The Broker – Vladimir Putin and Recep Tayyip Erdoğan Schedule Meeting in Turkey Next Month


Posted originally on the CTH on January 29, 2024 | Sundance

While Turkey is a NATO ally, Recep Erdogan strategically refused to participate in the process to ostracize Russia.  True to Erdogan’s strategic political interests of being an influence broker, Turkey is the only NATO country that does not participate in the sanctions regime against Russia.  Next month Russian President Vladimir Putin will travel to Turkey for diplomatic discussions.

Turkey represents the literal gateway for most Western travel into and out of Russia.  However, first things first.  Despite the position of Turkey, notice how Hungary receives all the EU admonitions for not supporting the Ukraine side of the conflict, while NATO/EU never criticize Turkey who never even joined the EU/Western sanctions regime.  Inside that hypocritical contrast there is a revealing story.

Turkey established themselves as the neutral entity for future brokering negotiations between Russia and Ukraine.  Turkey has multiple geopolitical ties to Russia, including the purchase of Russian military equipment.  Apparently, despite the severity of the original sanction demand, Western interests -specifically the U.S. government- had no issue with Turkey proactively taking their ‘neutral’ position.  Always remember this.

Given all of the domestic headlines in the USA, there is a very good reason for Americans to keep paying attention to all things that happen in the orbit of Russia right now. Many people ponder the issue of a dollar-based central bank digital currency; however, only a few people have paid attention to the self-fulfilling prophecy of the CBDC that was created by the Russian sanctions regime.

Those who ask about the possibility/probability of a dollar-based CBDC, and the possibility of the timeframe therein, should always be referenced back to the Western financial sanctions against Russia.  It was that triggering point that put the USA and Western alliance on the irreversible path to the U.S CBDC, and the process is no longer a matter of “if” because the determining issue is no longer (primarily) in U.S. control.

The de-dollarization of half the trade globe, the general cleaving of finance that followed the Russian sanctions (see the efforts of BRICS+), has essentially created a system where major economic nations are trading between themselves in non-dollar-based exchanges.  India trades with Russia in Rupes to Rubles. China trades with Russia on old fashioned ledgers of value (due to proximity somewhat of a quasi-bartering system); Iran, Saudi Arabia, Egypt, South Africa and a host of non-Western nations are all in various stages of direct trade in national currency outside the dollar zone.

At the core of the issue behind the question of a U.S. or dollar-based Central Bank Digital Currency, you will find this global financial cleaving.   Intra-Western trade (USA, Canada, Australia, New Zealand, Japan and the EU) is still done in dollars, and trade done into the Western system is still done in dollars.  Ex. if China wants to trade into the USA, they must complete transactions in dollars. However, trade from grey zone to grey zone nation is no longer contingent upon dollars.

Very few people are talking about these new financial trade alternatives. Yet ultimately, this cleaving is likely what will result in a dollar-based U.S CBDC.   Remember, the need for alternative trade currencies was triggered in time by the immediacy of the sanctions against Russia.  I do not believe the Western financial alliance thought the Russian allies could assemble the alternative so quickly.

If the DoS and CIA truly believed the sanctions would cripple Russia, it’s then likely our institutions vastly underestimated the prior diplomatic talks that preceded those sanctions.  As a big picture consequence, no geopolitical issue is as connected to your kitchen table as anything that connects with Russia.  So, pay close attention to how Russia is engaged by the rest of the non-Western world (grey zone), and you will get a good idea about the speed and timing of a pending U.S. CBDC.

As soon as the grey zone trade is predicted to take place in non-dollar terms, the U.S CBDC will be fast-tracked.  The only way for President Donald Trump to stop the CBDC process would be to immediately end the Russia-Ukraine conflict and subsequently remove the sanctions. [And that might not even work.]  As long as there are financial trade blocks based on dollars and who we like, there will be an easy justification for the financial cleaving to continue.

RUSSIA – Russian President Vladimir Putin will visit Turkey next month in a rare foreign trip to a NATO nation, according to a Kremlin announcement on Monday.

Yuri Ushakov, a top adviser to Putin on foreign policy matters, told the Interfax news outlet that “a visit is being prepared.” As to the purpose of the visit, Ushakov added: “I can say that Ukrainian issues will probably be one of the main subjects of negotiations.”

Though a key NATO nation, Turkey and its president, Recep Tayyip Erdoğan, serve as a rare diplomatic bridge between the Kremlin and its Western rivals. Since Russia’s full-scale invasion of Ukraine on February 24, 2022, Ankara has supported Ukraine with military supplies while refusing to join Western sanctions on Moscow.

Turkey has positioned itself as a mediator between the two nations, hosting two rounds of peace talks in Antalya and Istanbul in 2022. Turkey was also key to the Black Sea Grain Initiative that temporarily facilitated the export of agricultural products from southern Ukrainian ports amid Russia’s naval blockade.

Following a phone call with Ukrainian President Volodymyr Zelensky at the beginning of this month, Erdoğan said Ankara remains ready to help “establish lasting peace, stability and prosperity in our region.”

“We have previously acted as a host country for direct talks between the parties to the conflict,” the president said. “We are, as before, ready to do our best in this matter and act as a mediator….Ukraine in order to take joint steps with Russia certainly needs to soften its position.”

Putin last visited a NATO nation in 2020 when he traveled to Germany to meet with then-Chancellor Angela Merkel. His Western travel options have been limited by his war on Ukraine and the arrest warrant issued for him in 2023 by the International Criminal Court over alleged related crimes. (read more)

I really do not like Turkish President Recep Erdogan.  His political policy is full of dangerous self-interest (Muslim Brotherhood) and thirst for power (recreation of the Ottoman empire).  However, on the issue of ending this Russia-Ukraine conflict, I will admit Erdogan has positioned himself very well.

If Trump wins in November, Erdogan will play a major role in the end of hostilities.

You might even say Erdogan holds the key to eliminating the self-fulfilling prophecy of a US CBDC that Obama/Biden created.

Interview: Gold Surges Between War-Driven Inflation Dynamics


Posted originally on Jan 14, 2024 By Martin Armstrong |

Interview with GoldSeek Radio:

Head of Armstrong Economics, Martin Armstrong, reviews charts of the major indexes in real-time, noting “2024 could be a chaotic year.”

– Interest rates rise during boom periods.

“Yeah, I think people have to understand that the vast majority of analysis out there is all domestic. They’re just calling for the Fed and I think so many of them are talking about a major crash in 2024. What they never do is look outside the country. And honestly, if you look at the 3 indexes look at the Dow, the S&P, and then the NASDAQ, you’ll see the Dow leading.

And that is basically showing you that what’s going on here is international capital inflows. I mean, the more it’s getting crazy for wars just about everywhere. From Asia, you’re looking at the Middle East. You’re looking at Europe. We have probably more institutional clients than anybody in the world and they’re all starting to wake up a little bit and hedging their bets and they’re moving money to the States. That’s why the Dow has been rising, more so than you see. We have probably more institutional clients than anybody in the world and they’re all starting to wake up a little.

… but then again you have people just looking at the Fed and talking about ‘Oh, transparency.’ And is they only ever keep talking about old defense, going to ‘Lower rates, lower rates, lower rates.’

If you really look at it, objectively, interest rates always rise during boom periods, and they decline during recessions and depressions. We are looking at increased inflation, probably into 2028 caused by shortages and war. But you’re looking at a declining economic growth, so that ends up being more like the 1970s…and you’re looking there at what we call “Stagflation” where the inflation rate will be higher than economic growth.

– Increased inflation could erupt due to supply shortages and skirmishes.
– Stagflation similar to the 70’s could soon come to the domestic economy.

“That was basically caused by OPEC raising the price of oil dramatically and that created a cost-push inflation. So everybody’s costs were rising dramatically. Anything that had to do with plastic, went up dramatically and that created eventually the inflationary boom between 1976 going into 1980. As for gold rose to $875, etc…I think gold was about a $100 in 1976 and it rose to about $400 but that was by December 1979, the last six weeks of the rally, which peaked in 1980 on January 21st. So from December to January 21st, that’s when Russia invaded Afghanistan. So it was the geopolitical stuff that took gold from $400 to $875. So it’s important to understand inflation is not the major driving power but inflation when war is around – that’s what broke Bretton Woods…it was the Vietnam War.”

– Funds may be flowing into the blue-chip Dow Jones 30 stocks from global unrest.
– Geopolitical opinion and commentary.

Canada Limiting Oil and Gas Industry Emission


Posted originally on Dec 8, 2023 By Martin Armstrong 

Crude Oil Production

Canada has announced a plan to use a cap-and-trade system to impose greenhouse gas emission limits on its oil and gas industry. Under the “draft framework,” Canada will issue emissions allowances to oil and gas producers, which will be capped at levels between 35% and 38% below 2019 levels, beginning in 2030. The government will then continue to lower allowances in stages until the industry reaches net zero by 2050.

Ottawa plans to finish drafting regulations by next year, with a final plan in place by 2026. Environment Minister Steven Guilbeault called the plan “ambitious” but “practical.” “It considers the global demand for oil and gas, and the importance of the sector in Canada’s economy, and sets a limit that is strict, but achievable,” Guilbeault said. This is all part of Prime Minister Justin Trudeau’s plan for Canada to achieve net-zero emissions by 2050, which he announced during his election in 2021.

Critics state that the timeframe is simply not achievable for the world’s fourth-largest oil producer and fifth-largest natural gas producer. Federal Energy Minister Jonathan Wilkinson admitted that the government is uncertain how they will implement these measures without shutting down production entirely. A failed execution “would essentially make us poorer in Canada and make our American friends or folks in Saudi Arabia or elsewhere richer,” he stated.

Globalists everywhere are making lofty pledges on the heels of the COP28 summit. The only rush comes when attempting to meet these arbitrary targets. The only reason governments are targeting 2030 and 2050 is because they were directed to do so by Klaus Schwab and the globalists at the World Economic Forum. It will be interesting to see the final plans for this idea that sacrifices Canada’s economic health for the climate change psyops.