The British Neocons, i.e., Boris Johnson, for whatever reason, have decided to wage war against Russia from the outset. ” It has been pathetic… Let’s face it: We’re waging a proxy war but not giving our proxies the ability to do the job. For years now, we’ve been allowing them to fight with one hand tied behind their backs, and it has been cruel.”
Also in November 2024, when Johnson admits Britain is at war with Russia, the head of MI6 (SIS) in Britain, Sir Richard Moore, tells the world that Vladimir Putin will not stop if he wins the war against Ukraine. He tells the press that the world is at its most dangerous point in 40 years. He naturally blames Putin and accuses Russia of waging a “staggeringly reckless campaign” of sabotage in Europe to undermine support for Ukraine.
Yet, Sir Richard Moore also said that British Secret Intelligence Service agents have been involved in covert operations against Russia on behalf of Ukraine. Moore said:
“We cherish our heritage of covert action which we keep alive today in helping Ukraine resist the Russian invasion.”
The New York Times, in a piece “The Secret History of the War in Ukraine,” reported that the CIA also ran the war in Ukraine out of the United States at Wiesbaden, Germany. There was no way Ukraine could sink Russian ships or know where to target without satellite targeting information. As the NYT wrote:
“Longstanding policy barred the C.I.A. from providing intelligence on targets on Russian soil. So the administration would let the C.I.A. request “variances,” carve-outs authorizing the spy agency to support strikes inside Russia to achieve specific objectives.”
As the NYT wrote, Lloyd Austin was the “godfather” and “architect” of this covert operation to run the war for Ukraine from Wiesbaden, Germany.
Russia has long known about the role of British and American intelligence operatives in Ukraine. Moscow’s ambassador to the UN, Vassily Nebenzia, told the Security Council that “Western intelligence agencies, primarily the British MI6, have systematically prepared Ukrainian sabotage and reconnaissance groups to organize provocations at nuclear power plants in Russia.” Of course, nobody listens to Russia.
Trump told reporters as he traveled back to the White House on Sunday after Pope Francis’ funeral, the Times reported. “I want [Russian President Vladimir Putin] to stop shooting, sit down and sign a deal.” Newsweek claimed that unnamed European and Ukrainian officials told the Financial Times that Trump is looking for an excuse to walk away if he can point to even a small point of progress in negotiations as a reason to say his job is done. Newsweek claimed that these statements point to the Trump administration’s impatience about what it says is the slow pace of negotiations. Trump has said he is getting Frustrated and if there is no deal, he will withdraw from any peace negotiations. Quite frankly, with the admissions from Britain, Putin cannot possibly sign a peace deal with Ukraine when they are only a proxy for NATO and the EU/Britain.
As the Epoch Times wrote, the end of the Russia–Ukraine war is not just around the corner, and negotiators still face several complexities, according to Kremlin spokesman Dmitry Peskov said on April 30. This is indeed far more complicated.
Trump has shut down Wiesbaden, Germany, providing the targeting intelligence for Ukraine that was set up by the Biden Administration to wage war against Russia, all under the pretense that this was just a war with Ukraine.
This has been a NATO/Neocon War Against Russia, and the Ukrainians have just been the sacrificial lamb on the Neocon altar of endless wars.
Posted originally on May 1, 2025 by Martin Armstrong
The Commerce Department’s Bureau of Economic Analysis (BEA) released its first estimate for US GDP in Q1, a 0.3% decline annually.
The decline was mainly due to a sharp 41% uptick in imports as they are subtracted when calculating the final GDP figure. Pharmaceutical goods, medicines and vitamins, computers and parts drove imports in the first quarter.
Government spending decreased significantly as well by 1.4%, with federal expenditures down 5.1%. National defense spending declined by 8%, while non-defense spending decreased by 1%. State and local government spending posted its slowest growth since Q2 of 2022 at 0.8%. Government-driven spending is one of the main components of GDP calculations, but a reduction in government-driven spending in an economy should be viewed positively.
There was a notable rise in business investment at 21.9% as capital is flowing to the US. This is a noteworthy difference, following a 5.6% decline in the fourth quarter of 2024. Nonresidential investment rose 9.8% in the first three months of the year, led by a 22.5% rise in equipment spending.
Consumer spending grew by 1.8%; services led spending with a 2.4% uptick, followed by goods at 0.5%. Personal savings as a percentage of income reached 4%, down from last year’s posting of 5.4%. Disposable personal income reached 2.7%.
ADP released its jobs report for April, anticipating a 62,000 uptick in private sector hirings. This should come as no surprise as thousands were laid off from their public sector positions. However, the figure is below estimates of 115,000 and sharply down from March’s 155,000 figure. “Unease is the word of the day. Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data,” said ADP chief economist Nela Richardson. “It can be difficult to make hiring decisions in such an environment.” The Labor Department’s nonfarm payroll report is expected to show a 130,000 uptick, well beneath March’s 228,000 posting.
The April 2025 Consumer Price Index (CPI) will be released on May 13, a week after the next Federal Open Market Committee meeting. March posted a core inflation rate of 2.8% on an annual basis, down from February’s 3.1% figure and the lowest noted since March 2021.
Trump’s tariff policy is not to blame for the current state of the economy. War, inflation, debt, poor government policy, and collapsing confidence predate Trump. The Fed’s policy is not to blame either as their policy is almost irrelevant in the grand scheme.
Socrates warned of a massive global shift in 2015 as the sovereign debt crisis cycle turned and public confidence began to decline. The computer identified 2020.05 (May 2020) as a major Economic Confidence Model (ECM) turning point, and needless to say, 2020 was certainly a turning point in every aspect of the global economy. The stagflation we see now began, globally, post-pandemic. Once confidence breaks, stagflation is guaranteed to follow.
Posted originally on Apr 30, 2025 by Martin Armstrong
Retailers are fleeing California as a direct result of blue policies that have nearly permitted shoplifting. The iconic Saks Fifth Avenue store in Union Square in San Francisco announced it is shifting to an appointment-only model, which is also in place at its Napa and Palo Alto locations. Others in San Francisco, like Bloomingdale, Michael Kors, and even Walgreens, have announced plans to leave San Francisco entirely due to crime.
Governor Arnold Schwarzenegger raised the felony threshold from $400 to $950 in 2010 under Assembly Bill 2372. Proposition 47, effective since 2014, classified stolen goods valued under $950 as shoplifting rather than burglary or petty theft. Shoplifting during business hours is prosecuted under Penal Code § 459.5, which is not considered a felony. Law enforcement is encouraged to ignore calls of shoplifting and rarely, if ever, investigates cases of shoplifting. Retailers may hire personal security, but security guards are not permitted to confront thieves due to legal concerns. As a result, criminals routinely walk into stores, take what they’d like valued under $950, and walk out.
In January 2025, California attempted to implement new laws to target shoplifting. Prosecutors under Prop 36, which Gavin Newsom opposed, can combine the value of stolen goods taken in multiple thefts to attempt to dismiss the $950 loophole. Law enforcement officers are now permitted to arrest individuals suspected of shoplifting without needing to witness the theft firsthand. Probation charges for shoplifting have been extended from one to two years, and California has ramped up its rehabilitative programs for offenders under 25.
The National Retail Federation reported an all-time high for retail losses due to crime in 2024, with certain retailers experiencing a 90% uptick in shoplifting. Figures for 2024 have yet to be released, but in 2022, California retailers lost an astounding $8.72 billion due to theft, amounting to $285.70 per capita. California’s Organized Retail Crime Task Force recovered $13.5 million in stolen goods last year, and the state prosecuted over 14,000 theft-related cases between 2023-2024.
It is absurd that the law permits theft. Proposition 47 initially passed with 59.6% approval because people believed it would reduce incarceration rates. The state spends billions on social programs for those in need, and there is no reason that we as a society should accept crime in any manner.
Separately, Donald Trump signed another executive order this week to strengthen local police departments in light of “soft-on-crime policies” that have caused crime to spike throughout the nation. As noted by the White House:
“When local leaders demonize law enforcement and impose legal and political handcuffs that make aggressively enforcing the law impossible, crime thrives and innocent citizens and small business owners suffer. My Administration will therefore: establish best practices at the State and local level for cities to unleash high-impact local police forces; protect and defend law enforcement officers wrongly accused and abused by State or local officials; and surge resources to officers in need. My Administration will work to ensure that law enforcement officers across America focus on ending crime, not pursuing harmful, illegal race- and sex-based “equity” policies.”
AG Pam Bondi will create legal resources for law enforcement officers who “unjustly incur expenses and liabilities” for enforcing the law. This also entails private sector pro bono assistance for those facing legal challenges. This order will refund the police, increasing pay and benefits for officers at a time when many cities are facing shortages. Crimes against police officers will come with enhanced sentences as well. Under Biden, for example, we saw migrants brutalize police officerson camera, only to be released back into the public.
There is one concerning clause in the new EO:
Sec. 4. Using National Security Assets for Law and Order. (a) Within 90 days of the date of this order, the Attorney General and the Secretary of Defense, in consultation with the Secretary of Homeland Security and the heads of agencies as appropriate, shall increase the provision of excess military and national security assets in local jurisdictions to assist State and local law enforcement. (b) Within 90 days of the date of this order, the Secretary of Defense, in coordination with the Attorney General, shall determine how military and national security assets, training, non-lethal capabilities, and personnel can most effectively be utilized to prevent crime.
Now, this is precisely what the Democrats would like to see happen. The left organizes mass protests and displays of civil unrest, which is not a theory but a proven fact. Numerous NGOs fund these “activists,” who in turn incite violence. We saw this happen with the George Floyd “protests,” where cities burned to the ground and small businesses were decimated. This led to the defunding of police agencies across the nation,n and officers have been hesitant to respond to crimes as a result. The Democrats took a knee and turned their backs to the victims, crying racism, while ignoring the basic legal code. They are master manipulators when it comes to spinning the narrative. I feared that an event of this nature could have happened when Trump was sworn into office, an event so chaotic that it would force the president to send in the National Guard.
The civil unrest cycle n the US in projected to intensify between 2025 and 2027, peaking around 2027-2028. We may very well witness an event that requires military intervention.
Posted originally on Apr 30, 2025 by Martin Armstrong
Countless truckers gathered for the 2022 Freedom Convoy in Ottawa, forming a gridlock, with a clear agenda and request to repeal all COVID mandates. The protest was peaceful and no one was injured. They fought on behalf of the world at a time when the global population was imprisoned by mandates that were later revealed to be falsified without any scientific backing. Then Prime Minister Justin Trudeau evoked the 1988 Emergencies Act, which is intended for an “urgent and critical situation” that “seriously endangers the lives, health or safety of Canadians.” Deeming a peaceful protest an act of terrorism is an act of free speech oppression is something that fellow World Economic Forum member Mark Carney fully supported. As a reminder, Mark Carney was in complete support of freezing the bank accounts of protestors and ignoring the Charter of Rights and Freedoms.
Credit card companies were required to report any activity that could be intended to help the protestors to Canada’s anti-money laundering agency. All vehicles involved had their insurance suspended. Fundraising sites were not allowed to raise money to support the cause. Anyone can be accused of conspiring with the protestors, and their funds will be frozen. Ottawa law enforcement even began to confiscate the pets of those protesting. There is no low that these men will not stoop to in order to firm their authoritarian grip.
Carney called the protest an “insurrection” and claimed that the freedom convoy was intended to remove power from the Canadian government. ‘This is sedition. That’s a word I never thought I’d use in Canada. It means “incitement of resistance to or insurrection against lawful authority,’” Carney wrote in an opinion piece, praising Trudeau for declaring a state of emergency. “They are not patriots. This is not about “restoring freedom” but beginning anarchy. This isn’t getting carried away at a rally. It’s not a rush of blood to the head. It’s deliberate and calculated, and because of that, they must know that from now on, there will be consequences for their actions.”
He acknowledged that Canadian law enforcement officers were hesitant to arrest protestors, because they agreed with them. Carney went for the throat by demanding that the banks comply with the federal government to debank the protestors. In his own words:
“Drawing the line means choking off the money that financed this occupation. Again, many Canadians who were amongst the initial donors were likely well meaning. Perhaps they were unaware of the convoy’s stated objectives, or – like many in positions of authority in Ottawa – they didn’t take them seriously. Perhaps all they wanted was a new COVID-19 policy with fewer restrictions.
But by now anyone sending money to the convoy should be in no doubt: You are funding sedition. Foreign funders of an insurrection interfered in our domestic affairs from the start. Canadian authorities should take every step within the law to identify and thoroughly punish them. The involvement of foreign governments and any officials connected to them should be identified, exposed and addressed.”
The government froze bank accounts and credit cards without a court order or due process. These politicians have no idea how much freezing accounts undermined the confidence in the Canadian banking system. A staggering amount of money began to pour into US banks as money fled Canada. Canadians began withdrawing all of their money from their bank accounts, with most turning to cash, others to gold, and some to Bitcoin. The demand for US dollars more than tripled in the first week of this policy. Trudeau and Carney were unconcerned for their loyalty lies with globalist organizations and not Canada.
Increased banking regulations are discussed in the World Economic Forum’s Agenda 2030, primarily in regard to the Sustainable Development Goals (SDGs), which provide a framework for climate initiatives that corporations must follow. Carney is an outspoken climate advocate who has admitted that there is money to be made through the climate agenda. The ruling elite consistently let it slip that the climate change agenda is another fear tactic to grasp money and power. Still, the masses listen to the mainstream media and believe it is a virtuous cause.
This video is essential as it reveals what these politicians have in mind for Canada. In 2013, a reporter asked Justin Trudeau which country he most admired. “There is a level of admiration I actually have for China because their basic dictatorship is allowing them to turn their economy around on a dime,” Trudeau smiled and stated with seriousness. He went on to say how he admired (i.e., envied) how dictators could simply implement laws on a whim without the consent of the people, and added a nod to climate change policies, as the left does not see that as a problem yet. Carney has the same mentality when it comes to ruling Canada.
Canada had an opportunity to implement change. Instead, the masses voted for the next Trudeau, who is another indoctrinated WEF puppet who will step on the neck of the Canadian economy to achieve these globalist goals.
Posted originally on Apr 30, 2025 by Martin Armstrong
Russia has finally ejected all Ukrainian troops from the Kursk region who invaded on orders of NATO/EU last August 6th, ending the most significant incursion into Russian territory since World War II. This has certainly removed Kursk as a pawn in peace negotiations, which Zelensky refused to accept when he met at the White House in a desperate effort to embarrass Trump into keeping the funding for Ukraine’s war against Russia.
Reuters reported that Zelensky said the world did not want to wait until May 8 for Putin’s announced ceasefire in the more than three-year-old war, only for it to be in effect for a few days.
“For some reason, everyone is supposed to wait for May 8 and only then have a cease-fire to ensure calm for Putin during the parade,” Zelensky said in his nightly video address.
Yet in that same address to Ukraine, he hinted at an attack in Moscow on the Victory Day Parade. He said that his Ukrainian generals were choosing “Russia’s pain points.” And then he makes a frank allusion to the attack on Red Square on May 9th. Now they are worried that their parade is in question, and they are right to worry. But we must worry that this war continues. They must end the war, Zelensky declared.
We definitely see volatility rising the week of May 5th and from the week of May 12th into the end of the month remain as key targets. Our computer has warned that Ukraine would NEVER win this war with Russia, and NATO has played them for fools, sacrificing them to reduce the military strength of Russia so they can move in for the kill.
Boris Johnson flew to Kiev 3 days before the signing of the rare minerals deal was supposed to take place in Liev. Johnson told Zelensky to go to the White House to try to embarrass Trump into funding the war. Zelensky refused a ceasefire, claiming that the Ukrainian people did not want one. That is not what I have heard from sources in Ukraine. Now Zelensky suddenly claims that, after his troops lost in Kursk, the world does not want to wait until May 8th for a ceasefire because he is losing?
“It’s amazing what comes out through emotion, and I have determined that President Zelenskyy [sic] is not ready for Peace if America is involved.”
Trump wrote on Truth Social.
Zelensky knows nothing about war and has been a Neocon plant to order Ukraine to fight to the last Ukrainian. His arrogance has cost over 1 million lives among Ukrainians, and over 8 million have fled to Europe, and most will never return.
The day after Moscow announced the completion of the Kursk operation, President Vladimir Putin declared a unilateral three-day ceasefire to mark the 80th anniversary of the Soviet Union’s and its allies’ victory in World War II, Russian Foreign Minister Sergey Lavrov emphasized that international recognition of Crimea, the Donetsk and Lugansk People’s Republics, as well as the Kherson and Zaporozhye regions as part of Russia, is a non-negotiable condition for any settlement. There was the Minsk Agreement that Europe signed in bad faith, only to allow Ukraine time to raise an army. They now have 1.1 million dead Ukrainians’ blood on their hands, and they do not have a problem sleeping at night.
Foreign Minister Sergei Lavrov made it clear on Monday, April 28, that Moscow would accept nothing less than a total victory. Lavrov insisted that the Russian Federation will not negotiate unless Ukraine recognizes that the original regions that were supposed to be allowed to separate under the Minsk Agreement after a vote, including Crimea, Donetsk, Luhansk, Kherson and Zaporizhia, now belong to Russia. “The international recognition of Crimea, Sevastopol, Donetsk, Luhansk, Kherson and Zaporizhia regions as part of Russia is an imperative,” Lavrov said, emphasizing that Ukraine must legally acknowledge these regions as Russian territory. This seems to be reasonable after the false negotiations by Europe over the Minsk Agreement. But Russia must now realize that Europe cannot be trusted, and any peace deal would NEVER mean that there will still not be war after Europe builds its European army.
NATO’s INVOLVEMENT IN UKRAINE
NATO conducted military exercises in Ukraine between 2000 and 2010 in advance of the start of the civil war as part of its partnership programs aimed at enhancing cooperation and interoperability with non-member states. Key exercises and initiatives during this period include:
1. Partnership for Peace (PfP) Program
Ukraine joined NATO’s PfP program in 1994, which facilitated joint training and exercises. These activities continued into the 2000s, focusing on peacekeeping, disaster response, and military interoperability.
2. Exercise Sea Breeze
An annual naval exercise co-hosted by the U.S. and Ukraine in the Black Sea since 1997.
Conducted throughout the 2000–2010 period, involving NATO allies and regional partners to enhance maritime security and coordination.
3. Exercise Rapid Trident
A land-based exercise focused on peacekeeping and interoperability.
While later iterations became more prominent post-2010, initial drills began in the mid-2000s as part of the PfP framework.
4. Exercise Cooperative Partner
Air force exercises aimed at improving compatibility with NATO standards.
Held in Ukraine during the mid-2000s, involving aerial maneuvers and joint training.
5. NATO-Ukraine Action Plan (2002)
This formalized deeper cooperation, leading to increased joint exercises and defense reforms in Ukraine.
Exercises often emphasized peacekeeping, counterterrorism, and crisis management.
6. Annual National Program (ANP)
Under the NATO-Ukraine Commission (established 1997), Ukraine implemented defense reforms and hosted NATO-linked training events.
These exercises were part of NATO’s broader effort to build trust and capability with Ukraine, though full membership was not on the table at the time. The 2008 Bucharest Summit later affirmed Ukraine’s eventual NATO membership prospects. In summary, NATO-Ukraine military exercises during this decade were regular and multifaceted, reinforcing Ukraine’s gradual alignment with Western defense structures in preparation for war with Russia.
Finland’s Prime Minister has shown herself to be a staunch supporter of Zelensky to the detriment of her people.
Now that Sweden has surrendered its neutrality, which protected its people through two world wars, they have joined NATO and even sent planes to Poland. This has led the Kremlin to expand its military bases along the Finnish border in response to Sweden and Finland’s decision to join NATO. As you can see from the map, it’s not very far from Finland to St. Petersburg in Russia. Sweden and Finland have now placed their populations in the Kremlin’s crosshairs for joining the NATO alliance.
Russia is reportedly expanding its army bases on the border with Finland and rapidly expanding its military as it prepares for a potential clash with NATO. Russia’s kill chain, defined as how quickly the army moves from finding a target to firing on it, is now far more responsive than that of NATO’s capability.
Then, on the other side of the world, the risk of war during May also exists between Pakistan and India, two lifelong enemies. On top of all of this, Pakistan says India is preparing to strike in 36 hours, if not days.
Posted originally on Apr 29, 2025 by Martin Armstrong |
Carney’s Victory Speech was an acknowledgement that what we are witnessing is truly more than just a hate fest against Trump. Carney is saying the relationship between USA and Canada is over. This is not about tariffs. This is about power. Just as the media has been 92%+ anti-Trump, this is the FAR LEFT and their WOKE Agenda fighting to take over the world because their economics is failing. They refuse to reform and expect to keep borrowing for their endless promises of free gifts. This is by no means simply Carney and Canada. This is the agenda in Europe, and it is why there was a coup against Schwab at the World Economic Forum.
Schwab’s bold statements, which did not hide their Agenda 2030, were to have total control of everything, all because their economic system is collapsing. You cannot borrow forever without any intention of ever paying it off. A three-year-old with a pocket calculator could probably figure out this is not going to end well – i.e., 2032.
Monitoring everything you say on social media is becoming a reality. It used to be that only Santa Claus knew who was naughty or nice. Now it’s the NSA and the rest of the government. They have the right to search your social media to get a visa for a vacation or even for an American to return home.
Schwab took the position that if you have nothing to hide, then you should not be afraid. He obviously knows nothing about law and how a word can have different interpretations. I went to mail some Roman coins to a client, and the Post Office refused to accept them, saying it was illegal to send money through the mail. I tried to explain that these were ancient coins and were no longer in use as money. I was rejected and told it was still money. I had to go home and redo the paperwork and call the coins antiquities to mail them.
This very issue sparked the American Revolution. Schwab obviously does not know his history. There was a legal case that became the seminal beginning of the American Revolution known as Entick v. Carrington and Three Other King’s Messengers (1765), reported at length in 19 Howell’s State Trials 1029. This case was the start of the American Revolution and was also based on the abuse of the king’s agents. The action, dated November 1762, was for trespassing and interfering with the plaintiff’s dwelling by breaking open his desks and boxes and searching and examining his papers.
After George III became king in 1760, by February 1761, Parliament enacted the Writs of Assistance, that was challenged in court in Boston, Massachusetts. These were writs that empowered the king’s agents to search anything they suspected, like the NSA today, at their discretion. The defending lawyer James Otis (1725-1783) pronounced these writs as “the worst instrument of arbitrary power, the most destructive of English liberty, and the fundamental principles of law, that ever was found in an Englishlaw book.”Otis warned that the king placed discretion in the hands of every agent to act as he desired. Nothing has changed, for our current government can do whatever it desires today, and it is always the citizen’s burden to prove they have any rights whatsoever.
John Adams (1735–1826; 2nd President 1797–1801) was in the audience at that hearing that day, and the four-hour speech of James Otis so moved him that he declared:
“Then and there was the first scene of the first act of opposition to the arbitrary claims of Great Britain. Then and there, the child independence was born.”
Reliable sources confirm that Carney has aligned with the Globalists of the EU and will attempt to shift Canada. He is purposely making his first foreign trip to the capital cities of the two countries that shaped Canada’s early existence. He will seek to link the Canadaian economy to that of the EU and he has won an election all on the hatred of Donald Trump and this was an intentional ploy instigated by the Neocons and the EU who will collapse from a sovereign debt crisis so they are desperate to creat World War III to retain power and use that as the excuse for the 80 years of a failed socialist agenda which has produced debt that is never paid off and the interest is escalating crowding out all other spending.
Carney is the ultimate WEF insider who was a leading force in creating the whole Net ZERO climate agenda that has undermined Europe’s economy and that of Canada.
As I had warned, the computer was showing that this would be the typical split, EAST vs WEST. Eventually, British Columbia, Alberta, Saskatchewan, and Manitoba will break from the EAST out of pure economic survival. Europe will break up as well, and eventually the same will unfold in the United States. CENTRALIZED dictatorial government has always failed, and what they have engaged in since World War II is socialism, where they still have their nose into personal lives.
A simple comparison of quarterly GDP growth between Canada and the United States demonstrates the utter failure of Canada’s socialistic policies that are indeed akin to those of Europe. Carney ran on the hate fest against Trump because he could not run on the economic track record of managing the economy of Canada under Trudeau.
Even the economic growth of Germany, the best within the EU, cannot compare to that of the USA, with less regulation and less socialism. The more any government tries to intervene and control aspects of the economy, the greater its failure, just like Marxism took down communism in China, Russia, and much of South America, especially Cuba.
The Federal Reserve is nearly done completing its revamp of its Washington, DC, headquarters with a price tag of $2.5 billion. The luxurious facility has come under intense scrutiny as many believe they are borrowing from public funds while already operating in a deficit. Yet, these funds will not be added to national debt calculations.
The Federal Reserve operates on a self-funding mechanism, allegedly, using revenue it generates from interest on government securities and other services such as payment processing. Yet, that interest is generated from public funds. However, the Federal Reserve does not need approval from Congress to finance internal costs as it manages to bypass the federal budget.
The national debt is calculated based on congressionally authorized borrowing. Since no Treasury securities were issued, these costs remain off-budget and outside final calculations. The Federal Reserve operated independently, and as such, it can build a massive new facility equipped with garden terraces, elaborate water sculptures, ceiling skylights, and a private elevator system to transport board members to the newly designed VIP dining suite.
There are several special lending programs budgeted through the Fed that will not be included in the national debt. For example, the central bank purchased $500 billion in short-term debt from local and state governments during COVID to push cash into the system. Loans provided through the Main Street Lending Program and the Money Market Mutual Fund Liquidity Facility (MMLF) are not factored. The Fed maintains some monetary policy tools absent of congressional approval, like discount window loans and overnight reverse repurchase agreements.
Foreign central banks may exchange their treasuries for dollars, which does not pull from public funds. The FedNow Instant Payment system for banks also operates independently, as does the Consumer Financial Protection Bureau (CFPB) that funds around $630 million annually.
The Fed has a $7.4 trillion asset portfolio that is not congressional appropriations. Any losses are considered deferred assets on the central bank’s balance sheet. Now, the Fed differs from other central banks, such as the Bank of Japan or the European Central Bank, which rely more on shareholder capital and government-backed reserves. The 12 regional Federal Reserve banks operate as quasi-private institutions with elected board members, whereas the ECB and BoJ operate as public entities.
The Fed returns around 90% of its net income to the US Treasury despite the current negative press. The new headquarters may be excessive, but it is paramount for the Fed to remain independent from the federal government. Politicians should not drive fiscal policy, as all confidence in the system would be lost. A central bank like Turkey’s, which is completely politically controlled, faces ongoing currency crises and inflation because politicians only want to patch up the short term to ensure they win the next election. Congress should have no say in the Fed’s budget – period.
Posted originally on Apr 29, 2025 by Martin Armstrong
German Finance Minister Jörg Kukies is urging the European Union to force nations to drastically increase aid to Ukraine under an emergency clause. This emergency clause acts as a loophole that could allow Brussels to surpass defense investment parameters.
Kukies penned a letter on April 24, 2025, to Brussels to state that the “changing environment in Ukraine “requires a significant build-up of defense capabilities with a major impact on its public finances.” This clause would force EU members to spend up to 1.5% of GDP on Ukraine for the next four years. Kukies also would like the European Commission to consider expanding what constitute as “defense” spending, as it “adequately reflects the multiple threats to security in Europe” and considering “in particular dual-use expenditure.”
Incoming chancellor Friedrich Merz has already agreed to spend €1 trillion on Ukraine’s military and infrastructure. Germany is not “leading” Europe as many believe. Rather, it is dragging the entire continent into the grave. This is not about helping Ukraine. This is about creating the next perpetual conflict to justify more government power, more taxation, and the further erosion of individual liberty.
The German government believes it has the funds to shell out. Yet, other EU members have not masked their hesitancy to sink into debt at the expense of Ukraine. When Foreign Policy Chief Neocon Kaja Kallas attempted to bend the bloc’s hand to increase spending, a few southern European nations like Italy and Spain shouted that they did not want to excessively increase their debt. Spanish Finance Minister Carlos Cuerpo touched on a point that caused Brussels to shudder. If Europe believes it is acting as a solid consolatory force, then why not consolidate the debt?
Spain proposed a temporary special purpose vehicle (SPV) that would restructure defense debt from national balance sheets by issuing joint European debts through bonds or a similar vehicle. EU and non-EU nations could fund the SPV with a shared repayment obligation. Brussels is still considering the proposal, but rest assured that the top economies in the EU will not want to share the debt obligation. The entire premise of the euro robbed lower GDP nations through a failure to consolidate debt, and nations like Germany refused to forgive their multiplied debt after they adopted the euro because every nation will put itself first. It was a fantasy to believe that a continent could erase its borders and operate as one.
The computer has warned that Europe is at risk of a depression. The EU is collapsing under its own weight. The unelected authoritarian regime in the EU is working to destabilize Europe to fight Russia, and member nations must stand idle and watch their nations spiral into debt to spur on a war that was never their battle to fight.
Posted originally on Apr 29, 2025 by Martin Armstrong
Legacy media will continue to spur anti-Trump propaganda until his dying breath. Even then, they likely would not permit him to rest in peace. We recently saw the media broadcast Donald Trump wearing a navy blue suit at Pope Francis’ funeral, claiming he is disrespecting an entire Christian denomination with his wardrobe selection. The Media Research Center (MRC) recently conducted a poll to see how the media has painted the president during his first 100 days, and to the surprise of no one, coverage was92.2% negative.
MRC looked at national news programs from CBS, NBC, and ABC from January 20 through April 9. An astounding 899 stories discussing the Trump Administration were negative, compared to 7.8% of positive coverage. “Just 100 days into President Donald Trump’s second term, the broadcast evening news landscape is even more lopsided than it was eight years ago, when Trump was besieged with relentlessly hostile coverage,” researcher Rich Noyes wrote. During his first term, the media’s negativity was at 89%. In contrast, Joe Biden received 59% positive coverage from these media networks during his first 100 days.
“Yet despite the overwhelming negativity of their coverage, the networks found Trump irresistible as a news subject, at least compared with Biden. From January 20 through April 9, 2017, the networks saturated their newscasts with 1,900 minutes of Trump news; during the same time period this year, we tallied a massive 1,716 minutes of coverage. But in 2021, evening news viewers saw only 726 minutes of Biden coverage during these same weeks, less than half of the airtime devoted to either of the new Trump administrations,” Noyes wrote.
Tariffs received the most airtime with 361 minutes. As I have stated, the press is attempting to erode confidence in the American economy. DOGE received 301 minutes or airtime, with immigration policies coming in at third with 233 minutes. The news covered tariffs negatively 93% of the time, covering immigration policies with an equal amount of animosity. DOGE government cutbacks were aired an astounding 97% with a negative spin. “Out of nearly four hours of evening news airtime devoted to immigration, these newscasts spent just 3.5 minutes letting viewers know just how much Trump has reduced border crossings,” Noyes commented.
The entire Trump Administration is seen as a threat by the left, who control the mainstream media, hence why they have also painted his cabinet in a bad light. All three major networks portrayed Secretary of Defense Pete Hegseth in a negative way 100% of the time. Robert F. Kennedy Jr., despite his efforts that should be seen as neutral, received 89% negative coverage. Unsurprisingly, Elon Musk’s airtime was 96% negative.
“The mainstream media continues to portray President Trump’s historic accomplishments negatively, even though 77 million Americans voted for his policies. Americans know the President is doing what is best for the country, which is why the legacy media’s ratings continue to drop and people are finding new ways to consume the news,” a White House spokesperson told Fox News Digital.
The media fails to realize that the people voted for Trump because he is the anti-establishment candidate. His supporters know that the media conglomerates hate him AND his supporters, which only made him an increasingly popular underdog. Trump wears it as a badge of honor, even displaying his mugshot outside the Oval Office. Journalism died long ago. These are the same people who helped to orchestrate the COVID narrative, who hid Biden’s mental health, and who insist that they should have the final say on what constitutes misinformation. The primary, if not only, purpose of legacy media is to disseminate propaganda and manipulate the masses.
Posted originally on Apr 28, 2025 by Martin Armstrong
I have never witnessed such outright lies by a candidate as Carney. But hey, it has worked. With the votes in from the East, giving the Liberals 150 seats out of 343 so far, there is no way the Conservatives will get a majority. Our model provided three numbers for the Liberals: 41.25, 45.40, and 59.93. They are at 45.5 currently. His entire campaign has been about hatred of Trump.
Carney is a globalist, and he will sign up with the losing team, all for this agenda from the World Economic Forum, of which he has been indoctrinated as a key player. Mark Carney will remain Canada’s prime minister. There is no question about that. Even if the Conservatives took every seat in the West, they would still not have a majority and Carney will form a coalition if he didn’t get 172 seats.
As one reader just wrote in: “To be honest with you, I don’t care anymore, today Canadians have sealed their fate .” Our computer has been showing that Canada’s economy will take a nosedive over the next two years, into 2027. Of course, Carney will blame Trump. He has carried out this agenda from the Neocons to try to isolate Trump. Still, in the process, Carney has undermined trade relations with the United States far beyond Trump, and sources say he will try to shift to the EU, which can’t seem to get out of its own way when it comes to economics. EU consumer consumption is $1.29 out of $10 globally, with 450 million people, compared to 25% for the USA, with only 330 million people. The EU will likely move into a depression, so this won’t work out well for Canada.
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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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