Right v Wrong


Armstrong Economics Blog/Socrates Re-Posted Dec 2, 2022 by Martin Armstrong

QUESTION: Marty, I have been following you now for a few years. You seem to be never wrong. You always say it is not your opinion. Is there some secret to how you do this? Nobody else seems to even compare. Or is it all just the computer?

FK

ANSWER: We all are human and as such we make mistakes. I understand that the big picture with war and events seems to be never wrong. That is Socrates – not me. I have been wrong in regard to my interpretation at times, but the cycles are always correct like the ECM.

I was one of the first International Hedge Fund Managers. I had even warned Congress back in 1985 that they should merge the CFTC and SEC because complying with one meant you went to prison with the other. They forced funds management offshore. We are all connected. You cannot have gold rise to $10,000 and the dollar turns to dust and nothing else happens. The world economy is like a set of dominoes. If you get the first one right, all the rest will follow.

These people who try to forecast one market can NEVER be correct for the wildcard always comes externally. Right now, the Ukraine war is impacting the global economy and markets. You could not asses the impact by simply watching the Fed. If it were not for (1) the stupid lockdowns of COVID disrupting the supply chain, then (2) this proxy war against Russia and imposing the absurd sanctions on them when they are a key supplier around the world in many areas, then inflation would not have risen and the Fed would not be raising interest rates. Those in power simply only look in front of their nose. Every action has a ripple effect that impacts long-term events. We cannot escape that. I have designed Socrates to survive me. It is not my opinion and when I do express my opinion I state the difference. Even my interpretation of an array can be wrong, not the array.

Everything is connected. We cannot escape that. Without Socrates monitoring everything around the world and writing its own reports on over 1,000 instruments globally, there is nobody who can possibly compete with a personal opinion. The world is far too complex for an individual to see everything from a personal gut feeling.

Because I had focused on currencies from the collapse of Bretton Woods and was called into the first bank failure in 1973 because of a 7% move in currencies,  my company attracted clients from around the world. I had to see the world through everyone’s eyes – not just the dollar. In July 1985, I took the back cover of the Economist for 3 weeks announcing the end of deflation/peak in the dollar, and the reemergence of inflation, which led to the Japanese Bubble in 1989. Interest Rates peaked the very day at 1981.35. The end of that wave was 1985.65 the month of July. It was the beginning of a Private Wave which will end 2037.25.

We published charts back in Barron’s during the early 1980s showing gold in dollars compared to a basket of currencies. We ended up with the largest institutions in the world because our reports went out on telex and the communication costs per market were $225 per day. Only the biggest institutions could afford our services. Then came fax, and then email which has expanded our reach to everyone these days. But make no mistake about this. People may criticize me and others are desperate to try to prevent people from using us. It is either because they cannot compete and pretend this is my opinion rather than a computer, or they want to manipulate the markets and we just get in their way.

The West Simply Wants War With Russia


Armstrong Economics Blog/War Re-Posted Dec 1, 2022 by Martin Armstrong

Spread the love

If you dare suggest peace, you suddenly are painted as a Putin Supporter. The West simply wants war and this is really about Climate Change. Even the propaganda pretending this is all Putin and if somehow he was removed, the world would be better is utter nonsense. We may see the reality of that come April/May 2023. The West is perfectly fine with sacrificing the Ukrainian people for their agenda. They are just collateral damage that they are willing to sacrifice until the last Ukrainian dies.

There are people who know Russia as I do. The press will not air their views or question the narrative they have been instructed to push because it goes against their desired agenda. Former Commander of US Army General Ben Hodges admitted that Putin’s successor will be “much worse.” Hodges said. “We see the North Caucasus and (Chechen leader Ramzan) Kadyrov, who is anticipating Russia’s possible collapse and is trying to protect himself somehow. I absolutely don’t call for regime change in Russia – this is the choice for the Russian people to make, but we must understand that whoever comes after Putin will be much worse.”

What the Western news is presenting is worse than propaganda – it is a deliberate lie. The West is really waging war for Climate Change. This is why not a single Western leader is calling for any peace or negotiation. My mentor in geopolitical analysis has been Henry Kissinger. Henry has publicly stated that EVERY president has always invited him to the White House but not Biden.

On the other side of the world, the US has been supplying military equipment to Taiwan since 1979 under the Taiwan Relations Act. Before Biden, the US has agreed to acknowledge the One China policy that states Taiwan is under Chinese rule. “A direct confrontation should be avoided and Taiwan cannot be the core of the negotiations because it is between China and the United States,” Kissinger stated, going as far as to say neutrality is crucial to “overall peace.”

In pledging to defend Taiwan from any Chinese attack, the president has made war with China much more likely. He has openly reverse policy with China since the days of Nixon. The Climate Change people in his administration driven by the insane Progressive Green Movement, has done everything possible to create World War III with no regard for humanity because the planet takes top priority. I suppose a bunch of nukes flying around is good for the planet if it removes more of we – the new plague of vermin.

“IT’S ALL GONE!” – This corruption is worse than we thought | Redacted with Clayton Morris


Redacted News Published originally on Rumble on November 28, 2022

The Biden administration can’t find over 20 billion dollars it sent to Ukraine. And yet Republicans are ready to send more money to Ukraine. What are they thinking? Protests erupt again in Peru. China protests rage across the country over Covid lockdown restrictions which have gotten worse.

Zelenskyy Asks for Another $55 Billion to Pay for Budget, Infrastructure, Government Expenses and Pensions of Ukraine


Posted originally on the conservative tree house on November 26, 2022 | Sundance 

Has anyone stopped to ask why the United States taxpayer is responsible for funding the government operations of Ukraine, to include the paychecks and pensions of Ukrainian government officials, or nah?

As Joe Biden and various Democrat and Republican leaders are gleefully willing to keep pushing U.S. taxpayer money into Ukraine, there does come a time when we have to start asking some questions about the disconnect in regard to the opinion of the American people.   Tucker Carlson noted this question last night.  WATCH:

Also, have you noticed a prominent Republican who has gone conveniently silent on this issue since he originally supported unlimited funding for Ukraine?  Yeah, Ron DeSantis, funny that.

Washington DC – […] The White House last week asked Congress for more than $37 billion in additional assistance for Ukraine amid Russia’s ongoing invasion. And while some Republicans say they’re supportive of the amount, many more have been cautious to take a position just yet.

“It’s a lot of money. I think we’ll have to have an open discussion on it,” Sen. Shelley Moore Capito (W.Va.), top Republican on the Senate Appropriations Subcommittee on Homeland Security, said on Tuesday, shortly after the request was made public.

While there is broad support for Ukraine military assistance among Republicans in both chambers, there has also been resistance about other forms of aid and how it’s being accounted for.  (read more)

New Interview: Energy, Russia/Ukraine, Cryptos, US Civil War, Real Estate Crash


Armstrong Economics Blog/Armstrong in the Media

Posted Nov 26, 2022 by Martin Armstrong

Spread the love

Click here to listen to my latest interview on

“This Week in Money

Ukraine Supporters & Denial of History


Armstrong Economics Blog/Ukraine Re-Posted Nov 22, 2022 by Martin Armstrong

UN Agreement Ukraine 1994

I apologize, the proposal began in 1991 for Russia to join NATO. But the final agreement with respect to Ukraine’s nukes was not in Belgrade but in Budapest. History has been rewritten to support the war against Russia for climate change. I have never seen any account of history that reports NATO invited Russia to join in 1991. Some people are so pro-Ukrainian that it is insane. They are really cheering for World War III and no doubt believed in COVID, Weapons of Mass Destruction in Iraq, and Hillary’s RussiaGate. They refuse to open their eyes to see that they have been played for fools as always to justify war.

So cheer all you want. This war will NOT be confined to just Ukraine you can watch it on TV as if it is some video game. Ukraine was the 3rd largest nuclear power. That was a fact. The US paid them to surrender their nukes to Russia and they in turn provided nuclear power rods for electricity. James Baker warned about loose nukes and Ukraine was one of the three republics that ended up with nukes. The difference was, Ukraine wanted to use them on Moscow. All my sources back then were deeply concerned that Ukraine just could not ever be trusted. It was Ukraine that kept the cold war going. Zelensky has supported the Ukrainian Neo-Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves. I have fact-checked that and it is a true statement made to the press.

My dealing with Ukrainian governments has always been: Just show me the money. Ukraine is a corrupt black hole. History will show who is on the right and wrong side if any side survives.

Good luck with your hatred. Remember, there is a funny thing about what we call karma. What you wish on someone else may be what becomes your own undoing. So don’t worry. Your hatred of Russia will end that nation, but it will be a Phryic War and nobody will survive. So cheer the loss of your future. You will get what you deserve in spades.

The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.

The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:

  • Running children through with stakes
  • Cutting a person’s throat and pulling their tongue out through the hole
  • Sawing a person’s torso in half with a carpenter’s saw
  • Cutting open the belly of a woman in an advanced stage of pregnancy, removing the fetus, and replacing it with a live cat, before sewing up her abdomen.
  • Cutting open a pregnant women’s abdomen and pouring in broken glass
  • Nailing a small child to a door.

Ignore all the history you want to keep fanning the flames of war. When you lose everything, remember – you asked for this result.

Associated Press Fires Journalist Who Claimed Russian Missiles Hit Poland, Creating Panic and Calls for War


Posted originally on the Conservative tree house on November 22, 2022 | Sundance

The Associated Press received a lot of international scorn for reporting incorrectly that Russia fired missiles into Poland {Backstory}.

As soon as the AP attributed the missile attack to Russia almost immediately other media outlets began promoting calls for a NATO led war against Russia.  Additionally, the G20 summit was taking place and various international leaders began discussing an article-5 convention against Russia.

However, the single source of the AP report was wrong, a senior U.S. intelligence official, if there actually was a source.   It was the Ukraine military who fired the missile into Poland, not Russia.

The Daily Beast notes today that the Associated Press has fired James LaPorta, the journalist who made the claim of Russian origin.

(Via Daily Beast) – The Associated Press scared much of the world last Tuesday when it alerted readers that “a senior U.S. intelligence official” said “Russian missiles crossed into NATO member Poland, killing two people.”

That report, which was widely cited across the internet and on cable news, was taken offline the following day and replaced with an editor’s note admitting the single source was wrong and that “subsequent reporting showed that the missiles were Russian-made and most likely fired by Ukraine in defense against a Russian attack.”

On Monday, the AP fired James LaPorta, the investigative reporter responsible for that story, Confider has learned.

The piece, which was originally co-bylined with John Leicester (who is still working at the AP), attributed the information to a single “senior U.S. intelligence official,” despite the AP’s rule that it “routinely seeks and requires more than one source when sourcing is anonymous.” (read more)

Ukraine & Fake News


Armstrong Economics Blog/War Re-Posted Nov 22, 2022 by Martin Armstrong

QUESTION: Sir, Discussing Ukraine with a friend, I brought up the Belgrade Agreement of 1991. Searching the internet I found one article besides your blog spot that references it. I couldn’t find it. Do you have a copy? Censorship at its finest.

Keep up the good work.

DK

ANSWER: That is really unbelievable. The agreement was reached in 1994 following the collapse of the USSR in 1991. Al Gore was quoted by the Guardian on December 18, 1993: “Ukraine is deceiving us all” and that its nuclear policies were “evil.” As the Guardian reported that the Ukrainian “government and its parliament are already in NATO’s bad books for refusing to make good their promise to abandon nuclear weapons.” It was Ukraine that was threatening the entirety of Eastern Europe for their hatred of Russians dating back to ethnic cleansing from the Nazi era was alive and well. You absolutely cannot trust anything Ukraine would ever agree to. I have warned that when shaking hands with Ukraine, you better forget counting your fingers; you need to make sure you still have your arm. Even the IMF has said that Ukraine is the most corrupt country in Europe. NOTHING they say can be trusted.

There was a very real deep fear that Ukraine would not only make sure that the cold war would continue, but they also were highly radical and would use nuclear weapons to claim Russia fired first. Ukraine is a country that is not trusted by its neighbors. It is absurd propaganda that they are fighting for Democracy by refusing to allow the Donbas to vote when they absolutely hate the people there. But the West refuses to protect the Donbas also because they are simply Russians. This one-sided view of human rights allows Ukraine to propel the entire world toward World War III.

Every document you look at and the press pre-2022 cast Ukraine as a dangerous country dominated by corruption and engulfed still in this view of ethnic cleansing from the days of Hitler. Because the CIA protected the Ukrainians, they have never been held accountable, and they are now propelling the world into war.

But Adalaide University just published a study on how Ukraine has been using BOTS to manipulate the world’s opinion to support Ukraine and the destruction of Russia. Ukraine has always been disliked by its neighbors because of its support for Hitler. They have long been considered radicals and linked to the Nazis all because Hitler promised to allow them to create their own country.

Ukraine was NEVER a country before the USSR. They were more like the Kurds in Iraq. The borders they are fighting for were merely drawn for administrative purposes by the USSR. They were the ones who pushed for the collapse of the USSR, and they were the ones who immediately began forming an army of 400,000 that scared the hell out of all their neighbors.

By 1992, they were fighting to take over the Russian fleet. Even Dick Cheney was deeply concerned because Ukraine was irresponsible, and their hatred of Russians from the Nazi days surged to the surface. They had more nuclear weapons than China at the time.

James Baker went to negotiate and argued that Ukraine should surrender its nuclear weapons. There were never trusted. Just like the Serbs in Bosnia, the hatred ran very deep. Ukraine took the position that it would only surrender its nuclear weapons if Russia did. Their arguments were simply colored with Russian hatred. They instantly formed an army after 1991, and the Belgrade Agreement was finally reached in 1994, where they agreed to surrender their weapons and remain neutral, with NATO vowing not to invade, and Russia took the same position. Only then did Ukraine agree to surrender its nukes, for they realized that NATO did not trust them and would regard Ukraine as a terrorist state hostile to Europe.

Ukraine then argued it would cost too much to surrender all its nukes. They were the third-largest nuclear power in the world. They then demanded all sorts of guarantees, which they have violated today, but they also extorted money from the United States to disarm their nukes. To cement the deal, Bill Clinton paid Ukraine $175 million to return the nukes to Russia, and Russia, in return, provided the nuclear power rods for Ukraine. Of course, FAKE NEWS seems to be repainting history with the current color of fashion.

The Ukrainian Civil War was started by the UNELECTED government installed by the US & NATO. They immediately sent an army to attack the Russians in the Donbas. They called it an “anti-terrorist operation,” all to pretend they wore white hats. The Ukrainian people did NOT vote for this war. This was instigated by the West. I warned from the outset that our computer back in 2013 pinpointed Ukraine as the place where World War III would begin. It is now being driven to destroy Russia for climate change. This is NOT my personal opinion. Sorry, I wish it were. Then I could be wrong like any person. But this is the computer projecting, and it has been dispassionate.

For the Ukrainians who cheer war, I remind you of the story of Croesus, king of Lydia. He asked the Oracle at Delphi if he would win if he waged war upon Persia. The Oracle replied, “A great empire will be destroyed.” He took that as his victory. He lost, and the collapse of the great empire was his. Ah, how stupidity causes history to repeat. Ukraine will be utterly destroyed. Their view of a nation-state will be but a fleeting moment of greatness. They are destroying all the lives of their own people simply because of their hatred of Russians and their quest for ethnic cleansing. Everyone supporting Ukraine in this hatred will suffer the same fate. Post-2032, we will get to redesign our government from the ground up. Nothing will remain standing like the fallen statutes of Egypt and Rome. Our time will come.

Zelensky was elected on a promise to end corruption, yet, he has stashed more money offshore than any former leader in Ukraine. He promised to end the civil war and seek peace with Russia. He lied to gain power and has done exactly the opposite. This guy puts money before his own country while hiding it offshore, as the Pandora Papers confirm, and refuses to negotiate or honor the Minsk Agreement because fools would stop sending money to his government, and the well would quickly dry up.

The day before Putin came to defend the Donbas, Zelensky stood up and said he would seek to reestablish nuclear weapons. That ended Ukraine’s 1994 agreement to remain neutral. This was like 1962 when Russia put nukes in Cuba.

The people who never question anything about Ukraine are the same people who believed COVID was like the black plague and you would die without a vaccine and a mask. People are so easily manipulated. Unfortunately, if they were not, how would you get people lining up to fight and die on a battlefield when the very BEST they could ever hope for is to return unharmed to a family who is still there?


Bots manipulate public opinion in Russia-Ukraine conflict

 Posted on Sep 8 2022 by Lee Gaskin

A Ukraine street, featuring damage and debris from the Russia invasion.
A view of a store after the Russian bombing of the Ukraine city of Kharkiv on 15 March, 2022. Credit: KMimages.

Researchers from the University of Adelaide have found bots have had a major online presence during the war between Russia and Ukraine.

The researchers analyzed 5,203,764 tweets, retweets, quote tweets, and replies posted to Twitter between February 23, 2022, and March 8, 2022, containing the hashtags
#(I)StandWithPutin, #(I)StandWithRussia, #(I)SupportRussia, #(I)StandWithUkraine, #(I)StandWithZelenskyy and #(I)SupportUkraine.

“We found that between 60 and 80 per cent of tweets using the hashtags we studied came from bot accounts during the first two weeks of the war,” said co-lead researcher Joshua Watt, an MPhil candidate in Applied Mathematics and Statistics from the University of Adelaide’s School of Mathematical Sciences. “This drove more angst in the online discourse and even impacted discussions surrounding people’s decision to flee or stay in Ukraine.”

“We observed increases in words such as ‘shame,’ ‘terrorist,’ ‘threat,’ and ‘panic.’ Pro-Russian human accounts were having the largest influence on discussions of the war – particularly on accounts which were pro-Ukraine. To our knowledge, this is the first body of published work which addresses online influence operations in the context of Russia’s invasion of Ukraine in 2022.”

“In the past, wars have been primarily fought physically, with armies, air force and navy operations being the primary forms of combat. However, social media has created a new environment where public opinion can be manipulated at a very large scale.”Co-lead researcher Joshua Watt, MPhil candidate in Applied Mathematics and Statistics from the University of Adelaide’s School of Mathematical Sciences.

Fellow co-lead researcher, Bridget Smart, a Masters student in Applied Mathematics and Statistics, added: “Our research identifies that this is happening during the Russia-Ukraine war and provides a statistical framework which quantifies the extent to which this is happening. This work extends and combines existing techniques to quantify how bots are influencing people in the online conversation around the Russia-Ukraine invasion. It opens up avenues for researchers to understand quantitatively how these malicious campaigns operate, and what makes them impactful. This research has identified that social media organisations may need to be better equipped for detecting and handling the use of bots on their networks. It has identified that governments may need to have stricter policies on social media organisations, and that social media can be a vital tool during conflict.”

The paper titled “#IStandWithPutin versus #IStandWithUkraine: The interaction of bots and humans in discussion of the Russia/Ukraine war”  has been published in arXiv and will be presented at The International Conference on Social Informatics in Glasgow from 19-21 October.

House Republicans Demand Audit of Ukraine Funding


Armstrong Economics Blog/Corruption Re-Posted Nov 21, 2022 by Martin Armstrong

After sending off funds to Ukraine for nine months, people are requesting an itemized bill to find out where billions of taxpayer funds were spent. The newly flipped House called for an audit of Ukrainian funds and a reprioritization to secure America’s own border. Representative Marjorie Taylor Greene (R-GA) accused the Biden Administration of bringing in disabled Ukrainian soldiers as “pawns” when negotiating for additional funds. With the recent FTX blow-up, it is more apparent than ever that these funds to Ukraine have been mishandled.

We have sent billions of funds to Ukraine, but nothing has been done to secure the US-Mexico border despite numerous states declaring an invasion and begging Washington for help. “We are completely protecting another country’s border and also waging a proxy war with Russia,” Greene said. “We had five million people cross our border illegally since Joe Biden took office, let’s compare that to how many Russians have invaded Ukraine, 82 thousand Russians have invaded Ukraine,” Greene stated. As I have stated in prior posts, the cost of building a wall was insignificant compared to the cost of housing illegal immigrants.

A deep-dive audit into the handling of Ukrainian funds would lead to Biden’s impeachment, but this could never happen as too many players would crumble. This situation is larger than Biden conjuring up his own money laundering scheme single-handedly, as people on both sides have their hands in the endless war fund pot.