Let it not be said that Mexican President Andres Manuel Lopez-Obrador (AMLO) does not understand what the Biden administration is attempting in the recent criticism and passive aggressive posturing toward Mexico.

Yesterday, AMLO was outlining a specific set of infrastructure initiatives that are ongoing.  Three new oil refineries together with new railroads and highways are under construction as the government continues positioning itself for energy independence. [Video Here]  However, it’s what he said after the energy remarks that’s really stunning.

The energy plan, which runs counter to the expressed demands of Canada and the United States, includes two regional ‘green’ refineries that will have the ability of turning used cooking oil into fuel.  However, the plan also includes new oil refinery capacity that will permit cheap gasoline independent of the need for Mexican oil to be refined in Texas and returned.

All of the refinery projects are on schedule to be completed by the end of this year and into 2024.  In essence, Mexico will have very cheap gasoline and diesel fuel in the near future.  This was previously outlined as a goal by AMLO in July 2022, and is against the interests the Biden administration.  Now those plans are becoming a reality.  Mexico is not joining the North American suicide mission of windmills, solar panels and reliance on unstable green energy.

Ever since the July 2022 Oval Office press conference at the White House, CTH has been saying to keep an eye on Mexico, because these energy plans align more with the BRICS nation agenda than the goals and objectives of the World Economic Forum (western nations).   It is not accidental the U.S. government, including our intelligence agencies and DHS, has been seeding a negative overall impression of Mexico ever since.

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Stunningly, the Polish Ambassador to France Jan Emeryk Rościszewski said yesterday: “Either Ukraine will defend its independence today, or we will be forced to enter into this conflict,” sending a clear message that NATO will enter the war against Russia if Ukraine loses ground.

Rościszewski essentially said the quiet part out loud, and that public statement immediately caused the NATO allies to recoil.  The EU NATO allies were not recoiling due to the substance of what he said, but rather because he said it publicly.  Keep in mind, Jan Emeryk Rościszewski has been Poland’s Ambassador to France for about a year, and before that he was the Chairman of the Board of PKO Bank Polski, Poland’s largest bank (WEF linkage).

The exact quote: “either Ukraine will defend its independence today, or we will have to enter this conflict. Because our main values, which were the basis of our civilization, and our culture will be threatened. Therefore, we will have no choice but to enter the conflict.”

The immediately triggered retreat by the EU IS HERE.  However, this statement happened on the same day Politico reported: “NATO is racing to arm its Russian borders. Can it find the weapons?”

[…] “Military leaders this spring will submit updated regional defense plans intended to help redefine how the alliance protects its 1 billion citizens. The numbers will be large, with officials floating the idea of up to 300,000 NATO forces needed to help make the new model work. That means lots of coordinating and cajoling. (link)

NATO wants to put 300,000 troops on Russia’s border, and yet they simultaneously pretend not to want an expanded war against Russia.

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U.S. government officials are not happy as China confirms Chairman Xi Jinping visit to Russia next week to meet with President Putin.

In the background of the Ukraine conflict, smiling Panda has been happy to see distracted western nations bleeding their resources and treasury in support of Ukraine.  Meanwhile, happy Panda negotiates and brokers increased relationships between Russia, Iran, Saudi Arabia, India and China.

There is no downside to Chairman Xi visiting Russia and advancing a position that ‘peaceful negotiations’ should begin between Russia and Ukraine, unless a resolution to the conflict is against the geopolitical usefulness of the war – which appears to be the unfortunate current status.

“The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine“…

Think about that.  Remember, Ukraine is to Washington DC as North Korea is to Beijing.

KYIV, Ukraine (AP) — Chinese President Xi Jinping plans to visit Moscow next week, offering a major diplomatic boost to Russian President Vladimir Putin on the same day the International Criminal Court announced it wants to put the Russian leader on trial for alleged war crimes.

Xi’s visit was the latest sign of Beijing’s emboldened diplomatic ambitions, and came amid sharpening East-West tensions over the war in Ukraine, now in its 13th month.  The U.S. on Friday said it would oppose any effort by China at the meeting to propose a ceasefire in Ukraine as the “ratification of Russian conquest.”

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The European Central Bank (ECB) raised interest rates again today, while simultaneously promising to support further bank bailouts that might come as an outcome of raising the rates again.   In the bigger picture there are two dynamics supported by the ECB playing out.

The first issue is the ideological effort to change the economic models based on climate change.  The Build Back Better (Green New Deal) policy, a traditional energy production control effort, is being supported by the ECB effort to shrink the EU economy to meet the rate of diminished energy production.  Make the economy smaller to meet the lower energy production rate.

Lowered energy production (oil, coal and natural gas) has raised energy prices; this is the fuel behind supply side inflation.  The Western (policy-created) energy inflation is hitting every aspect of the EU, US and western global economy.  The prices of all downstream goods and services have risen dramatically as a result.  The European banks are not going to stop trying to make the economy smaller just because banks are failing.  That brings us to the second issue.

Like the first issue with BBB controls, the World Economic Forum action plan for government also includes the creation of central bank digital currencies (CBDCs).  The collapsing of the traditional banking system supports the agenda to create CBDCs.  Raising interest rates puts more pressure on already weak banks.  This is a feature not a flaw of the intent.

Shifting the economy from traditional oil, coal and natural gas is one control aspect (climate change).  Shifting the banking system from traditional currency to central bank digital currencies is the second control aspect (total govt financial control).   The banking instability is the crisis that facilitates the CBDC solution.   Ergo, continue raising rates and continue making the crisis more useful.

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Before getting to the details of the Credit Suisse issue, it is worth taking a bigger geopolitical context to the dynamic.  The initial backstop sought by Credit Suisse was from the Saudi National Bank; however, SNB Chairman Ammar Abdul Wahed Al Khudairy refused more lending {LINK}.

This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers.  This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime.  Ultimately, supporting Russia’s battle against NATO encroachments.

Russia, Saudi Arabia and China are geopolitically aligned in interest against the western financial system.  As a consequence, when western banks find themselves in need of capital and cash, there is a layered geopolitical dynamic in the background to Saudi refusal that must be considered.

With multiple western banks now in trouble, Credit Suisse is also exposed, and, like U.S. Treasury/Fed intervention in America, the Swiss central bank has stepped in to backstop the looming collapse.

In the big picture, we are seeing the ramifications of the ‘Build Back Better‘ agenda impacting the banking and finance sector which spearheaded it.  I am not seeing this discussed anywhere, as the western governments of the collapsing banks are being forced to intervene.

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Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable.  Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.

Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.

February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%.  Meaning prices (on aggregate) are 6% higher than this exact same time last year.

Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.

Workers are going backwards.

The very real impact on the working class is getting worse.  The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy.  The divide between the ‘haves’ and the ‘have-nots’ is getting wider.

Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome.  I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.

The biggest BS statement of the day goes to CNBC with this sentence:

“Inflation began rising in early 2021 due to a supply-and-demand imbalance. Now, it’s largely fueled by strong demand for labor, economists said.”  (link)

I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending.  When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.

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Federal Reserve Chairman Jerome Powell delivers testimony today before the Senate Banking and Finance Committee.  During his statements Powell says, “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.” Powell continued, “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.“… “We will continue to make our decisions meeting by meeting.” …  “Although inflation has been moderating in recent months, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.”

Everything about the testimony to the Senate, and almost everything within the questioning as presented, ignores the key and central component that inflation is being driven by energy policy.   The scale of the pretending around this issue is jaw dropping.

Western governments, including the U.S. through Joe Biden, have limited and curtailed the production and exploitation of Oil, Coal and Natural Gas.  At the core of the inflation within those same governments, this is the issue at hand.  Energy prices have skyrocketed, driving the cost of everything through the roof.  The central banks are raising interest rates in an attempt to shrink the economy to match the drop in energy production.   This is their monetary policy (interest rates) attempting to support economic policy (Green New Deal / Build Back Better).

There are no lines for consumers in the U.S and Europe of people buying durable goods, electronics or shopping for non-essential items.  Prices on the products within the durable goods economy are not being driven by excess consumer demand.  There are not 25% more people buying lemons and milk than this time last year.  The prices for goods in general, and for essential goods specifically, have risen as an outcome of the input costs around energy skyrocketing.

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On July 31, 2022, According to Manchin a deal between himself, Chuck Schumer, Nancy Pelosi and Joe Biden included his support for the green energy spending bill, in exchange for two new items in future legislation: 1) Streamlined energy permitting/regulation; and 2) Increased development of Oil, Coal, Gas.  After getting his vote, Biden, Pelosi and Schumer reneged on the deal.

Today Senator Manchin inferred he wants that promise fulfilled in order to gain his support for a debt ceiling increase and a budget package. [Transcript Below]  Manchin also hedged on his own political aspirations for 2024, saying he will make a decision at the end of this year.   WATCH:

[Transcript] – SENATOR JOE MANCHIN: Good morning, Brennan. Thank — Margaret, thanks for having me.

MARGARET BRENNAN: I want to start on that derailment.

SENATOR JOE MANCHIN: Yes.

MARGARET BRENNAN: The president last week praised bipartisan railway safety legislation that would have new rules for trains carrying hazardous materials, increased fines for safety violations, phase in newer cars.

Will you vote for it? Is that sufficient?

SENATOR JOE MANCHIN: Yes, I’m going to be supporting that. We need to do it.

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It’s not just the United Kingdom, but as we await the latest figures from monthly U.S. data, the statistics from the U.K. are hitting the newswires.  According to Reuters, food inflation in the U.K. is currently 17.1%  The primary driver of the skyrocketing food costs is the energy cost associated with the fast turnover categories.

With prices increasing 17.1% yet net sales only increasing 8.1%, there is a substantial impact in unit food sales.  British customers are buying much less to offset the fact they are paying much more.   This trend is not just in the U.K. we have seen the same trend in U.S. data as families are being squeezed at the grocery store.

The prices on name branded products like Kraft and Heinz are leading the escalating food prices. Just last week I noticed 6oz Kraft Philadelphia cream cheese was $6.99, and a 24 oz. bottle of Heinz ketchup at over $8.  Dairy products are leading the way with the most rapid increases in price.  It appears that we are entering the fourth wave of food inflation currently.

LONDON, Feb 28 (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday.

Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine. It said UK households now face an additional 811 pounds ($978) on their annual shopping bills if they don’t change their behaviour to cut costs.

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Everything about the progressive worldview of control is connected; the trick is to identify the priority that forms the motive of the connection.  In the example of U.S. involvement in assisting the control efforts of Nigerian progressives, the priority is energy and the climate change agenda.

Georgia’s twice-failed leftist gubernatorial candidate, Stacy Abrams, joins the globalist cause in seeking to “assist election efforts” in Africa’s oil rich nation of Nigeria.

If you have followed the geopolitical bouncing ball, you will likely have context for the priorities of western political leadership as it pertains to controlling African democracies.

[A cliff notes summary HERE]

The larger picture is the World Economic Forum and the Western Leadership alignment to control energy development in the African continent.  In addition to vast mineral deposits, there are oil and natural gas interests.

You might remember last year when the G7 were debating geopolitical policy. Some in the EU and western alliance said let the brown people die, climate is more important. Others were saying, if they allow mass starvation just to retain the WEF climate ideology, they may lose influence in the world.

The debate was raging, as noted by Reuters: “the European Union is divided on how to help poorer nations fight a growing food crisis and address shortages of fertilizers caused by the war in Ukraine, with some fearing a plan to invest in plants in Africa would clash with EU green goals.”  As the argument unfolded, “the EU Commission explicitly opposed” any effort to enhance African fertilizer development, “warning that supporting fertilizer production in developing nations would be inconsistent with the EU energy and environment policies.” {link}

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