Armstrong Economics Blog/Climate Re-Posted Sep 6, 2023 by Martin Armstrong
Food For Thought
Tag Archives: Agenda 21
Tucker Carlson Interviews Larry Sinclair About Cocaine, and Oral Sex with Barack Obama in Limo and Hotel
Posted originally on the CTH on September 7, 2023 | Sundance
Tucker Carlson interviews Larry Sinclair, the man who had drug-fueled sex with Barack Obama in Chicago. {Direct Rumble Link}
In the Chicago gay circles, it was well known that Barack Obama liked to receive oral sex from older white men with grey hair. That’s why many people held a side-eye when Obama and Florida Governor Charlie Crist were visibly hugging in 2009.
Larry Sinclair goes into details about people, places and events surrounding the times that he and Barack Obama were together. Sinclair also notes that Donald Young, the gay choir director from Jerimiah Wright’s church, was the person selected by Obama to make contact with Sinclair and clean up the issue.
Oil Prices Surge After Saudi Arabia and Russia Announce Extended Oil Production Cuts Through End of 2023
Posted originally on the CTH on September 6, 2023 | Sundance
Oil prices shot passed $90/bbl today after Saudi Arabia and then Russia announced a continuance of production cuts through the end of this year.
The BRICS alliance is going to deliver some pain to the Western alliance. Those people living in the yellow zone, with leadership chasing climate change and Green New Deal policies, are going to see more durable inflation as the cost of oil is attached to just about every product and service.
Gasoline, energy products, petroleum products, home heating oil, groceries, everything will cost more as the geopolitical battle continues; but we are supposed to pretend we are unaware of the global political dynamic.
(Zero Hedge) – […] Just after 9am ET, Saudi Arabia said it would extend the voluntary cut of 1 million b/d of for another 3 months, from October until the end of December, well beyond the expectation of just 1 more month. Saudi press agency SPA notes that the voluntary cut decision will be reviewed monthly to consider deepening the cut or increasing production.
The extension of cuts is meant to reinforce the precautionary efforts made by OPEC countries with the aim of supporting the stability of the oil market. The Saudi announcement came a shock to market as 20 of 25 traders and analysts surveyed by Bloomberg last week had predicted the additional cutback would be continued for just one additional month.
And then, literally seconds after the Saudi decision, Russian deputy PM Novak said Russia would also extend its reduction of oil exports until the end of the year, reducing its oil output by 300kb/d in voluntary cuts until December 2023.
Similar to the Saudis, Russia said that the decision to reduce oil production to be reviewed monthly to consider possibility of deepening reduction or increasing production depending on situation on the world market. (read more)
“The U.S. Strategic Petroleum Reserve is empty, my friend”…
(Yahoo) – […] Higher oil prices are bad news for the world’s central banks, which have been trying to tame high inflation since last year. Energy is a key input for economic activities, so higher oil prices generally lead to inflation.
But Saudi Arabia and Russia’s keeping their oil supply cuts for longer means “they have no interest in what central banks are worried about,” Naeem Aslam, the chief investment officer of Zaye Capital Markets, wrote in a Tuesday note seen by Insider. (read more)
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Tucker Carlson Interviews Man Who Had Sex With Barack Obama During Cocaine Binge
Posted originally on the CTH on September 5, 2023 | Sundance
I’m not exactly sure why Tucker Carlson would be putting attention on the Lightbringer, but it seems rather odd and funny at the same time. {Direct Rumble Link}
Most of these stories are well known, despite the media trying to cover them up for 15+ years. The full broadcast is schedule to air tomorrow. WATCH:
A man who claims he had sex with Barack Obama in 1999 tells his story – Wednesday. 6pm ET.
Maui Fires
A Series of Unfortunate Coincidences
The reduction of the population has began in Hawaii
Populism v Democracy
Armstrong Economics Blog/Politics Re-Posted Sep 3, 2023 by Martin Armstrong
COMMENT: You are just a Trump supporter. Nothing else.
REPLY: I feel sorry for you. You cannot obviously question whatever the government tells you. You are the prime example of what Stanley Milgram uncovered – Obedience to Authority. I hope you have no family. Under your guidance, you have condemned their future to economic slavery, just as I saw in East Germany before the wall fell. You do not have the courage to even sign your comment. I strongly recommend you read Stanley’s book.
No person is perfect – Trump included. You hate Trump so much, but you think our politicians in Washington really care about you? Good luck with that one.
Here is John Kerry also explaining that democracy is populism when it votes them out of power and must be terminated. This is your Climate Zar who flies around in his private jet telling coal minors to make solar panels, and you should live in his 15-minute cities and walk everywhere – no more cars.
I am so glad I am not 18 years old. It’s people like you who are cheering on a new Dark Age. They call it the Dark Age after Rome fell in 476 AD. Thus, Europe was thrust into a time of “darkness.” The years that would follow, lack of books, freedom, knowledge, any scientific advancement, and the collapse of all cultural advancement until the Renaissance. You already live in a Darl Age imposed by censorship, which is the beginning of the decline and fall.
US Real Estate Market
Armstrong Economics Blog/Real Estate R-Posted Sep 2, 2023 by Martin Armstrong
QUESTION: Mr. Armstrong, You were the only one who forecasted that real estate would continue to rise in conjunction with the rate increases by the Fed. I have been following you only since 2020 and COVID-19. I am impressed with your computer and your analysis, which does not change with every passing headline. Can you elaborate on the real estate market a bit?
Thank you very much for the education.
FH
ANSWER: The traditional forecast on real estate is always one-dimensional. Homeownership has historically been in the top 5 of surveys about what Americans most want in life. Property values have been rising despite rising high prices combined with higher mortgage rates. There is little sign on the horizon before the ECM peaks in May 2024. Analysts have been confused and caught up in this economic conundrum of the continued economic growth that has defied all their recession predictions.
Normally, housing has been one of the sectors that has been the most sensitive to interest rates. Over the past two years, mortgage rates have risen from less than 3% to more than 7%. That means that the median family today faces mortgage payments that have doubled from roughly 14% of monthly household income in 2020 to nearly 29% by mid-2023. This is the strongest rise since the economic turm on our ECM when it bottomed in 1985.65.
Nevertheless, the conundrum that has baffled traditional analysts has not led to a decline in house prices as they expected. They paused during the COVID-19 lockdowns and fell in the Blue States, which had the most draconian COVID-19 measures. Currently, housing prices during the second quarter of this year rose at an annualized pace of 15% according to the S&P Case-Shiller index.
There is a tight supply in the South, where much of the migration has taken place. I get, on average three calls a week asking if I want to sell my house here in Florida. The annual sales of property nationally have been around $2 trillion. Smart institutional investors have been shifting from public unsecured debt to private mortgages. The average person does not look at CPI numbers or GDP numbers. They look at the cost of this rising, and the confidence in the Biden Administration has been collapsing. When people no longer trust the government, they shift to the private sector. So add to that the great migration from Democratic states to the southern red states, and you will see collapsing real estate values in places like San Francisco and Chicago in comparison to even Wall Street, have been quietly moving to the Miami region. There are still buyers in the market and a shortage of supply in the Red States like Florida. Thus, sales have declined, but this appears to be more the result of the decline in supply.
Additionally, the rising inflation in materials means that the replacement cost of homes is often higher than the prices being paid, not to mention the waiting time for construction. The sheer replacement costs of housing have skyrocketed. Even pain was in short supply thanks to the COVID-19 lockdowns. This has impacted the market, and traditional analysis simply never considered that the replacement costs on preexisting houses, in many cases, are 40% to 100% higher. Add to that the shortage in labor. It was very hard to find a contractor in Florida who even was available. Most contractors I talked to were booked beyond 2024.
Newly built homes account for about one-third of active listings in 2023. This was up from an average of 13% over the two decades before pre-COVID-19. Add to all of this is the influx of foreign money looking at US property as a hedge against future wars and destabilization of the monetary system. Then we have had funds like Blackrock buying property and renting them out.
Countless wind turbines…Northern Germany drought may in part be caused by efforts to prevent drought (climate change)!
3 months ago
Guest Blogger
From the NoTricksZone
By P Gosselin
Countless wind turbines…Northern Germany drought may in part be caused by efforts to prevent drought (climate change)!
More wind parks means less wind, which means less precipitation, which in turn means more drought and warmer temperatures.
Image: P. Gosselin
German online Reichschuster.de here reports on Gerd Ganteför, a German professor of experimental physics who taught at the University of Konstanz and Johns Hopkins University Baltimore (USA), among others. He has authored some 150 technical articles on renewable energies or climate change.
Ganteför has been an outspoken expert critic of Germany’s energy policy and the alarmist aspects of climate science.
Recently the renowned expert once again asked uncomfortable questions about possible connections between wind parks and their impact on regional climate. The answers Ganteför gave to the German daily “Nordkurier” have raised some eyebrows.
In summary, the physicist warns: “We don’t currently know what all can happen if we continue to put up countless wind turbines.”
The interview was prompted by a 2012 NASA study that suggested large wind farms in particular lead to an increase in the ambient temperature and are thus partly responsible for the warming of the climate.
Though Ganteför, has some doubts about this phenomenon, he nevertheless believes the “connection between wind turbines and global warming is possible – albeit for a reason not examined in the study,” reports Reichschuster.de “The authors were able to show that wind turbines swirl the cool layers of air that are directly above the ground and the somewhat warmer layers above them, and that this leads to an increase in temperature near the ground.”
Proven in other scientific publications
Ganteför, however, focusses on another aspect: evaporation, which has been proven in other publications.
The mechanism goes as follows: “Large wind turbines logically slow down the wind by sapping the energy out of it. Less wind means less evaporation and thus less precipitation. And if it gets drier, it could just happen that it gets warmer.”
A study of this kind by Deutsche Windguard was reported on by reitschuster.de in July 2022.
Overdoing wind energy
Moist air from the North Atlantic plays a major role on Europe’s climate, and eventually makes its way over the sea to Germany. But that air gets slowed down by the relatively large wind farms in Mecklenburg-Western Pomerania, says Ganteför. The possible consequence: “If you overdo it with too many wind turbines”, the region “will become drier” and “this possible scenario needs to be meticulously played out and studied by climatologists.”
“We don’t know at the moment what all can happen if we continue to put up countless wind turbines,” warns Ganteför.
New studies warn
Germany has so far installed over 30,000 wind turbines, which is about 1 every 11 sq. km. Plans are calling for doubling or even tripling the current wind power capacity. But this may be detrimental as new studies show that wind farms are altering local climates, and thus may be having an effect on global climate and contributing to regional droughts. We reported on this here earlier this month.
Govt to Spend $1 Billion on Electric School Buses
Armstrong Economics Blog/Great Reset Re-Posted Aug 21, 2023 by Martin Armstrong
The Clean School Bus Program has been funded with a $5 billion grant from the Inflation Reduction Act that should be appropriately named the Climate Change Act. Around $1 billion of this will be spent on electric school buses. As with all spending plans, the budget quickly jumped from $500 million to $1 billion after the EPA said there was a strong demand. The buses will first be tested in low-income districts, and the people are not happy.
The National Assessment of Educational Progress (NAEP) has reported a drastic dip in test scores since 2020 when the government closed down schools for a virus. Math scores are at a 50-year low. Out of a score of 500, 13-year-old students scored an average of 271 in mathematics. Literacy rates are also declining with the average 13-year-old scoring 256 out of 500. Pre-pandemic, this same demographic scored 260 in reading and 280 in math. “The bottom line — these results show that there are troubling gaps in the basic skills of these students,” said Peggy Carr, commissioner of the National Center for Education Statistics. One troubling report showed that 70% of 10-year-old students could not read after the lockdown worldwide.
There is also a growing shortage of teachers due to low pay and most public schools are lacking basic supplies. A report from June 2022 showed that public schools lost 7% of all instructors (233,000 teachers) between 2019 and 2022. Here in Florida, there are reports on the news all the time of air conditioning systems failing amid a summer heatwave. Schools throughout America lack basic funding, kids are forced to share books, the most fundamental items like pencils are often shared, and the curriculum has nothing to do with becoming a successful member of society.
There are countless issues that public schools face, but let’s focus on spending on buses when that is not an area of concern to anyone outside the Build Back Better climate change crowd. Electric school buses cost between $350,000 and $450,000 – nearly four times more than traditional diesel buses. Need to replace the battery? That could cost around $50,000 to replace and the average lifespan is only 7 to 8 years.
“Who doesn’t love a yellow school bus?” a smiling Harris asked an invitation-only crowd at Seattle’s Lumen Field, with an electric bus behind her. “We are witnessing around our country and around the world the effects of extreme climate,” she said. “What we’re announcing today is a step forward in our nation’s commitment to reduce greenhouse gases, to invest in our economy … to invest in building the skills of America’s workforce. All with the goal of not only saving our children, but for them, saving our planet.”
GOP political candidate Tiffany Smiley offered a word of advice to Harris: “At a time when school test scores are at the lowest levels seen in a generation due to harmful school closures, Vice President Harris and Senator Murray offered ZERO solutions to this education crisis at an event where they claimed to care about what’s best for our children. It’s easy to support infrastructure FUNDING, especially for cleaner buses. But the Democrat’s economic policies have led to labor shortages that threaten to derail infrastructure DELIVERY, with Seattle Public Schools unable to hire enough bus drivers to staff all of their routes. This is a prime example of Patty Murray caring more about the priorities of Washington D.C. over Washington state.”
Yet again the government is funding an imaginary problem while bypassing the real issues that need to be addressed. One BILLION dollars could fund a plethora of items that would improve the lives of the people immediately. This net-zero push is becoming increasingly costly and they want to have it all squared away by 2030. Expect more expensive and unnecessary changes.
Centinel2012 