House Investigates Fauci’s Covid Origins Cover-Up. Plus: Russell Brand’s Expulsion from the Left | SYSTEM UPDATE #51


By Glenn Greenwald Posted on Rumble on : Mar 8, 7:01 pm EST

Why Most Americans Cannot Afford a Home – A Price Breakdown


Armstrong Economics Blog/Real Estate Re-Posted Mar 9, 2023 by Martin Armstrong

Are you too poor for the basic human necessity of shelter in Biden’s America? The average home price in Q4 of 2022 was $535,800, according to the St. Louis Fed.  If you live in a highly desirable area, expect to pay more. To simplify the math, let’s say that you are looking to purchase a $500,000 property. To heighten the fantasy, let us also pretend you are one of the rare Americans with zero monthly debt. This means that you do not have student loans, car payments, childcare expenses, medical bills, credit card debt, or any major outstanding bill. Fewer than 25% of American households are debt free and this number is rapidly dwindling.

Ok, so you decide to put 5% down on the house or $25,000 for a loan of $475,000. You manage to lock in a 6.7% interest rate for a 30-year mortgage under a conventional loan. Nationwide averages in real estate drastically undercut true averages due to the outliers, but the average annual property tax in America is around $3,000. I personally have not seen a property tax this low between FL or NJ, but I’ll attempt some optimism. After all, this should be a simple price breakdown that does not lead to a mental one.

We will average the PMI payment of 0.5% at $197.92 for 125 months. We will also incorporate the low home insurance average estimate of $1,000 annually. To be most forgiving in my calculations, I will also assume that your monthly HOA fee is $0. This is utterly impossible for anyone seeking to purchase a condo. In my area, the average HOA fee is $600 per month, and a $500,000 property will not afford you a single-family house. At best, you’d be lucky to find a two-bedroom property at that price point in my area. In contrast, home prices here were about 40% to 60% lower in 2019.

Therefore, the overall total monthly payment for a $500K home is $3,596.32. This home can be yours by 2053 if you close this year. Forget “starter homes” as once you are locked into a good rate, you will likely not leave. So how much income do you need to afford this monthly payment? The MAXIMUM debt that the bank will allow you to qualify for is around 50% of your total gross income if you have good credit. If you choose this method, you will be “house poor” and unable to afford other basic human needs. So based on these calculations, you would need to make at least $7,192.64 GROSS per month to afford this property and live “house poor.” This would equate to a salary of $86,311.68 per year BEFORE TAXES.

I did not factor in closing costs, inspections, maintenance, moving, or even furniture. So should you continue renting while establishing zero equity? The median rental price in America as of February 2023 was $1,978. Inventory is low, and landlords are compensating for the money lost during COVID moratoriums. Most leasing offices require tenants to earn 3X the monthly rental price, equating to a monthly gross income of $5,934. This has left countless Americans stuck on the rental carousel of paying the majority of their monthly income to the landlord and being unable to save for a future that includes home ownership. Landlords can raise rental costs yearly at whim, and there is no guarantee that you will comfortably be situated in your rental unit from one contract to the next. Rental properties have also begun charging fees for everything under the sun, such as repairs and parking, which was one of the reasons people chose this method.

Gone are the days when Americans comfortably paid ¼ of their monthly salary toward living expenses. We have not even touched on the astronomically cost of other basic living necessities such as food or energy. You must make a decent income if you want to buy a home in 2023. The bank does not care if you are unable to pay because they will simply take your house. Some are lucky enough to secure an interest-free loan from the central bank of mom and dad. Others, the majority of the Great Unwashed, are scraping by—YOU WILL OWN NOTHING AND BE HAPPY!

The Debt Crisis – What Really Falls to Dust?


Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Mar 9, 2023 by Martin Armstrong

QUESTION: The sales pitch seems to be that there is this $2 quadrillion in global debt that overhangs everything. Paper assets, therefore, will all implode!  They seem to be saying that everything has risen due to this debt bubble and it was all created with Zero interest rates. Now that they are going up, the debt bubble will burst and everything will decline. The story seems to be that this decades-long Boom Bust cycle was created over and over by the Federal Reserve. 

This seems to be like you have said, they try to reduce everything to a single cause and effect.

What really happens?

PCJ

ANSWER: These people seem to keep preaching the same story but have no historical understanding whatsoever of how the monetary system has ever worked. Their focus on the Federal Reserve shows that they are not looking at the world economy and they do not even comprehend how bad things really are outside the United States.  They do not comprehend what is an interest rate. It is the compensation to a lender for his anticipation of inflation plus a profit. If I think the dollar will decline by 50%, why would I lend you dollars for a year if when you pay me back it buys half of what it did when I lent it to you?

Debt can be a performing asset. I advised many of the Takeover Boys during the 1980s. We would borrow in one currency to buy the asset in another using the computer to distinguish the long-term trends. I would not recommend that to someone just operating on a gut feeling.

We were also advising on real values, which Hollywood distorted and based the movie Wall Street with Michael Douglas and his famous speech on greed. What they did not really understand was that after a Public Wave that peaked in 1981, stocks were suppressed and the full-faith in government created the broadly supported bond market.  Hence – bonds were conservative and stocks were risky. There were two aspects that were behind the entire Takeover Boom.

First, I was showing these charts and how in terms of book value, the Dow Jones bottomed in 1977. It was obvious that if you could buy a company, sell its assets, and double or triple your money, then the market was obviously not overpriced. We had forecast that the Dow was undervalued and that it would rise from the 1982 low of 769.98 and test the 2500 level in two years in 1985. Indeed, it reached 2695.47 by September 1987. We also projected that by the next decade, the Dow would test 6,000 on its next rally.

Even the press in Japan was shocked. We were also projected that Crude would fall below $10 in 1998. Indeed, that forecast was covered by Mark Pitman at Bloomberg News. It bottomed at $10.65 in 1998. In gold would forecast that it would drop to test $250 by 1999 completing a 19-year cycle low. Then gold would rally to test 1,000. Gold reached the $1,000 level by 2008. The Japanese press thought those forecasts were wild, to say the least.

The SECOND aspect of our advice to the takeover boys of the ’80s was something the press NEVER understood. We would advise borrowing in one currency for an asset in another. We were able to turn debt into a performing asset. We would make 20-40% profit on the currency alone. Often, the press would just look at the debt and not understand what we were even doing.

Most of this reasoning stems from Sir Tomas Gresham’s observations when he represented England at the Amsterdam exchange during the reign of Henry VI’s reign and debasement. As Henry debased the silver coinage as was taking place in Spain, the more they debased the coinage, the higher the inflation took place. His observation that bad money drives out the good has been grossly misunderstood. When I was growing up, they took the silver out of the coinage in 1965.  People were culling out the silver showing that the debased new coinage of 1965 drove out of circulation the old silver coinage. The same thing has taken place with the copper pennings.

Because people hoard old coinage, the money supply shrinks. That then forces the government to issue far more debased coinage to compensate for the coinage that has been withdrawn from hoarding. Consequently, inflation unfolds for all tangible assets to rise in value as expressed in the newly debased coinage.

What these people always try to sell is the same old scenario that they cannot point to a single instance in history where everything collapses to dust but only gold survives. Such periods will typically result in revolution. When Caesar crossed the Rubicon, that was also all bout a debt crisis.

You must also understand that interest rates will be at their LOWEST internationally in the core economy of the Financial Capital of the World – which is the USA right now. The further you move from the center, the higher the interest rate will be. Hence, I have warned that the United States will be the LAST to fall – never the first. This is not based upon my opinion, this is simply historical fact.

We have interest rates back to 3000 BC and have studied the impact of such convulsions in economic history. As for the Debt Crisis that forced Caesar to cross the Rubicon, I suggest you read Anatomy of a Debt Crisis that appears, only Julius Caesar ever understood. 

The Bottom Line is very simple. There is just no such period as people describe where everything turns to dust and only gold survives. Even if that were true, they what good would the gold do if everything else is worth ZERO? Gold would have also ZERO value since nothing would have value.

The real issue is that as government defaults unfold, tangible assets will rise in value for the amount of money in debt always dwarfs that in even the stock market. We are in a Sovereign Debt Crisis and that is very different from a private debt crisis.

Zelensky’s Corruption


Armstrongs Economics Blog/Ukraine Re-Posted Mar 9, 2023 by Martin Armstrong

Zelensky’s victory in Ukraine will be looked upon as the Judas who sold his country for a handful of silver. The corruption in Zelensky’s government is by far the greatest perhaps 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 Ukrainian people need to rise up and save their country from total annihilation. Ukraine remains the most corrupt government in the world and they are selling the Ukrainian people for personal wealth and greed with ZERO remorse for their nation or their people. Ukrainian politicians topped all other countries for corruption and even in the Pandora Papers, 38 Ukrainian politicians have to hide cash offshore – the largest number of corrupt politicians in any other country.

The NeoNazis want everyone to think Putin is evil when they are destroying their own country and are desperately trying to drag the entire world in to destroy all Russians – their ethnic cleansing job from World War II. What is not being reported by the Western press because of Zelensky’s propaganda campaign, is that over 2.8 million “Ukrainians” have fled to Russia from the Ukrainian NeoNazis. That began when the Ukrainians massacred Russian-speaking “Ukrainians” in Odessa and burned them alive. They were beating and killing any Russian-speaking people on the streets of Odesa in May 2014 which sparked the entire separatist movement of the Donbas. Those who ran into the building for safety were burned alive.

The Ukrainian people had better rise up and overthrow Zelensky or they will not have a country left when this is over.

Tucker Carlson Defends Himself Against DC Attacks – “We are learning who the liars are”…


Posted originally on the CTH on March 9, 2023 | Sundance

Tucker Carlson has been under blistering attacks from the administrative state in Washington DC, the professional media, Democrats and Republicans in congress as well as the agencies of the FBI, DHS and DOJ.  {Direct Rumble Link Here}

Mr. Carlson responded again tonight to the vitriol from the apparatus of government for his airing of the January 6th CCTV tapes and the fallout from the sunlight.  Extensive segment as aired – WATCH:


Senator Mitch McConnell Hospitalized After Fall During Private Dinner


Posted originally on the CTH on March 9, 2023 | Sundance

…. “and forgive us our trespasses, as we forgive those who have trespassed against us”…

(Via Fox News) –  Senate Minority Leader Mitch McConnell, R-KY, is hospitalized in Washington, D.C., after he fell Wednesday night.

McConnell was attending a private dinner at a hotel in the nation’s capitol when he tripped, Spokesman David Popp confirmed to Fox News Digital.

He was taken to an area hospital to be treated. The extent of his injuries, if any, were not immediately known.  The full statement from McConnell’s camp read as follows:

“This evening, Leader McConnell tripped at a local hotel during a private dinner. He has been admitted to the hospital where he is receiving treatment.” (link)

Is The Task Too Big for Current House Weaponization Subcommittee Structure?


Posted originally on the CTH on March 8, 2023 | Sundance 

Attorney Mike Davis has some good constructive criticism surrounding the current construct and status of the House Select Subcommittee on the Weaponization of Govt. {Direct Rumble Link}

As Mr. Davis notes the current allocated budget ($2 million) and staffing (5 persons) of the committee itself does not reflect a priority, and the demands of the regular House Judiciary Committee upon Jim Jordan (chairs both) means his time focused on the subcommittee is curtailed.

I’m not sure the issue is as dire as Davis notes; obviously we do not know the background work that might be taking place; but the lack of general urgency -in combination with the history of the GOP in congress- does lend credibility to the overall concerns.  WATCH:

My own perspective on the challenge is somewhat conflicted.  On one hand the scale of addressing the issue of this size doesn’t fit the traditional model of legislative oversight. On the other hand, this entire process is the only one available that conforms to the role of government oversight.

I have previously outlined the scale of the opposition the House Subcommittee faces and will face.  Knowing the size of the opposition, you can make an argument that it takes a long time to prepare for this battle.  However, the issues raised by Mike Davis are fair and legitimate.

I am cynical about congress’s ability, given the scope of the effort required.  However, we live our best life and remain pragmatically hopeful.  If they have genuine intent, we will all benefit.  The only thing we can do is provide proactive input and advice; ultimately, it is up to the republicans in congress to determine if this is their priority.

BACKGROUND – The 118th Congress has authorized a “Select Subcommittee on the Weaponization of the Federal Government.”   The subcommittee falls under the jurisdiction of the House Judiciary Committee led by Chairman Jim Jordan.  Additionally, Thomas Massie (R-KY) is being reported as a representative under consideration for the chairmanship of the House Subcommittee.

House Judiciary Chairman Jim Jordan should have a grasp of the scale and scope of the opposition they are about to face.  Assuming they have a fully prepared staff to support them – willing to take on a very consequential investigation; then we begin by first anticipating who will oppose their effort to investigate the “weaponization of government“.   Which is to say, everyone!

The defensive apparatus of the DC political system will likely do everything in their power, individually and with collective assistance, to ensure this committee fails.  The stakes are quite high.  As readers here can well attest, DC politics is an institutional system of purposefully created compartmentalized silos.

The compartmented information silos permit plausible deniability, and this collection of weaponized institutions contains career bureaucrats who view their opposition as the American people.

Example – The Senate Select Committee on Intelligence (SSCI), and every Republican member therein, including SSCI Vice-Chairman Marco Rubio, will make it their willfully blind priority to obstruct any investigation that touches on how the intelligence apparatus of the United States Government is weaponized against the people.

The SSCI is the institution that facilitated the creation of the National Security State.  Any effort to investigate the outcome of that system will make the House investigators adversarial to their colleagues in the Senate.

Additionally, every executive branch intelligence institution, including the DOJ-NSD, FBI, DHS, ODNI, CIA, DoD, DIA, NSC and every sub-agency within their authorities, will do anything and everything to block a subcommittee looking into their domestic activity.

A lot of bad decisions have led to really bad things.  DC does not want those bad things discussed.

Every national security justification that exists, and some that have yet to be created by the DOJ National Security Division solely for the expressed interest of blocking this subcommittee, will be deployed.

Every member of the subcommittee and their staff will be under constant surveillance.  Phones will be tapped and tracked, electronic devices monitored, cars and offices bugged, physical surveillance deployed, and top tier officials at every subsidiary agency of the U.S. government will assign investigative groups and contract agents to monitor the activity of the subcommittee and provide weekly updates on their findings.

The White House together with the National Security Council will also backchannel to and from these agencies doing the surveillance.

The intelligence apparatus media will be deployed, and daily leaks from the various agencies to their contact lists in the New York Times, Politico, Wall Street Journal, Washington Post, ABC, CBS, NBC, CNN and MSNBC will be in constant two-way communication for narrative assembly and counterpropaganda efforts.

This is the context of opposition to begin thinking about before anything moves forward.

Additionally, the national security state will demand the House investigation take place on their terms.  They will demand secrecy, national security classification and require House subcommittee members to adhere to the Intelligence Community terms for review and discussion of anything.

Each agency will not voluntarily assist or participate in the investigation of any of their conduct.  Every official within every agency will do the same; and they will require legal representation that will be provided to them by Lawfare, political operatives skilled in the use of “National Security” and “classified information”, as a justification for non-compliance and non-assistance.  A protracted legal battle should be predicted.

Lastly, anticipate Special Counsel Jack Smith using his position to block the House Subcommittee from receiving evidence.  The House should anticipate that congressional representatives are already under investigation as a result of the authorities granted to Jack Smith by Deputy Attorney General Lisa Monaco {Go Deep}.  The White House and all of the executive branch agencies will use the existing Special Counsel to block House investigation. Heck, that looks to be the primary purpose of the appointment.

As a result, expect the House Subcommittee members to be under constant threat from the DOJ, via the Special Counsel, specifically from DAG Lisa Monaco, with statements that House Subcommittee investigative efforts are “obstructing” a special counsel investigation.  The aforementioned agencies and the Senate Intel Committee will work with the DOJ to use the Jack Smith special counsel as a shield to block participation with the House Subcommittee.

With all of that in mind, what is the successful path forward?

♦ First, everything has to be done in sunlight and maximum transparency, even the planning and organization of the committee construct, purpose and goals.

The committee can have no shadow operations, unknown guiding hands or secrets that can be discovered and then weaponized against the intent.  Sunlight is the best disinfectant.

I know DC has little concept of working like this, but you can train yourself to do it.  You have nothing to hide; however, those who are being investigated have everything to hide.  Do not provide them ammunition by retaining secrets that can be weaponized against you.

As Andrew Breitbart said, be open with your secrets.

Your second cousin Alice will be a source for the New York Times to write about the Thanksgiving dinner three years ago when she heard the “N” word or a tasteless joke about something outrageous.  Every member of the committee and staff need to prepare for a dossier completed by the FBI about them and distributed to the government allies in mainstream media.

Security clearances will be leveraged and threatened as a tool of the national security state to stop the secrecy envelope from being opened publicly.  This will happen; so just anticipate it.  When the security clearance of [insert_name_here] is threatened, go to the microphones and tell the public who is doing the threatening, and why.

♦GOALS – The goal needs to be crystal clear to anyone and everyone who would contemplate assisting.  Yes, there needs to be a legislative intent in order to legally formulate the committee; that’s a no-brainer.  However, the ultimate goal should NOT BE accountability on those who may have perpetrated or supported weaponized activity against American Citizens.  The ultimate goal SHOULD BE for maximum public information, transparency and sunlight about the weaponization as it is discovered.

Let us assume the goal is accepted.  Before moving forward, the subcommittee needs a professional communication strategy in place before the rules, terms and member outlines are structured or made public.

A thoughtful communication strategy so that information can come from the committee to the public without the filtration of a corrupt system that will bend and skew the findings as a weapon against the committee itself.

♦COMMUNICATION PORTAL – Hire a communication staff, and set up a website for the sharing of information directly from the committee to the public.  The daily activity of the committee should be shared publicly in granular detail.  The witness names as scheduled, documents requested, everything that involves the committee activity should be known to the general public. This system should be updated at least DAILY, or as information is compiled.

This communication network should also contain a separate staff assigned to solicit, accept and distribute information provided by the public to the subcommittee.  Yes, you read that correctly, the subcommittee website should be able to accept information provided by the public as it relates to the ongoing committee work.

Crowdsource We The People as research leverage against the much more effective Lawfare operations you will face in opposition.  This means a portal where the ‘open source’ information can be delivered by researchers, many of those on the spectrum, who hold deep knowledge of the information and system processes in the silos.

In the past several years, thousands of documents have been retrieved by FOIA and public records investigations.  Hundreds of experts in the granular details of the DHS, FBI, DoD and DOJ-NSD systems have knowledge that can benefit the committee; you just need a way for them to transmit the evidence/information to you.

That ‘open source’ evidence should flow into the committee portal with address sourcing that allows the committee staff to review and locate it independently.  This avoids the predictable counterargument, from the national security state, that Russia (or foreign actors) is feeding disinformation into the committee.

The documentary evidence will mostly be “open source,” extracted and then cross-referenced from within the multiple silo system the national security state uses as a shield. And the origination of the documents will be traceable and easy to duplicate, thereby providing secure provenance.   The internal staff manager for this inbound portal is critical (think former HPSCI Nunes staff).

Documents found by the committee should then be uploaded to the same communication system (website), permitting the public -especially the autists- to review and then cross reference the committee material; ultimately channeling information back into the committee if important dots connect or puzzle pieces clarify.   Think of this as a massive counter Lawfare operation with hundreds of Deep State subject matter experts assisting the committee.

Witness transcripts should be uploaded within 36 hours of testimony.  Then let the public do the research, background review and dot connecting from the testimony.  If you build it, they will come.

♦ Next, GO PUBLIC with everything.  Do not use the terms and conditions of the secretive administrative state.  Tell the public what you are finding as you are finding it.  You can share information without violating “sources and methods.”   Schedule a media appearance at the 8pm hour twice weekly with a high visibility broadcast media network to provide updates and answer questions.

These scheduled appearances should be in addition to random media press releases and press comments as pertinent information to the subcommittee arrives.   What this means is that you do not wait to produce a 2,000-page final report before releasing the information.  The final report should be an update and summary of all previous findings that have been released to the public along the way.

♦ At the outset, put no rules on media contacts with any subcommittee staff or member.  Counter the darkness that fuels the intelligence community agenda with maximum sunlight and transparency.  Use truth as a weapon against disinformation.  That means no nondisclosure agreements at any part of the process.

Yes, this is radical change in approach, but this is also a radical enemy you are facing.  Playing the secrecy game works in their favor, not yours.  Transparency is your tool, not theirs – use it.

Use truth as a weapon.

Every member of the committee can say anything they want about any of the material or witness testimony they hear during the course of the investigation.  Public hearing or closed-door sessions, it matters not.  The same rule applies.  Committee members are completely free to discuss any findings as the information is reviewed.

The goal should NOT BE accountability on those who may have perpetrated or supported weaponized activity against American Citizens.  The goal SHOULD BE for maximum public information, transparency and sunlight about the weaponization as it is discovered.  This approach makes We The People the accountability portion of the process.  As a result, the next section is again rather groundbreaking….

♦ Every witness to the committee should be granted full legal immunity provided by the House and House Speaker for anything said during the testimony or admitted as being done as part of the evidence fact-finding.  Again, the goal is transparency and openness, not prosecution and accountability.  Use sunlight as a weapon to draw out the truth, then let the American people be the judges of what that truth means when contrasted against the constitution of our nation.

Let me repeat this… There should be ZERO legal liability for any conduct that happened as a part of any witness effort to weaponize the United States government against the American people.  The immunity should cover everything *except* perjury from the witness to the committee itself (ex. Oliver North).   If the witness lies, the immunity evaporates.

Why this approach?  Because (a) it circumvents any issues that might impede testimony, removes hurdles; (b) immunity compels confession, honest sunlight and the urgency of the situation; (c) immunity makes the truth more likely; and finally, (d) you are not going to get legal convictions anyway.   The truth has no agenda.

Another reason for the immunity is because the operation of the subcommittee should be heavily focused on witness testimony, not documents.  The documents can come as part of the follow-up to the witness testimony, but it is the witness testimony needed; the publication of the transcripts then provides the public sunlight.  This is key.

90% of the committee work should be focused on witnesses and questions therein.  Only 10% of the committee work should be seeking documents.   Avoiding the documents shortens the time needed for investigative disclosures and avoids protracted legal battles therein.  If the people on the committee, those who are asking the questions, do not already know the details behind the questions and the locations of the supportive documents, then you have the wrong people on the committee.

Every response to a questioned witness should come with the following question: “How do you know this?”   That is how you will discover the nature of the documents, communications, emails etc that support the fact-finding mission.  “How do you know this” also leads to more witnesses.  Work the issue from the bottom up.   How do you know this; who told you this; why did you do this; what authority guided you; who authorized this approach? etc. etc. etc.

Use fully immunized witnesses to tell the story, then go look for the documents to corroborate the witness statements using the ‘under oath’ transcript as part of the impenetrable subpoena itself; but don’t wait, keep questioning witnesses.

DOCUMENTS – Once you identify the location of documents that would assist the sunlight objective, don’t only rely on the government side of the conversation as the targeted source for retrieval.  If the document contains communication to external parties, ie public-private partnership, then move to gain the documents from the private side, thereby avoiding the roadblocks inside government.

Regardless of the status of the document search, and regardless of whether legal battles will be needed to retrieve those documents, keep moving forward with the witness testimony.  Do not stop committee work just because internal silo opposition is being fought.  Keep working the plan and bringing immunized witnesses, both inside government and outside government, forward for questioning.  Leaders within organizations and agencies are important, but clerks, staff, and administrative aides in/around those same leaders could also provide important information.

This subcommittee approach, along with the people needed, will obviously take more time to assemble.  However, once put together everything thereafter moves at a very rapid pace, which is also part of the strategy.  Flood the information zone with maximum sunlight and keep the opposition off balance.

The goal is sunlight. Rip the Band-Aid off, call the baby ugly and start the process to fix this crap by exposing it. Restore the First and Fourth Amendments, and heal the injury.

From the Church Commission we got the secret FISA court and more tools for violations of our Fourth Amendment rights.  From the 911 Commission we got The Patriot Act, DHS, TSA, DNI and many more violations of our rights and Fourth Amendment protections.   We do not need any legislation as an outcome of the House “Select Subcommittee on the Weaponization of the Federal Government.”

We do not need your legislative help.  All prior legislative help only ended up making things worse.

What we need is a full, uncensored, brutally honest expose’ of how bad things have become and how that system can be dismantled.  The existing constitution is the protection, just remove the stuff that is violating it.

I know this approach is rather different from the norm.  However, if this roadmap seems reasonable, I am certain you will find support from within the silo system that is currently operating, and from people outside the government who will volunteer time and effort to assist.

Summarized: (1) Know the scale of opposition.  (2) Formulate a communication strategy around it and build a website. (3)  Communicate findings by telling the story to the American people as it is discovered. (4) Grant immunity to all witnesses. (5) Don’t wait until the end to generate another useless report that few will read. (6) Make sunlight the motive of the committee. (7) Consider success when the American people can see the problem.  (8) Dissolve any weaponized systems.  (9) Don’t create new ones.

If you tell us the truth, We The People will fix it ourselves.

Fed Rates Up into 2024?


Armstrong Economics Blog/Interest Rates Re-Posted Mar 8, 2023 by Martin Armstrong

Federal Reserve Chairman Jerome Powell has made it clear that he sees higher interest rates ahead in his battle against inflation and their unrealistic 2% target. Many traders are now scrambling talking about how Powell said the Fed will probably raise rates more and possibly faster than previously anticipated. They are now taking that as a warning he may do a 50-bp hike this month. Our computer projected a Directional Change in 2022 and everything is on schedule for the rise into 2024.

Powell also restated his warnings to US banks about the risks of getting involved in the crypto industry. He expressed very clearly that lenders must take “great care” when engaging with cryptocurrencies. He added that the central bank didn’t want to prevent innovation, but it is not bullish on this industry and views it more like the DOT.COM Bubble.

Robert Kagan-ovich of Russia


Armstrong Economics Blog/Neocons Re-Posted Mar 8, 2023 by Martin Armstrong

COMMENT: Lazar Kagan-ovich, Starved 6 million people in Ukraine and was the great-grandfather of Robert Kagan, the name came up at ancestry.com.
It’s my suspicion, and I thought I would pass that on, I searched this when you wrote the article about the movie of the NYT journalist in Russia. in the 1930s
I read the article today about Victoria Nuland-men
Thanks for your work been following me for almost 10yrs.

RM

REPLY: I can’t confirm that Lazar Kagan-ovich’s offspring include Robert Kagan. I do find it ironic that he was the architect of starving Ukraine and Stalin’s right-hand man. What I find curious is that Lazar Kagan-ovich was born by Kiev and was Ukrainian by heritage. Stalin was Georgian. The Ukrainians hate Russians yet it is ironic that the architect of the starvation of Ukraine came from there. Even Wikipedia states:

“Kaganovich (together with Vyacheslav Molotov) participated with the All-Ukrainian Party Conference of 1930 and were given the task of implementation of the collectivization policy that influenced the 1932–33 famine (known as the Holodomor in Ukraine).”

His father died by the time he was two and his mother left Lithuania and migrated to the USA. Beyond that, only the name links him to the notorious Lazar Kaganovich. The blank slate is curious. The 1569 Union of Lublin created the Polish–Lithuanian Commonwealth that lasted until 1795. The final Partition of Poland ended both independent Lithuania and Poland. Thereafter, Lithuanians lived under the rule of the Russian Empire until the 20th century. Therefore, as Lazar came from Ukraine, his father was perhaps in Lithuania and was also Russian at that time. The Washington Post wrote of his father:

“Like fellow neoconservatives such as Irving Kristol and Norman Podhoretz, he was a Democrat in his youth who turned right in response to the cultural and political upheavals in the 1960s. “

If Robert is connected to Lazar Kaganovich, it certainly would explain his hatred of Russia as well. I cannot confirm such a link. Yet, he too is linked to Russia.

Ukrainian Military Dissent Against Zelensky


Armstrong Economics Blog/Uncategorized Re-Posted Mar 8, 2023 by Martin Armstrong

Our sources in Ukraine, not Russia, are warning of serious dissent building against Zelensky. He is a high-heel actor who has been playing a confidence game. He is by no means a military leader and the Ukrainian Military is at its ends with him. The Ukrainian General Valery Zaluzhny, is having a serious conflict with Zelensky. Even others have come out and commented to the German newspaper, the Bild, that the General called for a withdrawal from the Donbas city weeks ago, but Zelensky orders his men to die all for his endless PR campaign to pretend that Ukraine is winning.

The General told Zelensky to withdraw from Bakhmut. But Zelensky pretends for PR that it is a fortress despite the fact that it has been cut off and completely;y surrounded with only one road available for possible evacuation and Zelensky refuses to withdraw. Even the Biden Administration has been urging Zelensky to pull out and focus on preparing a major counteroffensive for the spring. Yet, Zelensky fears admitting publicly a defeat that would hurt the billions flowing into Ukraine. This was part of the Ukrainian defense line that they created when Kiev began its invasion of the Donbas in 2014 on their claimed Anti-Terrorist offensive to kill all Russians and deny them any right to separate seeking their independence in the 2014 Revolution.

Even those speaking to the Bild expressed deep concern that they “do not understand why the city is being held” and believe they should have withdrawn a long time ago. Zelensky proclaims that his Ukrainian forces would defend Bakhmut as long as it “remains reasonable” to do so.

Our sources are clearly saying that Zelensky is losing support and if anyone will becomes the next President it will be General Zaluzhny.