Tag Archives: FATCA

Aug 5 2023

A Non-Pretending Discussion About Barack Obama


Posted originally on the CTH on August 4, 2023 | Sundance | 512 Comments

Every once in a while, you stumble upon an article that is insightful and valuable. This outline is intended to draw everyone’s attention to one of those articles.  ~ SEE HERE

Writing in Tablet Mag, David Samuels outlines his discussion with very well-respected historian David Garrow about Barack Obama and Dr. Martin Luther King, but mostly about Obama.

It is an intensely interesting albeit very long read, much of it drawn from a transcript of the conversation initiated by Samuels about the research Garrow did for his 2017 book on Obama called “Rising Star.”

The type of intense, deeply cited and granular research that David Garrow did for his book, is the type of research historians 50-years from now will be citing as they outline the legacy of President Obama.  This is also the type of research and non-pretending analysis you will never see approved for conversation by those who currently maintain the false pretense of the subject.

“I doubt that in the long run, Obama’s foreign-policy failures are going to be seen as the most important part of his legacy. I think future historians are going to look at the Obama presidency and see it as the moment when this new oligarchy merged with the Democratic Party and used the capacities of these new technologies and the power of this new class of people, the oligarchs and their servants, to create a new apparatus of social control. How far they can go with it, what the limits are … you see them trying to test it out every week or so.”  ~ David Samuels

Garrow and Samuels both discuss Barack Obama in a way that is extremely accurate; as a result, antithetical to the populism that surrounds the former President.  People who have followed political events will bathe in the truthfulness of the discussion.  Obama, a man created by his own intent and purpose, to present himself and his transitional identity to a select audience of affluent white liberals.  This audience would help Obama achieve his narcissistic life goal to have a “valet and private plane”, while simultaneously assuaging their white guilt.  The plan worked swimmingly.

Samuels talks about the curiosity of President Obama maintaining his residence in the nation’s capital, an often-visited command center in Washington DC, where important members of the current administration assemble at times, and secret service vehicles are often spotted coming and going. Yet, for some odd reason, the DC media network who are directly responsible for tracking and outlining the comings and goings of those in power, are seemingly incurious about this home/headquarters.

[…] Samuels: “The easy explanation, of course, is that Joe Biden is not running that part of his administration. Obama is. He doesn’t even have to pick up the phone because all of his people are already inside the White House. They hold the Iran file. Tony Blinken doesn’t.”

[Garrow interjecting] “Rob Malley was the guy on that.”

Samuels: “Rob Malley is just one person. Brett McGurk. Dan Shapiro in Israel. Lisa Monaco in Justice. Susan Rice running domestic policy. It’s turtles all the way down. There are obviously large parts of White House policymaking that belong to Barack Obama because they’re staffed by his people, who worked for him and no doubt report back to him. Personnel is policy, as they say in Washington.

Which to me is a very odd and kind of spooky arrangement. Spooky, because it is happening outside the constitutional framework of the U.S. government, and yet somehow it’s been placed off the list of permitted subjects to report on. Which is a pretty good indicator of the extent to which the information we get, and public reactions to that information, is being successfully controlled. How and by whom remain open questions, the quick answer to which is that the American press has become a subset of partisan comms.”  (link)

There is a perspective of genuine historically correct discussion between Samuels and Garrow that is very interesting.  Factually, there are a lot of reference citations in the Obama tenure that reconcile well with how Garrow outlines the process inside the mind of Barack Obama.

You might remember, the day after the Sept 11, 2012 attack on the U.S. consulate in Benghazi, Libya, a seemingly detached Obama hops a flight aboard AF1 that morning at 6:00am to go west campaigning and collecting donor checks in Nevada and California.  The ego legacy superseding the potential for damaging political consequences.

In addition to Garrow outlining the lack of deep consequential relationships in the life of Obama, a man perpetually unmoored from any roots or familial guidance, able to morph himself to the framework of an image he also was responsible for creating – there are a lot more events in/around the era of Obama that reconcile.

I am going to draw attention to one such example, because this is the first time I have seen anyone, other than myself, connect the dots of the new surveillance state to the intents and purposes of Obama’s tenure in office.   As noted during the conversation, David Samuels says…

….”So Obama starts out as an eloquent opponent of the Patriot Act, etc., etc. By the end of his presidency, his people are unmasking intercepts of his political opponents every day, and the FBI is spying on Donald Trump.”… 

The response from Garrow is as succinct as it is accurate, “that’s right!”

This is my happy place.  I cannot tell you how refreshing it is to see an article that drops all of the pretending and starts to talk about the reality of our situation.  If we stop pretending we unite as a country, because we all start to accept the same baselines.

The fraud that has been purposefully deployed as a tool for fundamental change, can only exist if people pretend that fraud and corruption does not exist.  Stop pretending, and the sunlight of commonality begins to unite our nation.

This weaponized national security state will be the legacy of President Obama.

While future historians may reference the obvious failures in almost all of Obama’s foreign policy, specifically the events in the Middle East and ISIS manifest, the core of what will be attributed to President Obama will be the weaponized surveillance state using all the tools created, fine-tuned and deployed during his time in office.

All of that machinery within the, DHS, NSA, FBI, DOJ-NSD, ODNI, is still running on autopilot – massively controlling the mechanics of communication and social media, thanks to the pathways, networks and systems President Obama authorized.

More to follow…

May 21 2023

Interview: Martin Armstrong on Why the CBDC Will Fail and a Great Depression is About to Begin


Armstrong Economics Blog/Armstrong in the Media Posted May 20, 2023 by Martin Armstrong

Rumble link Martin Armstrong on Why the CBDC Will Fail and a Great Depression is About to Begin

May 21 2023

Interview: The Real Rate of Inflation


Armstrong Economics Blog/Armstrong in the Media Re-Posted May 13, 2023 by Martin Armstrong

https://youtube.com/watch?v=p_3b6BzKVQ8%3Ffeature%3Doembed
May 20 2023

The Gold Crash & Our Fate


Armstrong Economics Blog/ECM Re-Posted May 19, 2023 by Martin Armstrong

COMMENT: Marty; Socrates is absolutely amazing. At the start of the year, you showed April as a key turning point in gold followed by May June. The weekly array projected this was the week for the Directional Change. There is nobody with a system like this, which brings to mind its forecasts for war. Ukrainians are out of their mind to go against the trend. They never even considered what if they lose. It seems like a fool’s bet. This not about just occupying the Donbas which has always been Russian. This is about destroying Russia. They should listen to Socrates to save their own country.

Thank you so much for bringing Socrates to the public rather than just institutions.

HR

ANSWER:  I know. These forecasts are not my personal opinion. When you put the entire world together, the trend becomes obvious. Just as I said Ukraine needs to lose to save the world, I also know that we will not all escape the end conclusion. Just as a Serb assassinated the Archduke in Sariavo which began World War I, this entire region is notorious for personal grudges and hatreds that draw in the entire world.

Schwab may have taken our forecast for 2032 and rephrased it as his Great Reset and is hoping to push the falling tree into his direction, that too will fail. But between here and 2032, we are entering a phase of chaos and havoc. I wish I could prevent it, but that is just our fate.

May 14 2023

Ground Reports – What is Your Experience With Prices of “Processed Goods” at Stores?


Posted originally on the CTH on May 13, 2023 | Sundance 

Recently I went to the supermarket to pick up some general provisions.  Given the nature of previously predicted food price increases, and proactive measures to mitigate the predictable prices, I haven’t needed to purchase basic foodstuffs in a while.   Yikes!  The prices… Wow.

Since we originally warned in ’21 about the waves of food price inflation that were coming, the prices have more than tripled on many food commodities.  That part is not as surprising in current review; however, the prices of processed foodstuffs is, well, quite frankly astounding.

I am left to wonder how working-class people are able to afford the jaw dropping price increases in highly processed food products like condiments (mayo, ketchup, mustard, etc), and even coffee and milk.  I knew the processing costs would drive those prices, but the scale is just astounding.

Beyond the foodstuff, what was truly stunning was the current price of non-food items at the store.  Items like chemical cleaners, soaps, aluminum foil, trash bags, Styrofoam products, ziploc bags, paper goods, etc.   I mean seriously, $8 for a box of trash bags, good grief.

After a review of the non-food item prices, I went back to the recent BLS report [DATA HERE] to look at the producer price index to see if the data reflected the scale of the processing cost that I was reviewing across a broad spectrum of goods.

Are consumers getting gouged by manufacturers who are taking advantage of the price shock inside the ongoing inflation?

Or are the processing costs, mostly driven by energy price increases, really that big a factor in the end product as it is generated?

In the topline final demand Producer Price Index [Table A above] you can see how we are cycling through the second wave of inflation that hit in the spring of 2022.  The rate of price increase is lower, but the prices are still rising.  That means the prior massive price increase is now baked into the product, and the current price will never decline. Instead, it will just increase at a slower rate than before.

However, that’s not the full story… and that is not the data I was most curious about.

The intermediate product costs are really where the story is found.

Table B [DATA HERE] Tells us a remarkable story.

Raw materials (unprocessed goods) are essentially in a deflationary status [-19.2% in April].  Meaning demand for the raw material has dropped well below the available supply.  However, look at how much of the deflationary price is consumed in the processing of the raw materials.

A full 16% is consumed by processing cost increases [energy, physical plant, transit, production costs etc]. That is remarkable.

A random example might be citric acid.  The price of the citrus base drops 19.2%, but the processing of the base into the intermediate good phase chews up 16% of the drop in raw material price and exits processing only 3.2% lower in price than a year prior.

Another example might be found in plastics.  The petroleum base, and/or a combination of each material additive, might be 19.2% lower than prior year, but processing negates the lower raw material price, and exits into intermediate essentially even -.04, and then toward the ending +2.3% final demand change in the rate of price increase.

The PPI data is essentially showing the flow of costs of production as reflected in the impact during processing.  We can assume mostly increases in energy, transport and distribution costs to bring the raw material forward to final good status.

Key takeaway, the demand side of the raw material is diminished.  There is less raw material demand.  However, processing costs are continuing to drive the final production price of goods that head into the hands of wholesalers who then bring the product to market.

The outcome of this are the prices of processed goods as noted in the products on the shelves.

QUESTION: Are you noticing rather remarkable price increases in non-food goods during your store visits?

May 14 2023

The 12 Caesars


Armstong Economics Blog/Hoards Re-Posted May 13, 2023 by Martin Armstrong

As far as the 12 Caesars are concerned, I am doing my best to assemble a few sets. These are not easy to put together. Nevertheless, I am giving it a shot to see what I can do that would be reasonably priced, under that $100k people ask on the market. I believe reasonably excellent VF/XF sets for around $50,000. But this is not something that quantity exists. This is very hard to assemble. I’m still trying to fill in some gaps. They will be presented in a nice wooden case.

Apr 12 2023

Neocon’s Endorsement for 2024


Armstrong Economics Blog/Politics Re-Posted Apr 11, 2023 by Martin Armstrong

The Neocon Endorsement for 2024 – Invade the Entire World

Why should Canada and Mexico escape?

If they could do it in 2020 – they can do it again in 2024.

Feb 18 2023

It Never Ends – Joe Biden Extends 2011 National Security Emergency over Libya Through 2023


Posted originally on the conservative tree house on February 17, 2023 | Sundance

In 2010 and 2011 the Hillary Clinton State Department, working with NATO allies (particularly France), triggered a crisis in Libya during the Obama administration’s intentional effort to remove Muammar Gaddafi from power.  This was a key element to the Arab Spring (Islamist Spring or Color Revolution) that flowed from the Cairo, Egypt, speech of President Obama a year prior.

Hillary Clinton, Susan Rice and Samanta Power (R2P) were the architects of the destabilization plan.  After the country was destabilized and thrown into severe violent crisis by the U.S. support for radical Islamists in eastern Libya (Benghazi region), President Obama then signed (Feb, 2011) a national emergency declaration in regard to the destabilized Libya his administration created.

Five years later, in April 2016, President Obama expanded the Libya emergency declaration to extend the 2011 declaration and envelop a larger portion of North Africa, under the auspices of expanded threats from AQIM (al-Qaeda in the Islamic Maghreb).  This extension allowed the state dept to frame actions in neighboring Egypt, and block any effort to counteract Obama’s mid-east policy which was established to support the Muslim Brotherhood.   In April 2016 it was presumed Hillary Clinton would win the election and continue the policy.

Today, a full twelve years after Barack Obama and Hillary Clinton destabilized Libya throwing it into a tribal civil war, Joe Biden signs an executive order continuing the extension of the U.S. National Emergency with regard to Libya {White House Link}.

[…] “The situation in Libya continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States, and measures are needed to protect against the diversion of assets or other abuses by members of Qadhafi’s family, their associates, and other persons hindering Libyan national reconciliation.

For this reason, the national emergency declared on February 25, 2011, and expanded on April 19, 2016, must continue in effect beyond February 25, 2023.  Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency declared in Executive Order 13566.

This notice shall be published in the Federal Register and transmitted to the Congress. (read full)

Apr 14 2022

Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not Say


Posted originally on the conservative three house on April 13, 2022 | Sundance

Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here.  All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor.

The fed has been painfully slow to raise interest rates on purpose.  They did not make a mistake.  The reason for their delay is they needed to wait for the beginning of the first 2021 inflation wave to cycle through before they raised interest rates.  It’s a game of mirrors that almost no one sees.  WATCH:

The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year.  The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working.  They wait for May, because they need to wait for the calendar, nothing else.  Inflation is measured as the percentage of change from the prior year.  By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.

So that’s why they waited.  But here’s the worse part….

All of these U.S. Fed monetary policymakers are in full ideological alignment with the global and central bankers.  They are all following the same Build Back Better agenda and policy instructions.

All of bankers know the shift from ‘dirty energy’, coal, oil, natural gas, will create inflation.  All of the bankers know there is no economic bridge within the plan to shift from oil to their unicorn dust.  All of the bankers know that shutting down oil exploration as a matter of western unified policy will, as a factual matter, destroy the economic systems that rely on energy….. which is to say everything.

All of these bankers know the severity of the inflation crisis this energy shift creates.   None of them do not know.

Everything they are doing is coordinated to assist the climate change agenda.

That’s what this is all about.

Everything is politically motivated.