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.

Spain’s 10-year borrowing cost is now approximately 75 basis points below France’s. During the 2012 European debt crisis, it was around 500 basis points above. French yields jumped 70 basis points in September, while the premium over Germany reached nearly 160 basis points. France also plans €340 billion in bond issuance for 2027, and its deficit is expected to exceed the government’s 5% target. These figures describe a government needing substantial financing just as investors become less comfortable providing it.

The politicians assume that because France has always been treated as a major European power, its debt will always receive favorable treatment. Why? A creditor is buying a claim on future payments, not a monument to the borrower’s prestige. Spain was once regarded as a threat to the monetary union. Now investors accept less interest to hold its debt than France’s. The reputation changes when the financial position and confidence in its management change. No government is entitled to remain a preferred borrower forever.

Look at the arithmetic behind that €340 billion. An additional percentage point of interest on that amount would mean €3.4 billion in annual financing costs if applied across the issuance. That is an illustration, since bonds are issued at different maturities and yields, but it shows the scale. There is no new hospital, road, or productive investment attached to that extra expense. The government is paying more to obtain the money it already needs. Existing fixed-rate debt does not reprice overnight; the pressure accumulates as old obligations mature and new borrowing is added.

This is the problem with governments that never intend to retire their debt. They assume another buyer will always finance the next rollover. When borrowing is cheap, they congratulate themselves on how manageable the obligation has become. When creditors demand more, the interest bill eats into the budget and the public is presented with another choice between taxes and cuts. The promises were made years ago. The people now paying for them may have had no part in the decision.

Sharing a currency does not make every government an equally attractive borrower. Investors can sell one member’s bonds and buy another’s without abandoning the euro. That distinction matters because pressure can build inside the monetary union while officials insist that its existence proves confidence remains intact. Confidence in the currency, confidence in a government, and confidence in that government’s debt are separate judgments.

France’s public debt reached €3.5955 trillion at the end of June, according to INSEE, equivalent to 119% of GDP. It increased by €75.8 billion in the first quarter and another €59.6 billion in the second, adding €135.4 billion in six months. At the end of 2019, the debt ratio was 98.2%. Paris has spent years making commitments financed by tomorrow’s borrowing, and now that borrowing is becoming more expensive. Existing fixed-rate obligations do not suddenly reprice, but every maturity brings another financing decision. The government must find money to repay the old creditor while financing whatever spending still exceeds revenue. That is how a country can keep paying its debts while digging itself deeper into the hole.

The euro’s fundamental weakness is exposed in these borrowing costs. Europe combined the currencies without consolidating national debts into one jointly guaranteed obligation. Greece, Italy, Spain, and Portugal surrendered their independent exchange-rate policies while remaining responsible for their own finances. When confidence broke, adjustment fell heavily on domestic wages, employment, budgets, and taxpayers. It would be simplistic to blame every southern European problem on that design, but monetary union removed an important means of adjustment without creating a full fiscal union to replace it. France is now borrowing more expensively than Italy and Greece, while Spain’s 10-year yield sits about 75 basis points below France’s. The ECB’s policy rate cannot erase those differences because investors are lending to separate governments. A French bond is not a German guarantee merely because both are denominated in euros.

France’s political class should remember how readily Europe demanded sacrifices from the south when those countries could no longer finance themselves on acceptable terms. What happens when the promises cease to attract the money? The burden moves onto taxpayers and public services, or the government seeks assistance that comes with conditions. The people who spent the proceeds may have retired by then. The people working today are left financing the interest on decisions they cannot undo.

Germany’s latest arrest-warrant figures raise a basic question about the competence of the people running the country. As of July, 148,311 people are wanted on outstanding warrants as, with only 11.2% holding exclusively German citizenship and another 1.5% holding German citizenship alongside another nationality. Foreign nationals reportedly account for 87.3%. Berlin should explain how this backlog developed, which cases involve dangerous offenders, and what it is doing to find them. Issuing a warrant is only the beginning. If the state cannot enforce it, the paperwork offers very little protection to the public.

Among temporary migrants, nationals of Algeria, Morocco, Georgia, Tunisia, Nigeria, and Albania together represented roughly 2.1% of the population but 15.5% of suspects. Ukrainians represented almost 36% of that population and around 13% of suspects. These figures concern suspects rather than convictions, but the differences are substantial. A competent administration would examine what lies behind them, where repeat offending is concentrated, and which measures actually improve integration and public safety.

Germany identified 197,347 violent criminal suspects in 2024: 112,335 German citizens and 85,012 foreign nationals, putting the foreign share at 43.1%. In 2025, that share remained almost unchanged at 42.9%. Violence against women has been a massive, underplayed problem across Europe. Authorities recorded 6,892 German rape suspects and 4,437 non-German rape suspects, a foreign share of 39.2%. The group rape figures are especially disturbing. Government records show 751 cases in 2025, approximately two a day, with foreign nationals accounting for 53% of identified suspects.

Merkel’s promise that Germany could manage the influx never relieved the government of its obligation to plan for it. Someone had to provide the housing, classroom places, language instruction, and administrative capacity. Someone also had to deal with those who broke the law. Politicians could celebrate their intentions while municipalities worked out how to pay for the consequences. That gap between the announcement and the practical work is where confidence begins to erode. People become angry when they are expected to finance a policy and then treated as unreasonable for asking whether it is working.

Civil unrest is inevitable. The arrogance of these politicians is infuriating. They make the decisions, leave the public to absorb the consequences, and then expect credit for their intentions. A woman whose life has been shattered by an assault does not owe anyone silence to protect the reputation of a migration policy. Neither does the taxpayer financing police, courts, and prisons. The government’s obligation is to protect people, prosecute offenders, and correct policies that are failing. If officials cannot manage that, they should get out of office. There is nothing compassionate about leaving victims to carry the damage while the people responsible for governing congratulate themselves on their moral superiority.

Hackers have demonstrated that you do not need to destroy a farm or stop a delivery truck to destroy food. There was recently an overnight attack on supermarket refrigeration systems in France that forced temperatures as high as 50 C or 122 F across 150 stores. Food had to be discarded after six hours in high temperatures. Every aspect of life that operates online is fair game in cyberwarfare.

Updated Reuters reporting says Carrefour identified 80 affected supermarkets, while Monoprix said roughly 5% of its approximately 490 stores were hit. Intermarché’s chief executive estimated nationwide losses in the tens of millions of euros in a single day, although a verified industry-wide total was not yet available. Danfoss, the refrigeration supplier, said affected equipment was running outdated firmware and that customers had previously been advised to update supported systems or replace older ones.

We have developed an absurd assumption that connecting something automatically improves it. Remote access is convenient, so we count the convenience as a benefit while treating the ongoing obligation to secure it as overhead. Yet monitoring a refrigerator and allowing someone elsewhere to change its operation are different powers.

This obsession with connecting everything deserves a harder examination. Remote monitoring can save money and identify equipment failures, but remote control also creates something an attacker can exploit. The issue here is network access to essential controls. Once someone unauthorized can change how the machinery operates, a computer intrusion can produce physical destruction.

People still imagine war requires an army crossing a border. Why invade when you can interfere with the systems that keep the population supplied? If an attacker gained access to refrigeration controls shared across a large chain, food could be destroyed in hundreds of locations before the morning shift arrived. For scale, 1,000 stores losing 10 metric tons each would mean 10,000 tons gone. Extend the disruption into refrigerated warehouses and you threaten supplies destined for many more stores. The food has already been produced and paid for. Restoring a computer does not bring it back, and replacement shipments cannot appear simply because a politician promises that everything is under control. The economic consequences would spread through lost sales, interrupted wages, replacement costs, and potentially higher prices, while frightened customers rushed to buy what remained.

Being on the electrical grid is not the same as being accessible over the internet. This attack is disturbing precisely because it did not require a blackout. Dependence on power creates one vulnerability; insecure network controls create another. Add dependence on digital ordering, communications, and deliveries, and a business can discover that several supposedly separate functions rely on the same fragile chain of services. The question should be how much can continue working when one link fails, rather than how many functions can be managed remotely.

For whatever it’s worth, it seems diesel fuel and heating oil are set to climb, with a final peak next March. A cold winter could speed that up, but Ukraine has already inflicted massive damage on Russia’s refineries. Diesel has a dramatic impact on food. In Asia, ships need diesel to transport food back, and farmers can’t harvest their crops without it. Trump is right that Zelensky is affecting the entire world, and Zelensky has openly said he doesn’t give a damn. Even worse, all the critics pushing for World War III insist Trump shouldn’t lift any sanctions on Russia. They won’t be satisfied until there’s a nuclear war.

In the case of wheat, we had a Directional Change in 2025 and that has been correct. A close at year end simply above 645 when we are currently at the 670 area is projecting a serious risk of a rally into 2030. Between Zelensky and Netanyahu, this dynamic-duo is really screwing the entire world and then we have ruthless Neocons, include Kaja Kallas in Europe, who cannot sleep at night as long as one Russian is still alive.

Even the Ukrainian government-controlled press states that they will NOT honor any ceasefire on energy. What if the EU were supplying Carney in Canada to wage war against the United States with 80,000 drones—who is the enemy? Canada, which launches the drones, or the country providing them? In law, if you hire someone to kill your spouse, you cannot claim innocence on the grounds that you didn’t pull the trigger. The UK has supplied over 80,000 drones to Zelensky, orchestrated by Boris Johnson, who has intervened to ensure Zelensky does not agree to peace.

This is a representation of the drones fired by Ukraine at Moscow thanks to Boris Johnson – to Russia with Love.

Trump should wake the hell up. Ukraine should be complete cut off of everything and the US should impose sanctions on the UK as long as Boris Johnson keeps controlling this war for his personal gain. The US MUST cut off ALL AID to Ukraine and criminally prosecute all Ukrainians who are now funding opposition opponents in Congress to keep the money are arms flowing to Ukraine. Trump MUST cut off everything to Ukraine ASAP!!!!

Kaja Kallas is Europe’s counterpart to Victoria Nuland and ought to be removed from office, handed a gun, and sent to the front lines in Ukraine—where she could fulfill her personal dream of killing Russians. This amounts to a personal vendetta, since she claims Russia persecuted her family and deported them to Siberia. Of course, that was Stalin. Yet she personally hates every Russian and believes they must pay with their lives for Joseph Stalin’s actions—the same Stalin whom even Lenin warned should not be allowed to succeed him. Europe will NEVER know peace as long as she remains in power.

Kaja Kallas has repeatedly and publicly stated that her family was persecuted by Russia (specifically the Soviet regime). She frequently cites her family’s deportation to Siberia as a direct and personal example of Russian repression. Destroying the Russian people is her constant agenda, which is why she gets along with Zelensky, a neo-Nazi. She must be removed from office, or she will destroy Europe to satisfy her personal hatred. That is a conflict of interest!!!!!

PRIVATE BLOG – 2028 & The Great Convergence

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Crossing the Rubicon-10-12-26 Intro

I have finished the next book on the true story of how, unfortunately, the Founding Fathers were taken in by the ancient fake news of Cicero. His fate was rather dramatic. For all his fake news, they cut off his hands and nailed them to the Rostrum. That was certainly a dramatic end for someone who twisted the facts to always support his personal agenda. Interestingly, the parallels between what compelled Caesar to cross the Rubicon and today are uncanny: the fake news, the corruption, a Senate that did not listen to the people an never cared about them either. And when Caesar crossed the Rubicon, he was cheered by the people, who saw him as a liberator. It was the Senate that fled to Greece because they had no troops and no support. Caesar did not have to fight his way into Rome. Since Cicero fled with Pompey, that showed which side he was on.

Believing Cicero’s version would be like allowing Hillary Clinton to write the history of Donald Trump. This book examines the reforms and what really took place. History repeats because the passions of mankind never change. This book not only sets the record straight once and for all, it lays out why republics become the most corrupt form of government. The truth that is glossed over is that senators were appointed. They did not stand for election.

The Roman people could only vote for a consul, not for senators. The Censor (from 443 BC onward) was the magistrate responsible for the lectio senatus — the formal review and revision of Senate membership. We need to grasp a subtle but important distinction in how Roman voting actually worked. The people did not vote directly for the consul as individuals, but rather in groups (centuries). So it was not a direct vote by the people individually. It was organized into a representative-style body of self-interest. Today, the people who truly wield power in the US, Canada, and Europe never really stand for election. They are appointed. The Canadian people did not vote individually for Carney any more than Europe voted for Ursula, or than the American people vote for the heads of departments or federal judges.

We cannot understand the future by ignoring the past. Reviewing the truth instead of political fiction, this allows us to see the real risks that we face when we open that door and are shocked at how the world is preparing for a major change politically and economically.

This will be provided to those attending the WEC in person

Europe will NEVER avoid war until it starts impeaching Kaja Kallas who was not directly elected by the public to the EU position she uses to oppose any peace deal. However, this is standard procedure for this role for the EU was established to actually prevent the people from having any say in the future of Europe. She claims only more sanctions will end the war when there is no evidence that sanctions have ever worked on anyone even once. She wants world war for her personal vendetta like Victoria Nuland et el.

Kaja Kallas was nominated by the European Council to become the EU’s High Representative for Foreign Affairs and Security Policy. This nomination was made in June 2024 by the leaders of the EU member states. Following this nomination, her appointment was formalized through a European Council Decision on July 24, 2024. She was NOT elected to this position yet call Putin a Dictator and not Zelensky or herself!!!!! The High Representative is not a directly elected position; instead, the role is appointed by the European Council (with the agreement of the Commission President), which is the standard constitutional process for this office.

Here we have the PM of Britain putting out absolute lies. These politicians REFUSE to admit that people are rising up because of their policies that let in all the migrants who have been tearing Europe apart. Now this fraud Burnham is ensuring the complete destruction of the the United Kingdom outright lying that BRXIT would not have happened except for Russian interference and now they are claiming AfD in Germany is funded by Russia. These Socialist Marxist lovers REFUSE to admit that they have been wrong and they are spinning this as Russian interference as if the people would agree with their failed policies.

There can NEVER be peace as long as these types of people weasel their way into power and NEVER stand for election. They impose their agenda, usurp the foreign policy, all to carry out their personal hatreds and agenda with no regard for society or the people they pretend to represent. Kallas, I have warned in meetings, will do everything in her power to prevent peace. This is a personal vendetta against Russia and her hatred of the Russian people for the actions of Stalin. She has no problem with forgiving Germans for Hitler some argue because there are documented connections to controversial historical figures in her family tree regarding Nazis. The allegation has long been that she is OK with Germany for she would have to denounce her paternal great-grandfather, Eduard Alver.

Kaja Kallas has repeatedly and publicly stated that her family was persecuted by Russia (specifically the Soviet regime). She frequently cites her family’s deportation to Siberia as a direct and personal example of Russian repression. Destroying the Russian people is always her constant agenda, which is why she gets along with Zelensky, a Neo-Nazi. Perhaps she wants to beat Stalin’s record of killing 20 million Russians.

Here is their group of heros and they will NEVER admit for one second that their hatred of the rich and Russians is undermining Europe and as they start World War III all to prevent the EU from collapsing in this effort to retain power, all I can say is God help Europe. We will be looking at the timing at the next World Economic Conference.

For Europe to avoid war, they need political reform just as America has to clean house of its Neocons.

Americans are becoming more pessimistic, and their expectations for inflation are moving in the wrong direction. The University of Michigan’s preliminary October consumer sentiment index fell to 46.3 from 48.1 in September, below the 47.8 economists expected. One-year inflation expectations reached 4.7%, while five-year expectations rose to 3.5%. The survey points to mounting frustration over living costs, particularly among people with lower incomes and smaller investment portfolios. Those households have fewer resources to absorb another increase in bills.

The decline from 48.1 to 46.3 is approximately 3.7% in a single month. Sentiment is a survey, not a direct measure of spending or a declaration that recession has arrived. But dismissing it as people simply having a bad attitude misses the point. These are people looking at their own circumstances and concluding that the pressure is getting worse. They do not need an economist to explain whether their paycheck reaches the end of the month.

The deterioration is far deeper than one disappointing monthly reading. Michigan’s sentiment index stood at 56.4 in January; October’s preliminary 46.3 is almost 18% lower. Compared with October last year, sentiment is down 13.6%, while the index measuring current economic conditions has fallen 23.7%. That current conditions measure plunged 12.2% in just the past month. Meanwhile, expectations for inflation over the next year have climbed from 3.4% in February to 4.7%.

People see their circumstances deteriorating and expect further price increases. A family cutting purchases to cover necessities does not need another lecture about how resilient the consumer remains. Continuing to spend because you still need food, fuel, and shelter tells us very little about whether you can comfortably afford them.

Look at the obligations competing for that paycheck. The median monthly mortgage payment sought by home-purchase applicants was $2,162 in August, according to MBA, before adding property taxes and homeowners insurance. Financed new vehicles carried an average payment of $787 in the third quarter, with 21.2% of buyers committing to more than $1,000 a month. KFF’s 2025 survey puts workers’ average contribution to employer-sponsored family health premiums at $6,850 annually, roughly $571 monthly, before deductibles and other medical bills. Child Care Aware’s national childcare price estimate for 2025 was $13,184 annually, approximately $1,099 a month, but these are all low figures. These describe different groups, rather than a single average household, but combine those benchmarks for an illustrative family with one financed car and one childcare bill and you reach about $4,619 monthly before groceries, utilities, fuel, school supplies, student loans, or taxes. Parents are paying somebody to watch their child so they can go to work, financing the car that gets them there, and paying for health coverage that still leaves additional bills when somebody becomes ill. Then officials tell these same people they need to pay more in taxes each year.

The inflation argument is where Washington loses people. A slower rate of inflation means prices are rising more slowly. It does not return the grocery bill, insurance premium, or repair estimate to what the family once paid. After years of increases, another few percent lands on an already inflated cost of living. Officials announce progress, and the customer at the checkout wonders where this supposed relief can be found.

People with substantial assets have more ways to adjust. They may sell investments, draw on savings, or benefit when asset prices rise. The household living from one payday to the next has fewer choices. They cut purchases, postpone repairs, or borrow taking on more debt.

Confidence improves when households see something change in their own finances, when the bills become manageable and a decent paycheck can provide security. Confidence will continue to decline as costs rise and people open their eyes to the fact that policy is too far gone to fix the cost of living crisis.