I want to recommend a good piece at Conservative Tree House, which I read every day.
It is this post which connects a few dots.
This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers. This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime. Ultimately supporting Russia’s battle against NATO encroachments.
The war in Ukraine, which probably would not have begun if Trump was president, led to a war of economic interests. The western democracies have invested their future in “climate change,” which used to be “global warming” before the failure to warm made that slogan obsolete. Climate change has evolved into a war on energy production. The Biden regime now has even gone after gas stoves. Since I just bought one, I have an interest. Now, they seem to be going after washing machines. Ours has failed recently so I had better be quick to replace it.
The recent Credit Suisse bank crisis is complicated by the refusal of its largest shareholder, the Saudis, to help with a bail out. Why would this be ? This brings up the topic of BRICS. This is a new financial combination made up of Russia, China, Brazil, India and South Africa.
The BRICS were originally identified for the purpose of highlighting investment opportunities and had not been a formal intergovernmental organization.[6] Since 2009, they have increasingly formed into a more cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies;[1] China hosted the most recent 14th BRICS summit on 24 July 2022. Bilateral relations among the BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.[7]
Why would Russia be seeking an alternative to the G7 since 2009? Maybe the increasing rivalry with the US and NATO?
In March 2014, at a meeting on the margins of the Nuclear Security Summit in The Hague, the BRICS Foreign Ministers issued a communique that “noted with concern, the recent media statement on the forthcoming G20 Summit to be held in Brisbane in November 2014. The custodianship of the G20 belongs to all Member States equally, and no one Member State can unilaterally determine its nature and character.” In light of the tensions surrounding the annexation of Ukrainian Crimea by Russia, the Ministers remarked that “The escalation of hostile language, sanctions and counter-sanctions, and force does not contribute to a sustainable and peaceful solution, according to international law, including the principles and purposes of the United Nations Charter.”[36] This was in response to the statement of the then Australian Foreign Minister Julie Bishop, who had said earlier that Russian President Vladimir Putin might be barred from attending the G20 Summit in Brisbane.
So, who started this ?
Now, the Saudis and Iran plan to join BRICS It seems a new alliance is forming.
an alliance based on energy policy.
Again, I go back to the geopolitical map. The yellow nations with sanctions against Russia are also the yellow nations driving the ‘Build Back Better’ climate change energy policy. The grey nations are not in alignment with either dynamic. It is not a coincidence the banking issues are all within the yellow nations.
Another way to describe these alliances is the yellow countries are all in for “climate Change” and elimination of “fossil fuels.” Those in gray are either fossil fuel producers or are in favor of continuing the conventional uses of energy.
Yellow Team -vs- Gray Team: Remember, China just brokered a deal to lessen hostilities between Iran and Saudi Arabia. The fulcrum of that agreement was economics.
Meanwhile in North America, Mexican President Andres Manuel Lopez-Obrador has said he was not willing to join the energy suicide pact pushed by Joe Biden and Justin Trudeau…. A policy break in the trilateral relationship which suddenly, and not coincidentally, aligns with the timing to make Mexico a pariah to the U.S. vis-a-vis a renewed media push on the drug cartel narrative.
BIG PICTURE NOT BEING DISCUSSED – The western politicians followed the climate change instructions of the WEF multinational corporations and banks (Build Back Better) and post-pandemic immediately started reducing energy development. The central bankers then began raising interest rates to shrink the economies of the same western nations to the scale of the now diminished energy production.
The raising of interest rates, while late in the present circumstances, is the conventional way to fight inflation. I have memories of 21% mortgage rates in 1980. However, we have never seen levels of national debt like this since World War II and even then it was held by US citizens with war bonds. We are in uncharted territory economically and I see no recognition of the plight we are in by the Marxists currently running our country. The climate delusion, if not refiuted at some point, is a suicide pact by the West.
Biden’s promise to refund all deposits, even those above the statutory limit of $250,000. “nationalizes all bank deposits,” and resembles the South Sea Bubble of 1720.
Then, in 1720, parliament allowed the South Sea Company to take over the national Debt. The company purchased the £32 million national debt at the cost of £7.5 million. The purchase also came with assurances that interest on the debt would be kept low.
Interesting how history repeats itself, first as tragedy and then as farce,
Tags: China, Democrats, economics, energy policy, global warming, science