European driving – pure madness

Europe is trying to cap Russian oil at $60 a barrel. Russian authorities rejected the price cap and threatened to stop supplying countries that supported it.

Australia, Britain, Canada, Japan, the United States and the 27-nation European Union have agreed a cap on what they will pay for Russian oil at $60 a barrel. The limit is set to come into effect along with an EU ban on Russian oil shipped by sea.

In all honesty, this is the most sensible decision in terms of trying coin pegs. These people consistently reject any understanding of the business cycle and follow in the footsteps of Karl Marx believing they even have the power to regulate the prices of anything. Bretton Woods collapsed due to the same stupid logic of pegging the dollar to gold at $35 an ounce. They set the price of gold in dollars but never limited the amount of dollars they made. A 3-year-old with a pocket calculator could find out that the system would break.

So here we are with world leaders once again engaging in utter stupidity that will come back to regret the day they came up with this idea. If the price of oil goes up to $100, they will prevent their economies from getting energy. This will drive the price of oil higher if they can only buy non-Russian oil then. Crude Oil closed 2021 at $75.21. In their minds, they are still trying to destroy the Russian economy. This trick will only backfire.

Meanwhile, Ukraine’s high-heeled dancer, President Volodymyr Zelensky, exposes Ukrainian hatred of Russians and why Russia came to the aid of Donbass because they will massacre every Russian they get like they did in Odessa. The West remained silent about the Russians, as they are not entitled to human rights. Andriy Yermak, Zelensky’s chief of staff, wrote on Telegram, suggesting a position also favored by Poland which is also out of its mind, which would lead to more World War III because that is what has already been declared against Russia.

“It will be necessary to lower it to 30 dollars in order to destroy the enemy’s economy faster.”

To be sure, Russian crude has already sold for around $60 a barrel, a significant discount to the international benchmark Brent. Whatever these people can do to wreak havoc on global markets and bring the world to the brink of a major international war, they do it brilliantly.

BTW, our model called Low in 2020, had a change of direction for 2022, and the next major turning point is the strongest in the matrix in 2023. So thank you, smart politicians. I am sure they would blame Putin and argue that he is using energy as a weapon when, by their own statements, that is what they are doing to bring down Russia.

These world leaders are trying to bring the price of oil down below market value, and then this evil leader of Ukraine, Zelensky, wants the cap to be $30. I warned Zelensky would be the man, or whatever pronoun he preferred, to create World War III just as the Serbs started World War I.

“Biden promises to raise energy prices before the midterm

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *