Ripped From The Headlines, October 27, 2023
China Does Oil Deal In #CBDC, Auto Execs: "EVs Aren't Working," A Legit 3rd Party Candidate? Read, Share, & Subscribe - SherlocExposes.com
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“Chinese oil and gas company PetroChina (0857) has completed the first international crude oil trade using the country's central bank digital currency (CBDC), the e-CNY, China Daily reported on Saturday.
PetroChina bought 1 million barrels of crude oil settled in e-CNY, or digital yuan, at the Shanghai Petroleum and Natural Gas Exchange (SHPGX) on Oct. 18, according to the report by the Chinese Communist Party-owned newspaper.
China's government may wish to use the e-CNY as a tool for expanding the international use of its currency, also known as the renminbi, so using it to settle purchases of major global commodities like crude oil would be one way to underpin this expansion.
While almost all the world's major economies are at least looking at developing a CBDC, China's is comfortably among the most advanced. Transactions using the currency hit 1.8 trillion yuan ($250 billion) as of the end of June, with e-CNY accounting for 0.16% of the cash in circulation.
THINGS TO PONDER:
This may feel like a minor thing at first glance, but trust us… it’s not.
Two problems:
First, BRICS is beginning to make moves to marginalize US dollar dominance around the world, and they are willing to take some pain to do it. At the same time that this transaction was going on, China was also dumping its US Treasuries.
Second, China is normalizing the use of a Central Bank Digital Currency (#CBDC) which is REALLY BAD for your economic freedom.
One more thing: If you’re thinking that “the dollar is dominant!” just remember that dominance continues to fall… it’s now at around 56% and going down…
What happens when it gets below 50%?
Brace For Impact.
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“With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term.
Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk.
Among those hand-wringing is GM's Mary Barra, historically one of the automotive industry's most bullish CEOs on the future of electric vehicles. GM has been an early-mover in the electric car market, selling the Chevrolet Bolt for seven years and making bold claims about a fully electric future for the company long before its competitors got on board.
But this week on GM's third-quarter earnings call, Barra and GM struck a more sober tone. The company announced with its quarterly results that it's abandoning its targets to build 100,000 EVs in the second half of this year and another 400,000 by the first six months of 2024. GM doesn't know when it will hit those targets.
"As we get further into the transformation to EV, it's a bit bumpy," she said.
Even Tesla's Elon Musk warned on a recent earnings call that economic concerns would lead to waning vehicle demand, even for the long-time EV market leader.
Meanwhile, Mercedes-Benz — which is having to discount its EVs by several thousand dollars just to get them in customers' hands — isn't mincing words about the state of the EV market.
‘This is a pretty brutal space,’ CFO Harald Wilhelm said on an analyst call. ‘I can hardly imagine the current status quo is fully sustainable for everybody.’"
THINGS TO PONDER:
You kind of knew this was coming, right?
“Environmentally Friendly” cars that take a ton of natural resources (fossil fuels) to build, are overpriced, have little to no resale use (expensive batteries,) and are actually bad for the environment ain’t the greatest investment…
But when your handlers tell you what to do, you act like a good little slave…
Until of course, you have to explain to all of the other shareholders why you’ve screwed them over.
Then you get articles like this one.
Here’s the question to ask yourself, or whoever told you investing in this stuff was a good idea: What are the people who are telling me to invest in this actually investing in?
Know Your Foe.
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“Robert F. Kennedy Jr.’s poll numbers probably remain inflated, as he transitions from a primary challenge against President Biden to an independent candidacy. Not only do third-party candidates often poll much better than they ultimately perform, but Kennedy’s famous heritage gives him name recognition that few others enjoy.
That said, it’s evident right now that third-party candidates as a whole could be on track for some of their best and potentially most consequential performances in recent presidential election history.
A handful of quality polls conducted since Kennedy changed his affiliation earlier this month show him taking as much as 16 percent of the vote (according to both Fox News and Marist College polls). And when the polls include Kennedy and liberal activist Cornel West, they total as much as 17 percent of the vote — holding both major-party candidates below 40 percent in a Suffolk University poll this week.
Those are some of the best polls we’ve seen for third-party candidates since Ross Perot, the last major one to actually compete in a presidential race, in the 1990s.
In 2000, Green Party candidate Ralph Nader flirted with double digits in some polls before fading late in the campaign.
Kennedy’s and West’s polls right now — West also polled as high as 9 percent in Fox’s survey when Kennedy wasn’t included — hark back to 1996. At this point in that cycle, Perot polled around 15 percent, while a hypothetical poll testing Jesse Jackson put him at 8 percent when he was included without Perot in the race.
(Both had significant name recognition; Perot had run well in 1992, and Jackson had previously run twice for president as a Democrat.)
You have to go back further than that to find third-party candidates polling better than the current crop does at this early juncture. Perot in 1992 sometimes actually polled as the leader, before taking 19 percent in the general election.
THINGS TO PONDER:
The Washington Post is trying REALLY HARD to make you think that this story is a non-story right off the bat:
“Robert F. Kennedy Jr.’s poll numbers probably remain inflated, as he transitions from a primary challenge against President Biden to an independent candidacy. Not only do third-party candidates often poll much better than they ultimately perform, but Kennedy’s famous heritage gives him name recognition that few others enjoy.”
Don’t let that smooth taste fool you…
We’re probably closer to a legitimate third-party candidate not only making waves but having a shot at winning… because people are fed up with their interests not being taken seriously by the people that they select to represent them.
One other thing…
In 1992, if Perot had stayed in the race, after polling at 39%, he would have won the 1992 election… let that sink in, and then see if a third-party candidate making a legitimate run now and in the near future.
Brace For Impact.
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