Global COVID Summit Declaration IV


A Joint Statement, representing 17,000 Physicians and Medical Scientists to End the National Emergency, Restore Scientific Integrity, and Address Crimes Against Humanity

Robert W Malone MD, MS22 hr ago1,516104

The time is now. As most readers of this substack are now well aware, this is not just about COVID. The constitution hangs in the balance. Please help us to get these messages spread far and wide. The 17,000 Physicians and Medical Scientists in our organization, who are not financially conflicted and remain committed to the Hippocratic Oath, are doing our part. Now we ask that you help us to help you. We need your help.

https://globalcovidsummit.org/news/declaration-iv-restore-scientific-integrity

Alternative link


Global COVID Summit, Declaration IV

A Joint Statement, representing 17,000 Physicians and Medical Scientists 

To Restore Scientific Integrity

17,000 Physicians and Medical Scientists Declare that the State of Medical Emergency must be lifted, Scientific integrity restored, and crimes against humanity addressed.


17,000 physicians and medical scientists declare that the state of medical emergency must be lifted, scientific integrity restored, and crimes against humanity addressed.

We, the physicians and medical scientists of the world, united through our loyalty to the Hippocratic Oath, recognize that the disastrous COVID-19 public health policies imposed on doctors and our patients are the culmination of a corrupt medical alliance of pharmaceutical, insurance, and healthcare institutions, along with the financial trusts which control them. They have infiltrated our medical system at every level, and are protected and supported by a parallel alliance of big tech, media, academics and government agencies who profited from this orchestrated catastrophe.

This corrupt alliance has compromised the integrity of our most prestigious medical societies to which we belong, generating an illusion of scientific consensus by substituting truth with propaganda. This alliance continues to advance unscientific claims by censoring data, and intimidating and firing doctors and scientists for simply publishing actual clinical results or treating their patients with proven, life-saving medicine. These catastrophic decisions came at the expense of the innocent, who are forced to suffer health damage and death caused by intentionally withholding critical and time-sensitive treatments, or as a result of coerced genetic therapy injections, which are neither safe nor effective.

The medical community has denied patients the fundamental human right to provide true informed consent for the experimental COVID-19 injections. Our patients are also blocked from obtaining the information necessary to understand risks and benefits of vaccines, and their alternatives, due to widespread censorship and propaganda spread by governments, public health officials and media. Patients continue to be subjected to forced lock-downs which harm their health, careers and children’s education, and damage social and family bonds critical to civil society. This is not a coincidence. In the book entitled “COVID-19: The Great Reset”, leadership of this alliance has clearly stated their intention is to leverage COVID-19 as an “opportunity” to reset our entire global society, culture, political structures, and economy.

Our 17,000 Global COVID Summit physicians and medical scientists represent a much larger, enlightened global medical community who refuse to be compromised, and are united and willing to risk the wrath of the corrupt medical alliance to defend the health of their patients.

The mission of the Global COVID Summit is to end this orchestrated crisis, which has been illegitimately imposed on the world, and to formally declare that the actions of this corrupt alliance constitute nothing less than crimes against humanity.

We must restore the people’s trust in medicine, which begins with free and open dialogue between physicians and medical scientists. We must restore medical rights and patient autonomy. This includes the foundational principle of the sacred doctor-patient relationship. The social need for this is decades overdue, and therefore, we the physicians of the world are compelled to take action.

After two years of scientific research, millions of patients treated, hundreds of clinical trials performed and scientific data shared, we have demonstrated and documented our success in understanding and combating COVID-19. In considering the risks versus benefits of major policy decisions, our Global COVID Summit of 17,000 physicians and medical scientists from all over the world have reached consensus on the following foundational principles:

  1. We declare and the data confirm that the COVID-19 experimental genetic therapy injections must end.
  2. We declare doctors should not be blocked from providing life-saving medical treatment.
  3. We declare the state of national emergency, which facilitates corruption and extends the pandemic, should be immediately terminated.
  4. We declare medical privacy should never again be violated, and all travel and social restrictions must cease.
  5. We declare masks are not and have never been effective protection against an airborne respiratory virus in the community setting.
  6. We declare funding and research must be established for vaccination damage, death and suffering.
  7. We declare no opportunity should be denied, including education, career, military service or medical treatment, over unwillingness to take an injection.
  8. We declare that first amendment violations and medical censorship by government, technology and media companies should cease, and the Bill of Rights be upheld.
  9. We declare that Pfizer, Moderna, BioNTech, Janssen, Astra Zeneca, and their enablers, withheld and willfully omitted safety and effectiveness information from patients and physicians, and should be immediately indicted for fraud.
  10. We declare government and medical agencies must be held accountable.

World Government Summit Introduces the New Financial World Order – The Intent of the Digital ID That Follows the Vaccination Passport


Posted originally on the conservative tree house on March 31, 2022 

The World Government Summit 2022 took place on March 29 and 30 in Dubai, hosting more than 4,000 individuals from 190 countries including senior government officials, heads of international organizations, and global “experts.”   The invited participants presented ideas and worldviews from within their various fields of specialty.

One presentation that needs to be highlighted was from Dr. Pippa Malmgren, an American economist who served as special advisor on Economic Policy to President George W. Bush.

Her father, Harald Malmgren, served as a senior aide to US Presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Gerald Ford.   In this segment, Mrs. Malmgren says the quiet part out loud.  Yes, they are no longer hiding the construct; indeed, as you will hear they are saying quite openly what the future will look like.  WATCH (2 minutes):

[Full Source – 6 hours (internal segment at 18:30)]

Transcript – Dr. Malmgren: “What underpins a world order is always the financial system. I was very privileged. My father was an adviser to Nixon when they came off the gold standard in 71. And so, I was brought up with a kind of inside view of how very important the financial structure is to absolutely everything else.

And what we’re seeing in the world today, I think, is we are on the brink of a dramatic change where we are about to, and I’ll say this boldly, we’re about to abandon the traditional system of money and accounting and introduce a new one. And the new one. The new accounting is what we call blockchain.

It means digital, it means having a almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens.

In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money. But also this new money will be sovereign in nature. Most people think that digital money is crypto, and private. But what I see our superpowers introducing digital currency, the Chinese were the first the US is on the brink, I think of moving in the same direction the Europeans have committed to that as well.

And the question is, will that new system of digital money and digital accounting accommodate the competing needs of the citizens of all these locations, so that every human being has a chance to have a better life? Because that’s the only measure of whether a world order really serves!”

The entry into a digital currency, needs a digital identity.

The end goal of a digital currency is why western political leaders have not been worried about following the COVID-19 spending demands from the World Economic Forum. {Go Deep}

When the global trade currency does not need to be pegged to anything to determine value, it is completely fiat.  This is the current problem with global trade and transactions taking place in U.S. dollars, which arbitrarily lifts the standard of life for Americans while providing no similar benefit to other nations. That view became the underlying motive for Osama Bin Laden to target the World Trade Center, twin towers.  That view was/is also the perspective carried by Barack Obama, that lay behind his “fundamental change” statement.

A digital currency allows ultimate control on a global basis by a one world government, or western system of collective governments, that can assign value.  No other mechanism will have as much control over the life of a person than a digital currency that will create a system of transactional credits and debits, perhaps also influenced by your social credit score.

The digital currency requires a digital identity in order for apportionment based on your value to society.  This is essentially an extension of the Fabian mindset into the world of financial transactions and monetary evaluations.  Fabians believed that some form of socioeconomic tribunal would be needed in order for each citizen to be quantified according to their “worth” to society.  The Chinese social credit score is a variant of that same concept.

The phrase “you didn’t build that,” when espoused by former President Obama and current Senator Elizabeth Warren is also based on this collective worldview. Both believe that individuals do not succeed independently, but rather gain their ability to grow wealth by using the resources of the larger society, infrastructure, labor and education.  The phrase “it takes a village” to raise a child, as espoused by Hillary Clinton is another variant of the same collective advocacy.

A digital currency and digital identity is not a conspiracy theory, these “global leaders” are explaining it to us out loud.  However, I am concerned that most will not hear it, or understand it, until it is too late.

Remold it nearer to the hearts desire”

Or

Build Back Better

Same/Same

Biden Out to Destroy the US Financial Markets – Tomorrow


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Mar 27, 2022 by Martin Armstrong

The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war.

With World War III, they will call upon patriotism to get through not just their BUILD BACK BETTER agenda but to install a full-blown Marxist agenda. They need WWIII to justify significant tax changes that will be introduced tomorrow.

Tomorrow will be D-DAY in the Financial Markets. Not only will they introduce ECASH which will create the digital currency NOT issued by the Federal Reserves, but by the Treasury. Now there have been the haters of the Federal Reserve because they do not understand the entire purpose of Elastic Money and that the Fed has been independent of the White House. For the Treasury to issue the digital dollar means that the power to create money will shift from the Federal Reset to the White House. On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money.

That is just one assault on the financial system. The next is the Minimum Billionaire’s Tax to be set to 20%. Most people will cheer on taxing the Billionaires. But what is also in this proposal is Elizabeth Warren’s dream of Marxism come true. The “definition” of income will include UNREALIZED gains. That means that people who started major companies like Tesla, Google, Amazon, Apple, Microsoft, and so on, will be forced to sell their stock to just raise money to pay 20% of that UNREALIZED gain. They are cheering that they expect to raise $360 billion from this alone and have no idea that such a proposal can crash the stock market and undermine everyone’s pensions because of their hatred of the rich.

The UNREALIZED tax will eventually be expanded down to everyone. The Income-tax began the same way – it would only apply to millionaires back then. The UNREALIZED taxation will work similar to gambling where you pay tax on your gains, but no credit for losses. So if you buy a stock, it triples and you make $1 million, you will have to pay $200,000 to the Feds so you will be forced to sell at least some stock and as the price declines, so be it. You are taxed on where it was at the end of that period – no credit for the decline. Then next year, you will pay 20% again on what is left until the entire gain is paid in taxes and you will be left with NOTHING.

Blog/The Hunt for Taxes

Posted Mar 27, 2022 by Martin Armstrong

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The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war.

With World War III, they will call upon patriotism to get through not just their BUILD BACK BETTER agenda but to install a full-blown Marxist agenda. They need WWIII to justify significant tax changes that will be introduced tomorrow.

Tomorrow will be D-DAY in the Financial Markets. Not only will they introduce ECASH which will create the digital currency NOT issued by the Federal Reserves, but by the Treasury. Now there have been the haters of the Federal Reserve because they do not understand the entire purpose of Elastic Money and that the Fed has been independent of the White House. For the Treasury to issue the digital dollar means that the power to create money will shift from the Federal Reset to the White House. On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money.

That is just one assault on the financial system. The next is the Minimum Billionaire’s Tax to be set to 20%. Most people will cheer on taxing the Billionaires. But what is also in this proposal is Elizabeth Warren’s dream of Marxism come true. The “definition” of income will include UNREALIZED gains. That means that people who started major companies like Tesla, Google, Amazon, Apple, Microsoft, and so on, will be forced to sell their stock to just raise money to pay 20% of that UNREALIZED gain. They are cheering that they expect to raise $360 billion from this alone and have no idea that such a proposal can crash the stock market and undermine everyone’s pensions because of their hatred of the rich.

The UNREALIZED tax will eventually be expanded down to everyone. The Income-tax began the same way – it would only apply to millionaires back then. The UNREALIZED taxation will work similar to gambling where you pay tax on your gains, but no credit for losses. So if you buy a stock, it triples and you make $1 million, you will have to pay $200,000 to the Feds so you will be forced to sell at least some stock and as the price declines, so be it. You are taxed on where it was at the end of that period – no credit for the decline. Then next year, you will pay 20% again on what is left until the entire gain is paid in taxes and you will be left with NOTHING.

Video Player

01:22

05:06

They always target the rich to justify the tax and then extend it down to everyone. Janet Yellen tried to bullshit everyone lowering reporting every transaction down to $600 claiming they were after billionaires. They always count on people just being stupid.

The ONLY way to avoid this disaster of a 20% wealth tax, which would apply even to your home, is you can no longer invest. But it also means you should NOT take your company public or expand it for you will be punished for doing so.

Everyone will have to become a trader. So to avoid paying endless taxes on the value of your home thanks to inflation is to sell it and rent from Larry Fink at Blackrock, who is on the board of guess who – Kaus Schwab’s World Economic Forum. So in the end, Biden is ushering taxes to force you into YOU WILL OWN NOTHING AND BE HAPPY. Fink will be exempt for it is owned by a fund.

Yes, a number of people have asked in Fink is a subscriber to our model after he came out and said globalization is dead, I have no idea but I would NOT advise Fink anymore than I would Advise Schwab. The only question I would ask is why the hell are you trying to destroy the world economy? Investing in Blackrock emerging markets you better get out before it’s too late. These people have destroyed the world economy in just 8.6 weeks come the week of April 18th.

So while Biden calls for a regime change in Russia where he said: “For God’s sake, this man cannot remain in power,” I think he was looking at himself in the mirror. Putin is not a threat to the future of my family – Biden and his Marxists are. We need a regime change not in Russia – but right here in what used to be America.

The Founding Fathers KNEW the danger that an income tax would do for it renders all citizens nothing but economic slaves to the state and they must know everything we do at all times. Thus, in Article I the Founding Fathers PROHIBITED any form of a Direct Tax. We are now witnessing the destruction of the United States because of political corruption.

Direct Taxes

ARTICLE I, SECTION 9, CLAUSE 4

No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.

NBC Poll, Most Believe Biden to Blame for Inflation, 60 Percent Disapprove of Handling of Economy and 71 Percent No Confidence in Biden Foreign Policy


Posted originally on the conservative tree house on March 27, 2022 

Even NBC’s Chuck Todd was forced to admit Joe Biden’s polled domestic support keeps getting worse.  His approval rating is now the worst in their polling.

The Poll Data is AVAILABLE HERE.  Somehow NBC found enough people to show 33 percent of Americans approve of the president’s handling of the economy, compared with 60 percent who disapprove.  “Overall, NBC News puts Biden’s approval at 40 percent, which is a record-low for that network’s survey, compared with 55 percent disapproval.” (article link).

[Poll Data Here]

The White House was hoping that all the planning that went into yesterday’s grand speech in Poland would help reset the Biden problem.  Those hopes collapsed when the muttering nutter rambled through 20 minutes of incoherent jibberish only to encapsulate the speech with the call for Russian regime change at the end, “for God’s sake, this man cannot remain in power.”

Also, don’t believe the nonsense about those being ‘off-the-cuff‘, or ‘ad-libbed ‘ remarks either.  They were written into the teleprompter, and he read them (go look). White House Chief of Staff Ron Klain is trying to cover up his own ineptitude by claiming his boss ad-libbed those statements.  He didn’t.

Blackrock CEO Advances Proposal for Global Digital Payment System and Digital Currency


Posted originally on the conservative tree house on March 24, 2022

When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction.  Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.

I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued.  The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.

NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.

In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.

“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.

[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.

[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.

He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures.  (read more)

You see that problem, that “dilemma” Fink mentions in the last paragraph above.  That is what we have been talking about on these pages for more than two years.   It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.

When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.”  Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.

All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum.  They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns.  They all did exactly the same thing, and that collective action is why we have ‘global inflation.’

Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated.  We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.

I will say with great deliberateness, these western governments want inflation.  Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation.  Think about it in very simple terms.  If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.

None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people.  This is by design.  Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies.  They knew what all that intervention, manipulation and govt spending would lead to.

Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.

Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion.  However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver.  Did these governing bodies create the underlying crisis?  We can debate that, but the point is essentially moot.  We are where we are.

The vaccination protocol created the Vax-Passport.  That has opened the door to the digital identity, “digital id.”   Any government created digital currency is going to need a digital id from the outset.

There are a lot of people asking where this is going, and what can be done to stop it.  I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago.  However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.

Saudi Arabia Considers Accepting Yuan for Oil


Armstrong Economics Blog/Energy Re-Posted Mar 18, 2022 by Martin Armstrong

Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi Arabia has long had a volatile relationship with the US, and seeing the harsh sanctions imposed on Russia is only making the yuan more appealing.

Around 80% of global oil sales are exchanged in dollars, with Saudi Arabia using the USD exclusively for oil sales since the 1970s per agreement with the US government. Crown Prince Mohammed bin Salman was unable to have diplomatic relationships with President Biden after the publicized 2018 assassination of journalist Jamal Khashoggi. “We were going to make them the pariah that they are,” Biden stated in 2019. Add to this America’s nuclear negotiations with Iran and dismissal of Saudi Arabia’s request for support with military operations in Yemen.

The illusion of the dollar being an impenetrable safe haven has shattered due to Biden’s policies. Countries now know that their dollar reserves could be confiscated or frozen at any time and deemed utterly useless. The Saudis have been toying with the idea of accepting the yuan for oil payments for the past six years, but recent events just may be the final straw.

Russia, India Exploring New Trade Payment Channels in Aftermath of Sanctions


Posted originally on the conservative tree house on March 15, 2022

The BRICS trade and economic partnership group is made up of Brazil, Russia, India, China and South Africa {GO DEEP}.  The alliance was originated in part to explore alternatives to the dollar as a global trade currency.  They discussed several options in their prior meetings long before Russia took action into Ukraine.

With western sanctions against Russia now in place, there are increasing reports that China and India have developed alternatives.  This is one such example:

(Via LiveMint) – Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with the Faster Payments System (FPS) of the Bank of Russia, to continue cross-border trade.

According to Dmitry A. Solodov, a spokesperson for the Russian embassy in New Delhi, his government has also asked Indian lenders to connect to the financial messaging system of the Bank of Russia to facilitate interbank transactions. In addition, the two sides are discussing accepting RuPay and MIR Cards within national payment infrastructures, Solodov said in an emailed statement.

“All these options are on the table and are being discussed by the two governments, the Reserve Bank of India and the Bank of Russia,” said a senior Indian government official, requesting anonymity. (read more)

Xi Jinping (China), Vladimir Putin (Russia), Jair Bolsonaro (Brazil), Narendra Modi (India) and Cyril Ramaphosa (South Africa), the BRICS group.

Producer Price Inflation Sets New Record at 10 Percent, No Relief in Sight


Posted originally on the conservative tree house on March 15, 2022 | Sundance

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released February price data [Available Here] showing a dramatic 10.0% increase year-over-year in Final Demand products at the wholesale level.  This is the highest rate of inflation in the PPI ever recorded.

The single month increase in wholesale prices of 2.4% was driven by inflation built into the supply chain at every level that shows up in the final wholesale price.  Those price increases then get passed along to consumers along with the additional costs for warehousing, transportation and delivery.  I modified Table-A to take out some of the noise.

The January, December and November data was also revised significantly upward, and a sketchy footnote is included in the data. “Some of the figures … in this release may differ from those previously reported because data for October 2021 through January 2022 have been revised to reflect the availability of late reports and corrections.”   Remember that temporary drop in December, yeah, that’s wiped out now.

The reason the total demand inflation number is 0.8% is only because inflation in the service sector is lower than inflation in the goods sector.  Two reasons: (1) energy costs embed in goods first before services; and (2) when inflation on goods squeezes budgeted consumers, less services are demanded.

Unfortunately, there is nothing upstream in the supply chain and manufacturing pipeline to suggest that higher prices at the retail level are not coming.  The price of raw materials, and the wholesale energy costs to process those materials into finished goods, are still rising.  Factually, the recent massive increase in fuel and transportation cost is not included in this data.

You can see clearly in Table-B (again, cleaned up) the wave of inflation that took place in April through October 2021.  Inflation is backward looking, so when prices have already doubled in the previous year and the compounding price goes up another 35% this year, well essentially that’s another doubling when compared to 2020.   Put another way, raw materials (unprocessed intermediate goods) have tripled in price in the last two years.

In my estimation, the massive price increases the bureau quantified through January were the end of the first wave of massive inflation that CTH warned about last October.

“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before.   Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses.   Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]

The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be fully quantified.  The second wave of retail inflation, only just beginning to arrive now in the February results, will extend throughout the spring.

Next month, March data reported in April, the second wave of inflation data should carry the first big jumps in gas and diesel prices.  For ordinary people, this next round of food inflation will be focused predominantly in the ‘Fresh Foods‘ categories.  Fresh produce, vegetables and fruits have short life cycles, and rapid increases in transportation costs hit that segment fast and hard.

On the positive side, our victory gardens are going up in value, very quickly.   A few backyard growing boxes can generate an easy $200 to $500/month in fresh produce as the price of ordinary row crops at the store starts to double and triple.  Mature citrus trees are worth their weight in gold right now.

FJB!

Putin Announcing He May Nationalize All Foreign Corporation Assets who Left Russia


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

Sp

Putin has announced that he endorses a plan to nationalize foreign-owned businesses that flee the country over its invasion of Ukraine. This is signaling to the West that he can also play the same game. Putin’s approval of the plan is scheduled to be discussed in Russia’s parliament Friday. Now even Goldman Sachs said it was “winding down” its business in Russia, following hundreds of other Western firms that have closed or suspended operations. Since the West is confiscating private assets, all is fair in love and war as they say.

I have been in serious discussions with key people around the world. Many people are deeply concerned that this is all a political game – not military. This has the same fingerprints all over it as the COVID scam and the end objectives are the same. These sanctions are really intended to shut down fossil fuels and by driving the price higher, it is believed that the people will consume less and work virtually. There are money trails that are revealed in such documents as the Panama Papers.

The World Economic Forum Young Global Leaders program included Zelensky who graduated in 2000, as did Trudeau.  In July 2019, Zelensky credited the Canadian Prime Minister with “inspiring him to get into politics.”  The funding for Zelensky’s TV series was put up by an oligarch friend linked to George Soros. Zelensky will not compromise as Trudeau acted against the tuckers. Meanwhile, Zelensky keeps trying to drag NATO and the US which he knows fully well will unleash World War III. There is another agenda here from the start, something was just not right. I have friends in Kyiv and just as in Canada, NOT all Ukrainians see Zelensky as a hero. Both China and Russia can also follow the money trail and it does not lead to the military.

The West has clearly begun WWIII in the financial markets which will inevitably spill over into outright warfare as was the case the last time governments acted this irrational. The Biden Administration, joined by some lunatic Republicans, is moving to carry out the next step in this Financial War which, like WWII, began in the Financial markets that led to outright war. For those who do not know the real history behind the Great Depression because of the fake news even back then, Germany could not meet the reparation payments that were demanded by France. There was a proposal that Germany and Austria should combine in order to be able to make the reparation payments. Everyone agreed except France. The French’s hatred of the Germans began WWII by shorting the Austrian bonds, then turned on Germany, and when Britain tried to defend Germany, the French turned on the Brits. In 1931, everyone defaulted because of the financial war, and that drove the dollar to record highs. President Hoover remarked how crazy the financial markets became in 1931.

Because these financial sanctions being imposed on Russia are dangerously similar and now have torn the world economy apart, once imposed they will never be lifted. Putin knows that the companies that have left will NEVER return and confiscating all their assets is now fair game since the West is confiscating private citizens’ assets. The financial crisis that erupted in 1931, was followed by 1933 which was a political Panic Cycle Year on our model. That is the year when FDR came to power in the USA, Hiter in Germany, and Mao Zedong in China. The elections were in general from Novemb er 1932 into 1933. From this year on our model has been a Political Panic Cycle and 2023 is a War Cycle target, this is NOT going to end nicely. It certainly looks that we will have at best one year before a similar crisis in 2023.

There is no backing out of this mess now. The objective is to create World War III and then expect to be able to stop short of nuclear, but weaken all the governments so that the United Nations will emerge as the great peacemaker and one-world government. I personally think their objectives are totally insane. The computer does not show that it will be successful. But they are ending the dominance of Western culture. The financial capital of the world has ALWAYS migrated. It is just going to be China’s time to come up to bat.

Yelen’s Comments of Biden’s Order to Regulate Cryptocurrency


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

WASHINGTON –  U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets.

“President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.  It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.

Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. We’ll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risks of digital assets and assess whether appropriate safeguards are in place. And, because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level playing field.

This work will complement ongoing efforts by Treasury. Already, the Department has worked with the President’s Working Group on Financial Markets, the FDIC, and OCC to study one particular kind of digital asset – stablecoins– and to make recommendations. Under the executive order, Treasury and interagency partners will build upon the recently published National Risk Assessments, which identify key illicit financing risks associated with digital assets.

As we take on this important work, we’ll be guided by consumer and investor protection groups, market participants, and other leading experts.  Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security.”