ARMSTRONG: NATO is telling every [European] leader they can conquer Russia without nukes and without the United States.

Secretary of State Marco Rubio and National Security Adviser Mike Waltz informed Zelensky that Trump and Vice President JD Vance no longer wished to continue the meeting. They kicked Zelensky out of the White House, and rightly so.  --Martin Armstrong

Thank you to Martin Armstrong @ Armstrong Economics for his piece, "The End of U.S./European Relations," February 28, 2025.

Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, is one of the bloodthirsty politicians who hates Russians and cares nothing about her people, just like Zelensky, for she too does not want peace. But worse still, this is all wrapped up in the LEFT, fearing they are losing power with their crazy WOKE agenda moving ever closer to, "You will own nothing and be happy. "  All the EU governments are LEFTIST, and all have generated Trump even when he was running for president. They oppose everything he does and have their agenda, from climate change to raping Russia.

The EU has shown nothing but contempt for any democratic process. Kaja Kallas did not stand for election for this position. Not a single EU commissioner stands for any election. History warns that when you prevent the people from changing leaders, that is a dictatorship, and the solution then becomes revolution. The audacity to say that if the German people voted for AfD, they would simply nullify the election as they did in Romania demonstrates that we are walking down a very narrow path. Our computer warns that the EU will indeed not exist post-2030.

One nuke and her country of Estonia is gone. Nuclear weapons were supposed to be a deterrent to war. Today, nuclear weapons are no longer a threat. They think that they can invade Russia, and Putin will not push the button, fall to his knees, and surrender to be hanged as they plunder Russia. Putin was wrong. The NeoNazis are not just in Ukraine. They have taken over Europe to its destruction as they did before.

NATO is telling every leader they can conquer Russia without nukes and without the United States. This is the backdrop to what Trump said about the EU,

Let’s be honest, the European Union was formed in order to screw the United States. That’s the purpose of it, and they’ve done a good job of it. 

Trump will now most likely impose 25% tariffs on the entire EU. We are finishing a report on the European  Economy, and it does NOT look very good.

The Neocon Coup of Europe, Martin Armstrong, February 2025.

The European [Union] Community was funded secretly by the CIA. The declassified documents now clearly show this is NOT some conspiracy theory. This was another Neocon venture squandering American taxpayer money without Congressional understanding, no less approval. I have detailed this in this special report.

After today’s folly, where Zelensky thought he could get on US TV and turn America against Trump to send American money and “sons and daughters” to die for Ukraine, he had another thing coming. He has no intention of seeking peace, for he now assumes he has endless backing from Europe, so the money will keep flowing.

Secretary of State Marco Rubio and National Security Adviser Mike Waltz informed Zelensky that Trump and Vice President JD Vance no longer wished to continue the meeting. They kicked Zelensky out of the White House, and rightly so. President Trump made a statement. Following the meeting, Trump said Zelensky is NOT yet ready for peace with Russia. Indeed, Europe is ready to send its boys to die for Zelensky. Trump said on Truth Social:

I have determined that President Zelenskyy is not ready for Peace if America is involved because he feels our involvement gives him a big advantage in negotiations.

I don’t want advantage; I want PEACE. He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for Peace.

Trump will most likely retaliate with a 25% tariff on the EU, including Britain, which is now eager to rejoin the EU as they have plans to conquer Russia and carve up the $75 trillion in natural resources. I have even heard some say that when they do this, Europe will be the dominant power, and the US will be sidelined to be a subservient colony, as they should have been. I do not know what these leaders are smoking, but it is clearly causing Hallucinations of past glory. Perhaps the dream of Ergodan resurrecting the Ottoman Empire and Isreal for the Greater State has also infected the EU. Everyone is on the delusional kick of reestablishing old empires.

This is the backdrop to what is going on. To our European readers, you better get off your ass and demand an end to this war. The Neocon’s playbook is rule #1: prevent all communications with your opponent to prevent peace negotiations. This is what they had Biden do. Europe is doing this, so Zelenskyy has also refused to negotiate peace.

In Quest of Peace, Ronald Reagan and Mikhail S. Gorbachev, 1990.

I was in DC and can tell you that when Gorbachev indicated change was coming, Reagan wanted to talk. They told Reagan that you can never trust a Russian. They tried to prevent him from even talking to Gorbachev. This is their #1 Rule, and Europe is following this rule, and that ensures war even as soon as May.

from Tom Luongo's Market Report for August 7, 2024.  

Tom's remarks about Mark Walz, Kamala Harris' new VP pick, were extremely interesting. 

33:36. And as Alexander Mercouris pointed out ages ago, he said "But then that effect of this has been to hold everything in this band and hold everything and Innovation behind the curve technology then the lack of competitive then the lack of competitiveness of German industry is exposed badly, especially with the rise of China.  So now Germany is ultimately the target.  Now you can kill the ECB, and you can kill the EU.  If you were a bunch of predatory Fed and New York and Tokyo bankers and you like more open Capital markets than the Europeans do, well then you're going to not argue; you're not going to be down there.  That's why they hate Trump who put Powell in place and they replaced Libor with Sofr.  This is the story I've been telling for 3 years.

from Luongo's Gold, Goats, and Guns:

What is SOFR? The Secured Overnight Funding Rate. It is the U.S. domestic replacement for LIBOR. SOFR is market-driven and arrived at through actual transactions in the U.S. money markets with the daily quote arrived at by real data from real US banks.

LIBOR, on the other hand, is a rate set by 17 foreign banks and 1 U.S. bank (JP Morgan Chase’s London Division). It’s still not market-driven but arrived at by consensus. Regardless of that, it represents the activity within London’s and Europe’s banking system, not the U.S.’s.

Ad therein lies the rub.

For all intents and purposes for decades, LIBOR was the mechanism by which the City of London and Europe controlled the flow of dollars into and out of their banking system. No wonder the Fed had no real control.

Broadly speaking, when the Fed raises rates and it causes a drain on the eurodollar system, it puts upward pressure on LIBOR. If Europe’s banks are more exposed to a rise in the cost of dollars then LIBOR should blow out faster than the Fed raises rates.

In past cycles, before SOFR, all US debt was indexed to LIBOR. So, it didn’t matter if the Fed raised rates domestically, our mortgages, lease rates, and credit lines blew out with LIBOR even if there was no underlying stress in these domestic markets.