Category Biden Administration is Insane

Mar 19 2023

We Are in the COMPLEXITY & The Collapse of International Law


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 18, 2023 by Martin Armstrong

We are in the middle of a convergence of so many crises it is hard to keep track. The SWAMP in Washington has always been out of control. There is even a bill being introduced to make it illegal for congressmen and their spouses or family members to be trading on inside information. It is titled: The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. We go to prison for 20 years for what they do routinely. The Biden money payments from China will be the foundation of an impeachment proceeding. With all the Democrats did against Trump and are still at it, they have opened the door to what goes around comes around. Trump has announced the New York Democratic prosecutors are desperate to indict him in hopes of preventing him from running for President and that they will arrest him perhaps this coming week. Now the theory, since the taxes did not work, paying “hush” money to Stormy Daniels the porn star. When you have Biden taking money from China and Ukraine and everyone turns a blind eye, paying hush money to a porn star is far more important to the country?

The political nonsense that dominates a lot of boards of directors should be outlawed as fraud. The people on the board of SVB had ZERO experience in finance no less economic trends. All they do is pay mountains of cash to the Democrats and get put on boards for their political contacts. So many boards are stacked with political people, lawyers, or accountants, who have no experience in the financial markets or economic trends. If these people have ZERO experience in running a company, then they should be liable for their decisions.

We were called in by a major public company in Australia on a project to hedge their foreign exchange exposure. The quote we gave them was somewhere between $1 and $2 million back in the 1980s. They rejected it and said they would not pay more than the CEO was paid. They were clueless. I explained that we had dealing desks in Asia, the USA, and Europe and their book would have to be passed around the world 24 hours a day. They did not understand anything. They hired a 23-year-old kid to hedge their risk, he bought a Porsche and got into an accident, and while in the hospital they lost $80 million. Regulators then realized that directors should be held responsible for making decisions in things they had no experience.

We are headed into such COMPLEXITY it is off the charts. We have a convergence of so much going into April, it’s hard to say which fundamental will be the top dog. Between arresting Trump, and the revelations coming out about the Biden Crime Family, all of this contributes to the collapse in confidence in the government. Then Biden’s failure to understand the serious nature of this banking crisis and that it is the Biden Administration that is directly responsible for the crisis as it continues into April just added to the COMPLEXITY. Biden’s handling of SVB will now be seen as political since the phones were melting down from all the Democrats in California who stood to lose. Even Ophrah Winfrey had a ton of money in SVB. NBow the failure to stand behind all deposits everywhere will only make this look like a Democratic bailout.

Add to all of this, the ICC has shown that it too is politically corrupt and has been usurped by the Neocons. The ICC issued the bullshit criminal indictment of Putin orchestrated by the Neocons when in fact they have no such jurisdiction. The ICC has lost all credibility. ICC has jurisdiction ONLY over member states and that does not include the USA, China, or Russia. I reported that my sources on October 14th, 2022, were warning that the ICC was being politically manipulated not much different than the SWIFT monetary system. A team of lawyers in the UK filed a complaint with the Prosecutor of the International Criminal Court on behalf of the people. The report alleges that government officials, and pharmaceutical executives, have conspired with COVID. They did nothing.

The ICC can ONLY prosecute member states. The United States refused to join the ICC so no American can ever be tried for a war crime. The same applies to Russia, yet the ICC is trying to politically indict Putin to create World War III. The ICC has lost all integrity no different than the New York Prosecutors going after Trump for anything they can possibly find. Next will be his parking tickets.

I had dinner with people from the ICC and they acknowledged that the United States used its legal system for political purposes. They were stunning in my case. They also said they would love to bring charges against the United States for they routinely violate international law and engage in torturing people – remember waterboarding and  Abu Ghraib.

In my case, I believe the banks told the CFTC to shut down our forecasting because they thought removing us would then allow them to manipulate markets. But they still blew up the world economy in 2007 and traders on the floor were calling it Armstrong’s Revenge. They never learn. They can bribe all the politicians, but that does not guarantee their trade. The CFTC refused to allow the forecasts to continue and insisted that all staff was to be fired worldwide. They rejected others offering to rent the Institute to keep it going. This was a FIRST AMENDMENT violation to shut down our forecasting to aid the corrupt banks.

The ICC told me at dinner that they would have loved to take my case, but since the US was not a member they could not bring charges against the US courts. That proves beyond a shadow of a doubt that this indictment of Putin is political and they have sold their soul to the Neocons. This was announced in hopes of threatening China with respect to their meeting with Russia to try to stop them from joining forces. The Neocons have now full control of the ICC and that prevents any peace negotiations going forward.

Then last November, the United Nations also surrendered its independence to the Neocons ensuring that we have no choice but to enter World War III. This is the agenda. The United Nations General Assembly has now adopted a resolution calling for Russia to pay war reparations for its invasion of Ukraine. This is to include the billions of dollars in damage and destruction, as well as reparations for the loss of life. The US refuses to provide any independent investigation into blowing up Nord Stream which was an act of international war. Instead, they attack the messenger. The UN simply wants to wash its hands in the blood of millions if not billions negative what it was entirely supposed to have been created for – world peace.

The world is now officially in control of the Neocons. Never in all my years did I ever expect looking at their long-range forecasts calling for a war that we would be the evil aggressors. We need the model to do its job here for we cannot even figure out on an opinion basis which fundamental will come out on top. We really desperately need members of Congress to recognize the real threat is within.

Mar 4 2023

Report, Biden Administration Approved 192 U.S. Trade Licenses Worth $23 Billion to Support Blacklisted Chinese Companies


Posted originally on the CTH on March 3, 2023 | Sundance

He’s not called China Joe for nothing.  This is quite a considerable amount of U.S. tech products delivered to blacklisted Chinese companies.  It would be interesting to trace the multinational kickbacks to the Biden administration.

March 3 (Reuters) – The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday.

The 192 licenses granted were out of 242 license applications decided between January and March 2022, a chart showed, and 115 of those approved contained controlled technology. Nineteen, or 8 percent of the total number of applications, were denied, and 31 were returned without action.

Republican Representative Michael McCaul, chair of the U.S. House of Representatives Foreign Affairs Committee, released the license numbers on Friday after revealing at a hearing on Tuesday that more than $23 billion worth of licenses were approved for suppliers to companies on the U.S. Department of Commerce’s “entity list” in the first quarter of 2022.

In a statement on Friday, McCaul called the approvals unacceptable. “This critical U.S. technology is going to the Chinese Communist Party’s surveillance and military efforts,” he said. (read more)

Beijing knows they can purchase U.S. political outcomes. At this point the pretending is embarrassing.

Mar 4 2023

Steve Bannon Brings Fire During CPAC Speech


Posted originally on the CTH on March 3, 2023 | Sundance 

War Room Host and American resistance pundit Steve Bannon delivered a fire speech at CPAC today outlining the battle of the elites against the people. {Direct Rumble Link}

Walking through some of the big picture events that surround us at this moment, Mr. Bannon outlines the opposition and the schemes they attempt to control. As Bannon eloquently notes, the entire mechanism of government opposes Donald Trump because President Trump puts the American people in the room of decision-making.  WATCH:

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Mar 1 2023

The Collapse in Confidence in Biden is Building


Armstrong Economics Blog/Neocons Re-Posted Mar 1, 2023 by Martin Armstrong

I know a lot of people are deeply concerned about how the Biden Administration has been usurped by the Neocons who are deliberately driving us to war. I can tell you that writing letters to your representatives does have an impact. Getting everyone to flood your senator and congressman for that is the only way to stop it.

WRITE TO YOUR CONGRESSMAN & SENATOR ASAP

I have been in contact with the military and I can say they are not so supportive of Biden. One said today, “we are we sticking our nose in everyone’s business. What does Ukraine really mean to us the people?” The 8th Air Force dismissed two people because they lost confidence that they would wage nuclear war. The official wrote:

“Maj. Gen. Andrew J. Gebara, commander of 8th Air Force, relieved two commanders today from their positions of leadership at Minot Air Force Base, North Dakota, due to a loss of confidence in their ability to complete their assigned duties.”

We must respect that there are people in the military who also disagree with this insanity!

It was a Russian who disagreed with Khrushchev and Alerted Kennedy to the missile he intended to send to Cuba. The Russians later staged a coup and overthrew Khrushchev because he too was obsessed with war like our American Neocons today. Hopefully, someone brave will overthrow them as well to save the world.

https://youtube.com/watch?v=oeYElSu3gEc%3Ffeature%3Doembed
Feb 27 2023

China has Warned US They Will Attack US Troops in Taiwan


Armstrong Economics Blog/China Re-Posted Feb 27, 2023 by Martin Armstrong

A commentator for the Global Times, reported a threat to the United States last Thursday night, stating that China would not hesitate to engage U.S. forces stationed in Taiwan if the Chinese launched an invasion of the island nation. Indeed, Hu Xijin, formerly the editor-in-chief of the Global Times, reacted to a Wall Street Journal report about U.S. troops traveling to Taiwan. He called it “illegal” and suggested that China would treat them as enemy combatants.

“It’s illegal for these US soldiers to go to Taiwan and the Chinese mainland won’t take any responsibility for their safety,” tweeted Hu. “If we take military action when necessary, they’ll be wiped out together with the resisting Taiwan troops. They can also be eliminated first as the invading army.”

Feb 27 2023

The Biden Administration is Just Insane & Should Be Removed At Once


Armstrong Economics Blog/Russia Re-Posted Feb 27, 2023 by Martin Armstrong

The threats from Biden that all the Russian Assets he has confiscated illegally from private Russians that he will hand to Ukraine is another example that demonstrates that there is nobody in the Biden Administration that understands anything about the world. The United States and Europe have countless private businesses that have assets around the world. Russia has announced if Biden and the EU do that, then they will confiscate all foreign assets.

All of this is because our world leaders have been bought and paid for by the Neocons where the dream has been to conquer Russia and the bankers are licking their lips all over again to get their hands on all the wealth of Russia. These Neocons are leading the world to its doom. They have already destroyed the world economy ending globalization. Our children will NEVER know the freedoms we grew up in. That is all gone. We are leaving our posterity nothing but memories of what used to be unless things radically change at the political level and that is not my opinion. There is not a single world leader who has bothered to question the narrative or to seek peace on any level. They are told this is a war to conquer Russia – period!