Category World Economic Form

May 2 2023

Zelensky Selling State Assets to Line His Pockets Before Fleeing to Miami


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

Zelensky is slick. He is now lining his pockets with the goal of becoming a billionaire when he flees to his estate in Miami. He is now trying to sell off all state assets in the fossil fuel sector to corporations like ExxonMobil, Chevron, and Halliburton. Of course, these companies are all showing that war is coming. The volatility rises sharply from 2024 on and a critical target will be 2026. This is what makes me think that the Neocons will do whatever it takes to stop Trump and that will include even assassinating him as they did to JFK to wage their war against Russia in Vietnam.

Robert McNamara (1916 – 2009) was a leading Neocon that pushed the country into the Vietnam War.  He was famous for saying: “I learned early on never answer the question that is asked of you. Answer the question that you wish had been asked of you. And quite frankly, I follow that rule. It’s a very good rule.”

Before he died, McNamara wrote a book, perhaps to clear his conscience, and finally admitted that they were wrong, particularly in their assessment of Russia as a threat. The Neocons today regard him as a traitor and wrong. I have yet to hear even any kind word about him from their camp of endless wars.

The perception that Russia is a threat is still dominating the agenda today. The propaganda that Putin is a KGB guy who wants to re-establish the Soviet Empire is absurd. In the 22 years that he has been in power, he has neither tried to re-establish communism nor has he sought to retake the old Soviet states like Poland, the Czech Republic, or even Ukraine. The same claims today about Russia are the very same ones that justified Vietnam.

Looking at the cycles in the markets and war, these people will destroy Western Civilization. The Ukrainian people are absolute fools, for their leadership is also so wrapped up in their hatred of all the Russian people that they are leading their country into total destruction. Ukraine will cease to exist as a country that they dreamed of. They are surrendering their lives all for the dreams of the Neocons with Blinken in charge.

Several families with people in the military are reporting that soldiers are being informed we will be at war as soon as this year. Then Army aviators, who are entitled to leave, have been told they suddenly now owe 3 more years instead. People are suddenly finding out that we are not in Kansas anymore. We have no rights, and the Neocons have seized control of Washington. Welcome to their version of democracy.

Writing on Twitter, Mykhailo Podolyak said the U.S. and other Western nations encouraged Ukraine to give up nuclear weapons as the former Soviet Union collapsed, offering safeguards in return. This was misinterpreted by Russia, leading to conflict, Podolyak is the warmonger who argues that there shall be no surrender of the Donbas despite the fact that the population there are Russians and that Kyiv began the civil war on the order of the American Neocons. It is not that Ukraine surrendered its nuclear weapons; that is a fool’s argument. Europe and the US have nukes and so do Russia and China yet we are headed into war anyway. He will not let the people of the Donbas vote in a democracy when they are treated like vermin and are hated as Russians. This is why Ukraine has become an evil empire destined to create World War III just as our computer forecast back in 2013 one year before their revolution of 2014.

Here are other “advisers” to Zelensky.

Apr 27 2023

REMINDER: Inflation was at 1.4% When Biden Took Office


Armstrong Economics Blog/Inflation Re-Posted Apr 27, 2023 by Martin Armstrong

Inflation was only 1.4% when Biden took office. He began implementing policies on his first day that directly created the energy crisis in the US. He refused to reopen the economy under the pretense of COVID for as long as possible, disrupting the supply chain and damaging small businesses. Biden has created multi-trillion dollar spending programs that saddled the nation with more debt and increased price volatility. His team has been working to divide the people and create civil unrest. I could go on about his failures, but his worst move was involving America in the Russia-Ukraine war. Inflation has steadily risen to unsustainable levels nearly every month since Biden took office.

Biden’s team toys with the numbers to tout that inflation has gone down, but they are comparing the high and low both created under Biden. Wages cannot support the increase in costs and absolutely no one is better off under Biden. Considering the dire situation, it is infuriating that the US had a 1.4% inflation rate not long ago.

Inflation has soared by over 15% since Biden’s inauguration in January 2021. The “Presidential Inflation Rate,” (PIR) developed by the Winston Group, measures a president’s progress in handling inflation over time, from their inauguration month to the month of the most recent CPI report. As of March, inflation under Biden is 15%, which makes him the most inflationary president since Carter. Biden’s 24% “Presidential Inflation Rate” for rising electricity costs is higher than any of the previous seven presidents as it is now up 37.2%. The cost of food rose 18.3% under Biden, and eggs alone have soared by nearly 80%. Shelter costs are now at a 42-year high, and Biden’s PIR for rent has surpassed 13.5%.

Joe Biden takes no responsibility for the inflation caused by his policies and failures as a president. Inflation will continue to increase under Biden. He has absolutely no plans to address the issue, and the legislation he creates to address the problem only exacerbates it. Biden is a corrupt politician who lines his pockets with money from Ukraine and China. The investigation into his crime family that the media is sweeping under the rug reveals the truth. This man needs to be removed from office immediately, but the people alone must decide when they’ve had enough.

Apr 25 2023

“They” Explained


Armstrong Economics Blog/Basic Concepts Re-Posted Apr 25, 2023 by Martin Armstrong

People often ask who I am referencing when I refer to “they.” THEY are the leaders of the pack; the neocons. They are the people who create endless wars and use the people as their toy soldiers for war games—we are the toys.

None of these wars affected our way of life and we had no need to be involved in Ukraine, Vietnam, Afghanistan, you name it. But they will create false flags to bring us into wars. It may be a conspiracy but it is not a theory. They conspire to create these wars and use fake news. There were the weapons of mass destruction in Iraq that never existed. The sinking of the Lusitania that propelled us into World War I was intentional. Former President Johnson admitted that Vietnam never attacked us, and leading neocon Robert McNamara admitted before his death that America was wrong for condemning Communist nations. But he died with the guilt of sacrificing 58,000 American lives on the neocon altar of war.

The neocons have a theory that a regime change will save the day. They demonize the head of state and convince themselves that people will cheer once that individual man is overthrown. Saddam, Gaddafi, the list goes on. They think they can overthrow these leaders and simply install a democracy. The problem is that we do not have a democracy; we have a republic. We cannot vote on whether we go to war or if we want to die for the neocons.

They are the aggressors and the ones who created the current conflict. They are on both sides of the political aisle and are installed in positions of power throughout the world. They create division internally to promote civil unrest so that they can elect the person of their choice who will claim to solve the problems they created. They want to create digital currencies to control everything we do while plundering what they allow us to have. They are pushing society as a whole to a breaking point, and unfortunately, their next war game will not end well.

Apr 24 2023

Former CIA Director Admits Biden Created the Russian Disinformation Hoax


Armstrong Economics Blog/Corruption Re-Posted Apr 24, 2023 by Martin Armstrong

Biden’s camp completely interfered in the 2020 US Presidential Election by hiding Hunter’s illegal business dealing through bribes and coercion. The House Judiciary Committee released a letter addressed to Secretary of State Anthony Blinken that revealed Biden and Blinken deliberately created the story that Hunter’s “laptop from hell” was “Russian disinformation” in order to help him steal the election.

When will the people say that they have had enough? How could they arrest a former president for an affair when the current president and his crime family have actively engaged in countless international criminal activities. CIA director Mike Morell ADMITTED that 51 members of the intelligence community signed a letter declaring the laptop was “Russian disinformation” act the request of the Biden Administration. This propaganda spread to reporters of prominent newspapers, social media platforms, and government officials across the US. The FBI completely dropped their investigation after the laptop was handed over to them and wiped clean from the internet.

The Biden Administration reached out to The Post after they received information that Hunter introduced his dad to his Ukrainian business partners. Morrell said he did it to “help Vice President Biden … because I wanted him to win the election.”

Joe Biden referenced this signed letter during a debate against Trump on October 22, lying to the American public weeks before the election. Joe insisted he never spoke to Hunter about his business dealings when he was in on it the whole time.

Judiciary Chairman Jim Jordan (R-Ohio) and Rep. Michael Turner (R-Ohio), chairman of the Permanent Select Committee on Intelligence sent a letter to Blinken letting him know that the investigation is back on.

“We are examining the origins of the infamous public statement signed by 51 former intelligence officials that falsely discredited a New York Post story regarding Hunter Biden’s laptop as supposed Russian disinformation.

Subsequent reporting revealed that the New York Post story was not, as the public statement claimed and then-Vice President Biden parroted, part of a ‘Russian information operation.’

This revelation nearly two years after the fact, however, was little consolation.

The concerted efforts to dismiss the serious allegations in the Post’s reporting and to suppress any discussion of the story played a substantial role in the 2020 election.”

Joe Biden is a liar who will go down in history as the worst president in American history. He deceived the American people countless times and has done everything in his power to ruin our economy, values, and way of life. Arrest all 51 people who signed that letter and throw everyone related to the Biden crime family in jail – let us see how far the corruption goes.

Apr 24 2023

The Great De-Dollarization


Armstrong Economics Blog/USD $ Re-Posted Apr 23, 2023 by Martin Armstrong

All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They are calling this the de-dollarization of the world economy and that the future of the US dollar as well as the American empire itself is now collapsing. The general claim is that the group of economically-aligned nations known collectively as BRICS is a major threat to the greenback. That was the same story we heard about the Euro back in 1997.

As their scenario goes, the BRICS [Brazil, Russia, India, China, and South Africa] have moved to form an anti-dollar colation and Saudi Arabia is considering jumping on board. They insist that once that happens, the “petrodollar” will die and cease to be a reserve currency.

This is then followed by the forecast that the economy will suffer and that any bounce in exports will be short-lived simply because the dollar will be dead for the long term. Of course, this has been the favorite forecast that they keep putting out since Bretton Woods collapsed. They were wrong back then for the dollar rose between 1972 and 1976 against the British pound, with the collapse of Bretton Woods. To try to explain why the dollar did not collapse, that is when they claimed that the dollar was backed now by oil rather than gold. That was just an excuse as always to cover up their wrong forecast.

They sold that story to Newsweek and now the dollar rally was because of oil which replace gold. Suddenly the dollar became de facto backed by oil. They needed an explanation to explain why all the old theories were wrong. They sold this theory and it made the front cover of Newsweek. Everyone said YES! That must be the reason. OPEC priced oil in dollars! Naturally, everything was priced in dollars because, under the fixed exchange rate of Bretton Woods, everything from wheat and corn to copper and gold was all priced in dollars.

Now they are saying the American empire is threatened by the potential commercial real estate collapse and the BRICS anti-dollar venture. So they are forecasting a great depression-style crash is possible in the not-too-distant future. They spin this to forecast the end of the America Empire. The London FT, always anti-American/Pro WEF, reports that the dollar as a reserve currency has declined from  73% in 2001 to around 55% by 2021. Yet the FT did state an obvious fact:

“But if you are a reserve-rich central bank elsewhere that isn’t going to be a lot of comfort. Moreover, would you really feel more comfortable in, say, the renminbi? Even if it was fully convertible and liquid, would you honestly feel more sure that Beijing will behave lawfully than DC? The dollar still looks like the proverbial least dirty shirt in the closet.”

COVID actually has played a major role in shifting the world economy. In 2020, the US economy was 24.75% of the world’s GDP. By the start of 2022, it had fallen marginally to 24.15%. What these dollar-forecasting jockeys do not understand, is that if they were correct and the dollar collapsed, then the very BRICS would collapse even further. Economically speaking, when the United States gets a head cold, the rest of the world catches ammonia. You can’t have it both ways. The strength of the dollar is not gold or oil, it is the American consumer.

The risk to the entire world is runaway inflation thanks to Biden pouring untold amounts of money into the black hole known as Ukraine. The Neocons, who control Biden, are planning to launch a war against Russia and China before 2024. This will only continue to accelerate inflation. That reduces the spending power of the American consumer and in the process, the US economic growth declines in real terms and with it, the rest of the world plunges into recession.

While Macron has figured it out that the Neocons are in charge of US foreign policy and he is telling Europe to stop being the puppet of the USA, that all sounds nice but Europe is marching into war with Russia. NATO is firmly in control of the American Neocons and they need war or face losing power. With Trump in the lead, they must stop him at all costs for he is anti-war, would haul the Neocons out by the necks, and defund NATO, as well as stop the climate change agenda.

The US dollar in the global economy has been supported by the size and strength of the US consumer-based economy. Its stability and openness to trade and capital flows without restrictions and it has never been canceled, are the major foundation of the dollar in addition to strong property rights and the rule of law. That is why Russians and Chinese buy US property for they are secure in their ownership of US property which cannot always be guaranteed outside the US.

Consequently, the depth and liquidity of US financial markets remain unmatched. For institutions parking billions, the United States represents a large supply of extremely safe dollar-denominated assets. Are they really going to switch to China or buy debt from Brazil?  Not a single institutional client will take that bait.

China has been divesting of dollar reserves because it KNOWS that the American Neocons want war. You do not fund your adversary who intends to wage war against you. China cannot shift reserve assets to Europe or Japan. They have been buying gold because it is geopolitically neutral territory. They are NOT buying gold as an investor thinking it will rally. That is irrelevant. If gold drops 25%, that does not translate into them becoming a seller.

The dollar in international reserves stood at 60+% at the start of 2022 against the US share of GDP at 24.25%. This comparison belittles the argument that the dollar is finished. Eventually, the US will lose the wars it is starting and the dollar will be replaced perhaps as soon as 2028. The IMF is already licking its lips and rubbing its hands together eager to get control of the reserve currency. But they too will collapse. We have a Directional Change next year and a Panic Cycle in 2025. So buckle up.!

Remember one thing, even with the debasement and collapse of the Roman Denarius between 260AD and 268AD, it still took 224 years for Rome to completely collapse. When war breaks out, capital flight will still be to the dollar. It will not be to public assets, but private. The United States is still supporting the entire world economy. The BRICS need the US consumer to keep their economies functioning. All this talk of the dollar being finished is really nonsense. That day will come, but when the US consumer no longer buys.

Remember 1997? The Euro was going to dethrone the dollar. They claimed the new EU will be a bigger economy than the US. The problem was, they lacked a consumer economy, and low taxes, and they routinely canceled their currency to force people to pay taxes. It is always the same story over and over again.

Apr 23 2023

The Contagion of War


Armstrong Economics Blog/Civil Unrest Re-Posted Apr 23, 2023 by Martin Armstrong

QUESTION: You have suggested that we will end up at war with China, Russia, North Korea, and even Iran simultaneously. How does Socrates conclude such an event that perhaps never happened in the past?

ER

ANSWER: Your assumption that such a thing has never happened is not correct. Periods of war of this nature unfold like a contagion of the flu. The English Civil War (1642-1652) which ended with the beheading of the King in 1649 was instigated using religion as the rallying cry.

In France, there was also an uprising that dramatically interrupted monarchy in 1648 by the uprising of a series of challenges to the absolutism of the King that came to be known collectively as the Fronde.  The Fronde (1648-1653) plunged France into civil disorder.  The king was even driven from his capital as several provinces revolted. This was a revolution demanding a right to participate in government. When the Fronde ended, the king was restored to absolute royal authority.

Of course, the Fronde may not have changed the French system of government, but it set the stage for the final French Revolution. Nevertheless, the American Revolution then spread with that spirit to overthrow monarchy becoming the France Revolution in 1789.

Throughout history, if we correlate the civil uprisings and forget about the claimed cause, we will see an amazing correlation. Throughout Europe, there was the communist revolution that spread to all the countries in 1848. When you allow the computer to correlate the world, what pops up is that the same Communist Revolution spread to Spanish Latin America, with Revolutions that appeared in New Granada that led to the fall of the government there.

Looking closer, you will see in Brazil there was the Praieira Revolt between 1848-1852. You also see the Mexican-American War, which was also in part inspired by the Battle of the Alamo (February 23 – March 6, 1836).

If we look closely, we will see that 1848 was a”world revolution” for revolutions broke out almost simultaneously in fifty countries from Europe down to Brazil. This era created resentments that lingered beyond domestic revolution and international war just as the reparation payments demanded by the French following WWI led to the rise of Hitler and WWII. The Revolutions of 1848 set the stage for the period that continued into 1880, marking a bloody century with 177 different conflicts.

Even the American Civil War ended slavery and became a contagion that spread to Russia and inspired the 1861 termination of serfdom in Russia.

Socrates has correlated everything. I am sad to report that we are looking at a global uprising. This time, it will be our pretend democracies that are no different than authoritarian monarchies that meet their demise post-2032.

Apr 23 2023

Neil Oliver – ‘Nice Life You’ve Got There, It’d be a Shame if Something Happened to It”….


Posted originally on the CTH on April 22, 2023 | Sundance 

Neil Oliver returns from a few weeks of holiday to hit this monologue out of the park.  It’s almost as if Neil and I had sat down and shared a cup of tea.

Comrades, in this wake-up monologue Oliver hits on the key dynamic we have discussed, we are in an abusive relationship with government.  We are being oppressed and held captive by our inability to come to terms with the nature of this relationship.  We are suffering through battered citizen syndrome, thinking that if we just bear through the next round of beatings the abuser will change.

Neil Oliver hits another key point, something you also might find familiar.  The gaslighting around us that feeds and maintains the nature of the abusive relationship is based on the entire community around us “pretending” we are not being abused.  Oliver then folds in the bigger picture and agenda behind, Build Back Better. WATCH:

It’s desperately necessary for our survival that we become disillusioned–and quickly.

Think about that word: Dis-illusioned. Having illusions exposed and removing them from the decision-making process.

Getting disillusioned quicky is important, because when illusions are defended, protected and argued for, instead of being exposed, they will always take us to default decisions that are inherently based on non-reality. This is where the pretending comes from.

Isaac Newton said that passivity in objects was predictable. Perhaps passivity in troubled humans is predictable as well.

Newton said it this way with regard to objects: “An object that is at rest will stay at rest unless an unbalanced force act upon it.”  So, it appears we need an unbalanced force to act upon these passively willing objects that are content to remain at rest.  That unbalanced force is Donald J Trump.

Apr 22 2023

INTERVIEW – WORLD WAR 3 IS WHAT “THEY” WANT AND ARE ON TRACK TO GET IT


Armstrong Economics Blog/Armstrong in the Media Re-Posted Apr 22, 2023 by Martin Armstrong

Apr 18 2023

US Troops on the Ground in Ukraine


Armstrong Economics Blog/War Re-Posted Apr 18, 2023 by Martin Armstrong

It’s official – the US is at war with Russia. This is no longer a proxy war regardless of whether an official declaration has been made. Washington confirmed that there is “a small U.S. military presence,” but only made the admission after the Pentagon data leak. National Security Council spokesperson John Kirby insists American soldiers are not fighting on the battlefield.

“I won’t talk to the specifics of numbers and that kind of thing. But to get to your exact question, there is a small U.S. military presence at the embassy in conjunction with the Defense Attachés office to help us work on accountability of the material that is going in and out of Ukraine,” Kirby said, claiming the troops are connecting to a specific embassy. The initial data leak showed that there are also at least 50 troops from the UK on the ground in Ukraine, along with military personnel from 33 NATO nations.

The New York Times reported on Monday morning that NATO members are amassing their troops along the border. “NATO is rapidly moving from what the military calls deterrence by retaliation to deterrence by denial. In the past, the theory was that if the Russians invaded, member states would try to hold on until allied forces, mainly American and based at home, could come to their aid and retaliate against the Russians to try to push them back,” Steven Erlanger wrote. But NATO is going on the offensive rather than the defensive this time around. “To prevent that, to deter by denial, means a revolution in practical terms: more troops based permanently along the Russian border, more integration of American and allied war plans, more military spending and more detailed requirements for allies to have specific kinds of forces and equipment to fight, if necessary, in pre-assigned places,” the journalist wrote.

The war in Ukraine has already cost more than any war since World War II. Ukraine is not a NATO member, and there has never been a situation where NATO prepared its troops to battle a country unaffiliated with its alliance. Russia is completely backed into a corner now and the war must escalate. Putin will not retreat or surrender. Russia does not have the option to surrender as the world powers would swoop in and take over the nation, including its very valuable resources, which they’ve wanted all along. Zelensky is no longer running the show, and the global elites will decide how quickly to escalate this battle. Countless men, women, and children will die, all for the pride of a few who want to destroy the world to Build Back Better.

Apr 18 2023

China v Taiwan – The Draft Begins


Armstrong Economics Blog/War Re-Posted Apr 18, 2023 by Martin Armstrong

Chinese President Xi Jinping announced that he is preparing for war. The military budget will grow by about 7.2% this year after it has already doubled over the past decade. This is not a sudden decision. China has been quietly positioning itself for quite some time and has taken notes over Russia’s missteps with Ukraine. The People’s Liberation Army (PLA) is now drafting soldiers, and veterans and college-educated students will be at the top of the list.

Wars are now fought through intelligence and strategies rather than pure brute strength. The PLA is seeking out both women and men and is particularly interested in those with a STEM background. China’s announcement comes after Texas Republican Rep. Michael McCaul visited Taiwan to “provide deterrence to China.” Worse, McCaul told the international press that America would fight alongside Taiwan if Congress approved.

In typical political fashion, McCaul proposed a world war! “Taiwan is in a very different position from Ukraine,” McCaul said. “Number one, they’re not battle tested or ready. They are not prepared for war.” His solution? “When you look at Ukraine, they had NATO supporting them. You don’t have NATO in the Pacific,” he continued. “That’s why when looking at Japan, South Korea, Philippines, Australia, we need to start having these discussions as a deterrent for peace.”

Peace was never an option with Ukraine, and Zelensky made it known that he would not meet Moscow on any agreement. In fact, NATO and others directly helped Kiev break its promises to Moscow, such as France and Germany helping to broker the Minsk Agreement hoax to buy time for Ukraine to build up its military. China has a strategy and a mission.

Losing Taiwan would be seen as an unfathomable loss, and they are prepared to go to war against any nation that intervenes. The West has already stretched itself thin by hyper-fixating on Ukraine as their own economies crumble. Interestingly, US intelligence services believe China will invade Taiwan in 2027. The computer also indicates that a world war could peak as early as 2027, with 2024-2027 being a period of concern.