Category WEF The Great Reset

Jul 16 2022

WWIII is not Worth Supporting Ukraine in a Land Grab


Armstrong Economics Blog/War Re-Posted Jul 16, 2022 by Martin Armstrong

The West is determined to invade Russia and they believe that they can destroy it despite the fact that they are no longer a communist nation or a threat. That does not seem to matter for they want war because Russia and China will not surrender their sovereignty to the United Nations under this Great Reset all for Climate Change & the WEF.

Indeed, many practical Western military strategists are starting to agree that Henry Kissinger’s advice must be taken and that peace negotiations should begin – NOW. There is a growing number of military strategists that realize that Russia and Belarus along with China and North Korea will all join to defeat the West and NATO which they see as the greatest threat now to humanity.

The West needs war because it can no longer maintain this Marxist socialism system borrowing endlessly with no intention to repay anything  back. This is coming to an end. Our computer has warned 40 years ago that the target for the collapse of socialism was due in 2023. Communism fell in 1989 and now it is our turn in 2023. Marx’s theories will be remembered throughout history. I find it interesting that it is forbidden even in the Ten Commandments warning that this idea of rob from one class to hand to another has never worked. We must now pay the price for this theory. When it was first imposed, over 200 million people died resisting communism in Russia and China. It is ironic that now we are the Marxism trying to impose our will upon Russia and China. What goes around, comes around.

Russia has been unable to use its air power because NATO is providing Ukraine with all the tactical information needed so they only need to turn on their radar minutes before launching and as such Russia cannot destroy those systems which have been supplanted by NATO. Either Russia takes out the AWACs providing that information which then is an act against NATO. The West thinks it is very clever in this arrangement but they really have entered the war and it is just a matter of time that this escalates out of control.

The danger here is that the West is pushing Russia into a very dangerous position. Russia can terminate the entire supply of arms to Ukraine by destroying dams that also form key bridges over the Dnepr. However, they can score a complete defeat of Ukraine by launching several dozen tactical nuclear weapons. What will NATO do then? These clever tactics of NATO being in the war but pretending they are not is a very risky game.

It is not likely that the West will ever take the advice of Kissinger and apply pressure to Kyiv to come to the table and face this unpleasant reality that they must relinquish their claim to territory occupied by Russians who they absolutely hate.

Jul 16 2022

THE COLLAPSE IS HERE & THE FARMERS ARE FIGHTING BACK


The Dive With Jackson Hinkle  Published originally on Rumble on July 15, 2022

Jul 15 2022

Draghi Out – The Dominos Fall


Armstrong Economics Blog/Italy Re-Posted Jul 15, 2022 by Martin Armstrong

Italian Prime Minister Mario Draghi announced his resignation on Thursday after he fell out of favor with the Five Star Movement. Similar to Boris Johnson, once your own people turn their backs on you, it is time to bow out. “I want to announce that this evening I will present my resignation to the President of the Republic,” Draghi said to the pleasure of many. “Today’s votes in Parliament are very significant from a political point of view. The majority of national unity that has supported this government since its creation is no longer there.”

The people are tired of surging prices, a lowered cost of living, and a tyrant policy toward COVID. Five Star’s leader Giuseppe Conte said, “I have a strong fear that September will be a time when families will face the choice of paying their electricity bill or buying food.” Draghi has been destroying Europe for nearly a decade in various roles. He went from failed European Central Bank Commissioner to the prime minister of Italy in 2021. He was quick to state early in his term that the unvaccinated were not part of Italian society and blamed all of the nation’s woes on the unvaccinated.

I know people who worked on trading desks years ago with Mario Draghi before he was head of the ECB, and even then he was incompetent. His policy of perpetual low to negative interest rates was a barbaric ancient theory based on the assumption that if you make it insanely cheap to borrow, people will run out and buy everything. Despite his policy failing, he kept it going and accumulated the bulk of European sovereign debt. The ECB made its first rate hike in December 2015, as our models predicted.

I summed it up in 2017: “To make this as plain as possible, the ECB is the largest individual creditor of the euro countries, and is thus a bank that is undermined completely by the poor creditworthiness of the debtors. If the ECB were to apply its own rules to the banks in Europe that say bail-in, not bail-out, then by its own supervision rules, the ECB is insolvent and should be shut down.”

Draghi is responsible for putting Europe on a path from which there is no escape. I noted that Draghi had no way out, and now he has personally upset his own people. He steps down the same week that the euro broke parity. The people are finally seeing that this man is a danger to all of Europe, but unfortunately, the damage has already been done.

Jul 15 2022

Freedom Convoy Organizer Tamara Lich’s Bail Revoked 


Armstrong Economics Blog/Canada Re-Posted Jul 14, 2022 by Martin Armstrong

Tamara Lich was one of the Canadian Freedom Convoy organizers. She made a cryptic video in February stating that the Canadian government hunting her down. Lich asked protestors to remain peaceful and said that she knew “this too shall pass.” It has not.

Lich remains jailed in Ottawa since defying the government by demanding an end to vaccine mandates. Justice of the peace Paul Harris recently revoked Lich’s bail by stating she violated the conditions of release by attending a gala in Toronto where she was presented with an award for her liberation efforts. “Ms. Lich is not prepared to follow court orders and is prepared to do whatever she feels like doing,” the judge stated. Her lawyer was present at the gala, but since she was photographed with another organizer, the Canadian government has deemed her a threat.

Tamara’s charges: mischief, counseling mischief, obstructing police, counseling to obstruct police, counseling intimidation, and intimidation by blocking and obstructing one or more highways. She has no prior record and did not commit any violent acts.

Tamara Lich is being held as a political prisoner for defying vaccine mandates and garnering more support from Canadians than Trudeau could ever hope to receive. Trudeau wants her to be an example for any dissenters, similar to how Biden is treating the January 6 suspects. Western nations are overtly arresting anyone who does not comply with their agenda and this type of situation has been normalized.

Jul 15 2022

Two More Gone, The Prime Minister of Estonia and the Prime Minister of Italy Tender Their Resignations


Posted originally on the conservative tree house on July 14, 2022 | sundance 

British Prime Minister Boris Johnson resigned.  Days later, former Japanese Prime Minister Shinzo Abe was assassinated. A few days passed and both the President and Prime Minister of Sri Lanka, resigned and fled the country.  Today, with their ruling governments in a state of turmoil, Estonian Prime Minister Kaja Kallas and Italian Prime Minister Mario Draghi have both tendered their resignations.

The collapse of each of these national leaders is not necessarily connected; however, the global political system is reverberating with tremors directly connected to the post-pandemic economic turmoil.  It would be naïve not to see these governing issues as consequences.  The legitimacy of the governing class is slipping; perhaps it would be fair to say, some have ‘lost’ their legitimacy altogether.

Estonia is part of the EU and a member of NATO:

HELSINKI — Estonia’s president on Thursday asked Prime Minister Kaja Kallas to form a new government after she tendered the resignation of her one-party minority Cabinet, ending a more than month-long political stalemate in the Baltic nation.

President Alar Karis said in a tweet after meeting with Kallas that “I signed the resignation request of Prime Minister @kajakallas but also asked her to form a new government which could start working quickly and deal with all important issues of Estonian life.”

Estonia’s government crisis culminated in early June as Kallas, leader of the ruling center-right Reform Party, kicked out the left-leaning Center Party from the two-party coalition. The parties had substantial differences over spending and welfare policies amid increasing Estonian household costs because of high inflation. (more)

Italy is a member of the G7, a part of the EU and a member of NATO:

ROME — Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation’s president quickly rebuffed him, leaving one of Western Europe’s main leaders at the helm for now.

The rejection of the tendered resignation left in limbo the future of Draghi’s 17-month-old government, officially known as a national unity coalition, but with its survival sorely tested by increasingly sharp divergences within the coalition.

Draghi’s broad coalition government — which includes parties from the right, the left, the center and the populist 5-Star Movement — was designed to help Italy recover from the coronavirus pandemic. (read more)

The parliamentary coalitions are fracturing.  New alliances are being formed.  One recent example that stunned everyone in the EU was the far-right and far-left in the French parliament joining forces to defeat the coalition government of Emmanuel Macron as he tried, and failed, to extend emergency COVID rules.

FRANCE – It was the first bill in the new legislature, and the Assemblée Nationale has already embarrassed the government. On Tuesday night, the Assemblée rejected one of the key articles in the bill on Covid-19 aimed at extending certain measures for the fight against the pandemic.

During the debate, the coalition backing President Emmanuel Macron was outvoted several times by parts of the left-wing Nouvelle Union Populaire, Ecologique et Sociale (NUPES), the right-wing Les Républicains (LR) and the far-right Rassemblement National (RN). But the government, represented by Health Minister François Braun, adopted what was left of the bill at 1:45 am, which the help LR votes and Socialist abstentions. (more)

The COVID rules in France are set to expire on July 31st. The first parliamentary goal for President Macron was to extend the COVID emergency and keep his powers.  However, the legislative effort was rejected by 219 votes to 195, destroying the goals of Macron.  Both populist groups joined forces to defeat the Macron coalition.

Yes, amid all of the economic damage created by western leaders and their Build Back Better efforts, the geopolitical world is having spasms as the rulers are being rejected by the ruled.

In the parliamentary systems, the voices of the angry people are rising up. Those shouts are entering the halls of government through the direct representatives closest to the people.  The ruling coalitions are no longer able to hold together as the people demand change.   That is the connective tissue behind these resignations and departures.

Western government leaders like Joe Biden, Justin Trudeau, Emmanuel Macron, Boris Johnson and Jacinda Ardern have the audacity to stand atop a two-year mountain of unilateral fiats, rules, regulations and mandates and then decry “autocracy” and threats to the “global order.”    All of them have destroyed their own legitimacy by pretending to represent western democracy while carrying out two years of totalitarian power.

As the AP tried to spin it:

[…] “A poll conducted last year by The Associated Press-NORC Center for Public Affairs Research found that just 16% of Americans say democracy is working well or extremely well. Another 38% said it’s working only somewhat well.

Other surveys reveal how many people in the United States now doubt the media, politicians, science and even each other.

The distrust has gone so deep that even groups that seem ideologically aligned are questioning each others’ motives and intentions. (more)

We the citizens of the ‘western democracies’ are in an abusive relationship with our own governments’.  The yellow vests in France, the MAGA movement in the U.S., the Australian labor unions, the Canadian Truckers and now the Dutch farmers are the precursor tremors for seismic political shifts.

They all followed the same instructions from the World Economic Forum, and western leaders have shown absolutely no desire to pull back and listen to the people.  Quite the opposite is happening.

Collectively those same leaders are charging head strong into their Build Back Better agenda, regardless of what that does to the global economy.  The collective sanctions placed against Russia are being felt as increased inflation by the citizens of Europe and the United States.  Their “climate change’ agenda and energy policies are creating economic turmoil and now food insecurity

Inflation pressure has built up like a pressure cooker.   People are growing increasingly desperate, and now the absence of food stability will change things.

The looming shortage of food could be the pressure point that fractures the tectonic political plates.

Jul 14 2022

Bank of Canada Raises Interest Rates 1 Percent Claiming Excess Demand in Economy is Driving Inflation


Posted originally on the Conservative tree House on July 13, 2022 | Sundance

Folks, the Build Back Better western alliance are fully vested in the pretending game.  It is just one big insufferable game of pretending, and the citizens of the western government powers, You and Me, are the victims.

Seriously, it’s stunning, yet oddly not surprising, that the same multinational forces who created the global inflation crisis as a result of following the World Economic Forum spending agenda, are now claiming the global economy is simply too hot, too successful, there is just too much demand, and that justifies their raising of interest rates:

OTTAWA, July 13 (Reuters)– The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing “higher and more persistent” inflation and the increased risk of those price gains becoming entrenched.

The central bank, in a regular rate decision, raised its policy rate to 2.5% from 1.5%, and said more hikes would be needed. The move was more forceful than the 75-basis point increase economists and money markets had forecast.

….”With the economy clearly in excess demand, inflation high and broadening, and more businesses and consumers expecting high inflation to persist for longer, the Governing Council decided to front-load the path to higher interest rates,” the bank said. [LINK]

This is the actual justification from the Bank of Canada.

Read it carefully: “With the economy clearly in excess demand.”

Yes folks, I have always said that in order to retain their ideological positions, the leftists in control of policy have to pretend not to know things.  That right there is the Bank of Canada pretending not to know the Canadian economy is contracting.  Exactly the same as Treasury Secretary Yellen and Fed Chairman Powell pretending not to know the U.S. economy is contracting.

Do you see what happened, and what they are doing?

The Build Back Better energy policy of the collective western governments’ is driving supply side inflation.  It’s the new climate change energy policy, all being implemented by the same institutional elements, that is creating the massive increases in overall prices.

It’s the energy policy driving inflation, NOT consumer DEMAND.

The western multinationals, government and multinational/central banks, all carry the same ideological mindset.  All of them are collectively supporting the Build Back Better agenda from execution of infrastructure shifts to their direct control over ESG investment in only “sustainable energy” projects.

The fascist assembly of western government and western banks working together to create this great international game of pretending. All of it so they do not have to admit their ideological climate agenda is destroying economies.   Thus, to keep up the pretense, they raise interest rates into a contracting economy.  This is why I keep saying the pretense is what’s going to end up starving people, creating desperation and ultimately killing people.

Energy demand is no different today than it was pre-pandemic 2018 and 2019.  It’s the energy supply, and all of the downstream industrial energy processes that are being blocked, that has created the supply-side issue.

The post-pandemic Build Back Better agenda has shifted the entire energy sector and created all of these inflationary outcomes.

The World Economic Forum, the Bank of Canada, central banks in Europe and Secretary Janet Yellen and Chairman Jerome Powell are all pretending not to know these issues are outcomes of energy policy.  The collective western nations all took the same path.  All of the outcomes are identical, and now all of their denials and pretenses are being maintained in a collective justification filled with bullshit.

Jul 13 2022

World Bank: The Poor Will Suffer From Carbon Taxes


Armstrong Economics Blog/Energy Re-Posted Jul 13, 2022 by Martin Armstrong

The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year.

“This incentivizes companies to clean up for themselves,” the WEF reported. In the midst of an extreme energy crisis, punishing energy suppliers will undoubtedly backfire. These costs will be passed along to the already struggling consumer. Even the World Bank admitted that the poor will suffer from the carbon tax.

The World Bank stated on its blog:

“There are good reasons why governments may not want to use carbon taxes, and one of them relates to their welfare impacts. For example, a carbon tax on fossil fuels is often regressive in its impact- hurting poorer people relatively more than richer ones. Even when it might be progressive, poorer people still suffer a welfare loss when prices rise, making their consumption basket more expensive.”

Furthermore, they admitted that the carbon tax “aims to restructure economies by raising the cost of a critical resource – the juice that makes it run.” Precisely. We NEED fossil fuels right now, there is no other viable alternative available to provide energy to the world. Since nations have succumbed to the climate change agenda, they have lost their energy-independent status. Europe shot itself in the foot by eliminating any diplomatic relations with their number one supplier of gas for a country that they did not acknowledge prior to February 2022.

Other nations with the ability will drill and sell oil to those under WEF leadership at a premium. India is already buying Russian oil at a discount, refining it, and selling it to the US for a premium. This is more than just bad business as it is a clear attempt to cut off a “critical resource” to “restructure economies” as seen fit by the WEF.

Jul 12 2022

Sri Lanka’s Economy Completely Collapsed


Armstrong Economics Blog/Tyranny Re-Posted Jul 12, 2022 by Martin Armstrong

Protestors swarmed President Gotabaya Rajapaksa’s palace in Sri Lanka, forcing him to flee and step down. The entire government in Sri Lanka will be restructured. When the people are hungry, no amount of rules and restrictions will prevent them from protesting. Sri Lanka ran out of food and ran out of fuel to cook whatever happened to be available.

The country’s foreign reserves were depleted. The government began to cut the power grids daily for increasingly longer periods. There was not enough fuel to power generators. Inflation soared to 45.3% in May, with food costs rising 58%. The United Nations estimated that 22% of the entire population had become food insecure and 86% of families  “are resorting to at least one coping mechanism, including eating less, eating less nutritious food and even skipping meals altogether.”

“Gota Go Gama” (Gama meaning village) or GGG protests arose throughout the nation. Labor migration rose 286% this year, according to the Sri Lanka Bureau of Foreign Employment. The government owes $51 billion in debt and cannot make any payments on loans. Their currency collapsed 80% and was basically worthless. Tourism halted after the pandemic, adding to the crisis. The people had hit rock bottom and knew exactly who to blame. President Rajapaksa and his brother, former Prime Minister Mahinda Rajapaksa, are extremely corrupt. They allowed the problem to become a crisis; living lavishly as their people starved.

The revolutionary wave has only just begun. I warned that it would first come for emerging countries. However, do not think this incident will be isolated to one nation. Unrest is rising as living standards decline.

Jul 12 2022

Political Corruption in The Netherlands and How the Dutch Farmer Protest Connects to the Burning of The Picnic Grocery Distribution Center


Posted originally on the conservative tree house on July 12, 2022 | Sundance

You might have heard about an online grocery distribution center called Picnic in the Netherlands burning to the ground {LINK}.  The backstory of how the Picnic operation connects to the Dutch government is fascinating, and with context it looks like Picnic was targeted as part of the Dutch farmer protest.

In the Netherlands the government official who organized the regulations to take farmland from farmers and reduce their livestock is a politician named Christianne van der Wal-Zeggelink {wiki link}.  Mrs van der Wal-Zeggelink is the current Minister for Nature and Nitrogen Policy in the Dutch cabinet of Prime Minister Mark Rutte.

Minister Christianne van der Wal-Zeggelink and Prime Minister Mark Rutte are climate activists, so it makes sense that the “Minister of Nitrogen Policy” would be the person who would attempt to reduce nitrogen by targeting the farmers.  It is Mrs. van der Wal-Zeggelink who created the regulations that the farmers are protesting.

Now, stay with me… Christianne van der Wall-Zeggelink is married to Piet van der Wal, an heir to the wealth of the family who owns a supermarket chain called Boni. {citation} So, when Dutch farmers sell product to Boni they are directly funding the wealth of the government minister who seeks to destroy their livelihoods.

Additionally, when Dutch shoppers spend their money at the Boni supermarket they are funding the family of the government minister who is seeking to destroy the farmers who provide the food to the supermarkets.  Do the Dutch farmer blockades of the supermarkets and distribution centers make more sense now?

Here is where it gets interesting….  The supermarket chain Boni is one of a small group of four big investors in the online supermarket chain Picnic. {citation}  The van der Wal family was part of a group of investors in 2015 and 2019 who generated €450 million for the Picnic grocery operation.

Additionally, as part of the financial relationship, the Picnic distribution center buys their groceries at wholesale prices from Boni: “Picnic directly buys from an existing supermarket chain (Boni), which saves them the operational costs on that side” {2015, citation}.

Buying from Boni Supermarket or ordering online from Picnic home grocery delivery is essentially the same thing.  Boni is a retail supermarket chain, and Picnic is a free home delivery service that sources their grocery distribution center inventory from Boni.

Additionally, Bill and Melinda Gates are big investors into Picnic {citation}: “As reported by the respected Dutch financial magazine Quote in September last year, [Picnic] raised €600 million (approximately $604 million) in an investment round, with the lion’s share coming from the Bill & Melinda Gates Foundation Trust.” {link}

Summary so far: Nitrogen Policy Minister Christianne van der Wal-Zeggelink is married to the ultra-wealthy family who own the Supermarket chain Boni.  Together with other ‘climate change’ investors including Bill and Melinda Gates, Boni funds online supermarket Picnic.  Sales from Picnic or Boni directly increase the wealth of the Dutch Nitrogen Policy Minister.  Picnic also sells the engineered food that Bill Gates promotes.

The current owner and CEO of Picnic is a man named Michiel Muller.  Mr. Muller is a Dutch entrepreneur, climate change activist and self-described visionary, who intends to “change the entire food system, eliminate waste” and be in line with sustainable energy goals and the climate change agenda [Video citation @14:21].

Additionally, a great deal of the money from the investment rounds is going toward building a robotic warehouse and automated Picnic distribution center which aligns with the free online grocery ordering system. {another citation}

With all of these associations, business interests and financial aspects in mind, Dutch Nitrogen Minister Christianne van der Wall-Zeggelink has a direct financial conflict-of-interest in the advancement of sustainable supermarket and online grocery operations.  Specifically, those operators who are the beneficiaries of not only her nitrogen elimination regulation, but also the direct investment from her family.

It is also not surprising that Dutch farmers would seek to block the retail supermarkets and distribution centers of the companies that are directly connected to the business interests of Dutch politicians.

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Jul 11 2022

In the Aftermath of Political Violence, Japan Gives Big Election Win to Prime Minister Kishida Fumio in Tribute to Assassinated Former Prime Minister Shinzo Abe


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

The Liberal Democratic Party (LDP) of Japan, the party of current Prime Minister Kishida Fumio and former Prime Minister Shinzo Abe, has scored a major election victory.

The election was held only three days after Shinzo Abe was assassinated, and the results reflect the Japanese people giving Fumio the opportunity to cement the legacy of the man he replaced.   Prime Minister Abe was an advocate for reforming the Japanese pacifist constitution, which has not been modified or amended since 1947.

Current Prime Minister Kishida Fumio, the leader of the LDP, now has a super-majority in the upper house, controlling more than two-thirds of the seats.  Fumio will have this majority for at least three years and will be able to structure amendments to the Japanese constitution, a life-long ambition of Shinzo Abe who was a hawk to the influence of Chinese aggression in the region.

With the people supporting him, Kishida Fumio now has a major mandate to fulfill the legacy of Abe and keep a focus in the economic and security needs of the average Japanese citizen.  This is a rare moment of almost universal control within the Japanese political system.  Western media are writing the typeset with furrowed brows and gritted teeth.  Meanwhile, the Beijing dragon is fuming behind the panda mask.

Washington Post –  Prime Minister Fumio Kishida’s ruling Liberal Democratic Party, or LDP, and its coalition partners have secured a two-thirds supermajority in the nation’s parliament, according to Sunday’s election results, a powerful showing that could allow the LDP to carry forward former prime minister Shinzo Abe’s biggest ambitions in the aftermath of his assassination.

The overwhelming victory could usher in at least three years of political stability for Kishida. It would clear the way for him to enact some of the party’s most controversial goals, including increasing defense spending and pursuing Abe’s long-running desire to amend Japan’s pacifist postwar constitution so that Japan can become a stronger global military power.

“When they get ahold of these ‘golden three years’ the focus will be on what the Kishida administration will hammer out,” said Yu Uchiyama, Japanese politics professor at the University of Tokyo Graduate School of Arts and Sciences. “If the Kishida administration can come up with policies that appeal to the people, there is a strong possibility that the administration will last long-term.” (read more)

NHK NEWS – Japan’s ruling coalition scored a sweeping victory in Sunday’s Upper House election.  The Liberal Democratic Party was able to win more than half the open seats without the help of its coalition partner, Komeito.

Prime Minister Kishida Fumio on Sunday night said he was grateful for the outcome. He promised to address the biggest issues facing the nation, including the pandemic, Russia’s invasion of Ukraine and the soaring cost of living. He vowed to revive the Japanese economy.

The main opposition force, the Constitutional Democratic Party, lost seats in the Upper House under its new leader, Izumi Kenta. He said, “With our party’s approval ratings still low, we need to work on ourselves, and restore support.”

The ruling coalition and two other parties, Nippon Ishin Japan Innovation Party and the Democratic Party for the People, support amending the Constitution.

Together they now control more than two-thirds of the chamber’s seats. (more)

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I ain’t gonna lie…. 

….It still hurts.

[…] Slain former Japanese Prime Minister Shinzo Abe will be laid to rest at a Tuesday funeral attended by close friends and family, according to media reports. 

Prior to the funeral, a vigil is scheduled for Monday night, but officials in Japan have not released any plans for a public memorial service for the country’s longest serving prime minister. (more)