Capping uh and capping prices so basically the g7 nations were saying to russia hey what we want to do is cap the prices of gas right we’re not going to pay anything more than what we want right what they’ve been telling them is we’re sanctioning you we don’t like you
Anymore we are going to stop using your oil but we need it for now so we’re going to put a cap on the price right right and so within the last few days the nord ones pipe the nord stream one pipeline has been down for scheduled maintenance
In the meantime europe kind of freaked out that russia would not turn this pipeline back on because of the extreme dependency on this pipeline and now reuters is reporting that the russian gas company gazprom has sent a letter to at least one european market we are surmising that it’s germany because
Germany is the major recipient of this pipeline and said we declare what’s called a forced major we no longer have to honor our contract and send you oil at all we don’t like doing business with you we decide that this is a forced major ending of the contract how do you like
Them apples so gas problem yeah this is how zero hedge reported if you want to take my laptop here phil gazprom reportedly declares force major will halt gas flows to germany indefinitely already just days before july 22nd european doomsday when the scheduled russian 10-day maintenance of the crucial nordstrom 2
Pipeline is slated to end but which was thrown into deep doubt given the fact that gazprom recently said it it could no longer guarantee its good functioning so now this force measure let’s talk about what is a force major basically well i want you give me the definition but simply put gazprom
Declared extraordinarily and extreme circumstances to void itself from con contractual obligations to its customer basically the gas will stop flowing so already you’re seeing companies saying hey we’re going to have to uh reduce the amount you have to turn off the lights yes you have to turn off
The lights you have to turn off gas you you can’t cook at certain times now well we saw that just last week we reported in the newsletter about how a german landlord is saying that you can you can only put your thermostat to was it 20 uh 17 degrees celsius seven
Yeah well that would at nighttime so i’m sorry if you’re cold this is these are the conditions under which we will all live this winter anyone who lives in this and this is the biggest property owner in germany so anyone who lives in those apartments at
Night will not be able to spike their thermostat they better buy extra blankets so we’re seeing real life changes due to our dependency on foreign oil so limiting everything from limiting hot water to shutting down swimming pools to um you know if you’re thinking about first world problems right if you
Worried about your german swimming pools there’s a lot of other problems in the world right uh to quite literally dimming street lights as it entered alarm stage over this dwindling supply as xero hedge is reporting they’ve really taken unprecedented steps in anticipation of enduring russian gas halt essentially dimming the lights
Across the country and this is going to have dramatic reverberations across europe and into the united states of america as well um and again so this sort of dance right you’re calling putin’s bluff on this the eu and ursula of underlying calling putin’s bluff on this like hey
Yeah here’s what we’re gonna do you’re gonna keep we’re gonna keep buying our stuff from you but we’re going to cap it at a certain price and you will go along with this oh and by the way you will also use our currency our euros here you go
Russians are like well they were buying sort of tokens from gazprom after russia had decided that gazprom would only uh accept money in rubles um but this is really interesting move because who’s to stop them from doing this right who’s to stop who’s to stop russia from
Saying well then we don’t honor this business contract anymore right is there an international i mean surely within these contracts there is some kind of international court with there’s always some kind of clause in a contract that says if either party fails this will be litigated where right but where are
Those now neutral places that either of these nations would agree to would they even care right can they even do this it’s interesting because when you look at what the definition is of a force major it has to be can we put it up i just screenshotted this from investopedia um
Here it is yes this one here it says that it needs to be there are three three things three definitions it has to be i’m sorry i can’t i need to start bringing my glasses yeah good idea um it so irresistible is one of them meaning you couldn’t
Change it right there’s no way to stop it unforeseeable is another definition of a forced major or external meaning you could not affect it right and so that’s the one that i’m kind of hung up on because for russia to say look the war is a force major it really is you know
I was going to say covid in many cases was considered a force major for many business contracts right right many businesses could not carry out their obligations because kovid came along um a hurricane is a force major uh clayton tells me i’ve brought no no i’m telling
You it is your microphone oh okay he went like this and i thought that meant you’re drifting she was drifting away from the microphone and when you drift away from the microphone this is what happens so i’m trying to look okay i’m trying to look at you
Anyway yeah so that you could you could say you know the pandemic was a force major you could say these unbelievable a tsunami this is a force major yes again yeah who who’s going to imp who’s going to stand by and say but you know what russia could say wait a second we’ve
Told you not to send these long-range weapons systems into ukraine and to fire upon us which they’ve hit these highmars that they’ve been now sending into ukraine over the past 24 hours these uh these heavy weapons right these long-range heavy weapons that can fire inside of russia russia has said their
State state television has said hey we we have now knocked these out so stop sending these things because we’re just going to keep blowing them up right and we don’t want to sell you gas to right exactly i’m sending those in right how ridiculous i’m trying to think of like a uh
You know like an analogy like with my family like how ridiculous this would be right like well it’d be like giving cousin eddie gas you know to come back to your house for christmas right like no i’m not going to do that you know the national lampoons yes right like you
Don’t if you don’t want that actor to be in a certain place you don’t give them gas money philip can you think of like a good analogy or anyone in the chat anybody commenting i can’t i’m trying to think of like a good analogy actually i brought this up in uh
Yeah like several months ago i brought this up uh this analogy because it is how i see it it’s like why it’s so interesting that europe can tell russia that we don’t want your gas anymore next year and it’s like it’s like a bunch of kids it’s a bunch of kids playing ball
Right they’re all playing baseball but only one kid has a ball and nobody else wants to play with that kid they’re like like hey you’re not allowed to play baseball with us once we get our own baseball but if you could at least hang around and we could use your ball to
Play until we get our own baseball then you’re out you’re totally out after that and that’s kind of like a simple analogy for it but it just blows my mind that once once germany came out and said that i mean it was it was a couple months ago
That where germany came out and said like like we are totally uh gonna cut off russian oil next year right next year but for the meantime for the meantime we’re going to continue to buy your oil and also send weapons to fire uh into and kill your your citizens as well like
We’re going to continue to do that you know we’re going to use it right we’re going to use that gas meanwhile the uh international energy agency uh the iea um released their report back you can take my laptop here philip back in february this was literally right after
The invasion so they already had this ten point plan to reduce european union’s reliance on russian natural gas so let’s go through this 10-point plan let’s look at what they said back then meanwhile they didn’t do any of this right no new gas supply contracts with russia and they still put those gas
Supply contracts in place rev members or vlanderline even did replace russian supplies with gas from alternative sources did they do that i don’t know no what else introduced minimum gas storage obligations to enhance market resilience where’s that where where’s the surplus so we can actually make through this winter right now accelerate the
Deployment of new wind and solar projects because that’ll what i love how there’s really is there any mention oh here’s some nuclear information germany by which by the way cut off and shut down their nuclear power plants right just in time literally just in time as the ukraine war was starting maximize
Generation from existing dispatchable uh dispatchable low emission sources bio energy and nuclear but you know what germany did the exact opposite which was shut down their nuclear power plants at a time when russia was actually ramping up nuclear production yeah enact short-term measures to shelter vulnerable electricity consumers from high prices
Okay speed up the replacement of gas boilers with heat pumps accelerate energy efficiency improvements in buildings and industry so accelerate that yeah get on that because that’s going to you know that takes like a decade right or longer to try to do that encourage a temporary thermostat adjustment by consumers
So we’re already doing that and crosstalk how temporary though right because now it’s a necessity it’s not just a sort of weaning ourselves plan it’s a there’s nothing there also you know how about like tap into our own natural resources no we can’t do that like that’s off the great reset agenda now
Because the world economic forum and klaus schwab have spoken like you can’t do that you can’t tap into your own country’s natural resources oh and you can’t use nuclear energy which we now know how safe that is right so no uh we can’t do any of that so i think
This begs an important question for those of us who don’t live in germany is will these kind of measures come to the west will our dependence on whatever energy we’re dependent on right now could that happen here right wherever you are here what do you mean by that i mean we’re already
Seeing in the united states a total collapse like we’re literally sitting on hold on we’re literally sitting on mountains of resources that we’re not using right and instead president biden flying to saudi arabia doing this ridiculous dance uh with with a with a known with a known killer
Basically uh ordering the death of you know i mean think about the the thousands of people in yemen and syria and and washington uh washington post journalist jamal kasoji like literally going there and bowing down and bending the knee with the saudi with the saudi prince and
The saudi regime begging for oil at a time when you literally are sitting on mountains of oil um in in the united states of america right i guess i wasn’t specifically asking about oil but any resource right any resource that we’re used to we we continue to be warned about grains and oil
Um cooking oil as well as gasoline and so if this could happen in germany which is just known as i’m sorry to use this expression this is what comes to mind a well-oiled machine right right then can it happen anywhere where you will then wherever you live be
Capped at your ability to heat or cool your house during extreme temperatures or what you can buy or where you know yes the pools you can swim in or anything like that is this coming for all of us yeah i mean look people are saying right now in our in our chat let
Us know i mean uh yeah sri lanka yes um ireland um yeah it’s this is gonna it’s gonna happen all over the place yeah right um so yeah let’s let me let’s talk about president biden’s saudi arabia trip right um his trip there to get saudi oil that was the whole
Point right was to go there and ask them to lower to increase capacity lower prices get us oil right that was the fist bump uh heard around the world right there of course the saudi when they did that fist bump by the way the saudi press office was the one that
Released that fist bump photo like that oh yeah they pushed that thing out um as quickly as they could and so that fist bump boom moment was uh because of because of the saudi uh saudi office um pushing that out um so his saudi trip
Was a disaster it yielded no oil and no push to end the conflict in yemen so here’s the fist bump again let’s watch this boom photos there they made sure that was perfectly staged um to send out so um and the saudis couldn’t the saudis came out and said we can’t expand
Right they already they already said that we have no capacity right saudi arabia cannot expand oil production beyond 13 million bpd well because this is already an agreed upon number with opac they could right but opec but they’ve decided not to and they don’t want to uh tap into their profit margins well
Let’s go through this article shall we okay go through the article oh uh put it and put it back up on the screen sorry sorry i interrupted well no i thought you were going to go through it so go through it here let’s uh let’s take a look at this right
Saudi arabia will not have any additional capacity so they have this one mil they have one million additional that they can work on by the year 2027 but that’s going to take a while like they are not ready for it and they have this agreed upon price tag they are
Not moving forward on it in any kind of capacity and this is where we’re stuck rand paul tweeted about this he thought it was a disaster to go to to go into saudi arabia here was rand paul saying this saudi arabia disregards basic human rights slaughters innocence in yemen horrifically murders dissidents
Puts millions on the edge of starvation and supports and strengthens our enemies he goes on to say yet biden cow towels to them to try and fix a crisis of his making instead of changing policies here at home to fix domestic oil production and then he goes on to say
How many uncontested arms sales are they going to get out of this how many more lives in yemen will it cost you could also mention syria and just to appear as if he’s helping and literally on the same day that this happened i didn’t put it in the show but they
Train uh trailer after trailer after trailer of oil being leaving syrian oil fields the very same syrian oil fields that the united states lies about and pretends that they are there simply guarding that’s what they’ve that’s what they say publicly that the united states has 2 000 troops just guarding those oil fields
So that they’re protected for the syrian people which the syrian people don’t get access to that the united states steals the oil and then drives it out of there that’s what happened over the weekend literally semi truck after semi truck after semi truck leaving these oil fields
To ship oil where who knows where we’re probably selling it it’ll be amazing to see if it winds up in the united states but we literally go into syria and steal their oil well the white house is doing a victory lap about this trip to the middle east
Though saying that it actually brokered ties between saudi arabia and israel opened up airspace that wasn’t open before um so i guess that was important good who was one who had that on their wish list on their 2022 goals so that means he flies
Air force one 7 000 mile jet trip to beg saudi arabia for more for more for more oil capacity when at the very same time the west is putting draconian sanctions on russia driving up the cost of the cost of of everything yes right ruining the economy
Back home but flying to saudi arabia to kiss the to kiss the hands and setting the example for the rest of the west that does what the united states wants right so the eu and the uk uh now considering putting more sanctions on russia because
That seems to be going so well for them this time on gold they’re meeting today we’ll know what that mean results in in short order but at the same time it’s interesting that the sanctions just keep piling on and it’s having absolutely the boomerang effect of harming the citizens of the countries
That are doing it yeah i mean a little bit more on that so so yeah the eu is meeting this afternoon they they have this discussion tomorrow we might learn whether or not they add additional sanctions against russia so today was just the discussion phase yes on russian gold and additional sanctions
It’s it’s done nothing it’s done nothing what’s happened the value of the ruble has gone up right if anything we’ve seen the fracturing of this liberal world order and these globalists have we’ve seen look let’s see the uprisings in the netherlands sri lanka albania we’re seeing it in panama
Now we’re seeing it all over the world i mean when are they going to learn their lesson and so then you then you see what’s happening in russia and you see that their economy is doing well you see that they’re have made significant ties now in areas maybe that
Hadn’t fully solidified before with india and china um it’s like a reordering of deck chairs on the titanic at this stage yes i mean it feels like that so and i’m watching headlines today of cnbc and wall street journal saying that the dollar is so strong right now but it’s
Really not it’s just that most western currencies are down and the dollar is sucking the least right so we’re calling this the like we’re patting ourselves on the back right for winning the losing race you know and and i find that very interesting when you look at sort of
Eastern um markets that are not suffering from these government crisis government government made crises well and you think about the way in which their currencies are tied to actual physical things like gold russia has as close an economy tied to gold as any major government currency
Does russia and think about as a gold standard right so the united states doesn’t right we were taken off the gold standard in the 1970s under nixon russia is as close to a gold standard while not actually technically on a gold standard but it really is almost a ruble to gold
Scenario in in russia why do you think they’ve been buying up so much gold why do you think that china has been hoarding as much gold as it can get its hands on yeah right so again you have these currencies and these economies that in many ways are tied to physical
Physical precious metals and other things like that while the united states is on thin air 30 trillion dollars in debt thank you so much for subscribing to our channel you know we’ve been banned we’ve been blocked we’ve been censored that’s why we started our own website to stay connected with you for
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