Category Green Energy Not Reliable

Oct 20 2022

Biden Has Ensured the Fall of the USA


Armstrong Economics Blog/Energy

Posted Oct 19, 2022 by Martin Armstrong

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QUESTION: Marty, do you think that electric cars should be avoided? What do you see for the future? Biden looks like he has undermined Israel all over pleading for low gasoline prices.

thank you

FG

ANSWER: The goal of energy independence was achieved under Trump. Now, under Biden, he had depleted the oil reserves all to save the Democrats from their own policies of ending fossil fuels. Worse still, the Biden Administration has now opened the door to the decline and fall of the United States for another oil embargo would be devastating to the US economy and the people are totally unaware of how vulnerable their livelihood now stands thanks to the Democrats.

I’m sure the Democrats will be writing in as always. All I can say is PLEASE look at this objectively and do not vote simply because of party politics. Depleting the strategic oil reserves to just try to bullshit everyone for the midterm election and then afterward, screw you and your family, shows that they are counting on your stupidity and your bias.

I have studied military tactics. All they need do is cut off all oil again, the US will crumble, and your very job will be at risk if companies can no longer function. This is all total bullshit. It should be a crime for any president to take the strategic reserves for personal political gain. This is no different than robbing money from the Treasury.

I have warned, Beware of oil prices in 2023. Biden has completely undermined the security of the United States into 2032. The Arabs know see the crisis that they face. They would be insane to do anything that benefits the Biden Administration or the EU. Forcing prices to skyrocket will be the only thing to force political change from this climate insanity.

Electric cars are not practical. They may be ok as a second car for around town. But I would look at hybrids for we do not have the power grid to support electric cars. In addition, the first think you do in war is take down the power grid. With electric cars and digital currency, you complete shut down an opponent. Brain dead – just brain dead.

Oct 17 2022

Biden Begs OPEC+ to Delay Vote Until After Midterms


Armstrong Economics Blog/Corruption Re-Posted Oct 17, 2022 by Martin Armstrong

Joe Biden is playing dirty before the midterm elections by urging Saudi Arabia to delay the OPEC+ oil vote until December. The Saudis, who unofficially run OPEC+, do not respect Joe. OPEC+ voted on October 5 to cut oil production despite Joe’s desperate pleas. In a desperate attempt to avoid further embarrassment, Biden asked them to delay the next vote.

The Foreign Ministry of Saudi Arabia replied with a letter rejecting Biden’s requests. The kingdom said they declined Biden’s request in October for purely financial reasons. They reject the idea that they declined on behalf of Russia and said that they are not interfering in international conflicts. Worse, they believe that Biden is promoting the idea that Saudi Arabia is against the United States. In reality, they want to make money and be left alone. Oil is what keeps their kingdom afloat. The letter confirms their relationship with the United States is “strategic” as a trading partner and nothing more.

As for pushing back the next vote, that is not in Saudi Arabia’s interest. They explained that “economic analyses indicate that postponing the OPEC+ decision for a month, according to what has been suggested, would have had negative economic consequences.”

White House officials have confirmed Joe’s election interference. “We presented Saudi Arabia with analysis to show that there was no market basis to cut production targets, and that they could easily wait for the next OPEC meeting to see how things developed,” National Security Council spokesman John Kirby said in a statement. Yet, the White House swears this decision has nothing to do with the midterms.

This sounds like election interference to me.

Oct 14 2022

Mike Lindell Joins Samaritans Purse During Recovery Efforts in Southwest Florida


Posted originally on the conservative tree house on October 13, 2022 | Sundance

MyPillow CEO Mike Lindell travelled to Fort Myers to join with Samaritans Purse in the Hurricane Ian recovery effort.   Mr. Lindell went door to door in various neighborhoods passing out pillows and blankets along with prayers and well wishes for the community. {Direct Rumble Link}

Mr. Lindell appeared with Steve Bannon to discuss the recovery effort.  WATCH:

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“The damage is incredible—these people need our prayers and our support,” said Samaritan’s Purse President Franklin Graham. “We’re going to need an army of volunteers. Prayerfully consider joining us to help in Jesus’ Name.”  [ Website Here ] 

To give an idea of what happened to the coastal area, there is some pretty incredible drone footage of the damage done to Fort Myers beach and Sanibel/Captiva. Below:

Fort Myers Beach.  It looks like the aftermath of a massive Tsunami:

https://youtube.com/watch?v=OHRuCKbKPek%3Ffeature%3Doembed

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Captiva and Sanibel:

https://youtube.com/watch?v=uJM_vB6Kn7M%3Ffeature%3Doembed

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Oct 11 2022

The Bank of Canada Should Admit QE FAILED


Armstrong Economics Blog/Canada Re-Posted Oct 11, 2022 by Martin Armstrong

In 2020, Pierre Poilievre, chief Conservative spokesman on finance issues, said Canada’s central bank “should not be an ATM for Trudeau’s insatiable spending appetites.” Conservatives cooperated with the Liberals when it came to COVID-19 emergency spending. Everyone was in on that power grab. Now the nation is in worse shape, further in debt, and inflation is soaring.

Yet, Trudeau continues to spend recklessly without hesitation. The Bank of Canada (BoC) should remain neutral on political issues. Similar to the Federal Reserve, the BoC is the largest buyer of domestic debt. In response to criticism, the bank launched a social media campaign to deflect blame. “#YouAskedUs if we printed cash to finance the federal gov’t. We didn’t,” the Bank of Canada tweeted on August 25. Due to the pandemic, the central bank “took various measures, like buying bonds, to support and ensure a strong and stable #economy,” the bank tweeted. “We bought existing gov’t bonds from banks on the open market. Why? This helped unblock frozen markets at the start of the #pandemic. It let households, companies and governments access funding when they really needed it.”

This is the problem with those who believe they can manipulate the economy. Governments completely shut down the world for over a year and then claimed that they needed to spend as much as possible to save us from the crisis they created. “We did not use cash to pay for the bonds. We bought the bonds with settlement balances — a kind of central bank reserve — not with bank notes,” the bank continued to Tweet back in August. Basically, the strategy all along was Quantitative Easing. It failed.

They artificially lowered rates for too long and purchased government debt with no method for repayment. Their stupid idea of Quantitative Easing and lowering rates were under their theory that people would borrow if it were cheap enough. The central banks fail to understand that people will absolutely not borrow at any rate if there is no confidence. It has become conventional wisdom that when all else fails to make economies grow, create new money and buy government bonds. Of course, the “all else” never includes deregulation and lowering taxes.

Now Governor Tiff Macklem is posting videos on Twitter to explain why the bank raised rates by 300 bps in the past six months. Yes, “inflation is too high,” as Macklem pointed out, but he’s acting a bit too late. “It is by raising interest rates that we’re going to slow spending in the economy, give the economy time to catch up and take the steam out of inflation,” Macklem said in the video. “That’s gonna [sic] get inflation back down.” WHAT ABOUT GOVERNMENT SPENDING? Monetary policy does not align with the bank’s goals, as Trudeau’s continued spending will prolong inflation.

Oct 7 2022

The Japan Outlook


Armstrong Economics Blog/Japan Re-Posted Oct 7, 2022 by Martin Armstrong

QUESTION: Marty, I greatly appreciate all you do to try to prevent this war cycle. You have said many times Socrates beats you. With missiles flying over Japan here, what do you see ahead?

AS

ANSWER: Nice to hear from you. It does not look very good. A year-end closing below 6805 will warn of a major crash in the Japanese yen next year.  I cannot stop the cycle. The best I can possibly do is perhaps reduce the amplitude. Even that is speculative. It just seems that we have insane leaders who care more about defeating Russia for this climate change nonsense. What they are doing to farmers in the Netherlands is insane. They know that the current monetary system is collapsing. They are using the war in hopes of creating an excuse and a diversion from their own sovereign debt defaults – hence you will own nothing and be happy.

All the market look to be cascading into 2023. This is not my opinion. I wish I did not even have to talk about this nonsense. The ray of hope is we get to restart the world economy post-2032. That is when we will hit the control-alt-delete. All I can do is try desperately to get society just for once to look at history and see what systems worked and what failed.

Oct 4 2022

BREAKING: KANYE WEST IS WHITE & JOE BIDEN IS PUERTO RICAN! | Louder with Crowder


Steven Crowder Published originally on Rumble on October 4, 2022

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