Oct 24 2024

Tensions Heat Up As North Korean Troops Arrive in Russia

Posted originally on Oct 24, 2024 By Martin Armstrong

Defense Secretary Lloyd Austin confirmed yesterday that North Korea has deployed troops to Russia. “That is a very, very serious issue and it will have impacts not only in Europe, it will also impact things in the Indo-Pacific as well,” Austin warned. Zelensky is now panicking as two nations with nuclear capabilities are fighting against Ukraine.

North Korea denies the allegations. “My delegation does not feel any need for comment on such groundless stereotyped rumors,” a North Korean representative to the United Nations said during a U.N. General Assembly session this week. Kremlin spokesperson Dmitry Peskov said there is a lot of “contradictory information” spreading. “This should not cause anyone any concern, because this cooperation is not directed against third countries,” Peskov added.

South Korea is eager to aid Ukraine, with South Korea’s National Intelligence Service believing 3,000 troops have been deployed, with an additional 10,000 North Korean soldiers expected to arrive in Russia before the end of the year. Zelensky believes two brigades each composed of 6,000 North Korean troops have already made their way to the battlefield.

Russian Foreign Ministry spokesperson Maria Zakharova warned Seoul “not to fight in anti-Russian hysteria, but to think about the consequences for the security of South Korea, which could lead to the entry of the Republic of Korea into the Ukrainian conflict, if such decisions are made.” Yet, South Korea said the involvement of its northern enemy gives it the green light to begin heavily arming Ukraine.

Meanwhile, Zelensky is blaming NATO. “My position is very clear. We gave away our weapons but got nothing in return. Only a full-scale war and death. Therefore, today we have only one way out. We need NATO because we don’t have weapons that can stop Putin,” Zelensky said, later adding that he had asked both Trump and Biden for additional assistance since the US is the primary donor to NATO. “We gave up our nuclear weapons. We did not get NATO. I asked them if you could name me other allies or another ‘security umbrella’, some security measures and guarantees for Ukraine that would be commensurate with NATO. No one could tell me,” stated Zelensky. What would a “security umbrella” entail here? His Victory Plan banks on the total annihilation of Russia.

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North Korea may be a small, hermit kingdom, but it has an army of 1.2 million troops. Earlier in the month, North Korea denounced NATO’s condemnation of military cooperation between North Korea and Russia, warning that the entity could face “tragic consequences” if it continues to pursue an anti-North Korea stance. “NATO, no more than a tool of the U.S. for war, slandered the intensified legal cooperation between independent sovereign states while distorting the essence of the Ukrainian incident,” an unnamed ministry spokesperson was quoted as saying by the Korean Central News Agency.

I mentioned in an earlier blog post the ECM cycle for North Korea. North Korea recently removed all verbiage of reconciliation with the south from its Constitution. South Korea is absolutely enraged at this recent revelation and is eager to retaliate. Llyod Austin’s statement about North Korea’s involvement impacting the entire Indo-Pacific region should not go unnoticed as China may be the final player who must become involved to spark World War III.

Oct 23 2024

Switzerland is No Longer Neutral

Posted originally on Oct 23, 2024 By Martin Armstrong

“Neutral like Switzerland” can no longer be a saying as the Swiss government has announced it is joining the European Sky Shield Initiative (ESSI) to develop a shared missile defense system across Europe. Switzerland is neither an official member of the European Union nor a member of NATO. Yet, the nation forfeited its neutrality stance years ago as Swiss leaders continued to adopt globalist rules.

The ESSI was initially proposed by Germany in 2022 amid the Russia-Ukraine war. The program will integrate with NATO’s Integrated Air and Missile Defense (IAMD) to enhance Europe’s air defenses. The powers that be know war is on the horizon, but they are betting on most of Europe continuing to fight on the same team. Armament chief Urs Loher has signed the memorandum of understanding (MoU), officially making Switzerland the 15^th nation to join this coalition.

Switzerland claims that the MoU does not force it into any binding obligation as the government may choose its level of involvement. The Swiss government also claims that it may withdraw from the ESSI if any member becomes involved in a war. “With its participation in the ESSI, Switzerland is increasing international opportunities for cooperation: ESSI enables better coordination of procurement projects, training and logistical aspects in the area of ground-based air defense,” the government noted in a statement. The initial project will protect Europe against medium-range missiles, but naturally, the plan is to accelerate this technology.

Switzerland lost its tax haven status years ago when it began offering up banking information to foreign governments. Switzerland completely capitulated its historic safe-haven status to the entire world. The country was born from a tax revolt against the Hapsburg dynasty in Austria. The tax collector made William Tell to shoot an apple off his son’s head with an arrow. Switzerland then remained neutral in war and religion, serving as a safe haven for those who would be religiously persecuted. All of that is now gone.

In 2015, the Swiss Senate passed a resolution to exchange ALL information on anyone who has any assets in Switzerland. They have surrendered their sovereignty to this worldwide effort to destroy the entire global economy because politicians can never run any government efficiently.

Of the nation’s three main sectors, the tertiary sector is the most important for the Swiss economy. It includes banking, insurance, and tourism, employing more than 75% of Switzerland’s workforce. Over a fifth of the working population makes up the secondary sector, i.e. industry, trade, and crafts. The machine, metal, watch, and textile industries play a significant role, as do the chemical and pharmaceutical industries, which rely heavily on imports and exports. By far, banking was a major sector at the top of the list.

The Swiss economy was built on its banking expertise and security. That is now gone in the age of hunting cash globally. Consequently, the economy of Switzerland lost its primary competitive advantage economically. Now it must develop industries that are competitive globally. It needs more than chocolate and Rolex watches.

Yet, we saw over COVID how tyrannical the Swiss government has become though countless regulations and threats to imprison any dissenters. They even outlawed singing in public in the name of COVID simply to see how far they push the masses. It comes as no surprise as the nation is part of the globalist agenda for the Great Reset and Agenda 2030. They toyed with the idea of imprisoning citizens for heating their homes in the name of climate change, as one example. Swiss authorities have utterly change the demographics of their country by permitting mass migration as the population surpassed 9 million for the first time in history.

Then, the Swiss government was eager to aid Europe’s proxy war in Ukraine and placed sanctions on Russia. “Russia’s military aggression against Ukraine is a serious violation of the most fundamental norms of international law and is without precedent in recent European history. Within the scope of its political room for manoeuvre, the Federal Council took this into account in its decision to join the EU sanctions,” the government stated. Is that neutrality? If someone loaded your enemy’s gun, would you consider that person to be neutral?

Switzerland continues to claim neutrality. “Neutrality is not set in stone; on the contrary, it is an instrument of foreign, security and also economic policy that must be adapted to the prevailing political climate. The Federal Council has in the past regularly examined and adapted its understanding of neutrality; for example, it did so through the neutrality report of 1993. The war in Ukraine is challenging the existing international and, above all, European security order,” states the Federal Department of Foreign Affairs (FDFA).

Russia already sees that Switzerland is aligned with the West and rejected the nation’s offer to mediate peace talks in 2022. Switzerland has managed to maintain neutrality for 500 YEARS. The globalist neocons who infiltrated all government cabinets have compromised Switzerland and are stripping it of everything that once made it a great nation.

Oct 23 2024

US Budget Deficit Third-Highest on Record

Posted originally on Oct 23, 2024 By Martin Armstrong

The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to government spending. The highest deficit happened in 2020 during the disaster of COVID, and second behind is the clean-up year of 2021 when the deficit dropped to $2.772 trillion. Bidenomics is nearly as harmful as global one-in-a-lifetime disaster.

The deficit widened 8% or $138 billion from the reported $1.695 trillion in 2023. The department stated that a large chunk of spending went to the reversed decision to forgive $330 billion in student loans after the Supreme Court declared Biden’s attempted bribe to young voters unconstitutional. Democrats are now blaming Republicans for “tax cuts that led to low revenue levels that increased the debt.” Their spending is always our cross to carry, and we will inevitably be punished through taxation.

The government is to blame on both sides. We are funding three major wars yet claim we are not a nation at war. America spends as if it has endless money. Why? Because the US Treasury knows it can never pay off all its debt. It doesn’t intend to pay it off and it is highly likely they let the reigns loose long ago since the actual number matters not. Now we are being crippled by the interest alone on these debts. There was a 30% annual increase in spending on interest alone on the public debt. The government spent $890 billion on interest alone. For reference, the US defense budget was $866 billion last year. Interest rates rise in times of war, sinking the nation further into debt. Again, this is not isolated to America as we will see defaults cripple both nations in Asia and Europe before reaching American soil, hence the capital movement into US equities.

Oct 22 2024

You’re Being Brainwashed Tour LIVE from the University of NC with Charlie Kirk and Vivek Ramaswamy!

Posted originally on Rumble By Charlie Kirk show on: Oct 21, 2024 at 3:00 pm EST

Oct 22 2024

Biden Blames Trump for his $1.8 Trillion Deficit – What Propaganda

Posted originally on Oct 22, 2024 By Martin Armstrong

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I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it sound like tax revenues have declined. In 2020, the last year of Trump’s presidency, the total tax revenues collected were $3.42 trillion. In 2023, the revenues taken in from taxes was $4.4 trillion. And the U.S. government now estimates its total revenue will be $5.49 trillion for fiscal year 2025.

If we confiscate 100% of the top 10 wealthiest people, according to Forbes, we would get $1.5 trillion, but that still will not eliminate the deficit. It would destroy all of those companies, create huge unemployment, and wipe out our countless pension funds, But hey. They are the problem, and they are never the politicians who are off to rob others and hand it to you for your vote.

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Since the war with Russia began in February 2022 during Biden’s Administration, he has pushed for a total of $175 billion. Interestingly, $106 billion directly aids the government of Ukraine, while the balance funds “various” U.S. activities associated with the war in Ukraine, namely overthrowing the Russian government and surrounding countries. This is never documented or fully explained. Thus, Ukraine accounts for about 10% of Biden’s deficit.

But hey! This is all Trump’s fault for not raising taxes back to 94% as they were for World War II, 91% for Korea, and 70% for Vietnam. If we look at the accumulative interest expenditures and war, about 70% of the national debt has been for playing policeman of the world. This has NEVER benefited the people.

They always say to tax the rich. As I said, if you take ALL the assets of the top 10 billionaires, you would NOT eliminate this $1.8 trillion deficit. But that is just the tip of the iceberg. They changed the definition of who the rich are. Before World War II, the definition of the rich was $5 million, while a Cadillac was $600. The began to raise it to $250,000 a year, but then it was clarified as “household” income. So, if you and your wife combined were at $250,000, you were that horrible, evil, greedy rich person they need to shake upside down to get every penny in your pocket.

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Once upon a time, it was theorized that if the government borrowed, it would be less inflationary than printing. But those days are gone. That is when it was illegal to borrow against government debt. Today, debt is just money that pays interest the same as it was during the American Civil War.

If we add each year the total interest expenditures, you will see that generally, about 70% of the national debt is based on just interest, as we will reach $1 trillion this year. Guess what? China holds about 10% of the US national debt, so interest is going to China, but it does not stimulate the US domestic economy. We should stop borrowing, for it would be cheaper and less inflationary if we just printed to cover the deficit rather than borrow. Then, capital will lend to the private sector, and we will see a huge economic boom. Things have changed in economics – it is about time we recognize Keynesian Economics has failed.

Oct 22 2024

Frequent Flyer Tax

Posted originally on Oct 22, 2024 By Martin Armstrong

The core reason that the establishment is suddenly interested in climate change comes down to one main factor – money. More specifically, the establishment is hunting down YOUR money through taxation. A second motivator is limiting our freedom of movement by demonizing fossil fuels and limiting our ability to travel. The European Union is now seeking to punish those who fly more than once per year with a frequent flyer tax.

The EU has already implemented an aviation tax, but the new proposal is designed to punish the pesky “rich,” but per usual, everyone will suffer. “A frequent flying levy would be a fair aviation measure, reducing excessive flights for wealthy passengers, while raising revenues – including to expand and provide affordable railways and public transport,” the Stay Grounded network told Euro News.

The new levy would target everyone flying from the European Economic Area (EEA) and the UK. The standard aviation tax would apply for the first two flights taken per year, but an additional 50 euro surcharge would be applied to medium-haul flights while long-haul, first-class, and business flights would cost an additional 100 euros. Then they are adding an additional 100 euro fee after the fifth flight on top of the initial surcharge. People will be expected to pay an additional 200 euros for their seventh flight and 400 euros for the ninth.

Lawmakers believe this tax would increase current EU aviation taxes six times over and cover 30% of the overall budget, the budget that those same lawmakers can never adhere to. Some organizations believe authorities can collect up to 64 BILLION euros per year.

But that is never enough for those in government. There are also rumors that aviation will no longer be exempt from VAT and fuel taxes, which would automatically raise the cost of flying for everyone.

If government restricts the freedom of movement with respect to people, trade, ideas, communication, and good and services, the world economy cannot possibly survive and this places us at risk of a frightening Dark Age all because governments fear losing power and are desperate to hunt money for confiscation.