I’ve been doing a ton of media over the last week (and I have a lot more coming, so follow me on Twitter to get all the updates, at least until they finally whack me there). This is one I did yesterday with Joachin Flores and Tim Kirby trying to tie everything together that I wrote about in yesterday’s blog.
Thanks to Putin’s War In Ukraine the Race is on for the Great Reset
Importantly, we discuss some points I haven’t been able to shoehorn into recent blogs because they were already so massive.
The first thing is the JCPOA negotiations in Vienna. They are pushing rapidly to conclusion now in order to stabilize oil markets by trying to offset voluntary embargoes of Russian oil with newly-released Iranian production.
There are a couple of problems with this calculus, not the least of which is that Iran’s oil sector will not be able to just spin up another 1.5 million bbls/day before Russia responds in ways I discussed in the article linked above, i.e. offering oil for gold well below ‘market price.’
The second big issue is along the same lines, which is the US making diplomatic overtures to Nicolas Maduro in Venezuela to life sanctions on his country. Remember it was Trump’s ill-conceived blockade of Venezuela which prompted US importers to begin buying huge amounts of Russian Urals grade as replacement barrels.
Why would we do that if we hate Russia so much? And it’s not, shitlibs, because Trump loves him some Putin man meat, you congenital morons. It is simply because the Gulf coast refineries are tuned for refining that Venezuelan sludge they mainly produce. It’s known as heavy-sour oil. And Russian Urals grade is the closest competitor to it on the global market.
That’s why US imports of Russian oil surged over the past two years. And it is also why since this conflict has been pushed into reality the prices at the pump in the US have skyrocketed as US imports of Russian oil fell to nearly zero in the days leading up to Putin’s decision to invade Ukraine.
The big question on anyone’s mind here is why would either Iran or Venezuela ever trust the US on any issue related to the weaponization of access to financial markets ever again? In fact, why would they even talk with these people unless they already have cut-outs and work-arounds already in place.
I recommend reading this piece I wrote in May of 2021 to see what Klaus is thinking and why he’s in serious trouble now that Iran is no longer run by so-called moderates like Hassan Rouhani.
Remember, Iran was selling oil via Russia through a ‘goods-for-oil’ program since Trump went full Neocon-retard in 2018. Who was there to help Iran weather Hurricane Trump? Putin.
Same thing for Maduro.
If anything, the final version of the JCPOA that takes shape that O’Biden and Davos agree to will be one which ensures that Europe is still on the receiving end of Putin’s boot up their geopolitical ass.
hopefully, Venezuela will insist upon reparations up front.
The first JCPOA was merely a gentleman (COUGH!!!) agreement between Obama and some Iranian diplomats. Nothing more.
If you watched schoolhouse rock as a child, or God forbid you read the actual laws on the matter, a treaty involving the USA must be debated in the Senate. Senators must go home and “consult” with their constituents (or at least pretend to). And then a treaty must be approved by a 2/3rds majority of the Senate.
Obama never even submitted JCPOA to the Senate. Ergo there never was a treaty.
Obama bribed Iran with a palette full of cash on TV. I don’t know Iranian law, but usually middle easterners like to pretend everything was on the up and up. Bribes are frequent, but they are done quietly behind the scenes. Putting the bribe on TV makes it look like a propagada act; the Iranians just wanted to humiliate the great satan not enter a treaty.
There was never any treaty in the first place.
The Russians have been attaching all sorts of riders and caveats and anti-embargo clauses into JCPOA 2.0…. So Biden will have to back down on all his Putin bile if he wants to have another worthless gentlemans’ agreement.
What are the odds our little dementia patient will even submit this new diatribe of bullsh!t to the Senate? What are the odds that the Senate, in an election year, will tell their constituents that Washington has billions for Iran, but US voters/taxpayers get a tax increase?
Iran has figured out how to muddle along even under massive US sanctions. Russia is now under many of the same sanctions. China is worried they are next. Brazil and India are worried… there is already a few billion people on the planet who are doing just fine under US sanctions. They aren’t going to suddenly make concessions, no matter what a piece of paper says.
China is already buying Iranian oil, and each year they buy more. Oil is a global market. Iranian oil is already in the markets, even if the politicians claim otherwise. There won’t be any new surge in supply, because Iranian supply is already in the system
The russians already delayed the conclusion of the jcpoa. Lavrov said that because Russia was sanctioned, it could not accept and process Iran’s uranium as the jcpoa requires, hence the deal can not be signed at the moment, so USA cannot access Iran’s oil yet. Besides China buys already all Iran oil and is Russia who extract and buy all Iran natural gas since about a year back. So not much for USA to get there.
India formally announced they will continue to trade with Russia, buying Russian gas, oil, fertilizer and weapons systems. Washington DC should mind their own business. India announced the trade would likely happen in rupees, but some might be denominated in rubles and/or gold.
The leftist Davos rag “the Atlantic” is reporting that Saudi Crown Prince Mohamed bin Saud (MbS) said he doesn’t care what Biden thinks, and Washington should buzz off.
Last year, when Washington claimed to have “evidence” that supposedly proved MbS ordered WaPo reporter Jamla Koshoggi killed. Like so many claims out of Washington, the world was supposed to just accept this conclusion — no evidence was actually provided. That doesn’t mean MbS killed or didn’t kill Koshoggi, it means no evidence was provided.
Bumbling Biden promised to make MbS an “international pariah”, much like Biden is now promising of Putin.
A few months later, Biden called MbS and demanded Saudi Arabia increase oil supplies to the world, to combat the “transitory inflation” that has since proven anything but transitory.
In a matter of months, Biden went from saying MbS was a murderer and a pariah, to Biden begging for more Saudi oil.
The US made lots of noise about the Saudi – Yemen (Iran really) war. Biden was going to cut the Saudi’s off from weapons… DOH!!! That didn’t happen. Raytheon and Lockheed Martin and General Dynamics told Biden to go piss off. Weapons sales continued.
Saudi Arabia, supposedly an important US ally not withstanding the Koshoggi murder or the Yemen stuff, flat out refused to condemn Russia’s invasion of Ukraine. Saudi will continue to trade with Russia and continue work with Russia on controlling global oil supplies. MbS flat out said he doesn’t care what Biden thinks.
US allies such as India and Saudi Arabia are not cutting ties to Russia. Turkey is the second largest military in NATO, but after the assassination attempt Erdogan isn’t cutting ties. China is trading with Russia, and Iran. Germany is rightfully terrified of the fertilizer shortage this summer, and the nat gas shortage next winter — Germany has refused to cut off energy trade with Russia.
In a few months, will Biden be begging Putin for a favor, like he did last year with the “international pariah” MbS?
The globalists know this is all kayfabe, but they are trying to preserve their reputations here – if they want us to trust them to save us with their Great Reset, they need to be seen to be “trying everything” before they pull the plug (which they can now blame on Putin)
Which is why the Fed and its mouthpieces are loudly proclaiming their intentions to raise rates, even now (didn’t Jamie Dimon recently forecast SEVEN rate hikes? Methinks he doth protest far too much) – they know damn well no such thing can happen without destroying markets and government debt servicing capabilities.
But none of that matters now – their controlled demolition of the global financial system is imminent.
They just want us to think they stayed at their posts fighting the good fight, so that we turn to THEM once the lights have been out for a month.
Like Axe in Backdraft, the Davosians are arsonists who will soon pretend to be firemen.
Venezuela’s gold, stolen by the Bank of England? I think it was $6B.
Tom–your video appearance on The Strategy Session was magnificent! I highly recommend that anyone with the time take an hour to watch this.
As a bass player, first time I noticed the sweet richenbacher in the background. Keep meaning to play one of those.
“Money is a form of energy” and it is about “Energy density” are two truths that I have learnt the hard way over time. I have lived off grid for many years and after starting as a true believer in PV and wind I can say this,….. give me a choice between a solar panel and a diesel generator and I will take the diesel generator anytime. We are so deluded in Australia about ‘green’ energy utopia that we are shutting down multi megawatt coal fired generators and putting in,…… big batteries! God help us, preferably in the form of a few nuclear power plants! However it looks as though we have to learn the lessons the hard way. Maybe VVP will help educate us in this. Thanks for the discussion Tom, great. Keep playing the guitar.
Wow!!!
If anyone is trying to decide about investing an hour of their time to watch this, this is what I learned:
I have been looking for a definition of money for 20 years.
Q: What is Money?
A: Tokenized Energy.
And that integrates the scientific, economic and social definitions. The ability to store, transfer and do work.
So, if you have the energy (oil) you don’t need the tokens and/or you can insist upon how energy is tokenized. (i.e. a gold backed ruble)
Amazing!
Furthermore, to use the analogy of a Super-Tanker: Davos/WEF, Biden and the West are in the bridge (fighting for control), believing they run the ship …while, below deck, Russia and China (and all of the other nations that agree with them) are in the process of cutting off the bridge from the engine room and the rudders.
Brilliant!!!
*In addition to Russia having the “oil”, China has the “factories”. And the West has the “tokens”. It isn’t hard to see how this is going to go when it all breaks apart.
**And if you look at what the West has become politically, culturally and militarily, can you blame the rest of the world?
This video only has ~4000 views, it should have 1000 times that number. Well worth the entire hour! IMHO