Western financial experts have a self-interest to never explain this issue. Instead, they frame the issue as BRICS seeking an alternate currency in the energy markets. However, the currency or petrodollar is not the issue. At least it’s not the core issue.

What Vladimir Putin, and by extension BRICS, do not want is corporatism -corporate financial control over govt systems- determining prices.

To give you an example of Vladimir Putin’s argument, consider orange juice.

Why should orange juice in California or Florida cost $7/gal, when the oranges are in CA or FL?

Shouldn’t the orange juice in FL or CA be cheaper than in, say, Minnesota? Logic would say, yes.

However, that would mean the corporations who have purchased the OJ production couldn’t maximize predatory profiting, through nonmarket forces, ie. “Commodity trading.”

The same organic supply/demand rule applies to strawberries, or [fill in the blank].

What is setting the price, what the west calls the “market price,” is actually the commodity trading issue. That means Minnesota, Florida and California consumers all pay the same price.  Within the energy sector Putin views this as unfair and unworkable.

To his credit, under normal supply/demand Putin would be selling oil/gas to Europe at much lower prices than “market prices” because the pipelines are in place, the proximity is near and the delivery is cheap.

However, for Europe that means the financial markets would not control energy prices. Europe wants financial control, not cheap energy.

The need for control is a reaction to fear. The financial system, the bankers and the multinational corporations, fears their loss of control.

So, war!

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Sometimes Russian Federation President Vladimir Putin just nails the issue in a way that is difficult for western voices to deconstruct. This is one of those examples.

Using the reference of the EU recently raising interest rates in an effort to lower energy costs, a seemingly disconnected approach that attaches energy policy to monetary policy, Vladimir Putin outlines exactly why the EU Central Bank approach is used.  This is a really important dynamic to understand.

For a long time, Russia battled with the EU over the pricing process for oil and gas.  Russia, specifically Putin, wanted to sell oil/gas to the EU based on production prices and fair profits.

Europe wanted to buy Russian oil/gas based on “market prices” which are manipulated by speculation and traders.

Putin doesn’t like this pricing approach because it artificially inflates the price based on speculation, trading and inorganic influences.

Instead, Putin always said the “market approach” makes your energy prices go up, even when production capacitary prices go down (productivity).

Producers can provide increases in energy volume at lower per unit levels just by turning a dial on gas volume.  Why would Europe want to pay more, when the cost to deliver a higher volume lowers the per unit price.  The EU never had a good answer, other than that’s just the way the ‘western market’ works.

Concluding the first day of his working visit to India for the BRICS meeting, Vladimir Putin answered a media question about the EU and used this reference to outline why the financial system of the EU is actually the underlying reason for their need to have conflict with Russia.  This is really interesting.

Question: You have spoken at length today about the BRICS countries. I would like to raise a question concerning a nation which, though geographically more distant from here, is perhaps closer to you personally – Germany. As is known, elections have recently taken place in Saxony, where the Alternative for Germany secured a decisive victory. It appears a similar trend is emerging in Mecklenburg-Western Pomerania as well. How do you view these developments?

President of Russia Vladimir Putin: I do not wish to, nor will I, comment on matters of the internal political developments currently unfolding in the Federal Republic.

However, there are points which merit attention in this context – and I will explain why. In my view, all that is now happening across Europe as a whole is the consequence of systemic errors committed by the so‑called West, or, to be more precise, by the globalist circles of the West, in the political, security and economic spheres.

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President Trump stopped to answer media pool remarks as he departs Shannon, Ireland returning to Washington DC.

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On one hand you have Canadian Prime Minister seeking to attain “associate member” status in the European Union {SOURCE}.  On the other hand, you have U.S. President Trump speaking about a “united Ireland.” {SOURCE} At first blush the stories seem disconnected, until you think about them.

Canada is a commonwealth country of the United Kingdom (UK) and seeking to achieve ‘associate membership’ status within the European Union is Carney’s way to counter the geopolitical reset currently underway by President Trump.  A reset that diminishes the influence of Great Britian’s, ie. London’s. historic economic influences.  One way to hit back against the scheme would be to leverage populist sentiment to take down London and Ottawa simultaneously.  That approach would support the breakup of the U.K commonwealth governing structure.  There’s the connection.

As we review the media reports, keep the U.S-Russia “strategic relationship” approach in mind.

CANADA – Canadian officials are negotiating with the European Union for closer ties with the economic bloc in response to the breakdown of trade negotiations with the United States earlier this summer, the Wall Street Journal reported on Saturday—including potentially becoming an “associate member” of the union.

Although the EU is historically not known for allowing flexible membership arrangements with individual countries, European officials are reportedly open to Canada joining as an “associate member,” anonymous officials from both Canada and the EU told the Journal.

This could mark the largest reorientation of the Canadian economy in decades—the U.S. has long been Canada’s largest trading partner, with about  going across the southern border in 2025.

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Here’s the fact bomb that silences Canadians almost immediately when delivered.

In December 2024 then Prime Minister Justin Trudeau, told President-elect Donald Trump that Canada could not comply with a renewed trade agreement based on reciprocity because: (1) Canada had deindustrialized; their manufacturing was now “light” manufacturing and assembling of component goods made by others. (2) Canada had legislated energy policy based on climate change, and high carbon emitting industrial production was no longer an option [coking coal burning etc.]. (3) The NATO military spending goal was too high for Canada to reach [they were 19th and it wasn’t a priority because the USA was the crutch]. (4) Internal provincial rules, restrictions and cross-border trade regulations did not align with a Canadian federal trade policy effort, and (5) the political power of the ‘dairy cartel’ inside Canada tied the hands of Canadian trade representatives.

That was the gist of it. That’s why Canada cannot now or ever find a path to a U.S. reciprocal or balanced trade agreement.  #1 and #2 is specifically why Canadian govt officials repeatedly use the word “intertwined.”  They say intertwined because they can no longer function separately. Canada is economically dependent on proximal and economic subsidies from the United States.

That outline by Trudeau led Trump to say that Canada should then become a 51st state….. And, well, you know the rest. Someone in Canada should ask Trudeau about it. The former Prime Minister has no reason to deny it, and too many people were witness. Then, perhaps, Canadians will understand.

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The missing aspect in all USMCA/CUSMA trade discussions is the simple fact that President Trump and U.S. Trade Ambassador Jamieson Greer would prefer bilateral trade agreements.  The reason is simple and is highlighted in all the problems with the three-party USMCA.

Two countries can negotiate based on their individual interests; multiple country assemblies get complicated.  Canadian Prime Minister Mark Carney and his “middle power” strategy of multiple interests assembling to create larger influence simply doesn’t work in trade discussion.  That’s the bottom line.

Reuters is reporting the obvious.  Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections in less than eight weeks, according to six sources in both countries familiar with the talks, an effort made more urgent by the collapse of Canadian negotiations with Washington. Both USTR Jamieson Greer and President Trump have previously said the deal with Mexico would likely come first.

Mexico has played this very well.  Mexican President Claudia Sheinbaum has not participated in any antagonisms toward the U.S. position; they are simply negotiating for their best outcome.  The Mexican government officials don’t try to hide their U.S. dependency under the misguided premise of patriotism.  They understand the nature of the relationship.

If President Sheinbaum wants to keep a strong economy, she needs the USA.  Both leaders want a trade agreement; it’s business beyond politics.  Canada on the other hand is playing pure politics and trying to carve out a deal for themselves the rest of the world doesn’t have.  Canada wants to be excluded from the baseline tariffs applied to everyone, that’s not going to happen.

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Promethean Action’s Barbara Boyd presents her review of the election outcome in Germany, the alignment of Canada with the EU and the Ukraine negotiations headed by Steve Witkoff and Jared Kushner.

“A Saxony-Anhalt provincial election saw Germany’s nationalist AfD win 43.8% to the next party’s 17.2%, prompting alarm in the British press and among EU-linked elites because the AfD campaign pledged to end open borders and halt German funding for the Ukraine war. The script argues the surge reflects a broader European revolt driven largely by economics: China’s industrial strategy and competition are squeezing Germany’s Mittelstand, with the Wall Street Journal cited on job losses and a shift toward importing more advanced machinery from China, while green policies, nuclear shutdowns, and the ban on cheap Russian energy have pushed prices 40–50% higher and cut energy-intensive production by 15%.

It links Germany’s downturn to EU war-mobilization plans, casts doubt on Mark Carney’s planned EU-Canada alignment, and contrasts that with Trump-era peace efforts, including a Trump-Putin call, corruption probes in Ukraine, and U.S. officials downplaying inflation impacts from Canada’s tariffs.”

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The European Central Bank raised interest rates a quarter of a percent claiming the effort will reduce energy prices.  However, the primary cause of higher energy costs is energy policy not monetary policy.

As you can see, Europe is blaming the Iran conflict, and by extension blaming President Trump for inflicting higher oil and gas prices.  Yet in reality, it was the European decision to cut themselves off of Russian oil and gas that led to their massive price increases.

In essence, if you ask yourself how far the EU collective is willing to go in order to combat the fictitious threat represented by Russia’s conflict with non-EU state Ukraine, it appears there is no upper limit.  Rather than assist in a resolution of the Ukraine-Russia conflict, they are willing to keep fueling the war and diminishing their own economy in the process.

From the perspective of the welfare of the average European, none of this makes sense.  This is bureaucratic ideology running amok.

FRANKFURT, Germany (AP) — The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs.

The central bank for the 21 EU member countries that use the euro currency raised its benchmark rate by a quarter percentage point to 2.50% at a meeting held in Berlin, away from the bank’s Frankfurt headquarters.

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Prime Minister Mark Carney really is a globalist piece of work.  As Ukraine Prime Minister Volodymr Zelenskyy arrives in Alberta, Canada, to coordinate with the latest European leader Mark Carney, the remarks said in this brief greeting and introduction video are stunning in a geopolitical context.

It is obvious that Prime Minister Carney is trying to position himself as a decisionmaker in the outcome of the Russia-Ukraine conflict by pushing Zelenskyy even deeper into intransigent positions that will only lead to greater conflict.

Carney positions Canada squarely on the side of Ukraine and in violent opposition to Russia.  Not coincidentally, this is the exact opposite ¹position of the United States, and that is a feature not a flaw.

Carney really does view himself as European first and foremost.  He even remarks that Canada in general, and he as the Prime Minister specifically, will ensure that Ukraine advances to become a European member state.  How, exactly, does he as a North American leader expect to make this happen?

Worse still, Prime Minister Carney injects himself into the Ukraine-Russia negotiations by stating his intention to ensure that Ukraine becomes a member of NATO.  Ukraine not becoming a NATO member state is a hardline for Russia, and that aspect is deeply enmeshed in the ongoing negotiations between the U.S. led discussions with Russia and Ukraine.

Carney is putting his nation and himself into direct conflict with President Trump and the goals/objectives of peace.

No one outside of Canada gives a tinkers’ damn about Canada giving more money to Ukraine; however, when Carney directly aligns his military with Ukraine and pledges to support Zelenskyy with military hardware, NORAD defense missiles, things change.  Do the Canadian people really want to get pulled into this quagmire as an outcome of Mark Carney’s grand aspirations to become a protectorate of the European Union?

Carney is playing a very dangerous game, and I hope the Canadian people can see just how far over his skis he is putting them.

Watch these remarks carefully and contemplate just how much Carney is positioning Canada to be a direct enemy of the United States. This will not end well.  SEE BELOW:

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This is one spectacular impromptu presser by Secretary of State Marco Rubio following discussions with Ecuador’s President Daniel Noboa at Carondelet Palace.  All of it is direct, deliberate, targeted and without any reserved remarks held back due to regional sensibilities.

Secretary Rubio emphatically outlined how the United States is going to work with Latin-America officials to remove narco-terrorism in all its forms from the region like “cutting out a cancer.”  Rubio walks through the issues and the importance of direct confrontation, including the use of the U.S. military, the U.S. intelligence agencies and every element of power at our disposal to help leaders like President Daniel Noboa fight the corrupt gangs and domestic terrorist networks within the region.  Rubio’s strength of statements is exceptional.

These remarks come on the heels of the State Dept today designating corrupt Ecuadorian officials as facilitators of Foreign Terrorist Organizations [SEE HERE]. He also praised the government of Ecuadorian President Daniel Noboa as being “the most involved and aggressive partner” the US has had in its work dismantling criminal networks and “bringing people to justice that have never been brought to justice before”.  Rubio outlined all of it, soup to nuts. This is a must watch presser:

STATE DEPT – […] Pablo Ramírez Erazo, former director of Ecuador’s Prison Authority; Wilman Terán Carillo, former judge on Ecuador’s National Court of Justice; and Ronaldo Xavier Guerrero Cruz, former criminal judge on Ecuador’s Judicial Council, each significantly abused their former government positions by accepting bribes from gangs linked to narco-terrorist organizations.  In exchange for bribes, these officials interfered with judicial, electoral, or public processes on behalf of Ecuadorian gangs linked to designated FTOs Cartel Jalisco Nueva Generación (CJNG), Los Choneros, and Los Lobos.  

Pablo Bolívar Muentes Alarcón, former member of the Ecuadorian National Assembly; María Fabiola Gallardo Ramia, former President of the Guayas Provincial Court; Johann Marfetán Medina, former criminal judge of the Guayas Provincial Court; and Mayra Carolina Salazar Merchán, former public relations officer of the Guayas Provincial Court, each abused their former public positions by accepting bribes in exchange for interfering with judicial processes to benefit narco-terrorist organizations like Los Choneros and the Sinaloa Cartel, and their criminal facilitators. (SOURCE)

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