Federal Reserve chair Jerome Powell is profit’s prophet and the corporate media are his cultish devotees, joining hands to sacrifice working people. In this cult, profit is sacrosanct.
Media Prescribe More ‘Pain’ for Workers as Inflation’s Only Cure
Tag: recessions
Biden was elected to start a war with Russia
The ongoing US war against Russia has elevated American-allied Nazis to the international stage as ‘freedom fighters,’ resulted in the deaths of tens of thousands of Ukrainian civilians, raised the risk of nuclear war, ended any effective international cooperation on environmental issues through rekindling energy geopolitics, assured Europe of one or more Great Depression type winters with limited heating fuel, and more probably than not will soon produce the total annihilation of Ukraine as a modern state by the Russians.
The Americans Started the US War with Russia
Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights
President Biden published a statement Monday night calling on Congress to intervene to block a national rail strike and impose a contract which tens of thousands of railroad workers voted down. A few hours later, outgoing Speaker Nancy Pelosi announced the House of Representatives would take up such a bill this week and send it to the Senate with the “hope that this necessary, strike-averting legislation will earn a strongly bipartisan vote…”
Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights
The EU’s Embargo On Russian Oil Will Be A Boon For OPEC
The EU’s Embargo On Russian Oil Will Be A Boon For OPEC
- The current oil market climate is complex, to say the least.
- Europe is preparing to enact its embargo on Russian oil and refiners are scrambling for alternatives.
- Many searching for new sources of crude have landed on Middle Eastern producers as a potential alternative.
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
Europe is set to increase its reliance on oil imports from the United States after the EU embargo on Russian seaborne crude imports enters into force in early December, Claudio Descalzi, chief executive of Italy’s energy group Eni, told Bloomberg in an interview on Monday.
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
Is the cure for inflation worse than the disease?
The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices.
Is the cure for inflation worse than the disease?
Venezuela’s Oil Output Stutters as ‘Irrational’ US Sanctions ‘Imbalance’ Global Market
Venezuela’s Oil Output Stutters as ‘Irrational’ US Sanctions ‘Imbalance’ Global Market
However, in a recent address to the press, the US president clarified that resuming oil exports from Venezuela was only one of several options. “There’s a lot of alternatives. We haven’t made up our mind yet,” he told reporters after calling the OPEC+ decision a “disappointment.” Washington has demanded that the Maduro government re-engages in talks with the opposition as a precondition for any changes to its sanctions policy.
Related:
US Plans To Ease Venezuela Sanctions To Let Chevron Pump Oil There Again—Reports
US breaks ice, Russia thaws
Fall ends and winter starts at the moment of the December solstice. But what if the Vernal Equinox arrives instead? In these times of climate change, anything is possible. There are subtle signs. Backyard birds are singing, butterflies and bumblebees are returning. How can one possibly miss it?
US breaks ice, Russia thaws
JUST IN: White House Press Secretary replaced by a literal gaslight
WASHINGTON, DC—After acknowledging the difficulty in constantly gaslighting the American public about everything from the economy to the war in Ukraine, the White House Press Secretary has been replaced by a literal gaslight.
JUST IN: White House Press Secretary replaced by a literal gaslight
Saudis say US sought 1 month delay of OPEC+ production cuts
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged it to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.
Saudis say US sought 1 month delay of OPEC+ production cuts
Related:
Saudi Arabia Defied U.S. Warnings Ahead of OPEC+ Production Cut
The one-month delay requested by Washington would have meant a production cut made in the days before the election, too late to have much effect on consumers’ wallets ahead of the vote.
…
To entice the Saudis to delay their decision, U.S. officials told the kingdom they would buy oil on the market to replenish Washington’s strategic stockpiles if the price of Brent, the main international benchmark, fell to $75 a barrel, according to U.S. officials and people inside the Saudi government.
Quid pro quo, huh?! 🧐💭
Ms. Cat’s Chronicles 
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