The world has gone completely nuts and now even Republican Marco Rubio is drafting legislation to sanction China. Biden’s sanctions have totally destroyed the world economy, bringing globalization and world peace to an abrupt end. I have written to Marco Rubio in response to his Tweet, but I seriously doubt he will ever respond.
“I realize that the chances of this ever being answered are minus zero. I will nonetheless publish this on ArmsatronEconomics.COM. I have advised nations and I have testified before the House Ways & Means Committee. These sanctions on Russia have already destroyed the world economy ending the integrity of the SWIFT system. Sanctions have NEVER worked even one time in history and every president before Biden sought world peace where now all we see is world war III. All of this nonsense has only ensured the end of the United States as the leader of the world economy. Even SWIFT told Obama no way in 2014 would they remove Russia from the system. Now SWIFT has committed suicide and Biden has divided the world economy. This will never return to normal and your proposal to sanction China is insane. In fact, the arrogance of the United States as the policeman of the world has only led to our inevitable demise. SWIFT is no longer the foundation of the world economy and this is ending the economic status of the dollar and the United States. No nation lasts forever and just as the arrogance of Athens led to the Peloponnesian War; we too have become far too arrogant sealing our own fate out of stupidity. Sanction China and you guarantee their alternative to SWIFT and once you terminate the goodwill, then without trade, they no longer have the incentive to participate in the world economy and thus it is no longer a threat to bit the hand that feeds you.”
The European Union’s relations with China have also plunged to unprecedented new lows. The US has also floated these theories with allies in Europe to sanction China, with absolutely ZERO understanding of how the world economy even functions. World peace is established not by threats and a show or nuclear weapons. It is free trade that bound the Roman Empire together where conquered lands found it beneficial economically to be part of the Empire than on the outside, chucking spears across the border. By removing Russia from SWIFT and now threatening China with sanctions, if they dare to allow Russia to use their alternative, all I can say is the United States is doomed. Biden called Putin a war criminal, yet under this theory, President Johnson was a war criminal for the abuse of soldiers in Vietnam. There are allegations of war crimes against Americans from Afghanistan, Iraq, and Syria for starters. So is Obama also a war criminal? These sorts of allegations GUARANTEE there will be no peace — EVER!
Marco Rubio mentioned that he is mulling legislation to sanction China if it helps Moscow circumvent SWIFT sanctions. Once the trade is severed, there is no incentive to work together. The only thing that then resolves such disputes is war. We are watching India among many nations viewing the arrogance of America as a deterrent and pushing them into the arms of the alternative economy that is forming.
The US has been funding the Ukrainian Civil War because the Neocon hates Russians. They are now poking China and have the audacity to think threatening China with the same sanctions will cause them to fall to their knees and beg for forgiveness. This thinking is absolute lunacy. The American people are TIRED of endless wars. The US has been sending National Guard troops overseas. Reservists and National Guards are being sent overseas because we do not have the troops necessary. These are people who have families — not 18 years boys sent to die. These are also National Guard troops, who are NOT defending the nation, but other people.
Looking closely at the National Guard’s website informs us that it has not one but two missions. The “state mission,” which you remember from your service, is to “provide trained and disciplined forces for domestic emergencies or as otherwise required by law.” There is also a “federal mission” to “maintain properly trained and equipped units available for prompt mobilization for war, national emergency, or as otherwise needed.” We have had National Guard troops overseas in Iraq, Afghanistan, and elsewhere being called in on the basis of this federal mission yet it is questionable if that is legal without a declaration of war.
We need to be mindful that our politicians are quick to send people to die with no regard for their families left behind. There seems to be no serious thought about what is taking place, and it is all playing to the sound-bites.
Smart Investor talks to legendary cycle analyst Martin Armstrong about Corona, war and reshaping the world
Smart Investor: Mr. Armstrong, in 2015, The Forecaster, a powerful film about your life, was released. We interviewed you extensively in Smart Investor 5/2015. How have you been doing in the meantime and what are your current projects? Armstrong: I was involved in a sequel to the film that will be out later this year. Otherwise, we have expanded our services and have now launched our computer system, which is the system that the government wanted for itself. It now produces over 1,000 written reports every day all over the world without human intervention. We now use it in over 40 countries, which means we probably have the largest institutional customer base in the world.
Smart Investor 5/2015
Smart Investor: Would you briefly explain your forecasting approach to our readers again? Armstrong: In the 1980s and 1990s, I was one of the top international hedge fund managers, even being named hedge fund manager of the year for predicting the collapse of Russia, which triggered the 1998 hedge fund Long-Term Capital Management crisis. During that time, I’d watched global investment capital refocus on markets and then move on—leaving Japan in 1989, Southeast Asia in 1994, and Russia in 1998, followed by the euro. All of this was fueled by capital flows. One can follow these movements of capital and see how they cause the boom-bust cycles around the globe.
Smart Investor: The topic of Corona has kept us under its spell for more than two years. Was this turning point, or a drastic event like this, visible in your cycle model? Armstrong: Yes, I warned at our own World Economic Conference that if our model flipped in January 2020 (= year 2020.05) the market would crash. We were even able to pinpoint the exact day for the March 2020 bottom. Had an event like Corona happened during an uptrend, it would have been largely ignored. But if something like this happens while the model is turning down, then sentiment is inherently bearish. We also warned that there would be a scarcity-based commodity cycle from January 2020 to 2024.
Smart Investor: In our perception, major pandemics occur with a certain regularity. Have you thought about some kind of plague cycle and how it might continue? Armstrong: Such epidemics have always existed – but never in history have governments reacted so madly. The global lockdown has cost jobs and created bottlenecks in supply chains that will persist for several years to come. It was an absurd response that was proven wrong and caused a lot more damage. Most people know someone who got sick from COVID but didn’t die from it. Those who died would likely have died from any form of respiratory disease, such as occurs during the annual cycle of influenza. It was not a dangerous plague that killed 30% to 50% of the population like smallpox or the black plague in the 14th century.
Smart Investor: Now a new dominant event has been triggered with the hot war in Ukraine. How does this war fit into your model, specifically the war cycle? Armstrong: That too came at exactly the “right” time. Our model showed 1/16/2022. Unfortunately, instead of trying to bring peace to the world, the West has demonized Putin. The claim that Putin wanted to restore the old Soviet Union was pure propaganda. For the past 22 years he has made no attempt to restore communism, only calling Lenin himself a communist. He did not try to expand the borders but warned against NATO encroachment. In war, both sides spread propaganda, and it is always important to be objective about the claims of both sides. Putin’s invasion of Ukraine was consistent with his warnings and came four days after US Vice President Harris recommended Ukraine join NATO. That was totally irresponsible.
Smart Investor: Can you see in your models which regions or countries will suffer the most in this conflict, who will get off lightly and who will be the beneficiaries? Armstrong: On both sides there are what we call neocons, people who just hate the other side. They cannot sleep at night as long as their enemy exists. Unfortunately, the deteriorating economic outlook is a reminder that war has often served as a diversionary tactic in the past. It looks like China is allying itself with Russia. I believe the confiscation of Russian private property was a serious violation of international law. Others, too, will realize that their assets could be confiscated if their country got into a dispute with the West. This would, of course, lead to a drop in global investment. It is precisely this process that seems to have started and, according to our models, will only get much worse over the next ten years. Disputes between countries are likely to remain at this level. The arrest of individuals simply because they are Russian is reminiscent of the internment camps for Japanese in the US during World War II solely on the basis of their ethnicity. It is very detrimental to the world economy when free investment is hampered.
Smart Investor: If we understand it correctly, the cycles develop largely independently of the specific actions of individuals. It’s hard to imagine, but would an escalation have been inevitable even if the Russian President hadn’t given the order for the invasion? Armstrong: That’s right. Demonizing Putin is absurd. There have been far worse leaders in history, like Hitler or Stalin, who could kill millions of people without thinking twice. The development of things is primarily determined by the economy. Normally you don’t bite the hand that feeds you. But imposing sanctions on Russia has exactly the opposite effect: they isolate Russia and sever economic ties, leading to casualties and in turn evoking anger and retaliation. Rome survived for 1,000 years because the conquered provinces benefited from selling their products to Rome. The confiscation of Russia’s currency reserves is above all a warning to China to be very careful in its dealings with the West. For China, the exclusion of Russia from the SWIFT system only means that it is working flat out to introduce its variant of CIPS. Saudi Arabia just agreed to sell oil for yuan. These measures only guarantee that conflicts will continue to escalate and the world economy will be split in half.
Smart Investor: As investors, we try to prepare for strong cycles like these. Which asset classes or sectors should one avoid in this situation and where can one expect safety? Armstrong: Government bonds in particular are to be avoided. Governments will default and you will get nothing back. The loans from European governments from before the Second World War are now just an attractive wall decoration. When a company goes bust, its assets are sold and at least you get something back. But you can’t just run into the art museum and steal Picassos in the government. In times of war and geopolitical conflict, real assets are the best security.
Smart Investor: Gold is considered the safe haven, and Bitcoin is also perceived as such in some places. However, these two assets are also more of a thorn in the side of our governments. What do you think of the idea that the Russia argument could make life difficult for investors here in the future? Armstrong: Gold has lost its mobility – so you can’t hop on a plane and fly somewhere with a briefcase full of gold coins or bars. Cryptocurrencies are vulnerable, because without a power grid, credit cards are a thing of the past. The government is trying to switch to digital currencies and they will not allow competition so they will confiscate cryptocurrencies. The best is paper money or small denomination silver coins that are recognizable to the average person. Tin cans will also have an exchange value if there is no electricity grid.
Smart Investor: Gold and cryptocurrencies are also the main alternatives to paper money, which the war is putting additional pressure on. Will the US dollar and euro survive this? Armstrong: The US dollar will outlast the euro, but if we get into a real world war, the paper dollars could lose their value too. Europe has historically canceled its fiat money, while the US dollar has never been cancelled. Even Canada is now nullifying its currency.
Smart Investor: The Great Reset, the World Economic Forum and Prof. Dr. Klaus Schwab are making waves in Europe. During the corona pandemic, the government measures literally dismantled the medium-sized economy. What do you think of the corporations’ “Big Plan” and are the actors’ ideas compatible with the cycles? Armstrong: The Great Reset is indeed a real goal. It’s not a conspiracy theory. The three stumbling blocks along the way were Trump, Putin and Xi. They got rid of the first one, and now the propaganda has turned to demonizing Putin and Xi. They believe that if they get rid of these two leaders, they can unite the world under the United Nations. Our models have warned that authoritarianism will rise in this final decade. But they will fail. Marx succeeded only because serfdom in Russia did not end until 1861, while in Europe it only lasted until the fourteenth century. So the people owned nothing, and it was easy to confiscate the wealth of the aristocrats. Today people own their own houses, cars and save for the future. The slogan “You will have nothing and be happy” propagated by the WEF is a red herring. Governments can no longer borrow indefinitely and there will be a default. To disguise this fact, the impression is given that all debts are being forgiven and that they are doing it for you. The guaranteed basic income will be there to replace the pension funds that hold government debt today.
Smart Investor: Thank you very much for your very interesting explanations.
In stock market circles, the American Martin Armstrong (born 1949) is considered a legend. As early as the early 1980s, he correctly predicted the stock market crash of 1987 – and in the midst of the panic he predicted new highs for 1989. He also predicted the bursting of the Japanese stock bubble at the end of 1989. He made his forecasts using the “Economic Confidence Model” (ECM) he developed himself, which is based on a database on the history of coins, which Armstrong used to reconstruct the (financial) history. You can find his daily updated assessments on the blog https://armstrongeconomics.com .
To me, it is fascinating how everything dovetails in together when the computer is monitoring everything on a global scale. The projection that unemployment could reach 15% in 2020 not only came true, but it did so tied into the whole COVID scam which has provided the mechanism for government control over the population and to implement one aspect of the intended Agenda 2030 and the elimination of Democracy. But more serious than that, we still face the risk of more than 25% unemployment in the post-2024 period.
Right now, everywhere I do I see help wanted signs. Even at FedEx the other day I saw a sign help wanted. There is another aspect to this inflation and GREEN regulation that is undermining the entire world economy. We are already short over 80,000 truck drivers and then California imposing demands that Trucks must now comply with their insane regulations by January will kill off even more trucks and we can expect inflation to well exceed 20% even in their manipulated statistics.
The higher the inflation, the lower the net real wages, and this then compels small businesses to raise wages but this produces COST-PUSH inflation on top of the SHORTAGE-INFLATION and this is a lethal combination for the economy going forward. This means small businesses will decline unable to find employees and the higher the inflation, the fewer people can afford to buy. This all combines to the WORST economic outlook possible post-2024.
So stock up on that food. This is going to get much worse. With all the threats the US hurls now at China, they may think they are a Lion when they look in the mirror, but if I was China, locking down Shanghai which is the busiest port in the world will not only further wipe out trucking companies in the USA, but it will result in a further jump in inflation. So threatening sanctions against China will worsen the economy and we have already divided the world economy by ending Globalization. This is eventually the end of the United States and the dollar. Even the IMF has come out and warned this is undermining the dollar as the reserve currency.
We have the WORST possible crop of politicians in charge and they are just jumping on the bandwagon to hate Putin without ever understanding that they have dealt a permanent death blow to the world economy. Thus, our projection on unemployment may sound instance exceeding the highs of the Great Depression, but the inflation is reducing the living standards and the reduces economic activity, and that in turn results in businesses failing and jobs vanishing.
The United States has abused its position and it may think that it is a Lion, but it has been reduced to just a cat. They should pay attention to the military. The Pentagon has been trying to throw cold water on this heated invasion talk over Russia and threatening China with sanctions if they dare to help Russia is just insane. They know they are far stronger with Russia than to let Russia fall and the West would only then turn against them. There is deep concern that the USA will lose in a war with China. These politicians had better look at reality rather than the image they see in the mirror.
History repeats became human nature never changes. Although Athens was enjoying a golden age while led by Pericles, this soon came to an end and thus began the fall of Athens in 431 BC when the 27-year-long Peloponnesian War began. Athens became extremely arrogant and compelled others to donate to their treasury to protect them against another invasion by the Persians which did not happen – today’s Russia. This led to discontent and the image of Athens became tainted by arrogance.
Sparta, which was a communist society, had longed for dominance in Greece. In May of 431 BC, war broke out between Athens and Sparta. The Peloponnesian War (431–404 BC) was fought between the Delian League, which was led by Athens, and the Peloponnesian League, which was led by Sparta. Historians have traditionally divided the war into three phases. However, there were two major causes of the rise and fall of Athens. First is the conflict between the oligarchy and democracy, and its arrogance. The democracy produced many great leaders, but unfortunately, also many bad leaders. Their arrogance lived off of the past glory of the great leaders during the Persian Wars, and it led to the end of Athenian power in Greece.
The decline and fall of the United States is following the very same pages from history. It is the arrogance of the United States threatening China while attempting to destroy Russia that will be what historians write about when the dust settles.
Posted on Rumble by Tulsi Gabbard originally Published on April 13, 2022
Social media platforms serve as our virtual town squares. But if they deny us our right to free speech, our democratic republic cannot survive. John Adams said, “A Constitution of Government once changed from Freedom, can never be restored. Liberty once lost is lost forever.”
Above is a clip from “Studio 22,” a program on the Saudi government-owned television network MBC. The skit portrays US President Biden as mentally incompetent, repeatedly fumbling his words, forgetting names, and falling asleep behind the podium. Biden’s declining mental health is apparent every time that he is permitted to speak publicly. This is how other nations now view the US, as everyone sees there is a puppet at the helm. Biden makes America appear weak on the international stage.
The skit is far from a comedy sketch. Joe Biden has referred to Vice President Kamala Harris as the “First Lady,” as portrayed on the Saudi program. Recently he called Michelle Obama the former vice president and referred to Ukrainians as Iranians. Let us not forget how his “gaffe” nearly caused World War III when he declared that Putin needed to be removed from power. The White House simply retracts his statements and makes excuses for his erratic behavior.
Even with pre-scripted cards, Biden continually forgets the topic at hand and has been filmed repeatedly being redirected by his handlers at various functions. Even Secretary Psaki is jumping ship as she can no longer deflect the truth. The entire world sees the leader of the United States as a complete fool. Yet, he was allegedly the most popular presidential candidate and secured a record number of votes. The Democrats chose the wrong puppet; besides his slim margin of supporters with cognitive dissonance, no one believes that he is leading the nation.
Walgreens announced that it has begun to ration baby formula amid the supply chain crisis. The rule will go into effect for all 9,021 locations. Customers may only purchase three infant and toddler formulas per visit due to “increased demand and various supplier issues.”
Retail sales tracking company, Datasembly, reported that 29% of infant and toddler formula products were out of stock at over 11,000 stores during the week of March 13. In comparison, only 11% of those essential products were unbailable in November 2021. CBS MoneyWatch reported that certain states had seen more significant shortages, such as Minnesota, where 54% of baby formula products were unavailable. The rate is an alarming 40% in Iowa, Connecticut, Hawaii, Maryland, Rhode Island, North Dakota, South Dakota, and Texas.
The recent recall of Abbot’s Sturgis formula has made the situation worse but does not begin to contribute to the shortage. If Walgreens is experiencing this issue, other major chains will soon follow suit. Although selling actual breast milk is not illegal, the practice is not very regulated and often unsafe. Still, human milk banks are growing in popularity. There will be a revolt if mothers are unable to feed their babies. It is absurd for anyone to deny the supply chain CRISIS at this stage.
Armstrong Economics Blog/Climate Re-Posted Apr 14, 2022 by Martin Armstrong
The supply chain issues across the world are continually worsening due to government mismanagement. It seems as if there are sinister intentions at play, as these new restrictions seem to be a deliberate attempt to destroy the global economy.
California’s far-left politicians only implement laws to hurt the people. The California Air Resources Board (CARB) recently revised its Air Resources Board Truck and Bus Regulation:
“The Air Resources Board (ARB) Truck and Bus Regulation requires diesel trucks and buses that operate in California to be upgraded to reduce emissions. By January 1, 2023, nearly all trucks and buses will need to have 2010 model year engines or equivalent. Compliance requirements are currently in effect.”
CARB continues to deny that removing 17% of the trucking fleet will impact the supply chain crisis. “There is simply no evidence to support any claim that the current supply chain issues have any connection to the state’s effort to clean up California’s trucks emissions,” a representative stated.
Trucking companies are pleading for this ruling to be repealed as they simply cannot afford new trucks. Small trucking companies will go under.
Peter Navarro, former manufacturing adviser to former President Donald Trump, called the situation “Woke microeconomics.” Reducing fossil fuels with no other alternative available seems appealing to the far-left. They do not realize that their save the environment plight cannot dismantle the industrial world without repercussions. Woke microeconomics will lead to our downfall.
The wholesale prices in Germany rose at a record pace in March. Compared to the same month the previous year, wholesale prices jumped by 22.6%, as the Federal Statistical Office announced on Tuesday in Wiesbaden. This is the highest increase since calculations ever began in 1962. In February, the rate was already high at 16.2%, which has been surpassed here in March. Month-on-month, wholesale prices rose 6.9%, which is yet another record increase.
Our models are pointing to serious trouble ahead for Germany and this poking Russia is all intended as a diversion from the collapse of the European economy that is underway. The negative interest rates since 2014 have wiped out the pension funds and proven that the central bank can no longer control the economy. Add to that, the braindead COVID restrictions which have dealt a serious blow through the heart of the supply chain, and we have a recipe for total economic disaster which is being reflected in the inflation rates which then leads to civil unrest.
I have stated many times, we have the WORST possible crop of world leaders I have ever witnessed in my lifetime. There is not a single character that I would be able to sit down and have an intelligent conversation with. Germany appointing Jenifer Morgan in charge of their environmental policies and the intent was to make her their Secretary of State is just astonishing. What is her role? Tell Putin to turn off his tanks because they create CO2?
These climate zealots have managed to destroy the world economy in just two years. Never in the history of humanity has there EVER been such stupidity from those in power. They should admire their heads in the mirror every day, for if history repeats, they will be dragged from their palaces and their heads might be adorning spikes with cheers of vindication.
It is well known that the first casualty of war is the truth, and nothing sorts out the lies more than troops crossing political borders. Hence, they also say that history is written by the victors. Ever since COVID, we have witnessed a rising trend of civil unrest politicians have been working hard to deliberately create war with Russia all cloaked in their real objective of controlling the planet. Ever since this intended war to poke the Russian Bear, there’s been an acceleration of every conflicting agenda on the world stage. This has crashed the world economy, ended Globalization, and divided the world into US v THEM with the only resolution being armed conflict. Our World Leaders need a war with Russia and then will turn on China as they think threatening China with sanctions will prevent them from joining Russia against the West. This will fail – China is not that stupid. Blaming the other guy is always the way to war. They need to demonize the enemy to inspire hatred that they use to manipulate war.
Posted originally on the conservative tree house on April 13, 2022 | Sundance
Yesterday in Iowa, Joe Biden called the Russian military operation in Ukraine a “genocide,” which has a very specific set of legal definitions to it.
When asked if he had seen enough evidence to support that statement Biden responded:
“Yes, I called it genocide. It has become clearer and clearer that Putin is just trying to wipe out the idea of even being — being able to be Ukrainian. And the amount — the evidence is mounting. It’s different than it was last week. The — more evidence is coming out of the — literally, the horrible things that the Russians have done in Ukraine. And we’re going to only learn more and more about the devastation. And we’ll let the lawyers decide internationally whether or not it qualifies, but it sure seems that way to me.” (link)
Several ground reports from European journalists indicate the U.S. military is running all of the combat operations inside Ukraine. A French reporter said on Euro News, “I thought I was with the international brigades, and instead I was facing the Pentagon.” Now today, Joe Biden announces he is arbitrarily sending U.S. combat helicopters into the conflict.
(WHITE HOUSE) – I just spoke with President Zelenskyy and shared with him that my Administration is authorizing an additional $800 million in weapons, ammunition, and other security assistance to Ukraine.
The Ukrainian military has used the weapons we are providing to devastating effect. As Russia prepares to intensify its attack in the Donbas region, the United States will continue to provide Ukraine with the capabilities to defend itself.
This new package of assistance will contain many of the highly effective weapons systems we have already provided and new capabilities tailored to the wider assault we expect Russia to launch in eastern Ukraine. These new capabilities include artillery systems, artillery rounds, and armored personnel carriers. I have also approved the transfer of additional helicopters. In addition, we continue to facilitate the transfer of significant capabilities from our Allies and partners around the world. The steady supply of weapons the United States and its Allies and partners have provided to Ukraine has been critical in sustaining its fight against the Russian invasion. It has helped ensure that Putin failed in his initial war aims to conquer and control Ukraine. We cannot rest now. As I assured President Zelenskyy, the American people will continue to stand with the brave Ukrainian people in their fight for freedom. (link)
White House spokesperson Jen Psaki was asked about this escalation earlier today:
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The Biden administration is all-in for this Ukraine proxy war, taking all actions to highlight a zero-sum position.
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