Millions of Chinese on Lockdown


Armstrong Economics Blog/China Re-Posted Sep 7, 2022 by Martin Armstrong

At least 65 people are dead after a 6.8 magnitude earthquake rocked the province of Sichuan. This comes as 21 million people in Chengdu are confined to their homes as China has placed yet another city on a strict lockdown to adhere to its zero COVID policy. In fact, 65 million people in 33 cities are on some level of lockdown in China.

The government places more concern on COVID than an actual natural disaster. Lockdowns create a domino effect. People began panic buying supplies after seeing the starvation and extreme rationing that occurred during the last lockdown when the government was unable to adequately provide supplies to those they confined. Businesses will suffer immensely. Children in at least 10 provinces will be unable to attend school until everyone tests negative for the virus.

Drones are flying around Chengdu, reminding the people to stay inside and obey. This is an example of what could happen when government has complete power over the people. It can also affect the global economy, as we saw when Shenzhen entered a lockdown, closed the ports, and prolonged the supply chain crisis. Government’s abuse of power is yet another reason why it is hard for the central banks to forecast economic recovery. According to our computers, the recovery will be a slow

Nancy Pelosi: Inside Trader of the Year


Armstrong Economics Blog/Corruption Re-Posted Sep 7, 2022 by Martin Armstrong

Pelosi knew when to sell! Paul Pelosi, Speaker Nancy Pelosi’s husband, sold off 25,000 shares of Nvidia. A month later, the US government banned Nvidia from selling chips to Russia and China to “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user.’” Nvidia also happens to produce the A100 GPU in Taiwan, where Nancy’s attention has been suddenly diverted.

The microchip ban for Russia and China could cost Nvidia $400,000,000. Yet, Paul Pelosi managed to save $600,000 by selling his stock off a month before the news broke. Paul claims he does not consult his wife about trades, but what married couple would not discuss millions being moved? This is no coincidence. Paul even knew when to buy as he purchased the stock back in June when his wife was pushing for a multi-billion dollar government grant for the domestic production of semiconductor chips.

The Pelosi family has earned millions through insider trading. In July, Paul earned $5,300,000 after exercising a call option to buy 4,000 Alphabet shares. Not so coincidentally, this occurred when the House Judiciary Committee cracked down on antitrust practices. There have been numerous instances of the Pelosi family earning money through trades that could have been exercised due to Nancy Pelosi’s political insights. This is insider trading, and it is illegal.

Insider trading is so blatant that even the Democrats want to end the practice. Alexandria Ocasio-Cortez tweeted in December 2021: “There is no reason members of Congress should hold and trade individual stock when we write major policy and have access to sensitive information.” Even a broken clock is right twice a day. “It incentivizes this bad behavior,” she added in a separate tweet. So yes, US lawmakers are pushing legislation forward that directly benefits them. This is completely unethical and a threat to overall democracy.

Ukrainian Parliament Lines Pockets with Western Aid


Armstrong Economics Blog/Corruption Re-Posted Sep 7, 2022 by Martin Armstrong

The pro-war People’s Deputies of Ukraine Party are using Western funding to line their pockets. It has been reported that the average paycheck went from 28,800 to 49,600 hryvnia, and taxpayers in other countries will pay for their raises.

This news came out shortly after CBS attempted to release a documentary that claimed weapon shipments from the US were frequently missing. CBS was forced to redact parts of the documentary, “Arming Ukraine,” after Ukraine’s government threatened them. The first report stated that 70% of the weapon purchases had gone missing, while another piece said only 30% of aid had arrived. “Since that time, Ohman says delivery has improved,” CBS backtracked. “We are updating our documentary to reflect this new information and air at a later date.”

“The weapons are stolen, the humanitarian aid is stolen, and we have no idea where the billions sent to this country have gone,” an anonymous veteran originally told reporters. He went on to claim that soldiers are receiving less pay while those at the top are lining their pockets. Zelensky continually claims that his country needs endless funds for the endless war. Where is this money going? Since WE are paying for the war, we deserve to know the truth.

Tucker Carlson Outlines the Totalitarian Outlook of Joe Biden


Posted originally on the conservative tree house on September 6, 2022 | Sundance 

During the second segment of his opening monologue tonight Tucker Carlson accurately outlined the connective tissue behind the Democrat/Biden authoritarian agenda.  Carlson omitted the ideological connections to the totalitarian covid-19 mandates, which present excellent examples of the outlook; nonetheless, Carlson accurately outlined the continuum that Biden and his handlers are traveling.

According to the fiats of the power-centric focus, all opposition to the Biden agenda is bigoted racism and domestic extremism.  Not accidentally, the White House deployment of targeting orders toward their social media allies, mirrors the actions by Ukraine President Volodymyr Zelenskyy in silencing his political opposition, barring media from criticizing him and making political opposition illegal.  Both Biden and Zelenskyy are totalitarian figures hiding behind the false ruse of democracy.  WATCH:

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One Day After Proclaiming He Beat Big Pharma, Joe Biden Introduces a New Annual COVID Vaccine from Big Pharma


Posted originally on the conservative tree house on September 6, 2022 | Sundance

Less than 24 hours after making a weird proclamation that he “defeated Big Pharma,” Joe Biden introduces a new annual vaccine:

[White House] – This week, we begin a new phase in our COVID-19 response. We are launching a new vaccine – our first in almost two years – with a new approach. For most Americans, that means one COVID-19 shot, once a year, each fall.
 
Starting this week, at tens of thousands of convenient pharmacies, doctor’s offices, and community health centers, and other places, Americans age 12 and older can go get this new fall COVID-19 vaccine. The new vaccines provide the strongest protection from the new Omicron strain of the COVID virus, which did not exist when the original vaccine was developed. As the virus continues to change, we will now be able to update our vaccines annually to target the dominant variant.

Just like your annual flu shot, you should get it sometime between Labor Day and Halloween. It’s safe, it’s easy to get, and it’s free. Go to Vaccines.gov to find a location near your home or work.


 
It’s simple, and it’s easy to understand:  If you are vaccinated and 12 and older, get the new COVID-19 shot this fall. This once-a-year shot can reduce your risk of getting COVID-19, reduce your chance of spreading it to others, and dramatically reduce your risk of severe COVID-19. 
 
Winter is not that far away.  The past two years, we have seen COVID-19 cases and deaths soar. It does not have to be that way this year. If you are 12 and older, go get your new COVID-19 shot this fall. (LINK)

Two More EU Aluminum Smelters Going Offline Due to Excessive Energy Costs, Aluminum Shortages Predicted


Posted originally on the conservative tree house on September 6, 2022 | Sundance 

On one hand losing the ability to manufacture aluminum is bad news for any economic activity that requires the use of aluminum.  However, on the other hand, this politically guided ‘new world’ we are going toward doesn’t need aluminum, because you cannot eat it.

Predictably 2023 is going to be the beginning of several ‘Build Back Better’ decades where the ownership of material things disappears.  When your wages are focused on sustaining yourself with housing, food and energy, all of those other purchases become mere indulgences.

Sustainable life in equity with the needs of the planet, means returning to the era when you received an orange or a piece of chocolate as a Christmas gift, and you are thankful. Cars, appliances, phones or other types of luxury durable goods are indulgences which become out of reach for the worker class.  Thus, removing smelters, iron works, factories and other heavy industrial machines only makes sense.

As meager wage earnings are focused on purchases to sustain life, there is little room for indulgences.  As the World Economic Forum has stated, we will own nothing and we will be happy.  Happiness experiences will be provided and the virtual metaverse will fill our needs.

LONDON, Sept 1 (Reuters) – Two more European aluminium smelters are powering down as the region’s energy crisis shows no signs of abating.

Slovenia’s Talum will reduce output to just a fifth of capacity and Alcoa (AA.N) will curtail one line at its Lista plant in Norway.

Close to 1 million tonnes of European primary aluminum capacity is now offline and more may follow as a notoriously power-hungry sector struggles to cope with soaring energy costs.  (read more)

Again, I return to the imagery surrounding our foundational questions, and hopefully things are starting to make sense.

California Governor Reminds All Correct Thinking Citizens to Remain Committed to Scarce Energy Resource Allocation


Posted originally on the conservative tree house on September 6, 2022 | Sundance

Comrade Citizens, it is important we stop thinking wrong thoughts about increasing the supply of abundant, natural energy resources as a tool to offset the sustainability of human life which might include selfish pursuits of happiness.  Correct thinking citizens view themselves as parasites upon our great planet, especially in California.

To affirm equity needs of our collective society as the electricity resource becomes increasingly scarce, California Governor Gavin Newsom reminds everyone to change their habit for electricity use and embrace the new era of scarcity.  Habits must be changed comrade citizens if we are to collectively work toward our communal energy goals and climate change aspirations.

As dear leader clearly expresses in his plea for voluntary compliance, we can get through this transition and embrace the new scarcity mindset if we just accept our responsibility to the collective need of a better society, a place where the rules will always be in our interests.  WATCH:

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Yes, we can comrades.  Yes, we can.

Russia Shuts Down Nord Stream 1 Gas Pipeline, Gasprom Sends out Eerie Video ‘Winter is Coming’


Posted originally on the conservative tree house on September 6, 2022 | Sundance 

Well, it looks like it’s official now. After several days of sporadic reporting on Russia’s decision to shut down the Nord Stream 1 natural gas pipeline into western Europe, it looks like the valves have been shut down until EU sanctions against Russia are removed.

Strategically the Nord Stream 1 pipeline is the major gas supply route into Germany, Europe’s largest economy. As noted by Reuters, “European gas prices, as measured by the benchmark Dutch TTF October gas contract, rose by as much as 30% on Sept. 5, amid growing fears of a total shutdown of Russian pipeline imports ahead of the European winter.”

Europe was already going into a deep economic recession due to inflation created by pre-existing green energy policy.  The Nord Stream shutdown will make things exponentially worse as energy prices skyrocket.  The Russian owned energy company Gasprom sent out a video that can be best described as psychological warfare.  WATCH:

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Trump’s Special Master


Armstrong Economics Blog/Rule of Law Re-Posted Sep 5, 2022 by Martin Armstrong

A federal judge on Monday agreed to appoint a special master to review records seized by the FBI during its search of former President Donald Trump’s Florida estate, a move that is likely to delay the Justice Department’s criminal investigation. U.S. District Judge Aileen Cannon in West Palm Beach, Florida, granted Trump’s request for a special master. This was an important ruling because it interjects an independent third party who is ABSOLUTELY needed in this case. She states that the review materials could be covered by the attorney-client privilege. (her ruling).

However, some are posting that the Democrats lost and this means they will not be able to indict Trump. That is true from the standpoint of federally prior to the election. However, I do not believe was ever the risk. To indict, they would have to submit evidence to a Grand Jury. I don’t think that was likely before the election without fake charges. The RISK of an indictment for political purposes will be for taxes in New York and election issues in Georgia. Both are launched by Democrats.

The SPECIAL MASTER is so necessary because the problem with such a raid is that the FBI gets to make the pretend inventory. They could claim they found child pornography on his computers. This is the problem for the FBI “raid” was political. In my own case, they did the same. They NEVER provided ANY inventory of what they took from the office. In my case, they then conveniently claimed everything was destroyed in the World Trade Center. They took all the tapes from my office where in the industry the line is recorded so nobody can say you said buy when you said sell.

What was on those tapes was enough to send many in New York to prison for 20 years+ admitting to even bribing Russian officials to recall Platinum for a trade. Hence, the REAL significance of a Special Master is he will now review what the FBI actually took and there will have to be a real live inventory. That was a MAJOR victory. It will also open the door to exposing the validity of the entire search. When Judge McKenna was trying to protect me and order the government to explain what I was even being charged with, the government had him removed from my case so they did not have to answer and put in a pro-government judge who would do as they told him. They sealed the record so I have no idea what even the arguments were to remove the judge.

Trust me. In a high-profile case, the judge does as they are told. For Trump to with this motion for a Special Master, in a normal case, that is one in a million. This has led to such a risk of major civil discord, I believe the Judge had no choice. She was ALSO not the magistrate, assistant to a judge basically, who granted the search. A magistrate could not hold a trial. They are the lower level people who grant bank of will rubber-stamp a search warrant as took place here.

Additionally, if she denied the Special Master, Trump would have appealed and p[probably could have been at the Supreme Court before the election. Even MORE significant, this was granted on a HOLIDAY – meaning this was the emergency judge delivering this opinion.

A MAGA Infiltrator Speaks About the Extremism He Encountered Within the Movement


Posted originally on the conservative tree house on September 5, 2022

Ridicule is an important weapon in World War Reddit.  {Direct Rumble Link}

Damon Imani on Twitter ]