Well, there’s another “economist” who can be set into the folder of ‘no longer useful’. During his appearance today on CBS Face The Nation, Mohamed El-Erian, chief economic adviser for Allianz, finishes his segment by revealing his underlying precept: Climate Change policy is now the economic policy driver of all his investment advice.
Within the interview, El-Erian said the “characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve.” Additionally, El-Erian said inflation is likely to remain high into the next year and perhaps beyond. Unfortunately, other than those two points of generally well educated accuracy, everything else is wrapped up in the political correctness of climate change…. which, you don’t really discover until the very end of the interview. WATCH:
The baseline for El-Erian saying the Build Back Better spending fiasco is a good thing, is based on accepting the pretense that massive amounts of federal spending will be needed to structurally change the U.S. economy from fossil fuel use to the Green New Deal. If you do not believe in this transformation, there is no merit to any component of the BBB spending proposal. It really is that simple.
As a consequence, El-Erian is staking the position that climate change agenda politics is now the focal point from which all other economic policy will be determined. He has conceded in his mind and worldview, perhaps based on his associations and peer discussions, that any forward economic analysis must therefore establish itself from the alternative fuel position.
It is only from the position that climate change is baked into forward economic outlooks that El-Erian can state inflation is structurally survivable, at the current level, with additional spending by federal government.
If he’s right…if congress does pass the BBB/GND at a level they are currently debating, then inflation will rise at/near current levels through Jan, Feb, March, then plateau around March/April for a few months, and then spike again -even higher- sometime around the spring 2022.
Keep in mind, in order for inflation to spike again in 2022, it will be building upon the prior massive inflationary step of 2021, because inflation is a measure of the percent change in prices year over year.
In 2021, we experienced around a 5% jump in overall CPI prices starting in the spring. That initial inflation jump cycles through at the same time next year, and you would expect the rate of inflation to drop or stabilize once the comparison period is passed in 2022. If the BBB bill is passed, the rate will jump again even when it cycles through the calendar.
- Example: December 2020 bread was $3.00
- December 2021 bread is $4.00 (25% increase over 2020)
- June 2022 bread at $5.00 is a 20% increase over 2021. Price difference same, but the rate of inflation is lower.
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Imagine the prices in the scenario above if the rate of inflation in 2022 is the same or higher than 2021. That’s the part people need to start thinking about now.
- Example-2: December 2020 Gasoline was $2.00/gal
- December 2021 Gasoline is $3/gal (50% increase)
- June 2022 Gasoline is $4.50/gal (50% increase), $5/gal, $5.50/gal etc
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The downstream consequences of interim energy policy shifts are major increases in current energy costs.
Few people realize how much everything jumps in price simply because oil, gas and energy costs increase. The entire process of creating stuff (raw materials), moving stuff, processing stuff (intermediate), transporting stuff, finishing stuff, shipping stuff, storing stuff, distributing stuff and selling stuff becomes a rising cumulative cost inside the supply chain.
When energy prices go up, a snowball effect starts traveling down the mountain getting bigger and bigger as it heads towards your house.
As Obama said, “Under my administration, energy prices will necessarily skyrocket“, but he could never actually do the structural energy change because: (1) Republicans took control of the House in January 2011; and (2) the economic blast damage would have been just too catastrophic for any attempt at re-election in 2012.
Joe Biden frees the leftists from those ideological constraints.
Everything you would normally consider to be a concern, anything that would limit the extremes of any legislative effort, has been removed. They plan to lose next year, so they have nothing to lose right now.
Joe Biden is an appointed figurehead for a background agenda driven by Obama’s Chicago Marxists and the global leftists.
The Biden far-left policy agenda is strategically a massive throw everything at the legislative process, in an effort to create major change in a short period of time. COVID is being used as the cover story, Biden is the disposable front man, and Nancy Pelosi is the facilitating legislative cohort.
Massive inflation, skyrocketing gas prices, collapsed supply chains, empty shelves or shortages in products, increased crime, devalued dollar, diminished international influence, horrible polling, predictable political consequences, none of this matters because Biden is disposable to the agenda.
Additionally, there are no limits to the obvious lies they will tell, because no one inside the administration cares about any public impact. This current effort is to drive the agenda regardless of political damage that can only catch them, or block them, in the 2022 mid-term election.
The “Green New Deal” legislation *is* the “Build Back Better” legislation. Once they get that bill passed, it’s mission accomplished. This is a legacy move for Nancy Pelosi, Chuck Schumer, Mitch McConnell and Joe Biden. This is the fundamental change part.
It appears in the interview with CBS Margaret Brennan, Mohamed El-Erian is accepting this Build Back Better legislation (or something similar) will pass the Senate and be enacted into law. At the very least, he is accepting that ‘climate change policy’ is now fundamentally accepted by U.S. voters. That perspective forms the baseline for him saying the climate change agenda is now baked into the U.S. economy, and inflation will have to be accepted – albeit at a debatable scale.
I hope El-Erian is wrong, because he is massively underestimating the scale of what will happen with total economic inflation as a consequence.
Factually, I think his analysis is corrupted by his associations on Wall Street. The elites (in his circle) think We The People are not smart enough to see what can happen if this complete transformation of the U.S. energy system is changed; or as healthcare policy architect Jonathan Gruber later said publicly, “We relied upon the stupidity of the American voter” to create Obamacare, the transformation in the healthcare system.
I am cautiously optimistic they are both wrong right now, although I can also see how this COVID noise is providing them a lot of cover.
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I miss the Trump years. No climate change bs thrown at us, at all!
Obama hates America more than Putin or Xi does. Safely behind his curtain, he feels no constraints to fundamentally destroying capitalism in favor of glorious central planning. There’s a reason he labeled people in his Administration as “Czars.”
Obozo did say he wanted to “Remake America”. Before you can remake something, you have to destroy it first.
I believe the phrase was “fundamentally transform.” Which makes what you said even more accurate.
on more than one occasion he said those very words. The problem is not a single person asked themselves what that meant. Corporate Media sort of knew but lied about what the change would look like. We nonliberals have seen it coming and know what the build Back Better really is. We need to ensure it will not pass the Senate in any form.
“Stop Gore-Bull Warbling” at principia-scientific.com > NO gas molecule can capture, store, redirect or amplify radiant energy photons moving at the speed of light > AOC, Greta & Gore are scientifically illiterate
They stole the election. We the People did not chose this. This isn’t what we want. They should all swing. Every Republican in the 5 states that stole this election and was part of it should swing along side them.
As Herman Goering aptly informed his psychologist at Nuremberg, the individual citizen has no benefit in committing his life to service of the State, so the psychopaths incentivize him through the illusion that someone or something is threatening him and only by fighting the State’s enemies can he survive. Anyone who challenges this illusion is declared unpatriotic and part of the threat. This is exactly how paranoid delusions work incidentally.
I went to bed Election night, and PDJT had won the election, I wake up the next morning and he lost.
Same as JFK.
The people don’t matter. They want the system. They can manipulate the system to create any result they desire. California is a prime example. The system for Democratic support and cheating has been established and will not be undone until the people open their eyes. Which it is Cali so not happening.
Another ‘expert’ who knows very little about his favorite topic.
cantcforest,
This “expert” isn’t an expert in economics, he just plays one on teevee.
He is an expert, though.
He just says what he needs to say to get people to
do what he needs them to do.
I guess we’ll see what happens Wednesday with the SEC…
It’s always been about wealth redistribution.
AOC’s former COS Chakrabarti said it:
“The interesting thing about the Green New Deal, is it wasn’t originally a climate thing at all,” Chakrabarti said to Inslee’s climate director, Sam Ricketts.
“Do you guys think of it as a climate thing?” Because we really think of it as a how-do-you-change-the-entire-economy thing,” Chakrabarti added.
https://dailycaller.com/2019/07/11/saikat-chakrabarti-green-new-deal/
UN Climate officials have said it:
One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with the environmental policy anymore, with problems such as deforestation or the ozone hole,” said Edenhofer, who co-chaired the U.N.’s Intergovernmental Panel on Climate Change working group on Mitigation of Climate Change from 2008 to 2015.
So what is the goal of environmental policy?
“We redistribute de facto the world’s wealth by climate policy,” said Edenhofer.
https://www.investors.com/politics/editorials/another-climate-alarmist-admits-real-motive-behind-warming-scare/
And another:
Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, made a similar statement.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said in anticipation of last year’s Paris climate summit.
“This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economicdevelopment model for the first time in human history.”
https://www.investors.com/politics/editorials/another-climate-alarmist-admits-real-motive-behind-warming-scare/
This all feeds into The Great Reset.
God help us stop this globalist train!
It never was about the climate, it is about wealth redistribution with loads of money going into Wall St crooks & their puppet criminal traitor politicians pockets. Generation Investment Management is one of them.
Similarly, the whole “CRT and DEI” is NOT about race, or improving ANYONES lives, least of all “minorities” or POC, etc.
They started from their “end point”; “HOW do we “restructure” society, to set us on the coarse, to our fictional Utopia?”
We create false narratives, based on flawed (untrue) foundations, that create an imaginary PROBLEM that must be urgently addressed.
And that paves the way for our “Solution”, which gives us the justification for implementing the policies we actually want, giving us the POWER to restructure society.
In other words “Never let a crises go to waste” ACTUALLY means CREATE a crises (where one actually doesn’t exist.
That generates enough public support to achieve the policy goals you could never get support for, otherwise.
I am now absolutely convinced “Bush v Gore” was such a ruse, the real purpose of which was to justify the Federal govt distributing 100’s of Millions of $ to States, to “upgrade” their voting systems, to Dominion.
Thats why it drew attention to “hanging chads” when less than 1 percent of districts, across the nation, were actually USING the “old, punchcard system”.
And Americans saw it play out in the media, and we all said “In the 21st century, SURELY we can do better than this!”
We got suckered, and I admit I fell for it, at the time.
They use this method, cause it WORKS. Same thing Hitler did, with the Jews, which led to his “final solution”.
That generates enough public support to achieve the policy goals you could never get support for, otherwise.
It also generates malcontents willing to do murder on behalf of the conspirators.
Isn’t Chakbrati a lover of National Socialism and a non-Heritage American? Justice Democrats are a Dr Evil Soros group.
ITs not complicated. Covid Jihad was perfected on your compliant sheep friends. Insert “Climate Change” and lather rinse repeat. Control Demand by culling or separating us clean and unclean. Ie- Cultural Marxism. We helped perfect and build the noose they are using on us..
“Covid jihad” excellent terminology. The liberal-communists are in alliance with the Muslims against the Christians. Just like back in the blood taxing murdering Ottoman & Moor days
As the administration decimates every expectation of Americans he needs a bogus, unmeasurable, unquestionable, justification for the systematic impoverishment of all Americans. Climate change is that, and so is covid, bearing the same features they need: (1) cataclysmic danger justifies anything; (2) any resistance is defined as political enemy, “denier” who is personally (with the evidence) excluded from the conversation); (3) unmeasurable ( because does not exist) such that its falsehood is not easily revealed.
The greater danger here is that the environmentalism is the heat seeking missile to annihilate private property. All legal rights for the individal, all hope of economic mobility, all prosperity, all democratic citizenship, hinges upon the institution of private property. The Devil knows this, and has instructed his international hedge funds to gobble up property while making it unaffordable to individuals, thus ending their futures and rights. Driverless cars, another symbol of personal liberty being transformed into electric surveillance and assassination machines, are another piece of the mousetrap. Fossil fuels mean personal autonomy, and now you know why they are such a shibboleth to our enslavers.
In the short term the dislocation is like the advent of socialism everywhere; suddenly all the information individuals use to make investment decisions (school, training, marriage, location, child-rearing, purchases, etc.) are worthless because the incentives have shifted from a move towards competency to a fruitless search for political connection as the decisionmaker. The ladder to personal growth in society is removed and people flounder, productivity craters, and we all are degraded to the subhuman voiceless animals our psychopathic leadership reveres. Currency is replaced by a medium of exchange based upon submission to the power center, a social credit score. No savings, and all earnings are in return for fealty to the Party.
I’ve said for quite a while that the driverless cars narrative is a devious trap for personal liberty. First, they make gas too expensive/scarce for ordinary people. Then they price electric cars out of their reach (after making gas cars illegal). Then, guess what? If you need to go somewhere, you just pull up the driverless car service on your phone and off you go. For certain demographics, the government will do it for free. Others will have to pay. And “they” get to decide if you really need to take that trip or not. This is the ultimate goal of the driverless car narrative. And the sheep love it.
Wow!…. That’s everything in a nutshell! So we’ll stated. Piercing. Through the heart. Terrifying.
The elites can structure an economy to whatever end they desire, with good effects to the populace, or not. Structuring around build back better is sound strategy, the same as building your business around pyramid support 3500 years ago in Egypt. Both will likely be equally beneficial to the general population.
Going from $3.00 to $4.00 in cost is a 33% increase.
well, now we base our economic policy on the tooth fairy and make believe in general. And, to think there was a time, not so long ago, when this guy use to make sense.
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climate change does happen but not like the commies claim . . . the historical climate record shows no indication of man made global warming or ‘climate change’ to use the nom du jour. (this point is well referenced on several excellent internet sites) So,”. . . Mohamed El-Erian’s claim that economic policy in the form of ‘build back better’ spending fiasco is a good thing is based on accepting the pretense that massive amounts of federal spending will be needed to structurally change the U.S. economy from fossil fuel use to the Green New Deal.” is akin to accepting economic policy based on the tooth fairy and make believe in general. “If you do not believe in this pretense, there is no merit to any component of the BBB spending proposal. It really is that simple.” ~ Sundance
So a man named Mohammed is worried about climate change.
Stupid ignorant man believes stupid ignorant things.
Example: Muslims believe Mohammed rode a flying horse. Well, if they can believe that then believing in global warming is a piece of cake.
The earth is cursed it will not favor men nor his efforts.
God must bless man’s effort or nothing profitable can happen.
Blessings come from above not from here.
Those are the plain facts you don’t have be an astute thinker just one who observes the world.
The world is never gonna be our friend just forget all that happy noise you hearing from the world.
Rather the earth is cursed and the world is your enemy it is selfish to core and destined for destruction.
We only have One friend who is consistent and forever.
Even the very best of family, friends and brethren are incapable of providing what we really need which is absolute guarantees.
If anything good comes to this world it will come from above not from men.
So instead of looking here for that good thing we need start looking heavenward.
Look at his first name and you know he has designs for ill for Americans. More destruction from within just like the Kenya. born Islamist.
I would happily invest in a company that has its focus on adapting to and benefitting from changes in climate. Where are the studies on this topic as studies focus solely on the possible damages as if there is no other side? This is unscientific as if there were a 3C average climate increase it would mean that some colder places will become more moderate and have better agricultural seasons.
Herding us like cattle, through fear, etc, making problems too big for us to make a difference or have a choice. THIS is why we are being denied any truth, any power over our own lives, finances, etc.
I am not sure what the climate change is going to be.
I understand only that we are going to lessen our use of fossil fuels and start using more solar and wind power.
Has anybody looked at the sunspot reports lately? We are entering a cycle which will last for at least 11 years in which the sun will make fewer sunspots than it has in previous cycles. Fact check this please.
That means it will be colder.
How much colder I do not know, but I remember pictures of houses in Texas with icicles hanging from the ceiling because the solar and wind power devices froze.
the only thing that i have seen “climate change” be a driver of……is that it is driving mentally ill liberals even MORE mentally ill than they normally are…….if thats possible
Obama has always said he wanted $6/gal gasoline to justify the radical green agenda of Democrats. Biden will make it so.
$8 gas, not $6 gas Sir. Secretary of Energy Chu said on TV that they wanted gas priced at European levels–which were $8/gallon at the time.
Sundance, your article and analysis, is pretty much spot on, as usual. I strongly disagree on one point however. Your statement: “At the very least, he (Mohamed El-Erian) is accepting that ‘climate change policy’ is now fundamentally accepted by U.S. voters.” El-Erian, the Democrats, and complicit/collaborating RINO Republicans know ‘climate change policy’ is NOT fundamentally accepted by voters. They know this because they all see the train wreck coming in the House in November 2022 where the Democrats are going to lose 60-100 seats to Republicans. This will be due to a variety of their policies (i.e. immigration, economy [i.e. jobs, wages & inflation], national security, endless debt, vaccine mandates, mask mandates, voter/election fraud in November 2020 and this Build Back Better $5 Trillion Dollar Climate Change crap, etc.). They may even lose the Senate, and they (Democrats, et al.) know, whatever socialist/communist/Fabian policies they want to enact (including their climate change bullshit), as well as Obama’s stalled/unaccomplished plans/promise (“we are 5 days away from fundamentally transforming the United States of America”), must be completed by December 31, 2022. After that, it’s too late, for at least 6 years, and probably much longer. For them, it’s now or never. They don’t play around, they don’t play fair and they don’t care what it takes. The ends justify the means, no matter what. Unfortunately the RINO Republicans will continue to help them.
Sundance, just one other observation. You stated in your article: “…if congress does pass the BBB/GND at a level they are currently debating, then inflation will rise at/near current levels through Jan, Feb, March, then plateau around March/April for a few months, and then spike again -even higher- sometime around the spring 2022.” I guess I don’t follow the timeline you propose. March 20 is the first day of Spring in 2022. A few months later would be the beginning of Summer (June 21st) but you mention that inflation will spike even higher in the spring of 2022. Did you mean the Summer of 2022 or the Spring of 2023? Just trying to understand the inflation timeline, as you see it, and the above statement is a bit confusing. Could you provide clarification? Thanks.
About 6 months ago, a restaurant manager called me to report that when they put their order in…
a case of bacon had increased from $ 75 to $125.
No notice was given to us that the increase was coming.
The Green New Deal is simply code for dismantling Western civilization. The “Climate Crisis” is the second biggest lie/illusion after “COVID”. Like COVID it will never end. Despite the fact that the climate is very stable, an imaginary crisis provides the perfect pretext for totalitarian control. Next up – climate lockdowns. The GND was allegedly authored by AOC which is just a little joke played on us by the Powers. She Guevara is a wind-up toy/ useless idiot incapable of authoring anything of significance. She doesn’t have the brains of a dog
El-Erian then left the studio, took his electric-powered limosine to the airport where his wind powered jet flew him to Davos for a meeting with his globalist friends.
Geez…I had much respect for el Erian but less so now. And I have a substantial amount of money in an Allianz annuity that is due to mature in a few years and will be a substantial portion of my retirement income.
How are so many of these business leaders succumbing to the climate change farce? Are they that lacking on critical thinking? Global warming is a cult. Global cooling is our future. These idiots will soon be left shivering in a few decades.
http://notrickszone.com/wp-content/uploads/2019/01/Global-Cooling-Ahead-Mao-2019.jpg
Some of the idiots were selling socialism from glaciers before selling socialism from floods. If they live long enough, they will go back to selling socialism from glaciers.
As others have noted, this all has NOTHING to do with climate. No, this is about MONEY, POWER, CONTROL. Through ESG Scores, and alliances such as GFANZ (Glasgow Financial Alliance for Net Zero) and others, we who hold the privately-held assets these thieves, liars and frauds have PROMISED as the means to pay for the “green transition” will be forced to buy, invest in, insure with, etc., only those firms THEY decide we will… THAT is how, as the World Economic Forum has promised, by 2030 “you’ll own nothing, and be happy.”
Vote fraud still reigns supreme. So I am not at all convinced that the Republicans will win back the House and the Senate in 2022.
Moreover, I’m not convinced that even if the GOP does win back the Congress in 2022, that they could or would do what is necessary to throttle Build Back Better and the Green New Deal. In any case, Biden/Harris would simply veto any legislation that undid the spending.
But maybe I’m being too pessimistic. Is there hope in these circumstances?
Suppose an energized and politically cleansed GOP controls the Congress in 2023. Under the assumption that Trump or DeSantis will be president in 2025, could a GOP reconstructed for MAGA purposes use the time between 2023 and 2025 to create a legislative plan and agenda targeted at undoing what had been done by the Democrats in 2021 and 2022?
IMHO, the only way this could happen would be if MAGA Republicans were successful in completely replacing the current RINO Republican leadership in 2023 and then began placing enormous pressure on those RINO Republicans still in Congress to accept the MAGA agenda.
Republicans controlled the House and Senate when the criminal Clinton got into office, and did not do a thing to stop his treason & crimes and did not build the Wall or do nothing about the immigration invasion. They helped pass all of those ruinous & criminal Free Trade deals that decimated our tax ratables and jobs. Paul Ryan & China Mitch sabotaged much of PDJT’s MAGA agenda, what is going to be diferent in 2022?
I bewieve we are scwewed.
I didn’t watch the video so I don’t know if he spoke to the level of inflation that will result from this boondoggle so whether he is underestimating it I don’t know. I think he is right to consider it built into the cake at this point and that is probably good advice for any investor to keep in mind going forward. I don’t know him well enough to know his personal views but, he is simply acknowledging reality. Some people claim Musk rode to fame and fortune largely from subsidies to his customers and his companies due to the same thing but, he merely took advantage of reality. As any economy moves down the continuum to more government control, the government becomes increasingly important to capital and capital is you, me, everyone else and everything we own. Wealthy people employ lots of smart expensive people simply to minimize how much they have to fork over to the beast which consumes all it can get and generates little productive output from it.
When the stock market crashes and nest eggs disappear dependence on government will grow even more. Just what the Marxists want.
what word did the Cabal redefine into the word ‘Climate”?
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An old iteration of the StarGate series, “Atlantis,” had the nemesis of evil aliens who suppressed technology and culled each planet’s population in order to keep them in a state where they were a controllable feed supply. They fed off human energy. The Wraith underestimated humanity as well. The left are wraiths
Climate change economics is based upon governmental spending.
So, in this economists view, governments determine economics, not consumers?
Doesn’t work out well that way.
Check Argentina.
Everybody should read Lyn Alden’s newsletter here discussing the energy economy, and specifically note how difficult it will be to replace fossil fuels.
https://www.lynalden.com/december-2021-newsletter/
I suspect he’s warning us of what to expect if this unprecedented Govt intrusion into our private economy continues unabated.
Uh, no!!! He’s one of them. He’s just stating that THEY have all decided to transfer our assets into THEIR hands, and the means by which they’re intent on achieving it.
Three points – One & two are additions, and the third is a correction.
One – El-Erian’s firm, Allianz, is deeply invested in the GFANZ (Glasgow Financial Alliance for Net Zero). This alliance is all about achieving “net zero” “carbon emissions”, and their Governance and Members are committed to delivering this “transition”, including a total of over $130 trillion in private capital to do so. NOTE THAT THIS PRIVATE CAPITAL IS ACTUALLY IN THE PEOPLE’S OWNERSHIP. See https://sustainablefutures.linklaters.com/post/102han7/cop26-gfanz-members-commit-130-trillion-of-private-capital-to-net-zero-transiti, and https://www.gfanzero.com/press/amount-of-finance-committed-to-achieving-1-5c-now-at-scale-needed-to-deliver-the-transition/. See the list of folks/firms involved in Governance (pp. 94-96) and their Members (pp. 97-100) – https://assets.bbhub.io/company/sites/63/2021/11/GFANZ-Progress-Report.pdf. Note that there are also several other related alliances (pp. 100-102), such as the NZBA (Net Zero Banking Alliance).
Two – GFANZ & related other alliances, agreements, etc., are the MEANS by which the capital and assets in private hands will be FORCED to pay for the “green transition”… VIA ESG SCORES AND THE LIKE, ALL CLIENTS, AND WORKERS, AND CONTRACTORS (yes, even the sandwich guy, if there are any remaining, AND CLIENTS OF CLIENTS, AND WORKERS OF CLIENTS, AND CONTRACTORS OF CLIENTS, etc. – you get the drift – WILL BE FORCED TO COMPLY WITH RULES WHICH THEY HAVE DECIDED UPON FOR HOW WE ARE TO INVEST, INSURE, PURCHASE, LOAN, ETC. This is a global expansion of the “Operation Choke-Point” which Obummer helped usher into being during his Regime. As the private capital is in OUR hands, the peoples of the world, WE MUST BE FORCED TO PART WITH IT – FOR THE “GREATER GOOD.” THIS IS JUST ANOTHER MEANS OF MAKING THE RICH & THEIR BUDDIES RICHER, AND THE MASSES POORER & POORER. Recall Klaus Schwab of the World Economic Forum’s promise – that by 2030, “You’ll own nothing, and be happy.” THIS IS HOW THEY MEAN TO ACHIEVE THAT.
Three – Obummer is just another puppet in this massive scheme of fraud, thievery and enslavement!!! NOT the mastermind! He’s way too stupid and lazy to be the mastermind for even how his lunch sandwich is prepared. Why so many, including yourself, Sundance, are locked onto him escapes me. Perhaps it’s because he’s the one who we Americans can most readily identify as one of the biggest and most obvious of the treasonous snakes in our so-called “leadership” position??? Perhaps b/c this latest round of tyranny appears to have started with his Reign??? Whatever the reason(s), it’s an insult to the intelligence of ALL of us to keep foisting him as the mastermind. Look deeper. WEF. IMF. BIS. UN. ETC.
Three points – One & two are additions, and the third is a correction.
One – El-Erian’s firm, Allianz, is deeply invested in the GFANZ (Glasgow Financial Alliance for Net Zero). This alliance is all about achieving “net zero” “carbon emissions”, and their Governance and Members are committed to delivering this “transition”, including a total of over $130 trillion in private capital to do so. NOTE THAT THIS PRIVATE CAPITAL IS ACTUALLY IN THE PEOPLE’S OWNERSHIP. See https://sustainablefutures.linklaters.com/post/102han7/cop26-gfanz-members-commit-130-trillion-of-private-capital-to-net-zero-transiti, and https://www.gfanzero.com/press/amount-of-finance-committed-to-achieving-1-5c-now-at-scale-needed-to-deliver-the-transition/. See the list of folks/firms involved in Governance (pp. 94-96) and their Members (pp. 97-100) – https://assets.bbhub.io/company/sites/63/2021/11/GFANZ-Progress-Report.pdf. Note that there are also several other related alliances (pp. 100-102), such as the NZBA (Net Zero Banking Alliance).
Two – GFANZ & related other alliances, agreements, etc., are the MEANS by which the capital and assets in private hands will be FORCED to pay for the “green transition”… VIA ESG SCORES AND THE LIKE, ALL CLIENTS, AND WORKERS, AND CONTRACTORS (yes, even the sandwich guy, if there are any remaining), AND CLIENTS OF CLIENTS, AND WORKERS OF CLIENTS, AND CONTRACTORS OF CLIENTS, etc. – you get the drift – WILL BE FORCED TO COMPLY WITH RULES WHICH THEY HAVE DECIDED UPON FOR HOW WE ARE TO INVEST, INSURE, PURCHASE, LOAN, ETC. This is a global expansion of the “Operation Choke-Point” which Obummer helped usher into being during his Regime. As the private capital is in OUR hands, the peoples of the world, WE MUST BE FORCED TO PART WITH IT – FOR THE “GREATER GOOD.” THIS IS JUST ANOTHER MEANS OF MAKING THE RICH & THEIR BUDDIES RICHER, AND THE MASSES POORER & POORER – AND ENSLAVING US, FOR GENERATIONS… Recall Klaus Schwab of the World Economic Forum’s promise – that by 2030, “You’ll own nothing, and be happy.” THIS IS HOW THEY MEAN TO ACHIEVE THAT.
Three – Obummer is just another puppet in this massive scheme of fraud, thievery and enslavement!!! NOT the mastermind! He’s way too stupid and lazy to be the mastermind for even how his lunch sandwich is prepared. Why so many, including yourself, Sundance, are locked onto him escapes me. Perhaps it’s because he’s the one who we Americans can most readily identify as one of the biggest and most obvious of the treasonous snakes in our so-called “leadership” position??? Perhaps b/c this latest round of tyranny appears to have started with his Reign??? Whatever the reason(s), it’s an insult to the intelligence of ALL of us to keep foisting him as the mastermind. Look deeper. WEF. IMF. BIS. UN. CENTRAL BANKS. ETC.
“We relied upon the stupidity of the American voter”
If Gruber were wrong about this we wouldn’t be where we are today. Just sayin’