Tag Archives: Meteor storms

Apr 11 2023

Yellen Admits Truth Behind the Inflation Reduction Act


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

The Inflation Reduction Act has only increased inflation. Secretary of the Treasury Janet L. Yellen came out and admitted the truth – the act’s entire premise is to push the climate change agenda forward. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted.

It provided the government with an opportunity to eliminate our energy independence. We did not have an energy crisis before Joe Biden took office. He killed the Keystone deal on his very first day in office and has been promoting the larger WEF Build Back Better plan at the expense of the nation. Biden implemented policies that worsened inflation and then convinced mindless politicians, who never read the large bills put forward, to vote for a $369 billion act under the premise of fixing a problem he created.

Now Joe Manchin, who brokered the deal with Biden, claims he was duped into believing the act was actually designed to reduce inflation. In an op-ed published in the Wall Street Journal, Manchin criticized the need to raise the debt ceiling as a “needless emergency.” Manchin wrote:

“America is fast approaching another needless emergency—the raising of the national debt ceiling. This impending crisis isn’t an accident but a result of the inaction of various actors who refuse to confront fiscal reality, sit down, negotiate and make hard decisions for the sake of our nation’s future. While all parties have a responsibility to negotiate in good faith, recent actions make clear to me that the Biden administration is determined to pursue an ideological agenda rather than confront the clear and present danger that debts and deficits pose to our nation.”

He goes on to state that the national debt is nearly $31.5 trillion, “or close to $95,000 for every man, woman, and child, and represents 120% of our gross domestic product.” He proposes negotiating the debt ceiling and is pleading with “Mr. Biden to instruct his administration to implement the Inflation Reduction Act as written and stop redefining its credits and other subsidies.”

The Senator from West Virginia stated that Americans will pay the price for generations if Biden fails to act, but Yellen has now admitted that the goal of the IRA has been achieved. As Trump said, if you put the worst five presidents in American history together, they’ve done less damage to the nation than Biden in under three years.

Mar 28 2023

Mississippi Death Toll Now 25 as Recovery Efforts Continue


Posted originally on the CTH on March 27, 2023 | Sundance

We loaded a CERT toolbox trailer yesterday that is heading to Mississippi to assist as recovery efforts get underway.  Samaritan’s Purse is now on the ground in two locations, Rolling Fork and Armory [Register to Volunteer Here]  Any Treepers in the impact zone check in and feel free to provide updates on the ground events that relate to your area.

(Via Fox News) – Help began pouring into one of the poorest regions of the U.S. after a deadly tornado tore a path of destruction for more than an hour across a long swath of Mississippi, even as furious new storms Sunday struck across the Deep South.

At least 25 people were killed and dozens of others were injured in Mississippi as the massive storm ripped through more than a half-dozen towns late Friday. A man was also killed in Alabama after his trailer home flipped over several times.

“Everything I can see is in some state of destruction,” said Jarrod Kunze, who drove to the hard-hit Mississippi town of Rolling Fork from his home in Alabama, ready to help “in whatever capacity I’m needed.”

[…] The storm hit so quickly that the sheriff’s department in Rolling Fork barely had time to set off sirens to warn the community of 2,000 residents, said Mayor Eldridge Walker.

“And by the time they initiated the siren, the storm had hit and it tore down the siren that’s located right over here,” Walker said, referring to an area just blocks from downtown.  The mayor said his town was devastated.

“Sharkey County, Mississippi, is one of the poorest counties in the state of Mississippi, but we’re still resilient,” he said. “We’ve got a long way to go, and we certainly thank everybody for their prayers and for anything they will do or can do for this community.”

[…] Following Biden’s declaration, federal funding will be available for recovery efforts in Mississippi’s Carroll, Humphreys, Monroe and Sharkey counties, including temporary housing, home repairs, loans covering uninsured property losses and other individual and business programs, the White House said in a statement.

The twister flattened entire blocks, obliterated houses, ripped a steeple off a church and toppled a municipal water tower.

Based on early data, the tornado received a preliminary EF-4 rating, the National Weather Service office in Jackson said in a tweet. An EF-4 tornado has top wind gusts between 166 mph and 200 mph.

In Rolling Fork, the tornado reduced homes to piles of rubble and flipped cars on their sides. Other parts of the Deep South were digging out from damage caused by other suspected twisters. (read more)

Samaritan’s Purse is setting up in the following locations:

ROLLING FORK/SILVER CITY
Lake Washington First Baptist Church
1068 Lake Washington Rd E
Glen Allan, MS 38744

AMORY
First Assembly of God Amory
521 Tschudi Road
Amory, MS 38821

[Details and information Here]

Dear God, please bring the residents and families of those in the Mississippi area to Your throne of comfort. The shock and pain is unimaginable as they anguish over the loss of their town, their homes, their sense of normalcy and possibly their loved ones.

Father of mercy and comfort wrap Your loving arms around them. Hold them close. Help them to breathe and overcome the choking knot of despair in their throat.  Raise them, strengthen them, provide assurance for them.  Help the victims to see forward.  Dear Lord please provide wisdom and strength to the leaders of every community.

Please God, provide strength for their continued faith in You through this horrific destruction. Lavish them with Your love and fill the void of loss in their hearts.

In Jesus’ powerful name, I believe and pray.

Amen.

Mar 21 2023

South Africa’s Power Grid is Failing


Armstrong Economics Blog/Africa Re-Posted Mar 21, 2023 by Martin Armstrong

South Africa is desperate for allies, economic allies. The country is failing and the people are suffering. There is international outrage right now misdirected at South Africa for its desire to host the Bric summit with Russia, China, Brazil, and India. The International Criminal Court (ICC) wants to arrest Putin for his war crimes, and President Cyril Ramaphosa is defending his position to invite Putin before the invitations for the event have even gone out. I warned that countries who were previously banned from discussions at the big table would turn to China and Russia for support since the West has abandoned them. “What about Ukraine!” the media cries. Well, what about South Africa? No one comments that the conditions in South Africa are WORSE than in Ukraine during an active war.

South Africa was in a bad spot economically long before COVID. GDP grew by a mere 1% between 2012 and 2021, according to the World Bank. The nation’s entire infrastructure is crumbling, and the power grid is on the verge of complete failure. Blackouts are common, and many blame state-owned power plant Eskom which routinely cuts off the power grid to produce “rolling blackouts” to conserve power. These “rolling blackouts” can last over 12 hours. This affects fuel availability, phone and internet coverage, traffic lights, power to hospitals, etc. It also limits the availability of food and water. Crime is more prevalent during blackouts as there are no cameras or security systems. Rape and crimes against women are disgustingly common. Civil unrest is so prevalent that the president issued a “state of disaster” warning on February 9, long after the situation became irreparable.

(click on the image for higher resolution)

Statistics vary but there are about 82 murders per day in South Africa. The South African Police Service reported 7,555 murders from October to December 2022. As you can see from the chart above, crime is rapidly escalating. People are murdering farmers and anyone with a surplus of food. “Most murders take place in a public place, such as a street or an open field or a parking area – or at the residence of the victim (including places known to the victim or perpetrator),” Business Tech reported. “The Purge” is essentially taking place in South Africa right now.

So what is the world police doing about this situation since they care so much about helpless nations? Nothing. The US government issued a warning that Eskom’s power grid will collapse. They are warning that there will be no water, sewage pumps, or fuel, and the nation will effectively come to a standstill. Eskom said that in the “best case scenario,” it would take 6 to 14 days to restart the power grid. Experts believe it will take longer if they can manage to restore the power at all. “What’s left after a blackout would be what was left after a civil war,” an anonymous source said.

Poverty and the ongoing conflict have destroyed South Africa. The media would like people to believe that the nation is an enemy of the West because it is remaining neutral in the Russia-Ukraine conflict. How exactly is it supposed to offer any aid when its own people are starving? The West even had the audacity to ask South Africa to support the climate change agenda, as if they have access to stable energy. One can only hope that the Bric summit is permitted this year and Xi and Putin can offer aid to South Africa’s people.

Mar 20 2023

What Will our Collective Future Look Like in the Year 2050? Part Two, the Result of The Great Reset and Build Back Better


The picture below is a good visual example of what those that want to rule us i.e. Klaus Schwab, Bill Gates, George Soros, Barack Obama and yes even Anthony Fauci would like it to be. I do not, for one second, think this is an exaggeration.  

Obviously, this is not a picture that any one that is not a multi billionaire would want to experience but there is one person on the planet that demands that this is what our future will be. That person is Klaus Schwab the creator of the World Economic Form (WEF). So what is the WEF? The WEF is an international non-government organization (NGO) founded by Klaus Schwab on January 24, 1971and located in Switzerland. The stated goal is to improving the status of the entire world. This is accomplished by training potential Global leaders on how best to rule the world and conducting an annual meeting in Davos Switzerland.  

Klaus Schwab’s Master Program

Klaus fist related book published in 2016 was The fourth Industrial Revolution where he predicted a future where AL, Robots and biotech advances would create a new world with wonderful things in it. I think during the years prior to publishing the book Bill Gates got involved with Schwab and they used the Marxist take over of the Environmental movement of Global and dangerous climate change as the tool to scare the population into agreeing to make radial change in energy production by switching from fossil fuel to wind and solar called “Green Energy” for short.

Klaus Schwab enlisted French economist Thierry Malleret to help him develop the plan for the New World Order that Schwab wanted to create and as I understand it Malleret help Schwab to develop his “Stakeholder Capitalism” with a new monetary system called “Modern Monetary Theory” or MMT. These were some of the key elements along with of his predictive advances in technology that would allow his New World Order (utopia) to actually work. This was all published the book COVID-19 The Great REST in 2020 just after the COVID-19. Also helping Schwab was Bill Gates who was getting into politics after leaving Microsoft. However, since he made a fortune while running the company he as now a multi-Billionaire.

I became aware of Gates’ plans for the world around 2005/6 after watching some of his TED talks, At that tome he was promoting net Zero CO2 emissions and showed an equation sowing how it could be done. Below is an image from Gates explaining it he theories about climate change. The following image it gates’ not mine.

Keep in mind that Gates’ view is the the wolds population need to be under One Billion which means that 90% of the worlds population must disappear. The remaining 10% would get all the energy from Green sources; however, since people bread out CO2 there is no way to ever get to net Zero. Some time between the end of Obama’s presidency and the start of the Trump Presidency all the Gates’ TED talks prior to 2010 on this subject disappeared only the newer ones that were less threatening were still there.

Part Three will continue the discussion.

Mar 17 2023

Financial Crisis of 2023


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 17, 2023 by Martin Armstrong

QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes” because they bailed out the depositors. Yet Carl Icahn seems to agree with your saying that the U.S. economy is at a breaking point because of inflation. He said, “every hegemony has been destroyed by inflation.”

Very few so-called billionaires seem to understand what’s at stake. It makes me think they were just lucky in how they made their money. After Griffin’s comment, I would not be inclined to invest in Citadel. Then a group of banks is talking about depositing $20 to $30 billion to save Republic bank.

Is there any hope for the future when leadership is absent in these times of chaos?

UT

QUESTION #2: Thanks for everything you do. At the WEC, you warned about banks and even the big funds. The turning point was at the end of January here in 2023. Is it possible that this financial crisis will be the major factor even overpowering war when the ECM comes into play by April 10th?

CW

ANSWER: Anyone who does not understand that inflation is a natural occurrence when you get into a war is clearly not a student of history and has no business being the CEO of even the head local dog-catcher. The Roman deity Janus, after whom January is named, was the two face entity who looked at the past and the future. The doors to his temple would be closed when there was peace. That symbolized that nothing was at risk of changing. However, in times of war,  they would leave the doors open to symbolize the uncertainty of war that the spirits could flow in and out.

Only today, do we seem to no longer respect that the cost of war is both lives lost and inflation for those who survive. This Ukrainian Proxy War serves no purpose. Winning or losing will have ZERO impact on our national security or the future of the people. This is simply a grudge match instigated by the Neocons who perpetually love war as long as someone else is dying for their personal goals. To them, it is nothing more than watching a war on CNN and cheering as if it were a football game.

I have said that this war will undermine the entire US economy and that is now manifesting in the Financial Crisis of 2023 which will be far worse than any of these people expect. The lack of experience and the stupidity of those who remark that capitalism is collapsing because they are honoring the depositors is absurd. A depositor has NO WAY of understanding the financial status of a bank until it is too late. They receive no warning and yet there are those who say they should suffer the losses because that is capitalism.

Sorry, but that has NOTHING to do with capitalism. It is no different than FRAUD soliciting money with a false pretense. Investing in a hedge fund like Citadel is different from a bank. Depositors in a hedge fund know they are investing their money and they are getting a piece of that return. That is capitalism. Someone who has a bank account where their social security check is automatically deposited took on no such risk. Sorry – that is different that a hedge fund that goes bust.

The problem we have is that the ECM turning point is April 10th. Yet it is also the Pi Target from the fall of the USSR and the birth of even Ukraine. We just had Poland losing their mind and sending jets to Ukraine. That makes Poland a viable target for war. Poland is irresponsible given the fact that the Ukrainians slaughtered over 300,000 of them and has refused to ever apologize for their WWII Nazi involvement.

We have a problem here with the Financial Crisis simultaneously with important cyclical targets regarding war. Any personal interpretation I can offer is just a personal opinion. Both trends are colliding into April and this may be a two-prong panic of unprecedented significance.

Mar 17 2023

EU Central Bank Raises Rates Again Despite Weakened Banking Concerns – Supporting Climate Change and Assisting Central Bank Digital Currency Creation Most Important


Posted originally on the CTH on March 16, 2023 | Sundance 

The European Central Bank (ECB) raised interest rates again today, while simultaneously promising to support further bank bailouts that might come as an outcome of raising the rates again.   In the bigger picture there are two dynamics supported by the ECB playing out.

The first issue is the ideological effort to change the economic models based on climate change.  The Build Back Better (Green New Deal) policy, a traditional energy production control effort, is being supported by the ECB effort to shrink the EU economy to meet the rate of diminished energy production.  Make the economy smaller to meet the lower energy production rate.

Lowered energy production (oil, coal and natural gas) has raised energy prices; this is the fuel behind supply side inflation.  The Western policy created energy inflation is hitting every aspect of the EU, US and western global economy.  The prices of all downstream goods and services have risen dramatically as a result.  The European banks are not going to stop trying to make the economy smaller just because banks are failing.  That brings us to the second issue.

Like the first issue with BBB controls, the World Economic Forum action plan for government also includes the creation of central bank digital currencies (CBDCs).  The collapsing of the traditional banking system supports the agenda to create CBDCs.  Raising interest rates puts more pressure on already weak banks.  This is a feature not a flaw of the intent.

Shifting the economy from traditional oil, coal and natural gas is one aspect (climate change).  Shifting the banking system from traditional currency to central bank digital currencies is the second aspect (total govt financial control).   The banking instability is the crisis that facilitates the CBDC solution.   Ergo, continue raising rates and continue making the crisis more useful.

In the bigger picture, this is an ideological quest to fundamentally change the western economic model.  Support for that change is what we are witnessing as the EU central banks continue raising rates.  Ultimately, banks being controlled by government is the necessary step to achieve the second phase of the larger plan.

(Via Wall Street Journal) – FRANKFURT—The European Central Bank raised interest rates by a half-percentage point while promising emergency support for eurozone banks if needed, showing the policy makers’ balancing act as they seek to combat high inflation without aggravating strains in the financial system.

The ECB said in a statement that it would increase its key rate to 3%, following consecutive half-point rate increases in February and December. The 50 basis-point rise surprised analysts who had expected a smaller uptick given the tense market situation after the collapse of Silicon Valley Bank.

At a news conference, ECB President Christine Lagarde signaled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks. Policy makers will make future rate decisions based on coming economic data, she said, a change from previously announcing plans for rate increases months in advance.

“It’s not business as usual,” Ms. Lagarde said. “It is not possible at this point in time…to determine what the path will be going forward.” (read more)

Meanwhile in the U.S., the Fed/Treasury plan is to do essentially the same thing by supporting the big banks with over $2 trillion in available backstop funding.  The Fed is celebrating the big banks supporting the smaller banks.  Ultimately, this is the banking system downsizing and getting more control with less players.

Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu:

Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system.  (LINK)

The implementation of a U.S. digital currency will become easier if there are fewer players in the banking system.  WATCH: