Buttigieg Blames Private Sector for Formula Shortage


Armstrong Economics Blog/USA Current Events Re-Posted May 17, 2022 by Martin Armstrong

Transportation Secretary Pete Buttigieg, the man who suggested everyone immediately switch to electric vehicles to combat the “Putin gas hike,” has a new message for American parents struggling to feed their babies – deal with it.

Buttigieg appeared on CBS and could not contain his utter ignorance and lack of empathy. “This is a capitalist country. The government does not make baby formula, nor should it. Companies make formula. And one of those companies, a company which, by the way, seems to have 40% market share, messed up and is unable to confirm that a plant, a major plant, is safe and free of contamination,” he stated, absolving government of any guilt. The baby formula shortage began BEFORE Abbott had a formula recall.

Luckily reporter Margaret Brennan was able to explain the situation to the confused politician. Buttigieg said the shutdown has nothing to do with a shortage of ingredients. “No, it is a factor that has led to price. Inflation is one of the factors among many that has been blamed for months of problems with baby formula even before the recall in February,” Brennan reminded him. He maintained that the private sector has the ability to make more formula, and Brennan reminded him that right now America is importing baby formula from Europe as its strategy.

The Biden Administration happily sends $40 billion off to Ukraine without hesitation but refuses to fund the problems we are facing at home. This nationwide formula shortage is an extremely serious issue that US politicians simply disregard. A fraction of the money spent on Ukraine could have fixed the Michigan plant that closed after the recall, and it could have been used to create new manufacturing plants and import more formula in the meantime.

Americans More Concerned with Inflation than Abortion


Armstrong Economics Blog/Politics Re-Posted May 17, 2022 by Martin Armstrong

Sorry, Democrats, but Americans are more outraged that they cannot afford to live than whether others should be able to terminate pregnancies. A poll by Rasmussen Reports found that both Republicans and Democrats are far more concerned with inflation than any other issue. Nearly 94% of Republicans, 84% of Democrats, and 83% of Independents cited rising prices as their top concern.

Abortion outrage is actually low on the list. Among all voters surveyed, 83% are concerned about violent crime that has increased throughout the country amid relaxed laws and defunded police agencies. Sixty-nine percent are worried about illegal immigration and the absence of border security. Across all political beliefs, inflation is the main concern. It is something that all Americans must grapple with on a daily basis. The Democrats have only exacerbated the problems concerning most Americans by avoiding major issues entirely. At this point, even the most die-hard liberal cannot say with a straight face that we are better now than we were under Trump.

The Democratic Party has become tone-deaf. People fear that they cannot maintain their current standard of living, pay for housing, or feed their families. They feel outraged every time they go to the gas pump or grocery store and only see darker days ahead. Leaking the Supreme Court decision on Roe v. Wade was a FAILED attempt to redirect the public’s attention before the midterm elections.

Biden Redeploys U.S. Combat Troops to Somalia, Reversing Trump Draw Down


Posted originally on the conservative tree house on May 16, 2022 | Sundance

Democrats love war, even when they have to go looking for one.  The New York Times is reporting that Joe Biden has signed a Defense Dept order authorizing 700 combat troops to redeploy to Somalia, reversing the Trump-era troop withdrawal.

WASHINGTON — President Biden has signed an order authorizing the military to once again deploy hundreds of Special Operations forces inside Somalia — largely reversing the decision by President Donald J. Trump to withdraw nearly all 700 ground troops who had been stationed there, according to four officials familiar with the matter.

In addition, Mr. Biden has approved a Pentagon request for standing authority to target about a dozen suspected leaders of Al Shabab, the Somali terrorist group that is affiliated with Al Qaeda, three of the officials said. Since Mr. Biden took office, airstrikes have largely been limited to those meant to defend partner forces facing an immediate threat.

Together, the decisions by Mr. Biden, described by the officials on the condition of anonymity, will revive an open-ended American counterterrorism operation that has amounted to a slow-burn war through three administrations. (read more)

Inflation Crippling Low-Income Americans


Armstrong Economics Blog/Inflation Re-Posted May 16, 2022 by Martin Armstrong

We went from a booming economy to staring down the next recession. Inflation has reached 8.3%, and most Americans are troubled that they will no longer be able to afford their standard of living. According to the latest Gallup poll, 52% reported that they are fearful about maintaining their standard of living. Some may say, “So what? The rich will have to sell off one mansion and fly commercial!” The people who will feel the brunt of this economic downturn are lower-income earners.

Among those earning under $40,000 annually, 73% said they no longer believe they can afford basic living necessities, up from 56% a year prior. About 65% of lower-income Americans worry about having enough money to pay their monthly bills, while 59% say they fear they’ll no longer be able to afford housing. In fact, more lower-income renters should be concerned about the rising cost of housing because landlords will pass their increased costs on to their tenants at a time when rental costs are already at an all-time high.

Medical bills, the leading cause of bankruptcy, are of the utmost concern. Seventy-two percent of lower-income earners said they cannot afford an emergency medical event, and 62% cannot afford basic medical care. These fears are not unfounded and we are looking at a major crisis on the horizon.

Switzerland Joining the Warmongering Crowd


Armstrong Economics Blog/Switzerland Re-Posted May 16, 2022 by Martin Armstrong

The propaganda machine has been working at full speed. Sweden and Finland have been convinced to join NATO and now we have reports from within Switzerland that they too are contemplating surrendering their neutrality and joining the end times for Europe. Switzerland’s defense ministry is moving closer to NATO. They have violated their neutrality already by confiscating Russian assets. So in for a penny, in for a pound as they say. Switzerland is contemplating joint military exercises with NATO and they will be joining the fun and games post-2024 as well. So you better stock up on the Swiss chocolate. They may end up extinct after 2024. Perhaps they should recall the Swiss guards they lend to the Vatican. They may come in handy.

Markets never lie. The Swiss franc has gone into a free fall ever since we heard from behind the curtain that the Swiss government is yielding to the pleas from the West to join NATO. That is surrendering their neutrality and the markets are warning that Switzerland is no longer the safe harbor for capital.

Indeed, we certainly have the worst possible crop of world leaders EVERYWHERE. There is not a single political decision that anyone can possibly even call reasonable. We even had the insanity of Boris Johnson threatening to strike Russia with nukes outside of NATO. Just one nuke from Russia will take out all of Great Britain. This pounding of chests is not going to do anything but hurl us toward war so they can do this Great Rest and default on world debt because they have run the largest Ponzi scheme in human history.

I have a lot of European friends who have asked if they can flee here to Florida and hide under my bed. Unfortunately, I don’t think my bed is big enough to meet all the requests.

As I have written before, there are NO peacemakers – only warmongers. There is a better way. We can restructure the debt as I would do for a corporation in crisis. We do not need this warmongering and Klaus Schwab’s grand plan will fail just as Marx did. The United Nations will NEVER rule the world despite their thirst for power which was even mentioned in the charter of UNESCO.

Switzerland is in serious trouble. Going into 2023 is crazy then a Panic Cycle comes into play for 2024. This is not my personal opinion. I have created a computer that has NEVER been wrong on its geopolitical forecasts. I know I cannot scream loud enough to change the cycle. All I can do is plead for the world to look and just maybe we can live with the cycles post-2032 and create a better world just for once.

As for my friend in Switzerland – sorry, you can’t hide under your beds there. And yes, I got a dog I named Napoleon because I looked at my computer and knew I will not be visiting Europe again in my lifetime. So it was time to settle down. She’s always by my side.

Sweden & Finland Joining NATO


Armstrong Economics Blog/Scandinavia Re-Posted May 15, 2022 by Martin Armstrong

QUESTION: Hi Marty, hope all is well.

All indications are that Sweden and Finland will join NATO. However, both countries refuse to allow nuclear weapons to be placed in their countries.

Russia still threatens reprisals.

Does Putin have any reasons to attack Sweden and Finland before their respective NATO applications are a fact?

If no nuclear warheads are placed in Finland nor Sweden, what do you think the Russian response will be against Sweden and Finland in the end?

Kind Regards/MS

ANSWER: We do not see any indication that Russia will attack Finland and Sweden before joining NATO that would involve a prolonged event.  However, note that the computer did have a Double Directional Change here in 2022 which reflects the political change that is unfolding. War does not appear in that region until 2027-2028.

I am working feverishly to get what I hope will be a book on the coming World War III based upon the computer projection rather than my opinion. Unclassified documents have surfaced confirming that actually Putin is correct – NATO had promised not to move one inch eastward and that Eastern Europe was to be a buffer zone of nutrality. NATO has been the agressor and they are NOT ever interested in peace because if there was really peace, then there is no need for NATO and all those people would lose jobs.

As most people know, my sources are dammed good. When the Russians were building a secret unground facility, even Margaret Thatcher asked me if I had any information since their intelligence was coming up short. Our clients are of a like mind regardless of the nation in which they reside. There are always people in every country who oppose whatever current government is in power. That is just humanity. Even during the American Revolution, there were people who supported the king and they confiscated their property to fund the war.

There is so much behind the scenes that people just do not know like why Crimea was handed to Ukraine in 1954? Nikita Khrushchev was raised in the Donbas and actually considered himself from that region being born just 7 miles from the border between Ukraine and Russia. It was Khrushchev who rebuilt Kyiv after World War II for he was in charge of that province before he rose to national power. Khrushchev also was redrawing borders elsewhere. He was removed in 1964 for his hair-brain ideas and his confrontation with the US over stuffing missiles in Cuba in 1962. What Ukraine wants to do pushing the world into war over territorial grab, the world needs to know the Truth. All of Khrushchev’s redesigning borders was reversed and that included Crimea which they ruled was an illegal act.

I am putting together the full story covering both sides. We all have a right to know. NATO wants war and this is a war to exterminate Russia. Ukraine is the proxy war as our computer forecast back in 2013 that this would be the place where it all begins. The West could care less how many Ukrainians die – civilians or otherwise. Their purpose is to weaken Russia and only then will NATO act. Next will then be China.

Sunday Talks, Goldman Sachs CEO LLoyd Blankfein Still Sees Demand Side Inflation


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

Appearing on Face the Nation (FtN) Goldman Sachs CEO Lloyd Blankfein discussed his views and perspectives on the economy overall and U.S. inflation specifically.  Undoubtedly Blankfein has access to resources and analysis far beyond CTH scope; however, despite a statistically factual contracting GDP, Blankfein is claiming to see overall demand side inflation remaining in the macro economy.

Perhaps that view might still be true domestically on the service side (it certainly isn’t on the trade side), but demand driven inflation does not appear visible on the goods side of the economic ledger.  What is clearly present as the price driver is “production side inflation,” the costs to create goods and bring them to market.   If you look at economic activity in units instead of dollars, the units are contracting.

The demand for goods is now focused almost entirely on priority or essential purchases like housing, energy, fuel and food.  The price for those essential products is driven by production costs, which are a direct outcome of the energy policy, environmental policy, regulatory policy, and to a lesser extent trade policy, of the Biden administration.  Blankfein is pretending not to know things… WATCH:

Putting housing aside due to investment purchasing of real estate, if Blankfein was correct, and demand was still driving inflation, then a massive deflationary cycle would be coming as a result of lowered consumer purchasing of goods.   There isn’t any chance we are going to see “deflation” in the next several years.  [We will likely see housing prices collapse, but not consumer goods.]

Inflation is being driven by production costs, and there is no end in sight to the production cost increases as long as the crew behind Joe Biden keeps strangling the U.S. energy sector…. and then compounding the domestic price issue by creating incentives for energy exports (vis-a-vis EU sanctions).  The production inflation is a purposefully inflicted wound on our economy.  Production inflation is avoidable.

That interview is Wall Street gaslighting to a Main Street audience.  I don’t like it one bit.

Baby Formula Crisis is a Major Issue for Democrats and the Dependency Coalition, Half of all U.S. Baby Formula Sales are Made with WIC Subsidy


Posted originally on the conservative tree house on May 13, 2022 | Sundance

If you’ve noticed the democrats being a bit more worried about the baby formula shortage crisis, there’s a good reason for that.  Baby formula is very expensive for the working family.  Subsidizing low-income parents with free infant formula has been dependency initiative for the democrats for a long time.

It’s not just the regular store-bought formula that is in extremely short supply, the government groups and NGO’s that provide the free formula are also out of stock.   The free formula dependency crowd is far madder than the paying purchaser, that spells trouble for democrats.

Democrat Speaker of the House Nancy Pelosi, noting the extreme political damage her House members could feel from an angry dependency base, said today the baby formula shortage is the worst possible crisis in decades.  She called it “unconscionable and tragic,” and in her statement outlined the scale of the problem for Democrats in office:

…”The shortage has taken an especially dangerous toll on women and children from underserved communities: about half of infant formula sold nationwide is purchased with WIC (Women, Infant and Children) benefits.”  (LETTER)

Half of the infant formula sold nationwide is purchased with WIC subsidy?  That’s why the issue is getting urgent attention from Democrats.

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.

INFLATION – RECESSION – RISING RATES RATHER THAN LOWER RATES


Armstrong Economics Blog/Economics Re-Posted May 13, 2022 by Martin Armstrong

COMMENT: Marty, I want to thank you so much for the WEC. Perhaps you will consider doing one that is streamed in the middle of this craziness. I have listened to many analysts. But you are head and shoulders above everyone. Only you called for declining economic growth, rising inflation, and rising interest rates in spite of a recession. I understand it is Socrates that puts this all together. But we really need you now.

Please, Please, Please!

WL

ANSWER: I will consider it. My days are full and I cannot even begin to explain everything that is coming in from sources around the world. The “Stickly” core inflation, which does not include food or energy, made its low perfectly on its 31.4-year decline from the highest yearly closing in 1979 to the bottom in 2010. This is really important to understand because while food and energy are rising faster, they filter over into the core inflation and are driving that higher at a faster pace. We are looking at everything rising, much as was the case during the 1980s. Even ticket prices are rising in sports.

I understand that people THINK that Paul Volcker conquered inflation by pushing interest rates to insane levels. Let’s get something straight — the high-interest rates did NOT stop the inflation. Volcker drove the value of the dollar higher and that produced DEFLATION, driving the British pound to $1.03 by 1985.

Raising rates does NOT stop inflation; it will only increase it when we are dealing with a SHORTAGE rather than an excessive demand boom. The same result will unfold with the rising dollar BECAUSE of the rising rates and that produces deflation, but we have the stupidity of those pulling the strings in the Biden Administration and Europe for climate change. They are in power now and want to destroy as much of the energy system as they can because they fear the election cycle will swing against them so they must destroy whatever they can right now.

Food shortages will get MUCH worse into 2023, and we will see power failures this summer in different parts of the US and Europe. There are people in the Biden Administration who simply want to destroy as much as possible in the energy sector in hopes that the Republicans can do nothing if they take back control.