Posted originally on the CTH on November 19, 2024 | Sundance
For very obvious reasons I don’t believe them. However, that said, take an elevated position on the issue for a moment and ask yourself, ‘what are the implications if the United States Pentagon are fabricating claims about North Korean troops on the ground in Kursk, Russia?’
The United States Defense Department asserted today that DPRK troops are on the ground in the Kursk region. Actual North Korean troops on the battlefield fighting against Ukraine. Has anyone seen any single physical attributable example, a picture, a photograph, a video, a satellite image, a drone video, a declassified field report; heck, anything – anything at all – to support such a claim?
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This claim, and the total lack of evidence for it, is really nuts if you think about it.
Where are the journalists who look at these officials and say, “prove it.” I mean, the path we are traveling ends in a very dark place for the U.S-NATO and Russia. Shouldn’t someone, anyone, ask some very pointed questions? Where the heck is Biden?
New York Times – Early this morning, Ukraine’s military launched a volley of American-made ballistic missiles into Russia for the first time. The attack came on the 1,000th day of the war and less than a week after President Biden gave the Ukrainians permission to do so in a major shift of American policy.
The strike targeted an ammunition depot in the Bryansk region of southwestern Russia, causing explosions, Ukrainian officials said. Russian officials claimed to have shot down five of the six missiles. The use of long-range American weapons was a show of force that demonstrated how continued Western support could help Ukraine more easily degrade Russian forces.
The pre-dawn attack struck an ammunition depot in the Bryansk region of southwestern Russia, Ukrainian officials said. Russia’s Ministry of Defense said that Kyiv used six ballistic missiles known as ATACMS, for Army Tactical Missile System. A senior American official and a senior Ukrainian official, who spoke on the condition of anonymity to discuss ongoing operations, confirmed that ATACMS were used.
The strike represented a demonstration of force for Ukraine as it tries to show Western allies that providing more powerful and sophisticated weapons will pay off — by degrading Russia’s combat capabilities and relieving pressure on Kyiv’s overstretched forces.
The attack came on the same day President Vladimir Putin lowered Russia’s threshold for the use of nuclear weapons. He declared that Russia could use nuclear weapons if its sovereignty is threatened, even against a nonnuclear state so long as that state is backed by a nuclear power — similar to the situation in Ukraine. The timing of the long-planned move was clearly meant to send a message to Europe and the U.S.
The White House said it had observed “no changes to Russia’s nuclear posture” and played down Putin’s new doctrine. The reaction was telling, my colleague David Sanger wrote. Over nearly three years, the war in Ukraine has inured Washington and the world to the renewed use of nuclear weapons as the ultimate bargaining chip. (read more)
Posted originally on the CTH on November 19, 2024 | Sundance
President Trump flew to Texas to attend the 6th launch of the massive SpaceX Starship 6th flight. The target launch time is 4:00pm CT / 5:00pm ET Livestream Links Below:
This move takes Marco Rubio out of the position of Chairman for the Senate Select Committee on Intelligence (SSCI). That’s the sum value of this move, and the companion reason for President Trump to appoint Steven C. Witkoff to be Special Envoy to the Middle East. (link)
Senator Marco Rubio will be State Dept Secretary with a short leash and a very limited portfolio. However, from his perspective the political status and future value is awesome. It will be interesting to see: (1) who is appointed chairman of the SSCI, and (2) who Ron DeSantis appoints as Rubio’s replacement.
Posted originally on Nov 12, 2024 By Martin Armstrong
People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, but that is merely propaganda. You must understand that Bitcoin is simply a trading vehicle, not a currency. I cannot stress that point enough. My opinion has been unpopular, and clients have walked away due to my stance on crypto. That’s fine, as I am not in this for the money. I can only adequately inform my clients of the unbiased truth and hope that those willing to listen will heed the computer’s warnings.
To begin with, there is much speculation about the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be worth over $81 billion at the time of this writing, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold?
They expect us to believe some mysterious Japanese man created the blockchain technology and simply evaded all world governments. They claim Bitcoin is an anti-government vehicle, but it is a bureaucrat’s dream because it allows them to track where funds are coming from and going. In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document explains how a government agency could create something like Bitcoin or another cryptocurrency. They had been attempting to create one for years and then magically Bitcoin came on the scene.
I encourage anyone interested in crypto to read my articleregarding this study. Blockchain was created with surveillance at the top of mind.
Bitcoin’s price is akin to the problem that existed when the bubble burst in 1966 with mutual funds because they were listed back then. The value can change at a volatility rate of 10x that of the dollar, making it a highly dangerous instrument as a store of wealth. It is solely a trading vehicle until they weigh it and the value is changed.
In 1966, investors bid the mutual funds up beyond net asset value, so during the crash, people lost everything when they thought it was a secure investment. The net underlying assets may have dropped 20%, but they paid 20% over the net asset value and then sold at 50% of the net asset value. Many mutual funds crashed 70-90%, whereas the Dow drop was 26.5%. Ever since mutual funds have no longer been allowed to be listed. You go in and out at net asset value. Bitcoin must change its structure, or it will never become a valid currency with a stable store of value, which is supposed to be the whole point. It is just an asset class of high volatility.
I have not been bullish on digital currency, as it’s a trading vehicle no different than any other commodity or stock. Sure, a profit could be made, and many have had great success. We do include Bitcoin in our models, and those subscribed to Socrates will see that our arrays are picking up on Bitcoin next year.
Bitcoin is a trading vehicle that is no different from wheat or cattle. It is NOT a store of wealth, as it fluctuates like everything else. It rises and falls no different than any other trading instrument. It is not a “store” of value maintaining some constant value to park your money. We need to get realistic here. The concept of Bitcoin replacing the dollar fails to comprehend what makes something the world’s reserve currency. I will write a piece explaining that aspect since it is crucial to understand.
Posted originally on Nov 8, 2024 By Martin Armstrong
A new report by Oxfam, “Climate Finance Unchecked,” has determined that the World Bank has $41 billion in unaccounted funds that were destined to fight climate change.
This figure represents 40% of all disbursed climate funds by the World Bank. Oxfam’s audit revealed that between 2017 and 2023, between $24 billion and $41 billion simply went unaccounted for and there is absolutely no record of where the money went. No one knows how the money was used as there is no paper trail revealing where the money went.
“The Bank is quick to brag about its climate finance billions —but these numbers are based on what it plans to spend, not on what it actually spends once a project gets rolling,” said Kate Donald, Head of Oxfam International’s Washington D.C. Office. “This is like asking your doctor to assess your diet only by looking at your grocery list, without ever checking what actually ends up in your fridge.”
The World Bank is a leader in climate finance, controlling 52% of the total flow from all multilateral banks combined. World Bank President Ajay Banga announced in December that the bank achieved 35% of its financing three years ahead of schedule. He then set a new target of 45% by 2025. The bank later said in September that it achieved 44% of climate financing to the tune of $42.6 billion. “We’re putting our ambition in overdrive,” Banga said.
The bank acknowledged that it was difficult to keep track of its 800 climate financing projects but offered no insight into the missing funds. “It is clear that no one — including the Bank — has any real idea of how many billions of dollars are going to which climate actions,” the Oxfam report said.
Yet, climate activists are demanding $5 trillion in ANNUAL financing for the Global South to pay toward climate debt. Where did the $41 billion go? That large of a sum simply cannot be lost in a mere paperwork or oversight error. The climate change agenda has become a slush fund for the elite who will continue to fund this agenda without taking any responsibility for where the funds go or if they’re actually altering the climate in any meaningful way.
Posted originally on Nov 6, 2024 By Martin Armstrong
Germany is the first real casualty of Trump’s victory. Europe is also turning to the right, rejecting the same losing leftist policy spouted out by Harris. Chancellor Olaf Scholz just fired Finance Minister Christian Lindner, putting at risk the collapse of the German ruling coalition between the SPD and the Greens after three years. There have been differences in the budget and economic policy positions between the two factions. Lindner’s departure could lead to the FDP exiting the coalition.
Lindner of the FDP issued a paper that outlined his vision to revive the German economy. However, it argued against both fundamental positions of the SPD and the Green party. Hence, the German Finance Minister Christian Lindner has realized that the solutions undermine the socialist and green agendas. His paper provided a practical attempt to analyze Germany’s problems facing Germany. However, it argues that they have been unable to agree upon a 2025 budget, which still had a funding gap of several billion euros and was still being negotiated. The deadline for the budget was set for later this month.
Posted originally on the CTH on October 13, 2024 | Sundance
This is a remarkable feat of engineering and mechanics. SpaceX returned Starship’s huge first-stage booster, known as Super Heavy, directly to its launch mount, catching it with the “chopstick” arms of the launch tower in a bold and unprecedented maneuver. WATCH (prompted):
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According to Elon Musk the Starship first-stage booster weighs 250 tons. The launch apparatus just caught it when it returned. Remarkable.
Posted originally on the CTH on October 10, 2024 | Sundance
Today, President Donald Trump heads back to Michigan for a speech at the Detroit Economic Club. The keynote address is scheduled to start at 2:00pm EDT, with RSBN providing coverage starting around noon. Livestream Links Below:
Posted originally on Oct 5, 2024 By Martin Armstrong
QUESTION: Marty, it appears that the September panic was on the upside, and it also appears to be a turning point. It looks like it may be a high in the Dow and Gold on a closing basis. I must say, it’s far easier to see now that this election may be the last. Does making a panic to the upside and a high dovetail into a war scenario you have been warning about for the election?
Kerry
ANSWER: I laid out the risks in gold on the private blog. Yes, the Panic was to the upside (see Glossary), and you are correct; this does not bode well for the near future. A Panic to the Downside would have provided a buying opportunity in October, but this pattern is sending up a red flare. A Panic to the Upside is a clear warning that the pattern unfolding is very serious, and it indeed includes the high probability of major civil unrest that will hurt domestic markets as nobody will accept the outcome. The problem we have is what I warned about throughout this year. There remains a risk that our Neocons fear a Trump victory and are pushing for war before the Election.
Israel attacked a Russian airbase under the pretense that Iran dropped off supplies there for Hezbolla. Our office in UAE has reported that Russia has warned all Russians to get out of Israel ASAP. Meanwhile, Russia is turning up the heat in Expanding in Ukraine. Zelensky sent a force to invade Russia in hopes that they would attack anything in NATO to claim Russia was the aggressor. Putin is not stupid.
Zelensky’s Victory Plan is to use long-range missiles to wage a full-scale war on Russia to destroy as much as possible prior to a NATO invasion. I have warned that Putin must reverse his position and take this war seriously as a NATO invasion or be overthrown by the Russian hardline Neocons. Our model targeted October for this, so we have just seen Putin reject peace negotiations. He has been forced to see reality. He has authorized glid bombs launched from aircraft, but he may also use the Father of All Bonds, which is the largest non-nuclear weapon that has the impact of a small nuke.
Our office in the UAE is reporting that while Israel attacked the Russian airbase, it seems like the people of Syria are split on whether they like Assad or not. The Kurds are against Hezbollah/Iran/Russia and were quite happy Israel took out Nazrellah. Iranian Khomani spoke to unite the Muslims against Israel. Our staff there commented that it seems like it’s going to kick off when Israel attacks Iran.
It’s a holiday in Israel this weekend, so it is normal to go quiet. However, Biden did respond to a question if attacking Iran’s energy facility is likely. He said he was in discussion with Israel, thereby confirming that the US is involved strategically. That was not very smart. That statement confirms to the Arab world that the American Neocons are involved.
The other side of this same coin is that Iran could also shut down the Strait of Hormuz, which would send energy prices sky-high in the West using oil as a weapon, as was the case during the 1970s. It was October 7th, 1973 when Iraq nationalized the holdings of the two U.S. oil companies operating in the Arab nation, Exxon and Mobil. They did so to show support for Egypt and Syria in their war against Israel.
This was 51 years ago. Our models show that Crude is likely to press higher, but it will be in 2025 when we see the annual level become a grave issue. We may see a crisis in energy by March 2025 becoming obvious.
Panic Cycle – Normally, a Panic Cycle is something that will exceed the previous high and penetrate the previous low. It will traditionally take out both previous session events. However, it can also be just an extreme move in one direction, which is often indicated by opening above the previous high or below the previous session low.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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