Tag Archives: new world order

Sep 9 2020

ECB Thinking of Buying Bank Stocks


Armstrong Economics Blog/Central Banks

Re-Posted Sep 9, 2020 by Martin Armstrong

QUESTION: Buongiorno signor martin anche se mi piacerebbe chiamarla professore, è la Bce sta comprando azioni delle banche europee grz

AP

ANSWER: The ECB is looking into buying bank stocks because nobody else will. It is the only way to pretend they are meeting their capitalization. They are floating the idea of buying stocks, but they are not expressly saying bank stocks. It is another attempt to desperately try to hold on to this fiction. It will not succeed. They are buying stocks rather than doing bailouts. It amounts to the same thing, but they can claim it is not a bailout politically.

Sep 3 2020

Australian Tyranny – Is Revolution Coming?


Armstrong Economics Blog/Australia & Oceania

Posted Sep 2, 2020 by Martin Armstrong

This video shows the tyranny in Australia as they arrested a pregnant woman for posting about a protest against the lockdowns. We have warned that the War Cycle, which includes Civil Unrest, turned up in 2014 and will build into intensity by 2022. This is not a forecast that has ever given me any pleasure. The two components are international war and civil unrest which leads to revolution. The worst seems to be on schedule for the Pi Target after 2024 and the peak of this 8.6-year business cycle wave of the Economic Confidence Model.

On January 1, 1901, the six colonies joined together forming the Commonwealth of Australia. The Revolutionary Cycle in Australia turned up in 2013, just slightly before the global War Cycle which turned up in 2014. The actions of the Australian government have completely turned toward an absolute authoritarian reign. Here you see that they are indeed monitoring all social media arresting a pregnant woman for merely posting on Facebook that a protest would take place. Even the German high court ruled that the government could not stop the protest on August 29th, 2020. Here in Australia, you see that the government has rejected every principle of a free society. Typically, the West would impose sanctions against Australia blocking all trade for they are treating their people no different than Russia invading Crimea as the West alleges, Syria, or Iran. Don’t forget the allegations against Iraq that it was a dictatorship.

The Australian Civil Unrest Cycle should begin to pop next year in 2021 and build into intensity by 2026. These politicians will be voted out of office so there will most likely be claims that in the middle of such a crisis, elections will be suspended. These politicians cannot now allow a free election for anyone who would then side with the people would be moved to arrest these politicians and prosecute them. Therefore, as long as Australian police act like the ones in this video, there will eventually be blood in the streets.

 

After the previous turning point of August 7th, 1964 which picked the Gulf of Tonkin Resolution incident to the day, there were massive protests against the Vietnam War. This is also the era when the Beatles wrote the song Revolution. Today, they would probably be thrown in prison for daring to even sing it. In Britain, the BBC is banning a song Rule Britania because it says they will never be slaves.

Never in my wildest imagination did I ever expect such a wholesale coup against our freedoms. This is what the rest of us face from 2021 on. Politicians no longer represent the people. They have simply gone mad. There are elections coming in 2021 around many places globally. I would expect them to be rigged, or even suspended for those in power doing this sort of oppression will surely not be re-elected. This is a global coup because the socialistic systems are failures which include the pensions for government workers.

Aug 26 2020

Belarus & the Covert Civil Unrest


Armstrong Economics Blog/Civil Unrest

Re-Posted Aug 26, 2020 by Martin Armstrong

QUESTION: Dear Mr. Armstrong, I am writing from Lithuania, next to Belarus, which is is undergoing some serious civil unrest. It is anyone’s guess whether the presidential election outcome was faked/real, but the fact is that President Lukashenko is under serious pressure aimed at him being ousted. A question arises if the concerted effort to remove him was precipitated by his skeptical attitude towards all things covid19. I have to admit that I am no big fan of any dictator including Lukashenko, but the timing seems odd, as TPTB cannot care less for human rights abuse- Saudi Arabia is ok to them.

MY QUESTION IS IF BILL GATES IS PULLING THE STRINGS, as Lukashenko made a mockery of the corona affair? There were some obviously staged events in Lithuania to support the uprising in Belarus. And what worries me most, is the fact that participants were joining gloved hands and had masks on, sort of voluntary slaves. Ironically, the Belarus dictator let his people live their normal lives, including football games, when my Lithuania was under lockdown, and my 9 yo daughter has some anxiety issues since. Sort of Stockholm syndrome.

Keep up your great work.

PS

ANSWER: President Lukashenko is often called the accidental last dictator of Europe. There is no question that the Belarusian government has been against the climate change movement. Only in January 2020 did it announce an action plan to phase out polymer packaging. However, Lukashenko also rejected COVID-19 and did not lockdown his economy.

The rumor is that the opposition is being funded by Soros. Lukashenko accused the West of fomenting unrest as he sought to consolidate his grip on power amid widening protests. But it may not be governments, but clandestine activists on a global scale. Lukashenko spoke as the European Union rejected the official results of the vote. The EU naturally expressed its solidarity with protesters. The EU said it’s preparing sanctions against Belarusian officials responsible for the brutal post-election police actions. Lukashenko is also keeping in close contact with Putin in Russia.

Aug 18 2020

$30M Advance to WE Charity Still Outstanding?


WHERE’S THE MONEY?

Ken Grafton image

Re-posted from the Canada Free Press By  —— Bio and Archives—August 17, 2020

We Scandal, Justin Trudeau

For reasons not disclosed, WE Charity received a $30M advance payment from Employment and Social Development Canada (ESDC) in connection with the contribution agreement to administer the Canada Student Service Grant (CSSG) program.

The government has not confirmed repayment.

Questions regarding the program began almost immediately following the announcement on April 22nd by Prime Minister Trudeau of a $9-billion student aid package, which contained CSSG.

WE received payment(s) from the government amounting to $30M (for yet unspecified purposes)

While the contribution agreement with WE was not approved until June 23rd, WE started work on May 5th. According to testimony from Trudeau Chief of Staff Katie Telford before the Finance Committee, an unnamed official in the PMO spoke with WE on May 5th (in what must have been an interesting call), following approval of WE by the COVID-19 Cabinet Committee (on the basis of a recommendation from Youth Minister Bardish Chagger).

The PM testified however that he didn’t hear about WE in connection with CSSG until May 8th.

Cabinet approval was given on May 22nd, and the public service began negotiating an agreement with WE the following day…eighteen days after WE started work.

It was reported that although the contract was signed on June 23rd, it came into effect on May 5th (before the PM heard about it). If this sounds like complete nonsense, the “backdating” of contracts is generally permissible under Canadian Law…but not however for the purpose of misleading third parties (such as the public) or to circumvent Rules or Legislation (such as the requirement for Cabinet approval).

In the wake of growing controversy regarding conflict of interest and another investigation by Ethics Commissioner Mario Dion, cancellation of the WE agreement was announced on July 3rd.
Public confusion is forgivable here. The timeline is convoluted, but critical.

Somewhere between May 5th and July 3rd – and we can only assume that both the Ethics Committee and the Finance Committee will investigate transaction dates in order to determine whether any payments were made prior to signing the contract on June 3rd – WE received payment(s) from the government amounting to $30M (for yet unspecified purposes).

Where is the money now?

Appearing before the Ethics Committee Aug 11th, Chagger could not say how much of the $30M has been repaid by WE since the contract was finalized; “We can share that … $30 million has been released to the organization through the contribution agreement. I was not aware of how much money has been returned,” As Minister of Diversity, Inclusion and Youth, Chagger was responsible for CSSG.

Non-Liberal committee members, and many Canadians, were surprised to learn that Chagger didn’t know how much money had been recouped…and that it wasn’t a higher priority.

Conservative MP Michael Barrett asked, “Why hasn’t the money been returned at this point? That seems odd. It’s been quite some time since the program was cancelled or that WE withdrew…” Chagger responded, “We want to ensure that all processes are being followed. So, I can assure you that the public service is working with the organization to ensure that it is returned.”

According to a Global News article on Aug 11th, WE issued a statement saying that they have repaid $22M of the $30M handed out when the contract was signed, and have been waiting on the government to accept the remaining $8M…whatever that means. A WE spokesperson said, “WE Charity has repeatedly communicated to ESDC the desire to return the remaining funds as soon as the government is able to accept the transfer.” They did not elaborate as to why they hadn’t returned the full amount immediately, or why the government was having difficulty accepting the outstanding balance.

Due diligence has been one of many glaring anomalies with respect to WE-Gate, with questions regarding WE’s financial health.

In testimony before the Finance Committee, Kate Bahen of watchdog Charity Intelligence Canada, outlined how she used easy-to-access financial data to report that WE Charity had financial stress, “At August 2019 year-end, WE Charity had cash and investments (gross funding reserves) of $11.5m compared with $14.0m at year-end August 2018. WE Charity’s bank loans increased to $13.7m in 2019 compared with $11.1m in 2018. This creates a negative funding reserve of $2.2m. For the second year, WE Charity is in breach of its financial covenants on its bank debt. Its bank has waived these conditions for the current period.”

With the $1 trillion debt that the Liberals have incurred, Canada has already emptied the national piggy-bank…and every penny counts

This would be the point where the loans officer at your local bank branch stops returning your calls.

A cursory review of WE’s 2018 Audited Financial Statement should have raised red flags.

Alarmingly, clerk of the Privy Council Ian Shugart admitted that federal officials did not probe WE Charity’s financial situation or governance structure when doing homework on the $912-million deal.

It has also come out that the WE agreement was actually made with the WE Charity Foundation, a private company owned by WE founders Marc and Craig Kielburger, not WE Charity. The foundation has no employees or assets, other than WE Charity. Since the payment was made to what is effectively a holding company, recovery of the funds could prove problematic.

It is incumbent upon the Government to inform Canadians what the status of the $30M is exactly, and when it will be fully repaid. If $22M has indeed been repaid, the government needs to say so, and recover the remainder owed.

With the $1 trillion debt that the Liberals have incurred, Canada has already emptied the national piggy-bank…and every penny counts.

Where’s the money?