Category End of Fossil Fuel

Nov 13 2022

Interest Rates Rise will Not be Slow


Armstrong Economics Blog/Interest Rates Re-Posted Nov 13, 2022 by Martin Armstrong

This interview with FXStreet is from 2015. Some are surprised at the consecutive rate hikes, but our models have been indicating for a very long time that rates would rise rapidly. There would be no soft landing. Central banks maintained artificially low rates for far too long and were backed into a corner. They created a problem long ago, and it will cause pain for “some time,” as Powell usually states, for the situation to be under control.

Nov 13 2022

Media Declaring Democrat Victory in Nevada Senate Race, Amid Significant Disparity Between Governor Race Outcome in Same State


Posted originally on the conservative tree house on November 12, 2022 | sundance 

The media is declaring Democrats have won the Nevada senate race with Catherine Cortez Masto defeating Republican Adam Laxalt.  This gives the Senate to the Democrats with 50 seats, Republicans with 49 and the Georgia runoff still outstanding.  [Media Report]

Something is very weird about this Nevada outcome, when you compare the Governor race on the same ballot.

With Laxalt previously ahead, and with his previous vote percentage in alignment with Republican Governor Candidate Joe Lombardo, it appeared Laxalt was positioned for victory.  However, apparently the Democrats gained post-election ballots where the Democrat on the Senate race was supported, but the Democrat in the Governor race was not.

Democrat Cortez Masto (Sen) surged late in the ballot counting and carried 15,000 more affirming ballots than Democrat Sisolak (Gov).  This seems odd and suspicious; however apparently, we are not allowed to notice these things, lest we be considered conspiracy theorists.

It is very rare for a split ballots to surface in a high-profile race where a Republican governor would win, and the Democrat Senator would win.  However, the outcome in Arizona and Georgia is of a similar construct amid the ballot trend.  Split races in the Governor and Senate outcomes.  All very weird.

It wasn’t “democracy on the ballot,” it was something else entirely.

Democracy per se’, was in the voting, not the ballot collecting.

Oct 13 2022

Biden Threatens Saudi Arabia for “Siding with Russia” Over OPEC Oil Production Cuts


Posted originally on the conservative tree house on October 12, 2022 | Sundance 

The global economic cleaving continues.  Western allied nations are intentionally shrinking their economies to meet intentionally lowered energy production, ie ‘the green new deal’.  However, as the phrase is used, “managing the transition to the green energy economy” still requires the use of oil and gas no longer being generated within the same western allied nations.

As a result of this self-serving and ideological dynamic, any foreign oil provider who restricts the western nations from having access to cheap imported energy is viewed as an enemy.  The U.S. and western alliance forbid domestic development of oil, coal and gas, but the U.S. and western alliance still need oil, coal and gas.  This is the backdrop for Biden creating a dependency on foreign oil and being angry at Saudi Arabia for lowering production. {Direct Rumble Link}  WATCH:

The era of great pretending continues.

In this example Jake Tapper pretends not to know that Biden’s policy to block U.S. oil development has made the U.S. vulnerable to foreign oil decisions.  Saudi Arabia is the bad guy for limiting oil production, but Joe Biden is not confronted for limiting U.S. oil production.  It’s a media game of pretending not to know things.

In a semi related note, do not forget the connections.  NYT/Politico are used for FBI/DOJ narratives.  The Washington Post is used for CIA/IC narratives, and CNN is used for State Dept narratives.   The US State Department is conducting the war operations in Ukraine which is the core issue in the CNN interview above.

Oct 12 2022

French Fuel Shortage Leads to Yellow Vest Resurgence


Armstrong Economics Blog/France Re-Posted Oct 12, 2022 by Martin Armstrong

The French, especially in Paris, are starting to feel the effects of the gas shortage. There are reports of cars queued for miles outside gas stations. Some have reported waiting for over an hour, only to find that there was no petrol left to fuel their vehicle.

Workers at TotalEnergies and Esso-ExxonMobil in France are on strike at the moment as well. This has led to three out of six refineries shutting down as production has been cut by 60% to 740,000 bpd. Over a third of TotalEnergies’ 3,500 stations are low on petrol. Workers are seeking a 10% salary increase as they feel the oil companies are reaping in profits amid this crisis.

President Emmanuel Macron has urged the people to avoid panicking. Some believe that this situation is only a glimpse of what will come in the winter when reserves plummet and demand soars. There is currently enough fuel for about 90 days.

The climate zealots of the Yellow Vest movement are prominent in France. The group protested for 60 consecutive weeks in 2018 and is extremely anti-Macron. They even stormed the Arc de Triomphe in central Paris. With Macron reelected and fuel woes rising, expect this movement to gain some momentum – with more support than the last go-around.

Sep 28 2022

Tucker Carlson Discusses Nord Stream Pipeline Sabotage, Almost Certainly a U.S. Covert Action Against Russia


Posted originally on the conservative tree house September 27, 2022 | Sundance 

Tucker Carlson accurately outlined the most likely suspect of the sabotage against Russia’s Nord Stream I and II pipeline today.  When you consider the media blitz by Joe Biden’s National Security Advisor, Jake Sullivan, last weekend (ABC, CNN, NBC and CBS); specifically pointing out the U.S. position against Russia; it is almost a certainty that U.S. action was behind the underwater detonation of explosives to take out Nord Stream pipeline system.  WATCH:

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Sep 20 2022

Live Interview with RT Moscow


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 20, 2022 by Martin Armstrong

Live Interview with RT Moscow

I was asked to speak live on RT. Tune in to learn more about inflation, sanctions, war,  the energy crisis fueled by the Green Agenda, and the forever-changed world economy. click here to watch.

Sep 9 2022

Electric Air Taxis Coming Soon


Armstrong Economics Blog/Technology Re-Posted Sep 9, 2022 by Martin Armstrong

Technological advancements are quite an amazing achievement. Although I never thought I’d see them in my lifetime, electric air taxis may become commonplace in the not-so-distant future. United Airlines announced that they are investing in air taxis from Eve Air Mobility and have already purchased 200 four-seat electric aircrafts. Eve, which was listed on the NYSE in May, will receive an additional $15 million investment from United. Flying taxis or eVTOLs (electric vertical take-off and landing vehicles) are designed for short commuter trips.

United also purchased 100 electric aircrafts from Archer Aviation. They expect the first shipments to arrive in 2026. Airlines Ventures President Michael Leskinen projects that a one-way trip to the airport would cost between $100 to $150, but these air taxis only have a range of 60 miles. This is a workaround to abide by the coming zero carbon emission laws but certainly will not be a replacement for affordable public transportation that many in the working class rely on.

Much is unknown about this new technology. Eve plans to hold a simulation later in the week in Chicago to study how eVTOLs will function in an urban environment. It is always refreshing to see technological advancement as innovation paves the way for opportunity.

Sep 9 2022

Secretary Yellen Celebrates Treasury Policy Making “Future U.S. Economy Dependent on the Wind and the Sun”


Posted originally on the conservative tree house on September 9, 2022 | Sundance 

Every institution of the JoeBama administration is filled with climate change ideologues. Never is that more abundantly clear than a U.S. Treasury Secretary who celebrates the future of the U.S. economy becoming “dependent on the wind and the Sun“.  {Direct Rumble Link}

[Transcript] – “Our plan – powered by the Inflation Reduction Act – represents the largest investment in fighting climate change in our country’s history. It will put us well on our way toward a future where we depend on the wind, sun, and other clean sources for our energy. We will rid ourselves from our current dependence on fossil fuels.” (link)

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To understand the scale of the ideological effort, review this earlier statement in her prepared remarks, “In markets where we could not help lower prices by expanding supply, we have aimed to mitigate the pain directly, through cost relief.”  The admission here is that ideologically the Biden administration cannot expand energy supplies to lower energy prices without compromising their climate change mission.

[Full Transcript Here]