Politics

Kennedy – Roosevelt & Corruption? | Armstrong Economics

Posted on by johnbarleycorn12

QUESTION: Mr. Armstrong; I had always heard that Kennedy made a fortune on Scotch. My question is, where they booze runners during the Prohibition? Thank you GR ANSWER: No. But they actually used Roosevelt to secure that lucrative import trade of Scotch – my favorite drink. Joe Kennedy traveled to London in 1934 on the steam-driven ocean liner, the SS Europa. While he brought his wife with him he also brought James Roosevelt (1907 – 1991), the American president’s oldest son. The trip was portrayed as a please vacation, but bringing the President’s son was the clear signal it was not a vacation. Kennedy’s main prize would be to gain the British rights to send Scotch whiskey, gin, and other imported liquors. He knew based upon inside information that Prohibition would be ended. Joe brought the president’s 25-year-old son to help organize a private visit with Winston Churchill. He used Roosevelt’s son to get that contract. The deal paid off and Joe got the private meeting with Churchill and visited him at Churchill’s Chartwell home. So you see, political inside favors have been going on a very long time. James Roosevelt was closely linked with Joseph P. Kennedy Sr. Many of James Roosevelt’s controversial business ventures were indeed aided by Kennedy. Jame’s dealings were often clouded. In fact, Treasury Secretary Henry Morgenthau even threatened to resign unless FDR forced James to leave a questionable company which became known as the National Grain Yeast Corp. affair (1933–35), which was believed to be just a front for bootlegging. It was James Roosevelt who lobbied his father to make Kennedy the ambassador to the United Kingdom. James was a shading type of character in the eyes of many. Later on, during July 1938, there were allegations that he had used his political position to steer lucrative business to his insurance firm. He was then forced to publish his income tax returns and denied these allegations in an NBC broadcast and an interview in Collier’s magazine. This became known as the Jimmy’s Got It affair after Alva Johnston’s reportage in the Saturday Evening Post. Roosevelt resigned from his White House position in November 1938. The press was often highlighting how rich Jimmy was becoming when his father was a Socialist.
— Read on www.armstrongeconomics.com/world-news/corruption/kennedy-roosevelt-corruption/

Corruption in politics is not new

The Razor Thin Midterm Elections | Armstrong Economics

Posted on by johnbarleycorn12

The races are so razer-thin showing that the nation is deeply divided that we are still waiting on some seats to be declared – namely three in the Senate. This is extremely critical on our model because right now it is 51 to 46 and we have a Bearish Reversal at 47 in the Senate for the Democrats. The House appears that they have won but with a lower high than the last time. The declining trend that the Democrats have been in since the Great Depression remains intact. In fact, the major high was their power when they were the party of slavery under Andrew Jackson. If the 47 Bearish Reversal in the Senate is elected, then we are most likely going to see a wave of more independent 3rd party people emerge going into 2024. Currently, there are two independents in the Senate who vote with the Democrats so they are not really independent. We will clearly witness extreme obstruction from the Democrats and they will use their subpoena powers in the House to intensify their investigations of Trump is a desperate effort to discredit him whenever possible to set up the 2020 election. The Democrats will prevent the passage of legislation that would make the GOP and Trump look good for 2020. So this is not going to be about what is good for the country, but just how to win in 2020. The new Democratic majority will also have subpoena power, which will help them investigate the Trump administration far more aggressively to try to create any scandal possible. WHat they just did in the Senate with the Supreme Court nomination is just the tip of the iceberg. There is no more civility nor will there be any honesty left in politics. This is how empires, nations, and city-states crumble into the dust. However, since Democrats did not take the Senate, they did not gain the power to block Trump’s Supreme Court, Cabinet, and other nominees for the next two years. So Trump will continue to have the upper hand in confirming judges to lifetime posts. The majority of the real power lies in the Senate, not in the House. We will run the model when we get the final numbers.
— Read on www.armstrongeconomics.com/international-news/politics/the-razor-thin-midterm-elections/

The Midterm Elections | Armstrong Economics

Posted on by johnbarleycorn12

“The Democrats cannot reverse their declining trend since they peaked with FDR, and the Republicans cannot deliver the final death blow to the Democrats to put them out of their Marxist misery.” The computer was correct. There was no Blue Wave. The real interesting aspect is it appears we may have a Bearish Reversal elected in the Senate for the Democrats. While the Democrats won the House, they did not elect any Bullish Reversal and in fact, they may have continued the downtrend with winning control, but with a lower high once again. The one thing that is ABSOLUTELY guaranteed is there will be ZERO cooperation and everything will become even more obstructive now so we can expect the economy to decline going into the 2020 turning point on the ECM. The Democrats have vowed to seek impeachment and they will now have subpoena power to obstruct Trump and this will bring a swift end to Draining the Swamp. While impeachment is not likely, they will do the same as they just did in the Kavanaugh hearings and throw whatever allegations they can hope someone will believe them as they did before. They have vowed to force the release of Trump’s tax returns. All of this will be designed to make the 2020 Presidential elections far worse than any in the past. So expect nothing but obstruction. Running the government is no longer a priority. This is just going to be a grudge match from here on out and that is what the model has been projecting. Nothing but Panic Cycles and Directional Changes in politics and our models on 3rd party activity will constantly rise into 2024 as more and more people begin to see that the political situation has become hopeless. Many races are too close to call. So we will wait for the final numbers and update later when we have them. Then the trend will be confirmed – possible lower high in the House, and a Bearish Reversal in the Senate. If that holds, this was a very hollow victory for the Democrats and it confirms the political disintegration into the end of this cycle – 2032.95.
— Read on www.armstrongeconomics.com/international-news/politics/the-midterm-elections/