Russia to Pay off Ukraine’s Budget Deficit


Posted originally on Dec 23, 2024 by Martin Armstrong 

Zelensky with EU leaders

The West has funneled more money into Ukraine than the entire nation’s GDP. The nation was considered a corrupt pariah by the West who would not allow Ukraine into any bloc formed from NATO to the European Union. Now, the European Union is virtue signaling by claiming it has covered Ukraine’s budget deficit next fiscal year.

None of these nations can overcome their deficits. Of course, the funding did not come from these governments but rather from the stolen Russian funds confiscated at the beginning of the war. The next €30 billion of transferred stolen assets will allegedly pay off Ukraine’s full deficit.

EU Rebuild Ukraine with Russian Money

Ursula von der Leyen, President of the European Commission, praised the West for robbing Russia to pay Ukraine. “We know that 2025 is going to be a decisive year… we have to put Ukraine in a position of strength. Looking back, Europe has so far provided Ukraine with almost €130 billion. We have secured economic and financial stability until the end of 2025. That is good news. And with the Ukraine Facility and our G7 loan, we are even covering most of Ukraine’s financing gap for 2025. This is a major achievement,” she said.

The elites claim these funds amount to money that the Russian oligarchs stole from the Russian people, but that is simply not the case. The West has confiscated assets from a foreign nation during a time of peace as Ukraine is not in the NATO alliance. Now, the West is using those illegally confiscated assets to attack its adversary. This is complete and total economic warfare. China and others are taking note.

They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelensky is too busy stuffing his pockets to care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

These nations are teetering on the edge by using these assets as collateral. Putin could confiscate ALL assets held by Western countries and private/public corporations under these new economic warfare tactics that completely violate international law. Zelensky has been demanding the full $300 billion in confiscated Russian assets as no sum will ever be enough for his bottomless pockets.

BlackRock.JPMorgan.UKRAINE.Reconstruction.Fund_

The G7 did not pull off an act of goodwill; rather, they opened the door for a new form of dirty economic warfare. This certainly does not mean Ukraine will stop begging for military and economic aid. Their deficit is currently being ignored. Ukraine is now in debt to the West for the trillions in loan payments. The true numbers are never calculated, but rest assured, Ukraine will be on the hook to all of its NEW debtors when the time comes. “Remember when Ukraine was a country?” will sadly be a question in the future.

Red Pill Interview – End of Money


Posted originally on Dec 22, 2024 by Martin Armstrong 

Armstrong Interview: Depression, Debt, Default & Destruction in 2025


Posted originally on Dec 22, 2024 by Martin Armstrong 

Amfest Attendees Reaction To The Vote In The House: “SHUT IT DOWN”


Posted originally on Rumble By Bannons War Room on: Dec 20, 2024 at :7:00 pm EST

Bannon: “When Does Accountability Day Start? January 20th, 2025”


Posted originally on Rumble By Bannons War Room on: Dec 20, 2024 at :7:00 pm EST

Sen. Ron Johnson: Nobody Can Justify This Increase In Spending


Posted originally on Rumble By Bannons War Room on: Dec 20, 2024 at :7:00 pm EST

Japan Fighting the Market Blaming Speculator not Its Policies


Posted originally on Dec 21, 2024 by Martin Armstrong 

Japan Yen 10000 2024

Japan is cascading into a serious debt crisis. Even Japanese finance officials have come out and been shocked by the fall of the Japanese yen back to retest the lows of 1990. They have been urging the Bank of Japan to intervene in foreign exchange and are naturally blaming speculators. Finance Minister Katsunobu Kato came out and stated:

“As we are alarmed by recent currency market developments including those driven by speculators, we’ll take appropriate action against excessive moves.”

IBJYUS Y Tech 12 19 24

In every government, they will always blame speculators and never their own policies. The mere fact that Kato has publicly made this statement demonstrates that the currency market is rather alarming, and the government is very concerned about the collapse of the Japanese yen. Currently, the dollar is trading at the 151 level. A year-end closing above 148 will warn that the dollar can rally substantially in the 200 to 250 zone. A close BELOW 147 would imply we could see the yen consolidate into 2026, but then it would resume a decline into 2027. Japan did conduct an intervention into the FOREX market buying yen last July to support its currency after fell below 161 per dollar level.

The BOJ’s rate-setting meeting concluded, suggesting that the U.S.-Japan interest rate differentials may not narrow as fast as previously expected. They did confirm that a former employee’s theft of over 1 billion yen from customers’ deposit boxes did not help with confidence overall.

Short-Term Funding Mechanism for Govt Spending Passes House


For those who walk the deep weeds of internecine politics, we notice there is an influential component of the Sea Island group still at work within the GOP.

The same Republican “conservatives” who voted to suspend the debt ceiling issue for Joe Biden (Chip Roy, Thomas Massie, Nancy Mace et al), refused to stop the issue of the debt ceiling from surfacing during the Donald Trump administration.

At a certain point we must accept there are elements within the republican apparatus who intend to disrupt President Trump even though they present a false face.

The short-term spending bill has punted the issues of government funding into March 2025. The package passed 366-34, with the support of 196 Democrats and 170 Republicans.

The good news is that most of the hidden non-spending aspects were removed in the much shorter CR extension. The provisions which shielded the administrative state, approximately 1,000 pages of self-interested regulation, were removed. However, the debt ceiling conflict will rise again and could potentially present a problem because they will be attached to future legislative negotiations on Trump policy.

The House “Freedom Caucus” is essentially the voice and mechanism for the Sea Island group to disrupt MAGA plans and President Trump’s economic priorities. The Debt Ceiling is their legislative weapon, a false front technical issue to hide the Freedom Caucus intent. They justify standing against Trump by saying “fiscal conservatism”; but in reality, their history shows their vitriol only extends outwardly when Trump is in office.

The Sea Island multinational and banking group (traditional GOP control elements) are the financial backers of these anti-Trump schemes. The origin of their corporate opposition comes from the way they make money, which is not in alignment with the policy of President Trump.

The same group of influential hedge fund managers, billionaires, multinational corporations, banking groups and political operatives on K-Street who do their bidding (Chamber of Commerce, Club for Growth etc.) are/were behind the effort to lift Ron DeSantis. It is easier to reference them simply by saying The Sea Island Group. This is why we see the same names, the Ron DeSantis supporting politicians, voting against the proposals of President Trump.

They do not support the operational intentions of Donald Trump (economic nationalism), and they use “conservative principles” as the justification for their opposition. Quite simply, it is a ruse. I am sick of watching these Deceptive Conservatives create arguments amid the republican base of MAGA support who do not follow the convoluted mechanics of how they use legislation and votes (cloture) to carry out the objectives of the billionaire donor class. CTH was founded in part on this issue. We have outlined these masks for a long time.

(Via NBC) – WASHINGTON — The Republican-controlled House on Friday evening passed a short-term bill to avert a government shutdown … The vote was 366-34, with all opposition coming from Republicans and one member voting present. It capped a tumultuous week in the House that foreshadowed how the new Congress in January might deal with a mercurial Donald Trump back in the White House. A two-thirds vote was needed because the bill came to the floor under a fast-track process.

The legislation now heads to the Senate which must pass it before 12:01 a.m. to avert a shutdown.

The package funds the government at current levels through March 14, and includes $100 billion in disaster aid and a one-year farm bill — while stripping out a debt limit extension demanded by President-elect Trump earlier in the week. (read more)

These funding fights always break down to accepting a crap sandwich amid a buffet of horrible ingredients.  They always suck; however, President Trump’s pragmatic optimal solution approach has always been to plough through it with as little of the crap ingredients as possible, while rapidly positioning to have the benefit of his economic policy as fast as possible.

Lastly, understand this with direct seriousness. The House Freedom Caucus (HFC) wants the Debt Ceiling fight. It is a tool they can use so they can impede the economic agenda of President Donald Trump. This same HFC will -eventually- work to STOP the Musk and Ramaswamy DOGE effort to remove the tentacles of big government.

The HFC are anti-Trump, and they will stand aghast shouting “muh principles” when you point it out; they are, unfortunately, assholes.

Another Debt Ceiling Debate, Another Govt Funding Charade, Another Looming Govt Shutdown


Posted originally on the CTH on December 20, 2024 | Sundance

If the government “shuts down” but nobody notices, is it really a shutdown?

After a group of 38 republicans aligned with almost all democrats in the house, the effort to raise the debt ceiling and fund government failed.

Unbeknownst to most, the debt ceiling was suspended in Jun of 2023. As a result, Joe Biden and congress could spend on Ukraine without worry about the debt ceiling being a hurdle. The UniParty suspended the debt ceiling with a purpose.

Starting Jan 1st, 2025, the debt ceiling issue is scheduled to return. National debt will be whatever it was when the debt ceiling was suspended plus whatever spending Biden and the UniParty did since June of 2023. A new debt ceiling is estimated to be hit by June of 2025 or earlier.

President Trump told Speaker Mike Johnson -using the CR as a vehicle- to push the restart of the debt ceiling back for 2 years. This would allow for continuance of the tax cuts that President Trump wants to make; plus, economic drivers like no tax on tips, no tax on social security, no tax on overtime, a 15% tax bracket for companies who build, invest and manufacture in the USA.  Expanding the economy is the goal.

Our government considers tax cuts as government spending. So, if congress does $4 trillion in tax cuts, the government considers that $4 trillion in additional spending.

The debt ceiling reinitiating next year will make President Trump have to figure out how to pass the tax cuts without going over the debt ceiling and triggering a default.

By not moving the non-existent debt ceiling back two more years, the 38 “true conservatives” stopped the American people from getting more of our money returned via tax cuts and they keep more money in the government.

DOGE was planned to come in under the Trump plan to reduce the size of government at the same time ultimately addressing the issue of the 38 conservatives.

WASHINGTON DC – […] Rep. Anna Paulina Luna (R-Fla.) told a gaggle of reporters outside of the speaker’s office that the bill they plan to put forth would likely be similar to the Donald Trump-backed version that failed on the House floor by a wide margin Thursday evening. She said the vote was planned for 10 a.m.

“I think we’re very close to a deal,” she said, adding that it’s “very close to President Trump’s plan yesterday.”

Johnson and House conservatives are huddling in his office Friday morning as a government shutdown deadline looms in less than 24 hours. Separately, House Democrats are scheduled to have a closed-door meeting later in the morning as they wait to see what happens next. (more)

Brian Glenn: The Base Couldn’t Care Less If This Tyrannical Government Stays Funded


Posted originally on Rumble By Bannons War Room on: Dec 19, 2024 at :6:30 pm EST