There’s a lot of background discussion about this latest issue created by Elon Musk signing a pledge to support the socialist (communist) economic enterprise systems under the control of the Chinese Communist Party.

Most of the current discussion is focused on the weak ideological ‘free-market and democratic’ commitment exhibited by Musk’s adherence to the rules and dictates of the Chinese state.  However, I’m staying far outside the esoteric and nuanced implication of this.  The reality is much simpler.

Elon Musk is in a dire financial situation; he cannot afford to be high-minded and ideologically connected to free-speech and free-enterprise right now (if he ever was).

The Musk empire is in a very weak financial position; these decisions made, while China is holding such financial leverage over him, are made without option.  Ironically, Twitter is banned in China. lolol

(Via Daily Mail) – […]  Elon Musk’s Tesla was the only foreign company in the lineup of 15 other automakers to sign the letter.  Part of Musk’s pledge was a promise to support China’s ‘core socialist values’ and bear ‘the heavy responsibility of maintaining steady growth.’ 

The automakers also agreed not to ‘exaggerate or use false publicity and disrupt fair competition with abnormal pricing,’ according to Bloomberg. 

China accounts for one third of Tesla’s annual sales, reports the FT. The communist country is Tesla’s second-largest market after the U.S. and the Shanghai plant is the electric car maker’s largest production hub. 

Yaqiu Wang, senior China researcher with Human Rights Watch, criticized Musk’s moves, telling the FT: ‘Failing to comply with ‘core socialist values’ has been frequently used by authorities to punish speeches that are critical of the Chinese government.’  (read more)

Once you strap onto the ride with the dragon, you don’t get off until the ride’s over.

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Things are not looking good for France as a fourth night of riots, violence, looting and general chaos is worsening. “President Macron was last night facing calls to impose a state of emergency after marauding gangs of rioters – some armed with stolen rifles – clashed with police in a fourth night of mayhem.”

(Via Daily Mail) – […] Rioters were again seen rampaging through the streets of Marseille, Lille and Paris, amid claims looters broke into a gun shop and stole hunting rifles while others ransacked a police station. Cars, buses and government buildings have been set alight and fireworks have been launched at police.

There were more than 3,800 fires on public roads last night, while more than 500 buildings were set alight.

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French President Emmanuel Macron was in the Netherlands today speaking to an audience in the Hague about his vision for the future of Europe.  A remarkably disassociated speech was the outcome.

Speaking of the importance of innovation to maintain economic competitiveness, on his right-hand Macron cheers for capitalism as an outcome of competition from the only venue it exists, the nation state.  Yet on his left hand, Macron proclaims the importance of ‘globalism’ and economic socialism, which is the anthesis of creating innovation.

Economic nationalism is the only way competition between nation states succeeds. Innovation is born from competition, and without the nation state there is no baseline to maintain capitalism.  Globalism creates socialism, equity as the baseline for distribution of innovative outcomes.  Capitalism and socialism cannot coexist if innovation and competition is the goal.  The pillars which form the baseline for Macron’s view of a new Europe, collapse in his contradictory worldview.  Prompted to 10:55, WATCH:

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Macron’s solution to the problem of innovation lacking in ‘globalist‘ economic models, is to force citizens to produce and innovate.  This is what he means by “reforms” in the competitive agenda.  Forced innovation, is the worldview of totalitarians.   Capitalism relies on freedom, not coercion.

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Fox News host Tucker Carlson doesn’t always align the granular details in a way that I will always agree with; however, in this monologue he accurately and brilliantly deconstructs the “Democracy at Stake” narrative. Tucker Carlson simply nails this.

This big picture monologue on the distinct difference between what authoritarian minded Democrats and media call “democracy”, and what true democracy actually is meant to represent, is brilliantly presented. WATCH:

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By all outward appearances the acquisition of the Twitter social media platform by billionaire Elon Musk looks like it is going through.

According to bank filings and financial transfer documents reviewed by The Wall Street Journal {link}, the process to finalize the purchase is taking place.  Meanwhile Mr. Musk used the platform to notify Twitter advertiser of his intent in the purchase {link}:

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Earlier today, Joe Biden, working toward the agenda of Elizabeth Warren, Bernie Sanders, Wall Street multinationals, and the radical climate change activists within the far left of the socialist democrat party, declared a national emergency around the issue of U.S. energy prices and policies. [SEE HERE]

On the front side of the justification, the people in control of the Biden administration, claim that current and future increases in energy prices are likely to do severe damage to the economy and the lives of all Americans.  However, in the background of the issue, this is the ‘never let a crisis go to waste’ phase of an energy crisis the administration has intentionally created.

The real goal is to fundamentally transform the foundation of the U.S. economy away from fossil fuels and into a new era of clean renewable energy. This is what all of the Biden cabinet officers now refer to as the “economic transition” phase.

Joe Biden’s executive announcement today is the triggering of increased federal government control over the United States energy system.

Ideological government intervention, completely disconnected from the free market, is facilitated by the declaration of a federal national emergency:

[WHITE HOUSE] – Today, President Biden is authorizing the use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies – unlocking new powers to meet this moment. Specifically, the President is authorizing the Department of Energy to use the DPA to rapidly expand American manufacturing of five critical clean energy technologies:

• • Solar panel parts like photovoltaic modules and module components;
  • Building insulation;
  • Heat pumps, which heat and cool buildings super efficiently;
  • Equipment for making and using clean electricity-generated fuels, including electrolyzers, fuel cells, and related platinum group metals; and
  • Critical power grid infrastructure like transformers.

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Here is one succinct interview containing the smorgasbord of far-left policies the people behind Joe Biden are proposing as the solution to the inflation crisis they have created. It is remarkable to see it all packed into one 8-minute segment.  There is so much crazy in here it would take a week of articles to unpack it.

The ultra-leftist Biden Transportation Secretary, Pete Buttigieg, appears on ABC with George Stephanopoulos to discuss the solutions to the massive economic collapse that looms all around us.  Within the interview Buttigieg states the Biden administration goal is to use the high cost of living (policy driven inflation) as an opportunity for the government to take over household expenses and create equity via government distribution.

If reasonable people do not intervene quickly, the executive branch and legislative branch will move to begin subsidizing and controlling medicine, childcare, housing and food costs by diverting tax dollars into the social equity system.  Depending on income, the Biden administration plans to offset higher prices for Americans by providing the essential services and products they need.  In essence, Democrat-Socialism with a filter of equity in distribution, ie “enhanced dependency.”  WATCH:

Remarkably, Stephanopoulos references one of the most insane New York Times op-ed’s ever written around economics {ARTICLE HERE}.  Within the reference, the Democrat legislative proposal is for the government to take over the purchasing of essential products like food, fuel, gasoline and medicine.  The government would then distribute those products.  The entire premise is based on some academic leftist theory of economics that is just nuts. It looks nothing like capitalism.

The baseline for the approach contains the premise that inflation is driven by too many people chasing scarce goods. Thus prices are rising.  This is how the Democrats look at inflation and explain the problem.  Their solution is for government to buy the food at the prices they claim people cannot afford, and then sell the food at prices they claim the people can afford.  [Replace ‘food’ with any item they determine]

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In Chapter 1, sub-section 1.4 of the 2022 Canadian budget, there is a rather remarkable new rule that bans foreign ownership and investment in housing for a period of two years.  [LINK HERE]

“To make sure that housing is owned by Canadians instead of foreign investors, Budget 2022 announces the government’s intention to propose restrictions that would prohibit foreign commercial enterprises and people who are not Canadian citizens or permanent residents from acquiring non- recreational, residential property in Canada for a period of two years.”

Two points about this issue.  First, can you imagine the media outcry if a conservative prime minister would ever make such a proposal?  Quite a leftist change from the previous mantra “diversity is our strength”?

Second, considering the issue of foreign investment that creates housing, there is a likelihood this could backfire.  The new position of Canada will certainly put more upward pressure on the U.S. housing market.  Every action tends to have an equal and opposite reaction.  It will be interesting to follow this and see where it leads.

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Current Treasury Secretary Janet Yellen is a Davos/WEF devotee of the highest magnitude.  Yellen is ensconced in the worldview of those who run the operations of central banking and global finance.  She is the globalist secretary of world treasuries and has been throughout her professional life.

As more people become aware of the Build Back Better agenda, or as some would say “The Great Reset,” and its direct connection to the dreams and aspirations of the climate change ideologues in the elitist class, it is worth paying attention when Yellen says nothing will deter the Biden administration from eliminating fossil fuels; and it is her role to make that objective financially possible.

Yellen emphasizes the Biden administration position about how the conflict in Ukraine and the sanctions against Russia are an example of why the global energy resources need to fundamentally change to renewable resources.  Her strength of advocacy, in alignment with the Davos/WEF position, is yet another data-point to highlight the predictable cleaving of the world economies into two distinctly differing groups of nations.  WATCH:

It doesn’t matter how economically painful it is to chase these energy policies, the elitists who operate western government are all-in on the same program.  The same western governments who used totalitarian emergency powers to destroy liberty and freedom under the guise of COVID-19 mitigation, are the same western governments now aligned to use the crisis in Ukraine to advance their energy ideology.

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The New York Times is reporting, “Tow-truck operators, who have been reluctant to cooperate with the police, will also now be compelled to work with law enforcement agencies to clear Ottawa’s streets and the border crossings at Coutts, Alberta. If they don’t cooperate, they could face arrest.” (link)

Meanwhile, the pontificating pustule of sanctimonious pomposity, Canadian Prime Minister Justin Trudeau, is doubling down on his position that in order to save democracy in Canada his administration must first destroy it:

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Additionally, the Ottawa Police Chief, Peter Sloly, has resigned amid severe criticism from the far-left communists in Canada, because he did not crack down hard enough on the people demanding freedom from oppressive COVID mandates.

[…] Peter Sloly’s resignation as Ottawa police chief, which was confirmed by the minister of public safety, came after Mr. Trudeau took the rare step of declaring a national public order emergency aimed at stopping protests that have roiled Canada for weeks. (link)

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