by Martin Armstrong
Europe is attempting to impose a cap on Russian oil at $60 a barrel. Russian authorities rejected a value cap and threatened to cease supplying the nations that endorsed it.
Australia, Britain, Canada, Japan, the USA and the 27-nation European Union agreed to cap what they might pay for Russian oil at $60-per-barrel. The restrict is ready to take impact together with an EU embargo on Russian oil shipped by sea.
In all honesty, that is probably the most braindead resolution up their with attempting to peg currencies. These folks continually reject any understanding of a enterprise cycle and comply with within the footsteps of Karl Marx believing that they even have the ability to manage costs of something. Bretton Woods collapsed due to this identical silly reasoning of fixing the the greenback to gold at $35 per ounce. They capped the worth of gold to {dollars} however by no means restricted the quantity of {dollars} they created. A 3-year outdated with a pocket calculator might have found out that system would collapse.
Then this high-heel dancing head of Ukraine, President Volodymyr Zelensky, in the meantime, really revealed the Ukrainian hatred of Russians and why Russia got here to the help of the Donbas as a result of they might bloodbath each Russian they get their palms on as they did in Odessa because the West was silent for Russians usually are not entitled to human rights. Andriy Yermak, the pinnacle of Zelensky’s workplace, wrote on Telegram, staking out a place additionally favored by Poland which has additionally misplaced its thoughts, which is able to additional create World Conflict III since that’s what has already been introduced towards Russia.
“It will be essential to decrease it to $30 so as to destroy the enemy’s economic system sooner.”
Granted, Russia’s crude has already been promoting for round $60 a barrel, which is a deep low cost from the worldwide benchmark Brent. No matter these folks can do to create chaos on the earth markets and convey the world to the brink of a significant worldwide struggle, they’re doing it brilliantly.
BTW, our mannequin referred to as the low in 2020, had a Directional Change for 2022, and the subsequent key turning level is the strongest on the Array in 2023. So thanks, braindead politicians. I’m certain they are going to blame Putin and argue he’s utilizing power as a weapon when, by their very own statements, that’s what they’re doing to convey down Russia.
These world leaders are attempting to cap the worth of oil under market worth after which this evil chief of Ukraine, Zelensky, desires the cap to be $30. I warned that Zelensky would be the man, or no matter pronoun he/she prefers, that may create World Conflict III simply because the Serbs started World Conflict I. A low in 2023 will most definitely see a slingshot up into the years forward.
