Category The Hunger Games

Sep 17 2022

Panicked Germany Seizes Russian Energy Company Rosneft, Uses National Trusteeship to Control Oil Refinery – The Current Economic Outlook of Europe, Full State Control of Critical Energy Production


Posted originally on the conservative tree house on September 16, 2022 | sundance

Welcome to the new “democratic norms” in the industrialized west as Germany seizes the private assets of Russian owned energy company Rosneft; because oil refining is critical to fuel prices and German has just realized their vulnerability.

Within this new Build Back Better system, driven by the policies of western nations, it appears things are changing quickly.  Democracy or capitalism in Germany is now quickly dispatched, as socialism -state control- becomes the priority.

Heck, I’m old enough to remember when everyone decried China’s authoritarian economic model for doing the exact same thing as Germany (a few months ago).  But, well, we must pretend not to notice these things comrades….

(Reuters) – BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.

The economy ministry said it was putting a unit of Russian oil firm Rosneft (ROSN.MM) under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.

“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator. (read more)

Who knew economic security was national security?

Now, let’s start talking about USA food exports, shall we?

Also, I’ll take “Things That Won’t End Well” for $1000, Alex.

Sep 16 2022

The Cost of Illegal Immigration


Armstrong Economics Blog/Immigration Re-Posted Sep 16, 2022 by Martin Armstrong

Former President Trump requested $15 billion to build a wall between the US and Mexico. Everyone called him a crazy racist and dismissed his pleas. The truth of the matter is that the wall would have paid for itself in a year. American taxpayers have been paying around $20 billion annually since Biden took office to support the massive influx of illegal immigrants.

The study by the Federation for American Immigration Reform (FAIR) conducted an analysis and found that each illegal immigrant costs taxpayers $9,232 per year to support. The actual number of people crossing the border is unknown, and the 1.3 to 2 million estimated illegal immigrants this fiscal year alone is understated.

FAIR noted that money spent annually to support illegal aliens would amount to providing every homeless veteran with $50,000 a year, for a decade. The funds could be used to hire an additional 330,000 teachers across the nation to help the shortage. These taxpayer funds should be invested in America.

Useless Vice President Kamala Harris insists the border is “secure,” despite tons of counties declaring an invasion and begging Washington for help. “The border is secure, but we also have a broken immigration system, in particular, over the last four years before we came in, and it needs to be fixed,” Harris said. This is truly laughable as one of Trump’s main qualms was securing the border.

Southern states have begun to send immigrants to “shelter cities” where they claim they will open their arms and wallets to all illegals. They have been terribly equipped to handle the massive influx of buses arriving in their cities, and the Democrats are crying that the Republicans are playing a dirty game. The truth of the matter is that these politicians do not see the true impact of the border crisis. Until buses of undocumented people arrive at their doorstep and they have to figure out how to help them, they are ignorant to the issue. Even Harris failed to visit the border after first being appointed as the border czar. The truth of the matter is that the Biden Administration has zero plans to fix the invasion crisis because they are hoping those who make it over will vote blue to stay in the US.

Sep 16 2022

Tucker Carlson Notices the Missing Jubilation in Martha’s Vineyard as Dozens of Illegal Aliens Arrive


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

A strange thing happened.  After lecturing the nation on the virtues of mass migration, the white liberal democrats on Martha’s Vineyard did not celebrate the arrival of the non-white immigrants they have been demanding for years.

Fox News host Tucker Carlson noted in his monologue that Martha’s Vineyard famous nimby residents, including former President Barack Obama, did not welcome the people of color as one would expect.  Instead of celebrating the new diversity, oddly the residents quickly moved to find alternate off island locations to accept the arriving immigrants. WATCH:

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Sep 15 2022

Ukraine Carrying out Assassinations in Moscow


Armstrong Economics Blog/War Re-Posted Sep 15, 2022 by Martin Armstrong

There are reports on the Russian General SVR Telegram channel, which tends to be an anti-Putin station, that is claiming there was an inside-job attempt to assassinate Putin with an attack on his motorcade. He was not harmed. They are claiming that the first car of the convoy was blocked by an ambulance, but the second car made a slight detour and did not stop. A loud bang was supposedly heard from Putin’s car, but it continued and arrived safely at the president’s residence.

They further claimed that the body of a man was then found driving the ambulance. They have reported that the head of the president’s bodyguards and several other people have been suspended and are in custody. Nobody has been named and there is no other news service that has reported this claim.

When we look at our models, the real higher volatility and the turning point in Russia appear to be in October, which is also a Panic cycle in the ruble. What we do see is that the Ukrainians carried out assassination hits in Russia. They have been trying to target Putin to kill him without success so far. They tried to kill Aleksandr Dugin with a car bomb, but they killed his daughter Darya Dugina. This is the car bombing of a pro-Putin supporter in Moscow. The sheer hatred between Ukrainian and Russians is legendary and as such the likelihood of this ever reaching peace is unlikely.

My sources continue to suggest that removing Putin will escalate things, not stop them. The hardliners will seize power and that will not be good going into 2023. Claiming they have Putin on the run is not going to win the day in Ukraine. It runs the risk of really escalating things for the hardliners in Moscow are criticizing Putin for being too soft on Ukraine. He for the first time started to attack their power grid. The hardliners will push for a serious attack against Ukraine rather than just securing the Donbas.

Sep 15 2022

Debt Diplomacy – Is China the East IMF?


Armstrong Economics Blog/China Re-Posted Sep 15, 2022 by Martin Armstrong

The International Monetary Fund is not the only option for countries in desperate need of funding. The Financial Times recently reported that China has been sending out tens of billions in secretive “emergency loans” to countries facing financial hardship.

China and others have been known to invest in emerging or struggling economies, but China seems to be upping its aid and has provided more funds than even the World Bank. AidData revealed that Pakistan, Argentina, and Sri Lanka alone had received $32.83 billion since 2017. Former Vice President Mike Pence accused China of using “’debt diplomacy’ to expand its influence. [China] is offering hundreds of billions of dollars in infrastructure loans to governments from Asia to Africa to Europe and even Latin America. Yet the terms of those loans are opaque at best, and the benefits invariably flow overwhelmingly to Beijing.” Pence claimed that China would prey upon poor nations and take ownership of key infrastructure upon default. Another example of the pot calling the kettle black, so to speak.

Pence used the example of Sri Lanka who was pushed into default, opening room for China to construct a military base in the port of Hambantota. The Atlantic published an article in 2021 to say that Pence’s claims of China ushering in their military to Sri Lanka was a lie, as if China wouldn’t jump on such an opportunity. Last month, in August 2022, China dispatched military ships to Hambantota with the intention of using the port for dual commercial and military use. Remember that Sri Lanka recently overthrew its president and has been in utter disarray — their economy completely collapsed.

“Sri Lanka needs financial assistance, and it would not want to displease China by revoking the permission,” Jehan Perera, executive director of the National Peace Council of Sri Lanka, told VOA. At this time, they are not building a military base, but it is possible as Chinese companies took out a 99-year lease on the area in 2017. Sri Lanka was seeking a loan from the IMF, but they were unwilling to take on such risky debt. Business is business. Sri Lanka was desperate, and China was willing to come to their aid, but governments only act in their self-interest and would not take on risks if they did not see a way to monetize that risk.

So yes, China is willing to take on the risks that the IMF will not. Unlike the IMF, China does not need to disclose its investments. China is investing less in US and Western debt and has turned its attention to indebted nations. This may be one of the reasons that our computer predicts China will become the next financial capital of the world by 2037.25.

Sep 15 2022

Switzerland to Imprison People for Heating Homes


Armstrong Economics Blog/Climate Re-Posted Sep 15, 2022 by Martin Armstrong

Imagine going to jail for three long years for heating your home or business. That now may become a reality in Switzerland, where heating your home above 19 C (66.2 F) is considered excessive and a punishable offense. Water may not be heated above 60C (140F), and saunas and hot tubs powered by radiant heaters are prohibited. Indoor swimming pools also must remain cold.

Markus Sporndli, a spokesman for the Federal Department of Finance, said that people could be charged a daily fine of 30 francs for disobeying, but the fee could spike to 3,000 francs. The government is warning that there could be “spot checks” and said they would send authorities if someone reports a resident or business for breaking the law. Switzerland imposed fines and expected neighbors to turn on one another for COVID, and this is yet another power grab.

The law is still being finalized, but this is yet another way for the government to turn the common person into a criminal. The government, not the people, created this energy crisis and now demands that the people suffer for their mismanagement. Some are calling these measures “Green fascism” or “ecofascism.”

Historian Michael E. Zimmerman defined ecofascism as follows: “a totalitarian government that requires individuals to sacrifice their interests to the well-being of the ‘land,’ understood as the splendid web of life, or the organic whole of nature, including peoples and their states.” Expect to see this trend rise as temperatures decline.

Sep 15 2022

Food Stamps for US Soldiers


Armstrong Economics Blog/USA Current Events Re-Posted Sep 15, 2022 by Martin Armstrong

Washington acts perplexed as to why recruitment is nearing a record low. Food inflation is on the rise across the world, increasing 10.9% in the US over the last year. This marks the largest 12-month spike in food prices since 1979. The food at home index spiked 15.8%, cereals and bakery goods rose 15%, and dairy products rose 14.9% in the past year alone. Service members who rely on government pay, not adjusted for inflation, are struggling.

This may come as a surprise – the Pentagon believes 24% of enlisted personnel are food insecure. How on Earth could the US expect to maintain a strong military when nearly a quarter of members cannot provide their families with food? The military budget is certainly not hurting for funds.

The US Army is now recommending that service members apply for food stamps. So, instead of using the funds from the military budget, the government wants to take those funds from a program designed for low-income individuals.

“With inflation affecting everything from gas prices to groceries to rent, some Soldiers and their families are finding it harder to get by on the budgets they’ve set and used before,” the guidance written by Sergeant Major of the Army Michael A. Grinston reads. “Soldiers of all ranks can seek guidance, assistance, and advice through the Army’s Financial Readiness Program.”

Grinston goes on to recommend resources for managing debt, spending, and taxes. Soldiers can request to receive a 6% interest rate cap on debts incurred prior to serving. This includes credit cards, loans, and mortgages. Take advantage of this service and any military benefits if you have the opportunity.

It is a shame that the men and women fighting for our country are surviving on food stamps. Maybe instead of paying off military contractors, sending endless funds to foreign nations, and “10% to the big guy,” the US government can help those who risk their lives to serve and protect our diminishing freedoms.

Sep 15 2022

Bidenomics, August 2022 Inflation Data Infographic


Posted originally on the conservative tree house on September 14, 2022 | Sundance 

Someone had requested a simple to see infographic of the Bureau of Labor and Statistics August inflation data with monthly and yearly outcomes.  I thought everyone might find this graphic as a good tool for sharing with your network.  [Data Source Link]

Additionally, the BLS also released the producer price index today [DATA HERE].  The PPI for goods dropped slightly, as we expected, due to the August temporary decline in gasoline and diesel.   However, the PPI for final demand services moved up 0.4 percent in August, the fourth consecutive rise.

We are now seeing service providers having to raise their prices to cover their increased costs.   This could be trouble for employment in the long-term.

Sep 15 2022

DOJ-NSD Frantic That Special Master Might Review IC Defined Classified Documents, Even if Trump Declassified, Because Sources and Methods


Posted originally on the conservative tree house on September 14, 2022 | Sundance

Late yesterday the DOJ National Security Division (DOJ-NSD) filed another motion in federal court urging Judge Cannon not to allow the special master to review documents they alone determine to be “classified.”  [pdf of motion Here]

The DOJ-NSD, officially the Trump targeting division, is frantic that an outside reviewer would be granted access to oversee the DOJ/IC unilateral determinations of the documents, even if…. [watch the goal posts moving now]…  those documents were previously declassified by President Trump.

Yes, even if the documents were declassified (they were), the DOJ is apoplectic that someone would be allowed to see them.  Their reason?…  “sources and methods” might be exposed.

The DOJ-NSD is claiming the Intelligence Community (IC) is the real authority here, not the President of the United States.  It is a rather remarkable position to take.

You might even find yourself wondering by what constitutional authority does anyone in the IC bureaucracy determine whether a president’s declassification of documents was legit?  The President has the power to declassify; however, according to the position of the DOJ-NSD, the president must defer to them.  :::spit:::  Hopefully Judge Cannon sees this for what it is.

However, all of that said, the serendipitous revelation of the FBI hiring Christopher Steele’s source, Igor Danchenko, as a Confidential Human Source (CHS) for three years (March 2017 through Oct 2020) helps to explain the current level of the DOJ-NSD apoplexy, in this motion.

Danchenko was labeled by the corrupt FBI as a Confidential Human Source specifically to shield him (and them) from scrutiny that could be applied by any oversight or inquiry.  In essence Danchenko became shielded by the same “sources and methods” scheme the DOJ-NSD is now worried about retaining in the Mar-a-Lago documents.

As the DOJ-NSD now moves the goal posts to say, ‘yeah, so what if Trump declassified the documents – we still don’t like it, and he might reveal our sources and methods,’ we begin to get a more fulsome perspective on the reason for the Mar-a-Lago raid.

President Trump declassified the documents showing the corrupt DOJ and FBI targeting operation of him.   The corrupt DOJ and FBI went and took back the evidence against them in the Mar-a-Lago raid and now says no one should be allowed to see it.

Everything is becoming increasingly transparent.

Overlay the Durham probe and you discover, the govt people responsible for illegally targeting Trump are the same govt people responsible for investigating the illegal Trump targeting.

We keep watching….

Sep 14 2022

Kari Lake: DOJ Subpoenas ‘Politically Motivated Attack’ on Trump


Newsmax TV Published originally on Rumble on September 13, 2022 

Arizona gubernatorial candidate Kari Lake joins us to discuss the Justice Department’s expanding its investigation into the Capitol breach.