Tag Archives: Russia

Aug 1 2022

Capital Controls in Europe Have Arrived


Armstrong Economics Blog/Tyranny Re-Posted Aug 1, 2022 by Martin Armstrong

COMMENT: Dear Marty,

I was trying to wire money from my bank account in Italy to the one in the UK, just to realise that I can no longer transfer more than 6,000EUR per month.

The Soviet EUSSR is in full capital controls mode. I am missing the beauty of Italy every day, but I am so glad to live in Brexit UK.  Good luck to the old continent.

SB

REPLY: I warned that all my sources were confirming, three very high up, that Europe would quietly impose capital controls on June 30, 2020. That has now taken shape. Europeans and not allowed to send more than 6,000 euros per month to another account outside the EU. Capital has been pouring out of Europe, and they beat not just the war drums but also the Green drums that forewarn of a severe economic decline for Europe.

Even in the United States, we have capital controls in place for a different reason — taxation. You will find it limited to try to wire more than $3,000 to an individual outside the United States. As I reported before, a friend in Singapore found me a service apartment and put down the first month’s rent for me. I sent him a wire, but when I got there, he said he never got it. I called my bank to put a trace on it, and HSBC returned it, saying they would not credit it to that account because they could not verify it was not secretly for me. I had to write him a check. You can wire to a business without a problem, but not to an individual. The hunt for taxes lives.

People have argued with me that I am wrong and it is capitalism that is collapsing. Sorry – socialism has brought us to the very sad end. Politicians can only run bribing voters, saying they will rob the rich to hand it to them. They can no longer borrow endlessly with no intention of paying anything back. That said, they know they will have to default. The question has been HOW?

This is what Schwab’s entire WEF is about. His Great Reset is because socialism is collapsing. I did our Solution Conference in 2015 because I knew what he was advising to world governments. The problem was that his way is that they become dictators, and he is even ending your right to vote. While they call Putin authoritarian, the head of the EU also does not stand for election. They are appointed by EU member politicians. This is what they want — ZERO right of the people to vote. They intend to control what we buy, where we live, and what we are allowed to say. So you can see, in my Solution, we retained democracy, so they were not handed ultimate power. Capital controls are part of this plot to end our freedom.

Aug 1 2022

Global Recession, South Korea Manufacturing Output Shrinks in July, First Time in Two Years


Posted originally on the conservative house on August 1, 2022 | Sundance

We are seeing the cascading impacts of the energy-driven inflation starting to ripple throughout the globe, specifically worsening economies who are dependent on the export of non-essential durable goods.  South Korea manufacturing is the latest example.

The first quarter of 2022 started with a drop in U.S. consumer spending on non-essential durable goods like electronics.  The net result of contracted consumer spending was a 1.6% negative GDP.

Inventories of goods started to build and by April/May of 2022 the Consumer Price Index (CPI) showed negative inflation in those sectors as discounts to move inventory were offered.

In June major manufacturer Samsung, headquartered in South Korea, announced they had told suppliers to stop sending component manufacturing parts for finished goods. (link)

By the end of July, the second quarter GDP in the U.S. again showed a contraction of 0.9%. Energy inflation was now creating a consumer spending recession, demand for non-essential goods dropped fast over the first half of the year.

Today, South Korea announces July manufacturing output contracted for the first time in two years, matching the prior announcement by Samsung:

SEOUL, Aug 1 (Reuters) – South Korea’s factory activity shrank in July for the first time in nearly two years, as output and new orders weakened amid continued inflation and supply chain woes, a private-sector survey showed on Monday.

The S&P Global purchasing managers’ index (PMI) fell to a seasonally-adjusted 49.8 in July from 51.3 in June, falling below 50 for the first time since September 2020. The 50-mark separates expansion from contraction in factory activity from a previous month.

Output fell for a fourth straight month and by the sharpest rate since October 2021, as new orders decreased for the first time in 22 months and those from overseas for the fifth month in a row. (read more)

All economies that are dependent on the manufacturing and export of durable goods are likely now seeing reduced factory outputs as fewer customers exist to purchase the final product.  This will lead to a predictable rise in unemployment amid those same nations.

This situation is the reason why the Bank of Japan did not raise their central bank interest rates.  They are attempting to offset the drop in global economic activity by keeping their currency value low as compared to the rest of the western countries.  This will help move their exported goods at a discount.

Inside countries with large imports, the definition of “non-essential” purchases within each household now starts to shift. Upgrading electronics, jewelry purchasing, and other non-essential goods become the first to feel the impact.  That contraction is then followed by appliances, furniture, clothing and eventually vehicles and high-cost durable goods.

As less and less disposable income is available, consumer spending gets increasingly prioritized.  The service sector is likely starting to feel the consumer belt tightening, particularly those consumer goods and services that are dependent on middle class families.

Inflation in general is a corrosive issue that eats away at the ability of consumers to purchase products and services.  Energy inflation is particularly damaging as it hits every sector of the economy with higher supply-side costs.  Food prices, fuel, transportation costs, electricity rates etc. take a larger portion of the paycheck, leaving less room (if any) for non-essential purchases.

A shrinking global economy is the outcome of an intentionally managed decline to support the Build Back Better, climate change, agenda.

Jul 29 2022

Secretary Yellen Reminds Good Citizens Their “Household Finances are Strong”, We are Experiencing Abundance and Not Being Happy is Disinformation


Posted originally on the conservative tree house on July 28, 2022 | Sundance

July 28, 2022 | Sundance | 134 Comments

Comrades, Secretary Janet Yellen reminds everyone how important it is to smile and support the policies of Dear Leader as they manage our overwhelming happiness through this period of exceptionally wonderful abundance.

The secretary reminds us that our “household finances are strong” and we have good employment to keep ourselves industrious and valuable on behalf of the state.  WATCH:

The beet and potato harvest will provide soup for everyone, but only if we continue to do our best.  All of the best comrade citizens are cheerful and happy.

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“I’m told that’s what it looks like… but we just don’t see it”…

Jul 29 2022

Straight Economic Data from Bartiromo


Posted originally on the conservative tree house on July 28, 2022 | Sundance

There is less pretending in this segment, but the core of intent is still missing.   As soon as Ms. Bartiromo can admit the monetary policy is specifically designed to create lower economic activity, she will be able to reconcile the policy conflicts which she still views as hypocrisies.

While not outlining the motive, in the segment beginning at 1:07 Ms Bartiromo does a good job outlining the current state of the economy. WATCH:

Comrades, prior to the Joe Biden economy the average American worker was earning 29 onions per hour.  After, the Biden economic policies were put into place, the average American worker is now earning 11 onions per hour.

Jul 25 2022

Will 2022 be the High in Temperatures?


Armstrong Economics Blog/Climate Re-Posted Jul 25, 2022 by Martin Armstrong

QUESTION: I seem to recall that you said 2022 on your computer was a Directional change in temperature and a retest of the 1930s was likely. Could you elaborate on that again since we have high temperatures as your computer warned?

RB

ANSWER: I think you are referring to the study we did on New York City temperatures. Yes, 2022 was a DOUBLE Directional Change. The danger here is that we are in a cycle like the 1930s that produced the Dust Bowl. However, keep in mind that this means we will see extremes on both sides. So while we will experience hotter temperatures than normal in 2022, there is also the risk of extremely cold temperatures in the winter.

Here is the data from the government archives itself and it shows no change in the trend whatsoever to support a perilous cliff of some linear progression with no end to climate change. This is a normal cycle and for 45 years after 1932, temperatures were declining – NOT rising! During the winter, it was snowing in Hawaii. Temperatures in Siberia had broken all records dropping to minus 140°F where people may just freeze to death. The Northwest Passage was still frozen last August. Even looking at the entire Antarctic continent, this winter of 2021 was already the second-coldest on record as reported by the propaganda network – CNN.

Here is the computer forecast on the weather out to 2032 using the government’s data for NYC. We are staring into the abyss when it comes to weather. Without this nonsense of reducing crops for climate change, we are looking square into the eyes of a major crisis that will result in a shortage of food because we are turning colder in winter and warmer in summer. The high in temperature was 1932 and thereafter the low was 1977. That was a 45-year cycle which ironically brought us to 2022 and the Double Directional Change.

If the temperatures exceed the high here in 2022 next year, then it is possible to see a continued hotter summer trend into 2025. However, looking at this Timing Array, if 2022 remains as the 45-year high, then we can see terrible cold into 2025. So the question here is do we get a cycle inversion with continued heat and another Dust Bowl into 2025, or will the ground freeze as in the late 18th century prevent any winter crops.

Categories: Climate

Jul 23 2022

It’s Not Just What Energy Secretary Granholm Says, It’s How She Says It That Should Alarm Everyone


Posted originally on the conservative tree house on July 22, 2022 | Sundance 

Energy Secretary Jennifer Granholm couldn’t tell you the difference between electromagnetic or nuclear energy if her life depended on it.  Then again, there’s not a single “climate change” ideologue in the Biden administration who has any concept of science at all.  None of them.  To them, everything is politics.

As you watch this brief soundbite from remarks Energy Secretary Granholm made to the Global Clean Energy Action Forum, pay attention to what she says and the way she says it.  The pantomime of how she says it. [11 seconds] WATCH:

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What state elected her governor?  Oh yeah, she’s from Hunger Games district 5.

Jul 22 2022

Climate Engineering: 40 Million in US West Without Water in 2023


Armstrong Economics Blog/Corruption Re-Posted Jul 22, 2022 by Martin Armstrong

Our models have been indicating a decline in both the food and water supply, which go hand-in-hand. Other analysts are coming out to warn that the inevitable cycle is underway. Climate engineering researcher Dane Wigington believes the cycle has been propelled forward by manmade forces. “The mainstream media and official sources are doing their best to sweep it under the rug. We are talking about 40 million people that will be impacted by the drying out of the Colorado River basin and tributaries.”

Interviewer Greg Hunter plainly asked Wigington if this was a deliberate attempt to diminish the population. “Yes,” he replied without hesitation. “There is no speculation, no hypothesis or conjecture in any of this. Climate engineering is the primary cause for the protracted drought, and not just in the U.S. but in many other parts of the world. It also causes a deluge scenario, and all of it is crushing crops. We can speculate to the motives and agendas behind those who run these operations, but the fact that climate engineering is the primary causal factor for the western drought is inarguable.”

Wigington sees extreme water rationing coming as soon as 2023. Once Lake Mead reaches “dead-pool” status, crops will die out, water will be unavailable for irrigation, and there will be no electrical power generation. Drought is causing water to evaporate at levels beyond what is reported in the mainstream media.

“This is a runaway train of total cataclysm, and those in power are preventing anyone from even discussing this issue down to the point that there is an illegal federal gag order on the nation’s weathermen at the National Weather Service and NOAA,” Wigington stated. The government would only place a gag order on reporters if there were something to hide. Climate engineering may be one of the new tools to fight future wars and control the population.

I’m adding this note: Some of this is real the water levels are dropping. Some of the rest is also possible because Bill Gates was testing this idea a while back.

Jul 22 2022

Japan Surpasses China as Top Holder of US Debt


Armstrong economics Blog/Economics Re-Posted Jul 22, 2022 by Martin Armstrong

For the first time since 2010, China holds less than $1 trillion in US debt. China held $980.8 billion in US debt in May, a $23 billion decline from April and a $100 billion decline from a year prior. In fact, the US Treasury Department noted that China has been reducing its holdings for the past six consecutive months.

Japan is now the top holder of US debt, reaching $1.212 trillion in May, marking a slight increase from $1.218 trillion in April. Total foreign holdings declined by $7.42 trillion in May as those who see what is coming want no part in government debt.

This did not go well for Japan in the past. You see, the USD remains the last safe haven among currencies. Rates are set to rise, other currencies are set to decline, and the countries left holding US debt will be forced to pay much more than intended. No one seems to understand this simple staple of FOREX.

China unloading US debt could indicate growing geopolitical tensions, which our models indicate could break out in 2023.

Jul 21 2022

Tucker Carlson Outlines the Current Background of Joe Biden’s Climate Emergency


Posted originally on the conservative tree house on July 21, 2022 | sundance

During his opening monologue tonight, Fox News host Tucker Carlson outlined the background of Joe Biden’s “climate emergency”, and the hypocrisies of their theories as compared to their behavior. WATCH:

Jul 20 2022

Global Water Scarcity on Schedule


Armstrong economics Blog/Agriculture Re-Posted Jul 20, 2022 by Martin Armstrong

A new study by the University of Colorado Boulder published on “One Earth” cites water scarcity as the top threat to food security in the next 20 years. “Multiple events occurring at the same time compound the problem,” the study noted, citing droughts, floods, heat waves, pest outbreaks, diseases, and financial and political conflicts. Over 50% of those experiencing food insecurity live in conflict regions, and increasing political instability and civil unrest will cause this figure to rise. Various agencies such as the World Bank and United Nations have cited that food insecurity reached record levels in 2021 and has increased in 2022. However, one aspect that is not often discussed is water.

Humans can survive longer without food than water. Without water, there are no crops or cattle. Other studies point to increasing global demand for water as well. A 2019 study, “Reassessing the projections of the World Water Development Report,” found that water demand increased 600% over the past century.

“Global water demand for all uses, presently about 4,600 km3 per year, will increase by 20% to 30% by 2050, up to 5,500 to 6,000 km3 per year. Global water demand for agriculture will increase by 60% by 2025. By 2050 the global population will increase to between 9.4 to 10.2 billion people, an increment of 22% to 32%.”

Agricultural needs represent 70% of water demand. The poorest nations often have less access to clean water, and these are the same areas where the population is expected to rise. The aforementioned study also states that food demand will increase by 60% by 2050.

Our model projected entering another “grand minimum,” which overtook the sun beginning in 2020 and will last through the 2050s. This will result in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth. We are facing a global cooling period on the planet that may span 31 to 43 years. It is interesting that these studies are pointing to 2050 as the point where water will become extremely scarce as it aligns with our models’ projection for the weather as we will then enter a new sunspot cycle.