70% of 10-Year-Olds Cannot Read After Lockdowns


Armstrong Economics Blog/Corruption Re-Posted Jul 14, 2022 by Martin Armstrong

Children suffered the worst long-term consequences of the lockdowns. “The State of Global Learning Poverty: 2022 Update,” found that an alarming 70% of middle and lower-class 10-year-olds across the globe cannot read. There is no greater freedom than knowledge, and reading comprehension is essential to our modern-day existence. “Only the richer segments of the population—those with broadband connectivity, access to devices for the use of each family member, a place to study, availability of books and learning material, and a conducive home environment, among other conditions—were able to maintain a reasonable level of education engagement,” the study cited. We are now in the midst of an education crisis where children have fallen perhaps too far behind to catch up with their peers.

Latin America, the Caribbean, and South Asia saw the most notable declines in learning as schools there completely closed and many did not have access to online education. Sadly, many of the organizations that pushed for the lockdowns and school closures, such as the Bill & Melinda Gates Foundation, would like to step in to help re-educate these children. They will try to reshape an entire generation of vulnerable children as they see fit. “Fighting this learning crisis is the challenge of our times if we do not want to lose this generation of children and youth,” the report said.

“COVID-19 has devastated learning around the world, dramatically increasing the number of children living in Learning Poverty,” said Jaime Saavedra, Global Director for Education at the World Bank. “With 7 in 10 of today’s 10-year-olds in low- and middle-income countries now unable to read a simple text, political leaders and society must swiftly move to recover this generation’s future by ensuring learning recovery strategies and investments.” They are calling this phenomenon “learning poverty,” but the issue was not based on class. This drastic decline in reading comprehension is a direct result of lockdowns and school closures.

The report tries to claim that “learning poverty” was prevalent before the lockdown, but there is no denying that allowing children to miss 273 days of school in certain areas of the world caused this problem. The report says learning poverty violates children’s right to education, but the lockdowns and tyrannical crackdown on a largely unlethal virus harmed ALL children across the globe.

So now, children risk losing $21 trillion in lifetime earnings, equivalent to 17% of global GDP. Our model has been targeting 2030 for many years as a major turning point. Unsurprisingly, this report claims that if we follow the guidance of the same agencies who forced school closures, we can attain a newly indoctrinated, I mean educated, population by 2030.

Biden on Crack and Mass Incarceration


Armstrong Economics Blog/Corruption Re-Posted Jul 14, 2022 by Martin Armstrong

As if we needed more proof that the elites are beyond the law — disgraceful. Listen to the words coming out of Joe Biden’s mouth juxtaposed to a video of his son weighing crack cocaine in a filthy hotel. The sweet “Uncle Joe” image that Obama created for this man is a lie. As senator of Delaware, Joe Biden implemented strict laws to punish drug addicts, specifically those addicted to crack cocaine. He did this to target African American communities where crack was more prevalent due to a three-letter agencies’ involvement (a post for another time, perhaps).

Biden championed the 100-to-1 crack/powder disparity where those in possession of crack would receive 100 times the penalties for carrying the same amount of powder cocaine. He is the man responsible for the US creating the role of “drug czar,” as he championed being tough on crime throughout his career until he reached the White House.

Biden opened the doorway for civil asset forfeiture in the Comprehensive Crime Control Act of 1984, which gave the government permission to seize the assets of anyone suspected of drug trafficking. Similar to conspiracy, no actual crime needed to be committed.

A report from the American Civil Liberties Union, “Cracks in the System,” found that the 100-to-1 rule disproportionally targeted African Americans and contributed to mass incarceration:

“In 1986, before the enactment of federal mandatory minimum sentencing for crack cocaine offenses, the average federal drug sentence for African Americans was 11% higher than for whites. Four years later, the average federal drug sentence for African Americans was 49% higher.”

Those with minor possession of crack cocaine, much smaller than anything his son has purchased, faced numerous years behind bars without a fair trial and were treated as criminals rather than addicts with a physical and mental health problem. The media wants us to sympathize with Hunter Biden for his rough past, but no one sympathized with the countless people locked away under “Pedo Pete’s” laws. Biden was also responsible for helping Bill Clinton pass the 1994 Violent Crime Control and Law Enforcement Act, which encouraged the death penalty for suspected traffickers and banned certain people from legally possessing weapons. The law most famously included the “three-strike” rule that locked people away for life after three offenses. Bill Clinton later apologized for that ruling, but Joe Biden did not.

What changed Biden’s mind? He has recently come out to decry the harsh rules he implemented and is notoriously light on crime. Well, his daughter Ashley was arrested for marijuana possession in 1998 in Louisiana. Ashley was never convicted of a crime, and her father went on to claim in an ABC interview as far as 2010 that marijuana was a gateway drug. “I still believe it’s a gateway drug. I’ve spent a lot of my life as chairman of the Judiciary Committee dealing with this. I think it would be a mistake to legalize,” then Vice President Joe Biden said.  Let us not forget that he ran campaign ads before the US 2020 Presidential Election to repeal any marijuana-related restrictions that “unfairly targeted minorities.”

Biden is one of the most hypocritical politicians in modern history. He went from championing destroying already ruined lives with unforgiving laws to spending US taxpayers’ dollars on providing addicts with free drug paraphernalia. He defunded police agencies at a time when the opiate epidemic was killing more young lives than ever before. Under the very laws he created, he technically helped his son purchase crack and, therefore, should be investigated, albeit this only scratches the surface of the crimes he has committed through his son.

Hunter Biden and the entire Biden crime family are blatantly above the law. Crack smoking is one of the least offensive activities exposed in Hunter’s laptop from hell. He will never be investigated, and Biden will never feel sorry for the countless lives he has ruined.

NYT Democrat Voter Poll Shows Base Do Not Want Biden Reelected, Biden Leaves Town and California Governor Gavin Newsom Shows up at the White House


Posted originally on the conservative tree house on July 13, 2022 | Sundance 

Democrats are historically known for the optics of their politics.  With that in mind, is it coincidental that California Governor Gavin Newsom, one of the leading people that leftists want to see run in 2024, shows up to tour the White House the day after Joe Biden leaves town?

Considering the recent article from the New York Times outlining how most democrats do not want to see Joe Biden run for reelection, the timing seems rather conspicuous. {Direct Rumble LinkWATCH:

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Gavin Newsom is turning California into Somalia, so it would make sense for him to be the next one in line to continue the chaos.

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(Discussion Poll pdf Here)

The Pretending Continues, Furrowed Brow Edition


Posted originally on the conservative tree house on July 13, 2022 | Sundance

The professionally furrowed brows are forced to admit high prices remain problematic for the proles while retaining the sympathetic pretense.  WATCH:

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Comrade rebels, when things get spicy, I’ve got dibbs on his swimming pool.

World Bank: The Poor Will Suffer From Carbon Taxes


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

The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year.

“This incentivizes companies to clean up for themselves,” the WEF reported. In the midst of an extreme energy crisis, punishing energy suppliers will undoubtedly backfire. These costs will be passed along to the already struggling consumer. Even the World Bank admitted that the poor will suffer from the carbon tax.

The World Bank stated on its blog:

“There are good reasons why governments may not want to use carbon taxes, and one of them relates to their welfare impacts. For example, a carbon tax on fossil fuels is often regressive in its impact- hurting poorer people relatively more than richer ones. Even when it might be progressive, poorer people still suffer a welfare loss when prices rise, making their consumption basket more expensive.”

Furthermore, they admitted that the carbon tax “aims to restructure economies by raising the cost of a critical resource – the juice that makes it run.” Precisely. We NEED fossil fuels right now, there is no other viable alternative available to provide energy to the world. Since nations have succumbed to the climate change agenda, they have lost their energy-independent status. Europe shot itself in the foot by eliminating any diplomatic relations with their number one supplier of gas for a country that they did not acknowledge prior to February 2022.

Other nations with the ability will drill and sell oil to those under WEF leadership at a premium. India is already buying Russian oil at a discount, refining it, and selling it to the US for a premium. This is more than just bad business as it is a clear attempt to cut off a “critical resource” to “restructure economies” as seen fit by the WEF.

400,000 Chinese Lose Their Life Savings Instantly


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

Officers in plain clothes disrupted a peaceful protest outside the capital of Henan, as seen in the video above. Depositors were protesting to demand that their savings be returned as thousands have been unable to access their money for over a month. Banks in Henan first froze client assets, and then the Chinese government changed the victims’ COVID QR passes to red to deny them the freedom of movement. The most recent protest was among the largest seen in China since the pandemic began.

Over $6 billion (39 billion yuan) is missing. A reported 400,000 people have been affected. Imagine going to the bank only to realize that your entire life’s savings were gone instantly? You worked hard, saved, and did everything right for years or decades, only to have it all abruptly taken away. Even the most ruthless government is in trouble when the people have nothing left to lose. Imagine if the Chinese were permitted to own guns? There would be uncontrolled civil unrest.

So where is the money? Chances are that the banks do not have the liquidity to pay out all of the depositors. Instead of cracking down on the banks, the government is coming after innocent people. Officers in plain clothes attacked protestors, including the elderly and women, and civilians were left wondering why their own people would attack them when they were clearly the victims. Governments are completely ruthless and DO NOT CARE ABOUT THE PEOPLE.

Tucker Carlson Outlines How Joe Biden is Implementing the Green New Deal Energy Program and Killing the U.S. Economy, and Standard of Living, in The Process


Posted originally on the conservative tree house on July 13, 2022 | Sundance

During an extensive opening monologue on Tuesday evening, Fox News host Tucker Carlson walked through the origin of the modern American push for a transformation in the U.S. energy system; as outlined in the Green New Deal advocacy of Alexandria Ocasio-Cortez, and how Joe Biden is implementing the agenda by executive fiat.

The Green New Deal is domestically to the U.S. as the Build Back Better agenda is to the rest of the western nations who follow the instructions from the World Economic Forum. Collectively the economies of western government are starting to collapse as the underlying energy policies (climate change) are being implemented.

Carlson walks through several examples of countries who have tried and failed to switch from oil, gas and coal to the “green renewable” energy programs. Everything from farming to home heating is now under attack by the governmental energy policies of western nations.  Civil society is starting to collapse in according to the schedule of the nations who have tried to transition.  Perhaps the worst part about it, is that western politicians -like Joe Biden- do not care how much damage is done, they are doing it anyway. WATCH:

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Something has to change, and soon.  As a nation we are going to self-destruct if we do not stop this mad effort to use windmills and solar energy as alternative power sources to oil, coal and natural gas.  Already there are signs that states like Texas are bordering on an energy crisis because there is not enough wind to power their windmills.

From the complete restructuring of farming under the guise of climate change (the intentional shift to eating bugs and lab-grown meat), to the complete collapse of stable energy as a result of chasing climate change goals, we are fast approaching the point of no easy return.

We are not going to like the civil unrest and national instability that comes along with public desperation.

Eva Vlaardingerbroek Summarizes all the Merging Food, Energy and Farming Issues with Stark Advice to Americans


Posted originally on the conservative tree house on July 12, 2022 | Sundance 

Eva Vlaardingerbroek is a GB News correspondent and conservative voice from Holland.  In this interview segment with NTDNews Ms. Vlaardingerbroek outlines what is happening in the Netherlands with the Dutch farm protests and how it connects to the larger Agenda 2030 goals.

In the last 20 seconds of the segment, Vlaardingerbroek has some solid advice for Americans.  WATCH (2 mins):

To really get a strong reference point for how the global ruling elites at the World Economic Forum think about farming and climate change, which includes the brain trust at the World Health Organization, I would urge you to read THIS ARTICLE from the Irish Farmers Journal.

When I first read this article about Irish farming -mostly referencing government policy- what stood out to me more than anything was the open hubris and arrogance in the mindset of the people cited.

They openly say the goal of the fundamental change in the global food system is to control what people eat, allocate specific amounts of calories according to the goals of the climate change officials, and completely take over the way farming is done.

The article is written from a sympathetic standpoint of how government needs to help farmers transition away from their agricultural world as they lose their farm operations. The openly communist outlook is really quite remarkable.

“Significant food system change is needed to address food security and climate challenges, but it risks decimating farm incomes. Policy analyst Anne Finnegan examines a new OECD FAO report.” ~ READ HERE

Neil Oliver Analyzes the Global Uprisings that are Rejecting the Build Back Better Agenda


Posted originally on the conservative tree house on July 12, 2022 | Sundance

Appearing on GBNews with Dan Wootton, UK commentator Neil Oliver discusses and connects the Sri Lanka protests, the uprising in the Netherlands, and the aligned protests in Poland, Italy, Germany and much of the European continent.

As Oliver notes the pretorian guards for western politicians, aka the ‘western media’, are doing everything they can to ignore the global scale of the popular uprisings that are directly connected to the globalist agenda of the World Economic Forum and their Build Back Better orders to the western politicians.  The media ignore the issue until it reaches a point like Sri Lanka where it can no longer be ignored.  WATCH:

The Canadian trucker protests were targeted by Canadian Prime Minister Justin Trudeau in an effort to quickly stop the spread of any opposition to the globalist agenda. However, in the Netherlands the Dutch farmers have several distinct advantages in their ability to impact the life of ordinary Dutch people, as they refuse to become victims to the new global feudalism.

Like Sri Lanka, the Netherlands is a case study in raw people power, where the government is represented by a select few people.  The only thing keeping the Dutch from storming the politicians’ palaces and government buildings is a preference for polite society.  If that preference changes, and it might as people get more desperate, well, katy-bar the door.

Sri Lanka (top)

The Netherlands (bottom)

Both uprisings are connected to the exact same dynamic.

Rivian Electric Vehicle Manufacturer Planning Layoffs


Posted originally on the conservative tree house on July 12, 2022 

Two things about this report showing Rivian is planning layoffs for its workforce.

First, the larger ‘layoff‘ issue is going to be more prevalent as the economy contracts and consumer demand declines.  There is almost no expanded investment going into any Main Street business that sells non-essential goods.

The economic contraction, the drop in consumer demand that indicates a recession, is very real and now very easy to spot.

Second, Rivian is backed by the financing of Ford and Amazon and operates in California, Michigan and Illinois (three deep blue states).  Rivian is also the supplier for Amazon electric delivery vehicles having previously announced (in 2019) a deal to purchase 100,000 vehicles from Rivian.  Additionally, Rivian has lost 69% of its market value this year.

LA TIMES – Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, according to people familiar with the matter. […] The Irvine company, which has more than 14,000 employees, could target an overall reduction of around 5%, the people said. The layoffs are still in the planning stage, and nothing has been decided.

[…] The manufacturer is poised to join companies across corporate America pruning their operations amid growing worries about an economic downturn. Tesla is cutting 10% of its salaried workforce, while protecting manufacturing jobs, after Chief Executive Elon Musk said he sees a recession as inevitable. (read more)