Russia Did NOT Destroy Nord Stream


Armstrong Economics Blog/War Re-Posted May 4, 2023 by Martin Armstrong

Intelligence agencies backed by the mainstream media are still trying to blame Russia for the destruction of the Nord Stream pipelines. A new BBC report claims that Russian ships and submarines were present when the blasts occurred. These “ghost ships” allegedly had their transmitters turned off, but they were not clever enough to encode their radio communications. The report admits that there is no conclusive evidence to pin the destruction on Moscow, but they’re seeking to create evidence.

Russia had no motive to destroy the pipeline that provided energy to the majority of Europe. The pipeline was Russia’s biggest tool of leverage, and they had the power to turn off the gas flow without destroying the entire thing. There is no possibility that Russia would have destroyed its biggest bargaining chip. There is a possibility, however, that Europe would have caved and continued purchasing Russian energy. Neocons like National Security Adviser Jake Sullivan, Victoria Nuland, the Undersecretary of State for Policy, and Secretary of State Tony Blinken openly stated that they did not approve of the pipelines and wanted them gone.

“If Russia invades, that means tanks and troops crossing the border of Ukraine again, then there will be, there will be no longer a Nord Stream 2,” Biden stated in February 2022 during a joint press conference with German Chancellor Olaf Scholz. “I promise you, we will be able to do it.”

It comes as no coincidence that politicians began thanking America after the explosions. Radek Sikorski, Poland’s former minister of national defense and EU Parliament member, posted an image on Twitter of the leak with the caption, “Thank you, USA.”

 Seymour Hersch won a Pulitzer Prize for his reporting on the My Lai massacre in Vietnam and reported on the Nord Stream sabotage in detail.

“Last June, the Navy divers, operating under the cover of a widely publicized mid-summer NATO exercise known as BALTOPS 22, planted the remotely triggered explosives that, three months later, destroyed three of the four Nord Stream pipelines, according to a source with direct knowledge of the operational planning.

Two of the pipelines, which were known collectively as Nord Stream 1, had been providing Germany and much of Western Europe with cheap Russian natural gas for more than a decade. A second pair of pipelines, called Nord Stream 2, had been built but were not yet operational. Now, with Russian troops massing on the Ukrainian border and the bloodiest war in Europe since 1945 looming, President Joseph Biden saw the pipelines as a vehicle for Vladimir Putin to weaponize natural gas for his political and territorial ambitions.”

Furthermore, this tactic has been used in the past! In January 1982, Ronald Regan and the CIA planned to destroy the Soviet Union’s economy by using the technology available at the time to create a massive explosion. The US wanted to block Europe from importing Soviet Western gas amid the Cold War and was willing to take extreme measures. Thomas C. Reed, a former Air Force secretary who served in the National Security Council, wrote a book entitled “At the Abyss: An Insider’s History of the Cold War.”

“In order to disrupt the Soviet gas supply, its hard currency earnings from the West, and the internal Russian economy, the pipeline software that was to run the pumps, turbines, and valves was programmed to go haywire, after a decent interval, to reset pump speeds and valve settings to produce pressures far beyond those acceptable to pipeline joints and welds,” Reed writes. According to the Washington Post, Reed later commented that it was the “most monumental non-nuclear explosion and fire ever seen from space.”

The destruction of Nord Stream was an unauthorized act of war by the US, with the help of its Western alliance. Intelligence agencies are still attempting to pin the blame on Russia as a false flag, but their claims are invalid.

Zelensky Tells just Too Many Lies To Keep Them All Straight


Armstrong Economics Blog/Ukraine Re-Posted May 4, 2023 by Martin Armstrong

The BBC reported Zelensky’s comment regarding the drone attack on the Kremlin: “We don’t attack Putin or Moscow. We fight on on our territory. We are defending our villages and cities,” he said, speaking on a visit to Finland.

Zelensky is such a liar this man should not be greeted by any head of state. The Leaked Pentagon Papers suggest Washington was secretly monitoring Kyiv’s military plans, amid fears an assault could trigger a major escalation. The Neocons told him to stand down because they want to provoke Putin to attack to justify the US getting involved in the war.

The US military has already been told to prepare for war. The US is sending troops and has been negotiating what is known as DCA “defense cooperation agreements” treaty which allows the US troops freely operate in foreign countries. The US is now preparing to send troops to Finland.

I think if Russia sent troops to Canada or Mexico to aid in their “protection” we would not be very happy.

This is going around now from KyivPost on the Kremlin Attack.

With Sales Crushed, Anheuser Bush Tells Wholesalers to Give Bud Light Beer Away Free to Employees Before Expiration Date


Posted originally on the CTH on May 3, 2023 | Sundance 

Here we go.  Hard data is now starting to surface showing the devastating impact of the Anheuser-Busch decision to rebrand Budweiser products as the beer for the transgender community.   The #1 and #2 best selling beers in the United States are now fully rebranded to consumers and destroyed.  Now we see the ramifications.

The irony of Budweiser creating the “born on” date and freshness date system in the beer industry is just too damned funny, here’s why.

Across the United States, wholesalers are on the hook for inventories of Bud Light and Budweiser products that no one is buying.  These products have an expiration date, thanks in part to the previously mentioned freshness campaign long ago created.  The wholesalers have to swap out the close-dated products that are not being sold in retailers and restaurants.  The wholesalers are then stuck with out-of-date product, and turn back to the corporate office for help.

From reporting in the Wall Street Journal, Anheuser-Busch (A/B) is telling the wholesalers to give the product free to their employees rather than dump it.  By law, they cannot give it away to consumers, and they cannot cross promote the beer by “bundling” alcohol with another CPG product (ie, buy chips, get free beer).

The story is being promoted as A/B being magnanimous in giving the beer to the employees; however, in reality as the product hits its expiration or sell-by date, A/B only has that option, other than to dump it in the garbage and recycle the containers.  There is so much unsold inventory, data below, they are now giving it away (lol).

DATA – “In the week ended April 22, Bud Light’s U.S. retail-store sales fell 21.4% compared with the year-earlier period, according to an analysis of Nielsen data by Bump Williams Consulting. Meanwhile, sales of rival brands Coors Light and Miller Lite each grew about 21%.”  It’s not just Bud Light collapsing, it’s the faceplate brands for all Budweiser products. “Sales of other Anheuser-Busch brands declined, too, including Budweiser, Busch Light and Michelob Ultra, according to Bump Williams.”

At a cursory glance you might think a 21.4% sales drop is not as significant as you would think or hope.  However, that doesn’t fully tell the entire story.

Keep in mind, this data is only the initial evaluation of year-over-year sales impact, and this data is national. Regionally, where the beer drinking is heaviest, the amount of sales loss is much higher.

Bud Light and Bud are the #1 and #2 products across the entire beer industry.  Within the A/B wholesaler’s sales book, those two brands likely represent well over half of all their retail beer sales combined (‘well over’, and I’m being generously low in the estimate).

It depends on the region and wholesaler product mix, but Bud and Bud Light easily make up more than half of the specific portfolio of distributor gross product sales.

When the #1 and #2 products that consist of more than half your gross revenue drop by 20 to 25%, essentially the value of your company has just dropped by the same percentage.   A $50 million beer distributorship, now worth $40 million and falling fast.

Additionally, and worse still for the parent company, the sales of the competitor products have increased by the same amount as the collapse in the targeted brand.  Coors Light and Miller Lite have picked up all the customers.   This is what’s known as a “hard brand switch;” meaning it’s likely to be very difficult – if not impossible – to regain brand position.

A/B just gave Coors and Miller brands their biggest sales increase in history, and that increase is likely permanent as beer drinkers solidify brand use.  This is why you are starting to see such urgent action in response by the U.S. parent company AB Inbev.    However, Bud and Bud Light have created a no-win position, as they are now being targeted by the transgender community activists for failing to support their Tranny Beer rebranding effort strongly enough.

[Washington, The Hill] “In a letter sent this week to Anheuser-Busch’s head of human resources, Jay Brown, a senior vice president at the Human Rights Campaign Foundation, slammed the company’s response to the controversy as insufficient and cowardly.  “In this moment, it is absolutely critical for Anheuser-Busch to stand in solidarity with Dylan and the trans community,” reads the April 26 letter obtained by The Hill.

“However, when faced with anti-LGBTQ+ and transphobic criticism, Anheuser-Busch’s actions demonstrate a profound lack of fortitude in upholding its values of diversity, equity, and inclusion to employees, customers, shareholders and the LGBTQ+ community.”  […] According to the HRC letter, the group is preparing to lower Anheuser-Busch’s long-standing 100 percent Corporate Equality Index score, a national benchmarking tool on corporate policies, practices and benefits relevant to LGBTQ employees. (read more)

As noted in the Wall Street Journal, “They didn’t need to take this risk,” one distributor said, adding that he was worried the brand might now swing back in the other direction. “I lost my cowboy bars and now I could lose my gay bars, too.”  – Sorry, but this is just too darned funny.

Bud and Bud Light beer inventories are piling up.  The product is now going out of date due to lack of sales.  Beer drinkers do not want to be viewed with weird side-eye looks if they pick up a Budweiser product in a bar.  Retail consumers are walking past the product.   Regional wholesalers, seeing their distributorships being destroyed, are calling the home office looking for help.

Meanwhile, the alphabet activists are stomping their feet and riding their bicycles in slow circles at the bottom of the Anheuser Bush corporate offices, glaring in the windows while telling Budweiser they need to worry about their feelings.   {{{I cannot stop laughing}}}

[…] Anheuser-Busch has declined several meeting requests from [Human Rights Council] in the wake of right-wing pushback over its partnership with Mulvaney, according to an individual with knowledge of the situation. Anheuser-Busch did not immediately respond to The Hill’s request for comment.

The letter also recommends that Anheuser-Busch meet with its LGBTQ employees to discuss and “understand their concerns” and conduct workplace transgender inclusion training for company executives.” (link)

Anheuser Bush’s solution?

Screw it… we’re f**ked, just give it away!

[Wall Street Journal]

As Ukraine Sends U.S. Supported Drones to Target Moscow, A Reminder of President Trump’s Warning About Biden Creating World War III


Posted originally on the CTH on May 3, 2023 | Sundance 

By now most Americans realize the United States government is conducting a proxy war against Russia in Ukraine.  The foundation for the U.S. effort started in 2014 with the buildup of weapons provided by the Obama-Biden administration, and the Russian response to the NATO encroachment in February 2022 was quickly framed as the Russian war against Ukraine.

As part of this effort, and after threatening to destroy Russian natural gas pipelines, the United States then followed through and destroyed a main artery in the Nordstream pipeline system.  The Biden administration then denied involvement and tried to blame Russia; as if Vladimir Putin would destroy his own infrastructure.  Keeping with this continuum of escalating conflict, NATO has sent depleted uranium weapons into Ukraine.  Then, last night, a drone attack on the Kremlin was carried out.

Ukraine is denying any involvement in the drone strike against Moscow, which would imply the United States -likely the CIA- carried out a direct attack against Russia without informing Ukrainian President Volodymyr Zelenskyy.   Regardless of which partner is lying, Ukraine or the U.S, one of them carried out the attack.

This is a good time to remind everyone of President Trump’s words and policy toward this escalating conflict:

“Every day this proxy battle in Ukraine continues, we risk global war,” President Trump said. “We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.”

We need peace without delay

[Transcript] – We have never been closer to World War III than we are today under Joe Biden. A global conflict between nuclear-armed powers would mean death and destruction on a scale unmatched in human history. It would be nuclear Armageddon. NOTHING is more important than avoiding that nightmare. We will avoid it. But we need new leadership.

Every day this proxy battle in Ukraine continues, we risk global war. We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.

In addition, there must also be a complete commitment to dismantling the entire globalist neo-con establishment that is perpetually dragging us into endless wars, pretending to fight for freedom and democracy abroad, while they turn us into a third-world country and a third-world dictatorship right here at home.

The State Department, the defense bureaucracy, the intelligence services, and all the rest need to be completely overhauled and reconstituted to fire the Deep Staters and put America First. We have to put America First.

Finally, we have to finish the process we began under my Administration of fundamentally reevaluating NATO’s purpose and NATO’s mission. Our foreign policy establishment keeps trying to pull the world into conflict with a nuclear-armed Russia based on the lie that Russia represents our greatest threat. But the greatest threat to Western Civilization today is not Russia. It’s probably, more than anything else, ourselves and some of the horrible, U.S.A. hating people that represent us.

It’s the abolition of our national borders. It’s the failure to police our own cities. It’s the destruction of the rule of law from within. It’s the collapse of the nuclear family and fertility rates, like nobody can believe is happening. It’s the Marxists who would have us become a Godless nation worshipping at the altar of race, and gender, and environment. And it’s the globalist class that has made us totally dependent on China and other foreign countries that basically hate us.

These globalists want to squander all of America’s strength, blood and treasure, chasing monsters and phantoms overseas—while keeping us distracted from the havoc they’re creating right here at home. These forces are doing more damage to America than Russia and China could ever have dreamed. Evicting the sick and corrupt establishment is the monumental task for the next president. And I’m the only one who can do it.

I’m the only one that can get the job done. I know exactly what has to be done. (read more)

Republicans Fighting Biden’s Mortgage Madness


Armstrong Economics Blog/Real Estate Re-Posted May 3, 2023 by Martin Armstrong

Republicans at the state level are demanding that Biden and the FHFA repeal the asinine new law that punishes Americans with high credit scores by forcing them to subsidize the mortgages of those with low credit scores. The Biden Administration has been attempting to control real estate for some time. In June 2021, Biden forced the Supreme Court to give him the power to fire Mark Calabria as the regulator of Freddie Mac and Fannie Mae. Biden’s team said they were “moving forward today to replace the current director with an appointee who reflects the administration’s values. This was also when shareholders sued the government for the 2012 decision to pay all proceeds directly to the Treasury.

Trump was in favor of Calabria and fought to separate Freddie and Fannie from the government, but the Democrats repealed everything once Joe took over. Florida Chief Financial Officer Jimmy Patronis and 33 other Republicans at the state level are urging Biden and the FHFA to repeal this “hair-brained” policy. “This new policy … will take money away from the people who played by the rules and did things right – including millions of hardworking, middle-class Americans who built a good credit score and saved enough to make a strong down payment,” the group noted. “Incredibly, those who make down payments of 20 percent or more on their homes will pay the highest fees – one of the most backward incentives imaginable.”

Patronis and others argued that owning a home was once the American dream, and the new law will hurt middle-class families who worked and budgeted for their downpayment and credit score. “[T]he right way to solve that problem is not to use the power of the federal government to penalize hardworking, middle-class American families by confiscating their money and using it as a handout. The right way is to implement policies which will reduce inflation, cut energy costs and bring lower interest rates. Doing so will enable more families to save and improve their credit scores. Increased financial literacy efforts must also be part of the solution,” the letter also states. Lowering energy scores and inflation is not part of the Build Back Better agenda.

Providing people with loans who otherwise would not qualify is part of the plan for the Great Reset. Raising taxes on everything imaginable is also part of the agenda. The government wants to tax the middle class out of homeownership, force the working class to default on their mortgages, and move everyone into government-provided smart cities. The hatred toward government is brewing and will soon bubble over.

Robert F. Kennedy Jr. is a Socialist in Disguise


Armstrong Economics Blog/Politics Re-Posted May 3, 2023 by Martin Armstrong

Robert F Kennedy Jr spoke out against the COVID pandemic and demanded a serious investigation into those who promoted the worldwide panic. “Just to be clear, I will prosecute any official who engaged in criminal wrongdoing during the pandemic. Corrupt individuals are a small part of the problem. Our agencies have been captured by corporate power, but the vast majority of their staff are decent people. We need to get corporate influence out of *all* regulatory agencies so that they can serve the people honestly,” Bobby wrote on his Twitter. While he may be more moderate than Biden, do not be fooled—he is not presidential material.

Jailing one’s opponents is one of the oldest political strategies in the book. Many may cheer that Robert F Kennedy Jr. wants to jail those responsible for COVID, but looking back on his prior remarks, he wants to jail everyone who disagrees with him. In the video above, Kennedy calls for “three hots and a cot” for anyone who dares to question climate change. This directly violates the First Amendment and is a dangerous road to go down. These climate change idiots are all seething with anger.

His website mentions his political promises and top priorities but barely touches on the economy. “Government assistance to the nation’s most vulnerable is a high priority,” he writes under his “revitalization” promise that makes absolutely no mention of inflation. Instead, he discusses wealth redistribution and highlights the “wealth gap” while adding in that minorities are more prone to poverty to divide the people further.

“We will rebuild the industrial infrastructure, ruined by forty years of off-shoring and misguided “free trade” schemes…We will break up “too-big-to-fail” banks and monopolies, and when crisis strikes, bail out the homeowners, debtors, and small business owners instead.” Clearly, he does not understand the basics of banking or free trade and wants the people to rely on government assistance rather than the free market. He also loosely mentions wanting to change the healthcare system but does not offer a clear solution.

Bobby is simply another socialist in disguise pushing for the same agenda as all the other Democrats, minus his stance on COVID. His eagerness to jail his political opponents is very alarming. Luckily, the Democrats won’t let anyone challenge Biden, who has no views or original thoughts to question the establishment.

Bank Failures – A Push for CBDC?


Armstrong Economics Blog/Corruption Re-Posted May 2, 2023 by Martin Armstrong

Monday saw the largest banking failure in the US since 2008 after First Republic went under, marking the third death of a US bank this year. Regulators took possession of the bank this Monday and JPMorgan Chase will acquire the majority of the bank’s assets and remaining deposits worth around $92 billion. First Republic Bank’s stock fell nearly 50% after reporting a significant drop in deposits in the first quarter of 2023. First Republic’s stock value tanked 97% on Friday due to fears of a bank run or failure, and the executives were silent on the health of the bank because they knew they were doomed. JPMorgan Chase coming to save the day is not a good sign.

All of these small and mid-sized banks are struggling with liquidity. The larger banks are gaining more power and influence. JPMorgan Chase’s CEO is nothing like the man who founded his company and actually saved the US from a banking disaster. CEO Jamie Dimon is a World Economic Forum member who fully supports the Great Reset. He wants the US to invoke eminent domain in order for the government to seize your private property.

These are his words, not mine. Dimon noted in his letter to shareholders that “governments, businesses and non-governmental organizations” may need to invoke “eminent domain” in order to get “adequate investments fast enough for grid, solar, wind and pipeline initiatives.” He is adhering to Agenda 2030 and believes that our freedoms need to be removed under the excuse of climate change. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his letter.

I will not be surprised if Jay Powell mentions CBDC this Wednesday just to get the public accustomed to the idea. All of these issues can be used as an excuse to implement CBDC as the “safe” alternative to traditional banking. It would be easier to implement if there were only a handful of banks working with the government. The US has never canceled its currency but every empire, nation, and city-state falls in the same manner. The plans for the Great Reset are out in the open and the WEF has infiltrated nearly every government cabinet in the world and bought out the bankers. The day will come when the government gives us a deadline to turn in our paper currency to be converted into CBDC, providing them with complete financial domination over the people.

The Rule of Law – BEWARE Crypto-Lovers


Armstrong Economics Blog/Cryptocurrency Re-Posted May 2, 2023 by Martin Armstrong

COMMENT: Mr. Armstrong; I think it might be helpful to explain to people that the government can subpoena any third party with regard to cryptocurrencies and they will turn over whatever they have that will incriminate a person. As a lawyer, I have to defend a client who thought Bitcoin was exempt from central banks and totally safe. He even seemed to think if there was a nuclear war that Bitcoin would still exist in South America. Some people are just so gullible it is sad and now he faces several years in prison for tax evasion. Perhaps it would help to explain how a third party will turn over whatever they have on you and that includes Google etc.

Many people listen to you because you are not a conspiracy junkie.

All the best

WH

ANSWER: You have a good point. DO NOT even allow Microsoft One Drive to have anything. The government will subpoena any third party and they will give up everything. I do not understand why people are such diehard Bitcoin lovers. ANYTHING that will be on the power grid the government will control if you believe it or not.

Bitcoin is a TRADING vehicle no different from cattle. It is NOT a store of wealth, as it fluctuates like everything else. This is a quarterly chart of Bitcoin. It rises and falls no different than any other instrument. It is not a “store” of value maintaining some constant value to park your money.

ALL cryptocurrency is on the target list for the Biden Administration. We are entering the final stages of the Decline & Fall of Western Civilization. You can see as we progress, they will become more and more aggressive because they can feel their power slipping away. ONLY tangible assets make the transition to the new value on the other side of 2032. NOTHING digital will make that transition.

Both the United States and Europe will split. That means the rules will be different everywhere, and there will be places without power. No power = no value for any digital currency. Let’s get realistic here.

Senator Mitch McConnell Reminds White House of the Republican #1 Priority


Posted originally on the CTH on May 2, 2023 | Sundance 

The professional Republican Party is totally and completely disconnected from the average MAGA voter within it.  Cue the visual demonstration from today:

[Source Tweet]

This disconnect between the Republican establishment and the base voter has always been frustrating and annoying, but now they are taking it to entirely new levels of ridiculousness.   There must be multiple siphons and financial laundry operations from this Ukraine policy.  Nothing else makes sense.

Seriously.  Go ahead and tell me how the professional Republican Party is worth saving.  I’ll be over here, supporting President Trump.

Also, there’s a Twit video of Mitch McConnell below (from today) that everyone must see.  You tell me what’s going on. Something weird.

After spending several weeks recovering from a brain injury, this is Mitch McConnell today:

Posted in Big 

Interior Secretary Deb Haaland Testifies It’s Better to Get Rid of Jobs in USA, Live in Poverty and Save the Planet – Even if Rest of The World Doesn’t Do It


Posted originally on the CTH on May 2, 2023 | Sundance 

Around 15 years ago CTH outlined the inclusive goal of the progressive movement, modern Democrats as they were evolving, was to deconstruct the U.S. economic system so that Americans would be forced to live in government-controlled poverty. Essentially reduced to circling a campfire, eating sustainable algae cakes and picking parasites off our family members.

Most people understandably scoffed and said we were being hyperbolic.  However, what we were highlighting was the natural conclusion of a visible ideology and set of policies.  The modern democrat ideology is based on a worldview that feudalism is superior, and Democrats are elite in their global magnanimity (defined as their virtuous self image).

Fast forward a decade+ later, and there is Joe Biden’s Secretary of the Interior, Deb Haaland, explaining why it is better for the health of the planet if Americans lose their jobs, lose their economic sustainability, starve in feudal poverty, as the virtuous government ships all the dirty jobs to China and retains their clean pro-climate agenda.   In Haaland’s defense, it should be noted that this has been the policy of Canada for quite a while.  WATCH: 

.

Insert vote, pull lever, get pellet… repeat!