Poland & Germany Offer to Buy Energy from Russia for 2023


Armstrong Economics Blog/Russia Re-Posted Dec 26, 2022 by Martin Armstrong

Russia’s Transneft has received applications from Poland and Germany to pump oil for the first quarter of next year, despite reports of unwillingness to continue deliveries. Nikolai Tokarev, president of Transneft, said on the air of the Rossiya-24 TV channel. “They announced that they would not take oil from Russia from January 1. Now we have received applications from Polish consumers asking for 3 million tons next year, and 360,000 tons for December, and Germany has already submitted an application for the first quarter, he said.

On December 12, the Polish Cabinet called for the introduction of ‘full, comprehensive sanctions without exceptions’ against Russia, including ‘comprehensive sanctions against the northern pipeline (Druzhba).’

“If this does not happen, then we will continue discussions together with the [Orlen] concern, or the concern will decide what to do next with the commitments already made,” Anna Moskva, minister of Climate and Environment of Poland, who is responsible for energy issues, told reporters.

We have to wonder if the Politicians in Germany and Poland are starting to fear civil uprising if people have no heat.

Manhattan Judge Sets $250 Million Bond and House Arrest for FTX Founder Sam Bankman-Fried


Posted originally on the CTH on December 22, 2022 | Sundance

FTX Founder Sam Bankman-Fried waived an extradition fight and U.S. Marshals flew him from the Bahamas to New York late Wednesday night.  Appearing in a Manhattan court today, the judge set bail at $250 million and permits SBF to remain under house arrest at his parent’s California home until trial begins.

Additionally, it was revealed that Carolyn Ellison, 28, the former chief executive of Bankman-Fried’s trading firm, Alameda Research, and Gary Wang, 29, who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud.  Both are cooperating witnesses with the prosecution against the FTX founder.

New York – The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday.

Assistant U.S. Attorney Nicolas Roos said in U.S. District Court in Manhattan that Bankman-Fried, 30, “perpetrated a fraud of epic proportions.” Roos proposed strict bail terms, including a $250 million bond and house arrest at his parents’ home in Palo Alto, California.

An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said.

Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse.

[…] Prosecutors and regulators contend that Bankman-Fried was at the center of several illegal schemes to use customer and investor money for personal gain. He faces the possibility of decades in prison if convicted on all counts.

In a series of interviews before his arrest, Bankman-Fried said he never intended to defraud anyone.

Bankman-Fried is charged with using money, illicitly taken from FTX customers, to enable trades at Alameda, spend lavishly on real estate, and make millions of dollars in campaign contributions to U.S. politicians. (read more)

Tucker Carlson Interviews Michael Shellenberger on Twitter File #7 Release – The FBI’s 2020 Political Operation


Posted originally on December 20, 2022 | sundance | 

During a broadcast this evening, journalist Michael Shellenberger gives a good encapsulation of his review of the Twitter Files {Direct Rumble Link}.

As noted by Shellenberger the FBI running internal domestic political operations against the American public should be the subject of a serious investigation. The problem becomes, when the national law enforcement agency is running corrupt political operations, who is left to investigate the FBI? WATCH:

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Biden – The Worst President in History?


Armstrong Economics Blog/Opinion Re-Posted Dec 17, 2022 by Martin Armstrong

I really question his wife. How she could allow Biden to run for President when she knew his mental state unless she is in the same category? I feel sorry for him because he is just a patsy as was Lee Harvey Oswald. He is not the one making these decisions. He just reads the cue cards and signs whatever they put in front of him.

N.Y. residents work to expose election fraud


One America News Network Published originally on the CTH on December 9, 2022

A team of concerned New York volunteers say they are working to restore election integrity to the Empire State. One America’s New York Correspondent Caitlin Sinclair has more.

Senator Kyrsten Sinema Leaves Senate Democrats


Armstrong Economics Blog/Politics Re-Posted Dec 9, 2022 by Martin Armstrong

Arizona Sen. Kyrsten Sinema has courageously announced today that she has left the Democratic Party and has registered as an independent. What is so impressive is that she is calling out the absolute corruption in our political system. She stated that she was abandoning the Democratic Party and turning her back on the “broken partisan system in Washington” that prioritizes denying the opposition party a win rather than “delivering for all Americans.

This is precisely what I warned at the WEC. It no longer matters what anyone says that they stand for in either party. When they get to DC, they are told they will vote however the Party tells them to vote. You can run for or against Abortion or save the whales. When you get there, all that means nothing.

She is absolutely correct and this is the very reason the United States is collapsing. When Biden came to office, he went out of his way to reverse everything Trump did regardless if it was correct or not. Washington has simply become a political war where one side must vote against whatever the other wants. This has degenerated into simply war and it is no longer about the people or the country. It is about voting against whatever the opposition wants.

We need to return to this spirit of independence where a candidate actually does what they claim they stand for. As it is right now, all we have is a bunch of monkeys who need no brains and never have to do what they say they stand for because they just raise their hand when told to do so. We need to return to real Independents who will vote for what they actually run for.

Flirting With the End Times?


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

QUESTION: You have said you have backtested your ECM into ancient times. Have these cycles been consistent? Have you arrived at a conclusion as to why?

Thank you. It was a great WEC. I for one always lean a lot.

EL

ANSWER: Yes, I have reconstructed the monetary system of the world using the coinage so it is possible to actually backtest to see how these cycles have prevailed for millennia. The debasement of the silver coinage. The reforms of Diocletian and how the bronze follis declined once more.

No matter where you look, you see the steady unfolding of a decline and fall of the monetary system. These people who think a return to the gold standard will somehow prevent corruption or inflation are just living in a dream world. When money was just a coin, inflation still existed. You cannot escape this – EVER!

My next book is to get this out ASAP. Here, I have backtested the model and I believe that this incorporates everything from climate, war, and human nature that is behind the rise and fall of civilizations throughout history. Naturally, academics will be against it because they do not want to accept that there is any regularity to the business cycle for that means that government does NOT have the power to manipulate society as Marx and Keynes told them.

We are clearly flirting with the end times insofar as the decline & fall of Western Culture. I have traced this back to ancient times and its regularity has been impressive.

Even the collapse of the Bronze Age Civilization was two times the 31.4-year intervals of the 51.6-year wave. You can feel it. We are tearing everything that held society together apart at the seams. Civilizations rise when everyone benefits. They fall when one group begins to exploit another. That is what is taking place right now.