GOV/MIL Main "Great Reset" Thread

marsh

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Central Bankers Galore: Watch Powell, Lagarde, And Bailey Live From ECB Forum

WEDNESDAY, JUN 29, 2022 - 06:11 AM

Today's main event, the ECB Forum panel featuring Fed Chair Powell, ECB President Lagarde, BoE Governor Bailey as well as BIS head Agustin Carstens, has started in Sintra Portugal.

As Academy Securites' strategist Peter Tchir writes, he will be looking closely at Powell "to see whether he reverts to super hawk, or lets his nervousness on the economy and dovishness out?

Given the political rhetoric seemed to change last week, and he was front in center, I am taking his comments as far more seriously than any other Fed Speakers (for now)."

Ahead of the meeting, the Fed's Loretta Mester weighed in, telling CNBC she'd advocate for a 75-basis point hike in July.

Watch it live below.
View: https://youtu.be/xgmLC63Yv-U
1:50:39 min
 

marsh

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Rep. Clay Higgins (R-La.) speaks during a House Committee on Oversight and Reform hearing on gun violence on Capitol Hill in Washington on June 8, 2022. (Andrew Harnik/Pool/AFP via Getty Images)

IMMIGRATION & BORDER SECURITY
Known and Suspected Terrorists Entering US in Unprecedented Numbers: Rep. Higgins

By Katabella Roberts
June 27, 2022 Updated: June 27, 202

Known and suspected terrorists are entering the United States in unprecedented numbers amid a surge in illegal immigration, according to Rep. Clay Higgins (R-La.).

In an interview with NTD, sister media outlet of The Epoch Times, the Louisiana representative said the Biden administration was providing “absurd” figures on the actual number of known and suspected terrorists entering America through its borders.

Higgins, a decorated law enforcement officer, said he believed the number to be much higher, in part owing to the number of suspected terrorists who have aggressively avoided interaction with law enforcement at the border, referred to as “got-aways.”

Higgins’s comments come after Border Patrol agents captured 50 people who were on the FBI’s terror watchlist from October 2021 to May 2022.

That figure was just 15 in the fiscal year 2021, which included several months under former President Donald Trump’s administration.

“Toward the end of last year [2021], I had estimated that we had lost about 250 KSTs, known and suspected terrorists, so the total numbers now that we’re told could serve about 700,000 ‘got-aways’ are suspected to have crossed into America. I think that’s a low number,” Higgins said.

“From my perspective, with data delivered to me by boots on the ground, from the border and from Central America and Mexico, and from the official numbers that are delivered to Congress from official data collection processes with Customs and Border Patrol, I think it’s reasonable for Americans to sort of step back and say, ‘My God, we have somewhere between 500 and 1,000 known and suspected terrorists [who] have entered into our country across our southern border since President [Joe] Biden has been inaugurated into office.’ This should startle every American citizen regardless of political affiliation.”

‘Conservative Numbers’
Explaining why he believes the actual number of suspected terrorists in the United States could be higher, Higgins pointed to Biden’s administration, which he said is using “conservative numbers” when it comes to estimating how many there are.

The lawmaker added that this is, in part, due to the “got-aways” being very difficult to catch because they aggressively run and hide from law enforcement.

Things have been made even harder, according to Higgins, because much of law enforcement at the border has been pulled away from their primary mission of securing the border to instead processing illegal aliens, giving the “got-aways” more opportunity to escape.

“So the men who are aggressively evading law enforcement, we’re looking at true numbers of probably a million, but we’ve been told 700,000,” Higgins said. “So just using a number of 700,000, and estimating that a very small percentage of that number would be a known or suspected terrorist, which fits the historical data, you could look at 700 known and suspected terrorists who have crossed into our country.

“It’s a startling number. It should frighten us all. It should drive us to greater action to confront the Biden administration’s failed border policies to insist upon the resignation of [Department of Homeland Security] Secretary [Alejandro] Mayorkas and to promise the American people that if Mayorkas doesn’t resign, he’s going to be impeached.”

Higgins added that huge numbers of those individuals who are evading law enforcement at the border are working for Mexican drugs cartels, and pointed to the rising number of fentanyl deaths in America.

Fentanyl Deaths
According to data from the nonprofit group Families Against Fentanyl published earlier this year, fatalities from the powerful synthetic opioid have more than doubled in 30 states in just two years. In 15 states, they have tripled.

The drug is now the No. 1 cause of death for Americans aged 18 to 45, according to Families Against Fentanyl.

The Drug Enforcement Administration earlier this year said that traffickers are putting fentanyl in fake prescription pills such as OxyContin and Percocet—drugs that are also widely utilized among drug addicts—in order to make them more addictive and drive up repeat sales.

Speaking of the “got-aways” who have evaded law enforcement at the border, Higgins said: “They’ve crept into the dark recesses of criminal networks across the country, and we don’t know who they are. We don’t know where they are. We don’t know what they’re up to.”

“But they didn’t cross the world as a known or suspected terrorist, plugged into terrorist networks to cross into our country—a difficult and challenging journey—just for chuckles. They didn’t come here just for sightseeing.”

“They’re up to no good. We don’t know what that is. But it’s a serious problem. And it has specifically been caused and allowed by the Biden administration policies. And Secretary Mayorkas. We intend to hold them both to account.”

Katabella Roberts
Katabella Roberts
 

marsh

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India's Largest Cement Maker "Circumventing The Dollar" In Russian-Coal-For-Yuan Deal

WEDNESDAY, JUN 29, 2022 - 04:20 PM
The Russian economy is currently experiencing unprecedented pressure from a group of countries led by the United States, with more than 10,000 sanctions imposed on the country, its citizens, and companies.

Despite all the amplification of sanctions threats by the media, and vilification of anything Russian by western leaders, many of the world's largest nations (by population and economy), are continuing to adjust to current conditions, ignoring the virtue-signaling, and sending Russia's currency and current account balance soaring.

But, in yet another example of the far-less-unified-than-Biden-claims new world order, it appears Indian industrialists have no problem dealing with Putin for their key materials.



The latest example comes from India as Reuters reports that UltraTech Cement - India's biggest cement producer - is importing a cargo of Russian coal and paying for it using Chinese Yuan.

UltraTech is bringing in 157,000 tonnes of coal from Russian producer SUEK that loaded on the bulk carrier MV Mangas from the Russian Far East port of Vanino, the document showed. It cites an invoice dated June 5 that values the cargo at 172,652,900 yuan ($25.81 million).

The increasing use of the yuan to settle payments could help insulate Moscow from the effects of western sanctions imposed on Russia over its invasion of Ukraine and bolster Beijing's push to further internationalise the currency and chip away at the dominance of the U.S. dollar in global trade.
"This move is significant. I have never heard any Indian entity paying in yuan for international trade in the last 25 years of my career. This is basically circumventing the USD (U.S. dollar)," a Singapore-based currency trader said.
India has explored setting up a rupee payment mechanism for trade with Russia, but that has not materialized. Chinese businesses have used the yuan in trade settlements with Russia for years.
"If the rupee-yuan-rouble route turns out to be favourable, the businesses have every reason and incentive to switch over. This is likely to happen more," said Subash Chandra Garg, a former economic affairs secretary at India's finance ministry.
An Indian government official familiar with the matter said the government was aware of payments in yuan.
"The use of the yuan to settle payments for imports from countries other than China was rare until now, and could increase due to sanctions on Russia," the official said.
Finally, we are reminded of what First Deputy Managing Director Gita Gopinath of the International Monetary Fund (IMF) told The Financial Times earlier in the year: that the recent financial sanctions imposed on Russia for its invasion of Ukraine are threatening to weaken the dominance of the U.S. Dollar as the world currency,

Russia had been planning for years to reduce its dependence on the petrodollar since the United States imposed sanctions in retaliation for its annexation of Crimea in 2014.

The current crisis in Ukraine has only accelerated those plans... and it now seems the entire BRICS group may be ready to cross the chasm as Bretton Woods III begins to form.

The implications, needless to say, are staggering (and, worse, while Zoltan Poszar does not explicitly state it, he clearly believes that world war is coming):
Empires fall and rise. Currencies fall and rise. Wars have winners and losers.
When Wellington beat Napoleon, the trade was to buy gilts. I am no expert on geopolitics, but I am an interest rate strategist and I think the level of inflation and interest rates and the size of the Fed’s balance sheet will depend on the steady state that emerges after this conflict is over. Three is a magic number:

The four prices of money are managed via Basel III and central banks as DoLR.
The four pillars of commodity trading are shaped by war, hopefully not WWIII.
The new world order will bring a new monetary system – Bretton Woods III.
A BRICS-based payment system would be the ultimate challenge to the dollar-hegemon-based system in place today.

At a BRICS summit earlier this month, Russian President Vladimir Putin said that the bloc, consisting of Brazil, Russia, India, China, and South Africa, is currently working on setting up a new global reserve currency that would be based on the currency basket of the five nations.

Earlier, the bloc said it was working on establishing a joint payment network to abate the reliance on the Western financial system.



Even if this is nothing but talk, it underscores the fact that the dollar is on shaky ground. US policymakers would be wise to consider future dollar weaponization carefully.
 

marsh

On TB every waking moment

Port Of Houston Marks All-Time Container Volume Record

WEDNESDAY, JUN 29, 2022 - 06:40 PM
By Noi Mahoney of American Shipper

Gulf Coast ports got a boost in May from strong container volumes, as well as imports of steel and plywood and exports of crude oil and petroleum products.



Port of Houston reaches all-time TEU record in May
Port of Houston hit an all-time record for monthly container volumes in May, handling 335,000 twenty-foot equivalent units, a 16% increase over the same period last year.

“Container activity continues to be at record levels. It seems like we’re talking about new records at the port every day,” Roger Guenther, Port Houston’s executive director, said during the port’s monthly meeting Tuesday. “There’s really no signs of [volume] backing off of the imports or exports and actually the exports are beginning to rebound a little bit.”

Total import tonnage was 2.8 million tons in May, a 32% year-over-year increase. Total export tonnage was 2.1 million tons, a 2% year-over-year decrease.



Imports of steel increased 72% year over year in May to 401,587 tons. Imports of general cargo increased 83% to 840,351 tons.

Port Houston has been handling about 13,000 daily interchanges combined at its Barbours Cut and Bayport container terminals but a single-day record of 14,000 on June 23, said Jeff Davis, Port Houston’s chief operations officer.

Davis said the port was working 26 ships Tuesday. “We have seen pretty much the same on a daily basis, but it has not been without challenges,” Davis said.

Port Houston expanded its hours at the Bayport and Barbours Cut container terminals at the beginning of June to include Saturdays. The new gate hours were put in place to help optimize the flow of cargo through the terminals.

Davis said Saturday volumes have been a little “disappointing” so far but hopes more trucking operators will begin to utilize the extra workday.

“We’ve seen a couple of 1,000 transactions on Saturdays. We’re seeking about half of a normal day of the week. We’d love to see 6,000 transactions at a minimum on Saturday,” Davis said.

Imports of steel increased 171% year over year in May to 646,548 tons. Imports of general cargo increased 4% to 601,543 tons.

Port Houston recorded 713 total ship calls in May, a 5% increase from the same period last year.

Nashville, Tennessee-based Ceres Terminals Inc. also recently announced the opening of a 75-acre container yard directly adjacent to the Barbours Cut Terminal.

The new yard will provide container services, servicing steamship line partners, beneficial cargo owners and the trucking community. The yard will also provide services for final-leg deliveries to meet cutoffs, according to a press release.

“This yard will provide our customers with much-needed near-dock capacity as well as supply chain efficiencies which we hope will relieve some of the stress on the container terminal,” Adam Brooks, COO of Ceres Terminals, said in a statement.

Port NOLA sees 88% increase in breakbulk but container volume declines
For the third consecutive month, the Port of New Orleans (Port NOLA) saw a large increase in breakbulk cargo but a decline in container volumes.

The port recorded an 88% year-over-year increase in breakbulk tons in May to 262,728 tons.
In recent months, Port NOLA’s monthly volumes have been boosted by shipments of coffee and plywood.

Port NOLA’s container volume declined 30% year over year in May to 35,535 TEUs. Like many ports across the country, Port NOLA said it has been hampered in recent months by a shortage of cargo containers.

The port handled 12,621 Class I railcar switches in May, a 9% year-over-year increase. The port handles switching operations for the six Class I railroads that operate in New Orleans: BNSF Railway, CN, CSX, Kansas City Southern, Norfolk Southern and Union Pacific.

Port of Corpus Christi sees growth in petroleum, crude oil
The Port of Corpus Christi in South Texas moved 15.2 million tons of cargo in May, a 9% year-over-year increase from the same month in 2021.

Total shipments of crude oil totaled 8.7 million tons, of which 8 million tons were exports, during May. Exports of crude oil saw an 8% increase from the same month last year.

The port also handled 5.3 million tons of petroleum during May, a 18% increase compared to the same year-ago period. Exports of petroleum for the month topped 4.2 million tons, a 20% increase from the same period last year.

The Port of Corpus Christi had 635 ship calls in May, including 374 liquid cargo barges and 180 liquid cargo ships. It was a 10% year-over-year increase in total ship calls compared to May 2021.
 

marsh

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Biden Refers to 'People Who Are Seeking to Enter the United States Between Ports of Entry' (aka illegal aliens)

By Susan Jones | June 29, 2022 | 5:22am EDT

President Joe Biden attends the NATO summit in Madrid on June 29, 2022. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

President Joe Biden attends the NATO summit in Madrid on June 29, 2022. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

(CNSNews.com) - The Biden administration insists that the porous southwest border is "closed."

His spokeswoman Karine Jean-Pierre said it on Tuesday: "But the fact of the matter is, the border is closed..." she told reporters accompanying the president to the NATO summit in Madrid.

However, in a statement on the recent heatstroke deaths of 51 foreigners smuggled into the United States, the President did not use the term illegal alien, now frowned upon by immigration advocates. He did not even say "undocumented migrants."

Instead, Biden referred to the hundreds of thousands of illegal border-crossers as "people who are seeking to enter the United States between ports of entry," a crisis situation that he has ignored.

The statement also bashed Republicans who have sounded alarms about the border situation for months: "Exploiting vulnerable individuals for profit is shameful, as is political grandstanding around tragedy," the statement said, describing criticism of Biden's relaxed border policies as "grandstanding."

Here is his statement, which someone in the White House wrote for him:
"The tragic loss of life in San Antonio, Texas that took place yesterday is horrifying and heartbreaking. Our prayers are with those who lost their lives, their loved ones, as well as those still fighting for their lives. As always, I am grateful for the swift work of all of the Federal, state, and local first responders.
"While we are still learning all the facts about what happened and the Department of Homeland Security has the lead for the investigation, initial reports are that this tragedy was caused by smugglers or human traffickers who have no regard for the lives they endanger and exploit to make a profit.
"This incident underscores the need to go after the multi-billion-dollar criminal smuggling industry preying on migrants and leading to far too many innocent deaths. In Los Angeles two weeks ago, I announced that the United States has launched a first-of-its kind anti-smuggling campaign with our regional partners. In the first three months, we have made over 2,400 arrests, and that work will only intensify in the months ahead.
"Exploiting vulnerable individuals for profit is shameful, as is political grandstanding around tragedy, and my Administration will continue to do everything possible to stop human smugglers and traffickers from taking advantage of people who are seeking to enter the United States between ports of entry."
Karine Jean-Pierre told reporters on Tuesday:
"We’re focused on continuing our historic actions to disrupt dangerous smuggling networks, including through a new anti-smuggling campaign that just in the first two months resulted in over 1,800 arrests. But the fact of the matter is, the border is closed, which is in part why you see people trying to make this dangerous journey using smuggling networks.
"Again, our hearts go out to the families at this time. We are going to stay focused on the facts and making sure that we hold these smugglers accountable. That’s going to be our focus."
Meanwhile, record numbers of foreigners are coming into this country: According to U.S. Customs and Border Patrol Statistics, 1,526,899 illegal aliens have been encountered at the southwest border so far in Fiscal Year 2022, and that doesn't include the number of "got-aways."

The chart below shows how illegal immigration increased after Joe Biden took office in January 2021.

(CBP chart)

(CBP chart)
 

marsh

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Declare Your Independence from Tyranny, America

By John W. Whitehead & Nisha Whitehead
June 28, 2022
John Whitehead

Imagine living in a country where armed soldiers crash through doors to arrest and imprison citizens merely for criticizing government officials.

Imagine that in this very same country, you’re watched all the time, and if you look even a little bit suspicious, the police stop and frisk you or pull you over to search you on the off chance you’re doing something illegal.

Keep in mind that if you have a firearm of any kind (or anything that resembled a firearm) while in this country, it may get you arrested and, in some circumstances, shot by police.

If you’re thinking this sounds like America today, you wouldn’t be far wrong.

However, the scenario described above took place more than 200 years ago, when American colonists suffered under Great Britain’s version of an early police state. It was only when the colonists finally got fed up with being silenced, censored, searched, frisked, threatened, and arrested that they finally revolted against the tyrant’s fetters.

No document better states their grievances than the Declaration of Independence, drafted by Thomas Jefferson.

A document seething with outrage over a government which had betrayed its citizens, the Declaration of Independence was signed on July 4, 1776, by 56 men who laid everything on the line, pledged it all—“our Lives, our Fortunes, and our sacred Honor”—because they believed in a radical idea: that all people are created to be free.

Labeled traitors, these men were charged with treason, a crime punishable by death. For some, their acts of rebellion would cost them their homes and their fortunes. For others, it would be the ultimate price—their lives.

Yet even knowing the heavy price they might have to pay, these men dared to speak up when silence could not be tolerated. Even after they had won their independence from Great Britain, these new Americans worked to ensure that the rights they had risked their lives to secure would remain secure for future generations.

The result: our Bill of Rights, the first ten amendments to the Constitution.

Imagine the shock and outrage these 56 men would feel were they to discover that 246 years later, the government they had risked their lives to create has been transformed into a militaristic police state in which exercising one’s freedoms—at a minimum, merely questioning a government agent—is often viewed as a flagrant act of defiance.

In fact, had the Declaration of Independence been written today, it would have rendered its signers extremists or terrorists, resulting in them being placed on a government watch list, targeted for surveillance of their activities and correspondence, and potentially arrested, held indefinitely, stripped of their rights and labeled enemy combatants.

Read the Declaration of Independence again, and ask yourself if the list of complaints tallied by Jefferson don’t bear a startling resemblance to the abuses “we the people” are suffering at the hands of the American police state.

Here’s what the Declaration of Independence might look and sound like if it were written in the modern vernacular:
There comes a time when a populace must stand united and say “enough is enough” to the government’s abuses, even if it means getting rid of the political parties in power.

Believing that “we the people” have a natural and divine right to direct our own lives, here are truths about the power of the people and how we arrived at the decision to sever our ties to the government:
  • All people are created equal
  • All people possess certain innate rights that no government or agency or individual can take away from them. Among these are the right to Life, Liberty and the pursuit of Happiness.
  • The government’s job is to protect the people’s innate rights to Life, Liberty and the pursuit of Happiness. The government’s power comes from the will of the people.
  • Whenever any government abuses its power, it is the right of the people to alter or abolish that government and replace it with a new government that will respect and protect the rights of the people.
  • It is not wise to get rid of a government for minor transgressions. In fact, as history has shown, people resist change and are inclined to suffer all manner of abuses to which they have become accustomed.
  • However, when the people have been subjected to repeated abuses and power grabs, carried out with the purpose of establishing a tyrannical government, people have a right and duty to do away with that tyrannical government and to replace it with a new government that will protect and preserve their innate rights for their future wellbeing.
  • This is exactly the state of affairs we are under suffering under right now, which is why it is necessary that we change this imperial system of government.
  • The history of the present Imperial Government is a history of repeated abuses and power grabs, carried out with the intention of establishing absolute tyranny over the country.
  • To prove this, consider the following:
  • The government has, through its own negligence and arrogance, refused to adopt urgent and necessary laws for the good of the people.
  • The government has threatened to hold up critical laws unless the people agree to relinquish their right to be fully represented in the Legislature.
  • In order to expand its power and bring about compliance with its dictates, the government has made it nearly impossible for the people to make their views and needs heard by their representatives.
  • The government has repeatedly suppressed protests arising in response to its actions.
  • The government has obstructed justice by refusing to appoint judges who respect the Constitution and has instead made the courts march in lockstep with the government’s dictates.
  • The government has allowed its agents to harass the people, steal from them, jail them and even execute them.
  • The government has directed militarized government agents—a.k.a., a standing army—to police domestic affairs in peacetime.
  • The government has turned the country into a militarized police state.
  • The government has conspired to undermine the rule of law and the constitution in order to expand its own powers.
  • The government has allowed its militarized police to invade our homes and inflict violence on homeowners.
  • The government has failed to hold its agents accountable for wrongdoing and murder under the guise of “qualified immunity.”
  • The government has jeopardized our international trade agreements.
  • The government has overtaxed us without our permission.
  • The government has denied us due process and the right to a fair trial.
  • The government has engaged in extraordinary rendition.
  • The government has continued to expand its military empire in collusion with its corporate partners-in-crime and occupy foreign nations.
  • The government has eroded fundamental legal protections and destabilized the structure of government.
  • The government has not only declared its federal powers superior to those of the states but has also asserted its sovereign power over the rights of “we the people.”
  • The government has ceased to protect the people and instead waged domestic war against the people.
  • The government has plundered our seas, ravaged our coasts, and destroyed the lives of the people.
  • The government has employed private contractors and mercenaries to carry out acts of death, desolation and tyranny, totally unworthy of a civilized nation.
  • The government through its political propaganda has pitted its citizens against each other.
  • The government has stirred up civil unrest and laid the groundwork for martial law.
  • Repeatedly, we have asked the government to cease its abuses. Each time, the government has responded with more abuse.
  • An Imperial Ruler who acts like a tyrant is not fit to govern a free people.
  • We have repeatedly sounded the alarm to our fellow citizens about the government’s abuses.
  • We have warned them about the government’s power grabs.
  • We have appealed to their sense of justice. We have reminded them of our common bonds.
  • They have rejected our plea for justice and brotherhood. They are equally at fault for the injustices being carried out by the government.
  • Thus, for the reasons mentioned above, we the people of the united States of America declare ourselves free from the chains of an abusive government. Relying on God’s protection, we pledge to stand by this Declaration of Independence with our lives, our fortunes and our honor.
In the 246 years since early Americans first declared and eventually won their independence from Great Britain, “we the people” have managed to work ourselves right back under the tyrant’s thumb.

Only this time, the tyrant is one of our own making: the American Police State.

The abuses meted out by an imperial government and endured by the American people have not ended. They have merely evolved.

“We the people” are still being robbed blind by a government of thieves.

We are still being taken advantage of by a government of scoundrels, idiots and monsters.

We are still being locked up by a government of greedy jailers.

We are still being spied on by a government of Peeping Toms.

We are still being ravaged by a government of ruffians, rapists and killers.

We are still being forced to surrender our freedoms—and those of our children—to a government of extortionists, money launderers and corporate pirates.

And we are still being held at gunpoint by a government of soldiers: a standing army in the form of a militarized police.

Given the fact that we are a relatively young nation, it hasn’t taken very long for an authoritarian regime to creep into power.

Unfortunately, the bipartisan coup that laid siege to our nation did not happen overnight.

It snuck in under our radar, hiding behind the guise of national security, the war on drugs, the war on terror, the war on immigration, political correctness, hate crimes and a host of other official-sounding programs aimed at expanding the government’s power at the expense of individual freedoms.

The building blocks for the bleak future we’re just now getting a foretaste of—police shootings of unarmed citizens, profit-driven prisons, weapons of compliance, a wall-to-wall surveillance state, pre-crime programs, a suspect society, school-to-prison pipelines, militarized police, overcriminalization, SWAT team raids, endless wars, etc.—were put in place by government officials we trusted to look out for our best interests.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, the problems we are facing will not be fixed overnight: that is the grim reality with which we must contend.

Yet that does not mean we should give up or give in or tune out. What we need to do is declare our independence from the tyranny of the American police state.
 
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marsh

On TB every waking moment

ECONOMY
Biden Climate Advisor Brags ‘Fossil Fuel’s Losing Jobs’ Amid Record Inflation, Economic Recession

McCarthy celebrates “opportunities” that come from economic turmoil, says government officials are “gaining every step of the way”

Gabriel Keane

By
Gabriel Keane 6/29/2022

President Joe Biden’s climate advisor Gina McCarthy expressed excitement this week that “fossil fuel’s losing jobs” amidst the economic turmoil and inflation engulfing the Biden administration.

“We have opportunities now to transfer to clean energy in a way that grows thousands of jobs,” McCarthy said at the Aspen Ideas Festival. “We now, we just had a report that was put out that’s showing all of the energy and employment stats from last year.”

“Clean energy is winning, fossil fuel’s losing jobs,” McCarthy continued. “We are gaining every step of the way.”

View: https://twitter.com/i/status/1542207142614155266
.23 min

Many social media users criticized McCarthy’s remarks as tone deaf during the current inflation bubble.

President Biden asked incredulously last Wednesday if there were Republicans who would “rather have lower gas prices” domestically than create massive inflation by sending taxpayer dollars to Ukraine and causing international tension with Russia.

“For all Republicans criticizing me for high gas prices in America, are you now saying we were wrong to support Ukraine and stand up to Putin?” Biden asked. “Are you saying that we’d rather have lower gas prices in America than Putin’s iron fist in Europe? I don’t believe that.”

The answer to Biden’s question may lie in his plummeting approval ratings, which have been performing terribly ever since inflation spiked to record levels under his administration.

Biden has also stated that “Well, we’ll get through at least this year. We do need more money.

But we don’t just need more money for vaccines for children, eventually. We need more money to plan for the second pandemic.”

“There’s going to be another pandemic,” Biden continued. “We have to think ahead, and that’s not something the last outfit did very well. That’s something we’ve been doing fairly well, that’s why we need the money.”
 

marsh

On TB every waking moment

Is The Global Climate Agenda Dead? G7 Turns To Fossil Fuels Amid Energy Crisis
GERMANY-POLITICS-G7-SUMMIT

Getty Images/Susan Walsh

Daily Caller News Foundation logo


JACK MCEVOYCONTRIBUTOR
June 29, 202212:19 PM ET


World leaders at the Group of 7 summit in Germany signaled they will turn back to fossil fuels despite their commitments to a green energy transition thanks to the ongoing energy crisis.
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The war in Ukraine is heavily restricting fuel imports, with Russia cutting off European access to the Nord Stream pipeline and the US imposing a fuel embargo on Putin. As a result, the U.S. and European countries are abandoning their climate agenda to return to fossil fuels.

Amid skyrocketing fuel prices, the Biden administration has been forced to abandon certain planks of its climate agenda. Biden called for a temporary increase in domestic fuel production two weeks ago and also asked congress to suspend the federal per-gallon gas tax for three months last week.

“The G7 leaders are pretending that nothing has happened to the green agenda,” Benny Peiser, director of the Global Warming Policy Forum, told The Daily Caller News Foundation. “In reality, if you look at individual member states… it’s quite obvious that the green agenda will be sunk.”

The Biden administration looks to complete its first oil drilling lease sales on onshore federal lands this week, it announced in April. In total the administration plans to sell up to 173 new oil and gas leases.

In Europe, countries are now investing in liquefied natural gas to meet gaps caused by the war in Ukraine and drive down fuel prices. New investment in liquefied natural gas is a temporary but “necessary response to the current crisis,” G7 leaders said Sunday in their final press release from the Bavarian Alps.

“Europe is finally waking to the reality that without energy, they are nothing. President Biden continues to blindly stumble along the path they seem to be veering from,” Institute for Energy Research senior vice president Dan Kish told TheDCNF.

European imports of liquified natural gas rose by more than 50 percent compared with the period a year earlier in the first five months of 2022, according to The New York Times. Despite criticism from climate activists, the G7 leaders said increasing natural-gas investment would not jeopardize environmental goals.

“Supply disruptions of oil and natural gas from Russia are going to force European countries to concentrate on avoiding energy calamities—blackouts, energy poverty, freezing to death—and forget about reducing greenhouse gas emissions. Whether they drop the rhetoric of climate as an existential crisis is another matter,” said Myron Ebell, director of the Competitive Enterprise Institute’s Center for Energy and Environment.

The slashing of Russian energy imports is also forcing Europe to neglect its promises to reduce domestic fossil fuel investments. German Economy Minister Robert Habeck, a member of the Green Party, announced last week that the government was instituting a surge in the use of coal-powered plants.

“The global climate agenda has hit the wall of energy reality harder and sooner than expected because of Russia’s war on Ukraine,” Ebell stated.

Coal use has increased across Europe following the significantly reduced supply of natural gas via the Russian Nord Stream Pipeline. As Putin continues to cut off natural gas flows to Europe, Italy, The Czech Republic and Austria are firing up coal plants to prepare for the winter.

“Europe is facing a devastating winter,” Peiser warned. “We are only in the summer where energy consumption is fairly low. Come October and November, the energy crisis will be catastrophic and the political and social implications will be dramatic.”

“These G7 leaders are, of course, the main culprits behind the whole climate agenda and they will never concede that this is part of the problem of the energy crisis. They will never admit that renewables are making their national energy systems more destabilized,” Peiser added.

GettyImages-1241568609-scaled.jpg

US President Joe Biden reacts at the start of a lunch with Representatives of Seven rich nations (G7) and Outreach guests during their fifth working session about “Investing in a better future: Climate, Energy, Health” on June 27, 2022 at Elmau Castle, southern Germany, during the G7 Summit. -(Photo by SUSAN WALSH/POOL/AFP via Getty Images)

G7 leaders also announced a “Climate Club” to combat climate change and achieve climate neutrality by 2050. They gave sparse information on what the club would actually do, even though they noted that their current climate efforts were insufficient.

A “climate club” is a perfect metaphor for a group of increasingly unserious nations in the midst of an increasingly serious world,” Kish said. “Their unilateral disarmament of their countries under the guise of climate virtue signaling has already led to war and will lead to death, destruction and starvation in the poorer parts of the world,” he said of the G7 leaders.

“It is appropriate that their intellectual guiding light is a teenage girl from Sweden, Greta Thunberg,” Kish concluded.

Renewed reliance on fossil fuels and the uncertainty surrounding the new “Climate Club” are causing G7 leaders to be seen as reneging on previous climate pledges amid fears over energy security.

The White House did not respond to TheDCNF’s request for comment.
 

marsh

On TB every waking moment

Did Rockefeller Foundation “Predict” the Food Shortages?

BY DR. JOSEPH MERCOLA
June 29, 2022
Opinions

Rockefeller Foundation

STORY AT-A-GLANCE
  • We’re told looming food shortages are primarily the result of climate change and the Russia-Ukraine conflict. Yet in July 2020, The Rockefeller Foundation had already predicted it, and was calling for a revamp of the food system as a whole to address it
  • “Reset the Table: Meeting the Moment to Transform the U.S. Food System,” published by The Rockefeller Foundation July 28, 2020, describes how the COVID pandemic caused “a hunger and nutrition crisis” in the U.S. “unlike any this country has seen in generations”
  • According to The Rockefeller Foundation, the pandemic revealed deep problems in the U.S. food system that need to be “reset.” “Reset the Table” was published just one month after the World Economic Forum (WEF) officially announced its plans for a “Great Reset,” and many of the contributors to the Foundation’s paper are WEF members
  • While the report stresses the need for “healthy diets” and “sustainable” food production, the words “natural,” “organic” or “grass fed” are absent, so that’s not what they’re referring to
  • The WEF has, for years, promoted the idea that insects should be recognized as a healthy, sustainable protein alternative that can save the environment and solve world hunger
It seems nothing escapes the prophetic minds of the self-proclaimed designers of the future. They accurately foresee “natural disasters” and foretell coincidental “acts of God.” They know everything before it happens. Perhaps they truly are prophets. Or, perhaps they’re simply describing the inevitable outcomes of their own actions.

Right now, we’re told looming food shortages are primarily the result of climate change and the Russia-Ukraine conflict. Yet, back in July 2020, The Rockefeller Foundation had already predicted it, and was calling for a revamp of the food system as a whole to address it.

‘Reset the Table’ Is Part of The Great Reset
The document in question, titled “Reset the Table: Meeting the Moment to Transform the U.S. Food System,”1 published by The Rockefeller Foundation July 28, 2020, describes how the COVID pandemic had caused “a hunger and nutrition crisis” in the U.S. “unlike any this country has seen in generations.”

Mind you, COVID was declared a pandemic March 11, 2020, so by the time this Rockefeller report was published, the pandemic had only existed for four months, and while certain high-risk groups did experience food insecurity, such as children whose primary meal is a school lunch, widespread food shortages, in terms of empty shelves, were not widely prevalent or particularly severe in the U.S.

The report also notes that it grew out of “video-conference discussions in May and June 2020,” so we’re to believe that two months into the pandemic, these prophetic minds already had the future all figured out. According to the Foundation, the pandemic revealed deep problems in the U.S. food system that need to be “reset.”

As noted by ThreadsIrish on Substack,2 “Reset the Table” was published just one month after the World Economic Forum (WEF) officially announced its plans for a “Great Reset,” and many of the contributors to the Foundation’s paper are WEF members.

In the foreword,3 Rockefeller Foundation president Dr. Rajiv Shah also stresses that “a comprehensive playbook” to address the food system would also need to address other issues, “such as living wages, housing and transportation,” and that “all of us” — meaning the self-proclaimed designers of the future — “need to write that playbook together over the coming year.”

Problem, Reaction, Solution
There are interesting tidbits in this document. For example, on page 3, it states that “94% of deaths from COVID-19 among individuals with an underlying condition, the majority of which are diet-related.” This is surprising, considering diet and nutrition were essentially absent from public discussions and reporting about the infection.

Equally surprising is that, on page 4, the Foundation actually admits its role in creating the problems currently plaguing our food system:
“The Green Revolution — which The Rockefeller Foundation played a role in seeding and scaling — was effective and successful in addressing calorie-based hunger and averting mass starvation. But it left a legacy that we see clearly today, including overemphasis of staple grains at the expense of more nutrient-rich foods, reliance on chemical fertilizers that deplete the soil, and overuse of water.”
On page 10, the Foundation goes so far as to declare that “food is medicine,” and that by “Investing in healthy and protective diets,” Americans will be able to “thrive and bring down our nation’s suffocating health care costs.”

The report even calls for the expansion of produce prescription programs, as “dietary health and COVID-19 outcomes are clearly linked.” That’s basically been my sermon for the past few decades, and even more so during the pandemic, which finally earned me the honor of being labeled one of the top disinformation spreaders in the U

While it’s tempting to view this document as a sign of sanity, if you’ve looked into the WEF’s Great Reset plan, you’ll notice that “Reset the Table” is just another cog in a wheel that is intended to run us over. As noted by ThreadsIrish:4
“The document is very much framed in the Hegelian dialectic of problem, reaction, solution. Here is the problem that they have created (COVID) and now they want to implement the solution (Transforming the global food supply). Naturally this is all ties into lands being destroyed, climate change and trying to move people back into smart cities (Page 5). Surprise, surprise.”
How They Intend to Seize Control of the Supply Chain
“Reset the Table” basically describes how they intend to seize control of the food supply and the supply chain under the guise of “equity,” “fairness” and “environmental protection.” One key to this enterprise is data collection. They want to collect data on everyone’s spending and eating habits. Expanding broadband access is part of that.
“Forty-two million Americans lack broadband access that is essential to shifts to online enrollment, online purchasing of food, direct farm-to-consumer purchasing, telemedicine, teleconsultations, as well as education, finance, and employment,” the paper5 notes, adding, “This is a fundamental resiliency and equity gap, and we need to close it, urgently.”
As you can see from these paragraphs alone, they want everything to shift into an online environment, including education, medicine and the buying of food. This, of course, makes everything you do far easier to monitor and track. Another key is to make sure global WEF partners in multiple sectors work in tandem to form a “collaborative advocacy movement.”

A third key to success is “changes to policies, practices and norms,” and those changes are “numerous.” The end goal is to centralize control of the food supply into a single executive office, which is right in line with the idea of a “one world government.” As WEF member Henry Kissinger once said, “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.”

What’s Their Definition of ‘Healthy Diet’?
As for the “healthy and protective diets” the Foundation is calling for, we’ve already been told what that is. For the past several years, the WEF has been promoting the idea that we should get used to eating weeds and bugs and drinking reclaimed sewage.

As noted in a July 2021 WEF article titled, “Why We Need to Give Insects the Role They Deserve in Our Food Systems”:6
“By 2050, the world’s food supply will need to feed another 2 billion people. Insect farming for food and animal feed could offer an environmentally friendly solution to the impending food crisis …
Thanks to new technologies such as artificial intelligence (AI) and the Internet of Things (IoT), we are at a turning point and finally able to industrialize the breeding of insects in a contained environment. Insect breeding is a data centric agro-industry with a lot of commonalities with precision agriculture.
Several indoor agriculture start-ups have emerged … Ÿnsect, for example, with more than 300 technology patents and completely unique AI-driven agricultural processes, is building the first fully automated vertical insect farm in the world, able to produce 100,000 tonnes of insect products a year.”
According to this article, insects are “a credible and efficient alternative protein source requiring fewer resources than conventional breeding,” and “a healthy ingredient” that is highly digestible and particularly suitable for senior nutrition. Insect farming is also far less expensive, requiring few natural resources such as water and could reduce agricultural pollution by nearly 99%.
The word ‘organic’ does not appear a single time in the Foundation’s report, and the world ‘natural’ is only used in reference to ‘natural disasters.’ In other words, their versions of ‘healthy diet’ and ‘sustainable agriculture’ do not include any of the basic criteria for a truly healthy, nutritious, sustainable and regenerative food supply.
The last barrier to making insect burgers the norm is “preconceived ideas about insects as a source of food and legislation with regard to the use and consumption of proteins derived from insects.” For years, the WEF has also promoted the idea that lab-grown animal foods and genetically engineered crops are the only way to feed the world and save the planet.

Not surprisingly, the word “organic” does not appear a single time in the Foundation’s report, and the word “natural” is only used in reference to “natural disasters.” This despite the word “healthy” being used 33 times and the word “sustainable” 17 times.

The term “alternative proteins” appears once, and there’s no mention of “grass fed.” In other words, their versions of “healthy diet” and “sustainable agriculture” do not include any of the basic criteria for a truly healthy, nutritious, sustainable and regenerative food supply.

Considering its close networking with the WEF, it seems reasonable to conclude that the “healthy diet” the Rockefeller Foundation keeps referring to is one of weeds and insects, and that the kinds of changes to legislation and norms they intend to push through are ones relating to what constitutes “food.” As noted by ThreadsIrish:7
“This report is dressed up as being in the public interest yet it is anything but. For 2 years COVID was the focus of attention. It was Stage 1 of Agenda 2030.
The total and utter destruction of the food supply seems to now be well under way. This is all too evident especially when Fact Checkers are having to debunk the number of fires at food processing plants within the last year.
Added to this is the culling of herds of cattle in Kansas (as many as 10,000) which is being put down to high temperatures and drought. Farmers refute this and it looks far more sinister.”
It’s Inevitable Because It’s an Intentional Plan
Time and again, the WEF and its global collaborators have “predicted” the future with stunning accuracy, sometimes years in advance, and then when the predictions come true they pretend as though they had nothing to do with it.

But let’s not forget that WEF founder Klaus Schwab, during the May 2022 meeting in Davos, clearly stated that the future doesn’t just happen, it is “BUILT, by us. By a powerful community … in this room.” Make no mistake, they truly believe they have the right to decide the fate of the world, and that you and I have no say in the matter.

Our opinions and preferences are theirs to shape, and they will do so — or at least attempt to — using the most powerful social engineering technologies that ever existed.

And, if we do not wake up to their plans and resist, we’ve made the choice to accept their version of the future — a future in which we’ll all be living in smart multiplexes where there’s no private spaces, no private ownership, and everything you do is recorded, tracked and punished or rewarded according to some social credit algorithm that determines what it means to be a “good citizen.”

At present, all data point to severe food shortages, and while the looming shortages are blamed on everything from climate change and COVID to Russia’s invasion of Ukraine, the fact is that WEF allies, such as the Rockefeller Foundation, have published documents and held fictional exercises, in advance, detailing everything we’re currently facing.

So, while they pretend to be modern-day prophets, with answers spilling out as fast as problems appear, it’s rather easy to make predictions when you’re working an intentional plan, and quite simple to fashion solutions at record speed when you created the problems as a means to an end in the first place.

All that is to say, do not doubt that food shortages and famine are coming. It’s inevitable because it’s intentional. The same goes for energy shortages. They’re intent on bringing us into the “green new deal” (as it’s part of The Great Reset) even though large-scale alternatives to oil, gas and nuclear power are nonexistent.

Prepare for the Inevitable
If something is inevitable, it would behoove you to prepare for it. Eventually, I believe mass resistance will stop many of these diabolical plans, but that resistance probably won’t manifest until a majority are really feeling the squeeze.

Remember, The Great Reset includes a reimagined food system that doesn’t rely on livestock or require a large land footprint. That’s why we can be so sure that none of the current problems will be effectively addressed or counteracted.

They intend for the current food system to fall apart, so they can then “solve” the problem by introducing a new system based on patented lab-grown synthetic and genetically engineered foods and massive insect farms.

(edited prepper guidance)
 

marsh

On TB every waking moment

Higher fuel prices spark social unrest in South America

Dozens of trucks were blocked from entering Buenos Aires as part of growing demonstrations against diesel shortages in the latest example of growing fuel protests in South America amid higher international prices as a result of Russia’s war in Ukraine

ByDaniel Politi Associated Press
June 28, 2022, 5:11 PM


A trucker partially blocks the southern entrance to Buenos Aires, Argentina, Tuesday, June 28, 2022. Dozens of truckers tried to enter the center of the city Tuesday to protest the lack of diesel but were stopped by the police and forced to return. (

A trucker partially blocks the southern entrance to Buenos Aires, Argentina, Tuesday, June 28, 2022. Dozens of truckers tried to enter the center of the city Tuesday to protest the lack of diesel but were stopped by the police and forced to return. (AP Photo/Victor R. Caivano)
The Associated Press

BUENOS AIRES, Argentina -- Police in Argentina blocked a major entry point to the capital’s center on Tuesday to keep a group of truckers from joining a downtown protest, adding traffic snarls in Buenos Aires to a series of disruptions caused by anger over rising prices and shortages of fuel across South America, largely as a result of Russia’s war in Ukraine.

Cars were backed up for several kilometers (miles) until truckers agreed to open up a lane to regular traffic as they moved to take a protest over diesel shortages and prices that has been going on for weeks to Argentina's capital.

Argentina is only one of several countries in South America to see reverberations from increasing fuel prices, largely as a result of Russia's war in Ukraine.

In Peru, truckers launched an indefinite strike on Monday to protest higher fuel prices while in Ecuador, at least five people have been killed during more than two weeks of a protest led by Indigenous people that has as its main rallying cry a demand for lower gasoline prices.

The reverberations of higher prices are also hitting executive offices. In Brazil, the chief executive of state-run oil giant Petrobras resigned last week amid political pressure due to curb prices.

Drivers around the world are feeling the pain at the pump as gasoline and diesel prices are soaring in large part due to Russia’s invasion of Ukraine as well as the global economic rebound from the COVID-19 pandemic.

That pain is turning into social unrest in several countries in Latin America where quickening inflation, itself fueled by higher energy prices, is making it difficult for many in one of the world’s most unequal regions to make ends meet.

The truckers protesting in Argentina are also demanding higher fees to transport grains.

Truckers have been protesting for weeks due to a shortage of diesel in gas stations around the country and their failed attempt to enter the capital was part of an effort to get the attention of the government of President Alberto Fernandez.

“They're giving us 60 liters per day to work,” Rubén Darío Fernández, a 61-year-old trucker who was among those trying to enter the capital Tuesday, said. “The problem is you can't do long trips nor work all week with that.”

In Ecuador, President Guillermo Lasso abruptly cut dialogue Tuesday with the largest Indigenous group leading the protest following an attack by demonstrators that killed one military officer and wounded 12 others who were escorting a fuel convoy in the Amazon.

The Confederation of Indigenous Nationalities has been leading a strike for more than two weeks to call for a decrease in the price of fuel along with other demands, including a bigger health and education budget.

Negotiations were called off a day after the protesters and government officials sat down to talk for the first time since the strike started.

The Argentina protest stands apart from other similar demonstrations in the region because it has more to do with shortages rather than high prices as there are problems obtaining diesel in 23 of Argentina’s 24 provinces, according to the federation of truckers.

But truckers also contend the shortage is leading to price hikes.

“They charge whatever they want for the little diesel there is,” Roberto Arce, a 49-year-old truck driver who was at the protest Tuesday, said.

Argentina’s government has vowed that the supply problems will end soon. Transportation Minister Alexis Guerrera said in a local radio interview Saturday that things should be back to normal “within the next 15 or 20 days.”

Argentina tightly controls prices at the pump and relies on imports for around one-quarter of its diesel consumption.

State-controlled oil company YPF, which is Argentina’s largest producer and refiner, said Monday it would import 10 cargoes of diesel within the next 45 days to help ameliorate the shortage.

Argentina’s fuel production has failed to keep up with demand, creating a bottleneck at a key time for the country’s crop harvest as the agricultural sector and truckers used to transport production to port mostly rely on diesel for fuel.

Argentina’s diesel sales increased 16% in the 12 months ending in April, while production increased less than half that amount at 7%, according to a recent report by the Argentine Energy Institute.

In Peru, truckers continued with their protests for a second day on Tuesday, saying that current fuel prices, tied with general inflation, are making it difficult for them to make ends meet.

“The substance of our demands lies in the impossibility of transferring the frequent diesel increases to our clients,” Luis Marcos, a leader of the truckers, told a local radio station.
 

marsh

On TB every waking moment

On China-Russia border, new bonds are forged against U.S. over Ukraine
Image without a caption

By Eva Dou
June 29, 2022 at 4:40 a.m. EDT

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Heihe resident Wang Xuzhen, 67, stands beside the Amur River, which marks the border between China and Russia. (Eva Dou/The Washington Post)


HEIHE, China — On the bank of the Amur River across from Russia, Wang Xuzhen sat scrubbing some shoes on a sunny afternoon.

Wang, 67, has lived for decades within sight of Russia here on China’s northeastern fringe, but she has never felt moved to take the short ferry ride to see Blagoveshchensk. She recalls how frightening the fortified border was before exchanges began in the 1980s. She tells her grandchildren not to forget a Russian massacre of Chinese residents more than a century ago. Near the water, a sign urges vigilance against spies.

Despite the enduring wariness across the river, Wang is clear where she stands. When it comes down to it, she says, Russia and China are on the same team, resisting what she sees as America’s global meddling. She says Ukraine should have accepted its place in Russia’s sphere of influence instead of courting the United States and NATO.

“I support Russia,” she said. “Two neighbors have to stick together so they aren’t bullied.”

Wang’s outlook mirrors that of many of her compatriots. Around the world, ideological lines are hardening. In the United States, politicians and lay citizens alike increasingly view international affairs through the lens of great-power competition against China and Russia. The same is the case in China, where many see the Ukraine war as a proxy conflict with the United States.

Western governments have rallied to the cause of Ukraine, in Europe, and Taiwan, in Asia, calling them bastions of the “free” world that must not fall. In China, these moves are seen as worrisome attempts to ramp up the Western sphere of influence on the doorsteps of Russia and China.

The widening ideological gulf is grist for China’s government to shore up its standing at home by playing to nationalist sentiment, galvanizing citizens against an overseas enemy to distract from domestic troubles. It also raises the risk of further international conflict, as governments and militaries boost preparations for any great-power confrontation.

In Heihe, many residents’ views on the Ukraine war don’t stray far from Beijing’s official stance, and it’s hard to say where government propaganda ends and where grass-roots opinion begins.

The effect of propaganda is particularly strong in China, where news programs are closely controlled, many international websites blocked and social media comments censored.

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A restaurant menu in Heihe, near the China-Russia border, features “Ukraine dish sausage,” with a photo of a sausage with a Russian flag on it. (Eva Dou/The Washington Post)

People are regularly punished in China for political speech that diverges from the official line, and some in Heihe were wary of saying too much about the war in Ukraine. “We shouldn’t talk about it in the countryside,” said Chi Xiude, a 78-year-old who grows cabbages on the city’s outskirts. “It’s a war. It hurts the average people.”

Wang, though, could hardly contain her anger over U.S. geopolitical interventions abroad. She named her toy poodle “Trump,” after former president Donald Trump, so she can scold the dog: “Can’t you behave? What are you biting now?”

While sympathetic to the plight of Ukrainian civilians, she put the blame on Ukraine’s leaders for not pacifying Moscow.

“Once a little brother, always a little brother,” Wang said. “You should help each other. What are you doing, running around with the United States and those scum of the Earth?”

China-Russia relations have long been tenuous. After close cooperation between the Soviet Union and Mao Zedong’s China in the early 1950s, relations turned bitter, leading to military clashes along the northeastern border in the 1960s.

In recent years, Moscow and Beijing have found common cause against the West, with China’s leader, Xi Jinping, and his Russian counterpart, Vladimir Putin, touting a “no limits” relationship in February. Still, the two countries do not have a formal alliance, and the bond is often described as a marriage of convenience.

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A truck drives on June 16 from Blagoveshchensk, Russia, to Heihe, China, over the first highway bridge between the two countries. The bridge was opened on June 10. (Photos by Eva Dou/The Washington Post)

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The 4,200-foot bridge, seen from Heihe, spans the Amur River.

On June 10, China’s first highway bridge to Russia opened in Heihe, connecting it to Blagoveshchensk. The 4,200-foot bridge was a symbol of Beijing’s commitment to supporting Moscow — one that Xi touted in a phone call with Putin on June 15. Local Chinese authorities have said the bridge will decrease shipping costs across the river.

But this symbol of friendship isn’t quite so clear-cut: The bridge’s construction was completed in November 2019, but the opening was delayed because of China’s strict pandemic controls and negotiations over tolls. Although it can handle more than 600 trucks a day, the red-trimmed bridge had little use on a recent afternoon, with only a lone, empty flatbed truck seen making its way from Blagoveshchensk.

China imported more Russian crude oil in May than ever before

China has been wary of violating Western sanctions on Russia that could trigger secondary sanctions on its companies. Nor is it willing to relax its “zero covid” measures for the sake of trade. Russian tourists have yet to be allowed back into Heihe, leaving the tourist town ghostly quiet. The two sides sometimes wave to each other as their boats pass at a distance over the Amur’s coffee-brown waters.

Chinese purchases of Russian oil and other commodities have soared, and Xi recently pledged trade with Russia will reach new records. But China’s exports to its northern neighbor remain well below prewar levels, according to a study from the Peterson Institute of International Economics. Beijing has pushed back against Moscow’s requests for greater support in recent weeks, according to Chinese and U.S. officials, The Washington Post reported.

“The Chinese side has been very, very cautious about what kind of trade is going on,” said Jacob Gunter, senior analyst at the Mercator Institute for China Studies in Germany.

Despite Beijing’s efforts at caution, the Commerce Department on Tuesday put five Chinese companies on a trade blacklist for allegedly supplying Russia’s military or defense industry. China’s Foreign Ministry did not immediately respond to a request for comment Wednesday.

1656567442969.png
A man from Heihe fishes on the Amur River within sight of Blagoveshchensk on June 17. (Eva Dou/The Washington Post)

Fishing on the bank of the Amur River, a Heihe resident who would only give his surname, Wang, said the Ukraine war had little to do with them, except for higher gas prices. But he said Heihe locals followed the news and knew what was going on.

“There’s no way we’d support Ukraine,” he said. “The Americans are trying to cause trouble.”

Another Heihe resident, 57-year-old Liu Hongyao, agreed, saying China’s fate was linked to Russia’s, so the two needed to hang together. He called Ukraine “cannon fodder,” saying he thought Western countries had somehow provoked it into a self-destructive confrontation with its powerful neighbor.

“If America wipes out Russia, then China is toast too,” he said.

1656567491303.png

A shopkeeper in Heihe arranges souvenirs on June 27. The tourist town has been hurt by pandemic restrictions against international visitors. (Eva Dou/The Washington Post)

Beijing has avoided calling Russia’s assault an invasion, and it has rebuffed Western requests for it to publicly denounce Moscow. The International Criminal Court is investigating evidence of Russian war crimes in Ukraine.

A handful of figures in China have publicly criticized Moscow, including a group of university professors who published an open letter in February. “As a country that was once ravaged by war, where families were destroyed, where everywhere people were dying of starvation, … [w]e sympathize with the pain of the Ukrainian people,” it said.

Chinese authorities have tamped down recent news of Russian atrocities toward civilians in Ukraine. But there is a different collective memory here in Heihe that is allowed.

In 1900, amid Russia-China clashes, Russian Cossacks drove the Chinese residents on the far side of the Amur into the river, resulting in thousands of deaths. People in Heihe today continue to recount the horror in vivid detail, although it happened long before they were born. “The river was full of blood,” Liu said.

The Aihui history museum on the outskirts of Heihe keeps alive the memory of that massacre in Blagoveshchensk, as well as other Chinese humiliations, such as when the Qing dynasty ceded a swath of land across the river to Russia in 1858.

Wang said she had taken her grandchildren to the museum twice.

“I told the children, ‘Never forget the nation’s humiliation,’ ” she said. “A country must have strong national defense. Or look what happens. They cut the barbed-wire fence and pushed the peasants into the river.”
 

marsh

On TB every waking moment

The Heat: BRICS leaders meet amid global challenges
Anand Naidoo

Anand Naidoo
@anandnaidoo
Resize-BRICS-770x513.png

Published June 24, 2022 at 6:46 PM
The leaders of Brazil, Russia, India, China and South Africa met virtually in Beijing for the 14th BRICS summit.

Together they account for more than 40% of the world’s population, contributing nearly a quarter of global GDP and 18% to world trade. The gathering took place as the world grapples with a multitude of challenges. CGTN’s Tang Bo reports from Beijing.
To discuss:
  • Ebrahim Rasool served as South Africa’s Ambassador to the United States and founded the World for All Foundation.
  • Chidanand Rajghatta is the Times of India’s foreign editor and U.S. bureau chief.
  • Jose Roberto de Toledo is an online editor and political columnist for Piaui Magazine.
  • Victor Gao is a chair professor at Soochow University and vice president of the Center for China and Globalization.
View: https://youtu.be/QsK-L6JiNIA
28:25 min

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marsh

On TB every waking moment

Putin: New Reserve Currency Proposed Within BRICS

Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call in Moscow, Russia, Wednesday, June 22, 2022. (Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP)

Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call in Moscow, Russia, Wednesday, June 22, 2022. (Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP)

OAN NEWSROOM
UPDATED 7:09 AM PT – Thursday, June 23 2022

Russia’s Vladimir Putin unveiled a new scheme of international settlements, moving further away from the US financial system. In an address to the BRICS Business Forum Wednesday, he proposed a new reserve currency that will be used for payments in international trade.
Putin said the new payment method will be based off the basket of national currencies of BRICS member states: Brazil, Russia, India, China (PRC), South Africa and Russia. He then noted trade in goods and services within the bloc has surged in recent months amid failed Western sanctions.
“Our countries are home to more than 3 billion people and together account for about a quarter of the global GDP, 20 percent of trade and roughly 25 percent of direct investments, while the total international reserves of the BRICS countries (as of the beginning of 2022) amount to about 35 percent of world reserves,” Putin stated. “The Russian MIR payment system is expanding its presence. We are exploring the possibility of creating an international reserve currency based on the basket of BRICS currencies.”
Putin went on to say Russia is deepening trading ties with China and India while increasing technology cooperation with South Africa and Brazil.
View: https://twitter.com/i/status/1539965234026147841
.42 min

Meanwhile, former United Nations envoy Nikki Haley warned “Western weakness” encourages China to pursue more assertive foreign policies. In a speech at Policy Exchange in London on Wednesday, the Trump-era diplomat condemned the Biden administration’s lack of leadership in global affairs.

Haley said both America’s allies and adversaries saw Joe Biden’s’ weakness during his botched withdrawal from Afghanistan last August. She also alleged the West is facing “an axis” of fanatical dictators, directing that claim at China, Russia and Iran.

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Haley then pointed out China may invade Taiwan soon, emboldened by Russia’s advances into Ukraine and Biden’s inability to lead.
 

marsh

On TB every waking moment

Russia
  • Russia endorses Argentine, Iran joining BRICS MercoPress
Russia’s Foreign Minister Sergey Lavrov Tuesday said his country would welcome the enlargement of the BRICS bloc made up of Brazil, Russia, India, China, and South Africa by adding Argentina and Iran to the list of member nations.
“Of course, both Argentina and Iran are worthy and respected candidates, as well as a number of other countries that are also mentioned in the discussions,” Lavrov told the Russian news service TASS. The top diplomat made those remarks from Ashgabat, the capital of Turkmenistan, where he was on an official trip.
“The most important thing is that the preliminary process has started,” he added.
 

marsh

On TB every waking moment

Oil Market Confronts US And EU Policymakers With Daunting Choices: Kemp

THURSDAY, JUN 30, 2022 - 02:00 AM
By John Kemp, senior energy analyst at Reuters

With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude.



The most likely stress relief will come from a deceleration in oil consumption as a result of a recession or mid-cycle manufacturing slowdown in the major oil consuming economies of North America, Europe and Asia.

Economic growth is already slowing in the United States and faltering in Europe and China under the combined impact of accelerating inflation, rising interest rates and coronavirus controls. Financial conditions are tightening rapidly as central banks raise interest rates and commercial banks enforce tougher lending standards.

Unlike previous cyclical slowdowns, central banks are likely to continue tightening financial conditions as the economy slows to snuff out inflation.

The alternative is for a sharp acceleration of production ― meaning more output from OPEC members, U.S. shale producers, other non-OPEC suppliers, or currently sanctioned countries.

Most OPEC members are already producing at full capacity, with the exception of Saudi Arabia and the United Arab Emirates.

The precise amount of spare capacity available in Saudi Arabia and the United Arab Emirates is disputed given the secrecy which surrounds their production systems. But it is unlikely to be much more than around 1 million barrels per day (bpd) based on historic production rates (“Can Saudi Aramco Meet Its Oil Production Promises?”, Bloomberg, June 29).

U.S. shale producers are already increasing drilling rates, which will translate into higher production over the next 6-12 months, once the wells have been drilled, fractured and linked up to pipeline systems.



The largest shale producers remain committed to restraining output growth to avoid flooding the market and return capital to shareholders, which is likely to limit growth from this source.

Non-OPEC non-shale producers (NONS) are expected to increase production by under 1 million bpd in both 2022 and 2023 (“EIA forecasts growing liquid fuels production in Brazil, Canada and China”, EIA, June 17).

The only other source of increased production would come from easing sanctions on Venezuela, Iran or Russia, which could add several million barrels daily to the market depending on which sanctions were relaxed.

ACCUMULATING STRESS
Brent’s spot price and calendar spreads are sending contrasting signals about the tightness of oil supplies, implying the market is storing up volatility which is likely to be unleashed over the next few months.



Front-month futures prices are high, but not extremely so once adjusted for inflation, lying in the 85th percentile for all months since 1990 and the 78th percentile for all months since 2000.



The implication is the market is short of petroleum but the shortfall is not (yet) critical and expected to be resolved relatively easily by an increase in production, a reduction in consumption, or both.

But Brent’s six-month calendar spread, usually seen as a clearer signal about the balance between production, consumption, inventories and spare capacity, is trading near record levels.



Brent spreads are signalling the market is already exceptionally tight, with shortages becoming critical and difficult to relieve without a massive increase in output, a recession-driven fall in consumption, or both.

Other calendar spreads, including the very short-term dated Brent spreads for cargoes scheduled to load in the next few weeks, and Murban crude futures, the benchmark in Asia, are already at record levels. The tightness in some of these short-term spreads is likely exaggerated by squeezes, so the price structures should be interpreted with care, but squeezes would not be possible if the market was not under-supplied.

Critical calendar spreads are signalling an extreme shortage of crude - even though the U.S. Strategic Petroleum Reserve (SPR) is discharging 1 million barrels per day until the end of October.



Spreads signal the production-consumption balance is expected to be far tighter than in either 2012-2014 or 2007-2008, the last time that real oil prices were this high.

The contradiction between spot prices and spreads must eventually be resolved, which will likely induce significant volatility: either spot prices must rise to align with tightness implied by the calendar spreads, or the spreads must soften to match the more evenly balanced market implied by spot prices.

TIME TO CHOOSE

The oil market is confronting policymakers with a menu of options. But each of them carries a high cost in terms of diplomacy, domestic politics, the economy, or all three, making them unpalatable for decision-makers. This explains why "clever" technical solutions that appear to avoid these hard choices are so popular at the moment in the United States and the European Union.

The proposed price cap on Russia’s petroleum exports is designed to reduce Russia’s revenues without reducing oil supply, raising prices, increasing the need for a recession, or relaxing sanctions on Iran or Venezuela. But the feasibility of these technical solutions falls as their complexity increases.

It is like going into a restaurant, ordering all the items on the menu, and then being surprised the eventual bill is so high.

In the recent past, stringent U.S.-led sanctions on Iran between 2012 and 2015 contributed to the period of very high real prices between 2012 and 2014. Sanctions have invariably driven up energy prices for consumers unless there are alternative supplies readily available to make up the deficit (“Energy sanctions and the impact on prices for consumers”, Kemp, June 2022).

In the current market, there is very limited spare capacity, unless and until a recessionary slowdown in the global economy and oil consumption creates some more slack.

U.S. and EU policymakers must therefore choose - tougher sanctions on Russia; easier sanctions on Venezuela and Iran; faster production growth from Saudi Arabia and the UAE; faster growth from U.S. shale; or a deeper recession.
 

raven

TB Fanatic

Oil Market Confronts US And EU Policymakers With Daunting Choices: Kemp

THURSDAY, JUN 30, 2022 - 02:00 AM
By John Kemp, senior energy analyst at Reuters

With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude.



The most likely stress relief will come from a deceleration in oil consumption as a result of a recession or mid-cycle manufacturing slowdown in the major oil consuming economies of North America, Europe and Asia.

Economic growth is already slowing in the United States and faltering in Europe and China under the combined impact of accelerating inflation, rising interest rates and coronavirus controls. Financial conditions are tightening rapidly as central banks raise interest rates and commercial banks enforce tougher lending standards.

Unlike previous cyclical slowdowns, central banks are likely to continue tightening financial conditions as the economy slows to snuff out inflation.

The alternative is for a sharp acceleration of production ― meaning more output from OPEC members, U.S. shale producers, other non-OPEC suppliers, or currently sanctioned countries.

Most OPEC members are already producing at full capacity, with the exception of Saudi Arabia and the United Arab Emirates.

The precise amount of spare capacity available in Saudi Arabia and the United Arab Emirates is disputed given the secrecy which surrounds their production systems. But it is unlikely to be much more than around 1 million barrels per day (bpd) based on historic production rates (“Can Saudi Aramco Meet Its Oil Production Promises?”, Bloomberg, June 29).

U.S. shale producers are already increasing drilling rates, which will translate into higher production over the next 6-12 months, once the wells have been drilled, fractured and linked up to pipeline systems.



The largest shale producers remain committed to restraining output growth to avoid flooding the market and return capital to shareholders, which is likely to limit growth from this source.

Non-OPEC non-shale producers (NONS) are expected to increase production by under 1 million bpd in both 2022 and 2023 (“EIA forecasts growing liquid fuels production in Brazil, Canada and China”, EIA, June 17).

The only other source of increased production would come from easing sanctions on Venezuela, Iran or Russia, which could add several million barrels daily to the market depending on which sanctions were relaxed.

ACCUMULATING STRESS
Brent’s spot price and calendar spreads are sending contrasting signals about the tightness of oil supplies, implying the market is storing up volatility which is likely to be unleashed over the next few months.



Front-month futures prices are high, but not extremely so once adjusted for inflation, lying in the 85th percentile for all months since 1990 and the 78th percentile for all months since 2000.



The implication is the market is short of petroleum but the shortfall is not (yet) critical and expected to be resolved relatively easily by an increase in production, a reduction in consumption, or both.

But Brent’s six-month calendar spread, usually seen as a clearer signal about the balance between production, consumption, inventories and spare capacity, is trading near record levels.



Brent spreads are signalling the market is already exceptionally tight, with shortages becoming critical and difficult to relieve without a massive increase in output, a recession-driven fall in consumption, or both.

Other calendar spreads, including the very short-term dated Brent spreads for cargoes scheduled to load in the next few weeks, and Murban crude futures, the benchmark in Asia, are already at record levels. The tightness in some of these short-term spreads is likely exaggerated by squeezes, so the price structures should be interpreted with care, but squeezes would not be possible if the market was not under-supplied.

Critical calendar spreads are signalling an extreme shortage of crude - even though the U.S. Strategic Petroleum Reserve (SPR) is discharging 1 million barrels per day until the end of October.



Spreads signal the production-consumption balance is expected to be far tighter than in either 2012-2014 or 2007-2008, the last time that real oil prices were this high.

The contradiction between spot prices and spreads must eventually be resolved, which will likely induce significant volatility: either spot prices must rise to align with tightness implied by the calendar spreads, or the spreads must soften to match the more evenly balanced market implied by spot prices.

TIME TO CHOOSE

The oil market is confronting policymakers with a menu of options. But each of them carries a high cost in terms of diplomacy, domestic politics, the economy, or all three, making them unpalatable for decision-makers. This explains why "clever" technical solutions that appear to avoid these hard choices are so popular at the moment in the United States and the European Union.

The proposed price cap on Russia’s petroleum exports is designed to reduce Russia’s revenues without reducing oil supply, raising prices, increasing the need for a recession, or relaxing sanctions on Iran or Venezuela. But the feasibility of these technical solutions falls as their complexity increases.

It is like going into a restaurant, ordering all the items on the menu, and then being surprised the eventual bill is so high.

In the recent past, stringent U.S.-led sanctions on Iran between 2012 and 2015 contributed to the period of very high real prices between 2012 and 2014. Sanctions have invariably driven up energy prices for consumers unless there are alternative supplies readily available to make up the deficit (“Energy sanctions and the impact on prices for consumers”, Kemp, June 2022).

In the current market, there is very limited spare capacity, unless and until a recessionary slowdown in the global economy and oil consumption creates some more slack.

U.S. and EU policymakers must therefore choose - tougher sanctions on Russia; easier sanctions on Venezuela and Iran; faster production growth from Saudi Arabia and the UAE; faster growth from U.S. shale; or a deeper recession.
yes, inflation is not a problem, it is a solution.
 

marsh

On TB every waking moment

USDA's Grain Stocks Report Shows Farmers Are Holding Onto Old Crop Corn And Soybeans
USDA's June Grain Stocks report shows 2.12 billion bushels of corn are currently being stored on farm, up 22% from a year ago. On-farm soybean storage is up 51%.
USDA's June Grain Stocks report shows 2.12 billion bushels of corn are currently being stored on farm, up 22% from a year ago. On-farm soybean storage is up 51%.(File Photo )
By TYNE MORGAN June 30, 2022

USDA’s June Grain Stocks report typically takes a backseat to the agency's June Acreage Report released the same day. This year, analysts were watching the report closely for any indication on why some areas are seeing such strong cash grain bids to start the summer, but they didn't see any major surprises.

The main takeaways from USDA’s June Grain Stocks report include:
  • Total U.S. corn stocks up 6% from June 2021
  • Soybean stocks up 26% compared to last year
  • All wheat stocks down 22% from June 2021
The grain stocks numbers for each crop were in line with pre-report trade estimates, and as one analyst pointed out, that's typically not the case with this report.

"That was probably the most neutral grain stocks report I've seen in four decades, really — fewer than 5 million bushels off of trade expectations across the board," says Arlan Suderman of StoneX Group. "There were no real surprises, and it's really kind of surprising that we can see any type of stocks report come so close to what the trade is expecting. This report really keeps the focus on the acreage and the weather."

USDA’s report indicates the U.S. isn’t on the verge of running out of corn. Instead, it appears farmers are holding onto grain instead of selling with 2.12 billion bushels of corn currently being stored on farm, which is up 22% from a year ago.

Total corn stocks, as of June 1, sit at 4.35 billion bushels. Off-farm stocks total 2.23 billion bushels.

"Grain stocks weren't quite as tight as they expected," says Matt Bennett of AgMarket.Net. "Last year, you were at 4.11 [billion]. This year, you're actually at 4.35. That's essentially what the market was estimating. Did I think we'd be down from last year's levels? Maybe not quite as low, but I certainly felt like we had the tendency to be a little closer than where we ended up."

Despite the 6% increase in domestic corn stocks, Bennett says the report still shows corn supplies are tight.

"When you look at basis, when you look at the bull spread activity, it's just incredible," he adds.

"There's no question there's less corn out there available. I think less beans as well."

Soybean Stocks up 26%
The Grain Stocks report shows farmers are holding onto more soybeans than they did at this time last year, with on-farm soybean stocks up 51%. USDA says the amount of soybeans stored on and off-farm now totals 971 million, which is 26% more than last June 2021.

"I think farmers indicated they want to hold onto supply until they know more about their new crop, trying to maximize the markets, if you will," says Dan Basse of AgResource Company. "But as you look around, because of the logistical snarls and the margins for ethanol and soybean crush, it leaves me with the idea the cash markets will stay relatively well supported."

Wheat Supplies Tighten
USDA's latest report indicates wheat stocks are tightening across the U.S., with all wheat stocks 22% below last year. On-farm storage is down 34% at 660 million bushels, with off-farm wheat stocks down 19%.
 

marsh

On TB every waking moment

Biden & G-7 Push World Into "Nightmare Scenario"

THURSDAY, JUN 30, 2022 - 02:10 PM
Authored by Michael Shellenberger via Substack,

The West's Malthusian neoliberal political order is rapidly collapsing...


Led by U.S. President Joe Biden, the Group of Seven (G-7) economic powers announced plans to ban the transport of Russian oil sold above a certain price with the goal of hurting Russia enough so that it ends its war against Ukraine. "There is only one way out: for Putin to accept that his plans in Ukraine will not succeed," said German Chancellor Olaf Scholz.

The G-7’s plan is to impose a price cap on Russian oil through the regulation of petroleum shipping, banking, and insurance.

The proposal is, in a word, ludicrous.

Russian President Vladimir Putin would never agree to a price cap. He would likely withhold oil from the market in the same way he has been withholding natural gas from Europe, driving up prices. Putin would then sell oil to countries including China and India at a 30-40% discount, as he has been doing, or larger. Russia produces oil at a price of just $3-$4 per barrel and Russian firms can profit with oil prices at $25-$30 per barrel. And while it’s true that there is a near-monopoly in shipping insurance, Russia has been creating alternatives to it.

Neither China nor India are likely to agree to the cap unless G-7 nations imposed severe “secondary sanctions” against them, which could escalate into a mutually destructive trade war.

But even if they did formally comply, the two nations could easily cheat, as several analysts quickly noted on Twitter.
“A price cap will never work,” said one.
“Every refiner will bid price cap…. India and China… will cheat and pay above the cap and win all they want as [the] other option is twice the price. Nobody will know they paid it, either. Russia ends with more revenue.”
Defenders of the oil price cap proposal point to a similar oil price cap mechanism that President Bill Clinton led the United Nations Security Council to impose on Iraq in 1995, as part of the U.N.’s “oil-for-food programme,” which allowed Iraq to sell its oil in exchange for food and medicine. It was meant to serve the humanitarian needs of the Iraqi people while preventing Iraq’s then-president, Saddam Hussein, from increasing military capabilities. Oil buyers put money into an escrow account run by a private bank. Some of the money was then distributed to Iraq, some was for war reparations to Kuwait, and some was for U.N. operations.

But the Iraq oil-for-food scheme became famously corrupt and had to be shut down. And while the U.N. Security Council was united on Iraq, it is today divided over Russia's invasion of Ukraine. China, India and 33 other nations refuse to condemn Russia’s invasion, and China and India are, as noted, the largest buyers of heavily-discounted Russian oil.

Russia’s response to Western financial sanctions are further proof that an oil price cap can’t work. Biden in March said sanctions were “crushing the Russian economy” and that “the ruble is reduced to rubble.” But high energy prices have meant that Russia is making more money than ever, the ruble is at a seven-year high against the dollar, and China’s benefiting from discounted Russian oil. As such, the attempted bans on Russian oil are proof that the G-7’s latest price cap idea would backfire. Putin would simply reduce oil and gas exports to punish participating nations and further drive up prices.
"It is a nightmare scenario,” noted an oil trader.
The response to the G-7 Russian oil price cap proposal has been near-uniformly negative, even from economists sympathetic to the Biden administration and some G-7 leaders.

“This is going to fail,” tweeted the head of the Peterson Institute for International Economics.

“The G7 won't enforce it on India, and China will retaliate until a workaround is reached.” Italy’s Prime Minister urged the oil price cap to include a natural gas price cap, and French President Emmanuel Macron has proposed a price cap on all oil, not just Russian oil. “The U.S.,” noted Politico, “which originally proposed the narrower Russian price cap, and is currently the world’s biggest oil producer, was blindsided by the French plan.”

In other words, the G-7 is in chaos. Last fall, G-7 leaders claimed climate change was the most important issue in the world, demanded that government subsidies to fossil fuels be phased out, and tried to deny African nations fossil fuels. Now, G-7 nations are subsidizing energy, waiving energy taxes, and burning more coal than they have in years. In the three decades since the Cold War, G-7 leaders have heralded a new global order based on free markets and neoliberal ideology. Now, they are proposing price-fixing and the creation of a Western energy cartel.



The bottom line is that there will be no Western energy cartel, nor even a price cap on Russian oil or gas. Global energy markets are far too globalized for an oil price cap to work. Russia, China, India and at least 33 other nations would circumvent it, and as soon as they did, the West would be forced to abandon it, too, given the crippling effect it would have on Western economies. Indeed, simply attempting to impose a global oil price cap would wreak havoc. Noted Bloomberg, “politicians are likely to quietly abandon the concept after agreeing to explore it.”

What, then, is going on? Why are President Biden and the G-7 pushing the West ever closer to a “nightmare scenario” of energy shortages and recession?
The Great Reset looms...

 

marsh

On TB every waking moment

The Jaws Of Trade Squeezing The Supply Chain

THURSDAY, JUN 30, 2022 - 12:45 PM
By FreightWaves

The jaws of the supply chain vise are squeezing trade so tight that the headache it is creating will be a whopper for logistics managers this peak season. Port congestion is growing again as a result of labor and equipment inefficiencies. Trade requires people, and what we see in the CNBC Supply Chain Heat Maps is the people component in trade is behind this latest squeeze.



Shanghai is still in the process of reopening, and while there are more green lights on the screen, the supplying of drivers and people to move and make the product is slower than normal. This is affecting the delivery of critical medical devices.

“The manufacturing plant in Shanghai was down for 75 days because of the ‘zero-COVID’ restrictions,” explained Gerry LoDuca, president of Dukal, which sells infection-control products and has manufacturing plants in Shanghai, Wuhan and Xingtai, China. “They are now operating 24/7 and they will be caught up by the end of July. Then the products will need to be packed up, shipped to Shanghai port and moved by vessel.”

Unfortunately, this delay is one of many being experienced by global importers.



Another vise squeezing trade is Europe.
Labor strife between the German trade union ver.di and the Central Association of German Seaport Companies (ZDS) is white-hot. Almost all ports in the German Northern Sea were impacted by a second warning strike last week that lasted 24 hours.

According to sources, a final offer of a wage increase of up to 11% in 18 months was offered.

Some hope for a conciliation procedure in which politicians or a neutral person become involved in mediation.

The delays created by the latest warning strike have added to the congestion already plaguing the German ports. Container ships are currently delayed by several weeks at some German ports. Logistics executives are concerned the congestion is going to get worse, as will the availability of empty containers to be filled with trade.



“The overall situation in North European ports is deteriorating,” warned Andreas Braun, EMEA ocean product director for Crane Worldwide Logistics. “Port congestion is on the increase as well as yard occupancy. The first shipping lines like MSC are reacting to the current scenario with emergency storage surcharges for both imports and exports. These surcharges will be applied after exceeding the standard storage free time and are in addition to the standard tariffs. Although this surcharge is currently limited to Dutch ports only, and to date only MSC has circulated communication relating to the additional fees, we can assume that other ports and shipping lines will follow.”

Ocean carrier Hapag-Lloyd issued a notice on the increased demand on trucks as a result of this labor slowdown. And Maersk reported it would “absorb” the stoppage at its German terminals, telling customers that “in the interest of minimizing any further disruption to your supply chain, we will be keeping a close eye on developments up to and during the next round of meetings between trade union ver.di and ZDS, acknowledging that further strike action is possible.”

The U.S. logistics system continues to have its own host of issues with the persistent rail problems, chassis shortages and warehouses at capacity.



“Consumer trends are changing,” explained Spencer Shute, senior consultant at Proxima.

“Buying patterns have shifted from home, electronics, casual apparel to more services. We are seeing buying apparel for travel and cosmetics coming back to pre-pandemic levels. Luggage, sunscreen, bug spray, these are items in higher demand because consumers need them in their experience pursuits. Larger appliances are not being purchased anymore. It’s an interesting dynamic to see how quickly the consumer has flipped considering what is going on in the economy.”

Despite the historic volume of containers, a pullback is expected as future orders for Chinese manufacturing have dropped anywhere from 20% to 30%, according to shippers surveyed.

Lumber orders have been cut along with orders for furniture, appliances and DIY products.

“But for other sectors like garments, sporting goods and e-commerce, they are still seeing strong demands,” explained Akhil Nair, senior vice president of products for Asia-Pacific at Seko Logistics.

Steve Lamar, CEO of the American Apparel and Footwear Association, explained the continued strength in orders is a result of consumers looking to outfit themselves for experiences like back to school, back to in-office work and travel. But despite this demand, the impact of inflation is a top worry.

“We remain deeply concerned that persistently high prices — in our sector and throughout the economy — will begin to dampen consumer spending and harm American families,” Lamar said. “That is why, with consumers still being a driver for economic growth in our economy, we continue to push for the [Biden] administration to avail itself of all its own inflation-cutting tools, including relief from the high and regressive tariffs that are currently being charged on products in our industry.”

Alan Baer, CEO of OL USA, tells American Shipper the decrease in container volume is being seen.

“We are seeing drops by some customers from 30-50 FEU per week down to 10 FEU per week,” Baer said.

The squeeze is on. Time to pop that aspirin.
 

marsh

On TB every waking moment

Biden Energy Secretary Violated Federal Hatch Act When She Promoted Democrats: Special Counsel

THURSDAY, JUN 30, 2022 - 12:05 PM
Authored by Jack Phillips via The Epoch Times,

U.S. Energy Secretary and former Michigan Gov. Jennifer Granholm violated the Hatch Act when she endorsed the Democratic Party in her capacity as a federal official during an interview last year, said the U.S. Office of Special Counsel (OSC) this week.



Granholm, the OSC said, explicitly endorsed Democrats during an Oct. 6 interview in her official capacity as Secretary of Energy with Marie Clare.

“OSC has concluded that Secretary Granholm engaged in political activity when she gave this response promoting the electoral success of the Democratic Party,” Erica Hamrick, the deputy chief of the OSC’s Hatch Act Unit, told the Foundation for Accountability & Civic Trust in a response letter. The group requested that the OSC investigate whether she violated the Hatch Act after the interview was released.
“While she then attempted to backpedal by stating that she was using ‘Democrats as a substitute’ for certain policies, at bottom she told listeners that they needed to vote for Democrats so that more Democrats would be elected to pass the legislation they wanted,” Hamrick also wrote, according to several news outlets.
“Her attempt to backpedal does not change the meaning of her words or undo the fact that she was talking about the Democratic Party throughout her statement.”
The OSC, which is tasked with investigating possible Hatch Act violations, said that “Granholm has been advised that if in the future she engages in prohibited political activity while employed in a position covered by the Hatch Act, we will consider such activity to be a willful and knowing violation of the law,” reported the Detroit Free Press. Without elaborating, the office added that she did not have “significant” training on Hatch Act matters when she conducted the interview last year and has since received that training.

During her October 2021 interview with Marie Claire, Granholm was asked about how voters could become more involved in having specific policies addressed in Congress.
“The good news is that … voting gave Democrats a bare majority [in Congress],” Granholm said in response.
She then quickly went back on her statement, saying, “I am using Democrats as a substitute for the policies that you believe in, the policies that you would like to see happen.”
The Hatch Act, which was passed in 1939, prohibits federal government officials from partaking in activities that attempt to bring success or failure to a certain political party, a political candidate, or a political group when that person is on duty, in a federal room or federal building, using a federally owned or leased vehicle, or while wearing a uniform or wearing official insignia, according to the OSC’s website.

The Epoch Times has contacted the Department of Energy’s office for comment.

A spokesperson for the agency said that Granholm received the training since her interview.
“Secretary Granholm takes her ethics obligations seriously,” the spokesperson told Fox News. “And, she remains laser focused on delivering President Biden’s equitable clean energy agenda which will help lower energy costs for American families and enhance our nation’s security.”
 

marsh

On TB every waking moment

As G7 Quietly Shelves Russian Oil Price Cap Idea, Biden Will Beg Mideast Allies To Pump More

THURSDAY, JUN 30, 2022 - 09:45 AM
To be honest we haven't spent much time discussing the timesink idiocy of the Biden/G7 "Russian oil price cap" idea because well, it is idiotic as Rabobank explained...
The ‘oil cap’ is simple in theory: the G7 will refuse to provide insurance to any vessel that carries Russian oil unless the cargo is sold with an agreed price cap. Yet it won’t work and will just push oil prices higher. Russia will never agree. China and India will never agree either. Russia and China may offer their own underwriting services, which would force the West into physically blocking cargoes and confronting China - as a Russian-oil carrying ship is stopped in the US, says the Wall Street Journal. Plus, the G7 are already not taking Russian oil: they are taking Russian oil from India and China that is being on-sold.
... and it appears that finally even the dumbest people on earth, i.e. career politicians and economists, have figured it out.

Reuters reports that according to EU officials, the biggest price cap proponents - the governments of Germany and other European Union countries - voiced "caution" in a closed-door meeting about price caps on Russian oil, a day after the Group of Seven economic powers agreed to urgently start work on the matter,

Here is the truncated timeline for those who missed it: on Tuesday G7 leaders agreed to explore “the feasibility of introducing temporary import price caps” on Russian fossil fuel, including oil, and tasked ministers to evaluate the proposal urgently.

But just one day later, Germany’s envoy to the EU told his counterparts in a restricted meeting that the world should be “realistic” about the proposal, which he said was added to the G7 statement after “intense pressure” from Washington, according to one official who attended the meeting.

And then, the envoy also said an agreement on whether to apply caps was not expected to come anytime soon... or any time for that matter as it is impossible.

Then there are the holdouts: Hungary and Belgium also raised concerns at the meeting about the G7 statement on sanctions, the official said, with Hungary explicitly backing Berlin’s caution on oil price caps. A second EU official familiar with the talks confirmed that Germany and others had expressed wariness about oil price caps.

A German government official said on Thursday that “success of this plan depends on international cooperation", which is precisely what we said. Of course, neither China nor India will ever agree to cooperate with the G7 if it means losing out on access to extremely cheap oil (the alternative is Russia just halting exports and sending the price of oil to $200+).

Stefano Sannino, secretary general of the EU’s diplomatic service said on Thursday that a price cap would only be effective if universally applied, and so agreement would be needed across the G20 countries, not just the G7.

“You need to be sure you do not have distortion of trade and then the only thing that is happening is that essentially oil goes to other places with other carriers and insured by other companies - and so the price remains the same,” Sannino told an EU-UK Forum conference.

Hilariously, the world's most powerful - and stupid - people are still trying to come up with a price cap idea even as they are all facing an even worse fate in just 6 months: under already passed EU sanctions that will become effective in December, insurance and other financial services crucial for Russian oil shipments will be banned worldwide. Critics of this fear it could lead to higher global oil prices because of the key role EU companies play in shipping insurance, bringing a benefit to Moscow.

A cap, if agreed, would effectively make it possible for companies to trade Russian oil, instead of facing a total ban. However, the EU sanctions on Russian oil, which took weeks to agree, would have to be tweaked and reopening the debate on this measure could be controversial, officials said.

Indeed, as Rabobank cynically concluded, instead of buying Russian oil directly, European nations will instead buy Russian oil from India and China paying a much higher price in the process.

Meanwhile, realizing that his latest attempt to finally outsmart Putin has just gone up in a puff of crack cocaine smoke and his brilliant energy plan - perhaps concocted by Ukraine energy expert Hunter Biden - this morning Joe Biden turned his attention away from the economically impossible and toward diplomacy instead, and has set his sights on a promise of higher production from Gulf allies.

As discussed previously, Saudi Arabia and the United Arab Emirates are the only countries with significant spare capacity to pump crude, although as Reuters' John Kemp wrote, "it is unlikely to be much more than around 1 million barrels per day (bpd) based on historic production rates." Bloomberg added the following:
Aramco’s maximum capacity is a mystery because it hasn’t ever been tested for an extended period. In April 2020, Riyadh reported its highest ever monthly average, at 11.55 million barrels a day. Back then, Aramco briefly — for a few days, I hear — pumped 12 million barrels a day. Aramco executives, including Chief Executive Officer Amin Nasser, took selfies in front of a giant screen wall showing production hitting the record level. At one point, it surged to 12.3 million barrels. Smiles all round.
Behind closed doors, however, things were more complicated. In private, Saudi oil industry executives describe that effort as a real challenge and express concern about having to sustain that output. It’s one thing to briefly hit the target, quite another to keep pumping and pumping at that level for a year, the internal thinking goes.
In any casem without a pledge from the two OPEC members to boost production, the president would lose what may be his last tool for alleviating the economic and political pain caused by high fuel prices. That is, of course, unless Biden does the obvious thing and encourages more domestic production. But since the 79-year-old is being handled by a bunch of "green" puppetmasters, this has zero chance of passing.

As such, the coming trip to Saudi Arabia puts Biden in an awkward position, especially after he vowed during his campaign to make the kingdom a “pariah” over its human rights record. The president said he wouldn’t specifically ask Saudi King Salman or Crown Prince Mohammed Bin Salman to raise oil production when he sees them on July 16. The broader Gulf Cooperation Council, a forum of largely oil-rich countries along the Persian Gulf, is a more appropriate setting for such a request, he said.

“All the Gulf states are meeting. I have indicated to them that I thought they should be increasing production,” Biden said Thursday at a news conference in Madrid following a NATO summit. “I hope we see them, in their own interest, concluding that makes sense to do.”
View: https://twitter.com/i/status/1542505080380964865
3:28 min

And as noted above, even if Saudi Arabia and the UAE are willing to assist the US - which they aren't since the coming recession will likely send oil prices sharply lower - just how much extra oil the two countries could provide has been questioned by this week by Shell Plc Chief Executive Ben van Beurden and French President Emmanuel Macron. While official data indicates the duo have almost 3 million barrels a day of spare production capacity, deploying this would require them to pump at levels rarely sustained before, if ever.

To avoid humiliation, Biden has repeatedly said that his Mideast trip is about more than energy - he cited concerns over the war in Yemen, among other issues. But everyone knows what's the primary goal: the surge in gasoline prices in the US has added pressure on the president and Democrats heading into the November mid-term elections. In Madrid, Biden reiterated his view that the price increase is entirely due to “Russia, Russia, Russia” as a result of the war in Ukraine.

Biden said he sees a number of ways to alleviate some of those increases, including through a temporary repeal of the federal gas tax, a measure that would need congressional approval. But he also said that Americans may have to continue enduring higher-than-usual fuel prices for a time.

Separately, as reported earlier, on Thursday OPEC+ ratified their plan to boost oil production by a further 648,000 barrels a day in August, completing the return of supplies halted during the pandemic. The group, which is led by Saudi Arabia, deferred discussions about its next move for another day, with the next meeting scheduled for Aug. 3.

True to form, the US sees the OPEC+ supply hikes, which were expanded by 50% at the group’s previous meeting on June 2, as a first step that will be followed by a further production increase, Amos Hochstein, the State Department’s senior adviser for energy security, said in a Bloomberg Television interview on Wednesday. “Announcing additional supplies a few weeks ago was step one,” Hochstein said. “I’m very hopeful that you and I can have this conversation about step two sometime in the near future.”

The problem, however, as the chart below shows is that OPEC+ is simply incapable of pumping as much as it used to in the recent past due to lack of capital spending.



Oil fell after Biden’s comments, with West Texas Intermediate futures sinking 3.9% to $105.50 a barrel around 11am. We expect oil to resume its surge in the coming days.
 

marsh

On TB every waking moment

German Energy Giant Crashes On Russian NatGas Supply Crunch, Triggering Bailout Talks

THURSDAY, JUN 30, 2022 - 04:00 PM

Shares in German gas and power utility Uniper crashed, plunging as much as a fifth on Thursday after the company slashed its outlook and sought a possible bailout from the German government after Russia reduced natural gas deliveries to Europe, according to Financial Times.

Uniper said earnings before interest and taxes would be "significantly below" previous years, considering it only received 40% of the NatGas from Russia's Gazprom PJSC.

The recent decline in NatGas flows to Europe forced Gazprom's largest customer into covering purchases in spot markets at a massive premium versus its long-term NatGas contracts. At the same time, Berlin has capped the prices it charges households and businesses to control inflation, resulting in the utility losing tens of millions of euros a day (RBC and Citigroup analysts estimate the utility is losing 30 million euros per day) -- and the risk of the utility company imploding.

Bloomberg's Javier Blas said Uniper's NatGas losses could be a staggering 11 billion euros on a yearly basis if it has to continue buying on the spot market. He then pointed out that contagion risks could be emerging as other utilities are likely doing the same.
One number to consider. Uniper probably is paying currently ~€30 million extra for the gas it's buying in the spot market. Multiply that for 365 days: ~€11 billion. And that's one single European utility. Now think about other big buyers of Russian gas. And start multiplying. https://t.co/6hKzinI7Pw
— Javier Blas (@JavierBlas) June 30, 2022
"Uniper currently procures substitution volumes at significantly higher prices," Uniper said Wednesday, adding that since it "cannot yet pass on these additional costs, this results in significant financial burdens."

The Economy Ministry confirmed that Berlin and Uniper are discussing "stabilization measures." Uniper also said talks were underway with the government to secure liquidity which could include "equity investments" and an increase of a 2 billion euro credit facility with state-owned KfW bank.

News that Uniper is in dire straits sent shares down as much as 23% to five-year lows.


German Economy Minister Robert Habeck recently warned that declining NatGas from Russia could trigger a Lehman Brothers-like moment.

Since mid-June, Gazprom reduced NatGas deliveries through Nord Stream to Europe by 40% and blamed the decline on Canadian sanctions over the war in Ukraine, preventing German partner Siemens Energy from delivering critical overhauled equipment for a compressor station on the pipeline. The crunch is also impacting France, Italy, and Austria as NatGas prices have jumped more than 40% in the past two weeks.



John Musk, an analyst at RBC Europe Ltd., said the focus would be on contagion and if "other utilities with gas supply exposure" will be affected by the supply crunch.

The situation may worsen when Nord Stream halts Nord Stream flows for ten days in July for planned maintenance. There are mounting concerns Russia might not resume the pipeline to full capacity after the outage.

Habeck said last week Germany should prepare for further cuts. Europe's largest economy has declared the second "alarm stage" of its NatGas-emergency plan, allowing utility companies to pass on higher power prices to industry and households to curb demand.

"Europe should be ready in case Russian gas is completely cut off," IEA head Fatih Birol told FT News last week.
 

marsh

On TB every waking moment
3:42 min

Captain Mickey Shelton: This Is Political Theater
Bannons War Room Published June 30, 2022

Orders to fire National Guard for not getting vaxxed as of today. Pleas to TN Gov to intercede.

^^^^
Dr. Robert Malone: Armed Forces Are Removing Soldiers For Not Taking The Vaccine 9:19 min

Dr. Robert Malone: Armed Forces Are Removing Soldiers For Not Taking The Vaccine
Bannons War Room Published June 30, 2022

(Very rough notes: Dr. Malone cannot reconcile the data with the interests of public health. The only explanation he can find aligns with Archbishop Vigano's statement, which follows. He believes utilization of vaccines are a tool to see if a member of the armed forces will go along with anything the government wants them to do. )
 

marsh

On TB every waking moment

EXCLUSIVE: Steve Bannon Interviews the Heroic Archbishop Viganò
WarRoom.org

by EDITOR
June 30, 2022



Your Excellency, after the psycho-pandemic, we now have the Russian-Ukrainian crisis. Are we in “phase two” of one single project, or can we now consider the Covid farce to be over and concern ourselves with the increase in energy prices?

If in the last two years we had been faced with a true pandemic, caused by a deadly virus for which no other cures existed except for a vaccine, we would be able to think that the emergency was not intended. But this is not what happened: the SARS-CoV-2 virus is nothing but a seasonal flu that could have been cured with existing treatments and effective prevention based on strengthening immune defenses. The prohibition of treatment, the discrediting of the effectiveness of drugs that have been in use for decades, the decision to hospitalize the elderly who became sick in nursing homes and the imposition of an experimental gene treatment that has been demonstrated not only to be ineffective but also harmful and often fatal – all this confirms for us that the pandemic has been planned and managed with the purpose of creating the greatest damage possible. This is a fact that has been established and confirmed by the official data, despite the systematic falsification of that same data.

Certainly, those who wanted to manage the pandemic in this way are not disposed now to yield easily, also because there are billionaire interests behind all of it. But what “they” want does not always necessarily happen.

In your opinion, Your Excellency, was the pandemic managed in this way due to inexperience? Or was it due to the corruption of those in positions of control who are in a conflict of interest because they are paid off by the pharmaceutical industry?

This is the second element to consider: the response to the pandemic was the same all over the world, where health authorities slavishly adapted to health protocols that were contrary to the scientific literature and medical evidence, instead following the directives of self-proclaimed “experts,” who have a record of sensational failures, apocalyptic predictions completely divorced from reality, and very grave conflicts of interest. We cannot think that millions of doctors all over the world have lost their basic knowledge of the art of medicine, believing that a flu should be allowed to evolve into pneumonia and then be treated with tachypirin or by placing patients on ventilators. If they have done this, it is due to pressure – even to the point of blackmail – by health authorities over medical personnel, with the help of a scandalous campaign of media terrorism and with the support of Western leaders. Most of these leaders are members of a lobby – the World Economic Forum – that trained them and placed them at the highest levels of national and international institutions in order to be certain that those who govern would be obedient. Klaus Schwab has publicly boasted, on many occasions, of being able to interfere even with religious leaders. These too are documented facts in all the nations that followed the directives of the WHO and the pharmaceutical companies. There is clearly a single script under a single direction: this demonstrates the existence of a criminal design and the malice of its creators.

In some of your other statements, you have spoken of a “golpe bianco” (a “silent coup”).

A “silent coup” is a coup d’état that takes place without the use of force, carried out by a government that exercises power in an unconstitutional way.

In this case the coup was carried out in all the Western nations almost simultaneously, beginning with the first years of the 1990s. For Italy, this coup began with the divestment of investee companies and the privatization of services that normally burdened the treasury, such as health and transportation services, following the directives given by high finance to Mario Draghi on June 2, 1992, on the yacht Britannia. Yes, Mario Draghi, who at the time was General Director of the Ministry of the Treasury and whom then-President of the Italian Republic Francesco Cossiga called a “cowardly businessman.” In other nations this coup took place in an analogous way, with a series of progressive transfers of sovereignty to supra-national entities like the European Commission, the European Central Bank, the International Monetary Fund, and the World Bank. With the introduction of the euro [in 2002], monetary sovereignty was removed from the nations adhering to the Maastricht Treaty, transferring it to the European Central Bank, which is a private bank. This bank decides the rate with which it finances national budgets, using money that these same nations have already given it. In practice, the European Central Bank demands interest on money that it only returns a penny at a time, and only on certain conditions: reforms, cuts in public spending, the imposition of laws promoting gender equality, abortion rights, the indoctrination of children, etc. The introduction of a balanced budget requirement into the [Italian] Constitution – as if the State was a company – was also part of the silent coup.

All the members of these bodies, including the same rulers who have been appointed at the recommendation of non-elected powers or have succeeded in winning election thanks to the manipulation of information, are at the same time the servants of high finance power groups or of large investment funds – some were their employees, such as Draghi of Goldman Sachs – others became employees after their term ended. Just like the drug agencies and health organizations are composed of former BigPharma employees, who often receive consulting contracts and who are paid by the very pharmaceutical companies they are supposed to be keeping an eye on.

Up until the pandemic, power was in practice still managed at least formally by individual nations, and laws were passed by Parliaments. But for the last two years, the Parliaments have been deprived of authority, and all those whom the World Economic Forum and other lobbies have succeeded in placing at the high levels of governments and international institutions have begun to legislate against the Constitution and the interests of the Nation, obeying orders given to them from on high – “from the markets,” they tell us – which in fact is made up of a very small number of multinational corporations that engulf competing companies, flatten professional skills with damage to the quality of the product, and reduce the protection and wages of workers thanks to the complicity of unions and of the Left.

In short, we are governed by a high command of usurers and speculators, from Bill Gates who invests in large farms right on the eve of the food emergency or in vaccines just before the outbreak of the pandemic, to George Soros, who speculates on the fluctuations of currencies and government bonds and along with Hunter Biden finances a bio-laboratory in Ukraine.

To think that there is no relationship between the instigators of these crimes and those who carry them out at the highest levels of national governments, the EU, and the UN is a sign of bad faith, because even a child could understand that we are held hostage by a group of technocrats who are ideologically deviant and morally corrupt. The peoples of the world need to reclaim their sovereignty, which has been usurped by the globalist elite.

The instigators of this crime show themselves proudly at the Davos Forum, at meetings of the Trilateral Commission or the Bilderberg Group along with the rulers, prime ministers, directors of newspapers and television broadcasters, CEOs of social bankers and directors of social platforms and multinational corporations, bankers and directors of ratings agencies, presidents of foundations and self-styled philanthropists. All of these share the same agenda – which they publish on their websites – and are so confident in their own power that they affirm it with impunity – as Soros and Schwab have recently done – that it is necessary to create a narrative to be conveyed through the mainstream media, in order to make their decisions acceptable to the people. They embrace censorship and mass manipulation as instrumentum regni, and we have had proof of this both with the pandemic farce as well as with the pro-Zelensky propaganda in Ukraine.

We must understand that our rulers are traitors of our Nation who are devoted to the elimination of populations, and that all of their actions are carried out in order to cause the greatest amount of harm to citizens. It is not a problem of inexperience or inability but rather of an intentio nocendi – a deliberate intention to harm. Honest citizens find it inconceivable that those who govern them could do it with the perverse intention of undermining and destroying them, so much so that they find it very hard to believe. The main cause of this very serious problem is found in the corruption of authority along with the resigned obedience of those who are governed.

The Catholic Church also, beginning with the revolution of Vatican II and above all during the last nine years of the Bergoglian “pontificate,” has experienced the same cognitive dissonance: the faithful and the Clergy have resigned themselves to obeying mere cynical officials – who are no less corrupt and perverted than their counterparts in the deep state – although it has been evident that the purpose of the alleged “reforms” has always been the systematic destruction of the Church by its highest leaders, who are heretics and traitors. And I note that the deep church has had recourse to the same false arguments in order to pass off the doctrinal, moral, and liturgical dissolution: first of all, the false contention that those reforms were requested “from the ground up” and not imposed with force from on high. Just like the reforms planned by the World Economic Forum, the Bilderberg group, and the Trilateral are adopted by their infiltrators in the highest levels of nations and international organisms, making it appear that their plans are ratified by popular consent.

And what do you advise, Your Excellency, to get out of this dead end?

Respect for authority is connatural to civilized man, but it is necessary to distinguish between obedience and servility. You see, every virtue consists of the just mean between two opposite vices, without being a compromise, but also as the peak between two valleys, so to speak.

Disobedience sins by falling short, not wanting to submit to a good order of a legitimate authority; servility on the other hand sins by excess, submitting to unfair orders or orders given by an illegitimate authority. The good citizen should know how to disobey civil authority, and the good Catholic how to do the same with ecclesiastical authority, disobeying whenever the authority demands obedience to an iniquitous order.

Doesn’t such talk seem to be a bit revolutionary, Your Excellency?

Far from it. The anarchists and courtiers both have a distorted concept of authority: the former deny it while the latter idolize it. The just mean is the only morally viable way, because it responds to the order that the Lord has imprinted on the world and that respect the celestial hierarchy. We owe obedience to legitimate authority in the measure in which its power is exercised for the purposes for which authority has been established by God: the temporal good of citizens in the case of the State and the spiritual good of the faithful in the case of the Church. An authority that imposes evil on its subjects is for that very reason illegitimate and its orders are null. Let’s not forget that the true Lord from whom all authority comes is God, and that the earthly authority – civil as well as spiritual – is always vicarious, that is, it is subject to the authority of Jesus Christ, King and High Priest. Setting up the vicarious authority of rulers in the place of the royal authority of the Lord is a mad gesture and – yes – revolutionary and rebellious.

What does the elite want to obtain? It promises us peace, security, prosperity, and work, but there are more than fifty armed conflicts currently taking place in the world; our cities are unlivable, full of criminals, immersed in decay and dominated by minorities of deviant people.

This is the third indisputable element that should not be overlooked: the pandemic was planned as an instrument for the establishment of a totalitarian regime, conceived by unelected technocrats who are devoid of any sense of democratic representation.

The same thing is happening with the Ukraine crisis: the majority of citizens is absolutely not in favor of sending weapons to Ukraine and imposing sanctions against the Russian Federation, and yet heads of government act as if they have the complete support of their own nations, supported by embarrassing falsifications of reality by the mainstream media. And in certain countries such as Italy, this is taking place in a situation of disturbing complicity by all the powers of the State, both in legitimizing the violation of fundamental rights under the anti-Covid regulations as well as in ratifying participation in a conflict even though there was never any deliberation about entering it by the Italian Parliament, and which even the President of the Republic, the guarantor of the Constitution, approves and encourages, to the applause of European technocrats. In this case too, those who govern are neither obeying the will of the people not pursuing the common good, but rather following orders handed down to them from supranational entities with their own interests, which we know are subversive.

When they speak of “transformation of goods into services,” of “sharing economy” through the digital sector, they intend to expropriate private property from citizens: “You will own nothing and you will be happy.” And when they impose the privatization of state goods or services, they want to appropriate the profits while leaving the costs on the shoulders of the community. But since not all countries are willing to do this “reset,” they are forcing them to accept it by provoking economic crises, pandemics, and wars. This is high treason and subversion.

The premeditated nature of this subversion is blatantly clear, as is the awareness of the disastrous consequences of the social, economic, and health decisions that have been made both with regard to the pandemic as well as the Ukraine crisis. Bergoglio has also admitted it: a head of state revealed to him, months before Putin’s military operation in Ukraine, that NATO and the European Union are deliberately provoking the Russian Federation, after having ignored for years the ethnic cleansing carried out by Kiev against the Russian-speaking minority in Donbass and the Crimea. The purpose of this provocation was to spark a conflict that would provide a cover to legitimize imposing sanctions against the Russian Federation and force Western nations to undertake the “green transition.” And at the same time, it would prostrate the economy of nations to the advantage of a few international investment funds and market speculation. In essence, the same premises are given that were made to justify the Enclosure Acts in England and later the Holodomor in Ukraine in order to transform the peasant masses into low-cost labor for the industrialization of the large cities. If war was to be avoided, NATO should not have been enlarged in violation of the treaties, and protection should have been assured for the Russian-speaking minority in Ukraine, as called for by the 2014 Minsk Protocol.

If this has not been done, it is because the real purpose that they have wanted to achieve has nothing to do with the apparent purpose they have publicly declared. And I note that these are not abstract speculations but concrete facts that were anticipated and planned decades ago by Great Reset theorists, with the aim of forcing a social change that nobody wants, making the economy and finance of the Western world start over from scratch – just like one restarts a computer.

The fact that this causes misery, bankruptcy, the failure of businesses, unemployment, social instability, and the widening of the gap between the rich and poor, the decline of the birth rate and the reduction of essential services is considered a negligible detail, with the sole concern of indoctrinating the masses with false arguments in favor of war or the control of every detail of people’s lives, criminalizing whoever dissents and pointing to them as the enemy of the people. It seems to me that this narrative is sinking under the weight of the lies of the elite and its accomplices.

Part 1 of 2
 

marsh

On TB every waking moment
Part 2 of 2

Could you give us an example, Your Excellency?

The most obvious example is discovering that Richard Kalergi, one of the founding fathers of the European Union, wanted to pursue social engineering policies aimed at modifying European national societies through immigration and cross breeding, driving migration waves with the attractiveness of cheaper labor costs. Seeing the wicked obstinacy with which the waves of illegal immigrants continue to be welcomed, even when the impact that this phenomenon has on the safety of cities and on the general crime rate and the identity of national populations is obvious, demonstrates that the initial plan has been realized for the most part, and that action must be taken to prevent it from being completed.

And yet these are not things that are happening by chance: they have told us so.

You are absolutely right: what baffles me is noting with what impudence the proponents of the Agenda 2030 have told us well in advance which criminal projects they intended to impose on us against our will; despite this evidence, there are those who amazed that after years of unstoppable infiltration they are actually realizing their plans right in front of our eyes even as they accuse us of being “conspiracy theorists.” There is definitely a conspiracy, but the ones who must be put on trial are the ones who have carried it out, not those who denounce it.

Joe Biden lays responsibility for the crisis at the feet of Vladimir Putin. Do you agree with this judgment?

Americans are well aware that the price of gasoline had risen well before the Russian-Ukrainian crisis, and further increased due to sanctions – real or alleged – of the international community against the Russian Federation. Today we know that sanctions – as was foreseeable – have not affected Putin in the least, but the motive behind them is that they were supposed to strike Western nations, and in particular the nations of Europe, in order to provoke an economic and energy crisis by means of which to legitimize the ecological transition, rations, population control, and the censorship of information.

Putin did not take the bait offered him by the provocations of the deep state, limiting himself to intervening only as necessary to give security and protection to Russian-speaking Donbass.

And he stormed the Azovstal steel plant, which hid one of the secret American biolabs that produced bacteriological weapons and carried out experiments with SARS-CoV-2. On the other hand, the Biden family had every interest in a having a war in Ukraine, in order to cover up the corruption cases involving Hunter Biden and to distract people from the impending scandals looming over Obama and Hillary Clinton for Russiagate and over the deep state for the electoral fraud carried out against Trump.

The US proxy war against the Russian invasion is in reality a war of the deep state against a nation that has refused to accept being engulfed by the delusions of globalist technocrats and that today has proofs of the crimes committed by the deep state. But while the EU can blackmail European nations, tying the disbursement of funds and interest rates on loans to the implementation of “reforms” – since these nations have limited monetary and fiscal sovereignty – the same is not true for Russia, which is a sovereign and independent nation, as well as self-sufficient in terms of raw materials, energy, and agricultural food resources.

Is this bipolar vision, which re-proposes the Cold War confrontation between the USA and the USSR, no longer valid?

The hegemonic Left has established a Manichean division between good and evil: left vs. right, liberalism vs. fascism, globalism vs. sovereignism, vaccinism vs. No-vax. The “good guys” are obviously those on the left: liberal but supportive, globalist, inclusive, ecumenical, resilient, and sustainable. The “bad guys” are just as obviously patriots, Christians, right-wingers, sovereignists, and heterosexuals.

What distinguishes the current structure of Western countries from the past?

The fusion of the worst of liberalism with the worst of collective socialism. Today we see, after two years of the pandemic farce, how globalist liberalism has made use of communist and dictatorial methods to impose itself with its Great Reset, and how the communist regimes are using liberal methods to enrich the upper echelons of the party without losing total control over the population. This demonstrates that the geopolitical balance is shifting towards a multi-polar vision and that bipolarism fueled by the deep state is in decline.

Is there any analogy between what is happening in the Catholic Church under the pontificate of Jorge Mario Bergoglio?

The deep church is an offshoot of the deep state, in a certain sense. For this reason it should not surprise us that we are witnessing the demolition of Faith and Morals in the name of ecumenism and synodality, applying liberal errors in the theological sphere; and on the other hand the transformation of the Papacy and the Roman Curia into a politburo in which ecclesiastical authority is both absolute and also released from its fidelity to the Magisterium, following the modalities of the exercise of power in a communist-type dictatorship. The law is no longer founded on Justice but rather on the convenience and utility of those who apply it: it is enough to see how harshly the clergy and faithful who are traditional are treated by the Vatican, and on the other hand with how much indulgence the Vatican praises notorious pro-abortion activists (I am thinking of Biden and Pelosi among the most striking cases) as well as the propagandists of LGBTQ ideology and gender theory. Here too, liberalism and communism have formed an alliance to demolish the institution from within, just as has happened in the civil sphere. But we know that contra legem fit, quod in fraudem legis fit – that which circumvents the law is done against the law.

Your Excellency, how do you think things in the United States can change in the near future?

The eventual return of Donald Trump to the White House would allow for real peace negotiations, once the deep state has been eradicated from the Administration and government agencies. But the reconstruction will certainly require the collaboration and sacrifices of everyone, and a solid spiritual vision that inspires the reconstruction of the social fabric. If all of this has happened through the demonstrated electoral fraud of the last Presidential election, Trump’s victory would be even more striking and would have strong repercussions on the ramifications of the deep state in Europe and in particular in Italy.

In any case, the mid-term elections could allow the Republicans to have a majority in the House and in the Senate, once the servants of the deep state – including first of all the “neo-cons” – have been ousted.

The failure of the effort to blame Trump for the farce of the assault on the Capitol ought to dissuade its organizers – among whom we cannot fail to number Nancy Pelosi – from trying to replicate the scene next fall, which would fall into the grotesque, in addition to being a case of déjà vu.

So has the Great Reset failed? Can we sing a victory song?

A victory song can be sung only when the war has been won. The Great Reset is ontologically destined for failure, because it is inspired by inhuman and diabolical principles. But its end, however inevitable, may still take some time, depending on our capacity to oppose it and also what is contained in the plans of Divine Providence.

If the Lord wants to grant us a truce, a period of peace after we have understood how horrible is the hell on earth that the enemies of God and man desire, then we must commit ourselves to rebuild – not “build back better” but just the opposite – yes, rebuild what has been destroyed: the family, the bond of marriage, the moral education of children, love for our country, dedication to hard work, and fraternal charity, especially towards those who are the most defenseless and needy. We must reaffirm the holiness and untouchable sanctity of life from conception to natural death; defending the complementary nature of the two sexes against the insanity of gender ideology, protecting children from corruption and guaranteeing the innocence to which they are entitled. We must finally set aside the logic of profit – which is typical of the liberal mentality – in order to regain the pride of fulfilling our duty even when no one is watching us, of producing what we make in a professional mannerand selling it at an honest price. And we must stop considering ourselves inferior simply because someone has decided that in their godless model of dystopian society being honest, loyal, sincere, and God-fearing is something to be ashamed of. The ones who ought to be ashamed, rather, are those who call for the killing of children and the elderly, the planned extermination of the population through wicked vaccine campaigns, mass sterilization, sodomy, pedophilia, and all the most deviant aberrations.

Your Excellency, do you believe that the world can return to God?

The world can and must return to God: this is a necessity dictated by the divine order that the Creator has imprinted on creation. It must return to God, because only where Christ reigns can there by true justice and true peace. And the world can do this, but not in a collectivist or communitarian vision in which individuals disappear into the mass, but rather in a personal and individual vision, in which each one of us freely recognizes that nothing can be better than what Our Heavenly Father has prepared for us, since He loves us and wants to make us sharers in His glory.

If we all return to God, our Nations will also recognize His Lordship and will conform their laws to His Law. Let us pray therefore that what the Psalmist sings may be realized: Laudate Dominum omnes gentes; laudate eum omnes populi (Ps 116:1)– Praise the Lord, all you nations, praise him all you peoples. Quoniam confirmata est super nos misericordia ejus; et veritas Domini manet in æternum (Ps 116:2) – For his Mercy is confirmed upon us, and the Truth of the Lord remains forever.

+ Carlo Maria Viganò, Archbishop
21 June 2022, Saint Aloysius Gonzaga
 
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marsh

On TB every waking moment
6:18 min

Ben Harnwell: The Covid Pandemic Was “Planned and Managed”
Bannons War Room Published June 30, 2022

(Harnwell : Comments on Vigano interview. 2 thoughts he picked out:

(1)..."The prohibition of treatment, the discrediting of the effectiveness of drugs that have been in use for decades, the decision to hospitalize the elderly who became sick in nursing homes and the imposition of an experimental gene treatment that has been demonstrated not only to be ineffective but also harmful and often fatal – all this confirms for us that the pandemic has been planned and managed with the purpose of creating the greatest damage possible"...

(2) ...."We must understand that our rulers are traitors of our Nation who are devoted to the elimination of populations, and that all of their actions are carried out in order to cause the greatest amount of harm to citizens. It is not a problem of inexperience or inability but rather of an intentio nocendi – a deliberate intention to harm. Honest citizens find it inconceivable that those who govern them could do it with the perverse intention of undermining and destroying them, so much so that they find it very hard to believe. The main cause of this very serious problem is found in the corruption of authority along with the resigned obedience of those who are governed."
 
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marsh

On TB every waking moment
Russ Vought: We’re In A Recession And We’re Looking At Another Tough Quarter 6:22 min

Russ Vought: We’re In A Recession And We’re Looking At Another Tough Quarter
Bannons War Room Published June 30, 2022

(Vought: (prior OMB) Remain in Mexico was one of the major deterrents to quash the magnets to draw immigrants. Chief Justice Roberts made a Republican Admin go through all sorts of hoops but allows a Progressive Admin to do what it wishes.

Bannon: Biden Admin has said they want to combat inflation by bringing in cheap labor.

Vought: Invasion strategy to get Republican Governors to give rules of engagement to LE to return immigrants across the border.

The reality is that we are in a recession. We are going to have another negative quarter in the next few months. They are also considering getting rid of the Section 301 Trump tariffs on China as an "inflationary fix." The Biden Admin is not going to do what it should do to slow the spending down, open up the economy, open up energy exploration, insure the border is secured. They don't have a plan at all. So the FED is going to have to continue its aggressive action.
 
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marsh

On TB every waking moment
Todd Bensman: What Comes Next Since We Lost Remain In Mexico 5:38 min

Todd Bensman: What Comes Next Since We Lost Remain In Mexico
Bannons War Room Published June 30, 2022

(Rough notes: Bensman: Biden Admin has only put 7,000 back since he was required to do it in Dec.- about 1 day's worth of detention. If it had been enforced, as with Trump, it would have deterred people from even coming.

One silver lining in the ruling, if we get a Republican Admin Remain in Mexico can be reinstituted without any problem. Currently, Sheriff Coe is pushing immigrants back over to Mexico on the bridge and the Biden Admin has not stopped him.

About 100 jihadis have been caught during the last year trying to cross the border.)
 

marsh

On TB every waking moment
5:53 min

SCOTUS Gives The Green Light To Biden’s Border Invasion
Prime Time with Dr. Gina Published June 30, 2022
#SCOTUS ruled against #bordersecurity today by allowing the Biden Admin to stop enforcing the Trump-era ‘Remain in Mexico’ policy. #BidenBorderCrisis

Ben Bergquam and Todd Bensman join Dr. Gina with their reactions.
 

marsh

On TB every waking moment
7:33 min

Facts Matter: Deaths Are Up 40% Among Working People
Sunfellow on COVID-19 Published June 30, 2022

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Lincoln National press release states

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However, other insurance companies reporting similar results:

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Lincoln National is a fairly large life insurance company that’s so old that when it was started, the founders actually asked Abraham Lincoln’s son whether it was okay to use his father’s likeness in their company branding. He agreed, and over the past 117 years, Lincoln National has grown to be the fifth-largest life insurance company in America. However, things aren’t so hot right now for the life insurance business -- evidenced by the fact that in 2021, Lincoln National reported a 163 percent increase in death benefits that were paid out under their group life insurance policies...

Original YouTube Video:
View: https://www.youtube.com/watch?v=Sp8ciwi0CL8


Life Insurance CEO Reveals Deaths Are Up 40% Among Working People: "Just unheard of” | Facts Matter
 

marsh

On TB every waking moment
13:04 min starts at 1:18 min

The Biggest Supreme Court Case Was Decided Today
Americas Voice Live Show Published June 30, 2022

You may have thought the biggest Supreme Court case this term was striking down #RoeVWade — but there was actually a bigger one, with more consequence.
 

marsh

On TB every waking moment
Hungarian MP Links Drastic Fall in Birth Rates to Mass 'Vaccinations' Against Covid 1:36 min

[EU] Hungarian MP Links Drastic Fall in Birth Rates to Mass 'Vaccinations' Against Covid
RAIRFoundationUSA Published June 30, 2022

(no summary given)

^^^^


MEP Warns: 'EU is Planning the Africanization of Europe' (Video)
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President of the European Commission (EC) Ursula von der Leyen is promoting the “Africanization” of Europe, warned German MEP Gunnar Beck. In a shocking report, he reveals the EC’s plans to replace the population of Europe with African asylum seekers. As Bech explains, “This will include war and climate refugees, which just about includes the entirety of Africans — all the way to Botswana in South Africa.”

Watch Beck’s powerful testimony which has been exclusively translated by RAIR Foundation USA:

[EU] MEP Warns: 'EU is Planning the Africanization of Europe' (Video)
Screen-Shot-2022-06-30-at-10.54.29-AM-1200x630.png


President of the European Commission (EC) Ursula von der Leyen is promoting the “Africanization” of Europe, warned German MEP Gunnar Beck. In a shocking report, he reveals the EC’s plans to replace the population of Europe with African asylum seekers. As Bech explains, “This will include war and climate refugees, which just about includes the entirety of Africans — all the way to Botswana in South Africa.”

Watch Beck’s powerful testimony which has been exclusively translated by RAIR Foundation USA:

MEP Gunnar Beck Warns: 'EU is Planning the Africanization of Europe' 5:53 min

Video Transcript
This is a grotesque attempt to falsify history and politically dictate a curriculum that will brainwash our students.

What’s happening in the EU Parliament? Gunnar Beck, over to you in the EU Parliament.
Hello ladies and gentlemen, dear viewers. Ursula von der Leyen is planning the Africanization of Europe. This claim is neither fantasy nor is it populist fear-mongering, as the EU’s Vice President Reiner Wieland accused me of on May 15th in Strasburg. Actually, this is the only logical conclusion of Mrs. Von der Leyen’s migration policy since she took office three years ago.
Even during her acceptance speech in parliament, she made it clear.

She declared Africa to be her favorite partner in the future. Naming them in English “The EU’s preferred partner” or “Partner of choice.” In March 2020, Mrs. Von der Leyen published her newest Africa strategy.

The paper is, for the most part, a grotesque distortion of reality, in which Africa, with its population of 1.4 billion, will morph into a gigantic Silicon Valley in the future. This will be driven by Africa’s dynamic African women and the exploding younger population, compensating for waning demographic development in Europe.

According to Mrs. Von der Leyen’s paper, this creates great opportunities for Europe. For this reason, the EU Commission suggests a comprehensive migration and mobility partnership with two primary goals.

First, the EU will strengthen efforts and develop more infrastructure to receive even more African Asylum seekers. This will include war and climate refugees, which just about includes the entirety of Africans — all the way to Botswana in South Africa.

Secondly, improving educational and vocational opportunities for Africans. However, not in Africa. This will be done in Europe.

The reasoning for increased immigration from Africa was already established in 2019 due to the collective guilt that all Europeans owe all Africans. This is the core idea of the so-called Resolution of the European Parliament on Fundamental Rights of African People in Europe from 2019. Then up until the present, evenly distributed unconditional collective guilt is founded on centuries of mistreatment and disregard.

The following are my observations:
First, mistreatment due to slavery and colonialism is, to some extent, undeniable, but it is by no means obvious which African’s lives were worsened by colonization and which actually improved as a result of decolonization.

It is indisputable that the crime of slavery was practiced not only by Europeans, but Arabs also enslaved Africans, and the Romans enslaved Germanic peoples. The Turks also enslaved other peoples and so on and so on. German people aren’t demanding compensation from today’s Italians for being enslaved, and no one is demanding reparations from Arab states.

Secondly, the EU Commission accuses Europeans of being contemptuous, and I quote, “of the tremendous achievements and positive contributions by Africans to our culture and civilization in Europe.” This argument makes everything immediately obvious.

It’s quite clear to us all that ancient philosophy, the sacred Gothic buildings of the Middle Ages, as well as the palaces of the Renaissance and the High Baroque, our literature and the modern sciences and classical music from Gregorian chant to Bach and Beethoven and into the 20th century are all achievements that we owe primarily to people of African descent.

Therefore, the commission calls on the member states, and I quote, “to take into consideration that people of African descent over the course of history have contributed significantly to the construction of European society and therefore the history of people of African descent must be included in school curricula and black history months introduced;” end of quote. So you can already see where this is headed.

This is a grotesque attempt to falsify history, which is intended to brainwash our students by means of politically dictated curricula.

Only those who are convinced that dozens of millions of Africans have been living among us since the Middle Ages will be permitted to graduate from high school.

Migration, as Mrs. Von der Leyen has said several times in the EU parliament, meaning mass migration, is, and I quote: “completely normal.”

The fact is, migration is NOT normal. Sedentariness is. Even today, 98% of the world’s population is sedentary.

Thank you for your interest and for watching. Gunnar Beck from Strasbourg.
 

marsh

On TB every waking moment
Biden’s Policies Are Projecting American Weakness Across The Globe 2:08 min

Biden’s Policies Are Projecting American Weakness Across The Globe
Real America's Voice - Special Events Published June 30, 2022

Rep. Tenney: “We are in freefall when it comes to foreign policy. Joe Biden is projecting weakness on every level across the globe.”

^^^^
Rep. Jim Banks: 'The World Is On Fire Because Of The Weakness Of This President' 1:49 min

Rep. Jim Banks: 'The World Is On Fire Because Of The Weakness Of This President'
Real America's Voice - Special Events Published June 30, 2022

Rep. Jim Banks: “We are so weak at home, because of the economic policies of this administration, that we can’t be the leader around the world that America is expected to be.”
 
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