Category Green Energy Not Reliable

Nov 2 2022

Eurozone Inflation Reaches New High – Recession Incoming


Armstrong Economics Blog/European Union Re-Posted Nov 2, 2022 by Martin Armstrong

Inflation in the Eurozone hit a new record in October, according to Eurostat who reported a 10.7% rise. That marks an increase from September’s 9.9% posting and an all-time high since Eurostat began compiling Eurozone data in 1997. The European Central Bank (ECB) attempted to curb inflations with another 75 bps hike last week. The ECB knows that inflation is here to stay. They recently changed their annual inflation target for next year to 5.8% compared to the 3.6% they were predicting three months ago. They can’t release the actual figures without causing a panic.

Economic growth “slowed significantly in the third quarter of the year and we expect a further weakening in the remainder of this year and beginning of next year,” ECB head Christine Lagarde warned. Inflation is hitting some countries harder than others. Estonia (22.4%), Latvia (21.8%), and Lithuania (22%) all experienced nearly double the average inflation rate this October.

The downturn will not be equal across the Eurozone. The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, is warning that half of the 19 countries in the bloc will fall into a recession. “Europe is affected more severely by the increase of energy prices. The heat on European economies is such that we actually expect half of the countries in the eurozone to experience at least two quarters of negative growth. In other words, a recession,” she said, without naming the countries,” Georgieva warned. She further stated that the IMF’s pre-pandemic projections compared to current projections differ by a loss of half a trillion euros.

“I am not going to sugar-coat it: 2023 will be tougher than 2022. Next winter for Europe may be even harsher than this winter,” she declared. “Why? Because European policymakers acted very swiftly to fill gas storage. If conditions remain as they are with Russia not providing gas to Europe, how is this gas storage going to be filled next year?”

Another question comes to light – can Europe remain untied amid a serious recession? The ECB will use the same strategy in an attempt to fix the broken system for the entirety of the Eurozone instead of looking at each individual economy. Let’s not forget that deeply indebted countries will only face higher costs that they likely will not be able to repay. The ECB dug its grave in 2014, and they do not have the tools to handle the current crisis. It is easy for Europe to appear as a united front when there is peace and prosperity. The real test will come when everything crashes down, and fairness goes out the window.

Nov 2 2022

A Data Point to Understanding the DHS Portal Within Twitter is Found in Transcript of Former CEO Jack Dorsey


Posted originally on the conservative tree house on November 1, 2022 | Sundance

At this point in history, anyone who is claiming the U.S. Government is not directly coordinating with social media platforms to shape opinion and cull information adverse to their interests, is being intellectually dishonest.   There is simply too much evidence of the intelligence apparatus, specifically the Dept of Homeland Security, being enmeshed with the platforms of Twitter, Facebook, Instagram, Google and Microsoft.

The DHS justifications for the relationship all involve claims of ‘national security’ and domestic terror threats.  However, the simple and transparent motivations of the relationship are all political.  The DHS terms of “disinformation, misinformation and malinformation” are simply excuses for the platforms to adhere to the demands of the government and censor or remove discussion that is against the interests of those in power.  The truth of this is in the sunlight now.

That said, the relationship between the intelligence community and social media is one of mutual benefit.  DHS gets to conduct surveillance and control permitted speech in the public square, and in return Big Tech gets assurances of their ability to continue monopolistic enterprise and simultaneously receive subsidies on operational costs.  The legislative branch allows this synergy without oversight because the legislative branch is in alignment with the larger ‘national security’ ruse.

Into this mix it is worth revisiting congressional testimony from former Twitter founder and CEO Jack Dorsey on March 25, 2021.  The hearing was on “disinformation” [Transcript Link]:

A shared hashing protocol is a form of data system integration.   Look at what Dorsey was saying about “Blue Sky” his latest big tech initiative, on March 25,2021.

Now, remember the admissions in July, 2021:

July 26, 2021, (Reuters) – A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook (FB.O) and Microsoft (MSFT.O) is significantly expanding the types of extremist content shared between firms in a key database, aiming to crack down on material from white supremacists and far-right militias, the group told Reuters.

Until now, the Global Internet Forum to Counter Terrorism’s (GIFCT) database has focused on videos and images from terrorist groups on a United Nations list and so has largely consisted of content from Islamist extremist organizations such as Islamic State, al Qaeda and the Taliban.

Over the next few months, the group will add attacker manifestos – often shared by sympathizers after white supremacist violence – and other publications and links flagged by U.N. initiative Tech Against Terrorism. It will use lists from intelligence-sharing group Five Eyes, adding URLs and PDFs from more groups, including the Proud Boys, the Three Percenters and neo-Nazis.

The firms, which include Twitter (TWTR.N) and Alphabet Inc’s (GOOGL.O) YouTube, share “hashes,” unique numerical representations of original pieces of content that have been removed from their services. Other platforms use these to identify the same content on their own sites in order to review or remove it. (more)

A shared hashing protocol is a form of data system integration.

When The Intercept is talking about portals between DHS and social media, the “shared protocols” is the technical name for the data integration between the U.S. government and Social Media.

Now…. again, keep in mind what Dorsey is saying about his Blue Sky network app for a new inclusive social media platform.  A network that would be established with these “shared protocols.”    Look carefully at what is written in the Intercept Article about the Intelligence Community engagement:

[…] Intelligence agencies backed new startups designed to monitor the vast flow of information across social networks to better understand emerging narratives and risks. (link)

Jack Dorsey is creating Blue Sky app, a new platform that will connect social media networks and will contain “shared protocols” with the Dept of Homeland Security. Meanwhile, the U.S. intelligence agencies are funding new startup companies to “monitor the vast flow of information across social media networks.”

Do you see it?

Dorsey is creating another Magic Coffee Shop.  This one will be called “Blue Sky.” It will contain shared protocols.

Against the previous government relationships established by Dorsey, the financing for this network is almost certainly coming from the U.S Intelligence Community.

Can you see it now?

Last point.

A prediction…..

Considering the multinational corporate relationships already established in this new WEF inspired fascist system,…. and considering that Blackrock and Vanguard are the largest shareholders in most major multinationals…… and considering that Blackrock is embedded in the White House via Tom Donilon…. Watch the multinational corporate advertisers all exit Twitter in an effort to kneecap Elon Musk as they switch to support…. wait for it…. Blue Sky!

A tripwire is now created: If Elon Musk continues to sing the praises of Jack Dorsey, then Musk is either naive to the scheming around him, or Musk is in on the scheme.

Tom Donilon is a deep DC swamp operator and has been for his entire career.  Donilon is connected to every tentacle of the Obama and Biden administrations.  Donilon is also the Chairman of the BlackRock Investment Institute. We have written about the conflicts {Go Deep Here} and {Go Deep Here}.

Tom Donilon’s literal job description at Blackrock is to “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and in June 2022 the State Dept appointed him as Co-Chair of the U.S. foreign policy advisory board.

Specifically, the Biden administration put Blackrock Investment Institute Chairman Tom Donilon in charge of U.S-China policy.

(STATE DEPT) – Today, Secretary Blinken announced his selections for the U.S. Department of State’s Foreign Affairs Policy Board.

Since its establishment in 2011, the Board has provided independent advice on the conduct of U.S. foreign policy and diplomacy, consistent with each Secretary of State and administration’s evolving priorities for it.

Secretary Blinken has sought to build a diverse board that could advance the Department’s efforts to better root American diplomacy in the needs and aspirations of the American people. With expertise at the intersection of foreign and domestic policy, the Board will focus on the issues of increasing importance to the lives and livelihoods of Americans in the decade ahead, including cybersecurity and emerging technologies, climate and energy, international economics, global health, and strategic competition with the People’s Republic of China. (read more)

It doesn’t matter how sketchy the deep state tentacles are, their motives always come back to money.

There are trillions at stake.

Nov 1 2022

The Polls Are Crazy


Armstrong Economics Blog/Politics Re-Posted Nov 1, 2022 by Martin Armstrong

COMMENT: Marty: I received an email from Barack Obama today (subject line: “My promise to you”) letting me know that I have an opportunity to support the Democrats in the upcoming election. It also said, “You are receiving this email because you supported the DNC in the past.” I’m Canadian. I’ve always lived in Canada. And I have certainly never supported the DNC. Curious marketing strategy.

JH

REPLY: I get them too. I was wondering if they hacked the Republicans, T-Party, or whoever got my email. This is not going to be an election that will ever be accepted regardless of who wins. With the polls showing still that over 70% of Americans think the country is headed in the wrong direction under the Biden Administration, it is hard to see how the Democrats could win anything. So, with the computer should massive civil unrest into 2023, I do not think we are headed into peace and tranquility.

Oct 30 2022

Zelensky Wants WWIII Bringing Death & Destruction to the Entire World


Armstrong Economics Blog/Ukraine Re-Posted Oct 30, 2022 by Martin Armstrong

With most con artists, you need to count your fingers after shaking hands. With the President of Ukraine Volodymyr Zelensky, you have to make sure you still have your arm. He wears the same clothes to project he is at war raising some to hope he at least takes it off to wash. Both Germany and Japan as well as the Swiss all apologized for war crimes – but never Ukraine.

Never in all my career of dealing with governments have I ever witnessed such a bold-faced liar as Zelensky. He addressed the students and professors of Yale University, and boldly had the audacity to claim that it is in Ukraine that the global fate of democracy is being determined. The Minsk Agreement called for the Donbas to vote on their independence. Ukraine has refused to allow that ever to happen. His claim that the fate of democracy will be determined only if Ukraine can destroy all Russians is just outrageous.

“It is important for the whole world that Russia loses now – in the war in Ukraine. When we win for ourselves, we will win for other nations whose freedom is potentially under attack: the ambitions of the Russian throne are known.” 

“On behalf of the Ukrainian people, I want to thank your people for the support you provide to our defense. Thank you to your leaders – President Biden, both chambers and parties of Congress, public figures and businesses who feel how important it is for Ukrainian democracy to endure.” 

Zelensky has refused to apologize to Poland for its war crimes. The depravity of Ukrainian is far beyond any of the worst horror films ever made. It has been documented what the Ukrainians have done like cutting out a baby from a mother’s stomach and sowing her back up after putting in a live cat. Zelensky REFUSES to acknowledge what the Ukrainians carried out. 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. Every country has apologized for its war crimes with the single exception of Ukraine. Zelensky is an absolute disgrace as a world leader.

All the declassified documents confirm that the American Neocons have been lying about Putin simply because they want war. They told Zelensky not to negotiate peace. Zelensky has sold his own country like Judas for a handful of silver. He has refused to negotiate any terms of peace whatsoever putting his people in harm’s way all for the Neocons who want to simply destroy Russia at all costs.

Video Player

00:00

00:38

I have the same documents that were the briefings that reveal that Yeltsin turned to Putin BECAUSE he was not a communist. Yeltsin was being blackmailed with the Bank of New York case by the oligarchs and Republic National Bank’s Edmond Safra on the one side and the communists who filed an impeachment action to remove Yeltsin on the other. Yeltsin turned to Putin because he was against reestablishing the USSR and he was not an oligarch.  Anthony Blinken has repeatedly maintained the standard propaganda that Putin has “imperial designs” to recreate the USSR. All the declassified documents from the Clinton Administration prove that is also an outright lie.

The Minsk Agreement was to allow the Donbas to freely vote on their independence. They are ethnic Russians – not Ukrainians, Zelensky promised peace to get elected and has refused to negotiate for peace and has claimed democracy depends on Uktain destroying Russia when in fact he has refused to allow the Donbas to even vote. He only wants to destroy Russia.

This is a Climate Change War. The objective is the destroy Russia, and its energy production for that is 50% of the entire GDP, and they will then transform it into their idea of a vassal state subservient to the United Nations. You do not war World War III for a tiny piece of land that has always been historically Russian. Those who want to fly their Ukrainian flags in support, look around for you are condemning the future of your family for a war that they lied about from the start just like the weapons of mass destruction.

Oct 27 2022

Steve Mnuchin is Not Pretending, States U.S. Economy is Already in Recession


Posted originally on the conservative tree house on October 26, 2022 | Sundance

A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did.  Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team.  He already had a full bank account and carried ‘f**k-off’ money.   That, combined with Wilbur Ross having the same ability, was exactly what we needed to execute the America-First MAGAnomic resurgence.

The U.S. middle-class saw and felt the benefits.  Economic security is national security, at a nationwide and even individual level.  Mnuchin, Ross and Lighthizer constructed that economic outcome guided by the larger strategy of President Donald J Trump.

RIYADH, Oct 26 (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.”

“I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period,” he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East’s economic issues need to be dealt with regionally. (link)

Oct 24 2022

Sweden Will Not Meet Agenda 2030


Armstrong Economics Blog/Climate Re-Posted Oct 24, 2022 by Martin Armstrong

New Prime Minister Ulf Kristersson is not heeding to the Green agenda. He promptly eliminated the entire Ministry of Climate and Environment, marking the first time in 35 years that Sweden does not have a specific climate ministry. People are crying that the world will crumble without funding bureaucrats who pretend they have the ability to alter the weather cycle with enough funding.

Klaus Schwab’s plans for Agenda 2030 are in jeopardy. “Environmental issues are going to be given a disadvantage at the same time when we have a huge challenge in Sweden when it comes to biodiversity and forestry,” stated Stockholm University professor Karin Bäckstrand. “We won’t meet the Agenda 2030 goals on biodiversity.”

Democratic leader Ebba Busch will serve as the new Minister for Energy, and 26-year-old Liberal Romina Pourmokhtari will serve as the Minister of Climate and Environment, The Nationalist Sweden Democrats do not support the goal of achieving net zero emissions.

Instead, the new government is prioritizing nuclear power initiatives that will make it increasingly difficult to shut down existing plants while using €36 billion to build new nuclear power stations. The new government is also considering reopening two nuclear power plants that discontinued operations in recent years. Yet another example of how Agenda 2030 and Schwab’s plan to alter the world will fail.