Armstrong Economics Blog/Armstrong in the Media
Posted Nov 26, 2022 by Martin Armstrong
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Italy’s new PM Giorgia Meloni revealed her first economic initiatives with a budget of 21 billion euros. The Italian government will no longer provide free handouts to those who simply refuse to work. This should not be controversial.
For starters, anyone eligible for welfare must actually reside in Italy. Those capable of working will have eight months to find employment before their free paycheck runs out. Alternatively, if someone refuses a job, they will be excluded from receiving welfare. The 5-Star’s citizens’ wage will be abolished by next year as the system has been abused by many who simply do not want to work. They are reviewing the pension system as well, but it’s too late to save the pension funds.
Italy’s first female PM is also encouraging couples to start families amid a birth rate crisis. Women may take a sixth month of maternity leave and still receive 80% of their salary. Meloni cut taxes on goods for newborns and feminine hygiene. Couples will receive a 50% increase in the “baby bonus,” and families with over three children will receive more incentives. Italy needs future taxpayers.
Everyone cheered when America appointed its first female vice president, but Kamala Harris has done nothing for women who still pay the pink tax and do not have access to maternity leave. It is astonishing how controversial this move has become with the papers calling Meloni a Fascist dictator for preventing working taxpayers from paying for those unemployed by choice.
Click here or on the video above to view my most recent interview with the Financial Repression Authority. Our friends at MoneyTalks created a nice overview of the interview that you may read here.
After taking four vaccines and failing to curb the transmission of the coronavirus, Australian health officials will not recommend a third booster shot. Health Minister Mark Butler said the Australian Technical Advisory Group on Immunization (ATAGI) admitted that a fifth dosage of the mRNA vaccine would have “minimal” effect toward reduction efforts.
Australia once had some of the strictest COVID restrictions in the world, and this is huge news. ATAGI member Allen Cheng, Ph.D., mentioned that the risk of myocarditis in younger people is troubling. “Vaccinations are beneficial and protective even for younger people but the more doses you get the less benefit you derive from them and then we start to worry about causing side effects,” Cheng said.
Butler said that new booster recommendations will be made in early 2023. Australians are not off the hook yet. Everyone over the age of 30 has been eligible for a second booster since July. The government still recommends staying “up to date” on vaccinations despite that standard constantly changing.
I apologize, the proposal began in 1991 for Russia to join NATO. But the final agreement with respect to Ukraine’s nukes was not in Belgrade but in Budapest. History has been rewritten to support the war against Russia for climate change. I have never seen any account of history that reports NATO invited Russia to join in 1991. Some people are so pro-Ukrainian that it is insane. They are really cheering for World War III and no doubt believed in COVID, Weapons of Mass Destruction in Iraq, and Hillary’s RussiaGate. They refuse to open their eyes to see that they have been played for fools as always to justify war.
So cheer all you want. This war will NOT be confined to just Ukraine you can watch it on TV as if it is some video game. Ukraine was the 3rd largest nuclear power. That was a fact. The US paid them to surrender their nukes to Russia and they in turn provided nuclear power rods for electricity. James Baker warned about loose nukes and Ukraine was one of the three republics that ended up with nukes. The difference was, Ukraine wanted to use them on Moscow. All my sources back then were deeply concerned that Ukraine just could not ever be trusted. It was Ukraine that kept the cold war going. Zelensky has supported the Ukrainian Neo-Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves. I have fact-checked that and it is a true statement made to the press.
My dealing with Ukrainian governments has always been: Just show me the money. Ukraine is a corrupt black hole. History will show who is on the right and wrong side if any side survives.
Good luck with your hatred. Remember, there is a funny thing about what we call karma. What you wish on someone else may be what becomes your own undoing. So don’t worry. Your hatred of Russia will end that nation, but it will be a Phryic War and nobody will survive. So cheer the loss of your future. You will get what you deserve in spades.
The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.
The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:
Ignore all the history you want to keep fanning the flames of war. When you lose everything, remember – you asked for this result.
Many people have been following the story of the four Idaho University college students who were murdered last weekend. In part of a video released by police a person of material interest was noted, and police asked for help with identifying him.

The person has now been identified and is reportedly cooperating with police.
(Via Dail Mail) – The man who was filmed with two of the four murdered Idaho students in their last hours has been ‘identified’ and is ‘cooperating with police,’ according to one of the victims’ sisters.
The young man’s name has not yet been made public but he was he was filmed walking up to a food truck with Madison Mogen and Kaylee Goncalves on Sunday at 1.45am – less than two hours before they were murdered in their home.
He was filmed standing near the girls but not speaking to them as they waited for their food from the truck. Once they were handed their order, the girls – who staff said appeared to be slightly intoxicated – walked off together, leaving him behind.
On Thursday night, Kaylee’s sister told Chris Cuomo on his NewsNation show that the boy had been identified. ‘I think a lot of people were curious about that person. We were able to identify him.
” What everybody is talking about now is not knowing why police are saying we don’t have to panic. Nobody is panicking necessarily… but no one is walking around at night either.” “And as far as I know, he has cooperated with the police. And that’s all that I know about that,’ she said. (link)

NBC journalist Miquel Almaguer reported on The Today Show {Direct Rumble Link} that Paul Pelosi opened the door, didn’t declare an emergency….. and then walked back to his attacker and was attacked. The report by Almaguer contradicted the FBI probable cause statement as written. NBC immediately scrubbed the Almaguer report after broadcast and then suspended journalist Miquel Almaguer.
However, now that the midterm election is over, NBC Bay Area reporter Bigad Shaban did some further research, talking directly to police sources who reviewed the body cam footage. Mr. Shaban confirmed the details of the original NBC reporting by Miguel Almaguer on November 4th that led to his suspension. Something sketchy is going on here.

(Via NBC) – […] Police body camera video that captured the attack on Paul Pelosi, and the moments leading up to it, contradict one of the details included in the Department of Justice’s account of what happened that evening, according to a source familiar with the Pelosi investigation who personally viewed the body camera footage and spoke to the NBC Bay Area Investigative Unit.
In recent days, the Department of Justice and the San Francisco District Attorney’s Office have outlined differing accounts of who opened the door when police responded to Pelosi’s 911 call. (read more with video report)
The facts as described in the FBI report are not accurate.
NBC corporate suspended journalist Miquel Almaguer for reporting the correct facts.
NBC2 Bay Area, Bigad Shaban, confirms the Almaguer report with the police after the midterms.
This FBI report is false:



Nerves are on edge as the police in/around Moscow, Idaho, admit today the person or persons who murdered four University of Idaho students is still unknown.
In the early morning hours of Sunday four students were stabbed to death in their off-campus residence. Media descriptions of the scene are gruesome in the extreme as blood was reported to be oozing from the floor and building.
The victims (pictured left) are Ethan Chapin, 20; Madison Mogen, 21; Xana Kernodle, 20; and Kaylee Goncalves, 21, who police say were attacked with an “edged weapon” likely a knife.
All four victims were killed by stabbing. There were two other people in the house who did not hear anything and are not suspects.
According to Fox news, Police have not recovered a weapon or publicly identified a suspect in the quadruple homicide, which has shaken the small town of 25,000 people. (more)

In the prediction section of the recent Twitter discussion {Go Deep} CTH mentioned the reason and unspoken motive behind a prediction that multinational corporations would start to pull their advertising money from Elon Musk.

We are simply in an era where there is no distinction between the WEF guidance for multinational corporations and the instructions toward governments’ they support. Free speech and freedom of expression are against both their interests.
Multinational corporations are political entities. The former distinctions between the private and public sector have been purposefully erased. Evidence can be found in the vaccination mandate and within corporate responses to voter outcomes during elections. {Go Deep}
As predicted, it begins….
(Via Wall Street Journal) – Food company General Mills Inc., Oreo maker Mondelez International Inc., Pfizer Inc. and Volkswagen/Audi are among a growing list of brands that have temporarily paused their Twitter advertising in the wake of the takeover of the company by Elon Musk, according to people familiar with the matter.
Some advertisers are concerned that Mr. Musk could scale back content moderation, which they worry would lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty at the company as top executives exit and Mr. Musk considers a raft of changes, some of the people said.
Kelsey Roemhildt, a spokeswoman for General Mills, whose brands include Cheerios, Bisquick and Häagen-Dazs, confirmed the company has paused Twitter ads. “As always, we will continue to monitor this new direction and evaluate our marketing spend,” she said.
A Twitter representative didn’t immediately respond to a request for comment.
General Motors Co. paused its spending on the social-media platform last week.
Several ad buyers say they expect the number of brands pausing Twitter ads to rise. They say that the platform isn’t considered a must-buy for many advertisers, with far larger budgets going to tech giants such as Alphabet Inc.’s Google and Meta Platforms Inc., and that pausing makes sense during the bumpy transition under Mr. Musk.
Many executives on Madison Avenue are uneasy with the rash of sudden executive departures from Twitter’s advertising sales and marketing units. Among those who have exited are Chief Customer Officer Sarah Personette, Chief Marketing Officer Leslie Berland, and Jean-Philippe Maheu, Twitter’s vice president of global client solutions. Those executives helped reassure advertisers that their ad dollars were being spent wisely and appropriately on Twitter. (read more)
Fascism was traditionally defined as an authoritarian government working hand-in-glove with corporations to achieve objectives. A centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.
That system of government didn’t work in the long-term, because the underlying principles of free people reject government authoritarianism. Fascist governments collapsed, and the corporate beneficiaries were nulled and scorned for participating. Then, along came a new approach to achieve the same objective.
The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time, it was the multinational corporations who organized to tell the government(s) what to do.
The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate with them, in order to be rewarded by them. Corporatism was/is the outcome. The government is now doing what the multinationals tell them to do, and in return the multinationals install the compliant politicians.
Fascism, the cooperation between government and corporations, is still the underlying premise; the World Economic Forum simply flipped the internal dynamic putting the corporations in charge of handing out the instructions.

What results is a slightly modified definition of fascism:
…A massive multinational corporate conglomerate; telling a centralized autocratic government leader what to do; and using severe economic and social regimentation as a control mechanism; combined with forcible suppression of opposition by both the corporations and government.
Doesn’t that define our current reality, especially visible in the era of COVID?
The instructions from the multinational corporations to government would be called the “Great Reset“, or as commonly transposed by the government officials receiving the instructions, “Build Back Better”.


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