Category World Economic Form

Oct 17 2022

Guaranteed Basic Income Pilot Includes Illegal Immigrants


Armstrong Economics Blog/USA Current Events Re-Posted Oct 17, 2022 by Martin Armstrong

An Illinois county is paying illegal immigrants for making it across the border and winding up in the mess that is the Chicago area. US taxpayers already pay around $20 billion annually to support those who entered illegally, but that amount is expected to rise significantly. Although impossible to forget, this is occurring on the backdrop of serious inflation and a looming global recession. Now, lawmakers are promising Guaranteed Basic Income to this same group.

The Cook County Promise Guaranteed Income Pilot is testing Guaranteed Basic Income on 3,250 households across the county. They will each receive $500 per month with “no strings attached.” Again, free money is never free. Those eligible must be adults 250% beneath the federal poverty line or households over four earning under $69,375.

It is estimated that 36% of county residents will be permitted to apply. “Participants are free to spend the money however they see fit to meet their needs, within the bounds of the law,” the website states. “This pilot is open to all residents of Cook County, regardless of your immigration status. This means that if you are undocumented, or your household is a mixed-status household, and you meet the eligibility criteria above, you are eligible to participate.  We will not share information on immigration status with Immigration and Customs Enforcement (ICE) or with the United States Citizenship and Immigration Services (USCIS).”

They claim the funds will come from the American Rescue Plan Act, an act funded by Americans that was intended for Americans. Welcome to modern-day America where individual counties are permitted to practice socialism at your expense.

Oct 17 2022

Pfizer Climate Change Vaccine


Armstrong Economics Blog/Humor Re-Posted Oct 16, 2022 by Martin Armstrong

Oct 17 2022

Putin is Not the Madman – Biden is Just Senile


Armstrong Economics Blog/Russia Re-Posted Oct 16, 2022 by Martin Armstrong

I feel sorry for you for those who believe the propaganda put out to justify a war that Putin is this madman. Be careful what you believe and wish for. You probably think the government really cares about you and your future. You probably still wear masks driving alone, or even when you sleep, and possibly a condom just in case for good measure.

There are those of us who have REAL contacts and who understand REAL geopolitics and the way governments create wars by filling the minds of their people that there are weapons of mass destruction. Now even a former MI6 agent has come out and said the same thing. You better be careful what you wish for. Putin was selected by Yeltsin BECAUSE he was not a Communist and was moderate. Yeltsin was under siege from the communists who did want to resurrect the USSR and the oligarchs who wanted to strip mine Russia for themselves. If Putin was a communist, Yeltsin and his family would have been in prison.

I have all the declassified documents from the Clinton Administration that CONFIRM that Putin was nothing that the propaganda is all about. He NEVER sought to resurrect the USSR. As far as the KGB, he was never high-ranking and quit in 1991 as soon as Russia fell. All of the comments put out there by John McCain were outright lies. I have the security briefing he read and said the opposite because he was a Neocon who just wanted endless wars.

So you can believe all the BS. They need you to do that to wage war and offer your life on their altar of political agendas. If you think you will be an armchair general and watch this war on CNN, sorry. It will come to a neighborhood near you. I just thank God I am not 18. The future these people want is total insanity. The Weimar Republic in Germany took place because it was a revolution against the imperial government that always waged war. We face the same fate when the people realize this has been a mountain of lies for a political agenda. When Zelensky came to power, he promised peace. He was then instructed by the West that was not acceptable. The West promoted the civil war in Ukraine.

It is the hardliners putting pressure on Putin because he has been “too soft” on Ukraine. Replace Putin and we will get World War III. Zelensky better pack his high-heels in an emergency exit bag.

Oct 16 2022

Crimea


Armstrong Economics Blog/Ukraine Re-Posted Oct 16, 2022 by Martin Armstrong

Oct 16 2022

The Plot to Seize Russia


Armstrong Economics Blog/Police Re-Posted Oct 15, 2022 by Martin Armstrong

The latest book, The Plot to Seize Russia, will be handed out at the WEC. This work has been made possible by the declassification of the documents from the Clinton Administration. This book contains even the transcripts of phone calls between Yeltsin and Bill Clinton thanks to the Freedom of Information Act. This book will change what we thought was history. NATO even invited Russia to join in 1991 which led to the coup against Gorbachev. Before you sign of to World War III, you better wait until you finish this book. You can download the introductions here:

The Plot to Seize Russia-Intro

This book will be available for purchase AFTER the WEC on November 13th, 2022

Oct 15 2022

Canadians Beware


Armstrong Economics Blog/Canada Re-Posted Oct 14, 2022 by Martin Armstrong

QUESTION: Martin

If we are going to have a war is my money safe in my Canadian banks, or should I have some cash?

Regards

ANSWER: Canadians should keep some US dollars in cash. Trudeau canceled high-value notes. As of January 2021, he obtained the power to cancel Canadian currency as they do in Europe. Once that power was exercised, he would do it again. He is entirely on board with Klaus Schwab and this agenda of the World Economic Forum is intentionally pushing for war with Russia.

As I have said, Putin had ZERO intention of conquering Ukraine. This has been a propaganda war. The first thing you do is take down the power grid. I think if war is to come, Putin can wipe out Europe very easily – take down the power grid. With digital currencies and electric cars, this will only leave society extremely vulnerable as never before. So you want cash, for banks can be shut down by targeting the power grids.

Oct 13 2022

Leading Edge of Field to Fork Inflation Starts to Arrive in September Producer Price Index


Posted originally on the conservative tree house on October 12, 2022 | Sundance 

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released September price data [Available Here] showing another 8.5% increase year-over-year in Final Demand products at the wholesale level.  However, that’s not the bad news in this data.

While the overall September PPI was higher than expected at 0.4%, the Final Demand Producer Price for food products in September was a whopping 1.2% (14.4% annualized).

The BLS notes the driver by saying, “a major factor in the September increase in prices for final demand goods was a 15.7-percent advance in the index for fresh and dry vegetables. Prices for diesel fuel, residential natural gas, chicken eggs, home heating oil, and pork also moved higher.”

That’s a 15.7% increase in price, in one month, for fresh and dry vegetables.  Annualized that’s a rate of price increase of 188.4% for vegetables.   Remember the warning about farm costs (energy, fertilizer, fuel) driving field to fork inflation at harvest?  This is the leading edge of that third wave of food price increases.

I have modified BLS Table-2 to focus specifically on food costs.  The data is on left.

You will note that ‘row crops’ are the big drivers along with grain and seed products.  This is exactly as we predicted it would be because those specific farming costs are the ones with greatest increase from energy, fuel, fertilizer, weed and insect control, and diesel costs.

All of those higher costs have been growing in the fields and will now surface at harvest.   The higher farm costs transfer from the field to the fork via the food supply chain.  This is only the leading edge of the price increase.

In October 2021 we first warned of the food price increases coming in distinct waves.  The first was Jan, Feb and March 2022.   The second wave was May through July 2022.  This third wave will be bigger than the first two and starts arriving this month, October 2022.

People laughed at me when I said in late 2022 eggs were going to reach .50¢ EACH ($6/doz).

Well, in September the price of fresh eggs jumped 16.7% in a single month.  That’s an annualized rate of price increase for eggs over 200%.

With hindsight you can clearly see the three waves of food price increases (BLS Table A):

Get ready and shop smart.

The October, November and December price increases in the grocery store are going to make the prior fresh food increases look small, as the full increased costs of farming operations starts to arrive at the supermarket.   Unfortunately, this will coincide with a wave of gasoline price increases, and the prices of natural gas are already skyrocketing.

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Oct 11 2022

The Ukraine War is Really the Start of World War III


Armstrong Economics Blog/War Re-Posted Oct 11, 2022 by Martin Armstrong

I have close personal friends on all sides of this Ukrainian nightmare — Kyiv, Donetsk, and Moscow. The Russian translation for the film on me, “The Forecaster,” was done by a Ukrainian Russian-Speaking person in Donetsk. I have listened to all the sides, and all I can say is that the hatred there is engrained and will not be eliminated any time soon.

Perhaps I am old school like Kissinger. What I can say is I have studied war. In contrast, about 50,000 Americans died in battle in Vietnam, including some of my high school classmates. North Vietnam lost up to 1,489,000, and South Vietnam lost up to 1,119,000. In World War I,  the total deaths included 9 to 11 million military personnel, with 6 to 13 million civilians. Some have estimated the total number debt of up to 40 million during World War I. In World War II, it is estimated total of 70-85 million people died.

My point is that war is made by politicians causally because they are never the people who die. The best a soldier can hope for is to come home uninjured and alive, and his home and family are still intact. The Neocons always want war. They exist in all countries. Their purpose in life is to hate their imagined enemy. John McCain hated Russians, period. He hated them before Putin as well and always preached war. He may be dead, but there are plenty of Neocons still cheering World War III, like John Bolton and John Brennan, not to forget Hillary.

For the life of me, war just seems to be inherent in our species. Only the Romans ever discovered how to create peace through free trade. Discussing the war in Kyiv, the response to let the Donbas go, which is occupied by Russians anyway, the response is, “No way, they will then want the rest of the country.” But at the same time, they expect the ethnic Russians in the Donbas and Crimea to return to Russia and leave their homes that have been in their families for centuries.

Meanwhile, in Russia, they realize that this is NOT a war against Ukraine, but against the United States. With the 2014 Ukrainian Revolution, the West installed an interim government that was NOT elected by the people. It was that government that sent the army to attack the Donbas — not any Ukrainian elected government. This is the Neocons still waging war, hiding behind Ukraine.

This is an attempt to explain the Minsk Agreement to Zelinsky. In Washington, NOBODY gives a DAMN about the Ukrainian people. The more that die, the better to justify war with Russia. No matter what I say, write, or even try to talk to people on each side, it is in vain. They will not be satisfied without war.

Denmark and Estonia are rejecting any Russians and canceling their visas. The scary part is that China, North Korea, Iran, and Syria, just to name a few, know that Russia cannot be allowed to fall, for they will be next. There seems to be nobody even contemplating a world if Russia was to be defeated or if the world divides. All of this for a strip of land occupied by Russians for centuries? No. It is about a long-seething hatred that has existed for more than a century, and Ukraine is the excuse. There is no resolution until the death count rises substantially. This will NEVER end; even if Putin withdrew, the West would move in for the kill.

Oct 11 2022

Florida Surgeon General Silenced by Twitter – Young Men are Dying from COVID Vaccine


Armstrong Economics Blog/Corruption Re-Posted Oct 11, 2022 by Martin Armstrong

Florida Surgeon General Dr. Joseph Ladapo posted a warning on Twitter only to have the platform silence him. It is his responsibility to inform the public of potential health hazards. There should be a crackdown of Twitter for stifling free speech. The surgeon general’s tweet was reinstated after the weekend amid backlash. Hopefully, their desperate attempt to silence the truth backfired and brought more awareness to the problem.

The Florida Health Department examined those who had mysteriously died within 25 weeks of receiving the COVID vaccine. The guidance link provided by Dr. Lapado urges healthcare providers to examine the risks associated with these mRNA vaccines.

“The Florida Department of Health (Department) conducted an analysis through a self-controlled case series, which is a technique originally developed to evaluate vaccine safety. This studied mortality risk following mRNA COVID-19 vaccination. This analysis found there is an 84% increase in the relative incidence of cardiac-related death among males 18-39 years old within 28 days following mRNA vaccination. Individuals with preexisting cardiac conditions, such as myocarditis and pericarditis, should take particular caution when considering vaccination and discuss with their health care provider.”

These findings are extremely alarming, and the surgeon general recommends AGAINST COVID-19 vaccinations for men between 18-39 years of age. An 84% increase in cardiac-related deaths is astounding and a true eye-opener of how deep the cognitive dissonance is embedded in society, as NO ONE is discussing this matter. People are more concerned about Twitter removing the tweet than the actual content. The guidance continued:

“Based on currently available data, patients should be informed of the possible cardiac complications that can arise after receiving a mRNA COVID-19 vaccine. With a high level of global immunity to COVID-19, the benefit of vaccination is likely outweighed by this abnormally high risk of cardiac-related death among men in this age group.”

Men over the age of 60 experienced a 10% increase in cardiac-related deaths as well. They are also recommending against the use of these dangerous vaccines in healthy children under 17. We should have already reached herd immunity long ago. The risks associated with the vaccine far outweigh the benefits (if there are any benefits). Healthy young men should not be dying from heart failure – the COVID narrative must end.