Tag Archives: UN Agenda 21/30/50

Jul 3 2022

Massive Implications, Saudi Arabia in Discussion to Join BRICS Coalition – The Outcome Would be Global Energy and Economic Cleaving


Posted originally on the conservative tree house on July 2, 2022 | sundance

It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe Biden’s visit to the Kingdom of Saudi Arabia.

Is this strategic geopolitical pressure from Saudi leader Mohamed Bin Salman (MbS) ahead of the meeting with Biden; or is this a genuine possibility that looms as likely?  If the former, then Joe Biden is being geopolitically slow roasted by Saudi Arabia for his previous disparagements and ideological hypocrisy in his visit.  If it is the latter, well, then the tectonic plates of international trade, banking and economics are about to shift directly under our American feet.

We have been closely monitoring the signs of a global cleaving around the energy sector taking place.  Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.

This article from Newsweek is exactly about this dynamic with Saudi Arabia now potentially joining the BRICS team.

NEWSWEEK – Finland and Sweden’s green light to join NATO is set to bring about the U.S.-led Western military alliance’s largest expansion in decades. Meanwhile, the G7, consisting of NATO states and fellow U.S. ally Japan, has adopted a tougher line against Russia and China.

In the East, however, security and economy-focused blocs led by Beijing and Moscow are looking to take on new members of their own, including Iran and Saudi Arabia, two influential Middle Eastern rivals whose interest in shoring up cooperation on this new front could have a significant impact on global geopolitical balance.

The two bodies in question are the Shanghai Cooperation Organization (SCO) and BRICS. The former was established in 2001 as a six-member political, economic and military coalition including China, Russia and the Central Asian states of Kazakhstan, Kyrgyzstan and Tajikistan before recruiting South Asian nemeses India and Pakistan in 2017, while the latter is a grouping of emerging economic powers originally consisting of Brazil, Russia, India and China (BRIC) upon its inception 2006, and including South Africa in 2010.

Here is the money quote:

[…] “China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS’ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of the Saudi Elite group in Riyadh, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”

[…] “This accession, if Saudi joins it, will balance the world economic system, especially since the Kingdom of Saudi Arabia is the largest exporter of oil in the world, and it’s in the G20,” Hamed said. “If it happens, this will support any economic movement and development in the world trade and economy, and record remarkable progress in social and economic aspects as Saudi Arabia should have partnerships with every country in the world.” (read more)

That would essentially be the end of the petrodollar, and -in even more consequential terms- the end of the United States ability to use the weight of the international trade currency to manipulate foreign government.  The global economic system would have an alternative.  The fracturing of the world, created as an outcome of energy development, would be guaranteed.

Keep in mind, in early June Federal reserve Chairman Jerome Powell stated, “rapid changes are taking place in the global monetary system that may affect the international role of the dollar.”  {LINK}

The western alliance (yellow) would be chasing climate change energy policy to power their economies.  The rest of the world (grey) would be using traditional and more efficient energy development.  The global cleaving around energy use would be complete.

This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion.  No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.

You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt.  Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this global cleaving would happen.

For a deep dive on BRICS, as predicted by CTH, {SEE HERE}.  The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.

Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration.  When multinational corporations run the policy of western government, there is going to be a problem.

In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.

BRICS leaders are aligned as anti-corporatist.  That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are.  As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.

The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency.  Perhaps many nations will use both financial mechanisms depending on their need.

The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’

The BRICS team, especially if Saudi Arabia, Iran and Argentina are added creating BRICS+, would indeed be a counterbalance to the control of western trade and finance.  This global cleaving is moving from a possibility to a likelihood.  If Saudi Arabia joins BRICS the fracture becomes almost certain.

Jul 2 2022

New York State New Gun Laws Include, People applying for a gun license will have to turn over a list of their social media accounts for officials to verify their “character & conduct”


Posted originally on the conservative tree house on July 2, 2022 | Sundance

New York Governor Kathy Hochul called a special session of the state legislature after the Supreme Court knocked down their firearm restrictions.  The new law, which passed both chambers of democrat-controlled government, takes effect Sept 1st and is unlikely to hold up once challenged in court.  The new law is stunningly over the top.

Keep in mind, when writing the majority decision Justice Clarence Thomas concluded there was no historical requirement that law-abiding citizens show the kind of special need for self-defense required by the New York law to carry a gun in public. Indeed, as Thomas wrote, there is “no other constitutional right that an individual may exercise only after demonstrating to government officers some special need.”

The latest effort from the New York assembly is outlined in an Associated Press report which includes:

(Via AP) […] Among other things, the state’s new rules will require people applying for a handgun license to turn over a list of their social media accounts so officials could verify their “character and conduct.”

Applicants will have to show they have “the essential character, temperament and judgment necessary to be entrusted with a weapon and to use it only in a manner that does not endanger oneself and others.”  As part of that assessment, applicants have to turn over a list of social media accounts they’ve maintained in the past three years.

[…]  The bill approved by lawmakers doesn’t specify whether applicants will be required to provide licensing officers with access to private social media accounts not visible to the general public.

People applying for a license to carry a handgun will also have to provide four character references, take 16 hours of firearms safety training plus two hours of practice at a range, undergo periodic background checks and turn over contact information for their spouse, domestic partner or any other adults living in their household.

[…]  Under the new system, the state won’t authorize permits for people with criminal convictions within the past five years for driving while intoxicated, menacing or third-degree assault.  People also won’t be allowed to carry firearms at a long list of “sensitive places,” including New York City’s tourist-packed Times Square.

That list also includes schools, universities, government buildings, places where people have gathered for public protests, health care facilities, places of worship, libraries, public playgrounds and parks, day care centers, summer camps, addiction and mental health centers, shelters, public transit, bars, theaters, stadiums, museums, polling places and casinos.

New York will also bar people from bringing guns into any business or workplace unless the owners put up signs saying guns are welcome. People who bring guns into places without such signs could be prosecuted on felony charges.

[…]  Gun advocates said the law infringes on rights upheld by the Supreme Court.  “Now we’re going to let the pizzeria owner decide whether or not I can express my constitutional right,” said Sen. Andrew Lanza, a Staten Island Republican. “This is a disgrace. See you in the courts.”  (read more)

New York state government is nuts.

Jul 2 2022

Cargo Routed Away from West Coast Ports as Labor Union Contracts Expire


Posted originally on the conservative tree house on July 1, 2022 | Sundance

Keep all of the Biden administration visits to the Port of Los Angeles, Port of Long Beach and Port of Oakland in mind (aka the hide the ships program) as you review this pending issue with port labor unions.   The labor union contracts expired at 5:00pm today.  Massive wage increases, the result of inflation, are demanded by the unions and White House is likely to get involved (if they are not already).

In a very weird economic scenario, the Biden administration actually benefits from a port stoppage as imports are a deduction to GDP and the U.S. economy is presumably on the “zero” growth bubble.   If the Bureau of Economic Analysis (BEA) calculates a negative GDP in the second quarter (not likely for political reasons), the Biden administration would officially be responsible for a recession.  [Any delay in import quantification helps shape the economic statistics; however, Q2 ended yesterday.]

Additionally, port infrastructure specialist, John D. Porcari, is part of the Biden administration economic team.  Porcari shaped the response to the import and supply chain crisis in 2021 that formed the hilarious ‘hide the ships’ strategy.   Porcari works to prop-up the insufferable Transportation Secretary Pete Buttigieg who has no idea what he’s doing.

CALIFORNIA – LOS ANGELES, July 1 (Reuters) – The contract covering more than 22,000 workers at 29 U.S. West Coast ports expires late on Friday, dialing up worries that labor disruption could roil the nation’s battered supply chains, stoke inflation and threaten a weakening economy.

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group, which declined comment for this report, said in a rare joint statement on June 14 that they were not planning any work stoppages or lockouts that would worsen supply chain logjams.

That matters because when the contract expires at 5 p.m. PDT(0000 GMT Saturday), so does its “no strike” clause, said Peter Tirschwell, vice president of maritime, trade & supply chain at S&P Global Market Intelligence.

History suggests a last-minute extension is not likely. The union in November rejected a one-year contract extension, saying its members had already granted a three-year extension to the current contract.

[…] Meanwhile, wary shippers are not taking any chances. They are routing cargo away from the West Coast to avoid potential labor-related slowdowns, particularly at the nation’s busiest seaport complex at Los Angeles/Long Beach that handle nearly $500 billion in cargo annually. That is driving up their costs and contributing to backups at ports in New York/New Jersey, Savannah and Houston.

The last West Coast port labor contract negotiation broke down in 2015 after nine months of talks. Dockworkers stopped work for eight days, a move that gummed up U.S. supply chains and siphoned an estimated $8 billion from the Southern California economy.

U.S. President Joe Biden met with the ILWU and the PMA in Los Angeles on June 10.

Any disruptions at Pacific Coast ports that handle almost 40% of imports to the United States could send transportation costs even higher, exacerbating pressure on a softening economy that is sinking Biden’s approval ratings.

“We’ve never had a White House that is all over these negotiations the way they are now,” Tirschwell said. (read more)

Hmmm….  Opportunity knocks?

A labor union stoppage would be bad for the economy although statistically good for Biden, and any extended work stoppage would be an excuse for empty shelves, shortages and increased ‘demand side’ inflation that might surface.   Huh, funny that.

Understand Operation Hide The Ships Here

Jul 2 2022

European Union Inflation Hits Record 8.6 Percent for All Nations Using the Euro


Posted original on the conservative tree house on July 1, 2022 | Sundance 

It is interesting to remember the recent comments from Christine Lagarde, the president of the European Central Bank, who outlined the EU energy crisis as the heart of the current inflation rate in the eurozone.  Lagarde discussed inflation in Europe while drawing a distinction in COVID-19 spending between the EU and U.S.

Essentially, according to Legarde, the EU subsidized businesses to maintain employment; the EU covered payroll expenses during lockdowns, while the U.S. sent direct payments to the American people who were impacted by the lack of work (basically everyone).

Lagarde outlined this difference in spending approach to explain why the Eurozone inflation was less than U.S. inflation.

How long did that EU Central Bank explanation hold up? Approximately two months.

The U.S. inflation rate is currently estimated at 8.6%, and today the eurozone inflation rate just reached,…. wait for it,…  Yep, an exact match at 8.6%.

LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine.

Annual inflation in the eurozone’s 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat. Inflation is at its highest level since recordkeeping for the euro began in 1997.

Energy prices rocketed 41.9%, and prices for food, alcohol and tobacco were up 8.9%, both faster than the increases recorded the previous month.

Demand for energy has risen as the global economy bounced back from the depths of the COVID-19 pandemic and Russia’s invasion of Ukraine made things worse.

European Union leaders agreed to ban most Russian oil imports by the year’s end, driving a price spike. The 27-nation bloc wants to punish Moscow and reduce its reliance on Russian energy, but it’s also adding to financial pain for people and businesses as utility bills and prices at the pump soar. (read more)

Keep in mind, the EU and the U.S. are both chasing the climate change energy shift as dictated by the World Economic Forum in the Build Back Better program.

If you factor in the dramatic impact in both the EU and the U.S. from energy policy; and then if you calculate the COVID-19 spending as a percentage of the GDP from both economies; what you will discover is the direct similarity that creates the 8.6% inflation match.

The EU spent less on their COVID-19 programs. However, as a percentage of their economy they spent about the same as the U.S.

Joe Biden spent more, but the U.S. economy is bigger than the combined eurozone.

The inflation hitting the EU is almost identical to the inflation hitting the U.S. because the Russian energy sanctions are almost identical in impact to the EU energy sector as Joe Biden’s energy policy (a blockage on energy development) is to the United States.

The current similarity in the inflation rate between the U.S. and EU is specifically because politicians in both regions followed the exact same instructions from the World Economic Forum.

The outcome is ironically a global synergy as the economies of the EU and USA start to collapse.

None of this is accidental.  All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed.  What we are seeing right now is the outcome of the “Build Back Better” roadmap.  The “global inflation” is the outcome.

Jul 2 2022

Bill Gates Wins Legal Approval to Purchase Another 2,700 Acres of Farmland in North Dakota Bringing Total Ownership to 270,000 Acres


Posted originally on the conservative tree house on July 1, 2022 | Sundance 

It’s not a secret that billionaire Bill Gates wants to radically change the process and outcome of farming, agriculture and ultimately food humans consume, in order to follow his climate change ambitions.  Bill Gates has been advocating for the removal of cows, pigs and animal-based protein for multiple years.  This is not a revelation.

However, what is new, is the amount of farmland that Bill Gates is purchasing.  Why would an entrenched climate change ideologue who wants to change food production be purchasing over a quarter million acres of prime farmland?

North Dakota – Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state’s residents.

The state’s Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate farming law. The Depression-era law prohibits corporations or limited liability companies from owning farmland or ranchland, but allows individual trusts to own the land if it is leased to farmers, which Gates intends to do.

Gates is the largest private owner of farmland in America after quietly amassing some 270,000 acres across dozens of states, according to last year’s edition of the Land Report 100, an annual survey of the nation’s largest landowners.

[…] North Dakota Republican Governor Doug Burgum, a former Microsoft executive whose campaign received $100,000 from Microsoft co-founder Gates when Burgum first won in 2016, declined to comment on the farmland sale. (more)

Meanwhile, in related news…

(CANADA) – On May 26th, Aspire Food Group announced that it has completed construction of its alternative protein manufacturing facility. London, Ontario is now home to the world’s largest cricket production facility.

Aspire’s new plant will reportedly produce 9000 metric tons of crickets every year for human and pet consumption. That’s about two billion insects to be distributed annually across Canada and throughout the United States.  Aspire also reports that it already has orders for the next two years.  

Crickets are currently being explored as a protein-rich superfood. They contain fibre and are already found in grocery stores and restaurants, and have a smaller environmental footprint than traditional protein sources. (read more)

Jul 2 2022

Wall Street Advocates Begin Admitting Demand Side Economy is in Free Fall


Posted originally on the conservative tree house on July 1, 2022 | Sundance

Keep in mind as you review this article from the Wall Street Journal that every corporate (think Wall St) media outlet, has claimed for well over a year, that inflation was predominantly a demand side issue.  In essence, consumer demand was so strong that prices were rising because of it.

The demand side argument/justification for inflation was always false.  However, it was/is still the claim made by members of the Biden administration and almost every board member of the federal reserve.

All of them, almost universally, dismissed the supply side inflation argument which is the reality at the epicenter of inflation causation.

Inflation was/is an exclusive outcome of three supply side aspects which merged simultaneously: (1) the Joe Biden energy policy, (2) the Joe Biden promoted covid response via legislative spending, and (3) the promoted Biden administration monetary policy.

While the legislative spending did create artificial economic activity, all of these inflationary sources are supply side impacts.

The demand side claim for the origin of inflation was always a ruse, a con, a complete farce intended to backstop the claim that inflation would be “transitory” once consumer spending moderated.   From that perspective every approach from government toward controlling inflation was wrong.  Not wrong by accident, wrong as a matter of deceit and purposeful media manipulation in order to maintain the “Build Back Better” or “Green New Deal” agenda….. which, I might add, benefitted from the advanced Wall Street investment in both constructs, globally and domestically.

In short, a collaboration of purposeful ignorance and pretending not to know has culminated in the collapse of much of the global economy.  Now, with that result visibly and unavoidably surfacing, the controllers of policy, both here and aboard, need to shift and start making admissions.  Thus:…

Wall Street Journal – Factories around the world are reporting weakening demand for their products, a sign that the consumer-goods boom that kick-started the postpandemic economic recovery could turn into a bust as surging prices and interest rates erode spending power.

Surveys of manufacturers released Friday told a similar story whether the factory was in South Korea, Italy or the U.S.: Output is falling or is rising at a slower pace, driven by declines in new orders, and particularly those from overseas buyers.

When prices began to rise rapidly early last year, central bankers thought the surge would be short-lived because supply would increase to match higher demand. As higher inflation persisted, they stopped waiting and began raising borrowing costs to reduce demand.

Now it seems higher prices themselves appear to be having the same effect, weighing on purchases even in places such as the eurozone, where interest rates have yet to rise.

“Demand is now weakening as firms report customers to be growing more cautious in relation to spending due to rising prices and the uncertain economic outlook,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.

U.S. factory activity grew in June at the slowest pace in two years, according to the Institute for Supply Management’s measure of U.S. manufacturing activity known as the purchasing managers index.

New orders fell for the first time in two years as customer demand weakened. Employment in the manufacturing sector also fell for the second straight month, the survey found.

A separate measure of U.S. manufacturing PMIs produced by S&P Global indicated that output stagnated in June as sales fell for the first time since May 2020. Expectations for future output dropped to the lowest level since October 2020. (read more)

U.S. inflation was/is driven -in the vast majority- by supply side impacts as a result of policy (Build Back Better).  The U.S. recession was/is now going to be driven by demand side impacts that are the result of increased supply side costs.  This is the natural economic truth being denied by all levels of political leadership.

Joe Biden policy makers, specifically the U.S. treasury secretary and the federal reserve chairman, have claimed -falsely- that current inflation was/is being driven by demand. In essence, and ironically, their position means consumers are to blame for high prices.  This has been their story and they have stuck to it.  However, remember monetary policy can only impact the demand side of the economy.  Monetary policy cannot impact the supply side, that aspect is led by Joe Biden policy.

The Federal reserve, having denied (pretended) the supply side causation, has effectively raised interest rates (0.75%) into an economic environment where consumer demand was already contracting.  CTH has been asserting this fundamental position all year.   Here is the evidence:

US Manufacturing PMI fell dramatically to 52.4 in June 2022 from 57 in May.  This drop is well below the market and economic expectations of 56, and now points to the slowest growth and steepest drop in factory activity in almost two years.  Contractions in output and new orders are pushing the index down.

Production and new sales declined for the first time since the depths of the pandemic in mid-2020 driven by weak consumer demand.  Inflation and a drop in wholesale and retail purchases have lowered purchase orders.  The gears inside the economy are slowing to a halt.

Look at the PMI trendline and you can clearly see what we have been discussing on these pages since March of 2021.   Consumer demand has been dropping in direct proportion to the dramatic rise in inflation (consumer prices).

At the exact moment that U.S. inflation began spiking in housing, energy, fuel and food, consumer demand for non-essential purchases, durable goods, started dropping.  This is a natural outcome that mirrors your own experience in checkbook economics.

When food, fuel and energy cost you more, you stop buying stuff and start prioritizing.

Following the path of the “build back better” agenda, the U.S. version called “Green New Deal,” meant the Biden administration had to continue denying that any demand side contraction was taking place.   However, it is clear from the indexes under the control of purchasing managers that orders for factory goods have been dropping.

The same is true on the services side of the PMI.  Demand for services are being prioritized, and demand for non-essential services are dropping.

The U.S. economy is contracting.  Denial abounds.

Infuriating does not adequately describe my sentiments toward these intentional liars.

We are in an abusive relationship with all levels of government and their media spokespeople.

Independent and honest journalism, the sharing of information that can empower people to intercede events with political liars, is quite literally the only thing that might save us from the catastrophic consequences of all this pretending.

Knowledge is power, and we need to build our arsenal with an urgency unlike any before in our lifetime.

Jul 1 2022

New York Prohibits Illegal Aliens from Voting


Armstrong Economics Blog/Politics Re-Posted Jul 1, 2022 by Martin Armstrong

In a groundbreaking moment of enlightenment, New York lawmakers decided that only US citizens should be able to vote. “There is no statutory ability for the City of New York to issue inconsistent laws permitting non-citizens to vote and exceed the authority granted to it by the New York State Constitution,” wrote Staten Island Supreme Court Justice Ralph Porzio.

The recent ruling has blocked over 800,000 non-citizens from voting, accounting for nearly one in nine of the city’s voting-aged 7 million residents. The vote was approved with a 33-14 majority. Imagine visiting another country, perhaps living there for a month, and having a say in who they elect in positions of power?

The only requirement for non-citizen voters of age under this failed proposal would be that they are authorized to work in the US and have spent a measly 30 days in the city. They were pushing for this bill to pass by 2023 to infiltrate the 2024 US Presidential Election, among others. Mayor Bill de Blasio questioned the proposal but said he would not use his veto powers if the measure passed. Republican minority leader of the City Council Joseph Borelli told the Associated Press that the bill “devalues citizenship” as “citizenship is the standard by which the state constitution issues or allows for suffrage in New York state elections at all levels.” Borelli accused certain lawmakers of using the bill to infiltrate the voting process.

Non-citizens do not need knowledge of the English language, and they do not need to have any real understanding of the US election process. This law violates the Constitution so blatantly that there was bipartisan skepticism. It seems only the “progressives” were firmly in support of this measure since everything is racist in their bloodshot eyes.

Jul 1 2022

A Red Wave is Coming


Armstrong Economics Blog/Politics Re-Posted Jul 1, 2022 by Martin Armstrong

After examining 12 months of data from 1.7 million Americans, the Associated Press (AP) has found that people are fleeing the Democratic Party. The Democrats enjoyed a slight edge while Trump was in power, as the outspoken president seemingly polarized voters who felt the two parties represented good v. bad. Inflation is running at a 40-year high, people cannot afford rent, crime has skyrocketed, the borders are open, and we are in the midst of an energy crisis – the list of issues that the Biden Administration has created is endless.

It is no wonder that 1 million voters in 43 states have switched to the Republican Party in the past year. The poll noted that middle-class suburban dwelling voters have been even more likely to switch parties, which spells trouble for the Democrats who previously relied on this demographic in swing states. In swing state Pennsylvania, for example, party changers switched to the GOP from 58% to 63%.

Biden’s popularity seems to diminish weekly. Democratic lawmakers have lost control of their cities and crime will continue to rise with poverty. COVID fear-mongering worked for only so long. Now, people are disgruntled with the “new normal” and are shifting their political beliefs to align with traditional American morals.

Jul 1 2022

Will the Fed Reverse Course?


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

QUESTION: Marty, It seems like the Epoch Times is reporting nonsense. They just posted an article claiming that some analysis I never heard of claims that the Federal Reserve is “likely to reverse course and continue to print substantial amounts of money because doing otherwise would threaten the federal government with insolvency.” With the demand for US debt rising in the face of Europe, I do not understand this reasoning. Would you elaborate?

Thank you

IG

ANSWER: You are correct. This is the typical domestic analysis that only looks at the Fed and everything just inside the USA. The US is nowhere near insolvency at this time. That cannot be said for the rest of the world. The capital inflows are still pointing into the USA. Whenever there is war in Europe, capital flees to the United States. There is no way the USA is in danger of insolvency right now. That will eventually come, but that is post-2024.

This is the problem with the domestic analysis. It is the difference between a domestic fund manager and an international hedge fund manager who MUST be aware of everything taking place EVERYWHERE. The purpose of this blog is to show you that we are ALL connected globally, and what takes place in one region will impact the flow of capital globally.

The bull market into 1929, the 1989 bubble in Tokyo, and the dot.com bubble in 2000 were all created by the concentration of capital globally into that one region. That was the same for the Russian Financial Crisis of 1998. All the hedge funds and banks were buying Russian GKO debt at high rates of interest, assuming the IMF would never allow them to default. When they realized they were wrong and tried to exit, there was NO BID.

Hence, those hedge funds and bankers began to sell all investments everywhere else because they needed cash to make up for the losses from Russia.

This is why academics are ALWAYS wrong. They have never traded and do not comprehend how markets function. They always want to blame some mythical short-seller they have never found since the first investigation of the Panic of 1907.

When you call your broker, and he says there is “NO BID,” you are in the midst of a flash crash. Only a trader understands that.

Our computer has forecasted every such instance. There is no way the US is ready for insolvency. As the capital flows into the USA, the insolvencies are everywhere else such as Lebanon and Sir Lanka, for example.

Look closely at our capital flow map. Note that the capital is fleeing Europe. But also note that the sanctions imposed on private Russians have led to their liquidation of assets in the West, and capital is flowing back into Russia. Hence, as always, our politicians who listen to academics are doing everything precisely opposite of what they should be doing. Our Capital Flow Models, unlike any other tool, have identified that Biden’s sanctions have indeed already destroyed globalization. Even that has come out right on target — 72 years from the birth of globalization in 1950, which has created world peace and broke the back of communism.

Jul 1 2022

Cassidy Hutchinson = Amber Heard 2.0 = Perjury?


Armstrong Economics Blog/Politics Re-Posted Jun 30, 2022 by Martin Armstrong

The story of Trump lunging for the wheel appears to be total perjury. The Secret Service said they would testify, but were not called because Cassidy Hutchinson appears to be the new Amber Heard 2.0 as she is starting to be called all over the place. She wanted to work in Florida for Trump a few days later after January 6th, but Trump rejected her application. Is this payback? She better be very careful now for if the Republics take back the Hill, I would call her to the stand and dig into all those who coached her on how to testify and what to say. That is the way prosecutors handle their witnesses.

Anyone familiar with this tump of limo knows that it would be impossible for anyone sitting in the bank to move all the way forward and then reach over the driver and try to grab the wheel. She was coached on what to say and how to say it. This is more fake news orchestrated by Cheney just like her father did to create the Iraq War and hand billions of dollars to the very company he headed. I believe her father was corrupt and an evil person and she is proving that the apple does not fall too far from the tree. Cheney is now asking Democrats to change their registration to Republican so they can vote for her.

COMMENT:  RE: Recent article on Cassidy Hutchenson’s hearsay testimony.
I Martin, Thank you for all that you do. One thing to point out, Cheney is pretty much alone with her antics. The people of Wyoming DO NOT support what she has done. She has NOT acted as a Representative of Wyoming People, she is doing her own show. Our Primary elections will be held in August and you will see Cheney be dissolved. The polls are against her recently by 28 points. So no Wyoming doesn’t want to join California. We are of a different cloth.

MO

REPLY: Thank you. Well, I normally stay clear of donating to politicians. However, I will be donating to whoever Trump endorses against this woman. If this was an honest mistake it is forgivable. But she is an attorney and she knows you CAN NOT introduce HEARSAY which is nothing but a rumor and if you ask Huctinsin, she cannot testify that what was said was true because she was not there.

Putting HEARSAY up like this is defamation of character and that is what is going on here because most Democrats will believe it simply because they hate Trump, which is what these people have been doing from the very start of his victory. This is NOTHING but propaganda to manipulate the Mid-Term Elections. I would haul Cheney into a real court and move for Conspiracy to commit treason against the United States. I for one would put her on trial for coaching witnesses and supporting perjury before Congress.

This has nothing to do with Trump anymore. This is about ending the propaganda from those who have occupied the Hill. Hopefully, by 2032 we get to start all over again. At least voting Republican will stop the WOKE nonsense and restore energy. However, they too will be cheering World War III simply because they will listen to the Neocons.