Danish Politician Advises EU Residents to Avoid Long Showers


Armstrong Economics Blog/Energy Re-Posted Apr 6, 2022 by Martin Armstrong

Danish Politician Margrethe Vestager is utterly uninformed about the true factors surrounding rising inflation among the 19 counties in the European Union (EU). According to EU politicians, the only problem is Russia, and the only solution is for the people of the EU to continue sacrificing their quality of life.

“Everyone is asking what I can do. You can do two things: control your own and your teenagers’ showers. And when you turn off that water, you say — “Take that Putin!” Vestager stated, declaring that limited hot showers, a simple pleasure in life, could be an act of unity with Ukraine. Putin will not ask his troops to retreat because you let your hygiene decline. This is another measure to punish the people for the ignorance of politicians.

Germany’s economic minister Robert Habeck went as far as denying the supply chain crisis. “There are currently no supply shortages,” Habeck remarked. “Nevertheless, we must increase precautionary measures in order to be prepared in the event of an escalation on the part of Russia.” Instead of making any attempt to become less reliant on Russian energy, the politicians are simply asking the people to consume less energy. Consuming less is not a solution. It is an insult to the people living within the European Union who had no say in voting for the decision-makers in charge who are sending the entire bloc into a downward spiral.

The Myth of Green Energy


Published originally on Rumple by Energycademy  on January 31, 2022

This video looks at the official definition of green energy and critically examines how well solar and wind energy, two of the most popular form of green energy, match the official definition.

#greenenergy #solarenergy #windenergy #cleanenergy

Returning to the Arena, Sarah Palin Announces She Is Running for Congress


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

Former Alaska Governor Sarah Palin has announced she is returning to the arena and will run for Alaska’s at large congressional district.  Her Twitter announcement reads:

“Today I’m announcing my candidacy for the U.S. House seat representing Alaska. Public service is a calling, and I would be honored to represent the men and women of Alaska in Congress, just as Rep. Young did for 49 years.”  ~ Sarah Palin (LINK)

Visit Sarah For Alaska HERE

Sarah Palin enters a crowded field of nearly 40 candidates to fill the seat held by Don Young, who died last month.  Alaska’s special election’s primary is scheduled for June 11th. The top four candidates will advance to the general election on Aug. 16th.

(LINK)

Sarah Palin represents one the rare few candidates in modern political history that does not come from the system of multinational corporate control stables.  This is good news.  MAGA 2022 Alaska.

Many people inside the modern MAGA movement may not remember how effective Sarah Palin was in 2010, specifically in the primary races against establishment republican candidates.  It was also Sarah Palin who helped launch the successful political careers of Nikki Haley (SC), Rand Paul (KY), Marco Rubio (FL), Rick Perry (TX), and many more.

The republican party poured money into Texas to support GOPe Kay Bailey Hutchinson against Rick Perry.  Sarah Palin stepped into Texas and singlehandedly turned that race by strongly supporting Rick Perry against the GOPe machine.

Unfortunately, many of the politicians who would not exist without Palin, later turned against her and the Tea Party in order to embrace the corporate donor class.  South Carolina Governor Nikki Haley was/is the most famous turncoat.  Haley was about to lose in the Palmetto state contest until Palin arrived and took down the vicious media machine that was attacking.

It is good to see her back in the arena.

An endorsement by President Trump is a foregone conclusion.

.

It’s Not Just Energy – It’s Also Metals


Armstrong Economics Blog/Base Metals Re-Posted Mar 24, 2022 by Martin Armstrong

The outrageous sanctions imposed by Biden on Russia has undermined the entire world economy. Sanctions have never worked and this time they were designed to try to hurt the Russian people so profoundly that they would overthrow Putin. The Ukrainians are even naming Alexander Bortnikov, the Russian Director of the Federal Security Service and a member of Putin’s inner circle, as a successor to the president. Bortnikov has come out and said that Stalin’s Great Purge was necessary whereas Putin rejected Lenin. Be careful what you wish for, as they say.

Stickers are showing up plastered all over gasoline pumps throughout the USA despite Biden trying to blame Putin for his the disruption to the world economy. The US had no national security issue at risk with either Crimea nor DonBass. The Neocons just hate Putin and have used Ukraine as a proxy war toy to get at Putin. Even in Poland the government is pushing for war. Europe desperately needs war for 8.6 years of NEGATIVE interest rates has wiped out pension funds. NY banks will no longer lend against European sovereign debt. They cannot fund the governments any longer and the central bank cannot buy their debt endlessly. The only solution that they see is to default under the pretense of the Great Reset so they NEED war as the diversion with a new Bretton Woods.

But Biden’s sanctions have gone far beyond just energy. Nickel is a vital for it is the largest component in stainless steel production. Alloy steel is also called special steel. Nickel can increase the strength of the alloy and maintain its good plasticity and toughness. Then nickel is also used in the field of batteries, mainly nickel-hydrogen batteries, chromium-nickel batteries, and nickel-manganese batteries. Lastly, very fine nickel powder is often used as a catalyst in the chemical industry. Hence, nickel is vital and it goes beyond just the coins in your pocket which at these prices will be worth more in metal content soon enough.

Yet these sanctions that Biden swore would target only Russia, have disrupted the entire world and not just energy. Tsingshan Holding Group is a major producer of Nickel and it sold hedging position forward to secure its production. But prices doubled thanks to Biden and Tsingshan tried to buy back its hedging positions and that has set off a collapse of the Nickel market in London. Nickel was already breaking out thanks to COVID restrictions. Then the Biden Russian sanctions were insane and you can see the drastic price rally as Tsingshan tried to buy back its hedge.

Nickel prices began to soar after Biden’s sanction on Russia. The rally became a crisis for the LME as producers such as Tsingshan’s brokers desperately tried to buy those nickel contracts back causing a near 70% rise in a single session to stem losses and avoid escalating margin calls. The trading became erradic as brokers kept trying to cover short hedged positions. Hedge funds and other participants were frantically buying nickel, which only propelled the market even higher. Nickel prices had more than doubled reaching more than $100,000 a metric ton.

The LME was sent into crisis. Several smaller brokers were saying they would default at the 9 a.m. margin call if prices stayed at those levels. The LME was forced to suspend the market shortly after 8 a.m. local time or suffer a catastropiuc collapse of the exchange. The brokers could not meet the expected margin calls. Thus, the LME adopted the drastic step of canceling trades that took place before the suspension. They is said to have wiped out $3.9 billion in transactions. Of course, the hedge funds were furious for they were looking a huge unrealized profits. Because of the sudden price shock, the LME had no choice but to suspend trading in hopes that the brokers would collect the funds from their clients. However, the decision to wipe out trades that took place in a free market in good faith is really unprecedented and has shaken the confidence in free markets.

It may be true that the suspension and the canceled trades to settle the catastrophic damage to the free markets created by the Biden sanctions has prevented a near-term collapse of the LME. However, failing to do so may have brought down the entire exchange ending the market where producers can hedge forward.

Tsingshan still owes its brokers, which included JPMorgan, Standard Chartered and BNP as well as a unit of state-owned China Construction Bank Corp. The demand for cash to settle margin calls for a hedger who has sold future production presents a serious crisis. There are serious questions being raised if the price seen in this spike truly reflects the shortage in the supply or just an aberition created by a short-term panic.

Ironically, it was the great expanse of China’s economy which drove Nickel to $54200 a metric ton back in 2007. Nevertheless, where our computer has been bullish on Nickel and it elected even the third Quarterly Bullish Reversal at the end of the 3rd quarter 2021. There was no way the market was heading lower. Clearly, those in charge of hedging were calling the shots from an opinion perspective – not quantitative. For early 2021, Tsingshan began to accumulate a short position. It made statements on its website reflecting its view that the Nickel market was flush and prices should decline. Tsingshan’s short hedge position was equivalent to having sold about 190,000 metric tons on the LME. That would be worth $9.1 billion based on closing prices.

The forecasting view of Tsingshan regarding Nickel is just unfounded. Our model showed that we would start to see a rise in 2022 in price volatility but this is continuing into 2024. The price high may not arrive until 2023 and we may be looking at a new record. This is just another domino in the future of the world economy that just fell over. These Biden Sanctions are not going to be reversed and the pride of politicians is now threatening the entire world economy.

You have not made any comment about the LME Nickel market. In my opinion, this is onether chip of the domino falling which comes to confirm that the collapse of the West is in motion. The loss at Tsingshan is said to be about $8 billion. I have been called in to similar crisis where major corporations have lost billions due to improper hedging. This amount is staggering and clearly reflects that the firm has totally incompetent people in charge of hedging who may be listening to bankers and fundamentals rather than the markets.

End of Petro-Dollar Begins, Russia Instructs Central Bank to Organize Payments From Hostile Countries in Rubles


Posted Originally on the conservative tree house on March 23, 2022 

It’s a smart move by Russian President Vladimir Putin.  Facing financial sanctions and economic pressures from the U.S, NATO, EU and western allies, Putin stated today that all oil and gas payments must be made in Russian rubles.

The EU has few options as they are reliant upon Russia for energy products oil and gas.  If Putin organizes payment in rubles, his currency will automatically increase.  This sets the stage for other less hostile countries like the BRICS alliance to assist Putin ideologically and financially by transacting in rubles through the Russian central bank.

(Oil and Gas) – […] Russian President Vladimir Putin said on Wednesday that Russia would start charging the countries it considers “hostile” in rubles for its natural gas.

“I have taken a decision to switch to ruble payments for our natural gas supplies to the so-called hostile states, stop using the compromised currencies in such transactions,” Putin said, per a transcript published on the Kremlin website as carried by Bloomberg.

The Russian President—whose list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others – has ordered the Bank of Russia, the central bank, to develop a system for payments in rubles within a week.  

“At the same time, I want to emphasize that Russia will definitely continue to supply natural gas in line with the volumes and prices, pricing mechanisms set forth in the existing contracts,” Putin said at a government meeting today.

It makes no sense for Russia to export goods to the EU or the United States in U.S. dollars or euros, Putin added.  (more)

It will be interesting to see how quickly they can get this up and running.

Premier of Alberta Calls on Biden to Reimplement Keystone XL Project


Armstrong Economics Blog/Energy Re-Posted Mar 21, 2022 by Martin Armstrong

Jason Kenney, premier of Alberta, Canada, is calling upon President Joe Biden to reimplement the Keystone XL pipeline project. “If President Biden had not vetoed that project, it would be done later this year – 840,000 barrels of democratic energy that could have displaced the 600,000 plus barrels of Russian conflict oil that’s filled with the blood of Ukrainians,” Kenney stated. Kenney seems confident that the project could be completed by Q1 2023.

“None of this makes sense, so I will be speaking truth to power in the bluntest terms possible,” Kenney said. “If the U.S. administration wanted instead of going cap in hand to the Venezuela, Saudi and Iranian dictatorships to replace Russian conflict oil, we could turn this around, I believe in less than a year,” the premier stated. Meanwhile, the White House maintains that America should simply reduce its reliance on fossil fuels when there are no other alternatives available.

These nations might as well continue purchasing gas from Russia opposed to funneling money to other dictatorships. Kenney also noted how Canada was supposed to be America’s closest ally. Maduro of Venezuela hates the US and is an illegitimate leader. Both Venezuela and Saudi Arabia have asked the US for help in recent years, and none was provided. Iran is one of the world’s top funders of terrorism and turning to them should be considered a threat to national security.

Categories: Energy

If U.S. Intelligence Will Lie So Easily About Anything, Why Would We Believe Them About Ukraine?


Posted originally on the conservative tree house on March 19, 2022 | Sundance

Why would we believe anything from them about Ukraine?

(New York Post) […] “There have been no consequences. Twitter and Facebook still censor information based on political bias, and Congress takes no action. Many of the letter signers continue to be used as “experts” by the media.” (read more)

When we wrote about the media effort in 2018 {Go Deep}, specifically the collusion between the intelligence and national security agencies of the United States government, I asked the question, “Do we really think such a catastrophic level of corrupted journalism could reconstitute into genuine reporting of fact-based information?”  The answer then, as now, is the same, NO.  Indeed, it has only gotten worse in the past four years.

For the past several days, I have been highlighting a simple question on social media about something missing in the Ukraine story.

Where are the social media posts, from Ukraine citizens, that would support the narrative, as it is being told by Western media, about events happening in Ukraine?

Seemingly, Ukraine is the only conflict in modern human history where a pop culture society of more than 40 million technologically connected people decided not to document every moment of it on social media.

Considering the scale and scope of the conflict, and considering the Ukraine population of more than 40 million is far larger than Canada, and considering that population is located in a country the size of Texas, and considering they are a western technologically connected society with tens of millions of cell phones, we should be seeing a great deal of footage, pictures and images from ordinary Ukrainian citizens.  However, we don’t. Why?

I’m not talking about the professional war social media accounts, and/or military-centric accounts, which, to be fair do have lots of images and footage of Russian and Ukrainian conflicts.  I’m talking about the ordinary man/woman in the major population centers, who under normal circumstances would be generating tens-of-thousands of social media posts to Facebook, Twitter, Instagram, Telegram, YouTube, etc.

Western media are telling us that Russia is randomly shelling, bombing and targeting all of these civilian targets in urban areas.  Yet, there’s nothing visible.  Almost everything you see is from Eastern Ukraine where a civil war has been ongoing for over a decade.

Whatever is happening in the rest of Ukraine is the least documented conflict in modern social media.  It just seems odd.  It’s as if there is a massive disconnect between the portrayal of western media, in comparison to the actual reality inside Ukraine.

(CNN Portugal) – [TRANSLATED] – Ukraine has opened the barracks to foreign fighters, who join an army that has to adapt those who have not been trained there. Some are Portuguese, “fighters in quotation marks”, as the government of the government Portuguese. Among these Portuguese there are former commandos, ex-paratroopers – and a 29-year-old mechanic, who spent 15 days at the Yavoriv military base, was bombed and left for not giving him weapons. I’ve never taken one before. It is the first account of a Portuguese about how the fighting lived at the military base and why he gave up fighting.

We call it n.s. The 29-year-old Portuguese mechanic had never taken a weapon of war in his life, but it was in the first waves of foreigners joining the Ukrainian military in the so-called international legion. He entered the Yavoriv military base on March 1. He left two weeks later – after the heavy Russian bombardments on this city of Ukraine, which caught him with the Ukrainians but unarmed.

N.S.’s account serves to realize an ongoing history in the war in Ukraine, which opened the borders, doors, barracks and arms to foreign fighters. Many continue to arrive, “knock on the door” at the border and say they want to fight. The first ones entered soon, now there are those who have signed up and are in hotels waiting to be called.

The international legion is seen with reservations by many experts and even governments – such as Portuguese – because there is everything: professionals and amateurs, mercenaries and volunteers, ex-military and people with no experience, who receive quick formations and weapons to hand.

They are “fighters in quotes”, so called them two days ago the Minister of Foreign Affairs, Augusto Santos Silva, without hiding their reservations. Portugal “does not agree with these procedures” of people, he stressed. “We understand that this is not the most effective way to support Ukrainians in their right to self-defense and is not part of the tradition or way of being of the Portuguese, nor is it the way Portugal contributes to international security,” explained the head of Portuguese diplomacy. Santos Silva commented on the news that at least seven Portuguese were in Ukraine with military objectives. Some of them were at the Yavoriv military base when it was attacked on Sunday by Russian troops

One of them was N.S.

From the couch to the war – What made N.S. take the car and go from southern France, where he has lived since 2014, to poland’s border with Ukraine to say he wanted to fight? One impulse: “I didn’t think it made sense to sit around and watch a country, civilians, including children, being killed. In addition, there is a risk that one day the Russians will attack the rest of Europe.” He made the decision and left overnight, leaving his wife and four-year-old son at home. “I left a letter explaining. It was a shock to her. It’s all right now.”

“When I got to the Ukrainian border I told him what I was going to. They then called some men who took me to the advanced command post. I was the subject of an interrogation. In the end, they took me to the military base, which was already active.” When he arrived, he signed an uncertain term contract “until the war was over” – that’s how he said it – and they gave him the uniform.

At first, he says, platoons with foreigners were not yet well organized and constituted. The volunteers walked around the base – a large structure, with several buildings and dressing rooms. He soon met Portuguese, a former paratrooper who, meanwhile, was placed on special forces teams that are on missions through Ukraine, to “clean up the cities attacked by the Russians”.

He spent 15 days at the base in training. He’d wake up at 6:30 a.m. and join the military parade in the courtyard to listen to the commander. At 7:00 a.m. they exercised and an hour later they had breakfast. The morning was then devoted to training. “They gave us lectures of various kinds. Some to know the Russian weapons and the weak points of the opponent, others about first-hand.” They had lunch and were still in training. In the second week he lived at the base began to have intensive training of combat tactics, offensive, lines of defense, among many other topics. “I learned the art of war,” says N.S., who at a young age tried to join the Marines but broke an arm, which prevented him from following his career.

N.S. was one of the Portuguese volunteers who were at the Yavoriv military base on Sunday when Russia bombed the land in that area, just 25 kilometres from the NATO border. A few hours later, at least 35 people were killed and 134 wounded in the attack on the base near Lviv.

Because he had no military experience, he did not have weapons assigned that day. Unlike other colleagues, I had never left the base on a mission. “It was planned that that day – when the bombing took place – my platoon would finally receive the weapons.”

It was a night of terror, he reports. “I was in bed when I was 4 in the morning I noticed from the noise that we were going to be attacked.” At the first explosion he jumped out of bed. Since he always slept dressed in his uniform, he just had to stick his boots on his feet – he didn’t even tie them – pick up his phone and get out of the dressing room.

Unarmed, he even made a first attempt to go to the area where the special forces were installed, to see if there were weapons, “but at that time everything was still locked.” He was in the middle of the explosions.

“I watched live two explosions and two buildings falling. About 100 meters away, a missile went straight into a barracks where people were, was destroyed, burned. The same thing happened in front of me in a building by the canteen.” I could feel the missiles going over him. “I’m not quite sure of the time, I think there were many for 30 minutes.”

Without weapons, he recalls, he went into hiding in the nearby forest, as the security protocol that was transmitted to them. He stood there, in the middle of the trees, where other colleagues were, until everything calmed down. “When the missiles were over, we returned to the base and were regrouped to see if there were dead, missing or injured. It took four hours to regroup and put together the defense plan.”

At the base there would be about 2000 in several companies, he estimates. These, based on the strategic plan defined, were spread over several points of defense of the base, that of N.S. was on the runway of helicopters. They were ordered to stay in line with the defense, “to defend the basis of the Russian attack that everyone believed was going to happen.” In the area where it was placed there would be about 200 volunteers, mostly unarmed. That’s when his distress and that of some other military personnel began. “We made ‘pools’ trying to get supplies and weapons.”

It was after he decided to abandon the Ukrainian army, leave the base and return home. “After the bombing, everyone in the army thought there was going to be a russian ground attack. And that’s why they told us to stay in lines of defense. I stood there, no gun, no vest, no helmet. I realized that I could not continue like this”, tells CNN Portugal the volunteer who prefers to keep discretion in his identification for fear of being confused with a mercenary, which he guarantees not to be. “My goal was to fight, and if I died, it would be a gun in my hand. So we were just cannon meat.” (read more)

White House Spokesperson Jen Psaki Gets Very Nervous When Questioned About Joe Biden Financial Conflicts of Interest in Russia, Ukraine and China


Posted originally on the conservative tree house on March 18, 2022 | Sundance 

Joe Biden’s press secretary was questioned today about the Biden family’s well documented dealing with Russian Billionaires, Ukraine officials and Hunter Biden’s deals with China.

The specific question was asking how the White House handles the conflicts of interest when engaging with policy decisions over Russia, Ukraine and China.  White House Press Secretary Jen Psaki nervously attempted to avoid the questions, but her responses shouted guilt. WATCH:

Planning To Use Oil Crisis, the Global Climate Change Agenda Is Triggered – Biden Declaring Climate Emergency, IEA Proposing Global Economic Changes, AOC and Bernie Sanders Join Drumbeat


Posted originally on the conservative house on March 18, 2022 | Sundance

We could all see this coming.  The Ukraine-Russia conflict creates the opportunity for the Build Back Better initiatives to get triggered.  None of this is happening organically.  All of this is opportunism based on a series of dominos purposefully triggered.  Three government solutions to rising oil prices surface simultaneously in an effort to exploit the crisis they created.

Keep in mind, this economic roadmap was strategically outlined in the World Economic Forum “Build Back Better” initiative, and that was built upon the economic ‘climate change‘ opportunity that COVID-19 created.  The U.S. version of BBB was called the Green New Deal.

First, Biden proposes to trigger a useful “Climate Change Emergency” (LINK).  Second, the International Energy Agency proposes a “Ten Point Plan” to change energy use in the modern society (LINK).  Third, comes AOC and Bernie Sanders with the “Executive Action Agenda” (LINK).

All of this is the fundamental change represented by western government in the agenda of ‘building back better’.

(IEA) In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine, practical actions by governments and citizens in advanced economies and beyond can achieve significant reductions in oil demand in a matter of months, reducing the risk of a major supply crunch, according to new analysis released by the International Energy Agency today.

These efforts would reduce the price pain being felt by consumers around the world, lessen the economic damage, shrink Russia’s hydrocarbon revenues, and help move oil demand towards a more sustainable pathway.

If fully carried out in advanced economies, the measures recommended by the IEA’s new 10-Point Plan to Cut Oil Use would lower oil demand by 2.7 million barrels a day within four months – equivalent to the oil demand of all the cars in China. This would significantly reduce potential strains at a time when a large amount of Russian supplies may no longer reach the market and the peak demand season of July and August is approaching. The measures would have an even greater effect if adopted in part or in full in emerging economies as well. (more)

AOC and Bernie Sanders [LINK]

(Daily Mail) Progressive Democrats are urging President Joe Biden to take executive action to raise wages, combat climate change, cancel student debt, and lower health care costs.

The Progressive Caucus – led by Rep. Pramila Jayapal and consisting of high-profile liberals like Reps. Alexandria Ocasio-Cortez and Ilhan Omar and Senator Bernie Sanders –  outlined their lists of demands they said ‘would provide immediate relief to working people and their families.’ (read more)

(CNN Reports) […]”As a result of Russia’s appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,” IEA Executive Director Fatih Birol said in a statement.

The proposals reflect a recognition that the world has few realistic options to quickly replace oil supplies from Russia, the world’s No. 2 oil producer in 2021.  OPEC has signaled it’s in no rush to ramp up production and the release of emergency oil stockpiles has done little to ease shortage fears.

“The US and other IEA countries now realize that the potential loss of Russia’s oil exports constitutes a bigger supply shock than either strategic stock draws or accelerated OPEC+ production hikes can solve,” said Bob McNally, president of consulting firm Rapidan Energy. (read more)

Biden Warns China Not to Interfere in U.S. Proxy War Against Russia


Posted originally on the conservative tree house on March 18, 2022 | Sundance

Keep in mind the cunning geopolitical perspectives of Beijing’s dragon that wears the panda mask.  Recently a person attempted to dismiss the strength of China by saying they had not won a war in a thousand years, to which I replied, “tell that to U.S. workers in the rust belt.”

There are two geopolitical battle spaces in the modern era to gain superiority without kinetic warfare, economics and information; China’s arsenal in the former is massive, the U.S. strategy has been reduced to using big tech in the latter.  This is why western propaganda and censorship control over the Ukraine narrative is so important.  This statement from the White House is weak:

WHITE HOUSE – President Joseph R. Biden, Jr. spoke today with President Xi Jinping of the People’s Republic of China (PRC). The conversation focused on Russia’s unprovoked invasion of Ukraine. President Biden outlined the views of the United States and our Allies and partners on this crisis. President Biden detailed our efforts to prevent and then respond to the invasion, including by imposing costs on Russia. He described the implications and consequences if China provides material support to Russia as it conducts brutal attacks against Ukrainian cities and civilians.

The President underscored his support for a diplomatic resolution to the crisis. The two leaders also agreed on the importance of maintaining open lines of communication, to manage the competition between our two countries. The President reiterated that U.S. policy on Taiwan has not changed and emphasized that the United States continues to oppose any unilateral changes to the status quo. The two leaders tasked their teams to follow up on today’s conversation in the critical period ahead. (LINK)

The conflict in Ukraine serves China’s interests.  The dragon is smiling, bigly.

♦ Russia becomes more reliant upon China for geopolitical as well as economic support.  Chairman Xi wins.

♦ The U.S. bleeds money in deficit spending to use Ukraine to fight a proxy war against Russia.  Chairman Xi wins.

♦ A new trade currency looms on the horizon due to western sanctions against Russia.  Chairman Xi wins.

♦ Western government push further toward totalitarian control over their citizens to demand compliance.  Chairman Xi wins.

The domestic and international problems created by the people around Joe Biden serve the interests of Chairman Xi.  Changing energy policy by chasing climate change nonsense weakens the U.S. economy, Chairman Xi wins.  The panda has no need to show the dragon underneath because the west is destroying itself.

Biden can gnash his teeth as much as he wants, fat panda smiles.