Category Climate Change

Mar 11 2022

Just to Let you Know Shortages of CASH Developing & Silver


Armstrong Economics Blog/Opinion Re-Posted Mar 10, 2022 by Martin Armstrong

I went to the bank for other reasons, and since I was there, I asked for 10k in cash. They said I had to order it. I asked what they could give me, and they replied that there was a limit of 2k. I said I just wanted the cash in case of power grid failures, cyberattacks, and war. The bank teller said that is why everyone is asking for cash these days.

Then speaking to bullion dealers, they said people are coming in to sell their silver bullion coins from Russia. They said people are panicking and do not want to have silver bullion. Quite astonishing, if I do say.

I then ran and bought a spare laptop just in case for as this all continues, chips will vanish, and computers will end up like cars — selling for over list when you can even get them.

Mar 11 2022

Highest Gasoline Prices in History Hit All 50 States, National Avg Increased 20 Cents in Just Four Days


Posted originally on the conservative tree house on March 10, 2022 | Sundance

The nationwide average for regular gas is now $4.32 a gallon, according to AAA. Just yesterday it was $4.25. In just a few days gasoline has eclipsed the highest price ever recorded by 20¢.  The previous record was $4.11 in July 2008.  Unfortunately, there is no end in sight.  Anecdotally, my neighborhood gas station went up 75¢/gal in just three days and is now $4.95.

Nationally, Diesel prices are also at record highs, with the average cost at $5.06 a gallon, up almost twenty cents overnight from Wednesday to Thursday.  This will increase transportation costs for all goods being delivered.   The speed of the current rate of increase is very troublesome.

(Current gas price in West Hollywood, Los Angeles, CA)

USA today has an estimate of gasoline prices by state – SEE HERE

What is the current price near you?

Mar 10 2022

Food Riots & Civil Unrest


Armstrong Economics Blog/Civil Unrest Re-Posted Mar 10, 2022 by Martin Armstrong

QUESTION: Thank you for sharing your views. I am in Iraq. I flew to Athens to see you speak there a couple of years ago. I understand you try to provide your best interpretation of what the computer is forecasting. Here in Iraq, there are food riots starting to take place. Is this one of the fundamentals behind the computer’s forecast of rising civil unrest globally?

AC

ANSWER: Yes, I remember you. The computer has shown that this would be a cycle in commodities from 2020.05 into 2024 but it clarified this would be caused by shortages rather than a speculative boom. Simultaneously, it projected a rise in war and civil unrest simultaneously during this cycle. Those forecasts have been correct and I doubt anyone can argue against that fact.

I do try my personal best to interpret it correctly. I too am only human which is why I try to distinguish my opinion from the forecast. Because this cycle is a combination of war and commodity shortages that were set in motion by COVID, the risk of the Ukrainian war escalating out of control is serious.

The fact that the Pentagon refused to allow Poland to send jets and has refused to provide a no-fly zone despite the nonsense Zelensky, implies to me the US military is not trying to start WWIII despite all the stupid actions coming from Biden & co. Ukraine and Russia supply 30% of the world grain supply and the bulk of that goes to the Middle East. The longer this war goes on, the greater the food disturbances and that will only feed into continuous riots.

We need to follow the money trail behind Zelensky to get to the truth. He does not give up on trying to start WWIII. The question is why? Anyone with has a brain understands that if NATO grant any of his requests, then we are in an all-out war and China will be with Russia. That is not a happy ending.

Mar 8 2022

Who Are the Oligarchs?


Armstrong Economics Blog/Politics Re-Posted Mar 8, 2022 by Martin Armstrong

(Photo: Former President Obama’s private yacht)

The word “oligarch” leads some to believe that these rich individuals are part of a mysterious underground society. The Oxford dictionary defines an oligarchy as “a small group of people having control of a country, organization, or institution,” and oligarchs are those who have profited off of the regime – in this case, Putin’s.

Is there a difference between a very wealthy American businessman who has profited off of American capitalism under [insert president here]? Technically, there is not as anyone can condemn another’s political system. America’s democracy has certainly come under fire by many leaders, primarily in the Middle East who have stated America is akin to a mafia organization. Trudeau showed us Canada is not above freezing individual accounts without Due Process. Our governments have exposed themselves throughout this pandemic, especially by letting us know they are not above coercion and silencing free speech.

So while many cheer the asset forfeiture of the evil Russian oligarchs, make no mistake about it that other nations can and will use this new tactic of war in the future. Governments can not only seize their citizens’ assets but have the ability to freeze international capital. How could anyone feel safe investing in a Western nation if their assets will not be protected? These Russian citizens can have their assets seized without proof that have any ties to Putin.

The wealthy citizens are always the first to flee when a city or nation is failing.

As I have stated, this will totally destroy the world economy as we know it. Foreign investment in Russia will be seized, and the prospect of this migrating to China is extremely high. A line has been crossed. You do not go after the assets of private individuals claiming they are holding personal money for Putin. That would be akin to saying someone was holding money for any politician simply because they live under that leader’s rule.

Mar 8 2022

The Model on War & Food Shortages


Armstrong Economics Blog/Agriculture Re-Posted Mar 8, 2022 by Martin Armstrong

During a war, food production collapses because tanks have a tendency to plow down crops. Here is a food ratio book from World War II in the United States where tanks were not plowing down fields. So even during WWII War, there were Ration Stamp Books issued by the United States government for citizens to purchase goods. Even Britain issued a ratio book, for in both cases, they needed to supply food to Europe which could not grow food. This is what will develop with Ukraine and Russia, combined with Ukrain you are looking at 30% of world grain production. Most of their exports go to Africa and Southeast Asia.

Perhaps now you will understand why our model has forecast focused on food both war post-2020, as well as a commodity boom into 2024. Even back in 2020, we warned that there would be a crisis in agriculture. The yearly array we posted back then showed a rally with a target in 2023.

A number of people have written in saying that others are copying our forecasts and pretend this is their personal analysis. There are always going to be people who want to pretend and take others’ work. The danger is that nobody can do this on a personal opinion, and even claiming they have looked at cycles back 500 years is the same BS you get from climate change analysts that stopped at 1850. Going back to the 16th century is by no means enough data to look forward. You are still dealing with the same monetary system and theories that are falling apart in front of our eyes.

You can go back to our 2011 World Economic Conference in Philadelphia where I stood up and warned the war cycle would turn up in 2014. What happened that year? Ukraine overthrew Yanucovof and that began the separatist movement in Donbas and this was the start of the Minsk Agreement. McCain and Graham traveled to Ukraine in 2016 to undermine that separatist movement simply because Donbas were Russians. The war we have today is directly the result of the behind-the-scenes proxy war against Russia that they began in 2014. Both McCain and Graham both opposed Trump in 2016, and it was John McCain who handed the fake dossier funded by the Clintons to claim Russia was interfering in the 2016 US election.

The model has beaten EVERYONE who pretends they foresaw this. My personal attempts at interpreting the arrays are by no means perfect. We provide the computer arrays so you can look at its forecasts yourself. In that manner, the model can continue to provide guidance long after I am gone.

Mar 8 2022

The Coming WWIII


Armstrong Economics Blog/War re-Posted Mar 7, 2022 by Martin Armstrong

While people rush to kiss the feet of Zelensky, even some Ukrainians are now concerned that he is a puppet dragging their country to destruction all over Donbas. I have warned that this is going to turn into WWIII. China has now come out and warned the USA against trying to build what it called a Pacific version of NATO while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.” They too are logging the same complaints against the US as Putin for creating biological weapons labs on their borders as well.

There are serious allegations that this is all being carried out to try to force Russia and China into the Great Reset and to comply with the United Nations’ mandates for climate change. It is hard to say whether these allegations are true or false. As always, time reveals the truth. But the WEF, which had claimed that Putin was a Young Global Leader, rejected that and shifted to supporting Zelensky also pushing for a continued war that Ukraine cannot win unless it gets so bad that they use this to justify NATO entering Ukraine.

My concern is that their mistake is they think they can take down Russia and then turn to China. Our model warns that that will be a fatal mistake, and China will join Russia.

Mar 8 2022

Kyiv Airport Destoryed


Armstrong Economics Blog/War Re-Posted Mar 7, 2022 by Martin Armstrong

he Kyiv Airport was destroyed to prevent the West from flying in military equipment. This is the same strategy as singing ships from America to Britain with military arms in World War I. There are a lot of Ukrainians who are not supporting Zelensky. He ran promising to make peace with Russia and he was elected like Trump because he was not a politician. The resentment coming from some Ukrainians is that feel that Zelensky is now a puppet to promote war. All he had to do was agree to a ceasefire, yield Donbas which the US has been covertly supporting the civil war, and save Ukraine as a nation. But the refusal to yield Donbas was against the wishes of the West.

The danger here is that the people of Ukraine flip and see that they have been merely a pawn in a proxy war between the West and Russia. This can only get worse for there is no great peacemaker today. I do not like what our computer is forecasting, but I suppose we are just headed into a war that will escalate and will be not something we just watch on TV safe and sound from the real events as if this were another action movie.

Mar 8 2022

Mark Steyn Wraps Up the Weekend in News From Ukraine and NATO


Posted originally on the conservative tree house on March 7, 2022 | Sundance

If you unplugged for any part of the last 72 hours, GBN News Host Mark Steyn will catch you up as he wraps up a weekend of NATO news surrounding Ukraine, Russia and jibberin’ Joe Biden.  WATCH:

Mar 8 2022

The Little Red Lyin’ Twit Says Biden Will Try To Reduce Impact of Rising Oil Prices, but Won’t Unleash U.S. Energy Resources


Posted originally on the conservative tree house on March 7, 2022

White House Press Secretary Jennifer Psaki said today the Biden administration will try to reduce the impact of rising oil prices for American consumers but will not do anything to allow increased production of U.S. energy resources.

Oh, and it’s all Vladimir Putin’s fault, WATCH:

I’ll keep repeating it, because many people just don’t understand the unique nature of our North American position.  Energy resources are nation specific.  Ireland, the U.K, Europe, or Australia, do not have abundant oil and natural gas deposits like the U.S. does.  ANWAR has more oil than Saudi Arabia.

A U.S. president can and does control the price of gasoline.  What can a U.S. President and administration specifically do?  We have abundant U.S. energy resources.  Quite literally the strongest in the entire world.

  • Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized.
  • Finish the Dakota access pipeline.
  • Re-approve the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico.
  • Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada.
  • Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard.
  • Continue to develop natural gas as a clean burning fuel.
  • Drive Liquefied Natural Gas (LNG) as an export.

.Unfortunately, this would mean reversing the entire energy policy of the current administration.  The existing energy inflation and high prices of oil, natural gas and gasoline are a direct and intentional part of Joe Biden’s policy.  That policy is driven by the leftist demand for a “green new deal.”

None of the actions above require any approval from OPEC.  Strategically, the ‘all of the above’ approach enhances U.S. national security and diminishes the influence of Russia, China and Iran.  Within six months of the above, gasoline will plummet.

Mar 7 2022

Russia Disconnecting the Internet to Prevent US Cyber attacks


Armstrong Economics Blog/Russia Re-Posted Mar 7, 2022 by Martin Armstrong

While Cogent Communications, a major internet backbone provider that routes data across intercontinental connections, cut ties with Russian customers. It cited sanctions over the invasion of Ukraine. However, Putin is very strategic and despite the allegations that Russia intervened in US elections which turnout out to be false before the 2020 election Putin took steps in 2019 to protect Russia from American cyberattacks. He conducted tests in June and July to disconnect Russia from the global internet.

Putin chaperoned legislation, known as the “sovereign internet” law, back in late 2019 with the intent to disconnect the internet to protect the country because of what they saw as the “aggressive nature” of the United States’ national cyber security strategy.

All the sanctions that the Biden Administration has taken against Russia are in truth acts of war. Putin is clearly at this point preparing for an all-out war with the United States. The Biden Administration wants war. They have not made any attempt to reduce tensions since taking office.

China holds about $1 trillion in US debt. During the Quantitative Easing, China was reducing the average maturity moving more short-term. China has been taking steps to make its currency transition to a global currency. In order to do that, China had to loosen its peg to the dollar allowing the currency to float to appease forex traders in global markets. China’s economic growth has slowed over the years. However, what is significant in this dispute over Ukraine, as the economy contracts globally, China’s exports have declined thanks to COVID, and as this has taken place, China is also less able to invest in U.S. Treasurys going forward. Thus, the Biden Sanctions are so dangerous to the world economy, that we are looking at STAGFLATION and a decline in trade and debt accumulation by China, and even Japan which remains the largest foreign holder of US debt.

The Biden Administration’s vendetta against Russia for Climate Change and to accomplish the Great Reset, will fail. They have bitten off more than they can chew.