Category End of Fossil Fuel

Jul 23 2022

It’s Not Just What Energy Secretary Granholm Says, It’s How She Says It That Should Alarm Everyone


Posted originally on the conservative tree house on July 22, 2022 | Sundance 

Energy Secretary Jennifer Granholm couldn’t tell you the difference between electromagnetic or nuclear energy if her life depended on it.  Then again, there’s not a single “climate change” ideologue in the Biden administration who has any concept of science at all.  None of them.  To them, everything is politics.

As you watch this brief soundbite from remarks Energy Secretary Granholm made to the Global Clean Energy Action Forum, pay attention to what she says and the way she says it.  The pantomime of how she says it. [11 seconds] WATCH:

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What state elected her governor?  Oh yeah, she’s from Hunger Games district 5.

Jul 23 2022

DC Jury Finds Steve Bannon Guilty of Contempt of Congress, for Failure to Give Deposition and Failure to Provide Documents to J6 Committee


Posted originally on the conservative tree house on July 22, 2022 | Sundance

Former President Trump campaign and White House senior advisor, Steve Bannon, has been found guilty on two political charges of contempt of congress by a DC jury, for failing to appear for a deposition with the J6 committee, and failure to provide documents to the J6 committee. [Media Report]

It is worth noting that no one, until now, is ever charged by the U.S. Justice Dept in a “contempt of congress” issue, including former U.S. Attorney General Eric Holder who was similarly found in contempt of congress.  The current DOJ and FBI are fully compromised political tools of a corrupt DC system of justice.

Steve Bannon and his legal team made a statement outside the court after the jury decision.  WATCH: 

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A dual justice system is the outcome of a banana republic form of government.  The Obama and Biden administrations have thoroughly corrupted the justice system.  The FBI and DOJ are institutionally corrupt.   Their Lawfare approaches can only function with the assistance of politically corrupt DC courts.

Jul 23 2022

U.S. Business Activity Contracts in July for Both Goods and Services


Posted originally on the conservative tree house on July 22, 2022 | Sundance

Purchasing managers for both goods and services are reporting a strong contraction in orders.  The decline in goods has been subtle up to this point, with June and July now reflecting a significant change to the negative.  More concerning is the severe change on the service side.

Contraction within business activity is now happening in almost all sectors of the economy.

Bloomberg Reports – US business activity contracted in July for the first time in more than two years as manufacturers and service providers signaled sluggish demand that only adds to heightened recession anxieties.

The S&P Global flash composite purchasing managers output index slid 4.8 points to 47.5, the weakest reading since May 2020, the group reported Friday. Outside of the early months of the pandemic, the July figure is the weakest in data back to 2009. Readings below 50 indicate contraction. 

[…]  “The preliminary PMI data for July point to a worrying deterioration in the economy,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement.

“Manufacturing has stalled and the service sector’s rebound from the pandemic has gone into reverse, as the tailwind of pent-up demand has been overcome by the rising cost of living, higher interest rates and growing gloom about the economic outlook,” Williamson said.

Similar results were seen in Europe. The group’s index of activity in the euro area unexpectedly shrank for the first time since early 2021. Output worsened among manufacturers, while growth in the service sector came close to stalling. (read more)

Keep in mind while this business contraction is happening, the policy makers in the U.S. and Europe are still using the talking points that “demand is driving inflation” – and they are *not* talking about energy demand.

The Federal Reserve and Central Bankers policies are constructed around a false premise that consumer demand for goods and services is the cause of inflation.  The premise is a lie, they know it is a lie, and they know the people closest to the economy know it is a lie. Yet they continue to lie because the multinational corporate media is part of the narrative engineering.

The policies from western government, political, fiscal and monetary, are based on a lie to create a false justification.  It cannot be overstated how dangerous this is, when the reality of what they are manipulating comes crashing into the unavoidable consequence of what they have created.

Jul 22 2022

Climate Engineering: 40 Million in US West Without Water in 2023


Armstrong Economics Blog/Corruption Re-Posted Jul 22, 2022 by Martin Armstrong

Our models have been indicating a decline in both the food and water supply, which go hand-in-hand. Other analysts are coming out to warn that the inevitable cycle is underway. Climate engineering researcher Dane Wigington believes the cycle has been propelled forward by manmade forces. “The mainstream media and official sources are doing their best to sweep it under the rug. We are talking about 40 million people that will be impacted by the drying out of the Colorado River basin and tributaries.”

Interviewer Greg Hunter plainly asked Wigington if this was a deliberate attempt to diminish the population. “Yes,” he replied without hesitation. “There is no speculation, no hypothesis or conjecture in any of this. Climate engineering is the primary cause for the protracted drought, and not just in the U.S. but in many other parts of the world. It also causes a deluge scenario, and all of it is crushing crops. We can speculate to the motives and agendas behind those who run these operations, but the fact that climate engineering is the primary causal factor for the western drought is inarguable.”

Wigington sees extreme water rationing coming as soon as 2023. Once Lake Mead reaches “dead-pool” status, crops will die out, water will be unavailable for irrigation, and there will be no electrical power generation. Drought is causing water to evaporate at levels beyond what is reported in the mainstream media.

“This is a runaway train of total cataclysm, and those in power are preventing anyone from even discussing this issue down to the point that there is an illegal federal gag order on the nation’s weathermen at the National Weather Service and NOAA,” Wigington stated. The government would only place a gag order on reporters if there were something to hide. Climate engineering may be one of the new tools to fight future wars and control the population.

I’m adding this note: Some of this is real the water levels are dropping. Some of the rest is also possible because Bill Gates was testing this idea a while back.

Jul 22 2022

China Banking Crisis & the Unsuspecting World


Armstrong Economics Blog/Interest Rates Re-Posted Jul 22, 2022 by Martin Armstrong

While authorities have accused a private financial group of misleading members of the public with promises of high-return wealth management products, what is not being said publicly is the fact that the rise in the dollar is a significant factor undermining emerging markets in which China participated. The Chinese government warned the provinces and private companies NOT to borrow dollars. Despite the fact that the Chinese government is portrayed as COMMUNIST still in the West, there would be no banking crisis if they were.

Many operations borrowed in dollars made the same fatal mistake I have witnessed since the 1980s. They sell these loans in a foreign currency with the expectation of saving money on interest. But the FX can be 20% to 40% within a 2-year period and there is NEVER any foreign exchange consideration. In addition to this FX crisis, the inexperience of people who think it is easy to be a money manager has discovered the reality of being inexperienced. This is why you find the standard clause in the West – past performance is no guarantee of future success.

Japan is once again the largest holder of US debt. This is NOT because they have been buying more, it is because China is selling off debt gradually because the dollar is high and the risk of war with the United States is rising by the day. Biden has already destroyed the world economy. It is now impossible to repair even if you vote for all Republicans 100%. The destruction of SWIFT has divided the world and has terminated Globalism. China is liquidating US debt gradually and rightly so. Beware of 2023 ahead. The people writing the scripts for Biden are ONLY concerned with climate change and have ZERO experience in geopolitics.

Henry Kissinger has been a critic of Biden on his war effort against Russia and China, or should I say the real president who is writing the scripts. EVERY President since Nixon has invited Henry to the White House EXCEPT Biden. Henry is the best geopolitical analyst I know of. I myself was called by my local Congressman asking me to fly to a meeting. I declined. But I asked why was I being called? I was told there is a serious lack of experience in Washington. I was stunned, to say the least. I have no desire to step into what has become a hateful confrontation in Washington that resembles a high school food fight in the cafeteria.

If you do not have eyes in the back of your head, you better learn how to use a rear-view mirror. The purpose of this blog is to help you to see that we are all connected. The old saying about Chaos Theory was that the flapping of a butterfly’s wings in Thailand can alter the weather cycle in Europe. The slightest alteration can produce a starkly different outcome. This is why I am often a critic with a different view when it comes to governments. Those at the helm are often LINEAR thinkers who see only one cause and effect that produces the future.

It is people like Klaus Schwab who think they are so intelligent that they can actually alter and shape the future. His entire premise of the 4th Industrial Revolution is that he can direct it and control it when creativity cannot be controlled or put on some schedule. A good trader learns from his mistakes. If he never made a mistake, then he will end up in a real crisis for he will assume he is always right and then lose it all.

Life is a learning process. We advance only as we learn and the mother of all invention is our mistakes. Learn well from them, if you wish to survive and stop blaming other people. That is the #1 problem with the goldbugs. They do not seek to understand, but just blame the bankers for why gold has not reached $10,000. They cannot advance because they look at the market objectively. That is a critical factor we learn in this journey we call life.

Jul 22 2022

Japan Surpasses China as Top Holder of US Debt


Armstrong economics Blog/Economics Re-Posted Jul 22, 2022 by Martin Armstrong

For the first time since 2010, China holds less than $1 trillion in US debt. China held $980.8 billion in US debt in May, a $23 billion decline from April and a $100 billion decline from a year prior. In fact, the US Treasury Department noted that China has been reducing its holdings for the past six consecutive months.

Japan is now the top holder of US debt, reaching $1.212 trillion in May, marking a slight increase from $1.218 trillion in April. Total foreign holdings declined by $7.42 trillion in May as those who see what is coming want no part in government debt.

This did not go well for Japan in the past. You see, the USD remains the last safe haven among currencies. Rates are set to rise, other currencies are set to decline, and the countries left holding US debt will be forced to pay much more than intended. No one seems to understand this simple staple of FOREX.

China unloading US debt could indicate growing geopolitical tensions, which our models indicate could break out in 2023.

Jul 22 2022

Republican Congressman Lee Zeldin Attacked on Stage During Campaign Event in New York State Governor Race


Posted originally on the conservative tree house on July 21, 2022 | Sundance 

Yikes, things are getting spicy in New York as Republican gubernatorial candidate Lee Zeldin was attacked by a guy while giving a campaign speech in Monroe County near Rochester.  A bystander intervened and removed a weapon from the hand of the attacker.  Mr. Zeldin was unharmed.

New York – Lee Zeldin, the Republican candidate for New York governor, was attacked during a campaign stop near Rochester in upstate Monroe County on Thursday night.

Zeldin, also a sitting US congressman from Long Island, was giving a speech at the Veterans of Foreign Wars post in Perinton when a man jumped on stage and lunged toward the lawmaker, according to witnesses and video of the incident.  “I saw that he [was] approaching the congressman, so I jumped up on the stage,” witness Joe Chenelly told The Post.

“The congressman turned and faced him. I thought he might just be there to hug the congressman or to, you know, maybe heckle him or something along those lines.”

The suspect approached Zeldin wielding an unknown weapon and Chenelly tackled him.  

“Once the man was on stage, he reached into his right pocket and pulled out what appeared to be a knife or a razor blade, maybe a box cutter and lunged at the Congressman,” Chenelly said.

Zeldin attempted to block the suspect — who witnesses said was disheveled and possibly intoxicated — and the man lunged at Zeldin once more.  (read more)

Jul 22 2022

Climate Alarmist Explains Policy Targeting Farmers to end all Beef, Pork and Chicken from Human Diet


Posted originally on the conservative tree house on July 21, 2022 | Sundance

A few years ago, we might have just brushed this type of ideological policy aside and called the guy a nut.  However, he might indeed be a nut, but more and more countries are adopting the climate change farming policy he is advocating.  {Direct Rumble Link} WATCH (2 minutes):

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I often wonder about the mental health of these people.

Jul 22 2022

EU Commission Asks all Member Nations to Reduce Natural Gas Use by 15 Percent to Help Germany and Energy Dependent States


Posted originally on the conservative tree house on July 21, 2022 | Sundance

EU Commission President Ursula von der Leyen, a woman of notoriously bureaucratic disposition, has proposed that all member nations to reduce their use of natural gas by 15% in order to subsidize and protect the larger member nations -specifically Germany- who are more dependent on Russian energy.

Spain, Portugal and Greece are balking at the idea of voluntary cuts in order to spread the energy resources to the larger economies.

Things amid the EU could get spicy again, with the league of nations in Brussels taking control of economic wealth distribution.

BRUSSELS, July 20 (Reuters) – The European Union set out emergency plans on Wednesday for countries to cut their gas use by 15% until March, warning them that without deep cuts now they could struggle for fuel during winter if Russia cuts off supply.

Europe is racing to fill its gas storage ahead of winter and build a buffer in case Moscow further restricts supplies in retaliation for European support for Ukraine following Russia’s invasion.

[…] The regulation needs approval from a reinforced majority of EU countries. Country diplomats are set to discuss it on Friday, with the aim of approving it at an emergency meeting of their energy ministers on July 26.

“Russia is blackmailing us. Russia is using energy as a weapon. And therefore, in any event, whether it’s a partial, major cut-off of Russian gas or a total cut-off of Russian gas, Europe needs to be ready,” EU Commission President Ursula von der Leyen said. (read more)

Obviously not everyone is happy….

BARCELONA, Spain — The European Union’s plan to reduce the bloc’s natural gas use by 15% to prepare for a potential cutoff by Russia this winter received sharp skepticism Thursday from the governments of Spain and Portugal, which are usually big supporters of the bloc.

The governments in Madrid and Lisbon said they would not support the initiative announced by European Commission President Ursula von der Leyen on Wednesday. The proposal would start with voluntary reductions, but the EU’s head office also wants the power to make 15% savings mandatory in the event of an EU-wide energy emergency.

Spain and Portugal said making reductions obligatory was a non-starter. They noted that there are scant energy connections linking them to the rest of Europe and that they use very little Russian gas compared to fellow EU members such as Germany and Italy.

“We will defend European values, but we won’t accept a sacrifice regarding an issue that we have not even been allowed to give our opinion on,” Spanish Ecological Transition Minister Teresa Ribera said. (read more)

You will reduce energy use, or you will eat the bugs…. 

Jul 22 2022

Subtle as a Brick Through a Window, U.S. Media Starts Reshaping Corrupt Ukraine Narrative


Posted originally on the conservative tree house on July 21, 2022 | Sundance 

From the CTH perspective, if we accept the scale of the approaching U.S. economic pain that is clearly visible on the horizon, this narrative shift from the Associated Press and NPR, about a balancing act for U.S. policy and a corrupt Ukraine government, seems very predictable.

The average U.S. worker, and the middle class in general, is in trouble.  The visible reference of bailing out the people of Ukraine to the tune of $60+ billion is legislative salt in an open economic wound caused by Biden policy.  A shift is needed.

Pivoting away from Ukraine to focus on financial subsidies for Americans requires using a particular arm-distancing toward Zelenskyy from the politicians.   Look, corruption.

Here we go:

WASHINGTON (AP) — Ukrainian President Volodymyr Zelenskyy’s dismissal of senior officials is casting an inconvenient light on an issue that the Biden administration has largely ignored since the outbreak of war with Russia: Ukraine’s history of rampant corruption and shaky governance.

As it presses ahead with providing tens of billions of dollars in military, economic and direct financial support aid to Ukraine and encourages its allies to do the same, the Biden administration is now once again grappling with longstanding worries about Ukraine’s suitability as a recipient of massive infusions of American aid.

Those issues, which date back decades and were not an insignificant part of former President Donald Trump’s first impeachment, had been largely pushed to the back burner in the immediate run-up to Russia’s invasion and during the first months of the conflict as the U.S. and its partners rallied to Ukraine’s defense.

But Zelenskyy’s weekend firings of his top prosecutor, intelligence chief and other senior officials have resurfaced those concerns and may have inadvertently given fresh attention to allegations of high-level corruption in Kyiv made by one outspoken U.S. lawmaker.

It’s a delicate issue for the Biden administration. With billions in aid flowing to Ukraine, the White House continues to make the case for supporting Zelenskyy’s government to an American public increasingly focused on domestic issues like high gas prices and inflation. High-profile supporters of Ukraine in both parties also want to avoid a backlash that could make it more difficult to pass future aid packages. (read more)

♦ Tomorrow’s News Today.  Sometime in the not-too-distant future, congress is going to need to spend several trillion to bailout business and individuals who will suffer under the biggest U.S. economic collapse since the 2007 housing crisis.

Within those several trillions of emergency legislative appropriations, supported by both wings of the UniParty as an expression of the economic and humanitarian urgency, the Biden administration will hide the $500 billion in Green New Deal spending.  The crisis will not be wasted.

The 2022 democrats are setting up the 2023 republicans to be the people in charge of congress when this economic collapse and subsequent bailout is needed.   Lucy with the football Democrats, will demand more money be spent ‘for the people‘, essentially to subsidize the energy driven economic crisis they have fueled for the past two years.

Wash – Rinse – Repeat