The announced two million barrel cut per day from OPEC+ was a heavy body blow to President Biden and the Democrats as they face what may be very rocky mid-term elections. Did Biden pressure the Saudis to hold off on the cuts until after the elections? Also today, a CPI nuke was dropped on the US economy. Finally, how democratic is Germany?
Reprinted from The Ron Paul Institute for Peace & Prosperity.
“The market will break through…, it will be political…a blame game”
says Mr Paul. “Bigger picture…US doesn’t realize it has less leverage…has to do with sanctions…” says Daniel McAdams
For a decades, the US’s “quid” to the Saudis’ “pro-quo” (or vice-versa) has been a lame joke. Energy resources trump (small “t”) any and all amounts of arms inventories for sale. Both energy and arms are commodities. Their potential sources are almost limitless, so long as the price is right. Biden (i.e. his handlers) obviously missed the millennia-old “beggars cannot be choosers” memo.
But then, who is running Biden? A clown-car of fools, immediately. The latter run by a cabal of very intelligent demons. The $64k question: How coordinated and able are the latter to prevail? Stay tuned.