Category WEF Vaccine Mandate

Sep 8 2022

British Pound Falls to 37-Year Low


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

The Bank of England has admitted defeat, admitting they cannot prevent a recession. The pound fell to the lowest level against the USD on Wednesday afternoon after declining 0.64% to $1.145. When asked if the central bank could prevent the next recession, Governor Andrew Bailey was blunt in his answer. “Insofar as the war is having this huge effect, the answer to that would be no.”

I touched more on the decline and fall of Britain on the private blog last week. Socrates agrees with Bailey’s pessimistic stance. Inflation has surpassed 10% in the UK, and food and energy costs are expected to rise continually. The Bank of England now projects that the economy will shrink during Q4 2022, and the decline will continue until the end of 2023. Our models state that the decline will last longer than they expect.

If the new PM Truss is any indication of where policy is heading, Britain is in big trouble. Central banks do not like to admit defeat either. Look how Powell carefully changed his stance over the course of the year in terms of inflation. He did not want to create a panic by telling the public that they were screwed. The BoE has no other choice but to be brutally honest. The heads of central banks are now coming forward to offer their condolences for an issue they helped to create with artificially low rates. The BoE is still in better shape than the ECB, but that is not saying much.

Sep 8 2022

EU Commission Announces 5 Point Plan for Energy Crisis, Including Increased Imports of U.S. Natural Gas Driving Up Prices for U.S. Consumers


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

According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK).  Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe.

Consider that 43% of U.S. households use LNG for home heating, and power suppliers use LNG to create electricity.  With the massive 2022 exports of LNG to Europe (+17% in fourth quarter alone), that means lower domestic supplies and increased prices here in the United States for electricity and home heating.  We are seeing and feeling these massive price increases right now. As a result, consider this reality….

Not only are U.S. taxpayers directly paying for the majority of costs in Ukraine, but we are also subsidizing the European Union by exporting LNG and driving up the price here at home.

We are directly paying Ukraine, and indirectly paying Europe to maintain gas sanctions against Russia.  This is the reality of the current situation as created by the Biden administration.

Now, consider this.  The President of the European Commission, Ursula von der Leyen held a press conference in Brussels today, announcing five initiatives to contain the expensive EU energy crisis: “The goal is clear. We must cut the revenues of Russia that Putin uses to finance this atrocious war against Ukraine. And now our work is paying off. At the start of the war, gas from Russian pipelines accounted for 40% of all imported gas. Today it has dropped to only 9% of our gas imports. These are tough times. But I am convinced that Europeans have the economic strength, the political will and the unity to maintain the upper hand,” she said.  The United States and Norway are the primary suppliers of gas to the EU to fill the void.

Commissar von der Leyden’s five initiatives include:

(1) Conservation of electricity through forced and mandated cuts in electricity use.  The amount of the cut has yet to be determined but reducing demand through forced curtailment of electricity use is the first approach.  [Insert California as an example here in the United States.]

(2) A cap on the profit generated by energy suppliers who use renewable energy like wind and solar.  The renewable industry has lower costs, yet they are profiting from the top line increase in delivered electricity.  The EU commissar is proposing to confiscate the profits of Green Energy suppliers, direct the funds to the member states and then use those funds to subsidize the energy costs of poorer EU citizens.

(3) A cap on the profits generated by traditional fossil fuel energy suppliers (oil, coal, nuclear, gas electricity generation), and the diversion of those profits following the same formula as above.

(4) Banking support and financial liquidity for smaller regional energy providers who are having short term financial issues as they must pay massive amounts of money for the raw material needed to generate electricity.  Essentially, the cost of coal, oil and LNG has skyrocketed, and there is a lag between the time they energy company must pay for the fuel source and the time the customer pays the electricity bill.   The inbound fuel costs (new) are so extreme the inbound payments for prior electricity (old) are not covering the cost of the new supplier purchase.

(5) A price cap on Russian natural gas.  To accompany the increased import of Norwegian and U.S. gas.  This sounds like a bizarro effort to manipulate the market which could backfire.  If Russian gas is cheaper than EU market gas, the smart energy providers will purchase the Russian gas.

Not a single word about increasing the supply of any traditional energy resource.  These ideologues are so committed to the cult of climate change and renewable energy, they are intent on destroying the economy in order to lower demand to the level of their windmills and solar farms.  This is madness, absolute madness.

Here’s the presser:

https://youtube.com/watch?v=rV6X79U9J3o%3Ffeature%3Doembed

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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)

Sep 7 2022

Two More EU Aluminum Smelters Going Offline Due to Excessive Energy Costs, Aluminum Shortages Predicted


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

On one hand losing the ability to manufacture aluminum is bad news for any economic activity that requires the use of aluminum.  However, on the other hand, this politically guided ‘new world’ we are going toward doesn’t need aluminum, because you cannot eat it.

Predictably 2023 is going to be the beginning of several ‘Build Back Better’ decades where the ownership of material things disappears.  When your wages are focused on sustaining yourself with housing, food and energy, all of those other purchases become mere indulgences.

Sustainable life in equity with the needs of the planet, means returning to the era when you received an orange or a piece of chocolate as a Christmas gift, and you are thankful. Cars, appliances, phones or other types of luxury durable goods are indulgences which become out of reach for the worker class.  Thus, removing smelters, iron works, factories and other heavy industrial machines only makes sense.

As meager wage earnings are focused on purchases to sustain life, there is little room for indulgences.  As the World Economic Forum has stated, we will own nothing and we will be happy.  Happiness experiences will be provided and the virtual metaverse will fill our needs.

LONDON, Sept 1 (Reuters) – Two more European aluminium smelters are powering down as the region’s energy crisis shows no signs of abating.

Slovenia’s Talum will reduce output to just a fifth of capacity and Alcoa (AA.N) will curtail one line at its Lista plant in Norway.

Close to 1 million tonnes of European primary aluminum capacity is now offline and more may follow as a notoriously power-hungry sector struggles to cope with soaring energy costs.  (read more)

Again, I return to the imagery surrounding our foundational questions, and hopefully things are starting to make sense.

Sep 7 2022

Russia Shuts Down Nord Stream 1 Gas Pipeline, Gasprom Sends out Eerie Video ‘Winter is Coming’


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

Well, it looks like it’s official now. After several days of sporadic reporting on Russia’s decision to shut down the Nord Stream 1 natural gas pipeline into western Europe, it looks like the valves have been shut down until EU sanctions against Russia are removed.

Strategically the Nord Stream 1 pipeline is the major gas supply route into Germany, Europe’s largest economy. As noted by Reuters, “European gas prices, as measured by the benchmark Dutch TTF October gas contract, rose by as much as 30% on Sept. 5, amid growing fears of a total shutdown of Russian pipeline imports ahead of the European winter.”

Europe was already going into a deep economic recession due to inflation created by pre-existing green energy policy.  The Nord Stream shutdown will make things exponentially worse as energy prices skyrocket.  The Russian owned energy company Gasprom sent out a video that can be best described as psychological warfare.  WATCH:

https://youtube.com/watch?v=n2b_0gfV_4E%3Ffeature%3Doembed

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Sep 7 2022

Wow, Europe Household Electric Bills Estimated to Jump by $2 Trillion Next Year, That’s 12% of Their GDP


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

What is predicted to happen in Europe is just stunning, literally stunning.

♦Context – According to official data from the World Bank, the combined Gross Domestic Product (GDP) of the European Union was just over $17 trillion US dollars in 2021. That is the last calculated measure.  The combined GDP value of European Union represents roughly 12.78 percent of the world economy.

According to analysts for Goldman Sachs, the current energy crisis in Europe has increased electricity prices at a rate that is increasing almost daily.  Within the data it is now estimated that households within the EU will pay an additional $2 trillion for electricity in the next year.

Put that $2 trillion into context with their GDP, and that scale of energy cost would be wiping out 12% of the purchasing strength within the total EU economy.  Forget about buying anything else, if this analysis is correct Europeans will be buying food and energy, nothing else.

If you consider what that means, it is bordering on full economic collapse of western Europe.

What is being described above is what we posited when we outlined the impact of the “Energy Economy” {Go Deep}.  When you suck 12% of the purchasing power out of an economic engine simply to maintain the status of current energy use, everything else starts to collapse.

Also keep in mind we are only talking about the direct impact of $2 trillion in electricity cost.  The downstream consequence is far greater because everything created, produced, or manufactured, including food, is dependent on electricity – which will drive the final cost to produce of all those products even higher.

The damage is almost unimaginable in scale.

[Fortune] – European households should brace for an expensive winter owing to the continent’s deepening energy crisis that will likely send electricity and heating bills soaring.

Energy affordability in Europe is reaching a “tipping point” that could peak next year, with total spending on bills across the continent growing by 2 trillion euros ($2 trillion), a Goldman Sachs research team, led by Alberto Gandolfi and Mafalda Pombeiro, said in a note published Sunday.

Many European households are already feeling the bite of a steadily worsening energy crisis, brought on by Russian natural gas producers intermittently pausing flows along the critical Nord Stream pipeline following Western sanctions this year.

Energy bills at some restaurants and coffee shops have already more than tripled this year, but with threats looming that natural gas supply from Russia could become even tighter as the Ukraine War rages on, analysts warn that Europe’s coming struggles are set to rival some of the worst energy crises on record.

“The market continues to underestimate the depth, the breadth, and the structural repercussions of the crisis,” the Goldman Sachs analysts wrote. “We believe these will be even deeper than the 1970s oil crisis.” (read more)

The economic contagion will not be isolated to Europe.

The impacts to the social fabric are also almost unquantifiable in scale.

Example: What happens to migration patterns when economic migrants are now considered a threat to scarce resources?

While the US is not quite in the same level of energy desperation, what we were discussing last week is an example of the problem we too may face.

Let’s say you are an average USA Main Street household with an income around $100,000/yr, and you now face an increase in electricity rates from $300 to $500 due to Joe Biden’s new national energy policy known as the Green New Deal.  That’s $200 more per month for this initial economic/energy “transition” moment.

That extra $200/month equates to $2,400 per year.

That $2,400 per year is static economic activity.  Meaning nothing additional was created, and nothing additional was generated.  The captured $2,400 is simply an increase in the price of a preexisting expense.

Take that expense and expand it to your community of 100 friends and family households.  The $2,400 now becomes $240,000 in cost that doesn’t generate anything.  $240,000 is removed from the community economy.  $240,000 is no longer available for purchasing other goods or services within this community of 100 households.

The economic purchasing power of the 100-household community is reduced by $240,000 per year.

Take that expense and expand it to your county of 10,000 households.  Now you are reducing the county economic activity by $24 million.  In this county of 10,000 households, $24 million in economic transactions have been wiped out.  Meals at restaurants, purchases of goods and services, or any other spending of the $24 million within the county of 10,000 households (approximately 25,000 residents) has been lost.

Now expand that expense to a larger county, quantified as a mid-size county, of 50,000 households.  The mid-sized county has lost $120 million in household economic activity, simply to sustain the status quo on electricity rates.  Nothing extra has been generated. $120 million is lost.  The activity within the county of 50,000 households shrinks by $120 million.

Expand that expense to a large county of 100,000 households, and the lost economic activity is $240 million.

Expand that expense to a small state of 1 million households (2.5 million residents), and the lost economic activity is $2.4 billion.

Expand that expense to a state with 5 million households (approximately 12 million residents) and the economic cost is $12 billion in lost economic activity unrelated to the expense of maintaining the status-quo on electricity use.   This state loses $12 billion in purchases of goods and services, just to retain current energy use.

These examples only touch on household expenses.  The community, county and state business expenses for offices, supermarkets, stores, etc. are in addition to the households quoted.

Meanwhile the Gross Domestic Product (GDP) of the community, county and state, remains static because the GDP is calculated on the total value of goods and services generated in dollar terms.  The appearance of a static GDP is artificial.  In real Main Street terms, $12 billion in economic activity is lost, but the price or increased value of electricity hides the drop created by the absence of goods and services purchased.

Fewer goods and services are purchased and consumed.  However, statistically the inflated price of electricity gives the illusion of a status quo economy.

Now expand that perspective to a national level and you can see our current economic condition.

All of this is being done under the justification of “climate change.”

Previously I would have said this level of economic impact in Europe would lead to a total revolt against the government.  However, with the backdrop of the recent COVID lockdowns and government control mechanisms in mind, and looking at the citizen compliance that took place in response to those government mandates, it is now more likely the citizens in Europe will simply bow to the energy control mechanisms of the governing authority.

It’s almost as if the COVID compliance effort was the test…

Sep 6 2022

Liz Truss Becomes PM – Dark Day for Britain


Armstrong Economics Blog/BRITAIN Re-Posted Sep 5, 2022 by Martin Armstrong

Liz Truss has been made Prime Minister of Britain. This was expected, but also the darkest day possible for Britain. Previously, UK Defence Secretary Ben Wallace had backed Liz Truss’ view that Russian forces must be pushed out of “the whole of Ukraine” – and suggested this should include Crimea. Even the Guardian at the time had accused Liz Truss’ position was “recklessly inflaming Ukraine’s war to serve her own ambition.” Meanwhile, in Russia, this was playing out on TV endorsing World War III.

Everything that can possibly point to war is unfolding before our eyes. There are no peacemakers left in the world. Every leader appears to be pushing for war because the monetary system is cracking. Those who think that Russia starting its own gold market will eliminate the manipulations in London do not understand what is taking place. This is the dividing of the world economy that simply follows removing Russia from SWIFT and joining with China to make CIPS the leading global platform for international commerce. This is not about gold prices in Russia v London. This is about the end of GLOBALIZATION and the world economy so carefully constructed post-WWII.

The leaders in the West have been borrowing year after year with no intention of ever paying anything back The lowering of rates to negative in Europe in 2014 undermined the pension funds in Europe as they are effectively insolvent in most cases if they stuck to Euro debt. The Scandinavian funds are outside the Euro and while some struggled to pretend to be “green” they did their best to limit those losses.

When we look at British Politics, it appears that there will be a big shift in 2025. Look off to 2031. That is where the computer is picking up a Panic Cycle, which is corresponding to 2032. As I have warned, the risk of international war appears to be unfolding post-2024. And as far as that inflation goes, it looks like all the sanctions on Russia have backfired. Yet no Western politician will dare tell the truth. And they are now going after farmers? We are staring at serious civil unrest rising globally next year for these brain-dead WOKE politicians who are destroying our way of life.

Sep 6 2022

British News Broadcaster ITV Creates Gameshow for Desperate Viewers to Win Chance to Have Energy Bills Paid


Posted originally on the conservative tree house on September 5, 2022 

Yes, it’s like something out of a dystopian ‘hunger games’ movie, except it is unfortunately real life.  ITV News in Great Britain is running a wheel-of-fortune type marketing campaign where desperate viewers can call in for an opportunity to spin the wheel and win having their energy bills paid.

Comrades, it is not a spoof, this actually took place today and it looks like it will continue due to popular demand.  UK citizens are facing astronomical increases in energy bills as a result of the EU green climate change agenda in combination with Russia halting the export of natural gas.  The price of natural gas increased 30% today alone as Russia cuts off supplies completely.  Europe is on the brink of the worst economic recession in history.

ITV steps in with a promotional effort that shows just how bizarre this Build Back Better future has become.  Perhaps next week viewers might be able to call in for a chance at winning extra food rations, chocolates or even gasoline.  Here’s a video to show what is happening.  WATCH:

https://youtube.com/watch?v=rC7O8LISY48%3Ffeature%3Doembed

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Good luck comrade citizens, you too could be a winner on the wheel of survival.  It’s all in good fun comrade. Smiles everyone, smiles.

Sep 6 2022

Angry Joe Biden Shouts He Beat Big Pharma This Year, by Providing them Billions and Forcing their Vaccinations on Americans


Posted originally on the conservative tree house on September 5, 2022 | sundance

Joe Biden was in Milwaukee, Wisconsin today, to shout at forcibly assembled union workers and celebrate Labor Day.  In the middle of his prepared remarks to the crowd at Laborfest, where labor unions and their members gather annually, Biden exploded in an angry rant proclaiming he had defeated Big Pharma this year.

Even if you overlook the unstable nature of the delivery, it is somewhat of an odd outburst given the fact that his administration gave tens of billions to Big Pharma in the past 20 months, forced American workers to accept Big Pharma vaccines, and facilitated the biggest windfall profit for Big Pharma in history.   If that’s what Joe Biden considers “beating big pharma,” well, I certainly can’t fathom what winning would look like.  WATCH:

https://youtube.com/watch?v=hNY7TzD34lU%3Ffeature%3Doembed
Aug 24 2022

The Country with the Highest Mortality Rate in Europe


Armstrong Economics Blog/Conspiracy Re-Posted Aug 24, 2022 by Martin Armstrong

The average death rate in June across the European Union was 6.2%. Portugal experienced a 23.9% uptick in deaths this June compared to the same period throughout 2016 and 2019. Between 2016 and 2019, Portugal was averaging 276 deaths per day. By June of last year, this figure spiked to 341 people per day with 10,217 perishing in that four-week period.

Portugal is the second most vaccinated country in Europe, behind Malta. The aging population over 85 has the highest rate of mortality, naturally, but there have been fewer deaths among people aged 65 to 84. There have been 5,781 COVID-related deaths in the nation this year, but excluding COVID deaths, total mortality still rose by 5%. Infant deaths have sadly increased over the past year as well from 107 to 142.

The Ministry of Health is conducting a study to determine the cause. The agency said they were paying special attention to deaths “that coincide with the greatest intensity of COVID-19 and heat.” Yet, the mortality rate was on the rise between February and April before the heatwaves swept across Europe. Additionally, deaths not attributed directly to COVID are on the rise, so neither heat nor COVID could explain the uptick. Could the high vaccination rate be to blame? The government will likely never reveal the truth, but one variable that certainly has changed is the high vaccination rate.