Tag Archives: Food Shortages

Dec 12 2023

The Second-Largest Contributor to US Private Debt


Posted originally on Dec 12, 2023 By Martin Armstrong 

Car in Driveway

The Federal Reserve Bank of New York’s data shows that auto loans have surpassed student loans, becoming the second-largest debt burden for U.S. consumers. Auto loan debt has reached $1.582 trillion, exceeding the $1.569 trillion in student loan debt. This surge in auto loan debt is attributed to rising vehicle prices, leading consumers to take out larger loans at higher rates.

Lenders have responded to this trend by tightening restrictions on auto financing, with approximately 30% of lenders reporting significantly tighter lending standards. The pressure for companies to switch to EVs and inventory shortages have contributed to the increase in vehicle pricing, resulting in consumers financing more expensive vehicles.

At the same time, the government is moving full speed ahead to reach their target of 50%+ EVs by 2030. Thousands of auto dealers have penned the Biden Administration to explain how this policy is significantly hurting their business. The public is drowning in debt over mostly gas-powered purchases, and EVs are significantly more expensive to purchase and maintain. Car manufacturers are focused on producing cars of the future rather than autos that fit the budget and lifestyle of the middle class.

Bidenomics believes student debt should be waived for those who knowingly took on the debt. Will those supporting Bidenomics also push to forgive this mounting auto debt? Like diplomas, people may realize their EVs cost more than they’re worth and they cannot keep up the payments. Perhaps the public, including those who do not own cars, should subsidize these car purchases through taxes since that is the same premise as student loan forgiveness.

The World Economic Forum is in partnership with global governments to end private car ownership by 2050. Owning a car is becoming an increasing luxury. Insurance costs could be a topic for another time as most states have seen their premiums skyrocket. Major cities around the globe like London and New York City are implementing congestion and traffic taxes as well.

Decades ago, someone could purchase a nice car with less than a month’s pay. Kelly Blue Book states that the average price of a new car was $48,008 as of March 2023, which is 27.8% more than pre-COVID pricing. The average cost of a crossover or SUV now ranges between $30,353 and $74,502, with costs rising by over 6% every year since 2020. We will see car ownership become an increasing luxury.

Dec 11 2023

Vaccines Can Be an Undisclosed Risk


Posted originally on Dec 10, 2023 By Martin Armstrong 

2023_12_10_19_02_25_Perfectly_Healthy_15_Month_Old_Girl_Dies_Two_Days_After_Routine_Vaccination_

A 15-month-old healthy girl was given three vaccines at the same time and died two days later. When you get some prescribed drug from your doctor, there is a warning: do not take it with something else. That is what is missing with vaccines. One of my employees cannot take any vaccine. His entire family gets violently ill just taking a flu vaccine. We are not all the same. I was vaccinated, and so were my children. I do not recall getting three all at the same time. They do not come with any warning label that a parent gets to read.

The problem is that our pretend “representatives” have given 100% immunity to drug companies. Why? They paid them off. If an auto company had 1 in 100 cars blow up when you turned it on but could NEVER be sued, why fix anything? Go 10 miles over the speed limit, and they fine you to teach you a lesson. They do not do the same to their favorite supporters – drug companies and bankers. Any politician who voted for that should be driven from office and held responsible for conspiracy to violate human rights.

I would not allow my children to be vaccinated with multiple vaccines all at the same time.

But I am not a doctor. Just my GUT FEELING!

Dec 8 2023

Canada Limiting Oil and Gas Industry Emission


Posted originally on Dec 8, 2023 By Martin Armstrong 

Crude Oil Production

Canada has announced a plan to use a cap-and-trade system to impose greenhouse gas emission limits on its oil and gas industry. Under the “draft framework,” Canada will issue emissions allowances to oil and gas producers, which will be capped at levels between 35% and 38% below 2019 levels, beginning in 2030. The government will then continue to lower allowances in stages until the industry reaches net zero by 2050.

Ottawa plans to finish drafting regulations by next year, with a final plan in place by 2026. Environment Minister Steven Guilbeault called the plan “ambitious” but “practical.” “It considers the global demand for oil and gas, and the importance of the sector in Canada’s economy, and sets a limit that is strict, but achievable,” Guilbeault said. This is all part of Prime Minister Justin Trudeau’s plan for Canada to achieve net-zero emissions by 2050, which he announced during his election in 2021.

Critics state that the timeframe is simply not achievable for the world’s fourth-largest oil producer and fifth-largest natural gas producer. Federal Energy Minister Jonathan Wilkinson admitted that the government is uncertain how they will implement these measures without shutting down production entirely. A failed execution “would essentially make us poorer in Canada and make our American friends or folks in Saudi Arabia or elsewhere richer,” he stated.

Globalists everywhere are making lofty pledges on the heels of the COP28 summit. The only rush comes when attempting to meet these arbitrary targets. The only reason governments are targeting 2030 and 2050 is because they were directed to do so by Klaus Schwab and the globalists at the World Economic Forum. It will be interesting to see the final plans for this idea that sacrifices Canada’s economic health for the climate change psyops.

Dec 7 2023

Climate Crowd Coming for Cooling Appliances


Posted originally on Dec 7, 2023 By Martin Armstrong 

Global warming cooling climate change

Davos man John Kerry is continuing to “pledge” for stricter regulations on behalf of the people after the United Nations climate change summit (COP28). He already committed $3 billion to eliminating coal and believes emissions could be slashed by 68% come 2050. Now, John Kerry is out to eliminate the energy we use to cool our homes.

The world experienced heat waves throughout the summer months. The globalists like Kerry do not believe that we, the Great Unwashed, should be using energy to cool ourselves. “We want to lay out a pathway to reduce cooling-related emissions across all sectors but increase access to sustainable cooling,” Kerry told COP28. There are now a swarm of articles online about “cooling appliances” as if their existence is ruining our planet. Fox reported that 7% of all greenhouse gas emissions come from refrigerants and energy used for cooling.

First, they came after our technology for heating our homes and food. They want to phase out gas stoves and reduce our heating consumption. Coal has been nearly prohibited, killing an entire sector. We have no alternative to fossil fuel but continue to “pledge” countless net zero measures as if the people had the power to alter the weather.

Kerry Climate Czar

Over 30 million Americans struggled to pay their utilities bills in 2022, with 5 million citizens experiencing a disruption in services as they could not pay their bills.

UAE Sultan Al Jaber declared there is absolutely “no science” behind these disastrous demands to eliminate fossil fuels. Only the Build Back Better countries are adhering to these plans, as nations like China, in particular, have stated they would not participate. They are going to tax us for heating and cooling our homes and food. Soon we will realize that we are the carbon they wish to eliminate.

Dec 7 2023

Cost Of Living Outpaces Wage Increases


Posted originally on Dec 7, 2023 By Martin Armstrong 

Powell Fed Got Inflation Wrong Nov 2021

A recent study by Achieve revealed that despite a 37% increase in income, many Americans are facing financial challenges due to rising costs and high interest rates, leading to a surge in personal debt. The average monthly participation in debt resolution programs increased by 119% in the first nine months of 2023 compared to 2020. Wages are rising but they simply cannot keep up with the growing cost of living.

The typical household income of individuals enrolled in debt resolution programs was $59,900 in 2023, a notable increase from $43,598 three years prior. The study’s findings reflect the impact of inflation, a challenging interest rate environment, and the winding down of government stimulus on consumer debt levels. The report underscores the need for measures to address the rising debt burden and its potential impact on income growth.

The study also found that people are facing financial hardship significantly earlier in life. The average age of someone facing debt resolution was 52 in 2020, but that age has since decreased to 44 in 2023. Nearly 40% of people entering debt resolution programs are Millennials, which is also the age demographic of those with the sharpest increase of credit card delinquencies. Nearly everyone is living on credit as balances rose $154 billion YoY, marking the most significant increase since 1999.

No one feels relieves when new inflation reports are released. Governments can release whatever data they like but the fact remains that the price of EVERYTHING has become too much to maintain. Inflation allegedly peaked in June 2022 at 9.1% but I cannot think of anything that has dramatically decreased in price since then.

Dec 7 2023

Should Argentina Peg its Currency to the Dollar?


Posted originally on Dec 6, 2023 By Martin Armstrong 

Monetary System 2

QUESTION: What about Argentina willing to peg pesos to USD? THANKS for all you are doing for us! ALL THE BEST TO YOU AND FAMILY

TD

ANSWER: First and foremost, what collapsed Bretton Woods and the gold standard was persistent deficit spending. They fixed the price of gold to $35 but then spent recklessly every year. you CANNOT have a fixed exchange rate, a pegged exchange rate, or any sort of a gold standard as long as you retain a Marxist/Socialist agenda where you spend more than you have.

In addition, any Pegging of a currency is significantly different than a Fixed Exchange Rate. Under a Fixed Exchange Rate, the main purpose is to facilitate trade. However, you are not expressly subordinating your economy to the economic trend of everyone else in the system. Each nation is still independent, and if their balance of payments falls out of line, then they alone have a monetary crisis.

Henry VIII Debased Groats

Sir Thomas Gresham was the agent for the English Crown in Amsterdam, the Wall Street of Europe at that time. Henry VIII was debasing the currency, and nobody wanted to lend money to him, fearing that what they would be repaid with was debased. Hence, Gresham’s law.

Pegging to the dollar Pegged

A Pegged currency is far worse for the host currency’s economic conditions are imported. If Argentina pegs to the USD, then raising or lowering interest rates by the Fed and the boom-bust business cycle are automatically exported to Argentina. It would be better to peg to a basket of currencies that would be a hybrid system closer to a fixed currency regime for trade.

Napoleon Single Currency 1024x675
970 Nero

Napoleon had actually summoned the best minds and talents from all over Europe into his service. His court was deliberately filled with able men from all over Europe: Dutch, German, Italian, and even Polish. These foreigners worked in the highest offices of his imperial civil service – not exclusively French.

It was Napoleon who created the first single currency in Europe following the Roman Empire. He standardized the weight of the coins so that 40 francs equaled 40 Lire in Italy and 320 Reales in Spain. This was really Napoleon’s idea of resurrecting the Roman empire. Please take note of his coinage. He is pictured wearing a laurel wreath as a Roman emperor. He was far more than just a general. The new movie was interesting, but they overlooked his economic decisions, which were decades ahead of anyone else in Europe.

Latin Monetary Union

The unification of Europe was the accomplishment of Julius Caesar. However, it was Napoleon who standardized the monetary system post-Rome after the Dark Age, which became the inspiration for the Latin Monetary Union by 1865 and later the Gold Standard post World War II.

EuropeanGoldCoinage 1803 1947 R

Even the United States’ $5 gold coinage was equivalent to the standardization of world coinage during the 19th century.

Dec 6 2023

Heart Failure Among Pilots Up 1000% in 2022


Posted Originally on Dec 6, 2023 By Martin Armstrong 

Fighter Pilot

New data from the U.S. Department of Defense (DOD) indicates a significant increase in heart issues among pilots, with heart failure spiking nearly 1,000% in 2022. Lieutenant Ted Macie, an active-duty officer with the U.S. Navy Medical Service Corps, raised concerns about the health risks associated with the COVID-19 shots, including heart-related ailments. The data, obtained from the Pentagon’s Defense Medical Epidemiology Database, shows drastic spikes in various diagnoses for serious medical issues, prompting questions about the potential impact of the COVID-19 vaccine on the health of service members.

In addition to serious cardiovascular issues, the Pentagon saw significant spikes in numerous ailments well beyond their five-year averages including hypertension (2,181%), neurological disorders (1,048%), multiple sclerosis (680%), Guillain-Barre syndrome (551%), breast cancer, (487%), female infertility (472%), pulmonary embolism (468%), migraines (452%), ovarian dysfunction (437%), testicular cancer (369%), and tachycardia (302%). Heart-related ailments have soared over the past 5 years as well including hypertension (36%), ischemic heart disease (69%), pulmonary heart disease (62%), heart failure (973%), cardiomyopathy (152%), and other non-specified heart diseases (63%).

The findings have reignited discussions about the safety and efficacy of the vaccine mandate for military personnel. A 1000% increase in heart failures among pilots in just one year is cause for major concern. Why must we continually force service members to take these vaccines when we know they are likely unsafe?

Dec 5 2023

Guess What Bill & Klaus?


Posted originally on Dec 5, 2023 By Martin Armstrong 

Bill_Gates_And_His_Porsche_959

Guess what – Bill & Klaus. I drove to the food store and stopped by a gasoline station to fill up my Porsche. You know what that’s like, Bill, since you have a 959. Well, someone was in an accident and took down a pole that had fiber-optic connections to the internet. The whole area was down. OMG, I had to pay in cash or no gas risking I might die from handling money and in desperate need of your vaccine which is like playing Russian Roulette. Can you imagine how primitive it was?

What if you had to pay cash to fill up your private jet?

Bill_Gates Defends Private Jets
Bill_Gates_private_jet Helicopters

Dec 5 2023

Kerry – WEF – First Movers Coalition


Posted originally on Dec 5, 2023 By Martin Armstrong 

Schwab Kerry scaled

John Kerry declared that America would adhere to the Power Past Coal Alliance and partner with 56 other nations in eliminating coal power. Kerry committed $3 billion to the cause which should come as no surprise since Kerry collaborated with the World Economic Forum to launch the First Movers Coalition (FMC) back at the COP26.

The WEF describes the coalition as the “world’s largest private sector demand signal for emerging climate technologies.” With over 95 members, the FMC believes it can reduce the demand for energy and carbon emissions. Even the WEF admits the infrastructure for its plan is not currently available. “It is estimated that 50% of the reductions needed for net-zero emissions by 2050 must come from technologies not yet available at scale – technologies like hydrogen to produce low-emission steel, sustainable aviation fuel, or carbon capture and storage technologies that capture residual emissions.”

Kerry has said the Paris Climate Agreement is “not enough.” “The notion of a reset is more important than ever before” according to Kerry. He added: “I personally believe … we’re at the dawn of an extremely exciting time.” The climate tzar flies around in his private jet telling coal miners to make solar panels, and you should live in his 15-minute cities and walk everywhere. He believes the US has “populism” not democracy ever since Trump won the White House.

Kerry is a Davos man. They are signing agreements on our behalf that we never had an opportunity to vote on. The emergency rush to move to neutral by 2050 is blindly accepted by most governments who are going to implement some intensive changes to adhere to these pledges.

Dec 4 2023

Comments from New Zealand


Posted originally on Dec 3, 2023 By Martin Armstrong 

New Zealand Globe

COMMENT #1: Hi, with regards to your recent post about the arrested healthcare worker in New Zealand. he brought to light that certain batches of the vaccine were extremely dangerous. Compared to others. He has all the data about the batches and who gave certain vaccines. Raising to light that certain individuals saw 20% of their injected population die shortly after their vaccination
TH

COMMENT #2: Hi Martin
I live in New Zealand and have followed the recent Covid jab whistle-blower development. Despite a recent change in Government nothing has yet changed regards the Covid shambles in this country. However, a bigger issue that is fast developing is race relations in New Zealand as the new coalition Government reverses a lot of the previous racist laws providing the local Maori population (incorrectly referred to as ‘Indigenous People’) with preferential laws and public health services etc. I think this may ‘blow up’ sometime soon, but I’m unsure how big a deal this could be. So I’d be interested to hear what Socrates sees for New Zealand.
Thanks
G

REPLY: We have a lot of readers in New Zealand. I, for one, do not pretend to have expertise in the medical field. What I do know is I do have direct sources who got phone calls in December 2019 stating “a virus is coming” one month before anyone ever heard of COVID. A virus is like a living organism. Once released, it will mutate to survive, just like politicians. Perhaps they come from the same source.

I was tested for COVID 5 times, always negative. My daughter insisted I go to the hospital to see the head of pulmonary. I told him it was not COVID since 5 tests were all negative. He replied we still think you had COVID because the tests are not valid.

I recently had the latest version of COVID. My doctor prescribed hydroxychloroquine, and when I first met her, she asked if I was vaccinated and I responded perhaps aggressively NO! She responded – GOOD!

government Bureacrats

What I have learned if the government gets involved, BEWARE! They will never admit a mistake and will always be unaccountable.