Speaker for the House of Commons Anthony Rota has resigned after embarrassing Justin Trudeau and Canada as a whole. Rota invited Yaroslav Hunka, former 14th Waffen Grenadier Division of the SS, to speak to the Canadian Parliament to impress Zelensky. The video of Zelensky and Trudeau giving this former Ukrainian Nazi a standing ovation is circulating the internet.
Trudeau had the opportunity to vet this individual before he arrived in Parliament. He is equally as responsible as Rota, if not more so, since he is the man in charge. Justin Trudeau has refused to recognize the role he played in this debacle. However, he did note that this was an embarrassment for all of Canada, especially amid the Jewish holidays.
In fact, according to Trudeau, Russian aggression and propaganda led him to salute a Nazi on the world stage. Russia has called the claims “outrageous” and “sloppy.” “Such sloppiness of memory is outrageous. Many Western countries, including Canada, have raised a young generation that does not know who fought whom or what happened during the Second World War. And they know nothing about the threat of fascism,” a Kremlin spokesperson said. He is indeed correct as history is continually rewritten.
Speaker Anthony Rota RESIGNS following Nazi veteran debacle:
"I reiterate my profound regret for my error in recognizing an individual in the House during the joint address to Parliament of President Zelensky." pic.twitter.com/vXRloA4y7j
Blaming Russia was not enough for Trudeau. Anthony Rota was forced to leave his position in shame. “It’s with a heavy heart that I rise to inform members of my resignation as Speaker for the House of Commons,” Rota read aloud to his peers. “I reiterate my profound regret for my error in recognizing an individual in the House during the joint address to Parliament of President Zelensky,” he continued, noting, “that public recognition has caused pain to individuals and communities including the Jewish community in Canada and around the world, in addition to survivors of Nazi atrocities in Poland, among other nations.”
Obviously, Zelensky did not apologize or discuss the connection between the Nazi Party and current branches of Ukraine’s military. Justin Trudeau humiliated himself here. Canadians see that he threw Rota under the bus as a scapegoat for the whole incident, and no one respects a person incapable of accepting blame. The video will live on in the archives of the internet and everyone will remember the day Trudeau and Zelensky saluted and cheered a Nazi.
As hard as it might be to believe, Canada gave 98-year-old Nazi war criminal, Yaroslav Hunka, a standing ovation in the House of Commons. Speaker Anthony Rota drew attention to Hunka and introduced him as a war hero who fought for the First Ukrainian Division. However, the First Ukrainian Division also was known as the Waffen-SS Galicia Division, or the SS 14th Waffen Division, a Ukrainian unit of Nazis under the command of German Nazis.
Earlier today, as a result of the world discovering that Canada was harboring Nazi fugitive Yaroslav Hunka, the Polish government requested his return to Europe to stand trial for war crimes. The entire episode has become a major political embarrassment for Canada. Moments after Poland sent their letter to Canada, the Speaker of the House of Commons resigned. WATCH:
From fighting Nazis, to giving them a standing ovation in the Canadian House of Commons. Quite an arc of history here; where arc’s might be shaped like pretzels.
Is the propaganda working yet? Do you believe the West is really the good guy here? Ukraine and Russia continually point the finger and accuse the other of supporting Nazis. Well, jet-setting Zelensky recently visited Canada’s Parliament where they invited a literal former Nazi from World War II to speak. Yaroslav Hunka, former 14th Waffen Grenadier Division of the SS, received a standing ovation.
The 14th Waffen Grenadier Division of the SS was a voluntary division composed of Ukrainians. Hunka retired to Canada after the war and was never punished for his crimes. Trudeau thought it would be a good idea for him to visit Ottawa and speak on Ukraine and Canada’s cooperation during wartime. Trudeau is making House of Commons Speaker Anthony Rota take the heat for inviting Hunka. “I wish to make clear that no one, including fellow parliamentarians and the Ukraine delegation, was aware of my intention or of my remarks before I delivered them,” Rota said, although he previously called the Nazi volunteer “a Ukrainian hero and a Canadian hero.”
Jewish rights groups are not accepting the apology. The Friends of Simon Wiesenthal Center (FSWC) said they were shocked to see the Canadian government celebrating the Nazis. “There should be no confusion that this unit was responsible for the mass murder of innocent civilians with a level of brutality and malice that is unimaginable,” the group stated. Trudeau has not personally apologized. Poilievre took to X to explain that Trudeau played a direct role in this embarrassing situation: “No parliamentarians (other than Justin Trudeau) had the opportunity to vet this individual’s past before he was introduced and honoured on the floor of the House of Commons. Without warning or context, it was impossible for any parliamentarian in the room (other than Mr. Trudeau) to know of this dark past.”
The modern-day Nazis continue to support Ukraine. Zelensky has already received $6.7 billion from Canada and is ready to pocket more. So, you decide if the West is still the “good guy” in this growing conflict.
However, in a remarkable escalation the U.K Parliament is now targeting Russell Brand. The British government has sent a letter to U.S. social media companies, including video platform provider Rumble demanding they take action against Brand. Not only is the British government targeting an individual and demanding action over an unproven allegation, but they are also sending a letter to the U.S. company demanding acquiescence to their censorship demand.
Standing solidly on the side of freedom, Rumble said no. However, now Rumble is the subject of a global smear campaign using a variety of media outlets and constructed controversies. Today, Russell Brand responded to the overall effort by the British government. {Direct Rumble Link} WATCH
It happens every year – the US Congress cannot disagree so they may simply shut down. They’re our public servants but we permit them to throw their hands up and shrug that they cannot work together. One of the hot topic items right now is Ukraine, and with good reason as we are $3.3 trillion in debt but those in charge believe we have unlimited funds for Ukraine.
Senator Rand Paul refuses to continually aid Ukraine in the proxy war. “Today I’m putting congressional leadership & @POTUS on notice that I will oppose any effort to hold the federal government hostage for Ukraine funding,” Paul said on X, the social media platform formerly known as Twitter. “I will not consent to expedited passage of any spending measure that provides any more US aid to Ukraine.” Rand double-downed on his views in front of his peers, saying, “It’s as if no one has noticed that we have no extra money to send to Ukraine,” he said. “Our deficit this year will exceed $1.5 trillion. Borrowing money from China to send it to Ukraine makes no sense.”
We do not have the money to spend on Ukraine – period. The money funneled to the most corrupt European country comes from US taxpayers. Biden asked for another $24 billion for Ukraine last month. Some Republicans scoffed but there are neocons on both sides who want this war. “When will the aid requests, and when will the war end?” Rand asked the Senate. “Can someone explain what victory in Ukraine looks like? President Biden certainly can’t. His administration has failed to articulate a clear strategy or objective in this war, and Ukraine’s long-awaited counteroffensive has failed to make meaningful gains in the east.” There is no victory for Ukraine. The aftermath will be bloody and expensive, and people on both sides of the fight have declared that this will be a long war.
Republicans are a minority in the Senate. Schumer will do what it takes to push through all of Joe’s reckless spending budgets that he always exceeds. Congress needs to be held accountable. A business couldn’t simply say, “Hey, we do not know what to do. Let’s shutdown operations until we figure it out.” The No Pay for Congress During Default or Shutdown Act introduced by Brian Fitzpatrick (R-PA), and Abigail Spanberger, (D-VA), that would prevent members of Congress from receiving a paycheck in the event of a shutdown. Imagine that – having to work for your pay! James Lankford (R-PA) introduced a stricter bill dubbed the Prevent Government Shutdowns Act of 2023 that would forbid these politicians from returning home until a final decision is made. There are numerous measures on the table that should be signed into law to prevent lazy government workers from holding the United States hostage.
You likely have not heard of the Pix system unless you live in Brazil. Pix is an “instant payment ecosystem” launched on November 16, 2020, by Brazil’s central bank (BCB). Pix primarily works through the use of QR codes that users use to access their digital accounts for payments. The pandemic helped push people to digitalized banking, and now the system has surpassed the use of credit and debit cards.
About 30% of all transactions in 2022 happened on the Pix system, compared to only 20% via credit cards and 19% on debit cards. Three billion monthly transactions take place through Pix and that figure continues to grow. “The adoption of Pix in society has been very intense,” commented Carlos Eduardo Brandt, head of Pix Operations at the Central Bank of Brazil. Two-thirds of the entire population of Brazil now uses Pix as it has become ingrained in everyday life. Cash transactions are in decline, dropping by a quarter since 2020. However, Brazilians once preferred cash and those in rural areas accepted their wages in the Real.
The International Monetary Fund is pleased with the success of Pix and has been studying its success. The IMF published a study this July entitled, “Pix: Brazil’s Successful Instant Payment System.” “The authorities are now able to track monthly payment and related economic activity on a granular basis by geographical location, types of transactions, and borrowers, including by age group,” the study notes. The IMF says that mandatory participation by the big banks was one of the contributing factors to Pix’s adaptation.
Every central bank is developing its own CBDC. The goal of the globalists is to combine these digital currencies into one centralized database. Although Pix is not a CBDC, it has served the purpose of acclimating the banks, merchants, and users to the idea of a cashless society.
COMMENT: Mr. Armstrong, I just wanted to say thank you so much. I was listening to the perpetual gold analysts for years who never changed their tune. It was always buy, buy, buy, and the dollar would go to zero any day now. They always looked at the Fed and the balance sheet, and when they were wrong, they blamed the bankers for manipulating gold.
I sold out in 2013, and you said gold would decline for two years. It did not crack $1,000 as you hoped, but it elected two monthly bullish reversals within two months of that low, and you said it would rally to test $2,000. You also projected that the stock market would outperform gold, and contrary to all the gold bugs, you said they would rise together. Nobody made that forecast.
I had two friends who did not listen to you. They took home equity loans to buy more gold and did not sell in 2013. The gold bugs ruined the marriages of my former friends, and both lost their houses. We no longer talk because they lost everything when I followed you. The stock market did much better. People need to understand that when you forecast the world, you see things are all connected.
Thank you so much for the education.
ED
REPLY: I am glad you understand that you cannot forecast a single market to the exclusion of everything else. The world economy is all connected. As I have said, without World War I & II, the USA would still be an agrarian society. The capital shifted, transforming the USA into the world’s financial capital. The problems with the goldbugs’ view of the world is that:
They have broken rule #1 of investing – NEVER MARRY THE TRADE.
They are prejudiced by old economic theories that have not been updated since the 16th century.
When Sir Thomas Gresham (c. 1519 – 1579) devised his Law that bad money drives out good, the metal content determined foreign exchange on the Amsterdam Exchange. Today, the backing of a currency has returned to the days of the Roman Empire. Rome was militarily superior, as is the case of the United States, when it became the #1 military power after WWII. Yet more importantly, Rome had a consumer-based economy, so everyone was proud to be Roman, for it gave them access to the largest consumer market in history. The Emperor Marcus Aurelius (161-180 AD) had even sent an ambassador to meet with the emperor of China. The United States currency is NOT backed by gold or any commodity. It is supported by a consumer-based economy, the same as Rome.
India traded with Rome. That is where the silk from China moved through India to Rome. However, India was also the supplier of dyes and spices. Rome’s coinage was worth more than the metal content of the time of Gresham during the 16th century, for there was no significant military power nor a consumer-based economy. For over 200 years, Southen India imitated Roman gold and silver coins; at times, they even weighed more in gold than genuine coins.
Here we have an imitation gold aureus of Septimus Severus (193-211AD), which weighs 11.3 grams compared to 7.1 grams for a genuine Roman aureus. That meant that the Indian imitation was nearly 60% heavier. The coinage had a premium because of the consumer-based economy in Rome, and that attributed a premium to the coinage that had NOTHING to do with the metal content. Southern India NEVER issued their own gold coinage. They imitated that of Rome. Today, many emerging markets use the US dollar and borrow in dollars.
The world has changed – I hate to tell them. The old theory of the Quantity of Money does not hold up under any correlation. The nonsense that gold rises with inflation has ruined many and bankrupted others. The central banks have used this theory supported by Keynesian Economics, and it has utterly failed. We have ballooning national debts thanks to Austrian Economics, which propagated the idea that borrowing rather than printing would be less inflationary because you were not creating more money – you were supposed to be draining the money supply. Everything is connected. If a foreign investor buys property in the United States, his money, be it in euro, yen, or yuan, is converted to dollars, and the domestic “real” money supply increases, for the seller, now has that cash to spend. This is not accounted for in any of these antiquated theories.
It is time we reassess how the modern economy of the 21st century truly works. Currency pegs, gold standards, and schemes like the G5 Plaza Accord, which tried to lower the value of the dollar to reduce the trade deficit being oblivious to the fact that they also lowered the value of foreign investment in the dollar, have done nothing but create confusion and economic chaos. Central banks have nothing other than the old-fashioned 16th-century theory of the quantity of money to play with.
Keynes added to the chaos by advocating, like Marx, that the government had the power to control the economy. Keynes advocated the end of Laissez-Faire in 1926. Yet, before he died, Keynes admitted that he was wrong. Nobody paid attention because once the government seized that power, they refused to hand it back to the people.
Gold is NOT a hedge against inflation. It declined for 19 years after 1980 when inflation rose, as did the national debt. Gold is a hedge against the government. That will be why it will make new highs on the 4th run – not because of the Fed or the CPI.
I am finishing up a new book on this crisis in theory. Not only have the godbugs been wrong, but so have the central bankers and those in government. It is time we take a closer look at how things truly function that apparently, like Thomas Gresham, it takes someone to observe reality from a trader’s perspective.
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