What is inflation? Deflation of purchasing power.
US dollar going up because of Ukraine. Foreign money looking for a safer home.
European Union still paying negative interest rates. Having a sovereign debt crisis.
Will the Euro break up? Debt wasn’t structured properly at its formation.
All Euro countries expect to pay the same interest rate, even though each country has different economic health. 8 years of negative interest rates.
Ukraine had 3rd largest nuclear armaments in the world. When Soviet Union broke up in 1991, nukes were returned to Russia, with an agreement that west would not invade Russia.
Minsk 2014 agreement that Donbas regions could vote on independence. Zelensky didn’t comply with that.
2 factors explain Russia invasion of Ukraine. 1) At Munich Security Conference on Feb 20, we sent VP Harris, who sent Ukraine should join NATO. 2) Boris Johnson said we would reestablish nuclear weapons in Ukraine against Russia. Russia invaded Ukraine the next day.
Kiev was where Russia began. Putin sentimentally attached to it, didn’t attack. Second tier Russian officers don’t care about Kiev.
What do US neocons want? In Clinton admin, Russia wanted to join NATO. But neocons don’t want world peace. They’d be out of a job. They can’t sleep at night unless they have an enemy.
Even Kissinger said to surrender Donbas to Russia. Crimea, Donbas, have always been Russian people. Zelensky says he won’t yield one inch.
Saddam Hussein kept the other terrorists in check. ISIS started after we killed him.
Every 200 years there’s revolution. First in 1776. After 2032, will have change again. Next one will be against republics.
Republics historically tend to be most corrupt forms of government. You can bribe them.
Caesar crossed the Rubicon in summer, but the calendar said it was winter. Locals cheered Caesar and Cicero supporters fled.
In 2030 will oil be 250?
Democrats want to destroy capacity to produce fossil fuels so the Republicans can’t regenerate that capacity if they get in office.
In cabinet room, each agency is fighting for power, and the president is supposed to manage them. Biden can’t.
Trump questioned why US troops were dying in historically conflicted Afghanistan. He cared and wanted to withdraw, which drew enmity.
Trump’s successes were attributed to his father. Trump wanted to be president to say this is what I’ve done.
Margaret Thatcher and Ronald Reagan cared, which differentiated them from other politicians.
How did Trump become president in 2016? They were blindsided. It was a vote against Democrats, not a vote for Trump.
What is a neocon? Warmongers, and they’re on both sides. Hillary Clinton, Lindsay Graham, John McCain. They work together. Supported by military establishment, NATO.
Putin was selected because he was more democratic, neutral, a smart man, and against communism. Contrary to the popular meme.
ArmstrongEconomics.com offers blog and subscription info. Sign up. Home to Socrates, a fully functioning artificial intelligence system, unique for its objective modeling capability. Looks at capital flows. A.I. generates written reports.
DAVOS is a joke. The people are all fake.
Biden’s sanctions on Russia were brain dead. He has destroyed the world economy; it is splitting in half. Russia is wealthiest nation in world for resources. Major world wheat supplier. Rises in energy prices means third world countries can’t feed their people. Spread of sovereign defaults. It’s not the invasion, it’s the US sanctions that caused the evils. SWIFT is no longer independent, can’t be trusted, is a political tool. China more intelligent than people understand. Germany strongest economy in Europe, but at bottom of global list in net worth. High taxes. Always export oriented. US was a consumer economy, how we got to be big. China has looked at Germany and the US. Realize they have to be self-sufficient, are building own consumer market. Will be largest world economy by next year.
Paul Volcker wrong about high interest rates. Back then, had a shortage because OPEC shock increased cost of production. Stagflation came in then, and we’re back to it now. Keynesian economics is failing. It worked in 1930s because Hoover had a balanced budget. FED manipulated the people, not the government. Now it won’t work for the FED to raise interest rates. Raises cost of production on everything, doesn’t stop the government from spending. FED has no tools that work now. Can’t prevent inflation. FED is most independent central bank and they at least understands the problem. Everything is falling apart. US spent money into a deficit even when we were in a boom.
They will try CBDC. A bait and switch. They will never admit they are the culp
