Yellen: Most Americans Feel Good About Their Own Economic Situation


Armstrong Economic Blog/Inflation Re-Posted Aug 17, 2023 by Martin Armstrong

How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as a whole as doing less well than they are personally. But most Americans feel good about their own economic situation.”

The CNN reporter questioning Yellen mentioned a poll in question showing that 75% of Americans realize that the economy is in poor condition. Another 63% said they disapprove of how President Biden is addressing the economic crisis. The reporter asked Yellen if she could assure the people that prices would go down, and she said no. Inflation allegedly is declining based on government data but people are still paying significantly more for absolutely everything.

Yellen is completely in bed with the WEF and the BUILD BACK BETTER global elite. She admitted that the true reason behind the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted. She is either mentally impaired or dismissive of the true struggles Americans face. Since Biden is incapable of campaigning, Yellen is traveling around the states and touting the imaginary success of Bidenomics.

The most inflationary driver is war. When questioned, Yellen said it was simply Russia’s fault that the US was involved in this proxy war, and only the Russian economy is suffering. There are now questions on whether the white powdery substance found in the White House belongs to Yellen. She recently called the US debt downgrade “arbitrary” and disagrees with the data. She does not speak as an authority on economics, but rather, she speaks as if she were a puppet of the WEF implanted in government to spread economic-related propaganda.

Oliver Anthony Worldwide


Armstrong Economics Blog/WEF Re-Posted Aug 16, 2023 by Martin Armstrong

COMMENT: Not only has Oliver Anthony’s songs gone viral here (NA) but also in China. Messages indicate that any kind of attempt to reference/share to his songs is now banned across WeChat. Apparently, there is a cleverly-worded Mandarin “rap version” circulating.
So the emotions appear to be universal and now…possibly something like “star spangled banner” as far as focus for a lot of disaffected workers…Every major change needs a proper emotional “anchor” and this appears to be possible here…
Did the Romans or other civilizations that collapsed experience music/song as part of the downfall?
take care,
YK

REPLY: Our client base is in the millions worldwide. I get interview requests from around the globe. That is definitely showing that many people around the world are coming to similar conclusions. The elite are being driven by Schwab and his deranged ideas. As I have said, he is a control freak in how he runs his WEF. He is trying desperately to do that to the entire world. He has ZERO respect for humanity and our freedom from tyranny as well as freedom of thought.

Nigel Victory is an Issue in USA as well!


Armstrong Economics Blog/Politics Re-Posted Aug 16, 2023 by Martin Armstrong

Maui Suffers from America-Last Policies


Armstrong Economics Blog/Corruption Re-Posted Aug 16, 2023 by Martin Armstrong

The fires in Maui claimed the lives of at least 99 people. Over a thousand people are still missing as crews rush to identify remains. This was the deadliest wildfire on US soil in over 100 years. There is a lot of speculation and conspiracy theories surrounding the fires, but one proven conspiracy is that the US government is putting America last.

On Sunday, the Federal Emergency Management Agency said it was too soon to calculate the damages, but a low estimate is $6 billion. The President of the United States made sure to address his main priority by sending a $200 million aid package to Ukraine this week.  “Air defense, anti-armor, and munitions will keep the Ukrainian armed forces in the fight to defend their country’s sovereignty, territory, and people,” Secretary of State Antony Blinken announced on Monday as search teams continued to search Maui for any survivors. This is chump change for Ukraine as the White House is seeking hundreds of billions in extra funds.

Joe Biden was spotted on the beaches of Delaware this weekend as Hawaii burned down. He refused to comment on the situation and did not let it interrupt his vacation. Biden finally took to X (formerly Twitter) to address the crisis. “We’re laser-focused on getting aid to survivors, including Critical Needs Assistance: a one-time $700 payment per household offering relief during an unimaginable difficult time. We have the staff on the ground dedicated to helping survivors navigate the registration process.”

So Hawaii received $1.8 million in aid. What is $700 going to do for the people who lost everything and perhaps everyone? In comparison, a foreign nation received $200 million this week. We are witnessing what happens when the government pivots from America-First to America-Last policies.

Mercedes-Benz Disconnects from Russia


Armstrong Economics Blog/World Trade Re-Posted Aug 16, 2023 by Martin Armstrong

As my readers know, part of the Great Reset is to eliminate private car ownership under the premise of climate change. But technology has become a new tool that manufacturers and the global elite can use to limit the freedom of movement. German automaker Mercedes-Benz recently declared that Russians will be removed from their software. Yet, Germany is technically not at war with Russia, and this is a penalty for civilians.

Dealerships are rushing to find loopholes, such as connecting vehicles to European IP addresses. Russian customers will have access to a limited online service that shows if part of the vehicle’s system is failing. Why would someone want to maintain the payments on a luxury vehicle if they’re not receiving full support? Mercedes-Benz will no longer export vehicles to Russia, marking a 1.4 billion euro loss for the company. Their plant in Moscow was discontinued in April, where they previously manufactured 30,000 cars per year.

This opens a new door for tyranny and control as car manufacturers can now directly punish the people of any nation. Germany is allegedly not at war with Russia, but they have the ability to prevent Russians from properly maintaining their vehicles. This is just the beginning, as now car manufacturers will have the power to disconnect customers from services with no repercussions. They state that only the wealthy Russian oligarchs can afford Mercedes, but that is simply not true. These smart cars have added maintenance requirements, and the software must be updated frequently. So, they’re ensuring that Mercedes in Russia become obsolete in the near future.

Daimler, one of the largest auto companies in the world, is a World Economic Forum partner. Mercedes-Benz Group AG was formerly known as Daimler AG as the companies are connected. Yes, there is an active plan in place to end private car ownership by 2050.