GOV/MIL Main "Great Reset" Thread

marsh

On TB every waking moment

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Elites Meet to Plan Your Health: The Role of the Council on Foreign Relations

BY KILEY HOLLIDAY MAY 18, 2022 HISTORY 11 MINUTE READ

The grisly Shanghai lockdown, now entering its eighth week, has forced a reckoning among members of Democratic America’s expert class—even if very few are willing to publicly admit it.

Liberal media outlets like the New York Times, which depicted China’s draconian Zero Covid strategy as commendable in early 2021, are now rightly identifying the collateral damage that results when a government prioritizes Covid prevention above all else.

Democratic leaders and their accomplices in media and the academy, however, have yet to concede that non-pharmaceutical interventions (NPIs) were tremendously damaging to our society and ineffective in terms of quelling the virus. Instead, they are trying to save face and maintain the legitimacy of the isolate-vaccinate paradigm, while adroitly distancing themselves from Xi Jinping’s brand of containment.

This tactical retreat is especially conspicuous among the scholars affiliated with the Council on Foreign Relations (CFR), an American think tank with locations in New York and Washington DC.

In early April of this year, CFR senior fellow Yanzhong Huang published an opinion piece for CNN entitled “Why Xi Can’t Quit Zero Covid,” criticizing the shortsightedness of the Chinese Communist Party (CCP) for its unwavering commitment to lockdowns despite their obvious societal harms. Though he lists the unfortunate “ripple effects” of China’s lockdowns, such as shortages and delayed medical care, Huang stops short of identifying these problems as intrinsic to the NPI method of disease containment. Rather, he maintains that because of their dysfunctional political system the Chinese have become overzealous: they’re separating families and killing pets!

Huang is also careful to blame the chaos in Shanghai on China’s decision to put vaccination “on the back burner”—an odd statement given that Huang’s own report for CFR, published in January 2022, asserts without a hint of skepticism that the Chinese have vaccinated 85% of their population. In the same report, Huang faults the CCP, not for locking down the city of Wuhan, but for not doing so soon enough. In other words, according to Huang, lockdowns are a good tool, but the CCP is a bad mechanic.

Months earlier, Huang sounded even less critical of China’s Covid strategy. In a September 2021 piece, authored by CNN reporters Nectar Gan and Jessie Yeung, Huang described a new, AI-powered quarantine complex in Guangzhou as the epitome of modern hygiene. “It’s arguably the most state-of-the-art quarantine center in the world, if you will—very high tech, very sophisticated,” he gushed.

CNN’s Gan and Yeung do not question why a CFR scholar would use such glowing language to describe a quarantine camp built by a totalitarian government known for its abysmal human rights record and penchant for high-tech surveillance. Nor do they explain what CFR does or how the institution figures into U.S. history. CNN readers can safely assume that CFR and its fellows support the practice of detaining individuals for several weeks under the auspices of public health.

A quick search of the Council’s website reveals that no one affiliated with the organization criticized the draconian lockdowns in Australia and New Zealand, which also involved forcibly detaining people and shutting down entire cities in response to small outbreaks. A CFR blog post from May 2020 praised the Antipodean nations for having the most successful Covid response—a position more recently touted by Bill Gates.

One is left to conclude that culling domesticated animals and separating infants from their mothers is where CFR and Democratic media are willing to draw the line and admit that a heretofore-wise lockdown has become unreasonable. Meanwhile, they still treat business closures, mask and vaccine mandates, and putting millions on house arrest until they’re vaccinated as legitimate public health measures.

This is testament to how far the Overton window has shifted in the direction of biomedical authoritarianism. Many Americans aren’t especially disturbed by the loss of rights we took for granted until the spring of 2020—the right to work and operate a small business in person, to send our children to public school, and to breathe and speak freely in public without being encumbered by a face covering. We’re being nudged to feel grateful that the U.S. government is not as extreme as China’s with respect to Covid prevention. Our pets are safe and we won’t be forced into quarantine camps. How did we get here?

Those of us familiar with the heterodox Covid discourse have undoubtedly heard of the World Economic Forum (WEF). Klaus Schwab, the Great Reset, digital IDs, etc.—the organization is the subject of numerous tweets and articles challenging the brave new world envisioned for us by advocates for a ‘woke’ technocratic kleptocracy. But when it comes to the Council on Foreign Relations, we hear relatively little, even though CFR is a venerable American institution with highly influential members who have big ideas about how the world should work.

CFR’s current board of directors reads like the guest list for an ultra-exclusive Davos mixer:

David Rubenstein of the Carlyle Group; Laurence Fink of BlackRock; Laurene Powell Jobs, owner of The Atlantic and one of the world’s wealthiest women since the death of her husband (founder of Apple); Jami Miscik, a former CIA analyst who is now CEO of Kissinger Associates; Fareed Zakaria, CNN host and editor of Time magazine; Ruth Porat, CFO of Google and Alphabet; and Sylvia Mathews Burwell, president of American University and former CEO of the Bill and Melinda Gates Foundation; among others.

The Council also offers fellowships in fields ranging from foreign policy to global health.

Thomas J. Bollyky is the director of CFR’s global health program and a senior fellow. Bollyky is also the founder and managing editor of Think Global Health, a CFR collaboration with the Institute for Health Metrics and Evaluation (IHME) funded by Bloomberg Philanthropies, which launched in January of 2020. As some might remember, IHME produced some of the direst Covid projections in the spring of 2020 and recommended NPIs across all populations to reduce deaths. It receives core funding from the Gates Foundation.

Other CFR global health fellows include David P. Fidler, who specializes in cyber security and has served as a legal consultant to the World Bank and the WHO; Tom Frieden, former CDC director under Barack Obama; and Luciana Borio, former VP at In-Q-Tel, a strategic investment firm that provides technology solutions for the CIA.

Surely an organization propped up by this cast of characters deserves public scrutiny—especially since CFR endorsed a Covid containment strategy that brought about the largest upward wealth transfer in history and restricted the freedom of average Americans in unprecedented ways.

At the very least, understanding the history and scope of “the ultimate networking and socializing institution of the U.S. ruling class”—as historian Laurence Shoup has described it—can shed light on the evolving motivations of the people who have an outsized say in determining our national priorities and shaping the dominant media narrative.

Founded in 1921 by proponents of Wilsonian internationalism, the Council on Foreign Relations brought together government officials, business leaders, intellectuals, and international lawyers who shared a bipartisan interest in supporting military preparedness and advancing U.S. corporate interests abroad. Elihu Root, a prominent Republican and advocate for American imperial expansion, served as CFR’s first honorary president. John Davis of West Virginia, a former Democratic Congressman turned Wilson’s Ambassador to the UK, served as its first president.

By 1922, with the help of founding member Edwin F. Gay, economic historian and former dean of Harvard Business School, CFR raised $125,000 to launch Foreign Affairs. The publication soon became the most respected American periodical concentrating on foreign policy. In the 1930s the Council received generous grants from the Rockefeller and Ford Foundations and the Carnegie Corporation.

What started out as an organization designed to combat isolationism and further American business interests soon came to double as a kind of fraternity for high-powered men in U.S. intelligence. John Foster and Allen Dulles—who shaped America’s Cold War policies in the State Department and the CIA, respectively—played an integral role in establishing CFR as an institution with international scope during the 1930s and ’40s. In addition to Allen Dulles, CIA directors John A. McCone, Richard Helms, William Colby, George H.W. Bush, Robert Gates, George Tenet, David Petraeus, and William J. Burns (Biden’s CIA director) have all been CFR members or directors.

As one might guess based on its historical roster of members, CFR has always been an anti-populist organization. Council members and fellows specialize in a rhetorical sleight of hand by which they identify ruling class interests as synonymous with the greater good. They do this without mentioning the conflicts of interest that render them ill equipped to make unbiased, ethical decisions regarding what’s best for non-elites.

Throughout the 20th century, however, members maintained a degree of nationalism and professed a commitment to promoting American values abroad—often to the benefit of what President Eisenhower called the Military Industrial Complex (MIC).

Following the end of the Cold War, U.S. power dynamics shifted and the composition of CFR began to reflect those changes. Over the last two decades, the Council has become more diverse and boasts more members with ties to Big Tech. CFR has also embraced the individuals and ideas associated with the globalist philanthropy trend made famous by the Gates Foundation and the Clinton Global Initiative.

In 1997, Samuel Huntington coined the term “Davos Man” to describe a new type of elite who is more loyal to his international peers (and financial interests) than to his own country. These global citizens are ostensibly concerned with solving the world’s problems through philanthropic endeavors, and yet their meddling often produces unanticipated catastrophes for the very people they are trying to help. As more Davos Men wrangled control of the Council, the organization focused on raising significantly more money to fund new programs and a range of research projects, thereby swelling their technocratic ranks.

In 2004, the Gates Foundation gave CFR a generous grant to start a global health program. Science writer Laurie Garrett, who in 2018 asserted that masks only work because they make citizens afraid to approach each other, served as CFR’s first global health fellow. One might wonder why CFR chose a journalist to head a health program, but journalists from legacy media have played an important role at CFR for decades. This speaks to an institutional awareness of how media function as a public relations instrument for any campaign, whether it’s a foreign intervention or a new public health paradigm.

Launching CFR’s global health program provided Gates with the opportunity to market his brand of disease prevention to an audience of America’s most powerful people in business, media, law, and government—to convince these people that his vision of global health should be a national priority. And we have seen the results firsthand. Politicians and journalists now tout authoritarian public health interventions as pro-science and the epitome of selflessness; and they are loath to acknowledge their harms.

Gates, a software mogul now in the vaccine business, frequently appears on televised news to offer policy prescriptions and journalists refrain from raising questions about his conflicts of interest. CFR speakers, while belatedly conceding that perhaps we shouldn’t have closed schools, are still advocating for masks and calling for more centralized government control of public health, including surveillance powers.

In 1961, President Dwight Eisenhower gave a farewell address that has come to be known as the Military-Industrial Complex Speech. In that speech, he asserted that although the U.S. will continue to face daunting challenges, we must resist the “recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties.” He famously went on to warn Americans of the growing power of the defense industry.

What is less known is that he also emphasized “the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.” This is what we are now facing.

Champions of the ruling class are fond of dismissing their critics as conspiracy theorists and rubes. In his 2008 book Superclass, CFR member and Davos attendee David Rothkopf argues that while power is concentrated in the hands of a relatively small number of extraordinary, accomplished (i.e., deserving) individuals worldwide, they do not engage in conspiracies against the masses. Rothkopf claims this is because these individuals sometimes have competing interests and do not possess the wherewithal to cooperate long enough to launch a conspiracy—a term he fails to define.

This was perhaps a more persuasive line of reasoning at the end of the George W. Bush administration when politicians, journalists, and business leaders were actively disagreeing about the legitimacy of the Iraq War and liberal critics were turning towards globalism to save the day.

It is less convincing two years into a program of pandemic mitigation that turned Covid prevention into the new organizing principle for society—one that has closed public schools, destroyed small businesses, and enriched those associated with institutions like CFR—all ostensibly to arrest a virus that is most deadly to people approaching the end of their lives.

If conspiracy is too loaded a term, perhaps we are better off referring to the isolate-vaccinate paradigm as a strategy devised for elites by elites, enforced by their government collaborators—one that exhibits such gross carelessness with the lives of everyday people that, understandably, those harmed believe it to be a crime against them.
 

marsh

On TB every waking moment
4:15 min
Frank Gaffney: (on WHO, to take action go to) Stop Vax Passports; Contact Your Representatives (easy button)
Bannons War Room Published May 20, 2022

(Frank Gaffney: We have seen WHO at work. Tedros is owned by the CCP and brought their strategy of the pandemic lockdown, quarantines, ineffective vaccines, requirements that everyone be jabbed and enforcement.

2 hour webinar on WHO at stopvaxpassports.org align action button that allows you, with the click of a mouse, to contact the President and your elected representatives. This is the 6 month window in which we can get things done because so many are up for re-election. Also go to their district offices and talk with their district reps. )
 

marsh

On TB every waking moment
"That's False" - The Nuremberg Code Is Codified, It's Called the Common Rule 1:02 min

"That's False" - The Nuremberg Code Is Codified, It's Called the Common Rule
Red Voice Media Published May 20, 2022

Dr. Robert Malone: "I hear people saying, 'Oh, the Nuremberg Code is not in the U.S. law.' That's false. Okay. It is there. The common language for it is the Common Rule. It's in CFR (Code of Federal Regulations). And for some reason, over the last few years, there has been an incremental winnowing away of that norm and standard through a series of legislative activities that have all been justified ... and wrapped around the package of biodefense."

Tune in to the Better Way Conference: Better Way Conference 2022 - Join Us May 20-22, 2022
 

marsh

On TB every waking moment
Treaty Backlash: The WHO Is Shaken and Aware of the Resistance Happening 1:29 min

Treaty Backlash: The WHO Is Shaken and Aware of the Resistance Happening
Red Voice Media Published May 20, 2022

Shabnam Palesa Mohamed: "Operating in lockstep is the biggest mistake they've ever made. I think the people are going to pressurize national delegates to the World Healthy Assembly to defund and to withdraw this dinosaur organization that does not serve the needs of the 99%."

Video via Child Covid Vaccine Injuries UK

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marsh

On TB every waking moment
10:32 min
The Real Story – OAN Supply Chain Concerns with Larry Behrens
One America News Network Published May 20, 2022

Larry Behrens, communications director for Power the Future, gives The Real Story on how gas prices are drastically going up all across America.
 

marsh

On TB every waking moment
A farmer talks about the rising cost of food 3:42 min

A farmer talks about the rising cost of food
The Post Millennial Clips Published May 20, 2022

(Jesse Watters: Farmers can't keep up with the costs. They need cheap diesel fuel for their tractors, so they are passing on the costs to us. Fertilizer is more expensive, so corn/grain feed in more expensive - raising the price of meat. His guest says if this keeps on, there will be food shortages, grocery prices will double and people are going to get "hangry."

Ben Rienche Farmer - owner of Blue Diamond Farming Co. : He thinks grocery bill won't be $1,000 a month. He thinks it will go up $1000 a month. This is not a transitory problem. This is chronic and systemic. He thinks the end game is real food shortages and empty shelves.

His diesel prices have doubled, crushing his profit margin. His fertilizer prices for phosphorous, nitrogen and potassium - the 3 key nutrients he needs to grow his crops are up 3X. He just opened up a fertilizer bill and it was a $million and it's one of three he's going to receive. It is up 3X from last year.

High prices are shutting down demand for Ag inputs. They have just planted crops by spreading things thin. Farmers have quit planting and the supply chain is reluctant to re-stock. How do we fix it? It started a year ago when this Admin. put tariffs on fertilizer inputs from friendly nations that could help us out. Our energy policy - particularly the Green New Deal and ESG have made energy - particularly natural gas, much more expensive and that is critical to the feedstock of fertilizer - especially ammonia and nitrate fertilizer.

President Biden announced last week plans to stimulate new fertilizer plants, but let's be realistic. That will take most of a decade to bring it online.

Of course Ukraine - that is a region that exports about 1/4 of all grain exports. 1/3 of all fertilizers. That's inaccessible to the market right now. There are a lot of policy changes that are needed. )
 

marsh

On TB every waking moment
1:37 min

Unelected International Bureaucrats Want to Tell YOU How to Respond During a Pandemic
News on with Miranda Khan Published May 20, 2022

Should an International institution be able to tell YOU how to respond during a pandemic or other crisis, even if it goes against what OUR country wants?

That is EXACTLY what the World Health Organization is voting on starting next week.

Dr. Jeff Barke shares his voice about it with #NewsOn’s Miranda Khan

Watch more here: Dr. Jeff Barke & Debbie Krauldis Discuss The Baby Formula Crisis - Real America's Voice News
 

marsh

On TB every waking moment
25:59 min

Introducing The Reset: The Great Reset Docuseries
Rebel News Published May 20, 2022

http://www.ExposeTheReset.com | Help fund our docuseries and see all the episodes as they air
In episode one of The Great Reset Docuseries, we introduce The Great Reset. We provide the background of the World Economic Forum and its chairman, Klaus Schwab, along with the other global elites who assisted in the birth of the organization. We explore the organizations that compliment each other, working alongside the WEF to plan and enact a new form of global governance through The Great Reset.
 

marsh

On TB every waking moment
CRAZY VIDEO: Davos BEFORE the cameras arrive 3:57 min

CRAZY VIDEO: Davos BEFORE the cameras arrive
Rebel News Published May 20, 2022

Avi Yemini and Rukshan Fernando arrived a couple of days early to get over the jet-lag. And we're so glad they did. WATCH & SHARE what they found.

Full story: CRAZY VIDEO: Davos BEFORE the cameras arrive

^^^^

Avi Yemini & Real Rukshan STRAIGHT TALK on the train to Davos
Rebel News Published May 20, 2022
On the train to Davos, Avi and Rukshan discussed everything WEF and WHO, from "The Great Reset" to "The Pandemic Treaty".

Full story: WATCH: Avi Yemini & Real Rukshan STRAIGHT TALK on the train to Davos
 
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marsh

On TB every waking moment
J. R. Majewski: Farmers are Paying Triple For Fuel and Fertilizer 6:45 min

J. R. Majewski: Farmers are Paying Triple For Fuel and Fertilizer
RealAmericasVoice Published May 20, 2022

"It's a sad shame that the Biden Administration is commuting these self-inflicted wounds. They're ruining our economy and they're putting America last."

Congressional Candidate J. R. Majewski tells Steve Bannon about the situation on the ground in Ohio.

(Majewski had breakfast with farmers. One said he paid over $850 to fill up his tractor. Because of limits, he had to use 2 credit cards. Fertilizer prices are now triple.

Bannon: This is how the globalist's think. We have been talking with Dave Walsh and Alfie Oakes about the coming world famine. Why - because of fuel costs. What the Greens have done and the Progressives have walked us into is a created crisis. This is because of our policies.
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Majewski: One of the farmers' major concerns was the cost of fuel. He expanded on the tractor filling story by adding that the $850 was with a discount and was triple what he used to pay. Another concern is fertilizer prices tripling. The farmers are partnered with Big Ag and some don't have the capacity to pay additional money for these crops. The farmers are struggling with do they support the homestead or the commercial ag they're farming? Farmers are really concerned on this year's crops and they may have to plant without fertilizer.

Bannon: In the USA, the CEO of Walmart says he can tell the robustness of the American economy by the gallons of milk they sell. They are selling half gallons to families because they have to cut back. The 3X cost of gas and fertilizer is coming to the cost of your cereal and bread shortly. This is what happens when a complex system starts to collapse.

Majewski: Not only collapsing, but turning on the people that fuel the economy.
 
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marsh

On TB every waking moment

The coming food catastrophe
War is tipping a fragile world towards mass hunger. Fixing that is everyone’s business

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May 19th 2022 (Updated May 20th 2022)

By invading ukraine, Vladimir Putin will destroy the lives of people far from the battlefield—and on a scale even he may regret. The war is battering a global food system weakened by covid-19, climate change and an energy shock. Ukraine’s exports of grain and oilseeds have mostly stopped and Russia’s are threatened. Together, the two countries supply 12% of traded calories. Wheat prices, up 53% since the start of the year, jumped a further 6% on May 16th, after India said it would suspend exports because of an alarming heatwave.

The widely accepted idea of a cost-of-living crisis does not begin to capture the gravity of what may lie ahead. António Guterres, the un secretary general, warned on May 18th that the coming months threaten “the spectre of a global food shortage” that could last for years. The high cost of staple foods has already raised the number of people who cannot be sure of getting enough to eat by 440m, to 1.6bn. Nearly 250m are on the brink of famine. If, as is likely, the war drags on and supplies from Russia and Ukraine are limited, hundreds of millions more people could fall into poverty. Political unrest will spread, children will be stunted and people will starve.

(continued behind pay wall)
 

marsh

On TB every waking moment
Robert F. Kennedy, Jr. Takes on the Censorship Technocracy in Front of Facebook Headquarters 25:56 min

Robert F. Kennedy, Jr. Takes on the Censorship Technocracy in Front of Facebook Headquarters
Red Voice Media Published May 20, 2022

"Censorship is the weapon of tyrants. "It is the first giant step on the slippery, steep slopes of totalitarian control."

"There are things that are much worse than dying. One of those things is living like a slave."

All Speakers: Humanity Against Censorship - Rally At Facebook Headquarters - CHD TV: Livestreaming Video & Audio
 

marsh

On TB every waking moment

Anti-Government Protests Spread In Iran After Flour-Based Food Staples Jump 300%

FRIDAY, MAY 20, 2022 - 06:20 PM

Large-scale street protests have been raging in Iran since last week, as inflation and the war in Ukraine have driven flour-based food staples to jump by as much as 300% - this also after the government moved to cut food subsidies.

Amid the soaring prices, already in an economy devastated by years of US sanctions gong back to the Trump administration's pullout of the JCPOA nuclear deal, the central government has few options in terms of relief for the populace given assets abroad remain frozen.

Illustrative, prior protest: AP

Demonstrators have been outraged over food prices and lack of urgent supplies such as medicines, leading to clashes with police deploying riot control measures.

According to the latest reports, "Social media footage not verified by Reuters showed at least six people killed and dozens injured in past days. There has been no official comment on any death toll." However, these widespread reports have been hard to verify.

Reuters observed that "On Thursday footage posted on social media showed intense clashes in cities including Farsan in central Iran, where riot police fired live rounds at demonstrators. In Shahr-e Kord and Hafshejan, security forces used teargas and clubs to disperse the protesters."

Over the past several days sporadic internet cuts have been reported in some provinces, which is part of the central government's playbook for preventing large-scale street rallies from taking place.

View: https://twitter.com/i/status/1526617891067551745
.33 min

"Iranian officials have also blamed the price hikes on the smuggling of heavily subsidized flour into neighbouring Iraq and Afghanistan," The Guardian wrote of recent street clashes.

Last Sunday saw demonstrations break out reportedly across 40 cities and towns, chiefly concentrated in the south and southwest, and a handful of cities in the north. They've reportedly spread to or near the capital of Tehran, according to a Friday report in Middle East Monitor:
Anti-government protests sparked by rising food prices in Iran have spread to at least six provinces including the capital, Tehran.

Earlier this month, Iranian President Ebrahim Raisi approved subsidy reforms aimed at controlling commodity prices in a bid to mitigate the impact of rising global wheat prices and US sanctions on the Iranian economy.
View: https://twitter.com/hra_news/status/1525894170338017286?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1525899105666584577%7Ctwgr%5E%7Ctwcon%5Es3_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fanti-government-protests-spread-iran-after-flour-based-food-staples-jump-300
.30 min

Other countries in the region, particularly Lebanon and Syria, have seen people's ability to access affordable food products and basic staples worsen. Middle East and North Africa populations are expected to be hit hardest by supply blockages out of both Ukraine and Russia.

In particular war-torn Ukraine was the fourth-largest exporter of maize (corn) in the 2020/21 season, and the sixth-largest wheat exporter in the world, according to the International Grains Council.

Prior to the Russian invasion, there were 6 million tons of wheat and 15 million tons of corn ready for export. Farmers in top growing areas in the southern part of the country, such as Kherson and Zaporizhzhia, have halted sowing operations due to the lack of farm equipment, shortage of diesel, fertilizer, and seed as the disruptions caused by the conflict.
 

marsh

On TB every waking moment
May 20, 2022 at 3:37am​
Darien Gap is the GREAT CORRIDOR​
Darien is The Great Corridor. This is not a sideshow or a distraction. This is the great highway under construction. This is the highway from the world into United States. It’s being built. The famines and global collapse will create enormous osmotic pressures. Do you realize what is happening here?

I found this lady on the ground on the Panama side of Darien Gap. She could barely open her eyes. She may have taken one of the easier routes available to people with more money. Still requires rigorous jungle walk but far shorter and easier. People with very little money must go the full monty over the Mountain of Death and many other trials. Those with money can bypass much of the harder parts by boat. She may also simply have been stuck in the Lajas Blancas camp as her pregnancy progressed.

Many women say they intentionally get pregnant along the way to use the babies as passports.​
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marsh

On TB every waking moment

Federal Judge Blocks Biden Admin's Termination Of Title 42

FRIDAY, MAY 20, 2022 - 03:00 PM

With Title 42 - the Trump-era border management policy that allowed officials to quickly expel foreign nationals at the border due to health concerns - due to end on Monday (as part of the Biden admin's overhaul of the immigration system - that is clearly working so well), a Federal Judge from Louisiana issued a temporary restraining order blocking the Biden admin from terminating the Trump-era policy.

As we detailed previously, U.S. District Judge Robert Summerhays, a Trump appointee, announced on April 25 his intent to enter a temporary restraining order that forces the administration to keep enforcing Title 42.



He delayed the actual decision because he took issue with some of the language proposed by the states, and out of a desire to ensure the order doesn’t interfere with the “legitimate use of law enforcement discretion” afforded to immigration enforcement officials. He offered that he wanted the order to, “in the least disruptive way” address the states’ concerns.

Summerhays directed the parties to confer and try to reach an agreement on certain issues and, if they couldn’t, he said they would hold another status conference to hammer out the differences.

They apparently have not and so Summerhays granted a preliminary injunction to a group of GOP state attorneys general challenging the policy change.

In an earlier hearing, Summerhays said the plaintiff states, which include Missouri and Louisiana, have demonstrated that the federal government likely violated the Administrative Procedure Act (APA) with its April 1 announcement that the emergency order would be terminated in May, according to the transcript.

“I also find that the record supports a showing of immediate and irreparable harm. The states contend that the termination of the Title 42 suspension orders will result in increased costs and burdens, including increased healthcare costs. The Court concludes that the record supports these allegations and that the fact of those increased costs is sufficient to support injunctive relief, Summerhays said.
“The Court also finds, as far as the balance of harms, that a temporary restraining order restoring the status quo to immediately prior to the April 1st order will result in little injury to the defendants, and that any such injury is outweighed by the injury caused by a result of the implementation of the April 1st order without the states having an opportunity to fully vet their APA claims, and that a temporary restraining order will not disserve the public interest.”
The states had argued in filings that the Biden administration wouldn’t suffer from a block against scaling back the order, since the administration itself delayed the termination until May 23.

As The Hill notes, the injunction is a political victory for the red states that brought suit, but it could also help the Biden administration ease pressure on immigration, as high numbers of crossings are expected to continue throughout the summer.

Homeland Security Secretary Alejandro Mayorkas said last week that his agency is preparing for a possible flood of immigrants attempting to enter the United States through its southern border when Title 42 border restrictions were supposed to be lifted next week.



As we noted previously, the head of the Border Patrol union warned that drug cartels would seize “complete control” of the southern border, as a Trump-era public health order to expel illegal immigrants is to expire on Monday.
That we just don’t have anybody in the field, that we just can’t patrol the border,” National Border Patrol Council President Brandon Judd said during Fox News’ “America’s Newsroom,” after being asked about the “worst-case scenario” once the law ends on May 23.
He said the Border Patrol system is running out of capacity as overwhelmed border agents will be largely held up by processing asylum-seeking illegal immigrants, either refereeing their claims or expelling them back to their home countries.
“When you look right now, we already start our shifts with 50 percent of our resources not even performing enforcement activities. They’re in administrative duties. Once this explodes, we’re going to have nearly 100 percent of our people doing administrative duties rather than enforcement duties.”
That’s going to give complete control to the cartels. That’s a scary situation to be in,” he added.
Finally, we note that timing of the block could be very good for the Biden administration as anxiety over MonkeyPox spread begins to build.
 

marsh

On TB every waking moment

Giant Container Ships Are Ruining Everything

FRIDAY, MAY 20, 2022 - 02:03 PM

By Rachel Premack of FreightWaves
I hate big boats, and so should you...


In 2006, Maersk stunned the global shipping community with the introduction of Emma Maersk, a container ship that could carry nearly 15,000 twenty-foot equivalent units. (TEUs translate to about half of a standard forty-foot shipping container.)

Emma Maersk set off an “arms race” with its introduction. Ocean carriers ordered bigger and bigger ships, believing that they could reach economies of scale if they could jam all their shipments into one big boat instead of a few small ones.

Today, we’ve appeared to reach peak Big Boat Era. The Emma Maersk is now wimpy next to 2022’s true megaships. The largest container ships to be delivered this year have a maximum capacity of 24,000 TEUs. (This class of ship is named — I am not making this up — the “Ever Alot.” The Evergreen shipping company, the very same that blocked the Suez Canal last year, ordered the record-breaking ship.)

Each year brings a new, larger-than-ever megaship. The largest ship class of a given year has increased by 50% from 2012 to today, or nearly sixfold from 1981 to today.

We are living in the Big Boat Era.

Massive container ships have helped wreak serious chaos on global trade. I spoke with four experts this week to learn how megaships are the sneaky reason for much of our ongoing shipping crisis.

Here are the three reasons I hate big boats:

1. They underpin the global shipping oligopoly.
Global shipping is dominated by a few giant firms. But it wasn’t always this way.
In the 1970s, there were so many ocean carriers that no single company controlled the industry. Since then, the market has consolidated into just a few large firms.

Up to 60 of the 100 largest ocean carriers have vanished from the 2000s to today, thanks to a wave of bankruptcies and acquisitions. The top 10 largest ocean carriers in 2000 commanded 51% of the market; today, they dominate 80% of it, according to a White House fact sheet. All of these companies are based outside the U.S.

Smaller ocean carriers began forming alliances with each other in order to compete with larger carriers, said Campbell University professor Sal Mercogliano. Megashippers decided to copy the strategy. Today, the largest ocean carriers are organized into three major container shipping alliances: 2M, The Alliance and Ocean Alliance.

To ship something from, say, China to Los Angeles, you book space on a container ship operated by one of these alliances. Each company shares space on the container ship with other members of the alliance. But these alliances may cancel — or have “blank sailings” — if demand has slumped.

This system has been great for the carriers’ own financial performance. Some claim this consolidation and the alliance system lead to inflated rates.

The Loadstar, a global logistics publication, reported on April 22 that the 2M alliance was blanking at least three Asia-North Europe sailings. New Chinese COVID lockdowns were one reason for the cancellation, but Loadstar also pointed to 2M’s desire to “halt the slide in rates” amid a slump in volume from China. More canceled sailings mean less capacity for cargo, and likely higher rates.

The cost to move a container ship was steady and low for much of the 2010s, then exploded from 2020 onward. Now, rates are somewhat softening.

Container ships have been steadily increasing in size since they were created in 1956. But it wasn’t until the 2000s that the Big Boat Era truly began, Mercogliano said. Ocean carriers believed they could reach economies of scale if they built giant ships. The idea was to put all of your cargo on one massive ship instead of two or three smaller ones.

Such megaships were expensive. Emma Maersk, for example, cost an estimated $145 million. But banks were happy to provide the cash, said Capt. John Konrad, CEO of maritime website gCaptain.

Konrad told FreightWaves that ocean carriers are ideal lending targets. If an ocean carrier defaults on its loan, you can simply repossess any of its ships. And, conveniently, many receive hefty subsidies or other support from the governments of the countries they’re based in. Before the financial crisis, banks were happy to provide massive loans to ocean liners to build the megaships of their dreams.

Then 2008 happened. As Mercogliano said, “The freight dried up.”

Big ocean liners were stuck with massive ships and not much to put on them. Many went bankrupt, and the ones that remained formed alliances.

“Firms started to say, ‘Well, these ships are tremendous investments and there’s too much money on the line,’” said University of Vermont professor Richard Sicotte. “‘Let’s share the capacity among different companies, who would ostensibly be our rivals.’”

Through the 2010s, consolidation accelerated. Eight large carriers, including No. 6 largest ocean carrier Hanjin, either went bankrupt or were acquired by other large firms.

The ‘cartel’ no one noticed?
Crucially, this lack of competition didn’t bother anyone through the 2010s, when ocean rates were absurdly low and carriers were barely turning a profit (if at all). Alliances and consolidation were the only way to make the economics work. Bizarrely, companies continued to build even larger megaships, still chasing those economies of scale while sinking them further into debt.

“Because so few of them were left, they formed these alliances to stop underbidding each other,” Mercogliano said. “The U.S., EU, China, everyone signed off on the idea that these are not cartels. They are not trusts. The reason we did it is because we all benefited from it: We love cheap freight. It cost nothing to move goods across the Pacific.”

That all changed in 2021, when carriers were raking in cash.

The Biden administration called these shipping companies a “cartel.” Some importers have recently claimed that ocean carriers have price gouged them and failed to fill their contracts amid sky-high ocean rates. On the other hand, FreightWaves’ own Greg Miller recently argued that competition among ocean liners increased as rates spiked.

Whether or not these carriers are price fixing is hardly something we can settle in today’s newsletter, but what we can agree on is that this consolidation — driven by the inability of individual companies to fill their own megaships — probably wouldn’t be so stark without those big darn ships.

2. They cause port congestion.
The more obvious reason that big ships are helping cause our ongoing supply chain chaos is that they’re literally too big to fit into most ports. Even the Suez Canal struggled to accommodate one of these megaships, causing the crucial global conduit to be clogged for days last year.

Matt Stoller, who is the director of research at the American Economic Liberties Project, told FreightWaves these megaships are great for moving lots of cargo across oceans. The problem is once you get to your destination. Ocean carriers (and the financial institutions that bankroll them) aren’t paying for updated ports, increased dredging, new warehouses, highways and so on to accommodate these ships. That cost is getting off-loaded to the public, Stoller said.

Indeed, as Mercogliano pointed out, the Port Authority of New York and New Jersey spent a whopping $1.7 billion to raise its Bayonne Bridge to accommodate the shipping scions’ new megaships — a cost that was paid by taxpayers, not ocean carriers or shippers.

A relatively uncrowded Port of Houston. Can’t it always be like this?

One complex is remarkably adept at accommodating those ships: the ports of Long Beach and Los Angeles. As a result, it claims 40% of all U.S. seaborne imports. Before the U.S. saw historic imports in 2020 and onward, this system worked well enough. But over the past year, it’s been remarkably backed up, causing unprecedented supply chain crunches as importers struggled to offload their containers and load empty ones back on to make the trip back to Asia.

If these ships were not so giant, we likely wouldn’t see this kind of congestion. Ocean carriers could bring their normal-sized ships to other ports around the U.S. Stoller pushed for more competition among ocean carriers, which would perhaps mean more diverse types of ships.

“We have a lot of ports in this country but we don’t have enough ocean carrier firms,” Stoller said. “The ocean carrier firms’ boats are too big for most ports.”

(more on website Giant Container Ships Are Ruining Everything | ZeroHedge)
 

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Supply Chains Are Never Returning To "Normal"

FRIDAY, MAY 20, 2022 - 04:32 AM
By Craig Fuller, CEO at FreightWaves

The conventional wisdom at this time is that most of the world has moved on from the pandemic (except for China); therefore, supply chains will return to “normal.” Unfortunately, this is not the case. The world has permanently changed and supply chains are going to face continuing challenges for decades to come. Among those challenges are:
  • Supply chains will remain under constant threat of disruption for the next decade
  • Supply chains operate best when the world is peaceful and stable
  • A smoothly running supply chain requires “buffer stock,” which is challenging with declining population demographics
  • There is a conflict between environmental, social and governance (ESG) goals and supply chains optimized for cost and speed. If we prioritize ESG, we will need to contend with supply chain risks
  • Supply chain technology will become the big venture capital category winner as companies continue to make investments in technologies that can help them mitigate their supply chain challenges


In a world faced with the prospect of tightening supplies, higher energy costs, heightened geopolitical risk, and strained transportation networks, advanced supply chain technologies will become mission-critical for many more companies.



Supply chains benefit from times of peace
Anyone that has been a part of the supply chain industry can attest to the fact that supply chains have always been subject to disruptions. Natural disasters, terrorism, economic cycles, and capacity shortages have created challenges since the beginning of trade.

Since the end of the Cold War, global supply chains have benefited from peaceful trade between developed and developing countries. Many poorer and less developed countries that were previously ruled by Communist or autocratic regimes took advantage of new markets in the developed world and used global trade to move beyond subsistence economies to prosperous ones. Some of these countries developed into capitalistic and democratic countries, while other governments exploited the free market system to solely benefit those already in power, and became wealthy and powerful enough to threaten the very system that enabled their ascension.

The Eastern European countries that were formerly part of the Soviet bloc are examples of the countries that embraced capitalism and shifted toward democracy, while China did the opposite.

Dockworkers at the Port of Los Angeles.

Labor is key in supply chains
The arbitrage between the developed and developing countries has been massive. The cost of producing goods in countries with cheap labor, lax environmental and labor regulations, and little regard for sustainable natural resources has enabled the world to enjoy unprecedented prosperity and peace.

Because the goods produced in these parts of the world were so cheap, it made sense that they would be produced in excess. This buffer stock kept inflation in check and provided supply chains with ample supplies that could fend off short-term fluctuations and disruptions. Think about how the cost of televisions and computing hardware has fallen over the past few decades, and how auto prices haven’t risen as significantly as the many improvements in product features and quality were made.

This all happened at a time when the United States was the only superpower and the only expectation that the U.S. had of other nations is that trade should be unobstructed.

Cheap labor is becoming scarcer, particularly in Asia. This is largely due to aging populations – the average age continues to increase and there are fewer people to work in these manufacturing jobs.

Pollution in one part of the world can impact other areas.

ESG requirements hamper the stability of supply chains
Companies have instituted ESG requirements that require disclosures and monitoring of how and where products have been sourced. This pressure means that goods that are produced in factories that don’t match Western standards for environmental controls and human rights may not be available to Western consumers. The factories that do produce goods that match Western standards will often be more expensive and therefore there will be less buffer stock in the system.

The same ESG standards also create challenges for commodity producers, as the cost of adhering to environmental and social disclosures makes it more expensive and less productive.

It also discourages investment in the production of environmentally sensitive commodities – most obviously in energy.

Environmental concerns and regulations that have prevented exploration and production and killed pipeline projects are largely the reason that the world currently lacks sufficient energy resources to buffer against the consequences of the Russia-Ukraine war.

In the previous three decades, supply chains have operated relatively smoothly because companies could source from around the world and not have to worry about global military conflict or autocratic regimes shutting down manufacturing. While international trade regulations were complicated to navigate, the world overall was trending toward larger, more open trading blocs – not just in North America, but in Europe and Asia as well.

As the United States has become more insular and has pulled back from being the world’s policeman, and China has started to flex its muscles and create a global competitor to the United States, the world has become far more unstable and less peaceful. This global friction is unlikely to go away. China desires to take Taiwan as its own, risking sending the world into a geopolitical crisis that is more dangerous than at any point since World War II.

Buffer stocks of products are far less likely in the future, as the cost of producing those items continues to rise. Cheap labor, offered by large populations of young people, is largely a thing of the past. This will make it more expensive for companies to produce buffer stock and far less likely that supply chains will enjoy the ability to absorb short-term shocks that are inherent to complex global networks.

Warehouse automation continues to accelerate as consumer appetite for e-commerce grows, and that is placing robotics companies in the spotlight.

Supply chain technology will be the big winner
Companies will look closer to home for product sourcing. They will prioritize production in countries that are far more stable and friendly to the United States. The Freedom Trade movement will drive supply chain professionals to prioritize production and sourcing in the Americas.

Latin America will become a big winner, as it benefits greatly from having direct land transportation networks with North America and seas that are well protected by the U.S. Navy.

The American South and Midwest will also see an acceleration in manufacturing and production, as they can offer predictable and resilient sourcing, without the geopolitical risks of foreign suppliers or the labor unions of the Rust Belt.

Automation, including robotics, will become more important. Nearshoring manufacturers will try to offset higher production costs with robotics and other automated production systems.

Supply chain market intelligence systems, a data category that monitors developments around supply and demand, will be critical for supply chain professionals who are trying to navigate increasingly complex and opaque markets. Materials and product supplies are no longer guaranteed, so the need for constantly refreshed data models that track the balance of supply and demand will be critical to the success of companies.

FreightWaves SONAR provides near real-time market intelligence information, which has seen explosive growth in recent months as shippers have realized that supply chains are not returning to normal and the need for high-frequency data is increasingly critical for success.

Historical models no longer work – as the world becomes far less predictable, peaceful, and safe – and supply chains are far more exposed to supply and demand shocks.
 

marsh

On TB every waking moment
Bill Gate's control over the WHO from Astrid Stuckleberger 28:38 min

BILL GATE'S CONTROL OVER THE WHO FROM ASTRID STUCKLEBERGER
In this video, Dr. Astrid Stuckelberger, a WHO whistleblower talks to Dr. Reiner Fuellmich and other members of the German Corona Investigative Committee. Dr. Astrid Stuckelberger is a scientist, researcher and teacher for 25 years at the Faculty of Medicine of the University of Geneva and of Lausanne. She is an international expert in different health and public health related issues. Her main areas of work concern population and individual health issues, gender, aging, equity and social determinants of health, disruptive innovation and health technologies, human rights and ethics and WHO International Health Regulations (IHR) and policies.
 

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The WEF Represents The Intersection Of Big Biz & The State: There’s A Word For That… [VIDEOS]

"They [WEF graduates] have been intentionally inserted [into government] in order to serve the interests of these 100 large corporations that fund this trade organization."

BY ZACH HEILMAN
MAY 20, 2022

From a simple lockdown that was meant to last no longer than two weeks, the coronavirus has not only surged all over the world but changed humanity during the process. Throughout the COVID-19 pandemic, governments instituted outlandish mandates, protocols, and restrictions that appeared designed to strip away at citizen’s freedom more than fight the coronavirus. And even though the pandemic may be over and people are able to drop the masks, the fallout from the government overreach and several other organizations like the World Economic Forum is still playing out.

If there was one name that rose to stardom thanks to COVID-19, it would be the World Economic Forum. Over the years, the forum and its founder, Klaus Schwab, have hinted at a future where technology and humans are integrated, the population is smaller, and the few hold control.

The Fusion of Interests of Corporations and the State: There's a Word for That and WEF Represents It 1:11 min

Dr. Robert Malone: "They [WEF graduates] have been intentionally inserted [into government] in order to serve the interests of these 100 large corporations that fund this trade organization. That's what we're dealing with. Now, there's a word for that.... Mussolini is credited with the statement that fascism really should have been called corporatism. Fascism is the fusion of the interests of the state and the corporation."
In the video, which is featured above, COVID-19 critic and the man behind the mRNA technology, Dr. Robert Malone, detailed how the WEF achieved status by placing key members into positions of power. “They [WEF graduates] have been intentionally inserted [into government] in order to serve the interests of these 100 large corporations that fund this trade organization. That’s what we’re dealing with. Now, there’s a word for that… Mussolini is credited with the statement that fascism really should have been called corporatism. Fascism is the fusion of the interests of the state and the corporation.”

One of the major claims, as mentioned above, was how the WEF praised the idea of humans and machines becoming one. Making humans hackable, according to Dr. Malone, wasn’t at the level the WEF claimed. “The truth is that the technology [to hack human beings] is far more immature than we’re being led to believe. This is basically more fear porn. Okay? And as I listened to the words and I read the book ‘COVID-19: The Great Reset,’ what I’m struck by is how immature the logic is and how faulty the science is. What is being asserted as truth, strategy, and current technology capabilities, is a fantasy. And then I have to process, ‘Okay, are these people stupid?'”

"Are These People Stupid?" - The WEF's Technological Assertions are Based on Fantasy .40 min

Dr. Robert Malone: "The truth is that the technology [to hack human beings] is far more immature than we're being led to believe. This is basically more fear porn. Okay? And as I listened to the words, and I read the book 'COVID-19: The Great Reset,' what I'm struck by is how immature the logic is and how faulty the science is. What is being asserted as truth, as strategy, as current technology capabilities, is a fantasy. And then I have to process, 'Okay, are these people stupid?' "
Tune in to the Better Way Conference: Better Way Conference 2022 - Join Us May 20-22, 2022
 

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Must-Watch: Sen. Sullivan Lists What Biden Has Done Just in Last Three Weeks to Block Oil Production

By Nick Arama | May 20, 2022 9:00 PM ET

Screen-Shot-2022-05-20-at-7.44.17-PM-730x0.png
Sen. Dan Sullivan (R-AK). Credit: Dan Sullivan/Twitter

I’ve previously reported how Sen. Josh Hawley (R-MO) took Energy Secretary Jennifer Granholm apart when she tried to blame rising gas prices on Vladimir Putin’s invasion of Ukraine. Then there was Sen. Joe Manchin (D-WV) who exposed an insane announcement from the Interior Department about stopping all new oil leases. Interior Secretary Haaland also refused to tell Sen. Bill Cassidy (R-LA) whether it was environmentally better to produce oil in Venezuela or the U.S. — his point being if this is about what’s better for the environment, you’d want to produce it here. Yet the Biden team is hindering production here, while reaching out to Venezuela.

How can the Biden team claim that they are doing everything they can to bring down gas prices, if they continue on the path they have been on since Joe Biden came in — being anti-energy?

Sen. Dan Sullivan (R-AK), who comes from the oil-rich state of Alaska, blew the whistle on that by listing what the Biden Administration has done, just in the last three weeks that has impeded oil and gas production during his questioning of Energy Secretary Jennifer Granholm.

View: https://twitter.com/i/status/1527713806130073601
2:04 min

“There has been a comprehensive hostility to the energy sector by this Administration,” Sullivan declared. “I watch it every day.” Sullivan detailed how prolific Alaska is for oil. But the Biden Administration and Sec. Haaland has taken half the National Petroleum Reserve in Alaska (NPRA) designated by Congress for oil and gas drilling “off the table.”

“That is not focused on increasing supply,” Sullivan said. Sullivan’s second example was Cook Inlet Basin. At the last minute, Biden canceled the lease sale,

Sullivan explained. “That is exactly the opposite of getting supply on the market.”

Finally, there was the new Council on Environmental Quality NEPA regulations that Sullivan said were meant “to kill the production of American energy.”

“That’s what you guys just did,” Sullivan concluded. “Do you have a response to any of this?” He said Biden, from day one, wanted to stop everything in the Arctic National Wildlife Refuge (ANWR), but he can’t do that because Congress has decided there should be two lease sales there. He can’t stop it.

Granholm had no real response. She couldn’t, since it was all true. Her response was basically, “It’s not my lane.”

View: https://twitter.com/i/status/1527740949245284353
1:07 min

Sullivan then asked her another, surprising question: why — when so many of our allies want to buy LNG (Liquid Natural Gas) from us — would the climate czar be discouraging our Japanese allies from purchasing from us?

“I mean whose side is this guy on!” Sullivan exclaimed. Granholm said that the Administration wasn’t against LNG sales but couldn’t explain what was going on with John Kerry.

All this shows how harmful the Biden policies are for America and for our energy independence, not to mention how incompetent they all are.

But there’s something else. These exchanges between members of Congress versus Biden team people show a big problem here. If it was just about doing what was best for the environment, they wouldn’t be reaching out to Venezuela; they’d want to produce the oil here because that would be better for the environment. So, it’s not just about the environment; it’s about cutting our production. That’s why they don’t want new leases and that’s why John Kerry would be sabotaging our LNG sales.
 

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Biden’s Interior Secretary Was Forced To Answer Senators’ Energy Questions. It Didn’t Go Well
Haaland 2

Senate Energy and Natural Resources Committee/Screenshot

Daily Caller News Foundation logo

THOMAS CATENACCIENERGY & ENVIRONMENT REPORTER
May 20, 20223:42 PM ET
  • Interior Secretary Deb Haaland struggled to explain administration energy policy when grilled by both Democratic and Republican lawmakers at a Senate hearing Thursday.
  • “It’s my job to manage and conserve all of our public lands for every single American,” the interior secretary said when asked about the oil and gas leasing program. “Those things are all taken into consideration, considering the climate crisis that we’re in.”
  • “I’ve been driving since I was about 18 so I know that we’ve had other — you know, I remember back when there were lines out the gas stations and that kind of thing,” Haaland said in response to a question on record-high gas prices.
Interior Secretary Deb Haaland struggled Thursday to respond to lawmakers’ questions about Biden administration energy policy, during a Senate hearing.

Haaland appeared before the Senate Energy and Natural Resources Committee to speak about the administration’s 2023 budget proposal. Democratic West Virginia Sen. Joe Manchin, the committee’s chairman, and Republicans on the panel proceeded to grill Haaland on gasoline prices and the administration’s hostile approach to oil and gas drilling.

“Secretary Haaland, the bottom line is that you have the ability to make some of the changes we’ve recommended [to the federal oil and gas leasing program],” Manchin told the interior secretary. “There are practical changes that should’ve been made by now. You don’t need us.

You can look at [the program] and review it, and if we think you’re out of bounds we’ll pull you back in.”

The administration has failed to issue a single onshore oil and gas lease or award a single offshore lease since taking office 16 months ago. The Department of the Interior (DOI) canceled all remaining offshore leases on May 11 and, on April 15, the agency modified the federal onshore program, significantly restricting how much land could be leased to private drillers.

Industry groups and Republicans have repeatedly implored the administration to end its hostility toward fossil fuels and incentivize more domestic drilling amid the Ukraine crisis which has disrupted the global energy market. Total domestic oil production has declined for three consecutive months and is nearly 13% lower than its 2019 peak, according to federal data.

“We have worked to do our job, we’re following the science, we’re following the law,” Haaland said in response to Ranking Member John Barrasso’s questions. “With respect to the reforms we made, I feel very — I take my job very seriously. It’s my job to manage and conserve all of our public lands for every single American. Those things are all taken into consideration, considering the climate crisis that we’re in.”

Secretary of the Interior Deb Haaland departs the stage at an event on July 29, 2021 in Washington, D.C. (Jemal Countess/Getty Images for Native Organizers Alliance)

Interior Secretary Deb Haaland departs an event on July 29, 2021. (Jemal Countess/Getty Images for Native Organizers Alliance)

Barrasso noted that the DOI’s scheduled late June oil and gas lease sale in Wyoming only included parcels that have minimum value and are expected to produce little energy.

“We speak to people on the ground. We have an idea of where those leases should happen,” Haaland responded. “There is a science behind it.”

Later in the hearing, Haaland also struggled to answer a question about what the administration’s plan was to lower gasoline prices and if pump prices were “too high.” The average price of gas hit $4.59 per gallon Friday, the highest level ever recorded, AAA data showed.
 

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Biden May Not Hold Any Offshore Oil And Gas Leases Until The End Of His Term, Industry Group Says

Interior Secretary Deb Haaland Testifies To Senate Committee On Department's FY2023 Budget

Kevin Dietsch/Getty Images

Daily Caller News Foundation logo

THOMAS CATENACCIENERGY & ENVIRONMENT REPORTER
May 20, 202212:45 PM ET

The American Petroleum Institute (API), a leading industry group, said the next offshore oil and gas lease sale likely wouldn’t come until early 2024 following the latest Biden administration update.

The Department of the Interior (DOI) announced Thursday that it would issue an updated proposed program plan for offshore lease sales by June 30. The API, though, said the announcement confirms the administration is “significantly behind” in the multi-year process required for approving a new five-year offshore plan, likely delaying lease sales until early 2024.

The Interior Department declined to comment and referred TheDCNF to DOI Secretary Deb Haaland’s testimony on Capitol Hill Thursday.

“The practical effect of this is that it is unlikely there will be offshore lease sales before the end of 2023,” said Frank Macchiarola, API’s senior vice president of policy, economics and regulatory affairs. “This is one more example of the disconnect between the administration’s political rhetoric and policy reality.”

He added that the announcement was the latest in a series of “mixed signals on energy policy” from the administration.

The current five-year offshore plan is set to expire in late June, meaning the DOI is supposed to have a finalized plan, not proposed program, by that time. The federal government is required to issue a plan outlining all proposed offshore lease sales every five years under the Outer Continental Shelf Lands Act.

“Joe Biden has been lying all along,” Steve Milloy, a former Trump administration transition official and JunkScience.com founder, told The Daily Caller News Foundation. “He said that he’s doing everything he can to lower gas prices. The only way to do that is to increase production and he’s doing everything he can to reduce production.”

“The overall tone since day one has been to discourage oil and gas investment,” Milloy continued.

A whale surfaces near offshore oil rigs off the southern California coast. (David McNew/Getty Images)

A whale surfaces near offshore oil rigs off the southern California coast. (David McNew/Getty Images)

The first lease sale under the current plan took place on Aug. 16, 2017, 519 days after the Obama administration published its proposed program. Based on that timeline, the earliest possible lease sale under the Biden administration plan would take place in December 2023 if the DOI published a proposed program on June 30 as it promised Thursday.
 

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On TB every waking moment
Notes on post #2676

Dave Walsh: The Fossil Fuel-Agriculture-Logistics Connection 8:03 min

Dave Walsh: The Fossil Fuel-Agriculture-Logistics Connection
Bannons War Room Published May 19, 2022

(Walsh: B of A Chairman Moynihan about 90 days ago said they were going to curtail lending for oil and gas production, ration lending for oil and gas exploration and downstream production in order to meet the newest ESG reporting standards of the SEC. The SEC is largely managed by the money center banks to begin with.

Where was Moynihan's staff telling him that natural gas was a primary element behind 3 out of 4 major chemical groups - urea, nitrogen and ammonia used in fertilizers. Since 1960, tose fertilizers have grown 800% in their use across the world. The world population has grown since 1960 from 3 billion to 7.1 billion now. So, at the core of facilitating this population growth is the increased use of nitrogen, ammonia, potash and urea. So as we suppress the production of oil and gas, we are ruining the food supply chain.

The impact hasn't visited us yet. The planting season has just ended in S. Dakota, Iowa - big representative farming regions of the country. Harvest will occur in mid-September. That's when we'll see the current impact of fertilizer shortages.

This started last year before the war in Ukraine. For instance, last year, nitrogen phosphate advanced from $580/ton in Jan to $1120/ton by Dec. , two months before the invasion. Same with urea. It was $230/ton on Jan 1 but $650/ton by Dec of 2021, because of the spike in gas prices.

Going back to appropriate corporate and Leadership messaging, fossil fuels comprise 79% of the feedstock for fuel for transportation and power generation in this country. The rest of the world, about 88%. 79% fossil fuel electrification and power generation with hydro and nuclear and a tiny slice of renewables being the rest.

So the idea of getting off of this immediately and transitioning in 5-10 years to wind and solar is not even a practical reality. The battery storage that would back up the heavy intermittency of solar and wind, the primary feedstock of that is Lithium ion. We don't want to mine Lithium ion here. It comes from China, Afghanistan, sub-Sahara Africa. The price of a Lithium has gone from $130 to $250-400 for feedstock of Lithium for batteries for EV and utility scale storage. These batteries are totally necessary to make any sense of solar and wind.

The cost of solar and wind has climbed to 6-7 times the cost of conventional power generation using gas if we compound the cost of solar with the necessary storage to make it equal power density output with combined cycle gas.

The essential need of corporate leadership to get involved in some truth telling of utilities, munis coops, to rate payors of here is the true cost of electricity. Here's the source of it. If we get more and more hooked on technology that is not ready for prime time and causes grid instability because of the up and down fluctuations of wind and solar.

Bannon: Larry Fink and the SEC all got woke and it's fantasy time. What is the potential for famine? Look at Sri Lanka. It's absolute chaos with leaders/generals houses burning . What you are seeing is the implosion of a complex system. Once that complex system - which is an ordered event by mutual free decision-making...Isn't there anything the government can do. No, the government got us into this mess by backing the oligarchs. Once that complex system starts to unwind, that's the unraveling.

Walsh: The fundamental dependence of the global food chain on oil and gas to produce nitrogen, urea and ammonia to fertilize at an increase of 800% [since 1960] allowing billions of people to be fed are left out of the whole discourse by folks like Moynihan. In another interview, he deflected to his huge staff who dealt with government regulations. Somebody got to him that oil and gas provide the food chain, not just the transportation.

Bannon: He is going to make sure to connect the dots for Larry Fink and the boys on the responsibility for folks in the world starving to death. The Walmart CEO saying that families are buying less milk means that they are cutting back on American children. If they are cutting back here, what do you think is happening in Sub-Saharan Africa and Latin America? What do you think will happen in S. Asia because Greta Thunberg and these Greens danced around and intimidated politicians.)
 

marsh

On TB every waking moment
Dave Walsh and the Shutting Down of US Energy Resource Possibilities 2:32 min

Dave Walsh and the Shutting Down of US Energy Resource Possibilities
Bannons War Room Published May 21, 2022

(Bannon, in reference to recent energy hearings: How long has the government been shutting down all possibility of expanding our energy resources?

Walsh: What we're seeing is the transposition of the CA energy management theory to the whole country. And the way that worked, back in the late 1980s-early 90s was: we don't want any more nuclear out here; we don't want any more coal; we don't want to burn things to generate like gas-fired turbines; so the state began to import mass quantities of necessary electricity from OR, WA, NV, NM, AZ. So at this point they're 73% self-sufficient, 27% imported electricity. Rates are now 23cents/KWH - way over double the national average and shortages, brownouts etc..

That operational theory is now being transposed to national oil and gas. Let's shut everything down in the way of new production and let's return to 1870.

We read our history, NYC what was the big issue then? Manure piled on the street corners needed to be removed - too many horses. Without oil and gas, we go back to that kind of fertilizer for food. Here is how important that is. The barley, oat and wheat production in this country from 1870 is up 2.7X per acre. Sugar beets - up from 1960, 2.7X per acre., potatoes up 2X per acre and corn up 2-3X per acre since 1960. This is largely owing to, according to national agriculture resources, developments in fertilizers and in soil tillage - which is all driven by diesel filled tractors.

So here we are, let's go back to 1870 in terms of - maybe this is cleaner somehow without oil and gas. This is utterly senseless. Thank God, Manchin stood up [at the hearing.] But they were doing this last week - shut down large parts of Alaska, large parts of the Gulf of Mexico. Now this revelation this week - California revisited - let's negotiate with Venezuela -OPEC member; let's negotiate with Iran for primary oil supply to this country. We're not allowed to produce it here, but we can sure buy it from Iran and Venezuela. How does this make any sense what-so-ever?)
 

marsh

On TB every waking moment
15:39 min
View: https://www.youtube.com/watch?v=DnlvoBpXGl0

SHTF Time To Know Their Plan For You As Inflation / Food Shortage Set To Destroy U

SHTF Its Time To Know The Truth Of Their Plan For You As Inflation / Food Shortage Set To Destroy You. https://www.zerohedge.com/geopolitica...

^^^^^^
Let Them Eat Bugs... How Out-Of-Touch Elites Reveal Their Contempt, & What Comes Next | ZeroHedge

Let Them Eat Bugs... How Out-Of-Touch Elites Reveal Their Contempt, & What Comes Next

SATURDAY, MAY 21, 2022 - 05:10 AM
Authored by Nick Giambruno via InternationalMan.com,

Upon being told that the people had no bread, Marie Antoinette reportedly responded, “let them eat cake.”

These infamous words were a stark illustration of the French elite’s careless indifference to the plight of ordinary people. Moreover, they likely fueled the anger that sparked a revolution that overturned the French ruling system.

Had Marie Antoinette not been so out of touch, she might have had a better choice of words.

Although history doesn’t repeat itself, it does rhyme.

I am bringing this up because recently, modern political, financial, and media elites have made numerous “let them eat cake” remarks.



They similarly reveal how oblivious they are to the average person’s problems as inflation spirals out of control, shortages spread, the stock market crashes, and economic prospects look dimmer by the day.

Let’s look at them and examine what they could mean for the social and political environment in the future… and what you can do about it.

Example #1: Inflation Is Good
First central bankers, the mainstream media, and academia tell you there is no inflation.

Then, when inflation becomes undeniable, they tell you not to worry because inflation is only “transitory.”

Then, when it becomes apparent that it’s not merely transitory, they tell you not to worry because inflation is actually a good thing.

It’s not uncommon to see ridiculous headlines like this:



Example #2: No More Turkey at Thanksgiving
After inflation broke through multi-decade highs, it’s no longer possible to maintain the farce that “inflation is good.”

So the elite’s messaging has pivoted to ways the plebs can cope with ever-decreasing living standards.

Last Thanksgiving, it was impossible for the Federal Reserve to ignore the soaring costs of turkey. So, instead, the St. Louis branch had a helpful suggestion for those struggling—substitute delicious turkey for cheaper heavily-processed industrial sludge.



Example #3: Let Your Pets Die
Recently, Bloomberg published an article titled “Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal.”

It recommended rethinking providing medical treatment to your pets:
“If you’re one of the many Americans who became a new pet owner during the pandemic, you might want to rethink those costly pet medical needs.”
Example #4: Gas Is Too Expensive? Buy a Tesla
As gas prices skyrocket, transportation Secretary Pete Buttigieg suggests buying an electric vehicle. That way, the plebs can stop complaining and will “never have to worry about gas prices again.”

The thought of whether people could afford an expensive electric vehicle in the first place didn’t seem to cross his mind.

Example #5: Housing Is Too Expensive? Live in a Pod or Move Back In With Your Parents
With soaring prices making housing unaffordable in many big cities, living in pods is promoted.
For example, in California, a three-bedroom home that used to house a single family has been converted into a unit that includes pods for 13 people.



Similar stories are sprouting up across other cities. The media is celebrating this not as a significant downgrade but rather as an eco-friendly solution to rising housing costs.

They also recommend moving back in with your parents.



Example #6: Meat Is Too Expensive? Eat Bugs and Industrial Sludge
With inflation making meat unaffordable for many, the elite are looking to keep the plebs happy by guilting them into thinking that meat is bad for the environment.

That’s a big reason why there’s been a flurry of articles in the mainstream media condemning meat consumption and promoting cheap alternatives.

Their solution is to give the plebs fake meat made of heavily-processed industrial sludge and feed them bugs.

Bill Gates recently said: “I think all rich countries should move to 100% synthetic beef.”

“You can’t have cows anymore,” and governments can “use regulation to totally shift the demand.”

An article in The Economist notes: “We’re not going to convince Europeans and Americans to go out in big numbers and start eating insects… The trick might be to slip them into the food chain on the quiet.”



The Guardian tells us eating bugs can assuage your climate sins and that “if we want to save the planet, the future of food is insects.”

Here’s Bloomberg:



These are a couple of examples of a much broader push against meat.
Here’s the bottom line.

The elite have been informed that meat is becoming too expensive for the average person. Their answer: “Let them eat bugs.”

Conclusion
This overview is by no means a complete collection of recent “let them eat cake” statements. However, it is enough to understand what the elites think and their contempt for the average person.

These are the same people who engaged in—or closely benefited from—the rampant money printing and other policies responsible for the rising prices ravaging regular people in the first place.

And when the pain of inflation became apparent, their response has been… inflation is good… no more turkey at Thanksgiving… let your pets die… buy an expensive electric vehicle… live in a pod or move back in with your parents… and eat bugs.

Instead of looking at these examples separately, take a step back and reflect on the Big Picture they paint. That will help us better understand the social and political situation, where things might be headed, and what we should do.

With that in mind, two things seem clear.
1) The current crop of political, financial, and media elites are ensconced in a bubble, carelessly indifferent to the problems of ordinary people—much like Marie Antoinette was.
2) Anger is building up as people feel increased economic pain.
Nobody knows how the situation will resolve itself, but I think it would be foolish not to prepare yourself—and your portfolio—for turbulence in the months ahead.
 
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marsh

On TB every waking moment
(Comment: I really don't see how anyone can not see that we are in a state of war against the American people. There are so many policies that are actively destroying the food supply, energy, liberties and have facilitated the invasion of the United states by foreign nationals and undesirables.)

Todd Bensman: Title 42 is off the table 12:28 min
Todd Bensman: Title 42 is off the table
Bannons War Room Published May 21, 2022

cis.org
Home
Center for Immigration Studies


(no summary given. He talks about the immigrants flooding across the border at unprecedented levels and the facilitation of the route through Panama . Watched, but no time to note.)
 

marsh

On TB every waking moment
The Assault of Free Speech: Once a Government Silences Critics, It Can Commit Any Atrocity - RFK Jr. 1:50 min

The Assault of Free Speech: Once a Government Silences Critics, It Can Commit Any Atrocity - RFK Jr.
Red Voice Media Published May 21, 2022

Once Fauci & Friends Decimated Free Speech, They

- Closed churches and deprived us of our freedom to worship.

- Closed down 3.3 million businesses without scientific citation or public hearing, with no due process or just compensation, which is required by our Constitution.

- Forced us to put on masks.

- Got rid of jury trials, which are guaranteed by the 6th and 7th amendments of our Constitution.

- Got rid of the prohibition of warrantless searches and seizures (track and trace surveillance and mandatory disclosures).

- Made people disclose their medical records just to get out of the house and go to their favorite bar or restaurant.

- Got rid of due process law.

"All of [these infractions] flow from the initial attack, which is the assault on freedom of expression."

Tune in to the Better Way Conference: Better Way Conference 2022 - Join Us May 20-22, 2022

^^^^^
The House of Cards Collapses When We're Allowed to Speak: Censorship Is Their Only Choice 1:11 min

The House of Cards Collapses When We're Allowed to Speak: Censorship Is Their Only Choice
Red Voice Media Published May 21, 2022

Robert F. Kennedy, Jr: "If we make a breakthrough with the press, it will bring down this entire superstructure ... The only way that they can hold this together is by keeping us all from talking by censoring. Censoring is their weapon of choice because they cannot withstand logic, they cannot withstand reason, they cannot withstand facts, and they cannot withstand open debate. That's why they censor us. They will not debate us; they can only silence us. It's their only choice."
 

marsh

On TB every waking moment

"Crop Scouts" Scour Midwest Ahead Of Wheat Harvest Amid Menacing Megadrought

SATURDAY, MAY 21, 2022 - 07:00 PM

Droughts, flooding, heatwaves, and even war threaten wheat production worldwide, pushing up the price of bread, pizza crust, pastries, and noodles. Just about every major producer is facing some issue, and the latest is in the US, where 'crop scouts' have begun to scour arid fields across the Midwestern US.

Bloomberg reports crop scouts from the wheat industry have begun to examine plants in farm fields in Kansas to Oklahoma to Nebraska. Harvest is just a few weeks away, and there are concerns devastating droughts have caused damage in US wheat country.
Some farmers already are writing off losses from parched grains. The US Department of Agriculture expects lower yields in Kansas, the top-growing state for hard red winter wheat, a staple relied on for bread flour. The shortfall is seen by USDA as pushing national production to the smallest since 1963, fueling fear of global food shortages as war in Ukraine and weather challenges elsewhere puts supplies at risk. -Bloomberg
It's very clear the world is now looking at North America for robust wheat production, and with that, there need to be optimum conditions and strong yields. However, that may not be the case.

"This is a very challenging year with not a lot of good news," said crop scout Romulo Lollato, a wheat specialist at Kansas State University. He pointed out that minimal rainfall and freezing temperatures in early April could have damaged crop yields.

Aaron Harries, vice president of research and operations for Kansas Wheat, said, "it's been a weather roller coaster" across the Midwest.

Some scouts see bright spots after recent rains. Though a megadrought continues to consume large swathes of farmland.



Meanwhile, wheat futures in Chicago are soaring, near all-time highs, as traders are pricing in what could be a year of low harvest production.



Last week, the World Agricultural Supply and Demand Estimates (WASDE) report published by the USDA showed wheat production in Ukraine is expected to plunge by one-third this season compared with last year.

1653194340787.png1653194379542.png

There are also concerns in Canada, India, and China about harvest declines due to adverse weather conditions. Then there's the Black Sea region, plagued by war that will plunge crop production this year and next.

The final production numbers for the US won't be known for months, though crop scouts will have an idea of what wheat supplies could look like after they wrap up their inspections. USDA's expected to release its estimate based on hundreds of samples on Thursday.
 

marsh

On TB every waking moment

"We're In A Crisis": American Farmer Warns Of Impending Food Shortages

SATURDAY, MAY 21, 2022 - 02:00 PM

NewsNation's Leland Vittert asked one American farmer: "How close are we to the next food crisis?"

The answer: "We are in a crisis right now as far as the food chain goes with the farmer in this country," John Boyd Jr., the President of the National Black Farmers Association, said.

Boyd points out some farmers are unable to plant because of adverse weather conditions. He said farmers in the Northern Plains haven't been able to get tractors in the fields because of soggy conditions, and the war in Ukraine has knocked out an entire region of food production.



He warned, "We're going to see a lot of empty shelves and a lot more high food prices."

In his forty-year career as a farmer, Boyd said he never imagined he would be "paying $5.63 for a gallon of diesel fuel, $900 a ton for fertilizer, and all-time high prices for soybean seeds." All of the prices he mentioned are at record highs, pressuring farmers' margins.

He said the American people need to wake up to the crisis in the farming industry, adding, "farming isn't Republican or Democratic, it's food, the land is neutral … this is the time the American people need to support the American farmer and put pressure on the Biden administration to put things in place to help farmers."

He mentioned that banks need to provide emergency funding to farmers to get their crops in the ground. Out-of-control inflation has left some farmers unable to plant because of soaring costs.

Boyd said, "We only have a short window of opportunity to give farmers funding."

He stated the worst-case scenario is "a lot of shortages" of food that could materialize later this year.

Boyd's dire warning comes after the World Agricultural Supply and Demand Estimates (WASDE) report published by the USDA last week showed global production of corn and wheat is expected to decline.

Watch the full interview here.

View: https://youtu.be/YGi8aMog-W4
5:48 min
 

marsh

On TB every waking moment

Five Warning Signs The End Of Dollar Hegemony Is Near... Here's What Happens Next

SATURDAY, MAY 21, 2022 - 11:30 AM
Authored by Nick Giambruno via InternationalMan.com, Gold proponent

It’s no secret that China and Russia have been stashing away as much gold as possible for many years.


China is the world’s largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments’ treasuries.

Russia has over 2,300 tonnes—or nearly 74 million troy ounces—of gold, one of the largest stashes in the world. Nobody knows the exact amount of gold China has, but most observers believe it is even larger than Russia’s stash.

Russia and China’s gold gives them access to an apolitical neutral form of money with no counterparty risk.

Remember, gold has been mankind’s most enduring form of money for over 2,500 years because of unique characteristics that make it suitable to store and exchange value.

Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.

In other words, gold is the one physical commodity that is the “hardest to produce” (relative to existing stockpiles) and, therefore, the most resistant to inflation. That’s what gives gold its superior monetary properties.

Russia and China can use their gold to engage in international trade and perhaps back the currencies.

That’s why gold represents a genuine monetary alternative to the US dollar, and Russia and China have a lot of it.

Today it’s clear why China and Russia have had an insatiable demand for gold.

They’ve been waiting for the right moment to pull the rug from beneath the US dollar. And now is that moment…



This is a big problem for the US government, which reaps an unfathomable amount of power because the US dollar is the world’s premier reserve currency. It allows the US to print fake money out of thin air and export it to the rest of the world for real goods and services—a privileged racket no other country has.


Russia and China’s gold could form the foundation of a new monetary system outside of the control of the US. Such moves would be the final nail in the coffin of dollar dominance.

Five recent developments are a giant flashing red sign that something big could be imminent.

Warning Sign #1: Russia Sanctions Prove Dollar Reserves “Aren’t Really Money”
In the wake of Russia’s invasion of Ukraine, the US government has launched its most aggressive sanctions campaign ever.

Exceeding even Iran and North Korea, Russia is now the most sanctioned nation in the world.
As part of this, the US government seized the US dollar reserves of the Russian central bank—the accumulated savings of the nation.

It was a stunning illustration of the dollar’s political risk. The US government can seize another sovereign country’s dollar reserves at the flip of a switch.

The Wall Street Journal, in an article titled “If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock,” noted:
“Sanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role of the U.S. dollar.”
Russian President Putin said the US had defaulted on its obligations and that the dollar is no longer a reliable currency.

The incident has eroded trust in the US dollar as the global reserve currency and catalyzed significant countries to use alternatives in trade and their reserves.

China, India, Iran, and Turkey, among other countries, announced, or already are, doing business with Russia in their local currencies instead of the US dollar. These countries represent a market of over three billion people that no longer need to use the US dollar to trade with one another.

The US government has incentivized almost half of mankind to find alternatives to the dollar by attempting to isolate Russia.

Warning Sign #2: Rubles, Gold, and Bitcoin for Gas, Oil, and Other Commodities
Russia is the world’s largest exporter of natural gas, lumber, wheat, fertilizer, and palladium (a crucial component in cars).

It is the second-largest exporter of oil and aluminum and the third-largest exporter of nickel and coal.

Russia is a major producer and processor of uranium for nuclear power plants. Enriched uranium from Russia and its allies provides electricity to 20% of the homes in the US.
Aside from China, Russia produces more gold than any other country, accounting for more than 10% of global production.

These are just a handful of examples. There are many strategic commodities that Russia dominates.

In short, Russia is not just an oil and gas powerhouse but a commodity superpower.

After the US government seized Russia’s US dollar reserves, Moscow has little use for the US dollar. Moscow does not want to exchange its scarce and valuable commodities for politicized money that its rivals can take away on a whim. Would the US government ever tolerate a situation where the US Treasury held its reserves in rubles in Russia?

The head of the Russian Parliament recently called the US dollar a “candy wrapper” but not the candy itself. In other words, the dollar has the outward appearance of money but is not real money.

That’s why Russia is no longer accepting US dollars (or euros) in exchange for its energy. They are of no use to Russia. So instead, Moscow is demanding payment in rubles.

That’s an urgent problem for Europe, which cannot survive without Russian commodities. The Europeans have no alternative to Russian energy and have no choice but to comply.

European buyers must now first buy rubles with their euros and use them to pay for Russian gas, oil, and other exports.

This is a big reason why the ruble has recovered all of the value it lost in the initial days of the Ukraine invasion and then made further gains.

In addition to rubles, the top Russian energy official said Moscow would also accept gold or Bitcoin in return for its commodities.

“If they want to buy, let them pay either in hard currency—and this is gold for us… you can also trade Bitcoins.”

Here’s the bottom line. US dollars are no longer needed (or wanted) to buy Russian commodities.

Warning Sign #3: The Petrodollar System Flirts With Collapse
Oil is by far the largest and most strategic commodity market.

For the last 50 years, virtually anyone who wanted to import oil needed US dollars to pay for it.

That’s because, in the early ’70s, the US made an agreement to protect Saudi Arabia in exchange for ensuring, among other things, all OPEC producers only accept US dollars for their oil.

Every country needs oil. And if foreign countries need US dollars to buy oil, they have a compelling reason to hold large dollar reserves.

This creates a huge artificial market for US dollars and forces foreigners to soak up many of the new currency units the Fed creates. Naturally, this gives a tremendous boost to the value of the dollar.

The system has helped create a deeper, more liquid market for the dollar and US Treasuries. It also allows the US government to keep interest rates artificially low, thereby financing enormous deficits it otherwise would be unable to.

In short, the petrodollar system has been the bedrock of the US financial system for the past 50 years.

But that’s all about to change… and soon.

After it invaded Ukraine, the US government kicked Russia out of the dollar system and seized hundreds of billions in dollar reserves of the Russian central bank.

Washington has threatened to do the same to China for years. These threats helped ensure that China cracked down on North Korea, didn’t invade Taiwan, and did other things the US wanted.

These threats against China may be a bluff, but if the US government carried them out—as it recently did against Russia—it would be like dropping a financial nuclear bomb on Beijing.

Without access to dollars, China would struggle to import oil and engage in international trade. As a result, its economy would come to a grinding halt, an intolerable threat to the Chinese government.

China would rather not depend on an adversary like this. This is one of the main reasons it created an alternative to the petrodollar system.

After years of preparation, the Shanghai International Energy Exchange (INE) launched a crude oil futures contract denominated in Chinese yuan in 2017. Since then, any oil producer can sell its oil for something besides US dollars… in this case, the Chinese yuan.

There’s one big issue, though. Most oil producers don’t want to accumulate a large yuan reserve, and China knows this.

That’s why China has explicitly linked the crude futures contract with the ability to convert yuan into physical gold—without touching China’s official reserves—through gold exchanges in Shanghai (the world’s largest physical gold market) and Hong Kong.

PetroChina and Sinopec, two Chinese oil companies, provide liquidity to the yuan crude futures by being big buyers. So, if any oil producer wants to sell their oil in yuan (and gold indirectly), there will always be a bid.

After years of growth and working out the kinks, the INE yuan oil future contract is now ready for prime time.

And now that the US has banned Russia from the dollar system, there is an urgent need for a credible system capable of handling hundreds of billions worth of oil sales outside of the US dollar and financial system.

The Shanghai International Energy Exchange is that system.

Back to Saudi Arabia…

For nearly 50 years, the Saudis had always insisted anyone wanting their oil would need to pay with US dollars, upholding their end of the petrodollar system.

But that could all change soon…

Remember, China is already the world’s largest oil importer. Moreover, the amount of oil it imports continues to grow as it fuels an economy of over 1.4 billion people (more than 4x larger than the US).

China is Saudi Arabia’s top customer. Beijing buys over 25% of Saudi oil exports and wants to buy more.

The Chinese would rather not have to use the US dollar, the currency of their adversary, to buy an essential commodity.

In this context, The Wall Street Journal recently reported that the Chinese and the Saudis had entered into serious discussions to accept yuan as payment for Saudi oil exports instead of dollars.

The WSJ article claims the Saudis are angry at the US for not supporting it enough in its war against Yemen. They were further dismayed by the US withdrawal from Afghanistan and the nuclear negotiations with Iran.

In short, the Saudis don’t think the US is holding up its end of the deal. So they don’t feel like they need to hold up their part.

Even the WSJ admits such a move would be disastrous for the US dollar.
“The Saudi move could chip away at the supremacy of the US dollar in the international financial system, which Washington has relied on for decades to print Treasury bills it uses to finance its budget deficit.”
Here’s the bottom line.

Saudi Arabia—the linchpin of the petrodollar system—is flirting in the open with China about selling its oil in yuan. One way or another—and probably soon—the Chinese will find a way to compel the Saudis to accept the yuan.

The sheer size of the Chinese market makes it impossible for Saudi Arabia—and other oil exporters—to ignore China’s demands to pay in yuan indefinitely. Moreover, using the INE to exchange oil for gold further sweetens the deal for oil exporters.

Sometime soon, there will be a lot of extra dollars floating around suddenly looking for a home now that they are not needed to purchase oil.

It signals an imminent and enormous change for anyone holding US dollars. It would be incredibly foolish to ignore this giant red warning sign.

Warning Sign #4: Out of Control Money Printing and Record Price Increases
In March of 2020, the chair of the Federal Reserve, Jerome Powell, exercised unfathomable power…

At the time, it was the height of the stock market crash amid the COVID hysteria. People were panicking as they watched the market plummet, and they turned to the Fed to do something.

In a matter of days, the Fed created more dollars out of thin air than it had for the US’s nearly 250-year existence. It was an unprecedented amount of money printing that amounted to more than $4 trillion and nearly doubled the US money supply in less than a year.

One trillion dollars is almost an unfathomable amount of money. The human mind has trouble wrapping itself around such figures. Let me try to put it into perspective.
One million seconds ago was about 11 days ago.
One billion seconds ago was 1988.
One trillion seconds ago was 30,000 BC.
For further perspective, the daily economic output of all 331 million people in the US is about $58 billion.

At the push of a button, the Fed was creating more dollars out of thin air than the economic output of the entire country.

The Fed’s actions during the Covid hysteria—which are ongoing—amounted to the biggest monetary explosion that has ever occurred in the US.

When the Fed initiated this program, it assured the American people its actions wouldn’t cause severe price increases. But unfortunately, it didn’t take long to prove that absurd assertion false.

As soon as rising prices became apparent, the mainstream media and Fed claimed that the inflation was only “transitory” and that there was nothing to be worried about.
Of course, they were dead wrong, and they knew it—they were gaslighting.

The truth is that inflation is out of control, and nothing can stop it.

Even according to the government’s own crooked CPI statistics, which understates reality, inflation is rising. That means the actual situation is much worse.

Recently the CPI hit a 40-year high and shows little sign of slowing down.

I wouldn’t be surprised to see the CPI exceed its previous highs in the early 1980s as the situation gets out of control.

After all, the money printing going on right now is orders of magnitude greater than it was then.

Warning Sign #5: Fed Chair Admits Dollar Supremacy Is Dead
“It’s possible to have more than one reserve currency.”

These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.

It’s a stunning admission from the one person who has the most control over the US dollar, the current world reserve currency.

It would be as ridiculous as Mike Tyson saying that it’s possible to have more than one heavyweight champion.

In other words, the jig is up.

Not even the Chairman of the Federal Reserve can go along with the farce of maintaining the dollar’s supremacy anymore… and neither should you.

Conclusion
It’s clear the US dollar’s days of unchallenged dominance are quickly ending—something even the Fed Chairman openly admits.

To recap, here are the five imminent, flashing red warning signs the end of dollar hegemony is near.
  • Warning Sign #1: Russia Sanctions Prove Dollar Reserves “Aren’t Really Money”
  • Warning Sign #2: Rubles, Gold, and Bitcoin for Gas, Oil, and Other Commodities
  • Warning Sign #3: The Petrodollar System Flirts With Collapse
  • Warning Sign #4: Out of Control Money Printing and Record Price Increases
  • Warning Sign #5: Fed Chair Admits Dollar Supremacy Is Dead
If we take a step back and zoom out, the Big Picture is clear.

We are likely on the cusp of a historic shift… and what’s coming next could change everything.
 

marsh

On TB every waking moment

Top Putin Aide Predicts "Global Famine" By The End Of This Year

SATURDAY, MAY 21, 2022 - 08:30 AM
Authored by Paul Joseph Watson via Summit News,

A top aide to Vladimir Putin has predicted a “global famine” that will occur before the end of the year as a result of worldwide grain shortages caused by the war in Ukraine.



Maksim Oreshkin asserts that the United States’ attempt to takeover Ukraine’s grain reserves is going to lead to a humanitarian disaster.
“It is important that in the conditions, for example, of a global famine that will occur closer to autumn, by the end of this year all over the world, Russia should not suffer, but be fully provided with food,” Oreshkin said.
Oreshkin blamed inflation caused by the Federal Reserve overprinting the dollar since 2020 as one of the causes, but also zeroed in on the Biden’s administration’s more recent actions in Ukraine.
“In fact, what America is trying to do with Ukraine now is to take out the grain reserves that Ukraine currently has in its possession – just another action that dooms Ukraine to serious humanitarian problems, but also dooms the global community to having big problems with hunger,” he warned.
Russia and Ukraine account for almost a third of the world’s wheat exports, with sanctions on Russia and the war in Ukraine having led to a 60 per cent price surge so far this year.

As we previously highlighted, Italian League party leader Matteo Salvini has warned that if the war in Ukraine is not brought to a conclusion by the end of this month, chronic food shortages will cause an immigration wave that will lead to 20 million African migrants trying to enter Europe.
“Significant hunger is expected on the African continent, which will be a humanitarian, then a social, and finally an Italian problem,” said Salvini.
“Without peace there will be famine in the autumn and 20 million Africans will be ready to go,” he added.
British TV presenter Jeremy Clarkson, who owns a farm which was the basis for his hit Amazon Prime show Clarkson’s Farm, warned in a Sunday Times piece that farmers in the UK are letting their fields go fallow.
“The problem is that next year many farmers will decide that, because of the costs involved, they’ll use less fertiliser,” he wrote.
“Some will doubtless try to use none at all. Others will try to use cardboard or lawn clippings or faeces instead. Either way they will produce less food. Some farmers — I know of three in my area alone — have already decided to fallow their fields next year and grow nothing at all.”
“And this is not just happening in the UK. It’s a global phenomenon and it could well result in there being maybe 20 per cent less food in the shops than is necessary. That’s bad. And then it gets worse because, between them, Russia and Ukraine grow more than a quarter of global wheat exports.”
Clarkson fears that the world is “hurtling down a well-watered slide into the pit of hunger, misery and death.”
 

marsh

On TB every waking moment

FLASHBACK: Here's why gas is up $2 since Biden took office

President vowed to crush traditional energy

Art Moore
By Art Moore
Published May 21, 2022 at 5:59pm
(Image courtesy Unsplash)

(Image courtesy Unsplash)

While the Biden administration continues to insist the record high prices at the gas pump are largely due to Russia's invasion of Ukraine, a video montage of the president's vows during the 2020 campaign to crush the industry that provides the vast majority of energy, along with his actions on his first day in office, suggest there are other factors in play.

In a July 2019 primary debate with his Democratic Party opponents hosted by CNN, Biden was asked, "Would there be any place for fossil fuels, including coal and fracking, in a Biden administration?"

"No," he replied. "We would work it out. We would make sure it’s eliminated."

In the CNN debate, Biden stated emphatically: "No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period."

In conversations with individual voters on the campaign trail, he promised to "end fossil fuels" and stop fracking and new pipelines.

Biden also affirmed that he would be willing to sacrifice economic growth and thousands of blue collar jobs to hasten the transition to alternative energy.

See the montage of Biden's condemnation of the oil industry:
Wondering why gas is up $2 since Biden took office? Watch this.pic.twitter.com/X5tcDOPtT8
— RNC Research (@RNCResearch) May 19, 2022
Biden's campaign later clarified that "eliminating" oil-based energy meant ending subsidies for the industry and transitioning by 2050 to an economy with net-zero emissions.

On Thursday, however, Sen. Josh Hawley, R-Mo., tied the president's policies to the record-high gas prices in an exchange with Secretary of Energy Jennifer Granholm.

Granholm told Hawley "you can thank the activity of Vladimir Putin for invading Ukraine."

The senator shot back: "With all due respect, madam secretary, that's utter nonsense."

Hawley argued that long before the Russian invasion – from January to August of 2021 – "the price of gasoline was up over 30% in my state alone."

"It has been a continuous, continuous upward tick since then," Hawley said.

"And here's what your president did when he first came to office. He immediately reentered the Paris Climate Accord. He canceled the Keystone Pipeline. He halted leasing programs in ANWR.
He issued a 60-day halt on all new oil and gas leases and drilling permits on federal lands and waters. That's nationwide," Hawley said.

The senator noted the halt affected 25% of U.S. oil production.

"He directed federal agencies to eliminate all supports for fossil fuels," Hawley continued. "He imposed new regulations on oil and gas and methane emissions. Those were all just in the first few days. Are you telling me that had no effect on our energy supply?"

On March 31, Biden announced his decision to release oil from the Strategic Petroleum Reserve, promising prices at the pump would "continue to come down ... it will come down and it could come down fairly significantly."

Economists warned that the move could make gas even more expensive, and less than two months later, the average gas price has surged to $4.59.

See Biden's remarks on March 31:

View: https://twitter.com/i/status/1526983337004478464
1:05 min
 

marsh

On TB every waking moment

The threat from the SEC's global warming 'disclosure' rule

'It is foolish' to believe they will 'solve the perceived climate crisis'

WND News Services
By WND News Services
Published May 21, 2022 at 4:39pm

(Image courtesy Pixabay)

(Image courtesy Pixabay)
[Editor's note: This story originally was published by Real Clear Energy.]

By Dan Romito
Real Clear Energy
There is a concerning precedent emerging within conventional American politics that mistakenly asserts a direct correlation between functional results and incremental regulation exists. Reality shows instead that regulation does not provide the strategic blueprint required to formulate long-term solutions and radical innovation. The U.S. Securities and Exchange Commission groundbreaking proposed climate change disclosure rule does not reflect that lesson and misses the mark.

If passed, the 512-page proposal would mandate public companies to disclose an audited set of greenhouse gas emissions data from their direct operations, energy use, and value chain (i.e., Scope 1, 2, and 3, respectively). This proposal focuses on accounting exercises rather than strategic action and represents a cost burden as opposed to a solution that would reduce global emissions to the benefit of society.

The current Environmental, Social, and Governance (ESG) investment climate is complex. There are over 6,500 unique data points within the ESG ecosystem. Much of the ESG data is uncorrelated, biased, and incredibly influential. Some of the most influential evaluation methodologies remain subjective, inconsistent, and opaque. Yet, we are seeing a “doubling down” on a system that prioritizes competitive uniqueness rather than actual empirical results.

As the global population accelerates to exceed ten billion people over the next forty years, we are going to need actual energy solutions that keep energy affordable and reliable while still preserving and protecting the environment. Developing countries, where most of the population growth will be found, will seek strategic partners to help solve problems impacting the quality of life. Mitigating child mortality, income disparity, political instability, and energy poverty are foundational tenets any society requires to establish a viable path towards prosperity. The technological prowess of the American economy, empowered by our private & public equity markets, is a formidable instrument these countries can and should utilize to build out such a foundation.

Unfortunately, our public equity markets are not as healthy as they need to be to provide the capital necessary to lift the developing world. There existed roughly 8,000 publicly traded companies in 2000. Today, there are only 4,000. Contrary to popular sentiment, most of our public companies are small. The average market capitalization for a Russell 3000 company is nearly 5,000 times smaller than Apple.

Overregulation is largely to blame. It has simply become cost-prohibitive for most publicly traded companies to operate, let alone flourish. This paradigm is especially applicable to the climate debate the SEC is attempting to address. It is foolish to believe that we are somehow going to solve the perceived climate crisis because the SEC is now going to require climate disclosures.

The unintended consequences of the proposed SEC climate change disclosure rule will compound the deteriorating health of our public equity markets. The proposed rule will likely act as a deterrent against companies going public thanks, in part, to a potential increased risk of frivolous lawsuits and the possible destabilization of the credibility of U.S. capital markets.

For the foreseeable future, fossil fuels will remain the only viable energy source for developing countries. If we empirically analyze production efficiency and environmental impact, then Norway, the United States, and the U.K. should run point on providing fossil fuels to developing countries. Academic studies tell us that over 25% of the green patents created in 2020 originated from the conventional energy and power space (relative to the renewables space accounting for ten percent) – indicating that improved energy sourcing is currently underway.

Highlighting emissions data, although helpful in some cases, is also not going to solve any functional or operational aspect of climate risk. Should an investor deem any data point material to valuation, the communication avenues to attain such information already exist. We do not need to impose another regulatory cost burden to get this information. If anything, we should rethink how we can expedite the technological capabilities public companies are already working on.

Our society struggles to materially resolve economic and societal complexities due to an unhealthy overreliance on regulation. Too often we see overly prescriptive regulations worsen outcomes. Given the immense importance U.S. public issuers play in terms of global modernization, job creation, and economic efficiency, the current SEC proposal provides little material upside.

The SEC must instead foster efficient solutions by outlining a reasonable set of performance-based guidelines for competing participants to operate within and encourage the energy innovation already taking place. By ensuring the long-term credibility of the U.S. capital markets, fostering innovative competition, and facilitating consistent access to quality capital the SEC can set forth a durable path toward solving climate change.
 

marsh

On TB every waking moment

EXCLUSIVE: Half-Million Migrants Cross Border in Ten Weeks
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Agents in South Texas apprehend nine large migrants groups in two border sectors. (U.S. Border Patrol/Rio Grande Valley Sector)
U.S. Border Patrol/Rio Grande Valley Sector

BOB PRICE and RANDY CLARK21 May 2022819

More than a half-million migrants illegally crossed the southwest border with Mexico during a 10-week period ending on May 15. The record-setting mass migration crisis is overwhelming Border Patrol and NGO resources as they deal with the chaotic level of border crossings.

Between April 1 and May 15 approximately 513,000 migrants illegally crossed the southwest border with Mexico. The number reflects apprehensions cited in the April Southwest Border Migration Report and unofficial numbers obtained from a law enforcement source within CBP.

The source stated that agents apprehended approximately 47,000 migrants just in the past seven days.

Until recently, the Rio Grande Valley and Del Rio Sectors led the nation in migrant apprehensions. However, a recent surge in the El Paso Sector pushed the remote Texas-New Mexico sector into the lead, Breitbart Texas reported. The source told Breitbart that El Paso Sector agents detained nearly 5,000 migrants in area processing center on Monday. Haitian migrants accounted for about 50 percent of this total.

The El Paso Sector currently sits at more than double its standard capacity. The source says in recent days, migrant apprehensions in the sector have exceeded 1,500. Del Rio Sector officials report their processing centers are approximately 40 percent over capacity.

April migration along the southwest border set an all-time record for April apprehensions as agents took more than 201,000 migrants into custody, Breitbart reported. The report surpasses the previous record set during the last year of the Clinton administration.

The record-level apprehension of 201,800 migrants in April marks a dramatic turn around from the record-low April apprehension report from 2020 when agents took a mere 16,182 migrants into custody. This represents an increase of nearly 1,150 percent during the past two years.

In addition to the more than 1.2 million migrants apprehended so far this fiscal year, an additional 364,000 migrants simply got away and made their way successfully into the U.S. interior, Breitbart reported.

“The fact is that our borders are not open, and we will continue to remove those who enter our country unlawfully and have no legal basis to stay,” CBP Commissioner Chris Magnus said in a written statement on Tuesday releasing the April Southwest Land Border Encounters report.

“After many months of planning, we are executing a comprehensive strategy to safely, orderly, and humanely manage our borders.”

In reality, the southwest border with Mexico is anything but safe, orderly, and humane as nearly two dozen migrants drowned in the Del Rio Border Patrol in April. Video reports from Eagle Pass and the Rio Grande Valley continue to show migrants crossing at will. Other reports show the inhumane and life-threatening circumstances that take place in human smuggling operations along the border.
 
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