Biden Begs Saudi Arabia for Oil


Armstrong Economics Blog/Energy Re-Posted Jul 19, 2022 by Martin Armstrong

Biden’s trip to Saudi Arabia did not go as planned. Saudi Arabia will temporarily increase oil production in July and August in exchange for a slew of removed restrictions. Civilian aircrafts from Israel will be permitted to fly over Saudi Arabia. Peacekeepers will be removed from Tiran Island, where US soldiers have been stationed since the late 1970s. Five Americans were killed in a helicopter crash over this region in 2020, but intel swears it had nothing to do with terrorism. Tiran Island will now be redeveloped into a tourist destination, although I am unsure how eager the general public will be to visit.

Per usual, Biden pledged to give a foreign nation tons of money to develop their infrastructure while leaving America in the dust. This will be done through support for the US Partnership for Global Infrastructure and Investment (PGII), which was announced at the last G7 summit. The US will also help Saudi Arabia deploy 5G technology and expand internet access.

Humorously, Biden welcomed the Partnership Framework for Advancing Clean Energy to help Saudi Arabia “transition and combat the effects of climate change.” Oil is the Saudi’s bread and butter, and building green energy infrastructure is likely not a promise that will be kept.

Both the left and right are angry with the president for grappling at the feet of Crown Prince Mohammed bin Salman. Bernie Sanders slammed Biden for visiting Saudi Arabia. “If this country believes in anything, we believe in human rights, we believe in democracy, and I just don’t believe that we should be maintaining a warm relationship with a dictatorship like that,” Sanders said. Biden maintained that he spoke to the crown prince about the death of Khashoggi at the top of the meeting, but the crown prince maintained innocence and said to tread lightly when interfering in alleged human rights abuses.

Faisal bin Farhan Al-Saud, Minister of Foreign Affairs of Saudi Arabia, explained it well. “The Crown Prince pointed out to President Biden that we the kingdom, the respect for human rights is a core value for the Kingdom of Saudi Arabia based on our Islamic beliefs and our Arab heritage. And that it’s absolutely important that values be spread through dialogue. Trying to impose your values on others is not going to be effective. It will get you a negative reaction. … The right way to try and put your values forward is to show the world that you adhere first of all to those values, that you are respecting your own values.”

Basically, Saudi Arabia is going to continue operating as it sees fit and has the leverage to negotiate lucrative deals since the US is unwilling to drill. “In the end you cannot impose your values by force. … The Crown Prince was quite clear with President Biden, and we have our own values and those are not going to align 100% with US values ever because we are very, very proud of our own traditions, our own values, our own faith,” bin Farhan said.

Fauci Set to Retire


Armstrong Economics Blog/Corruption Re-Posted Jul 19, 2022 by Martin Armstrong

Dr. Anthony Fauci, Mr. COVID himself, announced that he would retire at the end of Joe Biden’s term. Fauci hinted in an interview that he fears an investigation into his personal dealings if the conservatives take back control next year. “They’re going to try and come after me, anyway. I mean, probably less so if I’m not in the job,” Fauci told Politico. We know the vaccination does not work and causes more harm than good. The long-term effects of the vaccines and lockdowns are now coming to light, and Fauci is responsible as the mascot for the entire COVID agenda.

Fauci maintains that boosters will be necessary every year, similar to the flu vaccine, despite the components of the two vaccines differing drastically. Fauci also admitted that the people are waking up to the fear-mongering and brainwashing techniques he used to scare the world to stay inside.

“It’s becoming more and more difficult to get people to listen, because even the people who are compliant want this behind them,” Fauci said, bewildered that people do not obey his every word. “What I try to convince them [of], with my communication method, is we’re not asking you to dramatically alter your lifestyle. We’re not asking you to really interfere with what you do with your life. We’re just asking you to consider some simple, doable mitigation methods.”

The ”simple, doable mitigation methods” involved involuntary house arrest, school closures, business closures, and forced vaccinations of an EXPERIMENTAL mRNA gene-altering therapy. These policies were a gut punch to the global economy. Countless people lost their jobs and lives due to his warped God-complex view of “trust the science.” This man should be held accountable for the damage he has done to society – permanent damage that will linger for generations to come.

Russia to Cut off Germany from Gas Thanks to Zelensky


Armstrong Economics Blog/Energy Re-Posted Jul 18, 2022 by Martin Armstrong

It is very interesting how Volodymyr Zelensky is doing whatever he can, not merely to destroy all of Europe, but to push the world into World War III because of his and Ukraine’s inherent hatred of Russians. He has told Justin Trudeau that Ukrainians would never accept Canada’s decision to return a gas turbine intended for a Russian pipeline because it would encourage more sanctions violations. Meanwhile, Gazprom has come out and stated that it could no longer guarantee its “good functioning” pipeline to Germany due to crucial turbines that are being held up in Canada because of sanctions.

Gazprom has declared extraordinary circumstances to void itself from all contractual obligations to Germany, whereby the gas flow to Europe will stop flowing indefinitely. Reuters reported a letter dated July 14, 2022. Zelensky thinks cutting gas supplies to Germany will force NATO to invade Russia. Kyiv will be the first to go before Zelensky can make it to his private jet to run off to enjoy the hundreds of millions he is stashing offshore.

Perhaps Germany should now invade Ukraine. It seems to be the only way to save Europe.

Our computer has been targeting here late July and August and high volatility and August as a Panic Cycle in some markets. But just about everything is going nuts into 2023. A quarterly closing above $6.25 in natural gas, which it has NOT been able to achieve this far, will confirm this is going to get much worse. Therefore, a September closing ABOVE $6.25 will be a serious warning for 2023. We had a rare Double Directional Change this quarter, so it looks like we have the most brain-dead crop of world leaders ever in human history and Zelensky, who I warned was the man who would create World War III.

Even NYC lost over 5,000 small businesses thanks to COVID. There isn’t a single decision these people are capable of making. It has reached the point that people who I know personally, who would be qualified to lead, are simply not interested due to the WOKE culture. We are simply headed into a politically created nightmare.

We see sharply higher volatility in August and the SIGNIFICANT risk of war coming in the first quarter of 2023. This is NOT something that is my personal opinion. The only thing that can actually target periods well in advance is an unbiased computer. It was Socrates that targeted 2008 as a Panic Cycle published back in 1999, which can be verified on the Wayback Machine. That was not only the Great Crash that set in motion negative interest rates theories, but it was the historical high in the euro.

Ukraine Cargo Plane Crashed in Greece Carrying 11 Tons of Bombs, Mortars and Landmines to Bangladesh


Posted originally on the conservative tree house on July 17, 2022 | Sundance

If I had to hazard a guess about what this was, I’d say it is most likely: (a) part of the massive Ukrainian stores of mortars and landmines in eastern Ukraine that were moved in order to keep the Russians from capturing them; or (b) the actual arms that were captured by Russian and then sold on the world arms market.   Either way, somehow, they end up as part of an arms deal from Serbia to Bangladesh.

With the new and improved western weapons provided by the United States, Ukraine is likely upgrading and selling their old weapons to various nefarious arms dealers.

This shipment happened to crash, and that’s the only reason we are hearing about it.

(Via Daily Mail) –  Soldiers in hazmat suits searched for signs of nuclear and chemical substances at the crash site of a Ukrainian cargo plane transporting nearly a dozen tons of mortar shells and land mines.

The Antonov An-12 light aircraft, which was transporting the weapons from Serbia to Bangladesh, had eight Ukrainian crew members onboard. They were all killed. 

An official at Kyiv cargo operator Meridian told Reuters: ‘Of course they didn’t survive this.’  Eyewitnesses filmed the fireball crash in the early hours today, with explosions continuing for two hours and the charred wreckage burning until morning.

Drone images from the scene showed debris from the bulking aircraft strewn in fields.  Serbia’s defense minister said the plane was carrying 11.5 tonnes of products made by its defense industry and the buyer was Bangladesh defense ministry.   Greek authorities could not provide any more information on the aircraft’s cargo. (more)

Previously Russia was reporting to have captured a massive Ukranian military weapons cache near Kharkov (northeastern Ukraine).  I wrote about it HERE.  However, the video (partial screengrab below) was quickly removed by the internet police.

The doomed weapons shipment supposedly originated from Serbia, so the original source could be either Ukraine or Russia.  Who knows?  Amid all of the propaganda, Ukraine corruption and furious U.S. arms shipments into Ukraine, there are multiple sketchy participants likely involved in selling the arms on the global black market.

FUBAR

If You Eat Today…


Armstrong Economics Blog/Uncategorized Re-Posted Jul 16, 2022 by Martin Armstrong

If you’re not from America, replace “Biden” with your elected official who is following plans for the Great Reset. The civilians and service members are the ones who truly keep our nations afloat and deserve praise for their efforts.

WWIII is not Worth Supporting Ukraine in a Land Grab


Armstrong Economics Blog/War Re-Posted Jul 16, 2022 by Martin Armstrong

The West is determined to invade Russia and they believe that they can destroy it despite the fact that they are no longer a communist nation or a threat. That does not seem to matter for they want war because Russia and China will not surrender their sovereignty to the United Nations under this Great Reset all for Climate Change & the WEF.

Indeed, many practical Western military strategists are starting to agree that Henry Kissinger’s advice must be taken and that peace negotiations should begin – NOW. There is a growing number of military strategists that realize that Russia and Belarus along with China and North Korea will all join to defeat the West and NATO which they see as the greatest threat now to humanity.

The West needs war because it can no longer maintain this Marxist socialism system borrowing endlessly with no intention to repay anything  back. This is coming to an end. Our computer has warned 40 years ago that the target for the collapse of socialism was due in 2023. Communism fell in 1989 and now it is our turn in 2023. Marx’s theories will be remembered throughout history. I find it interesting that it is forbidden even in the Ten Commandments warning that this idea of rob from one class to hand to another has never worked. We must now pay the price for this theory. When it was first imposed, over 200 million people died resisting communism in Russia and China. It is ironic that now we are the Marxism trying to impose our will upon Russia and China. What goes around, comes around.

Russia has been unable to use its air power because NATO is providing Ukraine with all the tactical information needed so they only need to turn on their radar minutes before launching and as such Russia cannot destroy those systems which have been supplanted by NATO. Either Russia takes out the AWACs providing that information which then is an act against NATO. The West thinks it is very clever in this arrangement but they really have entered the war and it is just a matter of time that this escalates out of control.

The danger here is that the West is pushing Russia into a very dangerous position. Russia can terminate the entire supply of arms to Ukraine by destroying dams that also form key bridges over the Dnepr. However, they can score a complete defeat of Ukraine by launching several dozen tactical nuclear weapons. What will NATO do then? These clever tactics of NATO being in the war but pretending they are not is a very risky game.

It is not likely that the West will ever take the advice of Kissinger and apply pressure to Kyiv to come to the table and face this unpleasant reality that they must relinquish their claim to territory occupied by Russians who they absolutely hate.

THE COLLAPSE IS HERE & THE FARMERS ARE FIGHTING BACK


The Dive With Jackson Hinkle  Published originally on Rumble on July 15, 2022

Biden Fist-Bumps Crown Prince Mohammed bin Salman During Greeting in Saudi Arabia


Posted originally on the conservative tree house on July 15, 2022 | Sundance

After calling Crown Prince Mohammed bin Salman (aka MbS) a “pariah” for killing CIA operative Jamal Khashoggi, a Qatar-based Brotherhood member who was working under the CIA cover of a Washington Post press credential, Joe Biden now greets MbS in Saudi Arabia with a fist-bump.  WATCH: 

It is pretty clear from the way Biden was prepping for the introduction, that a fist-bump was agreed between both teams.

Cunning Senator Manchin Tricks West Virginia Voters, Senator Stalls $500 Billion Green New Deal Energy Legislation, Democrats Demand Removal from Chair of Energy Committee


Posted originally on the conservative tree house on July 15, 2022 | Sundance 

Joe Manchin didn’t completely torpedo the $500 billion in Green New Deal climate change spending, but he did stall it for a month saying he would not support the climate change spending until he sees July’s inflation numbers in August, which should be a warning.

If you think carefully about it, it’s a classic Manchin head-fake.  The July and August inflation numbers, to be released in August and September respectively, are almost guaranteed to be lower than June.

July/Aug are the two months we are in right now where inflation is hitting a plateau.  Gasoline prices are dropping due to a drop in demand. This is the period before prices start rising again in September and October when the energy farming costs start to roll out with the next harvest.

Senator Manchin isn’t stupid; in fact, he is quite Machiavellian, he knows this… thus, his position.

Manchin can give the illusion of prudence, but he knows the July inflation rate will show a decrease for two reasons.

First, in the month-to-month comparison, July will not carry the same scale of gasoline and energy increases as June.  Second, in the year-over-year comparison, July ’22 will be comparing to July 2021 when prices already started skyrocketing.  Bottom line, July inflation will give the illusion of dropping, which gives Manchin a shield to support the spending…. and he will.

WASHINGTON DC – Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs, or try to negotiate a larger bill in September that includes climate and tax reform with no guarantee it will pass.

The West Virginia Democrat said Friday that he wants to see another month of inflation numbers before considering legislation that might increase taxes on some higher-income Americans and plow hundreds of billionsof dollars into the energy sector. On Thursday Manchin “unequivocally” rejected July or August approval of Democrats’ proposed energy investments and tax increases in a meeting with Senate Majority Leader Chuck Schumer, according to a person briefed on the meeting.

[…] Democrats are reeling after Manchin’s communication to Schumer indicated that climate change and tax provisions are unworkable for any party-line bill considered this summer. Fury is building within the party, with Sen. Martin Heinrich (D-N.M.) questioning whether Manchin should continue to chair the Senate’s Energy committee.

[…] Manchin had sought to shave down an energy package originally set at more than $500 billion to $300 billion or less. He balked privately at sending money to the EV industry and the Direct Payment program. (Read More)

While you won’t see a single MSM analyst, financial pundit or mainstream political commentator point out what Manchin is doing, his strategy is cunning.

Right now, conservatives are calling Manchin a hero for blocking the GND spending while progressives attack him.  This gives the impression that he is a centrist, above the fray, and wise in his outlooks toward the economy and budgeting.   However, it’s a ruse.  Joe Manchin knows, just like you do, that the next inflation report will be much lower.  He is positioning to support the climate change spending in September.

Watch.

Bookmark this.

The scheming strategery of Joe Manchin is as predictable as the scheming strategery of Mitch McConnell.

The two wings of the UniParty duck seem still on the surface.  This type of ploy is exactly how DC is able to operate, paddling forward furiously, just below the surface; and almost no one can see what is happening.

Once you see the strings on the political marionettes, you can never return to that moment in the performance when you did not see them.  However, because too few people see them, almost everyone congregates in the lobby during the mid-term intermission asking, “hey, when did Texas become dependent on windmills?

Obama Lashes Out at Former White House Physician for Questioning Biden’s Mental Health


Armstrong Economics Blog/Politics Re-Posted Jul 15, 2022 by Martin Armstrong

Rep. Ronny Jackson, R-Texas, a former White House physician under the Biden Administration, was reprimanded by former President Obama for admitting that everyone has been questioning Joe Biden’s mental health for years. “Holding the Line: A Lifetime of Defending Democracy and American Values,” a memoir penned by Jackson, discusses the conversations he had concerning the then vice president’s deteriorating mental state.

Biden was on TV again, making crazy statements and concerning mental gaffes; he didn’t know what state he was in or what office he was campaigning for,” Jackson noted in reference to his 2020 campaign. “He apparently thought at one point that he was running for the Senate and later couldn’t remember what state he was campaigning in. This had been going on for months and was getting worse.”

Jackson also happens to be the same physician who forced Donald Trump to undergo a cognitive test, which he passed. The media was constantly criticizing Trump for mistakes and he willingly took the cognitive test to put the public at ease.

In the letter posted above, Obama expresses his disappointment at “the cheap shot” Jackson took at Joe Biden. He did not, however, claim that the statements Jackson made were untrue. It is almost impossible to ignore the missteps of President Biden at this point in time, and America has become the laughing stock of the world for putting a senile old man in charge. The Democrats clearly knew that Biden was mentally unfit to run for president but elected him anyway. This man possesses the nuclear codes, executive order powers, and the ability to catapult this country into the Dark Ages.