Meloni Set to Abolish Italy’s Welfare State


Armstrong Economics Blog/Italy Re-Posted Nov 25, 2022 by Martin Armstrong

Italy’s new PM Giorgia Meloni revealed her first economic initiatives with a budget of 21 billion euros. The Italian government will no longer provide free handouts to those who simply refuse to work. This should not be controversial.

For starters, anyone eligible for welfare must actually reside in Italy. Those capable of working will have eight months to find employment before their free paycheck runs out. Alternatively, if someone refuses a job, they will be excluded from receiving welfare. The 5-Star’s citizens’ wage will be abolished by next year as the system has been abused by many who simply do not want to work. They are reviewing the pension system as well, but it’s too late to save the pension funds.

Italy’s first female PM is also encouraging couples to start families amid a birth rate crisis. Women may take a sixth month of maternity leave and still receive 80% of their salary. Meloni cut taxes on goods for newborns and feminine hygiene. Couples will receive a 50% increase in the “baby bonus,” and families with over three children will receive more incentives. Italy needs future taxpayers.

Everyone cheered when America appointed its first female vice president, but Kamala Harris has done nothing for women who still pay the pink tax and do not have access to maternity leave. It is astonishing how controversial this move has become with the papers calling Meloni a Fascist dictator for preventing working taxpayers from paying for those unemployed by choice.

Australians Safe from Fifth Jab


Armstrong Economics Blog/Australia & Oceania Re-Posted Nov 23, 2022 by Martin Armstrong

After taking four vaccines and failing to curb the transmission of the coronavirus, Australian health officials will not recommend a third booster shot. Health Minister Mark Butler said the Australian Technical Advisory Group on Immunization (ATAGI) admitted that a fifth dosage of the mRNA vaccine would have “minimal” effect toward reduction efforts.

Australia once had some of the strictest COVID restrictions in the world, and this is huge news. ATAGI member Allen Cheng, Ph.D., mentioned that the risk of myocarditis in younger people is troubling. “Vaccinations are beneficial and protective even for younger people but the more doses you get the less benefit you derive from them and then we start to worry about causing side effects,” Cheng said.

Butler said that new booster recommendations will be made in early 2023. Australians are not off the hook yet. Everyone over the age of 30 has been eligible for a second booster since July. The government still recommends staying “up to date” on vaccinations despite that standard constantly changing.

Ukraine Supporters & Denial of History


Armstrong Economics Blog/Ukraine Re-Posted Nov 22, 2022 by Martin Armstrong

UN Agreement Ukraine 1994

I apologize, the proposal began in 1991 for Russia to join NATO. But the final agreement with respect to Ukraine’s nukes was not in Belgrade but in Budapest. History has been rewritten to support the war against Russia for climate change. I have never seen any account of history that reports NATO invited Russia to join in 1991. Some people are so pro-Ukrainian that it is insane. They are really cheering for World War III and no doubt believed in COVID, Weapons of Mass Destruction in Iraq, and Hillary’s RussiaGate. They refuse to open their eyes to see that they have been played for fools as always to justify war.

So cheer all you want. This war will NOT be confined to just Ukraine you can watch it on TV as if it is some video game. Ukraine was the 3rd largest nuclear power. That was a fact. The US paid them to surrender their nukes to Russia and they in turn provided nuclear power rods for electricity. James Baker warned about loose nukes and Ukraine was one of the three republics that ended up with nukes. The difference was, Ukraine wanted to use them on Moscow. All my sources back then were deeply concerned that Ukraine just could not ever be trusted. It was Ukraine that kept the cold war going. Zelensky has supported the Ukrainian Neo-Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves. I have fact-checked that and it is a true statement made to the press.

My dealing with Ukrainian governments has always been: Just show me the money. Ukraine is a corrupt black hole. History will show who is on the right and wrong side if any side survives.

Good luck with your hatred. Remember, there is a funny thing about what we call karma. What you wish on someone else may be what becomes your own undoing. So don’t worry. Your hatred of Russia will end that nation, but it will be a Phryic War and nobody will survive. So cheer the loss of your future. You will get what you deserve in spades.

The Polish Association of Memory of Victims of Crimes of Ukrainian Nationalists documented 135 methods of torture and murder practiced by Ukrainian Nazis. Poland officially called the Ukrainian actions genocide. The Ukrainians have been protected by the CIA for decades ONLY because they hated Russians. They continue to protect the Ukrainian Nazis only because they are waging war against Russia.

The Ukrainians were unprecedented in their war crimes during WWII and the sheer outright cruelty one would expect only exists in some B-Rated horror movies. This included:

  • Running children through with stakes
  • Cutting a person’s throat and pulling their tongue out through the hole
  • Sawing a person’s torso in half with a carpenter’s saw
  • Cutting open the belly of a woman in an advanced stage of pregnancy, removing the fetus, and replacing it with a live cat, before sewing up her abdomen.
  • Cutting open a pregnant women’s abdomen and pouring in broken glass
  • Nailing a small child to a door.

Ignore all the history you want to keep fanning the flames of war. When you lose everything, remember – you asked for this result.

New Interview: 2023 Will Be A Year Of Chaos and Big Challenges for the US


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 5, 2022 by Martin Armstrong

Watch the latest interview above or click here.

Biden Visits Saudi Arabia, Returns with an Empty Tin Cup and Urgent Need for More Windmills


Posted originally on the conservative tree house on July 16, 2022 | Sundance

Joe Biden is heading back from an embarrassing trip to Saudi Arabia and the middle east.  Putting aside the fact that physically and mentally Biden looked weak, foolish, and generally incoherent, in an odd way he was appropriately representative of the current of U.S. influence on the global stage.

Before getting to detail, first it is important to emphasize a point that doesn’t get attention domestically.  Democrats are exceptionally weak on all aspects of foreign policy, specifically because their modern ideology is based on hypocrisy of a stunning magnitude.

Domestically, the U.S. media protect democrats by spinning everything into the best light possible.

However, on the world stage the non-western leaders like Putin, Xi and MbS use that hypocrisy like geopolitical ammunition.

Examples… Domestically the U.S. media do not bring up the Joe Biden Afghanistan mess, the rise -and current legitimacy- of the terrorist Taliban; or the brutal mess Barack and Hillary created in Libya; or the unauthorized intervention into Syria that created ISIS; or the complete fubar that was an illegitimate invasion of Iraq; or Hillary’s insufferable “reset” in Russia; or their inability to deal with China’s proxy province of North Korea, because they pretend it’s not; or the current circus célebrè in Ukraine.

Each region, and there are many more, a typical example of how modern democrats are fundamentally weak on foreign policy.  It is not just Joe Biden either; just about every leftist head of state within the alliance of “western democracies” are also pathetically impotent when it comes to influence on a global stage.

The U.K’s Boris Johnson, Canada’s Justin Trudeau, New Zealand’s Jacinda Ardern and France’s Emmanuel Macron are collectively as pathetic as Biden when it comes to leadership and influence.  Once they step out of their ‘liberal democracy‘ bubble, and head into a nation that doesn’t have state run media like CNN, MSNBC, The Washington Post, Politico and/or The New York Times, those leaders look like the pathetic fools they are.

Biden and the rest of the leftist heads of state decry “autocracy,” and wax philosophically about “western democratic values”, while standing atop two years of their authoritarian pandemic rules, regulations, mandates and unilateral fiats.   Consider their chase for their beloved climate change energy policy and contrast it against their political pearl-clutching over the energy inflation they created.

Is it any surprise that Mexico’s President Andres Manuel Lopez-Obrador want’s nothing to do with the other two knuckleheaded leaders of North America who are selling windmills while regulating traditional oil, coal and natural gas out of existence?  At a certain point, a good neighbor has to look at the duct-taped landscaping and say this is ridiculous.  I digress.

The point is that the so called “western values” are nothing more than high-minded think tank talking points.  Nowhere in actual policy do you find western values exhibited in real world action.   Biden wants to confront Saudi Arabia Crown Prince Mohammed bin Salman (MbS), or Chinese Chairman Xi Jinping over possible human rights abuses, while the same Joe Biden is locking up his political opposition under the justification of an insurrection?  Wait, what?

Yeah, so we started a civil war in Libya and thousands of people are dying in the aftermath. So what?   Biden is here to talk about the Khashoggi splinter your eye, not the Abu Ghraib plank in his.  And, oh yeah, don’t you dare talk about Biden shutting down pipelines and his beloved Green New Deal, just give the U.S. more oil damn you, or something.

I remember well in 2016 when the U.S. media were saying Hillary Clinton was going to mop the floor with Donald Trump at a foreign policy debate.  All Trump had to do was point out the stupid Clinton state dept hypocrisies and it looked like he just threw a bucket of water on the wicked witch.  Hillary melted, and it was hilarious.

Fast forward four years later and another foreign policy matchup was scheduled between Joe Biden and Donald Trump.  Do you remember what happened?  If not, it wouldn’t be surprising, because THEY CANCELLED THE DEBATE.  Why? …

…. Because Trump the peacemaker had just introduced the Abraham Accords.  There was actual peace finally in the Middle east. The U.S. embassy in Israel was built in Jerusalem, without violence.  The U.S. under Trump had a peaceful relationship and mutual understanding with North Korea and Kim Jong Un.  North and South Korea were talking about reunification.  ISIS was destroyed; there was no longer any issue with Syria, and Turkish PM Erdogan was both accountable and on a leash.  There was no conflict with Russia; no expansion of NATO and every NATO country finally paying for their own defense.  Yeah, go figure, THEY CANCELLED THE DEBATE.

Donald Trump had the upper hand in all of his foreign policy engagements, because Trump foreign policy was not inherently based on hypocrisy.

Joe Biden, not so much…

From MbS as interpreted: “We agree on many things, but we differ on a few others. Every country has its own culture and circumstances. I respect yours, you respect mine. Do not impose your culture on us. Do not impose your beliefs on us.” … “We agree we need to do more for climate change, but you guys are doing it wrong by favoring certain energy sources over others. The world needs energy security. We need all energy sources including oil & gas. We are doing our part on both fronts: climate change & energy security.” … “The stage of a country’s economic & social development must be considered in climate change negotiations.” … “We are increasing our production capacity to 13 million barrels per day (from 12 mb/d), but that is it. We cannot do more.”  The message here is: You guys do your part and invest more if you want to avoid energy crises, recessions, and unemployment. Do NOT blame us!

(Via Wall Street Journal) – After his meeting with the crown prince, Mr. Biden said he felt confident that Saudi officials are supportive of increasing oil supply in the coming weeks. But Saudi officials tempered expectations, reiterating that the kingdom would do what is needed to balance the market if there is a shortage of supply.

Any action, Saudi officials said, would need to be coordinated with the rest of OPEC+, a coalition that includes the Saudi-led Organization of the Petroleum Exporting Countries and a separate group of crude producers led by Russia. OPEC+’s current production agreement is expiring at the end of August, setting up some crucial decisions about output for the Saudis and Russians in the next month.

[…]  Saudi Foreign Minister Prince Faisal bin Farhan said after the summit that there had been no discussion of military or technical cooperation with Israel.

Aside from the U.S. saying the Saudis would work to settle the war in Yemen, which it was already doing, the White House didn’t detail any specific human rights-related concessions that the kingdom agreed to during the meeting.

To the Saudis, the benefit of the visit was more immediately evident. From the moment Mr. Biden arrived at the gilded royal palace in this seaside city, Saudi officials enthusiastically held up the meeting as evidence of the crown prince’s renewed influence. State media promoted photos and videos of the two leaders together. Saudi newspapers later showcased images of the duo bumping fists and sitting together at a conference table. “All Weather Friends,” read one local headline.

“The fact that they’ve come and met means we can resolve these matters quicker and faster, because there’s a personal relationship, and the kingdom has historically had a personal relationship with the president of the United States,” said Princess Reema bint Bandar, the Saudi ambassador to Washington. “So, this isn’t a matter of turning the page. This is a matter of strengthening the relationship.”

Mr. Biden is the latest world leader to make the trip to see the 36-year-old crown prince after years of keeping him at arm’s length over the killing of Mr. Khashoggi. French President Emmanuel Macron traveled to Saudi Arabia in December, and British Prime Minister Boris Johnson made the trip in March. (read more)

Understanding Insurrections for Dummies


Armstron Economics Blog/Corruption Re-Posted Jun 18, 2022 by Martin Armstrong

Debunking All Of Biden’s BOLD FACE LIES


By Savanah Hernandez  originally on Published on June 7, 2022 

The one thing the Biden administration does best is lie to our faces on a daily basis. From blaming Russia for our food shortages and gas prices to saying that “America is in a stronger economic position” than ever before, this administration can pretend America is doing fine, but we can all see the reality with our own two eyes.

Is Russia on the Defensive?


Armstrong Economics Blog/War Re-Posted Jun 2, 2022 by Martin Armstrong

Kremlin spokesman Dmitry Peskov is warning the US that they have become instigators in the Russia-Ukraine war. “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov recently told reporters, according to Reuters.

Peskov’s warning comes shortly after Russia deemed most “unfriendly” nations as “hostile,” and with good cause. In an interview with PBS, Peskov said that President Biden’s suggestion to remove Putin from power was taken as a personal insult as the people of Russia, not the president of a foreign nation, determine Russian leadership.

Peskov speaks clearly and confidently; he does not seem like a madman hell-bent on war. In fact, he stated that Russia never wanted war. For decades, Russia has told the West that they are “afraid of NATO” moving closer into their territory. “Please take care of it and do not push us into the corner,” the Kremlin spokesman explained. In Russia’s eyes, they are on the defensive. Putin strictly warned other nations not to interfere in Russia-Ukraine relations. Peskov now states that the West, not Ukraine, is “leading the war against us.”

As for the claim that Russia will launch nukes, Peskov made it clear that Russia has no plans to do so, but would under an existential threat. He clarified that the “existence of the state” and “special military operations in Ukraine” have nothing to do with one another. Ukraine certainly cannot back Russia in a corner to which it feels it must implode its way out, but the West does and is pushing that boundary daily.