Tag Archives: Marxism

Jul 13 2023

Spain’s Climate Minister Caught Faking Bike Transit for Cameras


Armstrong Economics Blog/Climate Re-Posted Jul 13, 2023 by Martin Armstrong

The above video is complete climate propaganda.

The climate zealots are laughing at us from their private jets. They swear doomsday is around the corner and the commoners must abandon all basic comforts to save the world. Their predictions have never come to fruition because they are based on nonsense. Spanish climate minister Teresa Ribera was caught faking a bike commute for cameras, and it is not the first time a climate tzar was caught pulling such an act.

Ribera flew on a private jet to attend a climate conference, where the elite decide what the Great Unwashed should forego. She hopped into a private car and drove 100 meters to the venue. Then, cameras captured her taking out a bicycle to ride the 100 meters to the venue. Pure propaganda.

The Great Unwashed must blindly obey why the fraudulent rulers mock us. Ribera boarded a private jet 17 times in 2022, costing taxpayers €170,000. She traveled via private jet 16 times in the past seven months, totaling €160,000. Do you think she cares about her carbon footprint?

Ribera is a World Economic Forum proponent, obviously, and participated in the C40 Cities Summit. She supports reducing air travel, meat consumption, and private car ownership. She said all cars must have zero emissions by 2040 to reach decarbonization by 2050. In fact, she believes all gas engines should be banned by 2035. As a former UN climate negotiator, she pressured the EU to abandon the Energy Charter Treaty. She pushed Spain to move away from coal and nuclear energy by 2030. She is simply another deep state minion hoping that the people are ignorant enough to believe that they are responsible for natural changes in the weather. Rules for thee but not for me will be more apparent than ever as we move toward the Great Reset goal.

Jul 13 2023

Grooming Legal in Canada


Armstrong Economics Blog/WOKE Re-Posted Jul 13, 2023 by Martin Armstrong

The woke elite are winning. Their agenda is sickening and deserves to be exposed. As seen in the video above, a YouTuber (the new independent journalists) walked around a Toronto PRIDE event and asked everyone what the hell they were doing walking around naked. What is wrong with people? Trudeau arrested the Trucker Convoy protestors, but turned a blind eye to indecent exposure in front of children in the name of supporting the woke agenda. Again, the woke agenda is tied to the larger agenda of the Great Reset.

“Nudity: 174 (1) Every one who, without lawful excuse,

  • (a) is nude in a public place, or
  • (b) is nude and exposed to public view while on private property, whether or not the property is his own,
  • is guilty of an offence punishable on summary conviction.
  • Marginal note: Nude “(2) For the purposes of this section, a person is nude who is so clad as to offend against public decency or order.”

The Toronto Police were told not to arrest protestors. Don’t make the Young Globalist Leader look bad by arresting those supporting the mass psyop. Yet, last year the police were instructed to arrest a PASTOR “making comments that were disparaging towards the LGBTQ community” by speaking out at a pride event. They investigated pastor David Lynn for a possible hate crime, and he was held in jail overnight. They charged him with mischief and causing a disturbance. YouTube removed the video of his arrest, which showed him simply reciting the Bible and not yelling any profanities. And yet, the Canadian police are permitting grown men to parade around naked in front of children. The woke agenda should be clear by now.

Jul 13 2023

UN Proposes Easing SWIFT Sanctions in Exchange for Russian Black Sea Grain Export


Posted originally on the CTH on July 12, 2023 | Sundance 

The sanctions levied against Russia by the collective West have essentially failed.  There is inconvenience within Russia amid ordinary citizens for global and economic transactions, but most of the govt transactions have continued.

On the opposite side of the consequence coin, absent the ability to purchase consumer goods on the global market, Russian domestic consumer independence has grown dramatically.  There is more stuff being made and created inside Russia, for Russians to purchase, than ever before.

I cannot see how the Russian GDP doesn’t benefit from this in the long-term.

Then again, I don’t buy the official Western narrative about the “horrible” life inside Russia, because I talk to ordinary middle class Russians who seem to have found a way to organize life without too much disturbance.

Russia is actually a case study in the elimination of imports and the economic outcomes therein.

It doesn’t suck to be a consumer; average Russians are doing fine, and it seems to get better over time.  Ironically, give them a few more years of Western sanctions, and Russia could be a manufacturing powerhouse.  Russia is a big country with a lot of raw material resources.

UNITED NATIONS, July 12 (Reuters) – U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters.

Russia has threatened to ditch the grain deal, which expires on Monday, because several demands to dispatch its own grain and fertilizer abroad have not been met. The last two ships traveling under the Black Sea agreement are currently loading cargoes at the Ukrainian port of Odesa ahead of the deadline.

A key demand by Moscow is the reconnection of the Russian agricultural bank Rosselkhozbank to the SWIFT international payment network. It was cut off by the European Union in June 2022 over Russia’s invasion of Ukraine. An EU spokesperson said in May the EU was not considering reinstating Russian banks.

However, the EU is considering connecting to SWIFT a subsidiary of Rosselkhozbank to allow specifically for grain and fertilizer transactions, three sources familiar with discussions told Reuters on Wednesday. The European Commission did not immediately respond to a request for comment. (read more)

Zelenskyy is the Bud Light of the NATO summit. 😂

Jul 12 2023

BRICS & The Gold Backed Currency Idea


Armstrong Economics Blog/Gold Re-Posted Jul 12, 2023 by Martin Armstrong

QUESTION: Marty,

Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt?

Tks for all the light u share in a confusing economic landscape.

Cbeers
.baldy

ANSWER: It is unlikely that we are looking at a BRICS single currency like the euro, for that would require a central monetary authority, surrender of sovereignty as in Brussels, end any possibility of QE, etc. We would need to completely collapse the idea of Keynesian Economics insofar as it has evolved, allowing deficit spending.

There is no special magic to gold. It was first restricted to only kings, for it was considered to be the tears from the sun god. As more gold was discovered, it began to be used for the jewelry of wealthy aristocrats. Then it became used as money in its natural form, known as electrum, a natural alloy of gold mixed with silver.

Then they refined the gold electrum and created the first bimetallic coinage around 560 BC. This required a sufficient supply of gold to create a money supply. As the quantity increased, the value of gold declined relative to both silver as well as commodities in general – inflation.

The real argument behind gold as a backing is that its quantity is limited. However, over the centuries, the silver/gold ratio has fluctuated anywhere from 8:1 to 120:1. From this perspective, the real objective here is to prevent the government from creating money at will. Thanks to Keynesian Economics, governments have the power to create money at will, allowing them to retain power and exert it in their endless wars thanks to the Neocons.

The real objective here with the issue of BRICS is that both Russian and China object to the dollar being the reserve currency in the middle of geopolitical tension. Yet the Biden Administration has undermined everything by removing Russia from SWIFT. That set in motion the collapse of globalization, and it has shown to the world that the US now controls the SWIFT system, which renders it no longer politically neutral.

This is where the IMF is trying to desperately move in for the kill to replace the dollar with their electronic digital currency. This is really no better because the IMF will also play political games. Strauss-Kahn was appointed managing director of the IMF on September 28, 2007, with the backing of then–President of France Nicolas Sarkozy. He was set up, and in New York, they came up with a maid in a hotel who claimed he tried to rape her. They wanted to remove him became he was independent. He served in that capacity until he was forced to resign on May 18, 2011. All the charges were later dismissed for the lack of any credibility. Yet, his replacement was Obama’s friend Christine Legard, a board member of the economic terrorist organization, the World Economic Forum. She was installed in the IMF and immediately threatened all the tax havens to turn over all their secret accounts so they would be removed from SWIFT. She also threatened the Vatican.

We are clearly staring into the eyes of a major global sovereign debt default. This is also why they are pushing for war. They plan on holding another Bretton Woods II, and the IMF will make its pitch to rule the world. This is all part of the scheme for this one-world government.

Jul 12 2023

BoC Study: 59% of Canadians Willing to Accept CBDC


Armstrong Economics Blog/Central Banks Re-Posted Jul 12, 2023 by Martin Armstrong

The masses do not realize what CBDC really entails. It is marketed as a convenient and modern way to bank. In truth it is a tool for control, an important tool that governments need to usher in the Great Reset. A recent poll by the Bank of Canada aimed to see how willingly the public would accept a new digital currency. Surprisingly, the majority said they were willing to make the switch without hesitation.

An alarming 59% of respondents said they are willing to switch to CBDC once available. They do not realize that they won’t have a choice in the matter. Around 43% said they were “somewhat willing” to accept CBDC. Then 11% said they were “very willing” and 5% “extremely willing.” Only 25% said they would not make the switch, which again will not be optional. Only 16% admitted that they do not understand the concept.

It appears that the public does not understand the risks involved. Over half (51%) said they were confident the central bank would securely handle their transactions and data. Around 56% said they were concerned about the potential for fraud, cyber attacks (53%), personal data misuse (44%), and lack of anonymity (35%). The central bank, of course, did not ask the real question – Are you comfortable with the government controlling all of your financial transactions?

Eighteen of the G20 countries have already begun developing digital currencies. The real threat here is that CBDC will provide governments will full access to our finances. We see how easily private banks de-bank individuals. Trudeau was able to cancel accounts of protestors and their alleged supporters in an instant.

CBDC would allow government to deny people access to their finances entirely, especially since cash will not be an alternative. The WEF wants to link individual IDs to the banking system and throw in social credit scores for good measure. A WEF spokesman recently said during the Summer Davos that they would like to control what people buy and ban unapproved purchases. Then they will ensure no money goes off the grid as governments want to tax us into oblivion. Now is the time to show resistance to the idea. Once they implement these policies, there is no going back. They will give us a timeframe to convert our cash to a CBDC and then governments will have complete control over our finances.

Jul 12 2023

Bankruptcy on the Rise


Armstrong Economics Blog/USA Current Events Re-Posted Jul 12, 2023 by Martin Armstrong

Chapter 11 bankruptcies in the US rose by 68% during the first six months of 2023, according to Equip Bankruptcy. You may have survived the pandemic, but surviving Bidenomics is proving too much for many businesses. There were 1,766 filings during the first six months of 2022, compared to the 2,973 businesses that went under this year. Chapter 13 personal bankruptcy also rose by 23% during this period.

Around 12,107 commercial filings were recorded during the first half of this year, marking an 18% increase year-on-year. Small businesses experienced a 55% increase in Chapter 11 filings during the same time period. Commercial bankruptcies increased 12% year-on-year in June alone, and small businesses saw a 111% spike. “The growth in filings is reflective of more families and businesses facing surging debt loads due to rising interest rates, inflation, and increased borrowing costs,” said ABI Executive Director Amy Quackenboss.

Everyone is in trouble here. This is becoming a trend as inflation is here to stay. Credit card debt has reached historical highs as people struggle to pay the basics. Businesses were already decimated by COVID policies, and some never regained the momentum. People have lost all confidence in the future and are less likely to spend. Many businesses attempted to recover from lockdowns and the supply chain disaster, but the increased regulations make it difficult for many to profit. It will only become more expensive to borrow money as Powell all but guaranteed additional hikes this year, and now many have no other option than to liquidate it all.

Jul 12 2023

Nigel Farage – War on Cash


Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 11, 2023 by Martin Armstrong

Jul 12 2023

President Trump Denounces Biden Decision to Send Cluster Bomb Munitions to Ukraine


Posted originally on the CTH on July 11, 2023 | Sundance 

President Trump does not mince words when it comes to the senseless bloodshed and chaos in Ukraine.

As Joe Biden meets with NATO members to consider their latest strategies to expand the proxy war in Ukraine, President Trump denounces the decision to provide cluster bombs.

It should be noted, this recent decision by Biden follows an earlier decision by NATO to send depleted uranium munitions into the battlefield.  Ukraine is quickly turning into a toxic killing field as World War Reddit continues.

DONALD J TRUMP – “Joe Biden should not be dragging us further toward World War III by sending cluster munitions to Ukraine—he should be trying to END the war and stop the horrific death and destruction being caused by an incompetent administration. These unexploded cluster munitions will be killing and maiming innocent Ukrainian men, women, and children for decades to come, long after the war—we pray—has ended.

If, as Biden inadvertently admitted, the reason for sending cluster bombs now is that the United States is “running out of ammunition” (a great breach of classified information), that only further emphasizes the urgency of immediately deescalating this bloody, dangerous, and out of control conflict. It certainly means we should not be sending Ukraine our last stockpiles at a time when our own arsenals, according to Crooked Joe Biden, are so perilously diminished.

There could be no more vivid proof that Joe Biden’s policy of endless war in Ukraine has tremendously weakened the United States than the humiliating admission that the USA is now out of ammo, something our enemies are undoubtedly salivating over. This “admitted” weakness is an invitation to enemies all over the world. Joe Biden is needlessly and dangerously leading us into World War III, which would be a nightmare beyond imagination—obliteration!

We must stop this insanity, immediately end the bloodshed in Ukraine, and return to a focus on America’s vital interests. Most importantly, we must completely rebuild our depleted military so it is once again so strong—like it was just 3 years ago when I rebuilt it—that no nation would even think of threatening our people. We must have “PEACE THROUGH STRENGTH” and in a short time, the Presidential election of 2024 will produce that result.” (read more)

[…] NBC News asked most of the 2024 GOP presidential campaigns Monday for comment to gauge where other candidates stand on the munitions issue.

Only former U.N. Ambassador Nikki Haley responded, she said she supports the decision. (link)

Jul 12 2023

UPDATE: Modelo Tops Bud Light in Latest Sales Report Just Before Key July 4th Holiday – Bud Light Sales Trend -28.5%


Posted originally on the CTH on July 11, 2023 | Sundance 

Anheuser Busch continues to lose market share according to the latest statistics shared by Bump Williams consulting firm. In the key period just before the July 4th holiday, sales of Bud Light dropped another 28.5% compared to the prior year.

The initial sales decline which began in April continues.  The ongoing boycott against Bud Light appears to be holding firm.

CNN – […] For the four weeks ending on July 1, Modelo Especial captured 8.7% of overall beer sales, compared to Bud Light’s 7% share, according to NIQ data given to consulting firm Bump Williams. Dollar sales for the pre-July 4 period continued to be grim for Bud Light, with sales falling 28.5%, while Modelo’s grew 8.5% during the same time period. (more)

Jul 11 2023

Sound of Freedom Blacklisted by Woke Elite


Armstrong Economics Blog/Corruption Re-Posted Jul 11, 2023 by Martin Armstrong

The movie “Sound of Freedom” exposes the darkest corner of our society – child trafficking. The film should not be controversial but the mainstream media and Hollywood blacklisted the film because they are protecting those involved. Simply Google the film and you will see articles from EVERY news outlet condemning the film as a QAnon conspiracy for right-wing extremists.

Jim Caviezel, the director, is a devout Christian which is now a radical ideology in America. You may not believe in God but watching this film will show you that pure evil exists. He has said that streaming services such as Netflix and Hulu would not carry his film, which is precisely what occurred with “The Forecaster.” For you see, there are numerous organizations that would taken down if the truth came out. This is a trade that surpasses most other industries and cannot be calculated. The Department of Homeland Security estimates that child trafficking account for $150 billion in global trade, but the true amount is much higher. Millions of children go missing every single year. It is not isolated to third world countries. What happened to the children who went unaccounted for at our own border?

It is extremely alarming that the powers that be want to silence this film. Epstein island was a conspiracy theory too at one time. The politicians and people of influence who went to his island were never held accountable, but that shows only a tiny fraction of how deep this insanity goes. Governments are involved. The woke elite are dominating all institutions and forcing organizations to abide by their CEI and ESG scores. Kids are being taken away from their parents if they don’t provide “gender affirming care,” which never existed up until a few years ago when the far left lost its collective mind. They are NORMALIZING the sexualization of children even in schools. The Guardian called the film “the QAnon-adjacent thriller seducing America” as did every other major news outlet. I question any journalist who is angered by a film that shines a light on such an important topic. The corruption goes deep, and the elite have an agenda. It is not fear-mongering because, yes they are coming for our children.