Quantcast

Treasury Dept Makes Rule Determination Undermining Premise of EV Tax Credits Within Inflation Reduction Act

We accept the named legislation “Inflation Reduction Act” (IRA) is a legislative misnomer intended to obfuscate the true construct of the bill.  The IRA was factually the ‘green new deal’ program packaged under the guise of an ‘inflation reduction’ premise.  However, in order to discuss the outcome of the content we have to play the game of pretending around the purpose of the legislation.

Within the IRA there was a $7,500 tax credit for American made Electric Vehicles.  The intent of the legislation was to provide incentives for U.S. consumers to purchase ‘sustainable’ and environmentally friendly electric cars, trucks, SUV’s etc made in America.

The Congressional Budget Office (CBO) scored the bill with this legislative intent in mind.   However, the Treasury Department is now taking apart the granular details of the legislation in order to qualify foreign made vehicles for the $7,500 credit. The rules interpretation from the Treasury Dept essentially negates the CBO score, and the outcome is going to be much more expensive than initially stated.

Because the $7,500 comes in the form of a tax credit, the IRS (Treasury) is the institution making the determinations for qualification.  Treasury is changing the qualifications to permit basically any EV to qualify, by parsing a difference between a leased vehicle and a purchased vehicle.  Additionally, Treasury is changing the battery sourcing aspect by qualifying essentially any trade agreement as a Free Trade Agreement (FTA), saying the term Free Trade Agreement was undefined in the legislation.

As an outcome & simply cutting to the chase, EV batteries from just about anywhere, inside EV vehicles from basically anywhere, that are purchased as leases from just about any auto manufacturer, will qualify for the $7,500 credit. It’s all a shell game, with the Biden administration determining where the pea is located.

Dec 29 (Reuters) – The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.

(more…)

Watch Closely – Mexico Releases Agenda for North American Leadership Summit, January 10th Mexico City

In the background of international geopolitics and all things economically attached, the larger climate change agenda, the Build Back Better program, has been unfolding.

Energy driven inflation has destabilized most western economies as the various governments (politicians) and central banks (bureaucrats) work together on behalf of the corporations (World Economic Forum). All of these interests can only advance if they work together. If any individual nation breaks from the group energy agenda, their economy will thrive beyond the limits created by the BBB operation and the association of western nations.

It is with this context at the forefront where we have said to watch Mexico closely. In North America, Mexico has the least to gain from economics behind the climate change agenda. Conversely, if Mexico were to go rogue, they would gain the most. This dynamic puts Mexico in a more powerful position than most realize.

During a July 2022, meeting at the White House, Mexican President Andres Manuel Lopez-Obrador (AMLO) appeared to indicate -for the first time- his understanding of his new position as the ‘Green New Deal’ (climate change) energy agenda was being deployed by the U.S. and Canada. AMLO read from a prepared script in the oval office during a public bilateral meeting with Joe Biden. AMLO’s remarks were quite remarkable in their independence.

“In our country, we shall continue producing oil throughout the energy transition.  With the U.S. investors, we are going to be establishing gas-liquefying plants, fertilizer plants, AMLO said, striking a chord that is not in alignment with Joe Biden and Justin Trudeau.  AMLO continued, “and we’re going to accomplish this with the support of thermal electric plants and also through transmission lines to produce energy in the domestic market, as well as for exports, to neighboring states in the American union, as for instance, Texas, New Mexico, Arizona, and California.” It’s not just what he said, it’s how AMLO said it.

Keep in mind, the month before that July visit to the White House, AMLO boycotted Joe Biden’s Latin-America Summit. AMLO joined the leaders of Bolivia, Guatemala, Honduras and the tiny Caribbean state of St. Vincent in refusing to attend the Biden summit because Cuba, Venezuela and Nicaragua were blocked from attending by the Biden administration.

(more…)

Very Interesting Joe Rogan Interview on Cobalt Mineral Mining in Congo with Siddharth Kara

Cobalt is a mined mineral needed for all rechargeable batteries including phones, pads, laptops and Electric Vehicles (EV’s). According to Siddharth Kara, an author and expert on modern-day slavery, human trafficking and child labor, approximately 72% of all the cobalt mined globally comes from the Congo.

Within his new book “Cobalt Red: How the Blood of the Congo Powers Our Lives,” Kara outlines how slave labor and child labor work these cobalt mines. Kara appeared on the Joe Rogan podcast {Direct Rumble Link to segment} to discuss his research and findings after visiting these Congolese mines.  Contrasting the “Green Movement” claims that their efforts are to “save the planet” by switching everyone to EV’s, the issues Kara outlines are remarkable.  WATCH:

(more…)

Christmas Eve Cold Weather Brings Rolling Electricity Blackouts Along East Coast

If you visit a local library, you may discover there was a time when the focus of electricity companies was to generate and provide the most dependable, efficient, lowest cost and critical power to customers who need electricity to live.   Alas, those were in the olden days, when service providers were generally focused on improving the quality of life of their customers.

In the modern era, the horrible carbon emitters, aka customers, have become the parasite to manage.  People are now a problematic encumbrance blocking the high-minded climate and financial aspirations of the energy corporations.

Heating, cooling and comfort?  Get a grip Boomers and GenXer’s, those insufferably selfish indulgences were the priorities of yesteryear.

Yes Alice, as we try to peer through the looking glass, we discover it’s a mirror now.  The reflection is the opposite of normal, the reflection is the world of pretending.  Say hello to the modern Christmastime when you pray for coal in your stocking.

From Pennsylvania and New Jersey, westward to Illinois and Ohio and all the way south into South Carolina, Tennessee, Georgia and beyond, power companies are turning off the electricity to preserve and equally distribute the minimal amount of energy they are able to generate.

This my friends, is the “equitable distribution of misery.”  How weird does it feel to see that generational prediction turning into reality?

TENNESSEE – […] The TVA began instructing local power companies to reduce power usage on Friday night, and some have instituted rolling blackouts in some cities such as Nashville, Tennessee. Some local power companies have also started using rolling blackouts after the TVA asked them to reduce power usage.

(more…)

Egg Prices Surge to Record Levels as Christmas Grocery Prices Hit Consumers

The price for a dozen eggs continues climbing as explanations turn toward blaming bird flu.  However, the avian influenza may explain a recent spike, but the longer duration of escalating food price commodities is much deeper than momentary fluctuations.  These are energy dependent products.

As CTH noted last year, watch egg prices as a general gauge for overall food inflation (eggs hit almost every process in the supply chain), and watch potato availability to gauge overall row crop stability (staple commodity on every plate, venue).

Additionally, as previously noted, as energy prices continue rising pay attention to the prices on ‘organic’ products.  Rising energy prices drive up costs for large commercially processed food supplies at a much higher rate than smaller organic production.  People are starting to notice the ‘organic’ option is almost at price parity.

Wall Street Journal – […] Wholesale prices of Midwest large eggs hit a record $5.36 a dozen in December, according to the research firm Urner Barry. Retail egg prices have increased more than any other supermarket item so far this year, climbing more than 30% from January to early December compared with the same period a year earlier, and outpacing overall food and beverage prices, according to the data firm Information Resources Inc.

For supermarkets, eggs are a staple product that most consumers pick up on trips to the grocery store, similar to milk and butter. To maintain store traffic, grocers said they have been sacrificing some profits on eggs to keep prices for consumers competitive. Some suppliers are projecting potential relief in price by February or March, but cold weather could hamper production in the near term, executives said.

(more…)

Biden Will Pay African Union Additional $2.5 Billion to Stop Africa from Developing Domestic Farm Fertilizer

The G7 leaders have been debating the problem of African farming for quite a while. The issue surrounds the conflicts between the G7 climate change agenda and the need for Africa to develop fertilizer production to enhance their farming and crop yields.

As noted in a Reuters article from June, “the European Union is divided on how to help poorer nations fight a growing food crisis and address shortages of fertilisers 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.”  

The energy development corporations, the source industry needed to create the components for nitrogen-based fertilizer, have been waiting to invest in African energy production pending the approval of western government decisions.  Addressing the issue today, Joe Biden told the African Union the United States would send an emergency $2.5 billion in food crisis aid to offset the inability of Africa to feed itself.

In essence, instead of Western government policy supporting energy production in Africa that would lead to a greater farm yield, and by extension a greater level of food independence, the Biden administration would rather restrict energy/food development in Africa and send them food subsidies; because, climate change.

(White House) – […]  President Biden announced an additional $2.5 billion in emergency aid and medium to long-term food security assistance for resilient African food systems and supply markets, which builds upon over $11 billion in U.S. humanitarian and food security assistance for this year alone.  President Biden also launched a new strategic partnership on food security between the United States and the African Union.  

(more…)

Watch Closely – U.S. Intel Begins Positioning Mexican President AMLO as Enemy of North America

It’s subtle like a brick through a window when you have the bigger picture in mind.

Joe Biden and Canada’s Justin Trudeau are in ideological alignment, willing to destroy the entire North American economy as they construct the new climate change energy systems for the U.S and Canada.  However, Mexican President Andres Manuel Lopez-Obrador (AMLO) has already indicated -including direct statements to Joe Biden at the White House– that he is not willing to put the Mexican economy into collapse and try to engineer an economic future on solar panels and windmills.

That puts Mexican President AMLO in the crosshairs of a unified climate change agenda as outlined by the World Economic Forum and western leadership under the guise of the Build Back Better agenda.  In essence, AMLO goes from socialist hero of the unionized left to becoming a target.  CTH has been saying we need to watch carefully how this plays out because a great deal of the western economic agenda hangs in the balance.

Now that AMLO has taken a pragmatic position on energy development {Go Deep} his lack of alignment means the apparatus of the United States government, the proverbial Eye of Sauron, will target him.  Not coincidentally, the public relations firm for the deepest part of the interventionist intelligence apparatus, the Washington Post, now outlines AMLO as the specific person responsible for the explosion in fentanyl use.

(Washington Post) – […] A new Mexican leader rejected the $3 billion anti-narcotics agreement that had spanned three U.S. presidencies, known as the Mérida Initiative. Andrés Manuel López Obrador, a veteran leftist who took office in December 2018, argued that the drug war strategy had sent homicides spiraling in Mexico while failing to curb U.S. demand.

(more…)

Maker of Electric Jeep Vehicles Closing Illinois Plant and Moving to Mexico

Stellantis is a multinational automaker contracted for the electric version of the Jeep Cherokee.  Citing high costs to produce electric vehicles, on Friday Stellantis announced a decision to idle the Belvedere, Illinois plant starting on Feb. 28, 2023, and notified 1,350 workers of the layoffs.

(Via Fox) […] “This difficult but necessary action will result in indefinite layoffs, which are expected to exceed six months and may constitute a job loss under the Worker Adjustment and Retraining Notification (WARN) Act. As a result, WARN notices have been issued to both hourly and salaried employees,” it said. “The company will make every effort to place indefinitely laid off employees in open full-time positions as they become available.”

Today The Daily Mail is reporting that production of the electric Jeep will take place in Mexico.

Hundreds of workers are expected to be laid off when automaker Stellantis closes an assembly plant in northern Illinois early next year, citing the challenge of rising costs of electric vehicle production.

The company, which employs about 1,350 workers at the plant in Belvidere, Illinois, said the action will result in indefinite layoffs and it may not resume operations as it considers other options. 

(more…)

Neil Oliver, It’s Remarkable How Many New Ways the Elite Have Concocted for Us to Die, Justified by Climate Change…

For his weekly monologue today, U.K pundit Neil Oliver looks at the climate change agenda, energy policy, and the constructs of how the new green agenda manifest to create new ways for people to die.

We aren’t allowed the energy available from a century of gas beneath our feet here in Britain – because it’s not Green. But we’re paying top dollar for nine billion cubic litres – twice as much as last year’s order – of gas fracked out of the ground in the US. WATCH:

[Transcript] -Winter arrived last week – and with it a dose of reality. All that talk about wrapping up warm in the house, putting on an extra jumper, hot water bottles, full-size onesies – it’s dangerous nonsense. It might be fine for a while if you’re a healthy adult – but it’s a tragedy in slow motion for babies, young children, the elderly, the sick.

And it’s only the second week in December. It’s a long time until Spring.

Even if layering up and donning a hat were enough to keep a body going, once cold properly gets a grip of a house, it too starts to die in its own way.

The creep of dampness that takes its own toll on house and health alike. Frozen pipes – followed by burst pipes – and not enough plumbers to go round. People who can’t afford to heat their homes are likely struggling with spiking food bills as well.

(more…)

Serial Luggage Thief – Vegas Issues Arrest Warrant for Non-Binary Nuclear Waste Official for Stealing Woman’s Clothes

Apparently, Dept of Energy Nuclear Waste official Sam Brinton is facing grand larceny charges from Las Vegas in connection to another luggage theft incident.

Following a previous case in Missouri, it appears non-binary Ms/Mr. Brinton is a serial thief of women’s garments from airports.

(New York Post) – The rainbow atomic symbol T-shirt should have been a clue.

Sam Brinton, the allegedly sticky-fingered Biden administration nuclear official, was captured on security footage making off with a woman’s bag worth more than $3,670 from a Las Vegas airport on July 6, KLAS News reported.

A surveillance snap from Harry Reid International Airport shows a stern-faced Brinton wearing the white T-shirt with the colorful symbol, a black backpack, and black jeans, rolling the suitcase in question through the airport.

The distinctive tee — which Brinton sported in a selfie posted to Instagram that same day — led the Las Vegas Metropolitan Police Department to issue a warrant for Brinton’s arrest on grand larceny charges, according to a detective’s declaration.

(more…)