The Crypto Contagion – More Lows into 2023

Armstrong Blog/Cryptocurrency

Posted Nov 15, 2022 by Martin Armstrong

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This FTX scandal is the death nil for cryptos. At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, this is perhaps the worst I have ever seen and it comes from trading losses from kids that had no experience whatsoever with regard to trading. They obviously did not even understand fiduciary responsibility.  MF Global was taking client money to trade in London and got the market wrong. Bernie Madoff remains a mystery wrapped up in a political enigma.  From 1991 to 2008, Bernie and Ruth Madoff contributed only about $240,000 to federal candidates, parties, and committees. Madoff was not trying to buy influence as was taking place at FTX. Maxwell mysteriously died in 1991 when his trading scandal surfaced, but he was also secretly backing the communist coup against Gorbachev in 1991.

Then there were the accounting scandals of ENRON and Worldcom whereby to hide their losses and failures, they engaged in accounting fraud to cover up the true story. But there were not using other people’s money to trade, they were hiding their bad performance from shareholders hoping to make a comeback.

That is the common denominator. I have been called into many crises. The one thing that always runs through the problem is the refusal to admit a mistake. That seems to lead to losing trades continuing to be held in hope of the infamous COMEBACK. The motive seems to be the same and many of the problems I have been called into to help solve have been in corporations where some strategy went wrong. In these cases of ENRON, Worldcom that were allowed to fester. The trading scandals are perpetuated in the hope that the next trade will win it all back.

Crypto contagion instigated by FTX, has only gotten more interesting since Sam Bankman-Fried sent a series of cryptic tweets spelling out the words “What HAPPENED” after his wealth wipeout. After the collapse of FTX, we are looking at a collapse in confidence in all digital assets.

With this degree of collapse in even Bitcoin, there will be more bankruptcies lining up. Inexperience dominates this young field and facing a stiff recession ahead going into 2023, this meltdown is not over yet. The low in Bitcoin from 2021 high is not likely before 2023. Thus – as they say – it ain’t over until the fat lady sings (a reference to Opera).

Dear Tyrants, You’re LOSING!

ProgressiveTruthSeekers Published originally on Rumble on November 9, 2022

We are the good people who base their values on evidence and appreciate civil discourse. Challenges are a good thing; they strengthen us and forge our identities. They free us from complacency and limited thinking. They free us from living life on autopilot. When challenged, live in grace; no fear, no retreat, no surrender. You are not alone, and we SO got this!

America Quietly Prepares for Nuclear War

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

I mentioned in a prior post that the US was purchasing anti-radiation medication. The media is urging the public not to fear as this is simply a precaution. Yet, the US would not have shelled out $290 million on a drug if the intelligence agencies did not fear the potential of a nuclear attack.

The US Department of Health and Human Services downplayed the severity and said that this is part of its “long-standing, ongoing efforts by the Administration for Strategic Preparedness and Response to better prepare the U.S. for the potential health impacts of a wide range of threats to national security.” Of course, Joe Biden fanned the flames of panic by stating there was a risk for a “nuclear Armageddon” not seen in 60 years. “We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis,” Biden said. Obviously, no nuclear weapons were used then, and America is the only nation to have used one during war. However, the US is certainly taking the threat of nuclear war with Russia seriously.

The government is purchasing a drug called Nplate that was approved by the FDA in 2021 to treat radiation syndrome. “Nplate is indicated to increase survival in adults and in pediatric patients (including term neonates) acutely exposed to myelosuppressive doses of radiation,” the company notes. Although not a worthy source, the Centers for Disease Control and Prevention (CDC) said that Acute Radiation Syndrome (ARS) occurs in four stages.

The four stages of ARS are:

  • Prodromal stage (N-V-D stage): The classic symptoms for this stage are nausea, vomiting, as well as anorexia and possibly diarrhea (depending on dose), which occur from minutes to days following exposure. The symptoms may last (episodically) for minutes up to several days.
  • Latent stage: In this stage, the patient looks and feels generally healthy for a few hours or even up to a few weeks.
  • Manifest illness stage: In this stage the symptoms depend on the specific syndrome and last from hours up to several months.
  • Recovery or death: Most patients who do not recover will die within several months of exposure. The recovery process lasts from several weeks up to two years.

It is peculiar that the drug was approved for radiation a year prior to the war breaking out in Ukraine. The drug has never been tested on humans, and the results are not guaranteed. They certainly were not testing monkeys with a radiation dosage even close to that of a nuclear weapon. Of course, this was another NIAID-funded research project. They were testing mRNA drugs and COVID vaccines before the pandemic began too.

“In the study, 80 monkeys exposed to a life-threatening dose of radiation were randomly assigned to receive a single injection of either romiplostim or placebo one day after radiation exposure. All animals were given standard supportive care, including fluids, anti-ulcer medication, anti-nausea medication, pain medication, and antibiotics. After 60 days, 29 of 40 monkeys in the romiplostim group had survived compared to 13 of 40 in the placebo group.”

How could they top the fear-mongering of COVID-19? Nuclear war. Stay inside because of radiation and take your shots to survive. The nuclear Armageddon could occur at any moment! After 2020, anything is possible.

The Dark Side of Ukraine

Armstrong Economics Blog/Ukraine Re-Posted Oct 5, 2022 by Martin Armstrong

QUESTION: You said Bucha was not a massacre by Russians but staged by the neo-Nazis. What proof do you have?


ANSWER: I am glad you believe the one-sided propaganda. I know Ukraine well and its culture. I have reliable sources there. I do not reveal them for I must respect their protection. There is substantial evidence that this is typical Ukrainian propaganda. Even the US Pentagon refused to attribute this to Russia and I know NATO has videos proving this was staged. Even the Mayor posted a video on Telegram on March 31st announcing that the Russians left Bucha. He was joyful that his town had been liberated. He does not mention any corpses on the roads and terrible destruction. It was two days later when photos and videos of people lying along the road appeared and claims of hundreds of dead Ukrainians. The Neo-Nazis have been staging war crimes from the start.

There are numerous foreign soldiers who volunteered for Ukraine and then have returned shocked at the extent of the war crimes carried out by Ukrainians. You have no idea of the seething hatred of all Russian-speaking people in the Donbas or in Russia. A significant number of Ukrainians have no problem killing and torturing Russians. If you did your research, the extent of the cruelty of the Ukrainian Nazis even shocked the German Nazis. They would cut out a baby of a pregnant woman and so in a live cat. They killed countless people from Poland and the Russians as well as Jews.

They do not teach what the Ukrainian Nazis did in Ukraine because it was too horrible. One report stated:

“Some Ukrainian educators believe the Holocaust is not an appropriate topic for
teaching because in a Holocaust course a professor would need to let Ukrainian
students know that some Jews were betrayed to the Nazis by Ukrainian neighbors. In
addition, the OUN and UPA took part in the annihilation of Jews in western Ukraine,
and this knowledge can shock young Ukrainians. ” id/pg 205

At Babi Yar, during the Ukrainian Holocaust of WWII, the Ukrainian Nazis murdered 33,000 Jews in the ravine over just two days. July 11th is the day of remembrance where the Ukrainian Nazis slaughtered 100,000 Polish and to this day, Ukraine has refused to issue a formal apology. The documentation is extensive. The sheer hatred of Ukrainian Neo-Nazis is unprecedented in history. They make the German Nazis look like boy scouts.

The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.

The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:

  • Running children through with stakes
  • Cutting a person’s throat and pulling their tongue out through the hole
  • Sawing a person’s torso in half with a carpenter’s saw
  • Cutting open the belly of a woman in an advanced stage of pregnancy, removing the fetus, and replacing it with a live cat, before sewing up her abdomen.
  • Cutting open a pregnant women’s abdomen and pouring in broken glass
  • Nailing a small child to a door.

I have videos that are too horrible to show of Ukrainians torturing Russian soldiers today, nailing them to a cross, and then setting them on fire. There are numerous foreign soldiers returning who are totally disgusted by what they have witnessed in Ukraine. One reported that they simply shot all the Russian soldiers they captured. Nobody will tell the truth because as long as they hate Russia, then Russia’s enemy is the West’s friend. The Ukrainian Neo-Nazis have been the most ruthless people I have ever encountered in history. Add to that, Ukraine is the most corrupt country in Europe even declared by the IMF. In fact, they may be the most corrupt in the world.

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:


Russian Anti-War Protests & the 3rd Generation

Armstrong Economics Blog/Russia Re-Posted Sep 22, 2022 by Martin Armstrong

After many discussions from both sides of the Ukrainian conflict, I believe that my observation of a generational shift is important. The cycle is always driven by a cyclical nature that, in part, is driven by changes in attitudes between generations. The anti-war protests in Russia rose from the youth over the Ukrainian war. What is unfolding in Russia is because the youth protesting has never known war. They are too young even to have known about the Afghanistan invasion of 1989, which was 33 years ago. This stands in contrast to Americans who have known nothing but endless wars one after the other. I have family who has fought in Afghanistan and Iraq. Most of us have at least known someone who has fought there. War has become more of a normal occurrence to Americans, although many have disagreed with this policy of endless wars including Donald Trump.

The problem Russia has is that war is always created by the political class. It is this older generation that sees war always as an option and they are now in charge of most Western countries. Add to this, the Ukrainian war is REALLY being driven to defeat Russia for climate change. The World Economic Forum is pushing war behind the scenes with the excuse that Russia must be defeated to end their production of fossil fuels and give birth to Schwab’s New Age of dictatorship (Great Reset) to save the planet. This requires our surrender of freedom and reliance on fossil fuels and if had his way, we would all have chips implanted in our heads to prevent rebellions.

The words of wisdom behind cycles may be, in part, the Chinese proverb, 富不过三代? Roughly translated, it means “You can only keep wealth in the family for three generations.” What tends to emerge is the third generation seems to typically experience apathy. The second generation will often clash with the first not seeking to follow in the same footsteps and as such by the third generation, whatever company they formed will typically collapse unless it is sold off and becomes a public company. This is the fate of most businesses, but it is also the fate of political ideas.

Those above holding the reins of power over us mortal peons, always know better. Both Bill Clinton and Obama were tough on illegal immigrants. Obama deported more illegal aliens than even Trump. Something changed and Biden just reads the cue cards so the shift in direction to be a climate zealot was not his personal initiative, but he does as he is told. When he blurts out things that are outrageous, the White House immediately clarifies and tries desperately to whitewash what he says.

This was with Russia is on and it is more about climate change than anything else. The hope is to defeat Russia, subjugate its people, and bring it into the new world order of controlled poverty for about 50% of the Russian people will be on welfare if the mining for natural resources comes to an end. Putin understands the game and his words are not being heard by the youth who have not known war. To them, they do not understand the agenda.

This war was PROVOKED to ensure that Putin would take the bait and invade Ukraine. The day before his invasion on February 24th, 2022, Zelensky stood up and said he was breaking all previous agreements of neutrality and that Ukraine would arm itself with nuclear weapons against Russia. The US invades Iraq on the claim that they had “weapons of mass destruction” and they deliberately pushed Putin to invade so they could claim he was the aggressor.

In 2014 and the overthrow of Yanukovich, the West installed their “interim” government which was UNELECTED, and instantly sent the army to attack the Donbas. McCain promised the Ukrainian Neo-Nazis funding to wage war against Russia as soon as Trump was elected in December 1996. When Trump refused to fund McCain’s endless wars against Russia, then Trump became his hated enemy and his legendary attitude of holding a grudge was carried out right to his grave insisting Trump was not to speak or attend his funeral. He was the worse person I ever met on Capitol Hill.

McCain was pushing Obama to invade Syria to push through a gas pipeline to Europe to undermine Russia. It was McCain who wanted nukes in Checkosovakia and pointed at Russia against the people’s will. He spent his entire life in a grudge match against Russia and that began long before Putin ever came to power. He was the header of the pack of Neocons.

There are Neocons, and Hillary was one of them. They cannot sleep at night without dreaming about how to destroy Russia and China. This is the hateful generation of leaders who will take the world to war. Peace will only come when they finally expire from this world and then the third generation will start all over again.

Zelensky to head US Defense Industry Conference

Armstrong Economics Blog/Corruption Re-Posted Sep 16, 2022 by Martin Armstrong

The military-industrial complex continues to grow with the proxy war. The annual Future Force Capabilities Conference and Exhibition hosted by the National Defense Industrial Association (NDIA) will feature none other than Zelensky as their keynote speaker, as well as his minister of defense, Oleksii Reznikov. Everyone in attendance is directly profiting off of the war. The IRS deems the NDIA to be a nonprofit organization when in fact, it is blatantly lobbying.

Defense contractors need war, as do corrupt government officials who prosper off of pain. America has already provided Ukraine with over $15 billion since February, yet Zelensky is poised to request more funding and weapons at this meeting.

Boeing Defense, Space & Security; L3Harris Technologies; Raytheon Technologies; BAE Systems; Lockheed Martin Corporation; Huntington Ingalls Industries; General Dynamics; and Northrop Grumman all met in April to discuss how they could profit off of the war. The Pentagon recently announced (see video above) that they want to set up “the backbone of a Ukraine force…for years to come.” Meanwhile, the US military is suggesting that its own soldiers, 24% of whom are food insecure, begin applying for food stamps.

The Biden Administration seems to have unlimited funds for Ukraine. This event will show all the “innovative” ways that the US can pay to kill Russian soldiers on behalf of Ukraine “for years to come.”

Nuts, Biden Administration Plans to Ask Congress for Another $14 Billion For Ukraine

Posted originally on the conservative tree house September 3, 2022 | Sundance

This has become absurd.  According to an AP report, Joe Biden is planning to ask congress for an additional $13.7 billion for Ukraine within a budgetary request for $47 billion spending package.

According to the report the Ukraine spending request will be inside a package for additional COVID-19 spending, Monkeypox spending and other domestic relief.

WASHINGTON (AP) — President Joe Biden is asking Congress to provide more than $47 billion in emergency dollars that would go toward the war in Ukraine, the response to the COVID-19 pandemic, the ongoing monkeypox outbreak and help for recent natural disasters in Kentucky and other states.

The request, which comes as lawmakers are preparing to return to Washington and fund the government, seeks $13.7 billion related to Ukraine, including money for equipment, intelligence support and direct budgetary support. Shalanda Young, the director of the White House Office of Management and Budget, said that more than three-fourths of the $40 billion approved by Congress earlier this year has already been disbursed or committed.

“We have rallied the world to support the people of Ukraine as they defend their democracy and we cannot allow that support to Ukraine to run dry,” Young said in a blog post.

[…]  In Friday’s request, the White House is seeking $7.1 billion to procure additional vaccines and for replenishing personal protective equipment in the Strategic National Stockpile, among other measures. Another $8 billion would go to accelerate research for next-generation vaccines and therapeutics.

Biden is also seeking $2 billion to continue COVID-19 testing programs, including an initiative to distribute free at-home tests that ended on Friday as the government says it is running short on funds. White House officials say they have some tests left in the stockpile, but not enough to provide free tests if cases sharply increase. (read more)