The Bill & Melinda Gates Foundation Investment Portfolio


Armstrong Economics Blog/Traders Re-Posted Jan 7, 2022 by Martin Armstrong

Bill Gates did not become one of the richest men in the world by investing in stocks. I am not recommending any of these particular stocks, but I do want to point out where Bill Gates’ interests lie. Notice how his foundation is invested in what many would consider COVID-sensitive equities such as Caterpillar and FedEx. Nearly half (45%) of his portfolio under his foundation is invested in his former buddy Warren Buffett’s company, Berkshire Hathaway. Warren Buffett subtly distanced himself from Bill Gates last year and resigned from the Bill and Melinda Gates Foundation after 15 years.

Before I share Bill’s portfolio, I must mention that Warren Buffett is now obligated to provide shares to the Gates Foundation. In June 2006, Buffett drafted the following letter:

"I greatly admire what the Bill & Melinda Gates Foundation (“BMG”) is accomplishing and want to materially expand its future capabilities. Accordingly, by this letter, I am irrevocably committing to make annual gifts of Berkshire Hathaway “B” shares throughout my lifetime for the benefit of BMG. The first year’s gift will permit an increase in BMG’s annual giving of about $1.5 billion. In the future, I expect the value of my annual gifts to trend higher in an irregular but eventually substantial manner.

Here are the mechanics: Ten million B shares will be earmarked by me for BMG contributions. (I currently own only A shares but will soon convert a number of these to B.) In July of every year, or such later date as you elect, 5% of the balance of the earmarked shares will be contributed either directly to BMG or to a charitable intermediary that will hold the earmarked shares for the benefit of BMG. To illustrate, in 2006, 500,000 shares will be contributed. In 2007, 475,000 shares (5% of the 9,500,000 remaining after the 2006 contribution) will be contributed and thereafter 5% fewer shares will be contributed each year.

There are three conditions to this lifetime pledge. First, at least one of you must remain alive and active in the policy-setting and administration of BMG. Second, BMG (or any intermediary) must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes. And, finally, the value of my annual gift must be fully additive to the spending of at least 5% of the Foundation’s net assets. I expect there to be a ramp-up period of two years during which this condition will not apply. But beginning in calendar 2009, BMG’s annual giving must be at least equal to the value of my previous year’s gift plus 5% of BMG’s net assets. If this amount is exceeded in any year, however, the excess can be carried forward and be offset against a shortfall in subsequent years. Similarly a shortfall in a given year can be made up in the following year."

Buffett followed the letter by stating that in the event of his death, he expects contributions to the foundation to continue. “I will soon write a new will that will provide for a continuance of this commitment,” he penned. Although Buffett resigned last year, he also gifted the foundation $3.2 billion. However, that is based on the formula presented in his letter above from 2006 as Berkshire shares have spiked. Buffett knows that he will receive a tax incentive for donating money to the foundation as it could not possibly spend it all. Buffett says he received 40 cents in tax benefits for every $1,000 donated, but tax experts seem to believe that is misleading. Since he is avoiding capital gains and estate taxes that could hover around 40%, some experts believe he is saving around $400 to $740 on every $1,000 he gives away.

Here is a list from 2021 of the foundation’s portfolio:

  1. Berkshire Hathaway (BRK.B)
  2. Waste Management (WM)
  3. Caterpillar Inc. (CAT)
  4. Canadian National Railway (CNI)
  5. Walmart (WMT)
  6. Ecolab (ECL)
  7. Microsoft (MSFT)
  8. Crown Castle International (CCI)
  9. United Parcel Service, Inc. (UPS)
  10. Schrodinger, Inc. (SDGR)
  11. Coca-Cola FEMSA, S.A.B. de C.V. (KOF)
  12. Deere & Company (DE)
  13. FedEx Corp. (FDX)
  14. Grupo Televisa SAB (TV)
  15. Coupang, Inc. (CPNG)
  16. Alphabet (GOOG)(GOOGL)
  17. Madison Square Garden Sports Corp. (MSGS)
  18. Weber Inc. (WEBR)
  19. On Holding AG (ON)
  20. Mexico Fund (MXF)
  21. Affirm Holdings, Inc. (AFRM)

The British Heart Foundation Normalizes Heart Failure in Young Athletes


Armstrong Economics Blog/Corruption Re-Posted Jan 7, 2022 by Martin Armstrong

The British Heart Foundation recently released this deranged advertisement showing a young female football (soccer for the Americans) player collapsing on the field. The commercial begins with a very young boy dressing with a visible scar vertically down his chest. Sudden heart failure in children is not a normal occurrence — well, it wasn’t before this “safe and effective” vaccine became available. I have reported on numerous athletes, the pinnacle of physical health, simply dropping dead. The common denominator? They all received the vaccine! Instead of asking for donations, the British Heart Foundation should look into the link between heart inflammation and mRNA vaccines if they truly care about patients.

Trudeau Accused of Treason


Armstrong Economics Blog/Canada Re-Posted Jan 7, 2022 by Martin Armstrong

Comment: Dear Mr Armstrong,
Not everybody agrees in Canada with this bribed psychopath/traitor !!!!

-B

Reply: Oh, I am aware that our neighbors to the north are in no way under the illusion that Trudeau’s tyranny will work in their favor, at least not the people who read this blog. Thank you for sharing the video posted above (shared over Rumble and not YouTube, as YouTube will certainly remove this content).

"You sold us out to globalism. You are not working for Canada! You are working for your globalist partners! I wonder how much they are paying you to betray Canada. What do we do to traitors in Canada, Mr. Trudeau? We used to hang -- hang them for treason. And you're doing that very same thing to us now. We know what you're doing."

Hats off to that woman for speaking her mind! This video was taken at a town hall meeting in January of 2019, and Trudeau’s popularity has only declined since then. An Ipsos poll in November indicated that over half the population (52%) disagreed with the Trudeau Administration. Of the 48% that approve of the Liberal government, only 8% “strongly approve,” while 40% “somewhat approve.” Among the 52% who disapprove, 25% “somewhat disapprove,” while 27% “strongly disapprove.” There are significantly more people who strongly oppose the Liberal government compared with those who strongly approve.

Even among those who approve of Trudeau, the majority said they were on the fence, leading me to believe that the people are beginning to realize his policies have been harmful to the people of Canada. As Trudeau attempts to grab more power, civil unrest will grow as no one wants to experience a third year of COVID tyranny. As that brave woman pointed out — WE KNOW WHAT YOU’RE DOING!

January 6th & Ukraine


Armstrong Economics Blog/Russia Re-Posted Jan 6, 2022 by Martin Armstrong

Today on January 6th, 2022, Britain warned Moscow that it was working with Western partners on high-impact sanctions targetting Russia’s financial sector should it invade Ukraine. Of course, Russia could equally turn off the flow of gas to Europe and watch it freeze. That would cripple Germany. There U.S. Secretary of State Antony Blinken and German Foreign Minister Annalena Baerbock met in Washington on the 5th to discuss the Ukrainian Crisis. The major critical issue was that of the increase of Russian troops along the border of Ukraine. The issue appears to be over Ukraine’s attempts to join NATO. Both representatives agreed that this military presence is very dangerous. Meanwhile, the G7 warned Russia of ‘massive consequences’ if Ukraine is attacked.

President Vladimir Putin has demanded legally-binding guarantees that NATO will not expand further eastwards. NATO has been provoking Russia for years. While claiming to be purely defensive and Russia as the aggressor, NATO has used the fall of the Soviet Union to move eastward. The West simply seems to ignore Putin and then blames him as an aggressor.

“We will not accept the campaign Russia is waging to subvert its democratic neighbours,” Foreign Secretary Liz Truss of Germany told parliament. “They have falsely cast Ukraine as a threat to justify their aggressive stance.” “Russia is the aggressor here,” Truss said. “NATO has always been a defensive alliance.” That is pure nonsense. NATO has been decisively moving eastward and sees Russia as its enemy. Without Russia, NATO would not exist.

Much of Eastern Ukraine is composed of ethnic Russians who moved there during the Soviet Union. I warned from the outset this is not a game of monopoly. Just because that was the border of Ukraine under the Soviet Union means nothing. Even Crimea was historically Russian and was only given to Ukraine to administer during the Soviet Union. Russia annexed the Black Sea peninsula of Crimea from Ukraine in 2014, and the West imposed sanctions while hurling condemnation at Putin. Kyiv demands the territory back as if this is a Game of Thrones Conquest App.

Those in Crimea are predominantly Russian and there are Tatars there from the old Mongol invasion days. The border should be redrawn according to the language. This would be no different from Mexico demanding the return of Texas when the majority of the people are Americans. People’s lives are lost for such political posturing. The old days of Empire are long gone. The wealth of a nation is its people – not the territory it occupies.

So is January 6th, 2022 the day of decisions with these announcements and will amount to the Die is Cast? Our model does not like the other side of February in many markets.

Self ImolaTED Cruz Appears with Tucker Carlson in Attempt to Regain Credibility, Fails Miserably


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 470 Comments

The Texas Senator who has been morphing into a wolf like caricature, left himself naked to his enemies yesterday by his own choosing.   After proclaiming the J6 protestors were “violent terrorists”, the articulating stutterer must have realized he stood on a political landmine.

Ted Cruz quickly appeared on Fox News with Tucker Carlson in an attempt to regain credibility.  It’s interesting that Cruz chose the Tucker Carlson show for the effort, and it’s interesting that Carlson gave him the opportunity.  However, the result was predictable.  You cannot create authenticity where only inauthenticity exists.  If you try, what you end up with is a hole digger that keeps digging.  WATCH:

…”The more he spoke of his honor the faster we counted the spoons.”

Glenn Beck Interviews President Trump


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 271 Comments

Whoever said God doesn’t have a sense of humor did not foresee Glenn Beck broadcasting a President Trump interview at the same time that Texas Senator Ted Cruz is saying the January 6th protesters are “domestic terrorists who need to be jailed for a very long time.”   LOL

President Trump granted Glenn Beck a lengthy interview on the anniversary of January 6.  The best part of this interview is President Trump saying all this sh!t that Biden is doing can be fixed quickly.  [He’s right]  WATCH:

President Trump Sits Down to Discuss Joe Biden Introducing Communism to the U.S.


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 270 Comments

I am often asked why the ‘system’ is so intensely focused on eliminating Donald Trump.  Sure, the decades past have highlighted attacks against various politicians with the Alinsky purpose to isolate, ridicule and marginalize them; however, in the history of American politics, no individual has been targeted at the scale of Donald Trump.  What makes this different?

I’ll answer that important question below this recent interview.  WATCH:

The answer to the question of why the entire system of institutions and agencies need to eliminate Donald Trump is actually answered by first standing back and remembering where things were before Trump.   The time when political subjects were not the all-consuming part of everyday discussion.

Before Donald Trump stepped into the political arena, the same institutions and agencies who attack him now were successfully able to manipulate public perceptions.  It was all a grand pantomime, a ruse, a Potemkin village filled with jesters, distractions and carefully coordinated illusions of false choice.

When Donald Trump stepped into politics his platform was true, simple, pragmatic and pure.  He never hid the objective; there was no attempt to pretend to be something or hold some opinion/outlook.

Trump’s platform boiled down to: This is what commonsense people want, I agree with them, and so here I am to give it to them.  If you want these things, well, vote for me.

Immediately, literally in the first two weeks, the people who previously claimed to hold those same positions were exposed as part of a larger system of institutional fraud.  The “conservatives” inside the previous ‘fallacy of false choice’ scheme quickly became the Never Trump movement.   Hundreds of Republican politicians and pundits holding a UniParty agenda were exposed.

But the issue is actually bigger than that….

People forget, but Donald Trump was the last candidate to announce his entry into the 2016 presidential race.  The very first poll in August 2015, after Donald Trump made his entry announcement (June ’15), showed Trump in first place.   For the first time in modern history, a person who was totally outside the political system was the #1 candidate.  That position never moved from 2015 all the way to the RNC convention and eventually to the November 2016 election.

The two private clubs who control American elections, the RNC and DNC, were triggered and apoplectic.  Every politician who played the game and came out of the two club stables was also triggered.   The multinational corporations and banks who purchase and control the club charters were also triggered.  Their united assembly at Sea Island, Georgia, in March of 2016, was evidence of this collective apoplexy.

The intelligence agencies were triggered and went to work eliminating the threat, hence “Spygate“.  Heck, foreign nations even joined the destroy Trump mission in 2016, and we saw China, the U.K., Australia, Canada and Europe overall do everything they could to support the destroy Trump movement.

The entire geopolitical system had one enemy, Donald J. Trump.  However, almost no one at the time could grasp exactly what this meant.  Now, with hindsight and the benefit of watching various world leaders weaponizing COVID rules, we can clearly see how those exact same voices and interests were attacking Trump.

But what is it about Donald Trump that makes these attacks so profound and over the top?

Why is Donald Trump considered a ‘threat”?  And what exactly is he a threat to?

Donald Trump isn’t even in office, yet the exact same cast of characters have spent the entirety of their effort over the past year trying to destroy him.

Think about the scale of effort.

Why are they putting this much emphasis on destroying this one person?

When you step away from the noise of what has been created to seem ordinary, that question is quite profound.

I mean really…. what is it about this guy that makes things different?

The answer is really quite simple.

For the past 40+ years, we have been watching a prepared political script.  A production done by people who George Carlin called “The Big Club“, and who other people have started to identify because of the COVID rules, deployments and control over the politicians.

The multinationals, globalists and one-world government people have constructed a Potemkin village in the world of politics.

Donald John Trump represents the one person who could walk up to it all, knock over the plywood and show it’s not a real place at all, it’s make-believe.

To mix metaphors, Trump is Toto, the little dog that might just pull back the curtain.

President Trump not only represents the American majority, but he also represents the people wearing yellow vests in France, the people marching in protest in Australia, and the crowds that gather every day in Europe to fight the COVID mandates.

Donald John Trump is the brilliant, imperfect, sometimes ordinarily common, average person; and he is simultaneously the existential threat to the global elite.

It is Trump’s genuine patriotism and pragmaticism that makes him relatable.  He carries characteristics of being ordinary and yet extraordinary, and flawed, and a hot mess at times, and true, and brilliant, and annoying, and funny as heck, and also just plain likeable.

Often the brilliance he displays is just commonsense – and in a world where commonsense is a rare commodity, well, his gift of the ordinary becomes priceless, because he takes it to a place where it is most missing.

Donald Trump is also not a communist in a world where if you ask me if any well known person is a communist, I normally have to say ‘give me a few weeks and let me watch them before I will give an opinion‘…. which is usually a guess…. because we cannot be sure… because the communists have infiltrated every rank, in every institution… and they hide their ideology, because that is part of what makes communists dangerous.

As a consequence, to know -in ordinary terms- just matter of factly, that Donald Trump is not a communist is, sadly, quite rare.

The other issue for the control agents is the scale of Trump’s appeal.  Black, white, Latino, Asian, gay, straight, male, female, other or any assembly of bits and pieces that people use to assume their tribal identity, it doesn’t matter.  He’s genuinely the least divisive person imaginable, and that is the reason why MAGA is so broad in the coalition.

Does that stuff help people?  Okay, so we shall have a policy to do that stuff.

All of these various sub-groups and special interests that have been purposefully and carefully groomed by the needs of the Big Club are destroyed by one overarching viewpoint, do you want to see people happy – if so, well, let’s go MAGA bitches.

Stupid stuff hurts our country, so we shall have a policy not to do stupid stuff.

Communists hate our country, so let’s Make America Great.

It’s the simplicity of Trump that makes him a threat, in combination with him showing that basic America First policy makes the lives of everyone much better.   He’s already proved that.  That’s why they hate him.  That’s why the communists needed COVID-19 to stop him.

You can’t have the simple happiness of people doing what they want, and having opportunity, come as a result of commonsense policy.

That’s why the Big Club hates Trump.  That’s why they will never stop attacking Trump.  Meanwhile, I cannot unsee everything that Trump has shown me, and that’s why he will always have my support.

You Too Are Probably So Done with This Insufferable J6 Pantomime, But Read This Article Anyway – Not Written by Me


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 295 Comments

Today is one of those days where you just want to tune out the insufferable nonsense because, well, good grief, this DC effort is at such a stratospheric level of ridiculousness, that most sane and stable-minded people choose to part company with the political insanity.

However, to put the scale of these ridiculous narrative engineering efforts into their appropriate context, you might find this article worth reviewing – SEE HERE

“The truth is that above all, January 6 is a political myth, transformed from a historical event into an ideology designed to protect and stabilize a regime whose supporting institutions are deteriorating.” (read more)

~ Pedro Gonzalez

Kamala Harris Compares January 6 DC Protest to Pearl Harbor and September 11th Terrorist Attack


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 256 Comments

Comrades, not to be outdone by her sycophants in media, the most unlikeable woman in American politics compared the January 6th DC protest to the December 7th, 1941, attack on Pearl Harbor and the September 11, 2001, al-qaeda terrorist attack on the World Trade Center & Pentagon.

They are really trying, but the horse is still dead.

Governor Ron DeSantis Highlights the Political Motives of the DC Elites to Exploit Their Manufactured Jan 6th Event


Posted originally on the conservative tree house on January 6, 2022 | Sundance | 158 Comments

Comrades, we all knew the pearl-clutching would reach stratospheric proportions today as the leftists, democrats, communists, media and DC system, writ large, were intent on pushing the most over-the-top “threat to our democracy” claims around the January 6, 2021, protest anniversary.

In typical leftist form, the J6 events are now being compared to the attack on Pearl Harbor and the September 11, 2021 terrorist attacks by the Biden administration.   However, before the day’s insufferable events began, Florida Governor Ron DeSantis was asked his opinion of what would take place.  DeSantis rightly noted this is Christmas Day for the DC system.  They have been preparing for this day for almost a year.  WATCH:

In military terms, a “Charlie Foxtrot” is a cluster f**k.  One level below a FUBAR and one nudge higher than a SNAFU.