Posted originally on the CTH on December 13, 2024 | Sundance
A CODEL or Congressional Delegation, is DC speak for a taxpayer funded vacation. Apparently, Nancy Pelosi fell down a marble staircase in front of all the lawmakers and dignitaries during an official visit at the Grand Duke’s palace in Luxembourg.
According to media in the region, she suffered a fractured hip. Democratic Rep. Nancy Pelosi, 84, was hospitalized while abroad on a congressional delegation, her office said on Friday.
[VIA ABC] – […] “While traveling with a bipartisan Congressional delegation in Luxembourg to mark the 80th anniversary of the Battle of the Bulge, Speaker Emerita Nancy Pelosi sustained an injury during an official engagement and was admitted to the hospital for evaluation,” her spokesperson Ian Krager said in a statement.
“Speaker Emerita Pelosi is currently receiving excellent treatment from doctors and medical professionals,” the statement read. “She continues to work and regrets that she is unable to attend the remainder of the CODEL engagements to honor the courage of our servicemembers during one of the greatest acts of American heroism in our nation’s history.”
“Speaker Emerita Pelosi conveys her thanks and praise to our veterans and gratitude to people of Luxembourg and Bastogne for their service in World War II and their role in bringing peace to Europe,” Krager added. (read more)
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 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 Oct 29, 2024 By Martin Armstrong
QUESTION: Marty, I know you will not say who you advise, but we know you were the only Western analyst called in by China during the Asian Currency Crisis. People have also seen you in India at that famous hotel that the terrorists attacked. China even issued a white paper on how their central bank uses Capital Flow Analysis, which you invented. That said, my question is: The BRICS had everyone expecting a gold-backed currency if that failed. You also said in an interview that the new BRICS currency would not displace the dollar. Would you comment on why a gold-backed BRIC note would fail since they seem to have taken that position from you?
QB
ANSWER: The BRICS currency was created for geopolitical reasons when the Neocons transformed the SWIFT system into an economic weapon and even threatened China that they would do the same to them if they supported Russia. Once that occurred, the Neocons transformed the entire world’s monetary system into a weapon of war. That is why we have the BRICS. It had nothing to do with killing the dollar or backing their currency with gold.
Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. Look—a gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is gold does not eliminate inflation or deflation. All the gold discoveries during the 19th century in California, Alaska, and Australia caused havoc economically. Then there were wars. The fact that gold was the currency did not prevent inflation.
Spain defaulted 7 times. All the gold and silver they brought back from the New World caused massive European inflation. Those who preach that a gold standard is the answer know nothing about history.
They blame “fiat currency” as if this will solve all the problems by eliminating it. There were booms and busts throughout ancient times long before there was paper money. ALL currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they had a premium over gold – fiat. Northern India and the Kushan Empire did issue their own coinage mainly because they traded more with China. Southern India stuck imitation Roman gold coins for about 250 years. That confirms that the Roman coinage was worth more than the metal content.
BRICS Will Not be a Gold-Backed Currency or a Dollar Killer
They made the same claims about the Euro. That, too, did not work out well. Why? The value of a currency is the productive capacity of its people—not its gold reserves. Japan and Germany lost the war and rose to the top of the economic food chain because their people were productive. The United States has the largest CONSUMER-BASED economy, so everyone needs to sell their products here. That means that they must sell in dollars. The US is also strong militarily. That also adds to the foundation of the currency.
It is time we abandon all of these old, stupid economic theories, leftovers from the 18th and 19th centuries. The economy has evolved since then. The Neocons are destroying the dollar. They are undermining the future of the United States, and when we lose another one of their endless wars, the financial capital will shift from New York to Beijing. Just as war killed Britain, so will it kill the dollar and the United States.
Posted originally on the CTH on October 28, 2024 | Sundance
The nation of Georgia has learned from watching what the USA did in Ukraine; they want no part of it. The “Georgia Dream” party is essentially the Georgia equivalent of the U.S. MAGA party. Pragmatic, clear-eyed, nationalist-minded voters who do not want the CIA arm of USAID meddling in their affairs.
The majority of the people in Georgia do not support the continual bloodshed in Ukraine, they are pragmatic with their views toward Russia, and they don’t want the USA and Brussels determining their politics for them. Georgia Dream is like a Georgia-First party. They had an election last weekend and retained control over parliament.
Once again, Brussels leadership just cannot accept the result of the Georgia election and have vowed an investigation. The U.S. is promising to punish the people of Georgia for supporting the conservative government. A previous application to join the EU bloc is now in limbo, as Brussels and the U.S State Dept now try to figure out their next steps.
Making matters worse, the Georgia people voted to support a referendum that requires any political activist group to make the source of their funding from foreign government a matter of public record. Georgia’s opposition political parties will now have to reveal if they get more than 20% of their activist funding from the USA (they do). This type of transparency makes a color revolution more difficult. Hence, the EU and USA are very angry.
According to the process, Georgia’s Prime Minister Irakli Garibashvili does not want expanded war with Russia. Therefore, just like Viktor Orban (Hungary), the prime minister of Georgia was targeted for removal and replacement with a pro-war leader.
Yes, if you want to have a Foreign Agent Registration Act in a nation where the United States is the foreign actor, then you must be a Kremlin stooge. So goes the argument. It would be a lot more difficult for the U.S. to meddle in foreign countries if the people receiving the money from the U.S. had to disclose it to their citizens.
Posted originally on Oct 28, 2024 By Martin Armstrong
Kuwait has forced over one million citizens to hand over their biometric data in one of the most extreme pushes for digital ID. Kuwait introduced a national electronic ID (eID) that they say will assist with identification verification, digital signatures, E-government access, and the secure exchange of data. The deadline to file for this mandatory program was September 30 and the consequences for failing to comply were swift.
On October 1, the Ministry of Interior announced that those who failed to submit their data would be prohibited from all electronic services such as withdrawals, transfers, and account transfers. One cannot even withdraw cash. Around 35,000people have been blocked out of their bank accounts and are unable to even view the balance. A few weeks later, those in noncompliance has their electronic bank cards deactivated. Visa, MasterCard, and K-Net all abided by the government’s rule.
Beginning on November 1, The Kuwait Banking Association stated it will implement a “complete block” on all accounts, which means one cannot even withdraw funds if they go to the bank in person. Expatriates have until December 31 to submit their biometric registration.
The government has reported an uptick of 6,000 new registrants per day compared to 600 since they began blocking citizens from accessing their own bank accounts. The government called this a “phased approach,” believing they’ve offered leniency to the public.
The issue here is that governments globally are strapped for funds and believe that they can increase revenues by at least 35% if they hunt down their citizens for taxes. Then we have the layer of the Great Reset put forth by Klaus Schwab and the World Economic Forum that is aiming to create a One World Government complete with a global database to track absolutely everyone. Australian journalist Maria Zaric has called it a “digital prison.” Once you’re locked in, you’re locked in. People will be less likely to speak out against the government, protest, or refuse vaccinations if they know their government can immediately exile them from society. This is more than a mere identification as it provides the government with instant access to all of your information and they will track your every movement. This is only the beginning of a massive wave of tyranny. Our computer has been warning that we have been entering into a more authoritarian mode that will reach a head in 2032.
Posted originally on Oct 11, 2024 By Martin Armstrong
J.D. Vance brought up the topic of the CB One application during his debate with Tim Walz. The majority of Americans were largely unaware that the federal government has been operating a special app to fast-track asylum status to migrants throughout the world.
The app was first launched in October 2020, designated as a single portal to Customer and Border Protection (CBP). However, in January 2023, the Biden-Harris administration repurposed the app to streamline the process of permitting migrants into the country. “So there’s an application called the CBP One app where you can go on as an illegal migrant, apply for asylum or apply for parole and be granted legal status at the wave of a Kamala Harris open border wand. That is not a person coming in applying for a green card and waiting for 10 years. That is the facilitation of illegal immigration,” Vance said on the debate stage.
Between June 2023 and June 2024, over 170,000 migrants accessed CBP One to quickly enter the United States. Haitians, Mexicans, and Venezuelans have been the primary users of this app. The app saw 1,450 appointments per day in June, a 50% uptick from the month prior. Anyone from any nation can simply sign up, enter America, and receive their free taxpayer-subsidized life.
The truth is that Joe Biden and Kamala Harris have no budget when it comes to the migrants as they will spend everything and then some to flood America with illegal migrants. Then they turn around and say they’ve run out of funds for their own citizens who have been paying into the system their entire lives. CBP One is like an Open Table reservation app that lets absolutely anyone come to America to leech off our resources.
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