Guest Post by Martin Armstrong
Europe is trying to impose a cap on Russian oil at $60 a barrel. Russian authorities rejected a price cap and threatened to stop supplying the nations that endorsed it.
Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed to cap what they would pay for Russian oil at $60-per-barrel. The limit is set to take effect along with an EU embargo on Russian oil shipped by sea.
In all honesty, this is the most braindead decision up their with trying to peg currencies. These people constantly reject any understanding of a business cycle and follow in the footsteps of Karl Marx believing that they even have the power to regulate prices of anything. Bretton Woods collapsed because of this same stupid reasoning of fixing the the dollar to gold at $35 per ounce. They capped the price of gold to dollars but never limited the amount of dollars they created. A 3-year old with a pocket calculator could have figured out that system would collapse.
So here we are with world leaders once again engaging in absolute stupidity that will come back to to rue the day they ever came up with this idea. If the price of oil rises to $100, they will prevent their own economies from acquiring energy. That would push the price of oil up even higher if they can only then buy non-Russian oil. Crude clos3ed 2021 at $75.21. I their mind. they are trying still to destroy the Russian economy, but will backfire.
Then this high-heel dancing head of Ukraine, President Volodymyr Zelensky, meanwhile, actually revealed the Ukrainian hatred of Russians and why Russia came to the aid of the Donbas because they would mascara every Russian they get their hands on and they did in Odessa as the West was silent for Russians are not entitle to human rights. Andriy Yermak, the head of Zelensky’s office, wrote on Telegram, staking out a position also favored by Poland which has also lost its mind.
“It would be necessary to lower it to $30 in order to destroy the enemy’s economy faster.”
Granted, Russia’s crude has already been selling for around $60 a barrel, which is a deep discount from international benchmark Brent. Whatever these people can do to create chaos in the world markets and bring the world to the brink of a major international war, they are doing it brilliantly.
BTW, our model called the low in 2020, had a Directional Change for 2022, and the next key turning point which the strongest on the Array is 2023. So thank you braindead politicians. I am sure they will blame Putin and argue he is using energy as a weapon. They are trying to cap the price of oil below market value and then this evil leader of Ukraine, Zelensky, wants the cap to be $30. I warned that Zelensky will be the man, or whatever pronoun he/she prefers, that creates World War III. A low in 2023 will most like see a slingshot up into the years ahead.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
All roads lead to depop. To extinguish Europe is to extinguish the West, and therefore, most of modernity.
Eeny, meeny, miny, moe…
In the certain future demise of Zelensky, I do hope that his body is displayed and observable, if not ‘up and close’ examination, by all countries. While I have zero credence in the western media and their ability to tell the truth, it would be refreshing to watch ‘media-west’ writhe in their own disability to understand just why their world-concepts would not allow for such a possibility.
I’d rather not be subject to another round of inane claims, viz., “He lives in Argentina !” , “Zelensky teaches Econ. and Political Activism-The New Nazi at the University in Córdoba”, again.
Still, Zelensky has recently been named “Person of the Year” by the esteemed editors of The Financial Times. That’s even better than Time magazine.
Speaking of leadership – America’s ain’t all that, neither (Not The Babylon Bee):
Just look at that petulant, pouting pipsqueak midwit’s puckered puss . . . but nevermind that anyway, because:
Trump Is Toast – Jewish Power will trump Trump, by PHILIP GIRALDI @ Unz:
https://www.unz.com/pgiraldi/trump-is-toast/
Where is Dick Cheney when you need him? /s
Cheney is busy pumping up his daughter to be the next president.
When Trump appointed John Bolton as his “National Security Advisor”, I gave up any and all hopes for the Trump administration.
Many of Trump’s appointments were counter-productive, and IMHO were made out of either ignorance, malice or impotence. Probably the last.
Even today, I’m not sure if Trump understands how badly he was sabotaged, and by people he either appointed himself, or at least had complete authority to fire, without cause.
Of course, the NYT and WaPo would have clucked very loudly.
As long as there are no negative consequences to Europe’s Leadership, you will get more of that Pure Insanity.
“Lower it to $3 !”
Epistemic vice or viciousness is the term to describe the narrow focused morons in charge of the west today. Got it from Gonzalo Lira. He goes on in length.
They are not braindead or stupid.
They know exactly what they are doing.
When you consider that their agenda is to destroy the current global systems and depopulate, then everything makes sense.
To reject this notion forces you to draw the conclusion that are not plausible in the aggregate.
Yep. Pure, unambiguous, criminal intent.
Demonic.
I generally agree with Martin here, but it looks like he typed this on his phone without even a cursory proof.
Let’s put a price cap on German cars …… let’s say $25,000 on a Mercedes Benz.
While maintaining the build quality.
I mean, as long as we’re believing in magic.
Mercedes build quality has really declined; I’ve never owned one, but friends do, and some of their stories are pretty damning.
They also didn’t like the dealers’ $200 oil changes.
‘Cause nobody in fifty years from now is going to be overjoyed to make a barn-find of a mint KIA.