There comes a time when ideology runs headfirst into the monolith of unwavering reality. Today, during a press briefing as a part of the IMF World Bank Meetings [TRANSCRIPT HERE], Treasury Secretary Janet Yellen was forced to admit the sanctions against Russia have hurt the EU more than Vladimir Putin and the Russian economy.
Secretary Yellen was asked about the need for increased western government bans against Russian exports.
Yellen was faced with the discomfort of admitting the global market is still open to receiving Russian products, specifically oil and gas, and that banning the EU from receiving those products only drives the EU prices higher, which has already led to unsustainable inflation.
Key Segment:
…”Europe clearly needs to reduce its dependence on Russia with respect to energy. But we need to be careful when we think about a complete European ban on say oil imports. We want to harm Russia – that would clearly raise global oil prices would have a damaging impact on Europe and other parts of the world. And counterintuitively it could actually have very little negative impact on Russia because although Russia might export less, its price for its exports would go up.”
The EU is already experiencing massive energy price increases. Yesterday, Germany announced manufacturing price increases of more than 30% following increased energy costs exceeding 80%. The current western government sanctions against Russia are hitting the EU economy harder than they are hurting Russia as alternative customers (India, China) for Russian energy exports are still purchasing.
In essence, the EU has partly removed themselves as a customer, but the seller, Russia, is still selling; only now they are getting higher prices because the EU and U.S. are disrupting oil and energy production in an effort to chase their climate change goals.

As a consequence, the Biden political CDC has announced they need the Biden political DOJ to try and get the federal mask mandate put back into place.
Former Obama era intelligence officials, those who helped construct, organize and assemble the public-private partnership between intelligence data networks and supported social media companies, have written a letter to congress warning that any effort to break up Big Tech (Twitter, Facebook, Instagram, Google, Microsoft, etc.) would be catastrophic for the national security system they have created.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
In the last several days the Russian military have been posting on their ground reports, about the capture of many millions in U.S. weapons as the Russian army moves more forcefully and methodically to secure the Eastern Ukraine Donbas region.
Trying to split the baby, Biden’s DOJ announces [
The far-left is on its heels after a Tampa judge overturned the CDC’s legal framework for the mask mandate rule, and the TSA changed their guidance. Most of the Biden support base, the Covidians, define themselves through the virtue signaling of wearing a mask. However, all of the airlines quickly abandoned rules for masks during travel, and the overwhelming majority of Americans cheered.