Auto Dealers Oppose Switch to EVs


Posted originally on Dec 1, 2023 By Martin Armstrong

Electric Car Charing

Governments worldwide are pushing for clean energy without a reliable alternative. Electric vehicles (EVs) are sitting stagnant on lots as the demand is simply not there for a variety of obvious reasons. Over 3,000 auto dealers from all 50 states penned a letter to President Joe Biden, explaining that his target of forcing 50% of all car purchases to be electric by 2030 is unattainable.

Mr. President, it is time to tap the brakes on the unrealistic government electric vehicle mandate. Allow time for the battery technology to advance. Allow time to make BEVs more affordable. Allow time to develop domestic sources for the minerals to make batteries,” the letter stated. “Allow time for the charging infrastructure to be built and prove reliable. And most of all, allow time for the American consumer to get comfortable with the technology and make the choice to buy an electric vehicle.”

The Environmental Protection Agency (EPA) believes it can reduce CO2 emissions by 10 billion tons before 2055 and has released regulations that will impact car models from 2027 to 2032. Automakers like GM, BMW, Jaguar, Ford, Mercedes, Mazda, and Nissan, to name a few, are rushing to produce EVs to meet these unattainable goals. However, as the letter indicates, the people are not buying EVs in this economy. The average sale price of an EV is over $60,000 and completely out of reach for a nation of people living on credit and drowning in debt. Additionally, every EV battery will eventually need to be replaced, and that could cost up to $20,000. Yet another issue is insurance, which costs about 26% more than the price of cars with gas engines.

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The new regulations focus solely on tailpipe emissions and fail to consider the resources needed to create these vehicles. The batteries in these vehicles use 10X more energy than the average household uses in one day. The cobalt within these vehicles is mostly mined through modern-day slavery in the Congo. This also requires mining for things like lithium and cobalt. Lithium mining is extremely harmful to the environment. South America has experienced water supply contamination near lithium mining regions, and Tibet reported marine life dying in mass near some facilities.

The infrastructure for EV transition is not available and should not be a priority. We saw California ask citizens not to power their EVs numerous times when the power grid was suffering. Some vehicles can take up to half a day to charge fully and the average model can only drive 250 miles on a single charge.

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The White House insists these regulations are supporting the economy. “Bidenomics is growing the domestic EV and EV charging industry — creating good-paying union jobs in manufacturing and installation, lowering energy costs for hardworking families, improving air quality, and building the economy from the middle out and the bottom up,” a White House spokesperson insisted. This may be the most out-of-touch administration in US history.

These measures are absolutely destroying the auto industry that brings in 1.53 trillion annually in the US alone. The globalists have told us in detail that they plan to end private car ownership by 2050. They notified us of their plan back in 2016 and have not changed course. Forcing the public to go electric ensures that a good percentage can no longer afford to drive.

The Fate of the World – Answering Questions


Posted Nov 30, 2023 By Martin Armstrong 

COMMENT #1: Marty, I want to thank you for an excellent conference. I have attended every WEC since 2012. I did not make the 2011 one. Your sources are always the best. I want to thank you for your report on Israel for it said it all. There was advance information just as 9/11. Your report explained the backdrop, which you never get from mainstream media. I would vote for a London WEC after the May 7th turning point. All the events that have happened on the precise day of your Economic Confidence Model are just mindblowing. I hope Scotty does not beam you up. We need you for 2032.

L

REPLY #1: Nothing but nothing ever seems to be what it seems. You always have to pick up the rug and look for the dirt they swept beneath.

ECM 2011 2020 Detailed
ECM Wave 2020 2028 Pi

COMMENT #2: I want to thank you for an enlightening WEC. The chief of staff from Congress attending your session on Saturday was very informative. I understand why you mentioned what he said about how things work that most people would never have believed if you said it. I have followed you since the 1980s. Your ECM has identified turning points to the day where nobody can argue there is no order to events. The wave that peaked in 2007.15 was the very day of the high in the Shiller real estate index, and we had the recession after that. It looks like a recession from 2024.35 into 2028.65.

REPLY #2: Yes, the ECM has impressed me. As I have said, I never expected to create a model that could forecast wars and major events. Even 9/11 took place on the precise target date. Hitler became chancellor on the precise day. The examples are endless—even the Battle of Actium between Octavian v Mark Antony & Cleopatra. We will enter a recession, but this one is more likely to be STAGFLATION, where the prices continue to rise, but the economic growth is below the inflation rate, much like the wave during the 1970s.

COMMENT #3: Thank you sincerely for another amazing WEC. I think that I’ve either attended (or bought tickets to get videos) for all WECs except for first one in Princeton in 2011(?) and maybe one or two in Europe.

In listening carefully, you said that you expect “news” in mid-December. Will they lock us down again?

Best,
J

REPLY #3 I reviewed several markets on the Private Blog, which you have probably seen under the title:

Ukraine on the Edge of Victory or Defeat

We have a Double Directional Change in gold during December as well.

COMMENT #4: As a retired Army Officer (1990) I am expected to be a “Soldier for life.” according to the Army Retirement publication called “Echos”. Well, the Retirement Services has a board that meets occasionally discussing retirement issues and does recommendations. Not one mention of the woke programs and their effects were mentioned on the possible issues facing recruiting.Based on my years of active-duty service, I can tell you the LGBQT indoctrination, and DEI forced training has a severe negative impact. I, in good faith, cannot recommend any service at this time. I told Retirement Services that.

DB

REPLY #4: That was a stupid idea, just like putting transgener on a BudLight can. If you do not know who your customers are, you do not deserve to be in business. The US military made a major mistake with the vaccines and their WOKE programs.

COMMENT #5: The goldbugs are at it again, claiming that the UAE has shifted from US dollar pricing to local currency, and this will significantly impact the US dollar. It is always the same thing they have preached since 1971. The dollar must be destroyed, and only then gold will rise. They will never learn from their mistakes.

Valerian I AU Double Aureus bino and aureus

REPLY #5: They do not understand anything. The coins were gold and silver in 260 AD. But when the Roman Emperor Valerian I (253-260AD) was captured by the Persians, there was a financial panic, and bankers were uncertain if the coinage of Rome would still be valid. The coins in purchasing power were ALWAYS worth more than the metal content. The value of the Roman coinage was based on their economic power the same as the US dollar today. I seriously doubt the BRICS will finance the world as the NY bankers do and when they sell their debt, they come to NY and offer it in dollars.

Orlando 2023 22 USD 1

QUESTION #6: Dear Martin and the AE team,
Appreciate all that you do. Your expertise is understated!
My question is as follows: Are there any North American conferences that you are aware of that provide a similar experience to your WEC, specifically for individuals aged 14-25?
I understand that heads of state have attended Mr. Schwab’s educational facilities. However, our public and private education institutions for this demographic rarely offer outlets or activities to foster early interest in these areas or develop leaders who can make common-sense decisions. My concern is that the new generation is showing less interest in economic matters and more in social media and other fruitless pursuits, potentially steering us in the same direction that led to our current state.
Any suggestions about such conferences would be greatly appreciated. I do realize that I may need to take the initiative to develop one myself if very few options are available. I must say that this idea came about after watching you for many years. I am very inspired by your zeal, strength, and work ethic.
You never give up!
Thanks for everything you have contributed to the world. Your legacy will surely be one for the history books.
Kindest regards,
CV

REPLY #6: We have been looking at perhaps an introductory session on economics streaming worldwide, sort of the counter-balance to what Schwab is doing pushing his version of Communism. It is on the bucket list. If there are those who want to help organize something like that, I would certainly entertain that idea.

US Real Estate Prices Rose in September


Posted originally on Nov 30, 2023 By Martin Armstrong 

House US Real Estate

The S&P CoreLogic Case-Shiller Index reported a 3.9% year-over-year increase in home prices in September, despite a surge in mortgage rates. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Notably, rents are easing while home prices continue to rise. The report highlighted that of the 20 metropolitan markets, Detroit saw the largest annual increase at 6.7%, followed by San Diego at 6.5%, and New York at 6.3%. However, three cities, including Las Vegas, Phoenix, and Portland, reported lower prices compared to a year ago. The housing market’s strength has been attributed to a relative shortage of inventory for sale, which has supported prices despite the increase in mortgage rates and insurance premiums.

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As I foretold in April 2021:”One of the factors that confirmed to me that we would be heading into progressive inflation long-term was the fact that this Residential Index elected a Yearly Bullish Reversal at the end of 2012. That confirmed the long-term trend had changed. However, urban condo and commercial properties were forming a divergence. I assumed that was being caused by the debt and rising taxes in cities. In that regard, I suppose I was only partially correct, for the rest has been the brain-dead response to COVID. For example, locking people down and causing them to lose jobs has resulted in a sharp rise in violence. Not just mass shootings, but all sorts of conflicts from domestic disputes to outright feuds. Cities, such as Philadelphia and New York, have sections in which the police have totally lost control. It is debatable if they will ever be able to restore civility to these regions. While Fauci claims to ignore the Constitutional violations, his agenda in helping Gates and Schwab is more than simply preparing society for the Great Reset. He is furthering the collapse of urban civility and this trend is part of what is driving this index. I would expect to see this escalate and if we make a new high on this index and close above last year’s high, single-family homes outside of urban centers will rise sharply into 2023.”

US Residential Real Estate 8 9 21

The typical analysis of sales down mortgage rates up is no longer the rulebook. As I explained in the Real Estate report provided to World Economic Conference attendees, America experienced a great migration after COVID lockdowns. People fled states with harsh COVID laws and rising crime. There has been a great wealth migration across America as both individuals and businesses are seeking refuge in red states. As taxes continue to rise to accommodate failed policies, the states with somewhat of a resemblance of taxation with representation will become more appealing.

There is a reason that Blackrock has become the largest landlord in the nation by far, in addition to plans for 15-minute cities. Institutions have also lost their confidence in the government – the 30-year fixed mortgage is more appealing than the 30-year Treasury.

For the past few years, I have heard countless realtors and brokers saying that home prices are expected to go down next quarter or the one after that. Inventory has continued to decline while prices and rates have risen. This is not the 2008 crisis as we do not have an over-leveraged market. The market can no longer be viewed from a broad perspective.

The EAT-Lancet Commission – UN to Release Meat Consumption Limitations


Posted originally on Nov 30, 2023 By Martin Armstrong 

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It has been confirmed that the United Nations will begin to advocate for a reduction in meat consumption this December at the COP28 summit. The UN states that “richer nations” must do their part to adhere to the Paris Climate Accords by changing their dietary needs. The people making these decisions on our behalf will be flying to the summit on their private jets and dining in luxury. These top 1% of “polluter elites” produce more carbon emissions than the bottom 66% combined.

The EAT-Lancet Commission (also called EAT Forum) has partnered with the UN to provide future dietary guidelines. “While meat is an important source of key nutrients including protein, iron and vitamin B12, excess meat consumption can harm our health and the planet. Aim to consume no more than 98 grams of red meat (pork, beef or lamb), 203 grams of poultry and 196 grams of fish per week,” their website states. A chicken breast contains about 24 grams of protein, for perspective.

“The EAT-Lancet Commission provide scientific targets that will allow us to feed up to 10 billion people by 2050 within planetary boundaries.” This is the precise target that the World Economic Forum has been targeting – 2050. The WEF has stated that since the world’s population will grow to 9.7 billion by 2050, we need to begin incorporating insects into our diets to feed the additional 2 billion mouths.

There is no statistically significant correlation between our current meat consumption and CO2 emissions or feeding the population in a few decades. We all saw the likes of Kamala Harris and other politicians using their gas stoves on Thanksgiving while they were telling the masses, the Great Unwashed, to remove them from their homes to save the planet. The climate change agenda is purely a control tactic. It gives the elite globalists control over our tax spending, energy and food consumption, and freedom of movement. The very people preaching that we must abandon our way of life to save the world KNOW that it is a scam.

Compiling a Hit List? – Special Counsel Jack Smith Requested Details of All Donald Trump Twitter Followers


Posted originally on the CTH on November 29, 2023 | Sundance 

In response to a media lawsuit for information being withheld by the DOJ, a heavily redacted search warrant was revealed {SEE pdf HERE}.  Within the warrant issued to Twitter-Xcorp, Special Counsel Jack Smith demanded the information on every account that engaged with the Donald Trump Twitter account.

[Source]

The ridiculously overbroad warrant and demand for information, was initially fought by Twitter; however, it appears the courts ultimately demanded compliance and Twitter acquiesced.  That is a stunning amount of information included in the search warrant.

(New York Post) –  Special counsel Jack Smith’s comprehensive search warrant for information related to former President Donald Trump’s Twitter account sought the 2024 Republican presidential primary front-runner’s search history, drafted tweets, blocks and mutes.

The special counsel also demanded a list of all devices used to log into the account and information on users interacting with Trump, heavily redacted court filings show. 

The search warrant, issued in January against the company now known as X, was among several documents released by the Justice Department Monday as part of a lawsuit brought by media organizations seeking sunlight on the special counsel’s investigation into Trump’s actions leading up to the Jan. 6, 2021, riot at the US Capitol. 

The filings shed some light on what investigators were looking for when they issued the warrant against the social media company owned by Elon Musk. (read more)

While the release of the warrant is initially surprising, it should not come as a great surprise to know the Biden government wants to generate a list of what they would consider subversives to the interests of the state.

Previously, the Obama/Biden administration, through the DOJ, used the IRS to assemble a list of people and entities against their interests.  Once that revelation came to light, as a result of a whistleblower, the Obama/Biden administration then began a process of using the NSA database to monitor political opposition.  Ultimately, that led to the targeting of candidate Donald Trump in 2016 and the later targeting of President Trump after his inauguration.

The Jack Smith effort is simply a continuation of a very dystopian DOJ effort.

Desperate Measures – JPMorgan CEO Jamie Dimon Recommends Leftist Democrats Support Nikki Haley to Combat Donald Trump


Posted originally on the CTH on November 29, 2023 | Sundance

How badly do the high-finance and multinational trade groups want to eliminate the threat President Trump represents?  Badly enough to support organizing all elements of the leftist electorate to vote for Nikki Haley in the Republican primary.

JPMorgan CEO Jamie Dimon made this suggestion earlier today at The New York Times DealBook Summit to discuss the 2024 presidential election.  WATCH the first minute:

Ukraine Cannot Win


Posted originally on Nov 28, 2023 By Martin Armstrong 

When I said that Ukraine had lost 100,000 soldiers DEAD, I got a rash of emails claiming I was spreading Russian Propaganda. Then the head of the EU said that in a speech, and Zelensky said it was classified and she had to take that out. Of Ukraine’s 700,000 army, more than 150,000 are DEAD, and nearly 300,000 have been injured. This is why Zelensky has been conscripting 16-year-old boys and, behind the curtain, insisting that the EU forcibly return all able-bodied people to the front line. My same RELIABLE sources have the number of dead and injured Ukrainians approaching 500,000. The battle for Bakhmut was senseless. Zelensky ordered soldiers to their deaths, all to pretend he was winning for fear that the money would stop flowing.

Ukraine not only blew up the Nord Stream, undermining the German economy and sending unemployment up from 4.7% to 5.8%. Zelensky denied that Ukraine blew up the Nord Stream.  Moreover, Ukraine has been behind the assassination attempts inside Russia. Zelensky has been desperate to create World War III. He shot a missile into Poland and tried to blame Russia. The Dutch Court covered up the shooting down of the Malaysian passenger jet when the Ukrainians tried to blame that on the Russian-Ukrainians living in the Donbas. Zelensky is trying to blow up the Turkish pipeline all to undermine the Russian economy with no regard for what that will do to Europe, whom he then demands more weapons and money.

The Neocons have to be removed from power. They have been trying to undermine Russia by cutting off its energy sales since 1980. They imposed sanctions on Poland and Russia while creating pipelines to send gas to Europe. They started the Syrian Civil War, and that was the arms dealings hidden by the Benghazi incident. They signed the pipeline deal from Nigeria to Europe 2 months before they directed the Ukrainians to blow up Nord Stream. Then the Niger coup stopped that pipeline, and Victoria Nuland urgently flew to Niger to try to save the pipeline. The Neocons will not stop, and they pull off these covert acts all outside of Congress, circumventing the Constitution with every breath they take.

They are behind the Middle East war to circumvent the Suez Canal in hopes of destroying that, rerouting everything through Israel to cut off all trade with Russia once again. When will the Ukrainians rise up and overthrow Zelensky, who has sold his country to the Neocons? It looks like his days are numbered as we head into 2024. The Ukrainian people have been played for fools. They have been the vanguard to die for the dreams of the Neocons, and what do they stand to gain? Absolutely nothing!

The West Begins to Dump Ukraine While Media Pretends This Was Always the Plan. Plus: Darryl Cooper (Martyr Made) on Israel-Gaza, Ukraine, 1/6 Tapes, & Censorship | SYSTEM UPDATE #186


Posted originally on Rumble By Glenn Greenwald  on:Nov 21, 7:00 pm EST

Zelensky Lives in Luxury – Top Aides Acquire $75 Million Yachts


Posted originally on Nov 29, 2023 By Martin Armstrong 

As the people of Ukraine continue to suffer under his rule, Zelensky is living a lavish lifestyle. The former comedian is said to have properties around the world. So while he is begging the world to “do their part” and fund his war, he is using much of the funds for his own pleasure. Two of his associates, Boris and Serhiy Shefir, are taking the fall after it was discovered that people acting on behalf of Zelensky purchased two yachts worth $75 million.

The yachts named “Lucky Me” and “My Legacy” were purchased in Abu Dhabi and Antibes in October 2023. The names alone are an insult to the people. Zelensky has repeatedly fired top-level officials for misusing foreign aid while hiding his own wrongdoings. Zelensky is listed in the Panama Papers, and the fact-checkers try to divert people away from this fact. I estimated last October that he had $100 million stashed offshore, which was a conservative estimate as others were claiming the figure to be closer to $850 million.

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Zelensky 850

Zelensky purchased a $5 million property in Egypt under his mother-in-law’s name, Olga Kiyashko. “A suspicion is creeping in that Ukrainian bureaucrats, with the help of their relatives, are stealing financial aid to Ukraine from the West,” the political scientist continued. He stressed that Ukrainian corruption is to blame and that egocentric officials who prioritize personal gain over care for their own people infest and control Kyiv’s political system,” Egyptian political scientist Abdulrahman Alabbassy commented. It is said Zelensky owns a $35 million home in Sunny Isles Beach, FL, but I have not been able to verify the claim.

Fried Zelensky Fink Yellen

His people are skilled in hiding money and assets. Before he was installed as president, Zelensky gifted the majority of his stake in numerous businesses to Serhiy Shefir who later became his top consultant and is now one of the two brothers taking the blame for purchasing the luxury yachts.

Zelensky’s victory in Ukraine will be looked upon as the Judas who sold his country for 30 pieces of silver. The corruption in Zelensky’s government is perhaps the greatest in the world. He is leading men and women to slaughter while half the population has fled. There is no strategic benefit to the Ukrainian people, and Zelensky’s promises of ending corruption and peace with Russia, for which the people voted, have been ignored. The volatility will rise sharply from 2024; a critical target will be 2026.

Categories:CORR

Finland Closes Border With Russia to Stop Putin’s Brown People


Posted originally on the CTH on November 28, 2023 | Sundance 

Western media will never say it, but what exactly do you think Russia is doing in Africa?  Think strategically.

The headline simply says Finland will close Russian border to stop asylum seekers. Most readers stop there, thinking Russians are trying to escape the horrible Putin.  However, the reality is something entirely different.

…”Some 900 asylum seekers from nations including Kenya, Morocco, Pakistan, Somalia, Syria and Yemen have entered Finland from Russia in November, an increase from less than one per day previously, according to the Finnish Border Guard.”…

Finland joined NATO and suddenly Finland doesn’t want brown people.  Apparently, diversity is no longer a strength.

HELSINKI, Nov 28 (Reuters) – Finland will close its entire border with Russia to travellers for the next two weeks in a bid to halt the unusually large flow of asylum seekers to the Nordic nation, which the government and its allies say is an orchestrated move by Moscow.

Finland last week shut all but one of its border posts to travellers from Russia, keeping open only the northernmost crossing located in the Arctic. But this too would now close, the government said on Tuesday.

Some 900 asylum seekers from nations including Kenya, Morocco, Pakistan, Somalia, Syria and Yemen have entered Finland from Russia in November, an increase from less than one per day previously, according to the Finnish Border Guard.

The decision to shut all eight border crossings means only cargo trains can pass between the two countries, Finland’s Border Guard said.

Helsinki says Moscow is funnelling people to the border in retaliation for its decision to increase defence cooperation with the United States, a charge the Kremlin denies. Finland infuriated Russia earlier this year when it joined NATO, ending decades of military non-alignment, due to the war in Ukraine. (read more)

In semi related news #1…. Another 1,000 illegal Muslim immigrants have just invaded Lampedusa [Italy] aboard two huge boats.  This follows thousands of earlier arrivals that have created a significant problem.

…. So where do you think President of the Italian Republic Giorgia Meloni is?

Today, the President of the United States, Joseph R. Biden, and the President of the Council of Ministers of the Italian Republic, Giorgia Meloni, met at the White House.  They reaffirmed the unshakable alliance, strategic partnership, and deep friendship between the United States and Italy.  The ties between Italy and the United States are rooted in history, cultural affinity, and economic cooperation.  They are founded on our shared values and principles – democracy, freedom, respect for human rights – reinforced by the shared objective to promote peace and security, enhance prosperity, and advance sustainability all around the globe.

[…] The leaders also discussed ways to explore mobilizing more headroom and concessional finance to boost the World Bank’s capacity to support countries addressing global challenges and provide strong support for the poorest countries. (read more)

If you get beyond the ridiculous leftist language, likely borne from an intern of Samantha Power, you realize President Meloni is desperate for something, anything, that will keep the African migrants from arriving en masse.  However, as a weak-minded right-winger, she has been brought to heel and is now culturally aligned with the progressives in Davos.

I ask again, what do you think Russia (and China) are doing in Africa?

Vladimir Putin and Chairman Xi know exactly how to play the long game with the west.

[Fox News] – […] China imports cheap oil from countries facing U.S. sanctions, like Russia and Iran. Imports from Russia increased by nearly 23% in the first half of 2023 to more than 2 million barrels per day. China is Iran’s top customer, buying an estimated 1 million barrels per day in 2023. (read more)