Vladimir Putin is not suffering from sanctions. The West has shot itself in the foot by banning essential Russian imports without an alternative in place. “They even named inflation after me,” he joked, hinting at the “Putin price hike” western politicians have been declaring.
The difference now, according to Putin, is that the West attempted to shun Russia. “In the Soviet times when we cut ourselves off, created the so-called Iron Curtain, we created it with our own hands,” he admitted. Putin admitted the Iron Curtain was a mistake that he has learned from. Anyone claiming Putin is pro-Communist or eager to bring back Cold War-era policies is sadly mistaken.
As I have mentioned, Russia has created a new G8. They have alliances with Brazil, Indonesia, China, Mexico, Iran, and Turkey. They claim that this new G8 will not partake in sanction wars and noted that they are already 24.4% ahead of the former G8 in terms of GDP per capita. They are welcoming new alliances as well. Countries previously begged to join Western coalitions, but they are now failing due to a flawed design from the outset. All of this is part of what our computer has been indicating – the financial capital of the world is beginning to drift from West to East.
The Russian EU Ambassador has informed the EU that gas will stop through Nordstream because a turbine that was needed was stuck in Canada because of the sanctions. Then the biggest gas field in Siberia is now on fire. That can also provide an excuse to reduce gas delivery to Europe. This will also add to the reduction in gas supply to Europe This is making things very interesting. If Gas bottoms next week, we could be looking at much higher volatility thereafter. For now, a June closing above 625 will keep the market in a broader-term support position but a real breakout would require a close for June above 795.
Pope Francis has been advocating for peace between Ukraine and Russia. He has condemned Russia’s “brutality” and said he believes Putin miscalculated the duration of the war. “They encountered a brave people, a people who are struggling to survive and who have a history of struggle,” he said. Yet the Pope is now coming under pressure for suggesting that the war could have been avoided. No one has more “behind the curtain” information than the Vatican.
Before Russia invaded Ukraine on February 24, there were signs that NATO and Ukraine were “barking at the gates of Russia.” Even the Pope has admitted the West was eager for war profits and that the conflict was “either provoked or not prevented.”
Furthermore, Pope Francis met with an unnamed Russian head of state shortly before the war began. He noted, as I have reported, that Russia was fearful of an imminent attack. “Yet here the situation is even more complex due to the direct intervention of a ‘superpower’ aimed at imposing its own will in violation of the principle of the self-determination of peoples,” he explained. This war is far more complex than Russia v Ukraine. It has become a proxy war instigated by NATO.
Posted originally on the conservative tree house on June 16, 2022 | Sundance
There have been several videos on social media about a significant loss of cattle in Kansas due to extreme heat. During a segment on his broadcast tonight, Tucker Carlson interviews cattleman Steve Stratford about the circumstances and the potential impact to the U.S. beef supply. WATCH:
Posted originally on the conservative tree house on June 16, 2022 | Sundance
Project Veritas has published another recording of an internal Twitter all hands meeting wherein Elon Musk addressed thousands of employees for the first time since news broke of his plans to acquire the company. On the call, Musk described his affinity for Twitter and said the platform was best for “getting a message out” but noted that he was concerned about the platform as it currently stands, reiterating previous statements he’s made about bots, spam, and censorship.
“I think it’s essential to have free speech,” Musk said in response to a question about his highly publicized goal to bring free speech to the platform. When pressed about what that might mean in the context of animal abuse, sexual content and offensive tweets, Musk maintained his stance. “I think there’s also, there’s freedom of speech and freedom of breach, so I think people should be allowed to say … pretty outrageous things that are within the balance, the law, but, but then they don’t, you know, get amplified,” Musk added. WATCH:
Posted originally on the conservative tree house on June 16, 2022 | Sundance
Western sanctions against Russia have been used primarily to obfuscate the cause of western inflation and keep the citizen pitchforks from reaching various government offices. So far, the strategy -assisted by western media- has been mostly successful.
However, the International Energy Agency (IEA) is reporting that despite the western sanctions against Russia, the Russian energy sector is having no trouble finding customers for its oil sales. With global oil prices at their highest rates in years, in part driven by the energy policy of the same western leaders who triggered the sanctions, Russia is getting just as much economic benefit as it was before the sanctions regime was triggered.
(EU FINANCE) – Russia continued to rake in oil revenues in May despite a global boycott from companies and most countries following its invasion of Ukraine, a new report has shown.
The International Energy Agency (IEA) said the Kremlin’s oil-export revenues surged to around $20bn last month, an 11% increase from the month before, despite shipping lower volumes.
Its latest monthly report, published on Wednesday, said this takes Moscow’s total revenue for shipping oil and crude products roughly back to levels before the invasion of Ukraine. Russian exports fell by about 3% due to lower oil-product flows, the Paris-based agency estimates.
Meanwhile, crude shipped during the month grew by nearly 500,000 barrels a day compared to the start of the year, largely thanks to higher deliveries in Asia.
“China and India, which have both sharply increased crude oil purchases from Russia, are net product exporters and have no need to lift Russian products,” it said. (read more)
The European Central Bank has announced that it plans to create a new tool to tackle the risk of eurozone fragmentation, which is the new term for divergence among member states. They are adopting this tactic out of fears of a new European debt crisis that is inevitable. From the very beginning when the EU Commission was charged with designing the Euro can to our conference in London in 1997, I warned that the promises that everyone would be paying the same rate of interest merely because they were creating a single currency was a complete fantasy. I further warned that this would lead to the collapse of the Euro if not the entire EU.
I explained that they were comparing the Euro to the Federal Debt of the US when the failure to consolidate the debts of the EU meant that the real outcome would be like the USA at the state level. A single currency did not mean that every state paid the same interest rates in the USA and that would be the ultimate reaction of the free markets. We are now in the 24th years of the Euro and its survival because deb stable post-2024.
The ECB’s decision has come as a surprise following an emergency meeting to address higher borrowing costs for many European governments on an uneven playing field. The ECB made a statement:
“Since the gradual process of policy normalization was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks.”
“The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the uneven transmission of the normalization of our monetary policy across jurisdictions,”
The comments are trying to explain the recent surge in bond yields over the past week or so as capital is starting to smell a rat. ECB has implied a more aggressive policy tightening is coming but it still failed to deliver any new measures that would support the growing unrestrained debt load. With Green governments seizing power, and the absurd sanctions on Russia, it is hard to see where there is any understanding of fiscal management on the horizon.
European capital is now very concerned about financial “fragmentation” meaning the disparity among member states in interest rates. There is clearly a rise in rates in Southern Europe compared to northern. The ECB is now saying that it will “reinvest redemptions” from its emergency bond-purchasing program. So in other words, it will NOT reduce its balance sheet concerning bonds that are under pressure for that will force greater disparity ahead – i.e. fragmentation.
The ECB claimed that its commitment to the euro is its anti-fragmentation policy. They have said that this commitment “has no limits.” Previously, Southern EU states faced materially higher borrowing costs in the wake of the sovereign debt crisis back in 2011. This is a complete disaster for the failure to have consolidated the debt meant that their idea of one monetary policy for 19 different fiscal positions cannot possibly work. I tried to explain to them from the beginning that the 12 original branches of the Fed were independent and they would raise or lower rates depending upon the regional impact. It was Roosevelt who usurped that authority and created one rate for all in 1935 creating the new head branch in Washington.
The yield on the Italian bonds traded over 4% and has broken through the Downtrend Line. While people hope that the ECB’s announcement in this unscheduled emergency meeting means they will be in control, this is more like the 5-time-divorced soul getting married again for the sixth time confirming that hope can triumph over experience. The broader long-term is that borrowing costs will have nowhere to go but higher.
The ECB’s decision to reinvestment what it previously bought merely confirms that there is a serious sovereign debt crisis unfolding.
Posted originally on the conservative tree house on June 15, 2022 | Sundance
The people controlling policy behind the Biden administration do not care about polling or political consequence. Biden is the one-term disposable tool for their collective effort to fundamentally change the United States. They have a singular focus on pushing the most destructive and consequential Green New Deal policy regardless of collateral damage. For them, using Joe Biden is a one-way ticket.
That said, none of the current political officeholders within the Democrat apparatus are going to escape the blast radius from this chaos. CNN runs a segment asking the question, how bad is the damage going to be from the Joe Biden economic policy? WATCH (90 secs):
Posted originally on the conservative tree house on June 15, 2022 | Sundance
A contracted mercenary has no legal recognition or protection as a prisoner of war. Two American mercenary soldiers have been captured by Russian forces and now present a rather unique issue for the Biden administration. The traditional end result for captured mercenaries is execution; however, Russian President Vladimir Putin may not want to hang these two State Dept. conscripts.
(Via Telegraph) – Two former US servicemen have been captured during fighting with Russian forces in Ukraine, The Telegraph has been told. The pair were taken prisoner during a fierce battle outside the north-east city of Kharkiv last week, according to comrades who were fighting alongside them.
Alexander Drueke, 39, and Andy Huynh, 27, had been serving as volunteers with a regular Ukrainian army unit. They are believed to be the first US servicemen to end up as Russian prisoners of war. They join a growing number of Western military volunteers captured by Russian forces, including at least two Britons.
Aiden Aslin and Shaun Pinner have already been told they face the death penalty as “mercenaries”. The capture of the two Americans will be diplomatically sensitive as the Kremlin may seek to use it as proof that America is becoming directly involved in the war. Vladimir Putin, the Russian president, is likely to demand significant concessions to release them. (read more)
Two Americans fighting alongside Ukrainian forces north of Kharkiv have been missing for nearly a week and there are fears that they may have been captured by Russian forces, according to their families and a fellow fighter https://t.co/eLbuXUr9pF
Posted originally on the conservative tree house on June 15, 2022 | Sundance
Much is being made of Mayra Flores flipping Texas CD-34 (South Austin through Rio Grande Valley) from democrat to republican with a special election victory last night. Indeed, a great many cocktail class republicans, those who couldn’t identify a taco without a bell next to it, are waxing philosophically about the political ramifications and what it means.
However, in ordinary terms, what Flores did was highlight a commonsense cultural disconnect between modern leftists and working-class Latinos who carry one of the best and most valuable dispositions for this day and age…. An unwillingness to pretend.
Men have penises and cannot have babies. Women do not have penises and can have babies. That might sound radical given the incessant drumbeat from leftist, DC, Marxist democrats who manipulate sociology and science, but it’s the truth.
Spend time with any Latino group, family, friends or coworkers and start talking about the modern political left, and you will quickly find out this is one socioeconomic group who are not into this modern cultural pretending. Their willingness to speak quiet truth is refreshing, even if they -at first- keep quiet until they see that you are not sold into the cultural ‘isms’ of madness.
Faith and family are important to the Latino community. Additionally, a tradition of respect for pragmatic commonsense within the social fabric of the Latin and Mexican culture also inoculates them from gender nonsense. It takes a few generations of American cultural infection before the commonsense synapse is numbed by the democrat drumbeat.
In order for modern democrats to continue advancing their insane ideology, they must pretend not to know things. First generation Latinos do not have any reference point to join the democrat assembly of pretending. Mrs. Flores tapped into that cultural truth and won easily; however, I doubt the professional republican party has any idea what that means.
(Via Politico) – […] Flores sailed to victory in Texas’ 34th District, where former Democratic Rep. Filemon Vela resigned from his seat in March to work for a lobbying firm. In one of the most Latino districts in the country, and one where Democrats have routinely won by comfortable margins for years, Flores garnered 51 percent of the vote, winning the special election without a runoff. The district lines are shifting for the next election in November 2022, but she will hold this seat until January.
Flores immigrated from Tamaulipas, Mexico when she was six years old and grew up in the Rio Grande Valley region. In addition to working as a respiratory care practitioner, Flores served as the Hidalgo County GOP Hispanic Outreach chair to increase and maintain Republican support among Latinos in the area — which has been ramping up in recent years.
Before Flores won her district Tuesday, President Joe Biden carried it by 4 points over Donald Trump in 2020 — a huge shift from the previous presidential elections under these district lines, when Trump in 2016 and Mitt Romney in 2012 were blown out by 20-plus points each.
While Flores grew up seeing most of her immigrant family vote blue, she eventually realized her views on religion, abortion and border security were more in line with the Republican Party. (read more)
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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