Kanye says white lives matter, Joe Biden is Puerto Rican, and you’re a homophobe if you don’t want to see a gay sex comedy. We’ll make sense of all of it! We also check in to see how crime is going in NYC only to discover the “Green Goblin Gang.” #whitelivesmatter #kanye #bros
Even Jeffrey David Sachs, an American economist, has come out and said on TV, as the journalists go nuts, that the US destroyed Nord Stream. Everyone I have spoken to from around the world, including high levels, all believes the US did this and I know there is a think tank that has recommended the US now take out the South Stream through Turkey. This was a formal act of war. Russia sees it that way, as does most of the world. This is an attempt to destroy the economy of Russia where energy accounts for 50% of its GDP. The Biden Administration poses the greatest threat to the United States for this reckless behavior. I’m sure I will get the hate mail from the Democrats. At least lower your COVID mask, and take a deep breath just for once.
QUESTION: Mr. Armstrong; Nobody knows history better than you. Will QE continue if we end up in war? It seems there would be no choice.
Thank you for your very enlightening blog.
PG
ANSWER: Yes. The Fed was “directed” by the White House to carry out QE during World War II. They were to prevent interest rates from rising and the debt rose. That finally led to the Federal Reserve breaking with the White House after the war when they expected it to continue for the Korean War. That is when the Fed asserted its independence.
This time, we may have a different problem. As the war unfolds in Europe, the capital will flee as usual to the States. But the money supply will have to increase because the dollar will become the only viable currency still standing. That is why you are witnessing the pound and the euro collapse. Things will unfold differently this time. The Fed has been raising rates to fight inflation that will fail because this has to do with shortages – not speculation.
The October 3, 2022 Emergency Meeting was closed to public observation by Order of the Board of Governors because the matters fell under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting. That said, the Fed is faced with a triple crisis – liquidity, banking stability, and an inevitable Sovereign Debt Crisis. As interest rates have risen based on domestic inflation rates, simultaneously, the higher rates have undermined both European banks as well as Emerging Markets. The Federal Reserve has become the DEFACTO central bank of the world.
This is a crisis similar in part to 1927 when the European central banks lobbied the Fed to lower rates because of their debt crisis. They lowered rates to accommodate Europe and that was then blamed on the Fed for creating the 1929 boom. This is also why FDR then seized control of the Federal Reserve and move the head to Washington and made the Chairman subservient to the President.
I know so many blame the Fed for everything. They are actually facilitating Congress. The Fed has no control over fiscal spending or the debt level. In the end, it is really the debt that has become the money supply that simply pays interest.
There was no US paper money before the Civil War. The first issues of paper money were actually a hybrid bond – they paid interest. The term “greenback” developed for “demand notes” that came later as the cost of the war rose. They no longer paid interest so what was on the back was just green ink – no interest rate table to show what the note was worth.
I will be doing a full report on this subject for the WEC. It is complex, yet exceptionally interesting for what we face.
QUESTION #1: I live in the US. When the sovereign debt explodes, and I will “own nothing “, does that mean that any car, house or property that has a loan on it will become the property of the bank and or government? Does it mean property that is paid off and I hold the title or deed will be taken from me and I will have to pay “rent” to hold on to it? Please answer by my email or on one of your blogs.
Thanks for all you do.
MH
QUESTION #2: Would you ever consider running for politics? Your experience towers over everyone out there.
BB
ANSWER: No, I am not interested in getting into politics. I have always preferred to be standing behind the curtain. If I ever stepped in front, they would quickly figure out a way I could commit suicide with a remote rifle 100 yards away and you can bet the media will say absolutely!
Now insofar as the sovereign debt default, we are looking at governments collapsing which will take down banks that must retain reserves in government bonds. Klaud Schwab is an academic. He has ZERO real-world experience. His ideas will collapse just like Marx for the one element both ignore is human nature. It cost over 200 million lives for Marx to get his theory in place. Communism collapsed because without curiosity and freedom to explore, talk, and think, all advancement of society comes to an end.
Schwab’s idea will fail because the setup is different this time. Marxism succeeded because in Russia serfdom ended only during the 1860s. Therefore, the common people DID NOT own anything and it made sense to raid the rich. This time, people own houses and cars, and they save with pensions and to help their children. This time the common people would have to surrender all their assets so Schwab’s Marxist theories can be implemented.
It is a whole different board game this time around. Our computer has NEVER been beaten by anyone, even me. It sees the future because it is monitoring everything. So while people argue over what they “think” will happen, Socrates just plugs away and lacks that human emotion that interferes with objectivity.
The 30-year bond elected a major long-term Quarter Bearish Reversal on target. This confirms the long-term outlook that we had warned back at the high that we were establishing a 5,000-year low in rates (high in bond prices). The sell signals on bonds at the end of September are very profound. This is also why you have witnessed Klaus Schwab telling everyone you will own nothing and be happy because what he is really saying is that all debt will be wiped out trying to make it sound like they are doing this for you when it is the next sovereign debt default in history.
The last Sovereign Debt Default was 1931 when Europe, South America, and Asia defaulted. Even Britain went into a moratorium on debt payments. Our models turned up on this level in March 2021 and the next Sovereign Debt Default on a grand scale is likely to unfold by 2025.
The Quarterly closing was a confirmation that we are looking at both a liquidity crisis in addition to a banking crisis that is most likely with an epic center in Europe.
Here is the Yearly Chart from 1798 to 2015 that we published back in 2016. The peak came precisely during the 1st Quarter of 2020 with the major turning point on the ECM 2020.05 reaching 191.69 on the 30-year bond. We will be focusing on this triple crisis of liquidity, banking, and Sovereign Debt Crisis at the WEC on November 11-13th, 2022.
As I have said many times, what bottoms or peaks with the ECM major turning points is typically very profound. That has been vindicated once against by the bond market peaking the first quarter of 2020 with the turning point. We have entered the STAGFLATION mode since March 14th as we head into April 2023.
QUESTION: Do you think this will turn into a nuclear war?
VR
ANSWER: The people never benefit from war. We are the instruments of those in power no matter what the government. There are people who are brainwashed and hate Russia and are demonizing Putin because that is propaganda needed to create war. They are incapable of critical independent thought. There are people trolling social media pretending to be people who are really just the Deep State pushing hatred of all Russians to justify the objective of war. The attack on the Nord Stream Pipeline came interestingly as a key target week.
If the intelligent people bothered to verify all facts before making rash decisions, they would see that the Neocons who spread this hatred have been anti-Russia and praying for war ever since the USSR fell in 1991. ANYONE who claims Russia is evil and America wears the white hat is simply either stupid or a promoter of war for the Deep State. Anyone with 10% of a brain knows well that ALL GOVERNMENTS engage in propaganda – it is NEVER one-sided.
Politico published back in 2008 a record showing that John McCain was always anti-Russian long before Putin ever came to power. It does not matter who is the head of Russia – it never has. Now they pretend Russia would be OK if Putin is removed. That is the typical propaganda always changing to support the same objective. These people are playing a very dangerous game for the hardliners are still there behind Putin and blowing up the pipelines has now shown Russia that this is a war intended to defang and declaw the bear assuming they would even allow it to still breathe. That means that pushed up against the wall, Russia will have no choice but to use at least tactical nuclear weapons.
It was the assassination of the Archduke that launched World War I. That entire region is stained with hatred that goes back centuries. This hatred of the Russian people is merely an extension not so different from the hatred of Catholics in England that resulted in the civil war and the beheading of King Charles I. We are once again looking at drawing the entire world into a conflict that will stain the entire globe with the blood of soldiers and civilians for centuries to come, China will end up siding with Russia as will North Korea, and parts of the Middle East. Just as World War I was over an assassination, the hatred in Ukraine will draw in the world over a patch of land occupied by Russians for centuries. Everyone’s lifestyle will be irrevocably altered by the cheers and the drums beating for war.
I have all the declassified documents and history is entirely different than the propaganda we are led to believe. NATO offered to absorb Russia in 1991. That is what sparked the coup against Gorbachev on August 18th, 1991. The hardliners saw that as the surrender of Russia to the USA – total defeat. That is when Yeltsin stood up on the tank and pleaded with the troops not to support the coup. The military then backed down and support for the coup collapsed.
My sources have always been incredible. I do not make shit up and I do not rely on my opinion. I even have the documents that show Robert Maxwell, the father of Ghislaine the girlfriend of Jeffrey Epstein, supported the coup by cutting a deal backed by Israel if the generals agreed to release all the Jews so they could migrate to Israel. He amazingly fell off his yacht and didn’t know how to swim. Bet you didn’t know that one either. Robert Maxwell was at least a double agent and possibly a triple agent. He met with Russian leaders often. Jeffrey Epstein committed suicide when the guards fell asleep and the video cameras didn’t work that time. Endless coincidences no doubt.
Russia must die in the minds of the Neocons. They will not be satisfied by anything else. The Neocons funded the Taliban in Afghanistan, which was a proxy war against Russia. They then used the weapons against Americans.
The Neocons funded the Chechen terrorists and I have the declassified documents of Yeltsin telling Obama this had to stop. Obama tried to invade Syria because Assad refused to allow Qatar to build a pipeline to Europe. McCain was there at Maidan to support the Ukrainian Revolution and promised support for the Neo-Nazis to attack the Donbas.
Anyone who is pushing the narrative that it’s all Putin and we must wage war against him is preaching the agenda for the Deep State. They have their fake people on social media and direct the mainstream media to push their agenda. As I have said, war is just an extension of politics. The people have NOTHING to gain from war. The best we can achieve is to come home unharmed to a family that is still there.
As Henry Kissinger warned, the Donbas should have been let go. Why fight for land occupied by Russians anyhow? This makes no practical sense unless we look at this as war is just an extension of politics and this is not about the Donbas or even Ukraine. This is simply a thirst for war and it is always the leaders who create war – not the common people on both sides. This is simply a grudge match and we are in the middle.
So the answer is simple. There is no other outcome but war and it will unleash at the least tactical nuclear weapons. The Ukrainian people should understand that they are the cannon fodder and nobody gives a damn about them or their country. This is all about the USA v Russia. You can ignore the facts. As Hermann Goring said: “the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism.” There are no peacemakers left anymore! This is not about supporting the USA or Russia. This is about supporting the people who are always the victims.
COMMENT From Europe: Message: have any connections with either Russia or Ukraine and do not care if Donbas and Crimea belong to Russia or any other nation. Europeans just want to go on with their lives in peace but now have to pay a high price for the sanctions. People are starting to question the sanctions and want the gas to flow again. So the anger is turned against our own political leaders over the sanctions.
By destroying the pipelines people no longer can complain. So that also points to the climate zealots in the west being responsible for the sabotage and not Russia. How it was presented in the media also points to the west. It was a ready media package with the Danish air force taking pictures of the leak and Swedish seismologic data to show it was an explosion. The information was intended for us in the west. Look they have blown up the pipelines. And Germany was fast to say that the pipelines were destroyed forever and can not be fixed. Without any facts. Then the day after a spokesperson from the Nordstream company said they would investigate the damages after the gas has run out.
Regards MS
REPLY: This is why being a student of history, I am not supporting Putin, or being a Republican against Democrats, or whatever other explanation some may try to apply. I am warning that we are being manipulated into war for ulterior purposes. Hermann Goring was asked at the Nuremberg trials WHY DID THE PEOPLE FOLLOW HITLER? His response was perfectly correct, despite the fact that many just preferred that the German people were inherently evil and different from the rest of the world. As he said, the very best outcome is you get to return home unharmed. He stated the truth “it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along.”
This is simply the way it is. The leaders create all wars, NEVER the people. War is merely a continuation of politics that moves to violence. Like two guys arguing in a bar. Many times, one becomes so infuriated unable to win the argument verbally, so they begin to throw punches. What do we have to gain from war? Absolutely NOTHING other than hoping to return in one piece and we still have a home and family to return to.
The Prince of Savoy was one of the greatest generals who fought for many kings. He was the inspiration behind our Second Amendment – the right to bear arms. Why? He concluded that kings maintained standing armies at great expense. He argued that kings waged war simply to use their armies. Hence, he proposed that we all have the right to bear arms and that we have a militia military, not a standing army for that would lead to endless wars. He is correct. How many times has the US invaded some country under some honorable pretense? From the Weapons of Mass Destruction that never existed in Iraq to defeat Communism in Vietnam, where as many as 2 million civilians on both sides and some 1.1 million North Vietnamese and Viet Cong fighters died for an economic system that was collapsing all by itself.
Indeed, the French King Louis XIV’s last words on his death bed – “I have been too fond of war.”
We are plagued by world leaders who played too much with their toy soldiers. These are the real-life consequences of their games. They welcome war and have no desire for peace. There is not a single leader willing to even say – Hey, wait a minute!
Our computer has been pointing to 2023 as an absolute MAJOR crisis point in global geopolitics. The risk of international war is very real. These climate zealots are destroying our way of life the very same way that Karl Marx did which led to the death of over 200 million people between Russia and China. This time, it will be in the billions. The destruction of these pipelines may be cheered in private gatherings celebrating their victory over destroying the energy lifeline for Germany ahead of winter. They are counting on the people to pick up a gun and invade Russia. It most certainly looks to be civil unrest is coming and make no mistake about it, this was NOT Putin but intended to defund his ability to wage war.
Our models are definitive. I am merely the messenger – not the author. This gives me no pleasure whatsoever. This was the 2011 World Economic Conference held in Philadelphia that was filmed as part of the movie – The Forecaster. We were projecting it would all begin in 2014, which marked the Ukrainian Revolution and the US installation of the “temporary” UNELECTED government, which started the civil war invading the Donbas. So the people did not vote to even start that civil war. The West set that all in motion. Our computer had even targeted Ukrain would be where WWIII would begin. That was published back in 2013.
It is impossible for ANY individual to forecast such events CONSISTENTLY for decades. We are all human and just because someone was correct on one forecast based upon an “opinion” does not mean that they can forecast the future consistently. They have done everything they can to shut these forecasts out. The mainstream press will NEVER cover this because they how do they keep the line of talking heads? They have been told – do not report on this model – thank you! They never will. The governments must win. They exist to manipulate us stupid slobs to accomplish their goals.
As Goring said:“the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism.” There are no peacemakers left anymore!
The sabotage of the Nord Stream Pipelines was most likely accomplished with US intelligence. Not only is the Biden Administration intent on ending fossil fuels, but this was a strategic maneuver on how to wage war. Just as adversaries would counterfeit each other’s currencies in a desperate measure to undermine their economy to strip them of the ability to fund the war, blowing up these pipelines was a deliberate blow to inflict a death blow to the Russian economy they believe they have Putin on the ropes. Ending Russia’s #1 income, energy, they believe will undermine Putin and lead to a domestic revolution. The problem for the Russian people is that the West will NEVER accept Russia as an equal member. They indeed want to kill the bear completely.
Naturally, there are those claiming Russia blew up the pipelines. Just before this sabotage, Putin said to lift the sanctions and he will return the gas flow as reported on September 7th, 2022. There was NO POSSIBLE WAY that Putin sabotages those pipelines for that was his bargaining chip. That is now gone. He cannot now say lift the sanctions and I will turn on the gas. This was done by the climate zealots who have control of most Western governments. To even blame Russia is in reality proof that they know that this was a strategic play by the West most likely carried out with US intelligence.
The Minsk Agreement brokered by Germany and France was to allow the Donbas to vote on their separation from Ukraine. The West has totally renigged on all of that and this is intentional for the objective here is this Great Reset and the end of fossil fuels. Khruschev grew up there in the Donbas and was in charge of Kiev rebuilding it after World War II before he rose to the leadership of Russia. His successor was Brezhnev who was also born there in the Donbas. This has been occupied by the Russian people since the days of the Tsars. The border of Ukraine was NEVER Ukraine as a nation state. It was Drawn solely by Khruschev for administrative purposes. The Donbas and Crimea were always predominantly Russian
The West simply refuses to recognize that the people in that region are Russian and would naturally vote to join Russia for they are hated by the Ukrainians. In 2014, it was the West that installed a “temporary” government in Ukraine which was UNELECTED and they immediately upon orders from the USA, launched a civil war and attacked the Donbas.
This is so unnecessary and I cannot imagine any world leader before Biden would have DELIBERATELY set the stage for war with Russia. The problem is, Biden is not mentally competent. The climate zealots are running the White House. All they care about is destroying the world’s capacity to produce and utilize fossil fuels.
Unfortunately, our computer has NEVER been wrong on these major trends. It is the ONLY unbiased means of seeing the future for it is not based upon any human opinion for that is all any analyst has at his disposal right now. There is no question that these climate change zealots are out of control. They will kill more people than Marx could ever have imagined. World War III is materializing if we like it or not. We so desperately need a political revolution and vote these people out of their offices to overthrow all of these climate zealots controlling world leaders from behind the teleprompters to even hope to reduce the amplitude of what is on the horizon.
I have met and advised many world leaders. NEVER in my 40-year career have I EVER witnessed such an absurd group of world leaders who are just hurling the world into a major global war all over fossil fuels. There are no peacemakers. Like Biden, all they are doing is reading the word written by someone else. Biden is incompetent and will lead the world into disaster and the real sad part about it, he is clueless as to the risks he is putting the entire population of the world in over fossil fuels.
Click here to listen to my latest interview with Kerry Lutz from the Financial Survival Network.
Commentary from Kerry:
The world is a mess and things aren’t getting better. There’s no end in site to the Ukraine war and the situation in Europe keeps getting worse and worse. We sit down with Martin Armstrong to get the latest update. He sees gold going much higher in Q1 2023. The loss of faith in all governments keeps increasing. China is a lost cause as well. But the US is a beneficiary of everyone else’s misery. That’s just the way the world works. Martin sees a major backlash coming in the aftermath of the 2022 mid-term elections. His model is questioning whether or not the 2024 presidential election will even take place. What could possibly happen to stop it and does it matter anyway? This is a must listen to interview.
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