Big Oil v. California


Posted originally on Jan 8, 2024 By Martin Armstrong 

Crude Oil Production

Chevron can no longer remain profitable in California, where politicians fail to understand the impact of reducing fossil fuels without a reliable alternative. The company has already pulled back hundreds of millions in spending in California over the past two years. Chevron’s Q4 filings proclaimed it needed non-cash write-downs and is expected to report non-cash charges of up to $4 billion.

At this point one must wonder if Governor Gavin Newsom wakes up each day to plot the destruction of California. Newsom announced he was taking over “Big Oil” last year by implementing legislation aimed at price gouging.

Andy Walz, Chevron’s Americas products president, explained that California’s regulations have made it difficult to remain profitable. “A margin penalty can only serve to further deter investment in the state’s energy market,” Walz wrote. “This is not hyperbole, nor is it merely hypothetical. California’s policies have made Chevron’s investments in its home state riskier than investing in other states, with projects being lower in quality and higher in cost.”

Exxon

Adding to the issue, Exxon Mobil also announced it may need to write down its California assets by up to $2.6 billion. “While the Corporation is progressing efforts to enable a restart of production, continuing challenges in the state regulatory environment have impeded progress in restoring operations,” said Exxon. The company expects Q4 earnings to decline by ~$800 million compared to Q3, along with a $1.7 billion drop in industry margins.

Companies as large as Chevron or Exxon Mobil cannot simply pack up and move to another state. Instead, companies are downsizing operations in California and rejecting new projects. California is operating at a $68 billion deficit and cannot afford to lose more business. This will impact gas prices throughout the nation, not just in California. It is not the oil companies but the GOVERNMENT that is price gouging the people through regulations and taxation.

The Next Supply Chain Crisis?


Posted originally on Jan 8, 2024 By Martin Armstrong 

yemen houthi 770x385@2x

The kids Obama attempted to bomb in Yemen all those years ago grew up fast. They’ve now formed surprisingly efficient militias who hate the West and have become powerful enough to impact global trade. Yemeni Houthi rebels are blocking carriers from passing through the Suez Canal and have created near pandemic-level disruptions to the supply chain.

The militia is currently in route to the Suez Canal via the Red Sea. There has been a 25% drop in commercial traffic through the Suez Canal since November. They were initially targeted shipping liners linked to Israel, but began targeting everyone by December. International shipping liners are doing everything to avoid passing through the Gulf of Aden and South Africa. This has completely altered trade between Europe and Asia as the trip is significantly longer.

cargoshipsportofloasangeles

Longer trips equate to higher shipping costs. The cost to move a 40-foot container from Asia to Northern Europe now costs $4,000 – a 173% increase. The route from Asia to the US have risen by about 55% since December at around $3,900. The Shanghai Containerized Freight Index (SCFI), a different calculation for the cost of goods shipped from China, believes costs have skyrocketed 161% since December 15, 2023.

So far, 18 companies have rerouted their orders to avoid the conflict. Shipping rates are now DOUBLE 2019 pre-pandemic levels. The IMF believes 3.1% of ALL world trade is fleeing the Red Sea.

The price of goods will rise, and that will be passed onto consumers; inflation will rise. Governments will be forced to step in to prevent the Houthis from further disrupting world trade. Lives will be lost. And now the West has a valid reason to begin the Israeli canal that they’ve been envisioning for years. This is only the beginning of what will be a violently expensive situation that will send ripple effects throughout the global economy.

WEF: Gen Z Will Accept CBDC


Posted originally on Jan 8, 2024 By Martin Armstrong 

WEF Schwab You Will Own Nothing

The World Economic Forum recently published an article explaining how banks can attract the youngest members of the global workforce. Gen Z (born between 1997-2012) is the first generation to grow up with the internet. Younger Millennials had access, but not to the extent of Gen Z who does not recall life before smartphones. The WEF is looking for ways to profit on their trust in digital products.

The article notes a survey by Oliver Wyman Forum that found that Gen Z has confidence in traditional brick-and-mortar branch banks, with 43% indicating the physical locations give them “peace of mind.” Around 72% of adults in that demographic use “neobanks” which are online-only but various apps and updated features that actually do simplify banking for young individuals. The WEF believes merging the two will benefit the generation who will own nothing and be happy.

They speak of how Gen X is more likely than Millennials to begin investing in equities at a young age, but they fail to note that is because no one trusts government investments. As for young investors, bonds and traditional vehicles are simply boring. Their risk tolerance is much higher. We saw the Gamestop phenomenon and the countless people who lost it all while shouting “DIAMOND HANDS” and “HODL” (yes, I have heard the lingo against my will) as they were misled into believing that they had the power to manipulate the markets.

The WEF also discusses how Bitcoin and cryptocurrencies appeal to the younger investor, but that it “does not imply any rejection of traditional sources of money.” Wrong!

“To build lasting relationships with Gen Zers, however, banks need to combine their physical presence with a competitive, exciting digital offering – including in the metaverse, where many members of this generation spend time. Banks must also provide services that satisfy Gen Z’s demand for convenience, choice, value, sustainability and hyper-personalization.”

Do you see where this is going? The WEF believes that Gen Z will be more willing to accept the idea of digital currency. They will market it as “exciting,” using their own word, and simply another modern technological advancement. They know that the next generation does not have the life experience to understand the full scope of what is happening. It would come as no surprise if the globalists began marketing digital currency to a younger audience first, especially before it becomes mandatory.

German Farmers Begin 8 Day Massive Protest Against Increased Government Taxation and Alarmist Climate Agenda


Posted originally on the CTH on January 8, 2024 | Sundance 

You will likely hear the term “farm subsidies” as Western media claim the German farmers are protesting the decisions by government. However, what they are protesting is not a hand-out of government funds, but rather the addition/increase of taxes for diesel fuel and farming equipment.

The planned eight-day countrywide protests by agricultural workers began today. The actions include motorway blockades and are described by the head of the farmers’ association as “the like of which the country has never experienced before.” The government is planning to increase taxes on Diesel fuel and farm equipment as part of the German “Build Back Better” climate agenda.

Additionally, you might remember the Canadian “trucker protests,” when Prime Minister Justin Trudeau and his left-wing government tried to deflect attention from the justified motive of the truckers by claiming they were Nazis and part of the right-wing extremist conspiracy to destroy government. Well, that same approach is taking place in Germany with government officials claiming the German farmers are backed by right-wing Nazis.

BERLIN, Jan 8 (Reuters) – German farmers kicked off a week of nationwide protests against subsidy cuts on Monday, blocking roads with tractors and piling misery on Chancellor Olaf Scholz’s coalition as it struggles to fix a budget mess and contain rising far-right forces.

Convoys of tractors and trucks gathered on roads in sub-zero temperatures in nearly all 16 federal states, while protesters clashed with police and leading politicians warned that the unrest could be co-opted by extremists.

The protests have forced Scholz’s unpopular government into a tricky balancing act, trying to keep a lid on the unrest while sticking to fiscal discipline after a constitutional court ruling in November threw its spending plans into disarray.

“No beer without farmers,” read one protest banner, while another tractor had a poster from the far-right Alternative for Germany (AfD) party that read “Our farmers come first.”

Vice Chancellor Robert Habeck, whose return from holiday last week was disrupted by furious farmers trying to storm the ferry he was on, warned in a video message on Monday that farmers’ right to protest could be exploited by fringe groups.

“Calls are circulating with coup fantasies, extremist groups are forming and ethnic-nationalist symbols are being openly displayed,” said Habeck. (read more)

According to the German government, the farmers are revolting…

He’s Baaaaack – Obama Has Deep Concerns About Biden’s Ability to Defeat Trump and Protect the Deep State System He Built


Posted originally on the CTH on January 7, 2024 | Sundance 

I think deep down all intellectually honest political researchers knew The Lightbringer could not possibly permit: (a) Joe Biden to try winning an election on his own without fraud; and (b) the scale of risk that Donald Trump represents.  There is far too much personal risk to the Obama embeds who have weaponized the systems of government.

The media are now reporting that Chicago Jesus has stepped back into the arena.

There was a report in the Washington Post outlining the Obama concerns, and NBC has confirmed some of the details. [Short Video then article]:

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After reviewing the WaPo article, I’ll show you what I think is triggering the Lightbringer.

WASHINGTON DC – Former president Barack Obama has raised questions about the structure of President Biden’s reelection campaign, discussing the matter directly with Biden and telling the president’s aides and allies the campaign needs to be empowered to make decisions without clearing them with the White House, according to three people familiar with the conversations.

Obama grew “animated” in discussing the 2024 election and former president Donald Trump’s potential return to power, one of the people said, and has suggested to Biden’s advisers that the campaign needs more top-level decision-makers at its headquarters in Wilmington, Del. — or it must empower the people already in place. Obama has not recommended specific individuals, but he has mentioned David Plouffe, who managed Obama’s 2008 race, as the type of senior strategist needed at the Biden campaign.

Obama’s conversation with Biden on the subject took place during a private lunch at the White House in recent months, one of the people said, a meeting that has not been previously reported. Biden, who has long used Obama as a sounding board, invited his former boss to lunch, and the two discussed a range of topics including the 2024 election. (read more)

The rest of the article is blah, blah, blah… talking about David Plouffe possibly joining Team Biden to lead the reelection.   Yes, that David Plouffe.

If you have not been following CTH research and election road mapping, you might not have the accurate context for the next part.  So, a brief summary:

In 2020 in order to avoid Bernie Sanders, The Lightbringer and South Carolina’s James Clyburn agreed to merge BLM with AME. [Biden was oblivious] BLM would use George Floyd to activate action – the AME church network would use their implanted precinct captains. Chicago Jesus/Clyburn then agreed to Kamala. Shortly before Super Tuesday they told pudding brain, who had no options.  Then Obama got on the phone, organized the exit strategy for the other candidates, and made the promises of the precursory indulgences they would receive.   The bringer of all progressive enlightenment told Elizabeth Warren to stay in a little longer to ensure the Sanders (progressive) group was divided, and Super Tuesday went as planned.  That’s how 2020 rolled.  The AME team then fabricated the ballots as needed in the general.

So, what’s happened recently that has Obama triggered?

Ask James Clyburn….. WATCH:

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Obama and Clyburn are worried about Trump’s appeal to black voters.  Specifically, if the BLM/AME network will activate as strongly in 2024 – given the potential for scrutiny as the AME precinct group in Philly, Fulton, Racine, Clark, Wayne and Pittsburgh counties might be nervous about doing the ballot scheme again.

That’s it.

That’s the fear.

[ps. My guess is the BLM ’24 trigger event will be activated by the FBI on/around April 19th.]

Something Familiar – A Rather Unusual JPMorgan 2024 Prediction?


Posted originally on the CTH on January 7, 2024 | Sundance

Considering that CEO Jamie Dimon would review this type of document and give direct approval, and considering the recent statements of political strategic advocacy by the CEO of JPMorgan {SEE HERE and SEE HERE}, this -albeit familiar sounding- prediction, is, well, rather curious:

[SOURCE, pdf – page 39]

Subtle… like a brick through a window. 

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Wait….

What was that we were saying about big bankers and finance agents controlling ‘western’ politics?

I digress.

Key Point – Western Govt Pushback Finance Focused


Posted originally on the CTH on January 7, 2024 | Sundance 

Given the increased awareness to the control mechanisms of Western government, it is perhaps beneficial to review one of the key points that can be overlooked. [The Tweet was from December 2018]

In parts of Europe, we see grassroots pushback against the larger globalist agenda as carried out by various EU entities.

In Holland and Germany, we note significant pushback against the Build Back Batter (WEF) agenda by farmers, citizens who support them, and broadly middle class industrial workers. In France the ‘yellow vest’ movement was similarly organized at a grassroots level amid similar concerns.

Now, remember back to the “Canadian truckers protest” and the approach taken by the Canadian government.  Notice how the government of Canada approached the issue of opposition to the COVID mandates by targeting the banking and finance system of the protest group.

Then, overlay how the U.S. banking system was the tip of the spear against gun sales, and the second amendment advocates along with retail gun sellers were targeted through the use of the financial system.  Additionally, the Tea Party organizations were previously targeted through the use of the IRS, again financial targeting.

As you keep this in mind, overlay how resistant voices are targeted by the Big Tech systems through the process of demonetization.  Further, all of the activist efforts, including DEI advocacy and including the organized Anti-Defamation League/Media Matters effort, involves financial targeting – in those examples through advertising.  Again, financial targeting.  The key point is that revenue in general, and banking/finance sectors specifically, are the preferred ‘Western’ attack vector.

♦ BIG PICTURE – CTH has outlined how the “Western government” sanctions against Russia were not really about shutting Russia out of the Western finance and banking system, but rather were targeted to build a financial wall to keep those inside the West controlled through the financial system.

It might seem like a small and yet obvious point, but as you get geographically closest to the epicenter of the Dollar-based financial system, it is the banking and finance sector that becomes the immediate preferred weapon.  Similar ideological social pushback happening further away from U.S. dollar finance control (EU), does not illicit such an immediate jump to the financial weapon.

If you stand back and look at this dynamic, it becomes easier to see the motives and intentions of those who are building the financial wall around us.

No one in the grey zone is really getting locked out of anything; WE ARE GETTING LOCKED IN!

As you head back up to the wall, here’s the elevator question to plant the seed:

…Did you ever wonder why the Canadian Trucker protests were targeted through the banks, but the Dutch farmer protests were not?

Tucker Carlson Outlines Nikki Haley as Favored UniParty Operative – Vivek Ramaswamy Agrees


Posted originally on the CTH on January 3, 2024 | Sundance

The gist of the Tucker Carlson outlook is: You thought Democrats were going to dump Biden for Gavin Newsom, but they’re not. They’re backing Nikki Haley instead.

In this discussion segment Tucker Carlson and Vivek Ramaswamy outline how Nikki Haley is the perfect candidate for the administrative state in Washington DC. WATCH:

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Free Healthcare in California


Posted originally on Jan 3, 2024 By Martin Armstrong 

Newsom California

Governor Gavin Newsom recently announced that California will be providing healthcare free of charge! The only caveat is that you must be an illegal migrant who does not contribute to the state’s economy. Around 700,000 migrants in California will now receive tax-payer subsidized healthcare.

Newsom’s plan is the largest expansion of insurance coverage since Obamacare. The program will be under the state’s Medi-Cal, and EVERY illegal immigrant who makes it to California will receive this luxury. I say “luxury” as the average American paid $13,493 for healthcare in 2022, according to National Health Expenditure. That is the amount for a healthy American, as one short hospital stay would cost significantly more.

America pays more for healthcare than any other nation. The US surpassed $4.3 trillion in healthcare spending in 2021, as healthcare, like everything else, grew in cost after COVID. Healthcare spending was only 5% of GDP in 1960 but surpassed 18% by 2021. As for Medicare, 65 million people were enrolled in 2022. America’s population is aging and over 20% of the population will qualify for Medicare by, you guessed it, 2030.

HealthcareByCountry

The Congressional Budget Office believes Medicare spending will double over the next 30 years into 2053, which is near yet another turning point. US GDP spending on Medicare alone will rise from 3.1% in 2023 to 5.5% in 2053. These figures do not account for the illegal migrants under Medicare through California’s Medi-Cal program. I won’t even begin to discuss how the US is funding foreign nation’s healthcare costs with tax dollars.

“In California, we believe everyone deserves access to quality, affordable healthcare coverage — regardless of income or immigration status. Through this expansion, we’re making sure families and communities across California are healthier, stronger, and able to get the care they need when they need it,” Newsom’s office told reporters.

So, how much will this endeavor cost California? Estimates are always on the low end. Currently, the state plans to spend $1.2 billion in the first six months before increasing its spending to $3.1 billion annually. California does not have the funding for this endeavor. In fact, the state is currently experiencing a $68 billion deficit and boasts the largest homeless population in the country. Newsom is yet another enemy of the American people who uses our money for virtue pandering while completely ignoring the people he vowed to represent.

Apropos of Everything – Republican Speaker Johnson Promises to Keep “Advocating” for Border Security


Posted originally on the CTH on on the January 2, 2024 | Sundance 

In order to believe that Republican politicians support border control, you would simultaneously have to believe that Congress couldn’t shut down government until President Biden takes action.

You would have to believe the GOP House has no options, no power, no control, no ability or capacity to use the power of the people’s house to change the dynamic.  That’s all nonsense.   We do the things that are important to us.  We avoid the things we do not want to do.

Republicans can shut down government, shut down agencies, cut off funding, and tell the American people why they are doing it… They can use their power to force Joe Biden to fight them and simultaneously make Biden justify to the American people why he refuses to secure our nation.  Republicans could file court cases, force action, hold impeachment hearings, issue subpoenas, force testimony, demand action or face the consequences….  There is much they can do.

Alas, instead of taking severe action in the face of severe peril, they pretend to be powerless and announce they will “advocate” which means in DC, talk about it more.

[SOURCE]

We are in an abusive relationship with government, and the GOPe is a gaslighting wing of the UniParty vulture.