Armstrong Economics Blog/Armstrong in the Media
Posted Nov 26, 2022 by Martin Armstrong
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Italy’s new PM Giorgia Meloni revealed her first economic initiatives with a budget of 21 billion euros. The Italian government will no longer provide free handouts to those who simply refuse to work. This should not be controversial.
For starters, anyone eligible for welfare must actually reside in Italy. Those capable of working will have eight months to find employment before their free paycheck runs out. Alternatively, if someone refuses a job, they will be excluded from receiving welfare. The 5-Star’s citizens’ wage will be abolished by next year as the system has been abused by many who simply do not want to work. They are reviewing the pension system as well, but it’s too late to save the pension funds.
Italy’s first female PM is also encouraging couples to start families amid a birth rate crisis. Women may take a sixth month of maternity leave and still receive 80% of their salary. Meloni cut taxes on goods for newborns and feminine hygiene. Couples will receive a 50% increase in the “baby bonus,” and families with over three children will receive more incentives. Italy needs future taxpayers.
Everyone cheered when America appointed its first female vice president, but Kamala Harris has done nothing for women who still pay the pink tax and do not have access to maternity leave. It is astonishing how controversial this move has become with the papers calling Meloni a Fascist dictator for preventing working taxpayers from paying for those unemployed by choice.
After taking four vaccines and failing to curb the transmission of the coronavirus, Australian health officials will not recommend a third booster shot. Health Minister Mark Butler said the Australian Technical Advisory Group on Immunization (ATAGI) admitted that a fifth dosage of the mRNA vaccine would have “minimal” effect toward reduction efforts.
Australia once had some of the strictest COVID restrictions in the world, and this is huge news. ATAGI member Allen Cheng, Ph.D., mentioned that the risk of myocarditis in younger people is troubling. “Vaccinations are beneficial and protective even for younger people but the more doses you get the less benefit you derive from them and then we start to worry about causing side effects,” Cheng said.
Butler said that new booster recommendations will be made in early 2023. Australians are not off the hook yet. Everyone over the age of 30 has been eligible for a second booster since July. The government still recommends staying “up to date” on vaccinations despite that standard constantly changing.
I apologize, the proposal began in 1991 for Russia to join NATO. But the final agreement with respect to Ukraine’s nukes was not in Belgrade but in Budapest. History has been rewritten to support the war against Russia for climate change. I have never seen any account of history that reports NATO invited Russia to join in 1991. Some people are so pro-Ukrainian that it is insane. They are really cheering for World War III and no doubt believed in COVID, Weapons of Mass Destruction in Iraq, and Hillary’s RussiaGate. They refuse to open their eyes to see that they have been played for fools as always to justify war.
So cheer all you want. This war will NOT be confined to just Ukraine you can watch it on TV as if it is some video game. Ukraine was the 3rd largest nuclear power. That was a fact. The US paid them to surrender their nukes to Russia and they in turn provided nuclear power rods for electricity. James Baker warned about loose nukes and Ukraine was one of the three republics that ended up with nukes. The difference was, Ukraine wanted to use them on Moscow. All my sources back then were deeply concerned that Ukraine just could not ever be trusted. It was Ukraine that kept the cold war going. Zelensky has supported the Ukrainian Neo-Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves. I have fact-checked that and it is a true statement made to the press.
My dealing with Ukrainian governments has always been: Just show me the money. Ukraine is a corrupt black hole. History will show who is on the right and wrong side if any side survives.
Good luck with your hatred. Remember, there is a funny thing about what we call karma. What you wish on someone else may be what becomes your own undoing. So don’t worry. Your hatred of Russia will end that nation, but it will be a Phryic War and nobody will survive. So cheer the loss of your future. You will get what you deserve in spades.
The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.
The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:
Ignore all the history you want to keep fanning the flames of war. When you lose everything, remember – you asked for this result.
Kremlin spokesman Dmitry Peskov is warning the US that they have become instigators in the Russia-Ukraine war. “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov recently told reporters, according to Reuters.
Peskov’s warning comes shortly after Russia deemed most “unfriendly” nations as “hostile,” and with good cause. In an interview with PBS, Peskov said that President Biden’s suggestion to remove Putin from power was taken as a personal insult as the people of Russia, not the president of a foreign nation, determine Russian leadership.
Peskov speaks clearly and confidently; he does not seem like a madman hell-bent on war. In fact, he stated that Russia never wanted war. For decades, Russia has told the West that they are “afraid of NATO” moving closer into their territory. “Please take care of it and do not push us into the corner,” the Kremlin spokesman explained. In Russia’s eyes, they are on the defensive. Putin strictly warned other nations not to interfere in Russia-Ukraine relations. Peskov now states that the West, not Ukraine, is “leading the war against us.”
As for the claim that Russia will launch nukes, Peskov made it clear that Russia has no plans to do so, but would under an existential threat. He clarified that the “existence of the state” and “special military operations in Ukraine” have nothing to do with one another. Ukraine certainly cannot back Russia in a corner to which it feels it must implode its way out, but the West does and is pushing that boundary daily.
Unfortunately for Biden, the Great Unwashed is not gullible enough to accept his explanation that Putin is to blame for inflation. A Convention of States Action/Trafalgar Group survey found that most respondents (59.9%) believe Biden’s policies are the “leading contributor” to rising prices. Around 87.9% of Republicans and 61.1% of Independents cited Biden as the leading culprit, while only 55.2% of Democrats were ready to admit that Biden is destroying the economy.
Biden insists the American Rescue Plan and vast overseas donations did not contribute to inflation. He insists preventing America from being energy independent did not contribute to inflation. Even his own Treasury Secretary Janet Yellen cannot stand by these lies. Yellen insisted in March 2021 that inflation posed a “small risk” for America. In May 2021, Yellen said inflation would not become a problem. Then the $1.9 trillion American Rescue Plan was signed into law. Biden eliminated oil permits and allowed ports to clog.
This Tuesday, Yellen finally admitted she and the Biden Administration were wrong about inflation. “As I mentioned, there have been unanticipated and large shocks to the economy that boosted energy and food prices, and supply bottlenecks, that have affected our economy badly that I, at the time, didn’t fully understand,” Yellen told CNN. “But we recognize that now.”
Although they recognize the issue, there is no plan in place to implement policies to ease inflation. Upon meeting with Fed Chair Powell, Biden simply said that it is the Fed’s place to solve the crisis he created. “My plan to address inflation starts with a simple proposition: Respect the Fed. Respect the Fed’s independence,” Biden said. Since the Fed is independent of the government, he has no choice but to “respect the Fed’s independence.”
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.
The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent. This is the illusion behind Joe Biden’s usefulness.
This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.
These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.” WATCH this through the correct prism:
After initially telling everyone, “We’re celebrating Pride Month at the Ramstein Library with Drag Queen Storytime! Be sure to wear your brightest and most colorful outfits!,” apparently, the chief of public affairs, Lt. Col. Will Powell, now says the event did not go through the vetting process prior to the announcement.
According to the Washington Examiner: “The controversial event comes amid a growing ideological divide among liberals and conservatives about how and who should be teaching children about sexuality.
Conservatives have argued that these lessons should be left up to the parents, while some liberals in educational settings have begun teaching children about these topics according to their own views, at times without parental consent.” (more)
However, comrade binaries, all is not lost. The United States Marines and the United States Airforce are putting their best boots forward and promoting inclusive wokeism as part of a new military outlook under the new leadership of a more progressive -and sensitive- commander in chief.
With additional military forward deployment and support for Ukraine President Volodymyr Zelenskyy, a male pronoun comfortable in stilettos, the enlightened coalition will soon arrive in the rainbow fields of Ukraine to combat the horribly patriarchal Russian advancement.
The U.S. Marines are well positioned in the cultural battlespace as noted by their announcement earlier today:
The pesky Russians don’t stand a chance against a well choreographed advance reconnaissance team. The few and very proud, with a well trained twerking division of soldiers ready to bare it all in defense of our allies, are practicing their line-dance formations as we speak.
Joint Chiefs’ Chair Mark Milley has assured Defense Secretary Austin that our fabulous troops will be well protected. The angels on their shoulders have triggered rainbow air support.
Dear leader has yet to announce who will be bringing up the rear; however, we suspect the U.S. army will rise to the occasion.
As NATO countries continue to finance Ukraine, Putin has reason to worry. Top Russian advisors are now preparing for “a provocation aimed at accusing the Russian armed forces of using chemical, biological, or tactical nuclear weapons,” Lieutenant General Igor Kirillov, the head of the Russian Radiation, Chemical and Biological Protection Force, stated.
The Russians are preparing for three possible scenarios that would result in World War III. The first scenario involves attacking the Russian-controlled Zaporozhskaya Nuclear Power Station. The Russian Defense Ministry said the nuclear site is in critical condition, which could lead to a disaster that will certainly be blamed on Russia. It would be easy for world leaders to enter a faraway war over the pretense of nukes.
In the second scenario, Kirillov stated that the Pentagon may deploy weapons of mass destruction (WMD). Specifically, the WMDs would target a large steel mill in the port of Mariupol. He believes the US would do this “discreetly” and in small quantities to avoid being detected. The last option, which Kirillov said is the least probable, would be deploying WMDs directly on the battlefield.
Spy drones have already been spotted in the Kherson Region, and Russian officials believe the drones may be spraying biological and chemical weapons, which would be a major war crime. Russia maintains it has disposed of all of its chemical weapons over five years ago. Izumi Nakamitsu, the UN’s top disarmament official, claims that Ukraine does not possess biological weapons. A US diplomat testified before the Senate that the Pentagon is working to ensure that “the materials of biological research do not fall into the hands of Russian forces.” Yet, Ukraine and its supporters deny that any chemicals exist.
There are indeed labs in Ukraine that potentially contain bio-warfare weapons, but Zelensky maintains they are conducting “ordinary scientific research” amid an active war. Zelensky appeared on CNN to say “all countries have to be worried” about Russia using nuclear or chemical weapons. It seems more likely that Ukraine and not Russia is in possession of such agents.
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