Planning To Use Oil Crisis, the Global Climate Change Agenda Is Triggered – Biden Declaring Climate Emergency, IEA Proposing Global Economic Changes, AOC and Bernie Sanders Join Drumbeat


Posted originally on the conservative house on March 18, 2022 | Sundance

We could all see this coming.  The Ukraine-Russia conflict creates the opportunity for the Build Back Better initiatives to get triggered.  None of this is happening organically.  All of this is opportunism based on a series of dominos purposefully triggered.  Three government solutions to rising oil prices surface simultaneously in an effort to exploit the crisis they created.

Keep in mind, this economic roadmap was strategically outlined in the World Economic Forum “Build Back Better” initiative, and that was built upon the economic ‘climate change‘ opportunity that COVID-19 created.  The U.S. version of BBB was called the Green New Deal.

First, Biden proposes to trigger a useful “Climate Change Emergency” (LINK).  Second, the International Energy Agency proposes a “Ten Point Plan” to change energy use in the modern society (LINK).  Third, comes AOC and Bernie Sanders with the “Executive Action Agenda” (LINK).

All of this is the fundamental change represented by western government in the agenda of ‘building back better’.

(IEA) In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine, practical actions by governments and citizens in advanced economies and beyond can achieve significant reductions in oil demand in a matter of months, reducing the risk of a major supply crunch, according to new analysis released by the International Energy Agency today.

These efforts would reduce the price pain being felt by consumers around the world, lessen the economic damage, shrink Russia’s hydrocarbon revenues, and help move oil demand towards a more sustainable pathway.

If fully carried out in advanced economies, the measures recommended by the IEA’s new 10-Point Plan to Cut Oil Use would lower oil demand by 2.7 million barrels a day within four months – equivalent to the oil demand of all the cars in China. This would significantly reduce potential strains at a time when a large amount of Russian supplies may no longer reach the market and the peak demand season of July and August is approaching. The measures would have an even greater effect if adopted in part or in full in emerging economies as well. (more)

AOC and Bernie Sanders [LINK]

(Daily Mail) Progressive Democrats are urging President Joe Biden to take executive action to raise wages, combat climate change, cancel student debt, and lower health care costs.

The Progressive Caucus – led by Rep. Pramila Jayapal and consisting of high-profile liberals like Reps. Alexandria Ocasio-Cortez and Ilhan Omar and Senator Bernie Sanders –  outlined their lists of demands they said ‘would provide immediate relief to working people and their families.’ (read more)

(CNN Reports) […]”As a result of Russia’s appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,” IEA Executive Director Fatih Birol said in a statement.

The proposals reflect a recognition that the world has few realistic options to quickly replace oil supplies from Russia, the world’s No. 2 oil producer in 2021.  OPEC has signaled it’s in no rush to ramp up production and the release of emergency oil stockpiles has done little to ease shortage fears.

“The US and other IEA countries now realize that the potential loss of Russia’s oil exports constitutes a bigger supply shock than either strategic stock draws or accelerated OPEC+ production hikes can solve,” said Bob McNally, president of consulting firm Rapidan Energy. (read more)

Biden Warns China Not to Interfere in U.S. Proxy War Against Russia


Posted originally on the conservative tree house on March 18, 2022 | Sundance

Keep in mind the cunning geopolitical perspectives of Beijing’s dragon that wears the panda mask.  Recently a person attempted to dismiss the strength of China by saying they had not won a war in a thousand years, to which I replied, “tell that to U.S. workers in the rust belt.”

There are two geopolitical battle spaces in the modern era to gain superiority without kinetic warfare, economics and information; China’s arsenal in the former is massive, the U.S. strategy has been reduced to using big tech in the latter.  This is why western propaganda and censorship control over the Ukraine narrative is so important.  This statement from the White House is weak:

WHITE HOUSE – President Joseph R. Biden, Jr. spoke today with President Xi Jinping of the People’s Republic of China (PRC). The conversation focused on Russia’s unprovoked invasion of Ukraine. President Biden outlined the views of the United States and our Allies and partners on this crisis. President Biden detailed our efforts to prevent and then respond to the invasion, including by imposing costs on Russia. He described the implications and consequences if China provides material support to Russia as it conducts brutal attacks against Ukrainian cities and civilians.

The President underscored his support for a diplomatic resolution to the crisis. The two leaders also agreed on the importance of maintaining open lines of communication, to manage the competition between our two countries. The President reiterated that U.S. policy on Taiwan has not changed and emphasized that the United States continues to oppose any unilateral changes to the status quo. The two leaders tasked their teams to follow up on today’s conversation in the critical period ahead. (LINK)

The conflict in Ukraine serves China’s interests.  The dragon is smiling, bigly.

♦ Russia becomes more reliant upon China for geopolitical as well as economic support.  Chairman Xi wins.

♦ The U.S. bleeds money in deficit spending to use Ukraine to fight a proxy war against Russia.  Chairman Xi wins.

♦ A new trade currency looms on the horizon due to western sanctions against Russia.  Chairman Xi wins.

♦ Western government push further toward totalitarian control over their citizens to demand compliance.  Chairman Xi wins.

The domestic and international problems created by the people around Joe Biden serve the interests of Chairman Xi.  Changing energy policy by chasing climate change nonsense weakens the U.S. economy, Chairman Xi wins.  The panda has no need to show the dragon underneath because the west is destroying itself.

Biden can gnash his teeth as much as he wants, fat panda smiles.

Col Douglas Macgregor Discusses Outlook for Ceasefire in Ukraine


Posted originally on the conservative tree house on March 18, 2022 | Sundance 

During a segment last night, Colonel Douglas Macgregor discussed the perspective for a ceasefire and peaceful resolution to the Ukraine conflict.

The resolution issue is a very critical point, because the U.S. State Dept (CIA) and the DC political machine are standing firm in their collective desire for a long-term insurgency campaign against Russia using Ukraine as a proxy war.  Macgregor notes the geopolitical and global economic outcomes from a protracted interventionist NATO/western approach at using Ukraine for conflict against Russia.  WATCH:

Additionally, Michael Tracey (via Substack) has some background information on the Russian cruise missile attack against the military training facility located outside Lviv, near the border with Poland.  This is well worth reading, because it connects to the larger effort of the U.S. to conduct an insurgency campaign regardless of what Ukraine President Zelenskyy might desire.

(Tracey) – […] The city of Rzeszow, Poland, about 60 miles from the Ukraine border, is currently crawling with all manner of spooks, freelance war adventurers, sketchy profiteers, and assorted others. I just overheard a top official at a Washington-based NGO, which I won’t name at the moment, bragging that their “security” operations on the front lines in Ukraine are being manned by a “former Special Ops guy” — meaning a veteran of the US Military who formerly worked in “Special Operations.”

Of course, to what extent these guys can truly be characterized as “former” military, especially if they’re doing active logistics in a combat zone, is an open question. 

I also heard a translator working for a notable US journalist state that he/she personally helped facilitate the entry of American “veterans” into Ukraine through Poland, en route to do God knows what exactly. Putin has said that incoming supplies of “aid,” as well as inflows of “foreign mercenaries,” will be considered legitimate military targets — and Russia’s strike Sunday on a military facility just 15 miles from Poland was said to be an example of him following through on the threat.

This raises the very distinct possibility of US combat fatalities in the near future, even if the US individuals in question are not technically on active duty — or at least publicly acknowledged as such. What do you think the public response will be, if Russian missiles successfully strike a group of “American veteran volunteers” who have shown up to fight in Ukraine? Especially given the mounting predictions about the alleged imminence of chemical and/or biological attacks? (read more)

There were reported 200+ mercenaries killed in the cruise missile attack against the facility near Lviv.  The Daily Mail reported over 1,000 foreign fighters were housed in the facility at the time. […] A Ukrainian officer said there were around 1,000 foreigners at the camp – officially known as the International Center for Peacekeeping and Security – at the time. (read more)

After a few initial media reports about the cruise missile strikes at the training facility, the story essentially disappeared.  The question remains if any U.S. nationals, mercenaries or contractors, were at the compound and whether any were killed or injured.

An American foreign fighter, who would identify himself only as “Zander,” said he was injured March 13 in a Russian airstrike on the “International Center for Peacekeeping and Security” in Yavoriv, located in far Western Ukraine. The strike drew much notice because it was the most westward attack yet committed by Russia, just around 15 miles from the Polish border. (more)

Harris makes Biden ’20 times worse’: Gingrich


Posted originally on Rumble by Sean Hannity  Published March 18, 2022 

The Crisis in Europe – Robbing Pension Funds to Replace QE


Armstrong Economics Blog/European Union Re-Posted Mar 18, 2022 by Martin Armstrong

While in Britain Johnson was pushing for a law that allows the government to confiscate private assets of those who resist the government under the pretense of Russian Sanctions, the EU Superfund is robbing people pensions for (1) climate, (2) energy, and (3) defense which is to be funded by private pensions. This move is being defended as necessary to protect politicians against the rise of populism (anti-career politicians), deepening the commitment to slowing climate change, and now defending its borders as the US security umbrella recedes.

The EU will launch a bold $3 trillion Superfund to be funded by pension allocations rather than new taxes. So they will rob the future of people, especially over 40 who have been working all their lives for political objectives to save the careers of politicians. They argue that the security umbrella provided by the US during the Cold War is declining rapidly and this introduces new threats as they continue to agitate Russia and constantly push NATO eastward. The argument is that the US will be more concerned with China than Russia. That does not seem to be the case given all the rhetoric concerning Ukraine, but it is a handy excuse to rob the pensions in the face of a collapsing bond market.

The AUKUS submarine deal brought France’s attempt to sell new submarines to Australia in confrontation with the US. This has been argued that the US became very cold toward Western Europe. In the face of Ukraine, the EU knows it needs to move rapidly on all fronts to bolster its defenses.

French President Macron, backed by Italian Prime Minister Draghi who created the negative interest rates nightmare, argued to move swiftly to defend against Italy’s own rise of populism. Hence, they argue to push this “EU Superfund” will address all of these three-fold priorities that are urgent. The European civil unrest is rising in the fact of total fiscal mismanagement.

It appears that the politicians WANT war with Russia as a diversion. They desperately need an excuse in the face of a crumbling monetary system where especially the EU is in trouble unable to sell bonds to fund itself or the future. The solution is to rob the pension funds and that will eliminate the need to issue bonds to cover expenses. That move will only undermine the confidence in the EU and result in further civil unrest. The negative interest rates have robbed savers of income since 2014.

The EU is struggling with declining birth rates and an aging population that is enduring already very heavy tax burdens. They cannot throw the cost of climate change and defense on top of the current levels of taxation without a popular uprising to overthrow the present governments. They cannot possibly finance the Superfund with higher taxes even on the claimed higher incomes. They have threatened tax havens and hunted the rich worldwide. They are now using Ukraine as the excuse to confiscate private Russian assets that will NEVER be returned.

France is moving to overhaul its pension system and is looking at Europe’s enormous pensions as the source of revenue. The scheme is that all pensions for all workers above the age of 40 must allocate a progressively larger portion of their pension assets into Superfund bonds as they age. This is how they will create new levels of fiscal stimulus in the EU when negative interest rates have failed. The pensions will now be replacing Quantitative Easing as the entire system is collapsing. With rising inflation thanks to the mismanagement of COVID and now promoting a much-needed war against Russia the hope to keep just conventional, this level of spending everyone else’ savings they hope will replace the impossibility of selling negative interest rate bonds that NY banks now view as junk.

Welcome to the collapse of Keynesian Economics. As I have been warning – the European Central Banks is trapped and QE no longer works.

Germany to Begin Confiscating Guns


Armstrong Economics Blog/Politics Re-Posted Mar 18, 2022 by Martin Armstrong

Germany is repeating its past mistake from 1938 when Hitler authorized the Gun Control Act that banned “enemies of the state,” such as liberals and Jews, from owning firearms. A few weeks later Kristallnacht (night of broken glass) occurred and the people were unable to defend themselves. As we know, it was only a downhill battle from there where the German people were utterly helpless against the Third Reich.

At a time when the world is praising Zelensky for arming citizens and praising the people for protecting their country, the rest of the Western world continues to condemn private gun ownership. Germany will begin disarming 1,500 people who they suspect (not confirmed) are extremists. Germany already has strict requirements for citizens to obtain firearms, but this measure could ensure that people with dissenting opinions are unable to defend themselves.

Trudeau, Putin, Biden, and most world leaders have recently decried citizens as far-right Nazi extremists without valid proof. Anyone could be declared an extremist if they disobey. Germany is taking it to a new extreme by potentially categorizing the entire Alternative for Germany Party (AfG) as dangerous extremists. This group has been vehemently opposed to COVID restrictions as well.

This will begin the trend of allowing governments to disarm people based on their political beliefs. They only want citizens to have guns when they are used to promote the government’s agenda. Any dissenters will be labeled dangerous extremists who post a threat to national security. This exact event has happened numerous times throughout history and resulted in the government murdering millions (e.g., The USSR in 1929 and China in 1935).

Saudi Arabia Considers Accepting Yuan for Oil


Armstrong Economics Blog/Energy Re-Posted Mar 18, 2022 by Martin Armstrong

Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi Arabia has long had a volatile relationship with the US, and seeing the harsh sanctions imposed on Russia is only making the yuan more appealing.

Around 80% of global oil sales are exchanged in dollars, with Saudi Arabia using the USD exclusively for oil sales since the 1970s per agreement with the US government. Crown Prince Mohammed bin Salman was unable to have diplomatic relationships with President Biden after the publicized 2018 assassination of journalist Jamal Khashoggi. “We were going to make them the pariah that they are,” Biden stated in 2019. Add to this America’s nuclear negotiations with Iran and dismissal of Saudi Arabia’s request for support with military operations in Yemen.

The illusion of the dollar being an impenetrable safe haven has shattered due to Biden’s policies. Countries now know that their dollar reserves could be confiscated or frozen at any time and deemed utterly useless. The Saudis have been toying with the idea of accepting the yuan for oil payments for the past six years, but recent events just may be the final straw.

Digital Currencies & Rations


Armstrong Economics Blog/War Re-Posted Mar 18, 2022 by Martin Armstrong

QUESTION: Dear Mr. Armstrong
A question that is worrying so many…
Will programmable central bank digital currencies be successful once introduced?
Kind regards G

ANSWER: Reliable sources are saying that they intend to (1) cancel all paper currency, (2) confiscate all cryptocurrency, (3) impose rationing, (4) wage World War III. Will CB digital currency be successful? Yes and No. They will impose it by sheer force and do everything in their power to attack black markets. They will fail in this endeavor for everything relies upon the power grid. If an adversary takes out less than 10 strategic power stations, the grid will fail and so will all money transactions.

Germany in World War II counterfeited the currency of Great Britain to undermine the currency value as a tactic to win the war. Today, you just target the power grid and that will kill the economy faster and far more sufficient than ever before. The black market will probably involve canned for and silver coins dated pre-1965.

During WWII, Americans were asked to make sacrifices in many ways including rationing. With the attack on Pearl Harbor, the United States government created a system of rationing, limiting the number of certain goods that a person could purchase. Rationing included gasoline, butter, sugar, and canned milk. War also disrupted trade, limiting the availability of some goods as we will expect this time around so get some of those pink umbrellas for your drinks for they come from China. Since the Japanese Imperial Army controlled Indonesia from March 1942 to September 1945, that cut off the supply of rubber. Roosevelt’s Executive Order 8875 created the Office of Price Administration (OPA) on August 28, 1941. They put in price ceiling on most goods in auditioning to rations.

Americans received their first ration cards in May 1942. The first card, War Ration Card Number One, became known as the “Sugar Book,” for one of the commodities Americans could purchase with their ration card. Other ration cards developed as the war progressed. Ration cards included stamps with drawings of airplanes, guns, tanks, aircraft, ears of wheat, and fruit, which were used to purchase rationed items.

They will impose curfews and lockdowns. The WHO is already proposing a worldwide COVID passport and they will most likely use that to claim they are filtering out spies.

Ukraine Adopts WEF Proposals


Armstrong Economics Blog/War Re-Posted Mar 17, 2022 by Martin Armstrong

Zelensky has just signed into law the first steps of Schwab’s Great Reset. He announced he is introducing a Social Credit Application combining Universal Basic Income (UBI), a Digital Identity & a Vaccine Passport all within their Diia app. He also says that because so much money is coming into Ukraine as he has become an international celebrity, he has legalized cryptocurrencies in Ukraine. He will allow foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation.

You Know World War Reddit Gets Real When Pelosi Invokes Bono To Support Ukraine


Posted originally on the conservative tree house on March 17, 2022 | Sundance 

I said on March 1st (two weeks ago) when Bono shows up, that’s the moment when you know western propaganda over Ukraine will soon apex.

Bono’s appearance in any State Dept or CIA construct usually precedes the bombing of the proverbial milk factories and subsequent “babies are casualties of war” narrative.   Well, he didn’t officially appear in Ukraine yet, however, Nancy Pelosi did the next best thing, and Tucker Carlson noticed.

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Pro Tip – Stay away from the milk factories now.