The End of the Petrodollar?


Armstrong Economics Blog/World Trade Re-Posted Apr 4, 2023 by Martin Armstrong

Another oil deal has been initiated without the use of the dollar. The India Ministry of External Affairs (MEA) announced that their latest trade deal with Malaysia would be settled in Indian rupees. “This initiative by the Reserve Bank of India (RBI) is aimed at facilitating the growth of global trade and to support the interests of the global trading community in Indian Rupees (INR),” the formal statement noted.

Indian has benefitted from the West’s distraction from the Ukraine war. The RBI is allowing 18 counties to open Vostro accounts and has been attracting new deals in trade and manufacturing. New Delhi and Moscow have strengthened their relationship as India is not imposing sanctions.  The Indian Commerce Ministry said its five-year plan is to “encourage” the use of the rupee on an international scale, while also planning to expand exports $2 trillion by 2030. Trading in rupees will also allow India to save on conversion spreads and limit the country’s dependence on the volatile dollar.

The BRICs treaty (Brazil, Russia, India, and China) remains strong and oil giants Saudi Arabia and Iran would like to join the partnership. The Saudis stated at the beginning of the year that they were open to settling trade in currencies other than the USD. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Al-Jadaan said during Davos. As we have seen in recent months, Saudi Arabia is aligning itself with China over the US.

The Vietnam war and other government missteps made it impossible for the US to maintain the fixed price of gold established under Bretton Woods. The USD relative to gold fell as the supply of dollars grew, pushing Nixon to abandon the Bretton Woods system entirely. US government debt was rapidly rising as confidence in the dollar plummeted. America needed an enticing way to sell its debt, and that was when Nixon convinced Saudi Arabia, the largest crude exporter, to purchase Treasurys in dollars in exchange for military aid. Hence the “petrodollar” was born. The creation of the Organization of the Petroleum Exporting Countries (OPEC) only further enhanced the dollar’s dominance in energy purchases.

Here we are yet again amid another war and a high budget deficit. The Saudis no longer need protection from America, and siding with Western interests would be a deterrent to its international deals with countries in the BRICs alliance and some in the OPEC+. Despite the green agenda, the world cannot operate without oil. The major oil exporters are now aligning and cutting out the US as their middleman.

Manhattan DA Office Leaks Details of Trump Indictment and Process to Media


Posted originally on the CTH on April 3, 2023 | Sundance 

President Trump is not happy as Manhattan District Attorney Alvin Bragg has leaked the details of the Trump indictment as well as process details for what will take place tomorrow in New York City. [Truth Social Link]

The DA office leaks went to Michael Isikoff at Yahoo News:

New York – Donald Trump will be placed under arrest on Tuesday and informed that he has been charged with 34 felony counts for falsification of business records, according to a source who has been briefed on the procedures for the arraignment of the former president.

A New York City police arrest report summarizing the charges against Trump will then be prepared and entered into the court system before he is led into a courtroom to be formally arraigned on the charges, none of which are misdemeanors.

But, the source said, Trump will not be put in handcuffs, placed in a jail cell or subjected to a mug shot — typical procedures even for white-collar defendants until a judge has weighed in on pretrial conditions. Manhattan District Attorney Alvin Bragg’s office, which has been consulting with the Secret Service and New York City court officials, concluded there was no reason to subject the former president to handcuffs or a mug shot.

The stated reason for handcuffing defendants is that they might be a flight risk or a threat to the district attorney or court personnel, neither of which was judged to be relevant to the handling of a former president protected at all times by a phalanx of Secret Service agents.

The charge of falsification of business records can be prosecuted in New York state as a misdemeanor. But Bragg’s office bumped up all the charges to Class E felonies — the lowest level of felonies in the New York state penal code — on the grounds that the conduct was intended to conceal another underlying crime, according to the source.

Under the New York State penal code, a conviction for the Class E felony of falsifying business records can result in a prison term of up to four years. But as a practical matter, that seems extremely unlikely. “No one gets jail time for that as a first offender,” said a New York law enforcement official.

The evidence for the underlying crime that escalated Trump’s alleged misdemeanors to felonies is still not clear and won’t be until the indictment is unsealed on Tuesday. But it is believed to relate to the payment of $130,000 in hush money to porn star Stormy Daniels during the closing weeks of the 2016 election to conceal an extramarital encounter with Trump.  (read more)

The US Begins to Arm Taiwan


Armstrong Economics Blog/War Re-Posted Apr 3, 2023 by Martin Armstrong

The evidence of the coming global war is overwhelming. In a move that will prompt a direct response from China, the US announced that it would deliver 400 Javelin man-portable anti-tank systems to Taiwan. The delivery is strategically planned to begin during the second half of this year into 2024. Reports claim that this deal was created under Trump, of course, but the timing could not be more on point for the international conflict our computers have been indicating.

These advanced weapons can penetrate armor 800 millimeters thick and come equipped with fire-and-forget technology. Ukraine has used these American-made missiles to repel troops and they are extremely effective. This is not intended to prevent China from invading. It is in preparation for when they do invade.

China will never relinquish Taiwan. It would be considered a great shame for the nation and an embarrassment on an international scale. They will do everything possible to keep Taiwan under the One China policy. China is taking notes on how Russia is operating in Ukraine. Russia had little time to prepare, whereas China has had 75 years. China is the second-largest economy in the world and will surpass the United States. The US is no longer a feared nation as it has lost every war since the second world war. The woke ideology prominent in American politics makes our nation appear weaker than ever before. America became the financial capital of the world after the second world war; China will secure that title after the third.

Has Bakhmut Fallen? Zelensky the Real War Criminal


Armstrong Economics Blog/Ukraine Re-Posted Apr 2, 2023 by Martin Armstrong

There are yet unconfirmed reports that the head of Russia’s Wagner mercenary group, Yevgeny Prigozhin, announced late on Sunday, April 2nd, 2023. that his forces have raised the Russian flag over the administration building of the town of Bakhmut in Ukraine. There is no question that Bakhmut will fall. Zelensky has sent over 100,000 men to their death there desperate to keep the money flowing into Ukraine. It is a sad state of affairs when a high-heel dancing idiot orders generals to fight to the death all for his pride and money. The fall of Bakhmut is simply inevitable and the West’s propaganda that Russia would be defeated and that they were weak was all wishful thinking of the Neocons who can think of nothing but war.

Zelensky should be charged with treason and bribery. He was elected promising to end the war and broker peace. Once he got in, he sold his soul o the Neocons and filled his pockets to live forever comfortably. Some Ukrainians are wondering if he did this to punish Ukraine for its persecution of Jews.

He hid being a Jew before the election. Even made jokes about persecuting the Jews. This has a lot of people very confused since he suddenly became Jewish after the election. He married a non-Jew and had his children baptized. He jokes about the confiscation of property of Russians and Jews.

By the time he is finished, 500,000+ Ukrainian will have died because of him and his greed! He could swap his high heels for an army helmet and always appear in an army T-Shirt to get money. That did not give him the experience to win a war. Pray for all the Ukrainians he sent to their death.

CNN wrote:

The Kremlin saw Zelensky’s predecessor, outgoing President Petro Poroshenko, as representing the “party of war,” and the election results in Ukraine were greeted by official Russia with what could be described as cautious hope for a reboot in relations.

“There are chances to improve Ukraine’s interaction with our country,” Russian Prime Minister Dmitry Medvedev said on Facebook. “What is needed for this? Honesty. And we need a pragmatic and responsible approach.”

The day before Putin launched his special operation, Zelensky announced to the world he would seek nuclear weapons to force Putin’s hand. This was all choreographed by the Neocons who always want war. They will never stop.

Inditement Backlash


Armstrong Economics Blog/Corruption Re-Posted Apr 3, 2023 by Martin Armstrong

Trump said from the beginning that his arrest would blow up in Biden’s face. Florida Gov. Ron DeSantis said he would not honor any request to extradite the former president and called the situation “un-American.” “The weaponization of the legal system to advance a political agenda turns the rule of law on its head,” DeSantis tweeted. News outlets, even those on the left, are bashing the inditement. The Washington Post released an article calling it “a poor test case for prosecuting a former president.” American voters seem to agree.

You know you screwed up when even George Soros wants no part of the scandal. The leftist billionaire came out to declare that he is not associated with Alvin Bragg in any way, despite being a donor to the Color of Change PAC that supported Bragg’s election. Both DeSantis and Trump accused Soros of supporting Manhattan DA Alvin Bragg. “As for Alvin Bragg, as a matter of fact I did not contribute to his campaign and I don’t know him,” Soros told the media.

Trump stated: “I believe this Witch-Hunt will backfire massively on Joe Biden. The American people realize exactly what the Radical Left Democrats are doing here. Everyone can see it. So our Movement, and our Party – united and strong – will first defeat Alvin Bragg, and then we will defeat Joe Biden, and we are going to throw every last one of these Crooked Democrats out of office so we can MAKE AMERICA GREAT AGAIN!”

Even the Democrats are now admitting that this is a witch hunt. Rasmussen Reports found that the public was split 49-47 in favor of charging the former president. House Speaker Kevin McCarthy called the charges “an outrageous abuse of power.” He also called Braggs a “radical DA who lets violent criminals walk as he pursues political vengeance against President Trump.” Rasmussen also found that 46% of Democrats agree that what is happening is “an outrageous abuse of power,” and 55% of Independent voters also agreed. A poll by Breitbart News found that 59% of poll respondents see the charges as “politically motivated,” and 53% said it was “stretching a weak case.”

Could these charges actually cause the public to feel sympathy for Donald Trump? Republicans are standing strong behind him. Those in the middle are leaning to the right on this situation. The left wanted Trump gone, but not in such an overtly corrupt manner. Beating the charges would be a win for Trump and a nod to his promise to fight the establishment. This has become additional free publicity for Trump as it is hard to deny that the US government is already attempting to interfere in the 2024 presidential election.

Europe Wants War At Any Cost


Armstrong Economics Blog/War Re-Posted Apr 2, 2023 by Martin Armstrong

Federal Defense Minister Kajsa Ollongren of the Netherlands has handed the Netherlands Army to be subordinated by Germany. He put out the standard propaganda that he did so because of the Russian war of aggression against Ukraine. They ignore the fact that it has been the West who started the civil war and propped up this fake leader in high-heels to send waves of Ukrainians to their death. All because the Western monetary system is collapsing and they desperately need war especially after keeping interest rates NEGATIVE since 2014 wiping out banks and pension funds throughout Europe. The “complete integration of all three Dutch army brigades into Bundeswehr structures” is a “milestone” they have declared.

On top of that von der Leyan will most likely take over NATO. She sold out all Europeans to Pfizer buying billions of doses of their vaccine using an executive order denying the people or parliament to even vote. They will never be used. What did she get in return? She will be a puppet for the highest bidder in the Neocon world. How such people can even look at themselves in the mirror has always astonished me.

NATO will now stage the largest military exercise in history by June. It will most likely create some excuse to wage war against Russia. They need this war desperately to restart a new monetary system that they have been planning with Bretton Woods II. There is no remorse for those who die in battle. They do not care about the families driven from their homes. This is all in the political game of kicking the can down the road and always blaming someone else.

Neocon Always Lose – But They Are Never Down for the Count


Armstrong Economics Blog/Neocons Re-Posted Apr 2, 2023 by Martin Armstrong

QUESTION: Marty, I am really in shock. You put out the Ukrainian Model and stated in your March 6, 2022 post a year ago:

“I have warned that our Model of Ukraine was turning down as of January 6th, 2022. However, in addition to this, we are approaching also the 31.4 years (Pi Cycle) which will be April 6, 2023. This will be a very critical period looking ahead. “

I search your site and found that back on June 19, 2019, you also laid out that international war was likely 2024-2027. On your private blog, the week before Russia invaded you said they would invade and it was right on the turning point.

I don’t know how you discovered Socrates. If anyone deserves the highest possible prize for contributing to society, it has to be you. Will you do a book on how in the world you achieved this incredible ability to forecast years in advance?

ANSWER: Cyclical analysis requires understanding that we are ALL CONNECTED and that every action in the world set in motion a reaction and we CANNOT judge the future based on someone on what the Fed says or some domestic politician. This is 31.4 years from the birth of Ukraine. Zelensky is a puppet contrived by the Neocons. All they ever want is war.

If I were president, I would exit NATO ASAP, and order them all arrested and charged with treason. They should be hung as they did to Saddam Husein if found guilty. They are evil people who sent 58,000 Americans to their death in Vietnam and how many millions have they killed all around the world? NATO is a warmongering organization. If there was actually peace with Russia, NATO would be pointless. That is why they are truly a Terrorist Organization for they will act in their own self-interest and that required war to keep their jobs.

All of my sources are REAL! When I said Ukraine lost 100,000, I got hate mail saying I was putting out Russian propaganda. To all other people, I think you need to go see a shrink and ask him WHY you are so susceptible to government propaganda. Make sure you take off your COVID mask so he can clearly understand what you are saying.

I am not selling anyone’s agenda. My role is to simply relay what Socrates has laid out. This is NOT my personal opinion so wake up. We are facing the most Uncerty perhaps is modern human history.  Do not think for one second that the Neocons have been defeated. They completely control the White House and they are NOT going to surrender so easily. They are the ones who stages the chemical attacks in Syria to try to use that to justify invading the country as they did in Iraq. They were caught red-handed at that time creating false flags, but nobody is ever prosecuted.

Remember when they wanted to kill Americans and blame that on Castro to justify a US invasion? Or 911, when I know for a fact that the first World Trade Center Terrorists drew the building on the wall of their cell with planes going into them. They even charged their lawyer, Lynne F. Stewart, for passing notes. The government knew the plan and let it happen to ensure they got the Patriot Act. To cover up their connection with Jeffrey Epstein to blackmail high-level people, I posted “When will Epstein be found Dead? Before or After a Deal?” (July 25th, 2019). I know how these people operate. They tried to kill me. I was in the hospital in a coma, but to their dismay, I survived.

Don’t worry, the Neocons will stage a false flag to make sure World War III begins. They are turning their attention to China already. As long as they pull the strings that make Biden their perfect puppet, they are not down for the count yet.

Post-Indictment Polls Show Massive Surge in Support for President Trump – Everyone Can See the Politics of Persecution


Posted originally on the CTH on April 2, 2023 | Sundance 

Generally polling is sporadic depending on the agenda of the pollster.  However, two separate polls released within a 24-hour period show almost identical outcomes.

The YouGov Poll [DATA Here] shows President Trump with a 31-point lead over Ron DeSantis 52/21. No one really close after that. In the head-to-head matchup with only two options, Trump now leads Ron DeSantis 57%-31%.  That up from a 47%-39% last month.  [Yahoo News Article Here]

Another poll [Article Here] “by Trump’s campaign team, found that 51 percent of Republicans see him as their preferred 2024 candidate – putting him ahead of his biggest threat Ron DeSantis who scored 21 percent.”  That’s an almost identical outcome to the YouGov poll.

[Article Here – Data Here]

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President Trump responded to the support he sees via Truth Social. [Source Here]

Col Macgregor on the Neocons


Armstrong Economics Blog/Neocons Re-Posted Apr 2, 2023 by Martin Armstrong