FBI Reveals Seth Rich Computer Showed He May Have been The DNC Leaker


Armstrong Economics Blog/Conspiracy Re-Posted Dec 12, 2022 by Martin Armstrong

The entire story about the murder of Seth Rich, the DNC staffer who the “conspiracy theories” claimed that he was the one leaking DNC documents to Wikileaks. The mainstream media called that a conspiracy theory for the actual source was the hacking by the Russians. He was just gunned down and the police instead claimed he had been the victim of an attempted robbery that just went wrong. His parents were out to sue anyone who dared to claim their son was the leader of those documents. Of course, the passing of time always brings out the truth. The entire investigation into RussiaGate has shown that it was created by Hillary and promoted as the real story, which we now know was all fiction and in itself its own conspiracy theory that the mainstream press preferred to spread. Of course, if the mainstream press spread the story, then conspiracy theory is magically transformed into fact.

Seth Rich’s computer, in the possession of the FBI, showed the DNC staffer had relayed DNC documents to WikiLeaks. There never was any Russian interference by hacking the DNC computers for the 2016 election. Of course, that leak, Hillary maintained, cost her the election. Here we have the never-ending conspiracy theories of all the people who crossed Hillary were somehow dead. Seth Rich would neatly fit into that list. I for one as a parent, would not slander my son’s name, but perhaps look deeper and if he was the leaker, then the motive to have him killed would not be a fake robbery.

Vincent Walker Foster Jr. (1945–1993) was an American attorney who served as the Deputy White House Counsel and was under subpoena to testify. The popular fake story was that he was depressed and went to a park to commit suicide. I was told by sources in Congress that he was not killed in the park for (1) there was a piece of his head that was missing, and (2) they brought his car over 30 minutes later when they realized his car was back at the White House.

Instead of Seth’s parents trying to prevent anyone from suggesting their son was the leaker, perhaps they should consider that he was perhaps a patriot and try to expose what made him do that on behalf of his country. Wikipedia is a propaganda machine for the government. Even in college, Wikipedia is not a valid source for reference. The government directs what it is to say on anything that impacts their political agendas.

Maker of Electric Jeep Vehicles Closing Illinois Plant and Moving to Mexico


Posted originally on the CTH on December 11, 2022 | Sundance 

Stellantis is a multinational automaker contracted for the electric version of the Jeep Cherokee.  Citing high costs to produce electric vehicles, on Friday Stellantis announced a decision to idle the Belvedere, Illinois plant starting on Feb. 28, 2023, and notified 1,350 workers of the layoffs.

(Via Fox) […] “This difficult but necessary action will result in indefinite layoffs, which are expected to exceed six months and may constitute a job loss under the Worker Adjustment and Retraining Notification (WARN) Act. As a result, WARN notices have been issued to both hourly and salaried employees,” it said. “The company will make every effort to place indefinitely laid off employees in open full-time positions as they become available.”

Today The Daily Mail is reporting that production of the electric Jeep will take place in Mexico.

Hundreds of workers are expected to be laid off when automaker Stellantis closes an assembly plant in northern Illinois early next year, citing the challenge of rising costs of electric vehicle production.

The company, which employs about 1,350 workers at the plant in Belvidere, Illinois, said the action will result in indefinite layoffs and it may not resume operations as it considers other options. 

Stellantis said the industry ‘has been adversely affected by a multitude of factors like the ongoing COVID-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market.’

The Belvidere plant, produces the Jeep Cherokee SUV, will be idle starting on February 28, 2023, Stellantis said. The plant in Toluca, Mexico will now produce the vehicles. (read more)

One aspect of this move that deserves additional attention is the U.S. and Canada focus on new energy policy, against the backdrop of Mexico telling the Biden administration the USMCA partner was going to continue development of traditional oil, coal and natural gas energy production.

Should Mexico continue to maintain a more traditional energy policy, they will likely create a greater cost incentive for all manufacturers.  With electricity rates skyrocketing in the U.S. and Canada, any energy dependent manufacturer would see an additional advantage to production in Mexico.

It will be worthwhile watching this dynamic closely and seeing what type of pressure the Biden administration will apply to Mexican President Andres Manuel Lopez-Obrador to fall in line.

After 40 Days of Silence President Jair Bolsonaro Tells The Brazilian People They Will Determine The Future, The Military Will Support The People


Posted originally on the CTH on December 11, 2022 | Sundance

After an election fraught with corruption within Brazil, President Jair Bolsonaro was silent as tens of millions of people filled the streets in protest.  Brazilian President-elect Luiz Inacio Lula da Silva is in a tenuous position with the military looming and prepared for intervention.

Today, after remaining silent for 40 days, and with increased national sentiment in strong opposition to the election fraud that happened, Jair Bolsonaro spoke to a massive crowd telling them the military would follow the constitution and determine the outcome. The certification of the election is scheduled for Monday.

It appears that Bolsonaro is telling the people of Brazil that whatever the people do, they will not suffer at the hand of the Brazilian military – it appears Bolsonaro has the word of the generals within the military to support the people and not conduct violence against them.  WATCH:

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It is highly probable, given the stakes of the matter, that Joe Biden has signed a ‘finding memo’ authorizing the U.S State Department and CIA to conduct covert influence operations in the country.  The security forces in/around Jair Bolsonaro appear to be on high alert as the well-liked leader talks to the people of Brazil.

(Reuters) – Brazilian President Jair Bolsonaro broke his silence on Friday for the first time since his election defeat on Oct. 30 and spoke to supporters calling for a military coup to stop leftist President-elect Luiz Inacio Lula da Silva taking office.

Bolsonaro said he had kept silent for almost 40 days, adding, “it hurts my soul.”

“Who decides where I go are you. Who decides which way the armed forces go are you,” Bolsonaro told his supporters at the gates of the presidential residence.

In his ambiguous comments, Bolsonaro did not endorse their call for a military intervention, but said the armed forces would respect Brazil’s Constitution.

He has not recognized Lula’s victory in the October elections and his silence encouraged supporters to continue demonstrations outside army bases.

Lula’s narrow victory over Bolsonaro will be certified by Brazil’s national electoral authority on Monday. (more)

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.

$80 Trillion Derivatives Market


Armstrong Economics Blog/Banking Crisis Re-Posted Dec 6, 2022 by Martin Armstrong

The Bank of International Settlements (BIS) has warned in its latest quarterly report that there is $80 trillion dollar in off-balance sheet dollar debt in the form of FX swaps. This has involved pension funds and other ‘non-bank’ financial firms.

What they do not explain is that each “debt” has a counterparty that has an “asset” and in theory, that works out to net zero. But there is counter-party risk that is not discussed. This doesn’t address the liquidity issue either. Still, it is not entirely a black hole as they seem to lead some to proclaim. What is also left unexplained or addressed is the question of if they are netting across all transactions. Many of the players in this market have offsetting positions. It is one thing to scream OMG the size of the stock market is too big, and another to yell fire in a crowded theater.

This $80 trill is effectively the derivatives market. It is what it is. Marking everything to market all the time isn’t a great answer either for there can be imbalances for a day or two in the middle of chaos. What is clear is that the BIS is raising concerns, in which it also said this year’s market upheaval took place without any major issues.

On the other hand, the BIS has been pushing central banks to raise rates to fight inflation which will only accelerate the crisis since it is shortage based. This is no different from the ’70s when there was an external price shock from OPEC,. Raising interest rates did nothing to prevent inflation, instead, it resulted in a strong dollar, the collapse of the pound to $1.03 in 1985, and the US national debt more than doubled on interest expenditures.

Nonetheless, the BIS has been quieter on the inflation front this time around. Just maybe, they are starting to realize that the old theories no longer work. The September UK government bond market turmoil was created by raising interest rates and the losses on holding long-term debt in the face of rising interest rates have been just the tip of the iceberg.

The FX swap markets have become huge. Our clients are well into the trillions these days whereas twenty years ago we had less than 5 clients at the $1 trillion threshold.

Nonetheless, the complexity of the cross-positions is the real risk. One side can blow out because of the chaos these braindead politicians are creating with this war against Russia.

Scientist at Wuhan Said COVID was Manmade


Armstrong Economics Blog/Disease Re-Posted Dec 6, 2022 by Martin Armstrong

A scientist, Andrew Huff, who had actually worked at the research Wuhan Institute of Virology lab in, China has claimed that COVID was a man-made virus that leaked from the facility. He blamed authorities for the “biggest US intelligence failure since 9/11.” While interesting, 9/11 was not an intelligence failure. They allowed it to happen.

The same may be true with COVID.

Banks


Armstrong Economics Blog/Banking Crisis Re-Posted Dec 4, 2022 by Martin Armstrong

COMMENT: Thank you for all you do. Your input has guided me well.
I suspect my Bank is in deep trouble. _____ bank in ____ CA.
They specialize in small business. First red flag was freezing my account for no reason. I then bounced a check because my account was frozen. They could not give me a reason for freezing my account. Then they offered me, according to them, a great investment deal, that was the second red flag. Then I was contacted by a relationship manger. This was the third red flag.

Will be closing all my accounts with ______ next week.

MC

REPLY: There are clearly problems emerging since interest rates have risen and  many banks were not in a position to take the losses on long-term investments.

Always keep some cash. A word to the wise should be sufficient