BREAKING! This is about to EXPLODE, Putin says he’s done negotiating | Redacted News


Redacted News Published originally on Rumble on December 6, 2022 

NATO led forces in Ukraine just killed a member of the Russian parliament in Donetsk. Russian President Vladimir Putin says he’s done negotiating with Ukraine. That means we are about to see a massive escalation of this war. Biden backs down on Iran and calls for negotiations as the press gets duped by “an end” to the morality police. We got our hands on Dr. Fauci’s 446 page deposition and it is stunning.

RUSSIA CLAIMS UKRAINE DRONES STRIKE AIR BASE


Newsmax TV Published originally on Rumble on December 6, 2022

After withstanding massive Russian missile attacks on their civilian population and power plants, Ukraine is fighting back. Ukraine’s defense ministry said it struck today inside Russia, hitting an air base near the city of kursk.

Futility of Price Controls


Armstrong Economics Blog/Economics Re-Posted Dec 7, 2022 by Martin Armstrong

COMMENT FROM HUNGARY: Dear Marty,
You were correct again. Price controls do not work in the long run. The Hungarian government introduced a price cap on gasoline and diesel a few months ago, but a few hours ago this evening they had to let it go(they “tried everything in their power to help but the damn bureaucrats in Brussels who voted for the sanctions”.etc etc.).

The holiday season, panic buying, no gas another nail into the trust in our government’s coffin.
Marty these people really have no clue what the hell they’re doing. We have several food products that also have price controls: Wheat, sugar, eggs, etc. And interestingly supermarkets simply stop selling them or they sell brown sugar (no price control) instead of white sugar (price controlled, the maximum amount you can purchase in one go is 3kg i believe). When will they learn (not admit) or at least stop blaming others for their own brain-dead decisions?

I honestly hope that whatever the hell comes after 2032 will be better than this nonsense.
Thanks for all you do Marty. Keep up the fight, and get some well-needed rest during the holidays. I reckon you’re getting more phone calls than usual…
All the best,
RH

ANSWER: You know the most astonishing fact is that this was not even my personal opinion. All one need do is consult history. NEVER has any attempt to freeze prices to prevent inflation EVER worked even once.

The Roman emperor Diocletian (284-305AD) tried to impose wage and price controls in an effort to prevent inflation that was soaring because of a collapse in confidence in the Roman government. The Edit on Maximum Prices was imposed during 201AD. It was an utter failure.

Even if we go back to the 4th century B.C., the Roman government bought corn (grain) and, in times of shortage, it re-sold it at a low fixed price to try to prevent inflation from shortages – as we have today. In 58BC, the Roman Senate went even further and granted every citizen free wheat. The politicians were trying to bribe the people as they are doing once again today. What happened was that the farmers began moving back to the city of Rome because they could live and eat without working – it was free. By the time Julius Caesar (100-44BC) crossed the Rubicon, one in three Romans was receiving government wheat. He was forced to create a census and found there were more people claiming welfare than there were possible people.

Those in government ALWAYS assume that since they possess a pen, they can write whatever law they desire and they will comply or be thrown in prison until they die. I was named FOREX Person of the Year in 2015 because we forecast the Euro/Swiss peg would break. I even met with the Swiss Central Bank and warned that the peg would break. I was told they would be able to hold it. I replied I think the odds are on my side since NOBODY in history has ever been able to do this. There was the British pound peh into the ERM the broking making Soros all his money. In 1997, there was the Asian Currency Crisis where all the pegs broke. then there was even Bretton Woods which was a fixed exchange rate that broke in 1971 and in 1973 I was called in for the first bank failure due to foreign exchange.

I have done my best trying to warn governments that they CANNOT fix currencies and even when they were forming the G5 with the Plaza Accord in 1985, I was called in and warned that lowering the dollar by 40% would lead to a major currency crisis and a crash by 1987. Never have they ever listened.

Perhaps, the ONLY time anyone in Europe or the United States than anyone in government ever listen was perhaps in 1997. They were starting the jawboning of the Yen for trade purposes once again. I wrote to Robert Rubin and he has Timothy Geithner respond who later became the Secretary of the Treasury. China has listened, but other than in 1997, I cannot say any central bank or government has EVER heeded my warnings that history is on my side – pegs NEVER work.

$80 Trillion Derivatives Market


Armstrong Economics Blog/Banking Crisis Re-Posted Dec 6, 2022 by Martin Armstrong

The Bank of International Settlements (BIS) has warned in its latest quarterly report that there is $80 trillion dollar in off-balance sheet dollar debt in the form of FX swaps. This has involved pension funds and other ‘non-bank’ financial firms.

What they do not explain is that each “debt” has a counterparty that has an “asset” and in theory, that works out to net zero. But there is counter-party risk that is not discussed. This doesn’t address the liquidity issue either. Still, it is not entirely a black hole as they seem to lead some to proclaim. What is also left unexplained or addressed is the question of if they are netting across all transactions. Many of the players in this market have offsetting positions. It is one thing to scream OMG the size of the stock market is too big, and another to yell fire in a crowded theater.

This $80 trill is effectively the derivatives market. It is what it is. Marking everything to market all the time isn’t a great answer either for there can be imbalances for a day or two in the middle of chaos. What is clear is that the BIS is raising concerns, in which it also said this year’s market upheaval took place without any major issues.

On the other hand, the BIS has been pushing central banks to raise rates to fight inflation which will only accelerate the crisis since it is shortage based. This is no different from the ’70s when there was an external price shock from OPEC,. Raising interest rates did nothing to prevent inflation, instead, it resulted in a strong dollar, the collapse of the pound to $1.03 in 1985, and the US national debt more than doubled on interest expenditures.

Nonetheless, the BIS has been quieter on the inflation front this time around. Just maybe, they are starting to realize that the old theories no longer work. The September UK government bond market turmoil was created by raising interest rates and the losses on holding long-term debt in the face of rising interest rates have been just the tip of the iceberg.

The FX swap markets have become huge. Our clients are well into the trillions these days whereas twenty years ago we had less than 5 clients at the $1 trillion threshold.

Nonetheless, the complexity of the cross-positions is the real risk. One side can blow out because of the chaos these braindead politicians are creating with this war against Russia.

12.3.22: Twitter Q&A brilliance unfolds. @JamesWoods responds. All related to PIZZ@. MUSK targeted. PRAY!


And We Know Published originally on Rumble on December 3, 2022 

A deep dark World Unveiled is the Country worth Saving?

Trading v Forecasts


Armstrong Economics Blog/Forecast Arrays Re-Posted Dec 5, 2022 by Martin Armstrong

COMMENT: Marty; you should not be so hard on yourself. Nobody has tried harder than you to alter the outcome. Socrates is just unbeatable. I shared your hope that gold would have just cracked $1000 and that would have been a sling-sot up. But it stopped at $1045 and the reversals were elected and that was the end of that. As a long-term trader, I understood what you meant. I remember 1985 when gold just broke $300 and the leading gold analyst ___________ threw in the towel. You called that low and that’s when I started following your work. You weren’t just an analyst, you were a trader.

So ease up. You have done your best. As you said at the WEC, nobody has tried to defeat your own model as much as you, but you have always lost.

I for one hope you do Dubai in the Spring. It would be nice to see everyone in person again.

PD

REPLY: Oh, yes. I remember that trade. It takes a trader to understand why I said if gold could crack $1,000, it would then be propelled straight up into a slingshot. Perhaps one of the most important trading tools is that the market is like a pendulum. The further it swings in one direction, the fast it will be propelled in the opposite. That is why when bubble markets peak, the vast majority of the decline takes place in two to three  key time units thereafter. The failure of gold to have cracked that $1,000 psychological level is also when it has languished thereafter.

Here is the Array from October 1984. It called all the moves correctly and the major low was February with the Panic Cycle the very next month. The next temp high was on the next Directional Change in August 1985.

I have to admit, probably the one forecast of Socrates that really impressed me personally was the Array we published in 1999, which you can find on the Wayback Machine. It had targeted a Panic Cycle in 2008 – 10 years in ADVANCE! It was projecting the collapse globally of the 2008-2009 Financial Crisis. Obviously, my personal comments are not forecasts. I cannot beat Socrates and nobody else can possibly beat it.

Trading observations are not forecasts. Even look at BitCoin Monthly. You see the standard 2-month decline, temp low, then the pendulum moves back in the opposite direction, but the power is diminished. The power is too strong on the decline side. These are just observations from being a trader. They are NOT the computer. So, yes, my comments are not forecasts but observations. The computer does the forecasting not me. Not even I can defeat Socrates.

The End of Freedom & Our Right to Even Vote


Armstrong Economics Blog/Politics Re-Posted Dec 5, 2022 by Martin Armstrong

Naturally, I have received emails from those on the left and Elon Musk appears to be rising to that coveted spot of hatred once monopolized by Trump. Musk has outright suggested that Twitter was acting under government orders to suppress free speech, with his remarks coming hot on the heels of the release of a trove of documents that lift the lid on some of the social media platform’s censorship machinations around the 2020 presidential election.

The problem is that the LEFT never looks at anything objective. They have their agenda to rule over everyone and it will always come down to civil war, violence, and blood in the streets because they will NEVER back down – it has to be their way of no way. They do not believe in any democratic process.

So while they will dismiss such stories as conspiracy theories, in New Zealand, the government has admitted that Facebook gave them direct access to flag what they wanted to be censored. The rumor behind the curtain is that Zuckerberg has provided the same privilege to the USA so he could get the authority to move into banking.

The LEFT has been moving globally to seize power and the risk remains that their objective is precisely one of the points of the WEF’s 8 forecasts – the end of Democracy. They want to seize power and become a dictatorship with their philosophy and strip us of our right to even vote. They argue that the system is collapsing so they need to seize all power, The future they envision is very dark and cold.

In all honesty, if we can buy online securely, then why can we not vote online? My staff could have written the code to allow national voting I bet in less than 30 days. NEVER in my entire life have we ever had to wait so long to find out who won an election. In the ’60s, we knew that night. With the advancement of technology, the method of voting has been moving back in time. Even in the Roman Empire, they knew who would win an election in less than 24 hours.

All of this chaos in voting is ominous indeed. It appears to be setting up the entire affair to end elections and we must then face just a usurpation of power. The net result of these elections is to undermine the public confidence in voting anyhow. Joseph Stalin perhaps is the only one to ever tell the truth about elections.

How Mainstream Media is Destroying the United States


Armstrong Economics Blog/Press Re-Posted Dec 5, 2022 by Martin Armstrong

It is becoming clear day by day why the mainstream media has been so against Elon Musk buying Twitter for as they say in law enforcement, there is a “Blue Code” where cops do not rat on cops and the same is true about judges. Mainstream media is so LEFT it has forgotten how to walk a straight line.  They are no longer the free press – they are propaganda organizations for the takeover of our country and in the process, they will cause civil war and the collapse of Western culture. The Biden Administration clearly violated the law by telling Twitter to delete photos of Hunter smoking crack cocaine which anyone else would be in prison.

The chaos and confusion behind closed doors at Twitter in the immediate aftermath of the October 2020 surface of Hunter Biden’s Laptop from Hell, has exposed that the very top-level execs at Twitter decided to label the New York Post’s story as “hacked material” without any evidence — behind the back of then-CEO and founder Jack Dorsey. Historically, those on the LEFT have always done whatever it takes to win for their very basic philosophy is to dominate society and to shut down all resistance.

The New York Times called on President Biden to create a “Reality Czar” to shut down all dissent, which they immediately label conspiracy theories without any real investigation. CNN has called on cable companies to drop Fox News as if everything CNN says is the gospel. We are living in a world where mainstream media has become the enemy of the people pushing a political agenda no different than the New York Times during the 1930s was urging Roosevelt to adopt communism.

The New York Times cheered Stalin and constantly reported that this was the way to the future – Stalinism. They seem to be preaching that again with a “Reality Czar” right out of Stalin’s handbook. They are supporting once again this move to a Marxist Utopia. The New York Times hid the truth about Stalin because they were in favor of Communism during the Great Depression. Stalin’s great economic miracle was achieved by taking all the food from Ukraine to pretend Communism was working in Russia causing over 7 million to starve to death. Today, they are cheering World War III to destroy Russia once more in hopes of adopting this Great Resetand imposing upon the world their cancel culture with a one-world government headed by the United Nations.

I strongly recommend you watch the movie, Mr. Jones. This exposes the TRUE STORY of how the New York Times tried to support Communism in the United States back then, with their top journalist, Walter Duranty (1884-1957), who was their main man in Moscow. The New York Times promoted him to be awarded the Pulitzer Prize for reporting on how Communism was Utopia and our future. When Gareth Jones (1905-1935) in March 1933 reported this was all a lie, the truth finally began to appear.

It took the New York Times until 1990 to admit that their reporting covered up the truth about Stalin and the massive starvation in an effort, like Schwab, once again, to sell “equality” as our salvation. The New York Times covered up the more than 7 million people who died of starvation in the Ukraine famine. The New York Times wrote that their reporting on the Russian Revolution constituted “some of the worst reporting to appear in this newspaper.” They never revoked his Pultizer Prize for writing fake news about Stalin.

Homeland Security and the FBI both said that Russia’s hack of the DNC did not involve altering the vote. In fact, it was his own paper that reported on November 25, 2016: “The Obama administration said on Friday that despite Russian attempts to undermine the presidential election, it has concluded that the results “accurately reflect the will of the American people.” So, were four years of stating the Russians put Trump in the White House, not misinformation?

PulitzerHearstWarYellowKids
Spaniards_search_women_1898

The constant lies the press has spun about Russia invading the US elections in 2016 and manipulations seem intent upon creating war, exactly as took place with the Spanish American War. We have returned to yellow journalism, which is based on sensationalism and crude exaggeration. Pulitzer and Hearst went head to head. I remember grade school history class blaming the Spanish American War on fake news. There is one such story that male Spanish officials were strip-searching American woman tourists in Cuba looking for claimed messages from rebels. This was the front page of Hearst’s newspaper showing what has become known as “yellow journalism” whereby the illustration was by Frederic Remington and published in the New York Journal, on February 12th, 1897.

Hearst’s New York Journal was called out for this fake news by its rival Joseph Pulitzer’s, New York World,  reporting that this story was erroneous and its graphically illustrated strip-search of a woman aboard a U.S. passenger steamer was fake. The Journal article was written by Richard Harding Davis, who reported that Spanish authorities boarded the U.S. steamer, the Olivette, as it prepared to leave Havana and searched several passengers for contraband. Among the passengers was a young Cuban woman named Clemencia Arango, whose brother was a leader in the insurgency against Spanish rule. The Journal’s article was ambiguous, implying the woman was strip-searched by men, which was created by the accompanying illustration of Frederic Remington.

The New York World attacked the Journal’s fake news, quoting Arango as denying that men had strip-searched her. That task, she said, had fallen to a matron, or “inspectress.” The Journalist Davis, in a letter to the World, then blamed Frederic Remington for having drawn “an imaginary picture” and insisted his dispatch had not reported that men had conducted the search.

Nevertheless, this story of the strip search discredited the Journal as being unreliable and prone to publishing “fakes” and other thinly documented reports. Welcome to the present where the New York Times and Washington Post seem to be carrying on in the same unreliable manner as well as ABC, CBS, NBC, and of course – CNN.

We will be publishing next year a special report on what the computer is projecting for the Decline and Fall of the United States and how it will separate as was the case for every civilization historically. Like the Roman Empire, the United States will separate into three regions. However, to the surprise of many, this will also include Canada. We will let everyone know when this report is ready.

Banks


Armstrong Economics Blog/Banking Crisis Re-Posted Dec 4, 2022 by Martin Armstrong

COMMENT: Thank you for all you do. Your input has guided me well.
I suspect my Bank is in deep trouble. _____ bank in ____ CA.
They specialize in small business. First red flag was freezing my account for no reason. I then bounced a check because my account was frozen. They could not give me a reason for freezing my account. Then they offered me, according to them, a great investment deal, that was the second red flag. Then I was contacted by a relationship manger. This was the third red flag.

Will be closing all my accounts with ______ next week.

MC

REPLY: There are clearly problems emerging since interest rates have risen and  many banks were not in a position to take the losses on long-term investments.

Always keep some cash. A word to the wise should be sufficient