In September of 2019, Elizabeth Warren promised to do something on her first day in office that would rebuild the Russian economy, grow China’s influence and support the Maduro regime in Venezuela. We immediately wrote about it HERE.
SEPT 7, 2019 – Democrat presidential candidate Elizabeth Warren has made a campaign promise that was quite remarkable:
What Senator Elizabeth Warren promised in that tweet is EXACTLY what Joe Biden did on his first day in office. Now, before going further, let me explain something about that relationship that will likely make a lot more sense.
You might remember when all the democrat candidates in the 2020 primary were told to drop out right before Super Tuesday, as part of the organized effort to stop Bernie Sanders from becoming the nominee. The lone holdout was Senator Elizabeth Warren. She was polling essentially even with Joe Biden while Bernie was leading.
It was very well documented at the time that Senator Warren was negotiating terms with the Biden team for her compliance and support. Eventually, as the controlled party momentum grew, Warren agreed to drop out of the race, and she endorsed Joe Biden. The terms of that agreement were never made public, but when we look at the priority of Warren (tweet), and compare it to the literal duplication of that pledge that was carried out by Joe Biden, well, the coincidence doesn’t look coincidental. I digress…
Back to the original statement by Warren. At the time she made this statement in 2019, we outlined a very specific series of consequences that would happen if she really did target fossil fuel on day one. Now that Joe Biden has carried out exactly what Warren outlined, let’s go back to that 2019 outline of consequences and compare it to where we are today.
SEPTEMBER 2019 – The consequences of such policy are not esoteric; they are very real and very serious. Who would immediately benefit from Warren’s policy: Russia, China, Iran and Venezuela. Who would suffer – Americans. Here’s how…
Within the first 24 hours of Elizabeth Warren’s presidency she is promising to dramatically raise the price of Oil and Natural Gas. This will:
- Immediately hand Vladimir Putin hundreds of billions worth of enhanced Russian energy exports. A windfall of economic growth that will mean Russian policy expansion globally.
- Support the regime of Venezuelan dictator Maduro who relies on oil production and pricing to keep his socialist government in place.
- Expand the influence of China; and increase the value of Beijing’s investments in Russian energy and 49% state in PDVSA (Venezuela).
- Immediately help the Iranian economy; enhance the stranglehold of power by the Mullah’s over the Iranian people; help fund terrorist actions globally, and specifically create terrorist attacks in Saudi Arabia, Egypt, Libya and Israel.
- Return U.S. policy and strategy back to a position of dependence on OPEC nations; so we can expect more U.S. military involvement in the middle-east (as above).
- Destroy growth in American wages , and set up energy policy that will drive further industrial manufacturing out of the U.S. and into Mexico and Asia.
- Simultaneously drive up the price of electricity in the U.S, further exacerbating the financial costs and losses to the U.S. middle class.
- Raise gas prices back to Obama-era rates $5/gal.
- In turn this will drive up the cost of transported products, and U.S. food prices will jump approximately 20% as massive inflation hits highly-consumable categories first.
- The collective impact of the four domestic points above will drive down the ability of consumers to spend on other goods. The U.S. economy is two-thirds dependent on consumer spending…. The collective impact means economic contraction.
Candidate Elizabeth Warren is promising to deliver these results in the first 24 hours of her administration if she was to win the presidency.
Senator Elizabeth Warren has never worked in the private sector, nor has she created anything that is materially not connected to government expansion. She is proposing policy without any comprehension of downstream impact on a domestic, international, geopolitical or national security basis. Senator Warren promises these impacts in her first 24 hours in office.
{BREAK}
Everything written above was written in 2019 and predicted to happen if the President were to: “sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And ban fracking—everywhere.”
On his first day in office, Joe Biden did exactly that.
FORBES – “Through an executive action, Biden revoked permits for the Keystone XL Pipeline and put a temporary moratorium on oil and gas leasing in the Arctic National Wildlife Refuge, moves hailed by environmental and indigenous activists.” (link)
MONEY MARKETS – “President Biden signed an executive order pausing new federal oil fracking leases. (link)
CNBC – “Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.” (link)
FIRST DAY: #Biden fires opening shot on Texas energy workers.
ExecOrder revokes #KeystoneXL pipeline permit.
Kills 10,000 blue-collar jobs, many in Texas.
Makes U.S. less energy secure.Russia & Middle East cheering. #BidenKillsJobs#BidenTargetsTX
— Kevin Brady (@RepKevinBrady) January 20, 2021
Now, think about where we are right now with gasoline prices and food store prices and inflation. Scroll back up and look at what was predicted to happen in 2019 if those energy policies and executive orders were carried out.
Don’t tell me no one could see this coming. Everything from the strength of the Russian position, providing them the economic leverage to enter Ukraine, to the current gas prices and food inflation is a natural outcome of those specific policies.
Last point – While I have no inside knowledge to make the case definitive, it certainly does look to me like the terms of Warren’s exit and endorsement were delivered by Joe Biden on his first day in office. Now we are feeling the consequences.
We should do a Promises Made, Promises Delivered ad and include all those who took a hammer, axe, and chainsaw to our economy.
But Macron is apeing Zelensky’s look! (Groan.)
https://www.zerohedge.com/markets/petrodollar-cracks-saudi-arabia-considers-accepting-yuan-chinese-oil-sales
Sundance’s amazing ten-point memo from September 7, 2019 is a useful cheat sheet for informing doubters that such dire consequences were in fact highly predictable.
My only comment on these ten points is that, far from being a list of consequences, they are a list of goals.
Two-and-a half years later, there can be no doubt about it, i.e. the dire consequences ARE the goal!
Those who remember my insistent messages about Bitcoin and all manner of ulterior motives behind it, will now begin to see why Bitcoin was created, and where it will lead us, i.e. it kept the price of gold low so as to be highly affordable to Russia and China in their rarely-discussed campaign to acquire gold to weaken and destroy the US dollar.
Once the US became an oil/gas exporter, how can the petrodollar continue? I know it plays into the eurodollar, but expecting oil/gas sales to continue to be made in US dollars when the US doesn’t buy much never made sense to me.
Now I understand the basics of the eurodollar market and the need for US dollars for collateral for financial instruments. It makes sense that oil/gas be bought/sold in US dollars, along with other commodities.
None of this is any reason to go to war over. It is a book-keeping entry.
Look closely. This document was posted by the Security Exchange Commission on 3/14/2022.
It is very unusual in that it warns of an impending economic downturn. The SEC essentially warning
their members to take defensive action now! This is no Wall Street mouth piece making a market prediction,
but the government itself (SEC) admitting to just what is happening. This document is no longer available.
When I checked on the SEC web site this AM it was taken down! This is a copy of that posting!
We are very possibly going to see some extreme economic volatility starting sometime in the months
of Aug. thru Dec.
Many many years ago when my high school principal would address an auditorium
full of students and he always ended with the admonition, “Let a word to the wise be sufficient”…..
https://www.sec.gov/news/statement/tm-staff-statement-20220314
The people running our country right now hate us. And are proving it daily.
We constitute an obstacle to their aims.
Gasoline and petroleum based products are too valuable to waste on the hoi polloi.
Such products should be reserved for the exclusive use of our elites.
/s
Is OPEC and Iran along with Russia & China funding the “New Green Deal” pushed by the American left wing people because of knowing information stated below? You be the judge :
U.S. OIL SUPPLY…..INCREDIBLE..!!
About 6 months ago, there was a news program on oil and one of The Forbes Bros. was the guest. The host said to Forbes, “I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. Have in the ground?” Forbes did not miss a beat, he said, “More than all the Middle East put Together.”
The U.S. Geological Service issued a report in April 2008 that only Scientists and oil men knew was coming, but man was it big. It was a revised report (hadn’t been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and Extreme eastern Montana.
Check THIS out:
The Bakken is the largest domestic oil discovery since Alaska’s Prudhoe Bay and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable (5 Billion barrels), at $107 a barrel, we’re looking at a resource base worth more than $5.3 trillion. “When I first briefed legislators on this, you could practically see their Jaws hit the floor.
They had no idea.” says Terry Johnson, the Montana Legislature’s financial analyzer. “This sizable find is now the highest-producing onshore oil field found in the past 56 years,” reports The Pittsburgh Post Gazette.
It’s a formation known as the Williston Basin but is more commonly referred to as the ‘Bakken.’ It stretches from Northern Montana, through North Dakota and into Canada. For years, U.S. Oil exploration has been considered a dead end. Even the ‘Big Oil’ companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken’s Massive reserves, And, we now have access of up to 500 billion barrels. And because this is Light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!!!!! That’s enough crude to fully fuel the American economy for 2041 years Straight. And if THAT didn’t throw you on the floor, then this next one should – Because it’s from 2006 !!!!!!
U.S. Oil Discovery – Largest Reserve in the World Stansberry Report Online – 4/20/2006. Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the Largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush Mandated its extraction. In many recent years of high oil prices none has been extracted. With this mother lode of oil why are we still fighting over off-shore Drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on Earth.
Here are the official estimates:
8 times as much oil as Saudi Arabia
18 times as much oil as Iraq
21 times as much oil as Kuwait
22 times as much oil as Iran
500 times as much oil as Yemen
And it’s all right here in the Western United States !!!!
HOW can this BE? HOW can we NOT BE extracting this? Because the Environmentalists and others have blocked all efforts to help America become Independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy. WHY?
Researchers with this study say we’ve got more oil in this very compact area than the entire Middle East, more than 2 TRILLION barrels Untapped. That’s more than all the proven oil reserves of crude oil in the World today reports The Denver Post.
Drill baby drill in America and then top it off with nuclear power plants because they are safe, clean and very cost effective.
that “Indian” speaks with a forked tongue …