It is important to remember the ultimate goal of the ‘climate change’ promotors (World Economic Forum) is not an energy system that changes the global climate. The goal of the ‘climate change’ group is to create a carbon trading system; a new financial mechanism (a global tax program) to control human activity on a world-wide basis.  This system also needs a digital identity in order to work {hint-hint}.

You cannot tax or trade things you cannot track.  As a result, there was always going to be a need for an individual tracking and monitoring system that would connect to the global digital identity and determine the carbon footprint.  The carbon taxing and trading system will be more financially lucrative than any stock exchange or monetary banking system.  It is the ultimate human control mechanism, and the preferred way to redistribute wealth under the guise of global equity.

Of course, the system will beta test as a consumer demand product until the government steps in to take over the allocation and distribution equity part.  In this video segment, Alibaba Group president J. Michael Evans boasts at the 2022 World Economic Forum about the development of an “individual carbon footprint tracker” to monitor what you buy, what you eat, and where/how you travel.  WATCH:

The individual carbon tracker is the baseline for a global carbon trading system that involves everyone; at least, everyone connected to the outlook of western government.

Carbon allocation creates the financial metric that replaces currency.  You buy and sell carbon credits allowing you to engage in specific functions within society, like dining, traveling, home ownership and type, vehicle or transportation type, even the clothes you can purchase. Hence, “carbon trading” is the term most people are familiar with.

In essence, you are a parasite to earth; therefore, you must offset your derogatory footprint on the planet by paying a fee to exist.  If you cannot pay for the carbon credits needed to engage in the transaction (travel, home ownership, cooling, heating, etc.) you cannot engage in the regulated activity.

The carbon exchange process is at the end of the slippery slope created by a digital identity.  The 5G telecommunications network is designed to use geolocation and behavioral tracking that will connect your digital identity to your individual behavior and facilitate the carbon footprint tracing process.   We are already passed the “if” stage.

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The preparations and proactive moves to establish the global cleaving are being carried out by Wall Street globalists, the World Economic Forum and the various western politicians who align with the objective.  The opinion of the citizens within each nation are irrelevant to the decisions of the leaders.

Fundamentally, the big picture dynamic is to create a global network of allied nations based on one overarching principle, energy and human control through the carbon trading platform.  There are multiple moving puzzle pieces, but one big dynamic. Western government leaders are cleaving the world into two economic systems.

One economic system will be based on traditional energy as the underpinning of the economy.  One system will be based on renewable energy, with climate change agenda as the overarching basis for all of their economic shifts.  Pressure from within traditional alliances like the G7, G20, NATO etc, will create the wedge.  Terms like Build Back Better, Green New Deal, Paris Treaty Accords, and other reference points are part of this cleaving agenda.

Each nation will eventually have to make a decision about which team they will join.  The entry of Finland and Sweden into the NATO alliance is only one part of this dynamic.

WASHINGTON – Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) plan to present a resolution that will press the Biden administration to rush the paperwork for Finland and Sweden to join NATO.

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During a joint press conference held in Tokyo, Japan, held by Joe Biden and Prime Minister Fumio Kishida, Biden was asked about the financial pain Americans are feeling with massive increases in gasoline prices.

Outlining how his energy policy is directly related to the gasoline price, Joe Biden said: “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.” Yet again proving the intent of the administration is to implement the ‘Green New Deal’ through executive action.  WATCH:

https://youtu.be/s3mtbvZdpEA

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This admission is akin to former President Obama saying, “energy prices would necessarily skyrocket” in order to achieve the goals of the administration.

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We often talk about the disconnect between Wall Street (globalists) and Main Street (nationalists), and their influence in economic policy.  Today, Jason Furman, a former Chair of the White House Council of Economic Advisors, appears on CBS News to discuss his Harvard-Kennedy School impression of the U.S. economy.

There’s a particular point in the interview [Transcript Here] that encapsulates the moonbat perspective of the globalists.  Listen at 01:20 and you will hear this:

FURMAN:  “Look, we’ve seen a remarkable thing. Consumers, if you survey them, are very pessimistic and negative about the economy. When they vote with their wallets, we saw- we got the consumer spending data for April and it was way up. Consumer spending on just about everything has been booming. Over the next 6 to 12 months, I’m not super worried about a recession. After that is where I start to get worried because that’s where the Fed’s policy will start having more of an effect.”

Put another way: Our policies have made prices skyrocket (inflation). Consumers are forced to spend more money to sustain themselves (food, housing, fuel, energy); ergo consumer spending is booming. Brilliant, our plan to increase consumer spending by raising their prices is working.  That’s the way these people think. WATCH:

We force you to pay more, then turn around and claim economic victory because you are paying more…. “consumer spending is booming.”

By the way, he’s at the World Economic Forum where this perspective is actually cheered inside the echo-chamber.

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During a Senate Energy Committee hearing, Alaska Senator Dan Sullivan gives a list of actions taken by the Biden administration in the past three weeks to block U.S. oil production.

Energy Secretary Jennifer Granholm stated during the hearing that the Biden administration was doing everything possible to increase oil production and supply in the United States.  Senator Sullivan quotes the actions of the Biden administration in the last three weeks which are exactly the opposite of the energy secretary claims.  WATCH (3 minutes):

This is, yet again, another example of the false pretense of the Biden administration {GO DEEP}.  The Interior Department is filled with radical climate change ideologues, and they are working earnestly to undermine U.S. energy policy.

The hypocrisies pointed out by Senator Sullivan are not hypocrisies, they are fraud.   The activist ideologues embedded within the bureaucracy of government are like terror cells activating to destroy the foundation of the country.   President Obama implanted them at all levels of the executive branch offices. They are self-aware and operating independently.  The example of the Interior Department, in charge of oil and gas development, is the easiest to see.

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~ The Great Pretense of Biden ~

CTH has been preparing to write about this for a week. Today a serendipitous event took place which highlights the dynamic within the current Biden administration.

During a Senate Energy Committee hearing today, Interior Secretary Deb Haaland, a woman specifically appointed for her progressive identity as a native American indian – with no skills to be interior secretary, was questioned by Senator Joe Manchin about a press release [LINK] from the interior department that took place in real time as Secretary Haaland was giving testimony.  Secretary Haaland had no idea what the press release was about. WATCH:

[The Press Release is Here]

The issue surrounds the U.S. Interior Department, which is filled to the brim with left-wing climate activists, pushing out a press release saying that any further oil and gas leases are not going to happen.  Secretary Haaland was telling congress the Interior Department was doing everything they can to allow oil and gas leases and expand drilling with additional permitting.

The press release from the dept says the proposal the Secretary was stating “is not a decision to issue specific leases or to authorize any drilling or development,” literally undercutting her testimony in real time, and reaffirming that no further oil drilling will be authorized.   Secretary Haaland was caught completely off-guard, stammered and admitted she had no idea what the bureaucrats in the dept were doing.

What this example reveals is something we have noticed and discussed but has become very clear in the past few weeks.

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Make identity politics the primary qualifier for cabinet positions, and this is what you get.  WATCH (54 seconds):

For those who don’t know, the interior department is in control of domestic oil and gas resource development.

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Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer.  That would put the national average for a gallon of gasoline around $6.20 by August.

The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.

The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year.  Obviously, all of this is a feature of the administration plan, not a flaw.  The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.

Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda.  Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.

Massive increases in gasoline prices are a feature, not a flaw.

Remember, Biden is disposable.  The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term.  Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.

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Appearing on Face the Nation (FtN) Goldman Sachs CEO Lloyd Blankfein discussed his views and perspectives on the economy overall and U.S. inflation specifically.  Undoubtedly Blankfein has access to resources and analysis far beyond CTH scope; however, despite a statistically factual contracting GDP, Blankfein is claiming to see overall demand side inflation remaining in the macro economy.

Perhaps that view might still be true domestically on the service side (it certainly isn’t on the trade side), but demand driven inflation does not appear visible on the goods side of the economic ledger.  What is clearly present as the price driver is “production side inflation,” the costs to create goods and bring them to market.   If you look at economic activity in units instead of dollars, the units are contracting.

The demand for goods is now focused almost entirely on priority or essential purchases like housing, energy, fuel and food.  The price for those essential products is driven by production costs, which are a direct outcome of the energy policy, environmental policy, regulatory policy, and to a lesser extent trade policy, of the Biden administration.  Blankfein is pretending not to know things… WATCH:

Putting housing aside due to investment purchasing of real estate, if Blankfein was correct, and demand was still driving inflation, then a massive deflationary cycle would be coming as a result of lowered consumer purchasing of goods.   There isn’t any chance we are going to see “deflation” in the next several years.  [We will likely see housing prices collapse, but not consumer goods.]

Inflation is being driven by production costs, and there is no end in sight to the production cost increases as long as the crew behind Joe Biden keeps strangling the U.S. energy sector…. and then compounding the domestic price issue by creating incentives for energy exports (vis-a-vis EU sanctions).  The production inflation is a purposefully inflicted wound on our economy.  Production inflation is avoidable.

That interview is Wall Street gaslighting to a Main Street audience.  I don’t like it one bit.

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In April India said it was hoping to expand its wheat exports from 7 million tons to 10 million.  However, as precarious winter wheat harvests reflect lower outputs, they are reversing position and will now block any wheat exports in order to ensure their own supply.

INDIA – […] The announcement drew sharp criticism from the Group of Seven industrialized nations’ agriculture ministers meeting in Germany, who said that such measures “would worsen the crisis” of rising commodity prices.

“If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German Agriculture Minister Cem Ozdemir said at a press conference in Stuttgart.

Global wheat prices have soared on supply fears following Russia’s February invasion of Ukraine, which previously accounted for 12% of global exports.

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