War & Justice Preview


Armstrong Economics Blog/Rule of Law Re-Posted Feb 19, 2023 by Martin Armstrong

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

Minneapolis Fed President Neel Kashkari Admits Goal is to Shrink Economy to Meet Decreased Energy Supplies


Posted originally on the conservative tree house on February 19, 2023 | Sundance

This video interview segment was sent to me today along with a “wow, you were right” message.  Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.

The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence.  Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved.  However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy.  WATCH (10:22 prompted):

The issue is quite simple, really.  When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively.  We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.

As a direct outcome of energy policy, all of the downstream products and services have massive upward supply side price pressure.  When the input prices are driving upward of 60%, the downstream prices increase accordingly.  Farming costs, fertilizer, feeding, transportation costs, food at retail and wholesale, and just about every petroleum-based product, which is almost everything, increases in price accordingly.

If supply side energy price increases are pushing +60%, and the Fed will only accept a 2% inflation output result, the only method of achieving the desired result is to shrink energy demand.  This is the goal of the current Fed monetary policy.  In this interview Kashkari admits the dynamic for the first time in public.

Prior to this interview, the Fed was being too-cute-by-half as they talked about targeting the ‘demand side’ through increased rates.  The demand they were targeting is the energy demand, but people (mostly in the financial and business world) were not willing to accept that Federal Reserve monetary policy would intentionally try to shrink the economy.

When overall energy price increases are driving upward of 60%, it is going to take a major amount of economic contraction to drop energy demand to meet the diminished energy supply.  CTH has been warning about this ultimate objective for over two years.  It’s a simple economic situation.

+60% price on the supply side, with a goal of +2% on the downstream demand side, equals a major amount of activity needing to be removed. Essentially energy use needs to drop by half.

You can put everyone in an electric car and still not even come close to dropping energy demand 50%.  You cannot “energy efficient” your way to a 50% drop in demand; there just isn’t enough waste in the system, especially when people are already paying close attention to energy use because it costs so much.

This “transition to the new green economy” is a whole of society shift.

This “transition to the new green economy”, is a multi-generational shift.

The transition includes putting people in smaller houses, stopping their travel, stopping their purchasing of new goods, taking down entire industries and limiting human activity on a massive scale.

Something akin to the COVID-19 lockdown period would be needed, only this level of diminished economic activity would be permanent.

It makes you wonder if the COVID-19 lockdown was the test to see how much energy use would drop if everyone was stopped in place.  And yes, during the COVID lockdowns, human activity did stop, economic activity did stop, and energy use did drop by the nearly amount we are talking about.

When you accept what Minneapolis Fed President Neel Kashkari is openly admitting in that interview segment, particularly as he is asked about the massive supply side costs and how that overlays, then you realize how prescient the image is below.

This image is the exact future you see flowing from the “radical transformation,” or what is also called “managing the transition“…

At the end of the transition, you have two social societies.   One social system is a massive assembly of human activity all in close proximity. The alternative social system consists of those who do not wish to be jammed into Build Back Better cities yet forced to sustain themselves because the energy production and delivery resources in the larger geography have been stopped.

Now you know why I asked the question, “where would you live” over a decade ago.

Sunday Talks, Polish Prime Minister Mateusz Moraweicki Discusses State of NATO With Ukraine and Upcoming Biden Visit


Posted originally on the CTH on February 19, 2023 | Sundance 

With a visit by Joe Biden coming up next week, Polish Prime Minister Mateusz Morawiecki discusses the status of the ongoing Ukraine conflict with Russia and the expectation of this being a long NATO supported fight.

Poland is in a weird place with their internal politics.  Domestically, their population is not in alignment with the leftist, globalist approach.  However, for the past two years -especially since the Russia/Ukraine conflict began – they appear to be walking a tightrope with U.S. policy, leaning favorably to the Biden administration.

It appears Poland is like many EU countries in the leadership disconnect from the mindset of the underlying population that grants them power, with NATO representing the corrupting influence in the disconnect.  Then again, the same could be said for almost the entire western system of government, including the United States.   Interesting dynamic to watch: 

(Transcript) – MARGARET BRENNAN: Welcome back to Face The Nation. President Biden heads to Poland this week, his second visit since Russia began its war in Ukraine. For more we go now to Polish Prime Minister Mateusz Morawiecki. Good morning to you.

POLISH PRIME MINISTER MATEUSZ MORAWIECKI: Good morning madam.

MARGARET BRENNAN: So President Biden will be visiting Warsaw, we know you’ve said President Zelenskyy will also be in Poland. What do you expect from these visits?

PRIME MINISTER MORAWIECKI: Well, I expect that there will be very strong confirmation of our resilience and our joint efforts to defeat Russia in Ukraine, because instead of saying, some Western European politicians say that Russia cannot be- cannot win this war and Ukraine cannot be defeated. We have to change that paradigm and we have to say, Ukraine must win and Russia must be defeated. And I believe that the words of President Biden will reassure all Europe, that the United States is with us in this fight for freedom and peace.

MARGARET BRENNAN: It sounds like you’re referring to the French president’s recent comments. Does NATO actually want Ukraine to win this war and regain its lost territory?

PRIME MINISTER MORAWIECKI: I believe so. I’m absolutely sure that this is the only way how we can restore peace and stability. I cannot imagine that Putin and the Kremlin winning this war, and then peace and stability is around us because the nature, the very nature of Russia is to conquer other countries. Russia has actually somewhat the worst of the 20th century, colonialism, imperialism, nationalism, and this is- this is the nature of “Russkiy mir” as they call, and this is why it’s such a critical moment in our history.

MARGARET BRENNAN: President Biden said he believes the war has to end in a negotiated settlement that’s favorable to Ukraine. You said last year, Poland doesn’t negotiate with criminals- criminals, “nobody negotiated with Hitler, would you negotiate with Hitler? With Stalin? With Pol Pot?” Are you saying peace is not possible if Putin stays in power?

PRIME MINISTER MORAWIECKI: I just came to here- to this interview from Munich Conference. Munich Security Conference, very important platform to exchange opinions today, but in 1938, there was another Munich Conference, where all the leaders of the Western world succumbed to Hitler, and they believed they- they are they are bringing peace to their countries. And one year later, the Second World War broke out. We can, of course, negotiate, but it has to be under conditions and under the definition presented by Ukrainians themselves. It’s up to them to define what- what terms and conditions can be acceptable to negotiate with- with the Kremlin.

MARGARET BRENNAN: One of Ukraine’s neighbors, Moldova, has warned that there was a plot to overthrow their government and open a new front in the war. An ally of Putin recently said that Russia should ‘denazify and demilitarize Poland next.’ Do you see evidence that Russia is going to try to move into other countries including yours?

PRIME MINISTER MORAWIECKI: Well, first of all, I can see more and more provocations around us. One of the missiles of Ukrainian defense system fell on Polish territory, killing people. And this was a direct consequence of a rocket- a rockets and missiles attack from Russia on Ukraine. A couple of weeks, a couple of days ago, another missile rocket went over the territory of Romania. It was sent over the territory of Romania and yes, I do see lots of fingerprints of Russian forces, Russian services in Moldova. This is a very weak, very weak country and we all need to help them. Poland is delivering some financial support for Moldova to survive this very- those very difficult times.

MARGARET BRENNAN: But in terms of Poland, you are in NATO, so the United States would have to come to your defense if you went to NATO and asked for it. There are 11,000 U.S. service members on rotation in Poland currently, I know your government’s asking for more. Do you have any indications from the Biden administration that they will send more troops or make them permanent on your soil?

PRIME MINISTER MORAWIECKI: We are in the process of discussion with President Biden’s administration about making their presence more permanent and increasing them. But- but I’m very grateful also for sending new Patriot systems and other very modern weapons and munitions. Because this is also, to some extent, a proxy for- a proxy for- for presence of soldiers, but of course, the two go in tandem. I also recall the words of President Biden from last fall, from his last visit in Poland, when he said that every inch or square inch of NATO’s country’s territory, is- will be defended, and Russia is not going to put any inroads into- into those countries. And I do believe that NATO countries, we are all very much secure. But it’s not only about us. It’s also about creating stability around us,, in our direct neighborhood. And if we fall to integrate Ukraine in NATO and European Union, Ukraine will always be a zone- a buffer zone, which is- which is not right.

MARGARET BRENNAN: You’ve offered fighter jets to Ukraine, Soviet-era MiG jets, the U.S. has rejected that offer in the past. Any indication they’ll change their position now?

PRIME MINISTER MORAWIECKI: Well, like as you probably recall, Madame, there were many things beyond our imagination at the beginning of the war, and then unimaginable became realizable. And so was with tanks, so was with the Patriot anti-aircraft, anti-missile- anti-rocket system. And I believe that also with fighter jets, eventually, there will be fighter jets from the West, delivered to Ukraine. Poland’s position is we can do this, but only in combination with other NATO allies, and in particular, under the leadership of the United States.

MARGARET BRENNAN: I have to let you go, but I want to quickly ask you, does the U.S. continue to raise concern to you about your own government’s crackdown on gay rights, curbing of the judicial system, and press freedom? Or have they moved those issues to the side because of the war?

PRIME MINISTER MORAWIECKI: We have no provenance of those issues whatsoever, madam. This is not the issue of war, which  actually put those questions aside. We- we’re introducing reforms to reform post-communist judiciary system, but this has nothing to do with war and other issues. We are in very frequent contact with President Biden administration. And by the way, we struck a deal. We made a compromise with Brussels, in the counter- in the format of new legislation, and I believe that those issues will- will be so on completely resolved.

MARGARET BRENNAN: All right, Mr. Prime Minister, we’ll be watching that visit. Thank you for your time.

PRIME MINISTER MORAWIECKI: Thank you. Thanks for having me.

[Transcript link]

Gate’s Plan to End World Hunger


Armstrong Economics Blog/Humor Re-Posted Feb 19, 2023 by Martin Armstrong

The Tunnel – The Real Story of Berlin


Armstrong Economics Blog/Socialist Re-Posted Feb 19, 2023 by Martin Armstrong

He Did It Again – General Secretary Admits NATO Has Been at War Against Russia in Ukraine Since 2014


Posted originally on the CTH on February 18, 2023 | Sundance 

I must admit that sometimes I scratch my puzzler, when I watch geopolitical influence agents say the quiet part out loud, and yet no one seems to pay any attention.

In case you missed it – a few days ago (2/14/23), NATO Secretary General Jens Stoltenberg stepped in front of the cameras for an impromptu presser following a meeting of the NATO Defence Ministers at NATO Headquarters in Brussels, Belgium.

General Stoltenberg openly tells western media that NATO has been in a war against Russia since 2014. That’s when the combined effort of western political leadership, led by the U.S. State Department and NATO forces, overthrew the former Ukraine government and established the country as the center for strategic military operations against Russia. This isn’t the first time Stoltenberg has made this admission.

Against this backdrop, the February 2022 military incursion by Russia into eastern Ukraine (Donbas region), can be viewed as a counter-offensive against the NATO advancement; yet, almost no one in western media seems to hold these NATO admissions as a reference point in their outlines of the conflict.  WATCH (06:07) Prompted:

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Interview: NATO military defeat to destabilize the dollar?


Click here to wWatch Martin Armstrong’s latest interview, “NATO military defeat to destabilize the dollar?” with Mike Adams.

The Corruption of the International Court of Justice


Armstrong Economics Blog/Rule of Law Re-Posted Feb 18, 2023 by Martin Armstrong

Nuclear Arms no Longer Key to Peace


Armstrong Economics Blog/War Re-Posted Feb 17, 2023 by Martin Armstrong

Russia has fitted its fleet with tactical nuclear weapons both in the North Sea and in the Atlantic. The United States and NATO have convinced themselves that they can destroy Russia and China and neither will report to nuclear weapons.  Nobody ever questions: What if we are wrong?

Once upon a time, it was PRESUMED that having nuclear weapons promoted peace. We needed the nuclear arms race to promote deterrence and thus peace. That theory is now completely dead. Everyone has nuclear weapons and now they think nobody will use them and we can now conquer foreign lands even if they have nukes. So why did we invade Iraq?

After having serious discussions about the “what-if” scenario that Russia nukes a major city in Ukraine justifying itself as did the United States with Hiroshima and Nagasaki, I found that there was no playbook for such an event and there remains nothing but disagreement as to how the U.S. would even respond. Macron has come out and stated that France would NOT launch nuclear weapons if Russia nuked Ukraine. Macron is not an insane neocon. If there was any retaliation, the cloud of nuclear fallout would be drifting over NATO countries in Western Europe. That would wipe out crop production and unleash further food shortages. We would see instead of a volcanic winter event, it would be a nuclear winter event.

Actually, most people do not realize but during the Obama administration, they conducted a war game simulating Russian use of nuclear weapons in the Baltics. Even back then, there were fundamental disagreements about how to respond. The US policy is to conquer and destroy Russia. They know this. It has been the US demanding no peace negotiations between Ukraine and Russia. Under this proxy-war reality, Russian military doctrine published since 2000 has envisioned the first use of nuclear weapons in response to a conventional threat in a regional war. This is precisely what the US and NATO are carrying out right now. Even Russia’s smallest nuclear warheads are many times the explosive power of the bombs dropped on Hiroshima and Nagasaki.

Russia nuking Ukraine has been talked about behind closed doors for months. Those in the military arm have been warning the Biden administration for several months that Russia could be pushed into a corner where they will do the unthinkable. The Biden Administration “prefers” to think they can accomplish their end goal without nuclear weapons. Those behind Putin would push the button in the blink of an eye. They see that as a serious option and believe it would end the war as did Hiroshima and Nagasaki.

There is no clear-cut scenario. Many say it would depend if they used a small nuke to wipe out Ukrainian troops rather than nuking a major city. The only thing that the Biden Administration seems to agree on is just to increase the sanctions. That will only further divide the world economy and increase the chances of world war III. Other are saying that unless a NATO country was hit by Russia, then the U.S. would not have any obligation to respond.

This leaves the door open that perhaps the ONLY way to stall World War III is to take nuclear action against Ukraine in some measured manner. With subs armed with supersonic nuclear missiles just offshore of the USA, they could take out Washington DC before Biden could even make it to a safe room. Perhaps nuking Ukraine becomes the only way to wake up the population of Europe demanding to end this warmongering. All they had to do was honor the Minsk Agreement and Putin would have no choice but to withdraw.

NATO Preparing for World War III


Armstrong Economics Blog/War Re-Posted Feb 17, 2023 by Martin Armstrong

Perhaps NATO is starting to wake up. They now realize that they may have to wage war on two fronts simultaneously. NATO is considering what they call a defensive move which is an “Article 5 conflict” but also an “out-of-area” battle. This is showing that NATO is no longer what it was supposed to have been – the defense of Europe against a Soviet invasion that never took place. The “out-of-area” is none other than China invading Taiwan. NATO is simply usurping power that it was never authorized to carry out. This, Article 5 event is an attack on a NATO member, whereas the “out-of-area” is a non-NATO member.

Clearly, we are witnessing how once power is taken, it is always abused. NATO has always billed itself as a “defensive alliance” but it has embarked on an offensive posture with Ukraine and now even Taiwan. Don’t forget, NATO joined the hostilities in Yugoslavia during the 1990s and again with Libya in 2011. Many have viewed that NATO has been usurped by the American Neocons to further their agenda of manipulating US foreign policy. That is becoming self-evident by even considering war with China and Russia.

All our sources confirm that the US has demanded that Brussels increase its defense expenditures. Everyone is expected to chip in 2% of GDP – ASAP. The US is now also expecting that it will have to fight on two fronts against both China and Russia. The Neocons are demanding higher Pentagon budgets now. They simply want war and we have no right to vote on any of this confirming once again, we do not live in a democracy, but in a dictatorship masquerading as a republic.

You NEVER go to war without weight the gains against the losses. What is taking place is the very same bankers that tried to take over Russia I wrote about in the 2000 Plot to Seize Russia, are back after 23 years and they are pleading to wage war and are licking their lips once again at seizing all the natural resources of Russia from gold and diamonds, to energy and uranium.