It is quite remarkable to consider that almost 100% of these global issues could immediately disappear if the far-left ideologues behind Joe Biden would just unleash the American energy sector.  Alas, the seemingly religious cult of climate ideology will not allow it…. therefore we get these bizarre outcomes.

The U.S. has economic sanctions against oil exports from Iran, Venezuela and now Russia.  The EU is economically collapsing under their inability to power their economies without energy products, a specific outcome of the latest NATO and EU sanctions against Russia.

The green energy programs in the EU cannot sustain the needs of the population.  As a result, German Chancellor Olaf Schultz and French President Emmanuel Macron are asking Joe Biden to lift sanctions against Iran and Venezuela and let Iranian and Venezuelan oil replace the missing Russian oil.  Again, none of this would be needed if the U.S. just developed more oil and gas domestically; but Biden won’t change policy.

(Reuters) – The international community should explore all options to alleviate a Russian squeeze of energy supplies that has spiked prices, including talks with producing nations like Iran and Venezuela, a French presidency official said on Monday.

Venezuela has been under U.S. oil sanctions since 2019, and could reroute crude if those restrictions were lifted.  Indirect talks between Iran and the United States to revive a nuclear deal that could see sanctions on Tehran lifted and its oil exports resume have been on hold since March, but are due to resume in Doha soon.

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Watch how this plays out in the global cleaving.  Watch closely…

The stresses of retaining climate ideology are beginning to surface in the EU and ‘western nations.’  The developing world needs fertilizer quickly, or their twice annual harvests will not produce enough to feed their population.  However, the EU does not want the developing world to create their own fertilizer because it would mean using an energy source the EU no longer supports.

The result within the G7, G20, World Economic Forum, multinational corporations and EU government, is a debate over whether it is better for people to starve, or to allow developing countries to manufacture fertilizer to feed themselves.   Some in the EU and western alliance say let the people die, climate is more important.  Others, seem to be saying if they allow mass starvation just to retain their climate ideology, they may lose influence in the world.  The debate rages on.

(Reuters) – The European Union is divided on how to help poorer nations fight a growing food crisis and address shortages of fertilizers caused by the war in Ukraine, with some fearing a plan to invest in plants in Africa would clash with EU green goals.

Russia’s invasion of Ukraine has prompted a global food crisis and fears of worse to come because of a drop in grain exports from Ukraine and a spike in prices of chemical fertilizers, of which Russia and Belarus are major producers.  [SD NOTE: This is false.  Russia’s invasion of Ukraine did not create a global food crisis, the Western Alliance & NATO sanctions did – Important distinction] 

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Western leaders, specifically including the G7, have a serious problem.  Their collective energy and economic policy, a chase for the climate change and corporate financial agenda, have created the downstream consequences of global food shortages and third-world instability.  The non-industrial nations will now, once again, suffer as a direct result of Western ideology and arrogance.

To combat the pesky third-world pitch forks, today Joe Biden announced the U.S. will lead the G7 in a series of advanced spending measures intended to control how the pain inflicted by the industrialized nations will surface to the rest of the world.   Western media must not let the suffering of the brown people become visible, lest people start to connect the dots and realize the G7 is an ideologically racist and exploitative enterprise.

To soften the reality of the brown people suffering, the leftist administration of Joe Biden will spend $200 billion to mitigate the damage.  There are four aspects:

(1) To increase dependency and control the third-world population the G7 will finance a vaccine manufacturing facility in Senegal.  The breeding of the brown people must be controlled – climate change policy demands it. 

(2) To control the optics of the third-world complaining about it, the G7 will mobilize $335 million in private capital to control the communication systems in Africa, Asia, and Latin America.  The brown people must not discover the nature of their exploitation; and the citizens within the G7 nations must not find out their government is exploiting the brown people. Wouldn’t look good.

(3) The United States will spend $50 million over five years to support gender equity in the developing world increasing the friction between brown women and brown men, while ignoring cultural differences and forcing the social ideology of the West upon them.  And finally…. 

(4) The G7, fearing third-world instability and anger from the brown people that could disrupt their supply chains, the U.S. and Western nations will now seek to increase their control of mining for mineral deposits needed for G7 batteries – and will fund more railroads and ports to export the critical material to the West more quickly. 

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World Bank President David Malpass appears on CBS with media propagandist Margaret Brennan, a woman of exceptionally low intelligence, to discuss the current state of global economics and the likely consequences.  I have been saying this for a year and I will repeat, the absence of food will change things.

Within the interview [Transcript Here] the status and solutions that Malpass outlines are accurate and factual, albeit couched in gentle terms acceptable to the globalists. As noted by Malpass, if a shift in messaging and actual policy for energy and finance does not take place, the outcome will be bad for food production and government stability.

The World Bank president accurately states increased production is urgently needed to avoid global shortages.  However, that increase in production is only possible if the leaders of the largest economies reverse their positions on energy development and finance.  The world needs oil and natural gas production to increase dramatically in order to stave off food shortages. Unfortunately, those pragmatic recommendations are falling on deaf political ears.  WATCH:

[Transcript] – MARGARET BRENNAN: There are a lot of stressors on the global economic system right now, how do you describe where we are?

MALPASS: It’s a sharp slowdown, including even China. So we’ve seen the world growth fall by half since January in terms of GDP growth. But there’s also shortages, there’s inflation. And the food shortages for the poorer countries are becoming a significant concern, they already are.

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Yes, inflation is global; mostly.  That’s because all of the western governments and their central banks followed the exact same pandemic lockdown & spending instructions from the World Economic Forum.

The plan -as outlined publicly, was for government leaders to lockdown the economic activity (supply side), then spend to subsidize and fill the losses in economic activity (demand side), then reopen the economies using the Build Back Better agenda as a reset moving the underlying energy economy away from fossil fuels.

This was the collective plan, and they all followed the exact same playbook.  This is the origin of inflation.  The BBB plan disrupted the supply side, then triggered a reopening of the demand side while the supply remained scarce.  Simultaneous to the reopening, all former energy development processes were no longer supported by investment or policy.

In the aftermath, the energy sector was fractured and combined with higher costs for the production of all goods, that’s what is continuing this upward inflation spiral.

CANADA – Canada’s annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Statistics Canada said on Wednesday.  Analysts polled by Reuters had expected the annual rate to rise to 7.4% in May from 6.8% in April. (read more)

U.K. – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and one which underlines the severity of the country’s cost-of-living crunch.

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This interview is nothing but gaslighting crazy talk from an insufferable ideologue who is responsible for managing the insane policy driven consequences of transitioning from oil, gas and coal into an era where windmills and solar panels provide U.S. electricity.  Janet Yellen is the decline manager.

Treasury Secretary Janet Yellen begins the interview by denying the U.S. economy is shrinking.  Literally in the first answer Yellen says the economy “has been growing at a very rapid rate as the labor rate has reached full employment, it’s natural now that we expect a transition to steady and stable growth.”  Obviously, in order to say the economy has been growing, Yellen needs to pretend not to know the first quarter GDP was -1.5% as measured.  But wait… it gets more ridiculous….

At 06:30 of the interview, Yellen claims with a straight face that U.S. energy policy, which includes massive amounts of new crushing regulations from Biden, is not responsible for U.S. oil and gasoline prices.   WATCH (prompted):

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Neil Oliver uses language to hack the great red pill vending machine and feed the masses.   In his weekly monologue today, Oliver notes the great resetters, the alliance of multinational corporations and government leaders, are intent on using fear and finance to build the post-covid control mechanisms over the people within western society.

Create massive costs, destabilize the people, manipulate the crisis and leave the common family left trying to figure out what is happening.  Government and bankers using fear and finance respectively; both leveraged against the people, while drumbeating the continued nonsense of climate change and the need to ‘save the planet’.  Video and Transcript below, well worth WATCHING and Reading:

[Transcript] – “Things are heating up – can you feel it?

It’s been warm in parts of Britain – although not as warm as climate crisis experts predicted. By this I mean the latest figures released by the United Nations’ Intergovernmental Panel on Climate Change – the infamous IPCC – show the world’s temperature hasn’t risen for 15 years.

According to press reports last week, politicians in Germany, Hungary, Belgium and the US – politicians who depend on climate crisis scientists’ computer modelling and predictions to justify their hugely expensive green energy policies – apparently wanted the many hundreds of scientists around the world responsible for the report to cover up the inconvenient truth that Earth’s temperature has plateaued for a decade and a half.

The report was just quietly slipped out onto the Internet instead, without press release or any other fanfare.

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Western sanctions against Russia have been used primarily to obfuscate the cause of western inflation and keep the citizen pitchforks from reaching various government offices.  So far, the strategy -assisted by western media- has been mostly successful.

However, the International Energy Agency (IEA) is reporting that despite the western sanctions against Russia, the Russian energy sector is having no trouble finding customers for its oil sales.  With global oil prices at their highest rates in years, in part driven by the energy policy of the same western leaders who triggered the sanctions, Russia is getting just as much economic benefit as it was before the sanctions regime was triggered.

(EU FINANCE) – Russia continued to rake in oil revenues in May despite a global boycott from companies and most countries following its invasion of Ukraine, a new report has shown.

The International Energy Agency (IEA) said the Kremlin’s oil-export revenues surged to around $20bn last month, an 11% increase from the month before, despite shipping lower volumes.

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The S&P 500 fell 151.23 points, or 3.9%, to 3749.63. The Dow Jones Industrial Average dropped 876.05 points, or 2.8%, to 30516.74. The tech-heavy Nasdaq Composite declined 530.80 points, or 4.7%, to 10809.23 (33% lower that the November record).

CNBC – […] U.S. stocks on Monday entered a bear market because the S&P 500 closed more than 21% below its all-time record close reached as recently as last January, S&P Global Dow Jones Indices senior index analyst Howard Silverblatt wrote.

Stocks had been flirting with a bear market for the past several weeks on an intraday basis, but had never actually closed below 3837, the level S&P Global needed to see in order to officially declare one.

S&P Global says a 20% decline in the S&P 500 on a closing basis from its previous peak is all it takes to define a bear market. Which means that this bear market is already more than five months old, since the S&P 500 all-time high came on January 3. (read more)

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They might even hold hearings on it….