasses him in unpopularity, depending on the poll used. Outgoing United Kingdom Prime Minister Keir Starmer made history as the island nation’s MOST unpopular premier before his resignation, with an Ipsos poll finding just 13% of voters were satisfied with him, compared to 79% who were unsatisfied. The three of them have been pushing for war as a means to retain power, and they tell us we live in a democracy with no right to vote for them directly or for war.

This trio of idiots think that sustained pressure will eventually force Moscow to moderate its behavior, or that the system is heading towards collapse. Both assumptions misunderstand the nature of the pressures building inside Russia. Putin is the MOST restrained, but is being pushed to the limit. He either gets far more aggressive, or the risk will be that he is overthrown by a Russian version of John Bolton. They need this distraction because the EU crisis is building. I have reported that Italy’s GDP growth is down to 0.5% but Germany, nearly 25% of the EU by itself, has a GDP growth rate of just 0.8%. Our ECM has been warning of a MAJOR economic decline into 2028. With Ukraine bombing the Nordstrom Pipeline, then the sanctions imposed on Russia, these declines combine with climate change has ensured the EU economy cannot survive long-term and war is not going to help. They assume creating a new currency and funding the reconstruction of the EU will save the day.

I have spoken even with US military. If such a scheme were targeting the USA, they would push the button. What the hell, if you are going to see your country destroyed, might as well take as many with you as possible. I cannot express the sheer stupidity in allowing Ukraine to carry out this war. The Minsk Agreement was to allow the ethnic Russians in the Donbas to vote. Since Ukraine is the motherland of ethnic cleansing, the EU and the US are deliberately denying the human rights of those in the Donbas to live free of the tyranny of Zelensky who is a Neo-nazi and has outlawed their language and religion. Even the Pope has condemned Zelensky for outlawing Orthodox Christianity. Europe seems to have a death wish. This time, we are on the side of Hitler.

PRIVATE BLOG – ENERGY Into Year End

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The world is a little safer today. U.S. Senator Lindsey Graham died on Saturday, July 11th, 2026 at the age of 71 the day after he visited Ukraine’s drone production company, SkyFall, named after the James Bond Movie. SkyFall is a Ukrainian defense technology company involved in developing and manufacturing advanced unmanned systems for the military. It currently relies on Chinese components and hopes to replace that by year end.

It was both John McCain and Lindsey Graham that instigated using Ukraine to become their proxy war against Russia. If a Russian politician had appeared on January 6th in Washington telling the crowd to overthrow the government and Russia was with them, that would have sparked treason trials if not war. Yet that is what McCain did in Kiev telling the people to overthrow their government, the US was behind them, and this was their chance for peace, when they used the Ukrainian people as fools and cannon foddert.

Senator Graham, notorious for his personal hatred of Russia as his former cohort John McCain, toured one of SkyFall’s production facilities during that trip to Ukraine. He lavished great praise on them stating that he was highly impressed by the technology and production capacity, stating that it would be a “huge mistake” for the US not to cooperate with Ukraine in the drone sector. Bring Russia to its knees and someone will nuke Kiev.

It was McCain who was behind the fake story of the Magnitsky Act. Never in my life did I ever meet two people I honestly felt I needed a shower after shaking hands.

QUESTION: You said the the US is not certain of victory against Iran. Could you explain that view?

Sam

ANSWER: George Washington did lose more battles than he won early on losing New York was his worst. Nevertheless, his overall record shows he understood that winning the war mattered more than winning every battle. He was seriously outnumbered. Once he understood that all he had to do was NOT lose!  He waged a war of attrition. He understood that maintaining a major force on foreign soil is a major logistical disadvantage. I have warned, that Iran is waging a war of attrition.

Washington may not have been formally educated in a university, that did not mean he was unread. He apparently read Roman history intensely. He was a brilliant strategist. His strength was in seeing the “big picture” and maintaining the army’s very existence. He embraced a “Fabian Strategy” of avoiding large, decisive battles that could destroy his army, instead choosing to fight smaller engagements and retreat when necessary to preserve his forces.

The Fabian Strategy was developed by Quintus Fabius Maximus Verrucosus, a Roman statesman and general, during the Second Punic War (218-201BC). Fabius was appointed as dictator of the Roman Republic in 217BC, following devastating military defeats by the Carthaginian general Hannibal. To counter Hannibal’s superior military skill and strength, Fabius devised a new approach.

His core tactic was to refuse to engage Hannibal’s army in a major, decisive battle, as Hannibal had proven superior in such confrontations. Instead, Fabius employed a strategy of harassment and attrition. He kept the Roman army close to Hannibal’s forces, shadowing their movements while sending out smaller detachments to attack foraging parties and disrupt supply lines. This was what Washington adopted.

Fabian also ordered residents in the path of the Carthaginian army to burn their crops and take refuge in fortified towns, denying Hannibal the resources his army needed. This cautious approach allowed Rome time to recover its strength. It was initially unpopular with the Roman public, who saw it as cowardly, but after another Roman army was annihilated at the Battle of Cannae in 216BC, the value of his strategy was recognized, and it was adopted again.

Further proof that Washington was self-taught in Roman History is his formation of the Order of the Cincinnati. Lucius Quinctius Cincinnatus was a two time Roman dictator. He was a Roman patrician, statesman, and military leader of the early Roman Republic who became a famous model of Roman virtue. The story of Cincinnatus that was recounted in Livy’s History of Rome and elsewhere, impressed George Washington but it is usually accepted that Cincinnatus was a historical figure who served as consul in 460BC and as dictator in 458BC and again in 439BC. He was the head of the army and handed back power when his term was up.

George Washington did not create the Society of the Cincinnati. While he was deeply connected to it, the honor for its creation belongs to another Revolutionary War figure.That honor belongs to Major General Henry Knox, the Continental Army’s chief of artillery. Knox was the principal author of the Society’s founding document, the Institution. Washington became its first president.

Washington beat an overwhelming opponent the same as Fabian defeated Hannibal – a war of attrition. Just because the US may possess the largest military, history is consistent in this regard. That does NOT guarantee a victory no matter what century we examine.

PRIVATE BLOG – The European Fiscal & Debt Crisis Coming to a Head

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