Wisconsin Sen. Ron Johnson calls out the Biden Family’s alleged corruption on ‘Hannity.’
Journalists don’t want to defend Biden because his policies have been disastrous: Sen. Ron Johnson
Tag Archives: Economic Collapse
Nunes: Vice Presidents don’t get to take classified documents home
Truth Social CEO Devin Nunes discusses the ramifications of President Joe Biden’s ongoing Garage Gate scandal on ‘Spicer & Co.,’ January 16, 2023.
IMPEACH THE ENTIRE INSTALLED OBAMA’s THIRD TERM ADMINISTRATION
Who is America’s Enemy? Russia or the other Political Party?
Armstrong Economics Blog/Politics Re-Posted Jan 18, 2023 by Martin Armstrong
In writing the Greatest Bull Market in History, published in 1986, I had to do all the original research. I read all the newspapers daily year after year to come to the realization that attitudes shift back and forth. It became very obvious that before FDR and the introduction of Marxism to the United States, the focus was on markets. With Roosevelt, he weaponized the Federal Reserve and just about everything else to further his agenda. Roosevelt demonized Pierre du Pont for he made a lot of money providing the weapons for World War I. Roosevelt called him the Merchant of Death, but then suddenly needed him again for World War II.
The nation is dividing significantly. This is why the United States cannot stand divided. The latest poll demonstrates that the forecast made by our computer is unsurpassed. The question presented was who is our enemy?
For Democrats, the top three results named Russia (31 percent) as our “greatest enemy,” followed by Republicans (26 percent) and China (16 percent).
For Republicans, the top three are China (35 percent), Russia (33 percent), and Democrats (12 percent).
We now are starting to see that we have an enemy within – the opposite political party. This is absolutely essential for it confirms the forecasts of our computer that have been common since our 2011 WEC.
The Madoff Cover-Up
Armstrong Economics Blog/Banking Crisis Re-Posted Jan 18, 2023 by Martin Armstrong
For those who just read the news and believe whatever they report, in the industry, everyone talks all the time. If Madoff was losing billions trading, everyone would have known. It is one thing to have a portfolio of assets that itself collapses in value which would NOT involve trading, then that presents a more private issue but everyone would suspect something for the news would be circulating around as to what he bought. There is just no way money vanishes. The likely prospect is that Bernie was aware of the dark side of Wall Street and perhaps facilitated that for a price.
Bernie’s case began on December 10th, 2008. Lehman Brothers and Bear Stearns both collapsed and the Fed took over Fannie & Freddie. The collapse of Lehman shocked the world and that unleashed real panic. That above all took down Madoff, but then came the bailout of AIG which was really to save Goldman Sachs. No doubt, Bernie was hit with withdrawals and on whatever investment he did have in place, he would have lost a fortune without a Ponzi scheme. With the practice of laundering money going on in NYC, no doubt the counterparty risks collapsed. That most likely pushed Bernie over the edge.
Understand one thing. Madoff did not collapse in isolation. His losses were curiously suddenly attributed to a Ponzi scheme. That was very convenient. Calling something a Ponzi scheme as a matter of law meant that EVERY transaction was a fraud. Therefore, that cuts off all investigations to understand what really happened. It is no longer needed because everything and every transaction need not be investigated because it was all Bernie as a fraud.
As long as they called it a “Ponzi Scheme” there was no investigation into money laundering.
The Davos Sex Trade
Armstrong Economics Blog/Conspiracy Re-Posted Jan 18, 2023 by Martin Armstrong
Besides the Swiss government sending in 5,000 troops to guard Schwab, the other professional trade that besieges Davos are the prostitutes. In fact, they strongly advise that women should NOT attend Davos UNESCORTED because they will be taken to be a member of the guild. The 2016 Democratic National Convention was a presidential nominating convention, held at the Wells Fargo Center in Philadelphia, Pennsylvania, from July 25 to 28, 2016. To my shock, besides the usual army of prostitutes that attend political conventions, a member of our staff who is gay at the time said all the gay boys were also making big bucks for the Democrats at these conventions also like the other side of the street.
When I was in NYC, one of the lawyers on a Terrorist case said that they all use the high-class prostitute who also has the skill set to be a paralegal. The court pays for these “paralegals” with tax payer’s money and they then engage in the game of legal espionage sleeping with the enemy for inside information.
As I have said before, if a woman wears a black-leather mini-shirt and stiletto heels, you better be well informed that is the typical uniform for a professional member of the guild. This is the real world even in DC. Perhaps you can check history, but in 1983 there was the Congressional Page Sex Scandal was a political scandal involving members of the United States House of Representatives having homosexual relations with their pages.
Subsidy Wars – EU Promises to Match Joe Biden Green New Deal Subsidies with Even Bigger Govt Spending
Posted originally on the CTH on January 17, 2023 | sundance
The European Union is hopping mad that Joe Biden was able to pass the “Green New Deal” (aka Inflation Reduction Act) and generate hundreds of billions in government subsidies for climate friendly initiatives. Essentially, this is an economic war over who can do socialism better.
Fearing the EU may lose their green position, the European Union is now promising to fight back by spending even more, bigger, sums of taxpayer funds to subsidize their green ‘climate change’ energy economy.
If Biden plans to transfer hundreds of billions to corporations as structural enhancements for permanent energy changes, the EU will meet or beat that subsidy scheme. So sayeth, EU Commission President Ursula von der Leyen.
(Via Reuters) – The European Union responded on Tuesday to U.S. moves to boost its energy transition with its own plans to make life easier for green industry, saying it would mobilize state aid and a sovereignty fund to keep firms from moving to the United States.
European Commission head Ursula von der Leyen told the World Economic Forum (WEF) annual meeting in Davos that the moves would be part of the EU’s Green Deal industrial plan to make Europe a centre for clean technology and innovation.
“The aim will be to focus investment on strategic projects along the entire supply chain. We will especially look at how to simplify and fast-track permitting for new clean tech production sites,” she said in a speech at the meeting.
“To keep European industry attractive, there is a need to be competitive with the offers and incentives that are currently available outside the EU,” von der Leyen added.
Earlier, International Energy Agency (IEA) executive director Fatih Birol told a WEF panel that energy security was now the biggest driver of climate investment.
Birol said the U.S. Inflation Reduction Act (IRA), which was signed by President Joe Biden last year, would drive investment into cleaner energy and represented the most important climate deal since the landmark 2015 Paris Agreement.
This view was echoed by Larry Fink, chief executive of the world’s biggest asset manager BlackRock, who told an event on the sidelines of the WEF meeting that moves by the U.S. government to finance a faster shift in the world’s biggest economy, through the IRA was a “game changer”. (read more)
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Carbon trading…. digital currencies… taxation on carbon footprints…. limits on what will be permitted for purchasing…. It’s all coming together swimmingly.
Prostitutes Attending WEF Summit in Davos Create Business Opportunity for EU Sex Workers
Posted originally on the CTH on January 17, 2023 | sundance
January 17, 2023 | sundance | 84 Comments
As noted by Steve Bannon during a summary of events at the World Economic Forum, the Daily Mail is reporting {SEE HERE} how the attending prostitutes are creating a business opportunity for European sex workers. Among the other topics up for discussion at this year’s summit are the Ukraine war, global inflation rates, climate change and inequality. {Direct Rumble Link}
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[L-R] Alain “SpankMe” Berset, president of Switzerland, Olena “MoMoney” Zelenska, First Lady of Ukraine, Ursula “FemDom” von der Leyen, president of the European Commission and World Economic Forum founder Klaus “WigglyBits” Schwab.
On a more serious note, the World Economic Forum describes itself as a collection of corporations, “shaping” government “policies.”
Fascism was traditionally defined as an authoritarian government working hand-in-glove with corporations to achieve objectives. A centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.
That system of government didn’t work in the long-term, because the underlying principles of free people reject government authoritarianism. Fascist governments were destroyed, and the corporate beneficiaries were nulled and scorned for participating. Then, along came a new approach to achieve the same objective.
The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time, it was the multinational corporations who organized to tell the government(s) what to do. The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate with them, in order to be rewarded by them. Corporatism was/is the outcome. The government is now doing what the multinationals tell them to do, and in return the multinationals install the compliant politicians.
Fascism, the cooperation between government and corporations, is still the underlying premise; the World Economic Forum simply flipped the internal dynamic putting the corporations in charge of handing out the instructions.
What results is a slightly modified definition of fascism:
…A massive multinational corporate conglomerate; telling a centralized autocratic government leader what to do; and using severe economic and social regimentation as a control mechanism; combined with forcible suppression of opposition by both the corporations and government.
Doesn’t that define our current reality.
The instructions from the multinational corporations to government would be called the “Great Reset“, or as previously transposed by the government officials receiving the instructions in the era following the COVID-19 pandemic, “Build Back Better”.
John Kerry Pontificates About the Extraordinary Ability of a “Select Group of Humans” at the World Economic Forum, Who Will Save The Planet for the Eaters and Serfs
Posted originally on the CTH on January 17, 2023 | sundance
During a sidebar conversation with those rare elites who wax philosophically about their magnanimous ability to protect the vulgarian eaters, former Secretary of State and current Climate Czar John Kerry, praises the audience for their unique traits and gifted high-mindedness that will protect all humanity.
While the lizard tongue darts, the grand pontifications are espoused. The audience oohs and ahhs, at the nature of their entitled superiority. They are so good, so magnanimous, so altruistic in their disposition, according to Kerry they are literally “extraterrestrial,” which is to say out of this world. WATCH:
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Go ahead and tell me how CTH was wrong 12 years ago…. Their worldview:
In the Before Times….
Posted originally on the CTH on January 17, 2023 | sundance
Be rebellious and have fun doing it.
Live your best life.
Manipulated Economic News on Inflation – Prepare for Bad Corporate Earnings Reports as a Result of Poor Holiday Sales
Posted originally on the CTH on January 17, 2023 | sundance
There has always been a general shaping and interpretation surrounding economic news, specifically as it relates to the impact of pricing on consumers and corporations. However, against the backdrop of supply side inflation, the financial gaslighting from the Wall Street Journal stands out at the top.
Without pretending, and looking directly at the Main Street reality, CTH has outlined inflation as a matter of monetary and energy policy. From that standpoint the timing and scale of price increases (inflation measured over time) was predictable. Our current status is an inflationary plateau, where prices remain high but stabilize for likely two quarters.
What the Wall Street Journal outlines as a “shopper rebellion against high prices” is complete hogwash. Notice in the construct of the narrative, the demand side (consumers) is identified as the cause of diminished revenue & profits for corporations. They continue pretending that inflation was not driven by energy costs.
(WSJ) – […] Many companies raised their prices substantially last year to offset higher fuel costs and higher prices for ingredients, parts and labor. As fuel prices have dropped and pandemic supply-chain snarls have eased, some of those costs have come down.
That is a good sign for the economy. It suggests that some inflation in the past year resulted from extreme supply-demand imbalances brought on by the pandemic and the war in Ukraine and which are now fading.
Notice the transparent lack of mentioning ‘energy policy’ as the inflation driver.
[…] The study, by economists at the Federal Reserve Bank of Kansas City, found that higher markups—the gap between what a firm charges and what it costs to produce an item—were a major driver of inflation in 2021.
They concluded that companies in some cases were raising prices in 2021 in anticipation of future cost pressures, rather than because of market power or outsize demand. Andrew Glover, a senior economist at the Federal Reserve Bank of Kansas City who was involved in the study, doesn’t expect prices to fall this year, he said, but he anticipates that the pace of increase will continue to slow.
Inflation is the rate of increase over time. We have experienced two years of massive price increases. Yes, the rate of those increases will moderate, this is the plateau, but the price will never drop. The current prices are a direct result of fixed energy policy.
[…] Unit sales of food and beverages fell 3% last year, but on a dollar basis they rose 10%. That showed consumers were willing to pay higher prices for groceries but bought fewer items.
[…] “People need to eat,” said Krishnakumar Davey, a president at IRI. Shoppers are nonetheless buying less when possible and, in many cases, buying less expensive versions of necessities such as toilet paper and laundry detergent. (read more)
Meanwhile the Fed is worried that wages will be forced to increase. Here is the real worry for the Wall Street Journal, “If consumers believe high prices will persist, they could seek bigger raises, and businesses, seeing higher labor costs, could continue raising prices.” Yes, workers, forward inflation is your fault.
Government policy drives up prices, but workers needing wage increases to pay for those higher prices… well, that is not acceptable to the government, comrade proles.
Centinel2012 