Category War with Russia

Sep 9 2022

Deutsche Bank CEO Says a Recession is Inevitable


Armstrong Economics Blog/Germany Re-Posted Sep 9, 2022 by Martin Armstrong

Yet another head of the financial system is coming out and warning that a recession is inevitable. Deutsche Bank CEO Christian Sewing echoed the words of BoE’s Governor Andrew Bailey and blamed the coming recession on the war in Ukraine. “We will no longer be able to avert a recession in Germany. Yet we believe that our economy is resilient enough to cope well with this recession — provided the central banks act quickly and decisively now,” Sewing said.

Going a step further, Sewing blamed China along with Russia. “When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany,” he warned. Around 12% of German imports and 8% of exports come and go from China. Sewing would like to see a declining dependency on China rather than strengthening their relationship.

Neither China nor Russia are to blame for Germany’s situation. Russia was simply a diversion to draw attention away from the collapse of the European economy. Negative interest rates beginning in 2014 wiped out pension funds and proved that the central bank was not thinking long-term. COVID restrictions killed the supply chain, and Germany’s insistance in backing Ukraine eliminated what could have been a lucrative pipeline. Had the pipeline gone through, Europe would not have an energy crisis! Ever since COVID, we have witnessed a rising trend of civil unrest. Politicians have been working hard to create war with Russia deliberately, all cloaked in their real objective of controlling the planet.

When the energy crisis is unavoidable for the average person and the standard of living declines, the politicians will point to Russia and China. The decline began long before Russia lined the border of Ukraine, and China is demonized for simply existing. They would never blame their fiscal mismanagement or detrimental policies for the undoable damage they have created. If Germany falls, all of Europe will follow.

Sep 9 2022

Secretary Yellen Celebrates Treasury Policy Making “Future U.S. Economy Dependent on the Wind and the Sun”


Posted originally on the conservative tree house on September 9, 2022 | Sundance 

Every institution of the JoeBama administration is filled with climate change ideologues. Never is that more abundantly clear than a U.S. Treasury Secretary who celebrates the future of the U.S. economy becoming “dependent on the wind and the Sun“.  {Direct Rumble Link}

[Transcript] – “Our plan – powered by the Inflation Reduction Act – represents the largest investment in fighting climate change in our country’s history. It will put us well on our way toward a future where we depend on the wind, sun, and other clean sources for our energy. We will rid ourselves from our current dependence on fossil fuels.” (link)

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To understand the scale of the ideological effort, review this earlier statement in her prepared remarks, “In markets where we could not help lower prices by expanding supply, we have aimed to mitigate the pain directly, through cost relief.”  The admission here is that ideologically the Biden administration cannot expand energy supplies to lower energy prices without compromising their climate change mission.

[Full Transcript Here]

Sep 9 2022

EU Central Bank Raises Interest Rate 75 Points in Further Effort to Withstand Storm of Energy Driven Inflation


Posted originally on the conservative tree house on September 8, 2022 | Sundance 

Energy inflation continues to pummel all western nations as they chase the climate change agenda. Today, the European Central Bank has raised interest rates to support the goal of lowered economic activity.   Lowering economic activity lowers energy use.

Absent of any desire to raise energy supply and/or energy production, monetary policy can support the goal of lowering energy use by driving down all economic activity.

In the big transition picture, the economies within the western alliance must be reduced until they match the energy output of windmills and solar farms.

FRANKFURT—The European Central Bank raised interest rates by the largest amount since the early days of Europe’s currency union, moving aggressively to combat record inflation even as an energy crisis puts Europe on the brink of recession.

The bank said in a statement that it would increase its key rate to 0.75% from zero—its second hike this year following a 50-basis-point rise in July—and signaled that further rises were likely over the coming months.

At a news conference, ECB President Christine Lagarde warned that inflation was spreading beyond energy to a range of products. She said the ECB was ready to increase rates aggressively over the next several meetings.

“We want all economic actors to understand that the ECB is serious” about combating high inflation, Ms. Lagarde said. (read more)

A few months ago, amid all of the headline warnings about inflation and prices of essential products, CTH noted that if we were to continue waiting about six months, we would see a massive backlog of unsold goods and as a consequence the prices of non-essential durable goods would begin a rapid decline.  That exact scenario is unfolding. Keep watching.

Keep in mind, this is not necessarily a collapse of total global economic activity; what we are seeing is a collapse of western nation economic activity that is impacting the rest of the world.  A great economic fracturing is taking place as the western nations intentionally shrink their economy.  The supplier nations are feeling the consequences.

All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed.  What we are seeing right now is the outcome of the “Build Back Better” roadmap.  The “global inflation” is the outcome.

Joe Biden is blocking domestic energy production as he follows through with the agenda of the Green New Deal.  In Europe, not coincidentally demanded by Biden, a similar outcome comes from the sanctions and blocking of Russian energy resources.

One could make a reasonable argument that the team behind Joe Biden specifically wanted the EU sanctions against Russia, because the U.S. crew wanted to keep both industrial economies mirroring each other as the U.S. energy system was dismantled.  It would make sense to avoid a spotlight on the U.S. economic collapse, by forcibly pushing the EU economy into the same situation.

Taking that line of geopolitical and economic consequence one step further, and that would be part of the strategy -albeit undiscussed- behind having a consistent global cap on the price that any nation could pay for Russian oil.  That approach is not about punishing Russia, it is to make all of the economic pain and problems equal amid all western nations.  Globalists, and the central bankers, are good at creating economic systems to deliver equitable misery.

Sep 8 2022

Is the US Sacrificing Europe to Maintain Global Dominance?


Armstrong Economics Blog/War Re-Posted Sep 8, 2022 by Martin Armstrong

Vladimir Putin believes that Washington is sacrificing Europe to maintain global dominance. The United States has always been the world police, and the top country that others turn to in times of crisis. America’s post-World War II status left it as the financial capital of the world, and the dollar has remained the world’s reserve currency. Nothing has topped the dollar.

Europe attempted to create the European Union in an effort to prevent European conflicts, but it also created the euro to compete against the dollar. I explained various times how their attempts have failed. However, the euro is now beneath the dollar and on the decline. Nations maintain diplomatic relations, but only Schwab wants a one-world government as everyone is competing for global dominance.

Putin claims that the West rushed to place sanctions on Russia. There was indeed a rush to place sanctions on Russia despite Joe Biden himself coming out and admitting sanctions never work. Peace talks were never an option. Returning land or promising to curtail NATO was never an option. Sanctions and threats were immediately imposed. Why?

“The pandemic has been replaced by new challenges of a global nature, carrying a threat to the whole world, I’m talking about the sanctions rush in the West and the West’s blatantly aggressive attempts to impose their modus vivendi on other countries, to take away their sovereignty, to submit them to their will,” Putin told delegates at Russia’s Eastern Economic Forum in the port city of Vladivostok on Russia’s Pacific coast, as reported by CNBC.

It is true that Europe is facing the brunt of these sanctions as they sacrificed their main supplier of energy to save a nation with a GDP of roughly only $200 billion. Europe did not want to allow Ukraine to join the euro, and they had no interest in the country prior to this conflict. The hatred for Russia runs deep in Europe, especially in Germany after Russia took hold of the east after the last World War. The politicians are certainly old enough to remember when Germany was split in two until 1989. There is a reason Russia’s integral support for the axis powers during World War II is diminished in Western history books.

Putin went on to say that the standard of living in Europe and overall social and economic stability was “being thrown onto the fire of sanctions.” The United States has been eager to sanction Russia since the war in Syria began. Obama tried but failed to kick Russia out of the SWIFT system in 2014, with Christine Lagarde offering her support. Zelensky, who rand the NYSE bell this week remotely, admitted that he needed America to place harsh sanctions on Russia to accelerate the war.

“So far, I think that the United States of America is the accelerator of the sanction policies and I think they do more than any other country. And this is the way it should be because they are the most powerful country right now. I see the same support with respect to sanctions from the United Kingdom,” Zelensky told reporters at Fox in May.

The dollar remains strong and is the last safe haven. The war in Ukraine has only promoted capital to rush into the dollar. So is Europe “being sacrificed in the name of preserving the US dictatorship in global affairs,” as Putin claims? Europe will suffer more than the United States due to these sanctions. In fact, had Biden not eliminated domestic oil production, the US would not be facing an energy crisis at all. One thing is clear – the support to Ukraine is not an act of kindness. The invisible hand is at play.

Sep 7 2022

JACKSON HINKLE JOINS TUCKER CARLSON ON FOX NEWS


The Dive With Jackson Hinkle Published originally on Rumple on September 6, 2022 

The Deep State now controls Congress, the White House and who every controls Brandon.

Sep 7 2022

Nancy Pelosi: Inside Trader of the Year


Armstrong Economics Blog/Corruption Re-Posted Sep 7, 2022 by Martin Armstrong

Pelosi knew when to sell! Paul Pelosi, Speaker Nancy Pelosi’s husband, sold off 25,000 shares of Nvidia. A month later, the US government banned Nvidia from selling chips to Russia and China to “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user.’” Nvidia also happens to produce the A100 GPU in Taiwan, where Nancy’s attention has been suddenly diverted.

The microchip ban for Russia and China could cost Nvidia $400,000,000. Yet, Paul Pelosi managed to save $600,000 by selling his stock off a month before the news broke. Paul claims he does not consult his wife about trades, but what married couple would not discuss millions being moved? This is no coincidence. Paul even knew when to buy as he purchased the stock back in June when his wife was pushing for a multi-billion dollar government grant for the domestic production of semiconductor chips.

The Pelosi family has earned millions through insider trading. In July, Paul earned $5,300,000 after exercising a call option to buy 4,000 Alphabet shares. Not so coincidentally, this occurred when the House Judiciary Committee cracked down on antitrust practices. There have been numerous instances of the Pelosi family earning money through trades that could have been exercised due to Nancy Pelosi’s political insights. This is insider trading, and it is illegal.

Insider trading is so blatant that even the Democrats want to end the practice. Alexandria Ocasio-Cortez tweeted in December 2021: “There is no reason members of Congress should hold and trade individual stock when we write major policy and have access to sensitive information.” Even a broken clock is right twice a day. “It incentivizes this bad behavior,” she added in a separate tweet. So yes, US lawmakers are pushing legislation forward that directly benefits them. This is completely unethical and a threat to overall democracy.

Sep 7 2022

Washington Post Jumps Back onto the Foreign Nation Nuclear Secrets Angle to Mar-a-Lago Documents


Posted originally on the conservative tree house on September 7, 2022 | Sundance 

The Washington Post goes back to the prior narrative surrounding the Mar-a-Lago documents saying, “a document describing a foreign government’s military defenses, including its nuclear capabilities was found by FBI agents who searched former president Donald Trump’s Mar-a-Lago residence and private club last month.”…. with Devlin Barrett adding the usual, “according to people familiar with the matter” sourcing.

Keeping in mind the traditional relationship that exists between specific media outlets and their deep state sources, the most obvious source for Devlin Barrett is the DOJ National Security Division (DOJ-NSD), FBI Counterintelligence division, or larger intelligence community (IC).  However, what is also obvious from the way the documents are described is a narrative framework to make the innocuous seem looming.

PICTURED: Chairman Kim Jong-Un reads a letter from President Donald J Trump

I would be willing to bet the “document” in question is a letter from North Korean Chairman Kim Jong-Un to President Trump about the status of the DPRK military intent and weapons.  You might remember Chairman Kim and President Trump developed a good relationship and exchanged letters related to matters of national security between North Korea and the United States.

The Intelligence Community in combination with the U.S. military industrial complex and Senate Foreign Relations Committee, did not like that level of direct diplomatic contact and discussion between President Trump and Chairman Kim.  Direct communication between the two leaders subverted the IC’s ability to shape the DPRK messaging to support an interventionist and hostile U.S. geopolitical outlook.

The professional bureaucrats in charge of guiding and shaping all United States foreign engagements do not like being cut out of the geopolitical equations.  As the former head of the Senate Foreign Relations Committee Chuck Schumer famously said, “the intelligence community has six ways to Sunday to get back at you” if the President does not adhere and acquiesce to their power and authorities.

(more…)

Sep 7 2022

Ukrainian Parliament Lines Pockets with Western Aid


Armstrong Economics Blog/Corruption Re-Posted Sep 7, 2022 by Martin Armstrong

The pro-war People’s Deputies of Ukraine Party are using Western funding to line their pockets. It has been reported that the average paycheck went from 28,800 to 49,600 hryvnia, and taxpayers in other countries will pay for their raises.

This news came out shortly after CBS attempted to release a documentary that claimed weapon shipments from the US were frequently missing. CBS was forced to redact parts of the documentary, “Arming Ukraine,” after Ukraine’s government threatened them. The first report stated that 70% of the weapon purchases had gone missing, while another piece said only 30% of aid had arrived. “Since that time, Ohman says delivery has improved,” CBS backtracked. “We are updating our documentary to reflect this new information and air at a later date.”

“The weapons are stolen, the humanitarian aid is stolen, and we have no idea where the billions sent to this country have gone,” an anonymous veteran originally told reporters. He went on to claim that soldiers are receiving less pay while those at the top are lining their pockets. Zelensky continually claims that his country needs endless funds for the endless war. Where is this money going? Since WE are paying for the war, we deserve to know the truth.

https://rumble.com/embed/v1cekpj/?pub=4#?secret=N3Xrpl0SVY

Sep 7 2022

Tucker Carlson Outlines the Totalitarian Outlook of Joe Biden


Posted originally on the conservative tree house on September 6, 2022 | Sundance 

During the second segment of his opening monologue tonight Tucker Carlson accurately outlined the connective tissue behind the Democrat/Biden authoritarian agenda.  Carlson omitted the ideological connections to the totalitarian covid-19 mandates, which present excellent examples of the outlook; nonetheless, Carlson accurately outlined the continuum that Biden and his handlers are traveling.

According to the fiats of the power-centric focus, all opposition to the Biden agenda is bigoted racism and domestic extremism.  Not accidentally, the White House deployment of targeting orders toward their social media allies, mirrors the actions by Ukraine President Volodymyr Zelenskyy in silencing his political opposition, barring media from criticizing him and making political opposition illegal.  Both Biden and Zelenskyy are totalitarian figures hiding behind the false ruse of democracy.  WATCH:

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Sep 7 2022

One Day After Proclaiming He Beat Big Pharma, Joe Biden Introduces a New Annual COVID Vaccine from Big Pharma


Posted originally on the conservative tree house on September 6, 2022 | Sundance

Less than 24 hours after making a weird proclamation that he “defeated Big Pharma,” Joe Biden introduces a new annual vaccine:

[White House] – This week, we begin a new phase in our COVID-19 response. We are launching a new vaccine – our first in almost two years – with a new approach. For most Americans, that means one COVID-19 shot, once a year, each fall.
 
Starting this week, at tens of thousands of convenient pharmacies, doctor’s offices, and community health centers, and other places, Americans age 12 and older can go get this new fall COVID-19 vaccine. The new vaccines provide the strongest protection from the new Omicron strain of the COVID virus, which did not exist when the original vaccine was developed. As the virus continues to change, we will now be able to update our vaccines annually to target the dominant variant.

Just like your annual flu shot, you should get it sometime between Labor Day and Halloween. It’s safe, it’s easy to get, and it’s free. Go to Vaccines.gov to find a location near your home or work.


 
It’s simple, and it’s easy to understand:  If you are vaccinated and 12 and older, get the new COVID-19 shot this fall. This once-a-year shot can reduce your risk of getting COVID-19, reduce your chance of spreading it to others, and dramatically reduce your risk of severe COVID-19. 
 
Winter is not that far away.  The past two years, we have seen COVID-19 cases and deaths soar. It does not have to be that way this year. If you are 12 and older, go get your new COVID-19 shot this fall. (LINK)