The Phillips Curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. The Fed is actually recognizing that the Phillips Curve is dead. I have been warning that the Quantity Theory of Money is also dead because all the tremendous increases in the money supply since the Great Recession 2007-2009 has failed to produce inflation or stimulate the economy. Instead, this has led to negative interest rates since 2014 which have undermined the entire Keynesian Model as well.
This is why the book I put out Manipulating the World Economy keeps selling out. All three editions are gone. Every time Amazon listed the books, they were gone in less than 3 hours. All of these theories were dealt with and this book has had a major impact already. Of course, the goldbugs and Bitcoin advocates hate my guts because it does not support the old theories they rely on which indeed were the VERY SAME theories used by the central bankers which have failed. This has led to many deep conversations about how these theories no longer work and what is the future.
The media is portraying the Fed will create inflation now in a big way. Those forecasts are still relying upon these old theories which have failed to produce anything these projections said were going to happen including hyperinflation.
CNBC claimed that the Fed was going to deliver a major speech that would change the way the Fed views inflation and that this will somehow effortlessly restore everything back fo a normal inflation level. Missing in all of this remains CONFIDENCE. Not until people begin to look at these theories and how they have failed as is taking place in central banks behind the curtain, they will not grasp the risks of the future.
QUESTION: Dear Mr. Armstrong, I am writing from Lithuania, next to Belarus, which is is undergoing some serious civil unrest. It is anyone’s guess whether the presidential election outcome was faked/real, but the fact is that President Lukashenko is under serious pressure aimed at him being ousted. A question arises if the concerted effort to remove him was precipitated by his skeptical attitude towards all things covid19. I have to admit that I am no big fan of any dictator including Lukashenko, but the timing seems odd, as TPTB cannot care less for human rights abuse- Saudi Arabia is ok to them.
MY QUESTION IS IF BILL GATES IS PULLING THE STRINGS, as Lukashenko made a mockery of the corona affair? There were some obviously staged events in Lithuania to support the uprising in Belarus. And what worries me most, is the fact that participants were joining gloved hands and had masks on, sort of voluntary slaves. Ironically, the Belarus dictator let his people live their normal lives, including football games, when my Lithuania was under lockdown, and my 9 yo daughter has some anxiety issues since. Sort of Stockholm syndrome.
Keep up your great work.
PS
ANSWER: President Lukashenko is often called the accidental last dictator of Europe. There is no question that the Belarusian government has been against the climate change movement. Only in January 2020 did it announce an action plan to phase out polymer packaging. However, Lukashenko also rejected COVID-19 and did not lockdown his economy.
The rumor is that the opposition is being funded by Soros. Lukashenko accused the West of fomenting unrest as he sought to consolidate his grip on power amid widening protests. But it may not be governments, but clandestine activists on a global scale. Lukashenko spoke as the European Union rejected the official results of the vote. The EU naturally expressed its solidarity with protesters. The EU said it’s preparing sanctions against Belarusian officials responsible for the brutal post-election police actions. Lukashenko is also keeping in close contact with Putin in Russia.
We have been battling in Europe over our report produced by Socrates on Bitcoin which the banks seem to be throwing into the same category as banned countries. Below is an excerpt from the clearing bank in Europe which is even banning Israel putting it in the same category as Iran and North Korea. The credit card companies refuse to allow us to sell any reports to these listed countries below as well as the Bitcoin report. Anything to do with Bitcoin is being regarded as potentially illegal.
We have attempted to talk to the regulators on this matter and they are throwing it all into the same bin – selling bitcoin or reporting on bitcoin. This appears to be what I have been warning about that in moving to eliminate paper money and force everyone into their new digital currency in the wings within Europe, is a warning about cryptocurrencies in general and there is also a threat on the horizon regarding gold. The EU will not tolerate any competition for the object of canceling the currency supported by the Great Rest and Bill Gates, is to prevent any form of alternative money.
This sudden policy of throwing even commentary on Bitcoin into the same category as dealing with Iran or North Korea is just shocking. Trying to explain this is simply commentary and not buying or selling Bitcoin seems to go nowhere. They pull anything off YouTube that goes against the Great Reset. It appears they are perhaps preparing for the same action in Europe against cryptocurrencies.
We responded:
topic – Bitcoin is merely the name of the asset subject being discussed! I am happy to seek advice directly from the UAE Central bank for clarification on the Bitcoin issue if you think that would help?
The below is an excerpt they insist we sign.
The Merchant undertakes that under no circumstance, shall Iran, Israel, North Korea, Cuba, Syria & (or) Crimea (restricted countries/regions) related business activity, directly or otherwise, be routed through any of its Merchant Account(s) maintained with Telr. This undertaking equally applies to business activity relating to Sudan (North) where there is any US element such as but not limited to; USD, US territory or person, US owned / controlled entity or US origin goods. Business activity includes, but is not limited to:
Trade and trade related transaction(s), including but not limited to: shipments/trans shipments (import/export, insurance / re-insurance, etc.) to/from restricted countries/regions,
payments to/from restricted countries/regions,
dealings with governments of restricted country/region or financial institutions/persons/entities determined to be affiliated with or acting on behalf of the governments of restricted countries/regions,
First Lady Melania Trump delivers a terrific speech from the Rose Garden at the White House to close out the second night of the Republican National Convention.
Nicholas Sandman has won undisclosed settlements against U.S. media outlets for their effort to smear him publicly in 2019. Last night at the RNC convention, young Mr. Sandman had a message and the last word…
President Trump’s son, Eric Trump, outlines the status of our nation and the contrast of ideas at the RNC national convention. A passionate speech of American values.
John Ponder: “[T]oday, I’m filled with hope. I have been given a second chance. My transformation began in a prison cell. I gave my life to Jesus. First person to help me was actually the FBI agent who arrested me, Rich Beasley. He is now a dear friend.
My hope for America is that all people regardless of race, color, class or background will take advantage of the fact that we live in a nation of second chances.”
The Republican National Committee kicks-off the second night of the 2020 convention in Charlotte, North Carolina. [RNC Convention Website Here] For evening #2 the theme is “Land of Opportunity.” You can follow the convention via a series of links to multiple media resources.
Carter Page appears on Fox News for an interview with Maria Bartiromo to discuss a book he is publishing about the DOJ and FBI targeting him for surveillance and identifying him as “an agent of a foreign government” in 2016 and 2017.
Interestingly, Page notes [@02:56] he had five interviews with the FBI in March of 2017, and he connects those interviews to the possibility of leaks to the Washington Post. However, it would be interesting to find out the exact dates of those interviews because the FISA application identifying him, leaked by James Wolfe, was delivered to the SSCI on March 17, 2017, as a “read and return” document. It was after March 17th when the Washington Post wrote the article mentioned by Carter Page.
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There is strong circumstantial evidence when the FISA application was delivered to the SSCI on March 17, 2017, that only James Wolfe and SSCI Vice-Chairman Mark Warner reviewed it. First, it was “read and return”, back to the equity provider, FBI SSA Brian Dugan. Second, if any other member of the SSCI had reviewed the application it’s doubtful they would have been requesting to review it in December ’17 and early ’18. Common sense would indicate only Warner and Wolfe saw the application, and Warner never informed the committee of his review; hence their later requests.
Additionally, another unusual aspect to the FISA application delivery surrounds the 2018 letters written by Chairman Nunes (HPSCI) and Chairman Bob Goodlatte (House Judiciary) to presiding Judge Rosemary Collyer, where both chairman were being blocked by the special counsel from obtaining the FISA application and both were seeking to gain it from the FISA Court.
Collyer informed Goodlatte and Nunes that their request of January 16, 2018, was putting the judicial branch in a precarious position between the executive branch and the legislative branch.
Judge Collyer informed the committee chairman they needed to exhaust all other possible remedies for production prior to requesting intervention by the judicial branch.
However, notably in her return correspondance to the legislative bodies, FISC Judge Collyer never informed Nunes and Goodlatte about the FISA application having previously been provided to the legislative branch in March 2017.
She never mentioned it….. Why not?
One possibility for not informing the legislative branch is that Judge Collyer knew FBI Agent Brian Dugan was using the FISA application as part of his leak investigation, and the need to retain investigative value kept her from revealing the March 2017 delivery.
The original request from Nunes and Goodlatte was January 16, 2018. The response from Collyer was February 15, 2018, which is really interesting.
On February 9th, the text messages between Senator Mark Warner and Chris Steele’s lawyer Adam Waldman were released. On February 13th, the DOJ informed Ali Watkins about the court order granting FBI Agent Brian Dugan the authority to capture and review her text messages, phone and email communications. All of these events are connected.
FISA Court Presiding Judge Rosemary Collyer responded to the January request from the House Intelligence Committee Chairman Devin Nunes and House Judiciary Chairman Bob Goodlatte. (full pdf’s below – #1 and #2)
There was an underlying issue not being discussed within the communication – yet visible in the corner amid their engagement. That issue was the possibility SSA Brian Dugan may have modified the FISA documents as part of his leak investigation.
When the Dugan investigative file was then reviewed by the special counsel (due to their primary investigative authority) the Mueller team needed to cover the modification; hence their release of that specific document on July 21, 2018, came with redactions of all dates.
The special counsel would have received this investigative file from Dugan in the middle to end of January 2018. Around the same time Nunes and Goodlatte were writing letters to Judge Collyer.
This mid to late January time-frame appears to be when Dugan’s file was scrubbed of the direct evidence tying Warner/Wolfe to the leak. It appears the special counsel then gave Warner a ‘head’s-up’ about the captured text messages that were part of Dugan’s investigation. Vice Chairman Mark Warner then coordinated a plausible justification for his communication with Waldman; and in short order, February 9, 2018, those texts were released to diffuse the controversy.
In essence, the FISA documents held by the court *may not be* identical to the FISA documents released by the Department of Justice. With good reason to suspect something was afoot, yet Dugan’s background work was unknown to Goodlatte at the time, Goodlatte was seeking to compare the DOJ copy (taken from Dugan, but he did not know that) with a clean FISC copy. In hindsight Goodlatte was on the right trail.
Why didn’t Judge Collyer inform the legislative branch of the prior production to the SSCI?
Why didn’t any other senators -including SSCI committee members- know the FISA application had been delivered for review and return on March 17, 2017?
Was Mark Warner the only senator who knew of the FISA production March 17, 2017?
The motive for Warner to request the FISA application in March, and then seek to leak the content, is easily identifiable. At the time (early 2017) the political resistance was trying to convince the public that Trump-Russia collusion had happened. This was an effort to undermine the administration and get a special counsel put into place.
Warner leaking the reality of the FISA application’s existence stirred the media into action because now the media could push a narrative that Trump must be colluding with Russia or there would not be a valid FBI investigation of it…. and the FISA court was validating the issue with their own approval of a FISA warrant.
The leak of the FISA application served to prove there was some measurable validity to the fraudulent claim of Trump-Russia collusion… or else, so the narrative was spun, there would not be an FBI investigation into it. That’s how the resistance drummed up the need for a special counsel to continue the operation against President Donald Trump.
That’s why Senator Mark Warner wanted to leak the FISA application; and it appears he used SSCI Security Direct James Wolfe to pull it off.
The transcript of the oral arguments from the August 11th DC Circuit Appeals court has been released. [pdf available here]. The DC Circuit held a full panel hearing to decide the outcome of the unopposed DOJ & defense motion to drop the case against Michael Flynn.
You will remember Judge Sullivan injected himself into the case by approving an amicus to argue against dismissal; this led to a request by the Flynn defense for a writ of mandamus overriding Judge Sullivan. Initially a three judge panel agreed with the writ giving Sullivan 30 days to dispose of the case; however, Sullivan appealed to the full panel (en banc). The first appellate court ruling was stayed, and the full panel heard oral arguments earlier this month. That transcript is below.
The panel of appellate judges included Judge Srinivasan, Judge Henderson, Judge Rogers, Judge Tatel, Judge Garland, Judge Griffith, Judge Millett, Judge Pillard, Judge Wilkins and Judge Rao. However, with Judge Griffith retiring at the end of this month, it is likely the ruling will be announced very soon; could be this week.
Regardless of what decision is reached, the announcement should be anticipated prior to Judge Griffith being replaced by recently confirmed Trump nominee Judge Justin Walker. That means we could see a decision announced this Friday, or by next Friday at the latest.
The judges could remove Judge Sullivan and reassign the case. In that event it’s likely the next judge would simply accept the motion to dismiss. However, the DC circuit could also deliver a ruling that allows Sullivan to retain the final disposition with strong guidance on any subsequent activity.
Given the extra-judicial path of this case essentially anything is possible. That said, the DC appeals court likely doesn’t want this decision being reviewed any further (SCOTUS). It would make sense for the DC panel to seek a face-saving exit for Sullivan that doesn’t put Flynn’s defense in a position to appeal to Supreme Court Justice Roberts for intervention.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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