Brian Kilmeade Published originally on Rumble on October 5, 2022
Herschel Walker has been the talk of the news cycle. Now he’s breaking his silence, and he presents evidence for why he’s innocent. Here’s what he has to say in his own words!
Everyone knows by now that Russia is a top exporter of energy. In 2021, 43% of total exports were mineral fuels, and Europe was the primary buyer. Let us take a look at Russia’s other tools of trade:
This list accounted for 68.8% of all global shipments last year. Iron and steel exports rose 80.4% from 2020 to 2021, and fertilizer saw a 78.5% gain. Granted, the pandemic prevented much trade in 2020. Fuel is still in high demand and Asian and Middle Eastern countries have not ceased purchases. We have been braced for the fertilizer shortage that will disrupt food production internationally. Fertilizer is absolutely essential for agriculture, despite the climate zealots’ propositions to reduce its usage.
Interestingly, we see a number of important building materials on this list, such as iron, steel, and wood. These materials are crucial for building, and with the global housing shortage, they are needed more than ever. Russia is also one of the top exporters of gold and is a commodity-rich nation. Expect Russia to sell these items to nations that are not imposing sanctions only for those nations with sanctions to repurchase them at a premium.
Highest generating trade products for Russia (2021):
Here is where Russia falls short, noting their top ten trade deficit products (2021):
If you look at this list, there is a clear opportunity for Russia’s trading partners. While the West is providing Ukraine with machinery, equipment, and military vehicles, other nations are condemned for doing so. Vehicles are down globally, with the semiconductor shortage as one of the culprits. Fruits, nuts, clothing, and knitting accessories can all be easily obtained from Russia’s Eastern trading partners. Pharmaceuticals could present a problem, however, Russia can turn to India for this need. India became one of the world’s largest pharmaceutical exporters in 2021, and they seem more than willing to use their neutral position in this war to benefit economically.
Russia’s exports seem to hold more importance on a grand scale than the products they must import. Sanctions always fail. The winner will be those who remain neutral
Retailers are set to have an excess of inventory this year after the prolonged supply chain crisis. Items were shelved by the time they arrived, and now these retailers must get rid of the excess. Stores such as Amazon and Target announced early holiday shopping discount days for October. A report by CNBC found that ocean freight orders have declined 20%.
HSL Logistics cut vessel capacity by 50% and said that may continue into 2023. Other liners are also confused as to what to expect with consumer demand. Warehouses have previously reported storage problems. The Wall Street Journal reported in August that Prologis Inc, the world’s largest owner of warehouses by the square foot, said they could not currently meet inventory demands. They work with some of the largest corporations, such as Home Depot, Walmart, UPS, FedEx, and more. Prologis estimated it needed an additional 800 million square feet of storage space to keep up with new arrivals. Their 5,800 clients had already requested an average of 138,000 square feet.
Nike announced last week that its inventory grew by 65% during the last quarter alone. Nike Chief Financial Officer Matthew Friend said the excess will have a “transitory impact on gross margins this fiscal year.” I thought that term had been discontinued. Friend went on to say the company will tighten “inventory buys around the world based on some of the risks that could materialize in the second half.”
Expect to see store discounts on items, such as clothing, that have a short shelf life as people no longer want previous trends. Second-hand buyers like TJ Maxx and Burlington Stores will reportedly have better quality items typically not found in their stores. Retailers will be forced to discount items eventually if demand is not strong and are more likely to face losses the longer they hold on to inventory.
Former President Trump has filed a defamation lawsuit against CNN. It is of no surprise that the network repeatedly bashed the president before, during, and after his presidency. Trump’s attorney claims the network “has sought to use its massive influence — purportedly as a ‘trusted’ news source — to defame the Plaintiff in the minds of its viewers and readers for the purpose of defeating him politically, culminating in CNN claiming credit for ‘[getting] Trump out’ in the 2020 presidential election.” Trump is seeking $475 million in damages.
Some believe this may be a publicity stunt as defamation suits are notoriously difficult to win. However, we cannot deny that CNN was running a smear campaign against Donald Trump. They reported on the Steele Dossier, Russian collusion, and other completely fake stories as if they were factual. It seemed as if CNN was running a 24/7 channel designed for the purpose of bashing Trump.
Trump’s lawyer also claimed that CNN told their viewers he was a cult leader, associating his likelihood with that of Adolf Hitler. Under this umbrella, the current White House and every other media outlet should be punished for defamation. Joe Biden himself declared MAGA Republicans the biggest threat to democracy, and violence against conservatives has ensued. Let us also not forget how CNN treated Trump during his debates.
This would be a huge step in the right direction for journalism at large if CNN lost. It is unlikely that CNN will completely lose, but they are in the wrong. Journalism has become nothing more than a tool of propaganda that cannot be trusted.
Kanye says white lives matter, Joe Biden is Puerto Rican, and you’re a homophobe if you don’t want to see a gay sex comedy. We’ll make sense of all of it! We also check in to see how crime is going in NYC only to discover the “Green Goblin Gang.” #whitelivesmatter #kanye #bros
Technician Second Class Zach Loesch, worked on the frontline during Hurricane Ida, risking his life to save others. Biden was told to call numerous rescue swimmers from the US Coast Guard to thank them for their service. “I told him how proud of him I was and thanked him for all the work he and his Coasties are doing to save lives,” Biden said of his call with Loesch in remarks the White House published Friday.
“The President thanked them for saving lives and asked for a report on the work that continues to rescue Floridians. He also asked if they needed any additional support that he can provide to accelerate successful rescues; they indicated they have gotten what they need to execute their vital mission.” Biden failed to even work with DeSantis for hurricane relief efforts. He doesn’t care about Floridians because he knows we are not voting for him.
There is one major thing Biden could do for Zach Loesch and countless others – end the vaccine mandate. Loesch had his religious exemption request denied and will be discharged from the service in 30 to 60 days. I cannot imagine a more disrespectful phone call than hearing the president congratulate you for your heroic work before firing you. Unbelievable.
Even Jeffrey David Sachs, an American economist, has come out and said on TV, as the journalists go nuts, that the US destroyed Nord Stream. Everyone I have spoken to from around the world, including high levels, all believes the US did this and I know there is a think tank that has recommended the US now take out the South Stream through Turkey. This was a formal act of war. Russia sees it that way, as does most of the world. This is an attempt to destroy the economy of Russia where energy accounts for 50% of its GDP. The Biden Administration poses the greatest threat to the United States for this reckless behavior. I’m sure I will get the hate mail from the Democrats. At least lower your COVID mask, and take a deep breath just for once.
QUESTION: Mr. Armstrong; Nobody knows history better than you. Will QE continue if we end up in war? It seems there would be no choice.
Thank you for your very enlightening blog.
PG
ANSWER: Yes. The Fed was “directed” by the White House to carry out QE during World War II. They were to prevent interest rates from rising and the debt rose. That finally led to the Federal Reserve breaking with the White House after the war when they expected it to continue for the Korean War. That is when the Fed asserted its independence.
This time, we may have a different problem. As the war unfolds in Europe, the capital will flee as usual to the States. But the money supply will have to increase because the dollar will become the only viable currency still standing. That is why you are witnessing the pound and the euro collapse. Things will unfold differently this time. The Fed has been raising rates to fight inflation that will fail because this has to do with shortages – not speculation.
The October 3, 2022 Emergency Meeting was closed to public observation by Order of the Board of Governors because the matters fell under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting. That said, the Fed is faced with a triple crisis – liquidity, banking stability, and an inevitable Sovereign Debt Crisis. As interest rates have risen based on domestic inflation rates, simultaneously, the higher rates have undermined both European banks as well as Emerging Markets. The Federal Reserve has become the DEFACTO central bank of the world.
This is a crisis similar in part to 1927 when the European central banks lobbied the Fed to lower rates because of their debt crisis. They lowered rates to accommodate Europe and that was then blamed on the Fed for creating the 1929 boom. This is also why FDR then seized control of the Federal Reserve and move the head to Washington and made the Chairman subservient to the President.
I know so many blame the Fed for everything. They are actually facilitating Congress. The Fed has no control over fiscal spending or the debt level. In the end, it is really the debt that has become the money supply that simply pays interest.
There was no US paper money before the Civil War. The first issues of paper money were actually a hybrid bond – they paid interest. The term “greenback” developed for “demand notes” that came later as the cost of the war rose. They no longer paid interest so what was on the back was just green ink – no interest rate table to show what the note was worth.
I will be doing a full report on this subject for the WEC. It is complex, yet exceptionally interesting for what we face.
QUESTION #1: I live in the US. When the sovereign debt explodes, and I will “own nothing “, does that mean that any car, house or property that has a loan on it will become the property of the bank and or government? Does it mean property that is paid off and I hold the title or deed will be taken from me and I will have to pay “rent” to hold on to it? Please answer by my email or on one of your blogs.
Thanks for all you do.
MH
QUESTION #2: Would you ever consider running for politics? Your experience towers over everyone out there.
BB
ANSWER: No, I am not interested in getting into politics. I have always preferred to be standing behind the curtain. If I ever stepped in front, they would quickly figure out a way I could commit suicide with a remote rifle 100 yards away and you can bet the media will say absolutely!
Now insofar as the sovereign debt default, we are looking at governments collapsing which will take down banks that must retain reserves in government bonds. Klaud Schwab is an academic. He has ZERO real-world experience. His ideas will collapse just like Marx for the one element both ignore is human nature. It cost over 200 million lives for Marx to get his theory in place. Communism collapsed because without curiosity and freedom to explore, talk, and think, all advancement of society comes to an end.
Schwab’s idea will fail because the setup is different this time. Marxism succeeded because in Russia serfdom ended only during the 1860s. Therefore, the common people DID NOT own anything and it made sense to raid the rich. This time, people own houses and cars, and they save with pensions and to help their children. This time the common people would have to surrender all their assets so Schwab’s Marxist theories can be implemented.
It is a whole different board game this time around. Our computer has NEVER been beaten by anyone, even me. It sees the future because it is monitoring everything. So while people argue over what they “think” will happen, Socrates just plugs away and lacks that human emotion that interferes with objectivity.
The 30-year bond elected a major long-term Quarter Bearish Reversal on target. This confirms the long-term outlook that we had warned back at the high that we were establishing a 5,000-year low in rates (high in bond prices). The sell signals on bonds at the end of September are very profound. This is also why you have witnessed Klaus Schwab telling everyone you will own nothing and be happy because what he is really saying is that all debt will be wiped out trying to make it sound like they are doing this for you when it is the next sovereign debt default in history.
The last Sovereign Debt Default was 1931 when Europe, South America, and Asia defaulted. Even Britain went into a moratorium on debt payments. Our models turned up on this level in March 2021 and the next Sovereign Debt Default on a grand scale is likely to unfold by 2025.
The Quarterly closing was a confirmation that we are looking at both a liquidity crisis in addition to a banking crisis that is most likely with an epic center in Europe.
Here is the Yearly Chart from 1798 to 2015 that we published back in 2016. The peak came precisely during the 1st Quarter of 2020 with the major turning point on the ECM 2020.05 reaching 191.69 on the 30-year bond. We will be focusing on this triple crisis of liquidity, banking, and Sovereign Debt Crisis at the WEC on November 11-13th, 2022.
As I have said many times, what bottoms or peaks with the ECM major turning points is typically very profound. That has been vindicated once against by the bond market peaking the first quarter of 2020 with the turning point. We have entered the STAGFLATION mode since March 14th as we head into April 2023.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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