Slow Supertrend of Change and Chaos

[bpcw]

But remember: “You’ll own nothing, and you’ll be happy.” It's not a secret. It's a roadmap.

I've wondered whether they'll divide each nation's debt by the population number which practically no one can pay off without selling everything they have, bingo, you own nothing!

[SOL]

But remember: “You’ll own nothing, and you’ll be happy.” It's not a secret. It's a roadmap.

I've wondered whether they'll divide each nation's debt by the population number which practically no one can pay off without selling everything they have, bingo, you own nothing!

The trend is now negative for most of the West so the best one can do is attempt to slow the damage. Long term trends don't lie as the next story indicates. The simplest way to determine where a nation is heading is to look at its currency. The EU zone and European currencies are getting hammered. Eventually the USD will join the downtrend party but for now it is running strong because it can stand on the heads and throats of European currencies.

[SOL]

US Rivals Shunning Dollar Lifts Yuan-Ruble Trading by 1,067%

The emerging multi-polar world now includes foreign-exchange markets -- as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their currencies.

Monthly volumes on the ruble-yuan pair have surged 1,067% to almost $4 billion since the start of the war in Ukraine as the two nations seek to reduce their reliance on the dollar and boost bilateral trade to overcome current and potential U.S sanctions. The spike coincides with a rally in the ruble to a five-year high against the yuan.

That’s a sign Russians are increasingly turning to Chinese goods to replace stalled Western imports and international brands that have vanished from store shelves. For China, it creates the latest boost for the internationalization of the yuan just when growing tensions with the U.S. are slowing that process.

“The main players in the yuan-ruble market are corporations and banks, but there is also a growing interest from retail investors,” said Yuri Popov, a currency and rates strategist at Sberbank CIB JSC. “The volume on the Moscow Exchange’s spot market has surged. This is due to sanctions concerns, as well as the intentions of Russia and China to encourage the usage of national currencies in bilateral trade.”

About 25.91 billion yuan ($3.9 billion) have been exchanged for rubles in the Moscow spot market so far in May, according to Bloomberg calculations. This is almost 12 times the volumes in February, the month Russia invaded Ukraine.

“The ruble-yuan trading is bound to go up more on yuan globalization, and the war just accelerated it,” said Stephen Chiu, a strategist at Bloomberg Intelligence in Hong Kong. “Russia will trade more in yuan and hold more yuan reserves.”

With China set to further open up from a partial lockdown, oil demand may pick up gradually and hence Russia can look for Chinese demand to offset the possible European ban, according to Chiu. “This should be a tailwind for yuan-ruble
https://finance.yahoo.com/news/yuan-rub ... 45054.html

The story falsely claims that the Russian Central bankers are getting worried about the strength of the Rouble. It is a gift from heaven for now they can aggressively lower rates and keep the rouble in a trading band of 60 to 80.

[SOL]

Overall, Russian oil exports rebounded in April, after dropping in March as the first Western sanctions took effect, the International Energy Agency said. Russia’s oil exports rose by 620,000 barrels to 8.1 million barrels a day, close to its prewar levels, with the biggest increase going to India.

India has emerged as a key hub for Russian oil flows. The country’s imports have skyrocketed to 800,000 barrels a day since the war began, compared with 30,000 barrels a day previously, according to commodity-markets data company Kpler.

A refinery owned by Indian energy giant Reliance Industries Ltd. bought seven times more Russian crude in May, compared with prewar levels, making up a fifth of its total intake, according to Kpler

Reliance chartered an oil tanker to carry a cargo of alkylate, a gasoline component, departing from the nearby Sikka port on April 21 without a planned destination. Three days later, it updated its records with a U.S. port and sailed over, discharging its cargo on May 22 in New York.

“What likely happened was Reliance took on a discounted cargo of Russian crude, refined it and then sold the product on the short-term market where it found a U.S. buyer,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air. The organization is tracking Russian fossil fuel exports and their role in funding the Ukraine war. “It does look like there’s a trade where Russian crude is refined in India and then some
To avoid large insurance costs, the ships turn off their GPS systems to go dark, then transfer oil to large megatankers such as the Lauren II, a giant Chinese crude carrier that can hold about 2 million barrels of oil.

As long as India and China are willing to bypass sanctions, the oil will get through. However, these added costs impact prices globally.

More ships are used to haul oil from Russia to India and China instead of Russia to the EU. In turn, the EU gets oil from Saudi Arabia instead of Russia.

Sanctions drive up the price soo much that Russia is getting more money even though Russia has to discount its price significantly to find takers.

Something Only Politicians Could Concoct
The asininity of this setup is staggering.

The desire to "do something" is so politically powerful that politicians would rather inadvertently aid Russia than do nothing at all.

https://finance.yahoo.com/news/russia-r ... 00249.html

Most politicians have glorified PHD's (they were awarded while they snorted cocaine). Look at Schwab's thesis. He supposedly has a PHD in Mechanical engineering yet his thesis was on credit, so he is a mule pretending to be a race horse.

[Cinnamon]

Terranova Ranch, which grows over 25 crops on 6,000 acres in the San Joaquin Valley, recently bought diesel for $4.74 per gallon. Although less expensive than retail cost because of the operation’s ability to buy diesel in bulk and farm fuel’s partial tax exemption, Cameron said it cost approximately $950 to fuel a single tractor during this year’s planting season. He said one tank of diesel will only last a tractor a day during this season and that the price spike will hurt farmers in the state, who are already struggling with drought and a decrease in almond prices.

Cameron, also the president of the California State Board of Food, said the problem lies with the contracts producers made as early as August 2021, before the current run-up in commodity prices. Now, farmers must buy expensive fuel to support these low-paying contracts, he said.

“We have no option but to buy the fuel at the high price,” Cameron said. “Then try and get back wherever we can, but that's pretty hard to do.”

Although California leads the country as the state with the highest average diesel price, farmers from other states said they too are struggling with high fuel prices.

Ron Kindred, vice chairman of the Illinois Soybean Association, said Illinois farmers are unsure what their profit will be this season due to high fuel costs.

https://www.agri-pulse.com/articles/177 ... sel-prices


Could a food shortage be coming? Record diesel prices are crushing Pa. farmers, lawmakers told

HARRISBURG — A Lehigh County farmer recently called Kyle Kotzmoyer and said something like “I’ve got a tractor hooked up to my corn planter out here, no diesel fuel, and I can’t afford to get any.”

Kotzmoyer, who recalled the conversation Tuesday, said he responded to the request for advice with a joke.

That’s about all he could do, he said, because the crushing reality of record diesel fuel prices is pushing farmers to the brink and may affect food availability.

“We have reached that point to where it is very close to being a sinking ship,” Kotzmoyer, a legislative affairs specialist for the Pennsylvania Farm Bureau, testified to state lawmakers Tuesday. “We are teetering on the edge right now.”

His appearance came in the third hearing on soaring inflation held by the House Republican Policy Committee.

The overall testimony suggested the dire farm situation will exacerbate the rate of already steep food price increases. The federal government reported last week that food prices in May were 10.1% higher than a year earlier, with the rate of increase gaining speed.

After the hearing — in a phone interview — Kotzmoyer made clear that food may not be as available because of the fuel price surge.

“One, if they can’t afford to put it in the ground,” he said of farming using diesel-thirsty machinery. “Or, two, if they can’t afford to take it out.”

Average diesel fuel prices Tuesday in Pennsylvania were $6.19 a gallon, about 75% higher than a year ago, according to AAA.
https://www.mcall.com/news/pennsylvania ... story.html

[Yodean]

Could a food shortage be coming?

Yeh, been saying this for a few years. Lots of mysterious "incidents" since, of destruction of crops, farmland, food processing plants, etc.

Will hit (already occuring at a few places) the third-world countries first and most severely. For the Western demoncracies, much higher prices for the fresh stuff, with occasional lack of availability of certain food products.

Won't help with the Belly Pandemic in the West - the Herd will just consume more of the cheap, processed stuff, and continue to grow horizontally and exponentially.

[nicolas]

Could a food shortage be coming?

Yeh, been saying this for a few years. Lots of mysterious "incidents" since, of destruction of crops, farmland, food processing plants, etc.

Will hit (already occuring at a few places) the third-world countries first and most severely. For the Western demoncracies, much higher prices for the fresh stuff, with occasional lack of availability of certain food products.

Won't help with the Belly Pandemic in the West - the Herd will just consume more of the cheap, processed stuff, and continue to grow horizontally and exponentially.

The perfect nudge that makes people eager to eat bugs and lab-grown junk. Once again, the Davos Mafia saves the day!

[George1010]

https://youtu.be/Lk8h9KoEmlc

I hope this is the proper section to post this under, but I cracked up from 14.5 minutes into this video; the whole post is funny and enlightening.

[outof thebox]

https://t.me/EurasianChoice/15836

[bpcw]

This is an excellent video which I stubbled upon expounding on Plato's allegory of the cave. I watched it not knowing the guy was a Christian which becomes apparent after about 30 minutes, I don't believe it detracts from the principles he's explaining so you shouldn't be put off by this and he doesn't refer to his Christian beliefs much.

https://youtu.be/BtUw2EvznIg

This would be good for you Harryg, to complement the book I recommended. He talks about relativism versus absolutes when referring to good/bad, beauty etc.

Not sure if it's totally the right place for it!

[SOL]

Oh Now They‘re Banning China Spreading Chinese In The UK!

Much of the global media attention is on the sabotaging of everything ‘Russian’ in the West. However, at the same time there is a concerted Western attack on everything ‘Chinese’.

The UK now is basically saying: ‘Chinese’ is the property of the West, and China has no business in teaching Chinese in the West. Something like that. It is definitely spooky.

A British Member of Parliament (MP), Alicia Kearns, recently delivered a strong message to China at the Palace of Westminster, which was attended by maybe 20 of her social mores:

“Our students, our kids, our under-18-years olds are taught Mandarin by the Confucius Institutes which are the arm of the Chinese state.”

She goes on and bashes a 1.4 billion Chinese state just like that, for click-bait and going viral. So we believe MP Kearns is what the UK deserves, and want to promote her. She calls China “a genocidal regime” and demands the 30 UK Confucius Institutes to be punished or “banned.” Wow.
https://tapnewswire.com/2022/06/teachin ... rn-powers/

[SOL]

https://www.youtube.com/watch?v=-m1C8Yv ... sAustralia

Biden and his team demonstrate to the world how to Run (Ruin) a government effectively (catastrophically) without screwing up (Yes better odds on winning the lotto)

[jlhooter]

Biden and his team demonstrate to the world how to Run (Ruin) a government effectively (catastrophically) without screwing up (Yes better odds on winning the lotto)

"Way to go Walter, I mean Brandon, I mean Biden."

[George1010]

Earlier today we wrote that Germany's largest landlord, Vonovia, had taken the unprecedented step of restrictring heating at night, a terrifying preview of what lies in stock for the "most advanced" European nation this winter. Alas, it's going to get worse, much worse.

According to the FT, Germany is now rationing hot water, dimming its street lights and shutting down swimming pools as the impact of its energy crunch begins to spread like the proverbial Ice-Nine wave, from industry to offices, leisure centers and residential homes.

The reason behind Germany's slow motion paralysis is well-known: the huge increase in gas prices triggered by Russia’s move last month to sharply reduce supplies to Germany has plunged Europe’s biggest economy into its worst energy crisis since the oil price shock of 1973 (see "What's Unfolding In Europe In Recent Days Is A Fresh Big Negative Supply Shock")


With electricity prices hitting never before seen levels, gas importers and utilities are fighting for survival while consumer bills are going through the roof, with some warning of rising friction (not to mention the infamous wheelbarrows full of cash).

“The situation is more than dramatic,” said Axel Gedaschko, head of the federation of German housing enterprises GdW. “Germany’s social peace is in great danger.”

Unfortunately, as tensions over Russia’s war in Ukraine escalate, officials fear the situation could get worse. On Monday, as we reported last week, Russia is shutting down its main pipeline to Germany, Nord Stream 1, for 10 days of scheduled maintenance. Many in Berlin fear it will never reopen.

Commenting on the infamous July 22 day when Russian gas flows are expected to resume, DB's Jim Reid writes that "while we all spend most of our market time thinking about the Fed and a recession, I suspect what happens to Russian gas in H2 is potentially an even bigger story. Of course by July 22nd parts may have be found and the supply might start to normalise. Anyone who tells you they know what is going to happen here is guessing but as minimum it should be a huge focal point for everyone in markets."

The bank also conveniently warns that "if the gas shutoff is not resolved in coming weeks this would lead to a broadening out of energy disruption with material upfront effects on economic growth, and of course much higher inflation."

Anticipating the worst case outcome, Germany last month took a crucial step towards rationing gas when economy minister Robert Habeck activated the second stage of the country’s gas emergency plan. “The situation on the gas market is tense and unfortunately we can’t guarantee that it will not get worse,” he said on Tuesday. “We have to be prepared for the situation to become critical.”

Habeck, who says he is now taking shorter showers, has appealed to the population to save energy — and municipalities and property owners have heeded the call.

As we reported this morning, Vonovia, the country’s largest residential landlord, said it would be lowering the temperature of its tenants’ gas central heating to 17C between 11pm and 6am. It said the measure would save 8 per cent in heating costs.

A housing association in the Saxon town of Dippoldiswalde, near the Czech border, went a step further this week, saying it was rationing the supply of hot water to tenants. From now on they can only take hot showers between 4am-8am, 11am-1pm and 5pm-9pm.

“As we announced in our general meeting, we have to save for the winter,” a notice in the affected blocks reads.

Such measures could become routine in the coming weeks. Helmut Dedy, head of the German Association of Towns and Cities, said the “whole of society” must now cut down on its energy consumption, saving in summer “so we have warm flats in winter”.

https://www.zerohedge.com/markets/socia ... es-economy

[SOL]

https://rumble.com/v1dussf-pbs-newshour ... ganda.html


I was quite surprised to stumble upon this video. PBS is stating that the Ukrainian government was essentially lying that a place that Russia bombed housed Military personnel. It appears that the US might be trying to distance itself from Ukraine. Time will tell but nevertheless this is quite a surprising development