Category WEF Autocracy

Oct 7 2022

US National Debt Reaches Historic High


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Oct 7, 2022 by Martin Armstrong

The US national debt has reached a historic high under Biden after surpassing $31 trillion. The national debt has always been chaotic as politicians push spending agendas with no plans to pay their debts. The only time the national debt was paid in full was in January 1835 under President Andrew Jackson. The US fell into debt just one year later as a result of the Civil War and Jackson’s war on the banks.

The last time the US experienced a surplus was in 2001, although the debt still increased. COVID spending pushed the nation’s debt to new levels, and the US government spent $3.1 trillion more than it earned. In 2021, the federal government spent $2.8 trillion more than it earned. Now in 2022, the Biden Administration is announcing a new spending plan each week.

Biden spent $1.9 trillion on the American Rescue plan last year, which many blame for fueling inflation as $400 billion was earmarked for Americans to stay home and not work. Biden attempted to pass the $5 trillion Build Back Better bill, the largest proposed bill in US history. When that bill failed, Biden signed the Inflation Reduction Act for $740 billion. Numerous independent studies have stated that the act will only worsen inflation.

Biden plans to spend around $400 billion to cancel student loan debt for families earning as much as $250,000 annually. To add insult to injury, Washington has sent Ukraine nearly $17 billion this year alone. This administration is not worried about taxpaying citizens, and eventually, the citizens will be the ones footing the bill for Biden’s excessive spending.

Oct 6 2022

Poland Goes Nuclear as NATO Breaks Past Promises


Armstrong Economics Blog/War Re-Posted Oct 6, 2022 by Martin Armstrong

The war in Ukraine escalated as a direct result of NATO’s interference. Russia felt backed into a corner, on the defensive, and felt it had no choice but to invade Ukraine in response to heightened tensions with NATO. Even the pope came out and said that NATO was antagonizing Russia by “barking at the Gates of Russia.”

The North Atlantic Treaty Organization (NATO) originally wanted Russia to join after the Soviet Union was dissolved. Although Russia did not join, relations with NATO were strong. In 1997, NATO reported that they planned to build “lasting and inclusive peace in the Euro-Atlantic area on the principles of democracy and cooperative security” with Russia. NATO also claimed that it would not deploy nuclear measures against Russia.

"The member States of NATO reiterate that they have no intention, no plan and no reason to deploy nuclear weapons on the territory of new members, nor any need to change any aspect of NATO's nuclear posture or nuclear policy - and do not foresee any future need to do so. This subsumes the fact that NATO has decided that it has no intention, no plan, and no reason to establish nuclear weapon storage sites on the territory of those members, whether through the construction of new nuclear storage facilities or the adaptation of old nuclear storage facilities. Nuclear storage sites are understood to be facilities specifically designed for the stationing of nuclear weapons, and include all types of hardened above or below ground facilities (storage bunkers or vaults) designed for storing nuclear weapons."

If peace in the euro area was of top importance, this situation would have de-escalated back in February. Now, bordering countries are increasing their nuclear capabilities. Poland has announced that they are willing to host nuclear weapons provided by the US. The head of the ruling Law and Justice (PiS) party, Jarosław Kaczyński, “fully supports” the proposition. However, Poland is freeing itself of any responsibility. Duda said that the weapons of mass destruction “would not be a nuclear weapon under the control of Poland. Participation in nuclear sharing does not imply having your own nuclear weapon.”

France, the United Kingdom, and America are the only three NATO members with their own nuclear weapons. Yet, they store nuclear weapons in strategic places such as Italy, the Netherlands, Turkey, and Belgium. These countries will be able to strengthen their national security while alleviating the full burden of being in control of nuclear weapons.

Oct 4 2022

BREAKING: KANYE WEST IS WHITE & JOE BIDEN IS PUERTO RICAN! | Louder with Crowder


Steven Crowder Published originally on Rumble on October 4, 2022

Kanye says white lives matter, Joe Biden is Puerto Rican, and you’re a homophobe if you don’t want to see a gay sex comedy. We’ll make sense of all of it! We also check in to see how crime is going in NYC only to discover the “Green Goblin Gang.” #whitelivesmatter #kanye #bros

Oct 4 2022

Canadians Not Willing to Hand Over Guns


Armstrong Economics Blog/Canada Re-Posted Oct 4, 2022 by Martin Armstrong

The Trudeau Administration wants to eliminate all freedoms. Provinces are fighting back at Trudeau’s gun confiscation, deemed a “mandatory gun buyback” for assault rifles. As usual, the government put this plan in place without a plan for enforcement.

Two years ago, Alberta Premier Jason Kenney, in the video above, explained that firearm ownership is already under strict regulations. Only law-abiding citizens must adhere to these regulations. He accused Ottawa of using the people as scapegoats for their gun confiscation plan instead of cracking down on gangs and criminals who actually commit gun crimes. Now, Trudeau is going after the people and pointing at events that occurred outside Canada as a reason to ban citizens from legally owning assault rifles.

Royal Canadian Mounted Police (RCMP), Alberta Justice Minister and Solicitor General Tyler Shandro reminded the Liberal Party that Alberta taxpayers pay C$750 million annually to fund the RCMP. “We expect that those dollars not be wasted to pay for a confiscation program that will not increase public safety,” Shandro said after calling the program disturbing. “We will not tolerate taking officers off the street in order to confiscate the property of law-abiding firearms owners.”

Manitoba Attorney General Kelvin Goertzen quoted from a letter that he wrote to Canadian Public Safety Minister Marco Mendicino, said the law “unnecessarily targets lawful gun owners,” as criminals are still going to be in possession of firearms – obviously. “In Manitoba’s view, any buy-back program cannot further erode precious provincial police resources, already suffering from large vacancy rates, from focusing on investigation of violent crime.”

Saskatchewan’s Minister of Corrections, Policing, and Public Safety Christine Tell also called the mandate a waste of resources that is not supported. “The Government of Saskatchewan does not support and will not [authorize] the use of provincially funded resources for any process that is connected to the federal government’s proposed ‘buyback’ of these firearms,” she declared.

Banning any form of firearms is a method to control the people. The government and criminals will be the only ones with power, with the average law-abiding citizen helpless. Gun confiscation has occurred countless times in RECENT history and has not ended well.

Oct 4 2022

Germany Hits Record Population Growth


Armstrong Economics Blog/Germany Re-Posted Oct 4, 2022 by Martin Armstrong

There are now 84 million people living in Germany, according to the German Federal Statistical Office. This has nothing to do with the birth rate, which is on the decline. Instead, the number of Ukrainians seeking refuge in Germany caused the population to grow by 750,000 this year.

The population in Germany grew by 0.1% or 82,000 in 2021. In 2022, the population has already increased by 1% or 843,000 people. Germany has not experienced such a large influx of refugees since 2015 when Angela Merkle welcomed all Syrians into Germany. Nearly one million people entered Germany in 2015, mostly fleeing war in the Middle East. It proved to be a disaster as Germany did not have the means to care for all the new arrivals, and the cultures did not integrate well.

Germany is not likely to see as strong of an influx since other European nations are opening their borders to Ukrainians. Poland has already permitted 6.56 million Ukrainians to enter their borders. Yet, Poland has reported that tens of thousands of Ukrainians who fled are now returning. Those returning are likely men who want to fight. Germany reported that most of their new refugees are women (501,000) as well.

The culture integration is easier compared to the 2015 refugee crisis, but do these European nations have the infrastructure and financial means to support so many additional people? Those who fled Syria had nothing to return to as their nation did not receive endless funds from the West. On the other hand, Ukrainians who fled likely plan to return once the war is over. The question becomes when can I return as everything indicates that this war is only getting started.