GOV/MIL Main "Great Reset" Thread

marsh

On TB every waking moment
CDC Loses Lawsuit, Forced To Turn Over 144 Million Lines Of Jab Data - Vaccine Adverse Events 2:04 min

CDC Loses Lawsuit, Forced To Turn Over 144 Million Lines Of Jab Data - Vaccine Adverse Events​

Red Voice Media Published October 5, 2022

"Users will be able to see a visual representation of the more than 144 million lines of health data gathered through ICAN’s lawsuit against the CDC" - Jim Hoft

^^^^

BREAKING: ICAN Wins Lawsuit Forcing CDC to Turn Over V-SAFE Covid Vaccine Injury Data – Shows 7.7% Seek Medical Care After Vaccination and 25% Have Serious Side Effects (VIDEO)​

By Jim Hoft
Published October 4, 2022 at 9:35pm

Informed Consent Action Network (ICAN) just recently won a major lawsuit brought against the CDC, requiring the agency to turn over its V-safe COVID Vaccine Injury Data.

In order to collect health evaluations following vaccination against COVID-19, the CDC developed a tool called V-safe that runs on smartphones. Over 10 million participants signed up and submitted their health data.

“V-safe provides personalized and confidential health check-ins via text messages and web surveys so you can quickly and easily share with CDC how you, or your dependent, feel after getting a COVID-19 vaccine. This information helps CDC monitor the safety of COVID-19 vaccines in near real time,” said CDC.

After a successful lawsuit, ICAN was granted access to V-safe COVID Vaccine Injury Data from the CDC.

“To make this data public, ICAN activated its legal team. After suing the CDC twice, the CDC capitulated in a court order requiring the release of the data,” according to the company news release. “ICAN has taken the CDC’s official raw data and created a visual dashboard interface for ease of use.”

Users will be able to see a visual representation of the more than 144 million lines of health data gathered through ICAN’s lawsuit against the CDC by using the customized dashboard. (See image below)

Screen-Shot-2022-10-04-at-8.48.36-PM-scaled.jpg


According to the data, Out of the 10 million people who used v-safe, 3,353,110 were hurt.

And 6,458,751 health impacts were reported by v-safe users.

Options for health impacts were:
  1. unable to work or attend school;
  2. unable to do your normal daily activities; and/or
  3. get care from a doctor or other healthcare professional.
Each user could have submitted more than one health impact both during one check-in or over time in multiple check-ins.

On Tuesday’s episode of “Fox News @ Night” with Chase Gallagher, human rights and vaccine attorney Aaron Siri discussed the CDC data on vaccine risk and impact.

It took 463 days and two lawsuits for CDC to turn over the data to Aaron Siri.

“Of the 10 million users within V-safe, 7.7% of them had to seek medical care after vaccination. That is an incredibly high percentage, it appears to me,” Siri said.

“7.7 required medical care, talking about emergency rooms, hospitalizations. And on top of that, another 2.5 million, we’re talking 25% missed work or school or had bad reactions to the vaccine,” Gallagher said.

Video above

You can download the file here: icandecide.org
 

marsh

On TB every waking moment
(Australia)

ZEROTIME: Senator Malcolm Roberts - Weather Modification, Smart Cities, and Exiting the Globalist Agenda 48:49 min

ZEROTIME: Senator Malcolm Roberts - Weather Modification, Smart Cities, and Exiting the Globalist Agenda​

mariazeee Published October 5, 2022

This week we are joined by (Aus.) Senator Malcolm Roberts to discuss the key issues Australia is facing today including weather modification, smart cities, and more, as well as what needs to be done to achieve Australia's exit from the globalist system.
 

marsh

On TB every waking moment
Even GOP States Wage War on Farmers as Danger Grows: Sen. Frye-Mueller 19:12 min

Even GOP States Wage War on Farmers as Danger Grows: Sen. Frye-Mueller​

The New American Published October 5, 2022
Even some of the most conservative states in America have policies that are contributing to the "War on Farmers," and America's agricultural heartland is now at risk as the feds bring dangerous "research" programs right to Kansas, warned South Dakota Senator Julie Frye-Mueller in this interview on Conversations That Matter with The New American magazine's Alex Newman. Unfortunately, efforts to protect children from transgender propaganda are not getting through even in states like South Dakota, either, she said. Instead, the horrifying indoctrination and even the transitioning of children is getting more and more extreme all across the nation, with full support from the federal government and even many conservative state governments.
 

marsh

On TB every waking moment
Deadly Globalist Scam: 'Global Warming to Alternative Energy Sources, It’s All One Big Hoax' 58:24 min

Deadly Globalist Scam: 'Global Warming to Alternative Energy Sources, It’s All One Big Hoax'​

RAIRFoundationUSA Published October 5, 2022

^^^^

Deadly Globalist Scam: 'Global Warming to Alternative Energy Sources, It’s All One Big Hoax' (Exclusive Interview)


Miranda SellickOctober 5, 2022Add comment13 min read

“World government wants massive profits for the wind and solar sector. They want to take away a lot of our freedoms.” – Scientist Tom Harris

Nothing is what it appears to be.

That heatwave that hit Europe this past summer? Twenty years ago, it was just a heatwave. Now, you’d be led to believe that it’s all part of the climate emergency that mankind has brought upon itself.

A recent World Climate Declaration, signed by 1,100 scientists, has made the rounds on social media, claiming that there is no climate emergency. But a 2019 Cornell University study found that 99.9 percent of studies agree that humans have caused climate change.

However, more and more scientists are speaking out to declare that the whole climate change narrative is based upon faulty science and incorrect modeling. Tom Harris, the executive director of the International Climate Science Coalition, based in Ottawa, is one of them. He describes himself as changing “from a climate alarmist to a climate realist.” He recently gave a wide-ranging interview to RAIR Foundation USA.

As a good starting point, Harris recommends the non-governmental International Panel on Climate Change publication that focuses on physical science. It’s nearly 1,000 pages long and has 1000s of peer-reviewed papers. “This one specifically shows that there’s no climate emergency. This is the kind of information that is actually being censored by government and by media,” says Harris. “I met with Catherine McKenna, who, of course, was the previous environment minister, and I gave her a copy of this and other documents, and her main comment was that it was heavy to carry back to her car. And within a week, she was attacking us as climate change deniers.”

Harris asserts that the 1.2-degree temperature rise and the change in carbon dioxide, methane, and nitrous oxide levels worldwide since 1880 are minor and do not represent a threat to the planet. But the City of Ottawa used these measures to declare a climate emergency. All but two council members have voted to do away with Ottawa’s existing energy structure and replace it with wind and solar power. It’s the climate change master plan and energy evolution. “What most people in Ottawa don’t realize is that according to the city itself, and their estimates are probably lowball, they say it’s going to cost $57.4 billion. That’s almost $60,000 for every man, woman, and child in Ottawa,” says Harris. “To do this, they’re going to actually start charging us, for example, to drive into the downtown core, anybody who drives into the core will have to pay a $20 fee, you’ll have yearly fees, you’ll have massive increases in property tax, and of course, electricity prices will go through the roof because they want to replace our natural gas, which is a very clean burning effective fuel. They want to replace it with wind and solar power.”

The plan indicates an intention to build 710 industrial wind turbines taller than the Peace Tower and install 36 square kilometers of solar photovoltaics. That’s bigger than the Experimental Farm in Ottawa. Batteries will provide backup power when solar power is weak, such as the many months of limited sunlight in winter and when snow covers the panels.

“And they want to do this supposedly, to save the planet?” says Harris. “The trouble is, not only is this going to cost an absolute fortune, but these batteries are highly destructive to the environment. These batteries use cobalt. And cobalt is mined by Chinese companies employing child labor in the Congo, breathing in radioactive dust in horrible working conditions. And then the cobalt is shipped to China, where again, with terrible environmental controls, the batteries are manufactured for Western green virtue signalers. “You have to ask, well, what would this sacrifice actually accomplish in the real world?”

The answer is not much. Wind turbines kill birds and bats in huge numbers. With Ontario’s growth and wind turbines, some bat species will be entirely driven to extinction. In California, thousands of golden eagles have been killed at one wind farm alone. And they’re not very reliable, producing power only about 30 percent of the time.

But the net result? You have to ask, how much of humanity’s greenhouse gas emissions does Ottawa produce? “It turns out; it’s point 0.014 percent. That’s around 100th of one percent. The actual change in temperature if Ottawa were to maintain this incredibly expensive plan all the way to the year 2100 would be one, one-thousandth of a degree Celsius for $60 billion,” according to Harris. “It’s way less than we’d ever be able to detect. It’s going to cost $60,000 for every man, woman, and child in the city; it’s going to make us very vulnerable to extreme weather, and we’ll have a very fragile energy system dependent on intermittent wind and solar power. Why would Ottawa do that?”

Apparently, the City of Ottawa aspires to set an example to lead the world. If the world followed Ottawa’s lead, what would it cost? “If you do just simple math, that would be $600 trillion, for one degree,” says Harris, “but the environmental activists want to avoid five degrees of warming. So, the actual number is 3000 trillion dollars. And I don’t know if there’s enough money in the whole world. We have to hope that countries do not follow Ottawa’s lead.”

China, which produces twice as much emissions as the U.S., continues to build coal-fired power stations. Their overall priority is poverty alleviation and development. The cheapest way to achieve these goals is by using coal power. In 2030, China will use this as a get-out clause to the Paris Treaty. “And so, we in the West will be handicapping ourselves, crippling ourselves, making our energy infrastructure weak, our economic system weak for nothing,” says Harris. “Because even if you believe the science of the U.N., the situation is like we’re puncturing this life raft with a pin. And China’s using a chainsaw. And we’re just ignoring the chainsaw and criticizing people in Ottawa for the pin.”

With this City of Ottawa plan, backup power provided by natural gas would be essential. But like a car engine that produces less emissions if it runs at a consistent speed, neither breaking nor accelerating, the on-again, off-again nature of gas or coal backup power would, in fact, produce more greenhouse emissions, according to Harris.

Should we even be concerned about reducing greenhouse gases? Climate alarmists are talking about carbon dioxide, methane, and nitrous oxide. How much climate change do these gases cause? According to Harris, at very low concentrations, they cause quite a lot of warming. But by the time you get to the kind of levels that we’re at now, these gases cause minimal additional warming. “It’s a little bit like painting a barn red,” explains Harris. “The first coat of paint pretty well covers the barn; when you put more coats on, there’s almost no change in the actual color of your barn because most of it has already been covered with paint. It just doesn’t do much.”

Presently the level is 420 parts per million of carbon dioxide in the atmosphere, which is 0.4 percent. Nitrogen is 60 percent of the atmosphere. Harris and his team interviewed Professor William Happer, a leading physicist from Princeton University who studies the radiation effects of increasing carbon dioxide, nitrous oxide, and methane. “What he shows is that at today’s level of those three gases, the additional warming that would occur due to a doubling, for example, of carbon dioxide is negligible, less than one degree Celsius.”

In other words, if we went from 420 parts per million to 840, climate activists will tell you that this will be a disaster. But Professor Happer says, “No.”

“It’s kind of obvious,” says Harris, “because since 1880, carbon dioxide in the atmosphere has increased by 50%, and the temperature has gone up by 1.2 degrees. That’s a rise so small that if you didn’t have meteorologists and climatologists to tell you about it, you wouldn’t even know it happened.”

A look back through geologic history reveals times when carbon dioxide was 840 parts per million, or much higher. We are presently at one of the lowest levels of carbon dioxide in Earth’s history, says Harris. “We’ve seen times in the past when carbon dioxide was 13 times today’s levels. And it’s interesting because at that time, 440 million years ago, the Earth was in its coldest period in the last half billion years. So the fact that there’s been a recent increase in temperature and a recent increase in co2 is only a recent phenomenon. But there is no correlation that shows that co2 drives warming.”

According to Harris and many of his colleagues, carbon dioxide is not driving dangerous climate change but a massive increase in crop productivity. Forests are getting denser, and we are seeing a greening of the earth. “Even NASA – many of them are climate alarmists – says that our use of fossil fuels is greening the earth.” It is also driving productivity and helping to feed the world. The more carbon dioxide pumped into a greenhouse, the taller and faster plants grow, consuming less water.

Nitrous oxide is the next bone of contention. Countries like Holland have recently brought in all kinds of rigid regulations on nitrous oxide reduction, which effectively means a 30 percent reduction in fertilizer use. Similar rules will be coming to Canada soon. Experts say this will cause about a third of all Dutch farms to close. “Because if you’re doing this double whammy, reducing aerial fertilizer, which is carbon dioxide, and you’re reducing fertilizer, you’re going to have a massive reduction in crop yield. This is a really big problem. Both of these actions are being driven by the climate scare,” says Harris.

Harris encourages anyone interested in the subject of climate change to visit a website called climatechangereconsidered.org . There, you will find information that supports the idea that fossil fuels have, in fact, been a good thing for society. Not only have they massively increased our standards of living – there can be no denying this from any side of the argument – but they have also aided our protection of the environment by preventing the complete destruction of Britain’s forests, for example, once coal became the energy source for the country. He also recommends that readers watch documentary maker Michael Moore’s film Planet of the Humans. “People were quite shocked when he actually revealed the incredible damage that’s being caused by wind and solar power.”

According to Harris, we should focus on reducing energy where it’s scarce; we should focus on reducing pollution where it’s a problem, and carbon dioxide is not this. “We learned in elementary school that this is plant food. So the whole idea that it’s carbon pollution, I always say to them, what’s this carbon you’re talking about?

On the subject of electric cars, Harris has plenty to say.

“If you feel that it is important to reduce carbon dioxide and other greenhouse gases, then stay with your gas-powered car.” Ron Stein, a California engineer and the author of Clean Energy Exploitations, nominated for the Pulitzer Prize in 2022, has performed a lifecycle analysis to show how much greenhouse gas is produced when you mine the cobalt and the various materials that are needed in electric vehicles, then ship them to China, then charge your car, then dispose of these highly toxic materials at the end of their life. “He found that the lifecycle analysis shows clearly that it increases greenhouse gases if you move over to electric vehicles. This is just one of the many scams that are out there. They’re saying they’re saving the planet, while actually, they’re causing far more environmental damage,” says Harris.

From the Texas power failure in February 2021 that killed 700 people to the rolling power outages that a cold city like Ottawa can expect if the green plan is implemented, life will shortly become infinitely less comfortable. “Catherine McKenney, who’s a councillor right now and is the promoter of the fossil fuel Non-Proliferation Treaty, endorsed energy evolution and the other plans. Ottawa at minus 30, you’re going to see thousands of people die if we have a major power failure like they did. We’re going to get a preview of it in Europe this winter because Europe has done two things, which are really going to make a lot of people very cold and hungry. Europe closed many of its most dependable power sources, nuclear, coal, natural gas.”

Harris endorses nuclear energy as clean and safe. “You have to realize that in the overall scheme of things, when you compare nuclear with coal or natural gas, there are actually far less accidents and far less people that are killed from anything to do with nuclear power. Nuclear power is probably the safest energy source on the planet.

“All of this doom and gloom, we hear from the city, there’s a climate emergency; where is it? Not here now? Do you know what it’s based on? It’s based on computer models.” That’s all it’s based on.

Climate scientists use computer models to forecast what they think the climate will be in 50 or 100 years. The climate scare is not based on what’s happening in the real world. So, what is it that’s driving the climate scare? “There are a lot of vested interests,” says Harris. “World government, they want to have massive profits for the wind and solar sector. They want to take away a lot of our freedoms.”

How good are the models at forecasting climate if we use what we already know? Pretty poor is the answer. “If we go 30 years into the past, and we plug in the conditions that we know existed, temperature, density, pressure, all that sort of thing, and we run computer models to the present, do we get today’s conditions?” Not so much.

They call it hindcasting, in contrast to forecasting. Hindcasting shows the temperature rise in the last 30 years should be three times higher than it actually is. “They’re off by 300 percent,” says Harris. “And yet, those are the models that are being used by the UN, by the climate activists by the governments, by the City of Ottawa, they’re relying on these models that have massively failed.”

According to Harris, not one of the scientists’ ideas about climate change is right. Which begs the question – where are all the scientists who disagree with this? “They’re all over the place; at Ottawa University, we have Ian Scott, and at Carleton University, my mentor Tim Patterson and Fred Michael. These people are local, but they’re not covered by the media.

We’re not government funded, so we’re allowed to deal with the truth.”

From global warming to alternative energy sources, it’s all one big hoax, says Harris. “If you really want to kill this, you know, you must go after the science. Because if you don’t, it’s death by 1000 cuts.”
 

marsh

On TB every waking moment

America’s Seafood Industry Getting ‘Crushed’ by High Tariffs and Inflation​

US fish hit with duty going into China to be processed and then again when it arrives back for sale on these shores

By Autumn Spredemann
September 30, 2022 Updated: September 30, 2022

Fishermen are catching a lot more than seafood in their nets this year due to ongoing tariffs resulting from the U.S.-China trade war and sky-high inflation.

The resultant effect has crippled the majority of America’s seafood industry by making it less competitive.

Much of this is due to the amount of offshore processing done in China after the fresh catch is scooped up out of U.S. waters. The duty rates affect multiple varieties of fish, like salmon, tilapia, and tuna, along with shellfish species like crab and shrimp.

For more than a decade, America has been sending its bountiful ocean harvest overseas to China for processing due to cheaper labor and operation costs.

Of the estimated 6.3 billion pounds of seafood Americans consume annually, upwards of 65 percent of that is reimported back into the country.

The move saved U.S. companies about 80 cents per pound of fish in labor costs. With roughly 30 million pounds of salmon alone being sent to China for processing—that’s just from one U.S. supplier—the savings add up quickly.

However, offshore processing became a painful lesson in 2018 when the United States initiated a 25 percent duty tax on Chinese imports. Beijing retaliated the same year by slapping hefty tariffs on 128 American imports. Many of these are grocery items, including seafood.

Some seafood shipments are being hit with duty rates up to 45 percent.
The industry’s trawlers—launching from picturesque harbors over the past decade—represent 1.8 million jobs, $255 billion in sales, and $117 billion in value-added impacts.

But higher seafood prices have forced some U.S. suppliers to turn to more affordable Russian fish imports since 2018.

Russia is a leading global producer of seafood and the fifth largest wild-caught fish producer. It is a major exporter of pollock, which is used in products like fast food sandwiches and fish sticks.

In 2021, the United States imported $1.2 billion worth of Russian seafood products.

Offering cheaper prices on multiple species of whitefish and other fresh catch, Russia has become a major competitor for U.S. domestic seafood.

In March, President Joe Biden banned Russian seafood imports as part of the sanctions package against Moscow for its invasion of Ukraine in February.
Yet some experts say Russian fish is still finding its way onto U.S. dinner plates this year through China’s booming re-export business.

Compounding this is inflation this year. Seafood has outpaced other grocery products on inflated price tags, hitting an almost 17 percent increase as of July.

Financial expert and CEO of The Smart Investor, Baruch Silvermann, told The Epoch Times soaring inflation is taking a toll on all industries, including America’s fishing and seafood.

“This is particularly noticeable in exports as the dollar is stronger against other currencies. Since the dollar is stronger, it means that exports are less competitive and demand may continue to be weak,” he explained.

“For example, while one euro may have provided $1.20 last year, now, it is providing less than $1. This is a potential drop in profits of 20 percent,” Silvermann noted.

When it comes to imports and exports, Salvatore “Sal” Stile II knows his way around the yard. He’s the president of the Valley Stream-based shipping and customs clearance company Alba Wheels Up International in New York.

Stile says America’s fishing industry is “absolutely getting crushed” by a combination of tariffs, inflation, and port logistics.

“Basically, it works both ways. The China tariffs are impacting American fisheries because most American fish is sent to China for processing,” Stile told The Epoch Times.

After paying import duties upon arrival to China, American seafood is then returned for sale after processing. Once it reaches U.S. shores again, the fish becomes subject to a second tax.

And while consumers are seeing some of that cost burden in grocery stores, the vast majority is absorbed by industry workers.

“Our fishermen are fishing off small family owned vessels here in the North Pacific. The cost of fuel, bait, ice, and transportation costs are astronomical,” James Johnson, executive director of the Deep Sea Fishermen’s Union of the Pacific, told The Epoch Times.

The union is the oldest of its kind in the United States—founded in 1912—and claims the distinction of being the only U.S. maritime union that represents the concerns of crewmen.

Inflation and tariffs aside, Johnson explained the overhead and operating costs for boat crews are extremely high to begin with.

“And then what proceeds are left are paid back to the crew and if there’s any profit at the end then it’s divided by the crew and the ownership.
Fishing is kind of like a weird model,” he said.

“Every fisherman is an independent contractor, they’re not employees … so they bear a lot of the cost and responsibility directly. So I think when we see the cost of inflationary pressures it’s because it’s borne by the fishermen.”

Exacerbating this are ongoing logistical complications at maritime terminals.

The Parking Problem​

According to Stile, even when American fishermen have the opportunity to sell their products, they face hurdles like long wait times, lack of space, and skipped ports of call.

Lack of container space and congestion in U.S. ports garnered attention since the onset of the pandemic due to reduced operating capacity and the ability to export or receive containers from overseas.

The situation has improved some this year, but the same challenges remain.

“Some ports on the west coast are still suffering this issue. Some are not only skipped; empty containers aren’t being put back on the ships,” Stile explained.

The space availability dilemma for empty containers in American ports creates a chain reaction that also impacts the struggling seafood industry. Stile explained the empty container problem works, in essence, just like a parking garage.

“If you don’t have enough cars coming out, you can’t park.”

The empty container debacle also gets expensive fast, leading to canceled stops altogether to avoid heavy “detention” fees.

“You’re being charged for the unreturned containers. I had one client that couldn’t return containers, it cost him tens of thousands of dollars,” he said.

Keeping It Local​

While commercial fishing largely suffers from high tariffs, the roughly 35 percent of the industry that keeps its production local isn’t experiencing any China-U.S. trade fallout.

Up in Alaska, fishing is as much a part of life as scenic mountain vistas and grizzly bears.

As of 2020, the fishing industry generated more than $13 billion annually in economic output for the state and employs nearly 100,000 people full-time. That amounts to almost 14 percent of Alaska’s population.

Charlene Jones drives a propane truck in the city of Haines, which is located along the stunning and isolated Lynn Canal in the southeastern coastal region. When asked how important the fishing industry is in her area, Jones told The Epoch Times, “It’s critical.”

Fish wheel near Haines, Alaska on Sept. 29, 2022. (Courtesy of Charlene Jones)
Haines is the kind of place where local mom-and-pop stores line the streets and self-reliance is a way of life.

There’s not a single “golden arch” or brand name gas station in sight.

Moreover, the town also isn’t getting crushed by tariffs since their seafood processing is done in town and sold for local consumption.

“Haines Packing handles all the commercial fish locally,” Jones said.

Serving other coastal cities like Skagway and Whitehorse, Haines Packing has effectively shielded the city’s local seafood industry from international duty taxes since 1917.

By contrast, Kodiak is the hub of Alaska’s commercial fishing and is the third largest fishing port in the United States. More than 40 percent of salmon, 54 percent of cod, and a third of all seafood in the state are exported to China annually.

Though local or exported, fishing is still a tricky industry in Alaska.

“I know maybe 10 people who are commercial fishermen and that’s what they do, but it only exists in the summer. It’s a seasonal thing.”

Jones admits “It’s hard to find a job that pays your bills consistently.”

Though despite the success of keeping seafood local in Haines, Stile says it’s unlikely America’s seafood industry could bring commercial processing in-house on a larger scale.

“Between OSHA laws, labor, warehousing facility costs, it’s just not possible,” he said.
 

marsh

On TB every waking moment

Ramping Up Renewables Can't Provide Enough Heat Energy In Winter​

WEDNESDAY, OCT 05, 2022 - 05:40 PM
Authored by Gail Tverberg via Our Finite World blog,

We usually don’t think about the wonderful service fossil fuels provide in terms of being a store of heat energy for winter, the time when there is a greater need for heat energy. Figure 1 shows dramatically how, in the US, the residential usage of heating fuels spikes during the winter months.


Figure 1. US residential use of energy, based on EIA data. The category “Natural Gas, etc.” includes all fuels bought directly by households and burned. This is primarily natural gas, but also includes small amounts of propane and diesel burned as heating oil. Wood chips or other commercial wood purchased to be burned is also in this category.

Solar energy is most abundantly available in the May-June-July period, making it a poor candidate for fixing the problem of the need for winter heat.


Figure 2. California solar electricity production by month through June 30, 2022, based on EIA data. Amounts are for utility scale and small scale solar combined.

In some ways, the lack of availability of fuels for winter is a canary in the coal mine regarding future energy shortages. People have been concerned about oil shortages, but winter fuel shortages are, in many ways, just as bad. They can result in people “freezing in the dark.”

In this post, I will look at some of the issues involved.

[1] Batteries are suitable for fine-tuning the precise time during a 24-hour period solar electricity is used. They cannot be scaled up to store solar energy from summer to winter.

In today’s world, batteries can be used to delay the use of solar electricity for at most a few hours. In exceptional situations, perhaps the holding period can be increased to a few days.

California is known both for its high level of battery storage and its high level of renewables. These renewables include both solar and wind energy, plus smaller amounts of electricity generated in geothermal plants and electricity generated by burning biomass. The problem encountered is that the electricity generated by solar panels tends to start and end too early in the day, relative to when citizens want to use this electricity. After citizens return home after work, they would like to cook their dinners and use their air conditioning, leading to considerable demand after the sun sets.


Figure 3. Illustration by Inside Climate News showing the combination of resources utilized during July 9, 2022, which was a day of peak electricity consumption. Imports refer to electricity purchased from outside the State of California.

Figure 3 illustrates how batteries in combination with hydroelectric generation (hydro) are used to save electricity generation from early in the day for use in the evening hours. While battery use is suitable for fine tuning exactly when, during a 24-hour period, solar energy will be used, the quantity of batteries cannot be ramped up sufficiently to save electricity from summer to winter. The world would run out of battery-making materials, if nothing else.

[2] Ramping up hydro is not a solution to our problem of inadequate energy for heat in winter.

One problem is that, in long-industrialized economies, hydro capabilities were built out years ago.


Figure 4. Annual hydro generation based on data of BP’s 2022 Statistical Review of World Energy.

It is difficult to believe that much more buildout is available in these countries.

Another issue is that hydro tends to be quite variable from year to year, even over an area as large as the United States, as shown in Figure 4 above. When the variability is viewed over a smaller area, the year-to-year variability is even higher, as illustrated in Figure 5 below.


Figure 5. Monthly California hydroelectric generation through June 30, 2022, based on EIA data.

The pattern shown reflects peak generation in the spring, when the ice pack is melting. Low generation generally occurs during the winter, when the ice pack is frozen. Thus, hydro tends not be helpful for raising winter energy supplies. A similar pattern tends to happen in other temperate areas.

A third issue is that variability in hydro supply is already causing problems. Norway has recently reported that it may need to limit hydro exports in coming months because water reservoirs are low. Norway’s exports of electricity are used to help balance Europe’s wind and solar electricity. Thus, this issue may lead to yet another energy problem for Europe.

As another example, China reports a severe power crunch in its Sichuan Province, related to low rainfall and high temperatures. Fossil fuel generation is not available to fill the gap.

Part 1 of 2
 

marsh

On TB every waking moment

Part 2 of 2​

[3] Wind energy is not a greatly better than hydro and solar, in terms of variability and poor timing of supply.

For example, Europe experienced a power crunch in the third quarter of 2021 related to weak winds. Europe’s largest wind producers (Britain, Germany and France) produced only 14% of their rated capacity during this period, compared with an average of 20% to 26% in previous years. No one had planned for this kind of three-month shortfall.

In 2021, China experienced dry, windless weather, resulting in both its generation from wind and hydro being low. The country found it needed to use rolling blackouts to deal with the situation. This led to traffic lights failing and many families needing to eat candle-lit dinners.

Even viewed on a nationwide basis, US wind generation varies considerably from month to month.


Figure 6. Total US wind electricity generation through June 20, 2022, based on EIA data.

US total wind electricity generation tends to be highest in April or May. This can cause oversupply issues because hydro generation tends to be high about the same time. The demand for electricity tends to be low because of generally mild weather. The result is that even at today’s renewable levels, a wet, windy spring can lead to a situation in which the combination of hydro and wind electricity supply exceeds total local demand for electricity.

[4] As more wind and solar are added to the grid, the challenges and costs become increasingly great.

There are a huge number of technical problems associated with trying to add a large amount of wind and solar energy to the grid. Some of them are outlined in Figure 7.


Figure 7. Introductory slide from a presentation by power engineers shown in this YouTube Video.

One of the issues is torque distortion, especially related to wind energy.


Figure 8. Slide describing torque distortion issues from the same presentation to power engineers as Figure 7. YouTube Video.

There are also many other issues, including some outlined on this Drax website. Wind and solar provide no “inertia” to the system. This makes me wonder whether the grid could even function without a substantial amount of fossil fuel or nuclear generation providing sufficient inertia.

Furthermore, wind and solar tend to make voltage fluctuate, necessitating systems to absorb and discharge something called “reactive power.”

[5] The word “sustainable” has created unrealistic expectations with respect to intermittent wind and solar electricity.

A person in the wind turbine repair industry once told me, “Wind turbines run on a steady supply of replacement parts.” Individual parts may be made to last 20-years, or even longer, but there are so many parts that some are likely to need replacement long before that time. An article in Windpower Engineering says, “Turbine gearboxes are typically given a design life of 20 years, but few make it past the 10-year mark.”

There is also the problem of wind damage, especially in the case of a severe storm.


Figure 9. Hurricane-damaged solar panels in Puerto Rico. Source.

Furthermore, the operational lives for fossil fuel and nuclear generating plants are typically much longer than those for wind and solar. In the US, some nuclear plants have licenses to operate for 60 years. Efforts are underway to extend some licenses to 80 years.

With the short life spans for wind and solar, constant rebuilding of wind turbines and solar generation is necessary, using fossil fuels. Between the rebuilding issue and the need for fossil fuels to maintain the electric grid, the output of wind turbines and solar panels cannot be expected to last any longer than fossil fuel supply.

[6] Energy modeling has led to unrealistic expectations for wind and solar.

Energy models don’t take into account all of the many adjustments to the transmission system that are needed to support wind and solar, and the resulting added costs. Besides the direct cost of the extra transmission required, there is an ongoing need to inspect parts for signs of wear. Brush around the transmission lines also needs to be cut back. If adequate maintenance is not performed, transmission lines can cause fires. Burying transmission lines is sometimes an option, but doing so is expensive, both in energy use and cost.

Energy models also don’t take into account the way wind turbines and solar panels perform in “real life.” In particular, most researchers miss the point that electricity from solar panels cannot be expected to be very helpful for meeting our need for heat energy in winter. If we want to add more summer air conditioning, solar panels can “sort of” support this effort, especially if batteries are also added to help fine tune when, during the 24-hour day, the solar electricity will be utilized. Unfortunately, we don’t have any realistic way of saving the output of solar panels from summer to winter.

It seems to me that supporting air conditioning is a rather frivolous use for what seems to be a dwindling quantity of available energy supply. In my opinion, our first two priorities should be adequate food supply and preventing freezing in the dark in winter. Solar, especially, does nothing for these issues. Wind can be used to pump water for crops and animals. In fact, an ordinary windmill, built 100 years ago, can also be used to provide this type of service.

Because of the intermittency issue, especially the “summer to winter” intermittency issue, wind and solar are not truly replacements for electricity produced by fossil fuels or nuclear. The problem is that most of the current system needs to remain in place, in addition to the renewable energy system. When researchers make cost comparisons, they should be comparing the cost of the intermittent energy, including necessary batteries and grid enhancements with the cost of the fuel saved by operating these devices.

[7] Competitive pricing plans that enable the growth of wind and solar electricity are part of what is pushing a number of areas in the world toward a “freezing-in-the-dark” problem.

In the early days of electricity production, “utility pricing” was generally used. With this approach, vertical integration of electricity supply was encouraged. A utility would make long term contracts with a number of providers and would set prices for customers based on the expected long-term cost of electricity production and distribution. The utility would make certain that transmission lines were properly repaired and would add new generation as needed.

Energy prices of all kinds spiked in the late 1970s. Not long afterward, in an attempt to prevent high electricity prices from causing inflation, a shift in pricing arrangements started taking place. More competition was encouraged, with the new approach called competitive pricing. Vertically integrated groups were broken up. Wholesale electricity prices started varying by time of day, based on which providers were willing to sell their production at the lowest price, for that particular time period. This approach encouraged providers to neglect maintaining their power lines and stop adding more storage capacity. Any kind of overhead expense was discouraged.

In fact, under this arrangement, wind and solar were also given the privilege of “going first.” If too much energy in total was produced, negative rates could result for other providers. This approach was especially harmful for nuclear energy. Nuclear power plants found that their overall price structure was too low. They sometimes closed because of inadequate profitability. New investments in nuclear energy were discouraged, as was proper maintenance. This effect has been especially noticeable in Europe.


Figure 10. Nuclear, wind and solar electricity generated in Europe, based on data of BP’s 2022 Statistical Review of World Energy.

The result is that about a third of the gain from wind and solar energy has been offset by the decline in nuclear electricity generation. Of course, nuclear is another low-carbon form of electricity. It is a great deal more reliable than wind or solar. It can even help prevent freezing in the dark because it is likely to be available in winter, when more electricity for heating is likely to be needed.

Another issue is that competitive pricing discouraged the building of adequate storage facilities for natural gas. Also, it tended to discourage purchasing natural gas under long term contracts. The thinking went, “Rather than building storage, why not wait until the natural gas is needed, and then purchase it at the market rate?”

Unfortunately, producing natural gas requires long-term investments. Companies producing natural gas operate wells that produce approximately equal amounts year-round. The same pattern of high winter-consumption of natural gas tends to occur almost simultaneously in many Northern Hemisphere areas with cold winters. If the system is going to work, customers need to be purchasing natural gas, year-round, and stowing it away for winter.

Natural gas production has been falling in Europe, as has coal production (not shown), necessitating more imports of replacement fuel, often natural gas.


Figure 11. Natural gas production in Europe, based on data of BP’s 2022 Statistical Review of World Energy.

With competitive rating and LNG ships seeming to sell natural gas on an “as needed” basis, there has been a tendency in Europe to overlook the need for long term contracts and additional storage to go with rising natural gas imports. Now, Europe is starting to discover the folly of this approach. Solar is close to worthless for providing electricity in winter; wind cannot be relied upon. It doesn’t ramp up nearly quickly enough, in any reasonable timeframe. The danger is that countries will risk having their citizens freeze in the dark because of inadequate natural gas import availability.

[8] The world is a very long way from producing enough wind and solar to solve its energy problems, especially its need for heat in winter.

The energy supply that the world uses includes much more than electricity. It contains oil and fuels burned directly, such as natural gas. The percentage share of this total energy supply that wind and solar output provides depends on how it is counted. The International Energy Agency treats wind and solar as if they only replace fuel, rather than replacing dispatchable electricity.



Figure 12 Wind and solar generation for a category called “Wind, Solar, etc.” by the IEA. Amounts are for 2020 for Germany, the UK, Australia, Norway, the United States, and Japan. For other groups shown in this chart, the amounts are calculated using 2019 data.

On this basis, the share of total energy provided by the Wind and Solar category is very low, only 2.2% for the world as a whole. Germany comes out highest of the groups analyzed, but even it is replacing only 6.0% of its total energy consumed. It is difficult to imagine how the land and water around Germany could tolerate wind turbines and solar panels being ramped up sufficiently to cover such a shortfall. Other parts of the world are even farther from replacing current energy supplies with wind and solar.

Clearly, we cannot expect wind and solar to ever be ramped up to meet our energy needs, even in combination with hydro.
 

marsh

On TB every waking moment

"World Risks Living With Oil Shortage For A While," Warns Occidental CEO​

WEDNESDAY, OCT 05, 2022 - 04:40 PM

Warren Buffett's favorite energy company as of late has been Occidental Petroleum. He has increased Berkshire Hathaway's stake in the company with oil/gas operations in the US, Middle East, and other parts of the world to 21% and received regulatory approval to acquire up to 50%.

Buffett's aggressive buying of Occidental comes as CEO Vicki Hollub warned that a massive gap between supply and demand for oil had been masked by historical releases of the strategic petroleum reserve under the Biden administration.

"The lack of supply will continue to manifest itself as China starts to open up from Covid," Hollub explained in an interview on the sidelines of the Energy Intelligence Forum in London, Bloomberg quoted.

She warned the world is at risk of 'living with a shortage for a while' that will send prices higher, adding the lack of supply will become more evident in the first quarter of 2023.


To get an idea of Biden's political emptying of the SPR ... there are only 22 days of supply left.



Historic SPR releases come ahead of the Biden administration attempting to arrest gasoline pump prices, but a resurgence in crude and wholesale gasoline prices means their efforts are about to fail.



And if OPEC+ decides to slash production on Wednesday by 1-2 million barrels a day, it might force the administration to take more drastic measures to arrest prices. We explain more here: White House Panics As Gasoline Prices Rebound, Mulls Export Ban, Blasts OPEC+ "Hostile Acts."

Occidental's Hollub is correct about spare capacity woes that plague nearly all corners of the crude-producing world. That's because of chronic under-investment in the oil sector for several years due to the bright idea of the people who run the world that thought a green transition would be seamless...
It's not just Hollub warning about capacity issues and the inability to ramp up production. We pointed out in June that French President Emmanuel Macron claimed Saudi Arabia wouldn't have the additional capacity within the coming six months.

Then in July, WSJ's energy correspondent Summer Said reported the Saudis have a production capacity ceiling of 12 million barrels a day. That means the potential output increase is only 1.5 million barrels a day. And there isn't much hope of raising above the 12 million mark anytime soon.

Infographic: Is Saudi Oil Production at Capacity? | Statista

And remember an early August OPEC+ meeting that raised September output by only 100,000 barrels a day. The meeting noted "severely limited excess capacity" to boost supplies, which at the time was a slap in the face for Biden, who traveled to the Saudis to beg for higher production increase.

Then in late August, OPEC Secretary-General Haitham Al-Ghais sat down with Bloomberg Television and warned:

"We are running on thin ice, if I may use that term, because spare capacity is becoming scarce. The likelihood of a squeeze is there."

It was only Tuesday when Saudi Aramco CEO Amin Nasser told the Energy Intelligence Forum in London, "when China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity."

"And when you erode that spare capacity the world should be worried. There will be no space for any hiccup — any interruption, any unforeseen events anywhere around the world," Nasser said.


So back to Occidental's Hollub, the latest to warn about spare global oil production capacity issues due to years of underinvestment, which could increase crude prices. Perhaps the prospects of higher crude prices are why Buffett has fallen in love with Occidental.
 

marsh

On TB every waking moment

Biden Blasts "Short-Sighted" OPEC+ Cut, Blames US Energy Firms For Surging Pump Prices​

WEDNESDAY, OCT 05, 2022 - 08:25 AM
Update (1327ET):

Rystad Energy AS analyst Louise Dickson was on Bloomberg TV earlier today and explained a much tighter oil market is ahead following the announcement of OPEC+ cuts.

"We're now steering down into a much tighter oil market for the remainder of 4Q 2022, in particular December 2022, where we could see a split from a surplus to draws," Dickson said.

He also pointed out:
"OPEC+ could in fact sort of unintentionally spur a bit of a supercycle in pricing and this is a bit of a precarious situation to put the market into".

So is brent headed back over $100 a barrel?


* * *
Update (1244ET):
White House Press Secretary Karine Jean-Pierre said after today's production cuts, "OPEC+ is aligning with Russia."

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... sound about right.

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* * *
Update (1125ET):

The Biden administration is absolutely furious with the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, for agreeing to slash oil production by 2 million barrels per day.

CNN's Chief Congressional Correspondent Manu Raju tweeted that President Biden responded to the OPEC+ cut announcement by saying he's "concerned" and called it "unnecessary."

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Biden's top national security and economic advisors expressed their disappointment in the OPEC+ production cuts via a statement:

The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine. At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on low'er- and middle-income countries that are already reeling from elevated energy prices.

The President's work here at home, and with allies around the world, has helped to bring dowm U.S. gas prices: since the beginning of the summer, gas prices are down $1.20 - and the most common price at gas stations today is $3.29/gallon.

At the President’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month, continuing the historic releases the President ordered in March.

The President will continue to direct SPR releases as appropriate to protect American consumers and promote energy security, and he is directing the Secretar)' of Energy to explore any additional responsible actions to continue increasing domestic production in the immediate term. The President is also calling on U.S. energy companies to keep bringing pump prices down by closing the historically large gap between wholesale and retail gas prices — so that American consumers are paying less at the pump.

In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.

Finally, today’s announcement is a reminder of why it is so critical that the United States reduce its reliance on foreign sources of fossil fuels. With the passage of the Inflation Reduction Act, the U.S. is nowr poised to make the most significant investment ever in accelerating the clean energy transition while increasing energy security, by increasing our reliance on American-made and American-produced clean energy and energy technologies.


... and what tools might those be?

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Can it be more of this?



It also appears OPEC+ has made its views entirely clear to the White House as well...

1665024305044.png

Maybe it was the Democrats who were 'short-sighted'...

1665024277009.png

Rep. Steve Scalise, the second-ranking House Republican, tweeted the epic fail of the Biden admin.

1665024235055.png

Brent crude finds weekly support above the 100-day moving average.



Goldman Sachs' Damien Courvalin breaks down what a 2 million barrels per day OPEC+ cut means for oil markets.

We detailed below, ahead of the announcement, the White House said the prospect of a production cut would be a "total disaster" and "hostile act."

* * *

OPEC+ could be on the verge of one of the largest production cuts in two years, a move White House officials would undoubtedly have a 'panic attack' as they attempt to dissuade the 23 crude-producing countries and its allies, such as Russia, from making the cuts.

OPEC+ is considering cutting 2 million barrels a day, and on the smaller side, a reduction of 1-1.5 million barrels a day, delegates said. Such a move would be a blow to Washington as the Biden administration has scrambled to unleash record amounts of crude from the strategic petroleum reserve to tame soaring crude prices this summer.

"Higher oil prices, if driven by sizeable production cuts, would likely irritate the Biden administration ahead of US midterm elections," Citi strategists wrote in a note.

Citi strategists appear correct: CNN obtained some of the draft talking points circulated by the White House to the Treasury Department this week and called the prospect of a production cut a "total disaster" and "hostile act."

"There could be further political reactions from the US, including additional releases of strategic stocks," the strategists added. They said the Biden administration could also push forward with an anti-trust bill targeting OPEC.

But that's not all. According to Bloomberg, White House officials are discussing possible export bans on gasoline, diesel, and other refined petroleum with the Energy Department.

People familiar with discussions said administration officials are discussing export bans of refined products with top oil industry leaders as the risk of an OPEC+ reduction could catapult fuel pump prices higher ahead of the midterm elections in November.

And given the resurgence in crude and wholesale gasoline prices, regular pump prices are set to soar again...



Another person said the Energy Department is analyzing the economics of an export ban. Bloomberg said both people familiar with talks asked not to be identified because discussions are still private.

Despite Biden's SPR drain, hitting levels not seen since 1984, the export ban could be the most controversial move yet by the desperate administration to tame pump prices ahead of the midterm elections next month.



Biden's political emptying of the SPR has left it with a record low of just 22 days of supply...



Top oil execs and industry experts have blasted the proposed export ban, saying it could backfire and result in even higher gasoline, diesel, and jet fuel prices, while throwing energy markets into turmoil in Europe ahead of winter.

In a letter to the Energy Department, Exxon's CEO Darren Woods wrote last week that "continuing current Gulf Coast exports is essential to efficiently rebalance markets—particularly with diverted Russian supplies."

"Reducing global supply by limiting US exports to build region-specific inventory will only aggravate the global supply shortfall," Woods said.

On Tuesday, the American Petroleum Institute warned any attempt to ban exports will disrupt not just global markets but harm US national security and geopolitical standing. API continued:

Banning or limiting the export of refined products would likely decrease inventory levels, reduce domestic refining capacity, put upward pressure on consumer fuel prices, and alienate US allies during a time of war. For these reasons, we urge the Biden administration to take this option off the table and focus instead on working with us on policies that will strengthen US energy security and protect consumers.

API outlined the major points from a July study via the American Council for Capital Formation about the economic impacts of a potential export ban of refined products:

1. An export ban could result in the shuttering of an estimated 1.3 million barrels per day of US refining capacity (7% of US total) due to trapped refinery production in the Gulf Coast. The loss of this capacity would likely strand a surplus of crude oil in the Central United States, halting important upstream energy production.
2. An export ban could result in higher product prices for US fuel consumers, with more than two-thirds likely to experience price increases of more than 15 cents per gallon for gasoline and 45 cents per gallon for distillates.
3. An export ban could cause a net loss to US GDP of more than $44 billion in 2023.
4. An export ban could eliminate 85,000 jobs this year and 35,000 job losses during 2023.


"There simply is not sufficient pipeline connectivity or the range of economic shipping alternatives that would be required to transport significantly more fuel to the East Coast from refineries in the Gulf, API continued, adding, "Banning exports of fuel from the United States will not eliminate this challenge or make it easier and more affordable to supply American-refined fuel to the East Coast. Instead, by cutting into global fuel supplies, it would likely raise the cost of fuel imported into the East Coast from the global market."
 
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marsh

On TB every waking moment

Cargo Shipowners Cancel Sailings, Container Spot Rates Plunge Amid Reversal In 'Bullwhip-Effect'​

WEDNESDAY, OCT 05, 2022 - 06:00 PM

In May, we outlined that a reversal of the "shortage of everything" bullwhip effect was nearing, as skyrocketing inventories (the result of Covid-era overordering due to snarled supply chains) was about to hit a faltering economy, and prices of goods would decline as companies would be forced to liquidate excess inventories into a recession (see "Bullwhip Effect Ends With A Bang: Why Prices Are About To Fall Off A Cliff" from May 23). We reminded readers about this a few times over the summer ("Bullwhip-Effect Reversal Is The Major Downside Growth Risk" and "Container Rates Slump As "Bullwhip Effect" Enters Terminal Phase").

Last week, the reverse bullwhip was apparent in Nike's 'shocking' quarterly report after shares plunged more than 10% following the announcement of deteriorating earnings, and the margin outlook for the year was slashed. We warned retailers building inventory at a rapid clip this year was going to be disastrous, which is precisely what the sportswear giant reported.

It's not just Nike. Across the board, retailers are dealing with multi-decade highs in the inventory-to-sales ratio, which has caused importers to reduce shipments from overseas suppliers.


Reduced demand fo foreign goods has led to an increase in container lines canceling dozens of sailings in some of the world's busiest shipping lanes ahead of the year's biggest shopping season.

WSJ pointed out, "the October cancellations are a sharp reversal from just a few months ago, when scarce shipping space pushed freight rates higher and carriers' profits to record levels."

Trans-Pacific shipping rates are cratering. The Shanghai-Los Angeles freight rate for containers has plunged a whopping 73% since peaking this time last year.



WSJ cited data that showed for the first two weeks beginning on Oct. 3, about 40 scheduled sailings between Asia and US West Coast were canceled. On average, there are about 2-4 sailings a week scrapped for this time of year.'

Carriers have also canceled key shipping routes between Asia and Europe:

"In the first week of October, one-third of previously announced capacity will be blanked and for the second week, it will be around half.

"The downturn pace in recent weeks has been very fast and it looks like carriers misread the low volumes of a nonexistent peak season," said Peter Sand, chief analyst at shipping-data providers Xeneta and Sea-Intelligence.


"The global economy has thrown a few curveballs this year, and our outlook on future demand is uncertain and tepid. Overcapacity will likely become an issue from the middle of 2023 through to 2024 and potentially beyond," said Jonathan Roach, a container analyst at Braemar.

Last month, FedEx Corp.'s CEO Raj Subramaniam delivered a chilling message while speaking with CNBC's Mad Money with Jim Crammer: The global economy is "going into a worldwide recession."

Besides the terminal phase of the bullwhip effect resulting in retailers liquidating excess inventory, it has also produced a harsh environment for shippers canceling sailings that have sent container rates plunging.
 

marsh

On TB every waking moment

Gasoline Prices Keep Climbing, But Retail Gas Station Margins Plunge, With Many Now 'Under Water'

WEDNESDAY, OCT 05, 2022 - 03:00 PM
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses.

The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to data from American Automobile Association (AAA). In contrast, profit margins of gas stations have gone down.

“OPIS MarginPro shows retail gas margins are ~18cts/gal nationwide. That’s down 17cts/gal in a week; 25cts/gal in a mo.; and 54cts/gal lower than end 1Q 2022. When one considers operating costs (labor, credit card fees, etc.), many stores are under water,” noted Tom Kloza, an expert on North American fuel markets, a tweet. on Oct. 4.

In 2021, the gross margin on gasoline was $0.309 per gallon, or 10.2 percent of the $3.03 per gallon average price, according to global trade association NACS. In the previous five years, retail gross margins on gas averaged $0.272 per gallon, which comes to 10.7 percent of the gas price.

An analysis of weekly rolling average profit margin of 30,000 U.S. gas stations published at Fortune found that they only make a net profit of around $0.03–0.07 per gallon after factoring in costs such as labor, credit card transaction fees, insurance, and utilities.

The net profit of gas stations comes to less than 2 percent, which is very low when compared to other high-profit industries like the banking sector, which is estimated to net around 30 percent margins.

Blaming Gas Stations and Companies, Strategic Reserve Release
While gas stations are dealing with low profit margins, the Biden administration is blaming rising gasoline prices on these businesses.

During a White House meeting on Sept. 26, President Joe Biden insisted that gas stations and oil companies are making a “lot of profit” due to which the public is paying the price of high inflation.

“To the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product. Do it now,” the president said.

Meanwhile, two leading oil industry groups have raised concerns that the Biden administration might limit or ban the export of refined petroleum products to build domestic inventories of gasoline.

If implemented, such a move will limit the markets for refiners, curb capacity, and push up gas prices in the long run, noted Patrick De Haan, an oil expert, in a tweet on Oct. 5.

Under the Biden administration, the Strategic Petroleum Reserve dropped to 422.858 million barrels of oil, as of Sept. 23, from 617 million barrels on Oct. 1, 2021. This is the lowest level since 1984.

In an interview with Just the News, Tim Stewart, the head of the U.S. Oil and Gas Association, pointed out that the United States is selling more oil from its reserves than the production of medium-sized OPEC nations like Angola or Algeria are selling.

“We’re selling twice as much per day than we’re producing out of Alaska. That puts us somewhere between Exxon and Conoco in terms of … the impact we’re having on the daily supply—and this is happening without new oil going in to replace it,” he said.
 

marsh

On TB every waking moment

Newsom Calls For Taxing Oil Companies During Fuel Crisis

WEDNESDAY, OCT 05, 2022 - 02:20 PM
Authored by Jill McLaughlin via The Epoch Times,

Gov. Gavin Newsom is calling on state lawmakers to impose a new tax on oil companies as gas prices continue to escalate in California, but industry experts say the tax would add more cost for consumers and could destabilize oil businesses.

Prices at the pump in the Golden State are the highest in the nation, climbing again this week to an average of $6.41 per gallon Oct. 4, according to the Automobile Club of Southern California.

The governor claimed Sept. 30 that refinery issues and the state’s high gas taxes were not to blame.

“Gas prices in California have increased by a record 84 cents per gallon in just over one week,” Newsom said in a fiery video message.

“It just doesn’t add up. And oil companies, they provide no explanation.”

The state’s Energy Commission sent a letter the same day to refinery executives asking them to explain the price increases, pointing to lower-than-normal inventories of gasoline as a possible contributing factor.

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Newsom accused the oil refineries and companies of profiting from the situation.

“The fact is, they’re ripping you off,” Newsom said in a Sept. 30 statement.

“Their record profits are coming at your expense. We’re not going to stand by while greedy oil companies fleece Californians.”

Newsom said he is working with legislators to propose charging oil companies a “windfall profits tax” on earnings above a set amount each year. Revenue generated from the tax would be refunded to taxpayers, according to the statement.

He also asked the California Air Resources Board, a state regulatory agency, to allow retailers to start using less-expensive winter-blend gasoline early this year. The state required retailers to sell an emissions-reducing summer-blend fuel, which adds as much as 25 cents per gallon.

The early transition should increase supply and save consumers the extra cost per gallon, according to the statement.

Record Prices Caused by Refinery Shortage, High Gas Tax
Consumers were paying record prices for fuel this week in Los Angeles as the average price reached $6.49 Oct. 4.

In Orange County, prices hit a new record at $6.45 per gallon on average. The average price has risen in 14 of the past 15 days in the county, increasing by $1.05. This is nearly 51 cents more than last week, $1.22 higher than one month ago, and $2.07 greater than a year ago.

Prices began to escalate after four large refineries in California shut down in September for planned and unplanned maintenance, cutting off much of the state’s gas supply.

This has forced retailers to compete with other states and countries for oil. Prices are rising drastically as a result, according to oil industry experts.

Despite record gas prices, California increased its gas tax rate again in July.

The state now adds 53.9 cents of tax per gallon—the highest in the nation.

Windfall Tax Might Drive Up Consumer Prices
The windfall tax would further increase gas prices, the Western States Petroleum Association told The Epoch Times.

“The Governor and the Legislature fail to understand time and time again that their policy decisions have a major impact at the pump,” said Kara Greene, spokeswoman for the association.

“Governor Newsom has the ability to quickly lower gas prices by suspending gas taxes and his regulatory program costs, but he’s deliberately chosen to make another policy decision to further increase costs on consumers through yet another tax on fuel.”

Also, targeting the industry with a windfall tax for making money during profitable times and not providing relief during downturns seems unfair, one industry expert and lawmaker in the Permian Basin between Texas and New Mexico—a region that supplies 40 percent of the country’s oil production—told The Epoch Times.

“[The proposed tax] just doesn’t make the playing field consistent,” New Mexico State Representative Greg Nibert said. Nibert is also an oil and gas attorney and a member of the Energy Council, a nonpartisan legislative forum for energy-related policies in the southwest.

Such tax would also destabilize oil businesses, he said.

“It doesn’t account for the bad times, as well as the good times,” he said.

“The oil industry can be really good for a short time and then it can be really bad for a short time. Right now, it’s really good. But every oil company knows that they need to build their war chest because, in a few years, they’re going to see it go down.”

The oil industry historically cycles through market extremes. One notable downturn occurred at the onset of the COVID-19 pandemic when much of the world was locked down.

On April 20, 2020, oil producers had to pay customers to take oil off their hands because the West Texas Intermediatecrude oil contract dropped 306 percent—the largest one-day drop since 1983—and settled at negative $37.63 a barrel on the New York Mercantile Exchange, according to financial news website Market Watch.

“California is in a pretty interesting place energy-wise,” he said.

“You have a state that politically does not want fossil fuels, and you have a huge demand for fossil fuels. And, you have limited infrastructure to get oil to your refineries,” he added.

To meet the need, California has been importing more than half of its oil supply from foreign countries since 2012—except for 2020, the first year of the COVID-19 lockdown—according to the state Energy Commission.

In 2021, the state imported nearly 300,000 barrels—filling 56 percent of the total supply—from a list of countries topped by Ecuador, Saudi Arabia, Iraq, and Brazil. Domestically, the state produced 151,300 barrels of oil—about 29 percent—and imported another 78,100—15 percent—from Alaska last year, according to the commission.
 

marsh

On TB every waking moment

"The Whites Of Their Eyes"

WEDNESDAY, OCT 05, 2022 - 08:20 AM
By Peter Tchir of Academy Securities

The Whites of Their Eyes
“Don’t Fire Until You See the Whites of Their Eyes” was allegedly the command given to soldiers at the Battle of Bunker Hill. The original intent of the order was to ensure that ammunition wasn’t wasted when the shots were unlikely to be effective.

That has changed over time to mean “don’t act too early.”

But maybe we need to go back to the original order and think about the soldiers (nervous, even scared, facing an enemy likely already firing at them) and imagine how difficult it was to stand their ground and hold their fire until the right moment.

At Academy, many of my colleagues have faced enemy fire. I think that universally they will tell you how difficult it is. Even with intense training, team building, leadership, and so many other things designed to prepare them for that moment, it is still a difficult test.

Which brings me to the Fed.
The Fed has had a consistent message since Powell’s Jackson Hole speech. The Fed doesn’t care about recession and they might even welcome one. They don’t care about job losses, and in fact, they are targeting job losses. They say that they will do anything to fight inflation and that they need to do more, despite:

Evidence that rising rates are slowing major purchases and the economy.

COVID related supply chain issues and fiscal stimulus created much of the inflation (which had very little to do with monetary policy).

Saying that it was transitory for a year or more and now acting as though it is permanent.

Anchoring inflation expectations both in surveys and market-based measures.

Ignoring their own models that acknowledge prior actions take time to show up in the data.

A dangerous geopolitical landscape with North Korea reminding us to pay attention to them and Iran busily working on their nuclear options (in addition to issues with Russia and China).

Evidence that QE and QT distort prices more than other traditional tools and unwinding them may be more impactful than thought.

Will the Fed wait until they see the proverbial whites of their eyes, or will they blink first?

If your legacy was Mr. Inflation or Mr. Recession, which would you go for?

We know that the Fed has presented a unified front with the inflation fighting mantra, but does everyone really want to go down with the ship if it is sinking?

Bottom Line
Expect weaker data, including jobs.

The Fed might try to stick to the hawkish rhetoric, but I expect some cracks in the messaging. The bad news is good trade is not over yet, but it needs Fed corroboration, which I expect to happen in the coming days. There will be some “sticking to the inflation fight” mantra, but just enough words will be used to keep this rally alive.

My view remains that this will morph into “bad news is bad” after that because we’ve already started rolling the rock down the hill and have been pushing when we already should have been pulling it back.
 

marsh

On TB every waking moment

https://www.zerohedge.com/markets/americans-just-lost-300-billion-savings-due-excel-spreadsheet-revision

Americans Just "Lost" $300 Billion In Savings Due To An Excel Spreadsheet Revision​

WEDNESDAY, OCT 05, 2022 - 02:00 PM
Last week, alongside the release of the last revision to Q2 GDP, the Bureau of Economic Analysis also released revisions to national accounts going back several years. They had profound implications for the perceived state of the US economy, and contained some good and some terrible news.

First, the good news: the revision helped to resolve a data conundrum that had been bothering economists - namely the historically large gap between GDP and GDI. As BofA's Michael Gapen explains, GDP was revised modestly higher coming out of the pandemic, while growth in GDI was revised sharply lower. In the debate over whether growth in economic activity slowed markedly in the first half of the year (the prior signal from GDP) or grew modestly (the prior signal from GDI), the latest revisions point in the direction of GDP sending the more accurate signal in real time (yes, it was slowing, contrary to what the Biden admin says).

While that in itself will not resolve the debate whether the US economy was in recession in 1H 22 (it was, but the determination is super political and won't happen ahead of the midterms), it does confirm that momentum slowed appreciably, despite re-opening forces and the rotation of household spending toward services. Bottom line: after revisions, real GDI rose by only 0.8% and 0.1% q/q saar, respectively, in the first and second quarter this year.



The very bad news is that as we expected, the revision confirmed that the US consumer was in worse shape than the data suggested. Far worse shape: That's because the downward revisions to national income were also accompanied by downward revisions to personal income. While personal income was largely unchanged after revisions in 2017 and 2018, it was revised more sharply higher in over the three years ending in 2021, largely on account of non-compensation income sources. That said, after adjusting for inflation and upward revisions to private consumption, the saving rate, measured in percent of personal disposable income was revised consistently lower in 2021. As a result, the saving rate is now reported as ending 2021 at 7.3% versus 7.9% previously.



In 2022, the saving rate was revised even further to 3.4% in 2Q 22 from 5.1% previously. This confirms that contrary to the narrative of 'excess savings', households actually pulled the saving rate lower than previously reported to support spending during a period when inflation was rising rapidly, particularly for nondiscretionary items like food and energy.



In dollar terms, this means that instead of personal savings just shy of $1 trillion (relative to disposable personal income of $18.7 trillion), the dollar value of savings as of August 2022 was actually just $650 billion, a $300 billion drop in savings - and thus wealth - relative to the-prevision number, which of course never existed anywhere besides some (faulty) spreadsheet at the Department of Commerce, and which may have been politically incentivized to show a far higher (and thus healthier) value going into the midterms.

Commenting on this unexpected revision lower, Pantheon Global said that Americans “have run down a much bigger proportion of their pandemic savings than implied by the previous data. The new data show that the peak savings stock was $2.1T, in August last year, and some $630B has been spent, about 31%."



JPM economists also chimed in, writing that "household excess savings amounted to 10-13% of income as of 2Q, but “this took a large hit with last week’s US [data] revisions." In other words, not only was the savings buffer of US consumers about 30% lower than "calculated" before, but since this directly Fed into income, with the saving rate now running 5% below its pre-pandemic level, this stockpile will be eaten through by early next year."

Translation: all those Biden stimmies resulting in what economists vowed was over $2 trillion in excess savings and thus stability for the US economy even in a recession scenario, have been largely wiped out, and will be wiped out in just a few months as the chart below shows.



The implication is simple: with the middle class actually far poorer than previously estimated, the next round of stimulus - whether fiscal (good luck with a splite Congress after November) or monetary - can't come fast enough.
 

marsh

On TB every waking moment

Mortgage Application Pace Plunges To 25-Year Low As Housing Recession Deepens​

WEDNESDAY, OCT 05, 2022 - 10:20 AM
Authored by Naveen Anthrapully via The Epoch Times,

The pace of mortgage applications has fallen to a multi-decade low amid high housing interest rates, according to the latest data from the Mortgage Bankers Association (MBA).

The Market Composite Index, a measure of mortgage loan application volume, declined by 14.2 percent on a seasonally adjusted basis for the week ended Sept. 30, 2022, compared to a year earlier. The Refinance Index fell 18 percent from the previous week, while the Purchase Index registered a decrease of 13 percent.

Joel Kan, MBA’s associate vice president of economic and industry forecasting, pointed out that overall mortgage application activity dropped to its “slowest pace” since 1997, according to a press release on Oct. 5.



For the week ended Sept. 28, 2022, a 30-year fixed-rate mortgage was 6.70 percent, which is more than double what it was a year ago, at 3.01 percent.

“The current [mortgage] rate has more than doubled over the past year and has increased 130 basis points in the past seven weeks alone,” Kan said.

“The steep increase in rates continued to halt refinance activity, and is also impacting purchase applications, which have fallen 37 percent behind last year’s pace.”

Mortgage numbers were also affected by Hurricane Ian hitting Florida last week, as it triggered widespread evacuations and closures, he noted. Mortgage applications in Florida alone fell by 31 percent.

Construction spending in the country, an indicator of total spending on all types of construction, had fallen for the second consecutive month in August, according to a U.S. Census Bureau report, signaling that the housing market is slipping further into a recession.



In July, the National Association of Realtors (NAR) had warned that the United States was in a “housing recession,” as existing home sales fell by 5.9 percent.

Federal Rates​

On Sept. 21, the Federal Reserve raised its benchmark federal funds rate by 0.75 percentage points, to a range of 3.0–3.25 percent. In February, the fed funds rate was only at 0.08 percent.

This increase in federal rates has inevitably caused a rise in mortgage rates as well, contributing to the dampening of housing demand.

Between February and September, the average interest rate on a 30-year fixed-rate mortgage rose from 3.55 percent to 6.70 percent, according to mortgage lender Freddie Mac.

“As the Federal Reserve continues to move interest rates upward, mortgage financing has become more expensive, a process that continues to this day,” Craig J. Lazzara, S&P’s Dow Jones managing director, said in a July note.
“Given the prospects for a more challenging macroeconomic environment, home prices may well continue to decelerate.”

Elevated mortgage rates have worsened home affordability. According to an analysis by Bankrate, owning a home now takes up around 27 percent of a typical family’s monthly income, compared to only 19 percent a year ago.
 

marsh

On TB every waking moment
Klaus Schwab connects governmental “actors” from around the world. 2:00 min

KLAUS SCHWAB CONNECTS GOVERNMENTAL “ACTORS” FROM AROUND THE WORLD.​

So here is creep Schwab talking about his actors in all the global organisations.. they own our politicians.

Klaus Schwab connects governmental “actors” from around the world. The World Economic Forum is in constant touch with global leaders.

They declare various Crises, like the covid pandemic and climate crisis, and then they solve them...at the expense of your wallets and your freedoms...and ultimately your life!
 

marsh

On TB every waking moment

Peer Reviewed Study: 94 Percent of Vaccinated Patients With Subsequent Health Issues Have Abnormal Blood​

The study was published in the International Journal of Vaccine Theory, Practice and Research this past August

by CULLEN MCCUE
Last Updated on October 5, 2022

Physicians in Italy evaluated the blood of 1,006 patients who had received at least one dose of an mRNA COVID-19 vaccine and found “foreign matter” long after vaccination, according to a new study. Their results were published in the International Journal of Vaccine Theory, Practice, and Research in August 2022, the Epoch Times reported.

The three surgeons who conducted the study — Franco Giovannini, M.D., Riccardo Benzi Cipelli, M.D., and Giampaolo Pisano, M.D.— examined freshly drawn blood of over 1,000 patients using direct observation under microscopes in order to evaluate the blood.

In the study, Italian doctors used optical microscopy, or regular light microscopes, to examine the blood. According to the Epoch Times, light microscopy provides a direct image of what is under the lens. This is not the case with electron microscopy. With optical microscopy, doctors are able to better understand a patient’s health by examining blood cell shape, as well as whether they are aggregated (clumped together), in order to make determinations.

In their 60-page, peer-reviewed study, the Italian physicians detailed case studies based on their observations.

Of the 1006 patients, 426 were men and 580 were women. 141 subjects received just one dose of an mRNA COVID-19 vaccine, 453 received two doses, and 412 had received a booster shot (three doses in total) at the time of the blood draw. The patients ranged in age from 15 to 85, with an average age of 49.

All 1,006 patients were seeking medical treatment because they were not feeling well, presenting with a wide variety of health issues. On average, the patients whose blood was examined had been vaccinated about one month prior.

Of the 1,006 patients, just five percent — or 58 individuals — had blood that looked normal and healthy.

The doctors were able to examine the blood of 12 of the patients before they had received any COVID-19 vaccine injections. At that time, prior to vaccination, all 12 of those patients were found to have normal, healthy blood, the researchers reported.

Side-by-side pictures of a patient’s blood before and after vaccination revealed stark differences. Prior to vaccination, the red blood cells are separate from each other and are round, while the blood drawn after vaccination revealed red blood cells that are deformed. Furthermore, the cluster in coagulation around visible “foreign material” that was not present before.

The foreign material appeared to collect into structures, at times forming crystals, while other times forming long tubes or fibers, researchers reported.
Two shapes repeatedly noticed by the Italian doctors were “crystal-like chunks and tube-like lengths.”

The researchers could not confirm that what they were seeing was graphene, though they did point out that graphene can aggregate into shapes similar to those they observed. If graphene was indeed assembling into structures within the bloodstream, it could be a cause of clotting.

Graphene is a form of carbon that occurs when the atoms are arranged in hexagons, making a flat crystal, like a sheet. In this form, carbon behaves chemically like a metallic compound.

Graphene has been used in nasal-delivery flu vaccines, though it has not been listed as an ingredient in Pfizer and Moderna’s mRNA vaccinations. The researchers were unable to test for graphene, and while they could not determine the cause of the abnormal blood observations, they felt their findings needed to be shared with the medical community.
 
Last edited:

marsh

On TB every waking moment
Confessions of an Economic Hit Man 3:02 min

CONFESSIONS OF AN ECONOMIC HIT MAN​

Director Nikita Mikhalkov speaks on the book "Confessions of an Economic Hit Man" by John Perkins and why everyone should read it in order to understand the situation in the world.

(Comment: This is also why you are seeing Developing nations crash as their dollar denominated debt increases astronomically as the dollar climbs in purchasing power in relation to their own currency. Their debt balloons.)
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=6885AcqZOtc
48:10 min

America’s New Alamo: Why We MUST Draw a Line in the Sand | Glenn TV | Ep 228​

Premiered 2 hours ago

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BlazeTV

What is your line in the sand — the point at which you take a stand and say "no"? Is it an assault on your religion? Your kids and their education? The breakdown of society? The rule of law? Is it impoverishment and the collapse of the economy?

Frighteningly, ALL of them are currently under assault, and we’re being demoralized into submission. We’re being made to look the other way in the face of evil and to accept all of it as just part of the "new normal." We were warned this would happen back in the early 1980s. Now the media and Left try to dismiss any sane objection to depravity as “the new Satanic Panic.” There is no cabal orchestrating our demise, but IT DID have an origin. There are but a few stages left until it’s all over. Glenn exposes the ultimate Achilles' heel of the entire process. We can stop America’s moral decline, but more Americans need to rise up and find the courage to say "NO FARTHER!" or this will be our new Alamo.
 

marsh

On TB every waking moment

APPEALS COURT DEALS BLOW TO DACA PROGRAM BY DECLARING IT ILLEGAL, BUT LEAVES POLICY INTACT FOR NEARLY 600,000 ‘DREAMERS’​

BY: DAVID CARON
ON: OCTOBER 5, 2022

A federal appeals court today declared DACA illegal but left the policy intact for the 600,000 immigrants already enrolled.

The case is now set to go back to U.S. Judge Andrew Hanen for a final ruling.

Current DACA recipients can continue to apply for renewals but the ruling deals a blow to the Obama-era program as a whole.
Democrats in the House sounded off following the ruling.

U.S. Congressman Juan Vargas (D-CA) declared in a tweet, ”This decision provides temporary relief to DACA recipients.”

“We need a pathway to citizenship for the millions of immigrants who call our country home”

“It’s high time the Senate pass the Dream and Promise Act.”

U.S. Congressman Chuy Garcia (D-IL) echoed his colleague as he insisted, ”While this decision brings relief to current DACA recipients, it underscores the urgent need for Senate action on The Dream and Promise Act.”

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“We must provide long-term stability for DACA recipients and not close the door on the many young people who already call this country home.”

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marsh

On TB every waking moment

Shocking Email: Feds Purposefully Made Kids Miserable During Covid Pandemic to Coerce Them Into Getting Vaxxed

"[W]e have seen leveraging athletics and extracurriculars as a way to boost you vaccination as an effective tactic across the county.”

Kyle Becker
4 hr ago

The federal government's response to the Covid-19 pandemic may already be one of the most infamous chapters in U.S. history. But new evidence keeps coming to light that reveals the "Experts" were every bit as cynical and dishonest as most citizens had figured out years ago.

An August 2021 email by the U.S. Department of Education's Anne Hartge, of the Office of Communications and Outreach, following up on a conversation between Eric Hagarty, who is now Pennsylvania’s current Secretary of Education; Tara Piechowicz, Deputy Chief Of Staff for Pennsylvania Governor Tom Wolf; and Jack Groarke, Deputy Chief of Staff for Federal Affairs for Gov. Wolf, sheds an ugly spotlight on the behind-the-scenes decisionmaking that led to the current crisis in education among America's schoolchildren.

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"Not sure if you saw yesterday, but President Biden along with [Education] Secretary Cardoina in addition to calling for every school district to host a vaccine clinic, announced next week as a national Back to School Week of Action and introduced a slew of initiatives on youth vaccinations the Administration will be making including high profile trips acrosss the country..." Hartge wrote.

Then comes an absolutely brutal revelation about how the vaccine requirements were used to punish children who did not want the jabs, or whose parents did not want them to have them, and limited many children's ability to socialize, get sunshine, and exercise.

"Public record emails show the Biden administration wanted to 'leverage' school sports and activities to coerce vaccination amongst students," Megan Eileen noted. “... we have seen leveraging athletics and extracurriculars as a way to boost you vaccination as an effective tactic across the county.”

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"They used the threat of students missing games due to Covid-19 exposure and long quarantines," Eileen added.

“Sports and extracurriculars as an important factor for why young people should get vaccinated- they don’t want to jeopardize forfeiting games or missing performances and competitions,” she highlighted from the email.

They also leveraged 'peer pressure' to get students to coerce kids into getting the so-called "vaccines."

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“Have you considered inviting a few HS football players, coaches and other types of athletes to the event? Data has shown this is one of the biggest messages that has been moving youth vaccine numbers,” the email said.

"These were all tactics to be used at schools and these emails include Eric Hagarty, who is now Pennsylvania’s current Secretary of Education," Eileen added. "Pennsylvania parents: if you value parental rights, vote for [Doug Mastriano.]"

Philip Holloway, a police lawyer and radio host who does the Sworn Podcast, put the email's revelations in outstanding context.

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"Here is a smoking gun that we always knew would come to light," Holloway remarked. "Your federal government purposefully made kids lives more miserable during covid by using official "guidance" to ham-handedly drive people to vaxx their kids "leveraging..extracurriculars..as an effective tactic."

The truly appalling aspect to the U.S. Department of Education's childhood 'vaccination' drive is that there is now plentiful evidence that the mRNA shots cause known side effects, particularly for young persons.

“In fact, we don’t know if the vaccines are safe and effective,” Allyssia Finley wrote in a WSJ editorial. “The rushed FDA action was based on extremely weak evidence. It’s one thing to show regulatory flexibility during an emergency. But for children, Covid isn’t an emergency. The FDA bent its standards to an unusual degree and brushed aside troubling evidence that warrants more investigation.”

“More troubling, vaccinated toddlers in Pfizer’s trial were more likely to get severely ill with Covid than those who received a placebo,” WSJ notes. “Pfizer claimed most severe cases weren’t ‘clinically significant,’ whatever that means, but this was all the more reason that the FDA should have required a longer follow-up before authorizing the vaccine.”

“Also worrisome: Most kids who developed multiple infections during the trial were vaccinated,” the editorial adds. “This warranted more investigation, since experimental vaccines for other diseases sometimes increase susceptibility to infection.”

Dr. Marty Makary, a Johns Hopkins medical professor and Fox News Contributor, explained that healthy children’s low susceptibility to Covid and natural immunity should play a key role in a doctor and parent deciding whether a given child should be inoculated.

“For kids with a special medical condition, I would say it’s a good idea [to get vaccinated] if they’ve not had COVID in the past, but for the vast majority of healthy kids, the case may be there, but it’s certainly not compelling,” Dr. Marty Makary, a Johns Hopkins medical professor, told Fox News. “If you look at the fact that 75% of kids had COVID as of a CDC study back in February and Omicron has been ubiquitous since then, 80 to 90 plus percent of kids have already had COVID. So we’re talking about immunizing those who are already immune for a lot of people. That just does not make sense.”

The CDC has conceded that there are heart inflammation risks associated with the mRNA Covid-19 vaccines — particularly for young people. An Oxford University study earlier showed that the vaccines post risk of myocarditis, a form of heart inflammation. The study was originally published in Nature in December. An MIT study also found that there was an increased risk of heart inflammation among 16-39 year-olds in Israel.

“COVID-19 vaccination was ‘significantly associated’ with a 25% jump in emergency medical services (EMS) for heart problems in 16-39 year-olds in Israel, whose vaccination rate is among the world’s highest, according to a peer-reviewed study by MIT researchers,” Just the News reported.

“While not establishing causal relationships, the findings raise concerns regarding vaccine-induced undetected severe cardiovascular side-effects and underscore the already established causal relationship between vaccines and myocarditis, a frequent cause of unexpected cardiac arrest in young individuals,” the study said.

The U.S. government made millions of schoolchildren miserable during the Covid pandemic despite their age group being at extremely low risk from the virus. Indeed, public health officials and educators restricted activities that would have made children healthier and more resistant to the virus — exercise, sunshine and fresh air — in an all-out push to get children 'vaccinated.' They abused their power to coerce children and parents to get the mRNA shots, despite the evidence that they did not stop the spread of infection or transmission, healthy children being at extremely low risk, and no measurable benefit for those with natural immunity. It's an absolute travesty and it's time for parents to hold these people fully responsible for their abuse of public office.
 

marsh

On TB every waking moment

Global Monetary System Is Close to Collapse​

by Mac Slavo
October 5, 2022

The current monetary paradigm is ending, and we will enter a new one as the elites attempt to “reset” the system. The endgame is complete control over every single human being living on this globe, and in order to do that, a central bank digital currency (CBDC) is necessary.

We’ve often called the CBDC the “endgame.” Compliance with it will permanently end your chance at ever living freely and sovereign. Others will have total control and a higher claim over your life and property than you. It will be the dystopia to end all other dystopias.

Once this current system collapses, here’s what to expect:
  • A supranational digital currency replace the US dollar
  • The end of paper currency
  • The birth of an Orwellian surveillance system that monitors and controls every penny you earn, save, and spend
Segments of this system are already being put into place and many will be all too ready to jump aboard. According to WhiteHouse.gov, the official website of the ruling class, the slaves will eventually be subjected to this system. It may start with a “U.S.-based” digital currency, but rest assured, this will be a global fiat currency controlled by those at the top.

Executive Order 14067, Ensuring Responsible Development of Digital Assets, placed the highest urgency on research and development efforts into the potential design and deployment options of a U.S. CBDC. –WhiteHouse.gov

The Endgame: Central Bank Digital Currency
The ruling class is already attempting to sell the slaves on the idea.

These objectives state that a U.S. CBDC system should expand equitable access to the financial system, preserve the role of physical cash, and only collect data that is strictly necessary. They also note that a U.S. CBDC should be sustainable, avoiding the environmental concerns raised by some privately-issued digital assets. And, they note a U.S. CBDC should be functional and provide a good customer experience so that all Americans can truly benefit. —WhiteHouse.gov

Rest assured, no one except the ruling class will benefit if they succeed with a CBDC. It’ll be no doubt tied to a digital ID, food rationing card, vaccine status, and social credit score. There is literally no benefit unless you are the one controlling the currency.

If you care for more information on how this system has already enslaved humanity, and a digital system will make that slavery permanent, please watch James Corbett’s Century of Enslavement documentary on the Federal Reserve.

View: https://youtu.be/U5IyUFqUN88
1:30:05 min
 

marsh

On TB every waking moment

Escobar: The Whole Chessboard Is About To Be Radically Changed

WEDNESDAY, OCT 05, 2022 - 09:00 PM
Authored by Pepe Escobar,

There’s no question that future unbiased historians will rank Russian President Vladimir Putin's address on the Return of the Baby Bears – Donetsk, Lugansk, Kherson, and Zaporizhzhia – on September 30 as a landmark inflection point of the Raging Twenties.

The underlying honesty and clarity mirror his speech at the 2007 Munich Security Conference, but this time largely transcending the trappings of the geopolitical New Great Game.

This was an address to the collective Global South. In a key passage, Putin remarked how “the world has entered a period of revolutionary transformations, which are fundamental in nature. New development centers are being formed, they represent the majority.”

As he made the direct connection between multipolarity and strengthening of sovereignty, he took it all the way to the emergence of a new anti-colonial movement, a turbocharged version of the Non-Aligned Movement of the 1960s:

“We have many like-minded people all over the world, including in Europe and the United States, and we feel and see their support. A liberating, anti-colonial movement against unipolar hegemony is already developing in various countries and societies. Its subjectivity will only grow. It is this force that will determine the future geopolitical reality.”

Yet the speech’s closure was all about transcendence - in a spiritual tone. The last full paragraph starts with "Behind these words stands a glorious spiritual choice".

Post-post-modernism starts with this speech. It must be read with utmost care so its myriad implications may be grasped. And that’s exactly what tawdry Western spin and a basket of demeaning adjectives will never allow.

The speech is a concise road map to how we got to this incandescent historical crossroads – where, to venture beyond Gramsci, the old order refuses to acknowledge its death while the new one is inexorably being born.

There’s no turning back. The key consequence of a largely documented fact – “a hybrid war is being waged against Russia because it stands in the way of the neocolonial world order” – is that Russia is getting ready for an all-out collision with the Empire of Lies.

Alongside top Eurasian powers China and Iran. Imperial vassals in this case are at best collateral damage.

Moreover, it’s quite telling that Putin’s speech followed India’s External Affairs Minister, Dr. S. Jaishankar, stressing the "pillaging of India by the colonial power" at the UN General Assembly.

Putin’s speech and Russia’s resolve to fight the – hybrid and otherwise - war against the collective West set up the Macro Picture.

The Micro Picture regards the see-saw in the battlefields in Ukraine, and even the blow-up of the Nord Stream and Nord Stream 2 pipelines: a desperate gambit, a few days before the result of the referendums and their official recognition on September 30.

Where’s Osama when we need him?
As working hypotheses swirl on how the deed was done, a few things are quite clear.

Russia had absolutely no motive to destroy billions of dollars of Gazprom’s energy infrastructure: they could always use it as leverage; and they could just turn it off – as they did, because of the sanctions dementia - and re-route the gas to Asian customers.

A White House “led” by a senile teleprompter reader, mired in a black politico-economic void, was most certainly clueless.

The prime suspect is a rogue National Security/State Department faction – part of what is known in the Beltway as The Blob. Call them Straussians or neo-con fanatics, these are the players who are conducting a US foreign “policy” whose central premise is the destruction of Russia – with the European “allies” as collateral damage.

An inevitable – certainly unforeseen - consequence is that in this new twist in the War of Economic Corridors, all bets are off: no pipeline or undersea cable, anywhere in the world, is now safe and may become fair game in retaliation.

So the blow-up of the twin pipes - NS and NS2 – is 9/11 remixed Pipeline Terror. With no Islamist with a Kalashnikov hiding in an Afghan cave to take the fall.

Financial losses will involve quite a few weighty players. The shareholders of Nord Stream AG are Gazprom (51%); Wintershall Dea AG (15.5%); PEG Infrastruktur AG, a subsidiary of E.ON Beteiligungen (15.5%); N.V. Nederlandse Gasunie (9%) and Engie (9%).

So this is an attack not only against Russia and Germany but also against major European energy companies.

NS2 is an engineering marvel: over 200,000 pipe segments coated with 6” of concrete, each weighing 22 tons, laid out on the bottom of the Baltic Sea.

And just when it seemed that all was lost, well, not really. The engineering marvel theme resurfaced: the pipes are so strong they were not broken, but merely punctured. Gazprom revealed there’s an intact string of NS2 that may “potentially” be used.

The bottom line is that reconstruction is possible, as Russian Deputy Prime Minister Aleksandr Novak stressed: “There are technical possibilities to restore the infrastructure, it requires time and appropriate funds. I am sure that appropriate opportunities will be found.”

But first, Russia wants to conclusively identify the perpetrators.

Henry Kissinger, sore loser
US establishment oracle cum notorious war criminal, Henry Kissinger, could not get rid of his trademark Return of the Living Dead act, saying Russia has “already lost the war” because its capacity to threaten Europe with conventional attacks, which it had enjoyed for decades or even centuries, “has now been demonstrably overcome.”

Moscow was not “threatening” Europe with anything conventional or otherwise; it was trying to do business, and the Americans blocked it with a vengeance, even resorting to Pipeline Terror.

This American tactical victory was achieved in only seven months, and cost next to nothing. The results may seem impressive: US hegemony over the whole EU spectrum is now undisputed, as Russia lost its economic leverage. But that will only deepen Moscow’s resolve –as stressed by Putin’s speech – to take the fight against the Empire and its vassals to the limit.

On the Ukraine battlefields, that means forcing them to the negotiating table on Russia’s terms. And then force them to agree to a new European “indivisibility of security” arrangement.

And to think that all that could have been accomplished with a simple phone call in late 2021, when Moscow sent letters to Washington proposing a serious discussion.

In fact, it’s the US that has “already lost the war”: at least 87% of the world – including virtually the whole Global South – has already concluded this is a rogue, rudderless empire.

“Losing”, Kissinger-style, also means that in only 7 months, Russia annexed 120,000 km2 - or 22% of Ukrainian territory - that produces nearly 90% of GDP and has over 5 million citizens. Along the way, the allied forces basically destroyed the Ukrainian army, which they continue to do 24/7; billions of dollars of NATO equipment; accelerated the demise of most Western economies; and evaporated the notion of American hegemony.

As for Stupidistan Unplugged, the Oscar goes to Secretary Blinken, who gave away the game by saying the blow-up of the twin pipelines was a "tremendous strategic opportunity".

Just like 9/11 was a "tremendous strategic opportunity" for indiscriminate invasion/bombing/killing/plunder across the lands of Islam.

Shock'n Awe is back
The EU is on the way to surefire Trade Devastation.

From now on, any possibility of energy trade with Russia would have to be a consequence of the collapse of both NATO and the EU. That may happen, but it will take time. So what next?

The EU cannot rely on Asia: far away and impossibly expensive in terms of LNG liquefaction and re-gasification costs.

Any pipeline – for instance, from Kazakhstan - would be crossing Russia or coming from China via Russia. Forget about Turkmenistan; it already ships its gas to China.

The EU cannot rely on West Asia.

Turk Stream is fully booked. The whole production of the Persian Gulf is already bought. If – and that’s a major “if” – there was more gas available, it would be a small amount from Azerbaijan (and Russia might disrupt it). Iran remains sanctioned by the Empire – a fabulous own goal. Iraq and Syria are still plundered by the US.

That leaves Africa – where, as it stands, France is being unceremoniously kicked out, nation after nation. Italy may eventually pipe gas to German industry from Algeria, Libya and the Cyprus-Israel fields. There will be an absolutely mad scramble for Saharan gas fields and gas in central Africa – from Uganda to South Sudan.

The Baltic may be a NATO lake, but Russia could easily decide to make waves, for instance transporting LNG in barges to German ports via Kaliningrad – which is ice-free during winter. If Lithuania would try to block it, Mr. Khinzal could settle the issue by presenting his business card. Russia could also use the Gulf of Finland, not a problem for those massive Russian icebreakers.

This means Russia could easily destroy the competition - as in absurdly expensive LNG coming from the US.

After all, St. Petersburg to Hamburg is only about 800 nautical miles; and from Kaliningrad, only 400 nautical miles.

The whole chessboard is about to be radically changed before the arrival of General Winter. 9/11 led to the bombing, invasion and occupation of Afghanistan. Pipeline 9/11 is leading to a Shock’n Awe on NATO – to take place in Ukraine. Blowback is back – with a vengeance.
 

marsh

On TB every waking moment
Putin just called the globalists' bluff and it is about to get real | Redacted with Clayton Morris 2:00:02 min

Putin just called the globalists' bluff and it is about to get real | Redacted with Clayton Morris​

Redacted News Published October 5, 2022

Full Show: Putin just signed the annexation agreements for the Donbass and NATO is ready to place nuclear weapons in Poland. The Nord Stream pipeline could be back up and running in days will they try another attack? Gas prices are set to explode after OPEC announced a cut to production. Trudeau will testify.

^^^^^
Globalists are pushing a nuclear attack, and Putin knows it | Redacted with Natali & Clayton Morris 27:04 min

Globalists are pushing a nuclear attack, and Putin knows it | Redacted with Natali & Clayton Morris​

Redacted News Published October 4, 2022

The globalist cabal is pushing for a tactical nuclear strike and they're warning that it's coming soon. Is this another false flag operation to get us into WW3? Putin readies for a massive military operation now that the Donbass referendums are complete. Has he even started the war yet?
 

marsh

On TB every waking moment

marsh

On TB every waking moment
Bill Gates Was 'Personally Involved' in Climate Change Funding for the Inflation Reduction Act 2:04 min

Bill Gates Was 'Personally Involved' in Climate Change Funding for the Inflation Reduction Act​

Red Voice Media Published October 5, 2022

“I’m getting governments involved, even just this latest bill that I’m personally involved in a lot of what got written into it and then working with the key senators in the last month to get it to pass. That’s far greater than any individual fortune.”
 

Dozdoats

On TB every waking moment
Klaus Schwab connects governmental “actors” from around the world. 2:00 min

KLAUS SCHWAB CONNECTS GOVERNMENTAL “ACTORS” FROM AROUND THE WORLD.​

So here is creep Schwab talking about his actors in all the global organisations.. they own our politicians.

Klaus Schwab connects governmental “actors” from around the world. The World Economic Forum is in constant touch with global leaders.

They declare various Crises, like the covid pandemic and climate crisis, and then they solve them...at the expense of your wallets and your freedoms...and ultimately your life!

MotherWEFfers ...
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=pr8YEF1k7iA
8:08 min

War With North Korea​


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The Economic Ninja

The Economic Ninja talks about the possibility of war with North Korea and what that could do to the economy and more.

^^^^

North Korea launches missile toward South Korean waters after U.S. sends carrier to region​

South Korea’s Joint Chiefs of Staff did not provide any further details on the launch, which they said occurred Thursday morning local time, according to The Associated Press.

By LARA SELIGMAN and OLIVIA OLANDER
Updated: 10/05/2022 05:58 PM EDT

North Korea launched a ballistic missile toward the eastern waters off South Korea on Thursday, according to South Korean officials — a launch that came the same week the U.S. sent an aircraft carrier to the region after North Korea launched an intermediate-range missile over Japan.

South Korea’s Joint Chiefs of Staff did not provide any further details on the launch, which they said occurred Thursday morning local time, according to The Associated Press.

The U.S. planned to send a nuclear-powered aircraft carrier to the waters near the Korean Peninsula following North Korea’s missile tests on Tuesday, according to two Defense Department officials, the latest in a series of tit-for-tat military actions in the Pacific this week.

The aircraft carrier USS Ronald Reagan is now in the Sea of Japan, a Navy spokesperson confirmed Wednesday, returning to the area after the warship concluded an exercise with the South Korean and Japanese navies on Friday.

The decision to send the carrier back is a signal to North Korea, coming a day after Pyongyang launched an intermediate-range missile directly over Japan for the first time since 2017. It was Pyongyang’s fifth missile test in two weeks, and is the most provocative military action since it fired an intermediate-range missile in January that could reach Guam.

In an immediate response to the launch, four U.S. and four South Korean fighter jets dropped bombs on an uninhabited island in the Yellow Sea, while U.S. and Japanese warplanes also flew together over the Sea of Japan.
Pentagon confirms Russia asked North Korea for ammunition

Video on website .56 min

But in an embarrassing incident early Wednesday, a South Korean ballistic missile malfunctioned and exploded during a live-fire drill with the U.S. that was designed as retaliation for North Korea’s launch.

U.S. officials confirmed the aircraft carrier move to POLITICO after South Korea’s Joint Chiefs of Staff reportedly announced the move.

“The re-dispatch of the carrier strike group to the Korean Peninsula is highly unusual and shows the resolute will of the South Korea-US alliance to strengthen the alliance’s readiness posture against North Korea’s consecutive provocations and to respond decisively to any kind of provocation and threat from North Korea,” the JCS said.

The Reagan is based in Japan and frequently spends its deployments hitting different parts of the Western Pacific. Before returning to the Sea of Japan, the ship was operating east of northern Japan, according to the U.S. Naval Institute’s fleet tracker.

The U.S. condemned Pyongyang’s missile launch on Tuesday. National Security Council spokesperson Adrienne Watson called it a “dangerous and reckless decision.”

“This action is destabilizing and shows the DPRK’s blatant disregard for United Nations Security Council resolutions and international safety norms,” she said.
On Tuesday morning, President Joe Biden spoke to Japanese Prime Minister Fumio Kishida to reinforce America’s “ironclad commitment to Japan’s defense,” the White House said. Later in the day, national security adviser Jake Sullivan spoke with his Japanese and South Korean counterparts as well, according to Watson.
 

marsh

On TB every waking moment

What The World Needs To Realize Ahead Of COP27

WEDNESDAY, OCT 05, 2022 - 11:00 PM
By Cyril Widdershoven of OilPrice.com

Over the last years, major steps have been taken by international organizations, companies, investors and governments alike to commit to climate change action. The focus has increasingly been put on the reduction of carbon emissions and water consumption. Billions of dollars are being invested in implementing industry or nationwide schemes to mitigate the effects of industries and governments. Still, there is more to be done to further contain the overall impact on climate. The need for climate adaptation, across a vast spectrum of issues such as flood and wildfire prevention, resilient agriculture, clean water supply, infrastructure modification, and population resettlement, is still not understood fully by the parties involved. As already stated in a report of the Climate Policy Initiative in 2021, climate adaptation initiatives receive only 7% of climate-related investment. At the same time, the business opportunities are clear, as Bloomberg reported that Bank of America analysts estimate that the climate adaptation market could be worth $2 trillion a year within the next five years.

For any industry expert, it suffices to look at some of the flagship projects, which were launched to address climate change, and one will see that the overwhelming majority of projects are designed to counter emissions or water consumption. The conclusion is simple: climate adaptation is misunderstood or undervalued.

This is a missed opportunity as climate adaptation combines not only changing organizational and institutional infrastructure as well as practices coupled with technological upgrades in areas that require them the most. It is particularly important to any region in the world currently hit by risks of flooding, rising sea levels, droughts and heat waves.

The summer of 2022 has made it clear to most that these risks have become increasingly visible, and have a major impact on humanity and biodiversity. Europe’s unprecedented heat waves during the last months of summer, with temperature levels rising to 40C or beyond in Northern Europe, intense drought periods, or the immense rain experienced in Pakistan, India and other places, should be a sign more needs to be done to counter these effects. Just last week, several hurricanes have hit the south of the USA, the Caribbean, and Asia.

At present, governments and industries should realize that the current global energy mix is still highly hydrocarbon based and will remain so for foreseeable future. While optimism about renewables is clear and visible, as they accounted in 2021 for more than 80% of all new power generation capacity, the total share is just 4% of the global energy mix. Furthermore, renewable-energy investment globally exceeded $365 billion last year, whereas combined investment in areas relevant for climate adaptation – energy storage, carbon capture, and the hydrogen value chain – was only $12 billion. It seems that the focus is partly lopsided, with a major emphasis on the production of electricity, but other options or needed infrastructural investments are still partly forgotten.

The year 2022 has also brought back with a major bang the issue of global energy security. For years, the steady supply of energy has been taken for granted, especially in the West (USA, UK, EU), but geopolitical developments and the Russia-Ukraine war has put energy security and security of energy supply back on the front page. After a decade of believing that renewable energy could already supply energy security, it now has become clear that oil, gas and even coal, are still the major fundaments of the energy mix for a long time to come. Extreme high electricity and natural gas prices in the world’s most liberalized market, Europe, are showing that a new approach to a future energy mix is needed. That is not to deny the key role and future potential of renewables, but to underline a need for a more realistic energy transition approach than currently has been put in place.

One of OPEC’s leading producers, the United Arab Emirates (UAE), has been pushing for a reassessment of strategies and simultaneously charting its own course. The UAE’s approach to energy transition involves a multifold approach, in which a commitment to supply hydrocarbons to meet global demand is combined with a full-fledged and applicable strategy of climate adaptation measures. Both are equally further enabled by increased investments in a new energy system for the future.

A perfect example is the fact that the UAE has set up a functional and region’s first industrial-scale carbon-capture program, while Abu Dhabi’s national oil company ADNOC is supplying all its electricity from zero-carbon nuclear and solar power. This is a world’s first, especially looking at the scale of operations in place on- and offshore, midstream and downstream.

To back up this new strategy, the UAE has set up three of the world’s largest single-site solar plants and it has invested in renewable projects in over 40 developed and developing countries, with plans to have a renewables portfolio of 100GW by 2030. As renewables alone are still not in a position to ensure a full-scale 24/7 power system, nuclear power capacity serves as a back up for the UAE, while the infrastructure for a hydrogen economy is currently being set up. It seems that, in the eyes of the UAE, all elements of the energy mix are crucial to achieving net-zero emissions.

Against this backdrop, a broad discussion of climate change mitigation and climate adaptation is needed. Only looking at emissions reductions or water usage is not going to bring the solutions needed to change the future. The next 18 months will be crucial for the world, as new strategies and a new reality are going to be discussed at COP27 (Egypt) and COP28 in the UAE. A full-scale multi-phased approach is needed.
 

marsh

On TB every waking moment

How Much Sway Does The 'Far-Right' Have In Europe?​

THURSDAY, OCT 06, 2022 - 01:15 AM
When Italy’s Giorgia Meloni won the national election, the mainstream media proclaimed it the furthest right-leaning government the country has seen since Mussolini.

Meloni will lead a coalition made up of her own party, the Brothers of Italy, alongside former prime minister Silvio Berlusconi's center-right Forza Italia and Matteo Salvini's far-right League.

As Statista's Anna Fleck details below, the far-right (for there appears to no longer be a 'right' - only 'far-right') continues to hold sway over certain parts of Europe, with Hungary topping the list as the country with the highest share of seats held by a major far-right party.

Viktor Orbán's Fidesz won a landslide victory in the country’s 2022 legislative elections, securing 59 percent of the seats in parliament.

Infographic: How Much Sway Does the Far-Right Have? | Statista
You will find more infographics at Statista

Elsewhere in the EU, Spain's far-right, represented by Vox, holds around 15 percent of seats in parliament, a similar share to that of the National Rally (RN) in France.

In Belgium, the Flemish nationalist party, Vlaams Belang, currently weighs in at 12 percent, while in Germany the AfD has fallen to 11 percent after losing 11 seats in the 2021 federal elections.

The parties cited in the chart have been grouped together for sharing similar ideologies on nationalism, social conservatism and anti-immigration, and are widely considered to be on the far right of the political spectrum in Europe.
 

marsh

On TB every waking moment

NYT 'Right Wing Conspiracy Theory' Comes True In Less Than 24 Hours​

THURSDAY, OCT 06, 2022 - 03:33 AM
The latest salvo from the left in the ongoing 'unpersoning' of anyone (on the right) who questions election integrity fell flat on its face in less than a day.

On Tuesday, the New York Times framed a story circulating on the right over a software company's connection with the Chinese Communist Party as a "right-wing conspiracy theory."

"At an invitation-only conference in August at a secret location southeast of Phoenix, a group of election deniers unspooled a new conspiracy theory about the 2020 presidential outcome," was the Times' original lede (via the Daily Caller).

In it, the Times wrote that "right-wing" election deniers in Arizona had fabricated a conspiracy theory that election software company Konnech had secret ties to the CCP, and was passing them information on around two million US poll workers.

"In the two years since former President Donald J. Trump lost his re-election bid, conspiracy theorists have subjected election officials and private companies that play a major role in elections to a barrage of outlandish voter fraud claims," reads the article. "But the attacks on Konnech demonstrate how far-right election deniers are also giving more attention to new and more secondary companies and groups. Their claims often find a receptive online audience, which then uses the assertions to raise doubts about the integrity of American elections."

The next morning, Konnech executive Eugene Yu was arrested for the alleged theft of poll workers' personal information.

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Whoops... assholes

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