Noble Scientist says Climate Change is a Hoax


Armstrong Economics Blog/Climate Re-Posted Jul 15, 2023 by Martin Armstrong

Dr. John Clauser, the co-winner of the 2022 Nobel Physics prize has come out and said the whole nonsense of Climate Change caused exclusively by CO2 is an absolute HOAX. Anyone who has ever studied physics cannot possibly conclude otherwise. There is absolutely NOTHING that can ever be reduced to a single cause and effect in anything. It is always a complex dynamic.

Here is Bill Gates who I would not trust to walk my dog admitting that blaming CO2 is not without dispute. There is just nothing, even in market movements, that can be reduced to a single cause and effect – PERIOD! Perhaps he should have paid attention in physics class, assuming he took it.

One of our clients was one of the top 5 Australian mining companies. Their CFO lost more than $50 million in the currency. They ordered him to meet with me. He knew my track record and said perhaps it was just a coincidence. Finally, I asked him what his background was. He hesitated and said physics. I said GREAT! Now look at the market through the Second Law of Thermodynamics. His jaw dropped and said – OMG, there has to be a cycle. I said you got it.

Heat always moves from hotter objects to colder objects (or “downhill”), unless energy in some form is supplied to reverse the direction of heat flow. 

The second law of thermodynamics establishes the concept of entropy as a physical property of a thermodynamic system.

Human activity cannot possibly create a one-way street that is the typical linear analysis that if the temperature rises by 1 degree per year, then in 50 years we will be all dead. That is like saying since the stock market rose 1,000 points this year, it continue to do so for the next 50 years. It is just an absurdity and thereby it is a HOAX for nobody in their right mind would ever make such an honest forecast of this nature. According to all this nonsense, we should have been dead by now.

Greta Thunberg deleted a 2018 tweet about the urgency of addressing climate change. Her tweet included a quote from an article that said an influential scientist warned climate change “will wipe out all humanity” unless fossil fuel use was ended “over the next five years.” Some have said that Great misquoted him since he claimed he never made such comments. Anyway, we are still alive – thank you linear analysis.

How to Gain Control Over the Most Intelligent Species on the Planet (video)


Armstrong Economics Blog/Great Reset Re-Posted Jul 15, 2023 by Martin Armstrong

Chicago Suburb To Pay Reparations


Armstrong Economics Blog/USA Current Events Re-Posted Jul 14, 2023 by Martin Armstrong

Chicago is crumbling to the ground. What do the politicians plan to do to fix the problem? Buy votes! The Chicago upper-middle-class suburb of Evanston, Illinois, approved a $10 million reparation package in 2019. The city will now hand out $25,000 to 140 black residents over the age of 18 who lived in the area between 1919-1969. “I see it as like a test run for the whole country,” stated Justin Hansford, head of the Thurgood Marshall Civil Rights Center at Howard University.

Of course, they have not properly funded the trial program. Initially, the committee agreed to use taxes from marijuana sales. When that wasn’t enough, they took funding from real estate taxes. They have less than $1.2 million after years of searching for funding and will be hunting down the public for additional taxes. Let’s do the math here — $25K for 140 people is only $3.5 million. Do they need the extra $6.5 million to fund the committee and politicians? The greed from every angle is unbelievable.

Some activists are already complaining that the generous $25,000 free handout is not enough. One woman who received her free check during the initial trial told the New York Post that it is only “a good start.” She blew the entire thing on home renovations and it certainly didn’t heal her ancestral wounds that she needed money to heal. Give an inch, and people will take a mile. Reparations are not economically feasible by any means and creating further inflationary conditions will hurt the dollar in general.

They are creating a racial divide between a small percentage of the country and everyone else. Only a small portion of Americans had ancestors that were slave owners, and even then, the law does not expect future generations to pay for the misdoings of the past. The nation is crumbling because we are divided on everything from race, religion, sexuality, and politics. We use every term to define ourselves other than “Americans.” The average person is struggling to make ends meet as living prices have become unsustainable. There will be a civil war if people are expected to give others their hard-earned money without reason. These politicians are creating an upheaval by using tax dollars to buy votes and it will not end well.

Biden Orders 3,000 Reservists Activated for European Command Deployment


Posted originally on the CTH on July 13, 2023 | Sundance

This is not good. Apparently, the 20,000 additional troops sent to Europe last year bringing the total to 100,000 are not enough.

Earlier today Joe Biden signed an order activating 3,000 reserve troops to be ready for deployment as part of Operation Atlantic Resolve.  [White House Announcement]

WHITE HOUSE – “By the authority vested in me as President by the Constitution and the laws of the United States of America, including sections 121 and 12304 of title 10, United States Code, I hereby determine that it is necessary to augment the active Armed Forces of the United States for the effective conduct of Operation Atlantic Resolve in and around the United States European Command’s area of responsibility.  

In furtherance of this operation, under the stated authority, I hereby authorize the Secretary of Defense, and the Secretary of Homeland Security with respect to the Coast Guard when it is not operating as a service in the Navy, under their respective jurisdictions, to order to active duty any units, and any individual members not assigned to a unit organized to serve as a unit of the Selected Reserve, or any member in the Individual Ready Reserve mobilization category and designated as essential under regulations prescribed by the Secretary concerned, not to exceed 3,000 total members at any one time, of whom not more than 450 may be members of the Individual Ready Reserve, as they deem necessary, and to terminate the service of those units and members ordered to active duty.” (link

Politico has further information from the Pentagon:

[…] “This reaffirms the unwavering support and commitment to the defense of NATO’s eastern flank in the wake of Russia’s illegal and unprovoked war on Ukraine,” Lt. Gen. Douglas Sims, the director of operations for the Joint Staff, told reporters on Thursday.

While the move gives the military’s European Command “greater flexibility” to defend the continent, it will not change the actual force levels in Europe, Capt. Bill Speaks, a spokesperson for U.S. European Command, said in a statement.

The president’s order also for the first time designates Operation Atlantic Resolve, the U.S. effort in Europe, as a contingency operation, which allows the Pentagon to call up reserve forces and implement sped-up acquisition authorities to supply those troops with equipment.

The designation not only allows the president to mobilize reservists, but also ensures they are paid and supported as active-duty troops. It also provides support for families and dependents of any reservists who might be deployed. (read more)

Spain’s Climate Minister Caught Faking Bike Transit for Cameras


Armstrong Economics Blog/Climate Re-Posted Jul 13, 2023 by Martin Armstrong

The above video is complete climate propaganda.

The climate zealots are laughing at us from their private jets. They swear doomsday is around the corner and the commoners must abandon all basic comforts to save the world. Their predictions have never come to fruition because they are based on nonsense. Spanish climate minister Teresa Ribera was caught faking a bike commute for cameras, and it is not the first time a climate tzar was caught pulling such an act.

Ribera flew on a private jet to attend a climate conference, where the elite decide what the Great Unwashed should forego. She hopped into a private car and drove 100 meters to the venue. Then, cameras captured her taking out a bicycle to ride the 100 meters to the venue. Pure propaganda.

The Great Unwashed must blindly obey why the fraudulent rulers mock us. Ribera boarded a private jet 17 times in 2022, costing taxpayers €170,000. She traveled via private jet 16 times in the past seven months, totaling €160,000. Do you think she cares about her carbon footprint?

Ribera is a World Economic Forum proponent, obviously, and participated in the C40 Cities Summit. She supports reducing air travel, meat consumption, and private car ownership. She said all cars must have zero emissions by 2040 to reach decarbonization by 2050. In fact, she believes all gas engines should be banned by 2035. As a former UN climate negotiator, she pressured the EU to abandon the Energy Charter Treaty. She pushed Spain to move away from coal and nuclear energy by 2030. She is simply another deep state minion hoping that the people are ignorant enough to believe that they are responsible for natural changes in the weather. Rules for thee but not for me will be more apparent than ever as we move toward the Great Reset goal.

Grooming Legal in Canada


Armstrong Economics Blog/WOKE Re-Posted Jul 13, 2023 by Martin Armstrong

The woke elite are winning. Their agenda is sickening and deserves to be exposed. As seen in the video above, a YouTuber (the new independent journalists) walked around a Toronto PRIDE event and asked everyone what the hell they were doing walking around naked. What is wrong with people? Trudeau arrested the Trucker Convoy protestors, but turned a blind eye to indecent exposure in front of children in the name of supporting the woke agenda. Again, the woke agenda is tied to the larger agenda of the Great Reset.

“Nudity: 174 (1) Every one who, without lawful excuse,

  • (a) is nude in a public place, or
  • (b) is nude and exposed to public view while on private property, whether or not the property is his own,
  • is guilty of an offence punishable on summary conviction.
  • Marginal note: Nude “(2) For the purposes of this section, a person is nude who is so clad as to offend against public decency or order.”

The Toronto Police were told not to arrest protestors. Don’t make the Young Globalist Leader look bad by arresting those supporting the mass psyop. Yet, last year the police were instructed to arrest a PASTOR “making comments that were disparaging towards the LGBTQ community” by speaking out at a pride event. They investigated pastor David Lynn for a possible hate crime, and he was held in jail overnight. They charged him with mischief and causing a disturbance. YouTube removed the video of his arrest, which showed him simply reciting the Bible and not yelling any profanities. And yet, the Canadian police are permitting grown men to parade around naked in front of children. The woke agenda should be clear by now.

UN Proposes Easing SWIFT Sanctions in Exchange for Russian Black Sea Grain Export


Posted originally on the CTH on July 12, 2023 | Sundance 

The sanctions levied against Russia by the collective West have essentially failed.  There is inconvenience within Russia amid ordinary citizens for global and economic transactions, but most of the govt transactions have continued.

On the opposite side of the consequence coin, absent the ability to purchase consumer goods on the global market, Russian domestic consumer independence has grown dramatically.  There is more stuff being made and created inside Russia, for Russians to purchase, than ever before.

I cannot see how the Russian GDP doesn’t benefit from this in the long-term.

Then again, I don’t buy the official Western narrative about the “horrible” life inside Russia, because I talk to ordinary middle class Russians who seem to have found a way to organize life without too much disturbance.

Russia is actually a case study in the elimination of imports and the economic outcomes therein.

It doesn’t suck to be a consumer; average Russians are doing fine, and it seems to get better over time.  Ironically, give them a few more years of Western sanctions, and Russia could be a manufacturing powerhouse.  Russia is a big country with a lot of raw material resources.

UNITED NATIONS, July 12 (Reuters) – U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters.

Russia has threatened to ditch the grain deal, which expires on Monday, because several demands to dispatch its own grain and fertilizer abroad have not been met. The last two ships traveling under the Black Sea agreement are currently loading cargoes at the Ukrainian port of Odesa ahead of the deadline.

A key demand by Moscow is the reconnection of the Russian agricultural bank Rosselkhozbank to the SWIFT international payment network. It was cut off by the European Union in June 2022 over Russia’s invasion of Ukraine. An EU spokesperson said in May the EU was not considering reinstating Russian banks.

However, the EU is considering connecting to SWIFT a subsidiary of Rosselkhozbank to allow specifically for grain and fertilizer transactions, three sources familiar with discussions told Reuters on Wednesday. The European Commission did not immediately respond to a request for comment. (read more)

Zelenskyy is the Bud Light of the NATO summit. 😂

BRICS & The Gold Backed Currency Idea


Armstrong Economics Blog/Gold Re-Posted Jul 12, 2023 by Martin Armstrong

QUESTION: Marty,

Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt?

Tks for all the light u share in a confusing economic landscape.

Cbeers
.baldy

ANSWER: It is unlikely that we are looking at a BRICS single currency like the euro, for that would require a central monetary authority, surrender of sovereignty as in Brussels, end any possibility of QE, etc. We would need to completely collapse the idea of Keynesian Economics insofar as it has evolved, allowing deficit spending.

There is no special magic to gold. It was first restricted to only kings, for it was considered to be the tears from the sun god. As more gold was discovered, it began to be used for the jewelry of wealthy aristocrats. Then it became used as money in its natural form, known as electrum, a natural alloy of gold mixed with silver.

Then they refined the gold electrum and created the first bimetallic coinage around 560 BC. This required a sufficient supply of gold to create a money supply. As the quantity increased, the value of gold declined relative to both silver as well as commodities in general – inflation.

The real argument behind gold as a backing is that its quantity is limited. However, over the centuries, the silver/gold ratio has fluctuated anywhere from 8:1 to 120:1. From this perspective, the real objective here is to prevent the government from creating money at will. Thanks to Keynesian Economics, governments have the power to create money at will, allowing them to retain power and exert it in their endless wars thanks to the Neocons.

The real objective here with the issue of BRICS is that both Russian and China object to the dollar being the reserve currency in the middle of geopolitical tension. Yet the Biden Administration has undermined everything by removing Russia from SWIFT. That set in motion the collapse of globalization, and it has shown to the world that the US now controls the SWIFT system, which renders it no longer politically neutral.

This is where the IMF is trying to desperately move in for the kill to replace the dollar with their electronic digital currency. This is really no better because the IMF will also play political games. Strauss-Kahn was appointed managing director of the IMF on September 28, 2007, with the backing of then–President of France Nicolas Sarkozy. He was set up, and in New York, they came up with a maid in a hotel who claimed he tried to rape her. They wanted to remove him became he was independent. He served in that capacity until he was forced to resign on May 18, 2011. All the charges were later dismissed for the lack of any credibility. Yet, his replacement was Obama’s friend Christine Legard, a board member of the economic terrorist organization, the World Economic Forum. She was installed in the IMF and immediately threatened all the tax havens to turn over all their secret accounts so they would be removed from SWIFT. She also threatened the Vatican.

We are clearly staring into the eyes of a major global sovereign debt default. This is also why they are pushing for war. They plan on holding another Bretton Woods II, and the IMF will make its pitch to rule the world. This is all part of the scheme for this one-world government.

BoC Study: 59% of Canadians Willing to Accept CBDC


Armstrong Economics Blog/Central Banks Re-Posted Jul 12, 2023 by Martin Armstrong

The masses do not realize what CBDC really entails. It is marketed as a convenient and modern way to bank. In truth it is a tool for control, an important tool that governments need to usher in the Great Reset. A recent poll by the Bank of Canada aimed to see how willingly the public would accept a new digital currency. Surprisingly, the majority said they were willing to make the switch without hesitation.

An alarming 59% of respondents said they are willing to switch to CBDC once available. They do not realize that they won’t have a choice in the matter. Around 43% said they were “somewhat willing” to accept CBDC. Then 11% said they were “very willing” and 5% “extremely willing.” Only 25% said they would not make the switch, which again will not be optional. Only 16% admitted that they do not understand the concept.

It appears that the public does not understand the risks involved. Over half (51%) said they were confident the central bank would securely handle their transactions and data. Around 56% said they were concerned about the potential for fraud, cyber attacks (53%), personal data misuse (44%), and lack of anonymity (35%). The central bank, of course, did not ask the real question – Are you comfortable with the government controlling all of your financial transactions?

Eighteen of the G20 countries have already begun developing digital currencies. The real threat here is that CBDC will provide governments will full access to our finances. We see how easily private banks de-bank individuals. Trudeau was able to cancel accounts of protestors and their alleged supporters in an instant.

CBDC would allow government to deny people access to their finances entirely, especially since cash will not be an alternative. The WEF wants to link individual IDs to the banking system and throw in social credit scores for good measure. A WEF spokesman recently said during the Summer Davos that they would like to control what people buy and ban unapproved purchases. Then they will ensure no money goes off the grid as governments want to tax us into oblivion. Now is the time to show resistance to the idea. Once they implement these policies, there is no going back. They will give us a timeframe to convert our cash to a CBDC and then governments will have complete control over our finances.