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The Decline & Fall of the Global Economy
Armstrong Economics ^ | 13 Mar22 | Martin Armstrong

Posted on 03/13/2022 11:41:52 AM PDT by delta7

There are a host of Republicans writing to Biden that he should send planes to Ukraine. These people in Washington are always quick to spill the blood of other people’s children – not their own. I find it appalling that you do not hear a single world that Zelensky should compromise on anything. His refusal to let the two provinces be independent which was promised them in the Minsk Agreement back in 2014 is unnecessarily putting his entire country at risk for some antiquated theory of imperialism. It was the USSR that drew the borders of Ukraine. It was not an independent country in itself until modern times. Instead, Zelensky is trying to drag the entire world into World War III, and make no mistake about it, do that and you will find that China is partners with Russia. There is no doubt that Russia should go ahead and nationalize all the foreign companies that left Russia over this Ukraine issue. Even Warren Buffet started dumping Apple stock. Never in all my career have I watched corporations make such stupid decisions. There is no such thing as “temporarily” closing businesses. Biden has destroyed the world economy with sanctions and confiscated the assets of private Russians. There will be no return because there is no way that Russia can now yield to the demand of the West. So they will never return and the assets left behind might as well be nationalized for the world economy as we have known it has been destroyed. Once Biden removed Russia from SWIFT, which refused to do so when asked by Obama during 2014 and Crimea, that was the first blow to the world economy. SWIFT has undermined the entire world showing that it is no longer about supporting global commerce, but it is just now a political tool. China now has no choice but to move ahead on its own replacement. Hence, that was the first blow to ending the global economy. The second was Biden confiscating the personal assets of Russians rather than keeping this between governments. This has created a Waterfall Crisis whereas the global economy as we once knew it has come to an end. You cannot do business with the United States for they can invade a country, never be sanctioned, but if anyone else does what they do it becomes war. Whoever is making these sorts of decisions clearly has no sense of integrity, history, or international relations. Biden will be remembered as the man that began the decline and fall of the American Empire.


TOPICS: News/Current Events
KEYWORDS: economy; greatreset; wef
The US destroyed the current financial system, by design I believe.
1 posted on 03/13/2022 11:41:52 AM PDT by delta7
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To: delta7

Considering there is a WEF member from every country it was a group effort!


2 posted on 03/13/2022 11:52:23 AM PDT by 100%FEDUP (I'm seeing RED!)
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To: delta7

I am losing my retirement money that I worked so long and hard for but what’s the sense of moving it now?...if the whole world economy is sinking, nothing at all is safe, except hand held precious metals.


3 posted on 03/13/2022 11:55:02 AM PDT by cherry (;)
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To: delta7; MinuteGal; M Kehoe

From WIKI: this is what Joe Biden and the Globalists have in mind for us:

THE GREAT RESET

“Political leaders such as Canadian Prime Minister Justin Trudeau, U.S. President Joe Biden and New Zealand Prime Minister Jacinda Ardern have endorsed the idea of “building back better”, as has UK Prime Minister Boris Johnson.[35]

Time magazine published a series entitled “The Great Reset: How to Build a Better World Post-COVID-19”, which included a collection of articles, columns, talk videos and interviews.[36]

Canada
In a June 11, 2020 meeting with the Prince of Wales and Permanent Representatives to the United Nations from the Commonwealth of Nations, Prime Minister Justin Trudeau spoke regarding the Great Reset initiative.[37] Trudeau said that the Commonwealth, of which Canada is a member nation-state, provides a space for “dialogue and collective action on global issues related to sustainable development” which includes how to “build back stronger, more resilient, and greener economies” in a post-COVID-19 world.[37] This is in line with similar statements made on May 28, 2020, when Trudeau and Andrew Holness, Jamaica’s Prime Minister, convened an online meeting of “world leaders and international organizations” to consult on a “global response to the significant economic and human impacts of COVID-19, and advance concrete solutions to the development emergency”.[38]

In his August presentation entitled “The Great Reset”, at the Victoria Forum 2020, the Governor of the Bank of Canada described how COVID-19 is resulting in a “structural shock with broad impact worldwide”.[39] He said that governments, investors in the corporate and financial sector—including central banks, and individuals households, need to evaluate risks and prepare for transitions. He recommended the use of scenario analysis, as a way of describing possible and plausible outcomes as we are faced with a “high degree of uncertainty” in terms of climate change, policy, “technological development”, and “evolving consumer and investor preferences”.[39]

In a September 29, 2020 six-minute virtual address to the UN General Assembly, Prime Minister Trudeau described how “[b]uilding back better” included supporting the most vulnerable, for example by ensuring “equitable access” to COVID-19 vaccine in developing countries, while also working towards reaching the UN’s Sustainable Development Goals for 2030.[40][15]

The media responded to accusations made by Conservative finance critic MP Pierre Poilievre that Trudeau, who had used the term “reset” in his September UN speech, was “harbouring a very ambitious hidden agenda — not just for Canada but for the world”, by saying that the WEF agenda is published on its website.[41][42] Erin O’Toole, who has been the Leader of the Opposition as leader of the Conservative Party of Canada since August 24, 2020, wrote in a November 21 tweet, “It’s hard to believe anyone would look at the carnage caused by COVID-19 and see an opportunity”. The message was that “Conservatives want to bring back economic certainty” while Liberals want to “reimagine the economy”, which O’Toole described as “a massive and risky experiment.”[43] The Post said that Poilievre had launched a petition that gathered 70,000 signatures within three days on November 20[44] in which he cautioned that the Liberals were secretly planning on “re-engineer[ing] economies and societies to empower the elites at the expense of the people” to remodel Canada to Trudeau’s alleged “socialist ideology”. Poilievre used phrases from Trudeau’s September speech[41] to imply that Trudeau’s statement that COVID-19 had “provided an opportunity for a reset” to “reimagine economic systems that actually address global challenges like extreme poverty inequality and climate change”, was evidence that Trudeau was part of the great reset conspiracy theory, that had been circulating for some time.[45][46][47]

United States
A January 23, 2021 Financial Times article said that policymakers around the world are anticipating President Biden’s “reset on trade, tax and climate.”[48] President-elect Joe Biden had announced in November 2020, John Kerry will be appointed as U.S. Special Presidential Envoy for Climate,[49] and Kerry was confirmed in this position on inauguration day, January 20, 2021. Kerry had participated in one of the Great Reset Dialogues on how to rebuild the “social contract” in a post-COVID world.[26][50] Kerry said that COVID-19 offered a “big moment” that opened the possibility for the Great Reset. He said the WEF would play a significant role in refining how to respond to climate change and inequalities that were “laid bare as a consequence of COVID-19.”[51] The Heartland Institute’s editorial director expressed concerns that President Joe Biden, elected in November 2020, would “bring the Great Reset to the United States” and that “the country [would] never be the same.”[51]”


4 posted on 03/13/2022 11:55:26 AM PDT by flaglady47 (Donald J.Trump, President in 2024 - DeSantis for VP (or Senior Advisor))
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To: delta7
It was not an independent country in itself until modern times.

This can be said of many countries in the Middle East and Africa that were formed in the 20th Century, including Israel. The author should define "modern times," because a great many countries around the world were only formed in the aftermath of WWI and WWII.

5 posted on 03/13/2022 12:01:47 PM PDT by Avalon Memories (Liberalism is a philosophy of sniveling brats. -- P.J. O’Rourke)
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To: delta7

Our country among others in the west gave Ukraine
assurances that if it gave up its Soviet Nukes
they would be protected.

We have failed to keep our word. Now we see
Biden telling Poland that they should send Migs
to Ukraine, and Biden has again misled allies.

How can Taiwan trust our word after the Afghanistan
debacle and our stabbing those who fought with us
in Afghanistan for many years left in peril.
We left our own Americans behind.

We need to proceed with surface to air defenses
and Migs to be delivered to Ukraine or we will
face losing any cred we have.

Todays Iranian missile attack is them reading
Biden’s weakness.


6 posted on 03/13/2022 1:12:32 PM PDT by Zenjitsuman (f)
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To: Zenjitsuman

We need to proceed with surface to air defenses
and Migs to be delivered to Ukraine or we will
face losing any cred we have…
————-
A world war is not worth “ saving face”, suggesting we do as you say WILL escalate, besides, Senile Joe has already lost all credibility with everyone on this planet, allies and enemies alike, Afghanistan, Taiwan, etc even India.
Don’t get sucked in, this is a new age we have entered. We simply can not win militarily against Russia and China. The financial war has begun, most likely ending in war. Do remember Russia and China signed a joint protection agreement a year or two back.
Both Ukraine and Russia have evil, corrupted leaders. Support neither.


7 posted on 03/13/2022 1:28:23 PM PDT by delta7
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To: delta7

He was convicted for cheating investors and spent 11 years in prison. Now he pretends to be a insider he never was and is not now. Pass.


8 posted on 03/13/2022 1:42:10 PM PDT by Widget Jr
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To: cherry

I’m doing ok in Fidelity’s Inflation Response mutual fund. But Vanguard funds are no good. Hidden fees and I have yet to find one that does well in this inflationary recession. Their energy fund is grossly under performing which is just not right. It’s probably all in green energy.


9 posted on 03/13/2022 1:47:33 PM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: delta7

Spending other people’s money (as our DC politicians are doing) is an addiction stronger than heroin addiction. I don’t know if over-spending was intentional. But with no requirement for balanced budgets and a printing press to print any amount of money is why we are on the way down. Will voters wake up in time? There may be a small window of time left. But it is extremely unlikely.


10 posted on 03/13/2022 5:30:50 PM PDT by entropy12 (Blockade of sovereign Cuba was fine, but invading Ukraine not acceptable to Neocons!)
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To: delta7; Zenjitsuman

Good to see delta7 sees right through the smokescreen.


11 posted on 03/13/2022 5:39:15 PM PDT by entropy12 (Blockade of sovereign Cuba was fine, but invading Ukraine not acceptable to Neocons!)
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To: Zenjitsuman

Any nation who trusted us after Saigon have no one but themselves to blame.


12 posted on 03/13/2022 5:43:24 PM PDT by Tijeras_Slim
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