QUESTION: Looking at Socrates, do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for commodity inflation into 2024. How would you define a recession?
EJ
ANSWER: In trading, reactions are 1 to 3 time units. I believe that the same definition should be used for classifying a recession. They define a recession as two consecutive quarterly declines. If you look at the “Great Recession” of 2008-2009, you will see three consecutive quarterly declines and a rebound. If we look at the COVID recession caused by locking everyone down, that was just two consecutive quarterly declines.
I personally would argue that a true economic recession MUST exceed three consecutive declines. Here is the chart of GNP from 1929 to 1940. There were three years of negative growth. I simply think that this definition of two quarters is wrong. You can have a slight decline of 1 to even 5%, but that does not suggest a recession. In the case of 1929, that was a decline of 9.5% in 1930 – the first year. Now look at the COVID Crash, which was also a decline of 9.53%. But the difference is that the COVID decline was forced and not natural. That is why it rebounded so quickly. Now the so-called “Great Recession” of 2008-2009 only saw a decline in GDP of 3.47%.
The “Great Recession” was not really so great. It wiped out real estate and bankers but did not fundamentally alter the economy. So who is right and who is wrong will always depend upon the definition. Yes, the AI Timing Arrays point to a recession starting Next Year by their definition. This will most likely be caused by the decline in confidence that will lead to UNCERTAINTY, and as such, the consumer will contract. Up to now, the continued expansion of the economy into 2024 has also been fueled by the shift in assets from public to private.
As originally forecast, we should have seen a commodity boom into 2023,
and we should expect a highly authoritarian attempt by 2028.
COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.
HK
ANSWER: You do not buy the bonds of your enemy so they can buy weapons to wage war against you. It just does not make any sense.
Ireported in June that the Ukrainians would claim Russia had targeted their wheat silos, and it all comes back to the Ukraine Reconstruction fund by JPMorgan Chase and BlackRock. BlackRock had a tape leaked of a recruiter discussing Russia blowing up Ukrainian wheat silos, causing wheat prices to skyrocket due to shortages. The employee said that Ukraine is great business for BlackRock. As I mentioned earlier:“Our war cycle indicates tensions will pick up in 2024 – hold on tight. Expect false flags of Russia targeting wheat silos and soaring food prices. Everything is aligned with the Great Reset; this is the branch that is aiming to financially alter the world while others are working on destroying society from within. Ukraine must be destroyed to BUILD BACK BETTER the global financial system.”
And here we have it, folks. Kiev announced that Russia has destroyed 60,000 tonnes of grain in Odesa. The grain was allegedly set aside for imports, so it will not be Ukraine’s fault when food inflation spikes. “The grain infrastructure of international and Ukrainian traders and carriers such as [Ukrainian] Kernel, [Canadian] Viterra and the [French] CMA CGM Group suffered the most,” the ministry said. “The world’s food security is once again in danger,” it added.
Now Zelensky is saying the Russians deliberately targeted the grain. Yet, those funding Ukraine are relying on wheat prices rising and this benefits Ukraine greatly. Food prices will rise and everyone will blame Russia. Meanwhile, those funding the war are sitting back and laughing at the entire world for they knew the plot all along.
The interesting issue concerning radiation detection in Ukraine is that after stating that radiation was detected, the West claims there is none. Russia claims to have bombed an ammunition depot containing depleted Uranium shells, which will contaminate the landscape. Britain supplied these shells to Ukraine – that must we know. Russia claims that a radioactive cloud is now drifting toward Western Europe, and the EU denies it. As I have said, the first casualty of war is always the truth. The EU will certainly not admit such a thing, for that would confirm that they gave Ukraine illegal weapons. On the other hand, denying that means people, crops, and animals can get sick, and then what, we blamed another virus?
The United States in April wired Ukraine so they could identify any nuclear attack. We do know that the British defense ministry confirmed it would provide Ukraine with armor-piercing rounds containing depleted uranium. The U.S. developed these during the Cold War to destroy Soviet tanks.
Putin did accuse London of proliferating “weapons with a nuclear component,” while the British called this “disinformation.” Depleted uranium is based on the isotope U-235 which is extracted from natural uranium ore and this is even used as fuel for reactors and in nuclear weapons. This process is called enrichment. But the content of the “useful” isotope in the ore is about 10%. The remaining 90% of the isotope contains negligible amounts of U-235, which consist mainly of the slightly radioactive U-238. This is the depleted uranium which can be described as waste from the enrichment process.
This depleted uranium is very dense. This means that it is much heavier than, for example, steel shells of the same size. Consequently, the force of energy upon impact is very strong which enables it to penetrate armor. The depleted uranium does not explode, but small fragments that can penetrate armor can easily be ignited. Therefore, a projectile made of this material is an armor-piercing incendiary material. The US has also been using it in shells of high-speed smaller caliber guns of 25-30mm used on Infantry-Fighting Vehicles (IFV) and attack aircraft.
The US first used them during Operation Desert Storm in 1991. Literally, hundreds of thousands of such shells were used in Iraq. The Pentagon also acknowledged that they used these shells in the former Yugoslavia, Iraq, and Syria. These depleted uranium shells are not subject to nuclear non-proliferation rules. Therefore, in terms of international law, they have yet to be classified separately. Nor are there any international agreements that would regulate the supply of them specifically. Thus, the West argues Russia cannot object to their use. They are not party to any treaty and they are outside of any consideration being nuclear weapons.
What we do know is that depleted uranium shells have a radioactive component. Prior to firing, such projectiles are safe whereby the weak radiation is unable to penetrate skin and clothing. However, if such a shell penetrates armor, a cloud of tiny fragments or dust is produced. It is this radioactive and toxic dust that presents a danger both to the crew of the affected vehicle, as the dust can enter the lungs and digestive tract, and to civilians, as it can enter the soil and water in the area.
There were secret studies on the dangers of uranium dust following Desert Storm given the high volume of their use. The only people anyone was concerned about were approximately 170 Americans who came in contact with this dust. The conclusion was that they could NOT rule out that depleted uranium might be one of the causes of “Gulf War Syndrome” – the chronic, poorly-explained varied ailments of ex-soldiers. This matched similar findings from Yugoslavia where it was called “Balkan syndrome” where once again depleted uranium was cited. Tens of thousands of aircraft rounds were left in equipment debris and soil. Then, soldiers from several European countries also fell ill. Many died of Leukaemia – in the Belgian contingent alone, five died rather abruptly.
Only when these strange diseases were emerging in the Balkans during the mid-1990s were finally uncovered in 2001, did we find European protests. Belgium, Germany, Italy, and France all approached Washington and were demanding explanations. The military just insisted that the shells were safe. However, it was also in 2001 when the USA finally conducted research involving military veterans. They concluded at that time that depleted uranium in a quantity that they considered dangerous had not been found in the bodies of wounded soldiers. Germany conducted its own research not trusting the United States. Tests were carried out on 120 soldiers who had served in Kosovo and showed no deviations from the age norm.
In 2009, an Italian court ordered the country’s defense ministry to pay a hefty compensation – €1.4 million – to the family of a soldier who fell ill with cancer and died after serving in Somalia in the early 1990s. The death was attributed to depleted uranium. In truth, a number of organizations have been calling for a ban or restriction on the use of depleted uranium projectiles since the early 2000s. The military seems unmoved to conduct any study on the possible long-term effects on civilians who return to the land where the battle was fought. Rumors of cancers in Iraq get no press time.
Naturally, those in the military claim that the danger of depleted uranium projectiles is exaggerated. Of course, we have no idea if the use of these shells is polluting the environment whereby Ukraine has been the bread basket of Europe. Nobody knows if this will have any impact on the food supply of Europe in the decades ahead.
I have been very busy with the whole NATO meeting and questions coming in from important sources. Fortunately, there are some who are looking at our model’s forecast. NATO has stated that while Ukraine can join the military alliance, that will only happen “when allies agree and conditions are met.” Zelensky, who I have ZERO respect for and who I see as nothing more than a war criminal and a profiteer allowing his country to be destroyed.
All of this so he can enter his dream deal with Blackrock to create the “biggest” investment opportunity in European history. Zelensky has continually criticized the “absurd” delay in joining NATO when the rules are unambiguous – NATO cannot accept any member who is at war. Zelensky cares nothing about the world – just the annihilation of Russia.
01:45
Zelensky who only wears army clothing to psychologically present that Ukraine is at war and will never dress as a head of state should. FDR and Churchill never dressed like that nor did Tony Blair or Bush. Everything he does is a psychological tactic to get money. Zelensky has refused to accept the rules of NATO that Ukraine cannot join while it is at war with Russia. My Ukrainian sources are viewing Zelensky for what he is – a despicable profiteer and an actor. Before he was president, he did not claim to be Jewish. He joked about confiscating the property of Jews. His children were baptized and were not raised Jewish. Just another lie in his thirst for profiteering.
Zelensky has destroyed Ukraine all for a land grab of territory that has historically been Russian for centuries. The hatred of Russians would only lead to genocide if Ukraine got its hands on the Donbas. Proof of that statement was the massacre of Russians in Odessa in 2014 which began the entire separatist movement. Quebec wanted to separate from Canada. They did not launch a civil war and begin bombing citizens in Quebec. The Donbas had a basic human right to decide their own fate while the Ukrainians did the same to separate from Russia.
Meanwhile, NATO clearly wants the war to continue while pretending they are not waging war directly against Russia. This is why they are also sticking to the rules to prevent Ukraine from joining NATO. Nevertheless, they are providing Ukraine with everything a NATO member would get except “official” NATO troops on the ground. We know that NATO troops are there, just without insignia to pretend they are mercenary troops – not sanctioned by NATO.
NATO has agreed to begin an F-16 training program in Europe in August to train Ukrainian pilots on the warplanes that the Ukrainians will use to invade both Russia as well as Crimea. Clearly, NATO is under the control of the Neocons and they are hoping for an excuse to justify World War III to conquer Russia while asking China to please wait patiently in line for their turn. They know this is crossing the line to provoke Russia. NATO is sacrificing the Ukrainian people for their end goal – the total destruction of Russia. This is why I call them the North Atlantic Terror Organization. All they care about is war – not the people of Europe or America where we are to sacrifice not just our children for their warmongering, but the future of the entire world economy.
As a result, Putin has responded by sending an ultimatum to NATO that handing any F-16s to Ukraine would now be considered a “nuclear threat” since they are capable of delivering B61 nuclear bombs and Ukrainians are simply irresponsible itching to engulf the entire world in war. Russia has for the first time upgraded the threat meaning that if F-16s are delivered to Ukraine, this will automatically activate their nuclear deterrence doctrine. The hardliners in Russia are screaming for they fully know the objectives of the American Neocons and handing F-16s to Ukraine will subject Russia to the risk of a surprise nuclear attack.
Upon returning from the NATO meeting, Biden immediately call in all in selected reserves and other individuals for active duty. The unspoken outcome of the NATO meeting is that they simply want war and the Donbas is merely the excuse to justify the conquest of Russia – the Neocon dream for decades. We are preparing for war and as I said, the Neocons are deeply afraid of Trump or anyone else coming into the White House. They will need to start a war using some false flag trying to provoke Russia for they know Biden is toast. The scuttlebutt is that no president has ever lost an election in a time of war.
Zelensky has called for the suspension of elections while the war continues. So he has no incentive to seek peace which is why he told the Pope not to seek peace and NATO needs to claim that a nuclear attack of any sort on Ukraine will be a threat to the EU so that will bypass the whole NATO membership issue.
You can see that our international war model which was published back in 2019 has been targeting 2023 for years. This is what many in strategic positions have been inquiring about. The outcome is not going to be favorable to Western Civilization. But the Neocons have full control of the White House and NATO itself. The only European leader cautioning following the United States has been Macron in France.
Zelensky will go down in the history books along with Hitler and a few others. We are to lose our future, that of our children all for Neocons’ and Ukraine’s rabid hated of Russians?
Posted originally on the CTH on July 15, 2023 | Sundance
Senator Tim Scott was one of the original attendees at the first Sea Island confab that was assembled to evaluate the risk represented by candidate Donald Trump in the 2016 election. Republican political leadership, corporate officers, Wall Street hedge fund managers, Big Tech and a host of multinational interests attended the first meeting.
During that early 2016 meeting, the groundwork to oppose the America-First agenda was established. The entire group then continued to take action throughout 2016 and into the administration of President Trump to mitigate his attack upon the ‘one world order’ globalist alliance they supported. Every single member of that original meeting was against the America First agenda and they have maintained that position through today.
Tim Scott attended that first meeting and has maintained his DeceptiCON bona fides ever since. Every element of the GOPe are in sync with the Tim Scott neocon agenda as outlined in these remarks below. WATCH:
Posted originally on the CTH July 14, 2023 | Sundance
There is one commonality amid all those who are skilled at the art of deception; one thing they all require in order to advance their position against their targets. Every deceiver relies upon their ability to stop people from trusting their instincts. This is why you will see me reminding everyone, repeatedly, to remain centered in your faith of a loving God, and TRUST YOUR INSTINCTS.
In this short soundbite with Nikki Haley, Tucker Carlson asks the former U.N. Ambassador, “who blew up the Nordstream pipeline?” Ambassador Haley is completely frozen and caught off guard. Does she retain the neocon position, or does she tell the truth – she’s stuck. WATCH:
Beyond that response, think about something carefully. In a field of multiple candidates where the issue of U.S policy toward Ukraine is being discussed as part of the format questioning, if there was one person in the entire group you would ensure received that question it would be the former UN ambassador. However, for some seemingly incurious reason, Nikki Haley never received that question from Tucker Carlson.
Take from that reality what you will. However, the reality of that question not being asked is real. The full remarks from Nikki Haley are below.
Posted originally on the CTH on July 14, 2023 | Sundance
Before getting to this rather jaw-dropping moment, let me first paint the Big Club agenda within it. Everyone knows the Big Club is stressed about the inability of Ron DeSantis to launch a successful campaign. Trillions are at stake, and they have invested hundreds of millions into the effort. Things are getting serious now.
You have heard me repeat it before; the Big Club it is a large network of aligned financial interests. It does not take a lot of organization and/or the creation of some massive global conspiracy, to create outcomes of mutual benefit when the interests of the parties are aligned.
Bob Vander Plaats is a big Ron DeSantis supporter in 2024 as he was for Ted Cruz in 2016. Team DeSantis in 2024 are the same people as team Cruz in 2016. The network of Vander Plaats and team DeSantis are aligned in common interests.
Vander Plaats organizes the candidate summit knowing the person selected to moderate the discussion is against the interests of all GOPe candidates. The outcome was predictable and by design. Using their GOPe vulnerabilities Tucker Carlson eviscerates the DeSantis competition.
During a discussion of priorities, Mike Pence says the state of our USA is “not my concern.” Mike Pence will never recover from this.WATCH:
I have traded head-to-head with Soros. Many believe that he was also behind getting me imprisoned after his attempt to trade against the Japanese yen in 1999. I defeated and warned all my clients at our March 1999 Tokyo conference how to defeat Soros and the other bankers who were trying to exploit the Japanese for their fiscal year-end on March 31st that year. I was the one who called in when he was targeting the British pound and confirmed that the pound was overvalued and it would crack which made him all his money.
While I cost Soros perhaps $1 billion in Japan, it was the Russian trade I refused to join when asked to invest $10 billion into Hermitage Capital Management. I warned them that Russia would collapse. I warned my clients at our June 1998 conference in London when the London Financial Times published that forecast on the front page of the second section. Soros lost $2 billion on that one. For years, all I have heard is how Soros and the other bankers & hedge fund guys wanted my company shut down.
When you are in the Financial Industry, your phones are recorded to make certain if you said buy, it would not a sell. I had everything on tape and it would have been enough to send a lot of people to prison for a long time and end this crisis that we are now facing where they are using the money to destroy Western Civilization. The government then claimed it was all destroyed in World Trade Center building 7 that every expert says was a controlled demolition. They claimed all my evidence was destroyed in WTC7.
Did they take down that building to save all the firms on Wall Street that were engaged in market manipulation and targeting other countries’ currencies? There were tapes even bragging about paying bribes to Russian officials to recall all the platinum for inventory. Surely, had the truth surfaced, it would have been a serious international crisis, and we would not be in the position we are today with open borders everywhere.
George Soros is perhaps one of the three greatest destroyers of Western Civilization with Klaus Schwab and Bill Gates. Soros has long pointed to academic philosophy as his source of inspiration rather than just personal philosophy. George Soros’s philosophy is organized around the idea of the “Open Society,” a term developed and popularized by Karl Popper (1902-1994), a political philosopher of some influence. Effectively, it stands for a one-world government.
Popper was an academic with no actual real-world investigation like Adam Smith – just theory. He was a self-professed critical rationalist, a dedicated opponent of clearly all forms of skepticism, conventionalism, and relativism. He was a committed advocate and staunch defender of the “Open Society”. According to Popper, open societies guarantee and protect rational exchange, while closed societies force people to submit to authority, whether that authority is religious, political, or economic.
Since 1987, George Soros has published 14 books. He has made it very clear that he leans left and his defining intellectual principle is internationalism. Soros’ political goal is to create a political world not defined by national states, but by a global community whose constituents understand that everyone shares an interest in freedom, equality, and prosperity. In his opinion, the creation of such a global open society is the only way to ensure that humanity overcomes the existential challenges of climate change and nuclear proliferation.
I have zero respect for Soros or his son. The EU was formed on this same theory that a one-world government will eliminate war. These people are totally ignorant of the fact that the Roman Empire represented one government, but the myth of the Pax Romana was precisely that because that ONLY applied to international war. There was a civil war when Julius Caesar crossed the Rubicon in 49 BC. Then there was another civil war between Octavian v Mark Antony & Cleopatra in 31BC 18 years later. The next civil war came with the death of Nero in 68AD, 99 years later. The next Civil War came with the assassination of Commodus in 192AD 124 years later. Then with the death of Caracalla in 217AD, the next Civil War unfolded 25 years later. This was followed by Civil Wars in 235, 244, 249, and 253.
Then the Roman Empire split into three parts in 260AD. This eventually led to reforms of Diocletian and the creation of the Tetrarchy in 284AD. That eventually broke down into another Civil War where Constantine seizes control claiming if there is one God, then there should be one emperor by 305AD – another 21 years later. Thus, during a period of 354 years, there were 11 major Civil Wars. So much for this theory of an “open society” creating this sick dream of a one-world government.
There are major cultural differences that cannot be forced into one. Even in the United States, there are four regional cultures. The Midwest is known as the Bible Belt. They clash with California and New York. In France, there is clearly an undertone of cultural discord. Some call this racism, but it is not about the color of someone’s skin, it is always about culture. Soros’ Open Society is the destroyer of Western Civilization. The West will fall and the new financial center of the world will be China. Our Neocons and their hatred for all Russians is an example of how this nonsense of an Open Society is a complete joke.
The Neocons opposed NATO’s invitation to Russia to join. They wanted to rule Russia and completely destroy the country politically. You cannot impose your culture upon another society.
Ukraine has effectively outlawed the Russian language even in the Donbas where ethnic Russians are not allowed to use their own language. Can you imagine what would happen if the USA banned the Spanish language or Canada outlawed French? The Ukrainian provision took effect on January 16, 2023, as stipulated in Article 25 of the law. It requires print media outlets registered in Ukraine to publish exclusively in Ukrainian. Publications in other languages must also be accompanied by a Ukrainian version, equivalent in content, volume, and method of printing.
The state language law requires that Ukrainian be used in most aspects of public life. The law was adopted and signed by former President Petro Poroshenko in 2019, as he was leaving office, with several provisions scheduled to come into force in subsequent years.
The entire Ukrainian War is a land grab, seize the Donbas and Crimea, outlaw Russian, and force their culture upon the indigenous population there and they have gone as far as to even outlaw the Russian orthodox church. They must change their religion to the Ukrainian version of Christianity.
This entire cabal that thinks they can force everyone into a single culture under a one-world government is threatening everything that humanity was all about. We are surrendering our cultures, our freedoms, and all of our dreams to people who think they can reshape the world as they think it should be. Soros said:
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 