Why is CASH King in Times of War?


Armstrong Economics Blog/USD $ Re-Posted May 3, 2022 by Martin Armstrong

COMMENT: Dear Martin,

So refreshing to see some theory regarding silver other than crazy goldbugs claiming JP Morgan artificially putting down t silver prices for XX years. Still what I find interesting is the weakness of the US stock market. Bonds getting dumped, Precious Metals getting dumped, EM’s getting dumped so everyone is just holding USD as cash? Take care.

Best,
Sant

ANSWER: In times of war, UNCERTAINTY is always dominant. It is interesting that the Romans’ Temple of Janus had two doors, and in times of war they were left open, symbolizing that the future was uncertain. Hence, the winds of war could pass freely through the temple, warning they could also lose. During times of peace, the doors were closed, symbolizing security. This is why CASH becomes king in times of war. Even the ancient coin hoards are typically stashed during times of war.

While some think that the Cuban Missile Crisis was when Kennedy took the nuclear deterrent to direct confrontation with Russia rather than attacking Cuba, I suggest that they look at the film the “Courier.” Kennedy did not reject the advice of his advisors to bomb Cuba, there was information flowing from a Russian dissenter who was concerned about nuclear war and the ideology of Khrushchev that communism would conquer the world. This is a totally different time. Putin is not a Communist, and he has no desire to conquer the world with an economic theory. Kennedy was following the advice of his advisers, who were NOT advocating to bomb Cuba. They knew they were fighting against an economic theory to conquer the world, which ironically is the objective of the World Economic Forum and Klaus Schwab.

Freezing assets as Biden has done to all Russians is unproductive. Nobody seems to have ever asked, “Have sanctions ever worked?” On July 24, 1941, Tokyo decided to strengthen its position in terms of its invasion of China by moving through Southeast Asia. On July 26, 1941, President Franklin Roosevelt seized all Japanese assets in the United States in retaliation for the Japanese occupation of French Indo-China. That was followed by Pearl Harbor less than five months later. It seems that our leaders are deliberately pushing the world into war. They need to justify the collapse in their fiscal mismanagement of the global economic system.

The dollar rose during World War I and during the Great Depression when most of Europe defaulted on its debt in 1931. The dollar spiked higher in 1940, but then the US government imposed controls during World War II. They even instructed the Fed to buy US debt at par which they finally rejected in 1951. Note that once the controls were lifted, the dollar soared again post-war.

The dollar on a CASH basis has been the safe haven during war, mainly when the rest of the world is collapsing. This war will NOT be a rerun of the last two. Moving to digital currencies will be the kiss of death and render the financial system completely vulnerable to cyber attacks. The last time, there was counterfeiting of an opponent’s currency to undermine its ability to fund its defense. Even the British were counterfeiting the Continental Currency during the American Revolution.

Boris Johnson’s Stupidity – Who is the Only Statesman Standing?


Armstrong Economics Blog/Russia Re-Posted May 2, 2022 by Martin Armstrong

Russia TV called out Borris Johnson for threatening to launch nuclear weapons against Russia. As they aptly warned that Borris has simply lost his mind that the UK is a very small island and one long-range nuclear weapon will wipe out the UK from the face of the planet. They also point out that they can simply detonate one offshore that would create a tsunami that would also wipe out the UK.

As one reader pointed out, strategic nukes and tactical nukes are different in classical terms of “strategy” and “tactics”. The long-range strategic nukes are long-range (ICBMs, SLBMs, BTW launched, etc.) and generally used for a large-scale assault, whereas tactical nukes are short-range (smaller artillery-launched) and less powerful (relatively speaking, of course). Russia could use a tactical nuke and wipe out Kyiv without destroying the entire country. That would at least shut up Zelensky and he will never get to spend the $850 million he has already allegedly stolen post-war with the blood of his own people to keep the money flowing which he is stuffing offshore in the traditional fashion of Ukrainian politicians. In the US, they go in broke and leave as millionaires. In Ukraine, they strive to leave as billionaires.

Russia is correct that just one nuke would wipe out Britain and Scotland. Just what the hell is going on here with these braindead leaders in the West is unimaginable. I spoke with a Congressman this morning and the sad state of affairs was that I was told that there is little expertise on Capitol Hill for the cold war generation seems to have retired. That is not helped when we have a senile President who seems to be rambling and will simply sign whatever they stick in front of him and needs the Easter Bunny to direct him and turns to shake hands with people who are not there.

Nobody wants to discuss the fact that Kyiv sent its army to begin the Civil War against Donbas on April 15th, 2014. It was called the “Anti-terrorist operation.” I have stated that I have personally known people on both sides from Kyiv and Donestk. I have listened to the sheer hatred of Russians that stems from the days of Stalin who killed 7 million Ukrainians by starvation (see the film Mr. Jones). It is understandable that Ukrainians would hate Russians and that includes those in the Donbas. Likewise, the ethnic Russians in the Donbas feel oppressed and hated based entirely on their ethnicity. Bute the Western Neocons just hate Russians so their story of Donbas is never told in the Western press.

As I have pointed out, the Russian scholars have been debating this issue for decades trying to answer the questions (1) who is Russian and (2) what is the territory of Russia. Stalin was not Russia – he was Georgian. Lenin wanted to maintain the USSR and the Russian Empire which each state retaining its sovereignty. Stalin disagreed and demanded USSR be one country and terminated Lenin’s idea of a quasi-United States of Russia.

Putin has cancer and he is undergoing surgery. His number 2 is Nikolai Patrushev who is much more hard-right than Putin. I am deeply concerned that Putin may not make it to 2024 and if that is the case, these insults the West keeps hurling at Russia have not only severed all relations, and the direct phone line set up after the Cuban Missile Crisis t was to ensure that the leaders could always communicate to avoid war. Biden has virtually thrown the phone out the window.

Despite all the propaganda that demonizes Putin, those behind him are FAR WORSE for they are no different than the Neocons in America who just cannot sleep at night as long as Americans are still breathing. Our war cycle post-2024 appears to be the worse period. I fear that Putin will no longer be in charge and then we will see the real rage of Russia and how it has been treated by Biden and Europe. Russia will celebrate defeating the German Nazis on May 9th.

As Glen Greenwald pointed out on Twitter, “Noam Chomsky, in an interview this week, says “fortunately” there is “one Western statesman of stature” who is pushing for a diplomatic solution to the war in Ukraine rather than looking for ways to fuel and prolong it. “His name is Donald J. Trump,” Chomsky says. ” Indeed, in my discussions, ironically there seems to be ONLY one statement still standing and that is Donald Trump. All we have a war-mongers cheering on World War III. Not a single world leader is interested whatsoever in world peace. They have all deliberately lied about what the Ukrainians have been doing against the ethnic Russians for they have killed over 6,000 civilians in this relentless war. Nobody can now stand up and even acknowledge that Putin was not lying or that he was even the slightest bit correct. Nobody will talk about Zelensky and how he has now polarized the Middle East as well as fueled the old hatred against the Jews. If you have not noticed, the countries surrounding Israel are aligning with Russia, not the USA and the EU.

Politico Obtains Draft of Supreme Court Majority Opinion, Indicating Potential Reversal of Federal Abortion Law


Posted originally on the conservative tree house on May 2, 2022 | Sundance

Consider this sketchy right now.  Politico is reporting they have “obtained” a draft copy of the Supreme Court majority opinion which would reverse Roe -v- Wade federal abortion law and return the decisions on abortion law to the individual states.  {Uploaded Draft pdf Here}

While it is 98-pages, it is only a draft opinion.  The decision of the individual judges could change at any time based on their view of the severity of the outcome, wording and other inputs that would be provided. A draft opinion from internal deliberations has never, ever, been leaked before from inside the supreme court; and that alone should send warning flags to everyone.

Personally, I doubt any draft from February would be pertinent today.  This entire scenario just sounds massively sketchy.

POLITICO received a copy of the draft opinion from a person familiar with the court’s proceedings in the Mississippi case along with other details supporting the authenticity of the document. The draft opinion runs 98 pages, including a 31-page appendix of historical state abortion laws. The document is replete with citations to previous court decisions, books and other authorities, and includes 118 footnotes. The appearances and timing of this draft are consistent with court practice.”

According to the draft, written by Justice Alito after the February oral arguments in the Dobbs -vs- Jackson’s Women’s Health case, five justices are aligned to overturn the 1973 ruling (Alito, Clarence Thomas, Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett); three justices are in dissent (Stephen Breyer, Sonia Sotomayor and Elena Kagan); and Chief Justice John Robert’s position is undetermined.

[…] The document, labeled as a first draft of the majority opinion, includes a notation that it was circulated among the justices on Feb. 10. If the Alito draft is adopted, it would rule in favor of Mississippi in the closely watched case over that state’s attempt to ban most abortions after 15 weeks of pregnancy.

A Supreme Court spokesperson declined to comment or make another representative of the court available to answer questions about the draft document. (read article)

Again, this leak is very sketchy.

Abortion on demand is the holy grail of social policy for the most extreme radical and violent leftists.  If this is a real leak from a staffer inside the Supreme Court, the explosive intent would be to railroad the final decision before it becomes public, and/or create some form of government intervention in congress.

{The Link to the pdf HERE}

Election 2022, Catherine Englebrecht Outlines Devastating Evidence of Corruption by Georgia Governor Brian Kemp


Posted originally on the conservative tree house on April 30, 2022 | Sundance 

Catherine Englebrecht appeared on The War Room with Steve Bannon {Direct Rumble Link} to outline the evidence of election fraud that took place in 2020 through the use of ballot harvesting and ballot mules.   The receipts Englebrecht and True The Vote have gathered are the primary evidence in an explosive documentary that is going to be released shortly called “2000 Mules.”

The 2020 vote in key county precincts was manipulated by illegal and fraudulent ballot harvesting.  Wayne county, Michigan; Philadelphia county, Pennsylvania; Maricopa county, Arizona; Clark county, Nevada; Dane county, Wisconsin; and Fulton county, Georgia.  True the Vote has the documentary evidence, and video from the drop boxes, outlining how the ballot harvesting took place.  However, corrupt local and state officials have refused to investigate the evidence because the political scandal is extreme in consequence.

Importantly, during the interview with Steve Bannon, Catherine Englebrecht notes the systemic corruption by Georgia Republican Governor Brian Kemp, and his entire administration, as one concrete example of the willful fraud that cuts across party lines.  WATCH:

Incumbent Governor Brian Kemp is seeking reelection for the governors office. The primary is May 24, 2022.  He is being challenged by David Perdue, who has been endorsed by President Trump.  Unfortunately, Georgia utilizes an open primary system, in which registered voters do not have to be members of a party to vote in that party’s primary.  It is highly likely, to a predictable certainty, that Democrats in Georgia will be activated to vote for Brian Kemp in May, setting up a general election contest in November between Kemp and Democrat Stacy Abrams who is running unopposed.

I hope you will invest 20 minutes of your time watching the discussion to get a more fulsome perspective on the scale of political corruption that Ms. Englebrecht and her group have been fighting for more than a year.  The discussion about the GOPe corruption in Georgia is sickening.

Many people have pushed a narrative that essentially says we must move on from the 2020 fraud.  However, there is no moving beyond the illegal activity that surrounds a completely fraudulent election.  The issues from 2020 must be brought to the full sunlight of the American people in order to provide accurate context for all the current Biden administration activity, that, at it’s core, is intended to protect the U.S. government from what took place.

All the unconstitutional activity the U.S. government is doing now, from issues around censorship, to the J6 committee objective and the control of information, to the border crisis and events in Ukraine, are essentially downstream consequences from a stolen 2020 election.

EXAMPLE: Motor-voter registration (including the issuance of drivers’ licenses to illegal aliens) is used to manipulate the voter roles…. that fraudulent registration creates ballots….. those ballots are then used by political activists to generate votes….  those votes are not from the illegal voter, they are from political groups who then drop them in ballot boxes or voting precincts.   In many cases illegal aliens are not physically doing the illegal voting, the ballot is cast by political activists using the identity of the alien registration.   Everything starts with corrupted voter roles.

Beyond a Slush Fund, Biden $33 Billion Ukraine Package Includes $8.8 Billion to Establish State Dept Global Disinformation Bureau, and International Civil Asset Forfeiture


Posted originally on the conservative tree house on May 2, 2022 | Sundance

This is why Nancy Pelosi and Adam Schiff were in Kyiv yesterday…

The details of the Joe Biden $33 billion supplemental budget allocation have been released.  I would strongly urge everyone to read the proposal which now heads to congress for passage {SEE pdf here}.

The spending request outlines a massive amount of money for various ideological foreign policy initiatives under the guise of Ukraine relief (it isn’t).  The proposal outlines a kickback and bribery scheme.

Some of the spending includes an allocation of funds to the State Dept including funds to USAID to “provide $8.8 billion to the Department of State for economic support and assistance to the people of Ukraine and other affected countries, including direct budgetary support, as well as support for food security, democracy, anticorruption, cybersecurity, counter-disinformation, human rights, atrocity documentation, energy, and emergency infrastructure needs.” {pdf page 41}  The request specifically authorizes the transfer of these funds globally, outside of Ukraine.

{READ SOURCE DOCUMENT}

Apparently, the State Dept is going to set up an international version of DHS “disinformation governance board.”  But wait, it gets worse…

U.S. taxpayers are also going to subsidize farming in Europe and fund the climate change initiatives by paying for the development of alternate energy sources. “This would include [$500 million] support for small- and medium- sized agrobusinesses during the fall harvest and for natural gas purchases by the Ukrainian state energy company.” {page 44}

Mechanisms to legalize defense contractor kick-backs: “This request would authorize Ukraine to utilize Foreign Military Financing Program funds appropriated in this Act and prior Acts to the Department of State to contract directly with U.S. companies to procure defense related materials which would facilitate the delivery of military assistance and security sector support.” {page 48}

Mechanisms to spread the money all over government institutions without prior approval: …”This request would provide the authority to reprogram funds appropriated in this Act and prior Acts making appropriations for the Department of State, foreign operations, and related programs for assistance to Ukraine without regard to any minimum amounts specifically designated in such Acts. This authority would provide the needed flexibility to match resources with evolving needs and decrease reliance on new appropriations.” {Page 50}

The last segment is a massive change in the U.S. government power to seize Russian private property and assets, sell them to whoever Biden chooses, and then give the proceeds of the sales to U.S. politicians, friends, family members, or perhaps Ukraine President Volodymyr Zelenskyy.

It is an international version of current DOJ civil asset forfeiture.  The United States government (DOJ, Dept of Treasury and Dept of State) takes ownership of any targeted Russian asset, sells the asset (to whoever they choose, including personal family members) then take the proceeds and distributes them to whoever they choose in the U.S. or Ukraine government.

Example:  Confiscate a $200 million oligarch yacht, sell it to Hunter Biden (or Black Rock / Vanguard) for $50,000, give the $50k to Zelenskyy and then have Black Rock / Vanguard deposit $10 million in James Biden or DNC bank account.  {Page 52}

No, I’m not joking.  Sit down and read how they are legalizing this process.

Governor Ron DeSantis Responds to Fake News Reports that He Attended the White House Correspondents Dinner


Posted originally on the conservative tree house on May 2, 2022 | Sundance

Presenters at the indulgent echo-chamber festival known as the White House Correspondents Dinner made the claim that Florida Governor Ron DeSantis was in attendance, he wasn’t.   However, the false claims only served to solidify why most Americans do not trust the media.

Governor DeSantis was asked about the fake news claims of his attendance {Direct Rumble Link} and his response is below. WATCH:

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It’s now likely the Dept of Homeland Security, Disinformation Bureau, could soon release a statement that Governor DeSantis may have been at the event, there just isn’t enough evidence to support either claim.

Election 2022, Ohio Republicans Execute Perfect Splitter Strategy to Protect RINO Incumbent Mike DeWine


Posted originally on the conservative tree house on May 2, 2022 Sundance

Most of the base GOP voters now realize this 2022 primary season is as important to the 2022 outcome as the November election.  However, as we have noted in the two-club system, the republican club leadership are using their familiar playbook.  Here’s the situation with the Ohio governor’s race.

Ohio Governor Mike DeWine (pictured left) shut down businesses his state during COVID and was generally one of the worst “republican” governors in the country during the covid-19 fiasco.  DeWine is a typical party/club insider, a left-leaning, ultra-sensitive, spineless worm who operates, like many politicians, as a republican in name only.

Ohio conservatives want to get rid of DeWine, but the club rules are designed to protect him.  The GOPe has a perfectly executed splitter strategy in place in Ohio to protect DeWine, as you can see from the latest Republican polling:

DeWine has less than 50% support amid the republican voters in Ohio.  However, challengers Jim Renacci and Joe Blystone are splitting the anti-DeWine vote, creating a scenario where DeWine is likely to win the primary with less than majority republican support.  [Note; there is no runoff in Ohio, whoever gets the most votes wins the primary.]

These types of party rules are designed to protect the club’s selection.

The Ohio GOPe are always going to be in control of the outcome by organizing and maintaining the republican primary rules.  It’s very likely when the final count takes place tomorrow, the combined Renacci/Blystone vote will exceed the votes of DeWine.  However, DeWine will advance to the November election because the non-DeWine vote was split.  That’s the splitter strategy in action.

Unfortunately, we can expect this exact same design to play out in other primary races this spring/summer.  Both clubs use it to control the outcome of their primary elections.   If there is a direct head-to-head primary challenge, the club will often recruit another candidate to play the role of the vote splitter.

This ‘splitter approach’ is also the central control mechanism for national club organizations like the DNC and RNC.  We see it play out everywhere in primary contests in order to control the outcome for the general election.

In the 2020 Democrat primary, Elizabeth Warren was told to stay in the race after Super Tuesday in order to keep splitting the primary votes which protected Joe Biden (club selection) from Bernie Sanders (popular base support).   If Warren had dropped out with the other primary candidates Bernie Sanders would have benefitted; so the club told her to stay in until Bernie was fully defeated by Biden.

Both clubs use this vote splitting scheme to retain control.

The other approach is for the clubs to keep the primary ‘open’ to voters of either party.  Then they coordinate voter support to enhance their preferred loser.  That’s what is going to happen in Georgia where Democrats will vote in the republican primary to make Brian Kemp the GOP nominee for November.  Stacy Abrams is positioned to win the November general election, but putting the weakest and most disfavored republican as her opposition.

Remember, political parties are private clubs.  There are no election laws regulating how they make their own rules.  The result is internal club rules that control election outcomes.

The participants inside the club are directly connected to the business interests that give the directions.

DHS Secretary Admits Scale of Illegal Alien Crisis, 1.5 million Unlawful Border Entrants Since January 21st


Posted originally on the conservative tree house on May 2, 2022 | Sundance 

May 2, 2022 | Sundance | 202 Comments

The scale of the illegal alien influx into the United States is starting to get more attention.  One of the reasons for the increased spotlight is the scale of the numbers DHS is forced to admit.

In this brief video segment {Direct Rumble Link} DHS Secretary Alejandro Mayorkas admits since January 21st: 836,000 released illegal aliens, plus 207,000 unaccompanied children (UAC’s), plus 200k to 400,000 that got away and avoided detention.  Add that up and we have 1.3 to 1.6 million illegal aliens through the southern border in the last three months.  WATCH:

That 1.3 to 1.6 million DHS admitted estimate is since January 21st.  The general scale is around 500,000/month.   That scale aligns with the DHS projections of 18,000 per day moving forward after Title 42 is dropped.  18,000/day equals 500,000/month.

There’s no reason to believe the numbers were less in the month of January, so we can add another 500k to the currently admitted number of 1.3 to 1.6 million.  Putting the current year illegal alien releases around 2 million through the end of April, with a projected 4 million more to come this year.

That’s a total of 6 million illegal aliens in just 2022.   The current illegal alien population, already inside the United States, is well north of 40 million, likely closer to 50 million.

Moderna Poised to Commit Infanticide


Armstrong Economics Blog/Vaccine Re-Posted May 2, 2022 by Martin Armstrong

Moderna is officially coming for toddlers and infants under five. The company submitted a formal request with the Food and Drug Administration (FDA), claiming the vaccine is 51% effective among toddlers under two and 37% effective in the two to five-year-old range. Instead of the standard two-100 microgram doses, the youngest among the population will receive two 25-microgram doses.

“I think it is likely that over time they will need additional doses. But we’re working on that,” Moderna’s Chief Medical Officer Dr. Paul Burton stated.

They will continue to force vaccines on everyone in the population. There is no telling the long-term effects of injecting a gene-altering medication into a baby, but Big Pharma is willing to risk lives for profits and government is will risk lives to retain control over a scared and uninformed population. Only 475 children under five have died from COVID, according to the Associated Press. There is absolutely no need for a vaccination for this demographic.

There are reports of babies dying through breast milk contaminated with the vaccination. Countless top doctors have warned against vaccinating children in general. Even the World Health Organization has even admitted that healthy adolescents do not need boosters, despite Pfizer filing a claim to have theirs approved for the five to twelve-year-old kids. Not to be outdone, Pfizer said it will have a vaccine for babies by the summer.

Since parents are reluctant to destroy their child’s development, the powers that be will continue to force mandates. They will push for universal passports to document everyone, including the youngest, most vulnerable members of society. They want us to inject ourselves repeatedly from birth until death for a virus that even Fauci no longer calls a pandemic.

Biden Adds the Fifth Horseman for the Apocalypse


Armstrong Economics Blog/Humor Re-Posted May 2, 2022 by Martin Armstrong