It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe Biden’s visit to the Kingdom of Saudi Arabia.

Is this strategic geopolitical pressure from Saudi leader Mohamed Bin Salman (MbS) ahead of the meeting with Biden; or is this a genuine possibility that looms as likely?  If the former, then Joe Biden is being geopolitically slow roasted by Saudi Arabia for his previous disparagements and ideological hypocrisy in his visit.  If it is the latter, well, then the tectonic plates of international trade, banking and economics are about to shift directly under our American feet.

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.

This article from Newsweek is exactly about this dynamic with Saudi Arabia now potentially joining the BRICS team.

NEWSWEEK – Finland and Sweden’s green light to join NATO is set to bring about the U.S.-led Western military alliance’s largest expansion in decades. Meanwhile, the G7, consisting of NATO states and fellow U.S. ally Japan, has adopted a tougher line against Russia and China.

In the East, however, security and economy-focused blocs led by Beijing and Moscow are looking to take on new members of their own, including Iran and Saudi Arabia, two influential Middle Eastern rivals whose interest in shoring up cooperation on this new front could have a significant impact on global geopolitical balance.

The two bodies in question are the Shanghai Cooperation Organization (SCO) and BRICS. The former was established in 2001 as a six-member political, economic and military coalition including China, Russia and the Central Asian states of Kazakhstan, Kyrgyzstan and Tajikistan before recruiting South Asian nemeses India and Pakistan in 2017, while the latter is a grouping of emerging economic powers originally consisting of Brazil, Russia, India and China (BRIC) upon its inception 2006, and including South Africa in 2010.

Here is the money quote:

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For those not paying close attention, the G7 is in serious trouble right now.  The G7 includes the United States, the United Kingdom, Canada, France, Italy, Japan and Germany.  The EU and Japan are on the verge of a central bank financial crisis.  Germany is the heart of the EU and their economy is FUBAR as a result of sanctions against Russia, their energy dependence and an internal inflation rate exceeding 30%.

The G7 spending response to the COVID pandemic, a collective decision outlined by the World Economic Forum and central bank organizers, has created a massive inflation crisis amid all attached economies.  Making matters worse the Build Back Better agenda promoting climate friendly energy policy over fossil fuels is pouring gasoline on the raging inferno of economic disruption.

The EU and Japanese central banks are tenuous at best, and the U.S. has seemingly positioned Europe and Asia for even further economic pain as a result of sanctions against Russia (EU) and a contracting U.S. economy impacting Asia.  The intentional global cleaving is not working out too well as the G7 leaders assemble for their summit in the Bavarian Alps.   This is the backdrop for German Chancellor Olaf Scholz.  In essence, the G7 climate policy cannot be sustained simultaneously with the German economy surviving:

GERMANY –  German Chancellor Olaf Scholz has said he wants to put soaring inflation, the energy crisis and climate change at the center of the agenda when he meets fellow G7 leaders at Schloss Elmau in the Bavarian Alps.  

Germany, which holds this year’s G7 rotating presidency, is hosting the gathering of the heads of state and government of the world’s seven leading industrialized nations from Sunday through Tuesday.

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All things considered, a remarkably honest article from CNBC outlines the likelihood for a wave of retail bankruptcies.   In part the issue is driven by COVID bailout and stimulus funds that inflated the balance sheets and hid the natural contraction that was taking place in the last half of 2021 through today.  However, bar far the biggest issue is a contraction in current consumer spending due to severe cost increases in housing, food, fuel and energy.

As we have discussed at length, consumer spending patterns shifted radically in the last year.

Despite the 2021 third and fourth quarter giving the artificial impression of strong demand, inventories were climbing and productivity in the manufacturing and services dropped dramatically.   In combination these two data points both indicated a contraction in demand.

The first quarter of 2022 showed a -1.5% overall GDP.  The second quarter ends next week, and the government data will be released in the last week of July.  I predict that Q2 data will be heavily manipulated in two ways: (1) manipulation of import data via the Ports of Long Beach and Los Angeles; and (2) the intentional use of a lower inflation rate than currently exists in all goods.   My best guess on the fake BEA numbers is a +0.2 to +0.5% positive GDP, thereby barely avoiding the technical definition of a recession.

That said, the CNBC article outlines a very bad scenario for retailers, as the consumer spending contraction hits their profit and loss statements.

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Yesterday we noted one of the likely downstream consequences from the Supreme Court decision on Roe might be that increased federalism and state control over abortion laws would lead to national ‘red lining.’  Essentially, leftists would avoid red state abortion restrictions and self-isolate in deepening blue regions where abortion is more common and accessible.

Within hours of that prediction, Google Inc sent an internal memo to employees offering to pay relocation assistance for any worker who would want to leave an area where abortion is likely to be restricted.

VIA NBC –  Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected states can apply for relocation without explaining why.

“This is a profound change for the country that deeply effects so many of us, especially women,” wrote Google Chief People officer Fiona Cicconi in an email to workers, viewed by CNBC. “Googlers can also apply for relocation without justification, and those overseeing this process will be aware of the situation.”

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In this week’s discussion monologue, Neil Oliver outlines a recent push by U.S. and U.K. authorities to vaccinate children under 5-years of age.   Despite almost zero risk to their health from COVID-19 or any variant, in the U.S. the FDA has recently approved vaccinations for babies 6-months and older.

Mr. Oliver notes the risk vs- reward in this health protocol is ridiculous on its face.  There is no substantive risk from COVID19 to any healthy child or young adult, yet the government institutions of healthcare are seemingly blind to the medical evidence.   Oliver says, “leave our kids alone,” WATCH:

[Transcript] – In the USA they are jabbing babies with the COVID vaccine, six months old and upward.  Here in Britain the NHS has been targeting children at primary school – five to 11 years old – with posters and letters depicting those youngsters who submit to the procedure as ‘Superheroes’.

Smiling cartoon characters, children in superhero outfits, surely designed to persuade children as young as five years old that they might join the ranks of superheroes if they will just line up and bare an arm to the needle.

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This brief soundbite from last week is somewhat of a precursor to the points raised by Neil Oliver this week.  The financial interests of the Big Rx corporations are directly tied to government.  This is the origin of the biggest issue behind government mandating the forced vaccination program for SARS-CoV-2 and any COVID-19 variant.

The adverse medical consequences from the COVID-19 vaccination program are only just now starting to surface while the government and Rx corporations continue to hide data showing adverse impacts.  At the same time as this massive conflict of interest and general health controversy is being debated, Pfizer CEO Albert Poula says he is “almost certain” that mandatory vaccine boosters will be part of the requirement by government each year.  WATCH (1 minute):

There is something very disturbing about these people.

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An incredible testimonial from Angeli Gomez as she describes running into the school in Uvalde Texas to rescue her two sons while the police did nothing.

This incredible young mom deserves praise for her ferocious protective instincts, and refusal to stand around while her children were at risk.  CBS News Correspondent Lilia Luciano spoke exclusively with Gomez about the moments she spent inside the school, and why Gomez says police warned her to stop telling her story.  WATCH:

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Last week we highlighted how the U.S. intelligence community public relations firm, The Washington Post, was getting out ahead of an election security report. {GO DEEP} There was a blitz of media reporting with transparent timing in advance of the Dept of Homeland Security (DHS), Cybersecurity and Infrastructure Security Agency (CISA), releasing their findings of Dominion voting systems.

Late Friday the DHS report and advisory was released [SEE HERE].  Within the advisory CISA admitted there are major vulnerabilities within the Dominion electronic voting system.  However, they also claim there is “no evidence that these vulnerabilities have been exploited in any elections,” and they base that on a very thin defense.

The DHS-CISA claim toward the security of the Dominion system is predicated on the assertion that in order to modify the voting results, the local election officials would have to be participating in the election manipulation, therefore the systems are safe.  Seriously, that’s the statement.

Think about what is already known about local election officials in Pennsylvania, Georgia, Arizona, Nevada, Michigan and Wisconsin.  All of the voting manipulation was done on a county and local level.  Maricopa County Arizona was a key focus point for these exact voting issues during their audit.  Now consider when DHS-CISA says:

Exploitation of these [Dominion Voting System] vulnerabilities would require:

• physical access to individual ImageCast X devices,

• access to the Election Management System (EMS), or

• the ability to modify files before they are uploaded to ImageCast X devices.

We can check each of these three points affirmatively against what is known about the voting manipulation.  Yes, local election officials had “physical access” to the devices. Yes, local election officials had “access to the EMS,” and yes, local election officials have “the ability to modify files.”

When you recognize the already alarming efforts of local election officials to manipulate the outcome, what the DHS-CISA advisory is factually stating is that the system has built in vulnerabilities that permit local election officials to modify the voting outcome on electronic machines.   This is exactly the claim that has been made by all of the election integrity groups who have been raising alarms.

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During press remarks yesterday, Joe Biden implied that Ukraine may need to cede territory in Eastern Ukraine to Russia as part of a “negotiated settlement.”

The statement came at the end of remarks centered around the May jobs report and Biden’s claim that U.S. consumers were in the best economic position of the past decade, therefore the government must begin increasing direct subsidies to offset energy costs and massive inflation pressure.  When Biden was asked, “does Ukraine have to cede territory to achieve some peace?” he stated:

[Transcript] – [F]rom the beginning, I’ve said and I’ve been — not everyone has agreed with me — nothing about Ukraine without Ukraine.  It’s their territory.  I’m not going to tell them what they should and shouldn’t do.

But it appears to me that, at some point along the line, there’s going to have to be a negotiated settlement here.  And what that entails, I don’t know.  I don’t think anybody knows at the time.

But in the meantime, we’re going to continue to put the — the Ukrainians in a position where they can defend themselves.  Thank you all so very much. (link)

It has been obvious from the outset that annexing Eastern Ukraine, the region containing a majority pro-Russia population, was always the intended objective of Russian aggression.  With Biden making this admission public, it raises the question then why did we agree to send $40 billion?

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With barely more than a third of the country supporting the installed occupant of the White House, Joe Biden took to the podium tonight to demand a litany of new gun restrictions.  Biden called for the banning of assault weapons and high-capacity magazines through reinstating the 1994 Federal Assault Weapons Ban, noting that if that can’t happen, the government should raise the legal age to purchase such weapons from 18 to 21.

Biden also called on congress to construct new federal background checks, which sounded a lot like a federal registration of gun ownership.  Also, he is demanding “red flag” laws that will allow schools, counsellors, doctors and others to flag an individual as a threat to themselves or others, thereby removing their right to gun ownership.   Biden also said he want’s congress to ban large capacity magazines limiting all firearms to five bullets.   WATCH:

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