Highest Gasoline Prices in History Hit All 50 States, National Avg Increased 20 Cents in Just Four Days


Posted originally on the conservative tree house on March 10, 2022 | Sundance

The nationwide average for regular gas is now $4.32 a gallon, according to AAA. Just yesterday it was $4.25. In just a few days gasoline has eclipsed the highest price ever recorded by 20¢.  The previous record was $4.11 in July 2008.  Unfortunately, there is no end in sight.  Anecdotally, my neighborhood gas station went up 75¢/gal in just three days and is now $4.95.

Nationally, Diesel prices are also at record highs, with the average cost at $5.06 a gallon, up almost twenty cents overnight from Wednesday to Thursday.  This will increase transportation costs for all goods being delivered.   The speed of the current rate of increase is very troublesome.

(Current gas price in West Hollywood, Los Angeles, CA)

USA today has an estimate of gasoline prices by state – SEE HERE

What is the current price near you?

During Presser Poland President Andrzej Duda Politely Scolds Secretary Blinken for Making Up “Green Light” Fighter Jet Story


Posted originally on the conservative tree house on March 10, 2022

Polish President Andrzej Duda used the opportunity of a joint press availability with Kamala Harris to correct the record and diplomatically push back against Secretary of State Anthony Blinken for making up the “green light” story {Background Here}.

During the Q&A, Harris was asked about what alternatives there were for the Polish fighter jets that have now been taken off the table in the material support discussions for Ukraine.  When it came time for his reply, President Duda stated:

Duda: “Let me say something more.  We accept that [Ukraine] have the right to demand this assistance from the international community.  They can demand this support from NATO.  We are providing them humanitarian assistance and material assistance the best we can.  We are trying to do our best. 
 
Some expectations were addressed in a very strong and unequivocal way, also towards us — towards Poland.  However, we are members of the North Atlantic Alliance.  And as far as security-related issues are concerned, we have to look at these not only through our own lens — through the prism of the security of Poland — but we also have to adopt the perspective of the security of NATO as a whole. 
 
So, in a nutshell, we have to be a responsible member of the North Atlantic Alliance.  That is why there were requests addressed to us.  Those requests were addressed to us by the Ukrainian side and also, to a certain extent, by the media

Notice those last three words, “by the media.”  The calls from media were an outcome of U.S. Secretary of State Anthony Blinken saying Poland has a “green light” to send fighter jets to Ukraine – without ever discussing the issue with Ukraine in advance.  Poland was blindsided.

We behaved in such a way as a reliable member of NATO should behave — a member of NATO who does not want to expose NATO to any difficult situation.  On the other hand, we, as members of NATO, also wanted and want to look for ways of support for the fight in Ukraine.  And that is why we formulated statements, together with the Polish government — so myself as president, together with the Polish government. 
 
And this statement or this declaration was announced by the Polish Minister of Foreign Affairs.  It talked about the Polish possibilities — military possibilities of assisting Ukraine.  Simply, we decided to put those jets at the disposal of NATO, not expecting anything in return, because we stressed very clearly that, as a gap filler for the donated equipment, we were able to buy something that we would need as a replacement.  And we, ourselves, we’re ready to provide our equipment free of charge. 
 
But we wanted NATO as a whole to make a common decision so that Poland remains a credible member of NATO, not a country who decides on its own on important issues which impact the security of NATO as a whole — which would impact the security of all members of NATO — also our neighbors who are part of NATO — members of NATO. 
 
Thank you.

(Transcript Link)

Secretary Blinken put Poland in a terrible place with their statement implying, directly and intentionally implying, that Poland was sending MiG-29 fighter jets to Ukraine.   Poland had no intent of doing that, and the conversation had never taken place.

On Sunday, Secretary Blinken was trying to create a NATO conflict with Russia by using Poland.  President Duda puts Blinken in his place by saying, “a reliable member of NATO” would never “behave” in such a manner as to put NATO into such a “difficult position.”

It’s a remarkable situation that unfolded.  Again, the media is ignoring it.

(Full Transcript)

Putin Explains the Importance of the Minsk Agreement to Zelensky (2019)


Armstrong Economics Blog/Politics Re-Posted Mar 9, 2022 by Martin Armstrong

Putin was deeply involved in securing the Minsk Agreement long before Zelensky came to power. Although people are calling the current attack on Ukraine unprovoked, Putin attempted to achieve some diplomatic relations with Ukraine regarding the Donbas region and Russian-speaking Ukrainians years ago. Above is a conference in Normandy with Macron, Merkel, Zelensky, and Putin. He directly states that any revision to the Minsk Agreement would “create a situation where nothing can be done.”

Putin also points out to Zelensky that 38% of Ukrainian citizens speak Russian. “I would like to point out that 38 percent of Ukrainian citizens regard themselves as Russian speakers. However, all of the so-called Russian schools will convert to the Ukrainian language starting next year. By the way, as far as I know, the other [national minority] schools – Hungarian, Romanian and Polish – are to start the process in 2023. As if there are more Hungarian speakers than Russian speakers in Ukraine. You must admit that this raises questions to which we have no answers.” Putin admitted to Zelensky that he felt his policies were directly targeting Russians in Ukraine. This has been a topic that Putin has discussed countless times over the years. While the media portrays Putin as a madman for wanting to “liberate” Ukraine, his line of thinking has been public knowledge for a long time and may even be masked behind ill-judged good intentions.

Zelensky now cries that Putin refuses any diplomatic discussions years after the conversation should have begun. Zelensky declined to meet Putin halfway on any negotiations. He had the unofficial backing of the West as they also wanted to punish Russia and prevent it from becoming a major player on the world stage. No one took Putin or his concerns seriously. The attack on Ukraine is Putin’s response to feeling backed into a corner by Zelensky and his Western “allies.”

Putin’s full quote on the matter: “Mr. Zelensky and I have different positions on this issue. Our position is very simple: we stand for the implementation of the Minsk Agreements. The Minsk Agreements say – you can read it for yourself – that Ukraine will be able to start restoring control over that territory, over that section of the border on day one after the local elections. This is what it says. And this process should end after the completion of a comprehensive political settlement. This is what the text of the agreement says. Why should the Minsk Agreements be reopened and revised? All the measures set out in that package are interconnected. If we revise one of them, this will lead to the revision of others and we will lose the agreements and create a situation where nothing can be done. This is our logic, and I believe that it is justified.”

Boycotting Anything Russian


Armstrong Economics Blog/Politics Re-Posted Mar 9, 2022 by Martin Armstrong

Stolichnaya vodka plans to rebrand their product to sound less Russian. This comes on the tail of restaurants, businesses, and bars refusing to sell any product with Russian branding, regardless of the origin. Stolichnaya, which will now be referred to as Stoli, is manufactured primarily in Latvia.

Yuri Shefler, one of the dreaded Russian oligarchs, purchased the Stoli brand in 1997 for $285,000 from a Russian state-owned company. However, Russia’s Supreme Court declared that the sale was illegal. Shefler, a Russian Jew, was prohibited from selling his vodka in Russia. He was accused of misappropriation, Putin deemed him a threat, and Shefler was exiled from Russia in 2000.

Less than 1% of vodka consumed in the US is made in Russia. I am not sure why people believe that boycotting Russian vodka will cause the slightest dent in Russia’s GDP. Putin does not care if you pour vodka down the drain, boycott Russian sports, or decorate buildings in blue and yellow. Instead of coming off as an anti-Putin act of defiance, there seems to be some direct anti-Russian sentiments coming out of these misguided acts.

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India Journalist States This is a War of the West’s Creation


Armstrong Econmics Blog/India Re-Posted Mar 9, 2022 by Martin Armstrong

It is so refreshing to listen to a REAL journalist for once – something was seriously forgotten in America and Europe. Arnab Goswami is an Indian news anchor and journalist, who is the managing director and editor-in-chief of Republic Media Network. He is calling this as it is – a Western creation of WAR against Russia for political purposes. The US and Britain are telling India to join their fight against Russia, which will be to their own demise.

Meanwhile, Poland is putting itself in the line of fire jeopardizing its population inviting Russia to attack it as a ploy to bring in NATO. The Polish authorities announced their readiness to transfer MIG-29 aircraft to the Rammstein base and asked the US to provide “used aircraft with similar operational capabilities”. Poland said ready to immediately agree on the terms of the purchase of these machines. This would put Poland in the direct line of fire just as the Lusitania was used to get the US into WWI.

Unfortunately, governments look upon us as worker bees. They could care less about us and we are so stupid we really think governments are there to protect us when it is always them against us.  Just read Thomas Paine’s opening paragraph. Nothing has changed since 1776. They are trying to wage an all-out war against Russia and are mustering forces but the only defense will then be nuclear.

Yelen’s Comments of Biden’s Order to Regulate Cryptocurrency


Armstrong Economics Blog/Cryptocurrency Re-Posted Mar 8, 2022 by Martin Armstrong

WASHINGTON –  U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets.

“President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.  It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.

Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. We’ll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risks of digital assets and assess whether appropriate safeguards are in place. And, because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level playing field.

This work will complement ongoing efforts by Treasury. Already, the Department has worked with the President’s Working Group on Financial Markets, the FDIC, and OCC to study one particular kind of digital asset – stablecoins– and to make recommendations. Under the executive order, Treasury and interagency partners will build upon the recently published National Risk Assessments, which identify key illicit financing risks associated with digital assets.

As we take on this important work, we’ll be guided by consumer and investor protection groups, market participants, and other leading experts.  Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security.”

Just Try to Listen to Both Sides


Armstrong Economics Blog/War Re-Posted Mar 8, 2022 by Martin Armstrong

COMMENT: Nothing Putin ever says is true. You are on the wrong side.

SF

ANSWER: I understand you are all caught up in the heat of the moment. But just stop. Think clearly and stop making presumptions. Putin’s speech at Davos was excellent but nobody will listen. He was correct. We MUST stop judging countries by problems of previous governments. Otherwise, we should still look at Britain as an enemy.  He actually hit the nail on the head. NATO would not exist unless they retain Russia as an enemy. Putin even proposed to join NATO with the Clintons and they said no way.

He has said the US was developing biological weapons in Ukraine on its borders and Nuland has indeed confirmed that. China has made the same allegation that the US has been developing biological weapons on its border. The West does not always tell the truth either. You need to keep an open mind, stop being psychologically manipulated, and look at the issues face value without a predetermined outcome.

If we do not do this, the hotheads will bring rain down upon us all with nuclear weapons for someone will push the button if they are about to lose. We need a peace maker – not a warmonger.

The End of Cryptocurrency Coming?


Armstrong Economics Blog/Cryptocurrency Re-Posted Mar 8, 2022 by Martin Armstrong

I warned ion the private blog that cryptocurrencies may end up being suspended. The excuse will be Russia and the news is out now that Biden will sign an Executive Order to regulate cryptos because Russia can use it to circumvent sanctions. Not only is Biden authorizing the regulation of digital currencies, but he is also instructing to move forward with a central bank cryptocurrency. Once that is done, all other cryptocurrencies will be seized and folded into the government’s crypto. There will be no competition. Money historically has also been the Divine Privilege of Kings and Tyrants.

Biden is now proposing to ban all Russian Energy sales to the West. Prices will rise sharply still and Biden is blaming Putin claiming this is the “price of freedom” for Ukraine which is all BS so governments can avoid responsibility for the collapse in the supply chain thanks to COVID and their shutting down fossil fuels for Climate Change.

Now it is time to blame Putin for the continued rise in gasoline which is their agenda to save the planet. Their clock in NYC that they were telling the world we had only 7 years left if we did not ban fossil fuels is being accomplished under the pretense of “freedom” for Ukraine.

Macron desperately needs this war to fulfill his agenda and role in the grand scheme. Macron has been arguing for a European Army and they need this war to justify not NATO, but a new EU Army that is not bound by NATO rules and treaties. The EU Commission has been working on its proposal to establish a joint budget for the Eurozone since 2017, which is the endgame of federalization. The aim was to cement the monetary union in place and thereby prevent any more BREXIT nonsense from their view. Now they are pushing to issue an EU Bond and they are now using this war with Russia as a power grab to federalize Europe.

We now have private companies throwing Russians out in every possible context. The Russians have replaced the Jews of Germany. They are now regarded as swine and nobody should do any business with them whatsoever. This war is part of the Great Reset. They can no longer fund the governments and Keynesian Economics has collapsed. This is all part of the agenda and it is being carried out in sequence.

Just like Project Northwoods that President Kennedy rejected, they proposed killing Americans and then blaming it on Cuba to justify an invasion. They will now carry out a cyberattack and blame Russia. Putin offered peace terms that were reasonable. Let the two provinces become independent as they sought since the 2014 revolution, and relinquish any claims to Crimea. Zelensky takes his orders from the West and flatly rejected any proposal. Now Zelensky claims he is open to discussions. If he does not agree insisting that the only thing acceptable is total withdrawal by Russia which he knows is impossible, then this is a warning he is taking his orders from the West – not his people. This war is desperately needed to federalize Europe, default on national debts that can no longer be serviced, and end fossil fuels for the Climate Change zealots. Will they create a false flag and claim Russia violates whatever agreement if it can be made?

The Ukrainian people are pawns in this political game for the Great Reset and the dream of a one-world government. They have made it very public. The US will no longer be a superpower, and democracy will be terminated. Already, the EU is the model. The head of state nor the European Commission stand for election – ever. Trudeau in Canada has even publicly committed Canada to Schwab’s Agenda 2030.

These sanctions and private aggression toward anything connected to Russia will drastically implode the World Economy. There are Russian private citizens who own gas stations who are being targeted. NJ Governor wants to shut down Lukoil gas stations. This is no different from the discrimination against blacks or the Jews. But it is now all perfectly OK – obedience to authority!

This is all shaping up as intentional. The same agenda I have warned about that, especially Europe can no longer fund its government because of perpetual negative interest rates. I have reported that the top US banks were not accepting European sovereign debt as collateral. The crisis of ver debt in Europe began with the REPO Crisis in August 2019 when US banks would not lend overnight to European banks. That spread to the Sovereign Debt.

This war is being deliberately orchestrated. There is nobody interested in calming the situation. Every excuse to raise the Iron Financial Curtain is being carried out. The sanctions imposed on Russia for Crimea are still in place. Once sanctions are imposed, they will NEVER be removed. China is now moving full-steam-ahead to replace SWIFT, which stood tall when Obama wanted to remove Russia and they refused to allow SWIFT to be used for politics. Now SWIFT has lost all integrity and the price we are witnessing is the collapse of the world economy.

The US and Europe will become isolated and the world is being torn in half. This is what our computer has been forecasting for post-2032. Our computer has never been wrong on its major forecasts for it is NOT biased like human analysts. Some are reporting that Russian businesses in Germany are being attacked with windows smashed. Instead of the Jews, this time it will be Russians.

This forecast was made back in 1985. We reported that 2016 would be the first time a non-politicians would win and that turned out to be Trump precisely to the day of the Pi target. From 2020 we would see a commodity boon on shortages, rise in civil unrest, the disease cycle, and our war cycle were all coming together. We also warned that post-2032, China would emerge as the new Financial Capital of the World. These forecasts were not personal opinions. NOBODY can make correct forecasts for so many years based upon personal opinion. Anyone who claims to be so lucky is making that up.

The government wanted our models when they saw they were even forecasting the rise and fall of governments. We forecast the fall of Russia in 1998 which led to the collapse of Long-Term Capital Management and the first bailout by the Federal Reserve. (Watch interview on Highwire)

For all of those who said Bitcoin replaced gold and the dollar, if they didn’t bother to look at a chart, it has been declining since last November when this plot to create a war was hatched.

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Leaders of Saudi Arabia and the United Arab Emirates Refuse To Take Biden Phone Calls, Both Spoke to Vladimir Putin


Posted originally on the conservative tree house on March 8, 2022 | Sundance

Remember when Joe Biden tried to claim, because of his election, the U.S. was respected again?  Yeah, well, not so much.

Apparently, the Biden administration planned to go hat in hand to the Middle East for help with oil production.  However, Saudi Arabia and the UAE refused to even take Joe Biden’s calls.

(Wall Street Journal) […] Saudi Crown Prince Mohammed bin Salman and the U.A.E.’s Sheikh Mohammed bin Zayed al Nahyan both declined U.S. requests to speak to Mr. Biden in recent weeks, the officials said, as Saudi and Emirati officials have become more vocal in recent weeks in their criticism of American policy in the Gulf.

“There was some expectation of a phone call, but it didn’t happen,” said a U.S. official of the planned discussion between the Saudi Prince Mohammed and Mr. Biden. “It was part of turning on the spigot [of Saudi oil].”

[…] One U.S. official said the Biden administration has worked diligently to strengthen Saudi and Emirati missile defenses, and that America would be doing more in the coming months to help the two Gulf nations protect themselves. It may not be all the two countries want, the official said, but the U.S. is trying to address their security concerns.

But the Saudis and Emiratis have declined to pump more oil, saying they are sticking to a production plan approved between their group, the Organization of the Petroleum Exporting Countries, and a group of other producers led by Russia. The energy alliance with Russia, one of the world’s top oil producers, has enhanced OPEC’s power while also bringing the Saudis and Emiratis closer to Moscow.

Both Prince Mohammed and Sheikh Mohammed took phone calls from Russian President Vladimir Putin last week, after declining to speak with Mr. Biden. (read more)

MBS and Sheikh Mohammed are not blind.  They know the Obama-Biden teams support the Muslim Brotherhood who are the political wing of the Islamic extremist figures creating unrest in the Middle East.

Biden Announces Ban on Russian Oil Imports, Simultaneous With US Gasoline Prices Hitting Record High


Posted originally on the conservative tree house on March 8, 2022 | Sundance 

line hit $4.173, according to the American Automobile Association, with many regions now far exceeding that price.  It is not uncommon to see $5/gal gasoline in many areas.

Against this backdrop, Joe Biden announced today that his administration is banning the import of oil, liquified natural gas (LNG) and coal from Russia.  [We do not import LNG or coal from Russia, so that political point is moot.]  You can read the executive order HERE.

The executive order also bans any U.S. entity from investing or facilitating the investment of Russian energy development.  That section explains why there were earlier reports of Oil companies withdrawing from Russia.  They were obviously given a heads up.

The way the order is currently written, and a lot of it has to do with extremely generous interpretations by the U.S. Treasury Dept., it would appear that any energy company currently operating in the U.S. cannot simultaneously be operating in Russia (or be part of the subsidizing and insurance network that supports energy development in Russia).  The Treasury interpretations here are fraught with complexity.

The part that matters is boiled down in this section:

(i)    the importation into the United States of the following products of Russian Federation origin:  crude oil; petroleum; petroleum fuels, oils, and products of their distillation; liquefied natural gas; coal; and coal products;

(ii)   new investment in the energy sector in the Russian Federation by a United States person, wherever located; and

(iii)  any approval, financing, facilitation, or guarantee by a United States person, wherever located, of a transaction by a foreign person where the transaction by that foreign person would be prohibited by this section if performed by a United States person or within the United States.

     (b)  The prohibitions in subsection (a) of this section apply except to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or license or permit granted prior to the date of this order.  (LINK)

The European Union cannot cut themselves off from Russian oil and natural gas.  Europe relies on imports for 90% of its gas and 97% of its oil products. Russia supplies 40% of Europe’s gas and a quarter of its oil. {source}  Essentially, China and the EU will continue to be the largest purchasers of Russian energy.

The White House is looking to replace Russian oil by purchasing from Venezuela, Iran and, to a lesser extent, Saudi Arabia.   In some ways, you can look at this oil purchase shift as a continuation of President Obama’s intent to exfiltrate American wealth.  Iran and Venezuela become the favored nations again, as they were in the Obama-Biden administration 2009-2017.

Ideologues who have always operated in the background of Biden are working on the same program to consign the U.S. economy as a permanent “service driven economy.”  The difference now is the rapid speed of their policy outcomes, because Biden is disposable.

Biden-Obama, and all that come with them, are working through an ideological plan.  All of these consequences and outcomes are features, not flaws.

$7/gal gas is likely this summer (if not sooner), that’s around $180 to $200 barrel oil price.

$10/gal gas appears to be their ‘Build Back Better‘ target price with oil around $250/barrel.

The Russia-Ukraine ‘crisis’ just helps them justify and speed up the process they already had underway.   I would argue the speed of their action is driven by their concern of a mid-term election outcome that might impede the bigger objective.

White House Press Release HERE –  Executive Order HERE