Sean Hannity Published originally on Rumble on December 6, 2022
Biden Energy Adviser: We Drained the Strategic Petroleum Reserve to ‘Save the Global Economy’


The Bank of International Settlements (BIS) has warned in its latest quarterly report that there is $80 trillion dollar in off-balance sheet dollar debt in the form of FX swaps. This has involved pension funds and other ‘non-bank’ financial firms.
What they do not explain is that each “debt” has a counterparty that has an “asset” and in theory, that works out to net zero. But there is counter-party risk that is not discussed. This doesn’t address the liquidity issue either. Still, it is not entirely a black hole as they seem to lead some to proclaim. What is also left unexplained or addressed is the question of if they are netting across all transactions. Many of the players in this market have offsetting positions. It is one thing to scream OMG the size of the stock market is too big, and another to yell fire in a crowded theater.
This $80 trill is effectively the derivatives market. It is what it is. Marking everything to market all the time isn’t a great answer either for there can be imbalances for a day or two in the middle of chaos. What is clear is that the BIS is raising concerns, in which it also said this year’s market upheaval took place without any major issues.
On the other hand, the BIS has been pushing central banks to raise rates to fight inflation which will only accelerate the crisis since it is shortage based. This is no different from the ’70s when there was an external price shock from OPEC,. Raising interest rates did nothing to prevent inflation, instead, it resulted in a strong dollar, the collapse of the pound to $1.03 in 1985, and the US national debt more than doubled on interest expenditures.
Nonetheless, the BIS has been quieter on the inflation front this time around. Just maybe, they are starting to realize that the old theories no longer work. The September UK government bond market turmoil was created by raising interest rates and the losses on holding long-term debt in the face of rising interest rates have been just the tip of the iceberg.
The FX swap markets have become huge. Our clients are well into the trillions these days whereas twenty years ago we had less than 5 clients at the $1 trillion threshold.
Nonetheless, the complexity of the cross-positions is the real risk. One side can blow out because of the chaos these braindead politicians are creating with this war against Russia.
Europe is trying to impose a cap on Russian oil at $60 a barrel. Russian authorities rejected a price cap and threatened to stop supplying the nations that endorsed it.
Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed to cap what they would pay for Russian oil at $60-per-barrel. The limit is set to take effect along with an EU embargo on Russian oil shipped by sea.
In all honesty, this is the most braindead decision up their with trying to peg currencies. These people constantly reject any understanding of a business cycle and follow in the footsteps of Karl Marx believing that they even have the power to regulate prices of anything. Bretton Woods collapsed because of this same stupid reasoning of fixing the the dollar to gold at $35 per ounce. They capped the price of gold to dollars but never limited the amount of dollars they created. A 3-year old with a pocket calculator could have figured out that system would collapse.
So here we are with world leaders once again engaging in absolute stupidity that will come back to to rue the day they ever came up with this idea. If the price of oil rises to $100, they will prevent their own economies from acquiring energy. That would push the price of oil up even higher if they can only then buy non-Russian oil. Crude closed 2021 at $75.21. In their mind, they are trying still to destroy the Russian economy. This trick will only backfire.
Then this high-heel dancing head of Ukraine, President Volodymyr Zelensky, meanwhile, actually revealed the Ukrainian hatred of Russians and why Russia came to the aid of the Donbas because they would massacre every Russian they get their hands on as they did in Odessa as the West was silent for Russians are not entitled to human rights. Andriy Yermak, the head of Zelensky’s office, wrote on Telegram, staking out a position also favored by Poland which has also lost its mind, which will further create World War III since that is what has already been announced against Russia.
“It would be necessary to lower it to $30 in order to destroy the enemy’s economy faster.”
Granted, Russia’s crude has already been selling for around $60 a barrel, which is a deep discount from the international benchmark Brent. Whatever these people can do to create chaos in the world markets and bring the world to the brink of a major international war, they are doing it brilliantly.
BTW, our model called the low in 2020, had a Directional Change for 2022, and the next key turning point is the strongest on the Array in 2023. So thank you, braindead politicians. I am sure they will blame Putin and argue he is using energy as a weapon when, by their own statements, that is what they are doing to bring down Russia.
These world leaders are trying to cap the price of oil below market value and then this evil leader of Ukraine, Zelensky, wants the cap to be $30. I warned that Zelensky will be the man, or whatever pronoun he/she prefers, that will create World War III just as the Serbs began World War I. A low in 2023 will most likely see a slingshot up into the years ahead.
For many years the carbon allowances for individuals were esoteric goals as presented by those who assemble at various global COP meetings, Davos and the World Economic Forum. However, with rapid advances in the energy control process, a result of the pandemic and Build Back Better exit, the control officers are now quantifying the specifics for the individual citizen. [pdf Here]
In short, we are now getting down to the brass tacks. Your resource allocation is part of the “consumption intervention” consideration, where the amount of carbon emission your consumption drives is what determines the goal for your future allocation.
[From the Abstract] – There is a growing consensus, based on compelling evidence, that the world is facing a climate crisis and rapid action to reduce greenhouse gas emissions is a necessity. Historically, decision-makers and academics have discussed a range of options that can reduce our carbon footprint over the long-term. However, recent evidence demonstrates that choosing between one option and another is no longer compatible with rapid and significant emission reductions.
Increasingly, all options are required, and this involves multiple actors exploring how they can respond to the current climate crisis; including national government, cities, business and civil society. (read more)
As you can see above, the goal is to remove meat and dairy products completely.
In the next chart, you can see your allocation for “net clothing and textiles“:
In the Transporation sector, the ambitious goal is to remove all private vehicles, and the target lifetime of vehicles is 50 years.
For airline travel, citizens will be permitted one flight less than 1,500km (930 miles) every three years.
[Abstract] – “The wide range of action required to achieve a 1.5°C scenario leaves little room for delay or failure over the coming decade; other broad, supporting policies can provide a safety net by bringing about complimentary emission reductions. Examples of such policies are a wide deployment of carbon capture and storage (CCS), particularly in industries that emit direct emissions, and carbon pricing mechanisms that can underpin action across entire economies and markets. However, even deeper paradigmatic shifts may be relevant, such as adopting more useful measures of societal development than just economic growth. In practice, no one city or nation will follow the exact same emissions reduction pathway, but this report provides direction on the type, scale and timescale of policies that will need to be implemented (read more).
As mentioned in the beginning, these are the allocations we can expect to see in the future.
The enforcement mechanisms will likely vary depending on government power amid the various nations within the collective western society. However, based on the successful results from the COVID passport beta tests, gateways and permissions, some form of digital currency will likely be part of the compliance process for the carbon allocation as outlined.

COMMENT: Marty; you should not be so hard on yourself. Nobody has tried harder than you to alter the outcome. Socrates is just unbeatable. I shared your hope that gold would have just cracked $1000 and that would have been a sling-sot up. But it stopped at $1045 and the reversals were elected and that was the end of that. As a long-term trader, I understood what you meant. I remember 1985 when gold just broke $300 and the leading gold analyst ___________ threw in the towel. You called that low and that’s when I started following your work. You weren’t just an analyst, you were a trader.
So ease up. You have done your best. As you said at the WEC, nobody has tried to defeat your own model as much as you, but you have always lost.
I for one hope you do Dubai in the Spring. It would be nice to see everyone in person again.
PD
REPLY: Oh, yes. I remember that trade. It takes a trader to understand why I said if gold could crack $1,000, it would then be propelled straight up into a slingshot. Perhaps one of the most important trading tools is that the market is like a pendulum. The further it swings in one direction, the fast it will be propelled in the opposite. That is why when bubble markets peak, the vast majority of the decline takes place in two to three key time units thereafter. The failure of gold to have cracked that $1,000 psychological level is also when it has languished thereafter.
Here is the Array from October 1984. It called all the moves correctly and the major low was February with the Panic Cycle the very next month. The next temp high was on the next Directional Change in August 1985.
I have to admit, probably the one forecast of Socrates that really impressed me personally was the Array we published in 1999, which you can find on the Wayback Machine. It had targeted a Panic Cycle in 2008 – 10 years in ADVANCE! It was projecting the collapse globally of the 2008-2009 Financial Crisis. Obviously, my personal comments are not forecasts. I cannot beat Socrates and nobody else can possibly beat it.
Trading observations are not forecasts. Even look at BitCoin Monthly. You see the standard 2-month decline, temp low, then the pendulum moves back in the opposite direction, but the power is diminished. The power is too strong on the decline side. These are just observations from being a trader. They are NOT the computer. So, yes, my comments are not forecasts but observations. The computer does the forecasting not me. Not even I can defeat Socrates.
Naturally, I have received emails from those on the left and Elon Musk appears to be rising to that coveted spot of hatred once monopolized by Trump. Musk has outright suggested that Twitter was acting under government orders to suppress free speech, with his remarks coming hot on the heels of the release of a trove of documents that lift the lid on some of the social media platform’s censorship machinations around the 2020 presidential election.
The problem is that the LEFT never looks at anything objective. They have their agenda to rule over everyone and it will always come down to civil war, violence, and blood in the streets because they will NEVER back down – it has to be their way of no way. They do not believe in any democratic process.
So while they will dismiss such stories as conspiracy theories, in New Zealand, the government has admitted that Facebook gave them direct access to flag what they wanted to be censored. The rumor behind the curtain is that Zuckerberg has provided the same privilege to the USA so he could get the authority to move into banking.
The LEFT has been moving globally to seize power and the risk remains that their objective is precisely one of the points of the WEF’s 8 forecasts – the end of Democracy. They want to seize power and become a dictatorship with their philosophy and strip us of our right to even vote. They argue that the system is collapsing so they need to seize all power, The future they envision is very dark and cold.
In all honesty, if we can buy online securely, then why can we not vote online? My staff could have written the code to allow national voting I bet in less than 30 days. NEVER in my entire life have we ever had to wait so long to find out who won an election. In the ’60s, we knew that night. With the advancement of technology, the method of voting has been moving back in time. Even in the Roman Empire, they knew who would win an election in less than 24 hours.
All of this chaos in voting is ominous indeed. It appears to be setting up the entire affair to end elections and we must then face just a usurpation of power. The net result of these elections is to undermine the public confidence in voting anyhow. Joseph Stalin perhaps is the only one to ever tell the truth about elections.
It is becoming clear day by day why the mainstream media has been so against Elon Musk buying Twitter for as they say in law enforcement, there is a “Blue Code” where cops do not rat on cops and the same is true about judges. Mainstream media is so LEFT it has forgotten how to walk a straight line. They are no longer the free press – they are propaganda organizations for the takeover of our country and in the process, they will cause civil war and the collapse of Western culture. The Biden Administration clearly violated the law by telling Twitter to delete photos of Hunter smoking crack cocaine which anyone else would be in prison.

The chaos and confusion behind closed doors at Twitter in the immediate aftermath of the October 2020 surface of Hunter Biden’s Laptop from Hell, has exposed that the very top-level execs at Twitter decided to label the New York Post’s story as “hacked material” without any evidence — behind the back of then-CEO and founder Jack Dorsey. Historically, those on the LEFT have always done whatever it takes to win for their very basic philosophy is to dominate society and to shut down all resistance.
The New York Times called on President Biden to create a “Reality Czar” to shut down all dissent, which they immediately label conspiracy theories without any real investigation. CNN has called on cable companies to drop Fox News as if everything CNN says is the gospel. We are living in a world where mainstream media has become the enemy of the people pushing a political agenda no different than the New York Times during the 1930s was urging Roosevelt to adopt communism.
The New York Times cheered Stalin and constantly reported that this was the way to the future – Stalinism. They seem to be preaching that again with a “Reality Czar” right out of Stalin’s handbook. They are supporting once again this move to a Marxist Utopia. The New York Times hid the truth about Stalin because they were in favor of Communism during the Great Depression. Stalin’s great economic miracle was achieved by taking all the food from Ukraine to pretend Communism was working in Russia causing over 7 million to starve to death. Today, they are cheering World War III to destroy Russia once more in hopes of adopting this Great Resetand imposing upon the world their cancel culture with a one-world government headed by the United Nations.
I strongly recommend you watch the movie, Mr. Jones. This exposes the TRUE STORY of how the New York Times tried to support Communism in the United States back then, with their top journalist, Walter Duranty (1884-1957), who was their main man in Moscow. The New York Times promoted him to be awarded the Pulitzer Prize for reporting on how Communism was Utopia and our future. When Gareth Jones (1905-1935) in March 1933 reported this was all a lie, the truth finally began to appear.
It took the New York Times until 1990 to admit that their reporting covered up the truth about Stalin and the massive starvation in an effort, like Schwab, once again, to sell “equality” as our salvation. The New York Times covered up the more than 7 million people who died of starvation in the Ukraine famine. The New York Times wrote that their reporting on the Russian Revolution constituted “some of the worst reporting to appear in this newspaper.” They never revoked his Pultizer Prize for writing fake news about Stalin.
Homeland Security and the FBI both said that Russia’s hack of the DNC did not involve altering the vote. In fact, it was his own paper that reported on November 25, 2016: “The Obama administration said on Friday that despite Russian attempts to undermine the presidential election, it has concluded that the results “accurately reflect the will of the American people.” So, were four years of stating the Russians put Trump in the White House, not misinformation?
The constant lies the press has spun about Russia invading the US elections in 2016 and manipulations seem intent upon creating war, exactly as took place with the Spanish American War. We have returned to yellow journalism, which is based on sensationalism and crude exaggeration. Pulitzer and Hearst went head to head. I remember grade school history class blaming the Spanish American War on fake news. There is one such story that male Spanish officials were strip-searching American woman tourists in Cuba looking for claimed messages from rebels. This was the front page of Hearst’s newspaper showing what has become known as “yellow journalism” whereby the illustration was by Frederic Remington and published in the New York Journal, on February 12th, 1897.
Hearst’s New York Journal was called out for this fake news by its rival Joseph Pulitzer’s, New York World, reporting that this story was erroneous and its graphically illustrated strip-search of a woman aboard a U.S. passenger steamer was fake. The Journal article was written by Richard Harding Davis, who reported that Spanish authorities boarded the U.S. steamer, the Olivette, as it prepared to leave Havana and searched several passengers for contraband. Among the passengers was a young Cuban woman named Clemencia Arango, whose brother was a leader in the insurgency against Spanish rule. The Journal’s article was ambiguous, implying the woman was strip-searched by men, which was created by the accompanying illustration of Frederic Remington.
The New York World attacked the Journal’s fake news, quoting Arango as denying that men had strip-searched her. That task, she said, had fallen to a matron, or “inspectress.” The Journalist Davis, in a letter to the World, then blamed Frederic Remington for having drawn “an imaginary picture” and insisted his dispatch had not reported that men had conducted the search.
Nevertheless, this story of the strip search discredited the Journal as being unreliable and prone to publishing “fakes” and other thinly documented reports. Welcome to the present where the New York Times and Washington Post seem to be carrying on in the same unreliable manner as well as ABC, CBS, NBC, and of course – CNN.
We will be publishing next year a special report on what the computer is projecting for the Decline and Fall of the United States and how it will separate as was the case for every civilization historically. Like the Roman Empire, the United States will separate into three regions. However, to the surprise of many, this will also include Canada. We will let everyone know when this report is ready.
COMMENT: Thank you for all you do. Your input has guided me well.
I suspect my Bank is in deep trouble. _____ bank in ____ CA.
They specialize in small business. First red flag was freezing my account for no reason. I then bounced a check because my account was frozen. They could not give me a reason for freezing my account. Then they offered me, according to them, a great investment deal, that was the second red flag. Then I was contacted by a relationship manger. This was the third red flag.
Will be closing all my accounts with ______ next week.
MC
REPLY: There are clearly problems emerging since interest rates have risen and many banks were not in a position to take the losses on long-term investments.
Always keep some cash. A word to the wise should be sufficient
Germany is to comply virtually immediately with the EU directive to end fertilizer following the same path as the Netherlands. There is just no support in the data for Climate Change Mania. This is part of an agenda that will no doubt reduce the population along with the termination of fossil fuels. These people want war it appears to reduce the population as well and the people are fools to buy into this agenda. The lowest peak average temperature was in the year 2000 at 72.7 degrees. The low in this data set was 1888 and 72.6.and it was 72.8 in 1869. That is when we were rising from the Mini Ice Age all without soccer-moms driving SUVs to take the kids to games and schools. This does not support the proposition that CO2 from the Industrial Revolution has caused climate change.
I am sure this post would be canceled in 3 seconds or less on YouTube and Google will block it. This is the government’s own data since 1869 on New York City. I do not see some drastic warming trend as they have argued. The temperatures have oscillated with the energy output of the sun and as we head into Solar Minimum, it will get colder and dryer into 2024.
I’m sorry, but this Climate Change is absurd and it certainly does not justify what is being carried out all in the name of saving the planet. It seems that they want to kill off our children and grandchildren – not theirs between reducing food production and creating World War III. They seem to be just evil.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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