Tag Archives: George Soros

May 17 2023

America Has Been Invaded


Armstrong Economics Blog/USA Current Events re-Posted May 17, 2023 by Martin Armstrong

The end of Title 42 has been an absolute disaster. There is no telling how many migrants entered the border last week. These are not simply women and children seeking a new life. The majority of those entering are military-aged MEN who feel entitled to enter America illegally. These are not struggling individuals. American Door Dash drivers were sending food deliveries to the border as over 60,000 migrants lined up around the immediate border area in anticipation of midnight on May 11.

One extremely troubling issue is El Salvador’s recent crackdown on gang crime. The nation locked up all affiliated gang members and saw a drastic decrease in crime. The gang members who escaped had nowhere to go, and no one wanted to infringe on Mexico’s feared cartels. Neighboring Honduras was forced to follow suit after declaring a state of emergency over violent crime in November 2022. Guatemala would be wise to go this route as well, but gangs will be more successful when selling to people using the USD.

Haiti is in ruin and people have been attempting to flee for years. Venezuela’s economy is a glimpse at how well socialism works. Nicaragua and Cuba are also unfortunate examples. There is a reason people want to leave their home countries for a better life. Yet, there are no checks and balances. Every border state has said they’ve been overrun and overpowered by the huge influx of migrants.

An Afghan terrorist on the FBI’s wanted list was recently caught trying to cross the border near San Diego. Do people think this man was alone? On the days leading up to the end of Title 42, 30% of apprehended migrants escaped border custody. These are merely the people who were caught. Chairman Mark Green, R-Tenn. Admitted “we have no idea who is entering this country and being released into the U.S. interior.” Green commented that it is “chilling” to think of the 1.4 million migrants who already evaded Border Patrol under Biden before Title 42 ended.

The US has been compromised. The border is wide open and those who wish to come in without respecting the nation’s asylum laws may do so with little pushback. Our nation is already facing a housing shortage crisis, and cities with leaders who claimed to be refugee friendly are desperately trying to find a way to house and feed all of these people who cannot legally work in America. The problem is going to worsen in the coming weeks once cities realize what they have done by ignoring America’s border and permitting an invasion.

May 17 2023

Supply Chain Crisis and Inflation


Armstrong Economics Blog/Inflation Re-Posted May 17, 2023 by Martin Armstrong

COMMENT: Hello Mr. Armstrong. Thank you for my daily dose of reality. Your blog is one of the last sources of untainted news. I would like to show these pictures my daughter sent me last week. We live in an affluent neighborhood in New Jersey where petty theft does not occur. The news outlets have not mentioned baby formula shortages. I do not believe they are locking up the baby formula to prevent crime. What is going on here?

Thanks — C.G.

REPLY: The supply chain issue has never been resolved. It improved from the days of bare shelves in the grocery stores, but many essentials are stuck in the pipeline. Products that expire will see additional shortages naturally. The supply shortage is fueling inflation and raising rates will not solve the problem.

The Fed thinks that raising rates will curb inflation by raising the cost of borrowing. That is not the problem here. Part of the inflationary crisis we are witnessing is due to demand outweighing available supply across industries. The Fed cannot control government spending nor the money supply. People are viewing the crisis today from the perspective of the ‘60s when it was NOT possible to borrow on T bills. After the collapse of Bretton Woods in ’71, you COULD trade off government debt and that eliminated the idea that it was less inflationary to borrow rather than spend. Artificially low rates that created a borrowing addiction among institutions who believed it was safe to do so.

Powell cannot come out and criticize Congress for their spending. These rate hikes are not good for the supply chain shortages. Inflation went up two years before the Fed even addressed rates due to the supply chain crisis. The central bank only began to hike rates after the war in Ukraine began. Notice how at the last meeting, the FOMC incorporated that they will monitor “international events.” WAR is the primary driver of inflation and there is nothing that the central bank can do to prevent the destruction caused by government and years of poor monetary policy.

May 16 2023

Zelensky: Ukraine Will Win War before 2024 US Elections


Armstrong Economics Blog/War Re-Posted May 16, 2023 by Martin Armstrong

I have said it countless times – the only way they will keep Biden in power is to enter the war. The US and all NATO nations have already unofficially entered the war by supplying soldiers and a blank check to Ukraine and attempting to nuke Russia’s economy by removing it from SWIFT and placing outrageous sanctions on individual citizens. Now, Zelensky is saying he believes Ukraine will achieve victory before the 2024 US Presidential Elections.

No one is going to “win” this war. Neither side can back down now without a full-scale global conflict. The US will likely officially enter the war before the 2024 US Presidential Election. Zelensky confidently stated that regardless of who wins our independent election, the leader of the free world (allegedly) will still support the war in Ukraine. He’s right! There are neocons on both sides of the aisle and no one will permit Trump to win even if the people elect him.

During Trump’s town hall meeting, the first-time people actually tuned in to CNN, he said that deaths on both sides could have been prevented. Everyone is talking about strategy and winning as if we are playing Battleship. Mothers are losing their sons every day, and human nature never changes. The Ukrainian mother mourns her son the same as the Russian mother, and neither had a say in this completely preventable conflict. DeSantis has also said that backing Ukraine is not a priority for the US. “We cannot prioritize intervention in an escalating foreign war over the defense of our own homeland,” DeSantis declared.

Trump ruffled feathers in Europe as president. He warned Germany that they were too dependent on Russian energy, and they laughed in his face. He threatened to exit NATO is other nations failed to pay their fair share. Trump is still standing firm on his position that the US has less to lose and has accused Europe on unfairly relying on the US. His former vice president disagrees, as Mike Pence, a potential candidate, as stated. “We support those who fight our enemies on their shores, so we will not have to fight them ourselves,” wrote Pence. UN Ambassador (the title gives it away) Nikki Haley also wants to continue fighting the proxy war in the US.

Democratic candidate Robert F. Kennedy is also against the war. Kennedy tweeted:

“In 2019 actor and comedian Volodymyr Zelensky ran as the peace candidate winning the Ukrainian presidency with 70% of the vote. As Benjamin Abelow observes in his brilliant book, “How the West Brought War to Ukraine,” Zelensky almost certainly could have avoided the 2022 war with Russia simply by uttering five words — “I will not join NATO.” But pressured by NeoCons in the Biden White House, and by violent fascist elements within the Ukrainian government, Zelensky integrated his army with NATO’s and allowed the U.S. to place nuclear-capable Aegis missile launchers along Ukraine’s 1,200-mile border with Russia. These were provocations that senior U.S. diplomats like post-WWII foreign policy architect George Kennan, former U.S. Defense Secretary Bill Perry, and former U.S. ambassador to Moscow Jack Matlock had long described as “red lines” for Russian leadership. Let’s face it, the Neocons wanted this war with Russia, just as they wanted war with Iraq. Listen here to NATO Supreme Commander General Wesley Clark describe how White House Neocons justified the Iraq invasion.”

I have posted the video he shared with this tweet at the top of this article. I have been criticized for analyzing Kennedy’s economic and environmentalist views, but I am not for or against anyone and would not write someone off simply because of their political party. I believe he is right in his views regarding Ukraine and COVID, although I may disagree with him on other items. Again, anyone against the establishment is going to have a rough time leading up to the election.

Everyone in the establishment craves war; hence, the machine will ensure that the US is positioned where they MUST enter the war. I wish I were wrong, but the computer has always been right. The War Cycle turned up in 2014 and only indicates a further escalation.

May 16 2023

Pasta Prices Soar 20% in Italy – The Return of the Pasta Cartel?


Armstrong Economics Blog/Inflation Re-Posted May 16, 2023 by Martin Armstrong

(image above represents shrinkflation — an additional burden to consumers)

Italy’s Industry Minister Adolfo Urso called for an emergency meeting to discuss the sharp uptick in food prices. Pasta alone is up nearly 20%, and this is a major problem in a country where 60% of residents report eating this item daily. Some provinces are seeing a 58% increase in this staple item. Siena, Tuscany, reported pasta rising from $1.50 a kilo to $2.37 a kilo within in a year. The European Central Bank stated that inflation reached 8.1% in March, so what is driving these food prices?

Some may point to wheat, the main ingredient, as the recent usurping of farmland and the Ukraine war had an impact on prices. However, wheat prices have actually declined in recent months. Durum wheat is down 30% since May of last year. The only other ingredient required to make pasta is water.

Coldiretti, Italy’s biggest farmers association, said that farmers are not seeing an uptick in revenue and are struggling to make ends meet. “There is no justification for the increases other than pure speculation on the part of the large food groups who also want to supplement their budgets with extra profits,” Assoutenti president Furio Truzzi told the Washington Post. Yet, food manufacturers are claiming that this spike in pasta costs in temporary and a result of pasta produced during the beginning of the Ukraine war and energy crisis.

This is not the first time that Italy has seen a rise in food prices. Italian authorities raised 26 pasta manufacturers in 2009 and fined the industry 12.5 million euros for creating what Reuters described as a “pasta cartel.” Around 90% of pasta makers in the country were in on the price gouging scheme that operated from May 2006 until May 2008, during which pasta prices rose 51.8% for retailers and 26% for consumers. Barilla, the largest pasta producer at the time, received the largest fine of 5.7 million euros.

Food inflation is a major problem across the world. In Italy, overall food prices rose 12.6% in April 2023, marking a slight decline from March’s 13.2% reading. This is unsustainably high. The overall inflation numbers put forth by government agencies are always the best-case scenario as they do not want us to see the true damage of inflation.

May 16 2023

Devin Nunes Gives His First Assessment of Durham Report


May 15, 2023 | Sundance 

Appearing on Newsmax, former Republican Chairman of the House Permanent Select Committee on Intelligence (HPSCI), Devin Nunes, gives his first assessment of the Durham report as it was released mid-day Monday. {Direct Rumble Link}

Devin Nunes was one of the first people in congress to realize the FBI, DOJ and Obama-era intelligence community were conducting full surveillance of candidate Donald Trump in 2016.  Nunes statements in March 2017 preceded the counter offensive narrative launched by Senator Mark Warner in collaboration with then FBI Director James Comey. WATCH:

House Judiciary Committee Chairman Jim Jordan has reportedly invited John Durham to testify before the committee May 25th.

May 16 2023

Biden Nominates First Hispanic Woman to Fed Board – Who is She?


Armstrong Economics Blog/Central Banks Re-Posted May 16, 2023 by Martin Armstrong

The headlines praise Biden for nominating the first Latina woman to the Federal Reserve’s board. None of the current headlines list her qualifications, which is a given since this administration favors diversity over experience. I, for one, would like to know more about the people being placed in positions of power since their nationality has no relation to their responsibilities. Yet Sen. Robert Menendez (D, NJ) continually criticized the Fed for not having any Latino members. Let us look into Adriana Kugler, who may become very influential in the financial world.

Kugler, 53, was an executive director for the World Bank. She earned a Bachelor of Arts from McGill University in 1991, graduating with first-class honors in economics and political science. She was awarded her Ph.D. in Economics by the University of California at Berkeley in 1997. She worked as the chief economist for the Labor Department under Obama from September 2011 to January 2013 as well.

A recent article from the Wall Street Journal actually shines some light on Kugler and her policies. The picture they used of her was taken at a World Economic Forum event. She fought for the US government to provide families with $26,400 in funding during the pandemic and proposed three separate pilot programs to raise unemployment benefits. “For every one dollar that we put into the pockets of the unemployed working Americans, two dollars ripple throughout the economy, and it’s actually a win-win—it helps everybody,” she said. Well, that line is troublesome for obvious reasons since inflation should be the top priority for the Fed.

She is a proponent of closing the wage gap and eliminating income inequality. She penned an article about “income redistribution in the form of tax and transfer programs” to offer social insurance for the poor.

“Income redistribution in the form of tax and transfer programs provide social insurance and protection against many types of risks over a person’s lifetime and over his or her career that are not always provided through private insurance. Thus, social insurance in the form of transfer programs—such as the Temporary Assistance for Needy Families, or TANF, program; Medicaid; the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps; and the Special Supplemental Nutrition Program for Women, Infants, and Children, more commonly referred to as WIC—allows individuals to make decisions that involve higher risk, while at the same time affording them greater mobility than they would otherwise undertake.”

She argues that America needs a “more progressive tax system” in addition to “transfer programs” to redistribute wealth. “[P]rogressive taxation and transfer to the poor is not only the right thing to do; it is the smart thing to do,” the new Fed appointee stated.

The World Bank executive is also a big proponent of open immigration policies and climate change initiatives. “It is the biggest existential threat of our time, and I do believe that we need domestic action to go hand in hand with global leadership on climate change,” she claimed.

Biden has also elevated Philip Jefferson to be the Fed’s vice chair, making him the #2 guy at the Federal Reserve.

The Federal Reserve is intended to be separate from the government, but Biden is installing people who openly hold partisan views regarding economics. Kugler supports Biden and the Build Back Better globalists in terms of her views on wealth redistribution, combining climate change with fiscal policy, government aid, increased social programs, and more. But hey, at least she is Hispanic and female.

May 16 2023

U.S. Virgin Islands Issues Subpoena to Elon Musk Questioning Connection to Jeffrey Epstein


May 15, 2023 | Sundance 

People have been gobsmacked by a seemingly 180° change in the ideological outlook of Twitter owner Elon Musk.  The hiring of Diversity Equity and Inclusion (DEI) czar Linda Yaccarino as CEO caught everyone by surprise. {link} A Day later he conceded a free speech position to the government of Turkey, agreeing to silence the political opposition of Recep Erdogan. {link}  Perhaps some clarity can be found in a recent Bloomberg article:

Pay attention to DATES:

(Bloomberg) Elon Musk was issued a subpoena by the US Virgin Islands in its lawsuit accusing JPMorgan Chase & Co. of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.

The US territory said in court papers it had reason to believe Epstein may have referred or attempted to refer Musk to JPMorgan as a client. Several other billionaires, including the Google co-founders Larry Page and Sergey Brin, have also been issued subpoenas by the USVI.

The USVI on Monday asked the judge overseeing the case to authorize alternative means of serving the April 28 subpoena on Musk. The territory said it made good-faith efforts to obtain an address for Musk, including hiring private investigators, but had been unable to locate one. 

[…] The USVI subpoena seeks documents reflecting communications or meetings between Musk and JPMorgan or Musk and Epstein relating to the two men’s accounts at the bank. It also seeks from Musk any documents “regarding Epstein’s involvement in human trafficking” or concerning fees the Tesla CEO paid to Epstein or JPMorgan in connection with his accounts at the bank. (more) 

On April 18, 2023, Elon Musk meets Linda Yaccarino for the first time.

April 26, Elon Musk meets Chuck ‘six-ways-to-sunday’ Schumer.
“We talked about the future,” Musk told reporters after exiting the meeting that lasted about an hour. {link}

April 28, Attorney General of USVI triggers subpoena to Musk about Epstein.

First weeks of May, USVI investigators trying to serve Epstein subpoena on Musk.

May 12, Musk hires DEI advocate Linda Yaccarino as Twitter CEO.

A curious sequence of events that preceded Musk’s recent actions.

All probably just a coincidence.

However, Suspicious Cat remains, well, suspicious…

May 16 2023

John Durham Releases 316 Page Report About FBI, DOJ, Intelligence Community and U.S. Govt Targeting Donald Trump


May 15, 2023 | Sundance 

Special Counsel John Durham has released a highly anticipated 316-page report outlining corrupt U.S. activity during the targeting of presidential candidate, president elect, and subsequent President, Donald J Trump.

[FULL REPORT pdf HERE]

I have completed my first review of the report, and suffice to say the details within it are not new.  The majority of the reaction so far has been centered around how Special Counsel Durham is not prosecuting anyone for their corrupt conduct outlined within the report.  However, for the sake of this first review, I will draw attention to a few aspects you will likely not see discussed anywhere else.

Please note this detail found at the bottom of page 3 and top two lines of page #4:

[…] “The Office exercised its judgment regarding what to investigate but did not investigate every public report of an alleged violation of law in connection with the intelligence and law enforcement activities directed at the 2016 presidential campaigns.”

As perhaps the only person who tracked down and subsequently interviewed the investigators on the Durham team, and as a person who subsequently came away with a full understanding of how the silo operation inside this investigation was going to play out, I can reasonably assure you that notation and reference by team Durham is entirely directed to us.

That statement above tells us why none of the DC politicians who engaged in specific violations of law were criminally charged. This is part of the silo effect within government, which I will explain later.  As a good friend said, “Yeah great, but we don’t have badges.”  So, we went to the badges with the evidence, but the badges did not want to act upon the evidence, because it would have been, in their estimation, too damaging to the framework of our government.

First a positive note about the report.  Unlike all other reports of similar internal investigation, I will give the Durham team credit for not using the ‘executive summary’ of the report to cloud, positively shape or disguise the corruption outlined within the body of the report.  This is the first such report where the executive summary actually summarizes the scale of the corruption within the details.

Perhaps the parting message was considered, “If you are going to whitewash this s**t [ie entire govt operation], at least be intellectually honest with the American people, and not whitewash the investigation in the ‘executive summary’ of it.”  I’m pretty sure that was the exact parting phrase.  It was after that conversation [Aug 2020] when CTH then said, do not anticipate anything from Durham.  Bill Barr was the bondo, John Durham is the spray paint.

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The “Report on Matters Related to Intelligence Activities and Investigations Arising Out of the 2016 Presidential Campaigns” is a full uncovering of just how politically corrupt the DOJ, FBI and larger Intelligence Community were/are as it relates to the 2016 election.

Team Durham, while not indicting anyone for ancillary crimes – of which there are many – does lay naked the motives and intentions of the people at the top of the FBI, DOJ, CIA and ODNI. The full weight of government was weaponized against Donald Trump and the Durham report lays out all the details.

It is the background of this report that stands as the current motive for those same institutions to remove Donald Trump in 2023. Quite simply, they fear retaliation.

[…] “If this report and the outcome of the Special Counsel’s investigation leave some with the impression that injustices or misconduct have gone unaddressed, it is not because the Office concluded that no such injustices or misconduct occurred. It is, rather, because not every injustice or transgression amounts to a criminal offense, and criminal prosecutors are tasked exclusively with investigating and prosecuting violations of U.S. criminal laws. And even where prosecutors believe a crime occurred based on all of the facts and information they have gathered, it is their duty only to bring criminal charges when the evidence that the government reasonably believes is admissible in court proves the offense beyond a reasonable doubt.” [Page #6]

Durham walks through the missing predicate that initiated the Trump-Russia investigation.  Essentially, as the Durham team noted, there was nothing ever to trigger the authority of the FBI to investigate Donald Trump or his campaign in the first place.

The Obama FBI and DOJ justified full physical and electronic surveillance of their political opposition, through false justifications manufactured by the FBI.  As Durham notes, “Our findings and conclusions regarding these and related questions are sobering.” Really, “sobering”?  Nice choice of understatement.

Everything was predicated on The Big Lie:

[…] As set forth in greater detail in Section IV.A.3 .b, before the initial receipt by FBI Headquarters of information from Australia on July 28, 2016 concerning comments reportedly made in a tavern on May 6, 2016 by George Papadopoulos, an unpaid foreign policy advisor to the Trump campaign, the government possessed no verified intelligence reflecting that Trump or the Trump campaign was involved in a conspiracy or collaborative relationship with officials of the Russian government. 

Indeed, based on the evidence gathered in the multiple exhaustive and costly federal investigations of these matters, including the instant investigation, neither U.S. law enforcement nor the Intelligence Community appears to have possessed any actual evidence of collusion in their holdings at the commencement of the Crossfire Hurricane investigation.

[…] As set forth in greater detail in Section IV, the record in this matter reflects that upon receipt of unevaluated intelligence information from Australia, the FBI swiftly opened the Crossfire Hurricane investigation. In particular, at the direction of Deputy Director Andrew McCabe, Deputy Assistant Director for Counterintelligence Peter Strzok opened Crossfire Hurricane immediately. Strzok, at a minimum, had pronounced hostile feelings toward Trump. The matter was opened as a full investigation without ever having spoken to the persons who provided the information.

Further, the FBI did so without (i) any significant review of its own intelligence databases, (ii) collection and examination of any relevant intelligence from other U.S. intelligence entities, (iii) interviews of witnesses essential to understand the raw information it had received or (iv) using any of the standard analytical tools typically employed by the FBI in evaluating raw intelligence.

Had it done so, again as set out in Sections IV.A.3.b and c, the FBI would have learned that their own experienced Russia analysts had no information about Trump being involved with Russian leadership officials, nor were others in sensitive positions at the CIA, the NSA, and the Department of State aware of such evidence concerning the subject.

In addition, FBI records prepared by Strzok in February and March 2017 show that at the time of the opening of Crossfire Hurricane, the FBI had no information in its holdings indicating that at any time during the campaign anyone in the Trump campaign had been in contact with any Russian intelligence officials.

The speed and manner in which the FBI opened and investigated Crossfire Hurricane during the presidential election season based on raw, unanalyzed, and uncorroborated intelligence also reflected a noticeable departure from how it approached prior matters involving possible attempted foreign election interference plans aimed at the Clinton campaign. [Page 10]

I’ll have more on the substance of the report, as well as share the details of others following their review.  However, in the interim, it is important to understand how the investigative silos, created by DC administrators, impact the investigative outcomes as displayed in this report.

Former FBI Director James Comey is a criminal.  Former Deputy FBI Director Andrew McCabe is a criminal. Former FBI Special Agent Peter Strzok is a criminal.  Current Senate Intelligence Committee Chairman, Senator Mark Warner, is a criminal.

Any criminal conduct that is discovered by a person who is not the direct victim of the criminal conduct does not penetrate the DC system.  Meaning, just because you can show criminal activity in Washington DC, that doesn’t mean anyone has a responsibility to investigate it.

If the criminal conduct is not identified by the investigators inside the DC system, the criminal conduct essentially does not exist – unless the evidence of criminal conduct in DC, is provided by a specific victim of the crime being reported.

There is a silo effect in place within the DC system that permits the investigative authorities to dismiss claims of institutional or administrative criminal conduct from outside entities, including ‘whistleblowers.’  The DOJ/FBI arbiters of what constitutes crime are the same DOJ/FBI arbiters in charge of protecting the institutional system.

If the DC system is threatened by the conduct of an outside entity, a crime may have been committed.  However, if an agent, operator, official or politician representing the DC system is the one threatening, there is no crime.  The justice system in DC is designed to protect itself.

Holding DC officials accountable for criminal conduct first requires the deconstruction of the silos that protect them.  Deconstructing those silos requires strategy and legislative willpower….

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