Inside Take: Oil Supply Shock on the Way!

Note: As part of our premium service, I regularly post short takes on whatever is urgent or needing some more attention that day. This is available to our Insider and VIP level subscribers. I am making today’s available to our entire subscriber community because I want all of our information scout subscribers to get a taste of what’s going on over in the other areas. Also, today’s topic is just too important and I want everyone to get to see it who would like to see it.

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Shockingly Low Oil Supplies

I simply cannot believe the oil supply numbers I am seeing. There’s a global oil supply shock underway and as high as oil prices are, they are simply not factoring in the truly desperate supply situation in which we happen to find ourselves.

I suspect that either a) speculator-driven markets are a very bad idea for necessary commodities and b) there’s a bit of “narrative control” going on in the paper markets with various political and monetary authorities conspiring to drive down prices by dumping paper contracts into the futures markets.

Either way, the result is a big and ugly explosion later on.

Oil is simply not one of those things you can manipulate for long, unlike silver or gold.

The metals markets aren’t quite as critical as oil, so they can be monkeyed around with for longer without anything terrible really happening. Oil, on the other hand, gets used up faster at a lower price and when/if it hits a certain critical level, we’ll see extraordinary price spikes as a consequence.

Of course, oil IS the economy. So, any price spikes are really just another way of saying “shortages” which is another way of saying “there will be less economic activity.” Less oil = higher prices = lower economic activity. They are related if not equivalent statements.

The chance of this all ending in a financial and economic implosion is very high. I am personally preparing with greater urgency and getting ready for what could be a long period of disruption.

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“I Have A Bad Feeling”, Tonight on Informed Consent, 7 p.m.

Tonight, Chris dissects the latest energy, economic and health news and why the road downhill looks more perilous each day. The U.S., EU and Russia are signaling more hostile intent through backchannel diplomatic moves and front facing resource and economic attacks, and now a new military base near Russia’s border in Poland.

Is it the late 1930s again? What about the impacts of current events on our home fronts? Potential energy shortages reaching across the Atlantic to America? And then there is still the Covid and the vaccine injuries…

Tune in live tonight, June 30, 7 p.m., EST. Here at Peak Prosperity.

Editor’s Note: there will be no Part 2 tonight.

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Early Bird Ticket Sales Extended, Available to All Subscribers

The need for community, especially of like-minded people, has never been stronger. The economic indicators, as well as all of our personal experiences, are pointing to hard times…or is it harder times. And yet, we still must navigate the harsh reactions from too many people because we question the narrative…with data (it’s a bizarro world, indeed).

That’s why we need each other, and why we need to build our resilience.

Therefore, I feel it’s important to make this event as accessible as we can. Our team has decided to extend our Early Bird Ticket Sales to July 24. Because we have room. Because we want as many of you to attend. Because we should never feel alone in our world…but don’t wait. Early Bird Ticket Sales pricing for the Honey Badger Gathering will end July 24. Also, ticket sales are open to all subscriber levels (free to VIP).

Who Should Attend

So, what’s this gathering/conference all about? We are going to need community more than ever in the years to come. Many, like myself, do not have experience living in a community where people actually “need” each other. So, how do we go about building a durable community? History says that all durable communities or associations – be those religious or the Boy Scouts – share the same features. They have rituals, regalia, hierarchy, and mentoring. For the Boy Scouts, it would mean secret handshakes (ritual), neckerchiefs (regalia), different levels from Cub to Eagle Scouts (hierarchy), and they actively have older scouts teach younger scouts (mentoring).

At this gathering, we’ll have some of each, but we’re asking people to show up in one of two modes; active learner or as a mentor. Or better yet, both! We’re focussing on mentoring. We want you to bring a skill or knowledge to share, or to be ready to really listen and learn from your fellow tribe members. Anything and everything is welcome. Are you a skilled rabbit raiser? Do you know how to invest in Oil & Gas? Are you especially good at guitar or storytelling? Anything and everything is welcome.

Or bring whatever problem you are trying to solve or decision you are trying to make. I guarantee you – whatever your issue there will be someone here who can address it with expertise.

If you have something to share or teach, click here and at the right of the page you’ll see “Agenda”.  Fill out that short questionnaire. Easy.

And as we approach the July 4th weekend, I can’t think of a better way to celebrate Independence Day than by taking steps to secure our own personal independence through resilience.

It will be a remarkable event for Tribe, continuous learning, community, a beautiful environment…and fun.

We hope you can join us.

Chris

 

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Inside Take: Shortages Are Hitting Home

Shortages are hitting multiple industries all at once…and they’re hitting home for the rest of us. Listen to Chris’ take on this developing situation.

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The Planned Crisis Continues To Unfold

Today, we’re going back over The Great Reset. I initially produced this video back in November of 2020 and it’s worth revisiting today. Why? Because it’s hard to get our hearts and minds around the level of ignorance or depravity, or both, that the WEF/Davos crowd are exhibiting.

They really are either as dense or as malignant as they seem.

The predicament they and their many willing foot soldiers have placed us all in is quite dire. I cannot find any path forward that avoids great strife for the masses.

The energy-related and monetary shocks are now in the system and will have to work their way through before we can even begin to guess at the actual impacts.

While hopefully smaller than we might fear, we have to also consider that they might be far more damaging than our darkest thoughts.

Nobody can know the final results, but we can determine the direction. Less energy equals lower living standards. Many of those possible outcomes can be somewhat avoided by people who take early actions.

Having hard assets helps. Being able to produce your own food can be a lifesaver. Having a strong circle of like minds to help you think things through and to have your back will be vital.

So, it’s time.

Time to really allow ourselves to admit that whatever their plans or intentions, it’s too late to put the genie back in the bottle. We’re now a part of whatever unfolds and we’re going to have to make the best of it all.

They’ve planned a crisis, and now it’s here. However skeptical it’s possible to be about their plans, I am 10 times more skeptical than that.

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The Great Reset is Causing a Great Recession

In November of 2020, I covered the Great Reset for my subscribers. I am always trying to understand what is happening in the world and why. Such “framing” is essential if you want to avoid being another Rat in a Cage.

Yes, the shocks still happen, but at least we know where they are coming from, and we can avoid accidentally blaming innocent parties for our discomfort and fear. That’s a huge positive as it saves emotional and physical energy and money.

Better yet, we can anticipate events and take actions to assure we and our families and loved ones are taken care of in the event of certain bad outcomes.

Let me be blunt; the Davos/WEF/Great Reset crowd is chock full of ignorant fools. They are “true believers” in their ideology and yet far too few of them have any practical experience to fully appreciate the gears they have set in motion.

To them, you just administrate and bully to get the outcomes you wish. To us, out here in the real world, we understand that the economy and energy systems upon which we all depend are actually quite fragile complex systems. You perturb them at your own peril.

Starve a major economy for energy (as is happening in Europe right now) and you cannot control what happens next. Instead, because it is a complex system, all you can do is sit back and watch for what emerges.

That’s the nature of complex systems – they are inherently unpredictable. You cannot plan for certain outcomes, you can only apply pressure and then watch for what emerges.

Well, I won’t be at all surprised if what “emerges” from all these WEF shocks is complete chaos. Economic and financial meltdowns, asset destruction, currency gyrations unseen for generations – you name it!

At the end of it all, however, this prediction is easy to make; the aftermath of an energy-starved economy is that living standards go down. Well, for the masses. Not so much for the wealthy elite who are the same ones now running their Great Reset experiments on us all.

I have decided to make this formerly behind-the-paywall episode partially public because it might be helpful to do so. Further, it shows the level of thinking and the timeliness of the analysis that I provide for my subscribers.

If knowing such things in advance is useful to you, then you should definitely subscribe!

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Inside Take: Macron Schools Biden on Current Saudi, UAE Oil Production Limits

Chris takes a dive into the unlikely news that it took a French prime minister to educate an American president on the state of oil production capabilities (or lack of) in the Middle East.

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Inside Take: Stunning Birth Data

This data on the drop off in birth rates in multiple reporting countries is really bad. Horrendously bad.

The number of births in three reporting countries are down by unthinkable amounts. Germany, Switzerland and Taiwan are each reporting huge declines that are “large sigma” events.

Note: I am on the road this morning and unable to produce a video, so here’s a quick written summary.

Here’s Germany, reporting a 9-sigma decline in live births for the first quarter of 2022, which means something you might expect randomly every few hundred million years or so. I’ll have to check the math on that, but it should never happen, yet it has.

German “heath” authorities have tried to down play this by saying it can’t be the vaccine because only elderly people were vaccinated during the conception window. This turns out not to be actually true. Yet another non-shocking display of a national health authority either not being in command of the most basic facts, or outright lying to protect their pharma friends.

Don’t forget, there was a huge marketing campaign enlisting “experts” and doctors to shill for the idea that these vaccines were safe for pregnant women and didn’t affect fertility. How they could be allowed to say that given the fact we knew, at a minimum, that women’s menstrual cycles were strongly disrupted is beyond me. It’s not even remotely defensible on any level.

All I have to say to Dr. Hildreth is fuck you. There was no possible way any competent or caring doctor could have said anything other than “we don’t know” because the shoddy vaccine trials didn’t include pregnant women or follow them up when they accidentally did become part of the trial.

Next, Switzerland is reporting births by month, with the same chilling result.

What could it be? Are women and men just staying home playing video games, too tired or worn out by circumstances to carry on with life? Or could it be the giant medical experiment that was forced onto the population? Remember, even the FDA’s own advisory panel said that if we wanted to find out if these vaccines were safe for children that “we’ll just have to give it to them to find out.”

Finally, we have Taiwan sporting a literally unthinkable 26 sigma event:

What’s interesting here is that Taiwan heavily leaned on the Astra-Zeneca vaccine early on, but later brought in the Moderna and Pfizer jabs. Is it possible that any old jab could do this? Is it a delayed reaction from exposure to the lab-created brainchild of Fauci/Baric/Daszak/Shi? Both? Something else?

At this point we don’t know but the precautionary principle would clearly indicate that we should immediately stop ““vaccinating”” young people immediately.

First because these vaccines do practically nothing against the omicron strains in terms of reducing spread or viral loads, and second because young people aren’t at risk of serious outcomes form omicron.

There’s literally no medical logic or public health necessity that can be defended here. So why are all these countries still insisting, promoting, or mandating vaccines for everyone?

Is it mass psychosis? Is it something darker?

All I know is that the people worried about a depopulation event now have powerful data to work with and the flames of discontent are sure to be fanned by this news.

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Dead Cat Bounce; A New Reserve Currency

The markets were mixed for most of the week. However on Friday, there was a bit of a surprise rally in equities. Financial Entertainment News thought the pop on Friday was due to this:

The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise at a 5.3% annualized rate as of the end of June.

That’s a very modest improvement over the 5.4% expectation earlier this month. In that same report, the consumer sentiment number came in at 50, which is a new all time low, vs last month’s reading of 58. This series goes back to the 1950s, and it does tend to be a predictor of where things are going next, so this new all time low is very bearish.

But timingwise, the sentiment numbers (10 a.m. Friday) did line up with a fairly brisk rally in equities, crappy debt, copper, and silver that started right at 10 a.m. I’m not sure what to make of it. “Rally on worst sentiment numbers ever” – really? Or was it on the 0.1% decline in inflation expectations? Or manipulation by “someone”? No idea.

Equities did move higher this week, rallying +6.45%, with half of the move happening on Friday right after that release. The candle print looked strong, the sector map was bullish (discretionary, sickcare, and tech were leaders), but does this really mark a low? Or is it just a dead cat bounce?

Let’s consult Doctor Copper. This week, copper fell for most of the week, losing -0.29 [-7.20%].  That’s a pretty bad week. While copper ended Friday flat, it wasn’t a bullish print. Copper’s downtrend remains quite strong, and the breakdown below support currently suggests: “dead cat bounce.”

Crude edged lower this week, falling -2.54 [-2.33%] to 106.34.  Crude rallied on Friday, which erased what would have been half of crude’s weekly loss. Crude’s OI (blue line) remains quite low, which suggests to me that the banksters don’t really want to go short here, even with crude at near-decade highs. This hints at (probably) higher prices ahead. Higher crude = inflation.

And here’s the U.S. Strategic Petroleum Reserve (red line) & U.S.-non-SPR (black line) oil in storage. President Grandpa’s WEF-trained handlers are continuing to enthusiastically sell off the oil in our SPR, which we keep to help the nation deal with medium-term energy emergencies, at seven million barrels per week, but the U.S. commercial storage isn’t growing at all.  The weekly-released SPR-crude is either being consumed in the U.S., or sold abroad. Emptying the SPR with no emergency is in service to the WEF-transnational goal: “the U.S. won’t be the sole superpower by 2030.” No energy = no civilization.

Gold moved down -11.27 [-0.61%] to 1838.30 with most of the loss coming on Thursday. The OI for gold remains quite low, and it fell this week, which continues to suggest we are closer to a low for gold than a high. At the very least, the banksters are not piling in short, which they tend to do at the highs.

The buck dropped -0.56 [-0.54%] on the week; this was a relatively quiet currency market this week, at least from the USD perspective. The buck remains quite close to a multi-decade high – last time we were here was back in 2003.

Same thing (in reverse) for the Euro; the Euro is just above (104) support. If the Euro drops through support, it will worsen the inflation situation for our friends across the pond. Let’s hope peace breaks out in Ukraine before that happens.

For the most part, it was an uneventful week in the markets, although based on Doctor Copper’s continuing decline, I think the “risk” downtrend remains firmly in place.

---

“Outside, In”:

• Sri Lankan economy has ‘completely collapsed’, leader says. “The country of 22 million people is struggling with its worst economic crisis in seven decades.”  I’m guessing the economic hitmen are landing in force.
• Goldman sees Turkey inflation of near 80% before relief comes. USD/TRY now 16.86; Jan 2021 it was 7.43. It has been chopped more than in half. Turkish central bank rate = 14% for an inflation rate heading to 80%.
• Violent clashes continue in Ecuador over rising food and gas prices.  “…the capital city of Quito is virtually paralyzed as clashes with police continue into their second week.”

“Health”: The Narrative

• Americans Are Wasting Billions Every Year on Useless Supplements, Scientists Warn. “Unfortunately, based on the existing evidence, the Task Force cannot recommend for or against the use of most vitamins and minerals and is calling for more research,” says USPSTF interim chief scientific officer John Wong. Related: Fauci himself takes vitamin D, but can’t find enough evidence to recommend it to You and Me. Result: hundreds of thousands of people died.
• Gay and bisexual men WILL be offered monkeypox vaccine in targeted rollout. “UK steps up efforts to thwart outbreak amid warning it could get 10 TIMES bigger as health chiefs log another 200 cases.” UK: 793 cases, Spain: 497, Germany: 421, Portugal: 297. Average age: 37. Still no deaths.
• 20 million lives saved by COVID-19 vaccines in first year: report. “More than 4.3 billion people received an inoculation, saving 20 million lives, according to research published Thursday in the journal Lancet Infectious Diseases.”  Since Pfizer’s own data [page 12] show that the shots kill more than they save, this suggests the shots have killed more than 20 million people. If only we had decided to employ early treatment instead of forced vaccination.

• Shanghai Coronavirus Lockdown Ends After 65 Days and Millions Celebrate. Yay! All safe. At least until the next lockdown.

“Health”: Cracks in the Dam

• Deborah Birx had a tough day in congress; “hope” is no basis for health mandates or treatment policy [bad cattitude]. jj: “when the government told us the vaccinated could not transmit it (covid), was that a lie or a guess?”  db: “i think it was hope”.  Jim Jordan (jj) appears to have awakened.
• BREAKING: Austria to scrap mandatory Covid vaccination law. Note: Law suspended in March – now scheduled to be eliminated August 31st. Resistance is not futile.
• WHO and Lancet Commission Chiefs Come Out in Support of Lab Leak Theory.
• What Joe Biden Said About a ‘Second Pandemic’.
• Danish national board of health admits vaccinating kids for covid was a mistake [bad cattitude]  “But what we have to hold on to is that there has been no damage from it.”  They haven’t acknowledged the SAEs yet; we’re halfway to the truth.

Inflation:

• How it started: Biden praises high gas prices as part of ‘incredible transition’.
• How it is going: Biden to call for 3-month suspension of gas and diesel taxes.
• Powell tells Congress the Fed is ‘strongly committed’ on inflation, notes recession is a ‘possibility’. I’m old enough to remember when inflation was gonna be “transitory.” And now we hear that a recession is just a “possibility”?

Ukraine:

• Ukrainian forces retreating from eastern city Sievierodonetsk to avoid being encircled by Russians. “Russia controls around 95% of the Luhansk province and around 50% of the neighboring Donetsk province.”
• Ukraine must agree a peace deal with Russia. But at what price? The article points out that more guns won’t win the war; they just prolong it.
• EU plans for life without Russian gas amid inflation spike. “The EU relied on Russia for as much as 40% of its gas needs before the war – rising to 55% for Germany – leaving a huge gap to fill in an already tight global gas market.” Good luck with that.
• Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency. Actually, this challenge is composed of the BRICS nations (Brazil, Russia, India, China, and South Africa) not just Russia and China. Has the WEF been able to penetrate these BRICS cabinets with their flock of Young Global Leaders? My sense is no. I can just imagine Engineer Xi, or Putin’s response to such an attempt. This currency challenge is an unintended (but foreseeable) consequence of the West attempting to impose “sanctions” on Mister Price Hike Putin.

 

 

 

 

 

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