Category World Economic Form

May 10 2023

US City to Roll Out Guaranteed Basic Income


Armstrong Economics Blog/USA Current Events Re-Posted May 10, 2023 by Martin Armstrong

The “Rise Up Cambridge: Cash Payments for Families with Kids” will provide low-income households with a monthly check for $500 to test guaranteed basic income. Those eligible are families with children who earn under 250% of the federal poverty level ($75K for a family of four). The 18-month program will not be based on a lottery like other guaranteed basic income rollouts, and anyone eligible may apply. The city has allotted $22 million for the initiative and expects around 2,000 families to apply.

The money to fund the program will primarily come from the American Rescue Plan, distributing our Federal tax dollars to others, and some independent donors will pitch in too. This program is only eligible for people with children under 21 and will not make a noticeable dent in the homeless population, nor will it help the elderly who live alone. That said, families with children already receive the most in Federal funds and if they’re living in high-cost Cambridge, chances are they’re receiving income elsewhere. The cost of living in Cambridge is 73% higher than the national average. The median rental price is around $4,277 per month, and the median home price is over $1.4 million.

“We want to stabilize as many households as possible and make sure that they have a chance to continue to stay in our city that, you know, is not easy to stay in,” Cambridge Mayor Sumbul Siddiqui stated. A $500 payment in a high-cost city will never financially stabilize families. Instead, it will increase inflation and bypasses the middle class. Unlike traditional welfare programs, those eligible will receive direct deposit payments that they may spend as they see fit.

The American Rescue plan was not marketed as a guaranteed basic income initiative. Siddiqui is buying votes with Federal funds. The city is pricing out the middle class by providing handouts to those who cannot afford to live in an expensive city. Free money becomes like a drug and the people become hooked on receiving that monthly direct deposit. But, as with all drug, they will become dependent and will need more and more as the cost of living increases. This will only incentivize people to not work and vote for politicians who promise handouts at the expense of responsible taxpayers.

May 7 2023

Week in Review: Kremlin Bombing “False Flag” Allegation, Fox/Tucker Fallout, & Dems Rig Election for Biden, w/ Michael Tracey | SYSTEM UPDATE #82


Glenn Greenwald Streamed originally on Rumble on: May 5, 7:40 pm EDT

May 7 2023

5.6.23: CPAC Hungary MSG, Fall of the CROWN, EPSTEIN, TUCKER, Title 42 PRAY!


By And We Know Posted originally on Rumble Streamed on: May 6, 1:42 pm EDT

May 5 2023

The Great Reset King


Armstrong Economics Blog/Tyranny Re-Posted May 5, 2023 by Martin Armstrong

“There is a golden opportunity to seize something good from this crisis…global crises know no borders, and highlight how interdependent we are as one people sharing one planet,” the former Prince of Wales said during a World Economic Forum summit in January 2021. Ironic for the king of England to speak on an opportunity to “seize something.” This man has no idea what it means to live the life of a commoner and has riches beyond imagination, but he is asking US to sacrifice for THEM.

“Charles has been one of the highest-profile global proponents for protecting the planet in recent decades, from writing books and making speeches about nature to working with business to mobilise private finance to combat global warming,” the WEF wrote on its website in September 2022. Charles spoke about “entire new markets based on sustainability” at the WEF meeting in 2020, and asked private industries to begin thinking about how they will transition to net zero emissions. “Sustainable” to these people means using fewer fossil fuels. Incredible how a man whose monarchy exudes opulence and luxury would tell the people to consume less.

The video above is from the WEF’s Davos meeting in 2020. “We have the ability to tag, track, and trace the supply chain in unprecedented ways,” the king commented. That means they also have the ability to tag, track, and trace you. “We cannot expect consumers to make sustainable choices,” he continued.

In 2019, the UK agreed to reach net zero carbon emissions by 2050. The elites began encouraging the people to consume less by traveling less often, eating less, and consuming less. The U.K.’s Climate Change Committee demanded that people eat 20% less meat by 2030, and then drop that down by an additional 15% over the next 20 years. They even discussed the possibility of carbon pricing to tax the people for existing. The people would be forced to pay for the losses businesses incurred after developing green initiatives.

The WEF has bought nearly everyone in a position of power. Do you think King Charles really cares about green initiatives, the environment, or the people in general? He would not last a day in the life of a commoner. Do you think the coronation this weekend will be sustainable by any means? The Great Reset is all about relinquishing all power to those at the very 

May 4 2023

Zelensky Tells just Too Many Lies To Keep Them All Straight


Armstrong Economics Blog/Ukraine Re-Posted May 4, 2023 by Martin Armstrong

The BBC reported Zelensky’s comment regarding the drone attack on the Kremlin: “We don’t attack Putin or Moscow. We fight on on our territory. We are defending our villages and cities,” he said, speaking on a visit to Finland.

Zelensky is such a liar this man should not be greeted by any head of state. The Leaked Pentagon Papers suggest Washington was secretly monitoring Kyiv’s military plans, amid fears an assault could trigger a major escalation. The Neocons told him to stand down because they want to provoke Putin to attack to justify the US getting involved in the war.

The US military has already been told to prepare for war. The US is sending troops and has been negotiating what is known as DCA “defense cooperation agreements” treaty which allows the US troops freely operate in foreign countries. The US is now preparing to send troops to Finland.

I think if Russia sent troops to Canada or Mexico to aid in their “protection” we would not be very happy.

This is going around now from KyivPost on the Kremlin Attack.

May 4 2023

As Ukraine Sends U.S. Supported Drones to Target Moscow, A Reminder of President Trump’s Warning About Biden Creating World War III


Posted originally on the CTH on May 3, 2023 | Sundance 

By now most Americans realize the United States government is conducting a proxy war against Russia in Ukraine.  The foundation for the U.S. effort started in 2014 with the buildup of weapons provided by the Obama-Biden administration, and the Russian response to the NATO encroachment in February 2022 was quickly framed as the Russian war against Ukraine.

As part of this effort, and after threatening to destroy Russian natural gas pipelines, the United States then followed through and destroyed a main artery in the Nordstream pipeline system.  The Biden administration then denied involvement and tried to blame Russia; as if Vladimir Putin would destroy his own infrastructure.  Keeping with this continuum of escalating conflict, NATO has sent depleted uranium weapons into Ukraine.  Then, last night, a drone attack on the Kremlin was carried out.

Ukraine is denying any involvement in the drone strike against Moscow, which would imply the United States -likely the CIA- carried out a direct attack against Russia without informing Ukrainian President Volodymyr Zelenskyy.   Regardless of which partner is lying, Ukraine or the U.S, one of them carried out the attack.

This is a good time to remind everyone of President Trump’s words and policy toward this escalating conflict:

“Every day this proxy battle in Ukraine continues, we risk global war,” President Trump said. “We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.”

We need peace without delay

[Transcript] – We have never been closer to World War III than we are today under Joe Biden. A global conflict between nuclear-armed powers would mean death and destruction on a scale unmatched in human history. It would be nuclear Armageddon. NOTHING is more important than avoiding that nightmare. We will avoid it. But we need new leadership.

Every day this proxy battle in Ukraine continues, we risk global war. We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.

In addition, there must also be a complete commitment to dismantling the entire globalist neo-con establishment that is perpetually dragging us into endless wars, pretending to fight for freedom and democracy abroad, while they turn us into a third-world country and a third-world dictatorship right here at home.

The State Department, the defense bureaucracy, the intelligence services, and all the rest need to be completely overhauled and reconstituted to fire the Deep Staters and put America First. We have to put America First.

Finally, we have to finish the process we began under my Administration of fundamentally reevaluating NATO’s purpose and NATO’s mission. Our foreign policy establishment keeps trying to pull the world into conflict with a nuclear-armed Russia based on the lie that Russia represents our greatest threat. But the greatest threat to Western Civilization today is not Russia. It’s probably, more than anything else, ourselves and some of the horrible, U.S.A. hating people that represent us.

It’s the abolition of our national borders. It’s the failure to police our own cities. It’s the destruction of the rule of law from within. It’s the collapse of the nuclear family and fertility rates, like nobody can believe is happening. It’s the Marxists who would have us become a Godless nation worshipping at the altar of race, and gender, and environment. And it’s the globalist class that has made us totally dependent on China and other foreign countries that basically hate us.

These globalists want to squander all of America’s strength, blood and treasure, chasing monsters and phantoms overseas—while keeping us distracted from the havoc they’re creating right here at home. These forces are doing more damage to America than Russia and China could ever have dreamed. Evicting the sick and corrupt establishment is the monumental task for the next president. And I’m the only one who can do it.

I’m the only one that can get the job done. I know exactly what has to be done. (read more)

May 3 2023

Republicans Fighting Biden’s Mortgage Madness


Armstrong Economics Blog/Real Estate Re-Posted May 3, 2023 by Martin Armstrong

Republicans at the state level are demanding that Biden and the FHFA repeal the asinine new law that punishes Americans with high credit scores by forcing them to subsidize the mortgages of those with low credit scores. The Biden Administration has been attempting to control real estate for some time. In June 2021, Biden forced the Supreme Court to give him the power to fire Mark Calabria as the regulator of Freddie Mac and Fannie Mae. Biden’s team said they were “moving forward today to replace the current director with an appointee who reflects the administration’s values.” This was also when shareholders sued the government for the 2012 decision to pay all proceeds directly to the Treasury.

Trump was in favor of Calabria and fought to separate Freddie and Fannie from the government, but the Democrats repealed everything once Joe took over. Florida Chief Financial Officer Jimmy Patronis and 33 other Republicans at the state level are urging Biden and the FHFA to repeal this “hair-brained” policy. “This new policy … will take money away from the people who played by the rules and did things right – including millions of hardworking, middle-class Americans who built a good credit score and saved enough to make a strong down payment,” the group noted. “Incredibly, those who make down payments of 20 percent or more on their homes will pay the highest fees – one of the most backward incentives imaginable.”

Patronis and others argued that owning a home was once the American dream, and the new law will hurt middle-class families who worked and budgeted for their downpayment and credit score. “[T]he right way to solve that problem is not to use the power of the federal government to penalize hardworking, middle-class American families by confiscating their money and using it as a handout. The right way is to implement policies which will reduce inflation, cut energy costs and bring lower interest rates. Doing so will enable more families to save and improve their credit scores. Increased financial literacy efforts must also be part of the solution,” the letter also states. Lowering energy scores and inflation is not part of the Build Back Better agenda.

Providing people with loans who otherwise would not qualify is part of the plan for the Great Reset. Raising taxes on everything imaginable is also part of the agenda. The government wants to tax the middle class out of homeownership, force the working class to default on their mortgages, and move everyone into government-provided smart cities. The hatred toward government is brewing and will soon bubble over.

May 3 2023

Senator Mitch McConnell Reminds White House of the Republican #1 Priority


Posted originally on the CTH on May 2, 2023 | Sundance 

The professional Republican Party is totally and completely disconnected from the average MAGA voter within it.  Cue the visual demonstration from today:

[Source Tweet]

This disconnect between the Republican establishment and the base voter has always been frustrating and annoying, but now they are taking it to entirely new levels of ridiculousness.   There must be multiple siphons and financial laundry operations from this Ukraine policy.  Nothing else makes sense.

Seriously.  Go ahead and tell me how the professional Republican Party is worth saving.  I’ll be over here, supporting President Trump.

Also, there’s a Twit video of Mitch McConnell below (from today) that everyone must see.  You tell me what’s going on. Something weird.

After spending several weeks recovering from a brain injury, this is Mitch McConnell today:

https://twitter.com/KarliBonnita/status/1653478519429578770?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1653478519429578770%7Ctwgr%5E47c3ca3d37864d42aaa0e456f1951d5c040d2eaf%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftheconservativetreehouse.com%2Fblog%2F2023%2F05%2F02%2Fsenator-mitch-mcconnell-reminds-white-house-of-the-republican-1-priority%2F

Posted in Big 

May 2 2023

Government Corruption is Unprecedented


Armstrong Economics Blog/Corruption Re-Posted May 1, 2023 by Martin Armstrong

COMMENT: Hi Martin
Thanks largely to you, my family and I never took the covid vaccines. You are/were right that the Covid pandemic was a scam.
However, today, I read a post by you that reported that an 11% spontaneous abortion rate is something to be concerned about. The average miscarriage rate for woman younger than 35 is 15% and it gets worse, the older you get.

HH

REPLY: I think this T-Shirt sums it all up. We cannot survive under a Republic without term limits. Once someone becomes a politician, all is lost. Our politicians have been bribed and now there is a lawsuit filed against the head of the EU for she never put it to Parliament, bought billions of doses many times more than the population of Europe, with ZERO accountability.

These people have crossed to the other side and we become the enemy. I was in British Columbia about 20 years ago and I was totally shocked by a left-wing woman politician I do not remember her name. She actually said that EVERYTHING we earn belongs to the government. They decide how much we are allowed to retain.

Klaus Schwab is an academic. Most are just Marxists and believe that they need to suppress human nature and we should own nothing, surrender all imagination and creativity, and just work like ants in their leftist vision of a farm.

Schwab’s Dream – the Ant Farm