NATO – Escalates Nuclear War


Armstrong Economics Blog/NATO Re-Posted Jul 18, 2023 by Martin Armstrong

What has come out of this NATO meeting is the West is escalating the war with Russia. They are expanding the “sharing” of nuclear weapons at the request of Poland, which has always been rejected previously. This means that any nation with F35 and F16 will have available to them nuclear weapons. This is why Russia has warned that handing Ukraine F16s will mean that they must now assume they could be carrying nuclear weapons, and rightly so for Ukraine is driven by its hatred and is by no means a responsible nation-state. NATO knows that.

The entire reason NATO will not really allow Ukraine to enter while it is at war has little to do with its legal code. The Neocons are using Ukraine as their sacrificial lamb on this altar of war. As long as Ukraine is not a member yet, the Neocons can funnel everything to them; they hope that Ukraine will create some false flag to justify nuclear war with Russia as their dream come true. As RFK has pointed out, immediately upon his return, Biden ordered the deployment of 3,000 more reservists to Europe. This is simply preparing to fight Russian forces on the ground in Ukraine/Europe.

Victoria Nuland is now the #2 in the State Department. Her sister-in-law Kimberly Kagan founded the Institute for the Study of War (ISW), which is the source of much of the fake news. All the ISW does is put out propaganda about Russia that they are corrupt and weak and that we can take them down in a few weeks without nuclear weapons. This family has its roots in Ukraine. Most curious, even the New York Times wrote about this Kagan family that they were really leftists and very outspoken to the point of manipulating whatever to gain their view of the world. The question is, just why is this family such warmongers? We have a major undisclosed conflict of interest, and the Biden Administration should immediately fire Victoria Nuland and all her supporters within the Biden Administration to save the world and our nation.

Victoria Nuland is really of Ukrainian Jewish descent. Her family changed their name to try to hide their Jewish ethnic background. She really would be Nudelman, not Nuland. She is actually the daughter of Yale bioethics and medicine professor Sherwin B. Nuland, who changed his surname from Nudelman to Nuland. She retained her family name Nuland to perhaps further hide her Jewish connection by marrying Robert Kagan. Victoria speaks Russian, French, and some Chinese. Hiding her Jewish background is critical. Her father was raised by parents who were Orthodox Jewish immigrants from Ukraine. Hence, her grandparents were Jewish Meyer Nudelman (1889-1958) and Vitsche Lutsky (1893-1941). This explains why Nuland has been a public proponent for Ukraine to wage war against Russia.

France’s President Emmanuel Macron and India’s Prime Minister Narendra Modi are desperately trying to broker a peace deal. But Zelensky is pure evil. He has sold his own nation out to the Neocons for a handful of silver offered by Blackrock and JPMorgan. My Ukrainian sources have their eyes open. Zelensky is destroying Ukraine to capture the Donbas and Crimea, which have Russian Indigenous people they hate passionately. This is like trying to solve the differences between Sunni and Shite in the Middle East – not going to happen. Zelensky is simply a war criminal, and this is a land grab since the Ukrainian ethnic people have never occupied the Donbas.

Khrushchev was in charge of rebuilding Liev after World War II and drew the border for that province simply for administrative purposes, for it was Russia at the time. Khruschev grew up there in the Donbas, and he was followed by Brezhnev who was also born and raised in the Donbas. So we are to wage World War III for territory that has NEVER been Ukrainian? In Moscow, there has been a debate for decades about who is Russian. Stalin was from Georgia, and neither Khrushchev nor Brezhnev was born in Moscow.

Under the Ukrainian theory that the Donbas is Ukraine, Ukraine set the entire Cuban Missile Crisis of 1962 in motion. Does that mean that Ukraine is the real former enemy, not Russia, since Khrushchev set that in motion? This seems to explain Victoria Nuland’s sheer hatred for Russia and her constant push for war along with her husband and the propaganda from her sister-in-law at the Institute for the Study of War that is always being quoted by the press.

Handing F16s to Ukraine, combined with this NATO shift toward a nuclear-sharing agenda, means that Russia must now consider Ukraine a nuclear threat. This is an insane escalation, and it is all being driven by this Neocon dream to annihilate Russia from the face of the planet. Meanwhile, inside Russia, their anti-war experts oppose claims from their Neocons to launch a preemptive nuclear strike. This has come out and made it clear that such a push is extremely irresponsible, according to Russia’s influential think tank. There will always be pro- and anti-government segments no matter what country you visit.

Unfortunately, the Neocon thinking is to judge others by what you yourself would do:

“I know you will punch me in the face, so I will defend myself and punch you first!”

They created the Institute for the Study of War – not PEACE. They live for war – that is all they ever preach. This is their time, and they have seized all the power of the White House and will declare war, bypassing Congress and call it a required response under the NATO treaty; thus the people, nor Congress will have any say in creating World War III. This is why the 2024 election MUST be rigged for anyone other than Biden might ask questions.

Further Evidence of WWIII – DoD Budget


Armstrong Economics Blog/War Re-Posted Jul 18, 2023 by Martin Armstrong

The Department of Defense (DoD) drastically changed its budget plan. The left is constantly complaining about how America spends too much on defense, and the White House originally decided that there would be around a 2% increase in the budget for 2024, which is average. Now, the Department of Defense is planning a 10% increase in military spending for 2024.

We are allegedly not at war, so why is the government planning a 10% increase on an $880 BILLION budget? That is a massive increase for a country allegedly not at war. The proxy war was planned long ago (see: “The Plot to Seize Russia), and the chess pieces are now in a position for the US to engage in warfare unapologetically. They need to pull the trigger on this plan before November 2024. This is the PLANNED election cancellation plan.

The US must be engaged in a full-scale war for Joe Biden to remain in power. The world knows that the lights are on and no one is home, so to speak. Biden is rapidly losing his cognitive abilities in front of the world and no one dares to impeach him for the numerous offenses made against the US. There are plenty of other candidates who even those on the left would chose ahead of Biden. The problem becomes Biden is bought and paid for – an easily managed puppet of the deep state. They need their puppet to stay at the forefront to prevent anyone from interrupting their plan.

We will not have a real 2024 US Presidential Election. They have already put funds aside for the war, and will no doubt ask for more. No sitting president has ever been ousted during a war and this is the Neocons last chance to secure power. World War III already started.

How to Gain Control Over the Most Intelligent Species on the Planet (video)


Armstrong Economics Blog/Great Reset Re-Posted Jul 15, 2023 by Martin Armstrong

Biden Orders 3,000 Reservists Activated for European Command Deployment


Posted originally on the CTH on July 13, 2023 | Sundance

This is not good. Apparently, the 20,000 additional troops sent to Europe last year bringing the total to 100,000 are not enough.

Earlier today Joe Biden signed an order activating 3,000 reserve troops to be ready for deployment as part of Operation Atlantic Resolve.  [White House Announcement]

WHITE HOUSE – “By the authority vested in me as President by the Constitution and the laws of the United States of America, including sections 121 and 12304 of title 10, United States Code, I hereby determine that it is necessary to augment the active Armed Forces of the United States for the effective conduct of Operation Atlantic Resolve in and around the United States European Command’s area of responsibility.  

In furtherance of this operation, under the stated authority, I hereby authorize the Secretary of Defense, and the Secretary of Homeland Security with respect to the Coast Guard when it is not operating as a service in the Navy, under their respective jurisdictions, to order to active duty any units, and any individual members not assigned to a unit organized to serve as a unit of the Selected Reserve, or any member in the Individual Ready Reserve mobilization category and designated as essential under regulations prescribed by the Secretary concerned, not to exceed 3,000 total members at any one time, of whom not more than 450 may be members of the Individual Ready Reserve, as they deem necessary, and to terminate the service of those units and members ordered to active duty.” (link

Politico has further information from the Pentagon:

[…] “This reaffirms the unwavering support and commitment to the defense of NATO’s eastern flank in the wake of Russia’s illegal and unprovoked war on Ukraine,” Lt. Gen. Douglas Sims, the director of operations for the Joint Staff, told reporters on Thursday.

While the move gives the military’s European Command “greater flexibility” to defend the continent, it will not change the actual force levels in Europe, Capt. Bill Speaks, a spokesperson for U.S. European Command, said in a statement.

The president’s order also for the first time designates Operation Atlantic Resolve, the U.S. effort in Europe, as a contingency operation, which allows the Pentagon to call up reserve forces and implement sped-up acquisition authorities to supply those troops with equipment.

The designation not only allows the president to mobilize reservists, but also ensures they are paid and supported as active-duty troops. It also provides support for families and dependents of any reservists who might be deployed. (read more)

UN Proposes Easing SWIFT Sanctions in Exchange for Russian Black Sea Grain Export


Posted originally on the CTH on July 12, 2023 | Sundance 

The sanctions levied against Russia by the collective West have essentially failed.  There is inconvenience within Russia amid ordinary citizens for global and economic transactions, but most of the govt transactions have continued.

On the opposite side of the consequence coin, absent the ability to purchase consumer goods on the global market, Russian domestic consumer independence has grown dramatically.  There is more stuff being made and created inside Russia, for Russians to purchase, than ever before.

I cannot see how the Russian GDP doesn’t benefit from this in the long-term.

Then again, I don’t buy the official Western narrative about the “horrible” life inside Russia, because I talk to ordinary middle class Russians who seem to have found a way to organize life without too much disturbance.

Russia is actually a case study in the elimination of imports and the economic outcomes therein.

It doesn’t suck to be a consumer; average Russians are doing fine, and it seems to get better over time.  Ironically, give them a few more years of Western sanctions, and Russia could be a manufacturing powerhouse.  Russia is a big country with a lot of raw material resources.

UNITED NATIONS, July 12 (Reuters) – U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters.

Russia has threatened to ditch the grain deal, which expires on Monday, because several demands to dispatch its own grain and fertilizer abroad have not been met. The last two ships traveling under the Black Sea agreement are currently loading cargoes at the Ukrainian port of Odesa ahead of the deadline.

A key demand by Moscow is the reconnection of the Russian agricultural bank Rosselkhozbank to the SWIFT international payment network. It was cut off by the European Union in June 2022 over Russia’s invasion of Ukraine. An EU spokesperson said in May the EU was not considering reinstating Russian banks.

However, the EU is considering connecting to SWIFT a subsidiary of Rosselkhozbank to allow specifically for grain and fertilizer transactions, three sources familiar with discussions told Reuters on Wednesday. The European Commission did not immediately respond to a request for comment. (read more)

Zelenskyy is the Bud Light of the NATO summit. 😂

BRICS & The Gold Backed Currency Idea


Armstrong Economics Blog/Gold Re-Posted Jul 12, 2023 by Martin Armstrong

QUESTION: Marty,

Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt?

Tks for all the light u share in a confusing economic landscape.

Cbeers
.baldy

ANSWER: It is unlikely that we are looking at a BRICS single currency like the euro, for that would require a central monetary authority, surrender of sovereignty as in Brussels, end any possibility of QE, etc. We would need to completely collapse the idea of Keynesian Economics insofar as it has evolved, allowing deficit spending.

There is no special magic to gold. It was first restricted to only kings, for it was considered to be the tears from the sun god. As more gold was discovered, it began to be used for the jewelry of wealthy aristocrats. Then it became used as money in its natural form, known as electrum, a natural alloy of gold mixed with silver.

Then they refined the gold electrum and created the first bimetallic coinage around 560 BC. This required a sufficient supply of gold to create a money supply. As the quantity increased, the value of gold declined relative to both silver as well as commodities in general – inflation.

The real argument behind gold as a backing is that its quantity is limited. However, over the centuries, the silver/gold ratio has fluctuated anywhere from 8:1 to 120:1. From this perspective, the real objective here is to prevent the government from creating money at will. Thanks to Keynesian Economics, governments have the power to create money at will, allowing them to retain power and exert it in their endless wars thanks to the Neocons.

The real objective here with the issue of BRICS is that both Russian and China object to the dollar being the reserve currency in the middle of geopolitical tension. Yet the Biden Administration has undermined everything by removing Russia from SWIFT. That set in motion the collapse of globalization, and it has shown to the world that the US now controls the SWIFT system, which renders it no longer politically neutral.

This is where the IMF is trying to desperately move in for the kill to replace the dollar with their electronic digital currency. This is really no better because the IMF will also play political games. Strauss-Kahn was appointed managing director of the IMF on September 28, 2007, with the backing of then–President of France Nicolas Sarkozy. He was set up, and in New York, they came up with a maid in a hotel who claimed he tried to rape her. They wanted to remove him became he was independent. He served in that capacity until he was forced to resign on May 18, 2011. All the charges were later dismissed for the lack of any credibility. Yet, his replacement was Obama’s friend Christine Legard, a board member of the economic terrorist organization, the World Economic Forum. She was installed in the IMF and immediately threatened all the tax havens to turn over all their secret accounts so they would be removed from SWIFT. She also threatened the Vatican.

We are clearly staring into the eyes of a major global sovereign debt default. This is also why they are pushing for war. They plan on holding another Bretton Woods II, and the IMF will make its pitch to rule the world. This is all part of the scheme for this one-world government.

BoC Study: 59% of Canadians Willing to Accept CBDC


Armstrong Economics Blog/Central Banks Re-Posted Jul 12, 2023 by Martin Armstrong

The masses do not realize what CBDC really entails. It is marketed as a convenient and modern way to bank. In truth it is a tool for control, an important tool that governments need to usher in the Great Reset. A recent poll by the Bank of Canada aimed to see how willingly the public would accept a new digital currency. Surprisingly, the majority said they were willing to make the switch without hesitation.

An alarming 59% of respondents said they are willing to switch to CBDC once available. They do not realize that they won’t have a choice in the matter. Around 43% said they were “somewhat willing” to accept CBDC. Then 11% said they were “very willing” and 5% “extremely willing.” Only 25% said they would not make the switch, which again will not be optional. Only 16% admitted that they do not understand the concept.

It appears that the public does not understand the risks involved. Over half (51%) said they were confident the central bank would securely handle their transactions and data. Around 56% said they were concerned about the potential for fraud, cyber attacks (53%), personal data misuse (44%), and lack of anonymity (35%). The central bank, of course, did not ask the real question – Are you comfortable with the government controlling all of your financial transactions?

Eighteen of the G20 countries have already begun developing digital currencies. The real threat here is that CBDC will provide governments will full access to our finances. We see how easily private banks de-bank individuals. Trudeau was able to cancel accounts of protestors and their alleged supporters in an instant.

CBDC would allow government to deny people access to their finances entirely, especially since cash will not be an alternative. The WEF wants to link individual IDs to the banking system and throw in social credit scores for good measure. A WEF spokesman recently said during the Summer Davos that they would like to control what people buy and ban unapproved purchases. Then they will ensure no money goes off the grid as governments want to tax us into oblivion. Now is the time to show resistance to the idea. Once they implement these policies, there is no going back. They will give us a timeframe to convert our cash to a CBDC and then governments will have complete control over our finances.

Bankruptcy on the Rise


Armstrong Economics Blog/USA Current Events Re-Posted Jul 12, 2023 by Martin Armstrong

Chapter 11 bankruptcies in the US rose by 68% during the first six months of 2023, according to Equip Bankruptcy. You may have survived the pandemic, but surviving Bidenomics is proving too much for many businesses. There were 1,766 filings during the first six months of 2022, compared to the 2,973 businesses that went under this year. Chapter 13 personal bankruptcy also rose by 23% during this period.

Around 12,107 commercial filings were recorded during the first half of this year, marking an 18% increase year-on-year. Small businesses experienced a 55% increase in Chapter 11 filings during the same time period. Commercial bankruptcies increased 12% year-on-year in June alone, and small businesses saw a 111% spike. “The growth in filings is reflective of more families and businesses facing surging debt loads due to rising interest rates, inflation, and increased borrowing costs,” said ABI Executive Director Amy Quackenboss.

Everyone is in trouble here. This is becoming a trend as inflation is here to stay. Credit card debt has reached historical highs as people struggle to pay the basics. Businesses were already decimated by COVID policies, and some never regained the momentum. People have lost all confidence in the future and are less likely to spend. Many businesses attempted to recover from lockdowns and the supply chain disaster, but the increased regulations make it difficult for many to profit. It will only become more expensive to borrow money as Powell all but guaranteed additional hikes this year, and now many have no other option than to liquidate it all.

Nigel Farage – War on Cash


Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 11, 2023 by Martin Armstrong