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Biden’s Crime Against the Economy

Biden’s Crime Against the Economy

I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can’t avoid it because political policies can have significant economic impacts. Today is one of those times.

One of Joe Biden’s first acts as President was to kill construction of the Keystone XL pipeline. This is a pipeline that would bring oil from the tar sands of Alberta, Canada to the Midwest United States. From there it would be moved through other pipelines or refined and distributed to gas stations and industrial users in America.

Biden’s decision was destructive for a long list of reasons.

The immediate impact was to kill about 10,000 high-paying union jobs with benefits in construction, transportation and expert services. The ripple effects were even greater. Once a pipe delivery operation is killed, the trucking company and pipe manufacturer lay off more personnel and those workers stop spending at local restaurants and so on.

But killing the pipeline accomplishes nothing from an environmental standpoint. The decision to end the pipeline is pointless because the oil still moves out of Alberta. In the absence of a pipeline, the oil moves by railroad tanker cars on rail lines owned by Warren Buffett.

Pipelines Are Better for the Environment

It’s just that the railroad uses more energy and has higher CO2 emissions than a pipeline. If you cared about the environment, you’d favor a pipeline over railroads. But opponents don’t really care about the environment, they just want to shut down the oil and gas industries completely.

Shutting the pipeline is a step in that direction. Claims about local environmental damage and crossing Native American tribal areas were just feel-good red herrings. The goal was always just to kill the pipeline. Mission accomplished. Now, the Biden administration may have done more damage than thought at first.

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Biden’s Attack on the Press – Same as Lenin

The Washington Post and New York Times should look at history. They may have waged war to get rid of Trump and cheered all night long when Biden was declared the winner. But little did they realize that those in Washington behind the curtain pulling all the strings in the Biden Administration are not about to allow the press to do to them what they willingly did to Trump should they suddenly wake up and smell the red stain Marxist roses. Fred Ryan, a publisher of The Washington Post, has come out complaining about Biden’s attack upon the press that helped him get in power.

Journalists are suddenly discovering that they are being targeted aggressively under the new Biden Administration. Biden’s Justice Department has pursued subpoenas for reporters’ email logs issued to Google, which operates the New York Times’ email systems. Biden’s Administration has even imposed a gag order compelling a New York Times’ attorney to keep remain silent about the fact that federal authorities were seeking to seize his colleagues’ records. Biden has even barred the New York Times executives from discussing the legal battle with the New York Times’ newsroom, which means they cannot even report when is going on. So much for freedom of the press and the First Amendment.

In November the Bolshevik government issued the Decree on the Press which closed down many opposition media outlets which were deemed counter-revolutionary; the decree was widely criticized, including by many Bolsheviks themselves, for compromising freedom of the press although the Council of People’s Commissars ( Sovnarkom) said that the measure would only be temporary, which was a lie. (Pipes, Richard (1990). The Russian Revolution: 1899–1919 id/pp. 521–522; London: Collins Harvill. ISBN 978-0-679-73660-8.)

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Biden’s Climate Plan: It’s Too Late for Gradualism

Biden’s Climate Plan: It’s Too Late for Gradualism

Photograph by Nathaniel St. Clair

President Biden gave us his climate plan on March 31. It was buried inside his American Jobs Plan. The 12,000-word Fact Sheet about it released by the White House hardly acknowledges the climate emergency. The plan is presented as a jobs through infrastructure program.

The climate emergency demands a radical and rapid decarbonization of the economy with numerical goals and timetables to transform all productive sectors, not only power production (27% of carbon emissions), but also transportation (28%), manufacturing (22%), buildings (12%), and agriculture (10%). That emergency transformation can only be met by an ecosocialist approach using public enterprise and planning.

Instead, Biden’s plan emphasizes corporate welfare: subsidies and tax incentives for clean energy that will take uncertain effect at a leisurely pace in the markets. Moreover, it does nothing to stop more oil and gas fracking and pipelines for more gas-fired power plants, or to shut down coal-fired power plants. Without out directly saying so, it is a plan to burn fossil fuels for decades to come.

The scale of spending falls pathetically short of what is needed to decarbonize the economy. An effective plan would not only reach zero emissions on a fast timeline. It would also move quickly toward negative emissions, drawing carbon out of the atmosphere because we are already at a carbon level that is triggering dangerous climate change.

Climate Emergency

It’s too late for gradualism. We must at least aim for the “initial target” of 350 ppm (350 parts per million of carbon dioxide in the atmosphere) that was proposed 13 years ago by climate scientists James Hansen and colleagues in a 2008 study. Even in that research report Hansen et al. concluded that 300-325 ppm “may be needed to restore sea ice to its area of 25 years ago.”

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Biden’s Policy to Double Gasoline Prices

Biden’s objectives, or should I say the people really running his administration which does not include even Harris, is to DOUBLE gasoline prices which is Part-B of this plan to “Build Back Better” which first requires you to destroy the economy as it currently exists. Part A was using the lockdowns to end commuting and force the bulk of the people to work remotely. That would end commuting. Part B is to double the price of gasoline by shutting down pipelines and preventing drilling wherever possible. Of course with state taxes on top of gasoline, as you can see reaching $5 to $6 in California has been accomplished.

On the futures, the major resistance stands at the 2.20 level. We can easily see gasoline prices rise to test the $4 to $5 level by 2023. I have been warning that this election was NEVER between Trump and Biden – this was about a major change and the agenda was coming from a coordinated effort spearheaded by the World Economic Forum.

joe biden, gasoline prices, united states, world economic forum, wef, martin armstrong, armstrong economics

Germany’s Political Crisis and the Future of Nord Stream 2

GERMANY’S POLITICAL CRISIS AND THE FUTURE OF NORD STREAM 2

Germany’s Political Crisis and the Future of Nord Stream 2

In a Blinken of an Eye

The Biden Administration entered the White House accompanied by hopes that it would return to some kind of normal in its relations with the European Union. While Biden, unlike Obama, would not score a Nobel Peace Prize solely for his existence, his victory was warmly welcomed in capitals around Europe as a sign that liberalism would vanquish populism ushering in a new era of “business as usual” in the form it was practiced during the Obama Administration.

Once in office, however, the Biden Administration has been working overtime in order to dispel any notion of a relationship of mutual respect between two more or less equal allies, US and EU. Instead, Biden officials have acted as if US and EU are a contemporary version of the Austro-Hungarian Empire, two countries with ostensibly separate political systems linked by a personal union in the form of the Emperor (Biden), held together by a common army (NATO) whose main task is preventing any separatism by “Hungary” (the EU) and whose foreign policy is made wholly in “Austria” (United States). Events like Brexit merely represent a part of the empire moving from “Hungary” to “Austria” for a variety of cultural and racial reasons. In practice it meant that, in addition to Biden replying affirmatively to a court journalist’s question whether Vladimir was a “killer” and Blinken provoking a major row with a Chinese delegation by informing them the US intended to deal with China from a “position of strength”, Blinken also issued a blunt warning to European companies working on Nord Stream 2 could be subject to US sanctions if they did not immediately withdraw from the project.

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J.Hawk, SouthFront, nordstream 2, germany, oil and gas industry, nato, united states, joe biden, russia

 

Biden’s Ukrainian “Putin Push” May Lead To World War III

Biden’s Ukrainian “Putin Push” May Lead To World War III

NATO Has Slowly Expanded Towards Russia

Biden was in charge of much of the “Ukraine project” during Obama’s time in office. In recent weeks President Biden has been saying some rather mean-spirited things about Russia’s President Vladimir Putin. Now Russian state sources are alleging that Washington under the Biden administration is ramping up military aid to Ukraine. This comes after the media observed the Ocean Glory, a US cargo ship, began delivering 350 tonnes of military equipment, including tactical vehicles, at Ukraine’s Odessa port. Ukraine’s Dumskaya news agency said the American vessel carried at least 35 US military humvees for Ukrainian national forces.

Adding Ukraine to NATO and the EU is a long-held dream of neocons like Victoria Nuland and neoliberals like Biden. This is also important to those supporting the World Economic Forum’s desire to expand the EU and encircle Russia. They feel such an action would disrupt any dreams of Eurasian integration which could resist their strategy to reshape the way the world is governed. Putin’s foreign policy, coupled with efforts to rebuild the Russian military, has been part of an effort by the former KGB officer to boost Russia’s standing on the world stage. This has helped make him popular with his people even as Nato has slowly been expanding in the direction of Russia, but also makes him a thorn in the side of the NWO gang.

Interestingly, this delivery of military equipment occurred near the time Ukrainian President Volodymyr Zelensky, was signing Decree No. 117/2021. The decree activates the Ukraine Army to recapture and re-unify with Ukraine, the autonomous region of Crimea, and the city of Sevastopol. The military has been instructed to use “hybrid warfare” to re-conquer these former parts of Ukraine...

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bruce wilds, advancing time blog, joe biden, ukraine, world war 3, world war, war, united states, us government

Putin’s Warnings at the World Economic Forum

Putin’s speech at the World Economic Forum was quite insightful. He said that we “are seeing a crisis of the previous models and instruments of economic development. Social stratification is growing stronger both globally and in individual countries. We have spoken about this before as well. But this, in turn, is causing today a sharp polarisation of public views, provoking the growth of populism, right- and left-wing radicalism and other extremes, and the exacerbation of domestic political processes including in the leading countries.”

While referred to the crisis as being similar economically to the Great Depression, he pointed out that it is “inevitably affecting the nature of international relations and is not making them more stable or predictable. International institutions are becoming weaker, regional conflicts are emerging one after another, and the system of global security is deteriorating.” Indeed, the Hillary allegations that turned the 2016 election into a joke where she manufactured evidence to claim she lost because of Putin, has done far more damage as resurrected the cold war. Putin warned that “the situation could take an unexpected and uncontrollable turn – unless we do something to prevent this.” Biden has immediate sent troops to Syria and ordered the building of a new base there.

Putin elaborated: “There is a chance that we will face a formidable break-down in global development, which will be fraught with a war of all against all and attempts to deal with contradictions through the appointment of internal and external enemies and the destruction of not only traditional values such as the family, which we hold dear in Russia, but fundamental freedoms such as the right of choice and privacy.”

 

Biden DOJ Files Appeal to Get Assange Extradited 

Biden DOJ Files Appeal to Get Assange Extradited 

The U.S. has filed an appeal with the High Court in London to reverse a decision by a British judge not to extradite the WikiLeaks publisher on health grounds.

The liberal administration of Joe Biden proved itself to be no less an enemy of press freedom than Donald Trump when it filed an appeal at the UK High Court on Friday to get their hands on the journalist Julian Assange.

The appeal seeks to overturn a decision by Magistrate Vanessa Baraitser, who on Jan. 4, ruled that the WikiLeaks publisher was at heightened risk of suicide if he were to be extradited to the United States and face life in a U.S. super max prison.

Amnesty International on Thursday had joined an array of press freedom and human rights organizations, including Reporters Without Borders and Human Rights Watch, in urging the Biden administration to drop the case against Assange.  But it fell on deaf ears in Washington.

Biden was vice president in the Barack Obama administration, which decided not to prosecute Assange in 2011 essentially on press freedom grounds, reasoning that if it indicted Assange for journalistic activity, then it would have to also prosecute The New York Times and other mainstream media for the exact same activity.  Biden has broken with his former administration.

Biden had another opportunity to show that he was the “decent” man his supporters say he is and to dissociate himself from the illiberal, indeed, extremist views of his predecessor.  Instead this decision is in line with a politician who was the most important Democratic proponent of the illegal invasion of Iraq, whose war crimes Assange exposed.

consortium news, julian assange, wikilieaks, united states, us doj, us department of justice, joe biden

When America Voted Out Fascism: Notes From The Edge Of The Narrative Matrix

When America Voted Out Fascism: Notes From The Edge Of The Narrative Matrix

Biden may be trying to extradite a journalist for exposing US war crimes, and he may be inflicting mass murder and starvation sanctions on disobedient governments around the world to ensure perpetual global domination, but at least America voted out fascism.

The “two” party puppet show is always fake. Always, always, always, always. When you get really into a movie you forget it’s a movie. You don’t see the screen, you don’t see the actors; you’re enthralled by the show. Getting caught up in the puppet show is the same: buy into any part of it and you lose sight of reality. As soon as you mentally reify it because you really like this or that Democrat or really hate this or that Republican, you lose your ability to see what’s happening. You lose sight of the puppeteers and the strings as you clap along with the performance like a child.

There is no meaningful difference between a government with one status quo-enforcing party and a government with two status quo-enforcing parties.

We inhabit two worlds: the real world and the narrative world. In the narrative world, the US drastically changed on January 20th. In the real world―the world minus its narrative soundtrack―all the money, weapons, troops and people are moving basically the same as they were on January 19th.

If President Biden had all the exact same policies and positions but an (R) next to his name, American conservatives would be ferociously defending him from liberal attacks. If parallel universes exist this is definitely happening in one of them.

The most dangerous predators are the ones you don’t see. It’s true in nature, it’s true in interpersonal relationships, and it’s true in politics.

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Rabobank: The Everything Bubble Has Become More Everything And More Bubble

Rabobank: The Everything Bubble Has Become More Everything And More Bubble

Oh-No-Bi-Wan Kenobi

For those who haven’t seen it –and I accept there are now probably many readers who haven’t– there is a classic scene in the first Star Wars film (Episode IV) in which Jedi Master Obi-Wan Kenobi tells his villainous duelling opponent, his former apprentice, Darth Vader: “You can’t win, Darth. If you strike me down, I will become more powerful than you can possible imagine.” Darth being Darth of course strikes him down: and Kenobi disappears entirely, leaving only his outer garment (but no shoes or underpants, etc.). So it looks like Darth has won the fight. Except Kenobi goes on to become an immortal ‘Force ghost’, who like a happier Banquo, helps guide Darth’s son to blow up the mega battle-station he has until then been prowling up and down menacingly.

We are less than a month into the Biden administration, and despite a slight down-day for stocks on Tuesday, it is quite clear, according to a slew of commentators, that the Everything Bubble has become more Everything and more Bubble. The Federal Reserve and other global central banks are still pouring their fully operational firepower into the economy, fully aware that little of this flows to productive assets or wages, and most of it to speculation: but when financial/asset speculation IS most of the ‘economy’, that looks like victory to them. Indeed, doesn’t it feel like victory to those who speak Bloombergian? There is more money than ever; a major global airline has decided you don’t have to wear masks in business or first class on long-haul flights; and the luxury Maldives is seeing record hotel occupancy!

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Biden Continues Trump’s War On The Press

Biden Continues Trump’s War On The Press

Just one day after a coalition of prominent civil rights groups made headlines with a letter urging the Biden administration to drop efforts to extradite WikiLeaks founder Julian Assange to the United States on espionage charges, the Biden administration has announced its intention to continue those efforts.

“Justice Department spokesman Marc Raimondi on Tuesday said the U.S. government will continue to challenge a British judge’s ruling last month that Assange should not be extradited to the United States because of the risk he would commit suicide,” Reuters reports.

“We continue to seek his extradition,” Raimondi said.

Assange’s arrest and subsequent charges under the Espionage Act in 2019 for what amount to standard journalistic practices which exposed US war crimes marked both a dramatic escalation in the US empire’s war on critical national security journalism and a sharp divergence from the Obama administration’s decision not to pursue such charges in this case. Biden is not just upholding Trump’s assault on press freedoms (far and away the single most egregious attack on journalism in the 45th president’s entire four years in office), he is rejecting the Obama administration’s decision not to charge Assange due to concerns that it would erode the First Amendment.

As The Washington Post reported during Barack Obama’s second term in 2013:

“The Justice Department has all but concluded it will not bring charges against WikiLeaks founder Julian Assange for publishing classified documents because government lawyers said they could not do so without also prosecuting U.S. news organizations and journalists, according to U.S. officials.”

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NY Times Calls For Biden to Appoint “Reality Czar” to Fight “Misinformation”

NY Times Calls For Biden to Appoint “Reality Czar” to Fight “Misinformation”

Here comes the Ministry of Truth.

Drew Angerer via Getty Images/Composite

The New York Times has amplified claims by “experts” who are calling for Joe Biden to appoint a “reality czar,” prompting critics to compare the idea to the Ministry of Truth in George Orwell’s 1984.

In an article entitled ‘How the Biden Administration Can Help Solve Our Reality Crisis’, the NYT’s Kevin Roose cites “experts” who are calling on “the Biden administration put together a cross-agency task force to tackle disinformation and domestic extremism, which would be led by something like a “reality czar.”

The job of this “reality czar” would be to head up “a centralized task force could coordinate a single, strategic response” to things like COVID-related and election fraud “conspiracy theories.”

“This task force could also meet regularly with tech platforms, and push for structural changes that could help those companies tackle their own extremism and misinformation problems. (For example, it could formulate “safe harbor” exemptions that would allow platforms to share data about QAnon and other conspiracy theory communities with researchers and government agencies without running afoul of privacy laws.) And it could become the tip of the spear for the federal government’s response to the reality crisis,” states the article.

“Ah, the Ministry of Truth. I’ve been waiting for this one,” responded Raheem Kassam.

While the Orwell comparison has become something of a cliché, in this instance its the best available.

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Denouncing ‘Handouts to Big Oil,’ Biden Calls on Congress to End $40 Billion in Taxpayer Subsidies for Fossil Fuels

Denouncing ‘Handouts to Big Oil,’ Biden Calls on Congress to End $40 Billion in Taxpayer Subsidies for Fossil Fuels

“Biden campaigned on eliminating fossil fuel giveaways, and voters agree by a huge margin,” said one climate activist.

Special Presidential Envoy for Climate John Kerry listens as President Joe Biden speaks on tackling climate change in the State Dining Room of the White House in Washington, D.C. on January 27, 2021.

Special Presidential Envoy for Climate John Kerry listens as President Joe Biden speaks on tackling climate change in the State Dining Room of the White House in Washington, D.C. on January 27, 2021. (Photo: Mandel Ngan/AFP via Getty Images)

In a speech Wednesday outlining his new executive actions aimed at confronting the “existential threat” of the climate crisis, President Joe Biden said he plans to ask the Democrat-controlled Congress to pass legislation eliminating the tens of billions in taxpayer subsidies the federal government continues to hand Big Oil even as the planetary emergency wreaks havoc in the U.S. and across the globe.

“Unlike previous administrations, I don’t think the federal government should give handouts to Big Oil to the tune of $40 billion in fossil fuel subsidies,” said Biden. “I’m gonna be going to the Congress and asking them to eliminate those subsidies.”

While the president did not offer specifics on what he would want a potential bill to look like, Rep. Ilhan Omar (D-Minn.), Sen. Bernie Sanders (I-Vt.), and other progressive lawmakers introduced legislation last year that proposed ending direct federal subsidies to the fossil fuel industry and “abolishing dozens of tax loopholes, subsidies, and other special interest giveaways littered throughout the federal tax code.”

The lawmakers estimated the End Polluter Welfare Act would save taxpayers up to $150 billion over the next decade.

Watch Biden’s remarks:

Biden’s call for legislative action on fossil fuel subsidies came just before he signed an executive order that, according to a White House summary, “directs federal agencies to eliminate fossil fuel subsidies as consistent with applicable law”—a move that would not touch handouts mandated by Congress.

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Conservatives Must Now Draw A Line In The Sand And Stop The “Great Reset”

Conservatives Must Now Draw A Line In The Sand And Stop The “Great Reset”

There are many millions of Americans today in the post-election environment that feel uneasy about the fate of the country given the rise of a Biden presidency. And though I understand why this tension exists, I want to offer a possible “silver lining”; a different way of looking at the situation:

With Biden in the White House, there is no longer any ambiguity about what conservatives (and some of the more courageous moderates) need to do and need to accomplish. Now we know where we stand, and now the stakes are clear.

With Trump in office, a lot of liberty minded people became a little too comfortable, to the point that they were inactive. They actually believed the system could be repaired and corruption ended from within, and without much effort on our part beyond our votes. Trump made many conservatives lazy.

Then there was the Q-anon-sense floating around on the web which also misled some freedom activists into thinking that people much higher placed or “smarter” than us were fighting the good fight behind the scenes and that the globalists would be swept up in a grand 4D chess maneuver. This was a fantasy; it was never going to happen. Finally, everyone knows this and we can get on with the business of fighting the real battles ahead.

I think we are reaching a stage in the conflict between freedom advocates and collectivist tyrants when many illusions are going to melt away, and all we will be left with is cold hard reality. Now is the time when we find out who is going to stand their ground and fight for what they believe in, and who is going to cower and submit just to save their own skin. Now is the time when we find out who has balls.

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You Counter Trumpism By Ending The Conditions Which Created It, Not With Authoritarian Policies

You Counter Trumpism By Ending The Conditions Which Created It, Not With Authoritarian Policies

The US political/media class have been pushing hard for more authoritarian policies to stave off the threat of “domestic terrorism” in the wake of the Capitol riot. President Biden, who was already working on rolling out new domestic terror policies well before January sixth, confirmed after the riot that he is making these new measures a priority. Political internet censorship is becoming increasingly normalized, anti-protest bills are being passed, and now we’re seeing liberals encouraged to form “digital armies” to spy on Trump supporters to report them to the authorities.

And an amazingly large percentage of the US population seems to have no problem with any of this, even in sectors of the political spectrum that should really know better by now.

“What else can we do?” they reason. “What other solution could there possibly be to the threat of dangerous fascists and conspiracy theorists continuing to gain power and influence?”

Well there’s a whole lot that can be done, and none of it includes consenting to sweeping new Patriot Act-like authoritarian measures or encouraging monopolistic Silicon Valley plutocrats to censor worldwide political speech. There’s just a whole lot of mass-scale narrative manipulation going on to keep it from being obvious to everyone.

The way to stem the tide of Trumpism (or fascism, or white supremacism, or Trump cultism, or whatever term you use for what you’re worried about here) is to eliminate the conditions which created it.

Trump was only able to launch his successful faux-populist campaign in the first place by exploiting the widespread pre-existing opinion that there was a swamp that needed draining, a corrupt political system whose leadership does not promote the interests of the people.

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Olduvai IV: Courage
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Olduvai II: Exodus
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