Author: Author1

Assessment: Does ‘pot hole’ Pete’ know that electricity is not free? Does he know that the cost of an EV can be significantly more expensive than a gas powered car? I don’t think he does.

When will we ever learn not to fret over what’s going on in the world? Our Democrat party overlords know what’s best for us, and all we have to do is simply follow their suggestions. After all, their solutions are so simple.

Take high gas prices for example. So many of us peons worry about the skyrocketing price of gas at the pump, but America’s brilliant Secretary of Transportation Pete Buttigieg has a fix for gas prices that’s so easy it’s almost ridiculous. Why, you just need to buy an electric vehicle, you silly goose.

“A fool takes no pleasure in understanding, but only in expressing his opinion.” Proverbs 18:2 ESV

(South Bend Indiana potholes )

“Clean transportation can bring significant cost savings for the American people as well,” Buttigieg said in a speech. “Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging network so that people from rural to suburban to urban communities can all benefit from the gas savings of driving an EV.”

Pete Buttigieg wants people to simply buy an electric car so they don't have to worry about rising gas prices. pic.twitter.com/VBcIfRotvE

— TheBlaze (@theblaze) March 7, 2022

Why worry about high gas prices when Mayor Pete comes to the rescue with a big ol’ fistful of taxpayer money? Those EV charging stations will be ready to go when you are … eventually, that is.

Read More @ PJ Media  HERE

Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy while raising inflation.

The Dow Jones Industrial Average lost about 720 points, or 2.1%. The S&P 500 declined 2.6%, falling deeper into correction territory. The 500-stock average sits nearly 12% from its record close. The Nasdaq Composite lost 3%, and not sits 19% from its all-time close.

As the Russia- Ukraine war continues, investors are monitoring the potential economic ramifications of disruptions in the global supply of energy.

“Consequently, ‘stagflation’ is rapidly becoming the central focus in portfolio strategies,” said Jim Paulsen, chief investment strategist for the Leuthold Group. “Preparing for slower growth and more persistent inflation is driving investor fears and actions.”

Read More @ CNBC HERE

Assessment:  “Wheat futures have surged by more than 40% over the last five days, on track for the biggest weekly rise since at least 1959,” reported the outlet. High prices are only a part of the problem. Some countries might soon be brought to starvation 

The war in Ukraine will most likely disrupt the global food supply chains, which will drastically undermine food security worldwide. Hunger will likely become a reality for some 474 million people living in Northern Africa and Middle East (MENA) countries in the near future, warn economists.

Some of the Ukrainian cities, such as Kiev, the capital, and Kharkov, the country’s second largest city, are already seeing severe food shortages due to the ongoing Russian attack, but it is only a tip of the iceberg.

““You have sown much, and bring in little; You eat, but do not have enough;
You drink, but you are not filled with drink; You clothe yourselves, but no one is warm; And he who earns wages, Earns wages to put into a bag with holes.” Haggai 1:6

“The bullets and bombs in Ukraine could take the global hunger crisis to levels beyond anything we’ve seen before,” said World Food Programme’s (WFP) Executive Director David Beasley on Friday. He added, “This is not just a crisis inside Ukraine. This is going to affect supply chains, and particularly the cost of food.”

The WFP, an agency of the United Nations, is warning, “The Russian Federation and Ukraine are responsible for 29% of the global wheat trade. Any serious disruption of production and exports from the region could push food prices beyond their current 10-year highs.”

The WFP said that before the war, it was purchasing around half of its wheat from Ukraine to feed hungry people in countries such as Yemen, Ethiopia, and Syria. The agency added that the conflict will drive the operation costs by $15 million per month, meaning “less people are going to get food, which means more people are going to go to bed hungry,” per the agency.

The price of wheat is soaring globally. “The Russia-Ukraine war is fueling the ‘biggest supply shock to global grain markets’ in living memory,”

‘Read More @ New American HERE

Assessment: It’s astonishing that we have an administration that would rather buy oil from two regimes that terrorize their own people than take the steps that would restore the energy independence the United States enjoyed under the Trump administration ”

This isn’t rocket science: gas prices are hitting astronomical new heights every day because Old Joe Biden closed the Keystone Pipeline, ended our energy independence, and forced us to rely on supplies of Russian oil that have become problematic in all kinds of ways with the Russian invasion of Ukraine.

Yet even as the crisis intensifies, Biden’s handlers refuse to reverse course and restore America’s own oil supplies; instead, it is courting authoritarian regimes, as if paying Russia for oil wasn’t enough financing of tyranny already. Next in line: Venezuela.

“There is a way that seems right to a man,
But its end is the way of death.”

First came the Islamic Republic of Iran. On Wednesday, MSNBC’s Stephanie Ruhle asked Transportation Secretary Pete “Mr. Mom” Buttigieg if Biden would consider “working something out with Iran” for oil. Buttigieg wouldn’t rule out that possibility: “Look, the president has said that all options are on the table. But we also need to make sure we’re not galloping after permanent solutions to immediate short term problems where more strategic and tactical actions in the short term could make a difference.”

But the “Death to America”-chanting mullahs aren’t enough. Fox News reported Sunday that “several senior Biden administration officials from the White House and State Department traveled to Venezuela on Saturday to meet with the Russian ally as Moscow’s economy begins to crater under the weight of sanctions, according to a report.” The idea is to entice the brutal hard-Left regime of Venezuelan President Nicolás Maduro away from Moscow’s embrace. The U.S. used to be Venezuela’s biggest customer for its oil exports, but the Trump administration put sanctions on those exports in view of the Venezuelan regime’s tyrannical behavior and election fraud.

But for Biden’s handlers, that sort of thing is no problem.

Read More @ PJ Media HERE

Assessment: China has repeatedly voiced opposition to the sanctions, calling them ineffective and insisting it will maintain normal economic and trade exchanges with Russia …

As US and European sanctions make life increasingly difficult for Russian businesses, one Chinese bank claims it has seen a surge in requests from Russian firms trying to open new bank accounts, according to an anonymous source quoted by Reuters.

It’s the latest example of a phenomenon first described by Credit Suisse’s Zoltan Poszar, who warned during a recent interview with Bloomberg that sanctions against Russia- along with the ban of most Russian banks from SWIFT –  could lead to greater reliance on the Chinese yuan by Russian companies. As we said, China’s yuan, which presently accounts for just 2.7% of world reserves, is one option for anxious reserve managers in Moscow or elsewhere.

“Then the sixth angel poured out his bowl on the great river Euphrates, and its water was dried up, so that the way of the kings from the east might be prepared” Rev. 16:12.

“Over the past few days, 200-300 companies have approached us, wanting to open new accounts,” the person, who works at the Moscow branch of a Chinese state bank and has direct knowledge of its operations, told Reuters.

The source added that most of the firms looking to open an account with their bank do a lot of business with China.

He declined to be named or have his bank identified as he is not authorized to speak with media.

It was not clear how widespread Russian demand for new accounts at Chinese banks was, but the banker source told Reuters many of the companies seeking new accounts do business with China and that he expected yuan transactions by such firms to increase.

Still, it’s a sign that Russian Central Bank will likely need to keep more reserves denominated in the Chinese yuan.