Putin Forgive All Debts of Soldiers Wounded or Given Medals of Honor


Posted originally on Sep 16, 2024 by Martin Armstrong |

Putin signs

The Russian government is completely writing off all debt, mortgages, and loans for their soldiers who were wounded or received awards for service in Russia’s Special Military Operations. American soldiers get assistance but not an exoneration of mortgages and debts. Putin also ordered the country’s military to expand to 1.5 million active troops, bringing the total military personnel to nearly 2.4 million. The growing prospect for World War III continue to unfold.

Why Putin Says He Prefers Kamala Over Trump: Michael Tracey Explains


Published originally on Rumble By Gen Greenwald on Sep 7, 2024 at 7:00 pm EST

Forecasting RecessionsForecasting


Posted originally on Sep 10, 2024 By Martin Armstrong |  

COMMENT: Mr. Armstrong, I find it incorrigible that everyone now claims recession when they have never predicted a recession before. That was clear from the video you had of Larry Summers, who admitted nobody could do that. It is very strange how you are the only person who has ever forecast recessions and new highs in markets when everyone was called the opposite. Even in August, you had these people clamoring for an emergency rate cut while you said it was a three-day plunge and a new high would follow.

US GDP 4 25 24

I looked back, and even in your April 25, 2024 post, you said a recession would follow the ECM turn on May 7th. Nobody gives you credit. They all copy you. But without you, they have no forecast. They are stupid, for what you have done is essential for society. These people want to pretend they are something they are not.

They do not even understand what makes a recession unfold.

Thank you so much. I wish people would be honest and give you credit, for that is the only way to hope for what comes after 2032. All they do is plagiarize you.

Peter

ECM 2020 2028 R

REPLY: Sadly, what you are describing is human nature. We are a flawed species – tragic in so many ways, like a Greek play. We seem to cling to our expectations of a just and moral world when history records anything but morality. And Thraymachus basically said JUSTICE is always the same – the self-interest of those in power – JUST US is the real spelling.

We have Europe and South America censuring free speech because the LEFT does not believe in civilization; they only see their own self-interest. Their failure in life is caused by the success of others—never themselves. As a species, we seem to believe there is ethical meaning behind everything when we live in an unethical and meaningless world that bathes only in self-interest.

Recession Global

I understand what you mean. Only this model has projected booms, busts, and recessions decades in advance. We have to learn to live with the cycle. Pretending you called a recession from a gut feeling or just looking at US statistics is a joke. We are all in this together. The US cannot withstand a global recession. That is why I say we are all connected. When you have the Neocons threatening war on four fronts, China, Korea, Russia, and Iran, the future is colored with uncertainty. That results in the contraction of spending.

Then, inflation is set in motion by shortages and tax increases. Throw in Kamala’s taxation of unrealized gains and make it only the billionaires. They are then forced to see stock to pay the tax, and you create the biggest crash in history that wipes out people’s pensions. NOTHING takes place in isolation. NEVER do the Democrats ever once question their spending. They are Marxists and must constantly promise more, never less, and that necessitates endless tax increases that always reduce GDP.

InvisibleHand 2

It’s always the invisible hand – we all act in our own self-interest.

Russia-China Alliance Has Crushed OPEC; Western Sanctions Lead To “Dark Ships” Evading Sanctions


Posted originally on Rumble By Bannons War Room on: Sep 5, 2024 at 08:00 pm EST

Will Rate Cuts Help Canada?


Posted originally on Sep 5, 2024 By Martin Armstrong 

The Bank of Canada building

The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor Tiff Macklem said that was reason enough to drop rates to attract investment.

“If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate,” Governor Tiff Macklem said in a prepared opening statement. Canada’s GDP grew at a faster rate than anticipated during Q2 after growing 2.1% vs the 1.8% forecast. Unemployment remains high at around 6.4%.

The bank acknowledges that these cuts will not impact the housing market. “With the share of CPI components growing above 3% now around its historical norm, there is little evidence of broad-based price pressures. But shelter price inflation is still too high. It remains the biggest contributor to overall inflation, despite some early signs of easing.”

Will these rate cuts cause any major changes in Canada’s economy? Absolutely not. In 2016 under the Liberal government, the total private debt of the Canadian public exceeded the total national GDP for the first time in history after reaching 100.7%. Canada’s national debt spiked to $1.501 billion USD in March of 2024, a $1.423.3 billion USD increase from March 2023. Gross debt was 117.2% of GDP in 2021, above pre-pandemic levels at 105.6^ in 2019. Half of Canada’s debt comes from the federal government while the other half is from provinces and local governments who have been given the green light to continue spending.

CanadaHouseholdDebt

Canada is deeply indebted and now ranks the third-highest nation in terms of household debt in the worldI reported in July how household debt exceeded 100% of GDP with no signs of slowing under the Trudeau Administration that recklessly spends with no end in sight. Switzerland and Australia are the only nations exceeding Canada’s debt levels. Government debt has SOARED in recent years, now exceeding C$1,139.98. This figure was only C$721.36 billion in 2020 before Trudeau used the pandemic as an excuse to bulk up social programs.

The population of Canada has exploded to the highest level in history thanks to open border policies. Canada, like all the other Build Back Better nations, has the funds to support every foreign interest and war while placing their citizens last. Rate cuts can do absolutely nothing when the government is borrowing against future generations.

Why Formal Education Can Be Just Propaganda


Posted originally on Aug 29, 2024 By Martin Armstrong 

Galbraith Great Crash
Herbert Hoover Memoirs

When I was in high school history class, I had to read Galbraith’s The Great Crash. It was not until I came across a two-volume set of Herbert Hoover’s Memoirs that my eyes were pulled open. Nowhere in Galbraith’s book was there ever any mention of a 1931 Sovereign Debt Default because he was a Socialist, and the object of his book was to pin all the blame on corporations and the rich. He omitted everything that ever remotely pointed to the government as a cause. We should all own nothing, shut up, and be happy. Speak up, and today, you go to prison for Free Speech.

The conflict surfaced in my mind in high school. As I have said, in physics class they said nothing is random. Then in economics class, they said everything is random so government has the power to manipulate society and prevent recessions. That was a conflict to me that began my questioning of what I was being taught.

It is becoming painfully obvious schools are programming children for political agendas. This is very Stalinistic, for he, too, instructed children that the state was their parent and if their biological parents ever said anything against the state, they were to report them.

It has gotten far worse than when I was a kid. They were trying to brainwash us that the government is good and the corporate world is all evil. Today, that has gone into being gay, changing your gender, and not telling the parents like Stalin for the State is your parent. This is a movement to reduce the population to make Schwab, Gates, and Soros happy.

What does this all say? Today, if I had to start over, I would choose homeschooling.

(read Chapter on 1931)

Hoover Quote

Trade Between the EU and Russia Plunges to 24-Year Low


Posted Aug 23, 2024 By Martin Armstrong 
World Trade 2

Sanctions and a mysteriously erupted underwater gas pipeline have led to a dramatic decrease in trade between the European Union and Russia. In June, trade between the two fell by 10% to  €4.9 billion, marking a low not seen since September 1999, when trade fell to €4.6 billion.

Russia continues to export gas (1.1 billion euros), oil (333 million euros), as well as iron and steel (164 million) to the EU. Overall, Russian goods to the EU fell 14% in June on a monthly basis to 2.5 billion euros, the lowest level since February 1999.

European products received by Russia declined 5% on a monthly basis to 2.4 billion euros. Russia still relies on the EU for pharmaceuticals (634 million euros), equipment( 262 million euros), and optical instruments (203 million euros).

Sanctions do not eliminate demand. When we look at neighboring OR neutral nations, we see a dramatic increase in trade. The EU in particular is buying Russian goods from third-parties at a mark up. Russia’s trade with Romania and Bulgaria increased by 15%, for example.

The main thing here is that Russia is lush with natural resources and fossil fuels. There are not many alternatives for Europe in terms of fossil fuels, especially since America lost its energy independence under the Biden Administration. The demand for Russian fuel has not waned so Western nations are simply forced to purchase the same exact product from a third party. Russia has effectively been selling oil to nations like India who then turn around and sell it to the West at a premium

Russia does not need to adhere to the G7 nation’s price capping regulations. Pettiness is poor business, and simply attempting to ostracize a necessary trade partner from the global market has backfired in a major way. Now nations like those under BRICS are trading freely without Western interference and it is becoming overtly apparent that sanctions do not work. Is it any wonder that Turkey wants to join the BRICS alliance despite its alignment with NATO?

Money is power. Some wiser world leaders will oppose the one-world method of agreeing to collectively embark on poor economic policies to benefit the greater good of the alliance. Hence why nations like China and India have not bought into the climate change policies set by a greater authority. The nations who chose to invade Russia through a proxy war in Ukraine have made a terrible financial decision that will significantly harm their economies for years to come.

Funding Ukraine Through Frozen Russian Assets


Posted originally on Jul 29, 2024 By Martin Armstrong

G7_Leaders_Reach_Deal_to_Unlock_Frozen_Russian_Assets_for_Ukraine 6 13 24

EU Economic Commissioner Paolo Gentiloni has claimed that the Group of Seven (G7) will release $50 billion in frozen Russian assets to Ukraine by October. These leaders agreed at the last meeting on June 13 that they would indeed take the money they confiscated from Russia and provide it to Ukraine in terms of a loan.

They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelenskyy is too busy stuffing his pockets to actually care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

Ukraine War Wealth

The Pandora Papers revealed that Ukraine had the highest number of politicians from any country with a secret offshore account. Even Forbes Magazine said that Ukraine owes it to the West to clean up the outrageous corruption. NATO could not even permit Ukraine entry due to its overtly corrupt politicians.

These nations are teetering on the edge by using these assets as collateral. If they were to actually give Ukraine the frozen assets, Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations. These actions by the G7 completely violate international law. What’s more, these nations are now threatening foreign banks in nations like India to cease funding Russia or risk being debanked or blacklisted by the United States and Europe.

No sum is ever enough for Ukraine. Zelensky is demanding the full $300 billion in frozen Russian assets. Reports state that the income generated from the $300 billion has only reached $3.2 billion on an annualized basis at this time. Yet, the European Commission released $1.6 billion to Ukraine on July 26, which does not include the proposed $50 billion incoming loan.

“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” European Commission President Ursula von der Leyen proudly stated. She forgot to add that 90% of these funds will go right back to Europe to reimburse them for the aid they have sent Ukraine. It is beyond morally corrupt to recirculate illegally confiscated assets in this manner.

“The extraordinary revenues generated in this context by the EU operators do not belong to Russia and are held by CSDs,” or central securities depositories, the EC released in a statement. “The EU has now started to channel these revenues to Ukraine.” So, the commission felt they could steal assets from Russian people and corporations simply residing in a country they sanctioned? Europe is not at war with Russia, technically, and neither is the rest of the G7. Ukraine is not a member state. The West unleashed a new form of economic warfare that would be used against them as any “unfriendly” nation could easily turn around and withhold funding from another country.

Russian President Putin Pledges to Reciprocate if U.S. Places Long-Range Missile Systems in Germany


Posted originally on the CTH on July 28, 2024 | Sundance

I can tell you from firsthand recent experience, Russia has psychologically prepared the citizens of the country for war against the West, if that is what’s needed.

The Russian people do not want war but trust me – they are a hardened nation filled with people who are used to hardship in comparative terms to Americans and Europeans. Their military bases are full of trainees, and the streets have as many young men in fatigues as they do business attire.

The roads and highways are full of not-so-subtle billboards preparing the nation. There are posters on the streets and in the subway stations, and flyers in almost every business, shop, office and retail location preparing the citizens of Russia.  There is also a very cold and deliberate tone in all of the expressed government information about preparation.  In short, they’re ready.

POLITICO – Russian President Vladimir Putin threatened to deploy missiles within striking distance of the West should the U.S. move forward with its missile deployment in Germany.

Russian President Vladimir Putin threatened a tit-for-tat response should Washington deploy long-range missiles in Germany, saying Moscow would answer by placing similar missiles within striking distance of the West.

Washington and Berlin announced earlier this month that the U.S. will deploy the arms in Germany starting in 2026, along with Tomahawk cruise missiles and developmental hypersonic weapons. The missiles “have significantly longer range than current land-based fires in Europe,” the White House said in a statement.

The move is meant to show the U.S.’s commitment to NATO and its European allies.

In a speech on Sunday to mark Russian navy day, Putin accused the U.S. of escalating tensions, saying “we will take mirror measures to deploy, taking into account the actions of the United States, its satellites in Europe and in other regions of the world,” Reuters reported.

The Intermediate-Range Nuclear Forces Treaty — signed in 1987 — banned ground-based missiles with a range of more than 500 kilometers. The U.S. withdrew from the treaty in 2019, citing Moscow’s development of the 9M729 ground-launched cruise missile, known in NATO circles as the SSC-8. (Read More)

RUSSIA TODAY – Russia will consider itself free from a moratorium on the deployment of medium and shorter-range missiles if the US places missiles in Germany, Russian President Vladimir Putin has said in an address to sailors at the Navy Day parade in St. Petersburg.

Earlier this month, the US and Germany announced plans to deploy long-range precision missile systems in Europe. According to a joint US-German press release dated July 10, the US “will begin episodic deployments of the long-range fires capabilities of its Multi-Domain Task Force in Germany in 2026.”

Putin called this announcement “noteworthy,” as such a deployment will put important Russian state and military facilities, administrative and industrial centers, as well as defense infrastructure within the reach of the weapons. He noted that the flight time of such missiles to targets on Russian territory would be about ten minutes, and that they could also be equipped with nuclear warheads.

“This situation is reminiscent of the events of the Cold War related to the deployment of American medium-range missiles in Europe,” Putin stated. He said that while Russia has long left the Cold War in the past, the US “did not reciprocate.” The president warned that if the US goes through with the missile deployment plan, Russia will respond accordingly. (read more)

I know exactly where that speech was given, and I have seen the naval combat training center therein.

Vladimir Putin is not bluffing.

Russia Raises Taxes to Fund War


Posted originally on Jul 15, 2024 By Martin Armstrong 

Russia 5 Rubles

The people always lose in times of war. Vladimir Putin is looking to the Russian civilians to help fund the war that has lasted far longer than anticipated, thanks to Ukraine having backers with deep pockets. The flat tax rate of 13% that Putin implemented when he took over for Yeltsin in 2001 is being ratified for the first time I nearly 25 years.

Families earnings under 2.4 million roubles ($27,312.14 USD) will maintain the 13% rate. Those earning between 5 and 20 million roubles (>$227,592.80 USD) will face a flat tax rate of 18%, while those earning between 20 million to 50 million roubles (%$568,982.000 USD) will face a 20% tax. The highest earners bringing home over 50 million roubles annually will be taxes 22%.

Now, this is still a light rate of taxation compared to what we see elsewhere. Still, people and businesses alike are displeased. The corporate tax rate will rise by 5% from 20% to 25%. The government expects to generate an additional 2.6 trillion roubles in revenue once the tax is implemented next year.

Russia’s Finance Ministry believes that 2 million people, 3.2% of the working population, will see a rise in their taxes. Taxes on investments will not change. “The changes are aimed at building a fair and balanced tax system,” Finance Minister Anton Siluanov said, adding that the additional funds would bolster Russia’s “economic well-being.” He said the tax hikes will help fund social spending, including state child support and Russia’s pension fund.

It is almost unheard of for a nation to maintain the same rate of taxation for two decades. The flat rate was big selling point of Putin’s success and popularity among the Russian people. Yet, wages in Russia have also risen at the fastest pace in over five years, with a 7.3% uptick in 2023. Russia is expected to spend at least 40% of its budget on the war in Ukraine. Russia now must prepare for a prolonged war as NATO has become heavily invested and has backed the country into a tight corner.