Argentina Raises Interest Rate to 69.5%


Armstrong Economics Blog/Socialist Re-Posted Aug 15, 2022 by Martin Armstrong

Argentina is out of options. I reported on the ongoing widespread protests occurring across the country. The majority of the nation is unemployed, and the currency is basically worthless. The people can no longer rely on the socialistic promises as the government is unable to fund its programs. Basic necessities are no longer available, and the people are suffering.

After inflation reached 60%, the nation decided to stop printing money entirely. The central bank just voted to raise the benchmark rate by 950 bps to 69.5%. Inflation now sits at 71% after prices rose 7.4% in July.

Estimates state that inflation could reach 90% in Argentina by the end of the year. The government has run the economy into the ground, 6 feet under, and it will need a complete overhaul for the people to begin living comfortably again.

Romania Gifts Moldova One Million Potassium Iodide Pills


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

The world is preparing for the worst – a nuclear disaster. Romania gifted Moldova one million pills that protect against radioactivity due to fighting near the Zaporizhzhia power plant in Ukraine. Russia has control of the plan but claims it will not begin a nuclear war. Still, the Commission for Exceptional Situations of Moldova is distributing potassium iodide pills to citizens as a precaution.

The pill is supposed to prevent the thyroid from absorbing radioactive iodine and must be taken within 24 hours of exposure.

Romania has personally distributed 30 million potassium iodide pills to its citizens. Romania’s Minister of Health, Alexandru Rafila, is urging everyone under the age of 40 to pick up their tablets. “There is more demand, less demand, I don’t know to tell you. But now, perhaps as things get tense in Ukraine, demand is likely to increase. But family doctors must issue a prescription to those who need to receive potassium iodide.” He added.

Romanian doctors expressed disappointment as citizens immediately panicked and rushed to obtain these pills. The fear of a potential nuclear disaster is now embedded in the minds of many Eastern Europeans.

Yet More Problems at Problematic Baltimore Drug & Vaccine Production Plant—Plenty of Taxpayer Dollars Burn Away


TrialSite Staff Posted on Aug. 14, 2022, 10:30 a.m.

A drug and vaccine drug production facility in Baltimore plagued with problems was shut down by the U.S. Food and Drug Administration (FDA) in early 2021. Apparently suspended due to contaminants, the FDA allowed the production facility to go back online just months later in August of 2021. Now about 135 million doses of the Johnson & Johnson vaccine will need to be destroyed due to yet more quality mishaps at the same facility. Other production problems at an Emergent BioSolutions production facility reported by this media led to the destruction of 400 million vaccine doses last year. According to a statement by Johnson & Johnson has ended its relationship with Emergent BioSolutions. The New York Times covered this latest quality debacle late last month.

Emergent BioSolutions benefited from multiple federal contracts during the pandemic yet couldn’t keep the quality together to avoid the wastage of hundreds of millions of vaccine doses.

Emergent BioSolutions was a costly partner for AstraZeneca as well as Johnson & Johnson. A manufacturing partner in America they were apparently the cause of vaccine safety issues at the now notorious Baltimore plant run by Emergent BioSolutions. The most recent quality debacle was more widely reported in places such as India.

While Emergent BioSolutions has been plagued with production errors, they still benefit from ongoing federal government grants—meaning ultimately taxpayer-funded research.

Why aren’t the feds more concerned? TrialSite reported just a few months ago that the National Institutes of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH) granted Emergent BioSolutions funds for yet another vaccine development effort. This time the funds went to Emergent BioSolutions to conduct a Phase 1 study evaluating an early-stage vaccine for Eastern Equine Encephalitis virus (EEV), Western Equine Encephalitis virus (WEEV) and Venezuelan Equine Encephalitis virus (VEEV).

Perhaps the quality issues plaguing the Emergent BioSolutions Baltimore production facility won’t be an issue for the development of investigational products for this novel vaccine?

Brazen Elitists Don’t Care That You Notice Their Hypocrisy


The Clay Travis & Buck Sexton Show Published originally on Rumble on August 11, 2022

Clay Travis and Buck Sexton know that the Biden family has no shame. Hunter Biden, a man who is in a class of his own when it comes to felonies, flew all the way across the country to be able to ride in Air Force One with Joe Biden, and take advantage of the great photo op, of course.

Neil Oliver, Think the Unthinkable and Accept That is the Better Reference Point


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

Neil Oliver returns from a vacation to deliver one of his best contemplative monologues to date.  Mr. Oliver rightly says that if you reset your historic reference points, and you begin to recognize that thinking the unthinkable is actually the best reference point for your current state, it is like a key that unlocks the answers.

We are the battered spouses in an abusive relationship with government. Nothing we can do is going to appease the abuser, it is the inherent state of their disposition. WATCH:

[Transcript] – It is hard to think the unthinkable – but there comes a time when there’s nothing else for it. People raised to trust the powers that be – who have assumed, like I once did, that the State, regardless of its political flavour at any given moment, is essentially benevolent and well-meaning – will naturally try and keep that assumption of benevolence in mind when trying to make sense of what is going on around them.

People like us, you and me, raised in the understanding that we are free, that we have inalienable rights, and that the institutions of this country have our best interests at heart, will tend to tie ourselves in knots rather than contemplate the idea those authorities might actually be working against us now. I took that thought of benevolent, well-meaning authority for granted for most of my life, God help me. Not to put too fine a point on it, I was as gullible as the next chump.

A couple of years ago, however, I began to think the unthinkable and with every passing day it becomes more and more obvious to me that we are no longer being treated as individuals entitled to try and make the most of our lives – but as a barn full of battery hens, just another product to be bought and sold – sold down the river.

Let me put it another way: if you have been driving yourself almost demented in an effort to think the best of those in charge – those in senior positions in government, those in charge of the great institutions of State, those running the big corporations – but finding it increasingly impossible to do so … then the solution to the problem might be to turn your point of view through 180 degrees and accept, however unwillingly, that we are … how best to put this … being taken for a ride.

When you find a stranger’s hand on your wallet, in the inside pocket of your jacket … rather than trying to persuade yourself he’s only making sure it doesn’t fall out … it might be more straightforward to draw the conclusion you’re in the process of being robbed.

Once the scales fall from a person’s eyes, the resultant clarity of sight is briefly overwhelming. Or it is like being handed a skeleton key that opens every locked door, or access to a Rosetta Stone that translates every word into a language instantly understood.

Take the energy crisis: If you’ve felt the blood drain from your face at the prospect of bills rising from hundreds to several thousands of pounds while reading about energy companies doubling their profits overnight while being commanded to subsidise so-called renewables that are anything but Green while listening to this politician or that renew their vows to the ruinous fantasies of Net Zero and Agenda 2030 while knowing that the electricity for electric cars comes, in the main and most reliably, from fossil fuels if you can’t make sense of it all and just know that it adds up to a future in which you might have to choose between eating and heating then treat yourself to the gift of understanding that the powers that be fully intend that we should have less heat and less fuel and that in the planned future only the rich will have cars anyway. The plan is not to fix it.

The plan is to break it, and leave it broken. If you struggle to think the best of the world’s richest – vacuous, self-obsessed A-list celebrities among them – endlessly circling the planet on private jets and super yachts, so as to attend get-togethers where they might pontificate to us lowly proles about how we must give up our cars and occasional holiday flights – even meat on the dinner table … if you wonder how they have the unmitigated gall … then isn’t it easier simply to accept that their honestly declared and advertised intention is that their luxurious and pampered lives will continue as before while we are left hungry, cold and mostly unwashed in our unheated homes.

Here’s the thing: if any leader or celeb honestly meant a word of their sermons about CO2 and the rest, then they would obviously lead by example. They would be first of all of us willingly to give up international travel altogether … they would downsize to modest homes warmed by heat pumps. They would eschew all energy but that from the sun and the wind. They would eat, with relish, bugs and plants. They would resort to walking, bicycles and public transport.

If Net Zero and the rest was about the good of the planet – and not about clearing the skies and the beaches of scum like us – don’t you think those sainted politicians and A-listers would be lighting the way for us by their own example? If the way of life they preach to us was worth living, wouldn’t they be living it already? Perhaps you heard Bill Gates say private jets are his guilty pleasure.

And how about food – and more particularly the predicted shortage of it: the suits and CEOs blame it all on Vladimir Putin. But if the countries of the world are truly running out of food, why is our government offering farmers hundreds of thousands of pounds to get out of the industry and sell their land to transnational corporations for use, or disuse unknown? Why aren’t we, as a society, doing what our parents and grandparents did during WWII and digging for victory? Why is the government intent on turning a third of our fertile soil over to re-wilding schemes that make life better only for the beavers? Why aren’t we looking across the North Sea towards the Netherlands where a WEF-infected administration is bullying farmers off their land altogether, forcing them to cull half the national herd.

Those Dutch farmers are among the most productive and knowledgeable in the world, holding in their heads and hands the answers to all manner of questions about how best to produce food, and yet their government is so intent on scaring them out of the business that a teenage boy in a tractor, taking part in a protest to defend ancient rights and traditions, was fired on by police.

Why do you think it matters so much, to the government of the second most productive population of farmers in the world, to gut and fillet that industry? Why? Why have similar protests, in countries all across Europe and the wider world, been largely ignored by the mainstream media – a media that would have crawled on its hands and knees over broken glass just to report on a BLM protester opening a bag of non-binary crisps. Why the silence on the attack on farming?

And while we’re on the subject of farmland ownership, why is computer salesman Bill Gates buying so much farmland in the US – more than a quarter of a million acres in 19 states at the last count, while simultaneously promoting the production and sale of fake meat? And why have so many small planes crashed into massive food processing plants in the US, sparking fires and thereby hobbling the production and distribution of yet more of the very stuff of life? Why is this happening to farmers and farming … all across the hitherto developed world …?

Isn’t the simple obvious answer … the answer that makes most sense and that is staring us in our trusting faces … that power for the power-hungry has always rested most effectively upon control of food and its supply? Why are the powers that be attributing this to a cost-of-living crisis when everyone with two brain cells to rub together can see it’s a cost of lockdown crisis – the inevitable consequence of shutting down the whole country – indeed the whole world – for the best part of two years. Soaring inflation, rising interest rates, disrupted supply chains.

Might they be calling it a cost-of-living crisis as part of their bare-faced attempt to distract us from the fact that while ordinary individuals face a life and death struggle in the coming months, the corporations have celebrated their share of the greatest transfer of wealth in history? Doesn’t that seem more likely? However unthinkable, might it not be more compelling to ask why our government, and governments around the world, have effectively stood by and held the coats of huge corporations while those money magnets pulled almost all of the world’s wealth into their already creaking coffers?

Are our governments more interested in enabling, in aiding and abetting the rich, than in lifting so much as a finger to protect our livelihoods, our ways of life? I’m only asking. What about the money in our pockets? Why is it getting harder and harder to use good old cash, notes and coins? Why are we being nudged further and further away from spending-power we can see and hold, and towards a digital alternative that exists only on the hard drives of the banks that run the world? Why is that do you think?

Rather than dismiss as yet another conspiracy theory the idea of cash being ultimately replaced with transactions based on the exchange of what amount to glorified food stamps that will only be accepted if our social credit score demonstrates that we’ve been obedient girls or boys … how about taking the leap and focussing on the blatantly obvious … that if we are not free to buy whatever and whenever we please, free of the surveillance and snooping of governments and the banks that run them, then we have absolutely no freedom at all.

And while we’re on the subject of money and banks, why not pause to notice something else that is glaringly obvious – which is to say that the currencies of the West are teetering on the abyss, and that one bank after another is revealed, to those who are bothering to watch, as being as close to bankruptcy as its possible to be without actually falling over the edge.

Then there’s the so-called vaccines for Covid – I deliberately say “so-called” because by now it should be clear to all but the wilfully blind that those injections do not work as advertised. You can still contract the virus, still transmit the virus, still get sick and still die. Denmark has dropped their use on under-18s. All across the world, every day, more evidence emerges – however grudgingly, however much the various complicit authorities and Big-Pharma companies might hate to admit it – of countless deaths and injuries caused by those medical procedures.

And yet here in Britain and just about everywhere else, governments continue to try and get those needles into as many arms as possible, even the arms of the smallest and youngest. The ripe stink of corruption is everywhere. I trusted authority for most of my life.

Now I ask myself on a daily basis how I ignored the stench for so long. Across the Atlantic, the Biden Whitehouse sent the FBI to raid the home of former president Donald Trump. Meanwhile Joe Biden and his son Hunter – he of the laptop full of the most appalling and incriminating content – fly together on Airforce 1. No raids planned on the Obamas, nor on the Clintons. Speaker of the House Nancy Pelosi flew to Taiwan and onwards to China. Her son Paul, an investor in a Chinese tech firm and with seats on the board of companies dealing in lithium, was along for the ride, into that part of the world where three quarters of the world’s lithium batteries are made. Taiwan leads in that technology.

It is hard to think the unthinkable. It’s hard to think that all of it, all the misery, all the suffering of the past and to come might just be about money, greed and power. It is hard to tell yourself you’ve been taken for a fool and taken for a ride. It’s hard, but the view from the other side is worth the effort and the pain. Open your eyes and see. (link)

Is There Another FBI Spy In The Trump Orbit? (Ep. 1828) – The Dan Bongino Show


The Dan Bongino Show Published originally on Rumble on August 11, 2022 

Is there another spy in Trumps friends and associates? Or could this be a Trump set up?

IRS Seeking Agents Willing to “Use Deadly Force”


Armstrong Economics Blog/Corruption Re-Posted Aug 12, 2022 by Martin Armstrong

The enhanced police state is turning tax accountants into the Gestapo. The IRS was forced to remove its job description after creating a buzz across the internet.

“As a Special Agent you will combine your accounting skills with law enforcement skills to investigate financial crimes,” the job advertisement stated. “No matter what the source, all income earned, both legal and illegal, has the potential of becoming involved in crimes which fall within the investigative jurisdiction of the IRS Criminal Investigation. Because of the expertise required to conduct these complex financial investigations, IRS Special Agents are considered the premier financial investigators for the Federal government.”

“Financial investigators for the Federal government” aka their muscle to collect as much money in taxes as they can. The description states that it does not matter whether the income was earned legally because it could still be used in crimes. Everyone is to be treated as a criminal until proven innocent now.

Above is a list of the major duties that agents will be responsible for completing. Why on Earth would an IRS agent face a “life-threatening” situation on the job? Worse yet, they are expecting agents to carry guns, and they must be willing to KILL “if necessary.” The United States is turning into a complete police state under the current administration. We were seen as vermin due to the virus, and they see us now as criminals for simply earning money and existing.

Monkeypox is Not the Next Pandemic


Armstrong Economics Blog/Disease Re-Posted Aug 12, 2022 by Martin Armstrong

The Biden Administration declared a public health emergency over monkeypox. This is not an airborne virus, and it is fairly difficult to catch as skin-to-skin contact is the primary method of transmission. The woke media does not want this fact released, but the Centers for Disease Control and Prevention (CDC) has found that 99% of all cases were found in men, and 94% have had male sexual encounters.

Additionally, nearly 20% of gay men who fell ill admitted to having 10 or more partners in the three weeks before symptoms began. About 40% of those who fell ill reported having two to four partners, while 14% reported having five to nine partners. Around 38% admitted to participating in group sex.

This is more of a sexually transmitted disease and should be presented to the public as such. CDC guidance:

“Public health efforts should prioritize gay, bisexual, and other men who have sex with men, who are currently disproportionately affected, for prevention and testing, address equity, and minimize stigma, while maintaining vigilance for transmission in other populations.”

There is no need to stigmatize people for their sexual preferences or repeat problematic misinformation that spread during the 80s during the AIDS epidemic. However, there is no need to scare the general public into thinking that monkeypox is easily transmissible. If they care about health (they don’t), then they should be honest about the virus and educate the demographic mainly at risk.

Sleepwalking into Our Own Demise


Armstrong Economics Blog/Understanding Cycles Re-Posted Aug 12, 2022 by Martin Armstrong

COMMENT: I was there on the staff of _____________ when you were on Capitol Hill. It was Dick Army who told you he could not support Bill Archer’s retail sales tax because when the Democrats gained power we would have a retail sales tax and an income tax. I found your piece on Europe sleepwalking into its own demise. I’m sure you remember me, but it was Dick Army who said you knew about cycles and the tax reform would fail. You have been saying longer than I can remember that the euro would fail and that the WEF’s dreams were unrealistic. Now with the raid on Trump, it seems that the conspiracy theories that the DOJ, FBI, CIA, and NSA all conspired to make sure he would lose in 2020 are perhaps once again surfacing. When do the cycles point to this madness erupting?

Been reading you for years.

Thank you so much for your views.

SH

REPLY: Nothing is ever permanent. There is a cycle to everything. These people who think that they can remove Xi in China and Putin in Russia and the people will rejoice and celebrate American troops marching down the streets of Moscow and Bejing in some ticker-tape parade are not just unrealistic, they are the instrument of our destruction. This was the same theory behind removing the dictators in the Middle East. They just talk to each other and convince themselves that their ideas are correct and then act on them. I warned back then that it was a different culture and deeply divided in religion. They wanted to believe they were right and refused to listen to any opposing view. This is the very same thing. Anyone familiar with history knows that there will be no smooth transition and you cannot control the advancement of technology. Only CURIOSITY and FREEDOM provide that key element and Klaus Schwab is a control freak and he thinks he can direct his 4th Industrial Revolution. He will destroy the world economy just as the central planning did in Russia.

We have entered a very dangerous era. There is no better example from history than that of the fate of Julius Caesar. I explore you to read Anatomy of a Debt Crisis. This is the key to the background of even why Caesar crossed the Rubicon and why they assassinated him. He too was draining the swamp. This is also why they are attacking Trump everywhere they can. You have democratic AGs in states trying to put him in prison. This is all about desperately trying to prevent his return. What they do not understand, was the fact that I had been asked to try to talk Trump out of running in 2024 and if I would advise DeSantis. I declined. But the point was that the Republicans did not want Trump to run for they thought he was too controversial. This raid on his house has now caused a rally to his side. Now the people KNOW he is not one of them in Washington. Even many Republicans have been silent about this raid.

It is true that Julius Caesar crossed the Rubicon on January 10, 49 BC (49.02) to purge the corruption in the Republic, but corruption resurfaced. Because he forgave his enemies, they conspired and assassinated him on the Ides of March 44 BC (44.20), just 4.82 years later (250.6 weeks, 62 months). That resulted in another civil war. Even Brutus issued coins announcing roundly that he killed caesar on the Eid Mar (Ides of March 15th). This shows his delusion that he really thought the people would cheer him, but he was wrong. He and the other assassins fled Rome for the people did not support the Senate which was too corrupt as we now have in Washington.

Following the defeat of Mark Antony and Cleopatra at the Battle of Actium in 31 BC, because Cleopatra was trying to use sex to conquer Rome, the people even turned against Mark Antony. Octavian became emperor officially with the title Augustus on January 16, 27 BC (27.04) after the defeat of Egypt. The coins issued by Octovian proclaimed Egypt was Captured – not that they defeated Mark Antony since he was a Roman.

The Julian Claudian dynasty ended with the death of Nero on June 9, 68 AD (68.43), lasting 95.47 years in its entirety. Thus, there is never a permanent new era. There are cycles to everything, and forming the EU was also not something that would endure for 1,000 years and more than the Julio-Claudian Dynasty of Rome. This is also true of the United States. We have run the course for a Republic and we will face tremendous upheavals in the years ahead into 2032. There is even a risk that there may not be a 2024 presidential election. That would mean a collapse of the Constitutional government. Yet there are also people suggesting that Pelosi flew to Taiwan because Biden will step down and Harris would step aside meaning that Pelosi would become president until the end of the term in 2024.

There are many fools who really think this New World Order will magically unfold and the dreams of Schwab will be realized at last. There is absolutely NO evidence one may find from history that would EVER suggest that there will be an orderly transition to some new economic system. It has NEVER happened even once in 6,000 years of history. The sanctions imposed on Russia that justified confiscating private assets have not just violated international law, it has divided the world economy and put an end to globalization. By any way we slice this, the foundation of Western ethics and economy has come to an end. We must begin to prepare for a new form of government post-2032. We are indeed sleepwalking into our own destruction of everything that was built post-WWII.

Watch for Falling Anvils, The Washington Post Claims FBI Raid Was Looking for Super-Secret Nuclear Intel in Mar-a-Lago


Posted originally on the conservative tree house on August 11, 2022 | Sundance

They should have gone with the aliens angle.  I said earlier today after watching the frozen-faced, nervous teleprompter reading from AG Merrick Garland, that Main Justice and the FBI had completely embarrassed themselves and likely came up empty in their raid on Mar-a-Lago.

The reason is simple, when you put a tribe of rabid leftists together in a room long enough, they will collectively concoct the goofiest plans in an effort to advance their quests.  The DOJ and FBI lawfare tribe are no different.  The Washington Post is now claiming the FBI raid on Mar-a-Lago was connected to some “nuclear information” in Donald Trump’s possession.

As the theory is presented, Donald Trump and Kim Jong-un were speaking in coded language about rockets and missiles.  President Trump called Chairman Kim “little rocket man”, and said the USA had bigger missiles.

Contemplate that type of insufferably innocuous nonsense long enough and in desperation it evolves into a plan to claim a national security threat might exist.  Quick, grab Boris and Natasha and raid the estate…. but watch for dropping Acme anvils.

WASHINGTON – Classified documents relating to nuclear weapons were among the items FBI agents sought in a search of former president Donald Trump’s Florida residence on Monday, according to people familiar with the investigation.

Experts in classified information said the unusual search underscores deep concern among government officials about the types of information they thought could be located at Trump’s Mar-a-Lago Club and potentially in danger of falling into the wrong hands.

The people who described some of the material that agents were seeking spoke on the condition of anonymity to discuss an ongoing investigation. They did not offer additional details about what type of information the agents were seeking, including whether it involved weapons belonging to the United States or some other nation.

[…] Material about nuclear weapons is especially sensitive and usually restricted to a small number of government officials, experts said. Publicizing details about U.S. weapons could provide an intelligence road map to adversaries seeking to build ways of countering those systems. And other countries might view exposing their nuclear secrets as a threat, experts said. (read more)

Yeah, yeah, that’s the ticket. Comrade Donald and Comrade Melania were building an atomic missile in the Mar-a-Lago basement in order to advance their insurrection efforts.

Good grief.  Can these Deep State stenographers even hear themselves as they type?

I am more convinced than ever they DOJ/FBI were on a fishing expedition, looking for something, anything, that could compromise Donald Trump legally.  They came up empty, and now the entire world is looking at the way the FBI acted.  The DOJ is stuck grasping for any justification -regardless of how silly it is- in order to extricate themselves from the mess they created.

It has to be something super serious in order to justify the extreme nature of the raid itself.   Probable cause likely came down to aliens or nuclear missile technology…  they chose the latter.

‘Quick Melania, before we go to New Jersey, put the nuclear missile plans in your sock drawer.’

[…] “If that is true, it would suggest that material residing unlawfully at Mar-a-Lago may have been classified at the highest classification level,” said David Laufman, the former chief of the Justice Department’s counterintelligence section, which investigates leaks of classified information. “If the FBI and the Department of Justice believed there were top secret materials still at Mar-a-Lago, that would lend itself to greater ‘hair-on-fire’ motivation to recover that material as quickly as possible.”

(WaPo Link)