Financial Crisis of 2023


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 17, 2023 by Martin Armstrong

QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes” because they bailed out the depositors. Yet Carl Icahn seems to agree with your saying that the U.S. economy is at a breaking point because of inflation. He said, “every hegemony has been destroyed by inflation.”

Very few so-called billionaires seem to understand what’s at stake. It makes me think they were just lucky in how they made their money. After Griffin’s comment, I would not be inclined to invest in Citadel. Then a group of banks is talking about depositing $20 to $30 billion to save Republic bank.

Is there any hope for the future when leadership is absent in these times of chaos?

UT

QUESTION #2: Thanks for everything you do. At the WEC, you warned about banks and even the big funds. The turning point was at the end of January here in 2023. Is it possible that this financial crisis will be the major factor even overpowering war when the ECM comes into play by April 10th?

CW

ANSWER: Anyone who does not understand that inflation is a natural occurrence when you get into a war is clearly not a student of history and has no business being the CEO of even the head local dog-catcher. The Roman deity Janus, after whom January is named, was the two face entity who looked at the past and the future. The doors to his temple would be closed when there was peace. That symbolized that nothing was at risk of changing. However, in times of war,  they would leave the doors open to symbolize the uncertainty of war that the spirits could flow in and out.

Only today, do we seem to no longer respect that the cost of war is both lives lost and inflation for those who survive. This Ukrainian Proxy War serves no purpose. Winning or losing will have ZERO impact on our national security or the future of the people. This is simply a grudge match instigated by the Neocons who perpetually love war as long as someone else is dying for their personal goals. To them, it is nothing more than watching a war on CNN and cheering as if it were a football game.

I have said that this war will undermine the entire US economy and that is now manifesting in the Financial Crisis of 2023 which will be far worse than any of these people expect. The lack of experience and the stupidity of those who remark that capitalism is collapsing because they are honoring the depositors is absurd. A depositor has NO WAY of understanding the financial status of a bank until it is too late. They receive no warning and yet there are those who say they should suffer the losses because that is capitalism.

Sorry, but that has NOTHING to do with capitalism. It is no different than FRAUD soliciting money with a false pretense. Investing in a hedge fund like Citadel is different from a bank. Depositors in a hedge fund know they are investing their money and they are getting a piece of that return. That is capitalism. Someone who has a bank account where their social security check is automatically deposited took on no such risk. Sorry – that is different that a hedge fund that goes bust.

The problem we have is that the ECM turning point is April 10th. Yet it is also the Pi Target from the fall of the USSR and the birth of even Ukraine. We just had Poland losing their mind and sending jets to Ukraine. That makes Poland a viable target for war. Poland is irresponsible given the fact that the Ukrainians slaughtered over 300,000 of them and has refused to ever apologize for their WWII Nazi involvement.

We have a problem here with the Financial Crisis simultaneously with important cyclical targets regarding war. Any personal interpretation I can offer is just a personal opinion. Both trends are colliding into April and this may be a two-prong panic of unprecedented significance.

Mining Expansion for Green Energy


Armstrong Economics Blog/Uncategorized Re-Posted Feb 15, 2023 by Martin Armstrong

MiningWatch Canada is estimating that 3 billion tons of mined metals and minerals will be needed to power the energy transition. All of this nonsense for climate change means that mining for minerals will escalate dramatically. There will be an incredible expansion in the mining industry for six critical minerals: lithium, graphite, copper, cobalt, nickel, and rare earth minerals. What is really just insane is that even if this green energy were to last, over the next 30 years, we will have to increase the production of these minerals consuming more that all the past generations combined.  Our What-If models project copper at 9-10 by 2028 shutting down fossil fuels.

Ukraine will Used the Weapons to Attack Moscow – They Lied


Armstrong Economics Blog/Ukraine Re-Posted Feb 5, 2023 by Martin Armstrong

To get the weapons for massive destruction, Zelensky lied and promised that the weapons would not be used to target Moscow. Kiev’s forces will not hold back when it comes to hitting locations inside Russia, according to Fyodor Venislavsky, a member of the Ukrainian parliament’s National Security, Defense, and Intelligence Committee. Speaking to Germany’s Bild tabloid on Saturday, he also described Moscow as a “legitimate military target.” The West is arming Ukraine for long-range missile attacks on Moscow. Putin and the hardliner will now have NO CHOICE and will be fully justified in nuking Ukraine to end the war the same way the United States nuked Japan.

The corruption in the Western media is astonishing. This is not being reported in the USA or Europe. It is being reported in the Middle East and in Russia. The international fake news organization, Trusted News Initiative (TNI), a consortium to control all the mainstream Western Media, is promoting World War III and we are to be told Russia is evil and we must go to war to destroy every individual Russian on the planet. There is no longer any independent journalism left. I had learned in grade school history class that the media created the Spanish American War. Pulitzer later felt guilty and donated his assets to Columbia University to hand out awards for journalists when Pulitzer was the father of yellow journalism and sheer corruption.

This is ABSOLUTELY what our world leaders want to take place. In their view, Gates has convinced them that there are just too damn many of us and they cannot pay for all the pensions. It’s time to thin the herd. They need war to reduce the population and eliminate the debt crisis.

For all of those who support Zelensky and hate all Russians or at least buy the bullshit propaganda about Putin, take a last look at your children and grandchildren You are condemning them to a future that may not even exist. Your stubbornness and refusal to look at the truth have emboldened our World leaders to steer us directly into world war III. I have had Ukrainian employees on both sides from Kiev (Its original Russian spelling) and Donetsk. I have had experience with Ukraine and they are DESPISED by all their neighbors for they are the remnant of Hitler’s Nazis. The wheel of fortune has completed its revolution. We are now supporting the Ukrainian Nazis Ethnic cleansing operation of the Donbas.

Now, former President of France Hollande has come out and confirmed that they negotiated in bad faith to create the Minsk Agreement ONLY to buy time for Ukraine to build its army to start World War III. Hollande has come out and also confirmed there is no interest in peace, this is to destroy Russia – plain and simple. This will end ONLY when Russia fails. There absolutely no reason for China or Russia to negotiate with Europe or the United States when they NEVER keep their word. Treaties mean absolutely nothing anymore and that necessitates World War III for there is no other solution.

I warned before, Zelensky was put in place to start World War III. I publish that Zelensky was intent on creating World War III in February 2022.

President Trump also Watching RGA for Background Moves in 2024


Posted originally on the CTH on February 2, 2023 | Sundance

Of course, he is.  President Trump is not only running against the Democrat candidate in 2024, likely Newsom, but he’s also running against the Republican establishment candidate in 2024, most certainly DeSantis.

As such, President Donald Trump is noting the same strategic plays that we are.  Fortunately, he’s keeping an eye on how the Republican Governor’s Association (RGA) is intending to execute their anti-MAGA moves against the base working-class voters. [Trump Truth]

[Background Article]

Again, for emphasis, despite accusations and ridiculously unfounded assertions, I have no affiliation or contact with anyone in/around the campaign.  However, as with the prior election(s) in ’08 (McCain), ’12 (Romney), ’16 (Jeb!), and 2020 (Biden), the republican establishment roadmap is complex in a Machiavellian way, yet easy to spot if you know their objective. [Prior Resource Article on RGA ‘2022 Background Moves Here]

It is affirming to see that President Trump is watching these same tripwires as they are triggered.

As soon as Ron DeSantis makes his ’24 announcement (likely May, June or July – but he will be the last to enter), it will be the RGA who trigger the first wave of attacks against the MAGA base of voters.  Together with the controlled GOPe field, they will trigger a sequential process for republican governors to align with DeSantis.

Ahead of the DeSantis announcement, those who are aligned with the playbook will start to come in next, beginning with Nikki Haley on February 15th.  Each will have a billionaire donor class financier assigned to their specific SuperPAC support system.   I would expect Chris Sununu to quickly follow Haley.

(National Rifle) […] The Republican Governors Association (RGA) donated almost $21 million to the Friends of Ron DeSantis PAC, a massive war chest that politicos believe the Florida Governor will use to take on Trump in 2024, with the backing of the GOP establishment.

Over the year and a half that the RGA was dumping millions into the Friends of Ron DeSantis PAC, they gave zero dollars to Doug Mastriano, the Trump-endorsed Republican nominee for Governor of Pennsylvania, effectively surrendering the pivotal state to Democrats. (more)

I also suspect, nothing but a hunch based on research, that Kristi Noem may have rejected the early entreaties from the professional Republicans who are coordinating the roadmap.  If she didn’t reject something, the DeSantis crew would not be attacking her so hard.  If my hunch is correct, this position could make Noem a wildcard.

Military Surveillance Critics During COVID


Armstrong Economics Blog/Tyranny Re-Posted Jan 31, 2023 by Martin Armstrong

Evidence is surfacing that the military was engaged in domestic surveillance in Britain as well as Canada of anyone who was a critic of the COVID lockdowns. It is very clear that there was no historic precedent whatsoever for locking down all of society for a virus that was not even lethal beyond the normal flu virus. All the data coming out on the fatalities and injuries surrounding the vaccines is another issue altogether.

There, the conspiracy theories have suggested that Pfizer has been behind a plot to actually reduce the population which has been a pet project of Bill Gates. It certainly does not do well for society as a whole when our fearless leaders hand absolute immunity to Pfizer to actually kill or maim as many people as they desire all because they did not take the time to really test their vaccines. I choose not to be vaccinated simply because once the government got involved by mandating, there was something seriously wrong and I have spent enough time behind the curtain I know politicians earn a couple hundred grand a year but manage to retire as multi-millionaires. Once the government gets involved, never trust anything. They do not prosecute themselves.

As far as the surveillance is concerned, they have no doubt assembled lists of those of us who resist the tyrannical decrees of the government. Those who resist being mindless drones are a threat to the survivability of the government. Hence, the lockdowns were a perfect way to sort out those who have a brain, and others who are just gullible and think the government is the adult version of Santa Claus. We are all on some secret list, that much we can count on. It has never been a Government of the People, but a Government Against the People as history has always shown for 6,000 years. It’s just all part of 2032.

The Good News Nuclear War Will Save the Planet


Armstrong Economics Blog/Energy

Posted Jan 24, 2023 by Martin Armstrong

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Most of these people like Al Gore, Kerry, the mainstream media, Rhinos, democrats, and Bill Gates seem to actually believe in climate change for they are displaying the most stupid form of analysis invented by the lowest possible intelligence level of society. Hey, it’s warmer today than when I was a kid so we must be causing it. There has been ZERO research into climate on any of their parts to even test their theory. They all project that we are headed toward an environmental Armageddon if mankind does not immediately end fossil fuels. Not a single one has bothered to even consider that switching to electricity curiously makes society extremely vulnerable. If I were China looking to take down the West, I would be pushing this agenda at light speed. The first thing you do is take down the power grid and society will crumble in less than 72 hours. Using digital currency would mean you could not buy anything. Without an electric car you would be forced to walk to a store that then could not sell you anything without electricity and no new supply of anything would be able to move so there goes the supply chain – again.

The GOOD NEWS is you can then just nuke your opponent and actually save the planet all at the same time. Without electricity, your opponent could not even make a phone call to launch a response. But if we look at Chornobyl, the nuclear disaster restored the region which became a sanctuary for animals void of humans.

Bikini Atoll 70 years after nuclear tests is thriving. On July 24, 1946, Baker Test shrouded its formidable height over the U.S. Navy’s test fleet. The United States dropped 23 nuclear bombs on the island, including a device in 1954 that was 1,100 times larger than the Hiroshima atom bomb. Now a team of scientists from Stanford University has been stunned. They discovered an abundance of marine life apparently thriving in the crater of Bikini Atoll, which was declared a nuclear wasteland after the bombings.

Strangely enough, the same has been found at Chernobyl in Ukraine. It is starting to emerge that even setting off every nuclear bomb will not destroy the planet or turn Earth into space rocks. We can alter our environment by doing so and ridding the planet of humanity as the dominant species, but Earth will heal itself and life will adapt exactly as scientists have discovered in Ukraine at the site of Chernobyl. Wildlife has thrived because it sent humans running.

This new evidence emerging from Chernobyl and Bikini Atoll is demonstrating that we just may not be as smart as we think we are no less all-powerful. Obviously, the WEF and world leaders who are all pushing for World War III, are obvious far smarter than we are. They are really trying to save the planet from us. Exterminate humanity and we can save the bugs and crickets from becoming our next food source.

The Real Cost of War


Armstrong Economics Blog/War Re-Posted Jan 6, 2023 by Martin Armstrong

COMMENT: Good Morning Mr. Armstrong, a long-time reader and client of Socrates and your conferences. I just read your entry for Belarus drafting 18 to 60-year-olds. I had a feeling that eventually, that would take place here in the states. I can tell you without a doubt, I will never comply. My family has served in WWII and Vietnam. We have given enough. I absolutely despise our government. I am wondering if this is part of the continued collapse of the government. With such low recruitment levels and the political fallout from the past few years, they must realize people will not be forced to serve. Especially those with the means to defend themselves. Is this a main component of civil unrest here with separatist movements? Just curious if you can elaborate on what you think will happen when they institute a draft here.
All the Best.

J

REPLY: My family has fought in every war since the American Revolution. My cousin still has the musket on his wall from the American Revolution. I lost half of my high school friends to Vietnam and my father and his three brothers were all in World War II and my grandfathers on both sides of the family were in World War I. There is no question that in a time of war, the first shot fired is both silent and never against an enemy. It is always against any truthful reporting of events.

The Defense Casualty Analysis System (DCAS) Extract Files contain records of 58,220 U.S. military fatal casualties of the Vietnam War. The government propaganda site, Wikipedia also directed by the Deep State, has low-balled the casualties claiming in total, all US and allied military deaths reached 282,000. We claim that is a victory for the VC lost 444,000 to possibly 666,000. The civilians who died have been low-balled with estimates of 405,000 up to 627,000. Just turn to Britannica and you get:

“In 1995 Vietnam released its official estimate of the number of people killed during the Vietnam War: as many as 2,000,000 civilians on both sides and some 1,100,000 North Vietnamese and Viet Cong fighters.”

President Lydon Johnson knew there was no reason to enter Vietnam. He knew we could not get out easily. Still, he committed the country to war because the Neocons wanted it.

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This is a famous photograph from Vietnam that is probably the most memorable of all time. You see South Vietnamese forces following terrified children. At the center is 9-year-old Phan Thi Kim Phùc, as she and other children are running from an aerial napalm attack on suspected Viet Cong hiding places on June 8, 1972. The plane accidentally dropped napalm on South Vietnamese troops and civilians. As always, just the collateral damage of war. The terrified girl had ripped off her burning clothes while fleeing. This photo was taken by Nick Ut of The Associated Press that captured the horror of Vietnam worldwide. It was 1972 when President Nixon said enough and promised to bring the troops home.

This 9-year-old make girl running from napalm, Phan Thi Kim Phúc, had profoundly changed her forever. Such people are tormented for a lifetime. They wake up at night dreaming over and over about the horror of those events for the rest of their lives. Kim Phúc was bitter and full of hatred she said. Later, she picked up the Bible and converted to Christianity. Today, she lives in Toronto with her family and helps other children victims of war around the world. It is those who survive who are profoundly tortured for the remainder of their lives. That is the real cost of war that nobody cares about.

The official estimate of civilian deaths in World War II stands at a total of 70–85 million. The actual military deaths were 21,000,000 to 25,500,000. There is ALWAYS an equal amount of civilian deaths in times of war. Those in power never want to talk about that.