Tag Archives: Digital Identity

Apr 1 2022

International Monetary Fund Warns Russian Sanctions Will Undermine U.S. Dollar Global Dominance as Trade Currency


Posted originally on the conservative tree house on March 31, 2022 

Comrade rebels, the International Monetary Fund’s (IMF) Deputy Managing Director says the sanctions against Russia are likely to undermine the US dollar’s global dominance as a trade currency.

As we have outlined, this is ultimately the counter strategic goal of Russia and Putin’s economic allies.  It’s a feature, not a flaw, in the process that Joe Biden has triggered.

(Inside Paper) – […] “The dollar would remain the major global currency even in that landscape, but fragmentation at a smaller level is certainly quite possible,” Gopinath said in an interview with the Financial Times.  She went on to say that some countries have already begun to renegotiate the currency in which they are paid for trade.

According to Gopinath, the drastic restrictions imposed by Western countries in response to Russia’s military operation in Ukraine may result in the formation of small currency blocs based on trade between individual groups of countries.  Furthermore, the use of currencies other than the dollar or the euro in global trade would result in a further diversification of central banks’ reserve assets. (read more)

This outcome, in combination with the realization the western alliance will also necessarily lose leverage for their climate change goals, is ultimately what triggered the G7 energy ministers to demand that Russia continue using euros and dollars.

The efforts of NATO and the western alliance to crush the Russian currency have failed.  The Russian ruble currency has jumped back from the sanctions and is now even stronger than before the sanctions were put into place.  Now, with demands that Europe pay for oil and gas in rubles, Europe and the western alliance find themselves in a position of vulnerability.

With China and India supporting ongoing trade with Russia, and with Saudi Arabia responding coldly to the U.S. working on a deal with Iran for nuclear weapons, the geopolitical strategy of NATO, G7 and the proverbial western alliance increasingly looks like it will backfire.

Meanwhile, Putin’s domestic favorability within Russia is climbing as the Wall Street Journal noted:

(Wall Street Journal) – President Vladimir Putin’s approval rating in Russia has soared since he launched his invasion of Ukraine on Feb. 24—to 83% from 71% last month—according to independent Russian pollster Levada Center.

Surveys by Levada Center and state-backed pollsters indicate that around two-thirds of Russians back Mr. Putin’s war, which the Kremlin refers to as a special military operation. Experts have cautioned against taking current Russian polls on face value, given that Russian authorities have pursued a crackdown against dissent, including a media blackout of any reports contrary to the Kremlin’s narrative about Russia’s actions in Ukraine.

Mr. Putin’s approval rating had for the past few years hovered in the 60s, according to Levada, which has tracked the longtime Russian leader’s rating since he became prime minister in 1999.

[…] Levada, which was designated a foreign agent by Russian authorities, also found that the percentage of Russians who believe the country is moving in the right direction increased since the war began: 69% of Russians now believe Russia is headed in the right direction, compared with 52% in February and 50% in January, the poll showed. (link)

Who knew fracturing the globalist ‘new world order‘ alliance would be so popular?  Apparently, the timing was perfect.

When you consider the same leaders within the western alliance have been acting as authoritarian dictators for the past two years, with their COVID rules, mandates, fiats and unilateral decrees that undermined the “democratic norms and rule-based order” they claimed to represent, it is not a surprise to see them standing naked to their enemies.

The western leaders have no credibility to stand atop their soapboxes and rail against autocracy when they have been acting like autocratic dictators for the past two years.   Their proclamations are falling on the deaf ears of the citizens they abused.

Embracing tyranny has consequences.

Apr 1 2022

Unified Message From White House and Democrats – Save the Planet, Crush the Middle Class, Eliminate Use of Oil for Energy


Posted originally on the conservative tree house on March 31, 2022 | Sundance

In an effort to take advantage of the energy crisis they have created, the entirety of the Democrat political apparatus is singing in unison.  WATCH these three soundbites from today (30 seconds each):

Democrat Speaker of the House Nancy Pelosi said we can’t let higher gas prices be an “excuse” to produce more American energy…

President Joe Biden’s director of the National Economic Council Brian Deese said we need to do everything we can to reduce and eliminate fossil fuels

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President Joe Biden’s White House Communications Director Kate Bedingfield said fossil fuels are “not sustainable”…

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The federal takeover of healthcare, via Obamacare, was the ‘big move in Obama’s first term’.

The federal takeover of all energy production and delivery, via climate change ideology, is the ‘big move in Obama’s third term.’

Apr 1 2022

Biden Announces Plan to Lower Gasoline Cost, Release 1 Million Barrels of Oil Per Day for Next Six Months From Strategic Petroleum Reserve


Posted originally on the conservative tree house on March 31, 2022 

The White House occupant took to the literal stage today to gaslight the American people and state it is not his energy policy that has created massive increases in gas prices.  Instead, chief of staff Ron Klain has convinced the puppet to claim Vladimir Putin is to blame for the increase in oil costs.

The manipulative effort to distract the nation from his energy and economic policy outcomes is brazen. However, like most things recently, the blame-casting is likely to be believed by approximately 25% of Americans.

In an attempt to slow down the rising price of gasoline, the puppet on the stage-set near the white house, announced a plan to release 1 million barrels of oil from the strategic petroleum reserve every day for the next six months. {Details}

As admitted, the goal is to “bridge the gap.” Unfortunately, most will not recognize exactly what the destination is on the other side of the bridge.

Inflation is a measure of price at a moment in time relative to the same time one year ago.  Ron Klain is trying to keep the tar and feathers away until the White House policy team can cycle through the inflation comparison to the fall of 2022. That’s when the comparison flips to comparing prices to the fall of 2021.

Prices skyrocketed in the last half of 2021. If Ron Klain can keep the electoral torches from reaching the White House until the fall of 2022, the rate of inflation will look better because they will be comparing this year’s high prices to last year’s high prices. The rate of change will lessen; the rate of inflation will look better.  Unfortunately, the high prices will remain – forever.

WATCH (prompted):

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Biden on stage.  Once you see the strings on the marionettes, you can never return to that moment in the performance when you did not see them.

Apr 1 2022

Home Sales Drop 4.1 Percent in Feb, Fourth Straight Month of Declines


Posted originally on the conservative tree house on March 31, 2022 

As workers and middle class Americans continue to be squeezed by Joe Biden inflation, the inability of wages to cover housing costs continues to create a burden in the housing market.

Investment groups are purchasing hard asset real estate, which continues to keep upward pressure on home values. However, ordinary Americans are no longer able to afford upgrade or starter home purchases.

Potential homeowners are forced to continue renting as prices for everything including food, gasoline and energy costs skyrocket.   Scraping by is JoeBamanomics in action.

(CNBC) – In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the National Association of Realtors.

Sales were down 5.4% compared with February 2021. Analysts were expecting a slight gain. This is the fourth straight month of declines in pending sales, which are an indicator of future closings, one to two months out.

[…] Today’s potential buyers are facing an expensive market. The median monthly payment on a new mortgage is now taking up a much larger share of a typical consumer’s income. It jumped 8.3% in February compared with January, according to a new index from the Mortgage Bankers Association. It is nearly 22% higher than it was in February 2021. For borrowers on the lower end of the market, that monthly payment is up nearly 10% month to month. (read more)

As March comes to an end, be prepared for the first quarter GDP release (last Friday in April) to begin telling the real story of how devastating inflation has become.

GDP is the estimation of all goods and services produced in the U.S. economy minus imports.  The GDP is measured in the value of those goods and services, meaning the rate of inflation is embedded in the GDP calculation.   What we are likely to see is actual GDP contracting, but the inflationary impact may give a false estimation.

The actual quantity of goods produced, goods sold and services rendered, has almost certainly declined; however, with the valuation of those goods carrying inflation in the price, the dollar estimation of the economy will look less bad.

Take care of the durable goods you own. Keep up the maintenance on your car, home and costly appliances.  Repairs and replacements can be devastating.

Inasmuch as you have prepared to withstand the inflation and increased scarcity of highly consumable goods like food, do not forgo proactive upkeep and maintenance on your vehicle, property and home HVAC system.  Protect your family, guide your family, stay strong for your family… by staying in the right box.