Spoofing = Manipulation?


Armstrong Economics Blog/Traders Re-Posted Aug 23, 2023 by Martin Armstrong

QUESTION: Marty, How the hell are you? It’s been too long. This case of charging manipulation of precious metals being “spoofing” is the end of the free markets. This eliminates the locals, and trading will never be the same. I remember when the lawyers over the insider trading cases with Michael Milken came to you, and you wrote about that back then and how they turned it upside down. Do you think turning spoofing into manipulation is the death knell of trading as we head into 2032?

Pat

ANSWER: Yes, it has been a long time. I don’t know how you trade size anymore. I would not want to trade a major fund in this atmosphere. I probably should explain why Milken and all those charged with insider trading were really innocent. During the Great Depression, insider trading was defined as a director who knew the company would go bankrupt, and he sold his shares BEFORE releasing that information. That is what REAL insider trading indeed was.

The problem with our law is that a prosecutor gets to create a new theory of the law and then charges you, and it can be precisely the opposite of what the law was intended to do. I saw them charge Muslims after 9/11 with money laundering because they paid off one credit card with another. That certainly was not the intent of money laundering. If you have cash now, they will consider it money laundering because you are trying to avoid taxes.

The theory they used against Milken was that, let’s say, you and I intend to take over General Motors. The legal theory was that we defrauded the person reading this from the same OPPORTUNITY to make money. They did not lose anything. They turned inside trading upside down. The various lawyers came to me because I had written about what real inside trading was back in 1986.

Trading has always been just a poker game. When I would call a bank for a quote, they would always try to read what I would do and move the spread in that direction. Sometimes, you have to pretend to be a buyer if you really have the size to sell. If “spoofing” is now manipulation, trading is finished. You cannot call Goldman Sachs and say, gee, I want to sell $1 billion. They will clip you.

John Maynard Keys wrote in 1926 “The End of Laizzez-Faire” which was the piece that argued that the government can MANIPULATE the economy by using interest rates to manage demand. It was the “New Economics” which completely failed. Before he died, he admitted he was wrong and that not even central banks could manipulate the trend of the economy, no less a single market. Paul Volcker, back in 1979, wrote about the failure of Keynesian Economics in his Rediscovery of the Business Cycle. I remember Paul and I had a conversation about that back in 1998.

Even Larry Summers, the father of NEGATIVE interest rates, admitted that economists cannot forecast the future trend of the economy. Absolutely NOBODY can manipulate any market that changes its direction. Yes, locals could gun for stops and move the quotes on the London Fix, so it kicks off the stops. But that does not change the trend. Those who have pushed this theory that the metals are manipulated have been wrong in their analysis. They push this theory that the metals rise with inflation when they have not done so for centuries.

Gold declined for 19 years, from 1980 to 1999, while the national debt kept rising so much for the debt and inflation theories. Gold does NOT rise with inflation – it rises with geopolitical uncertainty. And when we were on a gold standard, gold declined with inflation. Moving to some gold standard will NOT defeat the business cycle and prevent inflation. There is far more to inflation than just the nonsense of the quantity of money. Most of the theories these people push to sell their gold are false, and as a result, they then have to claim that gold has been manipulated to keep it suppressed to cover their ass, for their analysis is biased.

Even the propaganda they put out about the Great Depression is false. Commodities peaked in 1919 with the shortages thanks to World War I. Silver declined and made its low in 1932, with the stock market collapsing from its 1919 high. Then there is the propaganda that gold and the share market are supposed to decline because of Keynesian Economics raising interest rates. Sorry! That is also a myth and fake news, yet they preach that every time. The stocks soared, and they called it the Trump Rally while the Fed kept raising rates. Gold also rose with rising interest rates.

Welcome to the chaos and misinformation that has plagued investors since the Great Depression.

Multiple Reports of Yevgeny Prigozhin Killed in Plane Crash Returning to St Pete from Moscow


Posted originally on the CTH on August 23, 2023 | Sundance 

Obviously, we take all reports from Russian media through the prism of Suspicious Cat.  Complicating matters, we take any/all reports from Western Media through the folded and mirrored prism of multiple Suspicious Cats.  So don’t look for CTH to provide definitive analysis on this multi-geopolitical storyline; instead, look for me to share a series of possibilities that might not be discussed elsewhere.

As long-time readers know, I have a strong and reliable network in Peter (that’s the abbreviated name used in familiar Russian discussion with those who live in the Saint Petersburg region of Russia).  I have previously discussed my opinion of the western media reporting on Yevgeny Prigozhin {Go Deep}, I will not repeat.

Dubya, Putin and Yevgeny Prigozhin the caterer. 

Today, Russian media are stating that Prigozhin was killed in a plane crash after a series of meetings in Moscow, upon a return flight to Peter.  Perhaps, or perhaps not. Given the nature of a very specific background in/around the issue(s) of Wagner and Prigozhin, and with both the Russian and USA geopolitical overlays as context, here are some possible considerations:

♦ Prigozhin completed his meetings in Moscow and was heading home to Peter when an unfortunate accident led to his plane crashing.

♦ Prigozhin completed his meetings in Moscow and was heading home to Peter when the Russian military leaders decided to kill him.

♦ Prigozhin completed his meetings in Moscow and was detained by Putin allies, then the return flight destroyed to disappear him.

♦ Prigozhin completed his meetings in Moscow and was returning to Peter when a successful retaliatory CIA operation killed him.

♦ Prigozhin completed his meetings in Moscow and organizing a defensive Wagner operation against NATO under the auspices of his death.

♦ Prigozhin completed his meetings in Moscow and is now very much alive and retired with no one looking for him.

♦ Prigozhin was never in Moscow and is very much alive and retired with no one looking for him. √

I’m sure the funeral will be quite superb.

(Via Fox News) Yevgeny Prigozhin, the founder of Russia’s Wagner Group who challenged the rule of Vladimir Putin just months ago, was involved Wednesday in a plane crash that has left 10 people dead outside of Moscow, state media is reporting.

The business jet was traveling from the Russian capital to St. Petersburg went it went down in the Tver region, according to the TASS news agency.

“Prigozhin was listed among the passengers, according to the Federal Air Transport Agency,” read a post by TASS on Telegram. “An investigation into the crash of the Embraer aircraft has been launched, the department noted.”

It’s not immediately clear whether Prigozhin is among the 10 reported to have died in the crash. The Pentagon told Fox News Digital that it is monitoring the situation.

“We have seen the reports. If confirmed, no one should be surprised,” White House National Security Council spokesperson, Adrienne Watson, said in a statement. “The disastrous war in Ukraine led to a private army marching on Moscow, and now – it would seem — to this.”

Putin, meanwhile, has made a public appearance at a concert in Russia after the news of the crash emerged. 

In late June, Prigozhin initiated what observers called the most significant challenge to Russian President Vladimir Putin’s regime in his 23 years in power. 

After marching his 25,000-strong mercenary forces to within 125 miles of Moscow, Prigozhin abruptly ended the operation and ordered his troops to return home before heading into exile in Belarus.  (more)   lol 

Born in 1961, Prigozhin grew up as a somewhat snarky Soviet Robin Hood, a street urchin who flowed invisibly between Finland and Leningrad in a black-market social circle that, well, let’s just say I am familiar with.

When he was 20, Prigozhin was arrested for a heist and federally imprisoned for 9 years while the Soviet Union collapsed. When he exited prison Russia was different, and with St Pete now becoming a tourist destination, he joined the capitalist opportunity with a street food vending business, started a restaurant then opened a catering company.

Prigozhin is hard as nails, snarky as hell and very tricky.

He is one of the apex gremlins and very much still connected to the Peter streets, very connected. He is beloved. He was never connected to the towers of Russian politics as the West portrays. Prigozhin doesn’t have the pedigree nor the disposition for political power.

Let me put it this way, no one knows how to play gremlin mind games against the West better than Yevgeny Prigozhin. He’s a little bit like a less refined Oleg Deripaska, and much scruffier. Also remember, in February 2018, Prigozhin was one of 13 Russians indicted by Andrew Weissmann and Rod Rosenstein for interfering in the American election through the Internet Research Agency. lol

Review any definitive analysis with caution.

When will the Great Unwashed Wake Up?


Armstrong Economics Blog/War Re-Posted Aug 22, 2023 by Martin Armstrong

COMMENT: Now that it is painfully clear , there is no law in the United States, my question would be how long before the great unwashed, realize this ? I understand Socrates, is looking into 2024 , in the panic cycle increasing . What I see coming , are the populations of the world finally coming to the realization this fact , “ the legal system “ no longer exists & masses will reject it en mass , at which point all hell will break loose , and those carrying out the persecution of innocents, will pay for their treachery in blood .

What I find staggering is the fact that ,a group of psychopaths could take us to this point , and nobody stood up to stop them . As we will see going forward, is how the “ white hats “ or simply good people , will feel tremendous guilt for standing by and not speaking out (again) or taking action ,to protect their paycheque, rather than taking the right and just ,action to prevent this madness .
Then again ,this is of no concern to the psychopath state , for they have already proved to their, sick cabal , once ( from the COVID experiment) that the masses will do nothing , even as their loved ones are killed off , with poison. Injections.
GOD HELP US ALL !
DL

REPLY: Unfortunately, this is all part of the cycle of the rise and fall of civilization. Once you hand someone power, it changes them, and they will act in their own self-interest to always expand that power. Our computer has projected that there will be a Directional Change in 2022, and it will begin in 2023. They realize that they are losing power. This is why they are becoming desperate. Just 30 years ago, they at least pretended to be ethical. Today, they do not care. It is like someone who stole $20 from you, and you knew but said nothing. They come back and took another $50, but you said nothing. Then they come back a take $1,000, and suddenly you get mad and ask why? You never cared before?

We have virtually every conflict in our database since ancient times. These forecasts are NOT my personal opinion. Socrates is by far the most sophisticated and accurate Artificial intelligence system on the planet. That’s why all the powers tune in. Personally, I am ready for Scotty to beam me up. I have had a psychic write-in and say I am some old soul, and I volunteered for this. My reply is I must have been drunk, or I misunderstood. This is NOT my opinion against someone else. Sorry! Here are just five models from five important events, and they are ALL projecting targets from mid-2024 until January 2026.

I laid out at our 2011 WEC in Philadelphia that it would all start in 2014. Our computer even projected it would begin in Ukraine. On December 3rd, 2013, I warned that Ukraine was the place to watch. Let’s get real here. The West did instigate the civil war in Syria. That was to help Qatar get a pipeline through Syria to Europe to compete with Russia. That was the whole issue and Obama’s agenda. The Neocons have been trying to cut off Russia’s energy sales in hopes that it would collapse. This is why they targeted Ukraine since the pipelines to Europe go through Ukraine. They blew up Nord Stream Pipeline, which is why Victoria Nuland ran to Neger because the deal was they rook out Nord Stream; Germany said nothing because an alternative deal was struck with Nigeria to bring a pipeline for gas from there to Europe. It had to go through Niger the same, and the one from Qatar had to go through Syra.

The Neocons do not care that Russia is capitalist. Communist collapsed. That does not matter. Instead of creating world peace, and there would be this huge “peace dividend” when Russia fell, that was all undermined by the Neocons. They are evil psychopaths intent on dominating the world precisely as Khrushchev had threatened. The Neocons are just evil people. Inside EVERY country, there are ALWAYS people who are pro-government and anti-government. Not all Russians and Chinese agree with their governments any more than all Americans believe Biden.

Well, Khrushchev was removed from office because he destabilized the world. He is dead but the Neocons in the West were all fired up and have refused to stand down. Watch the movie the courier, and you will see that the dissent inside Russia warned the West all about Cuba – it was not our intelligence agencies.

On June 25, 2020BEFORE the 2020 election, we posted that the election would be manipulated and that Trump should have won. Still, our computer was warning he would probably lose since our geopolitical models showed it could not be Trump starting wars. We will not even make it to the November 2024 elections. This corruption will lead to a turn in the entire world economy post-May 7/8th, 2024. The 2020 election took place on November 3rd, 2020 (2020.841).

Our Rubicon Moment currently may very well be 2023.981 – December 24th. Julius Caesar struck his Rubicon Coinage with the image of an elephant crushing a dragon-headed snake representing the corrupt Senate. Cicero was one of the oligarchs, so he put out the fake news to support their corrupt seizure of the Senate exactly as we see today. History repeats because human nature never changes.

The political storm clouds are gathering. Perhaps this will be our political Christmas gift to the world so they see America as not much different than a banana republic. Maybe that is why Biden is flooding the country with illegal aliens with their hand out for welfare and will give them the right to vote. Democrats in Texas are already proposing that illegal aliens should have a right to vote as long as it is for them. This is an economic war for the United States’ very survival as we know it. These people wage wars and draft our children to die for their vendettas and pretend this is democracy when we are NEVER asked – should we wage war – Yes or No? We have no say in a Republic. It is still a dictatorship.

However, this is also an incredible opportunity. Our present form of republican governments worldwide that pretend we live in a democracy is coming to an end. It is time to begin thinking about what form of new government we created and, just for once, realize that handing power to anyone corrupts their very soul. There MUST be term limits, and any sort of social manipulation can NEVER be allowed. Rome had peace for 1,000 years, NOT because it was one government, but because everyone benefited. Each province was able to sell its goods throughout the empire. There were no trade barriers or attempts to manipulate society for some fictional equality.

FREE TRADE created peace. When everyone benefits from free trade, there is no war. When Russia could sell into the US economy, as did China, it benefits their people who do not want their livelihoods disrupted. When we put on sanctions thinking it will cause the people to rise up and overthrow their government, they are not stupid. They know it is NOT their government – it is the United States and Europe who have become the new dictators of the world. This parody of the sanction has a point. By shutting down world trade, we encourage international war.

The stupidity of the human race is legendary.


NOTE:

Those in power reading this, you will lose. You have NEVER won even once in history. Think hard before you challenge history. Shakespeare’s line about the lawyers needs clarification. Only the King was allowed to have lawyers. They were effectively prosecutors like those going after Trump, who are so stupid to think the other side will not retaliate and do the same. The people will always rise up and hang the oppressors in government. It is time to stop this cycle of bloodshed and realize your quest for a totalitarian state will not materialize, and that goes for your cheerleader – Klaus Schwab. Those in power will own nothing, and I doubt you will be happy. Stop this insanity and wake up. Russia had a bloodless revolution in 1991. Let’s do the right thing. Schwab is preaching Communism all over again – OPEN YOUR DAMN EYES!

Govt to Spend $1 Billion on Electric School Buses


Armstrong Economics Blog/Great Reset Re-Posted Aug 21, 2023 by Martin Armstrong

The Clean School Bus Program has been funded with a $5 billion grant from the Inflation Reduction Act that should be appropriately named the Climate Change Act. Around $1 billion of this will be spent on electric school buses. As with all spending plans, the budget quickly jumped from $500 million to $1 billion after the EPA said there was a strong demand. The buses will first be tested in low-income districts, and the people are not happy.

The National Assessment of Educational Progress (NAEP) has reported a drastic dip in test scores since 2020 when the government closed down schools for a virus. Math scores are at a 50-year low. Out of a score of 500, 13-year-old students scored an average of 271 in mathematics. Literacy rates are also declining with the average 13-year-old scoring 256 out of 500. Pre-pandemic, this same demographic scored 260 in reading and 280 in math. “The bottom line — these results show that there are troubling gaps in the basic skills of these students,” said Peggy Carr, commissioner of the National Center for Education Statistics.  One troubling report showed that 70% of 10-year-old students could not read after the lockdown worldwide.

There is also a growing shortage of teachers due to low pay and most public schools are lacking basic supplies. A report from June 2022 showed that public schools lost 7% of all instructors (233,000 teachers) between 2019 and 2022. Here in Florida, there are reports on the news all the time of air conditioning systems failing amid a summer heatwave. Schools throughout America lack basic funding, kids are forced to share books, the most fundamental items like pencils are often shared, and the curriculum has nothing to do with becoming a successful member of society.

There are countless issues that public schools face, but let’s focus on spending on buses when that is not an area of concern to anyone outside the Build Back Better climate change crowd. Electric school buses cost between $350,000 and $450,000 – nearly four times more than traditional diesel buses. Need to replace the battery? That could cost around $50,000 to replace and the average lifespan is only 7 to 8 years.

“Who doesn’t love a yellow school bus?” a smiling Harris asked an invitation-only crowd at Seattle’s Lumen Field, with an electric bus behind her. “We are witnessing around our country and around the world the effects of extreme climate,” she said. “What we’re announcing today is a step forward in our nation’s commitment to reduce greenhouse gases, to invest in our economy … to invest in building the skills of America’s workforce. All with the goal of not only saving our children, but for them, saving our planet.”

GOP political candidate Tiffany Smiley offered a word of advice to Harris: “At a time when school test scores are at the lowest levels seen in a generation due to harmful school closures, Vice President Harris and Senator Murray offered ZERO solutions to this education crisis at an event where they claimed to care about what’s best for our children. It’s easy to support infrastructure FUNDING, especially for cleaner buses. But the Democrat’s economic policies have led to labor shortages that threaten to derail infrastructure DELIVERY, with Seattle Public Schools unable to hire enough bus drivers to staff all of their routes. This is a prime example of Patty Murray caring more about the priorities of Washington D.C. over Washington state.”

Yet again the government is funding an imaginary problem while bypassing the real issues that need to be addressed. One BILLION dollars could fund a plethora of items that would improve the lives of the people immediately. This net-zero push is becoming increasingly costly and they want to have it all squared away by 2030. Expect more expensive and unnecessary changes.

Just Stop (Cooking) Oil


Armstrong Economics Blog/Climate Re-Posted Aug 21, 2023 by Martin Armstrong

A light-hearted story for a Monday, as we must laugh at the insanity of those protesting the weather. Extinction Rebellion is a group that consistently protests the changing climate, urging government to adhere to the WEF’s net zero carbon emissions goal. They think this goal can be achieved within the next two years. Just Stop Oil has similar goals in mind as they think the world can function without fossil fuels.

“We demand that the government immediately halts all future licencing [sic] and consents for the exploration, development and production of fossil fuels in the UK,” one of the group’s members told the Guardian. “I want a future and I want my government to stop trying to kill me.” This is the same group that has glued themselves to priceless paintings, tarmacs, and tankers. They continuously protest in absurd ways with no results because what they want is not possible. “I’m not doing this because I’m brave or insane or any of those things. I’m just doing it because I care and I’m afraid,” the same activist admitted.

A funny story happened about a year back in the UK. These protestors took to the streets to urge the government to end all oil production. Protestors strapped themselves to an oil tanker, causing mass traffic delays. “They want maximum disruption to stop the government from extracting oil and gas,” the reporter firmly told a bystander. “Yeah…well, that’s cooking oil,” he laughed.

Stop the trans fats! They don’t want us to have gas-powered stoves to cook on anyway, and perhaps the bugs that Schwab suggested can be eaten raw.

Hawaii Governor Josh Green Says More than 1,000 Still Missing in Maui – Many Are Children


Posted originally on the CTH on August 20, 2023 | Sundance 

Everything about the Maui fire is sketchy.  It was sketchy when it happened. It is sketchy in the aftermath, and it remains sketchy in the recovery stage.  The FBI, EPA and FEMA have essentially locked down the island, and there are reports of people being evicted who did not perish and did not lose their homes.

I’m not sure if the issues are related to systemically gross incompetence, nefarious constructs, a blue state with poor systems and weak leaders, or a combination of all the above.  However, what is abundantly clear is that the people of Maui are victims of more than just a massive wildfire.

Hawaii Gov. Josh Green appears on “Face the Nation” to tell Margareet Brennan that the failure of the now-resigned Maui Emergency Management Agency Administrator was “utterly unsatisfactory, to the world.” “Of course, as a person, as a father, as a doctor, I wish all the sirens went off,” Green said.  The governor also stated there are more than 1,000 people still missing and many of them are children.  He blames global warming. WATCH:

[Transcript] –  MARGARET BRENNAN: We go now to Hawaii’s Governor Joshua Green in Honolulu. Good morning. Thank you for getting up so early, and I’m so sorry for what is going on in your state.

GOV. JOSH GREEN: Thank you, Margaret.

MARGARET BRENNAN: Governor, can you tell us how many are still unaccounted for, and how long will it take to identify remains?

GOV. GREEN: More than 1000 are unaccounted for, about 1050. It will take several weeks, still, some of the challenges are going to be extraordinary. As you reported, 85% of the- of the land of the impact zone has been covered now by what amounts to an army of search and rescue teams and 41 dogs. So 85% of the land has been covered. Now we go into the larger buildings, which require peeling back some of the floors and structures. That last 15% could take weeks. We do have extreme concerns that because of the temperature of the fire, the remains of those who have died, in some cases, may be impossible to recover meaningfully. So, there are going to be people that are lost forever. And right now, we’re working obviously with the FBI and everyone on the ground to make sure that we do what we can to assess who’s missing.

MARGARET BRENNAN: That is hard to hear, Governor. I know a local Maui official said a large number of the dead may have actually been children who were left home that day because schools were closed, many of them alone or with their grandparents. Is that the case?

GOV. GREEN: That is possible. And that’s-that’s what we’re sharing here internally, that it’s possible that there will be many children. This is the largest catastrophe and disaster that’s ever-hit Maui, probably that’s ever-hit Hawaii outside of wartime events. So, we just thank everyone in the world for reaching out and supporting us through all of the, you know, the ways that they can. Right now, we are trying to make sure everyone is sheltered, and we begin to get all the federal resources we can to make life in some way livable for the survivors. That’s where we are at the moment.

MARGARET BRENNAN: When will the surviving children of West Maui be able to return to school? What do they need?

GOV. GREEN: In some cases, they’re returning later this week. Children can go to any school that’s in the region or where they are. We have six hotels that are basically full of families and their children that have survived. We also are doing distance learning. A lot of that was implemented during the COVID pandemic. There are just so many things to share. King Kamehameha Elementary School in Lahaina is burned to the ground. I mean, it’s totally gone. It used to host 650 children, some of those children have passed. Others will, of course, go to neighboring schools. You have to remember this is a very rural part of Hawaii. And that’s one of the challenges. So, schools are far apart. We’ve authorized other means of transportation, you know, vans and things to help families get farther distances to school.

MARGARET BRENNAN: As-as we’ve been discussing, there are now a lot of questions about all of the policies and procedures. You know, the National Weather Service had issued a Fire Watch for your state August 6, a few days before the fire hit. With the siren system, you said to CNN on Monday and again on Tuesday that you believe some of the sirens were broken. When did you learn they weren’t fully functional?

GOV. GREEN: We assess every siren across the state on the first of the month. And then we ask people to update them and fix them to their abilities. You know, I, of course, I as a person, as a father, as a doctor, I wish all the sirens went off. The challenge that you’ve heard, and it’s not to excuse or explain anything. The challenge has been that historically, those sirens are used for tsunamis. That’s when I came to Hawaii 23 years ago was told when I was living down near the shore. So, it’s usually tsunamis and hurricanes. For perspective, we’ve had six fire emergencies this August, we had six fire emergencies between 1953 and 2003. That’s how- how fast things are changing. I know that there is debate out there whether we should be talking about climate change or not. Well, let’s be real world, climate change is here we are in the midst of it with a hotter planet, and fiercer storms. And you asked the question, I’m coming back to it right now. Do I wish those sirens went off? Of course, I do. And I think that the answer that the- the emergency administrator for Maui, who has resigned, said was, of course, utterly unsatisfactory to the world. But it is the case that- that we’ve historically not used those kinds of warnings or fires.

MARGARET BRENNAN: I understand, and I know that you are conducting a review, but given that your state is experiencing a drought, and you’re in hurricane season, can you say whether other Hawaiian towns are as vulnerable as Lahaina was?

GOV. GREEN: We worry about a lot of our state, Waikoloa on the Big Island, which was experiencing a fire at the same time and required evacuations. We’re worried about them. We worry about all of our state. Some of the state, which is denser and more urban, like Waikiki, has a lot more water and a lot more firefighters, a lot more support. Oahu has three quarters of the population of the state. But we’ve had, although it’s not been reported in the press, we’ve had multiple small fires, some on Oahu, some on Big Island, of course, more on Maui, even in the days since the fire. And the firefighters, I want to thank them. They’ve been heroic in this period of time. They’ve just been constantly working, and everyone has stepped up. But yes, we’re worried, and we have done all that we can at the moment to continue to warn people that this is a season of fire and everyone, of course, doesn’t need more reminding because of what happened in Lahaina.

MARGARET BRENNAN: There has been scrutiny of the largest utility, Hawaiian Electric, because there were images, I know you know this, of power lines, possibly starting fires. Last year, that company had proposed an upgrade of the grid with Lahaina as a priority area and suggested a rate hike to do that. Do you know why that didn’t happen and if that contributed?

GOV. GREEN: I don’t know personally whether or not the- the power lines were the- the primary reason the fire occurred. That’s why I asked for a comprehensive review, I think two days into this, which is very atypical. Normally, these kinds of investigations come months or-or more later. But we have to ask that question, we have to ask the question on every level of how any one city, county, state could have done better and the private sector. This is- this is the world that we live in now. In this case, and I’ve seen footage of it from some of the survivors, I’ve seen footage of how it looked during the fire and how things were exploding and what the fierce winds looked like. They were 80 miles per hour gusting and the fire, I’m now told, was as high as 2,000 degrees Fahrenheit. It just destroyed everything. It’s not to excuse anything else from any company. It’s just to explain what the world should prepare for, and I humbly asked all of the cities and states to spend that money now to prevent disasters like we are seeing here.

MARGARET BRENNAN: So just to be clear, when you’re talking about global warming, are you saying that climate change amplified the cost of human error?

GOV. GREEN: Yes, it did. There’s always going to be incredible things that people do to save lives, from the firefighters, from citizens. And there’s always going to be decisions that are made that I’m sure aren’t perfect in the moment. And- but when you have fire that move more than a mile a minute, and what happened I’m told by some of the survivors, they were at the initial fire. It was put out sometime late in the afternoon in Lahaina, and then the firefighters had to go to three other fires that had started because of the conditions. When they left the fire started up again. And then when the storm winds from Dora, which were that strong, swept it out, it just destroyed everything. So, there’s no excuses to ever be made. But there are finite- there are finite resources sometimes in the moment.

MARGARET BRENNAN: Governor, we’re watching, the country’s watching, good luck and thank you for your time.

GOV. GREEN: Thank you for your love and support. We appreciate it.

[end transcript]

The Public’s Top if not ONLY Concern…


Armstrong Economics Blog/Inflation Re-Posted Aug 20, 2023 by Martin Armstrong

INFLATION

The public is not concerned about “Russian aggression,” the Trump inditement, or even the MSM wrench about aliens. No one cares — the average person is struggling to keep up with the rising cost of living. Homelessness is on the rise as people cannot afford shelter. The blank checks to Ukraine are a slap in the face of those begging for help at home. These politicians need to work for us. No one campaigning is going to make a dent in the polls unless they clearly detail how they plan to address INFLATION! And no, the problem is not limited to America. The solution cannot be a universal income, currency, or Great Reset. The economy was strong before they attempted to BUILD BACK BETTER.

Neil Oliver, It’s All a Political Pantomime but the Audience Isn’t Buying It…


Posted originally on the CTH on August 19, 2023 Sundance

For his weekly monologue, Neil Oliver hits on a familiar metaphor.  The grand theatrical performance of global politics and the orchestration of the actors and scripts.  The difference, in this modern era, is that no one in the audience is watching the pantomime any longer; it is all too predictable.   WATCH:

.

Always a good presentation

“One Water” Approach Led to Deaths on Maui


Armstrong Economics Blog/Climate Re-Posted Aug 18, 2023 by Martin Armstrong

Climate change zealots are destroying our society. I mentioned how Maui suffered the repercussions of Biden’s America-Last policies after they received mere breadcrumbs compared to a much larger payment to Ukraine that same week. Hawaii Commission on Water Resource Management (CWRM) deputy director M. Kaleo Manuel is responsible for multiple deaths amid the Maui fires. You see, Manuel believes in a “One Water” approach where water is sacred and should be used sparingly, including in the case of a massive fire.

Manuel’s page on the Obama Foundation’s website notes: “Kaleo is the Deputy Director of the State of Hawaiʻi Commission on Water Resource Management. He believes that ancient wisdom and traditional ecological knowledge of native peoples will help save the Earth. Kaleo is passionate about elevating native and indigenous ways of knowing in all spheres of discourse and dialogue.”

Firefighters in Lahaina, Hawaii, stated that the fire hydrants were basically empty on the day the fire erupted. “Fighting fire for their lives, getting overrun, trying to have a captain they are trying to get out to a burn center, hydrants aren’t working, that’s no different from cops being in a gunfight without bullets,” Frank Lima, secretary-treasurer of the International Association of Fire Fighters, described.

Kaleo Manuel did not immediately respond to the request to refill the reservoirs. Instead, he told the firefighters on the frontlines to discuss the matter with a local farmer to see how diverting the supply would impact him. People were burning alive and Manuel thought perhaps it was not fair to use the water so recklessly. “We can share it [water], but it requires true conversations about equity,” Manuel said in a poorly aged clip.

The World Economic Forum released an article in March: “Our relationship with water is political, says this climate scientist.” The “expert” claims that human’s relationship with water changed a century ago as “the promise of the modernist world was to separate us, to emancipate us from nature.” Equity is the keyword used again here. Everyone should have equal access to water. In global elite lingo, that means that we, the people, the Great Unwashed plebians, cannot manage our water, and it must be allocated to us in rations.

There is actually a dystopian Korean movie on Netflix regarding this matter where everyone has a water allotment provided to them by the government based on their social credit score. Sadly all these dystopian films seem to foreshadow of the future. The climate zealots will cheer EQUITY and willingly give all power to the government so they can distribute the basics of what we need to survive. Lives could have been saved in Hawaii if the government had allowed the fire department access to WATER.

Zelensky the War Criminal


Armstrong Economics Blog/Ukraine Re-Posted Aug 18, 2023 by Martin Armstrong

The international age limitation on military drafts is generally 18 years or older. Canada and Australia put it at 17 years old. Zelensky has imposed two decrees which prohibit the departure of teenagers aged 16-17 from the country, effectively turning Ukraine into a prison camp. Over 8 million Ukrainians have fled from this tyrant. He has burned through the adults in his army. Instead of entertaining any idea of peace or just allowing the Donbas to vote peacefully as he pretends to defend Democracy, Zelensky has turned to mobilizing the children so he does not have to admit he is wrong. Zelensky is in good company. Time Magazine also named Hitler and Stalin, twice in 1940 & 1943, all Men of the Year.

With a second decree, Zelensky tightened the conscription policy and not just drafted children under 18 but also disregarded whether they were fit or not for military service. On Zelensky’s orders, he is now taking children by force. He refuses to consider the population of Ukraine but prefers to only talk about how great it will be for investors to buy Ukraine since he is killing off the population. He refuses to negotiate and seems to be intentionally turning the people against him personally.

There are many Ukrainians who are starting to see the light that their enemy is Zelensky – not Putin. The day before the invasion, he told the press that Ukraine would rearm with nuclear weapons. That was the final straw; Putin even said that in his speech to the nation as the reason to invade, the same as the US concern over Cuba back in 1962.

Even the pro-Ukraine Washington Post, which would love World War III to sell more papers, reported that Zelensky knew when Russia would invade and did not warn his people because of money. “If we had communicated that … then I would have been losing $7 billion a month since last October, and at the moment when the Russians did attack, they would have taken us in three days,” Zelensky said.

If Zelensky is assassinated, the West will blame Russia. There is far more incentive to kill this high-heel pretend head of state from inside the ranks of Ukraine for destroying their country, all on the orders of the Neocons for a strip of land that has been the home of Russians for hundreds of years. Russia did NOT invade Ukraine; it came to support the Donbas, which was supposed to have a democratic right to vote on their separation under the Minsk Agreement. Why should China, Russia, or any country trust the EU and the United States ever again when they do not honor agreements?

The lies are just over the top. Ukraine was free. Just honor the Minsk Agreement; the Ukrainians had their first country in history. But no! Zelensky is lining his pockets while pretending he was fighting for freedom and demonocracy when that was secured under the Minsk Agreement. This is going down in history alongside the weapon of mass destruction. The Neocons also bullshitted the world for another one of their endless wars they never win. These people are the real war criminals. They start wars all for their deranged view of hatred.

Zelensky has done nothing but try to drag the entire world into his war against Russia. And for what? A territorial grab where Ukrainian have never lived? Any politician who supports Ukraine and this deliberate attempt to create World War III should be barred from ever holding any public office, including a dog catcher or a sanitation worker cleaning toilets.

He wants to kill off our American children now so he can create the biggest investment project with Blackrock – real blood money. Personally, I would not advise anyone who puts money in Blackrock. They should take a gun, go to Ukraine, and fight like they want everyone else to do so they can make their subsequent big profit over the blood of our children. Pure evil scum! I would not invest with any firm looking to do business in Ukraine.