India Reverses Prior Position and Will Now Block Further Wheat Exports, Triggering G7 Concerns


Posted originally on the conservative tree house May 14, 2022 | Sundance 

In April India said it was hoping to expand its wheat exports from 7 million tons to 10 million.  However, as precarious winter wheat harvests reflect lower outputs, they are reversing position and will now block any wheat exports in order to ensure their own supply.

INDIA – […] The announcement drew sharp criticism from the Group of Seven industrialized nations’ agriculture ministers meeting in Germany, who said that such measures “would worsen the crisis” of rising commodity prices.

“If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German Agriculture Minister Cem Ozdemir said at a press conference in Stuttgart.

Global wheat prices have soared on supply fears following Russia’s February invasion of Ukraine, which previously accounted for 12% of global exports.

The spike in prices, exacerbated by fertilizer shortages and poor harvests, has fueled inflation globally and raised fears of famine and social unrest in poorer countries.

It has also led to concerns about growing protectionism following Indonesia’s halting of palm oil exports and India putting the brakes on exports of wheat.

India, the world’s second-largest wheat producer, said that factors including lower production and sharply higher global prices meant it worried about the food security of its own 1.4 billion people.

Export deals agreed to before the directive issued Friday could still be honored, but future shipments need government approval, it said. (read more)

Don’t look now, but there’s an ideological alignment in the background of these decisions.

Turkey and Egypt will be receiving wheat export from India, both nations are aligned against the western position toward Russian sanctions.  Turkey said a few days ago they would not approve of Finland joining NATO (the irony of Turkey in NATO not withstanding).

We need to watch carefully, but there are indications in the geopolitical decision making of nationalist-minded countries, that seem to align with the previously discussed energy alliance cleaving.   The food alliance per se’, is lining up in similar fashion to the energy sector oil alliance.

If this geopolitical and ideological alignment of food imports/exports continues, what we will see is Europe become even more dependent on the U.S. for food exports.  That type of reality has the potential to play well for Biden’s pressure and blackmail campaign forcing NATO to stay committed to the war in Ukraine.

Due to sanctions, Western European allies have already become more dependent on the U.S. for energy products including heavy oil, and liquified natural gas (LNG) which is being exported from the U.S. at the highest rate in history; unfortunately, driving up the prices we pay.

Now we can overlay food exports as another angle for Biden to keep blackmailing NATO to support his proxy war in Ukraine.

Americans are already paying more for energy because we are subsidizing Europe.  Now Americans will pay more for food products because we are subsidizing Europe.   That my friends, is a hot mess.

This sanctions map starts to take on a new dimension beyond energy.  The western team in yellow trading energy and foodstuffs between themselves based on common ideology and outlook.  The team in grey trading energy and foodstuff based on common ideology and outlook.

Overlay that map with the countries who became totalitarian with COVID mandates, and you will discover a commonality.

Meanwhile, Joe Biden speaks about the worrisome rise of “autocracy.”?

BIG PICTURE – How we traditionally defined “freedom” is shifting away from the yellow zones and into the grey zones.

Why?  Because traditional western democracy has been infected with the far-left politics of socialism and communism, just like the democrat party.

Keep watching.

The Cryptocurrency Crisis


Armstrong Economics Blog/Cryptocurrency Re-Posted May 12, 2022 by Martin Armstrong

COMMENT: Mr. Armstrong, I just wanted to express my thanks. You were the only one who called the high in Bitcoin. You saved my marriage, my home, and my future. I tried to tell a friend who went and took an equity loan to invest in Bitcoin. He may lose his home now. I tried to tell him you warned markets crash when everyone has bought. He would not listen. Your principle applies to everything. Thank you so much. Your WEC saved my life.

See you in Orlando.

OA

REPLY: I know, The NY Post has published how people are losing everything and some are contemplating suicide. This is the normal Boom-Bust Cycle that governs. I know a lot of analysts disagreed with me. All I can say if they did not see this coming, then they were too biased and caught up in the trade for themselves.

As I have said, cryptocurrencies are an asset – not money. They are by no means a safe harbor against “fiat currency” and will NEVER be a store of value because NOTHING ever is. Gold rises and falls. Even during the 19th century, there was inflation and deflation. Guess what? When you are on a gold standard, the value of gold rises and falls just as the dollar does right now.

There are people who REFUSE to ever listen and keep preaching that a return to the gold standard somehow mysteriously will solve all the problems. I think they are smoking their marijuana way too much. I do not know how to explain it any simpler. There is a cycle to absolutely EVERYTHING!. There is NO standard that will EVER work because of the business cycle. Here is a chart of the Gold/Silver Ratio. If there was this fictional world where somehow money never appreciates nor declines, you have crossed the line into Marxist Theory and Communism. That was the whole reason behind Marx – to create the perfect world and end recessions and depressions.

Paul Volcker in 1978 express the harsh reality that nobody listened to. He called it the Rediscovery of the Business Cycle because it always defeated these people who tried to eliminate the business cycle and create the perfect world.

Arthur Burns, who was the Fed Chairman at the time of the collapse of Bretton Woods. He too acknowledged that the business cycle always wins. I’m sorry, but this is reality. Market crashes because EVERYONE who ever thought of buying has bought. Something happens and they try to sell. The market crashes because there I a lack of fresh buying. To survive your own investment decisions, this is lesson #1 – When everyone is talking about that investment as the next exception to reach new heights, it’s time to exit.

Global COVID Summit Declaration IV


A Joint Statement, representing 17,000 Physicians and Medical Scientists to End the National Emergency, Restore Scientific Integrity, and Address Crimes Against Humanity

Robert W Malone MD, MS22 hr ago1,516104

The time is now. As most readers of this substack are now well aware, this is not just about COVID. The constitution hangs in the balance. Please help us to get these messages spread far and wide. The 17,000 Physicians and Medical Scientists in our organization, who are not financially conflicted and remain committed to the Hippocratic Oath, are doing our part. Now we ask that you help us to help you. We need your help.

https://globalcovidsummit.org/news/declaration-iv-restore-scientific-integrity

Alternative link


Global COVID Summit, Declaration IV

A Joint Statement, representing 17,000 Physicians and Medical Scientists 

To Restore Scientific Integrity

17,000 Physicians and Medical Scientists Declare that the State of Medical Emergency must be lifted, Scientific integrity restored, and crimes against humanity addressed.


17,000 physicians and medical scientists declare that the state of medical emergency must be lifted, scientific integrity restored, and crimes against humanity addressed.

We, the physicians and medical scientists of the world, united through our loyalty to the Hippocratic Oath, recognize that the disastrous COVID-19 public health policies imposed on doctors and our patients are the culmination of a corrupt medical alliance of pharmaceutical, insurance, and healthcare institutions, along with the financial trusts which control them. They have infiltrated our medical system at every level, and are protected and supported by a parallel alliance of big tech, media, academics and government agencies who profited from this orchestrated catastrophe.

This corrupt alliance has compromised the integrity of our most prestigious medical societies to which we belong, generating an illusion of scientific consensus by substituting truth with propaganda. This alliance continues to advance unscientific claims by censoring data, and intimidating and firing doctors and scientists for simply publishing actual clinical results or treating their patients with proven, life-saving medicine. These catastrophic decisions came at the expense of the innocent, who are forced to suffer health damage and death caused by intentionally withholding critical and time-sensitive treatments, or as a result of coerced genetic therapy injections, which are neither safe nor effective.

The medical community has denied patients the fundamental human right to provide true informed consent for the experimental COVID-19 injections. Our patients are also blocked from obtaining the information necessary to understand risks and benefits of vaccines, and their alternatives, due to widespread censorship and propaganda spread by governments, public health officials and media. Patients continue to be subjected to forced lock-downs which harm their health, careers and children’s education, and damage social and family bonds critical to civil society. This is not a coincidence. In the book entitled “COVID-19: The Great Reset”, leadership of this alliance has clearly stated their intention is to leverage COVID-19 as an “opportunity” to reset our entire global society, culture, political structures, and economy.

Our 17,000 Global COVID Summit physicians and medical scientists represent a much larger, enlightened global medical community who refuse to be compromised, and are united and willing to risk the wrath of the corrupt medical alliance to defend the health of their patients.

The mission of the Global COVID Summit is to end this orchestrated crisis, which has been illegitimately imposed on the world, and to formally declare that the actions of this corrupt alliance constitute nothing less than crimes against humanity.

We must restore the people’s trust in medicine, which begins with free and open dialogue between physicians and medical scientists. We must restore medical rights and patient autonomy. This includes the foundational principle of the sacred doctor-patient relationship. The social need for this is decades overdue, and therefore, we the physicians of the world are compelled to take action.

After two years of scientific research, millions of patients treated, hundreds of clinical trials performed and scientific data shared, we have demonstrated and documented our success in understanding and combating COVID-19. In considering the risks versus benefits of major policy decisions, our Global COVID Summit of 17,000 physicians and medical scientists from all over the world have reached consensus on the following foundational principles:

  1. We declare and the data confirm that the COVID-19 experimental genetic therapy injections must end.
  2. We declare doctors should not be blocked from providing life-saving medical treatment.
  3. We declare the state of national emergency, which facilitates corruption and extends the pandemic, should be immediately terminated.
  4. We declare medical privacy should never again be violated, and all travel and social restrictions must cease.
  5. We declare masks are not and have never been effective protection against an airborne respiratory virus in the community setting.
  6. We declare funding and research must be established for vaccination damage, death and suffering.
  7. We declare no opportunity should be denied, including education, career, military service or medical treatment, over unwillingness to take an injection.
  8. We declare that first amendment violations and medical censorship by government, technology and media companies should cease, and the Bill of Rights be upheld.
  9. We declare that Pfizer, Moderna, BioNTech, Janssen, Astra Zeneca, and their enablers, withheld and willfully omitted safety and effectiveness information from patients and physicians, and should be immediately indicted for fraud.
  10. We declare government and medical agencies must be held accountable.

Loose Tweets Destroy Fleets


Armstrong Economics Blog/War Re-Posted May 13, 2022 by Martin Armstrong

The Office of War Information (OWI) was created under Franklin D. Roosevelt to act as a propaganda machine for World War II. Americans were wary of the agency until the Pearl Harbor attack promoted the public to hand over more power to the government, in a similar fashion to how a slew of laws were implemented post-9/11. The domestic branch of OWI promoted the war in films, posters, radio broadcasts, photography, and other forms of media. Before the dawn of the internet, this is how the public learned about the war overseas.

In the World War II era, the OWI promoted the phrase “loose lips sink ships.” The US Air Force attempted to issue a similar slogan during the war in Afghanistan – “loose tweets destroy fleets.” ISIS used social media and the internet to promote its agenda and spread fear across the West. This was our first glimpse of war fought via the world wide web.

Capt. Jonathan McDonald, AFCENT Force Protection Chief said in 2015, “As social media keeps evolving and there’s more and more avenues to let your friends and family know what you are up to, those same avenues can be used by ISIS sympathizers, ‘lone wolves,’ to track down and hurt our military members outside the safety of the base. So not only is it important to not post vital mission related information, but it’s also important to not post detailed personal information to keep yourself and your loved ones safe.”

The reason this is important is because the president recently formed his Disinformation Governance Board, and there would be no better way to roll out this program than by using the guise of national security. After Pearl Harbor and 9/11, people assumed the enemy was easily identifiable. The OWI promoted the use of Japanese internment camps under the weak argument that everyone from Japan sympathized with the Japanese government and could become a threat to national security. Under the Patriot Act, we allowed the government to compile our data and screen everyone at the airport in case the enemy was undetected.

The Disinformation Governance Board will determine the next enemy. The president has already stated the largest threat to national security is the “ultra MAGA” supporters, many of whom simply voted for the other candidate in the two-party system. Russia is the enemy, China is the enemy, and YOU may become the enemy.

INFLATION – RECESSION – RISING RATES RATHER THAN LOWER RATES


Armstrong Economics Blog/Economics Re-Posted May 13, 2022 by Martin Armstrong

COMMENT: Marty, I want to thank you so much for the WEC. Perhaps you will consider doing one that is streamed in the middle of this craziness. I have listened to many analysts. But you are head and shoulders above everyone. Only you called for declining economic growth, rising inflation, and rising interest rates in spite of a recession. I understand it is Socrates that puts this all together. But we really need you now.

Please, Please, Please!

WL

ANSWER: I will consider it. My days are full and I cannot even begin to explain everything that is coming in from sources around the world. The “Stickly” core inflation, which does not include food or energy, made its low perfectly on its 31.4-year decline from the highest yearly closing in 1979 to the bottom in 2010. This is really important to understand because while food and energy are rising faster, they filter over into the core inflation and are driving that higher at a faster pace. We are looking at everything rising, much as was the case during the 1980s. Even ticket prices are rising in sports.

I understand that people THINK that Paul Volcker conquered inflation by pushing interest rates to insane levels. Let’s get something straight — the high-interest rates did NOT stop the inflation. Volcker drove the value of the dollar higher and that produced DEFLATION, driving the British pound to $1.03 by 1985.

Raising rates does NOT stop inflation; it will only increase it when we are dealing with a SHORTAGE rather than an excessive demand boom. The same result will unfold with the rising dollar BECAUSE of the rising rates and that produces deflation, but we have the stupidity of those pulling the strings in the Biden Administration and Europe for climate change. They are in power now and want to destroy as much of the energy system as they can because they fear the election cycle will swing against them so they must destroy whatever they can right now.

Food shortages will get MUCH worse into 2023, and we will see power failures this summer in different parts of the US and Europe. There are people in the Biden Administration who simply want to destroy as much as possible in the energy sector in hopes that the Republicans can do nothing if they take back control.

Senator Rand Paul Blocks Fast-Track Senate Vote for $40 Billion Additional Ukraine Funding


Posted originally on the conservative house on May 12, 2022 | Sundance 

Senator Rand Paul has blocked a fast-track senate vote on the additional $40 billion funding package created by Joe Biden and House Democrats.  Both Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell approved a fast-track vote; however, senator Rand Paul (KY) stood defiant against their effort.

Despite the high-profile pressure from the two Senate leaders, Rand Paul refused to move and that means the Senate will have to take procedural steps to overcome his objection, which could take several days. “My oath of office is the US constitution not to any foreign nation and no matter how sympathetic the cause, my oath of office is to the national security of the United States of America,” Paul said in his remarks before objecting to moving to swift passage of the bill. “We cannot save Ukraine by dooming the US economy.” WATCH:

The $40 billion supplemental spending bill for Ukraine is more than the total military budget of Russia.  The combined Ukraine aid packages now exceed $60 billion, more than the entire budget for the U.S. Dept of Homeland Security including border protection.

Rand Paul is on the right side of history with his position, and the overwhelming majority of Americans agree with him.   However, the opinion of the people is irrelevant to the Senate.   Even democrat Senator Chuck Schumer seemed to admit this point when he said Rand Paul’s position “was not the opinion of the overwhelming majority here,” meaning in the senate.  Schumer would have used other terms if he thought the American people agreed with him.  They don’t, and he knows it.

Zelensky Fights Alongside Nazis


Armstrong Economics Blog/War Re-Posted May 12, 2022 by Martin Armstrong

A reader sent in this picture that they saw on President Zelensky’s Twitter account before it was deleted. Zelensky posted a proud Ukrainian soldier but mistakenly forgot to photoshop out the massive Nazi symbol on his chest. The skull image symbolizes the 3rd SS Panzer Division, “Totenkopf” (English translation: death’s head), which was an elite group of Nazis who fought for Germany during World War II. The group has a notoriously gruesome past and is responsible for atrocious war crimes such as the Le Paradis massacre where the division murdered 97 British troops after they surrendered.

Totenkopf also invaded the former Soviet Union and was responsible for killing high-ranking officers. The division fiercely battled against the Red Army and the symbol goes hand in hand with Russian hatred. The group was also responsible for murdering countless Jews in Poland and operating concentration camps. They participated in Intelligenzaktion or “mass shootings” in Poland where it is estimated that 100,000 Poles were massacred. When fighting the French, the squad murdered black prisoners of war solely based on race.

The term “Nazi” is thrown around by politicians globally, but in this instance, the fighters are wearing actual Nazi symbols and making it known that they support those ideologies. On Victory Day, Putin stated, “It’s [our] goal is to protect people who have been subjected to bullying and genocide … for the last eight years. And for this we will strive for the demilitarization and denazification of Ukraine.” So yes, the West is indeed providing military power to the same organizations that our ancestors fought against during World War II.

Baby Formula Shortage Hits Crisis Levels


Armstrong Economics Blog/North America Re-Posted May 12, 2022 by Martin Armstrong

COMMENT: My sister in Texas begged me to mail her formula for the past two weeks. She has been close to rationing the milk she gives her 4 m.o. son. The shelves are empty and there is no baby formula in sight! There have been news stories but it has not been discussed enough. My sister is scared for her baby and the stores by me are also low on formula. I am limited to what I can purchase in one trip and drive to multiple stores each week. What do we do when the day comes when nothing is available?

-A Concerned Aunt

REPLY: We have entered the baby formula rationing stage of Biden’s presidency. I am glad you were able to find milk for your nephew because shortages have been recorded across the country. Datasembly reported that formula shortages reached 8% during the first half of 2021. From November 2021 to the beginning of April 2022, baby formula shortages reached 31% which was cause for concern to everyone but the FDA and the White House. As April continued, the out-of-stock rate spiked to 40%! During the last week of April, at least seven states reported a 50% or greater shortage in supply.

Target and Costco are rationing online baby formula purchases. CVS and Walgreens announced weeks ago that they would do the same. The FDA recalled three brands of formula in February after finding traces of bacteria, but that is only one factor for the shortages. Formula inventories were already down 17% on an annual basis in January prior to the recall. The ongoing supply chain issue is to blame as products simply cannot be delivered fast enough to meet demand.

The White House downplayed the issue and blamed the shortage on the recalls. “The FDA issued a recall to make sure that they’re meeting their obligation to protect the health of Americans — including babies who, of course, were receiving or taking this formula — and ensure safe products are available. That’s their job,” Psaki said in a lighthearted manner. They will be hard-pressed to fix an issue if they do not understand how it evolved. Despite manufacturers working around the clock, the shortage cannot meet the demand at this time.

I cannot advise on what to do; I can only comment on the reason for the shortage. However, I would encourage mothers to speak with their pediatricians. Watering down formula is extremely dangerous, and not all will respond well to a switch in brands. I could also suggest avoiding hoarding, but we all act in our own self-interest, as Adam Smith said, and I would not blame a desperate mother for taking extreme measures. The Biden Administration should have addressed this issue at the beginning of the year, but per usual, they waited until it became a full-blown crisis.

Is China Really Still Communist?


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

QUESTION:  Hello Martin –
In today’s “Spread The Love”, you mention at the end that today, neither Russia or China are communist.
I think the assertion that Russia is not communist is probably believable and something most of us have heard in one form or another since 1989…
But how can you say China is not communist?
If they aren’t, please tell me what they are…Thank you!
MSC

ANSWER: Communist means the government owns everything. There is private ownership and stock markets which do not exist in communism. The government continues to call itself the CCP.
However, in reality, they are no more communist than the United States. There are many rich Chinese buying arts, real estate, and even ancient coins. Communism collapsed in 1989, they just did not want to change the name of the government for that would be admitting Mao’s ideas were wrong.

I went behind the Berlin Wall before it fell. You did not own your home. You were assigned a place to live. You could not move without permission and you were not allowed to get a car without government permission. Communism failed because it was more concerned with “equality” and ignored human nature.

When the United States began, there was the Federalist Party v Thomas Jefferson’s Democratic-Republican Party. The Federalists collapsed and then the Slavery issue split the party of Jefferson into the Democratic (slave party) v Republican. Today, the Democrats do not stand for any democratic process, they are functioning still as a representative party under a Republic. They also never changed their name to reflect the true nature of their party.

EU Internal Battle = Separatist


Armstrong Economics Blog/European Union Re-Posted May 12, 2022 by Martin Armstrong

The sanction imposed on Russia is an economic version of a nuclear war spearheaded by the United States without any consideration whatsoever. The United States was energy self-sufficient under Trump. Biden has taken every step to end fossil fuels and has had the audacity to turn to OPEC to ask for more supply while he denies American those very jobs. But Europe has no self-sufficient energy. This hair-brain idea that they can punish Russia for invading Ukraine was deliberately created by the West & Zelensky and is now tearing the EU apart.

As always, the West simply thought they needed to conquer Russia and then China to push this Great Reset with the United Nations in charge of the world because no single nation can tackle climate change alone. They never anticipated that shutting down fossil fuels before there was any viable alternative would lead to political chaos. The euro will be in serious trouble post-2024 and may even collapse as a viable reserve currency in the world. The euro was doomed when they refused to consolidate the national debts and become one real government because they simply never trusted each other.