Young Americans Cannot Afford to be Healthy


Armstrong Economics Blog/Inflation Re-Posted Oct 31, 2022 by Martin Armstrong

The Nationwide Retirement Institute conducted a study to determine how Americans are handling rising prices. Nearly one in five respondents (18%) said they had to forego a meal or grocery shopping due to inflation. Gen Z (28%) and Millennials (23%) reported higher rates of skipping meals. Over the past year, two in five households (40%) relied on food banks.

This is having an impact on health. Around 17% said that they no longer can afford healthier food options, which are notoriously more expensive than cheap, calorie-rich junk food. Fourteen percent admitted that they canceled or postponed plans to see a doctor, and 11% skipped out on their annual physical altogether due to the costs involved. An alarming 10% said that they are unable to afford their prescription medication. The younger generations like Gen Z (17%) and Millennials (19%) said that they cannot afford mental health care.

Staying healthy has become a luxury, as 14% of respondents had to downgrade their health insurance plans. Again, Gen Z (23%) and Millennials (20%) have been forced to sacrifice more than other generations. These two generations are also priced out of the housing market and strapped with debt. They are less likely to start families and are worse off than their parent’s generation. This will create a ripple effect as people who are unable to meet their basic needs will struggle to be productive members of society.

Washington Downplays Poor Relations with Saudi Arabia


Armstrong Economics Blog/World Trade Re-Posted Oct 31, 2022 by Martin Armstrong

The Davos in the Desert meeting has humiliated Washington. The president himself was unable to secure a deal with Saudi Arabia, and now America’s elite are congregating in Riyadh to discuss trade. The New York Times released an article claiming that Saudi Crown Prince Mohammed bin Salman “duped” Joe Biden into thinking that he would increase oil production. Now, the White House is claiming that Joe’s failed visit to Saudi Arabia had nothing to do with oil.

Perhaps Uncle Joe was working on his tan? White House Press Secretary Jean-Pierre said that the situation has been “mischaracterized” and said the NYT article was fake news. “Look, we’ve also been clear that, our trip, that the President’s trip to the Middle East was not about oil,” she stated. “What the President is focused on currently and today and has been for the past several months since the war started — remember, because of Russia’s war, we have seen a spike in gas prices, so as you hear us say, Russia’s tax hike, and so, we have done everything that we can and continue to do the work — the President has — to lower the prices for the American people. That’s why you have seen gas prices go down.”

Blame is on “Russia’s tax hike” and not Washington’s inability to negotiate or maintain diplomatic relations with strategic trading partners. The NYT article claims that the kingdom promised it would “accelerate an OPEC Plus production increase of 400,000 barrels per day already planned for September” followed by an additional 200,000 bpd increase from September to December. OPEC+ decreased production by 2,000,000 bpd instead.

Due to this failed arrangement, oil prices rose right before the 2022 US midterm elections. Biden released Strategic Petroleum Reserves in response to temporarily bring prices down, as he does not want America to see the repercussions of this failed deal.

Zelensky Wants WWIII Bringing Death & Destruction to the Entire World


Armstrong Economics Blog/Ukraine Re-Posted Oct 30, 2022 by Martin Armstrong

With most con artists, you need to count your fingers after shaking hands. With the President of Ukraine Volodymyr Zelensky, you have to make sure you still have your arm. He wears the same clothes to project he is at war raising some to hope he at least takes it off to wash. Both Germany and Japan as well as the Swiss all apologized for war crimes – but never Ukraine.

Never in all my career of dealing with governments have I ever witnessed such a bold-faced liar as Zelensky. He addressed the students and professors of Yale University, and boldly had the audacity to claim that it is in Ukraine that the global fate of democracy is being determined. The Minsk Agreement called for the Donbas to vote on their independence. Ukraine has refused to allow that ever to happen. His claim that the fate of democracy will be determined only if Ukraine can destroy all Russians is just outrageous.

“It is important for the whole world that Russia loses now – in the war in Ukraine. When we win for ourselves, we will win for other nations whose freedom is potentially under attack: the ambitions of the Russian throne are known.” 

“On behalf of the Ukrainian people, I want to thank your people for the support you provide to our defense. Thank you to your leaders – President Biden, both chambers and parties of Congress, public figures and businesses who feel how important it is for Ukrainian democracy to endure.” 

Zelensky has refused to apologize to Poland for its war crimes. The depravity of Ukrainian is far beyond any of the worst horror films ever made. It has been documented what the Ukrainians have done like cutting out a baby from a mother’s stomach and sowing her back up after putting in a live cat. Zelensky REFUSES to acknowledge what the Ukrainians carried out. The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia. Every country has apologized for its war crimes with the single exception of Ukraine. Zelensky is an absolute disgrace as a world leader.

All the declassified documents confirm that the American Neocons have been lying about Putin simply because they want war. They told Zelensky not to negotiate peace. Zelensky has sold his own country like Judas for a handful of silver. He has refused to negotiate any terms of peace whatsoever putting his people in harm’s way all for the Neocons who want to simply destroy Russia at all costs.

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I have the same documents that were the briefings that reveal that Yeltsin turned to Putin BECAUSE he was not a communist. Yeltsin was being blackmailed with the Bank of New York case by the oligarchs and Republic National Bank’s Edmond Safra on the one side and the communists who filed an impeachment action to remove Yeltsin on the other. Yeltsin turned to Putin because he was against reestablishing the USSR and he was not an oligarch.  Anthony Blinken has repeatedly maintained the standard propaganda that Putin has “imperial designs” to recreate the USSR. All the declassified documents from the Clinton Administration prove that is also an outright lie.

The Minsk Agreement was to allow the Donbas to freely vote on their independence. They are ethnic Russians – not Ukrainians, Zelensky promised peace to get elected and has refused to negotiate for peace and has claimed democracy depends on Uktain destroying Russia when in fact he has refused to allow the Donbas to even vote. He only wants to destroy Russia.

This is a Climate Change War. The objective is the destroy Russia, and its energy production for that is 50% of the entire GDP, and they will then transform it into their idea of a vassal state subservient to the United Nations. You do not war World War III for a tiny piece of land that has always been historically Russian. Those who want to fly their Ukrainian flags in support, look around for you are condemning the future of your family for a war that they lied about from the start just like the weapons of mass destruction.

Steve Mnuchin is Not Pretending, States U.S. Economy is Already in Recession


Posted originally on the conservative tree house on October 26, 2022 | Sundance

A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did.  Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team.  He already had a full bank account and carried ‘f**k-off’ money.   That, combined with Wilbur Ross having the same ability, was exactly what we needed to execute the America-First MAGAnomic resurgence.

The U.S. middle-class saw and felt the benefits.  Economic security is national security, at a nationwide and even individual level.  Mnuchin, Ross and Lighthizer constructed that economic outcome guided by the larger strategy of President Donald J Trump.

RIYADH, Oct 26 (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.”

“I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period,” he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East’s economic issues need to be dealt with regionally. (link)

Alberta Premier Danielle Smith Fighting Back Against WEF


Armstrong Economics Blog/Canada Re-Posted Oct 26, 2022 by Martin Armstrong

This is big news. Alberta’s new Premier Danielle Smith is the first government leader to apologize for vaccine mandates. Taking it a step further, she directly criticizes the World Economic Forum (WEF) and Schwab; she has “no interest in being involved with them.” During her first day in office, Smith immediately apologized for the vaccine mandates. She is offering to rehire any government worker who lost their job due to their vaccine status.

“We are not QR codes,” Smith once said, adding that she wants to “purge” Canada’s QR database. She called out Alberta Health Services (AHS) for creating problems by colluding with the WEF. “They signed some kind of partnership with the World Economic Forum right in the middle of the pandemic; we’ve gotta [sic] address that. Why in the world do we have anything to do with the World Economic Forum? That’s got to end,” Smith said. Great question, Danielle.

She plans to look into amnesty for outstanding COVID-related fines. “The system, my friends, is broken,” she said. “Most of those managing AHS today are holdovers from the NDP years. They have had their chance to fix this bloated system and they have largely failed on almost all accounts. Failure is no longer an option.”

Remember when Schwab boasted about infiltrating world governments with various Young Global Leaders, such as Trudeau? She publicly said that it is “distasteful” and “offensive” when billionaires brag about how much control they have over governments. Yes, this is a direct shot at Schwab. She is the first government leader to openly question why we have allowed the WEF to infiltrate governments and control policies. We need more leaders like Danielle Smith who are willing to acknowledge the growing power that Schwab and his minions have in shaping the global society. Better yet, we should question why they were handed power in the first place.