Another item in the long list of ‘thanks Joe Biden‘ stuff.  Shortages in natural gas in windmill chasing Europe have driven up the prices significantly.  The conflict between NATO and their targeted villain in Russia is only making matters worse.

As the EU prices jump to $33/$34 per million British thermal units (BTU’s), the U.S. natural gas selling at $6 per million BTU’s is an absolute bargain.

Liquify that stuff and send it across the pond says any smart energy capitalist.

However, that comes with a problem for us.  Our supplies of natural gas are depleting quickly, our exports are now almost three times more than our production.

LONDON, April 8 (Reuters) – U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below average for the time of year despite a mild winter.

Front-month futures for gas delivered at Henry Hub in Louisiana have risen to $6.40 per million British thermal units, the highest in real terms since 2010. Wholesale prices in the United States are still far below those prevailing in Northeast Asia ($33 per million British thermal units) and Northwest Europe ($34).

[…] U.S. LNG exports rose 13% in the three months from November to January compared with the same period a year earlier, while gas production was up by less than 5%.

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Given the scale of the stakes for western government; and given the professed intentions of govt-aligned big tech to control the story; it is almost impossible to have an honest and open dialogue on the internet about what is happening in Ukraine.  That said, for those who have been using independent resources to form their own opinion of the events in/around Ukraine, this interview highlights some important aspects.

First, notice how Prime Minister Shmyhal is not the least bit bashful about saying cash is important because American taxpayers, the working American people, have a duty to fund the pensions and retirement accounts of the Ukrainian people, including govt politicians. [03:37] Indeed, much of the financial assistance Joe Biden has been sending to Ukraine (beyond the weapons to support the proxy war) is going toward paying the wages and salaries of corrupt Ukranian leadership.

Let that first point settle in deeply, as we consider how working Americans are being financially destroyed by U.S. monetary/fiscal policy, yet the same U.S. officials wiping out your bank account are funding the bank accounts of people in Ukraine.  Interview WATCH:

Second point.  Notice [06:02] how Prime Minister Shmyhal hedges, pauses and thinks about the response to the question of ‘what is victory’, a stalemate or Russian exit?  In the U.S. proxy war against Russia, Shmyhal is not the person who can answer that question, only the White House can.

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The biggest election with global significance is taking place today in France as Marine Le Pen (economic nationalist) challenges current President Emmanuel Macron (economic globalist).  The world is watching this one, because if Le Pen can win it would be seismic in political consequence.

Current voter turnout is recorded as moderate (63% range) with rural areas running higher turnout than urban areas.  Forecasters were predicting around 71% voter turnout.   GBNews is on the ground with a report:

Marine Le Pen is a long shot.  If she wins it would be massive.

We will not know the early results for a few more hours, around 4pm ET.  Some other data below…..

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This interview is gag-worthy as two condescending leftists wax philosophically about how progressive U.S. foreign policy should dictate global society.  However, it does show just how flawed the ideology of the interventionist political leftists has become, and why their expansionist ideology always culminates in conflict.

Example: Right now, China is threatening to put military bases in the Solomon Islands.  Australia and the collective west are aghast and ready to draw “red lines.”  At the same time the U.S/NATO put military forces ever closer to Russia and are shocked that Putin would eventually respond to the red lines he previously drew.  The geopolitical hypocrisy is ridiculous.

That hypocritical example above highlights the ironic point made in an interview between Margaret Hoover and former US Ambassador to Ukraine Marie Yovanovitch as they discuss President Trump.

If Trump had won reelection, there was no reason for Putin to invade Ukraine because Donald Trump was not trying to expand pressure on Russia or any other foreign government.  Yovanovitch admits directly that Trump foreign policy did not create conflict; yet, Yovanovitch pretends not to see the cause and effect in her leftist intervention advocacy.  WATCH (prompted to 14:42):

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It’s not exactly a confidence builder when the Director of the International Monetary Fund answers the question about forward priorities by saying, “Perhaps we need to pay attention to the law of unintended consequences.”  You had one job Kristalina, one job.

During an International Monetary Fund (IMF) spring debate and discussion segment, IMF Managing Director Kristalina Georgieva, outlined her perspective against the backdrop of massive inflation caused by the global financial institutions telling government to spend money and they will print it, during COVID.  [The video is prompted to 01:04:50] WATCH:

The discussion included EU Central Bank President Lagarde, US Fed Chair Powell, Indonesian Finance Minister Mulvani – when IMF Director Kristalina Georgieva admitted they channeled their COVID fear and emotions by unsustainably printing money without pausing to think through the consequences.

Now, the world is facing massive inflation, economic contraction, looming hunger, widespread famine and a pending global financial collapse.

Their response? “Whoops.”

Not to worry, they’ll have a little wine and chocolate and figure things out.  Swear.

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Colonel Douglas Macgregor appeared on Tucker Carlson to give a brutally honest assessment of the conflict in Ukraine. Regarding the transfer of heavy weapons and artillery, Macgregor notes something many have discussed.

The logistics of sending in those weapons from western Ukraine (Poland border) to the eastern Ukraine battle encompasses a thousand-mile trek. Russia can easily hit those convoys en route, negating the supply line. Additionally, the U.S. has sent $4.7 billion in military equipment and financial aid so far (see graphic below), and we have no idea who is in control of those weapons.  WATCH:

To give scale for the proxy war the U.S. government is waging in Ukraine, check out the extreme ratio of who in NATO is sending support, and how much.

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Ukrainian President Volodymyr Zelenskyy told the International Monetary Fund today he needs $7 billion per month in global subsidy in order to supplement the economic losses currently being incurred.

(VIA CNN) – “Ukrainian President Volodymyr Zelensky said on Thursday that Ukraine needs $7 billion per month in financial assistance to make up for the economic losses from the war. 

In a virtual address to a World Bank forum, Zelenksy also said that it would take “hundreds of billions of dollars” to rebuild his country later. 

He said every country must be prepared to break all relations with Russia and that Moscow should “immediately” be excluded from all international financial institutions including the IMF and the World Bank.” (link)

Plus, “10% for the big guy”.

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There comes a time when ideology runs headfirst into the monolith of unwavering reality.  Today, during a press briefing as a part of the IMF World Bank Meetings [TRANSCRIPT HERE], Treasury Secretary Janet Yellen was forced to admit the sanctions against Russia have hurt the EU more than Vladimir Putin and the Russian economy.

Secretary Yellen was asked about the need for increased western government bans against Russian exports.

Yellen was faced with the discomfort of admitting the global market is still open to receiving Russian products, specifically oil and gas, and that banning the EU from receiving those products only drives the EU prices higher, which has already led to unsustainable inflation.

Key Segment:

…”Europe clearly needs to reduce its dependence on Russia with respect to energy. But we need to be careful when we think about a complete European ban on say oil imports. We want to harm Russia – that would clearly raise global oil prices would have a damaging impact on Europe and other parts of the world. And counterintuitively it could actually have very little negative impact on Russia because although Russia might export less, its price for its exports would go up.”

The EU is already experiencing massive energy price increases.  Yesterday, Germany announced manufacturing price increases of more than 30% following increased energy costs exceeding 80%.  The current western government sanctions against Russia are hitting the EU economy harder than they are hurting Russia as alternative customers (India, China) for Russian energy exports are still purchasing.

In essence, the EU has partly removed themselves as a customer, but the seller, Russia, is still selling; only now they are getting higher prices because the EU and U.S. are disrupting oil and energy production in an effort to chase their climate change goals.

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The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories.  [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.

The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year.   However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns.  The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.

Germany is the largest economy in the European Union.  This level of inflation within Germany has major ramifications.

First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products.  There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient.  Germany is dependent on Russian energy.

Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance.   In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness.   The U.S. proxy war against Russia does not benefit Germany, at all.

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According to multiple media outlets [CNN here – Reuters here] Joe Biden is sending another $800 million in weapons to Ukraine.  This is the third delivery of U.S. military hardware bringing the total weapons deliveries to $3.4 billion since late February.  Congress has allocated $14 billion for the laundry operation, which *may* include authorization for much of this current distribution.

In the last several days the Russian military have been posting on their ground reports, about the capture of many millions in U.S. weapons as the Russian army moves more forcefully and methodically to secure the Eastern Ukraine Donbas region.

While western media talks about an ongoing battle for the Russia-Ukraine city of Mariupol, the reality is the remaining Ukraine regiment in the city is now located in a steel factory where they took civilians to provide cover.  The Russians have given them a deadline to surrender.

At this point Mariupol is a western media talking point, a created Alamo narrative, about to disappear.

(VIA CNN) – The US is prepping another $800 million military assistance package for Ukraine, according to three senior administration officials and two sources familiar with the planning.

Details of the latest package are still being privately discussed and could change, but earlier Tuesday, President Joe Biden said the US plans to send more artillery to Ukraine.

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