Tag Archives: Prime Minister Justin Trudeau Removing Attorney Client Privilege

May 16 2023

Zelensky: Ukraine Will Win War before 2024 US Elections


Armstrong Economics Blog/War Re-Posted May 16, 2023 by Martin Armstrong

I have said it countless times – the only way they will keep Biden in power is to enter the war. The US and all NATO nations have already unofficially entered the war by supplying soldiers and a blank check to Ukraine and attempting to nuke Russia’s economy by removing it from SWIFT and placing outrageous sanctions on individual citizens. Now, Zelensky is saying he believes Ukraine will achieve victory before the 2024 US Presidential Elections.

No one is going to “win” this war. Neither side can back down now without a full-scale global conflict. The US will likely officially enter the war before the 2024 US Presidential Election. Zelensky confidently stated that regardless of who wins our independent election, the leader of the free world (allegedly) will still support the war in Ukraine. He’s right! There are neocons on both sides of the aisle and no one will permit Trump to win even if the people elect him.

During Trump’s town hall meeting, the first-time people actually tuned in to CNN, he said that deaths on both sides could have been prevented. Everyone is talking about strategy and winning as if we are playing Battleship. Mothers are losing their sons every day, and human nature never changes. The Ukrainian mother mourns her son the same as the Russian mother, and neither had a say in this completely preventable conflict. DeSantis has also said that backing Ukraine is not a priority for the US. “We cannot prioritize intervention in an escalating foreign war over the defense of our own homeland,” DeSantis declared.

Trump ruffled feathers in Europe as president. He warned Germany that they were too dependent on Russian energy, and they laughed in his face. He threatened to exit NATO is other nations failed to pay their fair share. Trump is still standing firm on his position that the US has less to lose and has accused Europe on unfairly relying on the US. His former vice president disagrees, as Mike Pence, a potential candidate, as stated. “We support those who fight our enemies on their shores, so we will not have to fight them ourselves,” wrote Pence. UN Ambassador (the title gives it away) Nikki Haley also wants to continue fighting the proxy war in the US.

Democratic candidate Robert F. Kennedy is also against the war. Kennedy tweeted:

“In 2019 actor and comedian Volodymyr Zelensky ran as the peace candidate winning the Ukrainian presidency with 70% of the vote. As Benjamin Abelow observes in his brilliant book, “How the West Brought War to Ukraine,” Zelensky almost certainly could have avoided the 2022 war with Russia simply by uttering five words — “I will not join NATO.” But pressured by NeoCons in the Biden White House, and by violent fascist elements within the Ukrainian government, Zelensky integrated his army with NATO’s and allowed the U.S. to place nuclear-capable Aegis missile launchers along Ukraine’s 1,200-mile border with Russia. These were provocations that senior U.S. diplomats like post-WWII foreign policy architect George Kennan, former U.S. Defense Secretary Bill Perry, and former U.S. ambassador to Moscow Jack Matlock had long described as “red lines” for Russian leadership. Let’s face it, the Neocons wanted this war with Russia, just as they wanted war with Iraq. Listen here to NATO Supreme Commander General Wesley Clark describe how White House Neocons justified the Iraq invasion.”

I have posted the video he shared with this tweet at the top of this article. I have been criticized for analyzing Kennedy’s economic and environmentalist views, but I am not for or against anyone and would not write someone off simply because of their political party. I believe he is right in his views regarding Ukraine and COVID, although I may disagree with him on other items. Again, anyone against the establishment is going to have a rough time leading up to the election.

Everyone in the establishment craves war; hence, the machine will ensure that the US is positioned where they MUST enter the war. I wish I were wrong, but the computer has always been right. The War Cycle turned up in 2014 and only indicates a further escalation.

May 16 2023

Pasta Prices Soar 20% in Italy – The Return of the Pasta Cartel?


Armstrong Economics Blog/Inflation Re-Posted May 16, 2023 by Martin Armstrong

(image above represents shrinkflation — an additional burden to consumers)

Italy’s Industry Minister Adolfo Urso called for an emergency meeting to discuss the sharp uptick in food prices. Pasta alone is up nearly 20%, and this is a major problem in a country where 60% of residents report eating this item daily. Some provinces are seeing a 58% increase in this staple item. Siena, Tuscany, reported pasta rising from $1.50 a kilo to $2.37 a kilo within in a year. The European Central Bank stated that inflation reached 8.1% in March, so what is driving these food prices?

Some may point to wheat, the main ingredient, as the recent usurping of farmland and the Ukraine war had an impact on prices. However, wheat prices have actually declined in recent months. Durum wheat is down 30% since May of last year. The only other ingredient required to make pasta is water.

Coldiretti, Italy’s biggest farmers association, said that farmers are not seeing an uptick in revenue and are struggling to make ends meet. “There is no justification for the increases other than pure speculation on the part of the large food groups who also want to supplement their budgets with extra profits,” Assoutenti president Furio Truzzi told the Washington Post. Yet, food manufacturers are claiming that this spike in pasta costs in temporary and a result of pasta produced during the beginning of the Ukraine war and energy crisis.

This is not the first time that Italy has seen a rise in food prices. Italian authorities raised 26 pasta manufacturers in 2009 and fined the industry 12.5 million euros for creating what Reuters described as a “pasta cartel.” Around 90% of pasta makers in the country were in on the price gouging scheme that operated from May 2006 until May 2008, during which pasta prices rose 51.8% for retailers and 26% for consumers. Barilla, the largest pasta producer at the time, received the largest fine of 5.7 million euros.

Food inflation is a major problem across the world. In Italy, overall food prices rose 12.6% in April 2023, marking a slight decline from March’s 13.2% reading. This is unsustainably high. The overall inflation numbers put forth by government agencies are always the best-case scenario as they do not want us to see the true damage of inflation.

May 15 2023

Oxford’s Protests Against 15-Minute Cities


Armstrong Economics Blog/WEF re-Posted May 15, 2023 by Martin Armstrong

Those who see what is coming are beginning to resist the Great Reset. Ultimately, their plan to create a one-world government will fail but it will take firm resistance. As one reader mentioned, English residents of Oxford began protesting the 15-minute city concept in March. Thousands of people took to the streets to protest what they deemed a “Stalinist-style, closed city.”

Media agencies such as Politico are calling protestors far-right extremists. Yet thousands have joined the “Not Our Future” group to tell the global elite that they will not willingly surrender. Oxford’s city council agreed to implement these cities within the next 20 years. Reporter Mark Dolan said the “dystopian” city planning would create “”a surveillance culture that would make Pyongyang envious.” Tory MP Nick Fletcher called them an “international socialist concept” intended to “take away personal freedoms.”

Bloomberg News condemned the protestors as well, calling them “a case study in conspiracy paranoia.” They also called lockdowns a conspiracy before they happened. The plans for these cities are out in the open. Schwab clearly states his plan for the Great Reset in interviews, books, online writings, and conferences. He boasts about infiltrating cabinets across the globe. Every politician in recent years has had a big “BUILD BACK BETTER” logo on their podium. Everyone is suddenly pushing for the same non-existent issues such as creating legislation against naturally occurring weather patterns. It is in our faces, people. This is public information that the masses choose to ignore because it is upsetting.

As a reminder, here are some of the projections from the WEF for Agenda 2030:

  • All products will have become services
  • There is a global price on carbon
  • US dominance is over. We now have a handful of global powers
  • Virtual health assistants will replace human doctors
  • You will eat less meat
  • Refugees will be CEOs
  • The values that built the West will have been tested to the breaking point
  • Digital tech will close the gender and wealth gap
  • A global family of fun and functional cities
  • Technology in space underpins security on earth
  • You will own nothing and be happy

Again, this is all public information that can be found on the World Economic Forum’s website.

May 13 2023

Yellen & Biden Should be Impeached to Save America?


Armstrong Economics Blog/Gov’t Incompetence Re-Posted May 12, 2023 by Martin Armstrong

Janet Yellen has become way too partisan to be a trustworthy government official. Since Biden now says he will nominate a Latina for Fed governor regardless if they are qualified or not is precisely why SVB failed for starters. Everyone just wants to be WOKE and hire people based entirely on their race or gender preference. SVB hired risk managers to check a box. Why is Yellen still there? She would be fired being a white over-the-hill official. Or is it that she is just like Biden and says whatever the people writing cue cards instruct her to say next?

All Yellen does now is illustrated if she had any economic qualification, she is either corrupted or senile. Yellen just preached that the Biden Administration should be allowed to spend recklessly and it’s all Republican fault about a default. She said that the US will default somewhere if the debt limit isn’t raised. How about we start with ending the Ukrainian black hole? How about the $3 trillion unaccounted for in the Pentagon budget?

Janet Yellen and Biden should not wear masks, they should be gagged. Yellen only claims doom and gloom and it is all the Republican fault. She said that they will have to renege on “some obligation, whether it’s Treasuries or payments to Social Security recipients,” if Congress fails to act. You can bet that she will default on Social Security before anything else to inflict as much pain on people and then blame the Republicans for the next election.

Neither Biden nor Yellen should be in office. They are spending recklessly with no regard for the economy or the American people. What they have given Ukraine would have paid off ALL student loans. They constantly screw the American people all for the agendas of the Neocons and the Climate Change zealots. Since the FBI infiltrated the Catholic Church because of this gender nonsense, all Catholics should go light a candle and pray for the United States to be spilt soon than later. It is rapidly approaching the time to just turn out the lights on this failed experiment.

Once upon a time, this was supposed to be a country run by We the People.

May 13 2023

Interview: The Real Rate of Inflation


Armstrong Economics Blog/Armstrong in the Media Re-Posted May 13, 2023 by Martin Armstrong

May 12 2023

15-Minute Cities – Accessory Dwelling Units (ADUs)


Armstrong Economics Blog/Real Estate Re-Posted May 12, 2023 by Martin Armstrong

Let’s take a closer look at Accessory Dwelling Units (ADUs) that have been proposed for 15-minute cities. These small units are typically under 1,000 sq ft and were once considered secondary structures on an existing residential lot. Think of what we once considered “in-law suites” or guest houses. There are numerous designs for ADUs, but 15-minute cities will seek to create connected units to house as many people as possible. The exact plans for ADUs within 15-minute cities are shrouded in mystery, but we can ascertain what they have planned based on other proposed policies.

“You will own nothing,” as these structures will be built upon government and/or privately owned land for the people to rent. The 15-minute city is marketed as a futuristic town where everyone will live within 15 minutes of essential services. Some may say that large cities already meet this criterion, but the difference is that people currently have the ability to own their properties. Excess will not be possible in ADUs due to size. The World Economic Forum is also proposing more “micro-housing units” or “plug-in houses” that will be no larger than 500 sq ft. Cars will be unnecessary in these sustainable cities, as reducing fossil fuels and sustainability is the top priority.

Senseable City Lab analyzed 40 million mobile devices to analyze how and where people travel. The study backed by MIT found that people tend to travel 7 miles for essentials, which is much further than what is being proposed for 15-minute cities. Hence, the ADUs proposed for the 15-minute cities will be connected, one on top of the other, for this to work logistically.

Regulations and zoning restrictions need to be altered or dismantled for these cities to work. Another issue is equity and eliminating our “unfair” capitalistic societies where some have more than others. The C40 Knowledge Hub explains this premise to “build back better” in detail throughout their writings.

“In a successful 15-minute city, everyone would have the opportunity to live in a 15-minute neighbourhood. It is vital that cities prioritise 15-minute city-style investments for lower-income neighbourhoods and those that are most underserved, informed by the baseline mapping of existing amenities in each neighbourhood. Just as critically, take steps to ensure that existing local populations in those neighbourhoods are not displaced through the process of gentrification, or feel excluded due to changes to local identity. Cities should also pursue opportunities to build affordable homes and diversify the mix of homes within neighbourhoods.”

Equality in this manner does not meet the dictionary definition, as equality is intended to “prioritize the most underserved neighbourhoods and disadvantaged groups.” Hence numerous policies are being brought forth that penalize the middle class with taxes, shrinking the group that was once the bulk of modernized societies.

Sustainability, equality, and going green are cited as the main reasons to “build back better” with these 15-minute cities. However, the real motive here is control and power. They are discussing controlling everything, including food production. They are making it increasingly harder for the average person to obtain housing, whether it be rentals or owning. These AUDs will be brought forth as perhaps the only solution for permanent housing. Yet, they are making it clear that those dwelling in these structures will have landlords who may become overlords as the people relinquish all their freedoms to exist.

May 12 2023

British Government has Lost its Mind


Armstrong Economics Blog/Gov’t Incompetence Re-Posted May 12, 2023 by Martin Armstrong

QUESTION: The rumor was that you were considering coming to London to hold a quick update WEC. Is there any chance of that?

WJ

ANSWER: You have good sources. Yes, I was considering that. Since the UK has insanely crossed Putin’s “red line” by sending Ukraine long-range “Storm Shadow” missiles to use in its fighting against Russia, I am not sure London is a viable place anymore.  Ukraine is NOT trustworthy. Why do they need long-range missiles unless they intend to attack Moscow? Germany sunk the Lusitania because the US was secretly sending arms on passenger ships to London. Britain has made that mistake with Ukraine.

Britain has just put its own national security and its citizens at risk all for what? This war would NEVER have taken place if the West did not lie and simply honored the Minsk Agreement and let those people in the Donbas, which are Russian, not Ukrainian, decide their own future. That was OK for Kiev, but not the Russians?

Those in the Donbas had a basic human right to vote on their own future. This is a war against Russia to conquer it. Handing these missiles to Ukraine will provoke Russia and would even justify attacking Britain according to the basic rules of war. They use these to attack Moscow, and Russia would be justified to attack London. This is a BS war that was to destroy Russia from the start.

The British Defense Secretary Ben Wallace told lawmakers in the House of Commons that Storm Shadow missiles “are now going into or are in” Ukraine, but he did not say how many Britain was planning to send.

I love London. I miss it very much. But the British government is out of its mind putting all of Britain at risk for Ukraine? These people making these decisions are just Neocons who love war all the time.

Wars should be fought between leaders – not the people. Put them all in a room and let them sort it out and leave the people alone. But the truth is, your children are expendable. They risk NOTHING themselves. You mean less than nothing to these people. By their decisions, they prove we do NOT live in a democracy. For Wallace to unilaterally send those long-range missiles without the people’s approval shows he is not a trustworthy individual who should be in charge of even being a meter-maid for parking tickets.

So it does not look good for a WEC in London. I would have to ask my staff how they would feel.

May 10 2023

The 14th Amendment & the Destruction of the United States


Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted May 10, 2023 by Martin Armstrong

Interpretation of the Constitution is often caught up in controversy. What is beautiful to one person is average or ugly to another. The best construction regarding law was the cornerstone of Justice Scalia who I regard as probably one of the most brilliant minds that ever sat on the bench. Of course, the left will send me hate mail on that one because they did not like the outcome. But Scalia held to what is known as Strict Construction which requires a judge to apply the text only as it is written. Once the court has a clear meaning of the text, no further investigation is required.

I will give you an example of the “liberal” wing and how they want to interpret the Constitution. They cannot even define what is a WOMAN anymore. I am waiting for them to declare the LGBQT have been so disadvantaged, that they will be exempt from also paying taxes since they are exempt from all social regulations. Since I like women, then I should “identify” as a Lesbian and enjoy all sorts of protection and be exempt from taxation.

This entire WOKE agenda has gone nuts. Just because some guy has a sex change does not justify changing all the definitions of everything and changing all social norms. Women’s sports have been completely destroyed.  What about the girls that hoped to break records and win scholarships? Nothing works anymore. Just because a guy changes his sex does not make him a woman who can have biological children which is different from carrying a child because they now have a uterus. There is still a difference! Why must a woman surrender her identity? The simple solution was there are males and females, and in Thailand, the transgenders simply identify as a ladyboy.

This is precisely the same irrational interpretation they are using to justify the 14th Amendment which will destroy everything and this is far more serious than just suspending debt payments. By invoking this 14th Amendment, there will never be a debt ceiling and then you will have runaway inflation, taxation, and a complete breakdown in all liberty. The executive can then use executive orders to deny Congress even the opportunity to vote on any spending. The head of the EU did that to buy 3 times the number of vaccines from Pfizer than the population of Europe. And Ukraine put out the propaganda that they are fighting to preserve democracy yet refuse to honor the Minsk Agreement to allow the Donbas to vote! Our Western governments have killed democracy long ago and executive order circumvents everything – it is the tool of choice for dictators.

To illustrate the constitutional crisis, Garrett Epps, who was a professor of law at the University of Baltimore until his retirement in June 2020, wrote back on November 22, 2022, claiming that the Constitution’s text bars the federal government from defaulting on the debt  “even a little, even for a short while.” Epps claims that “[t]here’s a case to be made that if Congress decides to default on the debt, the president has the power and the obligation to pay it without congressional permission, even if that requires borrowing more money to do so.” I tried really hard to follow his legal argument and I could not with any Strict  Construction Interpretation. Quite frankly, he also probably cannot define what is a woman either.

The “Intent” behind the 14th Amendment has nothing to do with this argument of default. Britain suspended the gold standard and declared a moratorium on debt during the Great Depression – they resumed. The City of Detroit suspended its debt payments in 1937 and resumed in 1963. Yet people insist there was no default. What is the definition of “default”? That traditionally means the abandonment of all obligations on a permanent basis. There is NOTHING in the statutory construction nor in the Constitution that would bar a “suspension” of debt payments. Ukraine suspended its debt until the US paid everything for them so they did not default.

Looking at the 14th Amendment, Section 4 provides that “the validity of the public debt of the United States … shall not be questioned.” The “intent” of that was that the debt incurred by the North was to be the national debt and the Confederate States would not question having to pay those debts. But it continued and made it clear that it would not honor any debts incurred by the Confederate States to fund their side of the war.

In order to understand what this means, we must turn to Statutory Construction which begins by FIRST looking at the plain language of the Amendment to determine its original intent. We must look at the words to determine the original intent and apply their usual and ordinary meanings. If after looking at the language and the meaning remains unclear, then we must attempt to ascertain what was the intent of the legislature by looking at legislative history and other related sources. Normally, a court must not create an interpretation that would create an absurd result that would be counter to the original Legislature’s intent.

Epps claims that “Shall not be questioned” doesn’t mean “shall be paid most of the time unless you can score political points against the other party by not paying it.” That is creating an absurd result and opening the door to the total collapse of the United States. Article I, Section 8 is pretty clear that borrowing and repaying indebtedness are congressional, not executive, powers! Article I would be nullified if the 14th Amendment granted the power to the president to spend as he wants and to pay all debts when that is expressly the power of Congress.

Now we turn to 31 USC §3101 which some try to claim is UNCONSTITUTIONAL and therefore there should be no debt limit. Up to now, this statute has proved to be a good tool for forcing budgetary reform aimed at debt reduction.

The statute was passed in 1982 and became law. The ORIGINAL intent was to do precisely what it has been used for. The only grounds for it to be unconstitutional is if Congress did not have the power to limit the debt. Looking at Article I, this entire argument that Biden can just pay debt and spend without the approval of Congress is the death knell to the Constitution. This is a direct assault upon the separation of powers between the President (Executive branch) and Congress. Since Article I delegates all questions of debt to Congress, I cannot rationally see where Congress lacked the power to curtail the debt when that was the original intent as well.

The ONLY person who wants those provisions to be UNCONSTITUTIONAL so they can spend whatever is left-wing and they have ZERO intention of EVER paying off the national debt. This is really a fraud on their part because you borrow with only the intent to repay the debt. Lacking that, their actions are totally UNCONSTITUTIONAL and a fraud upon the people of the United States and the world.

May 10 2023

The Largest Landlord in the US


Armstrong Economics Blog/Real Estate Re-Posted May 10, 2023 by Martin Armstrong

Anyone familiar with the housing market conditions post-pandemic knows that cash buyers and institutions consistently outbid the average buyer. I know a realtor who has spoken primarily to consultants working on behalf of companies, and they’re willing to purchase properties over-market on a consistent basis. They know they can buy these properties and rent them out for a fraction of what they paid because they have the liquidity to do so. Currently, BlackRock is the largest landlord in America, with over $120 billion in residential real estate.

BlackRock has invested significantly in mortgage securities since the pandemic. The company insists that they are not purchasing single-family homes, meaning they’re not flipping homes to resell. “Our focus is on building single-family rental housing that can be managed and operated similar to multifamily properties with dedicated property management, leasing and amenities,” the company’s website states. “Additionally, BlackRock invests in multifamily properties, apartment complexes, and other residential real estate.”

The goal is to own as much land as possible so that the people can become perpetual renters. BlackRock also is part of the World Economic Forum and promises “sustainability” and “ESG integration,” and is a member of GRESB (formerly the Global Real Estate Sustainability Benchmark). GRESB is the global standard for providing and acquiring real estate and infrastructure in a sustainable way.

BlackRock noted that “displacement” from the pandemic and other economic downturns will provide a great investment opportunity. “In the near-term, we expect dislocation and opportunity, yet there is greater dispersion between markets and sectors with logistics of storage, high-quality residential, and data centers having emerged as clear winners, while hotel, retail, and student housing will likely face a longer road to recovery.” They’ve been on top of the downturn in real estate since the beginning. This is not limited to the US as they have investments and branches worldwide.

BlackRock is one of many institutions purchasing land and real estate at a rapid pace. Invitation Homes, a BlackRock investor, owns over 80,000 single-family rentals in the US alone. Again, the goal is to profit off of rental income. This is another reason inventory is at a historic low and will remain tight since most institutions do not plan to sell the real estate they have acquired.

May 10 2023

US City to Roll Out Guaranteed Basic Income


Armstrong Economics Blog/USA Current Events Re-Posted May 10, 2023 by Martin Armstrong

The “Rise Up Cambridge: Cash Payments for Families with Kids” will provide low-income households with a monthly check for $500 to test guaranteed basic income. Those eligible are families with children who earn under 250% of the federal poverty level ($75K for a family of four). The 18-month program will not be based on a lottery like other guaranteed basic income rollouts, and anyone eligible may apply. The city has allotted $22 million for the initiative and expects around 2,000 families to apply.

The money to fund the program will primarily come from the American Rescue Plan, distributing our Federal tax dollars to others, and some independent donors will pitch in too. This program is only eligible for people with children under 21 and will not make a noticeable dent in the homeless population, nor will it help the elderly who live alone. That said, families with children already receive the most in Federal funds and if they’re living in high-cost Cambridge, chances are they’re receiving income elsewhere. The cost of living in Cambridge is 73% higher than the national average. The median rental price is around $4,277 per month, and the median home price is over $1.4 million.

“We want to stabilize as many households as possible and make sure that they have a chance to continue to stay in our city that, you know, is not easy to stay in,” Cambridge Mayor Sumbul Siddiqui stated. A $500 payment in a high-cost city will never financially stabilize families. Instead, it will increase inflation and bypasses the middle class. Unlike traditional welfare programs, those eligible will receive direct deposit payments that they may spend as they see fit.

The American Rescue plan was not marketed as a guaranteed basic income initiative. Siddiqui is buying votes with Federal funds. The city is pricing out the middle class by providing handouts to those who cannot afford to live in an expensive city. Free money becomes like a drug and the people become hooked on receiving that monthly direct deposit. But, as with all drug, they will become dependent and will need more and more as the cost of living increases. This will only incentivize people to not work and vote for politicians who promise handouts at the expense of responsible taxpayers.