The energy crisis is planned and desired Electricity prices skyrocket, but that’s our new better world after all

The Emissions Trading Systems (ETS) were introduced with the Kyoto Protocol and imposed on the EU and other countries by the infamous Al Gore. His idea that whoever produces more CO2 has to pay for it was seemingly clear at the beginning and many immediately embraced it, but the ETS quickly became financial instruments in the hands of large investors and thus began to serve as such for speculation. ETS became a commodity on the stock exchange, traded just like bitcoin or CFDs (Contract for Differences). The fact that in the end it is the end consumer who suffers is of no interest to high finance, the EU and US elites. Take Elon Musk, for example. Do you think he earns his money by selling electric cars? Not by any means. By 2021, he won’t have made a single cent of profit from car production. Until last year, his company made its best profits from trading CO2 certificates. In the last three years it was $3.3 billion. Another of Musk’s gold mines is trading in Bitcoin. As reported by Tagesschau at one time, Tesla had acquired Bitcoins for $1.5 billion from January to March 2021 and then resold them for the profit of $300 million. Everyone knows that Bitcoin production and transaction means enormous energy consumption. Never mind, the main thing is that it is a modern currency. Wow! Are electric cars not environmentally friendly at all because exorbitant amounts of precious and industrial metals are needed in their production? No problem. The main thing is to scrap old cars and buy new “emission-free” ones, according to the Green narrative. You have a Tesla? Wow! The ruble is rolling, one would like to say, although the ruble is just rolling towards China, as Russia has multiplied its exports to the Middle Kingdom since the sanctions were introduced, making nonsense of the West’s sanctions. Driving old diesel is yuck, but taking a tour into space with Spacex is mega cool. Isn’t that right, Greta? You’ve already circled the globe with the most environmentally unfriendly means of transport. The time is coming for the moon. Putin’s action against Ukraine is simply a good reason to speed up the green revolution in the West. Continue reading →

Austria prices first euro zone public debt sale below ECB deposit rate

Austria on Wednesday became the first euro zone country to price a public sale of debt below the European Central Bank’s deposit rate, as expectations of more ECB stimulus and worries over the global economy push yields in the bloc to new lows. Source: Reuters

Canada raises capital requirement for domestic banks to 2%

Canada’s bank regulator, the Office of the Superintendent of Financial Institutions, on Tuesday raised the capital requirement level for ‘systemically important’ banks in the country by 25 basis points, to 2%. Source: Reuters

Industrial production falls 0.5% amid big decline in auto output

U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide.
The Federal Reserve says industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April.
Industrial production also fell 0.5% in February.

Source: CNBC

Germany goes ahead with Nord Stream 2 despite U.S. protests

“The main installations have been completed, the shut-off valves have been installed, so we can assume that the project will be completed by the end of 2019,” said project spokesman Jens Müller. Source: The Local Deutschland

Gazprom’s Power of Siberia gas pipeline to China is finished

Russia’s state-owned gas giant Gazprom will start filling the Power of Siberia (Sila Sibiri) natural gas pipeline that connects Russia to China from September 1, Gazprom Transgaz Tomsk said in its corporate magazine on March 14, as cited by Prime. Source: Intellinews

MSCI to quadruple index weight of stocks listed in China

Index provider MSCI Inc. said it would quadruple the contribution of mainland Chinese companies’ to its benchmarks, a move that makes shares in Shanghai and Shenzhen all but unignorable for many international investors. Source: MarketWatch

Global Analysis from the European Perspective. Preparing for the world of tomorrow

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