Tag Archives: G-20

Apr 3 2023

Inditement Backlash


Armstrong Economics Blog/Corruption Re-Posted Apr 3, 2023 by Martin Armstrong

Trump said from the beginning that his arrest would blow up in Biden’s face. Florida Gov. Ron DeSantis said he would not honor any request to extradite the former president and called the situation “un-American.” “The weaponization of the legal system to advance a political agenda turns the rule of law on its head,” DeSantis tweeted. News outlets, even those on the left, are bashing the inditement. The Washington Post released an article calling it “a poor test case for prosecuting a former president.” American voters seem to agree.

You know you screwed up when even George Soros wants no part of the scandal. The leftist billionaire came out to declare that he is not associated with Alvin Bragg in any way, despite being a donor to the Color of Change PAC that supported Bragg’s election. Both DeSantis and Trump accused Soros of supporting Manhattan DA Alvin Bragg. “As for Alvin Bragg, as a matter of fact I did not contribute to his campaign and I don’t know him,” Soros told the media.

Trump stated: “I believe this Witch-Hunt will backfire massively on Joe Biden. The American people realize exactly what the Radical Left Democrats are doing here. Everyone can see it. So our Movement, and our Party – united and strong – will first defeat Alvin Bragg, and then we will defeat Joe Biden, and we are going to throw every last one of these Crooked Democrats out of office so we can MAKE AMERICA GREAT AGAIN!”

Even the Democrats are now admitting that this is a witch hunt. Rasmussen Reports found that the public was split 49-47 in favor of charging the former president. House Speaker Kevin McCarthy called the charges “an outrageous abuse of power.” He also called Braggs a “radical DA who lets violent criminals walk as he pursues political vengeance against President Trump.” Rasmussen also found that 46% of Democrats agree that what is happening is “an outrageous abuse of power,” and 55% of Independent voters also agreed. A poll by Breitbart News found that 59% of poll respondents see the charges as “politically motivated,” and 53% said it was “stretching a weak case.”

Could these charges actually cause the public to feel sympathy for Donald Trump? Republicans are standing strong behind him. Those in the middle are leaning to the right on this situation. The left wanted Trump gone, but not in such an overtly corrupt manner. Beating the charges would be a win for Trump and a nod to his promise to fight the establishment. This has become additional free publicity for Trump as it is hard to deny that the US government is already attempting to interfere in the 2024 presidential election.

Apr 3 2023

Europe Wants War At Any Cost


Armstrong Economics Blog/War Re-Posted Apr 2, 2023 by Martin Armstrong

Federal Defense Minister Kajsa Ollongren of the Netherlands has handed the Netherlands Army to be subordinated by Germany. He put out the standard propaganda that he did so because of the Russian war of aggression against Ukraine. They ignore the fact that it has been the West who started the civil war and propped up this fake leader in high-heels to send waves of Ukrainians to their death. All because the Western monetary system is collapsing and they desperately need war especially after keeping interest rates NEGATIVE since 2014 wiping out banks and pension funds throughout Europe. The “complete integration of all three Dutch army brigades into Bundeswehr structures” is a “milestone” they have declared.

On top of that von der Leyan will most likely take over NATO. She sold out all Europeans to Pfizer buying billions of doses of their vaccine using an executive order denying the people or parliament to even vote. They will never be used. What did she get in return? She will be a puppet for the highest bidder in the Neocon world. How such people can even look at themselves in the mirror has always astonished me.

NATO will now stage the largest military exercise in history by June. It will most likely create some excuse to wage war against Russia. They need this war desperately to restart a new monetary system that they have been planning with Bretton Woods II. There is no remorse for those who die in battle. They do not care about the families driven from their homes. This is all in the political game of kicking the can down the road and always blaming someone else.

Apr 3 2023

What Survives the Collapse of a Government’s Currency?


Armstrong Economics Blog/Gold Re-Posted Apr 2, 2023 by Martin Armstrong

I know a lot of goldbugs hate my guts because I do not constantly only say BUY and I point out that NOT only gold and silver survive the collapse of a currency.

I once had a German client who was a multimillionaire back in the 1970s. When the German government collapsed, he was buying all the old coins that were base metals for scrap. They were nickel and copper and some aluminum.  It was presumed that they were all then worthless.

The new government could issue the paper money, but they lacked the metal to strike a whole new coinage. They then announced that the old coinage would retain a value as fractions of the new currency. He became a multimillionaire overnight. I use to enjoy his stories of the transition since he lived through it there in Germany.

His stories of living through such monetary reforms helped me understand the mechanism behind such events. As I have explained, even in times of geopolitical stress, that is the period when we find the greatest number of hoards of even ancient coins.

Just like the stock market, gold has risen and fallen in value. The propaganda about Bitcoin was the same nonsense – the hedge against central banks and a “store of value” when it is simply no different from anything else that trades – it moves up and down. There is NO STORE OF VALUE in human history. Everything rises and falls. That was what Karl Marx was trying to stop – the Business Cycle of booms and busts.

Sorry, I am not a Marxist. There is a cycle to everything and that means that there is a TIME to BUY and a TIME to SELL. The stock brokers in the Great Depression told people to hold. The market always comes back. Others told them to average in. It took 25 years for the stock market to reach the old 1929 high (it exceed the 1929 high in 1954 on the Dow).

I buy gold but in coin form. The one consistent form of value historically has is generally been food if you go that far down the rabbit hole. However, a loaf of bread from 1930 will not do you much good today despite the fact it was just 12 cents back then. Now that was an investment if it would survive 100 years.

Precious Metals will do well, but I would prefer them in coin form. You may know what they are, but it is the other person who has to know before it has any value. That average person must be able to identify that it is real. That will be your problem. You won’t get change for a cup of coffee with a kilo bar of gold.

I have suggested the pre-1965 silver coins for small transactions. But real estate, art, ancient coins, antique cars, rare coins, and the stock market will all have some value being redenominated into whatever new currency emerges and that will depend on the government. The German stock market rose with hyperinflation and was re-denominated in the new currency in 1925. Like most other markets, it rallied and peaked going into 1929. So I’m sorry if the truth hurts. But the stock market will NOT go to ZERO and only gold will rise if the dollar crashes. There is no such period in history that hints at such nonsense. This is propaganda made up by those trying to sell gold and will say anything just like a used car salesman.

No matter what the tangible object might be,

it will rise and fall with the business cycle. It always has, and it always will.

Apr 2 2023

Col Macgregor on the Neocons


Armstrong Economics Blog/Neocons Re-Posted Apr 2, 2023 by Martin Armstrong

Apr 2 2023

FIAT – What is it Really!


Armstrong Economics Blog/Foreign Exchange Re-Posted Apr 2, 2023 by Martin Armstrong

QUESTION: Governments create their own sovereign fiat currency, to facilitate trade, among other reasons. So counterfeit is punishable, in some countries, by death, & at minimum, incarceration. Currency is supposed to be sacrosanct, created under the most exacting conditions. So what to do when your own gov’t engages in what is essentially officially endorsed counterfeit? I mean, the “money” has become almost meaningless, unless you’re on the receiving end. For non-insiders like me…buy PM.

HS

ANSWER: I have trouble with this misinformation always about the only money is gold and paper dollars are worthless fiats, which have rebuilt the world many times over since 1861 and the introduction of the paper dollar.

The propaganda of the goldbugs which has led so many to lose so much has been this nonsense that gold is the hedge against inflation. When the gold coin was money during the 19th century, it rose and fell in purchasing power no different than any paper currency. These people sell fiction like a used car salesman just to sell their product.  It honestly does not matter what money is. It always is just a derivative of barter. I give you this for that. You will accept paper money because you know that others will accept it from you. A woman tried to spend a $20 gold coin at Walmart and they refused to accept it because they did not know what it was. She then took them to the back and exchanged them for $20 bills.

Try going to Starbucks and spending a $20 gold coin and asking for change. Unless the salesperson knows what it is, they will refuse.MONEY has always been nothing more than a belief system. That’s all!

FIAT simply means by arbitrary decree. Just because a currency is gold or even silver, does NOT make its value intrinsic. Governments have debased their coinage and reduced the weight declaring its value shall be whatever they say. I have written about how Japan did that and eventually, the people refused to accept Japanese coins and they stopped minting them for 600 years.

The Romans reduced the weight of their silver coinage from 6.5 grams to 4 grams and only because they defeated the Greeks, the Roman monetary system became standard.

During the American Revolution, people accepted the Continental Currency. Money has always simply been predicated upon what people will accept.

Gold has no value whatsoever unless the other person also believes it has value. Gold or silver has no value intrinsically any more than a paper dollar or a bag of rice unless there is an unspoken agreement among people that it is a valuable medium of exchange.

This is the truth. All else is propaganda. Money has been many things throughout thousands of years from seashells to cattle and even slave girls.

StPatrick-tokens

Saint Patrick in the 5th Century AD upon his arrival in Ireland, found that MONEY was expressed in human slave girls. He wrote in his Confession, “I think that I have given away to them no less than the price of fifteen humans.” This passage shows something very important. First, MONEY is not defined as the Medium of Exchange exclusively. It also serves the purpose of a Unit of Account. This becomes the true function of MONEY even more so than what it is. MONEY is a language of value.

FIAT is when the government dictates what something is and that will be Digital Central Bank Currency. But if everyone accepts it, then it becomes the medium of exchange.

Apr 2 2023

This is Important – I Have Been Warning – Ukraine Has Been Losing


Armstrong Economics Blog/Ukraine re-Posted Apr 1, 2023 by Martin Armstrong

You should listen to this carefully. The Neocons will have at least another 500,000 people’s blood on their hands. I have stated that Putin NEVER sought to invade and conquer Ukraine. It was also a Special Action only to free the Russian Dunbas. The American Neocons are the ones who have been pushing this to defeat Russia. They never cared about the people of Ukraine. They have been used as cannon fodder. Perhaps as we enter the final days into the target of the ECM – April 10th, it will have this defeat to deal with. To all of those who bought into the whole Putin is just evil scenario, you better think again, why are you so easily manipulated by Neocon propaganda? Because this is not going to end.

Apr 2 2023

Neil Oliver – The Peasants Are Revolting


Posted originally on the CTH on April 2, 2023 | Sundance

For his monologue this week British Pundit Neil Oliver takes a walk around the globe to highlight how an increasingly awake global citizenry are revolting against the professional political class.

From France to the United States and Canada and all the way to Africa and throughout Europe, people are looking at the professional political class and rebelling against the desperate schemes of those barely clinging to power.  Many tremors and trembles are visible amid the action of the people and the responses from the elites that believe they rule them.  WATCH:

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Apr 2 2023

Zelenskyy Sends “New Democracy” Jackboots to Shut Down Orthodox Christian Religion in Ukraine


Posted originally on the CTH on April 1, 2023 | Sundance 

In the aftermath of their assembled COVID-19 powers, the “new western democracy” is an ever-evolving phrase. This version doesn’t have any structural voting representation at the core of the word “democracy,” and is generally akin to totalitarianism with a police state to back it up.

While the United States is sending hundreds of billions to fund the new form of “western democracy” in Ukraine, the outlawing of political opposition, the shutting down of non-state-controlled media, and now the cancellation of religion has a historical rhyming to it. Leftists in the general sense are supporting these new constructs within this newly defined version of democracy, and the western corporate media seem to be subservient to the fiats.

In the latest development, Ukrainian President Volodymyr Zelenskyy has sent the state police to shut down Metropolitan Pavel Lebed, the leader of the Ukrainian Orthodox Church. Pavel Lebed is now under house arrest.

Pavel’s sin against the Ukraine regime is described by Politico: “in his public speeches repeatedly insulted the religious feelings of Ukrainians, humiliated the views of believers of other denominations and tried to form hostile sentiments towards them,” said the SBU, which also published what it alleges are phone intercepts from Pavel’s sermons. He also “made statements that justified or denied the actions of the aggressor country,” according to the service.”

(Politico) – Ukrainian investigators are searching the home of Metropolitan Pavel Lebed, an Orthodox Church leader, who they accuse of justifying Russia’s invasion of Ukraine and inciting inter-religious hatred.

Ukraine’s security service (SBU) confirmed on Saturday that Pavel, who runs Ukraine’s most important monastery, the Kyiv-Pechersk Lavra, is suspected of violating the country’s criminal code. (read more)

(Radio Free Europe) – […] Around three dozen Orthodox priests around the country have been arrested by Ukrainian law enforcement since the February 2022 invasion, accused of unspecified acts of sabotage or of gathering intelligence and sending it to Moscow.

In November, Ukrainian security agents raided the Monastery of the Caves complex, searching for what they said were weapons or anti-Ukrainian propaganda. A Russian Orthodox Church spokesman called it an “act of intimidation” against Ukrainian believers. (read more)

History tells us that churches and organized religion are always the first targets of the totalitarian state, because they represent a unity of purpose and assembly that is not reliant on the totalitarian state.  In all communist regimes, religious worship is generally banned.

As the “new western democracy” takes shape in Ukraine, a system of government supported by the U.S. government and NATO, what we see now is an outcome that is something entirely different from the traditional secular democratic norms.

In the United States there are many voices identifying how Christianity itself is under attack from the ideology of leftist government.  In Ukraine those attacks are manifesting more openly as orchestrated by the state.

As we enter the most holy of Christian weeks leading up to Easter, there is a rhyming in current events.

Mar 31 2023

Can We Really Last until 2032?


Armstrong Economics Blog/ECM Re- Posted Mar 31, 2023 by Martin Armstrong

QUESTION #1: Martin,

Since Trump was already not guilty of having the affair (to which Stormy Daniels admitted never took place), does that mean that the New York Court has indicted him on the charges of “being blackmailed”?

DB

QUESTION #2: Bill Clinton committed perjury. That was legal grounds to indict him and remove him from office. Nobody wanted to indict Richard Nixon either. I can now see why Socrates is forecasting the collapse of the United States. I just realized that the Declaration of Independence was approved by the Continental Congress on July 4, 1776, announcing the separation of 13 North American British colonies from Great Britain. What I did not know was it was only a vote of 12 and New York abstained. It seems like New York is at it again. Do you really think we can last until 2032?

ANSWER: What Bragg has done is so undermining to the entire country and he has accepted money from a foreign power seeking to undermine the United States – George Soros. That is treason in my book. He is doing the bidding of a declared enemy against the United States and everything our way of life has stood for.

Yes, the Declaration was designed 1776.506. The United State will exist no more after 2034.50. I am very concerned that the 2024 Presidential election is not going to be fair. By the time we get to 2025.90, this does not look good in the least. It is highly unlikely that we are looking at this lasting as we have known it until 2032. It looks like everything unravels starting in 2027.

Mar 31 2023

US Sent 365 Attack Craft to Confront Russia


Armstrong Economics Blog/Neocons Re-Posted Mar 31, 2023 by Martin Armstrong

QUESTION: Marty; It looks like NATO is preparing to invade Russia. What the hell is going on?

HR

ANSWER: Ads I have explained, the Neocons are in full control of US foreign policy. They are intent on starting a war BEFORE 2024. They have 300,000 troops on the border of Russia in Poland. The US has 365 attack aircraft ready to roll. They have used Ukraine to weaken Russia’s conventional forces. They think they can take Russia in less than one week. They believe that Russia will not push the button. What if they are wrong? They believe in their own propaganda.

They have waged a brilliant campaign. They pretend their warmongering is being patriotic. They do not care about America, its people, or anything honorable. They used Ukraine as cannon fodder and they will do the same with Americans. They are INTERNATIONALISTS and in their view, it is to dominate the world. Who cares about Americans? There are too many of us anyhow. Thin the herd is their view.

Welcome to World War III