Category WEF The Great Reset

Apr 7 2022

Is Biden also a War Criminal Bringing Civilization to a Complete Collapse?


Armstrong Economics Blog/Ukraine Re-Posted Apr 6, 2022 by Martin Armstrong

Biden has declared that “major war crimes” are now being discovered in Ukraine as Russian forces retreat from areas around Kyiv. In a total propaganda move where he just takes whatever Zelensky says at face value who is a puppet intended to create World War III because the ability of government to continue to function under Keynesian Economics is coming to an end. On top of that, Biden is desperate to change the focus from his own corruption and that of Hunter Biden hoping to change the topic. Biden is denying any independent investigation just taking the word of Zelensky who has done NOTHING but tried to create war with Russia refusing to comply with the 1991 Belgrade Agreement of Neutrality and the Minsk Agreement which was to allow the Donbas to vote on their own independence.

Biden has set in motion World War III calling Putin a war criminal which by the same standards would have applied to every president during times of war. The US has refused to address all the claims of war crimes in Afghanistan, Iraq, Syria, Lybia, etc. The US admitted to killing civilians in Kabul in a drone attack. Who is responsible for that war crime? Under Biden’s definition, he himself is also a war criminal for Kabul. That too was a brutal, cold-blooded execution-style but the US is exempt from being tried in the ICC for the US refuses to be judged for war crimes in the Netherlands.

Biden’s rationale for ratcheting up US sanctions on Moscow now targeting Putin’s daughters is outrageous. Biden said: “Responsible nations have to come together to hold these perpetrators accountable.” Biden has further increased sanctions targeting Putin’s two adult daughters. Why are they responsible for this?

Biden has DESTROYED the world economy and abused the SWIFT system that has shown it is now not independent but just a political tool. China would be absolutely braindead at this point if it did NOT set up its alternative to SWIFT. More and more countries are starting to side with Russia. Even India has seen its action of Biden as totally reckless. Biden’s constant expanding sanctions have cut off Russia entirely just as FDR did to Japan. If history repeats, I would NOT live in Washington, LA, Chicago, or New York. They can be taken out with supersonic nukes and there is nothing Biden can do to stop it. He needs to be removed from the office. Every administration has sought world peace. Biden seeks ONLY war.

There will NEVER be a return to NORMAL and only a madman would act like Biden deliberately destroying international relations that took decades to establish. You will not cause Putin to recoil, and any regime change will only lead to people behind Putin who are FAR more Neocon than Putin.

Rome lasted for 1,000 years, but it collapsed in just 8.6 years. History is repeating. Biden has been FAR WORSE than anything I personally would have speculated. The forecasts come from Socrates, not me personally. There is NO human being who would have postulated that ANY world leader would be this outrageous. Indeed, 8.6-years from the time Biden took office will be 2029.65 (August 25th, 2029).  Just as our models are warning that the French Fifth Republic will come to an end by 2030, the same is true for most Republics that will include the United States.

Apr 7 2022

There Is Something Very Troublesome About the Western Govt, Post-COVID, Rules-Based Order


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

While the western media quickly jumped from the COVID crisis to the Ukraine crisis, in the background of current events there is a lot of activity amid western government that does not look very democratic.

The word ‘autocracy‘, with all its variants, has been used a lot frequently by western government politicians as they attack the ideology of Russia, China and essentially every national leader who does not join their “rules-based order” club.  There is so much linguistic repetition from the same western leadership, it’s impossible not to see this autocracy narrative as some form of talking point that stemmed from some G7 or NATO collaboration meeting.

It does not seem coincidental the new catch phrases of “autocracy” vs “rules-based order” surfaced at the tail end of the COVID crisis, when Build Back Better shifted from a talking point into an actual set of western legislative constructs  perhaps intended to codify the emergency powers those same officials deployed.

What kind of democracy, or rules-based order mindset, was the European Commission carrying when they decried the overwhelming national election in Hungary?  Surely if the EU wanted to celebrate democracy, they would cheer for the high voter turnout that reelected Prime Minister Viktor Orban, yet they did exactly the opposite.  Apparently, some democracies are more valued than others.

At the same time the EU is clutching pearls over the results in Hungary, another western ally, Canada, is codifying the government’s emergency act power to seize property without due process.  As we are directed to be distracted by everything Zelenskyy, it might be worth noting that Ontario Bill 100 is about to permanently change the rules of permitted political protest. You can read about Bill 100 here and watch the economic debate here.

Essentially, Bill 100 gives the Canadian government the power to seize your home, finances, bank accounts and assets if you take part in any form of protest that would create economic harm to any loosely defined entity.  Protest at the border, lose your house; at least that’s the threat they are about to make into a law.

It seems rather incredulous to me that securing a corporate financial interest would override the concerning possibility of forever losing liberty and freedom for the individual citizen. However, in this new post-COVID ‘rules-based order’, that’s the official justification from the Canadian government.  Slippery slope and all that accepted, this Ontario Bill 100 is a few slides beyond the slippery.

Similar actions are taking place in New Zealand and Australia, where codifying the emergency powers of public health officials post-COVID rules, is at the forefront of their legislative and constitutional reform efforts.

Creating new era ‘rules-based democracy’ stuff is filling up the business end of western government attention in Europe, North American and the land down under.

But it’s not just Europe, Canada, New Zealand and Australia doing this.  In the United States we have a combination of new restrictions on liberty and freedom around emergency health issues in combination with J6 “threat to democracy” outcomes being created.  The J6 committee is looking at Trump supporters the way the EU commission is looking at Hungarian citizens.

Add it all up, and this new version of western democracy doesn’t look like it is based on the same principles the older version, the non-rules-based version, was using.

These new “rules of democracy” are also being overlaid by new rules for discussing democracy as found in the guidelines from the tech overlords.

Google just recently announced, in the era post-COVID, they will no longer tolerate content that “makes claims that are demonstrably false and could significantly undermine participation or trust in an electoral or democratic process.”

So, if you are to speak against the new “rules of democracy”, or the legislation that is going through the “democratic process” in the EU, NZ, AU, Canada or the United States, you can be targeted by the online Google wrong-think police.  Isn’t that convenient considering the effort to codify the totalitarian tendencies of the new “western democracies.”

If you speak against the newer version of the ‘rules-based order‘, the leaders of western democracies will enjoy protection from the internet police.  A rebellious sort, as defined by a person who still thinks independently, might say that sounds almost autocratic or something.

There was always a concern that any political leader who granted themselves extreme powers, under the pretense of the pandemic threat, would never want to relinquish that scale of control over their citizens.  Indeed, it can be argued we are seeing those concerns come to fruition with supportive action from ruling elites in the various parliamentary and congressional offices.

A wise fellow of steward-minded disposition stated today that if U.S. government officials were genuinely concerned about the welfare of Americans, they would immediately be holding legislative sessions to ramp up energy production, cut through regulatory hurdles, lower gasoline prices, seal our borders and prepare our national food stocks for a concerning global food shortage.

Perhaps, just perhaps, if a legislative body was truly representative of the citizens, they would be using a few billion taxpayer dollars to purchase or offset fertilizer costs, help farmers with diesel fuel prices and work earnestly to insure full harvests this year.

Alas, the only nation worthy of such financial consideration is a tenuously manipulated -by them- country called Ukraine.

These new western democracy rules certainly appear to be rules of priority for the few, and not rules that would be a priority for the many.   Perhaps that’s the whole point.  Maybe that’s the bigger picture.

As it appears by action and consequence, this new western, post-COVID, ‘rules-based order’ is focused exclusively on providing benefit for the self-described elites.

I wonder what will happen if the many just don’t comply?…

… Or have the autocrats thought about that with the open border rules coming May 23rd?

Apr 7 2022

Counter Move, Hungary Will Pay for Russian Energy in Rubles if Russia Asks


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

Hungarian Prime Minister Viktor Orban was overwhelmingly reelected last weekend {LINK}, despite the massive efforts against him by the European Union, western and euro-centric multinational globalists.   Brussels was furious at the Hungarian people.

The European Commission responded to the election by announcing they would fine Hungary €5 billion {LINK} for not following the ideology of the collective New World Order and western democratic norms.  The EU intent is to punish Hungary for perceived transgressions against the European order.

Delivering another blow, while pushing back against the EU, Western Alliance and NATO today, Hungarian Prime Minister Viktor Orban said Hungary will purchase Russian energy in rubles.  With the overwhelming support of the Hungarian people behind him, Prime Minister Orban is not going to be kowtowed by Brussels pressure.

BUDAPEST/LONDON, April 6 (Reuters) – Hungary said on Wednesday it was prepared to pay rubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow’s demand for payment in the currency.

Hungary will pay for shipments in rubles if Russia asks it to, Prime Minister Viktor Orban told a news conference on Wednesday in reply to a Reuters question.

Russian President Vladimir Putin has warned Europe it risks having gas supplies cut unless it pays in rubles as he seeks retaliation over Western sanctions for Moscow’s invasion of Ukraine.

[…] Hungary’s Foreign Minister Peter Szijjarto earlier said that EU authorities had “no role” to play in its gas supply deal with Russia, which was based on a bilateral contract between units of Hungarian state-owned MVM and of Gazprom.   The European Commission does not comment on declarations from national authorities, a spokesperson said.  (read more)

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Apr 7 2022

Twitter Suspends Former U.N. Weapons Inspector for Questioning Ukrainian Government Claims of War Crimes


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

A quote attributed to George Orwell states, “In a time of universal deceit, telling the truth will be a revolutionary act.”  It appears that quote was considerably prescient as Big Tech and the U.S. intelligence apparatus collaborate to retain their narrative.

Former U.N. Weapons Inspector Scott Ritter has been suspended from Twitter for questioning the transparently sketchy circumstances around Bucha, Ukraine.

Regardless of your position on the Ukraine -vs- Russia conflict, the larger concern is the manipulation of information in an increasingly totalitarian era. The entire premise of democracy, speech and open debate is being undermined by the collaboration of tech platforms and the U.S. intelligence apparatus.

In this era of new “democratic norms”, trust in the institutions of government has collapsed.  As social media platforms increasingly align their efforts with those collapsing institutions, the battle for your mind carries deadly consequences.  Think, while it is still permitted.

Apr 6 2022

Macron & the April 10th Election


Armstrong Economics Blog/France Re-Posted Apr 6, 2022 by Martin Armstrong

On April 10, the election in France will take place, and Macron is ahead for now with 27% of the vote. But Macron has been using his position as the European Union bloc’s president for six months. Macron has cleverly used this position as a powerbase toward a reelection bid by not merely pushing for a strong EU government, and surrendering French sovereignty to Brussels, but he has been using the Ukrainian crisis to justify his return to power.

Macron’s remarks have been closely watched at home as he is strategically using his EU position to win reelection. Macron has stated that he wants to add changes to the charter of fundamental rights of the European Union to make it “more explicit about environment protection and the recognition of the right to abortion” in an effort to “breathe new life” in Europe’s democratic values. He is also pitching a minimum wage or a “decent” minimum salary across the EU bloc and moving on reducing “inequalities” by fighting discrimination, which is the pitch of the World Economic Forum as to WHY a Great Reset is needed.

Macron has also said it’s time for the EU to “take action” to meet its environmental ambitions, including the bloc’s commitment to reach climate neutrality by 2050. That too is from the World Economic Forum agenda.

Macron also called on the EU to quickly draw up a new security plan to ease tensions with Russia. Many have seen Macron as using his position not to promote EU policies, but to boost his candidacy rather than caring about EU issues. Most of the opposition has pointed out his failure with dealing with the massive migration into Europe. He had 5 years to deal with that and has done nothing.

For now, Macron is basking in the limelight of Zelensky and the threat of Putin to Europe. But our model shows that this will be the last president to be elected in the Fifth Republic of France. Jacques Chirac (1932–2019) was elected in 1995 initially as a Gaullist, but he turned Neo-Gaullist, and thus the slippery slope of France began. We will see a new government emerge by 2030. The risk of a European war will be at its peak in 2027. There will be NO return to normal!

Remember, Rome lasted for 1,000 years, but it collapsed in just 8.6 years.

Apr 6 2022

Danish Politician Advises EU Residents to Avoid Long Showers


Armstrong Economics Blog/Energy Re-Posted Apr 6, 2022 by Martin Armstrong

Danish Politician Margrethe Vestager is utterly uninformed about the true factors surrounding rising inflation among the 19 counties in the European Union (EU). According to EU politicians, the only problem is Russia, and the only solution is for the people of the EU to continue sacrificing their quality of life.

“Everyone is asking what I can do. You can do two things: control your own and your teenagers’ showers. And when you turn off that water, you say — “Take that Putin!” Vestager stated, declaring that limited hot showers, a simple pleasure in life, could be an act of unity with Ukraine. Putin will not ask his troops to retreat because you let your hygiene decline. This is another measure to punish the people for the ignorance of politicians.

Germany’s economic minister Robert Habeck went as far as denying the supply chain crisis. “There are currently no supply shortages,” Habeck remarked. “Nevertheless, we must increase precautionary measures in order to be prepared in the event of an escalation on the part of Russia.” Instead of making any attempt to become less reliant on Russian energy, the politicians are simply asking the people to consume less energy. Consuming less is not a solution. It is an insult to the people living within the European Union who had no say in voting for the decision-makers in charge who are sending the entire bloc into a downward spiral.

Apr 6 2022

Joint Chiefs Chairman, General Mark Milley, Sees Ukraine as a Long-Term Protracted Battle


Posted originally on the conservative tree house on April 5, 2022 | Sundance

April 5, 2022 | Sundance | 152 Comments

In the lead-in to the Russian invasion of Ukraine, all of the U.S. involvement in the country was operated by bureaucrats and politicians from the U.S. State Dept, CIA, Intelligence Community and Senate.  The Pentagon played a far lesser supportive role.

As a consequence of that previous investment, the current U.S response to the Russian “special military operation” has been spearheaded by the same DoS officials, intelligence agencies and politicians.  The Ukraine engagement is a political operation using NATO and western allies.   As we saw in the Afghanistan withdrawal, the Pentagon is a tool for the politics.

The division between the two interests (Pentagon vs State Dept) surfaces most quickly and easily when things SNAFU, and the blame casting begins. That’s when the division becomes noticeable to the public.  The important point to remember is this… despite the involvement of NATO in the current Ukraine response, it is not the Pentagon calling the shots, it’s the state dept.

Earlier today, Army Gen. Mark Milley, Chairman of the Joint Chiefs of Staff, told the House Armed Services Committee “[Ukraine] is a very protracted conflict.”  Milley anticipates many months, if not years, of combat fighting inside Ukraine as Putin carves out the eastern side of the country permanently.

According to Milley, “I think it’s at least measured in years… this is a very extended conflict that Russia has initiated. I think NATO, the U.S., Ukraine and all of the allies and partners supporting Ukraine are going to be involved in this for quite some time,” he said.  The nature of Milley’s remarks outlines what will likely become an insurgency/proxy war funded by the United States for years against Russia.

As much as JC Milley is a political figure, Milley is operating his role under the assumption and direction of what the State Dept is creating.  As a consequence of that long-term conflict prediction, the Pentagon is recommending several new rotating military bases for U.S. troops in eastern Europe.

It is also critical to recognize what is not being said by those same DoS and U.S. intelligence officials.  The absence is deafening. What is not being advanced is any discussion of a diplomatic resolution or negotiated settlement.  Milley’s defense request is predicated on a position that no diplomatic solution will be advanced.  This is a key part of both General Milley and Defense Secretary Lloyd Austin’s testimony.

Ukraine cannot fight without the United States sending money and weapons.  Combine that with Austin and Milley’s statements about Ukraine, and what you quickly see, albeit undiscussed in media, is that a long-term war is baked into this cake.  The United States will not allow Ukraine President Volodymyr Zelenskyy to enter negotiations with Vladimir Putin.

When we review western media statements about Putin not willing to enter “peace talks” with Zelenskyy, keep the testimony from Milley and Austin at the forefront of your mind.

Why would Putin enter any negotiations with Zelenskyy, knowing the U.S. position is to carry out a long-term insurgency war in Ukraine against Russian military forces?   What would be the purpose of Putin talking with Zelenskyy when the U.S. is openly saying the Ukraine military will be used by the State Dept. to maintain a conflict against Russian forces?

Russian President Putin knows the only group he could negotiate with are in the United States.   However, that truth would expose the puppet strings, so the United States government must play the pretend game.

The position of Volodymyr Zelenskyy as a puppet to the U.S. State Dept and Intelligence Community interests, is inherent in the Pentagon position.  If Zelenskyy was free to make decisions, Austin and Milley could not be so assured as to put a timeline on the Ukraine conflict.

This context becomes increasingly important as we look at how the media are positioning all resources to support a protracted war.  Anyone who is not 100% pro war in Ukraine, for whatever length of time the DoS/IC determine is needed, is immediately cast as a Putin apologist.

This war emanated from the bowels of politics via U.S. political influence in Ukraine to the extreme.  This level of U.S. involvement in Ukraine ultimately triggered Putin to say enough, and he started the “special military operation.”   In many ways the operation is not so much against Ukraine – but more against the U.S. involvement in supporting Ukraine against Russia.

Because it started from political origins, the Ukraine conflict will continue to be run from the nerve center of U.S. politics, the U.S. State Dept, the U.S. Senate, and CIA operations.  The actual Pentagon involvement will be transport and logistics for State Dept military operations.

Do you remember when the DoS Benghazi mission was attacked, and the Pentagon had no idea there was even a U.S. operational mission taking place in eastern Libya?  That same “Operation Zero Footprint” disconnect is what I am describing above.  It’s likely the Pentagon has very little idea what the State Department and CIA are doing in Ukraine right now.

This context is also why the propaganda around Ukraine in the United States has been so critical and important.  We will see this level of propaganda continue so long as it is the DoS/CIA running the western response to the war.

What makes this conflict a little more interesting, is the need for the U.S. to control the information.  We have seen the initial first phases of their control with Big Tech saying they will not permit anything that does not follow the official U.S. government narrative on social media.

Additionally, the State Department launching their own cyber-control division is an extension of this same intent.  They are planning for the long-term usefulness of Ukraine as a proxy battle against Russia.

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Websites like CTH, who talk honestly about the background of what is happening in Ukraine, may eventually need to start using coded language in order to share information.  There are trillions at stake, and the people who control the events are not going to permit too much exposure.

Apr 6 2022

EU Commission Triggers Financial Sanctions Against Hungary for Electing Wrong Candidate


Posted originally on the conservative tree house on April 5, 2022 | Sundance 

The insufferable claims of “democratic norms” from the European Union are laughable in their construct.  While sitting atop their elitist perches preening philosophically about values and democracy, the ruling globalist elites in Brussels are now going to trigger €5 billion in punitive sanctions against Hungary because the citizens overwhelmingly voted for an unapproved European candidate to be their national leader.

Does that sound like a European Union embracing democracy or a democratic outcome from a national election?  Of course not, because the European Commission is not based on any bottom-up form of democracy, the EU is a totalitarian assembly of selected and installed corporate elites who abhor democracy in the same way the multinational corporations abhor competition and free markets.

After the globalist elites, World Economic Forum and EU failed in their efforts to influence the election, the reelected Hungarian Prime Minister Viktor Orban and the people of Hungary will now be punished for perceived transgressions against the European order.

(Euro News) The European Commission has notified Hungary that it is triggering the conditionality mechanism over rule of law breaches, opening the door to financial sanctions.

“The Commission has today spoken to the Hungarian authorities that we will now send a formal letter to start the conditionality mechanism,” Commission chief Ursula von der Leyen told MEPs on Tuesday afternoon.

Earlier in her address, Von der Leyen had said that the Commission required Budapest to implement reforms to tackle corruption. However, she noted that the two sides have “not been able to find common ground”.  […] The announcement comes just two days after Viktor Orban, Hungary’s nationalist-populist leader, won a fourth consecutive term as prime minister. His Fidesz party secured 53% of the vote and a two-thirds “supermajority” in parliament. (read more)

As noted by The Guardian – “On Monday, Putin offered his congratulations to Orbán, who is a long-term Kremlin ally, despite Hungary’s support for EU sanctions against Russia. “Despite the difficult international situation, the further development of a bilateral partnership fully accords to the interests of the peoples of Russia and Hungary,” a Kremlin statement said.

Britain’s Nigel Farage, France’s Marine Le Pen and Italy’s Matteo Salvini were also quick to congratulate Orbán. “When the people vote, the people win,” tweeted Le Pen, the French far-right leader, who is vying to unseat Emmanuel Macron as president in imminent elections.  EU leaders were conspicuously silent.” (read more)

The Aftermath…

Apr 5 2022

Bucha – the False Flag to Cross the Rubicon


Armstrong Economics Blog/Ukraine Re-Posted Apr 5, 2022 by Martin Armstrong

We are crossing the Rubicon but this time it is not to free society from a corrupt Senate, it is the Corrupt Senate determined to create a New World Order by destroying everything familiar about the society we now know. As always, it is difficult to separate truth from sheer hatred that has engulfed the world thanks to Zelensky and our insane President Biden. The DOUBLE STANDARDS are so in-your-face corrupt that it is hard to ignore comparing Vietnam & Ukraine.

A suburban avenue in Bucha became one of the first graveyards in Russia’s attempt to encircle Kyiv in the face of Zelensky’s refusal to negotiate in good faith. The Russian tanks and armored personnel carriers moved through the town of Bucha on their way to the city of Kyiv. The convoy was destroyed in one of the first of many Ukrainian ambushes that stopped the Russian advance. While Zelensky points to civilian casualties, he takes no responsibility for arming civilians and telling them to first professional Russian soldiers.

Biden on Monday called for a war crimes trial against Putin following reports of the mass killing of Ukraine civilians by Russian troops in a suburb of Kyiv. Of course, there is no proof that this is just not another false flag by Zelensky who is determined to destroy the world for make no mistake – this is the end result.

Biden yelled: “He‘s a war criminal,” when asked about the reports of Ukraine civilians being slaughtered allegedly by Russian troops in Bucha, which sits northwest of Kyiv, the Ukraine capital. Biden added: “This guy is brutal and what’s happening in Bucha is outrageous and everyone’s seen it.” Biden WANTS TO TAKE THE WORLD INTO WAR WHERE MILLIONS WILL DIE. He is pushing for war, never peace, with every breath he takes. “I think it’s a war crime,” Biden said. “He should be held accountable.”

“You may remember, I got criticized last month for calling Putin a war criminal,” Mr. Biden said. “Well, the truth of the matter is you saw what happened in Bucha. This warrants him — he is a war criminal.”

Calling Putin a war criminal is outrageous. The same standard could have been applied then to President Johnson simply be he too authorized the Vietnam War of fake news. The Mỹ Lai massacre was the mass murder of unarmed South Vietnamese civilians by United States troops in Sơn Tịnh District, South Vietnam, on March 16th, 1968 during the Vietnam War. They were UNARMED and were not ambushing Americans. Between 347 and 504 unarmed people were killed by U.S. Army soldiers.

The difference there was that the Mỹ Lai massacre victims included men, women, children, and infants. Some of the women were gang-raped and their bodies mutilated, as were female girls as young as 12. Twenty-six soldiers were charged with criminal offenses, but only Lieutenant William Calley Jr., a platoon leader in C Company, was convicted. Found guilty of murdering 22 villagers, he was originally given a life sentence but served three-and-a-half years under house arrest never went to prison, and had his sentence then commuted.

Biden wants now the US to invade Russia, capture Putin, and put him on trial in International Criminal Court which the US refuses to join so no American can ever be tried for a war crime. The list is endless for all the war crimes by the United States in Afghanistan. Iraq, Lybia, Syria, and Pakistan, but the US will NEVER allow any American to be tried for a war crime. The American press will not tell the truth about how the US exempts itself from war crime allegations and trials. This has added to the image of the United States is seen as arrogant and hypocritical.

Biden’s demands to try Putin as a war criminal is now the final straw. This means there will be NO World Peace. Biden is out to commit American genocide to commit American troops brainwashing them that they are fighting for some noble cause. This is all about destroying our world so he and Klaus can BUILD BACK BETTER and achieve their New World Order. You cannot BUILD BACK BETTER until you destroy everything first.

Was Bucha a FALSE FLAG EVENT? There is little doubt that we will NEVER know the truth because Zelensky and Biden have guaranteed that this will be the battle cry to destroy the world. It is very convenient – too convenient if you ask me. The talk behind the curtain is that Biden will require a digital ID when he implements food rationing as part of our necessary war against Putin.

Zelensky’s hatred has now set the world on its course. I warned that he would be the man to create World War III. Our computer targeted Ukraine as the spot where it would begin back in 2013. I wish these things were just my opinion for there would be a 50/50 chance I am wrong. We have crossed the Rubicon – the point of no return. Our models for the Decline and Fall of the United States we published back in 1985 was that it would begin cyclically with the 46th president. Hello – he is here!

Apr 5 2022

Eurozone Inflation and ECB Incompetence


Armstrong Economics Blog/European Union Re-Posted Apr 5, 2022 by Martin Armstrong

According to Eurostat, the European Union statistics company, inflation in Europe rose to a new all-time high in March after advancing by 7.5%. This surpassed the high of 5.9% set in February and marks the fifth consecutive month of inflation in the Eurozone. Europe’s reliance on Russian energy has resulted in a 44.7% uptick in energy prices in March after rising 32% the month prior. Food prices rose 5% in March as increased costs for suppliers are passed down to consumers. The price of goods such as clothing went up 3.4%, while services advanced 2.7%.

The US and Britain have both raised rates in a too little, too late effort to combat inflation. Will the European Central Bank (ECB) follow suit? The ECB voted to maintain the 0% benchmark rate during their March meeting. ECB president Christine Lagarde is in no rush to raise rates.

The ECB moved to negative rates in 2014, and 2022 is now representing 8.6 years since that detrimental decision and we are seeing everything hit the fan. This entire Great Reset is now due to the fiscal mismanagement of governments and central banks. Those who still think there will be some return to normal finance are no doubt those wearing masks and lining up for booster shots every six months.

The central banks are keenly aware that they cannot stimulate economic growth, although they will not state that publicly. The wheel of fortune has completed its revolution.