Category End of Capitalism

Jul 16 2022

Cunning Senator Manchin Tricks West Virginia Voters, Senator Stalls $500 Billion Green New Deal Energy Legislation, Democrats Demand Removal from Chair of Energy Committee


Posted originally on the conservative tree house on July 15, 2022 | Sundance 

Joe Manchin didn’t completely torpedo the $500 billion in Green New Deal climate change spending, but he did stall it for a month saying he would not support the climate change spending until he sees July’s inflation numbers in August, which should be a warning.

If you think carefully about it, it’s a classic Manchin head-fake.  The July and August inflation numbers, to be released in August and September respectively, are almost guaranteed to be lower than June.

July/Aug are the two months we are in right now where inflation is hitting a plateau.  Gasoline prices are dropping due to a drop in demand. This is the period before prices start rising again in September and October when the energy farming costs start to roll out with the next harvest.

Senator Manchin isn’t stupid; in fact, he is quite Machiavellian, he knows this… thus, his position.

Manchin can give the illusion of prudence, but he knows the July inflation rate will show a decrease for two reasons.

First, in the month-to-month comparison, July will not carry the same scale of gasoline and energy increases as June.  Second, in the year-over-year comparison, July ’22 will be comparing to July 2021 when prices already started skyrocketing.  Bottom line, July inflation will give the illusion of dropping, which gives Manchin a shield to support the spending…. and he will.

WASHINGTON DC – Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs, or try to negotiate a larger bill in September that includes climate and tax reform with no guarantee it will pass.

The West Virginia Democrat said Friday that he wants to see another month of inflation numbers before considering legislation that might increase taxes on some higher-income Americans and plow hundreds of billionsof dollars into the energy sector. On Thursday Manchin “unequivocally” rejected July or August approval of Democrats’ proposed energy investments and tax increases in a meeting with Senate Majority Leader Chuck Schumer, according to a person briefed on the meeting.

[…] Democrats are reeling after Manchin’s communication to Schumer indicated that climate change and tax provisions are unworkable for any party-line bill considered this summer. Fury is building within the party, with Sen. Martin Heinrich (D-N.M.) questioning whether Manchin should continue to chair the Senate’s Energy committee.

[…] Manchin had sought to shave down an energy package originally set at more than $500 billion to $300 billion or less. He balked privately at sending money to the EV industry and the Direct Payment program. (Read More)

While you won’t see a single MSM analyst, financial pundit or mainstream political commentator point out what Manchin is doing, his strategy is cunning.

Right now, conservatives are calling Manchin a hero for blocking the GND spending while progressives attack him.  This gives the impression that he is a centrist, above the fray, and wise in his outlooks toward the economy and budgeting.   However, it’s a ruse.  Joe Manchin knows, just like you do, that the next inflation report will be much lower.  He is positioning to support the climate change spending in September.

Watch.

Bookmark this.

The scheming strategery of Joe Manchin is as predictable as the scheming strategery of Mitch McConnell.

The two wings of the UniParty duck seem still on the surface.  This type of ploy is exactly how DC is able to operate, paddling forward furiously, just below the surface; and almost no one can see what is happening.

Once you see the strings on the political marionettes, you can never return to that moment in the performance when you did not see them.  However, because too few people see them, almost everyone congregates in the lobby during the mid-term intermission asking, “hey, when did Texas become dependent on windmills?”

Jul 13 2022

World Bank: The Poor Will Suffer From Carbon Taxes


Armstrong Economics Blog/Energy Re-Posted Jul 13, 2022 by Martin Armstrong

The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year.

“This incentivizes companies to clean up for themselves,” the WEF reported. In the midst of an extreme energy crisis, punishing energy suppliers will undoubtedly backfire. These costs will be passed along to the already struggling consumer. Even the World Bank admitted that the poor will suffer from the carbon tax.

The World Bank stated on its blog:

“There are good reasons why governments may not want to use carbon taxes, and one of them relates to their welfare impacts. For example, a carbon tax on fossil fuels is often regressive in its impact- hurting poorer people relatively more than richer ones. Even when it might be progressive, poorer people still suffer a welfare loss when prices rise, making their consumption basket more expensive.”

Furthermore, they admitted that the carbon tax “aims to restructure economies by raising the cost of a critical resource – the juice that makes it run.” Precisely. We NEED fossil fuels right now, there is no other viable alternative available to provide energy to the world. Since nations have succumbed to the climate change agenda, they have lost their energy-independent status. Europe shot itself in the foot by eliminating any diplomatic relations with their number one supplier of gas for a country that they did not acknowledge prior to February 2022.

Other nations with the ability will drill and sell oil to those under WEF leadership at a premium. India is already buying Russian oil at a discount, refining it, and selling it to the US for a premium. This is more than just bad business as it is a clear attempt to cut off a “critical resource” to “restructure economies” as seen fit by the WEF.

Jul 7 2022

No National Politician Will Go There – However, at Least Tucker Carlson Does


Posted originally on the conservative tree house on July 6, 2022 | sundance 

One of the most frustrating aspects to our current state of national affairs is that no politician will articulate the basic commonsense problem, and how the people handling Joe Biden are directly to blame for it.  Instead, DC and national politicians talk around it, all of them pretending not to know.

However, at least there is one voice in Tucker Carlson who articulates the economic and political reality in a framework that most can understand.

In his opening monologue tonight, Carlson succinctly points out how the current state of economic anxiety is directly the result of Joe Biden chasing the Green New Deal initiatives that progressive, communist democrats have advocated for years.  WATCH:

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The energy crisis is intentional.  The food crisis is intentional.  Everything that is happening domestically in our economic crisis is happening intentionally.  All of the problems are the result of intentional policy decisions.

Jul 6 2022

The President is Not a Patriot


Armstrong Economics Blog/Politics Re-Posted Jul 6, 2022 by Martin Armstrong

Joe Biden incited violence on Independence Day by claiming that the country was “moving backward.” Is he not the elected official in control of America? Biden was referencing the Supreme Court decision to remove abortion as a constitutional right. This is his very last talking point to garner votes as his administration has managed to ruin the nation’s economy in record time.

“Liberty is under assault, both here and abroad,” Biden stated. “In recent days, there’s been reason to think this country is moving backward, that freedom is being reduced, that rights we assumed were protected are no longer.”

The president was not alone in his anti-America tirade. A slew of celebrities took to the internet over the weekend to criticize America as well, claiming that Independence Day celebrations were canceled this year due to the Roe v. Wade ruling. These same celebrities live luxurious lives due to the rights offered to them by the Constitution. They are also the same people who notoriously back the left during campaigns and offer free publicity for politicians. Forget the fact that people can no longer afford to live due to inflation fueled by the policies of the current administration. They want to divert our attention away from the real problems so that we see America as a failed nation – divided we fall.

Jul 2 2022

Bill Gates Wins Legal Approval to Purchase Another 2,700 Acres of Farmland in North Dakota Bringing Total Ownership to 270,000 Acres


Posted originally on the conservative tree house on July 1, 2022 | Sundance 

It’s not a secret that billionaire Bill Gates wants to radically change the process and outcome of farming, agriculture and ultimately food humans consume, in order to follow his climate change ambitions.  Bill Gates has been advocating for the removal of cows, pigs and animal-based protein for multiple years.  This is not a revelation.

However, what is new, is the amount of farmland that Bill Gates is purchasing.  Why would an entrenched climate change ideologue who wants to change food production be purchasing over a quarter million acres of prime farmland?

North Dakota – Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state’s residents.

The state’s Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate farming law. The Depression-era law prohibits corporations or limited liability companies from owning farmland or ranchland, but allows individual trusts to own the land if it is leased to farmers, which Gates intends to do.

Gates is the largest private owner of farmland in America after quietly amassing some 270,000 acres across dozens of states, according to last year’s edition of the Land Report 100, an annual survey of the nation’s largest landowners.

[…] North Dakota Republican Governor Doug Burgum, a former Microsoft executive whose campaign received $100,000 from Microsoft co-founder Gates when Burgum first won in 2016, declined to comment on the farmland sale. (more)

Meanwhile, in related news…

(CANADA) – On May 26th, Aspire Food Group announced that it has completed construction of its alternative protein manufacturing facility. London, Ontario is now home to the world’s largest cricket production facility.

Aspire’s new plant will reportedly produce 9000 metric tons of crickets every year for human and pet consumption. That’s about two billion insects to be distributed annually across Canada and throughout the United States.  Aspire also reports that it already has orders for the next two years.  

Crickets are currently being explored as a protein-rich superfood. They contain fibre and are already found in grocery stores and restaurants, and have a smaller environmental footprint than traditional protein sources. (read more)

Jun 30 2022

The Untold War in Syria and Deserted Pipelines


Armstrong Economics Blog/Energy Re-Posted Jun 30, 2022 by Martin Armstrong

We’ve heard of the refugees and people fleeing Syria for a better life, but the media rarely reports how dire the situation has become. Reuters recently reported that 1.5% of the Syrian population is DEAD due to the ongoing war. Estimates state that around 83 people (18 who are innocent children) die every day in Syria. So why has everyone overlooked this decade-long deadly battle?

I mentioned in 2013 how former President Obama wanted to invade Syria. In 2009, Qatar proposed a pipeline that would have sent energy to Europe from Saudi Arabia, Syria, and Jordan. Then Syrian ruler Assad, backed by Russia, began negotiating for a different pipeline with Iran that would run gas to Europe from Iraq and Syria. Russia saw an economic advantage to having the latter pipeline as the US was too closely linked to Qatar, and therefore, the Iranian pipeline became a priority for Russia.

Putin met with Obama in 2015 to ask him to support Assad against ISIS. Obama objected as that was not economically beneficial for the US and would give Russia almost a monopoly over European energy. Obama began suddenly lifting sanctions on Iran to break the forming alliance. Russia entered Syria on the exact day the ECM predicted, and the US began backing Assad’s opposition even though that meant funding the terrorist group ISIS.

There have been no developments on the Iran–Iraq–Syria pipeline (known as the friendship pipeline) since 2013. The Syrian people have been left to rot. There is so much virtue signaling for Ukraine, but numerous nations invaded Syria and left their economy and infrastructure in shambles. No politician cares about the people; nearly all decisions are made based on money. The US lost this battle as Russia remains an energy powerhouse with a stronghold on the entire energy sector. Thanks, Obama.

Jun 30 2022

Macron Tells Biden to Rethink Energy Plans


Armstrong Economics Blog/Energy Re-Posted Jun 30, 2022 by Martin Armstrong

French President Emmanuel Macron pulled US President Joe Biden aside at the G7 summit to explain a few basic facts. Biden has been demanding Middle Eastern nations ramp up their oil and gas production to help offset the energy crisis his administration has created. It’s ok to drill and take from the environment as long as it is not on US soil.

A reporter recorded Macron explaining to Biden that the United Arab Emirates is already at maximum capacity and cannot produce more oil. He also told him that begging the Saudis for oil was a lost cause too. These were the only two OPEC nations left that the US thought it could tap into for more oil.

Journalist Michael Shellenberger tweeted part of the exchange between the US and French leaders: “I had a call with MBZ,” Macron said. (MBZ is the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan.) “He told me two things. I’m at a maximum [production capacity] and [the] Saudis can increase by 150 [thousands barrels per day].”

Reporters were visibly in earshot when Macron spoke to Biden, which seems like a strategic move. It is a not-so-subtle effort to explain to the US, as the world is watching, that they have the power to ramp up production on its own without grappling for help from other nations.

Jun 30 2022

Hutchinson & the Real Lie Behind this Latest Scam


Armsttrong Economics Blog/Politics Re-Posted Jun 30, 2022 by Martin Armstrong

It is very curious that Cassidy Hutchenson is testifying to what would be considered inadmissible evidence in a court of law. She has said that President Donald Trump was so irate that his Secret Service detail wouldn’t take him to the Capitol on Jan. 6 that he tried to grab the wheel of the armored limousine, then attacked one of the agents, according to testimony from a top former White House aide. This is HEARSAY and this political agenda of January 6th is a kangaroo court in its grand sense.

The entire object here is to claim January 6th was an armed insurrection so they can constitutionally prevent Trump from running again. This so-called “evidence” from Cassidy Hutchenson would NEVER be allowed in any court of law. The only person who could give such evidence would be the Secret Service agent. It must be someone with personal knowledge. Hutchenson has ruined her career for who would hire her fearing she could testify against her boss and makes up anything.

A proper constitutional investigation would be to take Hutchinson’s statement, identify the Secret Service agent, and then subpoena him to the stand. The fact that they never contacted the Secret Service raises a HUGE Red Flag that they are simply trying to poison the minds of everyone knowing that this is NOT acceptable evidence in a court of law.

This is like a disgruntled neighbor calling the cops saying they “think” you killed your spouse because they have not seen them for a week when they are merely out of town. I have deep concerns that now Hutchinson may have been offered something in return for this testimony and here we have Liz Cheney, whose father created the Iraq Way on fake information killing millions of people, and was responsible for the rise of ISIS, claiming falsely that “the case for prosecuting Donald Trump just got much stronger.” She is NOT stupid. She is an is an American attorney and therefore knows that HEARSAY is not acceptable in any court in the world. She is DELIBERATELY lying to the public to prevent Trump from ever running for President.

I hope Wyoming just moves West and joins California for hopefully they will secede from the Union and I will cheer – good riddance! This is not about the rule of law. This is about oppression. The Justice Department is trying to give people who were just there taking a selfie 5 years in prison.

Jun 30 2022

Tucker Carlson Walks Through a List of Political Dissidents the Biden Administration Has Targeted in the Last 18 Months


Posted originally on the conservative tree house on June 29, 2022 | Sundance

In his opening monologue tonight, Fox News host Tucker Carlson outlined a political list of DOJ and FBI targets over the past 18 months.  Some of these examples are probably forgotten; however, when you see the examples highlighted with a timeline it really does showcase how our system of government has been weaponized by a corrupt Dept of Justice and corrupt FBI.

The part where the political dissidents are outlined begins at 05:39 (prompted) WATCH:

Jun 26 2022

Ahead of G7 Germany asks for Urgent Discussion on Inflation, Climate Policy and Worsening Energy Crisis


Posted originally on the conservative tree house on June 25, 2022 | sundance 

For those not paying close attention, the G7 is in serious trouble right now.  The G7 includes the United States, the United Kingdom, Canada, France, Italy, Japan and Germany.  The EU and Japan are on the verge of a central bank financial crisis.  Germany is the heart of the EU and their economy is FUBAR as a result of sanctions against Russia, their energy dependence and an internal inflation rate exceeding 30%.

The G7 spending response to the COVID pandemic, a collective decision outlined by the World Economic Forum and central bank organizers, has created a massive inflation crisis amid all attached economies.  Making matters worse the Build Back Better agenda promoting climate friendly energy policy over fossil fuels is pouring gasoline on the raging inferno of economic disruption.

The EU and Japanese central banks are tenuous at best, and the U.S. has seemingly positioned Europe and Asia for even further economic pain as a result of sanctions against Russia (EU) and a contracting U.S. economy impacting Asia.  The intentional global cleaving is not working out too well as the G7 leaders assemble for their summit in the Bavarian Alps.   This is the backdrop for German Chancellor Olaf Scholz.  In essence, the G7 climate policy cannot be sustained simultaneously with the German economy surviving:

GERMANY –  German Chancellor Olaf Scholz has said he wants to put soaring inflation, the energy crisis and climate change at the center of the agenda when he meets fellow G7 leaders at Schloss Elmau in the Bavarian Alps.  

Germany, which holds this year’s G7 rotating presidency, is hosting the gathering of the heads of state and government of the world’s seven leading industrialized nations from Sunday through Tuesday.

“Russia’s brutal war against Ukraine is also having an impact here,” Scholz said in his video podcast on Saturday, pointing to steep rises in the prices of food and energy.

“Many things we buy are more expensive. Food, but especially the prices for energy. We notice that at the petrol station, we notice that when we have to pay the heating bill. Heating oil, gas — everything is much more expensive than a year ago,” he said, adding: “That’s why we have to prepare for it.”

The chancellor said the G7 leaders would discuss the current situation triggered by the war “and at the same time ensure that we stop man-made climate change.”

He stressed the need for a “climate club” to enable countries to work together to combat climate change as well as the current geopolitical and inflation crises. (read more)

For those unfamiliar with history, finance and global economics…  The current geopolitical scenario is coalescing toward one specific outcome, WAR With Russia.

The only way out of the economic crisis the western alliance has created, is to go to war.

These are very serious times.

Beware the needs of the banks, the drumbeats of war always originate against a backdrop of empty vaults.