Joe Biden has pledged to increase his use of executive power in order to deconstruct the U.S. energy system and recreate a Green New Deal energy economy using windmills and solar power to generate electricity.  Today, Biden kicked-off the first round of executive orders [READ HERE].

The first round of executive orders is essentially payments to low income Americans for the increased costs of Biden’s new energy programs.  However, for those paying close attention, I would direct you to notice this predictable aspect in the “Fact Sheet” provided by the White House:

…”the Department of Labor’s Occupational Safety and Health Administration (OSHA) has already conducted 564 heat-related inspections, which are focused on over 70 high-risk industries across 43 states. On days when the heat index is 80°F or higher, OSHA inspectors and compliance assistance specialists are engaging in proactive outreach and technical assistance to help stakeholders keep workers safe on the job.”

(more…)

In May the inflation rate in the U.S. increased to 8.6%, a few weeks later the European Union measured their May inflation rate to match at an exact 8.6% {link}.  In June the U.S. inflation rate increased again to 9.1%, and now we see the U.K. reporting their June inflation rate today at 9.4%.

While the individual amounts of government COVID-19 spending amid the U.S, U.K. and Europe were different, the percentage of that spending in relationship to the size of their economy was very similar.  As a result, the global inflation rates contain strong parallels.

None of these parallels are accidental.  All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed.  What we are seeing right now is the outcome of the “Build Back Better” roadmap.  The “global inflation” is the outcome.

Joe Biden is blocking domestic energy production as he follows through with the agenda of the Green New Deal.  In Europe, not coincidentally demanded by Biden, a similar outcome comes from the sanctions and blocking of Russian energy resources.

One could make a reasonable argument that the team behind Joe Biden specifically wanted the EU sanctions against Russia, because the U.S. crew wanted to keep both industrial economies mirroring each other as the U.S. energy system was dismantled.  It would make sense to avoid a spotlight on the U.S. economic collapse, by forcibly pushing the EU economy into the same situation.

Taking that line of geopolitical and economic consequence one step further, and that would be part of the strategy -albeit undiscussed- behind having a consistent global cap on the price that any nation could pay for Russian oil.  That approach is not about punishing Russia, it is to make all of the economic pain and problems equal amid all western nations.  Globalists, and the central bankers, are good at creating economic systems to deliver equitable misery.

(more…)

The goal of gaining public acceptance for eating insects instead of meat is now part of the Public Broadcasting Service (PBS) effort.  The larger climate change objective is to “transition” the global food supply away from cows, pigs and chickens, and toward a more sustainable lifestyle of eating insects and bugs.   Farmers in North American and Europe are facing massive regulatory changes as part of the Build Back Better or Green New Deal initiatives.

In the U.S. Joe Biden has pledged his entire administration effort toward the goal of reducing U.S. carbon emissions and protecting the planet.  Part of that initiative includes the need to change the diet of Americans away from traditional farm proteins, and toward sustainable alternatives via bugs and/or insects like cockroaches, crickets and grasshoppers.

A comprehensive marketing, branding and image campaign is underway to change the public perception toward an acceptance of sustainable algae and bugs as food sources.  Public Broadcasting (PBS) is part of that imitative:

(SOURCE)

Several U.S. food manufacturers now include insects and bugs as part of their ingredient list.  It would be worthwhile checking the labels on the latest snack foods to identify the percentages of worms and bugs that may be included in your favorite salted snack.

Additionally, a significant investment has taken place in Canada where they are now generating 9,000 metric tons of crickets to replace traditional protein sources (link).  The public/private partnership in London, Ontario, is now shipping crickets for use by North American food manufacturers.  There has been minimal public pushback against the effort and the government appears to be fast-tracking insects as food alternatives for global shortages of grain and meats.

(more…)

Kentucky republican House member Thomas Massie had some interesting statistics in hand when questioning Transportation Secretary Pete Buttigieg about the administration goal to make electric vehicles 50% of all cars, vans and trucks sold by 2030.

Essentially, it is a cart and horse scenario.  An electric vehicle requires five times as much energy production as the standard home air conditioning cost.  The U.S. electricity grid cannot support an increase in household energy use that is equivalent of adding five times as many houses using air conditioning.  Math is math.  WATCH:

.

Comrades, the likely federal government solution is simple.  Comrade citizens can have one electric car (mandated by regulatory compliance), or they can have their home air conditioned, but they cannot have both.  [Assuming social credit scores are high enough]

See how easy that is?

(more…)

CTH cannot overestimate what is more likely than not, as the Biden administration is now reportedly going to declare a national climate emergency in order to take their Green New Deal policy to the next level via executive fiat.  [The Hill Story Here]

Any possibility of the Biden administration creating an even deeper economic collapse under the auspices of climate change regulation, has essentially been stalled by congressional opposition to further Green New Deal (Build Back Better) spending and regulatory legislation.

Some, albeit not enough, congressional representatives, can see what lies at the end of this fundamental energy change, a significant collapse of the United States economy.  However, the committed ideologues behind Joe Biden are not going to let the legislative branch interfere in their climate change agenda.

What we are about to see is most reasonably predictable against the backdrop of how Biden’s administration exploited the “national COVID emergency,” that backstopped and justified their eventual use of OSHA to mandate vaccinations, and regulatory control over the private sector, under the guise of a pandemic emergency.  We predicted that administration approach in December of 2020, and that is exactly what they did {GO DEEP}.

When CTH shared that OSHA would be the institutional regulatory vector for forced vaccinations, many said we were conspiracy theorists.  Ten months later that is exactly what the people behind Joe Biden did (link). Now we can expect that same health emergency approach (massive regulations) to repeat with the declaration of a national climate emergency.

Pause and think about the ramifications to all domestic economic and business interests if the federal government starts using all agencies to regulate a new climate emergency policy.  Think about the regulations, the scale of potential regulations, from the dept of transportation, the dept of labor (including OSHA), the dept of the interior, the dept of energy, the dept of housing and urban development, the dept of education, the dept of health and human services, and many more.

(more…)

During the White House press briefing today, the administration sent Jared Bernstein to the podium to discuss a recent drop in gasoline prices.  Bernstein was claiming that Joe Biden had lowered gasoline prices when journalist James Rosen asked a question. {Direct Rumble Link}

James Rosen asked Bernstein why it was “Putin’s price hikes” when the gasoline prices are increasing, but not “Putin’s price plunge” when gasoline prices are decreasing.  Bernstein attempted to clarify his position and ended up looking silly.  WATCH:

.

(more…)

CBS pretentious pretender Margaret Brennan interviews Joe Biden’s Energy Security Coordinator Amos Hochstein about the trip to the Gulf Arab States and subsequent energy policy developments.  [CBS Transcript Here] Hochstein spins the non-existing benefits of the trip by attributing the pre-existing Saudi cease-fire in Yemen as an outcome of Biden talking to Crown Prince Mohammed bin Salman. Quite a stretch.

Hochstein still thinks there is going to be a way for ‘western governments‘ to place price caps on Russian oil exports by getting the entire planet to agree only to pay Russia a set price for oil.  With Russia an OPEC+ member, and the members of OPEC not in ideological alignment with the Biden administration on a host of geopolitical issues, good luck with that.  The producers (OPEC) have control over what prices the consumers (Non OPEC) pay; they are not going to give up that mechanism just to please the Biden administration.

On the domestic front, while there is little possibility of a global oil production increase from OPEC, Hochstein claims to have assurances from U.S. oil producers they will increase their production capacity by November.  At the same time the institutions in charge of Biden energy policy are going to keep targeting the oil producers to destroy them. Quite a weird dynamic.   Hochstein finishes by saying solar and windmills are the future of U.S. energy production and if we invest more, well, we can save the planet. WATCH:

It is worth remembering what MbS said about the meeting: “We agree on many things, but we differ on a few others. Every country has its own culture and circumstances. I respect yours, you respect mine. Do not impose your culture on us. Do not impose your beliefs on us.” … “We agree we need to do more for climate change, but you guys are doing it wrong by favoring certain energy sources over others. The world needs energy security. We need all energy sources including oil & gas. We are doing our part on both fronts: climate change & energy security.” … “The stage of a country’s economic & social development must be considered in climate change negotiations.” … “We are increasing our production capacity to 13 million barrels per day (from 12 mb/d), but that is it. We cannot do more.”

The message here is: You guys do your part and invest more if you want to avoid energy crises, recessions and unemployment. Do NOT blame us!

(more…)

Joe Biden is heading back from an embarrassing trip to Saudi Arabia and the middle east.  Putting aside the fact that physically and mentally Biden looked weak, foolish, and generally incoherent, in an odd way he was appropriately representative of the current of U.S. influence on the global stage.

Before getting to detail, first it is important to emphasize a point that doesn’t get attention domestically.  Democrats are exceptionally weak on all aspects of foreign policy, specifically because their modern ideology is based on hypocrisy of a stunning magnitude.

Domestically, the U.S. media protect democrats by spinning everything into the best light possible.

However, on the world stage the non-western leaders like Putin, Xi and MbS use that hypocrisy like geopolitical ammunition.

Examples… Domestically the U.S. media do not bring up the Joe Biden Afghanistan mess, the rise -and current legitimacy- of the terrorist Taliban; or the brutal mess Barack and Hillary created in Libya; or the unauthorized intervention into Syria that created ISIS; or the complete fubar that was an illegitimate invasion of Iraq; or Hillary’s insufferable “reset” in Russia; or their inability to deal with China’s proxy province of North Korea (because they pretend it’s not); or the current circus célebrè in Ukraine.

Each region, and there are many more, a typical example of how modern democrats are fundamentally weak on foreign policy.  It is not just Joe Biden either; just about every leftist head of state within the alliance of “western democracies” are also pathetically impotent when it comes to influence on a global stage.

(more…)

Transportation Secretary Pete Buttigieg, a cabinet ideologue with zero experience in business or transportation, appears in the news admitted the high price of gasoline is part of the Biden energy agenda to push people into purchasing electric vehicles.  You’ll have a higher car payment, but you won’t pay for gasoline.  WATCH:

(more…)

This shouldn’t come as a surprise.  Most banks and financial institutions are being very careful right now as they prepare for the consequences of consumers running out of money.  All banks are securing reserve accounts in anticipation of defaults increasing.

July 15 (Reuters) – Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses, while its mortgage lending business came under pressure from higher interest rates.

The fourth-largest U.S. bank reported profit of $3.1 billion, or 74 cents per share, compared with $6 billion, or $1.38 per share, a year earlier. Its total loan loss provisions were $580 million in the quarter, including a $235 million increase due to loan growth.

Under an accounting standard that took effect in 2020, banks must factor the economic outlook into loan loss reserves. Last year, the bank had released $1.6 billion from its reserves for loan losses as the economy rebounded from the pandemic.

(more…)