I reported on the Private Blog that I had a copy of the legislation and I was told it would be introduced today – Monday 28th. That info was correct. Well, here it is!. Reps. Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.), and Rashida Tlaib (D-Mich.), all Democrats, have introduced the “Electronic Currency And Secure Hardware Act” (ECASH Act) that does far more than just creating a digital currency. This Act cleverly strips the Federal Reserve of its authority to create the money. I wrote:
Next week there will be a bill introduced which will be entitled ECASH (Electronic Currency and Secure Hardware Act. This is in response to President Biden’s Executive Order on Ensuring Responsible Development of Digital Assets to develop the digital dollar design, including assessments of financial inclusion, possible benefits and risks for consumers, existing payment systems, and national security.
ECASH is very clever for it is actually transferring the creation of the currency from the Federal Reserve to the US Treasury or in other words the White House. The Treasury will distribute DIRECTLY to the public via a secured hardware device which will be something along the lines of like a vending machine. All of those who have created conspiracy theories about banks that own the Fed will now have to switch their theories for the creation of money will now reside in the White House.
Here is the catch, it will be anonymous so it will not be trackable like Blockchain cryptos. People will cheer that, but there will be that infamous Catch 22. Individuals may be restricted to having a maximum of $2,000. That means all money will need to be deposited so it is a covert way of canceling the currency. But they are not dealing with that issue just yet. The end goal here is to force all money to be above board for the purposes of taxation. So it may actually result in creating more of a barter economy.
There will be no centralized ledger or distributed ledger for it will be non-traceable thereby better than crypto. It is to utilize secured hardware software and it’s issued by the Treasury which eliminates the Federal reserve putting the creation of money in the hands of the White House. They are clever for this will be fully anonymous transactions just like paper money today rather than Blockchains that are designed to track every transaction, which means the government can therefore tie every transaction to the sender and receiver.
This will not change the banking requirements of know-your-customer rules. The ECASH you will get via a bank account, peer-to-peer transaction. Thus, retail will not change from the currency acceptance of cash. The sales pitch is this will still serve people who are unable to hold bank accounts due to minimum balance requirements, or those who do not trust banks because banks may charge fees or freeze funds. However, what they are not telling the press is there will be limits so you can not move $1 billion to ECASH – try $2,000.
Simultaneously, Biden is introducing the “Billionaire Minimum Income Tax,” imposing a 20% minimum tax rate on U.S. households worth more than $100 million, even though they are not billionaires. The sales pitch is typically Marxist where the minimum tax would make sure that the wealthiest Americans no longer pay a tax rate “lower than teachers and firefighters.” To the Democrats, the problem is always the rich not that they spend more than they have and constantly bribe the public to pretend they are Santa Claus. They claim this will reduce the deficit by about $360 billion in the next decade. What they are NOT telling the people is this is Elizabeth Warren’s WEALTH TAX.
So anyone who pays less than 20% will have to “top-up payment” to meet the new minimum. However, the DANGER here is that “this new minimum tax will eliminate the ability for the unrealized income of ultra-high-net-worth households to go untaxed for decades or generations.”
That means if you own a company or even a house, and the CURRENT market value rises to whatever the IRS uses, guess what, you will have to pay 20% tax on the value of your stocks, company, or your home. This is the alternative to his attempt to track every $600 transaction to get those evil billionaires who they seem to define as everyone but themselves.
They used the same clever trick to get the income tax passed back in 1913. Only evil people who earned more than $3,000 a year would have to pay. Of course, $3,000 in 1913 was 150 $20 gold coins and that at $2,000 an ounce today is $300,000. So they pitched it as targeting the millionaires, but it came down to less than the millionaire just as they are doing today with the billionaires.
Just as now EVERYONE must file income tax or go to prison, the WEALTH TAX will also come down as they constantly need more money. So if your house doubled in value, you will have to pay 20% of that value to the IRS even if you did not sell it. And then, if it drops by 50% next year, you will NEVER get a refund.
So the hatred of anyone who has more than the lower homeless person is always on their agenda. They will continually change the definition of the rich until everyone who has a job is now the “privileged” rich.
During the Great Depression, this vile group who looks down upon society from above was defined as those who made $5 million. That collapsed to $250,000. The definition will ALWAYS be redefined to maximize their revenue whenever they need it.
Anyone who votes against it will be targeted as supporting Zuckerberg, Gates, etc. WEALTH TAX will destroy the foundation of America, end the benefits of investing for retirement, and serve as the final nail in the coffin of the United States.
Posted originally on the conservative tree house on March 28, 2022
Joe Biden said the western alliance would target any country that violated the sanctions against Russia. Specifically, after a lengthy telephone call with Chinese Chairman Xi Jinping on March 18th: “President Biden made clear the implication and consequences of China providing material support, if China were to provide material support to Russia, as it prosecutes brutal war in Ukraine,” the senior administration official said, “not just for China’s relationship with the United States, but for the wider world.” (link)
Today, ten days later, China just called Joe Biden’s bluff.
China announces they will violate the western sanctions and continue to purchase crude oil and gas from Russia.
HONG KONG — Chinese state energy company Sinopec will continue to buy crude oil and gas from Russia, a top executive said on Monday, even as Western democracies step up sanctions in response to the country’s invasion of Ukraine.
The company, known formally as China Petroleum and Chemical, is involved in two major projects in Russia: an oil and gas production joint venture called Taihu in the Volga-Ural petroleum basin in western Russia with state-owned peer Rosneft, and the development of the Amur gas chemical complex and processing plant with Sibur in the Russian Far East, adjoining China.
Sinopec holds a 10% stake in privately owned Sibur.
During his company’s annual results call on Monday, Sinopec President Yu Baocai noted that it bought both crude and gas from Russia last year.
“We will also continue to do so in accordance to commercial principles and international trade regulations in the future with all trading partners in order to develop normal oil and gas trading cooperation,” he said.
Yu provided no figures, but said the buying is in line with the company’s strategy of “diversifying import sources.” Key considerations, he said, include supply types, price, transport costs, tariffs and supply stability.
Referring to Sinopec’s projects in Russia, Yu said that both are “operating stably in general for the time being, and there are no indications of impairment.” (read more)
As far as geopolitical chess is concerned, Chairman Xi just put Joe Biden in ‘check.’
There is no way Joe Biden is going to challenge or confront Xi Jinping directly. However, the intent of the western alliance to change the landscape of economics, trade and finance for the rest of the world is now directly being tested. We can also look at this like China testing NATO.
This Tweet by Biden has effectively confirmed we are entering World War III and this is intentional. The sales point is this is Democracy, which we do not have otherwise the people would be voting on war or peace, not his staff, and autocracy, which in this case is no different. The decisions in the Washington and Moscow are being made by the elite – not the people in either country. Of course, Putin’s demand that Zelensky allows the Donbas a free election is what is being denied and the press wants to pretend this is about democracy when it is not. I have plenty of Ukrainian friends and they too did not vote for war.
So, unfortunately, they will stir up the emotion to hate Putin so they get their way. But this is the end of Western civilization as we have known it. Socrates will be correct again. Every step Biden is taking is to end Western Civilization as we have known it. Post-2024 into 2032 will be the worst of it. But for now, the computer is pointing to 2023 and the start of serious violence globally. This is NOT what the world has voted for. This is why I have warned that REPUBLICS are the worse form of government and they are indistinguishable from the pretended autocratic government we are supposed to be willing to die to end.
This reminds me of the story of Croesus, king of Lydia. He asked the Oracle at Delphi if he waged war upon Persia would he win. The Oracle replied – a great empire will be destroyed. He took that as his victory. He lost and the collapse of the great empire was his. Ah how stupidity causes history to repeat.
Posted originally on the conservative tree house on March 26, 2022
Tonight, President Donald Trump travels to Commerce, Georgia, for a rally at the Banks County Dragway (formerly international speedway). President Trump will be delivering remarks in support of David Perdue Candidate for Governor, Herschel Walker Candidate for U.S. Senate, and other endorsed candidates from the state.
The anticipated start time for President Trump’s remarks is 7:00pm ET. Rumble Links Below:
QUESTION: Marty; I remember when the Chinese central bank said they were using capital flow analysis which is your model. You said China should buy US debt directly from the Treasury and not the NY bankers. They did that in a matter of weeks. So when they say they are on the right side of history, are they talking about your model forecasting they will replace the US as the financial capital of the world?
NH
ANSWER: You have to understand that Asians believe in cycles. They are part of their religion. Richard E. Nesbett wrote an interesting book entitled “The Geography of Thought, How Asians and Westerners Think Differently … and why.” He attributed his work to a Chinese student who said, “You know, the difference between you and me is that I think the world is a Circle, and you think it’s a line.” He goes on to quote him:
“The Chinese believe in constant change, but with things always moving back to some prior state. They pay attention to wide range of events; they search for relationships between things; and they think you can’t understand the part without understanding the whole. Westerners live in a simpler, more deterministic world; they focus on salient objects or people instead of the larger picture; and they think they can control events because they know the rules that govern the behavior of objects.”
In my 40 years of dealing with governments, I NEVER had to explain cyclical theory in Asia – only to American & European who do think always on a linear basis. They apply this to analysis like climate change. The temperature has risen say 5 degrees on years and they project that out and say we will all die in 7 years. NEVER does the West ever forecast cyclically – it is always linearly.
China understand cycles – we do not. They understand the rise and fall of empires, nations, and city states. They understand that Communism failed for it tried to defeat human nature. They see the future cyclically and that is what they are saying that they will be on the right side of history. They know the West is crumbing from within. The time that the US hands that title to China is upon the doorstep. The West has done nothing but try to force their ideas upon everyone abandoning freedom and they have introduced the cancelation culture. We have lost all the values that made America great. It is time for Europe and American to die the same way all empires die, by their own hand of suicide.
China being on the “right side of history” means they know the United States is declining and they will step into the void. They can “feel” it with or without my models.
Posted originally on the conservative tree house on March 25, 2022
The Federation of Indian Export Organizations (FIEO) announced today they are likely to have the financial mechanism for a Russia-India currency exchange and trade process in place within a week. Previously, India announced their decision to continue purchasing oil from Russia despite the western sanctions. Prime Minister Modi is a pragmatic, tactical and shrewd business-minded politician.
India is becoming a major player in the geopolitical world, as recognized by former President Trump during his Indo-Pacific trade partnership discussions. The population of India is over 1.4 billion people, and they are industrializing as a more democratic counterbalance to China. Prime Minister Modi has been a key political leader in generating economic alliances to the benefit of his nation, while maintaining a prudent stiff-arm toward the influence of major multinational corporations.
(Via CNBC) – India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday.
The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The FIEO, a government-backed association representing over 200,000 exporters, oversees India’s export promotion councils.
India’s finance ministry and the Reserve Bank of India have not commented so far on the mechanism, which would let Indian exporters continue their business with Russia even after Western sanctions restricted international payment mechanisms. The arrangement would also allow India to buy Russian energy exports and other goods.
Sakthivel said the Indian government is working on a proposal to allow four to five nationalized Indian banks to be engaged in the trade, and there have been consultations between the central bank governor, the finance minister and banks. (more)
(Left to Right) – Xi Jinping (China), Vladimir Putin (Russia), Jair Bolsonaro (Brazil), Narendra Modi (India) and Cyril Ramaphosa (South Africa), the BRICS group.
REMINDER – Stand back and look at the biggest of the big pictures.
A Build Back Better society, or “great reset”, is factually underway as triggered by the gateway of SARS-CoV-2 and the massive spending by western nations to subsidize the lockdowns, shut-downs, economic closures and forced unemployment.
Global inflation is being driven not only by the American spending spree, but also by the massive government spending programs of the EU, U.K, New Zealand, Australia, Canada and many western nations.
The bills for those subsidies and bailouts are due. The labor of the citizens is going to have to pay those bills, while simultaneously we deal with inflation and massive debt balances on all nations’ balance sheets.
Into this mix comes the very real possibility of a declining U.S. trade dollar, as a result of geopolitical conflict between the west and Russia, China, Iran and OPEC in the geography of Ukraine. The financial sanctions by NATO and western allies have factually created a rift in currency exchange valuations.
As the proverbial west hammers those sanctions even harder and more deliberately, what they are doing is creating a stronger and greater likelihood that the dollar will be removed as the global trade currency, and we will enter a phase where two sets of nations exist:
One set of nations will run their economy on oil, gas and fossil fuels. The other set of nations will be focused on running their economic engine on the premise of sustainability, or renewable energy.
The sanctions toward Russia actually help to drive this chasm even wider.
To me, this looks entirely purposeful – done by specific intent and design.
Two world groupings. One group, oil-based energy (traditional) – let’s label them the RED GROUP; and one group GREEN energy (the build back better plan). It is not accidental these two groups hold similar internal geopolitical views and perspectives.
♦ The important part to see is… there are going to be two sets of nations with two structurally different economies. A red group and a green group.
These two groups are going to end up in competition with each other. It is as inevitable as sunrise, if you can see this cleaving I am talking about.
Now, think about the economic system of trade that exists between the Red and Green groups. There has to be a way for them to exchange value if they are going to purchase from and sell to each other.
Additionally, and this is *key*, the Red group is going to have a strong strategic advantage in production costs. The Red group is going to be using oil, coal and gas (fossil fuels), which are abundant, cheap and the infrastructure is already in place.
The Green group is going to be at a strong disadvantage, at least for a generation or two, as the costs associated with the production of goods and systems is going to be much more expensive to operate, as the transition into Build Back Better sustainable or renewable energy takes place.
In the macro view, stuff from the Red group is going to be cheap. The exact same stuff from the Green group is going to be more expensive.
If you are still with me, hopefully, you can see how this is all coming together.
♦ The western debt incurred during COVID-19 is a problem. However, this debt diminishes with inflation. A $20 trillion debt is not as big a problem when bread costs $100/loaf and people are earning $50,000 a month. The Green group is entering into this position. In this position, the BlackRock approach of physical ownership of real estate and physical stuff is way more important than holding money or dollars which will immediately lose value. Physical ownership of stuff is important.
♦ It is likely, based on the economic alignment, the Green group will be forced to assemble under one currency (set of financial valuations), and the Red group will then assemble under their own currency (set of financial valuations). My hunch is the western group (green) will use a digital currency.
Once both sets of currencies are established, then trade between the Red group and Green group can be determined based on a central valuation done by, say, The World Bank. In the Red group, a 20″ tire is worth 100 red bucks. In the Green group, a 20″ tire is worth 150 digital green bucks. Two vaults and two exchanges.
In order for all of this to come together, the population needs to be shifted in their perspective of money and material value. That takes us back to where this conversation started: “owning nothing and being happy” is akin to “prizing experiences over possessions.”
The Western (green) financial mega-system operators are going to own the physical assets, and the people will live under that ownership – a modern structure of serfdom so-to-speak. In the largest nations within the Red group, that social system (essentially) already exists – India is a prime example.
If we can get President Trump back into office, and then rally massive support around him, he will dismantle this handbasket they are determined to put us into. However, I see no one else who is even remotely up to this challenge. We need Trump!
While the Neocon strategy of DEMONIZING an adversary as they have done to Putin, the very same strategy was used to get people to absolutely hate Donald Trump. The more someone hates Trump still, the more susceptible they are to simple techniques of mind manipulation. This has led many to cheer for the Ukrainians to defeat Russians and we have the White House calling Putin a War Criminal when you could say the same thing about the US leaders that started the endless saga of wars on false pretenses or took out civils with drones when they wrongly thought they were terrorists.
The White House appears to be under the influence of the Neocons who just always advocate war. Make no mistake about it, these Neocons are not confined to just the Democrats or Republicans. They share a love for war and the hatred of everyone they perceive to be an enemy. It’s tempting to think that Putin will suffer a defeat and democracy could revive in Russia, but a more likely scenario is total world chaos. Russia is also comprised of Muslims who number about 14 million or roughly 10% of the total population. Then there are different cultures and you will see internal chaos and separatist movements armed with nukes.
Putin is not a fool and he is actually honoring his word. He is not trying to conquer Ukraine. His column of tanks had stopped as a show of force and intimidation. He has not ordered just total annihilation. The US strategy is we go in and flatten everything targeting water and power grid. Put took the power station but did not turn off the power. The West portrays this as Putin is stalled and the Ukrainians could defeat the Russians. But this seems to be propaganda all designed to wear down the moral of the Russian troops and sway public opinion for Ukraine.
While the press also portrays that Putin’s nation has now been subjected to an isolation greater than any nation has ever experienced by any major power in history, it was US sanctions to cut off the fuel to Japan that caused them to attack Pearl Harbor. There were later even Congressional investigations into FDR and did he deliberately try to create a situation to get the USA into World War II. Congress simply said the allegations were inconclusive.
Since late February, Russia has been hit with punishing economic, trade and financial sanctions. Putin struck back and said all energy sales to unfriendly nations will now be in Rubles. Saudi Arabia also agreed with China to sell oil in Yuan. These are historically critical events that have torn the world economy asunder. There will NEVER BE A RETURN TO NORMAL.
So while the Western Press cheers and reports that Russia is careering toward a debt default, they forget that the default will be on the West. A very rapid technological decoupling is also underway dividing the world economy and that will threaten free trade and the end of economic growth. Indeed, US GDP Growth rate peaked in real terms.
The mass withdrawal of American firms from Russia will have a profoundly negative impact moving forward and the world economy is shrinking rapidly. Russia isn’t some weak power like Iraq. Russia is a major power whose population was, until recently, deeply connected to its larger global environment. The White House thinks that Russians will blame Putin rather than Biden. Eastern European states like Serbia and in the Middle East are looking at the United States as the problem being arrogant and interfering in everyone else’s affairs. It is without question that the United States has declare war on Russia. This is how World War II began with countries attacking one another in the financial markets.
So while the Neocons lick their lips at the thought of overturning Putin and controlling Russia before they turn on China, they are clearly not looking long-term. They took out Saddam Hussein who kept the religious zealots in their place. Once he was removed, the Middle East saw the rise of ISIS. The US has been covertly funding the Ukrainian Nazis to keep up their fight against Donbass.
Let us may no mistake here. The Neocons pushed and funded through the CIS the Taliban for then they were the anti-Soviet resistance. The CIA Special Activities Division sent paramilitary officers to equip the Mujihadeen forces against the Soviet Army. The US therefore funded Taliban mainly to assist in ending the Soviet’s occupation in Afghanistan. However, the Neocons can never think past the end of their nose. They have no long-term strategies, only win what is immediately in front of them. The taliban benefited from expanded foreign military support from the United States. They then used that training against US troops who were in search of terrorists from 911.
The foolish view among the Neocons is they think bringing Democracy to the Middle East or now to Russia and China will somehow make them friends or stable is an absolute joke. The idea of creating a “Moscow Spring” by punishing the Russian people until they do what the CIS and Neocons demand does not make the costs of conflict lead worth it. Marx brought his ideas and it cost over 200 million lives to install communism. America is hated for its interference by the Neocons in many circles.
Both China and Russia have American arrogance as a common enemy and the Russian or Chinese people will not send them flowers and Xmas cards thanking them for destroy everything they have built since 1989. However, RELIABLE sources in the Middle East, the UAE, Egypt and even Israel are angry over Biden’s sanctions. Yet the Neocons claim that total isolation forced regime change in South Africa. However, they also had no military power to fight back. That is like claiming a fight is fair with one kid has a rubber band and the other a baseball bat.
Somebody in Washington needs to start thinking strategically and realistically about this endeavor to isolate Russia for all that is unfolding at a rapid rate is the disintegration of the world economy. In 1989, then President George H.W. Bush understood there were serious risks with the collapse of the Soviet Union and Communism. Russia is big and powerful enough that its role in the world economy is vital to the overall health of the international order . The US NEEDS Russia as an economic friend not and adversary for nobody will win with that result.
The Western propaganda is that Russia and China represent authoritarian rule. However, Western governments are no better. Sure, we have elections but then the candidate arrives in Washington and they are told they will vote according to the Party Agenda rendering the image of free elections only just that. In Europe, the people do not vote for the Commission which makes the laws nor for the head of state. We do not live in a Democracy for the people never are allowed to vote on an issue like war or peace.
The likelihood of Putin being overthrown and Democracy is sudden born has less than a zero change of ever being correct.
Ihor Kolomoisky is the Oligarch who funded Zelensky and put him in a position to be president. However, this is the very same Kolomoisky who had a “controlling interest” in Burisma Holdings, that employed Hunter Biden as a board member for a widely reported salary of $50,000 per month. Russian media, quoted in State Department emails, referred to Burisma as “part of Kolomoisky’s financial empire.”
It was the same Kolomoisky who publicly said in 2019 that he REFUSED to cooperate with efforts by President Donald Trump’s personal lawyer, Rudy Giuliani, to get his help in investigating Hunter Biden and Burisma. House Democrats’ impeachment report on Trump also cited the incident in late 2019 as grounds for impeachment.
Emails from 2015, published last year by the New York Post, show a Kolomoisky protege communicated with Hunter Biden about a meeting between the protege and Joe Biden, then vice president under President Barack Obama. Then court filings from 2019 by a private investigatory firm alleged that legally obtained bank records of Hunter Biden show payments to him from the Kolomoisky-owned PrivatBank.
The REAL character of Zelensky is revealed in his actions. As soon as he became President. Volodymyr Zelensky decided to fire Prime Minister Oleksiy Honcharuk and several leading reformers. Ukraine paid a heavy price for the move in capital outflows and soaring borrowing costs. There was talk of Zelensky finally breaking with leading oligarch Ihor Kolomoisky, but that never took place.
Kolomoisky’s supporters initially prevented a second reading of the banking bill through “legislative spam”, the proposal of thousands of frivolous amendments. Zelensky used COVID to distract people concerning reforms. There was no major effort to make the IMF-backed reforms. The IMF dropped its effort of the long-term Extended Funding Facility for Ukraine to encourage reform to a new policy of a smaller, short-term Stand-By Arrangement, which is confined to budgetary support. Zelensky could have just fired Honcharuk. But instead, he gradually picked off nearly all the ministers who had reputations as reformers. Everything he promised was never carried out. Instead of solving the Donebass dispute, he promoted joining NATO and deliberately antagonized Putin.
All the promises of reforms wooed the European Union, but there was no substance. There were rising concerns that Zelensky was actually selling out to the very people who had run the country under Yanukovich and many saw this as a confirmation that Zelensky was in hock to Kolomoisky. Zelensky never distanced himself from Kolomoisky. In fact, during the election, Igor Valeriyovych told Igor Oleksiyovych that working for Poroshenko was in vain. Kolomoisky allegedly said to Igor Hryniv: “My boy and my girl will be there in the second round anyway”, referring to Yuliya Tymoshenko and Volodymyr Zelensky. Nevertheless, the Kyiv Post reported the allegations that Kolomoisky was behind the release of a tape of Honcharuk mocking Zelensky’s economic knowledge.
Kolomoisky pushed hard for compensation for the nationalization of PrivatBank – which he co-owned until 2016 when the government took control of it due to the $5.6 billion hole in its balance sheet. But the real economic payback appeared to occur elsewhere, as the government showered debt and delivery favors on the Kolomoisky-controlled Ukrnafta and Centrenergo. The government opened corruption cases but seemed to concentrate on Kolomoisky’s enemies from the National Bank of Ukraine and the interlinked leadership of the Investment Capital of Ukraine, often dubbed “[Petro] Poroshenko’s bank”, after the former president.
Here we have Hunter Biden taking money from Kolomoisky who just so happens to be the backer of Zelensky. Biden then hands Zelensky $13.6 billion in aid to fight off the evil Putin. I seriously doubt that money will go to aid Ukrainians.
The corruption in Ukraine is so bad, it may even rank as the #1 black hole in the entire world. When will the West wake up?
City National Bank is considered Hollywood’s “bank to the stars” and was acquired by the Royal Bank of Canada (RBC) in 2015. A group of over 65 clueless celebrities thirsting for attention are attempting to create a movement called “No Dirty Banks” to dissuade the RBC from investing in fossil fuels – period.
As Canada’s #1 fossil fuel bank, and the fifth largest in the world, RBC is deeply implicated in the Canadian tar sands – one of the most toxic sources of oil on the planet, that has devastated Indigenous lands, and destroyed pristine boreal forest.
Though RBC claims to be a leader in climate-conscious banking, since acquiring CNB in 2015 RBC has spent over $160 billion, making it one of the world’s most aggressive financiers of the tar sands and fossil fuel extraction.
RBC and CNB must stop funding fossil fuel projects, especially fracking and tar sands. At the source of extraction, Alberta tar sands exacerbate the climate crisis, and are why Canada is unable to meet its international climate commitments.
Between the signing of the 2015 Paris Agreement and the end of 2020, the world’s 60 biggest banks, including RBC, financed fossil fuels to the tune of $3.8 trillion. Fossil fuel funding fuels climate chaos and threatens the lives and livelihoods of millions.
Bankrolling Coastal GasLink is just the latest example of RBC covering up their role in violating Indigenous rights, not upholding free, prior and informed consent as outlined in UNDRIP, and making the climate crisis worse.
These celebrities are known to live lavish lifestyles and are frequently spotted on private jets and yachts. They live in massive homes and drive numerous cars. The self-declared elite wants the peasants to curb their energy usage while they continue to consume far more than the average taxpayer. These people have no idea the implications of reducing funding for fracking and a pipeline amid a serious energy crisis. The average person feels the burden at the pump or while paying their monthly utilities, while the liberal Hollywood puppets do not. This is another example of the liberal stronghold on Hollywood as publicists continually ask their “stars” to promote the Build Back Better agenda in a twisted attempt to seem empathetic.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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