Italy & Hoarding Dollars


Armstrong Economics Blog/Italy Re-Posted Jan 2, 2022 by Martin Armstrong

COMMENT T FROM ITALY: Hi, in the blog “the war on cash and the dollar” you say as you said
other times that salvation is only in the paper dollar. Here in Italy
if I have paper dollars I have the problem that I can NOT spend them,
I can NOT use them. I agree that it pays to accumulate paper dollars
and I would like to, I know you are right. But here how can I use them
for a living?

Thank you!

REPLY: Yes, you are correct. On a day-to-day basis, you have to use a local currency that is moving toward digital. Paper dollars are being hoarded, not spent except in rare transactions. The same is taking place buying collectibles, real estate, and equities.

What has also been taking place behind the curtain from reliable sources is that European governments have been lobbying the Biden Administration to clamp down on Europeans buying US real estate. The Biden Administration is putting in restrictions to track money moving into real estate. That is being justified with money laundering. In Miami, there has been a major influx of foreign capital moving into real estate and this is being characterized as drug money from South America. In truth, much has been coming from Europe.

The War on Cash & the Dollar


Armstrong Economics Blog/Euro € Re-Posted Jan 2, 2022 by Martin Armstrong

I have warned that Europe is the epic center for the decline and fall of Western Culture and economic strength. While the US has not yet joined Europe, the Democrats are licking their lips and trying desperately to figure out how to kill cash forcing everything to be digital in search of cash. In Europe, 18 EU countries are now restricting the use of cash and they are desperately trying to terminate cash all for control and taxes. Now it is just presumed that paying in cash means you are engaged in money laundering for that definition has been expanded to just tax avoidance.

Once upon a time, Belgium had an upper limit of €15,000 for transactions in cash. In 2012, they lowered that to €5,000, and then in 2014, they brought it down to €3,000. Bulgaria has outlawed cash payments of around €5,100 euros (10,000 Bulgarian levs) since 2016. A proposed law that has been pending since 2017 will lower that to just €500. The central bank informed the politicians it would not comply with such a low limit. The politicians even went as far as the use of the 500 euro note would have been a punishable criminal offense.

Over in Denmark since July 1, 2021, any payment of up to about 2,700 euros (20,000 Danish kroner [DKK]) is allowed whereas the previous limit was DKK 50,000 since 2013. Prior to that, the limit was from 2006 was DKK 100,000 and once more they claim this is all about combatting money laundering and the financing of terrorism.

France, the origin of communist theory, has been trying to outlaw cash for years. Today, a cash payment limitation stands at €1,000 since 2015. That was lowered from a limitation of €3,000 which was implemented in 2010. In Greece, as of the end of 2016, the upper limit on cash was just €500. Here we have a government that was as corrupt as it could be and screwed the nation by entering a conspiracy with Goldman Sachs to manipulate their debt to enter the Eurozone.  Hence, the government wanted to lower the limit to €300 which would have seriously disrupted tourism and even the ECB objected. The government has imposed laws whereby Greek taxpayers must prove that they spend at least 30% of their taxable income in electronic form. If you failed to prove that 30% of your income is spent by debit/credit card, you will have to pay a penalty tax of 22% on the difference.

In Italy, the government imposed a limit on cash transactions of €2000. However, as of January 1, 2022, the government has lowered that to €1,000 proving that money laundering is no longer drugs, but not paying taxes. Throughout Europe, these trends reveal that the pretend politicians who are supposed to “represent” the people, regard the people as criminals. They have used terrorism as the justification to go after every person in the country. This is why governments have been pushing for 5G to ensure the extinction of cash and to make all payment systems instantaneous.

In the Netherlands, the government moved to introduce a cash limit of €3,000 also claiming that this was intended to be “measures to combat money laundering and terrorist financing more effectively”. Spain introduced a law in 2012 on the prevention of tax fraud in Article 7 which forbids making cash purchases of €2,500 or more. That was lowered to €1,000 as of November 2021.

In Germany, there is no limit on cash payments for the purchase of goods. However, consumers who want to pay amounts that are greater than 10,000 Euro in cash, have to show their ID card and the merchant/vendor must document their name, place of birth, date of birth, and home address as well as their nationality.

Using terrorism, all European governments are hunting cash and PRESUME people who pay in cash are engaged in money laundering they now define as simply not paying taxes. I have been warning that part of the strength behind the dollar is the fact that (1) it has never been canceled, but (2) it is the cash reserve of the world with 70% of paper dollars circulating outside the United States as the hedge against their own governments.

Neil Oliver Highlights the Ruling Class Elitist Disconnect Using Robert Malone and Tony Blair


Posted originally on the conservative tree house on January 2, 2022 | Sundance | 132 Comments

Immediately following the scenes today in Amsterdam, this seems like a very appropriate place to put the latest remarks on the situation by Neil Oliver.

As the financially controlled GBN professional pundits walk the tightrope between their very visible ideological support for the elitist oppression, and yet tender offerings for an audience thirsting for the freedom message, the stenographers across the pond ask Neil Oliver for his perspectives as we head into the New Year.

Neil Oliver, standing firmly upon the position of the righteous, is forced to play pretend with the pundits in order to broadcast his message.  Yes, the independent and overwhelming majority of significant voices in the rebel alliance have to make these decisions.  It is what it is…. but the message is well transmitted regardless.  WATCH: 

Neil Oliver knows the subtle skills it takes to move the Overton window from the perspective of the ‘right side of history.’  His comments about forced and coerced isolation as a criminal act are not only true, but also well received and well-articulated.

The ruling class, fraught with ever growing fear, has crossed into the Rubicon of lawlessness.  I agree with Oliver that overall, this will lead to a good outcome.  The line of acceptance is different for all people.   We need the forces driving that line to move rapidly in order to assemble the largest army possible.

Unfortunately, we are in an era where we see how weak many of our brothers and sisters have become as the era of dependency, example: “We are the world” collectivism, has rotted the spirit of aggressive individualism.

We are simultaneously trying to move the fulcrum bubble for characteristics like laziness, complacency, guilt and shame.  That type of effort can take a generation, because we were lazy about it before.  We rolled our eyes, dispatched the politically correct, and allowed the indoctrination machinery of education, culture and public policy to shape the landscape.  Now, now we see the longer-term consequences.

On the positive side, the rebel alliance is growing daily.  It takes moments of great consequence to overcome generational complacency.  That is the opportunity we are being given with COVID-19 and the government exploitation of it.

The hidden totalitarian nature of government and ruling class is being revealed, this is a good development for those who were trying desperately to get people to see it before.

I too am optimistic, like the moment in the battle when the disproportionate brutality becomes visible, and the tides change in favor of victim.  The cheers around the colosseum do not have to start out supporting the gladiators in order for the gladiator to ultimately become victorious.  Indeed, any gladiator worth his salt knows the primary goal is to change the chant and instill fear in one gilded chair.

The need for control is a reaction to fear.  Extreme measures to retain control are reactions to equally extreme senses of fear.

All around the world, right now, there are mini dictators tenuously clinging to power and trying to control a much larger mob.  They have multitudes of advisors helping them, they have financial resources, and they have enforcers. However, just as Gaius Julius Caesar lost control with the entire Roman army around him, so too are these dictators and totalitarians subjects to a much larger citizenry.

Squeeze harder…. Please, squeeze harder.

As fast as possible, we need to get to the point where we are finally going to deal with them.  Simultaneously, they are trying to avoid being dealt with.  Squeeze harder, says the slave gladiator as others surface to join the fight.  Squeeze harder.

This will not end well for the ruling class.  So, let’s get on with it

Squeeze harder…

Amsterdam COVID Compliance Police Release the Attack Dogs on Protesting Groups, Literally


Posted originally on the conservative tree house on January 2, 2022 | Sundance | 355 Comments

Previously the police in Melbourne, Australia, held the record as being the most violent anti-protesting enforcement mechanism of a totalitarian state, using tanks, tear gas and rubber bullets to wage war against their citizens. However, today the police in Amsterdam said, ‘hold my beer‘ and went one step further.

Massive anti-lockdown demonstrations in Amsterdam turned into real violence with protesters mauled by police dogs and beaten with batons in the streets.  The COVID compliance police went to extraordinary lengths to be physically violent as noted in the videos from the protest. WATCH:

Another video shows just how massive this crowd was; and, at any given moment, if this crowd REALLY wanted to turn the tables on the police and put blood on the streets, it would have been entirely possible.

Dr. Robert Malone mRNA Inventor – Kids Will Die from the Vaccines


Armstrong Economics Blog/Vaccine Re-Posted Jan 2, 2022 by Martin Armstrong

Dystopian Scenes in Montreal, Quebec as 10pm COVID Curfew Is Reinstituted


Posted originally on the conservative tree house on January 1, 2022 | sundance | 113 Comments

Madness, just madness.  Montreal, Quebec has reinstituted a COVID curfew as the Canadian government promotes the fear of Omicron. [Prior Media Report Here] The concept of a curfew is not only arbitrary, but also abject nonsense.  Somehow the Rona is going to be worse at 10:15pm than it was at 9:55pm?

The scenes from the police patrolling the street, and instructing people over loudspeakers to go home, are dystopian and something you might see or hear in some fictional movie.  The commonsense of government is gone completely.  What did all of those people get double vaccinated and boosted for? WATCH:

MONTREAL – […] ” “I know we’re all tired, but it’s my responsibility to protect (Quebecers),” said Legault. “(Experts) agree that, in the coming weeks, there is a risk that the number of hospitalizations will exceed our capacity, which would eventually lead us to no longer being able to treat everyone,” said Premier Francois Legault. 

He made the announcement at a Thursday evening press conference, where he was joined by Health Minister Christian Dube and Public Health Director Dr. Horacio Arruda.  People who violate the curfew are subject to fines ranging from $1,000 to $6,000. (more)

Interesting Shift – Australian Government Now Casually Saying They Will Pay for Adverse Reactions to Vaccine in Booster Phase, Media Calls 79,000 “The Rare Few”


Posted originally on the conservative tree house on January 1, 2022 | sundance | 238 Comments

A couple of things are a little, well, shall we say, odd about this.   First, is the casual nature of how the Australian media just slip this little stunner into their broadcast as if it’s just an ‘oh, and by the way‘ type of message.

Second, is the evolution of this official government narrative from “it’s just a jab”, perfectly safe and fine, to, well, only a “rare few” will have adverse reactions to the perfectly safe jab… and, oh yeah, boosters now.  By “rare few” we, um, mean around 79,000 people approximately, n’ stuff.  Might be costly, but… whatevs.

According to 7News Australia, “Doctors say that the benefits far outweigh the risks, but as the COVID vaccine rollout ramps-up through the booster phase, there are a rare few who suffer severe side effects. The federal government is now offering compensation for anyone who becomes seriously ill after having their COVID shot.” WATCH: 

Why is the Australian government having to pay this out?  Where’s the vaccine company liability?  Oh wait, yeah.

For scale, the entire population of Australia is essentially the same as the state of Florida.  Imagine if Governor Ron DeSantis mandated the jab, and told all Floridians 80,000 of you will likely suffer severe adverse reactions, but it’s in your best interest… oh, and you don’t have a choice.   Wait… wha, huh?

The International Criminal Court


On December 6, 2021 the following case was summited to the International Criminal Court located in Hague, Netherlands

BEFORE THE INTERNATIONAL CRIMINAL COURT

(TREATY OF ROME STATUTE, ART. 15.1 AND 53)

Subject of complaint:

Violations of the Nuremberg Code

– Violation of Article 6 of the Rome Statute

– Violation of Article 7 of the Rome Statute

– Violation of Article 8 of the Rome Statute

– Violation of Article 8 bis3 of the Rome Statute

Based on the extensive claims and enclosed documentation, we charge those responsible for numerous violations of the Nuremberg Code, crimes against humanity, war crimes and crimes of aggression in the United Kingdom, but not limited to individuals in these countries.

Perpetrators: Prime Minister for the United Kingdom BORIS JOHNSON, Chief Medical Officer for England and Chief Medical Adviser to the UK Government CHRISTOPHER WHITTY, (former) Secretary of State for Health and Social Care MATTHEW HANCOCK, (current) Secretary of State for Health and Social Care SAJID JAVID, Chief Executive of Medicines and Healthcare products Regulatory Agency (MHRA) JUNE RAINE, Director-General of the World Health Organisation TEDROS ADANHOM GHEBREYESUS, Co-chair  of the Bill and Melinda Gates Foundation WILLIAM GATES III and Co-chair of the Bill and Melinda Gates Foundation MELINDA GATES, Chairman and Chief executive officer of Pfizer ALBERT BOURLA, Chief Executive Officer of AstraZeneca STEPHANE BANCEL, Chief Executive Officer of Moderna PASCAL SORIOT, Chief Executive of Johnson and Johnson ALEX GORSKY, President of the Rockefeller Foundation DR RAJIV SHAH, Director of the National Institute of Allergy and Infectious Disease (NIAID) DR ANTHONY FAUCI, Founder and Executive Chairman of the World Economic Forum KLAUS SCWAB, President of EcoHealth Alliance DR PETER DASZACK

Victim(s): THE PEOPLES OF THE UNITED KINGDOM

A PDF copy of the case is available here

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Those that are participating in these Crimes Against Humanity are following the discredited beliefs of Karl Marx and their goal is the total collapse of Western Civilization so that it can be Build Back Better. What that means is into a political system such as what Joseph Stalin created in Russia. If you don’t understand what that means read Volume One of the three volume set The Gulag Archipelago written by Aleksandr I. Solzhenitsyn between 1958 and 1967 based on his in the camps from 1918 to 1956. It takes a strong stomach to get though the book as its hard to believe that people can be this cruel. What is in this book is exactly what Klaus Schwab is bringing to us right now with his Great Reset. If you actual read volume one you will not want to read volume Two and Three.

This video by Dr. Robert Malone the inventor or the mRNA process used to make the Pfizer COVID-19 (also known as BNT162b2) vaccine is a must watch. Dr. Malone tells us all to PROTECT OUR CHILDREN!!!! by not allowing them to be vaccinated with the Pfizer experimental gene therapy vaccine that will have horrible effects on those that have not gone through puberty. But in general no one without a serious preexisting condition or under 50 should be vaccinated without being warned of the dangerous effects. This video is in support of the about case.

Below is an interpretation of the case with comments added by Martin Armstrong.

Part One

A team from the UK has filed a complaint with the Prosecutor of the International Criminal Court on behalf of the people. The report alleges that government officials, pharmaceutical executives, and others profiting from the pandemic have violated the Nuremberg Code, committed war crimes and crimes against humanity, as well as aggression against civilians. The 44-page complaint extensively lists the crimes committed by the following individuals:

The complaint states that the aforementioned individuals have committed the following crimes:

– Violations of the Nuremberg Code

– Violation of Article 6 of the Rome Statute

– Violation of Article 7 of the Rome Statute

– Violation of Article 8 of the Rome

– Violation of Article 8 bis3 of the Rome Statute

The document contains a lot of detailed information that I will summarize:

COVID Is a Biological Weapon – Gain of Function Research

COVID was created in a laboratory. Leo Poon. Dr. Li-Meng Yan and her team published a report (Appendix 4) claiming that the novel coronavirus was developed “as a laboratory product created by using bat coronaviruses ZC45 and/or ZXC21 as a template and/or backbone.” ZC45 and ZXC21 were discovered between July 2015 and February 2017 in military research laboratories. Once the Shanghai Public Health Clinical Centre, a non-military laboratory, published a conflicting report and was quickly forced by the government to retract its statement. “The existing scientific publications supporting a natural origin theory rely heavily on a single piece of evidence – a previously discovered bat coronavirus named RaTG13, which shares a 96% nucleotide sequence identity with SARS-CoV-2.”

Again, all evidence discredits the notion that the COVID-19 virus developed naturally. “The National Institutes of Health (NIH) in the USA has admitted to funding gain of function research on bat coronaviruses at China’s Wuhan lab – despite Dr Anthony Fauci repeatedly denying this.” There is clear evidence that the NIH funded gain of function research between 2014 and 2019. A $3.1 million grant was awarded to EcoHealth Alliance for coronavirus studies on bats. Another grant of $599,000 was provided to the Wuhan Institute of Virology to also study COVID in bats.

Conclusion: The coronavirus did not develop naturally. Rather, the virus was deliberately created in a laboratory after years of government-funded research.

Experimental Vaccines

The vaccine received temporary authorization under Regulation 174 of the Human Medicine Regulations Act (2012). The report notes that mRNA vaccines have never been approved for human usage and the effects are completely unknown. “The long-term effects and safety of the treatment in recipients are unknown. It is important to note that the Corona Virus ‘vaccines’ are the world’s first introduction to the synthetic m-RNA technology and all previous immunisations [sic] worked in a totally different manner, by way of introducing a deactivated or weakened virus to the body to trigger a natural arousal of the immune system against it.”

The COVID vaccination should be categorized as a gene therapy as it does not meet the requirements for the term “vaccine.” In February 2021, Merriam-Webster changed the definition of “vaccine” to include the COVID-19 mRNA injection. Dr. Mike Yeadon stated in the report: “It’s not a vaccination. It’s not prohibiting infection. It’s not a prohibiting transmission device. It’s a means by which your body is conscripted to make the toxin that then allegedly your body somehow gets used to dealing with it, but unlike a vaccine, which is to trigger the immune response, this is to trigger the creation of the toxin.”

Conclusion: The COVID-19 injection is not a vaccine, but rather a mass experimental form of gene therapy with unknown consequences.

Presence of Graphene Hydroxide in Vaccines

German chemist Dr. Andreas Noack was one of the EU’s top graphene and carbon experts who formulated his doctoral thesis by converting graphene oxide into graphene hydroxide. Dr. Noack examined the vaccines along with other experts and found that the vaccines contain graphene hydroxide. “On November 23, 2021, Dr. Andreas Noack released a video explaining what graphene hydroxide is and how the nano structures injected into the human body act as ‘razor blades’ inside the veins of ‘vaccine’ recipients. Dr. Andreas goes on to explain how due to the nano size of the graphene oxide structures they would not show up on an autopsy as toxicologists can’t imagine that there are structures that can cut up blood vessels causing people to bleed to death on the inside so they would not be looking for them, given their atomic size.”

After speaking out about graphene hydroxide in vaccines on a live stream broadcast, Dr. Noack was arrested on film by German police. On November 26, 2021, Dr. Noack was attacked and murdered. His case remains unsolved.

Conclusion: There is graphene hydroxide in the vaccine, and Dr. Noack was assassinated for speaking the truth.

Part Two

Looking further into the complaint filed with the International Criminal Court, we find additional examples of human rights abuses.

PCR Tests

Oxford University has discovered that PCR tests are so sensitive that they can detect old infections by tracking fragments of dead viral cells. “Originally developed to detect the presence of DNA and RNA in biological samples, even its Nobel Prize-winning inventor Kary Mullis declared that PCR was never intended to diagnose a disease,” the complaint states. Dr. Kary Mullis said that the PCR test can find “almost anything in anybody.” The PCR tests repeatedly cycle to find traces of viral RNA and are chemically amplified with each attempt. Public Health England stated that the PCR test threshold should be set around 25.6, and anything above means there is not enough evidence of the virus to deem a person ill.

Conclusion: PCR tests are often run 40-45 times to artificially increase the chance of a positive result.

Masks

The World Health Organization (WHO) previously admitted that there is no evidence available to indicate masks as an effective method of protecting healthy individuals. “In addition to hypoxia and hypercapnia, breathing through facemask residues bacterial and germ components on the inner and outside layer of the facemask. These toxic components are repeatedly breathed back into the body, causing self-contamination.” Furthermore, there is actually evidence that face masks can cause toxic particles to build within the mask. “Rebreathing contaminated air with high bacterial and toxic particle concentrations along with low O2 and high CO2 levels continuously challenge the body homeostasis, causing self-toxicity and immunosuppression.”

Conclusion: There is no evidence that masks are effective against the transmission of COVID-19; however, there is evidence that wearing masks can be toxic.

Alternative Treatments

There are numerous treatments for the coronavirus that are not offered to the population at large.

  • Hydroxychloroquine – 50% reduction in hospitalizations and death
  • Ivermectin – 70% reduction in deaths
  • Favipiravir – Approved only in Japan
  • Corticosteroids – 87% reduction in hospitalizations; 30% reduction in deaths
  • Colchicine – 25% reduction in hospitalization and deaths

Conclusion: Safe and effective treatments for the coronavirus exist but are not readily available.

Part Three

The complaint filed with the International Criminal Court continues to provide a broad-picture view of the various ways governments have used the coronavirus to exploit the people.

INFLATED COVID FIGURES

Nurses and doctors from hospitals across the world have noted that nearly every death recorded is due to the coronavirus. The complaint notes that if an individual died for any reason within 28 days of receiving a positive COVID-19 diagnosis, their death is deemed a coronavirus casualty. The report notes that between March and June 2020, England and Wales recorded 4,476 deaths with no pre-existing condition.

Yet, deaths for the same period suddenly spiked to 49,607:

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The complaint alleges that governments have been artificially inflating figures and misbranding common flu, pneumonia, and other respiratory illnesses as COVID-19. To further show that the common flu has been mislabeled as COVID, data from the ONC shows that flu and pneumonia deaths in 2018 and 2019 came to 29,516 and 26,398, respectfully. In 2020, only 394 people died from the common flu and 13,619 passed away from pneumonia.

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Conclusion: The number of fatalities from the coronavirus has been drastically overstated. As mentioned in an earlier post, PCR tests were never meant to be used in their current manner, and often produce false-positive results. Anyone who dies within 28 days of a positive test result is deemed a casualty of coronavirus, even if the virus was not the cause of death.

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CENSORSHIP

Twitter, Facebook, YouTube, Reddit, and countless social media platforms have removed any and all information regarding the coronavirus that does not fit the broader agenda. “. Authorities have blocked legitimate websites and ordered the removal of unwanted content. Officials have reinforced these controls by criminalising [sic] more categories of online expression and arresting journalists, activists, and members for public speaking about the government’s performance. To suppress unfavourable [sic] health statistics, critical reporting and other COVID-19 content the UK government has blocked websites or forced users, social media platforms, or online outlets to delete information,” the report states.

Furthermore, Dr. Robert Malone, the inventor of the RNA vaccine, has been removed from all social media platforms for speaking out against the vaccine. “Smear campaigns are being waged against any doctors and scientists who challenge the WHO narrative on Covid-19 and the Covid-19 ‘vaccines’. We are in a situation where governments and global NGO’s have seized control of the medical profession,” the complaint continues.

Conclusion: Media companies are directly filtering and altering public information. Even reputable medical professionals have been scrubbed from the internet. Governments around the world are using the pandemic as a reason to crack down on free speech and information.

Part Four

Clade X and Event 201

“In May, 2018, the WEF partnered with Johns Hopkins to simulate a fictitious pandemic  dubbed ‘Clade X’ (Appendix 12)  to see how prepared the world be if ever faced with a catastrophic pandemic.  A little over a year later, the WEF once again teamed-up with Johns Hopkins, along with the Bill and Melinda Gates Foundation, to stage another pandemic exercise called ‘Event 201’ in October, 2019 (Appendix 13). Both simulations concluded that the world wasn’t prepared for a global pandemic. A few short months following the conclusion of Event 201, which specifically simulated a coronavirus outbreak, the World Health Organization (WHO) officially declared that the coronavirus had reached pandemic status on March 11, 2020.”

The simulation covered the following scenarios:

  • Governments implementing lockdowns worldwide
  • The collapse of many industries
  • Growing mistrust between governments and citizens
  • A greater adoption of biometric surveillance technologies
  • Social media censorship in the name of combating misinformation
  • The desire to flood communication channels with “authoritative” sources
  • A global lack of personal protective equipment
  • The breakdown of international supply chains
  • Mass unemployment
  • Rioting in the streets

Conclusion: The accuracy of these “simulations” is more than a coincidence. The World Economic Forum (WEF) and its partners were planning for the release of a pandemic. After all of the above scenarios materialized, WEF founder Klaus Schwab said it was now time for the Great Reset.

“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future” — Klaus Schwab, World Economic Forum

India into 2022


Armstrong Economics Blog/India Re-Posted Dec 30, 2021 by Martin Armstrong

India’s Home Minister Amit Shah believes that his nation is on track to become the fastest-growing economy in 2022. India just experienced an 8.4% rise in GDP during Q3 compared with the year prior. Asia’s third-largest economy seems to be growing faster than many other nations; however, inflation and labor woes are hurting growth.

Inflation soared 14.3% in November after months of double-digit increases. Urban unemployment is around 9%, according to the Centre for Monitoring Indian Economy, which noted that the poor are experiencing the effects of inflation most significantly.

Private consumption in India in Q2 was 7.7% less than the same timeframe in 2019 and 2020. Demand has waned from the lowest earners as they are simply struggling to survive. Aljazeera noted that India’s micro, small, and medium enterprises (MSMEs) compose 30% of GDP, represent 50% of exports, and 95% of manufacturing. Due to COVID, 9% of MSMEs have shut down. That number is likely to rise as thousands reported earlier in the year that they would need to scale down or shut down before 2022.

The government supported a rural job program as highly desired employment in the larger cities is scarce. The program developed was designed to guarantee workers 100 days of paid work, but the annual budget ran out of funds only seven months into India’s fiscal year. Sabyasachi Kar, RBI Chair at the Institute of Economic Growth, has stated that this problem is not novel as India has failed to create enough manufacturing jobs. Instead, MSMEs remain the staple of India’s workforce, employing nearly 110 million people.

Other countries are keen to trade with India, and they certainly have promise for advancement. India successfully moved away from its agriculture-based economy over the last two decades and earned its place as the sixth-largest economy in the world.

New Zealand May Approve Assisted Suicide for COVID Patients


Armstrong Economics Blog/Disease Re-Posted Dec 30, 2021 by Martin Armstrong

New Zealand has unofficially approved assisted euthanasia for a virus with a ~98% survival rate. Under the End of Life Choice Act (EOLCA) that passed in 2020, citizens may choose to end their life in a medical setting if they meet the following criteria:

  • aged 18 years or over
  • a citizen or permanent resident of New Zealand
  • suffering from a terminal illness that is likely to end their life within six months
  • in an advanced state of irreversible decline in physical capability
  • experiencing unbearable suffering that cannot be relieved in a manner that the person considers tolerable
  • competent to make an informed decision about assisted dying

At the beginning of December, the Ministry of Health (MOH) responded to an inquiry by The Defender. “Could a patient who is severely hospitalised [sic] with Covid-19 potentially be eligible for assisted suicide or euthanasia under the Act if a health practitioner viewed their prognosis as less than 6 months?” The Defender questioned. The MOH stated that the guidelines state a citizen may legally end their life if their prognosis is less than 6 months. “A terminal illness is most often a prolonged disease where treatment is not effective. The EOLC Act states eligibility is determined by the attending medical practitioner (AMP), and the independent medical practitioner,” the MOH added, italicizing the portion noted.

The New Zealand Ministry of Health basically admitted that they would permit doctors to give patients the OK to end their life if they contract COVID. “Eligibility is determined on a case-by-case basis; therefore, the Ministry cannot make definitive statements about who is eligible. In some circumstances, a person with COVID-19 may be eligible for assisted dying,” the statement continued. The law is so broad that the requirements are subject to interpretation — a life or death interpretation.more