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.
West Virginia Treasurer Riley Moore lead the way earlier this year in removing Wall Street financial firms from holding state funds due to ‘Environmental, Social and Governance’ or ‘ESG’ climate change ideology driving investment decisions.
West Virginia had been the tip of the spear since early 2021 {link} removing Blackrock in January of 2022, and even removed banking contracts from multiple investment firms during the battle and asked other states to join in the effort {link}.
Today, Florida Chief Financial Officer Jimmy Patronis announced the DeSantis administration would be following the lead from West Virginia.
[FLORIDA] – […] State Chief Financial Officer Jimmy Patronis announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of “Environmental, Social, and Governance” standards — known as ESG.
Patronis in a prepared statement said he doesn’t “trust BlackRock’s ability to deliver” and “BlackRock CEO Larry Fink is on a campaign to change the world.”
“Whether stakeholder capitalism, or ESG standards, are being pushed by BlackRock for ideological reasons, or to develop social credit ratings, the effect is to avoid dealing with the messiness of democracy,” Patronis said.
Republican leaders in Florida and across the country have targeted ESG ratings, which can involve considering a wide range of issues in investments, such as companies’ climate-change vulnerabilities; carbon emissions; racial inequality; product safety; supply-chain labor standards; privacy and data security; and executive compensation.
Patronis said the state Department of Financial Services oversees about $60 billion and that the money with BlackRock will be moved “elsewhere.” (read more)
As part of the ongoing 2024 positioning effort, the ConInc influencers in/around Florida Governor Ron DeSantis attempted to claim Florida had led the way on the initiative. However, the reality of DeSantis as a bandwagoneer is brutally obvious to anyone who followed the previous effort and the backlash against West Virginia.
It’s good to see Florida join the effort.
This is one of those unbelievable stories of how Climate Change is being taken to such an extreme, we will unleash a serious wave of deaths from both starvation and coming freezing temperatures without fuel. The Dutch government actually is planning to buy out and close as many as 3,000 farms in the country, which set off a major protest with growers stood against their insane leaders’ attempt to now cut the country’s nitrogen emissions by 50% according to the EU deadline of 2030. This is all in the face of a total lack of ANY scientific evidence that any of this has ever changed the climate which has historically always changed.
Nobody will address how all the so-called scientists swore we were headed into an ice age during the 1970s. Then Al Gore singled handedly turned it around and said no – it’s global warming. Then to cope with bouts of cold weather, they called it Climate Change so if it was hot or cold they would NEVER be wrong.
These Dutch politicians have now said that they plan to allocate some $25 billion to buy out farmers stripping them of their farms and livelihood. They want to now purchase between 2,000 and 3,000 Dutch farms stripping them of their property rights and the very freedom that is the distinction between a free society and an authoritarian dream of relentless and endless power.
Where the Great Depression was made really “great” because there was also an environmental crisis known as the Dust Bowl, this time politicians want to create the same crisis all over again. Agriculture accounted for 40% of the Civil Workforce at the time in the USA. This is what drove unemployment to 25%. This time, we have politicians deliberately seeking to create a major food crisis all in the name of Climate Change.
It took the Dow Jones Industrials 26 years to ever retest the 1929 high. The Great Depression upended the civil workforce. It took World War II to create employment and to reduce the world population to enable everything to restart from square one. Ironically, it took the combustion engine to replace the labor in agriculture just to prevent massive starvation. Now that is what they want to destroy in addition to crops.
The Dutch plan to halve its nitrogen emissions by 2030 in accordance with European Union conservation rules, looks to be far more drastic. To meet that target, the government estimates that 11,200 farms will have to close, and 17,600 others will have to reduce their livestock numbers significantly.
What we must understand is that just back in the 1980s, the Netherlands was deeply concerned that they would be unable to feed its 17 million people. They were on a mission to produce twice as much food using half as many resources in a country that is just a bit bigger than the state of Maryland.
Netherlands’ policies to expand food production were accomplished and they became the world’s second-largest exporter of agricultural products by value behind the United States. Therefore, this sudden attack on farming is more than just a U-Turn. With the Netherlands as a major food producer is among the largest exporters of agricultural and food technology, this threatens food shortages spreading as a contagion.
The Netherlands produces 4 million cows, 13 million pigs, and 104 million chickens annually and is Europe’s biggest meat exporter. The EU is out to upend the economy of the Netherlands all for this fictional Climate Change theory. The Netherlands also provides vegetables to much of Western Europe. They have nearly 24,000 acres — almost twice the size of Manhattan — of crops grown in greenhouses that require less fertilizer and water. Dutch farms use only a half-gallon of water to grow about a pound of tomatoes, while the global average is more than 28 gallons.
What is taking place in the Netherlands is a very dark omen for humanity. The most efficient nation on earth for producing food is to be destroyed all for CO2. These people will not be satisfied until the death rate rises and civil unrest explodes as people turn hungry. As they say – even an honest man will become a thief when starving.
We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.
Within the BBB western group (identified on map in yellow), the logical consequences are increased living costs for those who live in the BBB zone, and increased prices for goods manufactured in the BBB zone. In the zone where traditional low-cost energy resources continue to be developed (grey on map), we would expect to see a lower cost of living and lower costs to create goods. Two divergent economic zones based on two different energy systems.
This potential outcome just seemed to track with the logical conclusion. The yellow zone also represented by the World Economic Forum, and the gray zone also represented by an expanding BRICS alliance. Against this predictable backdrop we have been watching various events unfold, some obvious and some less so.
Today, we get an obvious example:
NEW DELHI, Nov 24 (Reuters) – Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters.
If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.
“So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday.
Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away.
On his first visit to India since taking over as Stellantis CEO, he said the company was still working out a plan regarding EV exports from the country and had not yet taken any decisions. (read more)
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Normally we would expect to see market forces determining the ultimate economic outcome. Historically, we would not expect government policy that puts their nation at an economic disadvantage. However, in this WEF controlled new western economic normal we see multinational corporations’ making decisions and government leaders creating policy to support the corporations.
There is money to be made by corporations within the climate change agenda, and there is money to be made by producing goods with low-cost wages and cheap materials. Eventually, if you keep following this to its natural conclusion, the entire yellow zone becomes a service driven economy.
Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration. When multinational corporations run the policy of western government, there is going to be a problem. Brazil, Russia, India, China and South Africa (BRICS) saw President Obama sub-contracting, actually giving away, U.S. trade policy.
In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.
BRICS leaders are aligned as anti-corporatist. That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are. As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.
The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’
Again, if you follow the Build Back Better agenda to its natural conclusion, the entire yellow zone becomes a service driven economy.
The United Nations proposed a new method to funnel money out of developed nations during the COP27 meeting – climate reparations. The United Nations is still negotiating who will pay what, but rest assured, the US will likely pay the most. President Biden fully supports the idea in addition to the $1 billion he was granted last year to fight third-world climate change. China is considered a developing nation, according to the UN, and will not contribute to the global fund despite being the largest polluter in the world.
The ”loss and damage fund,” as it is known, would take money from rich nations in an attempt to change the weather and prevent natural disasters that would take place even if humans did not inhabit Earth. The funds would primarily be sent to countries in Latin America, Africa, and Asia. Fears are sparking that this would act as a confession, and developing nations could sue developed nations and/or businesses for additional compensation.
Trump attempted to get America out of the Paris Accord. The GOP-majority House will likely not vote in favor of this measure. Our best bet is to hope they kick the can down the road until Biden’s term has ended.
Rules for thee, but not for me! The elites rushed to Egypt for the 2022 United Nations Climate Change Conference, commonly known as COP27, to discuss how the plebians can suffer under the excuse of climate change. Sharm el-Sheikh’s airport was renovated to accommodate these climate change pioneers who arrived in over 400 private jets.
A private jet can emit two tons of carbon dioxide in one hour, which creates 14X the pollution PER PASSENGER compared to a commercial aircraft. Around 33,000 people registered for the COP27 event. From the event’s website:
“The hope is that COP27 will be the turning point where the world came together and demonstrated the requisite political will to take on the climate challenge through concerted, collaborative and impactful action. Where agreements and pledges were translated to projects and programs, where the world showed that we are serious in working together and in rising to the occasion, where climate change seized to be a zero sum equation and there is no more ” us and them” but one international community working for the common good of our shared planet and humanity.”
“We must unite to limit global warming to well below 2c and work hard to keep the 1.5 c target alive. This requires bold and immediate actions and raising ambition from all parties in particular those who are in a position to do so and those who can and do lead by example,” the website also notes. They are requesting $100 billion USD annually to “build more trust between developed and developing countries.”
When big government comes knocking on your door this winter for running the thermostat too high, remember how these elites “fought” for us. They laugh at us from their ivory towers. Climate change initiatives have nothing to do with protecting the environment; they are intended to protect the elite’s wealth and power.
They have proposed and refined so many of the carbon trading schemes, it becomes difficult to remember which iteration each new formula replaces. Heck, I’ve lost track of how many of the individual components of the larger plan are already in place. However, John Kerry has introduced the western elites at COP27 to the latest acceptable proposal surrounding coal fired energy.
Against the backdrop of sped-up Build Back Better urgency, this coal-based carbon trading platform is called the Energy Transition Accelerator (ETA).
When you stay elevated to the larger way the Energy Transition Accelerator works you can clearly see the transferring of wealth from your bank account to the global control mechanism that will eventually determine your energy allotment. The companies that provide energy are simply the collectors for the fees you will pay to the World Economic Forum income disbursement group.
(Reuters) – […] The scheme, known as the Energy Transition Accelerator (ETA), was launched at the United Nations’ COP27 conference this week by John Kerry, the United States’ climate envoy, in collaboration with the Rockefeller Foundation and the Bezos Earth Fund.
[…] Voluntary carbon markets, in which companies get emissions credits in return for channeling cash to poor countries that cut their carbon output, have often been riddled with fraud and double-counting. Many critics think rich countries should just fork out the cash themselves to close coal plants – or tax fossil fuel companies to get the money. (read more)
There’s the system in a nutshell. Energy providers must purchase emission credits from the ‘carbon market’ (govt); in the U.S. likely the EPA as they do with RIN credits. The electricity provider puts the carbon purchase credit fee in your electricity bill.
The money generated from that credit purchase system is then delivered to the government who take a cut; then pass along the balance to the central climate control unit who take a cut; then forward the remaining balance to the third-world government who also take a cut; and then the remainder is used to develop clean energy systems; which returns to the starting point with the energy providers.
See how that works?
That’s the basic operational model of all the carbon-trading platforms.
Widget Corp (energy provider) is forced to purchase a credit. Widget Corp. get the fee for the credit from the customers (you). The fee is passed on to govt, then passed on to central control, then passed on to foreign govt, then passed on to Widget Corp. for building the new clean energy system.
Yes, it’s a Build Back Better circle.
The only way to avoid the Carbon-Trading Exchange is not to join the carbon trading system.
Well, that said, what does not joining the carbon trading system look like?
(Silk Road) – The Russian Foreign Minister, Sergey Lavrov has stated that ‘over a dozen’ countries have formally applied to join the BRICS grouping following the groups decision to allow new members earlier this year. The BRICS currently includes Brazil, Russia, India, China and South Africa.
It is not a free trade bloc, but members do coordinate on trade matters and have established a policy bank, the New Development Bank, (NDB) to coordinate infrastructure loans. That was set up in 2014 in order to provide alternative loan mechanisms from the IMF and World Bank structures, which the members had felt had become too US-centric.
The Asian Infrastructure Investment Bank (AIIB) was set up by China at about the same time for largely the same reasons and to offer alternative financing than that provided by the IMF and World Banks, which were felt to impose political reform policies designed to assist the United States in return for providing loans. Both the NDB and AIIB banks are Triple A rated and capitalised at US$100 billion. The NDB bank shares are held equally by each of the five members.
In total, the BRICS grouping as it currently stands accounts for over 40% of the global population and nearly a quarter of the world’s GDP. The GDP figure is expected to double to 50% of global GDP by 2030. Expanding BRICS will immediately accelerate that process.
Concerning a BRICS expansion, Lavrov stated that Algeria, Argentina, and Iran had all applied, while it is already known that Saudi Arabia, Türkiye, Egypt and Afghanistan are interested, along with Indonesia, which is expected to make a formal application to join at the upcoming G20 summit in Bali.
Other likely contenders for membership include Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand and the United Arab Emirates. All had their Finance Ministers present at the BRICS Expansion dialogue meeting held in May. (more)
Can you see it now?
This is the global trade and finance system cleaving as a result of western government’s chasing climate change.
There will eventually be two systems of finance, banking, investment and energy use.
Can you see it now?
Right now, the ‘western’ team is not going to allow any ally to join the BRICS team without punishment.
It’s a battle for global wealth using energy development as the tool.
Last point. With this in mind, does the multinational opposition to President Trump carry a new “trillions at stake” context for you?
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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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