Of course, the Goldbugs always misinterpret a rally in gold. The buying coming from China is in preparation for war – not bullish gold for the sake of gold. I have warned that if war was coming, then you will see China start to sell off US Treasuries. You certainly do not fund your adversary’s war against yourself.
China was buying aggressively during January, but they have backed off slightly. January was simply the standard 3-month reaction. The strong gold buying from China corresponded to China’s accelerated selling of U.S. Treasuries.
China is not buying gold because they think it will rally. It is perfectly fine if the price declines and just consolidates. They know war is coming and they can no longer maintain their reserves in dollars, euros, or yen no less than anyone else in the West – it all must go! Gold offers a non-political affiliation – neutrality. This is not buying gold as if it were an investment. We have completely different motives going on. Our own model warns that by 2032, there will be no United States acting as the reserve currency. The Biden Administration has done everything perfectly to destroy the world economy and the sad part about it, these morons do not even understand what they have done.
Tony, a reader, sent in a question. Message: “Mr. Armstrong what do you make of attorney general Merrick Garland’s recent approval to seize all of Russia’s assets that had been frozen in the United States to be given to the Ukraine?” Garland is violating every principle of international law. Denying Due Process of Law which comes from the Bible. When Cain killed Abel, God summoned him and gave him an opportunity to be heard, despite the fact he knew what he did. That is Due Process of Law – the right to be heard. What Garland is doing is outright unconstitutional and it is Treason to the foundation of every principle upon which this nation was founded.
The right to be heard resides in both the Sixth Amendment as well as the Fourteenth Amendment. A right to hearing entails that an individual maintains and be afforded the legal right to be heard in the venue of a court of law with adequate due process attached. Garland has shown he is violating the Civil Rights Act and is unworthy of holding any office whatsoever. If he were not in charge of the Department of Justice, he would be criminally prosecuted under 18 U.S.C. § 241.
18 U.S.C. § 241
Section 241 makes it unlawful for two or more persons to agree to injure, threaten, or intimidate a person in the United States in the free exercise or enjoyment of any right or privilege secured by the Constitution or laws of the United States or because of his or her having exercised such a right.
You cannot take anyone’s assets without Due Process of Law – PERIOD!
The confiscation of Russian assets is a clear violation of international law. They are including money confiscated from individuals as well. The destruction of NordStream was an act of economic warfare. These are acts that demonstrate what I have been saying – this is a war to DESTROY Russia. That is why Zelensky has instructed no peace negotiations. This has been planned for the fake Minsk Agreement. The West wanted to conquer Russia and they are prepared to see every Ukrainian die to weaken Russia so they will then send in Poland with tanks to conquer Moscow.
We are the aggressor. This is a Climate Change War and the end goal is a New World Order with one government. The current monetary system is collapsing. I believe Schwab’s Great Reset is our 2032. He knows our model. He realizes it is all collapsing. He is out to push it in his direction when the tree of liberty falls.
The current administration of the United States is out of control. It is destroying everything that we have worked for generations since World War II and it now even supports the nazis we once fought against.
I reported last week that my source from Ukraine, not Russia, was placing the Ukrainian military casualties at 150,000 with 35,000 unaccounted for – missing in action. Including the civilian deaths, over 250,000 people have died. Ukraine is losing the war. With the UK claiming they will now train Ukrainian pilots and provide fighter jets, this is obviously putting the UK at risk and such pilots with a few weeks of training will only crash and burn.
Our targets coming into play for April and May are critical. We see major shifts in the financial markets coming even by June. The West has sacrificed the Ukrainian population in an effort to weaken Russia so they can run in and destroy Russia. Just as their plans for the Iraq War and Vietnam never worked out, this is only risking the security of the entire world for this Neocon nonsense where they always love war and hate every Russian – period! There is absolutely no reason for this war. It has been deliberately provided by the West.
This time, our computer warns, perhaps like the Oracle of Delphi, who told the King of Lydia that if he waged war against Persia, he would destroy a great empire. He presumed that meant Persia and his own. Socrates confirms the West will lose this one. This is totally unnecessary and pointless. We stand absolutely NOTHING to gain from this war – only losses. The Neocons always want war and they NEVER think what if they lose?
Some believe that supplying these arms is merely pretending to support Ukraine for they know that this will not prevent their loss. The West will be in a position to then wage war against Russia directly and they are hoping for Putin to attack outside of Ukraine to be the excuse. They will use Ukraine as a play for revenge against evil Russia. They have pumped out nothing but bullshit propaganda knowing that Ukraine stood ZERO chance of defeating Russia.
The West will then count the dead civilians and proclaim that they are just going in to wage war against evil Russia lying to the people with every breath they take. So get prepared, for as we cross into 2024, we will be approaching 51.6 years since the end of the military draft in the United States. Thedraft law was due to expire at the end of June 1971. But Nixon decided it needed to continue and asked Congress to approve a two-year extension. In March 1973, 1974, and 1975. The Selective Service had assigned draft priority numbers for all men born in 1954, 1955, and 1956. However, the draft was never extended. It will probably be reinstated in 2024/2025.
Col. Douglas Macgregor has come out stating very clearly the reality of Ukraine.
The human costs that these disgusting politicians lie to our faces, look down upon us as the scum beneath their feet and then pretend they actually care.
People are leaving Facebook, Instagram, Twitter, and were moving to Parlar. Google and Apple removed the Parlar APP and then Amazon kicked then off of AWS. This is a complete purge going on of all conservatives. We are in the midst of nothing short of a real live Russian version of a revolution. Cheer up – you get to see what it was like to live history in a major confrontation between left and right. But make no mistake about it, the super-rich remains in power just behind the curtain. They own the press and social media while they use the virus to prevent people from gathering or organizing. It is their way or no way. Their motto: Resistance is Futile!
Some people have accused me of being a Putin Supporter, which illustrates just how brainwashed they actually are. In war, you must demonize the leader of your opponent to fire up the people to convince them they should die on the battlefield for honor and privilege. This is a military strategy. They demonized Sadam Husein and they tried the same thing with Assad of Syria. They paint such leaders as evil demons and if we go in and overthrow the government, the people will cheer and give us a ticker-tape parade. This was a purported goal of invading Iraq.
Putin clearly believed in the Minsk Agreement. He sought to explain it to Zelensky before the war. Zelensky turned his back on the agreement because he was instructed it was never intended to be implemented. It was only to fool Putin and buy time to raise an army to wage this war to destroy Russia. That was the plan from the very beginning.
Since then, Merkel in response to asking why she is not telling Ukraine to comply with the Minsk Agreement has let the cat out of the bag – it was all fake. She admitted, now confirmed by all other world leaders there in Europe, that the West NEVER intended to honor that agreement. They played Putin for a fool. It was carried out only to buy time for Ukraine to raise an army. That has now put the world on notice that conducting any kind of a peace agreement with the US and Europe, forget it. They will never comply! Merkel has confirmed to the world that our Western leaders wanted war, intended to create war, and the end goal was to destroy Russia.
The West wanted this war both to hide their monetary failure, but also for climate change. They talk behind the curtain about how Russia must be destroyed to save the planet because 50% of their GDP was producing fossil fuels. Even British Petroleum has put out an internal report confirming that the Ukraine war was accelerating the shift to green energy.
The West instructed Zelensky there would be no settlement with Russia. They do not care if all the Ukrainian civilians die for climate change. It’s a noble cause – just ask Al Gore and Kalus Schwab. They want to reduce the population as well. That has been Bill Gates, his father, and David Rockefeller’s dream. Remember Hitler’s Eugenics?
Zelensky was to wage war until the last Ukrainian died on the battlefield. United Nations (U.N.) Secretary-General António Guterres cited the Russia-Ukraine conflict as one of his major worries, saying that the “prospects for peace” between the two countries amid the nearly one-year conflict continue to diminish. Of course, when it has been the Western leaders who instruct Zelensky to destroy his own country so he will be able to live in luxury in Florida.
It is interesting how the West justified invading Iraq because Saddam had weapons of mass destruction – nukes. Of course, there were none. They hanged Saddam anyway. They were there to liberate the people. They bullshit themselves every time that they are the people with the white hats. Remove that world leader and the people will cheer. It has NEVER unfolded even once under that nonsensical theory of self-aggrandizement.
They now call Putin a war criminal because of the death of civilians in Ukraine, which Western leaders have instigated. In Iraq, we lost our boys for nothing, we killed countless Iraqis, and there was no ticker-tape parade. We sacrificed our boys’ lives for nothing, but we are somehow not war criminals because we are the ones who run the courts. They want to prosecute Putin as a war criminal for the very same actions that the West took against Iraq. This is all political and it is designed to hopefully cause the collapse of Russia driving it into civil war.
They never look beyond the end of their nose. They removed Saddam and created Isis. They plunged the Middle East into sectarian wars. Blair admitted, civilians then die in these wars they never anticipated. Once again, if Russia really went into civil war, parts would separate and they all will have nuclear weapons. What if the USA separated? Some states would become nuclear powers.
These people NEVER look at anything beyond their idealized goal. I knew Bill Kristol. He and Kaplan’s book was to justify waging war on Iraq. In their twisted thinking, they proposed this would strengthen Israel, and toppling all the various dictators in all of these countries would usher in democracy and make Middle East peace. They never consider history, culture, or anything else. They will always impose their way of life on another. Australia built apartment buildings for the Aboriginals because they sleep in the dried riverbeds. They went into the apartment, took the furniture, and used it for firewood. Sleeping inside a building was like a prison. They slept under the stars for centuries. Culture is everything.
On February 23rd, 2022, Zelensky stood up and declared that Ukraine would seek nuclear weapons. That violated every agreement ever signed between the West and Russia. It was also intended to force Putin to invade. Indeed, that night Putin addressed the nation noting that Ukraine was going to arm itself with nuclear weapons. He took the bait and invaded the next day.
Putin NEVER intended to conquer Ukraine. It is standard that you take out the power, communication, and then water if you want to bring a country to its knees. That is the criticism from the hardliners – he should have wiped out Ukraine’s ability to function. Even the military has blamed Putin for tieing their hands behind their back. They have routinely said they could have ended the war much faster if they were allowed to have waged an outright war. Even the Russian military expert, Dr. Konstantin Sivkov, has come out blaming the politicians (Putin) for interfering with the military.
Now Zelensky and Western Media propaganda machines are once more trying to cover up the truth. Here is the real video where Zelensky called on NATO to do a pre-emptive strike and launch a nuclear attack and wipe out Russia before they could respond.
Zelensky and mainstream media are now blaming David Vance, who they classified as “a right wing blogger who was suspended from Twitter in 2022″ and they claim that Zelensky never called on NATO to nuke Moscow. This conflicts with the video evidence we have where he clearly calls for a pre-emptive strike.
To those Ukrainian Nazis who send me hate mail saying I am on the wrong side of history, your hatred of Russia is so vile and distorted, you are fools. You are completely destroying your own country and you cannot avoid this destruction because of your blind hatred. Your worship of the Nazi Bandera and his policy to exterminate everyone from the region who was not Ukrainian has placed the world on the side of Hitler. I’m sorry, but you will not succeed and you will destroy the dreams of a Ukrainian nation-state. That’s not my opinion. Our computer has forecast your demise. You have been used as fools of the West’s neocons and climate change zealots.
It is an absolute fact that Ukraine’s border was drawn when it was part of the USSR by Khrushchev and historically has NEVER been Ukrainian territory for its people nor was Ukraine ever a country before 1991. It has always been Russia and was part of the Russian Empire of the Tsars, long before the USSR. It was Khrushchev who not only drew the border for administrative purposes, he rebuilt Kiev after World War II. His successor, Brezhnev, was born and raised in the Donbas.
When the history books are written of World War III, Ukraine will go down alongside Hitler. And BTW, Stalin was a Georgian, not a Russian, and Lenin warned that he should not succeed him. It was Lenin who wanted to copy the United States and each member would retain sovereignty. Stalin rejected that idea, poisoned Lenin, and seized power installing absolute central control. Your hatred of Russia was the policies of Stalin who starved Ukraine to pretend his policies were working.
You will never win and in the process of completely destroying Ukraine, you will unleash World War III and forever be remembered with hatred for your lies and manipulation of the Western press. Your demonization of Putin to get the world to hate all Russians will be your own destruction for those behind Putin are far worse and have come to see what this war is really all about – the destruction of Russia and they will fight to their last man as well. They will use nukes because the West is clearly trying to destroy Russia as they did in Iraq.
COMMENT: Marty, Powell spoke onstage here at the Economic Club of Washington. As always, nobody seems to know central banks like you. Powell point-blank said that the Fed may have to continue to raise rates more than what the marketplace has already priced in if the jobs market stays unexpectedly strong. I know you hate our town, but perhaps you should consider speaking here at the club.
Thank you for the global education. You are indeed a legend in your own time as they call you.
P
REPLY: Thanks for the invite. Not sure I want to fly to the real Tinseltown. We have to come to the cold hard fact that there are no alternatives to the Keynesian theory. It’s not just the Fed. When I do interviews, I tend to be controversial because everyone, including the Goldbugs and countless analysts, all rely on the very same set of theories.
The premise remains to increase the supply of money and it MUST be inflationary. The Fed raises rates to reduce consumption and lower rates to stimulate consumption. It’s a very nice theory, but when actually tested, it utterly fails. Lower rates will NEVER cause people to invest UNTIL they believe that there is an opportunity to invest.
The peak in interest rates took place in 1899 at virtually 200%. Yet, 1929 was the real bubble top and it peaked with 20% interest rates in call money on the NYSE. In theory, the biggest boom should have been met with the highest interest rate. In truth, the “real interest rate” as I have defined it is when the interest rates exceed expectations. If you think the stock market will double, you will pay 25% interest.
As you can see, while interest rates hit nearly 200% in 1899, the share market did NOT crash percentage-wise anything as it did following 1929. Look, there is a lot more to this than meets the eye. Everything must be addressed on a global scale for it all depends also on the direction of capital flows. There is just a lot more to this than simply the money supply and interest rates.
I have been warned that my sources have constantly been whispering, and growing to yell and screaming, that the Biden Administration and NATO have been pushing for Ukraine to sacrifice all its people to weaken Russia so they could later come in for the kill. They were doing so by instructing Zelensky he was not to negotiate peace with Russia under any terms.
Now former Israeli Prime Minister Naftali Bennett, who mediated those contacts, confirmed what my sources have been saying from the outset. He openly said that peace might’ve been agreed upon between Russia and Ukraine shortly after the start of the conflict. However, Kyiv’s “Western backers” blocked the negotiations between them for they wanted war.
Make no mistake about it. Russia is now well aware that this is a war of all wars that is out to absolutely destroy their country, their culture, and their people. They will have no choice but to defend themselves against the aggression of the United States and Europe.
Posted originally on the conservative tree house on February 7, 2023 | Sundance
This guy is really a piece of work. Fed Chairman Jerome Powell delivers remarks to the pontificating pustules at the DC Economic Club. Within his remarks, notice how Powell used the word “disinflation” to describe how prices are starting to drop in the “goods sector.”
Of course, durable goods are dropping in price, fewer consumers have any money to buy them. Yes, excess manufactured goods created by the disappearance of buyers will naturally lead to lowered prices by those who need to sell them. Our economic problem is not, and was not, ever an outcome of excessive demand for durable goods.
Our economic problem is the scale of energy price increases that are chewing through paychecks and driving up the costs of high-turn consumables like food.
Massive price increases for food, fuel, energy, electricity, home heating and natural gas eating up paychecks. There is no room for discussion about the next phone, refrigerator, or new car that might be needed. Simultaneous to ignoring this issue, Chairman Powell is giddy that wages are not rising. WATCH:
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The process of bringing inflation down to the Fed’s goal of 2% over time “is likely to take quite a bit of time. It’s not going to be, we don’t think, smooth. It’s probably going to be bumpy,” Mr. Powell said Tuesday. “So we think we’re going to have to do further [rate] increases, and we think we’ll have to hold policy at a restrictive level for some time.” (WSJ Article)
Posted originally on the CTH on February 7, 2023 | Sundance
Mark Steyn, the only man qualified to replace Rush Limbaugh, has announced his departure from GBNews after the British media company requested a contract making Steyn legally accountable for any speech or wrong-think as identified by British regulators within the Office of Communication (OfComm). {Direct Rumble Link}
Within Britain, all media speech is monitored by the Office of Communications (OfComm), where official government censors track commentary according to regulatory and compliance rules established by the government. Previously, Mark Steyn ran afoul of the OfComm investigators when he began questioning the efficacy and safety of the COVID-19 vaccinations. There are two investigations ongoing with possible fines pending for violating rules on government approved speech.
Into this mix comes the now capitulating GBNews organization, where Mark Steyn and Neil Oliver have both pushed the boundaries of acceptable thought. While Mark Steyn was offline, recovering from two heart attacks, I noticed something was shifting in the past several weeks at GBNews; from the presentation of Oliver to the way the content was being shared (no uploads and missing transcripts). It seemed like something tenuous and opaque was happening in the background. Steyn confirms. WATCH:
As noted by Steyn in the contract he rejected: “To the extent that the presenter and/or the US producers do not incorporate Ofcom regulatory input into an edition of the program, this shall be considered a material breach of this agreement, and the Mark Steyn Company shall indemnify GB News for any and all direct loss, liability, costs, including reasonable legal costs, damages, or expenses that it suffers as a result of any regulatory breach.”
GBNews is acquiescing to the thought police, and Mark Steyn is rightly leaving. Good for him. Enough with this controlled corporate speech nonsense. The voices of the resistance should not cower to the regime. CTH stands with Steyn, AGAIN!
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