Posted originally on the CTH on March 19, 2023 | Sundance
This is rather remarkable and tells us something about the current status of the “western” financial system. The last sentence in today’s announcement from the FED is particularly laughable. Check this out [Source]:
That last sentence is nonsense. When was the last time the ‘central banks’ worried about the supply of credit to households and businesses? Total and complete nonsense. What they are worried about is the need to have readily available dollars, faster, to backstop banks that are supposed to beholding deposits.
Nothing quite inspires ‘global banking confidence’ like the need to swap dollars rapidly, from country to country on a daily basis, because the amount of currency in bank, within any western nation, at any given time, might disappear.
Yesterday’s monologue from Neil Oliver, and the recent personal banking story that structures his comments, is standing as eerily prescient right now. SEE BELOW:
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“This just in. Everything is fine… the liquidity of the Western banking system has never been stronger”… “Look over there folks, Trump indictment, nothing to see here folks… move along now”…
We are in the middle of a convergence of so many crises it is hard to keep track. The SWAMP in Washington has always been out of control. There is even a bill being introduced to make it illegal for congressmen and their spouses or family members to be trading on inside information. It is titled: The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. We go to prison for 20 years for what they do routinely. The Biden money payments from China will be the foundation of an impeachment proceeding. With all the Democrats did against Trump and are still at it, they have opened the door to what goes around comes around. Trump has announced the New York Democratic prosecutors are desperate to indict him in hopes of preventing him from running for President and that they will arrest him perhaps this coming week. Now the theory, since the taxes did not work, paying “hush” money to Stormy Daniels the porn star. When you have Biden taking money from China and Ukraine and everyone turns a blind eye, paying hush money to a porn star is far more important to the country?
The political nonsense that dominates a lot of boards of directors should be outlawed as fraud. The people on the board of SVB had ZERO experience in finance no less economic trends. All they do is pay mountains of cash to the Democrats and get put on boards for their political contacts. So many boards are stacked with political people, lawyers, or accountants, who have no experience in the financial markets or economic trends. If these people have ZERO experience in running a company, then they should be liable for their decisions.
We were called in by a major public company in Australia on a project to hedge their foreign exchange exposure. The quote we gave them was somewhere between $1 and $2 million back in the 1980s. They rejected it and said they would not pay more than the CEO was paid. They were clueless. I explained that we had dealing desks in Asia, the USA, and Europe and their book would have to be passed around the world 24 hours a day. They did not understand anything. They hired a 23-year-old kid to hedge their risk, he bought a Porsche and got into an accident, and while in the hospital they lost $80 million. Regulators then realized that directors should be held responsible for making decisions in things they had no experience.
We are headed into such COMPLEXITY it is off the charts. We have a convergence of so much going into April, it’s hard to say which fundamental will be the top dog. Between arresting Trump, and the revelations coming out about the Biden Crime Family, all of this contributes to the collapse in confidence in the government. Then Biden’s failure to understand the serious nature of this banking crisis and that it is the Biden Administration that is directly responsible for the crisis as it continues into April just added to the COMPLEXITY. Biden’s handling of SVB will now be seen as political since the phones were melting down from all the Democrats in California who stood to lose. Even Ophrah Winfrey had a ton of money in SVB. NBow the failure to stand behind all deposits everywhere will only make this look like a Democratic bailout.
Add to all of this, the ICC has shown that it too is politically corrupt and has been usurped by the Neocons. The ICC issued the bullshit criminal indictment of Putin orchestrated by the Neocons when in fact they have no such jurisdiction. The ICC has lost all credibility. ICC has jurisdiction ONLY over member states and that does not include the USA, China, or Russia. I reported that my sources on October 14th, 2022, were warning that the ICC was being politically manipulated not much different than the SWIFT monetary system. A team of lawyers in the UK filed a complaint with the Prosecutor of the International Criminal Court on behalf of the people. The report alleges that government officials, and pharmaceutical executives, have conspired with COVID. They did nothing.
The ICC can ONLY prosecute member states. The United States refused to join the ICC so no American can ever be tried for a war crime. The same applies to Russia, yet the ICC is trying to politically indict Putin to create World War III. The ICC has lost all integrity no different than the New York Prosecutors going after Trump for anything they can possibly find. Next will be his parking tickets.
I had dinner with people from the ICC and they acknowledged that the United States used its legal system for political purposes. They were stunning in my case. They also said they would love to bring charges against the United States for they routinely violate international law and engage in torturing people – remember waterboarding and Abu Ghraib.
In my case, I believe the banks told the CFTC to shut down our forecasting because they thought removing us would then allow them to manipulate markets. But they still blew up the world economy in 2007 and traders on the floor were calling it Armstrong’s Revenge. They never learn. They can bribe all the politicians, but that does not guarantee their trade. The CFTC refused to allow the forecasts to continue and insisted that all staff was to be fired worldwide. They rejected others offering to rent the Institute to keep it going. This was a FIRST AMENDMENT violation to shut down our forecasting to aid the corrupt banks.
The ICC told me at dinner that they would have loved to take my case, but since the US was not a member they could not bring charges against the US courts. That proves beyond a shadow of a doubt that this indictment of Putin is political and they have sold their soul to the Neocons. This was announced in hopes of threatening China with respect to their meeting with Russia to try to stop them from joining forces. The Neocons have now full control of the ICC and that prevents any peace negotiations going forward.
Then last November, the United Nations also surrendered its independence to the Neocons ensuring that we have no choice but to enter World War III. This is the agenda. The United Nations General Assembly has now adopted a resolution calling for Russia to pay war reparations for its invasion of Ukraine. This is to include the billions of dollars in damage and destruction, as well as reparations for the loss of life. The US refuses to provide any independent investigation into blowing up Nord Stream which was an act of international war. Instead, they attack the messenger. The UN simply wants to wash its hands in the blood of millions if not billions negative what it was entirely supposed to have been created for – world peace.
The world is now officially in control of the Neocons. Never in all my years did I ever expect looking at their long-range forecasts calling for a war that we would be the evil aggressors. We need the model to do its job here for we cannot even figure out on an opinion basis which fundamental will come out on top. We really desperately need members of Congress to recognize the real threat is within.
Summary: Martin Armstrong joins us in this episode to give his perspective on what’s happening in the world—addressing topics like the war in Ukraine, gold, central bank currencies, cryptocurrency, and more. We discuss what’s in store for the war and whether there is an end in sight, noting the US’ tendency to get involved in endless wars with no strategic defense. Furthermore, Russell emphasizes that the market will eventually break to the upside, and that capital will move from the bond markets and into the private sector. Tune in to this episode for more expert insight.
Press play on the audio player above or click here for my latest interview with Kerry Lutz: “The World According to Martin Armstrong Part 3, The Rise of the Neocons.”
Posted originally on the CTH on March 17, 2023 | Sundance
Before looking at the absurdity of the International Criminal Court (ICC) position, it is worth noting that Russia, Ukraine, Saudi Arabia, India, Iran, Iraq, Turkey, the United States and China do not recognize the jurisdiction of the ICC and are not member states in the organization {LINK}.
Additionally, I doubt the countries of Kiribati and Malawi are going to launch a military offensive against Russia; so, one has to ask, exactly what is this latest production about – amid the theater of World War Reddit.
The essential accusation is that Vladimir Putin took orphans out of orphanages in the Ukraine war zone and moved the children to safety in Russia. Ergo, Putin is guilty of human trafficking and abducting children.
THE HAGUE (AP) — The International Criminal Court said Friday that it has issued an arrest warrant for Russian President Vladimir Putin for war crimes, accusing him of personal responsibility for the abductions of children from Ukraine.
It was the first time the global court has issued a warrant against a leader of one of the five permanent members of the U.N. Security Council.
The ICC said in a statement that Putin “is allegedly responsible for the war crime of unlawful deportation of (children) and that of unlawful transfer of (children) from occupied areas of Ukraine to the Russian Federation.”
The move was immediately dismissed by Moscow. […] Kremlin spokesman Dmitry Peskov said Russia doesn’t recognize the ICC and considers its decisions “legally void.” He called the court’s move “outrageous and unacceptable.” Peskov refused to comment when asked if Putin would avoid making trips to countries where he could be arrested on the ICC’s warrant.
[…]Lvova-Belova, who was also implicated in the warrants, reacted with dripping sarcasm. “It is great that the international community has appreciated the work to help the children of our country, that we do not leave them in war zones, that we take them out, we create good conditions for them, that we surround them with loving, caring people,” she said. (read more)
Posted originally on the CTH on March 17, 2023 | Sundance
U.S. government officials are not happy as China confirms Chairman Xi Jinping visit to Russia next week to meet with President Putin.
In the background of the Ukraine conflict, smiling Panda has been happy to see distracted western nations bleeding their resources and treasury in support of Ukraine. Meanwhile, happy Panda negotiates and brokers increased relationships between Russia, Iran, Saudi Arabia, India and China.
There is no downside to Chairman Xi visiting Russia and advancing a position that ‘peaceful negotiations’ should begin between Russia and Ukraine, unless a resolution to the conflict is against the geopolitical usefulness of the war – which appears to be the unfortunate current status.
“The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine“…
Think about that. Remember, Ukraine is to Washington DC as North Korea is to Beijing.
KYIV, Ukraine (AP) — Chinese President Xi Jinping plans to visit Moscow next week, offering a major diplomatic boost to Russian President Vladimir Putin on the same day the International Criminal Court announced it wants to put the Russian leader on trial for alleged war crimes.
Xi’s visit was the latest sign of Beijing’s emboldened diplomatic ambitions, and came amid sharpening East-West tensions over the war in Ukraine, now in its 13th month. The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine as the “ratification of Russian conquest.”
White House National Security Council spokesman John Kirby encouraged Xi to reach out to Ukrainian President Volodymyr Zelenskyy to get his country’s perspective on the war and avoid any “one-sided” proposals.
China has sought to project itself as neutral in the conflict, even while it has refused to condemn Moscow’s aggression and declared last year that it had a “no-limits” friendship with Russia. Beijing has denounced Western sanctions against Moscow, and accused NATO and the United States of provoking Putin’s military action.
Throughout the conflict, China has said the sovereignty and territorial integrity of all countries should be respected. It remains unclear, however, whether it sympathizes with Moscow’s claims to seized Ukrainian territory.
[…] Kremlin spokesman Dmitry Peskov said Friday that Putin and Xi would have a one-on-one meeting over an informal dinner Monday. Broader talks involving officials from both countries on a range of subjects are scheduled for Tuesday.
Putin’s foreign policy adviser, Yuri Ushakov, suggested the talks could yield new approaches to the fighting in Ukraine. “I’m sure that our leader and the Chinese leader will exchange their assessments of the situation” there, he said. “We shall see what ideas will emerge after that.” (read more)
All the Neocons point to Ronald Reagan. In this same interview, Graham asked, “What would Ronald Reagan do?” Liz Cheney recently criticized DeSantis for saying Ukraine should not be a priority by invoking the Reagan card. Her dad even ran on a platform of wanting to exemplify Reagan’s policies as his own. Reagan was against communism, but the current conflict has absolutely nothing to do with communism or a fallen empire.
Ronald Reagan was the most respected Republican president since Abraham Lincoln. The Neocons, like Graham, effectively stand for everything that Reagan rejected. When I wrote to Reagan warning in 1985 that the formation of what became the G5 would lead to a crash by 1987, he ordered the Chief Economic Adviser Mr. Sprinkle to respond to me directly.
Reagan initiated the arms race to outspend the USSR during the Cold War. This too was a proxy war against the generally democratic Western bloc and the Communist Eastern bloc. He tried to avoid direct battle with the USSR as he was said to be fearful, rightly so, of nuclear war. Senators were not advocating shooting down planes, and causalities remained minimal as far as war is concerned.
Jonathan Clarke and Stefan Halper wrote in “America Alone: The Neoconservatives and the Global Order” that Republicans have “attached a Reagan bumper sticker to their motorcade [but they] ignore much of the substance: the intense arms control commitment, the summitry, the minimal use of direct American military power.” Gene Healy published an article for the CATO Institute: “Reagan Was No Neocon.”Reagan wanted to protect American democracy, but he did not want to act as a missionary spreading democracy to foreign countries.
Margaret Thatcher famously said that Reagan won the Cold War without firing a single bullet. When reading his eulogy, Thatcher did not describe a warmonger.
"Yet his ideas, so clear, were never simplistic. He saw the many sides of truth. Yes, he warned that the Soviet Union had an insatiable drive for military power and territorial expansion, but he also sensed that it was being eaten away by systemic failures impossible to reform. Yes, he did not shrink from denouncing Moscow’s evil empire, but he realized that a man of good will might nonetheless emerge from within its dark corridors.
So the president resisted Soviet expansion and pressed down on Soviet weakness at every point until the day came when communism began to collapse beneath the combined weight of those pressures and its own failures. And when a man of good will did emerge from the ruins, President Reagan stepped forward to shake his hand and to offer sincere cooperation.
Nothing was more typical of Ronald Reagan than that large-hearted magnanimity, and nothing was more American.
Therein lies perhaps the final explanation of his achievements. Ronald Reagan carried the American people with him in his great endeavours because there was perfect sympathy between them. He and they loved America and what it stands for: freedom and opportunity for ordinary people."
Ronald Reagan would be appalled to see how his own party tosses around his name to promote murder. Reagan would not sacrifice domestic policy, send “blank checks” to Ukraine, or push America into a global war with nations that have comparable nuclear capability. So what would Reagan do? He would prioritize his own nation and end this complete nonsense.
Posted originally on the CTH on March 16, 2023 | Sundance
Small to medium sized banks along with credit unions are the best vehicle for Main Street USA small businesses. Somehow in all the conversations about banking customers, this little factoid is seemingly, perhaps purposefully, overlooked. WATCH:
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