Splintering..

 

The Russian war with Ukraine wasn't a swift military strike, but this war has already been a success. The global economy is splintering, and the West’s conflicting imperatives as well as those of the developing world are slowly revealing themselves.

When it comes to imposing energy sanctions with teeth, Germany and Italy are dependent on Russia for roughly half of their natural gas imports and don’t have the infrastructure to implement a quick substitute. 

Berlin has even drawn up a three-phase plan if Russian gas is turned off, telling carmakers they may have to shut production lines to ensure families can heat their homes over winter. The Bundesbank has warned of recession if supplies are cut.

Italy has started rationing energy in public buildings. And France is equally leery, knowing from the Gilet Jaunes (yellow vests) protests the kind of social unrest that can result from high fuel prices. While Europe’s biggest powers say they plan to wean themselves off Russian imports, they need time. Hence renewed attempts to negotiate a ceasefire, even if it means asking Ukraine to cede even more territory to Russia.

Across the English Channel and beyond the Atlantic, the economic consequences of the war with the inflation taking over, are looking just as critical. 

The US is unwavering in its support for Ukraine’s resistance, supplying arms and munitions promises a bonanza for its powerful military industrial complex, while Americans struggle with oil, Gas and food higher prices and food shortage, This Administration is playing a dangerous game with people's life impacting the whole world as economic destruction is happening such a scary way.  Just a thought.

May be..

 

She suddenly becomes as frosty as an orange slush and you have no idea what  arouse her wrath.

She is angry and she wants you to figure it out.

When she refuses to communicate with you, chances are that whatever you did isn't all that serious. Perhaps, you didn't notice her new earrings.

Give her the space she needs to cool down.

When she feels ready to talk again she will approach you, glare at you with those big beautiful eyes, make huffing sounds that would make her look all the more desirable.

Or you just had enough. Move on. Just a thought.

Fuggetaboutit..

 

This issue started as follows:

President Biden's Executive action of Day one in the office. Cancelling the Keystone Pipeline and the continue with his promise of "No drilling, Period". The prices started going up to twice what it was. 

At this time Inflation started going up and nothing this administration has to show for to the American people, then the war of Russia/Ukraine started, we cancelled the Nord Strom 2 pipeline- followed by the various sanctions on the Russia oil sale.

Then came the opportunity of fueling the Russia/Ukraine war with more weapon to the Ukraine.

The prices of oil went up again so is the prices of food and the Inflation among other major problems.        Just a thought.

Bad results..

 

Researchers at Johns Hopkins University have concluded that lockdowns have done little to reduce COVID deaths but have had “devastating effects” on economies and numerous social ills.

The study, titled “A Literature Review and Meta-Analysis of the Effects of Lockdowns on COVID-19 Mortality,” said lockdowns in Europe and the U.S. reduced COVID-19 deaths by 0.2 percent.

“We find no evidence that lockdowns, school closures, border closures, and limiting gatherings have had a noticeable effect on COVID-19 mortality,” the researchers wrote in the report, issued Monday.

The study concluded that lockdowns “are ill-founded and should be rejected as a pandemic policy instrument.”

“They have contributed to reducing economic activity, raising unemployment, reducing schooling, causing political unrest, contributing to domestic violence, and undermining liberal democracy,” the report said.

The study was written by Jonas Herby, Lars Jonung and Steve H. Hanke of the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise.

Lockdowns....

 

Researchers at Johns Hopkins University have concluded that lockdowns have done little to reduce COVID deaths but have had “devastating effects” on economies and numerous social ills.

The study, titled “A Literature Review and Meta-Analysis of the Effects of Lockdowns on COVID-19 Mortality,” said lockdowns in Europe and the U.S. reduced COVID-19 deaths by 0.2 percent.

“We find no evidence that lockdowns, school closures, border closures, and limiting gatherings have had a noticeable effect on COVID-19 mortality,” the researchers wrote in the report, issued Monday.

The study concluded that lockdowns “are ill-founded and should be rejected as a pandemic policy instrument.”

“They have contributed to reducing economic activity, raising unemployment, reducing schooling, causing political unrest, contributing to domestic violence, and undermining liberal democracy,” the report said.

The study was written by Jonas Herby, Lars Jonung and Steve H. Hanke of the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise.

Debt..

 

Yellen..

 

Administration is in Desiree.  Covering up on the well known inflation and call it transitional.

Then a year later it is a full blown inflation which is difficult to control and it will cause tremendous pain and suffering to most of the American people.

Add to this our Sanctions against the Russian people, weaponizing the economic activities,  that is fueling the shortage of food, and energy around the globe including Baby formula.

While most of these problems are man made by executive orders, no is responsible for it.  

Yellen from the mountaintop. "Till us the truth"

"IS" is..

 

Some countries have Dictatorship leaders and others have Democratically elected officials. But what they do to get elected, in this case  "Is" 

 Some mix and match. 

Backfire...

 

European Union leaders agreed to cut Russian oil imports by about 90% over the next six months, a dramatic move that was considered unthinkable just months ago.

In addition to retaining some European markets, Russia could sell some of the oil previously bound to Europe to China, India and other customers in Asia, even though it will have to offer discounts.

Matteo Villa, an analyst at the ISPI think tank in Milan, said Russia will take a pretty significant hit now but cautioned that the move could eventually backfire.

“The risk is that the price of oil in general goes up because of the European sanctions. And if the price goes up a lot, the risk is that Russia starts to earn more, and Europe loses the bet,” he said.

Moscow seized on the new sanctions to try to rally public support against the West, describing it as bent on destroying Russia.

Rescinded..

 

When Joe Biden took office, the average cost for a gallon of gasoline was $2.46 – the price was $3.44 on December 6; a 40% increase. The president and Democrats in Congress should recognize that their policies are damaging our economy and causing pain for American families. They need to reverse course immediately.

On his first day in office, President Biden rescinded the presidential permit for the Keystone XL pipeline, which would have moved 830,000 barrels of crude oil each day. Days later, he banned new oil and gas leases on public lands and federal waters, saying the program needed review.

The Department of the Interior subsequently concluded that fees on American energy producers should be raised to “deliver a fair and equitable return to American taxpayers.” These fee increases are designed to lower interest in the leases, thus depressing supply and causing consumer prices to rise even higher. If energy companies decide to pursue leases and pay the rate increases, the higher costs will just get passed on to American families.

Prices of a gallon of gas now is $5.  Just a thought.