Tag Archives: End of Fossil Fuel

Oct 14 2022

New Interview: The Plot to Seize Russia


Armstrong Economics Blog/Armstrong in the Media Re-Posted Oct 14, 2022 by Martin Armstrong

Watch the video above or click here to listen to my latest interview.

Commentary from Rico Potkaars:

"Historian and Economist Martin Armstrong, as a computer programmer created the system called socrates that analyses history, current affairs and the flow of money and extrapolates to what may lie ahead. It gave him the nickname ‘the Forecaster’ and a documentary that to this day is forbidden in the USA.

Armstrong through FOIA retreived information from the Clinton Library about what happened after the Soviet Union fell. He’s written that down in a book called ‘the Plot to Seize Russia.

In this interview we discuss his upcoming book, the current state of collapsing global finance and the inescapable war on Russia as a result of that.."
Oct 12 2022

Liz Truss’ Approval Plummets


Armstrong Economics Blog/Politics Re-Posted Oct 12, 2022 by Martin Armstrong

Truss inherited a beaten-down United Kingdom. The Bank of England declared that a recession was inevitable, sterling continues to fall, pension funds are evaporating, and the death of the queen caused an overall feeling of pessimism. Recent polls show that Truss is actually less popular than her predecessor Boris Johnson, even when Johnson was under fire for partying amid COVID lockdowns. Liz Truss currently has an approval rating of -47.

Theresa May had a score of around -46 before she resigned. Based on an Opinium poll of around 2,000 people, 53% would like Truss to resign. Even around 25% of Tory voters want her out of office only a month into the job. Even voters divided over the Brexit ruling disapprove of her with 61% of Leave voters noting disapproval, as well as 61% in the Remain camp.

“I am prepared to be unpopular,” Truss said shortly after taking office. Her proposed tax cuts for the wealthy and removal of caps on bankers’ bonuses caused the average citizen to feel as if she did not represent them. The International Monetary Fund said her plans would “increase inequality,” only adding to her criticism. She is under pressure to increase welfare payments and social programs.

Truss simply inherited a massive problem. Her government is also blamed for the rising mortgage crisis. The Bank of England is set to meet again on November 3, but many believe they may reveal their policy beforehand. They want to avoid the downturn that occurred after the mini-budget was released at the end of September. In the end – it is politics. Truss needs to appeal to the people before the Conservatives find a replacement scapegoat.

Oct 11 2022

The Bank of Canada Should Admit QE FAILED


Armstrong Economics Blog/Canada Re-Posted Oct 11, 2022 by Martin Armstrong

In 2020, Pierre Poilievre, chief Conservative spokesman on finance issues, said Canada’s central bank “should not be an ATM for Trudeau’s insatiable spending appetites.” Conservatives cooperated with the Liberals when it came to COVID-19 emergency spending. Everyone was in on that power grab. Now the nation is in worse shape, further in debt, and inflation is soaring.

Yet, Trudeau continues to spend recklessly without hesitation. The Bank of Canada (BoC) should remain neutral on political issues. Similar to the Federal Reserve, the BoC is the largest buyer of domestic debt. In response to criticism, the bank launched a social media campaign to deflect blame. “#YouAskedUs if we printed cash to finance the federal gov’t. We didn’t,” the Bank of Canada tweeted on August 25. Due to the pandemic, the central bank “took various measures, like buying bonds, to support and ensure a strong and stable #economy,” the bank tweeted. “We bought existing gov’t bonds from banks on the open market. Why? This helped unblock frozen markets at the start of the #pandemic. It let households, companies and governments access funding when they really needed it.”

This is the problem with those who believe they can manipulate the economy. Governments completely shut down the world for over a year and then claimed that they needed to spend as much as possible to save us from the crisis they created. “We did not use cash to pay for the bonds. We bought the bonds with settlement balances — a kind of central bank reserve — not with bank notes,” the bank continued to Tweet back in August. Basically, the strategy all along was Quantitative Easing. It failed.

They artificially lowered rates for too long and purchased government debt with no method for repayment. Their stupid idea of Quantitative Easing and lowering rates were under their theory that people would borrow if it were cheap enough. The central banks fail to understand that people will absolutely not borrow at any rate if there is no confidence. It has become conventional wisdom that when all else fails to make economies grow, create new money and buy government bonds. Of course, the “all else” never includes deregulation and lowering taxes.

Now Governor Tiff Macklem is posting videos on Twitter to explain why the bank raised rates by 300 bps in the past six months. Yes, “inflation is too high,” as Macklem pointed out, but he’s acting a bit too late. “It is by raising interest rates that we’re going to slow spending in the economy, give the economy time to catch up and take the steam out of inflation,” Macklem said in the video. “That’s gonna [sic] get inflation back down.” WHAT ABOUT GOVERNMENT SPENDING? Monetary policy does not align with the bank’s goals, as Trudeau’s continued spending will prolong inflation.

Oct 11 2022

Crimea was a Neo-Nazi Terrorist Attack


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

My sources in Crimea have confirmed that this was a Ukrainian Neo-Nazi terrorist attack. The driver of this 18-wheeler died. He picked up a load of fertilizer and was not part of the plot. They were watching and blew up the truck remotely killing the driver and the car next to it and blowing up the bridge. Ukraine itself has not taken credit for it. This was a coordinated attack by the Neo-Nazis. I cannot express how much hatred these people have stored up inside. They waited to detonate the truck when it was under a train of tankers filled with fuel.

Oct 11 2022

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.

Oct 11 2022

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.

Oct 10 2022

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.

Oct 8 2022

Doctors sue FDA over ivermectin misinformation


Alison Morrow Published originally on Rumble on October 7, 2022

#FDA #Lawsuit #Doctors A group of doctors is suing the FDA, HHS and the men in charge of each agency for interfering in their ability to treat patients. They say the federal departments lied about Ivermectin.