The Advisory Committee on Racial Equity


Armstrong Economics Blog/Politics Re-Posted Oct 6, 2022 by Martin Armstrong

ALL AMERICANS ARE HURTING FINANCIALLY. But the Treasury Department plans to prioritize people based on the color of their skin. Secretary of the Treasury Janet Yellen announced the first “Treasury Advisory Committee on Racial Equity.”

From the Treasury’s website:

“[T]he Committee will identify, monitor, and review aspects of the domestic economy that have directly and indirectly resulted in unfavorable conditions for communities of color. The Committee plans to address topics including but not limited to: financial inclusion, access to capital, housing stability, federal supplier diversity, and economic development.”

The 25 inaugural members are completely unqualified as many have no experience in finance. Former mayor of Philadelphia Michael Nutter will act as chairman. He was unable to manage his home city, let alone work for the Treasury. Vice chair Felicia Wong said they will make “racial equity central to the Treasury Department’s mission.” Wong has strong ties to George Soros.

Wong is part of the liberal megadonor foundation, Democracy Alliance. Wong argues that every policy has “racialized effects” and believes capitalism strengthens the patriarchy and white supremacy. Wong, the CEO of the Roosevelt Institute, penned many articles noting her radicalized view of the world with no basis in economics or logic.

“True equity means equity of outcome, and not accepting the promise of ‘opportunity’ within a system that continues to systematically exclude,” Wong wrote. “It demands redistribution of resources—especially when wealth for some has been extracted from many—and a redistribution of decision-making power.”

This is an absolute disaster as we are putting socialists in charge of a department of our Treasury. The Roosevelt Institute wants to “reimagine” capitalism and views everything as a form of racial inequality. Naturally, the Democrats are appointing this useless agency as a desperate attempt for votes. Discrimination is now legal against the majority.

Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses


Posted originally on the conservative tree house on October 5, 2022 | Sundance 

The economic data coming in the past week is in alignment with prior forecasts.  Bottom line, energy driven inflation has collapsed consumer spending, inventories climbing, vendors are cancelling orders, and this is peak season for transpacific shipping- which has now recorded the most rapid drop in history.

A single transpacific container shipment cost $19,000 in 2021, then $14,500 in 2022 as the intentional slowdown began.  Now it’s only $3,900 as entire fleets of cargo shipments are cancelled due to lack of demand by U.S. purchasers.

Folks, get ready…. because it’s not going to get better.  Prior farm costs, an outcome of energy price increases, are now reaching the supply chain. Food costs will continue increasing throughout the holiday season.

(Wall Street Journal) […] Trans-Pacific shipping rates have plummeted roughly 75% from year-ago levels. The transportation industry is grappling with weaker demand as big retailers cancel orders with vendors and step up efforts to cut inventories. FedEx Corp. recently said it would cancel flights and park cargo planes because of a sharp drop in shipping volumes. On Thursday, Nike Inc. said it was sitting on 65% more inventory in North America than a year earlier and would resort to markdowns.

[…] One response to the melting demand has been to reduce sailing trips. In September, container capacity offered by ship operators in the Pacific was down 13%, dropping the equivalent of 21 ships that can each move 8,000 containers in a single voyage, from a year earlier, according to shipping-data providers Xeneta and Sea-Intelligence.

For the two weeks starting Oct. 3, a total of about 40 scheduled sailings to the U.S. West Coast from Asia and 21 sailings to the East Coast from Asia have been scrapped, according to the data companies as well as customer advisories viewed by The Wall Street Journal. Typically at this time of year, an average of two to four sailings a week are blanked, the industry’s term for canceled sailings.

[…] “In the first week of October, one-third of previously announced capacity will be blanked and for the second week, it will be around half,” said Peter Sand, chief analyst at Xeneta. “The downturn pace in recent weeks has been very fast and it looks like carriers misread the low volumes of a nonexistent peak season.”

The period between late summer and early fall typically is the busiest time of year for the largest carriers, as retailers and other importers build inventories ahead of the holiday shopping season. (more)

All of this has to do with the intentional destruction of the oil, coal and gas industry.  Western national economic collapse is a feature of the Build Back Better agenda.  The economy will continue to be lowered until it small enough to be replaced by “climate friendly” energy resources, windmills and solar farms.

The more consumers demand to keep their standard of living, the harder the central banks will squeeze to inflict the pain.  The western leaders and their banking benefactors do not want us owning things that require energy resources.  The economic pain will continue (in western nations) until citizens acquiesce to eating bugs and sustainable algae cakes, while taking mass transportation instead of personal vehicles.

Nunes: Hard left groups working with Biden DOJ to suppress conservatives online


Devin Nunes Published originally on Rumble on October 4, 2022 

Truth Social CEO Devin Nunes discusses top medical groups’ efforts to censor their political opponents on social media and more on ‘Rob Schmitt Tonight,’ October 4, 2022.

The Dark Side of Ukraine


Armstrong Economics Blog/Ukraine Re-Posted Oct 5, 2022 by Martin Armstrong

QUESTION: You said Bucha was not a massacre by Russians but staged by the neo-Nazis. What proof do you have?

DF

ANSWER: I am glad you believe the one-sided propaganda. I know Ukraine well and its culture. I have reliable sources there. I do not reveal them for I must respect their protection. There is substantial evidence that this is typical Ukrainian propaganda. Even the US Pentagon refused to attribute this to Russia and I know NATO has videos proving this was staged. Even the Mayor posted a video on Telegram on March 31st announcing that the Russians left Bucha. He was joyful that his town had been liberated. He does not mention any corpses on the roads and terrible destruction. It was two days later when photos and videos of people lying along the road appeared and claims of hundreds of dead Ukrainians. The Neo-Nazis have been staging war crimes from the start.

There are numerous foreign soldiers who volunteered for Ukraine and then have returned shocked at the extent of the war crimes carried out by Ukrainians. You have no idea of the seething hatred of all Russian-speaking people in the Donbas or in Russia. A significant number of Ukrainians have no problem killing and torturing Russians. If you did your research, the extent of the cruelty of the Ukrainian Nazis even shocked the German Nazis. They would cut out a baby of a pregnant woman and so in a live cat. They killed countless people from Poland and the Russians as well as Jews.

They do not teach what the Ukrainian Nazis did in Ukraine because it was too horrible. One report stated:

“Some Ukrainian educators believe the Holocaust is not an appropriate topic for
teaching because in a Holocaust course a professor would need to let Ukrainian
students know that some Jews were betrayed to the Nazis by Ukrainian neighbors. In
addition, the OUN and UPA took part in the annihilation of Jews in western Ukraine,
and this knowledge can shock young Ukrainians. ” id/pg 205

At Babi Yar, during the Ukrainian Holocaust of WWII, the Ukrainian Nazis murdered 33,000 Jews in the ravine over just two days. July 11th is the day of remembrance where the Ukrainian Nazis slaughtered 100,000 Polish and to this day, Ukraine has refused to issue a formal apology. The documentation is extensive. The sheer hatred of Ukrainian Neo-Nazis is unprecedented in history. They make the German Nazis look like boy scouts.

The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.

The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:

  • Running children through with stakes
  • Cutting a person’s throat and pulling their tongue out through the hole
  • Sawing a person’s torso in half with a carpenter’s saw
  • Cutting open the belly of a woman in an advanced stage of pregnancy, removing the fetus, and replacing it with a live cat, before sewing up her abdomen.
  • Cutting open a pregnant women’s abdomen and pouring in broken glass
  • Nailing a small child to a door.

I have videos that are too horrible to show of Ukrainians torturing Russian soldiers today, nailing them to a cross, and then setting them on fire. There are numerous foreign soldiers returning who are totally disgusted by what they have witnessed in Ukraine. One reported that they simply shot all the Russian soldiers they captured. Nobody will tell the truth because as long as they hate Russia, then Russia’s enemy is the West’s friend. The Ukrainian Neo-Nazis have been the most ruthless people I have ever encountered in history. Add to that, Ukraine is the most corrupt country in Europe even declared by the IMF. In fact, they may be the most corrupt in the world.

North Korea Joins the Party


Armstrong Economics Blog/Uncategorized Re-Posted Oct 4, 2022 by Martin Armstrong

It is amazing to me that we seem to have complete idiots driving these events and they think that they can just intimidate whoever. All my sources state clearly that China and North Korea will join Russia against this climate change and authoritarian vision of a one-world government. Biden is incompetent and he just said he intends to run for a second term in 2024. Zelensky, who says whatever the Biden Administration writes on his teleprompter, that he will now only negotiate with Russia after they overthrow Putin. The theory that overthrowing dictators in the Middle East and the people will cheer us and celebrate with some ticker-tape parade has been the delusion of warmongers. They are once again doing the same thing in Russia, This time, the hardlines are not going to be as timid as Putin. My sources have NEVER been wrong!

North Korea has fired an unidentified ballistic missile over Japan demonstrating it could destroy Japan without repercussions. An escalation not seen in years prompted Tokyo to evacuate some residents as sirens blare for an airraid in the northern prefectures of Hokkaido and Aomori on Tuesday morning. Our models are showing January is a serious target in so many markets. This US attack on the Nord Stream is trying to completely undermine the economy of Russia to defeat it once and for all and the Zelensky change in demand for the overthrow of Russia is all counting on the US destroying its economy to force the people to do their work for them.

Many people have written in from around the world asking why none of this ever took place under Trump. The difference was that Trump was a businessman and he understood that only a vibrant economy will produce world peace as was the case under Rome. Onve all the provinces enjoyed free trade and the people prospered by being part of the Roman Empire which was a common marketplace, that produced the Pax Romana. The idiots we now have in power think that world peace is only accomplished by force of arms. This is a policy that is doomed and in the process, in every war, the civilian death toll is typically 10 times that of the soldiers on the battle field. Just one nuke hitting Philadelphia takes out New York City and Washington, DC.

Musk Twitter Purchase Back on Table, Unfortunately with Plan for Everything App


Posted originally on the conservative tree house on October 4, 2022 | Sundance

The only thing I can do is research and write about it.  With an even stronger degree of certainty than originally expressed, and with all of the subsequent data points falling into alignment with the initial suspicions, the background of Jack’s Magic Coffee shop remains unchanged. {Go Deep}

Six weeks ago, the Twitter security ‘whistleblower’ came forward to congress.  The whistleblower is a former technology expert who came from within the research farm of DARPA, the Defense Advanced Research Projects Agency.  Peiter “Mudge” Zatko, is a well-known cybersecurity expert who left government work, entered the public world, and eventually became the head of Twitter security, reporting directly to the CEO. {Go Deep}

According to a recent SEC filing [LINK HERE], Elon Musk is now back to supporting the purchase of Twitter as the first step in creating the “everything app.”

{{{sarcastic voice}}} Gee, what could this be about?  I mean what could go wrong?….  We already know the infrastructure of Twitter’s operational database is tied into portals with the Dept of Homeland security {citation}, and now Musk wants to use that central infrastructure to create an all-inclusive “everything app”?

The bigger risk to the surveillance state is discovery that Twitter and the U.S. intelligence community are in a public-private partnership. The Dept of Homeland Security has access by design, not flaw.  How the stakeholder media are reporting on the issue shows the nature of the risk, (emphasis mine):

[…] The scathing disclosure, which totals around 200 pages, including supporting exhibits — was sent last month to a number of US government agencies and congressional committees, including the Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice. The existence and details of the disclosure have not previously been reported. CNN obtained a copy of the disclosure from a senior Democratic aide on Capitol Hill. The SEC, DOJ and FTC declined to comment; the Senate Intelligence Committee, which received a copy of the report, is taking the disclosure seriously and is setting a meeting to discuss the allegations, according to Rachel Cohen, a committee spokesperson. (link)

How would it damage the U.S. government if previous claims about the Chinese government having access to all user data on TikTok, are shown to be exactly identical to the U.S. government having access to all user data on Twitter?

Let that question settle in for a few moments, because that is exactly what I have been alleging since, well, 2011, when the U.S. State Dept first collaborated with Twitter in a joint public-private partnership to use the platform as a communication tool exploiting the Arab Spring uprising in Egypt, Libya and beyond.

The issue of Jack’s Magic Coffee Shop is an issue of financial viability.  The business model of Twitter just doesn’t exist as a free social media discussion platform while running the ultra-expensive data processing system needed for millions of simultaneous users.  A global chat that requires exponential database responses as an outcome of simultaneous users is just ridiculously expensive. {Go Deep} However, if the computing system and massive database were being subsidized by the U.S. government, then the viability of the ‘free coffee‘ business model makes sense.

“Cloud computing is one of the core components of the strategy to help the IC discover, access and share critical information in an era of seemingly infinite data.” … “A test scenario described by GAO in its June 2013 bid protest opinion suggests the CIA sought to compare how the solutions presented by IBM and Amazon Web Services (AWS) could crunch massive data sets, commonly referred to as big data.” … “Solutions had to provide a “hosting environment for applications which process vast amounts of information in parallel on large clusters (thousands of nodes) of commodity hardware” using a platform called MapReduce. Through MapReduce, clusters were provisioned for computation and segmentation. Test runs assumed clusters were large enough to process 100 terabytes of raw input data. AWS’ solution received superior marks from CIA procurement officials”… (MORE)

♦ Legal Stuff – The issue of American citizen privacy and U.S. constitutional limits against the government listening in on communication is functionally obsolescent.  The Foreign Intelligence Surveillance Act (FISA) prohibits communication intercepts on U.S. citizens without a valid search warrant.  However, if a U.S. citizen is engaged in a conversation with a foreign person, all privacy restrictions are essentially gone. [Insert example of Michael Flynn taking to Russian Ambassador Sergey Kislyak here]

Your phone calls can be intercepted by the government from the foreign side of the call.  The govt can freely monitor the calls that involve foreign actors.  The only rule is that your privacy must be maintained. If the foreign actor is in communication with a U.S. citizen, the U.S. citizen must be “minimized” or not identified in any intercept.

However, what happens when the phone call is on a community line that is connected, and visible, to the entire world?   That’s the benefit of social media monitoring from a surveillance perspective. It is from that opaque and unresolved archaic legal perspective that surveillance authority of social media platforms, by the U.S. intelligence community, exists.   Now you see why the SSCI is taking an interest in the Twitter whistleblower, classic risk mitigation.

Hopefully, you can also see why the 200-page whistleblower document was leaked, by a Democrat staffer, to the Washington Post and CNN.

CNN defends the equity interests of the U.S. State Dept., and WaPo defend the Intelligence Community (CIA, DHS, etc).

Within the narrative as constructed you will note, “Zatko further alleges that Twitter’s leadership has misled its own board and government regulators about its security vulnerabilities, including some that could allegedly open the door to foreign spying or manipulation, hacking and disinformation campaigns.”

If the relationship between Twitter and the U.S. intelligence community is a public-private partnership, why would Twitter want to shut down the portals given to the Dept of Homeland Security?

Answer, they wouldn’t… Ergo the response from Twitter to the whistleblower complaint is (emphasis mine), “What we’ve seen so far is a false narrative about Twitter and our privacy and data security practices that is riddled with inconsistencies and inaccuracies and lacks important context.

Put another way, the “lacks important context” is the nature of the security risk, which is structural to the relationship between the intelligence community and the platform.  See how that works?

The integration between Twitter and the United States Intelligence Community has been hiding in plain sight:

July 26, 2021, (Reuters) – A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook (FB.O) and Microsoft (MSFT.O) is significantly expanding the types of extremist content shared between firms in a key database, aiming to crack down on material from white supremacists and far-right militias, the group told Reuters.

Until now, the Global Internet Forum to Counter Terrorism’s (GIFCT) database has focused on videos and images from terrorist groups on a United Nations list and so has largely consisted of content from Islamist extremist organizations such as Islamic State, al Qaeda and the Taliban.

Over the next few months, the group will add attacker manifestos – often shared by sympathizers after white supremacist violence – and other publications and links flagged by U.N. initiative Tech Against Terrorism. It will use lists from intelligence-sharing group Five Eyes, adding URLs and PDFs from more groups, including the Proud Boys, the Three Percenters and neo-Nazis.

The firms, which include Twitter (TWTR.N) and Alphabet Inc’s (GOOGL.O) YouTube, share “hashes,” unique numerical representations of original pieces of content that have been removed from their services. Other platforms use these to identify the same content on their own sites in order to review or remove it. (more)

A shared hashing protocol is a form of data system integration.  The databases of the identified social media platforms are integrated with the U.S. intelligence system.

…. And now Musk wants to integrate an “everything app”?

Follow the bouncing ball and you enter the world of the comprehensive surveillance state.   But if you don’t do anything wrong, you’ve got nothing to fear right?  Insert example of non-vaccinated repercussions, Canadian truckers and Dutch farmers here.  Then add a digital identity, digital currency, energy resource apportionment and social equity.  Where do you end up?

All I can do is research and write about it.

Even the influential members of the ‘Rebel Alliance‘ used to think I was crazy….  Not any longer.

.

.

….Me Right Now

BREAKING: KANYE WEST IS WHITE & JOE BIDEN IS PUERTO RICAN! | Louder with Crowder


Steven Crowder Published originally on Rumble on October 4, 2022

Kanye says white lives matter, Joe Biden is Puerto Rican, and you’re a homophobe if you don’t want to see a gay sex comedy. We’ll make sense of all of it! We also check in to see how crime is going in NYC only to discover the “Green Goblin Gang.” #whitelivesmatter #kanye #bros

Germany Hits Record Population Growth


Armstrong Economics Blog/Germany Re-Posted Oct 4, 2022 by Martin Armstrong

There are now 84 million people living in Germany, according to the German Federal Statistical Office. This has nothing to do with the birth rate, which is on the decline. Instead, the number of Ukrainians seeking refuge in Germany caused the population to grow by 750,000 this year.

The population in Germany grew by 0.1% or 82,000 in 2021. In 2022, the population has already increased by 1% or 843,000 people. Germany has not experienced such a large influx of refugees since 2015 when Angela Merkle welcomed all Syrians into Germany. Nearly one million people entered Germany in 2015, mostly fleeing war in the Middle East. It proved to be a disaster as Germany did not have the means to care for all the new arrivals, and the cultures did not integrate well.

Germany is not likely to see as strong of an influx since other European nations are opening their borders to Ukrainians. Poland has already permitted 6.56 million Ukrainians to enter their borders. Yet, Poland has reported that tens of thousands of Ukrainians who fled are now returning. Those returning are likely men who want to fight. Germany reported that most of their new refugees are women (501,000) as well.

The culture integration is easier compared to the 2015 refugee crisis, but do these European nations have the infrastructure and financial means to support so many additional people? Those who fled Syria had nothing to return to as their nation did not receive endless funds from the West. On the other hand, Ukrainians who fled likely plan to return once the war is over. The question becomes when can I return as everything indicates that this war is only getting started.