Western "experts" don't appear to grasp the very simple principle that Western Oil spot prices, namely Brent and WTI are irrelevant when it comes to Russia, because Moscow is not going to sell them any oil at any price.

Western democracy "strikes" again:

Rishi Sunak is under pressure from his own MPs to accelerate new strike-busting legislation, as UK faces the biggest wave of industrial action since 1989.

Incredible to see fellow westerners cheerleading policy decisions which are systematically taking wrecking ball to their own economies, fin system and societies. Sadly it will take their own situation to become perilous before they wake up to absolute absurdity of what's going on

Wealth is not FIAT paper tied up in the most bloated assets in human history.

China produces 600mt of gold per year and for many years, which never leaves China and yet people are tweeting that it has increased its reserves by 32mt in 3 years.

Never mind the massive gold imports including 1000mt per month, for 30 consecutive months starting in 2012.

Do as we say, not as do:

US imports doubled from Russia from September to October.

Qatar Central Bank has bought another 2.6 tons of gold in November, increasing its holdings to 91.5 tons.

I wish there was something positive to say about the west but with comments like this, you can see the dilemma.

Josep Borrell:

The greater the destruction Ukraine is subjected to, the higher its chances of joining the EU.

Recall 3 months ago, Borrell stated that EU countries stocks of weapons were severely “depleted” in the wake of sending arms to Ukraine.

3 months later, how many of those severely depleted EU nations are now running on fumes in this regard?

Recall when Russia technically defaulting on its western debt obligations was a big thing?

History will show why the US decision to sanction Russia's central bank and effectively steal its assets was the worst foreign policy decision Washington has ever made.

https://twitter.com/KSAmofaEN/status/1600794843202355201?s=20&t=cRKqT1Izh5W2zmdkkluaug

Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change.

As we keep saying, the climate change agenda is largely hot air.

https://www.reuters.com/business/sustainable-business/vanguard-quits-net-zero-climate-alliance-2022-12-07/

US doesn't have a single relationship, even with its allies, that comes remotely close to this.

Also why US is now in rapid terminal decline.

https://twitter.com/KSAmofaEN/status/1600765342841999360?s=20&t=cRKqT1Izh5W2zmdkkluaug

National Bank of Belarus will exclude the Euro from its December 12th foreign currency exchange list. Also note that the ruble has a 60% weighting in this list.

UNGA voted 149-6 that Israel must cease holding nuclear weapons.

US, Canada and Israel voted against this proposal.

European nations including UK largely abstained.

Saudi Arabia and China have signed a Comprehensive Strategic Partnership Agreement

A huge misconception of the west is that they think that multipolarity is going to take decades to reach the stage it can compete with the US. Many in fact think it is an impossibility.

They are going to find out soon enough how spectacularly wrong they are.

People largely don't grasp that the Vietnam war was a major catalyst for the destruction of US hegemony and the USD. It was a war they couldn't afford to fight so they closed the gold window and the rest is history.

Bailouts via printed money. People think US is a financial first world nation.

Biden on Thursday is announcing the infusion of nearly $36 bn to shore up a financially troubled union pension plan.

https://www.cnbc.com/2022/12/08/president-biden-releasing-36-billion-to-aid-pensions-of-union-workers.html