Trump's "Negotiation" by threats
The strait of Hormuz is just the headlines. There's something far more serious here and it's a sovereign debt crisis. When Covid took place and oil fell to 6.50. The Middle East borrowed extensively. Iraq borrowed from China and if they default, China gets their oil fields. This is why Iran has been attacking the Gulf States. If they can't sell their oil, they can't meet their debt. They can't meet their debt. we end up with a banking crisis. Once you get one sovereign default, could be Japan, Middle East, it doesn't matter. The trading rooms are immediately going to say who's next.
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what most people don't know is that Iran started attacking the Gulf States. They sent more missiles at UAE than they did to Israel. UAE is the new Switzerland. When Switzerland bowed to the pressure of the neocons, they started confiscating Russian money and said, "Oh, you knew Putin." I mean most of the money that they froze and stole are just from private individuals. It's not Russian government money. Once Switzerland did that then a lot of you know, it showed that Switzerland gave up its independence its safety, and money started fleeing. It went to Dubai and went to Singapore. Most people don't realize, but there is a very large AI project that they built in UAE for about $30 billion. Everybody's there. Amazon, Open AI, etc. We have an off office there. Iran started to attack that. Now, they just caused some damage temporarily and destroy it. But in the process, the banking system went down for two weeks, or for a week actually. And so we couldn't even get money to our staff. So when the banking system was shut down, people were selling gold just to pay bills, things of that nature. So that's part of why gold went down for two weeks. It's not that something changed geopolitically, it's just that he took out the banking system there in the Middle East.
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he [Netanyahu] tries to assassinate the head of any group, Hamas or whatever. And so his theory is you take out the head, you know, and the rest of the snake dies. And so day one they attacked the Ayatollah and killed him. And so it's always presented they will win in one day. And I think Trump went along with it. Iran is smart. They know his strategy. Netanyahu pulled this nonsense in -25. All my sources right away said Iran was reorganizing the government after the -25 strike. They created four levels so that if one person is taken out, he's automatically filled and the next guy keeps going. So taking out the head doesn't work. All right? So not all the orders are going to come from the Ayatollah like it's a dictatorship. You have it all layered in. It is a brilliant strategy to negate what Netanyahu does and that's why it has failed. But just look at his track record. This is what he always does. Killing you know the head of Hamas and in Qatar. I mean, this this is he thinks that's the way to to win and it's just not. But he sold that idea to to Trump and I think he thought it was going to be like Venezuela.
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from the Iranian perspective and there are now seven other countries also trying to create nukes. Why? What are those countries or just like a few of them even if you including Poland a number of of them. I put a whole list on our blog and the question is why the war in Iraq proved that we have to go in because he's going to have them weapons of mass destruction, which never existed anyhow. But they don't go into Pakistan because they have nukes and they don't go into North Korea because they have nukes. So the view is that if you have nukes that at least keeps everybody out
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What's not really hit the market yet is they've been drawing down on oil reserves. Trump just cut a deal to to lend some oil to try and get keep the prices down. You can only do that for so long. All right. You look at the oil reserves and it looks like it's in crash mode, you know. So those prices that at the pump etc have not gone up as much as they would if there really was an outright shortage right now. What our computer does show, which is interesting, and before all this started you know I had stood up and said look the computer says US will go into a recession but Europe will go into a depression and you can see just on the energy side alone that is the defining difference and you see the same issue in Canada whereas the west has the energy, but there are no pipelines from Alberta to the east, and all the refineries in the east are are used to Saudi oil. So, the east still has to import oil. So, you have a huge diverse economic situation ahead for Canada. This is a lot more complicated than people suspect
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The EU has interfered in every election, the Scottish election, the Italian, Romanian, and Hungary, and they even publicly threatened that if the AfD won in Germany, they would overturn it. They are ruthless dictators at this point. So, what Ursula has come out after she just got rid of Orban, look at what she said. Now she wants to get rid of that 100% consensus view and she said it's not right that one country can stop us. So it's back to a dictatorship. You just had Italy coming out because it's a debt crisis. You know, you hear all these people, oh the dollar is going to crack. They have no idea what they're talking about. Why has Europe never been able to compete with the US? You know, I was there. I know. Okay. I told them you want to compete with the dollar, you have to consolidate all the debt of Europe and create a centralized federal debt. US Treasury market is the biggest market in the world. You created the euro. Very nice. But if I'm a big fund manager and I want to buy debt, I still have to make the same decision as if the euro didn't exist. Do I want Germany? Do I want France? Do I want Italy? Because there's no centralized debt. That's the problem of Europe. So you just had the Italian government coming out saying we have to issue Euro debt because what happens? Another one of their false promises. You join the euro and like the United States, we'll all be paying the same interest rate. Didn't happen. I warned them. I said, "No, we got 50 states. It's a single currency, but they all pay different interest rates according to their credit rating unless you consolidate every, you know, and you can just look at all the interest rates across Europe." And then this presents a real problem. We saw it in 2010 when Greece got into trouble. They had to go for an IMF bailout. Immediately what happens in the trading rooms, traders going wow made a lot of money on that one who's next. Say France gets in trouble what's going to happen in the trading rooms same thing as in 2010 they're going to look at everybody short the weak ones, but next they're looking at which banks have the most French debt short them so then you end up with a banking crisis see in the United states. If California went into default, they're not going to attack the Feds. They're going to run to the Feds as a flight to quality. You don't have that in Europe. So, they flight where? To the dollar. That's why these people are saying, "Oh, the dollar deal." They have no idea what they're talking about.
Chancellor Merkel knew and wrote that the commitment to expand NATO was likely to lead to war and she resisted the first day of the NATO summit and then gave in the second day, and gave in a way which she thought she was still holding some ground. There won't be a specific plan or date, but the conference would close with the unequivocal declaration that NATO will enlarge to Ukraine and to Georgia. That was the end of Germany's voice for restraint. And then unfortunately fast forward to the events of February 21st specifically 2014 when the coup was nearly undertaken in Kiev and the Germans together with colleagues negotiated with the then president of Ukraine. President Victor Yanukovic, that there would be no coup and that President Yanukovic's term would extend till late in 2014 at which point there would be new elections held and Germany agreed to that, and the United States did and there were conversations with President Putin that evening about this agreement and then the next day the uh cool leaders stormed the government buildings in uh Kiev or Kev, whichever you prefer, and then the US immediately recognized the new government rather than saying, "Wait a minute, we had an agreement. This is extra constitutional. President Yanukovich is still the president." The United States played its card and immediately recognized the new government. It didn't formally recognize it. It said that it would work with the new government. didn't call for constitutional order and Germany went along. So this was the next step and then one year after that came the Minsk 2 agreement. It was actually February 2015 and Germany was to be the guarantor of the Minsk 2 agreement. And people may not recall the Minsu agreement, but it was an agreement to end the fighting in the Donbas by creating a new constitutional order in which the Donbas, the two oblasts of Lugansk and Donetsk, would be granted autonomy for essentially self-ruule within Ukraine. And Ukraine agreed with this. The agreement was unanimously adopted by the UN Security Council. Germany and France were to be the guaranurs of Minsk 2 and then the United States and Ukraine privately said now we're not going to implement this and Germany did not stand up and say wait a minute we have an agreement. It's backed by the UN Security Council. We are responsible for enforcement. it will be implemented. Germany remains silent. So much so that in 2022, I believe it was, Chancellor Merkel rather uh strangely said, "Well, we never really meant it. It was to buy time for Ukraine." I actually don't believe that was her view in 2015, but it was her excuse in 2022 when she was under attack for having signed such an agreement, under attack within Germany for having been uh too obliging to the Russians. And so all of this is to say we've come to a point of hatred and we've come to a complete amnesia about actual events and we've come to a point where this could easily boil over into open war in the Baltics or other parts of Europe.
we ought to step back and keep in mind that we have this state called North Korea, which everyone insists is ruled by a mad man. I have never subscribed to that. I don't think he's crazy. I think he's quite soberminded, actually. But a lot of people think, "Oh, well, he's just a dangerous maniac and he has nuclear weapons. What are we doing about it?" Nothing. Why are we doing nothing? Because he has nuclear weapons. So, what is David Petraeus and everybody else on the neocon globalist Israeli agenda part of? They're part of a group of people that are convincing billions of people all over the world to invest heavily in nuclear weapons to ensure that we and our Israeli friends never try to interrupt or disrupt or invade them.
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President Putin has decided to exercise restraint. He's he's wanted to hold back forces. First of all, he doesn't want to govern all of Ukraine. People that say, "Well, he's weak. That's why he won't take Ukraine." It's nonsense. He doesn't want to govern Ukraine. He just doesn't want Ukraine to be a bullwark for future attacks by NATO against his country. That's it. So, if you can make Ukraine a truly neutral state on the Austrian model, I think the Russians would be more than happy to sign on and go home. But the the point is that we've utterly refused to do that. We don't want that because that would be an emission of absolute total and complete defeat of the West right now. That means us and our NATO allies.
KYIV, May 24 (Reuters) - Russia pounded Kyiv and surrounding areas with hundreds of drones and missiles on Sunday in one of the heaviest bombardments of the city since the start of the four-year war, firing an Oreshnik hypersonic missile near the capital.
www.reuters.com - Russia hits Ukraine with Oreshnik missile in one of war's biggest attacks on Kyiv
The Ukrainians with assistance from the west are increasing the number and the sophistication of attacks on the Russian homeland. And furthermore, you have all this warlike rhetoric in the west to go along with these western aided attacks on the Russian homeland. And the Russians have come to the conclusion uh that they have no sufficient deterrent against the west anymore or against Ukraine in terms of attacking the Russian homeland and that something has to be done to rectify this situation. They in another they in another words have to reestablish deterrence and the Russians basically have concluded that the only way that this can be done is to attack targets in Europe and in effect you're saying attacking targets in NATO member states it's the only way to send a clear message and reestablish deterrence And as Karaganov argues, and it's very important to emphasize that Karaganov's views are shared by many, including in the upper echelons of the Russian elite, you start with conventional weapons. And if that doesn't work, if attacking a European state with conventional weapons doesn't cause deterrence, doesn't cause the Europeans to back off and doesn't cause the Europeans to tell the Ukrainians to back off, then you use a limited number of nuclear weapons. And you do that not to win the war in any military sense, but you use that to send a powerful signal to the Europeans that you mean business, that you are so serious that you're willing to use nuclear weapons and throw all states out on the slippery slope to oblivion. And you're telling the West that the last chance to avoid going down the slippery slope is for them to cease attacking Russia, to cease helping Ukraine to attack Russia. So that's what's going on here. And the problem is that in the West, most people don't take Russian threats seriously. And they think, people in the West think, and the Ukrainians think that you can continue to poke the Russians in the eye, and when they complain or say that they're going to take drastic action against you, you can just brush it off.
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I think that if the Russians are serious about reestablishing deterrence, and here we're talking about deterring the Europeans from helping Ukraine attack mother Russia. They're going to have to attack targets in places inside of Europe. Probably the Baltic states. I think they're going to have to do that. The the Russians are going to have to play hard ball with the Europeans. Playing hard ball with the Ukrainians doesn't matter. The Ukrainians have suffered enormously up to this point and they managed to hang in the fight and the Europeans continue to assist them. So I think you know even a massive bombing campaign against Kiev won't do the job.
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