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Protests in Europe Continue – Lockdowns & Curfews were a Tool of Hitler

In Germany, some police are still anti-human rights, using their authority to beat people up for protesting. When a revolution does come, such people will realize their power can easily evaporate.

Governments are following precisely the same strategy as Adolf Hitler. Hitler routinely enforced curfews on anyone who was not a Nazi. He enforced curfews on Jews and when he invaded Paris. Europe is embarking on the very same strategy. Europe’s tourist trade has collapsed. They are now allowing Americans to visit only if they are vaccinated. Once more, governments are engaging in discrimination. One must wonder if this vaccination is for political reasons. Some are now testing these vaccines to see if they result in sterilization to reduce the population, which is a key objective of Gates and Schwab. Why anyone would trust these two people when they have endorsed reducing the population to save the planet is just unimaginable.

Europe is under Control of World Economic Forum

I have received some emails from Europe saying there is no proof that Europe is being controlled by Klaus Schwab and his World Economic Forum. Here is the official “ROADMAP FOR THE IMPLEMENTATION OF ACTIONS BY THE EUROPEAN COMMISSION BASED ON THE COMMISSION COMMUNICATION AND THE COUNCIL RECOMMENDATION ON STRENGTHENING COOPERATION AGAINST VACCINE
PREVENTABLE DISEASES” which you can download here (2019-2022_EU roadmap for Vaccine Pasports !_en). Besides the fact that this began in 2019 BEFORE COVID, note that the language is very clearly states “stakeholder” which is Schwab’s entire thesis behind his Great Reset.

“Create a sustainable and multi-stakeholder platform for EU post-marketing surveillance studies monitoring the safety, effectiveness, and impact of vaccination”

This proposal from the EU is all about COVID Passports to reduce traveling which is really to prevent climate change. They are now proposing to turn c corporations into STAKEHOLDERS to enforce vaccines. Reliable sources are saying there are efforts to have corporations refuse to hire people without vaccines. Welcome to the new world order that is intent upon restricting movement all for climate change.
europe, wef, world economic forum, klaus schwab, covid passports, martin armstrong, armstrong economics, climate change, restrictions

Food Crisis of 2021 in Europe

We are staring in the face of a serious food crisis in Europe as food prices rise continuously, and with further draconian COVID measures within the EU, they are bringing the food supply chains to a standstill. Our models have been warned that this 8.6-year cyclical wave into 2024 will be one of commodity inflation due to SHORTAGES rather than speculative demand. All the indications that the world is heading for a serious food price crisis are in play. The Food Price Index (FFPI) of the Food and Agriculture Organization of the United Nations (FAO) averaged 107.5 points in December 2020, an increase of 2.3 points (2.2%) compared to November 2020, which represents an increase for the seventh consecutive month.

With the exception of sugar, all sub-indices of the FFPI recorded slight gains in December, with the sub-index for vegetable oil again rising the most, followed by that for dairy products, meat, and cereals. For 2020 as a whole, the FFPI averaged 97.9 points, a three-year high, 2.9 points (3.1%) higher than in 2019, but still well below its 2011 high of 131.9 points. It is also interesting that the FFPI in 2002 was still 53.1 points. It only increased significantly from the financial crisis of 2007/08, only to then level off in the 90-point range. Since May 2020 it has increased by 18%.

Our models project that the upward trend in the FFPI will intensify going into 2024. With the coronavirus mutating, as we warned ALL viruses do, as such, we have these various strains from Africa, Brazil, UK, and even California, are inspiring politicians to use this as an opportunity to restrict the population even further. These corona measures have extended to the food supply chains, disrupting them just as we see in electronics…

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armstrong economics, food, food crisis, europe, martin armstrong, food price inflation, food shortages, supply chains,

Is Europe Finished?

COMMENT: Well Marty, I guess you ever holding another WEC here in London will never happen. I feel like I am in prison.

GH

REPLY: Europe is totally in the hands of Klaus Schwab and his World Economic Forum which is pushing this new Global Marxist Takeover. I do not think I will ever see London again. These new laws of 10 years in prison for failing to reveal where you have been in Britain are just ruthless. Prime Minister Boris Johnson is imposing new border restrictions that could include systematic quarantine for all visitors from abroad and the use of localization and facial-recognition technology to check that people required to do so remain in isolation. I don’t think you will see American tourists watching the changing of the guard.

Meanwhile, in France, Macron is moving to impose a third lockdown with his communist medical experts and scientific government advisors demanding total lockdowns to further the total destruction of the European economy. Macron has called up 4,400 officers to enforce a 6 pm curfew in Paris amid compliance concerns.

Then Merkel in Germany said back in January that she was considering extending Germany’s lockdown until April in an effort to contain what she reportedly called the ‘British virus.’ Then on March 3rd, 2021, Germany extended its lockdown by three weeks until March 28th, yet claiming it would ease some restrictions to allow nonessential stores and other businesses to reopen in areas with relatively low infection rates.

Europe is finished. It is totally in the hands of the World Economic Forum. Forget tourism and all of this is being imposed deliberately to destroy the economy so they can BUILD BACK BETTER…

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‘It Looks Like Mars’ – Saharan Dust-pocalypse Blankets Europe

‘It Looks Like Mars’ – Saharan Dust-pocalypse Blankets Europe

A significant intrusion of Saharan-desert dust has blanketed parts of Europe this week, with tremendous impacts on the environment, health, and power generation, according to Bloomberg.

The sand and dust storm began on Feb. 5 in northern Algeria. Dust particles were whipped up into the atmosphere and eventually transported to southeast Spain and southern and central Europe. Already, snow-covered mountains on the Pyrenees and Alps mountains have been coated with dust, buildings and cars have been covered in dust, and the skies in some parts of Europe have been transformed into a yellowish-orange tint.

“We saw air quality values in the affected regions drop significantly,” said Mark Parrington, a scientist at the Copernicus Atmosphere Monitoring Service (CAMS). “The impact of the Saharan dust clouds is clearly visible for affected cities, such as, for example, Barcelona or Marseille.”

Scientists at CAMS estimated that several micrograms of dust particles per square meter were dumped over Europe since late last week.

“Our forecasts, even those from Feb. 2, were very reliable in describing the size and extent of the dust plume as well as its development and direction,” Parrington said. Utility companies that use Copernicus data had to alter power generation during the dust storm as solar energy was dramatically reduced. Even airlines had to fly different routes because of low visibility.

Pictures posted by The Guardian show the extent of dust that was dumped across Europe in the last couple of days.

Skiers at the Alpine resort of Anzere, Switzerland, were greeted with dust-covered snow over the weekend.

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Anti-Lockdown Protests All Across EuropeIncreasingly draconian lockdown measures, economic destitution, and sweeping police powers are evaporating public trust and eroding public patience.

Anti-Lockdown Protests All Across EuropeIncreasingly draconian lockdown measures, economic destitution, and sweeping police powers are evaporating public trust and eroding public patience.

As the alleged “second wave” of the Coronavirus “pandemic” is reported to be sweeping across Europe in recent weeks, many governments have enthusiastically embraced their totalitarian side and granted themselves sweeping new “emergency powers” alongside new lockdown measures.

The public has been markedly less co-operative this time around. Rebelling against the seemingly arbitrary limitations which are not supported by either science or common sense. Protests have taken place all across the continent.

GERMANY

Thousands of people gathered in Berlin over the last few days, protesting the Merkel government passing a new lockdown law. Police turned water cannons on the crowds, and nearly 200 people were arrested.

The mainstream reported “hundreds” of protesters, but as pictures plainly show it was more like tens of thousands:

 

SPAIN

After the Prime Minister of Spain Pedro Sanchez declared a sixth-month state of emergency in late October, there were days of protests across the country.

Barcelona, already a hot-bed of anti-government feeling due to the brutal repression of the Catalan Independence referendum, saw violent confrontations between riot police and protestors

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US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”

Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it leverage over Europe as well as Ukraine.

“From the US point of view, Nord Stream 2 endangers Europe because it makes it dependent on Russian gas and endangers Ukraine – which in my opinion worries many Germans,” Pompeo said weeks ago.

On Tuesday the State Department expanded US sanctions targeting companies working on the Russia to Germany gas pipeline. While sanctions already target the specific European companies and their executives directly at work on the project, they’ve now been extended to include sanctions even on firms upgrading, servicing, or installing equipment on the ships laying the pipeline.

Image via DW/DPA

Here’s the relevant section on the State Department’s updated NS2 sanctions webpage:

“Such activities subject to sanctions pursuant to PEESA (the Protecting Europe’s Energy Security Act of 2019) or other authorities may include, but are not limited to, providing services or facilities for upgrades or installation of equipment for those vessels, or funding for upgrades or installation of equipment for those vessels.”

There remain some exceptions, however, out of environmental concerns. The State Department says the sanctions “will not apply to persons providing provisions to a relevant vessel if such provisions are intended for the safety and care of the crew aboard the vessel, the protection of human life aboard the vessel, or the maintenance of the vessel to avoid any environmental or other significant damage.”

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U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft

U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft

Rosneft is looking to double down on hydrocarbons and extract up to 5 billion tons of light-quality oil in the Arctic.Alexander Rumin / TASS

U.S. and European oil majors’ commitment to moving away from fossil fuels toward renewable energy threatens oil supplies and prices, Russia’s state-run oil giant Rosneft has said, according to the Financial Times.

BP, Chevron, Eni, Equinor, ExxonMobil, Repsol, Shell and Total have to varying degrees laid out strategies they say are compatible with the Paris climate treaty. They have announced measures over the past year that include reducing the carbon intensity of their products, transitioning into renewable energy, storing “captured” CO2 underground and offsetting emissions through reforestation.

Rosneft criticized these moves in a sign of what the FT described as “a growing divide” between state-backed oil companies and the energy companies that helped shape today’s oil industry.

“It is an existential threat for supply. It is an existential threat for price volatility,” it quoted Rosneft first vice president Didier Casimiro as saying at the newspaper’s commodities summit.

“We will have a [supply] crunch, price volatility and, yes, higher prices,” Casimiro said.

The oil majors’ move away from their core business, he added, means other players “will need to step in” and “take that responsibility.”

Meanwhile, Rosneft is looking to double down on hydrocarbons and extract up to 5 billion tons of light-quality oil in the Arctic through its Vostok Oil project. Rosneft CEO Igor Sechin has described the project as the biggest in the history of the modern global oil industry.

The U.S. Treasury earlier this year sanctioned Casimiro and Rosneft’s Geneva-based trading arm, where he is chairman of the board and president, for allegedly propping up Venezuela’s oil sector.

Gazprom Blasts $7.6BN Polish Antitrust Fine On NS2 Pipeline As Move To Kill It “By All Means”

Polish authorities have fined Russia’s Gazprom a whopping and unprecedented $7.6 billion (or 6.5 billion euros) for constructing the controversial Nord Stream 2 pipeline to Germany.

While Poland anti-trust authorities have claimed Nord Stream 2 is fundamentally a politically motivated attempt to punish Polish consumers while increasing European dependence on on Russian imports, Germany has stood by the project even amid the Navalny poisoning affair which has strained its relations with Russia over the past month.

Poland’s Office of Competition and Consumer Protection decision seeks to legally force the six companies jointly building and financing the project to cancel their contracts, despite the gas pipeline being in its final phase of development. This includes European investors OMV, Wintershall, Engie, Shell and Uniper.

NS2 pipeline construction in the Baltic, file image.

“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier – Gazprom,” the Polish antitrust office said.

It charged that if allowed to go live it will result in “serious consequences for Poland’s and the EU’s economy,” by restricting the range of supplies while inevitably increasing gas prices for consumers.

But no doubt defenders of NS2 also see this as part of Washington’s broader war on the project, which has included past sanctions on executive heads of European companies involved, given recent deepening US military ties to Poland.

State-owned Gazprom, meanwhile has denounced the “unprecendented fine” as unlawful and unjustified. The fine’s “unprecedented amount evidences the decision to oppose implementation of the Nord Stream 2 project by all means,” the statement said, according to TASS.

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Rising Civil Unrest in Europe – Will it Lead to Revolution

What’s to Be Done Now with All These Zombie Companies?

What’s to Be Done Now with All These Zombie Companies?

Saving the Zombies in Europe.

Europe’s zombie firms are multiplying like never before. In Germany, one of the few European economies that has weathered the virus crisis reasonably well, an estimated 550,000 firms — roughly one-sixth of the total — could already be classified as “zombies”, according to research by the credit agency Creditreform. It’s a similar story in Switzerland.

Zombie firms are over-leveraged, high-risk companies with a business model that is not remotely self-sustaining, since they need to constantly raise fresh money from new creditors to pay off existing creditors. According to the Bank for International Settlements’ definition, they are unable to cover debt servicing costs with their EBIT (earnings before interest and taxes) over an extended period.

The number of zombie companies has been rising across Europe and the Anglosphere — due to of two main factors:

  • Central banks’ easy money forever policies, which brought interest rates down to such low levels that even firms with a reasonable chance of default have been able to continue issuing debt at serviceable rates. Many large zombie firms have also been bailed out, in some cases more than once. Spanish green energy giant Abengoa has been bailed out three times in five years.
  • The tendency of poorly capitalized banks to continually roll over or restructure bad loans. This is particularly prevalent in parts of the Eurozone where banks are especially weak, such as Italy.

A Bank of America report from July posits that the UK accounts for a staggering one third of all zombie companies in Europe. They represent 20% of all companies in the U.K, up four percentage points since March, according to a new paper by the conservative think tank Onward. In the two hardest-hit sectors — accommodation and food services, and arts, entertainment and recreation — the proportion of zombie firms has soared by 9 and 11 percentage points respectively, to 23% and 26%.

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Cheap Mediterranean Natural Gas Could Spell the End for the NATO Alliance

Turkey NATO Natural Gas Feature photo

Cheap Mediterranean Natural Gas Could Spell the End for the NATO Alliance

It’s a strange and unprecedented spectacle when countries like Israel, Greece, Egypt, Libya, Turkey, and others lay claims over the Mediterranean, while NATO scrambles to stave off an outright war, among its own members.

How Poor Leadership can Create Collapse or Make It Faster: Lessons from European History

How Poor Leadership can Create Collapse or Make It Faster: Lessons from European History

The damage that a bad leader can generate is simply fearsome, especially if that leader has a lot of power and he is nearly impossible to remove from his position. If then that leader controls a large military apparatus, even including nuclear weapons, then the disasters that can happen are beyond the imaginable. If you, like me, doubt the competence of our current leaders, there is plenty to be worried about.

The problem seems to be that our system of choosing leaders guarantees to propel to the top all sorts of power-mongering psychopaths. And as the power we manage increases, going from nuclear weapons to the control of the Web, the chances for truly disastrous damage created by an incompetent leader also increase.

Maybe there should be a science of incompetent leaders that might be a branch of the more general “science of evil.” In this post, I propose a brief exploration of this field that starts with the idea that the past is the way to understand the future. So I repropose a theme that I had already examined: that of Louis Napoleon (Napoleon III) (1808-1873) one of the best examples we have of an incompetent leader who ruined the state he was leading. At that time, fortunately, there were no nuclear weapons available and Luis Napoleon himself was not so aggressive and bloodthirsty as other famously bad leaders. Nevertheless, the damage he generated was considerable and we can learn something from his story.

Napoleon 3rd: how to destroy an empire in the making.  

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The anatomy of a financial crisis

In this blog, we present the anatomy of a financial crisis. A characteristic feature of a banking crisis is that it tends to follow, more-or-less, the same path regardless of the ‘shock’ or ‘trigger’ that initiates it.

The next phase of the crisis is likely to be a global financial crisis, as we have been anticipating for quite some time (see, e.g., Q-Review 4/2017). However, few understand what a financial crisis is, though it is probably among the most feared economic phenomena of mankind.

So, let’s dive in.

The initiation

If a banking system is sound and robust, it can usually withstand financial and economic shocks.

But a banking system may be fragile. Usually this is due to high leverage levels, where banks have either lent aggressively or carry risky financial investments on their balance sheets—usually both. Banks can also have a weak financial position, with chronically low profitability and insufficient reserves. As we have explained earlier, this is exactly the state the European banking sector finds itself in.

The onset of a financial crisis requires a trigger. The most common is a recession or the expectation of recession among consumers and investors.

Recession leads to diminished income and defaults by both corporations and households. This increases the share of non-performing loans in bank loan portfolios, reducing the value of loan collateral and increasing bank risks and capital needs. As write-downs and losses increase, mistrust among other banks and depositors and investors does as well. The bank’s share price will usually start to reflect this.

A ‘bank run’

If suspicion spreads, banks will be apprehensive about counterparty risk and will be unwilling to lend to one another even on an overnight basis.  If allowed to continue, this will have a calamitous impact on liquidity in money markets.

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Europeans Are Waking Up to Government Covid Tyranny. Why Are We Still Asleep?

Europeans Are Waking Up to Government Covid Tyranny. Why Are We Still Asleep?

Tens of thousands of Germans marched through Berlin on Saturday, proclaiming a “Day of Freedom” and demanding an end to government-mandated face masks and “social distancing.” The UK and Netherlands also saw large protests against their governments’ tyrannical actions in response to the coronavirus outbreak.

According to media accounts, the Berlin protesters held signs reading “We are being forced to wear a muzzle,” “Natural defense instead of vaccination,” and “We are making noise because you are stealing our freedom!”

Good for them!

The New York Times Tweeted that the masses of Berlin demonstrators were all “Nazis” and “conspiracy theorists.” Does the “paper of record” really want us to believe there were perhaps a million Nazis active in the streets of Berlin? Wouldn’t that be alarming?

The fact is, Europeans are realizing that their government-mandated lockdowns did little or nothing to protect them from the virus, while causing economic catastrophe and untold human suffering.

They likely looked around and noticed that Sweden, which never locked down its economy, rejected face masks, and kept its restaurants and other places of business open, did not fare any worse than the countries that have been turned into open air prisons for much of the year. In fact, Sweden had a lower death rate from the virus than strict lockdown states like the UK and France. No wonder people are starting to get angry.

Unfortunately, while the Europeans are waking up, Americans are still asleep as our freedoms continue to be trampled. While Europeans demand an end to government tyranny, here we see states with minuscule new deaths returning to lockdown. It is as if all the wannabe tyrants from mayors to governors are finally realizing their secret dreams of ruling by decree. Their dreams are our nightmares!

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Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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