RT reached out to Martin Armstrong for an economist’s view on the Ukrainian conflict. Click here for a quick interview that explains why Zelensky has no incentive to seek peace.
Despite all the propaganda that was put out by John McCain, Putin was selected by Yeltsin because he was being blackmailed on the one side by the oligarchs in July 1999 and the communists on the other who introduced a motion in the Duma to impeach him for corruption that was related to the Bank of New York scandal.
Putin NEVER sought to resurrect the old USSR. In fact, he was the ONLY Russian leader to even criticize Lenin as just a bolshevik who destroyed a great empire of the Tsars. Lost in the pages of history, Russia at the time in 1917 had the largest gold reserves of any nation. Those gold reserves vanished and to this day have not been found. It was believed that they were hidden to prevent the Communists from seizing them.
Putin was there to restore Russia after the oligarchs plundered it and the Harvard boys who advised Russia on how to make the transition from Communism to Capitalism utterly never understood the most basic element of such a transition – the people. Putin’s most important achievement of his 20 years in power was restoring normalcy and stability to Russia. He went after the oligarchs and told them they could keep their money, but to stop interfering in politics.
The unwritten history that has been omitted from all books on the subject is that in 1991 when the USSR collapsed, NATO solicited Gorbachev to join NATO. That was one of the reasons there was a coup against him for the hardliners saw this would be a surrender of Russia to the USA. That is when Yeltsin stood on the tank and became President. Yeltsin was himself corrupt and he actually facilitated the rise of the oligarchs.
When Yeltsin turned to Putin out of desperation, the people cheered for Putin was neither an oligarch nor a communist. Despite the propaganda from the West, Putin truly enjoyed a 70%+ approval rating for the people neither wanted to lose all freedom to the communists and the oligarchs exploited the people to gain wealth.
Putin has refused to institute a draft to shore up Russian forces. However, despite all the propaganda that pours out of Ukraine, removing Putin will turn Russia very hard right and they are already criticizing Putin for being too soft.
There has been the strategy that inflation is rising and if Putin is smart, he will turn off the gas to Europe for the winter and show them how insane this is to (1) fuel a proxy war against Russia, and (2) push this Great Reset and the Green Agenda.
Basically, the hope remains that the West loses interest in supporting Ukraine as the costs rise. That’s been Russia’s hope and Ukraine’s dread before, but it seems more unlikely than ever at the moment before winter comes.
The most serious threat to Putin is losing the support of the elites. At the moment, Putin is the balance in the middle between hawks who want to see him crush Ukraine, and doves who want a peace settlement. As it stands now, the hawks would win for the West does not seek any peace and Zelensky says Kissenger is living in 1938 and refuses to yield one inch of territory to Russia. The Ukrainian Neo-Nazis instantly attacked the Donbas in 2014 and even put out a slogan that Crimea will be Ukrainian or Crimea will be depopulated. The hatred there is not going to ever vanish. The only reasonable solution is to allow the Donbas to vote, but since they are mostly ethnic Russians, Kyiv will never accept their vote.
It appears that the volatility will rise after this coming week. The Ukrainians may be forcing Putin’s hand to placate the Hawks since the Doves have been rejected by the West. NATO was Behind the Surprise Offensive In Kharkiv. Yet this victory for Ukraine was more of a staged PR event. The region was being held by local police units, not the Russian army which is in the South. Russia has achieved a 10:1 kill ratio against the Ukrainians in the region of the Donbas which is key. The Ukrainian forces that attacked Kharkiv were in effect a NATO army with the full support of Western intelligence and tactics. Because Kharkiv was held by police-type forces rather than the Russian army, it was clearly done for a PR event to raise morale and to get the West to send more money under the theory that Putin is on the run.
Welcome to the new “democratic norms” in the industrialized west as Germany seizes the private assets of Russian owned energy company Rosneft; because oil refining is critical to fuel prices and German has just realized their vulnerability.
Within this new Build Back Better system, driven by the policies of western nations, it appears things are changing quickly. Democracy or capitalism in Germany is now quickly dispatched, as socialism -state control- becomes the priority.
Heck, I’m old enough to remember when everyone decried China’s authoritarian economic model for doing the exact same thing as Germany (a few months ago). But, well, we must pretend not to notice these things comrades….
(Reuters) – BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.
The economy ministry said it was putting a unit of Russian oil firm Rosneft (ROSN.MM) under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.
“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator. (read more)
Who knew economic security was national security?
Now, let’s start talking about USA food exports, shall we?
Also, I’ll take “Things That Won’t End Well” for $1000, Alex.
There are reports on the Russian General SVR Telegram channel, which tends to be an anti-Putin station, that is claiming there was an inside-job attempt to assassinate Putin with an attack on his motorcade. He was not harmed. They are claiming that the first car of the convoy was blocked by an ambulance, but the second car made a slight detour and did not stop. A loud bang was supposedly heard from Putin’s car, but it continued and arrived safely at the president’s residence.
They further claimed that the body of a man was then found driving the ambulance. They have reported that the head of the president’s bodyguards and several other people have been suspended and are in custody. Nobody has been named and there is no other news service that has reported this claim.
When we look at our models, the real higher volatility and the turning point in Russia appear to be in October, which is also a Panic cycle in the ruble. What we do see is that the Ukrainians carried out assassination hits in Russia. They have been trying to target Putin to kill him without success so far. They tried to kill Aleksandr Dugin with a car bomb, but they killed his daughter Darya Dugina. This is the car bombing of a pro-Putin supporter in Moscow. The sheer hatred between Ukrainian and Russians is legendary and as such the likelihood of this ever reaching peace is unlikely.
My sources continue to suggest that removing Putin will escalate things, not stop them. The hardliners will seize power and that will not be good going into 2023. Claiming they have Putin on the run is not going to win the day in Ukraine. It runs the risk of really escalating things for the hardliners in Moscow are criticizing Putin for being too soft on Ukraine. He for the first time started to attack their power grid. The hardliners will push for a serious attack against Ukraine rather than just securing the Donbas.
The International Monetary Fund is not the only option for countries in desperate need of funding. The Financial Times recently reported that China has been sending out tens of billions in secretive “emergency loans” to countries facing financial hardship.
China and others have been known to invest in emerging or struggling economies, but China seems to be upping its aid and has provided more funds than even the World Bank. AidData revealed that Pakistan, Argentina, and Sri Lanka alone had received $32.83 billion since 2017. Former Vice President Mike Pence accused China of using “’debt diplomacy’ to expand its influence. [China] is offering hundreds of billions of dollars in infrastructure loans to governments from Asia to Africa to Europe and even Latin America. Yet the terms of those loans are opaque at best, and the benefits invariably flow overwhelmingly to Beijing.” Pence claimed that China would prey upon poor nations and take ownership of key infrastructure upon default. Another example of the pot calling the kettle black, so to speak.
Pence used the example of Sri Lanka who was pushed into default, opening room for China to construct a military base in the port of Hambantota. The Atlantic published an article in 2021 to say that Pence’s claims of China ushering in their military to Sri Lanka was a lie, as if China wouldn’t jump on such an opportunity. Last month, in August 2022, China dispatched military ships to Hambantota with the intention of using the port for dual commercial and military use. Remember that Sri Lanka recently overthrew its president and has been in utter disarray — their economy completely collapsed.
“Sri Lanka needs financial assistance, and it would not want to displease China by revoking the permission,” Jehan Perera, executive director of the National Peace Council of Sri Lanka, told VOA. At this time, they are not building a military base, but it is possible as Chinese companies took out a 99-year lease on the area in 2017. Sri Lanka was seeking a loan from the IMF, but they were unwilling to take on such risky debt. Business is business. Sri Lanka was desperate, and China was willing to come to their aid, but governments only act in their self-interest and would not take on risks if they did not see a way to monetize that risk.
So yes, China is willing to take on the risks that the IMF will not. Unlike the IMF, China does not need to disclose its investments. China is investing less in US and Western debt and has turned its attention to indebted nations. This may be one of the reasons that our computer predicts China will become the next financial capital of the world by 2037.25.
Imagine going to jail for three long years for heating your home or business. That now may become a reality in Switzerland, where heating your home above 19 C (66.2 F) is considered excessive and a punishable offense. Water may not be heated above 60C (140F), and saunas and hot tubs powered by radiant heaters are prohibited. Indoor swimming pools also must remain cold.
Markus Sporndli, a spokesman for the Federal Department of Finance, said that people could be charged a daily fine of 30 francs for disobeying, but the fee could spike to 3,000 francs. The government is warning that there could be “spot checks” and said they would send authorities if someone reports a resident or business for breaking the law. Switzerland imposed fines and expected neighbors to turn on one another for COVID, and this is yet another power grab.
The law is still being finalized, but this is yet another way for the government to turn the common person into a criminal. The government, not the people, created this energy crisis and now demands that the people suffer for their mismanagement. Some are calling these measures “Green fascism” or “ecofascism.”
Historian Michael E. Zimmerman defined ecofascism as follows: “a totalitarian government that requires individuals to sacrifice their interests to the well-being of the ‘land,’ understood as the splendid web of life, or the organic whole of nature, including peoples and their states.” Expect to see this trend rise as temperatures decline.
Within the politics of Sweden, the ‘Sweden Democrat‘ party is the equivalent of MAGA Republicans. As a result, the European media call them “far-right.”
As the results of last weekend’s election are finally tabulated, the anti-globalist parties in Sweden have surged to victory. With all of the consequences from globalist policies creating havoc in the country, the political dynamic in Sweden has now flipped.
Do not let this election outcome slip your geopolitical reference point. Current Swedish Prime Minister Magdalena Andersson has lost the majority coalition. She has resigned. European leftists are shocked and big mad.
(Dutsche Welle) – Sweden’s right-wing opposition appears to have won in a razor-thin electoral race. The big winner of the elections are the far-right Sweden Democrats, who could become part of government for the first time.Sweden’s right-wing opposition appears to have won a thin majority in the country’s parliament with nearly all votes counted.
Swedish Prime Minister Magdalena Andersson said that she would resign and that preliminary results were clear enough to draw conclusions. She said that it was important that Sweden gets a new government as soon as possible.
Leader of the nationalist Sweden Democrats, Jimmie Akesson, declared victory and pledged to “put Sweden first.”
Coalition leader Ulf Kristersson of the conservative Moderates is likely to become Prime Minister.
The results were too close to call before postal and overseas votes had been included into the count. So far, the Moderates, Sweden Democrats, Christian Democrats and Liberals hold a two-seat lead over the governing Social Democrats.
Some 99% of votes from all 6,578 voting districts had been counted by late on Wednesday. If results were confirmed, the right-wing opposition would win 176 seats in the 349-seat parliament.
As the current count shows, just 47,000 votes separate the left- and right-wing blocs from each other.
The governing Social Democrats and its coalition would win 173 seats in this instance, the tallies showed.
Never before have the Sweden Democrats, a party who relies on anti-immigration and nationalist rhetoric, been part of a government. The party has so far won more than 20 percent of ballots, becoming the second-biggest party behind outgoing Prime Minister Magdalena Andersson’s Social Democrats, which have dominated Swedish politics since the 1930s. (more)
The far left is eager to repeal 2A. We are not as free as we think. The International Organization for Standardization (ISO), an organization headquartered all the way in Geneva, will be tracking all gun purchases made on credit. The ISO develops standard documentation that is globally recognized. Gun sales were previously listed as “general merchandise,” but the ISO is changing the code.
If you purchase a gun through a credit card, an international agency will document the purchase. Cash is still an option for now, but I expect it will become increasingly difficult to gain access to firearms – at least for those who plan to purchase them legally.
Visa is eager to participate. “Following ISO’s decision to establish a new merchant category code, Visa will proceed with next steps, while ensuring we protect all legal commerce on the Visa network in accordance with our long-standing rules,” they said in a statement. American Express said that they would work with a third-party processor (more people with access to your data) and will implement the code once the details are finalized. Mastercard said they will “turn our focus to how it will be implemented by merchants and their banks as we continue to support lawful purchases on our network while protecting the privacy and decisions of individual cardholders.”
Every credit company will comply. The National Rifle Association is pushing back, but the change is already underway. “The [industry’s] decision to create a firearm-specific code is nothing more than a capitulation to anti-gun politicians and activists bent on eroding the rights of law-abiding Americans one transaction at a time,” National Rifle Association spokesman Lars Dalseide stated to Fox Business.
As a reminder, criminals have access to guns. Joe Biden continually calls on Congress to ban assault weapons, but that is the beginning. Not so coincidentally, Joe Biden’s own family members illegally discarded a gun in a trash can outside a school, but that’s (D)ifferent. The Second Amendment is under fire, and the people must vote accordingly.
As the European Central Bank (ECB) finally begins to raise rates, Greece is rushing to repay its outstanding debt. The failure to consolidate eurozone debt hurt the southern nation, whose debt spiked due to simple currency conversion. Greece remains the most indebted country in the EU. The country received its third bailout in 2018 and has been struggling to pay off its debt, relying mostly on bonds.
Greece is making its next payout ahead of schedule, as it knows that the amount owed will only rise. Greece is set to repay 2.7 billion euros, according to the finance ministry. However, this is a small piece of what they owe as debts have more than tripled since the start of the year.
As the eurozone is facing an inevitable recession, Brussels is sure to hunt down its debts. Greece has been put in a lose-lose situation as its initial debt spiked after the drachma was converted to the euro. Greece’s debt to GDP has soared since joining the euro. The ratio is expected to reach 186.1% by the end of the year, which is slightly better than 2020 (206.3%) and 2021 (193.3%).
The entire EU Crisis began precisely on schedule on the political pi turning point from the major high in 2007. Precisely on the day of the ECM turning point, April 16, 2010 (2010.29), Greece notified the International Monetary Fund (IMF) that it was on the verge of bankruptcy. The eurozone and IMF provided Greece with a 260 billion euro loan – a small price to pay to prevent the European economy from crashing. Greece repaid the IMF 28 billion between 2010 and 2014. More money was requested a few years later. Fast forward to 2022, and Greece needed an additional 7 billion euros through bond sales. They are simply trying to stay afloat.
Well, the Goldbugs are out in force claiming that Putin is creating a Moscow World Standard for gold. These people will never learn that their dream of some fixed gold standard has always collapsed throughout history. They have never played in the big leagues and consequently, they do not even understand the rules of the game. It’s like standing on the street corner and seeing a guy drive by in a black limo and lament life is not fair for they should be like him without ever knowing what he is really all about.
Yes, gold coins existed since the 8th century BC. However, it was NEVER a gold standard for if that was even attempted, it would have collapsed as did Bretton Woods, the 19997 Asian Currency Crisis, the Swiss-Euro Peg, or the collapse of the British pound in the ERM Crisis that made Soros a fortune. NEVER throughout all the recorded financial history of the world was there EVER a “gold standard” as they keep telling people. Gold floating up and down with the economy the same as the dollar does today – it was always a floating exchange rate monetary system.
There were periods when the gold coinage of Byzantium was debased especially during the Great Monetary Crisis of 1092. The coins that were once gold, we debased to the point they became silver.
Even the ratio of silver to gold was never constant. There were times when new discoveries of silver poured from the mines leading to the decline in purchasing power of the silver. Likewise, there were times when gold became more common than silver. Even during the California Gold Rush of 1849, the purchasing power of gold declined sharply because there was too much of it coming around.
So why do their relentless theories of a return to a gold standard fail and only end up with people losing their shirts, pants, their home, and sometimes their wives? The answer is SIMPLE, yet they cannot escape their own beliefs that have turned gold into a religion. There can NEVER be any FIX EXCHANGE RATE regardless of whether it is gold, silver, bronze, paper dollars, or sea shells – yes they too were money along with cattle and slave girls.
For you see, there is such a thing as a BUSINESS CYCLE. They simply refuse to understand the basic monetary theory or the history of money, which had been many things for over 6,000 years. It does not matter what the money might be at any point in time, it will decline in value as assets rise which we call inflation, and as people need cash and assets decline, we call that a recession. That has ALWAYS taken place regardless of the century, what was money at the time, or the culture. This is WHY there can NEVER be a “gold standard” that will ever survive for that is COMMUNISM where you prevent a recession by eliminating freedom. For you see, Marx tried to stop this business cycle so he confiscated all private assets and even that failed to prevent the business cycle from winning.
Even Fed Chairman during the collapse of Bretton Woods explained its epitaph. The business cycle ALWAYS wins! That simply means gold will rise and fall in value BECAUSE of the business cycle. It is not some scheme to manipulate it. That is part of the natural cycle.
Gold has been around for a long time. In Egypt, they had the first paper money. There were warehouse receipts for the grain you would deposit. Gold was seen as the tears of the god Ra, the sun god. The only person who was worthy to touch it was the Pharaoh. The Celts used gold in ring form, not coins. But throughout the entire history of gold, it rose and fell and had no such FIXED value.
So, as the goldbugs are pushing the latest that Russia is now establishing a gold standard, they do not understand what is really going on. Russia has been turning from Europe and America toward Asia expanding its markets and its economic power even to include India and Iran. Putin has persuaded Middle Eastern oil and gas producers to turn to Asia. Some have accused me of advising Putin in his latest speech everything he said and what he is doing is coming from our models. I do not advise Putin personally. Of course, we have many readers in Russia as well. I was even called by RT about how our model predicted Ukraine would be the hot spot one year in advance.
Biden has destroyed the world economy. I believe that even Bill Browder may be just a front for the CIA pushing this agenda that is actually undermining the West – not Russia. The world economy has been divided in two and it will NEVER return to normal. Putin is very smart. Probably far smarter than any other world leader at this time. Both Russia and China see the world in cycles. In Europe and America, we see the world as linear and that is our downfall.
Lady Margaret Thacher spoke at our World Economic Conference in 1996. She understood about cycles. As she told me that Tony Blair would win well before there were any polls, she said it was “just time.” The downfall of the West is that we do not see the world in cycles. It is Just Time, for the rein of the United States to come to an end.
Even Bill Clinton told Yeltsin after meeting Putin, “He’s a very smart man.” Putin sees the rising power of Asia in what is their Industrial Revolution. Biden’s insane sanctions against Russia have strengthened the bond with China, opposite of what Nixon did. Thanks to Biden’s sanctions, Russia is forging an alternative world order to that of the World Economic Form and its directive to Western leaders. Putin’s move to create a Moscow gold exchange is simply because he cannot sell gold anymore in the West. Putin, hopefully, will not be that stupid and try to fix a value of gold that would only ensure the collapse of Asia and Russia. Gold must be free to rise and fall as it has done for thousands of years.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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