President Xi Scolds Trudeau for G20 Media Leak

Armstrong Economics Blog/Politics Re-Posted Nov 18, 2022 by Martin Armstrong

The fear on Trudeau’s face is priceless. Everyone knows Justin Trudeau loves the spotlight. He is merely a celebrity like Zelensky. Justin is not a true statesman but a political puppet who does what he is told, as a good World Economic Forum Young Leader should. Within hours of what should have been a private meeting, the mainstream media released everything to the public. China’s Xi confronted Trudeau for disclosing altered information and making a complete fool of himself.

Everything discussed yesterday “has been leaked to the paper(s), that’s not appropriate” and “that’s not the way the conversation was conducted,” Xi told Trudeau through a translator. Justin, like a reprimanded schoolboy, said they “could work constructively together, but there will be things they disagree on.” Xi replied, “Let’s create the conditions first,” meaning do not open your mouth to the media when we are negotiating global affairs. There is nothing to disagree on when the conditions have not been outlined.

Before people cry “but, but, free speech—we can say what we can here,” let us not forget that Trudeau said China was his ideal government. Another step in the wrong direction for China and Western relations.

China’s Central Bank Discusses Inflationary Fears

Armstrong Economics Blog/Central Banks Re-Posted Nov 10, 2022 by Martin Armstrong

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It is not out of the question that China is holding onto its Zero COVID policy tactics to prevent the people from realizing banks are in the midst of a liquidity crisis. I reported earlier in the year that China had manipulated QR codes to prevent citizens from entering banks. Over $6 billion (39 billion yuan) was frozen from accounts in June, and thousands of people were unable to access their bank accounts. A few banks in Henan reported bank runs, and residents were planning a protest after finding that their funds were frozen. Some depositors attempting to access the bank were taken by force into quarantine camps. Others were not permitted via QR code to even gain access to public transportation, let alone enter the bank.

The Chinese government now states that Henan Xincaifu Group Investment Holding illegally colluded with bank employees to attract funding unlawfully. Of course, this cannot be the only culprit for the banks lacking liquidity. The situation in Henan is a small glimpse of how bad the situation could become.

The yuan is generally less attractive right now. Ongoing COVID lockdowns pushing businesses to flee. Geopolitical conflicts are causing investors to fear that China may no longer be a safe bet. China’s plans to loosen monetary policy directly conflicts with the Federal Reserve’s hawkish stance. The People’s Bank of China governor Yi Gang stated that although less impacted by inflation, China’s still feeling the global shockwaves. Delicate sectors such as real estate are extremely volatile right now

Printing more money is not an option. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, would like tougher regulations and cited inflation as the global economy’s main challenge. “The central banks of major developed economies have aggressively tightened monetary policy, which is likely to trigger a widespread economic recession in Europe and the United States,” Guo stated.

Yi took things a step further by suggesting that straying from the current policy could go so far as to trigger hyperinflation in China as it must remain competitive. “If the government is allowed to overdraft through the central bank and relies on printing bills to meet the needs of fiscal spending, it will eventually lead to hyperinflation, unsustainable finances and a debt crisis,” Yi said.

China is in a tough spot right now. Our computers still indicate that China will surpass the US to become the next financial capital of the world after 2032. Its journey to the top will be interesting to watch unfold.

DOJ Charges Two Chinese Nationals with Obstruction of Justice in Huawei Telecommunications Case

Posted originally on the conservative tree house on October 24, 2022 | Sundance

President Trump and Commerce Secretary Wilbur Ross both raised serious concerns about the malign intents of Chinese nationals involved in the efforts of Huawei Telecommunications to infiltrate U.S. communication networks.

The Trump administration tried to block Huawei from involvement in the 5G telecommunications system in the United States claiming there were national security interests that could be compromised.

However, Washington DC politicians, and Canadian Prime Minister Justin Trudeau, both of whom were recipients of Chinese donations, defended the expansion efforts of Huawei and accused the Trump administration of “Asian hate.”

In the background, to reinforce a false political narrative surrounding the Asian hate theme, in 2021 the Biden administration removed the China initiative, an investigation of PRC influence in U.S. institutional systems, from the focus of the U.S. justice system.

Yet today, the Biden administration announced the arrest of two Chinese nationals, and the indictment of 11 more, for exactly what the Trump administration had feared:

(DOJ) In three separate cases in the U.S. Attorneys’ Offices for the Eastern District of New York and the District of New Jersey, the Justice Department has charged 13 individuals, including members of the People’s Republic of China (PRC) security and intelligence apparatus and their agents, for alleged efforts to unlawfully exert influence in the United States for the benefit of the government of the [People’s Republic of China] PRC. (more)

Court documents did not name the company; however, Reuters identifies the company as… wait for it…. Huawei:

(Reuters) – U.S. prosecutors said on Monday they have charged two Chinese nationals with trying to obstruct prosecution of a Chinese telecommunications company that a person familiar with the matter identified as Huawei Technologies Co Ltd (HWT.UL).

Prosecutors said the case is representative of a broader pattern of unlawful influence efforts by China and announced they had also charged 11 people in two other cases with spying for Beijing or intimidating Chinese dissidents.

In the case involving the alleged efforts to tamper with the Huawei investigation, prosecutors said two Chinese intelligence officials attempted to recruit a U.S. law enforcement agent to work as their spy. However, the recruit was actually working as a double agent for the United States.

Chinese nationals Guochun He and Zheng Wang were charged with trying to interfere in the prosecution, the prosecutors said. Court documents did not name the company, but the complaint referenced the same dates in which the U.S. unsealed its charges against Huawei, in 2019 and 2020. (more)

This about-face is rich coming from Deputy AG Lisa MonacoWATCH:

Xi Appointed for Life Thanks to Biden

Armstrong Economics Blog/China Re- Posted Oct 16, 2022 by Martin Armstrong

The United States under the Biden Administration appears to have done ABSOLUTELY everything they could to ensure that President Xi Jinping would be delivered a mandate to potentially rule for life as a major meeting wraps up in Beijing. With Biden claiming the US will defend Taiwan and Pelosi hopping on flights to Taiwan to assure the US will defend them, from a geopolitical analysis perspective, they were absolutely brain dead UNLESS they were deliberately telling China the USA wants war. The approval of this landmark announcement in a communique was established not since Mao Zedong and Deng Xiaoping had China authored a so-called historical resolution.

What the Biden administration has been doing is deliberately showing no respect for the dignity of China or Russia. But insulting both nations, their culture, and their people is only an invitation to war. China directly addressed that calling this “the great rejuvenation of the Chinese nation.” That was a direct response to the way they view the Biden administration which seems to be on a mission to screw the entire world. Never in international relations do you EVER insult the opposition, or call people like Putin a war criminal when a war criminal can never be applied to a leader based upon actions of those in battle.

Looking at this objectively, China was pushed into a corner by the constant rhetoric from the Biden Administration that China is an enemy – not a friendly nation. This not only imposes serious risks to Taiwan in the months ahead but also to Hong Kong. A closing in the Hong Kong share index below 13319 for 2022, will war of a major further crash probably into the 3rd quarter of 2023 if not into 2024.

New Interview: The Plot to Seize Russia

Armstrong Economics Blog/Armstrong in the Media Re-Posted Oct 14, 2022 by Martin Armstrong

Watch the video above or click here to listen to my latest interview.

Commentary from Rico Potkaars:

"Historian and Economist Martin Armstrong, as a computer programmer created the system called socrates that analyses history, current affairs and the flow of money and extrapolates to what may lie ahead. It gave him the nickname ‘the Forecaster’ and a documentary that to this day is forbidden in the USA.

Armstrong through FOIA retreived information from the Clinton Library about what happened after the Soviet Union fell. He’s written that down in a book called ‘the Plot to Seize Russia.

In this interview we discuss his upcoming book, the current state of collapsing global finance and the inescapable war on Russia as a result of that.."

Why I’m leaving the Democratic Party.

The Tulsi Gabbard Show Published originally on Rumble on October 11, 2022

I can no longer remain in today’s Democratic Party that is now under the complete control of an elitist cabal of warmongers driven by cowardly wokeness, who divide us by racializing every issue and stoke anti-white racism, actively work to undermine our God-given freedoms enshrined in our Constitution, are hostile to people of faith and spirituality, demonize the police and protect criminals at the expense of law-abiding Americans, believe in open borders, weaponize the national security state to go after political opponents, and above all, are dragging us ever closer to nuclear war.

I believe in a government that is of the people, by the people, and for the people. Unfortunately, today’s Democratic Party does not. Instead, it stands for a government of, by, and for the powerful elite.

I’m calling on my fellow common sense independent minded Democrats to join me in leaving the Democratic Party. If you can no longer stomach the direction that so-called woke Democratic Party ideologues are taking our country, I invite you to join me.

Click the link to listen to my full statement on why I’m leaving the Democratic Party:

The Madman of Ukraine in High Heels

Armstrong Economics Blog/Ukraine Re-Posted Oct 10, 2022 by Martin Armstrong

COMMENT: Hi Martin
It is obvious that Zelensky does not have a brain and is being controlled by outside forces. Is it Schwab or is he just a front also? You probably know more than what is going on than anyone else including intelligence.
Thank you
All the best

REPLY: I cannot say everything without compromising some sources. These people have played a dangerous game. Putin never intended to wage war on Ukraine. He was there to do what he said, protect the Russian population in the Donbas and Crimea, which have NEVER been occupied by Ukrainians. Zelensky should go back to dancing in high heels and leave the real world to serious people.

This launching of 83 missiles is the biggest attack on Kyiv since the war began. That in itself proves he was never trying to conquer Ukraine. This propaganda is all strategically being put out to create war. Europe needs this because it can no longer fund itself on the same basis of endless borrowing with no intention of ever repaying the debt. The failure to have consolidated the debt from the outset is tearing Europe apart. These people think (1) they can defeat Russia and chalk one up for climate change since 50% of Russia’s GDP is energy, and (2) a war will allow them all to default and create another Bretton Woods while reducing the population. These are real objectives.

Putin never struck Kyiv because that was the home of the Russ, where the Russians began. Only the destruction of Kyiv in 1240AD by the Mongold resulted in them settling in Moscow. Kyiv to Putin was more or less like London has been to the United States. This attack on Kyiv is what I have been warning about. Putin has been criticized by the hardliners for being too soft on Ukraine. They are not as nostalgic about Kyiv as Putin has been.

The West is pushing Russia and they will get what they want – war. This is just insane. The Ukrainian people need to overthrow Zelensky – NOW! He is not putting their best interests first. It has been confirmed he has already stashed more than $100 million offset and he will fly away on a private jet leaving the death and destruction behind. Maybe then he will change his shirt.

In the meantime, Russia can take down the power grid of Europe with a handful of missiles. Without alternatives, Europe’s current energy shortfall will worsen this winter. If Russia attacks the satellites, without GPS, most people will be lost today. Things can get really messed up without nuclear war.