Is Russia on the Defensive?


Armstrong Economics Blog/War Re-Posted Jun 2, 2022 by Martin Armstrong

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.

Americans Blame Biden for Inflation


Armstrong Economics Blog/Inflation Re-Posted Jun 2, 2022 by Martin Armstrong

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.”

More Pretending, Treasury Secretary Janet Yellen Pretends She Got It Wrong on Inflation, She Did Not


Posted originally on the conservative tree house on June 2, 2022 | Sundance 

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:

Ramstein Airforce Base Cancels Drag Queen Story Time Despite USAF and U.S. Marines Celebrating LBGTQ Pride Month


Posted originally on the conservative tree house on June 1, 2022 | Sundance

Comrades, if you were hoping to take the kids to the Drag Queen Story time at Ramstein Airforce base tomorrow in celebration of global Pride Month, unfortunately the 86th Airlift Wing has cancelled the event.

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.

Be afraid President Putin and Chairman Xi… be very afraid! 

…The loss of the Donbas is merely a flesh wound.

India Reverses Prior Position and Will Now Block Further Wheat Exports, Triggering G7 Concerns


Posted originally on the conservative tree house May 14, 2022 | Sundance 

In April India said it was hoping to expand its wheat exports from 7 million tons to 10 million.  However, as precarious winter wheat harvests reflect lower outputs, they are reversing position and will now block any wheat exports in order to ensure their own supply.

INDIA – […] The announcement drew sharp criticism from the Group of Seven industrialized nations’ agriculture ministers meeting in Germany, who said that such measures “would worsen the crisis” of rising commodity prices.

“If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German Agriculture Minister Cem Ozdemir said at a press conference in Stuttgart.

Global wheat prices have soared on supply fears following Russia’s February invasion of Ukraine, which previously accounted for 12% of global exports.

The spike in prices, exacerbated by fertilizer shortages and poor harvests, has fueled inflation globally and raised fears of famine and social unrest in poorer countries.

It has also led to concerns about growing protectionism following Indonesia’s halting of palm oil exports and India putting the brakes on exports of wheat.

India, the world’s second-largest wheat producer, said that factors including lower production and sharply higher global prices meant it worried about the food security of its own 1.4 billion people.

Export deals agreed to before the directive issued Friday could still be honored, but future shipments need government approval, it said. (read more)

Don’t look now, but there’s an ideological alignment in the background of these decisions.

Turkey and Egypt will be receiving wheat export from India, both nations are aligned against the western position toward Russian sanctions.  Turkey said a few days ago they would not approve of Finland joining NATO (the irony of Turkey in NATO not withstanding).

We need to watch carefully, but there are indications in the geopolitical decision making of nationalist-minded countries, that seem to align with the previously discussed energy alliance cleaving.   The food alliance per se’, is lining up in similar fashion to the energy sector oil alliance.

If this geopolitical and ideological alignment of food imports/exports continues, what we will see is Europe become even more dependent on the U.S. for food exports.  That type of reality has the potential to play well for Biden’s pressure and blackmail campaign forcing NATO to stay committed to the war in Ukraine.

Due to sanctions, Western European allies have already become more dependent on the U.S. for energy products including heavy oil, and liquified natural gas (LNG) which is being exported from the U.S. at the highest rate in history; unfortunately, driving up the prices we pay.

Now we can overlay food exports as another angle for Biden to keep blackmailing NATO to support his proxy war in Ukraine.

Americans are already paying more for energy because we are subsidizing Europe.  Now Americans will pay more for food products because we are subsidizing Europe.   That my friends, is a hot mess.

This sanctions map starts to take on a new dimension beyond energy.  The western team in yellow trading energy and foodstuffs between themselves based on common ideology and outlook.  The team in grey trading energy and foodstuff based on common ideology and outlook.

Overlay that map with the countries who became totalitarian with COVID mandates, and you will discover a commonality.

Meanwhile, Joe Biden speaks about the worrisome rise of “autocracy.”?

BIG PICTURE – How we traditionally defined “freedom” is shifting away from the yellow zones and into the grey zones.

Why?  Because traditional western democracy has been infected with the far-left politics of socialism and communism, just like the democrat party.

Keep watching.

The Cryptocurrency Crisis


Armstrong Economics Blog/Cryptocurrency Re-Posted May 12, 2022 by Martin Armstrong

COMMENT: Mr. Armstrong, I just wanted to express my thanks. You were the only one who called the high in Bitcoin. You saved my marriage, my home, and my future. I tried to tell a friend who went and took an equity loan to invest in Bitcoin. He may lose his home now. I tried to tell him you warned markets crash when everyone has bought. He would not listen. Your principle applies to everything. Thank you so much. Your WEC saved my life.

See you in Orlando.

OA

REPLY: I know, The NY Post has published how people are losing everything and some are contemplating suicide. This is the normal Boom-Bust Cycle that governs. I know a lot of analysts disagreed with me. All I can say if they did not see this coming, then they were too biased and caught up in the trade for themselves.

As I have said, cryptocurrencies are an asset – not money. They are by no means a safe harbor against “fiat currency” and will NEVER be a store of value because NOTHING ever is. Gold rises and falls. Even during the 19th century, there was inflation and deflation. Guess what? When you are on a gold standard, the value of gold rises and falls just as the dollar does right now.

There are people who REFUSE to ever listen and keep preaching that a return to the gold standard somehow mysteriously will solve all the problems. I think they are smoking their marijuana way too much. I do not know how to explain it any simpler. There is a cycle to absolutely EVERYTHING!. There is NO standard that will EVER work because of the business cycle. Here is a chart of the Gold/Silver Ratio. If there was this fictional world where somehow money never appreciates nor declines, you have crossed the line into Marxist Theory and Communism. That was the whole reason behind Marx – to create the perfect world and end recessions and depressions.

Paul Volcker in 1978 express the harsh reality that nobody listened to. He called it the Rediscovery of the Business Cycle because it always defeated these people who tried to eliminate the business cycle and create the perfect world.

Arthur Burns, who was the Fed Chairman at the time of the collapse of Bretton Woods. He too acknowledged that the business cycle always wins. I’m sorry, but this is reality. Market crashes because EVERYONE who ever thought of buying has bought. Something happens and they try to sell. The market crashes because there I a lack of fresh buying. To survive your own investment decisions, this is lesson #1 – When everyone is talking about that investment as the next exception to reach new heights, it’s time to exit.

Global COVID Summit Declaration IV


A Joint Statement, representing 17,000 Physicians and Medical Scientists to End the National Emergency, Restore Scientific Integrity, and Address Crimes Against Humanity

Robert W Malone MD, MS22 hr ago1,516104

The time is now. As most readers of this substack are now well aware, this is not just about COVID. The constitution hangs in the balance. Please help us to get these messages spread far and wide. The 17,000 Physicians and Medical Scientists in our organization, who are not financially conflicted and remain committed to the Hippocratic Oath, are doing our part. Now we ask that you help us to help you. We need your help.

https://globalcovidsummit.org/news/declaration-iv-restore-scientific-integrity

Alternative link


Global COVID Summit, Declaration IV

A Joint Statement, representing 17,000 Physicians and Medical Scientists 

To Restore Scientific Integrity

17,000 Physicians and Medical Scientists Declare that the State of Medical Emergency must be lifted, Scientific integrity restored, and crimes against humanity addressed.


17,000 physicians and medical scientists declare that the state of medical emergency must be lifted, scientific integrity restored, and crimes against humanity addressed.

We, the physicians and medical scientists of the world, united through our loyalty to the Hippocratic Oath, recognize that the disastrous COVID-19 public health policies imposed on doctors and our patients are the culmination of a corrupt medical alliance of pharmaceutical, insurance, and healthcare institutions, along with the financial trusts which control them. They have infiltrated our medical system at every level, and are protected and supported by a parallel alliance of big tech, media, academics and government agencies who profited from this orchestrated catastrophe.

This corrupt alliance has compromised the integrity of our most prestigious medical societies to which we belong, generating an illusion of scientific consensus by substituting truth with propaganda. This alliance continues to advance unscientific claims by censoring data, and intimidating and firing doctors and scientists for simply publishing actual clinical results or treating their patients with proven, life-saving medicine. These catastrophic decisions came at the expense of the innocent, who are forced to suffer health damage and death caused by intentionally withholding critical and time-sensitive treatments, or as a result of coerced genetic therapy injections, which are neither safe nor effective.

The medical community has denied patients the fundamental human right to provide true informed consent for the experimental COVID-19 injections. Our patients are also blocked from obtaining the information necessary to understand risks and benefits of vaccines, and their alternatives, due to widespread censorship and propaganda spread by governments, public health officials and media. Patients continue to be subjected to forced lock-downs which harm their health, careers and children’s education, and damage social and family bonds critical to civil society. This is not a coincidence. In the book entitled “COVID-19: The Great Reset”, leadership of this alliance has clearly stated their intention is to leverage COVID-19 as an “opportunity” to reset our entire global society, culture, political structures, and economy.

Our 17,000 Global COVID Summit physicians and medical scientists represent a much larger, enlightened global medical community who refuse to be compromised, and are united and willing to risk the wrath of the corrupt medical alliance to defend the health of their patients.

The mission of the Global COVID Summit is to end this orchestrated crisis, which has been illegitimately imposed on the world, and to formally declare that the actions of this corrupt alliance constitute nothing less than crimes against humanity.

We must restore the people’s trust in medicine, which begins with free and open dialogue between physicians and medical scientists. We must restore medical rights and patient autonomy. This includes the foundational principle of the sacred doctor-patient relationship. The social need for this is decades overdue, and therefore, we the physicians of the world are compelled to take action.

After two years of scientific research, millions of patients treated, hundreds of clinical trials performed and scientific data shared, we have demonstrated and documented our success in understanding and combating COVID-19. In considering the risks versus benefits of major policy decisions, our Global COVID Summit of 17,000 physicians and medical scientists from all over the world have reached consensus on the following foundational principles:

  1. We declare and the data confirm that the COVID-19 experimental genetic therapy injections must end.
  2. We declare doctors should not be blocked from providing life-saving medical treatment.
  3. We declare the state of national emergency, which facilitates corruption and extends the pandemic, should be immediately terminated.
  4. We declare medical privacy should never again be violated, and all travel and social restrictions must cease.
  5. We declare masks are not and have never been effective protection against an airborne respiratory virus in the community setting.
  6. We declare funding and research must be established for vaccination damage, death and suffering.
  7. We declare no opportunity should be denied, including education, career, military service or medical treatment, over unwillingness to take an injection.
  8. We declare that first amendment violations and medical censorship by government, technology and media companies should cease, and the Bill of Rights be upheld.
  9. We declare that Pfizer, Moderna, BioNTech, Janssen, Astra Zeneca, and their enablers, withheld and willfully omitted safety and effectiveness information from patients and physicians, and should be immediately indicted for fraud.
  10. We declare government and medical agencies must be held accountable.

Loose Tweets Destroy Fleets


Armstrong Economics Blog/War Re-Posted May 13, 2022 by Martin Armstrong

The Office of War Information (OWI) was created under Franklin D. Roosevelt to act as a propaganda machine for World War II. Americans were wary of the agency until the Pearl Harbor attack promoted the public to hand over more power to the government, in a similar fashion to how a slew of laws were implemented post-9/11. The domestic branch of OWI promoted the war in films, posters, radio broadcasts, photography, and other forms of media. Before the dawn of the internet, this is how the public learned about the war overseas.

In the World War II era, the OWI promoted the phrase “loose lips sink ships.” The US Air Force attempted to issue a similar slogan during the war in Afghanistan – “loose tweets destroy fleets.” ISIS used social media and the internet to promote its agenda and spread fear across the West. This was our first glimpse of war fought via the world wide web.

Capt. Jonathan McDonald, AFCENT Force Protection Chief said in 2015, “As social media keeps evolving and there’s more and more avenues to let your friends and family know what you are up to, those same avenues can be used by ISIS sympathizers, ‘lone wolves,’ to track down and hurt our military members outside the safety of the base. So not only is it important to not post vital mission related information, but it’s also important to not post detailed personal information to keep yourself and your loved ones safe.”

The reason this is important is because the president recently formed his Disinformation Governance Board, and there would be no better way to roll out this program than by using the guise of national security. After Pearl Harbor and 9/11, people assumed the enemy was easily identifiable. The OWI promoted the use of Japanese internment camps under the weak argument that everyone from Japan sympathized with the Japanese government and could become a threat to national security. Under the Patriot Act, we allowed the government to compile our data and screen everyone at the airport in case the enemy was undetected.

The Disinformation Governance Board will determine the next enemy. The president has already stated the largest threat to national security is the “ultra MAGA” supporters, many of whom simply voted for the other candidate in the two-party system. Russia is the enemy, China is the enemy, and YOU may become the enemy.

INFLATION – RECESSION – RISING RATES RATHER THAN LOWER RATES


Armstrong Economics Blog/Economics Re-Posted May 13, 2022 by Martin Armstrong

COMMENT: Marty, I want to thank you so much for the WEC. Perhaps you will consider doing one that is streamed in the middle of this craziness. I have listened to many analysts. But you are head and shoulders above everyone. Only you called for declining economic growth, rising inflation, and rising interest rates in spite of a recession. I understand it is Socrates that puts this all together. But we really need you now.

Please, Please, Please!

WL

ANSWER: I will consider it. My days are full and I cannot even begin to explain everything that is coming in from sources around the world. The “Stickly” core inflation, which does not include food or energy, made its low perfectly on its 31.4-year decline from the highest yearly closing in 1979 to the bottom in 2010. This is really important to understand because while food and energy are rising faster, they filter over into the core inflation and are driving that higher at a faster pace. We are looking at everything rising, much as was the case during the 1980s. Even ticket prices are rising in sports.

I understand that people THINK that Paul Volcker conquered inflation by pushing interest rates to insane levels. Let’s get something straight — the high-interest rates did NOT stop the inflation. Volcker drove the value of the dollar higher and that produced DEFLATION, driving the British pound to $1.03 by 1985.

Raising rates does NOT stop inflation; it will only increase it when we are dealing with a SHORTAGE rather than an excessive demand boom. The same result will unfold with the rising dollar BECAUSE of the rising rates and that produces deflation, but we have the stupidity of those pulling the strings in the Biden Administration and Europe for climate change. They are in power now and want to destroy as much of the energy system as they can because they fear the election cycle will swing against them so they must destroy whatever they can right now.

Food shortages will get MUCH worse into 2023, and we will see power failures this summer in different parts of the US and Europe. There are people in the Biden Administration who simply want to destroy as much as possible in the energy sector in hopes that the Republicans can do nothing if they take back control.

Senator Rand Paul Blocks Fast-Track Senate Vote for $40 Billion Additional Ukraine Funding


Posted originally on the conservative house on May 12, 2022 | Sundance 

Senator Rand Paul has blocked a fast-track senate vote on the additional $40 billion funding package created by Joe Biden and House Democrats.  Both Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell approved a fast-track vote; however, senator Rand Paul (KY) stood defiant against their effort.

Despite the high-profile pressure from the two Senate leaders, Rand Paul refused to move and that means the Senate will have to take procedural steps to overcome his objection, which could take several days. “My oath of office is the US constitution not to any foreign nation and no matter how sympathetic the cause, my oath of office is to the national security of the United States of America,” Paul said in his remarks before objecting to moving to swift passage of the bill. “We cannot save Ukraine by dooming the US economy.” WATCH:

The $40 billion supplemental spending bill for Ukraine is more than the total military budget of Russia.  The combined Ukraine aid packages now exceed $60 billion, more than the entire budget for the U.S. Dept of Homeland Security including border protection.

Rand Paul is on the right side of history with his position, and the overwhelming majority of Americans agree with him.   However, the opinion of the people is irrelevant to the Senate.   Even democrat Senator Chuck Schumer seemed to admit this point when he said Rand Paul’s position “was not the opinion of the overwhelming majority here,” meaning in the senate.  Schumer would have used other terms if he thought the American people agreed with him.  They don’t, and he knows it.