The Madman of Ukraine in High Heels


Armstrong Economics Blog/Ukraine Re-Posted Oct 10, 2022 by Martin Armstrong

COMMENT: Hi Martin
It is obvious that Zelensky does not have a brain and is being controlled by outside forces. Is it Schwab or is he just a front also? You probably know more than what is going on than anyone else including intelligence.
Thank you
All the best
MW

REPLY: I cannot say everything without compromising some sources. These people have played a dangerous game. Putin never intended to wage war on Ukraine. He was there to do what he said, protect the Russian population in the Donbas and Crimea, which have NEVER been occupied by Ukrainians. Zelensky should go back to dancing in high heels and leave the real world to serious people.

This launching of 83 missiles is the biggest attack on Kyiv since the war began. That in itself proves he was never trying to conquer Ukraine. This propaganda is all strategically being put out to create war. Europe needs this because it can no longer fund itself on the same basis of endless borrowing with no intention of ever repaying the debt. The failure to have consolidated the debt from the outset is tearing Europe apart. These people think (1) they can defeat Russia and chalk one up for climate change since 50% of Russia’s GDP is energy, and (2) a war will allow them all to default and create another Bretton Woods while reducing the population. These are real objectives.

Putin never struck Kyiv because that was the home of the Russ, where the Russians began. Only the destruction of Kyiv in 1240AD by the Mongold resulted in them settling in Moscow. Kyiv to Putin was more or less like London has been to the United States. This attack on Kyiv is what I have been warning about. Putin has been criticized by the hardliners for being too soft on Ukraine. They are not as nostalgic about Kyiv as Putin has been.

The West is pushing Russia and they will get what they want – war. This is just insane. The Ukrainian people need to overthrow Zelensky – NOW! He is not putting their best interests first. It has been confirmed he has already stashed more than $100 million offset and he will fly away on a private jet leaving the death and destruction behind. Maybe then he will change his shirt.

In the meantime, Russia can take down the power grid of Europe with a handful of missiles. Without alternatives, Europe’s current energy shortfall will worsen this winter. If Russia attacks the satellites, without GPS, most people will be lost today. Things can get really messed up without nuclear war.

Biden Announces U.S. Air Defense System for Ukraine Following Retaliatory Russian Missile Attacks


Posted originally on the conservative tree house on October 10, 2022 | Sundance

In a statement today from the White House, Joe Biden has pledged “to continue providing Ukraine with the support needed to defend itself, including advanced air defense systems.” [link]  The statement comes as a result of a phone call between Biden and Ukraine President Volodymyr Zelenskyy.

Two days ago, a bridge between Russia and Crimea was bombed by Ukraine causing a section of the bridge to collapse.  Yesterday, Vladimir Putin retaliated with missile strikes against several cities in Ukraine and key infrastructure for energy.

The U.S. State Dept and CIA are continuing to lead and coordinate the Ukraine war effort with U.S. personnel in place to organize operations. [link]

Like the bombing of the Nordstream pipeline, it is highly likely the Kerch Strait bridge targeting was planned by Ukraine and the United States.  However, we are not permitted to speak about these coordinated efforts. The bottom line is the U.S. Biden administration going further toward direct engagement with Russia via the proxy state of Ukraine.

KYIV, Ukraine — President Vladimir V. Putin unleashed a far-reaching series of missile strikes against cities across Ukraine on Monday, hitting the heart of Kyiv and other areas far from the front line, in the broadest assault against civilians since the early days of Russia’s invasion.

Mr. Putin said the strikes on almost a dozen cities were retaliation for a blast that destroyed sections of a bridge linking Russia to the Crimean Peninsula, though they also seemed intended to appease hard-liners in Russia who had been openly critical over the prosecution of the war.

Denouncing the bombing of the Kremlin-built bridge, an embarrassing blow, as a “terrorist attack,” Mr. Putin threatened more strikes if Ukraine hit Russian targets again.

“No one should have any doubt about it,” he said. (read more)

BIG PICTURE – The baseline for the global aspect to the Ukraine conflict remains rooted in the economic cleaving underway.  Saudi Arabia has expressed their alignment with OPEC+, including Russia, on a coordinated oil supply.  The NATO alliance broadly wants to pressure their partners away from oil, coal and natural gas.   Thus, today in addition to the phone call with Zelenskyy, Joe Biden called German Chancellor Olaf Scholz:

“President Joseph R. Biden, Jr. spoke today with Chancellor Olaf Scholz of Germany.  The leaders reiterated their condemnation of Russia’s attempted annexation of Ukrainian territory, as well as their ongoing commitment to hold Russia accountable for its brutal actions and provide security and economic assistance to Ukraine. The leaders also discussed recent developments in global energy markets and the importance of securing sustainable and affordable energy supplies.” (link)

The western ideologues, politicians, corporations and banks (yellow on map) are trying to force a new global energy system.  However, there is opposition from multiple nations (grey on map) who see the effort to shift away from oil, coal and natural gas as economic suicide.

We are now starting to see currencies like Brazil and Mexico having greater stability and growth than the value in U.S. dollars.  That said, in the long term the economics of this conflict will ultimately decide the outcome.

The citizens within the western alliance nations are suffering the consequences of the global economic cleaving.  Energy driven inflation, a purposefully created problem, is creating a recession amid the western alliance nations.  The monetary policy of U.S., EU, CA, NZ and AU is currently constructed to lower economic activity to support the reduced amount of energy resources available.

Specifically, because the Ukraine conflict is being used as a justification for political economic and monetary policy, there appears to be no limit in what the U.S. will do to widen the ideological war against Russia.  Unfortunately, the era of great pretending forbids anyone from talking openly about the true root of the issue.

It seems clear now that NATO, led by the USA, is willing to escalate a European war if that’s what it takes to protect the climate change goals.

Without Russia as the bad guy, the Build Back Better agenda becomes naked to the world.  The Ukraine conflict provides a visible shield to prevent any larger discussion.  Reference the attempt by Elon Musk to mitigate the Ukraine conflict by talking about a peace deal with Russia keeping the Russian speaking eastern Ukraine.  In the week since that proposal became international fodder for ridicule, the conflict in Ukraine has intensified.  This is not coincidental.

We are pretending our way into a war.

Voter Registration Deadlines Loom, Don’t Miss Out


Posted originally on the conservative tree house on October 10, 2022 | Sundance 

Voter registration deadlines are rapidly approaching in order to vote in the 2022 mid-term election.  [Hat Tip The Hill] Here are the deadlines to register to vote in each state. All mail-in registration forms must be postmarked by the listed deadline, unless otherwise noted:

Arizona

The deadline to register online, by mail or in person is Oct. 11. Check your voter registration status or register to vote at my.arizona.vote.

Arkansas

The deadline to register by mail or in person is Oct. 11. Arkansas does not offer online voter registration. You will be officially registered to vote when you receive acknowledgement of your registration from the county clerk’s office.

California

The deadline to register online or by mail is Oct. 24.

If the registration deadline has passed, voters may visit their county elections office, a vote center or a satellite office designated by their county elections official during the 14 days prior to and including Election Day to conditionally register to vote and vote a provisional ballot via Same Day Voter Registration.

Colorado

The deadline for Colorado residents to register to receive their ballot by mail is Nov. 1. Residents can register to vote online or in person anytime on or before Election Day.

Connecticut

The deadline to register online is Nov. 1. Residents can register in person anytime up to and including Election Day, Nov. 8.

Delaware

The deadline for the Department of Elections Offices to mail vote by mail ballots is Nov. 1. You can register to vote online or in person before or during Election Day, Nov. 8.

District of Columbia

The deadline to register online is Oct. 18. Mail-in registrations must be received by Oct. 18. Residents can also register in person anytime through Election Day.

Florida

The deadline to register online, by mail or in person is Oct. 11.

Georgia

The deadline to register online, by mail or in person is Oct. 11.

Hawaii

The deadline to register by mail is Oct. 31. Residents can also register online or in person anytime through Election Day. Same day voter registration is available beginning 10 days prior and through election day.

Idaho

The deadline to register online or by mail is Oct 14. Residents can register in person anytime through Election Day.

Illinois

The deadline to register online is Oct. 23. Residents can also register by mail before Oct. 11, or in person anytime through Election Day.

Indiana

The deadline to register online, by mail or in person is Oct. 11.

Iowa

The deadline to register online or by mail is Oct. 24. Residents can also register in person anytime up to and including Election Day.

Kansas

The deadline to register online, by mail or in person is Oct. 18.

Kentucky

The deadline to register online, by mail or in person is Oct. 11.

Louisiana

The deadline to register in person or by mail is Oct. 11. Online registration is available through Oct. 18.

Maine

The deadline to register by mail is Oct. 18. Residents can register in person through Election Day. Maine does not offer online registration.

Maryland

The deadline to register by mail or online is Oct. 18. Residents can register in person through Election Day.

Massachusetts

The deadline to register online, by mail or in person is Oct. 29.

Michigan

The deadline to register by mail or online is Oct. 24. Residents can register in person through Election Day on Nov. 8.

Minnesota

The deadline to register by mail or online is Oct. 18. Residents can register in person through Nov. 8.

Mississippi

The deadline to register by mail and in person is Oct 10. Mississippi does not offer online registration.

Missouri

The deadline to register by mail, in person or online is Oct. 12.

Montana

The deadline to register by mail is Oct. 21. Residents can register in person by Oct. 28. Online registration is not offered in Montana.

Nebraska

The deadline to register by mail or online is Oct. 16, with an Oct. 23 deadline for in person registration.

Nevada

The deadline to register by mail is Oct. 11. Residents can register in person or online through Nov. 8.

New Hampshire

Residents can register by mail, in person or online through Election Day.

New Jersey

The deadline to register by mail, online or in person to vote is Oct. 18.

New Mexico

The deadline to register by mail or online is Oct. 11. Mail-in ballots must be postmarked by that date. Residents can register in person through Election Day.

New York

The deadline to register to vote by mail, in person or online is Oct. 14, and mail-in ballots should be postmarked on Oct. 14.

North Carolina

The deadline to register to vote by mail, in person or online is Oct. 14. After that, only same-day registration during one-stop early voting is available. The early voting period for the 2022 general election begins Thursday, Oct. 20, and ends at 3 p.m. on Saturday, Nov. 5.

North Dakota

Eligible residents are automatically registered to vote.

Ohio

The deadline to register by mail, in person or online is Oct. 11.

Oklahoma

The deadline to register by mail, online or in person is Oct. 14.

Oregon

The deadline to register online, by mail or in person is Oct. 18.

Pennsylvania

The deadline to register by mail, in person or online is Oct. 24.

Rhode Island

The deadline to register by mail, in person or online is Oct. 9.

South Carolina

The deadline to register in person is by 5 p.m. on Oct. 7, online by Oct. 9 or by mail on Oct. 11.

 South Dakota

The deadline to register in person, and mail is Oct. 24, and mail-in registrations must be received by that date. There is no option to register online.

Tennessee

The deadline to register by mail, in person or online is Oct. 11.

Texas

The deadline to register by mail or in person is Oct. 11. Texas does not offer online voter registration.

Utah

The deadline to register online or by mail is Oct. 28, and mail-in registrations must be received by that date. Residents can register in person through Election Day, though they will need to present two forms of identification at the voting location to register

Vermont

Residents can register by mail or in person through Nov. 8, though voters need to register online to complete the process by Nov. 4 to ensure their name appears on the checklist on Election Day.

Virginia

The deadline to register by mail or online is Oct. 17. Voters may register in person through Election Day, and vote using a provisional ballot.

Washington

The deadline to register online or by mail is Oct. 31, and mail registrations must be received by that date. Residents can register in person through Election Day.

West Virginia

The deadline to register by mail, in person or online is Oct. 18.

Wisconsin

The deadline to register online or by mail is Oct. 19. Residents can register in person through Election Day.

Wyoming

The deadline to register by mail is Oct. 24. Residents can register in person through Nov. 8. Online registration is not available.

Report, Durham Wrapping Up


Posted originally on the conservative tree house on October 10, 2022 | Sundance 

After several days of research interviews in a locked down and closed Washington DC, in the spring of 2020 I sat alone in a hotel room and pondered how to boil down the essence of the most critical information into one question.

Multiple days of questions and contacts accompanied three years of background research and 600+ pages of retrieved open-source citations sat on the table in front of me.  The exact same material was organized into two assemblies.

•The first set was organized in the timeline for when the documents were released or became public.  •The second set was the result of taking the documents and putting them into the chronological order of when the events took place.   As I stared at it, the answer became obvious…

Ask people a simple question, “what was the purpose of former FBI Director Robert Mueller’s two-year probe?

Returning to those same discussions and going back into the individual silos, that new question was asked, “what was the purpose of Mueller?”

The responses showed the reality.

Every single person in Washington DC, across the broad spectrum of institutions from all branches – including media, would speak plainly that Mueller’s team objective (from May 2017 to April 2019) was to use the authority of his appointment to block any review of the preceding events he was presumably investigating.

Yes, in private conversation everyone stated a similar core truth, Mueller was the tool for DC to protect itself against accountability.

That reality was a bitter pill to swallow, because accepting that common response in private stood in contrast to those same voices talking publicly about the honor and respect of Robert Mueller.  The charade was clear.

Publicly everyone stated Robert Mueller and his team were embarked upon a valid enterprise.  However, privately everyone acknowledged Robert Mueller and his team were operating to cover-up the prior corrupt activity of the DOJ, specifically the DOJ National Security Division, and FBI – specifically the FBI counterintelligence operation.

Despite my having researched, discovered and assembled irrefutable evidence of the depth of corruption; it was challenging to accept that no one would openly confront it.  I was, like most at the time, naive to just how systemic and entrenched the problems had become during the Obama era.

Thankfully, there was a protection around me, and I was directly warned not to take anything to the FBI.  I think the last three years have provided multiple citations for what would happen to anyone who would confront main justice corruption by reaching out to the FBI.  Approximately 8 months after my own experience I delivered that same warning message forward.  Two years later the recipient of my 2020 warning has become a target, exactly as feared.

The way DC officials, politicians and the bureaucrats who oil the machinery, created this modern system of usurpation is outlined in the construct of The Fourth Branch of Government.

Four modern pillars of national security maintain the superseding branch that stands above the Executive, Legislative and Judicial branches.  They are: (1) The DOJ-NSD; (2) The Dept of Homeland Security; (3) The Office of the Director of National Security, and (4) the FISA court.  Each of these institutions uses the shield of national security to protect themselves from oversight.

You can clearly see how the Fourth Branch operates when you look at the recent judicial branch deferment to the DOJ-NSD on the issue of President Trump’s Mar-a-Lago documents and the classification argument.

The courts defer everything under the auspices of “national security,” thereby making their judicial ability to check the executive ineffective.  The congress also defers their oversight role under the auspices of “national security” by refusing to conduct legislative oversight.  This ‘national security’ dynamic is an outcome of how the post 9-11 Patriot Act was put into place.  The DHS and ODNI were created in this process, and later came the DOJ-NSD as created by Attorney General Eric Holder.

Taking the new surveillance state apart would require removing the pillars that hold the Fourth Branch of Government in place.  No one is discussing such a necessary deconstruction effort; instead, everyone is pretending the anti-democracy issue is not critical and weakening the constitutional republic ever day it exists.

Back to Mueller…. When the entire town knows the true motive for Mueller’s investigation to exist, yet no single person will state it publicly, you look at the people claiming the virtue of Mueller with new eyes.   It wasn’t just democrats, there were/are abundant republicans proclaiming the virtue of Robert Mueller et al.

Every time I watched former AG Bill Barr talking about Special Counsel Robert Mueller, it was crystal clear Bill Barr was the application of Bondo over the corrupt and rusted DC justice system.  As a result, the appointment of John Durham needed to be accepted through the same prism of intent.

Bill Barr was the Bondo work, and John Durham would apply the shiny coat of paint.

The corrupt and useless shell of Main Justice would be covered up and the polished image sold to the public.  However, depending on where you stand, fortunately or unfortunately the public isn’t buying it.  As each day passes more people are aware of the problem.  DC denial runs rampant against the reality of We The People seeing the fraud.

[…]  Mr. Durham is completing a several-hundred-page report he will submit to Attorney General Merrick Garland at the end of his tenure, according to people familiar with the matter. His office has relayed to a defense attorney they don’t expect to bring charges against another person who was a focus of the investigation. (read more)

Connecting Things – Konnech Election Compromise, CCP Infiltration, CEO Arrest, True The Vote and Recent Deep State Misinformation Efforts


Posted originally on the conservative tree house on October 10, 2022 | Sundance 

Major Hat Tips to Rasmussen [link], Kanekoa News [link] and Catherine Englebrecht of True the Vote [link].

CTH often says don’t get so close to any granules that you miss the big picture.  Rasmussen Reports has drawn attention to that big picture, the timeline tells the story, and with recent announcements about ‘misinformation’ and ‘disinformation’ triggers, it is worth putting the details of the entire dynamic into context.  I would consider all these issues easily connected.

First, it is important to note how the public impression is constructed using the affiliations and relationships CTH continually points out.  When the FBI/DOJ need to get out in front of an issue they use the New York Times (and Politico) to establish the defensive and offensive narrative.   [The State Dept use CNN, and the CIA use the Washington post] These are constants in an ever-changing world of information warfare.

♦On October 3rd New York Times journalist Stuart Thompson writes a hit piece against Catherine Englebrecht and True The Vote, written to cast their election review efforts as conspiracy theories. [link]

♦24 hours later, October 4th, the CEO of  Konnech – a company specializing in proprietary PollChief software to manage election workers – was arrested. [link] Konnech Corporation Chief Executive Officer Eugene Yu was arrested for exploiting access to U.S. election data, including election worker information, and transferring the files to China.

I guarantee journalist Stuart Thompson was used as a tool by FBI officials who knew the arrest was forthcoming.  Essentially, the arrest of Eugene Yu was based on the exact claims of Chinese datamining that Catherine Englebrecht and Gregg Phillips had been outlining since late 2020.  [link] The FBI was/is working to diffuse the truth of U.S. election compromises that True the Vote has been outlining.

After the arrest of Eugene Yu (October 6th) the New York Times had to try and hide their useful work and affiliation on behalf of the political FBI by posting this update.  The transparency of the coordinated effort is brutally obvious:

Editors’ Note, Oct. 6: After this article was published, the chief executive of Konnech, Eugene Yu, was arrested in connection with an investigation into the possible theft of personal information about poll workers. In communications with The Times for this article, neither Mr. Yu nor a spokesman for Konnech said that the company was the subject of an investigation. They also asserted that all the company’s data was stored on servers in the United States; prosecutors in Los Angeles, who brought the charges against Mr. Yu, said that they had found some company data stored on servers in China. The Times is continuing to report on this story. (link)

A familiar pattern: (1) Write a requested ‘conspiracy theory’ hit piece.  (2) Immediately watch the reality of the next event confirm the ‘conspiracy theory’.  (3) Attempt to recover credibility after the disinfecting sunlight exposes the motive of the effort.  This is what ideological narrative engineers do in their relationships with the corrupt system operators within government.

The FBI takes the information provided by True The Vote, assembles the evidence that supports the claims by the voting integrity watchdog, then takes the information up to the DC FBI leadership and almost immediately the switch is triggered.  True The Vote now becomes the target of the political FBI.  We have watched this outline numerous times, only this example is brutally obvious.

So, we have Chinese Communist Party (CCP) infiltration -via software exploitation- into U.S. election systems and databases.   That’s the bottom line.

Additionally, the FBI is covering up the issue and trying to deflect from the severity of the problem (perhaps to them it is not a problem) by hiding the truth.  Once again, the FBI is weaponized against what they consider “domestic threats,” honest Americans.  Yeah, we have a major institutional problem, and the corruption is metastatic.

It is then appropriate to add another ‘big picture’ layer to the issue….

…Nothing has been done to correct the election integrity issue.  With the U.S. midterm elections taking place only a month after this explosive development unfolds, there is nothing visible to reflect any emergency action has been taken to mitigate the compromise.  Which takes us to the latest issue.

Big Tech, Social Media and even electronic payment processors (PayPal) start beating the drums about using their vast power to target anyone who they would identify as pushing ‘misinformation‘ and/or ‘disinformation‘ about the 2020 election itself.

Now, this latest round of service term updates (2022) should be contextualized against the November 2020 service term updates which included targeting for any individual, site or content that questioned U.S. election integrity.

Put it together, stand back and you can make a solid argument the private sector institutions that are in alignment with corrupt government efforts are proactively positioning to shut down anyone who will research and outline the flawed and/or manipulated outcomes in the 2022 midterm elections.   We have the 2020 background -and major social media purge- as context.

I’m not sure what the solution is, but everyone needs to be on high alert at a precinct level in this election.

Russia v USA


Armstrong Economics Blog/Russia Re-Posted Oct 10, 2022 by Martin Armstrong

Reports are coming in from a protest in Moscow against the United States after the Ukrainian attack upon the Crimea Bridge Saturday. Russians are calling for nuking Washington DC. No matter what country you go to, there is always going to be a pro-government and an anti-government position. The Ukrainian propaganda keeps claiming that some sort of revolution against Putin and he has ordered the arrest of military officers. But there are no independent sources that verify anything being put out by Ukraine, which tends to be fake news on so many levels. They will continue to wage a propaganda war in hopes that someone will listen and overthrow Putin. But my sources are very good. Putin is the moderate and I would be seriously concerned if he was overthrown for it would be by the hardlines who have been criticizing him for NOT being aggressive enough.

The Russian government did drive TWO “YARS” Inter-Continental Ballistic Missiles (ICBM’s) on the street in front of the U.S. Embassy in Moscow. This is a failed proxy war to overthrow Russia for climate change. These people think overthrowing Putin and the people will cheer and end energy production which is 50% of Russia’s GDP. Look, there is no talking to these people. They believe what they want to believe and that is our problem. Nobody stops to ask: What if we are wrong?

My concern for timing remains the week of November 7th as well as next April.

Holiday Expenses Rise in Canada


Armstrong Economics Blog/Canada Re-Posted Oct 10, 2022 by Martin Armstrong

Wishing our friends in the north a happy Thanksgiving.

Canada’s Thanksgiving is not as widely celebrated as America’s November feast. However, outside Quebec, around 90% of Canadians plan to celebrate the holiday. Everything from fuel to food is more expensive this year. Statistics Canada reported a 10.8% rise in food prices this August, marking the fastest pace of food inflation since 1981.

The Agri-food Analytics Lab (AAL) and Angus Reid conducted a survey (sample size 1,244) to see how Canadians plan to celebrate the holiday this year. Turkey prices have risen 16% per kilogram this year. In British Columbia, 29% of respondents said that they would be making changes to the meals they typically prepare due to food prices, while 25% in Alberta and 20% in Manitoba said the same. Around 19% of those celebrating in Ontario will be changing the menu due to costs, followed by 17% in the Atlantic, 10% in Quebec, and 8% in Saskatchewan.

In addition to turkey prices increasing, potatoes have spiked by 22% this year. Bread and dairy prices have gone up 13%, while cranberries have increased by 12%. Prices vary based on location, but they’re up in every province. So many are grateful for the harvest, albeit less bountiful.

Categories: Canada

Dallas Fed: Over Half of Americans Experienced Real Wage Declines This Year


Armstrong Economics Blog/Inflation Re-Posted Oct 10, 2022 by Martin Armstrong

The Dallas Federal Reserve found that the decline in real wages is at a severity not seen in 25 years. Simply put, when adjusted for inflation, American’s paychecks are down despite wages going up. The median decline in real wages surpassed 8.5% this September.

"How severe are the losses for workers experiencing negative real wage growth? For the 53.4 percent of such workers in second quarter 2022, the median decline (that is, half of the declines were larger and half smaller) in real wage growth was 8.6 percent."

After examining real wages over the course of 12 months, the Dallas Fed found that 53.4% of all workers experienced real wage declines. Additional taxes under Biden have added to real wage decline as well. Peter C. Earle of the American Institute for Economic Research estimates that someone earning $70,000 annually now has $4,500 less in buying power in New York. “The bill for the Covid mitigation policies is due,” Earle said. “Record levels of fiscal and monetary policy expansion in the first half of 2020 are wrecking the purchasing power of the dollar. Thus even without a pay cut, wage earners are effectively earning less over time.”

The average median decline over the past 25 years has been 6.5% with real wage declines reaching between 5.7% to 6.8%. Inflation is simply too severe to compensate for any additional wages. The Fed continued to say:

"Despite the stronger wage growth due to the tightness of the labor market, a majority of workers are finding their wages falling even further behind inflation. For workers who experienced a decline in their real wage in second quarter 2022, the median decline was 8.6 percent.

While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face."

HUGE: The Feds Now Have Enough Information To Charge Hunter


Dinesh D’Souza Published originally on Rumble on October 7, 2022 

This could be big if the Fed’s are honest