Europe Commits Energy Price Cap Suicide: The SUM Report 11-27 | QPOL Issue #23
"Stuff U Missed" - A Brief Summary of the Week's Top Events in Macro/Geopolitics
price caps
psyop hacks
scammers get a pass
EU Continues to Commit Economic Suicide
Davos et/al of the EU are continuing (and failing) to fight their war against Russia, this time by trying to impose price caps on Russian oil imports. The idea is to starve Russia of oil profits and hinder their war financing. As noted in the Wall Street Journal,
The aim of the plan, which was pushed hard by Treasury Secretary Janet Yellen, is to crimp Russian energy exports revenue while avoiding a surge in oil prices when a European embargo on Russian oil imports kicks in early next month. Despite European reluctance at the time, the G-7 first agreed on setting the oil price cap in June following Russia’s Feb. 24 invasion of Ukraine.
The EU imports the majority of its oil. Although their partners Britain and Norway provide them oil, they’re not in the EU, and thus they’re not energy independent.
Oveall, price caps do not work. Obvious economic reasons aside, they encourage participants in the market to cheat because profits matter. Black market schemes will be encouraged regardless of any arbitrary regulation to make sure the bottom line is met. Mike Shedlock notes that China, India and other countries will not go along. That's enough right there to show the ridiculousness of the idea. India has already been a middle man for buying, refining, and selling Russian oil back to the EU.
As Mike Shedlock so eloquently states, “The cap fail spectacularly and drive up the price by re-routing oil headed to the EU to China and India instead. Then the EU will have to get oil from the US or OPEC over longer routes increasing the cost.”
Not to mention, Russian sanctions will only make matters worse (as they have since the start of the war). The demand for oil will only increase its price, and the US has argued that said spike in oil prices via EU sanctions would inevitably help Russian oil profits and further tank the global economy. Everything that Davos does is disastrous to society at whole.
As for gas, the EU had completely divested from Russia gas for this year 2022. They claim to have accomplished their goals with enough LNG and secured enough to make it through this winter. However, there might be a different story for 2023. It should be recalled that for the first half of 2022 they were stocking up on Russian gas supply before they cut off Russia and imposed the sanctions. Needless to say, cheating around price caps is inevitable.
As the price caps cause nations to cheat, the markets will fragment causing a a distortion of energy prices to the upside around the world. Even if the United States is energy independent, there’s no way out so long as the Biden administration hinders the energy industry with crippling regulation. They need to be presented an offer they can’t refuse, which will most likely come in the form of rate hikes from the Fed that forces the Davos trolls in Congress to capitulate.
What’s more telling is that the EU’s industry commissioner stated that there will be a severe energy crisis for 2023 and 2024 unless the war in Ukraine ends. Could this be part of the Davos Malthusian plan to cause Europe and the rest of the world to implode on their watch with the hope of capital flight fleeing back to Europe as they draft the US into their war? Plausible, but time will tell. I don’t foresee anything happening as far as WWIII before the new year, but these days no one knows how far these power-hungry psychopaths will go. Letting their people freeze and go hungry is just the beginning…
Schwab Peacocks China
The interview above is nothing more than Klaus Schwab peacocking China and lumping them into the same catagory and goal-oriented mindset of Davos. China Is BRICS through and through, and BRICS was a visceral response to Davos’s Great Reset Agenda.
Saying and implying China is Team WEF is like saying Powell is team WEF because he had meetings with Fink. There are factions and loyalties to said factions within factions. More importantly, it’s purely based on the individual’s incentives. Davos’s anglo-eugenicist ideology does not have a soft spot for the global South. Period.
This video also would imply that Schwab is pro-international law. China as a role model for countries implies that Schwab respects their national sovereignty as an independent country. The goald of the WEF and Davos is to overthrow and make the notion of the nation state extinct via replacing them with corporations by the likes of BlackRock et.al.
Schwab is praising China, but that doesn’t mean China is team Davos. Why would the BRICS nations be a thing otherwise? China is anti-WEF. Schwab is just praising their tactics of trying to control their society by saying basically their authoritarianism is a model he’d like to follow. What Schwab wants for humanity is worse than what China has for their society currently.
Yes, most of the leadership in the EU is aligned with Davos, sure. But also understand there was just a fucking coup in the UK and the leaders in the EU countries (other than Meloni) were APPOINTED by Davos. And that’s why China depends on the Fed to raise rates and destroy the ODM to bankrupt Davos. Do you really think the populous agrees with the WEF agenda? That’s like saying the majority of the US actually votes blue…
Also consider that the WEF can also put whoever they want on the WEF website (like Tulsi Gabbard) to smear them and cause confusion. It’s pure information warfare. They’re losing and have to use propaganda, otherwise they admit defeat. If you’re losing you can never show it. That’s just basic politics.
For the risk of redundancy, the bottom line is that Schwab can say whatever he wants because that is all Davos has left. When you’re losing in politics, the number one rule is to never show weakness. The point is that other than the Davos appointed leadership in the EU, everyone hates Davos. There is a populous uprising and we’ve seen that in the yellow jacket protests, and the Meloni victory. What drives me crazy is people seeing Schwab say something and then assume that’s the reality, rather than merely a defensive narrative.
You’re buying into the misinformation campaign they’re selling.
He’s selling you a psyop.
Don’t buy the psyop.
Scam Bankman Fraud Made Off?
SBF seems to be getting a soft treatment (to say the least) in regards to the mass financial crime he has committed thanks to his money laudering scheme via FTX. Not surprising. I’ve written extensively on this topic in The Rise and Fall of Sam Bankman Fried: The SUM Report 11-13 | QPOL Issue #21. As predicted I figured he would get off easily, seeing that he was simply a front for Davos money laundering operations and he was surely not working alone.
What’s interesting since the FTX blowup is that there’s been more light shed on my hypothesis that FTX was taken out because their stable coin was in direct competition with the US dollar (see link to my article above).
It’s important to clarify that FTT was not yet a stable coin. FTT was a token loosely modeled after Binance’s BNB token with an elastic valuation. This is different from their end-goal of having a US dollar based stable coin pegged at $1 valuations supposedly backed by dollars or treasuries etc. Alameda/FTX’s decision to open Moonstone banks and work with Deltec (Tether) was an initial step forward for them to create their stable coin.
Further digging is needed, but there is definitely a stable coin war among us against the globalist powers that be and their control over financial dominance. It seems there’s a strong Tether connection in all stable coin projects and rumors that Tether may be the next stable coin project to blow up are rampant. Is this just more Tether FUD, or is there some merit to this? Who even runs Tether and who benefits?
I stand by my hypothesis that it’s the NY banks and the Fed. Controlling Tether is how they maintain global dollar dominance and further supports their quest to take out all competitors to the dollar by destroying all heads that remain of the offshore dollar market. Time and research will tell. What is certain is that the Fed shows no signs of lowering rates any time soon, which is the only way Davos and their market chaos is fully put to rest. This will rein in the Fed’s financial “great reset” that the markets and society both desperately need.
~ Phil Gibson
Lots of info about Tether in this Revolver piece. I suppose you've already seen it?
https://www.revolver.news/2022/11/sam-bankman-fried-ftx-on-steroids-is-cryptocurrency-tether-joe-biden-crypto-bcci/