Tag Archives: Russia

Jun 2 2022

IEA Warns of Possible Gasoline Shortages and Need for Rationing


Posted originally on the conservative tree house on June 1, 2022 | Sundance

Does anyone remember during the Jimmy Carter era when odd/even days on license plates to get gas?  Well, if the International Energy Agency is accurate, and the issue extends into the U.S. as predicted by many industry insiders, we could very well see gasoline rationing once again.

Beyond all the obfuscation, denial and continual pretending, the reason for the gasoline shortages is related to this forcible shift in energy policy that is underway in Europe and the United States.  It’s not a shortage of oil, it’s the new era where the Green New Deal is the policy priority.  The people within the Biden administration do not care about the consequences, Biden is pushed in front of the camera as a useful idiot to take the blame.

Business Insider – The US could see fuel shortages this summer once people start taking their vacations — and Europe could take a particular hit from the lack of supply, the head of the International Energy Agency has warned.

“When the main holiday season starts in Europe and the US, fuel demand will rise,” Fatih Birol told Der Spiegel. “Then we could see shortages — for example, in diesel, petrol or kerosene, particularly in Europe.”

Birol also told the German newspaper that the energy crisis now underway will be more severe and longer-lasting than the oil price shocks of the 1970s, given it’s applying pressure on three fronts.

“Back then it was just about oil,” he said in the interview published Tuesday. “Now we have an oil crisis, a gas crisis and an electricity crisis simultaneously.”

Oil prices spiked in 1973 and 1979 as the Yom Kippur War and the Iranian Revolution interrupted Middle Eastern crude exports. Geopolitical events have hit the market again in 2022, as western nations impose sanctions on Russia over its invasion of Ukraine. (read more)

Joe Biden has no clue what the people running the administration agencies are doing.  Even if he were to ask them, they would simply type something into his teleprompter that he would believe and repeat.  Biden doesn’t care, the entire family is in it for the grift.

Jun 2 2022

Jury Finds Amber Heard Acted with Malicious Intent to Defame Former Husband Johnny Depp, Awards $15 Million in Damages


Posted originally on the conservative tree house June 1, 2022

It’s something a little different for this crowd, but the civil lawsuits between Hollywood actor Johnny Depp and his former wife, actress Amber Heard, have concluded.  A jury found Ms. Heard acted with malicious intent when she defamed her former husband Mr. Depp with accusations of abuse.

The jury awarded Mr. Depp $10 million in compensatory damages, and $5 million in punitive damages which are an outcome of the ‘malicious intent‘ finding.  However, the punitive damages are limited by law to $350,000.   On the three specific issues cited for consideration by the jury, the jurors all found Ms. Heard was guilty of lying, fabricating and targeting her former spouse with false claims.  {LINK} Result, Ms. Heard owes Mr. Depp $10,350,000.

Additionally, for her side of the countersuit, Ms. Heard was awarded $2 million as compensatory damages against Mr. Depp’s lawyer for one issue within a Daily Mail article where the Depp representative accused Ms. Heard of manufacturing a confrontation for publicity.   The net result of all the legal action is Ms. Heard owes Mr Depp $8.35 million.

With the three major issues around the litigation determined by the jury in favor of Mr. Depp, the actor released the following statement:

“Six years ago, my life, the life of my children, the lives of those closest to me, and also, the lives of the people who for many, many years have supported and believed in me were forever changed.

All in the blink of an eye.

False, very serious and criminal allegations were levied at me via the media, which triggered an endless barrage of hateful content, although no charges were ever brought against me. It had already traveled around the world twice within a nanosecond and it had a seismic impact on my life and my career.

And six years later, the jury gave me my life back. I am truly humbled.

My decision to pursue this case, knowing very well the height of the legal hurdles that I would be facing and the inevitable, worldwide spectacle into my life, was only made after considerable thought.

From the very beginning, the goal of bringing this case was to reveal the truth, regardless of the outcome. Speaking the truth was something that I owed to my children and to all those who have remained steadfast in their support of me. I feel at peace knowing I have finally accomplished that.

I am, and have been, overwhelmed by the outpouring of love and the colossal support and kindness from around the world. I hope that my quest to have the truth be told will have helped others, men or women, who have found themselves in my situation, and that those supporting them never give up. I also hope that the position will now return to innocent until proven guilty, both within the courts and in the media.

I wish to acknowledge the noble work of the Judge, the jurors, the court staff and the Sheriffs who have sacrificed their own time to get to this point, and to my diligent and unwavering legal team who did an extraordinary job in helping me to share the truth.

The best is yet to come and a new chapter has finally begun.

Veritas numquam perit.
Truth never perishes.”

(Source)

Hollywood continues to be weird.

Jun 2 2022

Washington DC, USA


Posted originally on the conservative tree house on June 1, 2022 | Sundance

h/t brilliant agitprop source

Jun 1 2022

NEC Director Brian Deese Defends Policy as U.S. Economy Transitions Away from Oil and Gas to Windmills and Solar Power


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

Anytime you hear the code-word “transition”, what the explainers mean is the change from traditional oil, gas and fossil fuels to renewable energy and the Green New Deal.  The phrase “economic transition” is used to explain the economic collapse of Main Street that will happen during the switch.   Remember THE GOAL?  It has never changed.

National Economic Council Director Brian Deese, aka the U.S. version of Baghdad Bob, appears before several audiences today in an effort to use as many words as possible to explain the “transition,” without actually explaining the “transition.”  Why?  Because they don’t want the average person to know what the “transition” is all about…. Because if the average person knew what this “transition” is all about, then they might realize all of these massive increases in price are being done intentionally.   WATCH:

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Again, you guys are going to get sick of me saying this…. BUT, the number one problem our country faces is that the vast majority of us are PRETENDING.

The White House is pretending the U.S. government does not have full control over what is happening in the economy.  The media are pretending not to know that the White House is avoiding admitting the agenda and economic pain is intentional and unavoidable.  The republican politicians are pretending the Biden economic transition program is because the White House is incompetent.  All of these -and so many more- are just pretenses.

What is being done by the government, in this decision to switch from an oil and gas economy into a wind and solar economy, is being done on purpose. Yes, everyone at every level of government, both political parties and every agency within it, and the entirety of the corporate media are pretending not to know this is the Green New Deal taking place.

We cannot confront or solve this stuff, until we -including media- stop pretending.  Brian Deese is Baghdad Bob.

I will not eat the bugs.

.

May 31 2022

Around 40% of US Adult Children Live with Parents


Armstrong Economics Blog/North America Re-Posted May 31, 2022 by Martin Armstrong

A large portion of the youth can no longer afford to live on their own. A new survey found that around 40% of parents in the US currently have an adult child still living at home. An additional 25% reported that their adult child temporarily lived with them but has since moved out. Of the 2,200 respondents, 33% said that their adult children simply could not afford housing on their own. An additional 33% said their child needed financial support after college, while 17% cited job losses.

This has darkened what should be the “golden years” for many Boomer parents. Around 35% said they could no longer afford their long-term goals, and 26% said supporting their adult children has hurt their short-term financial goals. An additional 14% said the added cost had limited their ability to save for future health care.

Previous generations could afford to go to school, work hard, buy a home, and start a family. That is no longer the case amid inflation at a 40-year high coupled with historically high housing and rental costs. The average federal student debt is $36,510 per borrower, while private student debt averages $54,921. Home buying is out of reach for many, as the current average price for a home in America is nearly half a million dollars. Even those with the best credit, and help from their parents, have been outbid by cash offers. Rental costs are through the roof, with the average one-bedroom going for $1,683 (22.1% YoY increase), but it is hard to find an available apartment as occupancy hit 97.5% in December 2021. This all ties in with the drastically declining birthrate as people cannot afford to support themselves, let alone a family.

The unfortunate state of the economy will lead to a new generation of frustrated individuals who are behind in life at no fault of their own. The government has killed the economy, and with it, the American dream.

May 27 2022

GDP Figures Revised Downward, U.S. Economy Shrinks 1.5 Percent in First Quarter, Things are Getting Much Worse


Posted originally on the conservative tree house on May 26, 2022 | Sundance 

May 26, 2022 | Sundance | 160 Comments

The Bureau of Economic Analysis (BEA) originally calculated the first quarter economy at a scale of -1.4% growth. The BEA revises that figure downward today with more data showing a contracted level of consumer spending [DATA HERE].  The economy contracted by -1.5% in the revised numbers.

Gross Domestic Product (GDP) is the dollar value of all goods and services produced in the economy, minus the dollar value of goods and services we import. The percentages discussed are percentages of change over time.

♦ What changed in this revision to make the economy worse?

(1) U.S. inflation was revised upward (prices increased); (2) the estimate of calculated inventories was lowered; (3) the estimate of consumer spending was raised (inflation issue); which leads to (4) a massive drop in the calculation of disposable incomes.  [See the Change Table]

This table shows where the revisions are located:

Look at the revision to disposable incomes:

The Joe Biden’s economic policy is literally: (a) draining our savings and bank accounts, and (b) increasing our personal debt as we struggle to survive.

(Via MSM) – […] The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday.

First-quarter gross domestic product declined at a 1.5% annual pace, according to the second estimate from the Bureau of Economic Analysis. That was worse than the 1.3% Dow Jones estimate and a write-down from the initially reported 1.4%.

Downward revisions for both private inventory and residential investment offset an upward change in consumer spending. A swelling trade deficit also subtracted from the GDP total.

The pullback in GDP represented the worst quarter since the pandemic-scarred Q2 of 2020 in which the U.S. fell into a recession spurred by a government-imposed economic shutdown to battle Covid-19.  (read more)

These economic conditions are mostly driven by energy policy.  U.S. energy policy underlines almost all economic activity and touches every facet of our lives as a consumer. You cannot change U.S. energy policy so drastically without changing every single economic aspect which is connected to energy policy.

What’s coming next?  WATCH:

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I concur with that prediction.

Prepare your affairs accordingly.

May 25 2022

Biden Spreads Inflation Lies on Twitter. Jeff Bezos’ Response Is Priceless | DM CLIPS | Rubin Report


Posted originally on the The Rubin Report  on Rumble on May 23, 2022

Dave Rubin of “The Rubin Report” talks about Jeff Bezos calling out Joe Biden’s inflation lies. Jeff Bezos attacked Joe Biden’s statement which connected inflation with corporate tax rates. Even Democrats like Bezos are turning on Biden as the US economy continues to tank amid inflation, supply chain problems, and market crashes.

May 25 2022

Interest Rates & The Chaos Ahead


Armstrong Economics Blog/Interest Rates Re-Posted May 25, 2022 by Martin Armstrong

QUESTION: Marty, Your forecast for the Panic Cycle here in Australian politics was correct and it beat all the polls as you did in BREXIT. Our new leader is a full-on board with the WEF climate agenda and will have all cars electric by 2030. As you say, in war you take out the power grid first. I guess this makes the power grid even more of a first-strike target.

I want to thank you for Socrates. It is great to have something that provides a non-emotional forecast. The forecasts you publish on so many things around the world are amazing and accurate.

So my question is this. You were correct that rates would rise, or Socrates was, and you said that there would be shortages with a commodity cycle mixed with war rising and civil unrest. So now that the central banks are in a state of panic, what do you expect with the panic cycle in 2023 in the Fed?

ANSWER: You are correct. Too many people attribute everything to just me as if I have a crystal ball. The forecasts are from the model. Nobody could be forecasting so many things for 40 years on a gut feeling and be correct. The odds of humanity are against that.

People tend to forecast what they want to happen. It is just an inherent human flaw. But it is also what drives markets. The majority of people are influenced by the direction of the trend. So a rising market makes people feel bullish and a declining market makes people more pessimistic. That is just a fact of life. So the ONLY hope for an accurate forecast MUST come from a non-emotional source. Staring into 2023 just looks like total chaos.

I do get the occasional email asking me how I cope with my own forecasts. I look at it this way. If I said here comes my fist, I’m going to punch you in the face. Do you just stand there and smile or do you dodge the punch, or defend against it? Isn’t it better to know something is coming to prepare?

It is more like an out-of-body experience for me personally because these forecasts are the computer and I have to stand here and watch as well as live through them. It is a different experience to forecast these events years in advance and live through them myself.

I am concerned that when you look around the globe, so many things have serious targets and panic cycles in 2023. Even in the war cycle, the computer has the highest aggregate bar for 2023. The central banks are unable to prevent inflation because this is a shortage crisis, not a speculative boom where raising interest rates will reduce the buying.

While the Central Bankers think this is clear sailing, they have entered uncharted waters. The risks of the markets discovering they cannot control the economy anymore will raise the crisis to extreme levels as we head into 2023.

May 24 2022

A Technical Study of Relationships in Solar Flux, Water and other Gasses in the upper Atmosphere, Using the April, 2022 NASA & NOAA Data


From the attached report on climate change for March 2022 Data we have the two charts showing how much the global temperature has actually gone up since we started to measure CO2 in the atmosphere in 1958? To show this graphically Chart 8a was constructed by plotting CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about 32.0% from 1958 to April of 2022. That is a very large change as anyone would have to agree.  Now how about temperature, well when we look at the percentage change in temperature also from 1958, using Kelvin (which does measure the change in heat), we find that the changes in global temperature (heat) is almost un-measurable at only .4%. As you see the increase in energy, heat, is not visually observably in this chart hence the need for another Chart 8 to show the minuscule increase in thermal energy shown by NASA in relationship to the change in CO2 Shown in the next Chart using a different scale.

This is Chart 8 which is the same as Chart 8a except for the scales. The scale on the right side had to be expanded 10 times (the range is 50 % on the left and 5% on the right) to be able to see the plot in the same chart in any detail. The red plot, starting in 1958, shows that the thermal energy in the earth’s atmosphere increased by .40%; while CO2 has increased by 32.0% which is 80 times that of the increase in temperature. So is there really a meaningful link between them that would give as a major problem?

Based to these trends, determined by excel not me, in 2028 CO2 will be 428 ppm and temperatures will be a bit over 15.0o Celsius and in 2038 CO2 will be 458 ppm and temperatures will be 15.6O Celsius.

The numbers tell us the story of the planets Atmosphere

The full 40 page report explains how these charts were developed .

blackbody-temperature-2022-04-2
May 24 2022

The Biden Administration Deliberately Destroyed Our Capacity to Produce Energy


Armstrong Economics Blog/Energy Re-Posted May 24, 2022 by Martin Armstrong

Everyone who voted for Biden will continue to see their future utterly destroyed. The climate change people are deliberately destroying the capacity to produce energy without any alternative in place. The word from DC is that they “do not give a sh-t” about the people. They want to destroy our ability to produce fossil fuels before they are thrown out of office if that is even possible.

Alaskan Senator Sullivan explains that the Biden Administration is DELIBERATELY creating an energy crisis and then wants to blame oil companies and Putin. Senator Sullivan explains what Biden has done in just the last three weeks.

Then at the same time, they want farmers to grow only green crops and terminate beef production. The Neocons want to wage war against Russian and China. And nobody stands up and asks – “WHAT THE HELL IS GOING ON?”