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Video: Biden Energy Secretary Tells Americans To Stop Complaining Because BRAZILIANS Have To Pay Same Amount For Gas

Shut up and buy an electric car, says former electric car company director and electric car stock millionaire

Published

10 months ago

on

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Another day, another example of Biden officials telling Americans to stop complaining about the spiralling costs of energy because other countries are worse off.

This time Secretary of Energy Jennifer Granholm appeared on CNN and told Americans that they should not be so worried about national average gas prices being over $5 because “If you were in Brazil, you’d be paying the same amount for gas.”

She went on to try to list other countries like Canada and Germany where gas is even more expensive.

Huh?

Even the CNN drone John Berman had an issue with that comment, noting “We’re talking about the United States, though.”

Watch:

It’s the same talking point over and over again because Biden’s gaggle of ghouls has no solution to the crisis, in fact they admit it’s part of a deliberate ‘transition’.

And don’t forget, inflation is out of control because of nationalism.

Earlier this week, Granholm lauded electric vehicles, another often touted ‘solution’.

Hey, just buy an electric car, they’re only 55 grand.

Granholm also happens to previously have been the director of an electric car company called Proterra. In May, she exercised stock options in the company, pocketing about $1.6 million from the transaction, according to an energy department spokesperson.

Just a coincidence.

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    Economy

    Video: Amid Banking Collapse, White House Says “We See A Strong Economy”

    Strange choice of words

    Published

    1 week ago

    on

    23 March, 2023

    Steve Watson

    Screenshot

    As inflation continues to skyrocket and amid huge banking collapses, the White House press secretary declared Wednesday that the Biden administration “sees a strong economy.”

    CBC’s Caitlin Huey-Burns asked Karine Jean-Pierre about Joe Biden’s support for Federal Reserve Chairman Jerome Powell and what the Fed is doing to attempt to reduce inflation. 

    “We understand what the American people are feeling, that is why we have made it a priority to do everything that we can to lower costs for Americans,” Jean-Pierre responded.

    Then came the kicker.

    “We do not see a recession or pre-recession. We see a strong economy and it’s because of the work that this president has done,” Jean-Pierre declared.

    You don’t see it or there isn’t a recession?

    Strange choice of words.

    Keep saying it and it might become reality:

    When asked if there will be an economic downturn owing to two giant bank collapses, KJP had no answer, other than to quote the Fed chairman saying the economy is sound:

    Powell claims that rampant money printing isn’t driving inflation:

    Treasury Secretary Janet Yellen claims that just growing debt forever is sustainable:

    Are they wilfully ignorant or just flat out lying?

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    Economy

    Elon Musk Responds To Biden’s “Pay Your Fair Share” Tax Tweet

    “I paid more income tax than anyone ever in the history of Earth”

    Published

    1 week ago

    on

    20 March, 2023

    Steve Watson

    Hannibal Hanschke-Pool/Getty Images

    The world’s richest man Elon Musk has responded to a tweet sent out by Joe Biden calling for higher taxes for billionaires, noting that he’s paid more tax than any human ever in the history of the planet.

    Biden sent out the following tweet calling on rich people to “pay your fair share,” along with a claim that the average tax billionaires pay is three percent.

    Musk responded, noting that he paid a whopping 53 percent tax on Tesla stock options at both the state and federal level, and that he paid more taxes than any person on Earth in 2021 ($11 billion) and will do so again for the 2022 fiscal year.

    Musk also called for a fact check on Biden’s three percent claim.

    Musk’s call led to the following correction from the Tax Foundation being added to Biden’s tweet, showing how Biden is either just flat wrong or lying:

    Others chimed in on Musk’s comments:

    While others had some choice responses for Biden:

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    Economy

    SVB’s London Bankers Received Up To $36 Million In Bonuses Days After BoE-Orchestrated Bailout

    Published

    2 weeks ago

    on

    19 March, 2023

    Zero Hedge

    David L. Ryan/The Boston Globe via Getty Images

    Bankers at the London branch of Silicon Valley Bank reportedly received tens of millions of dollars in bonuses just days after the Bank of England orchestrated a rescue package that led to Europe’s largest lender, HSBC, buying the failed bank’s subsidary for just £1, Sky News reports.

    Sources described the bonus pool as “modest”, and said it totalled between £15m and £20m.

    It was unclear on Saturday how much had been awarded to Erin Platts, the UK bank’s chief executive or her senior colleagues.

    One insider said the bonus payments were a signal of HSBC’s confidence in the talent base at its new subsidiary and that the buyer had been keen to honour previously agreed payments in order to help retain key staff. –Sky

    Israeli Banks Transferred $1 Billion Out of SVB Before Collapse

    What’s more, bonuses were reportedly doled out to US staff just hours before the Santa Clara, California-based bank collapsed. The bank was taken into FDIC ownership, while SVB Financial Group has filed for Chapter 11 bankruptcy protection as it looks to find buyers for their remaining assets.

    The UK arm of (formerly) SVB employs around 700 people. The London branch’s ‘guided demolition’ was coordinated with UK Prime Minister Rishi Sunak, who played a pivotal role in an emergency auction that drew interest from several challenger banks, including the Bank of London and Oaknorth.

    According to insiders, if HSBC hadn’t stepped up, the bonuses wouldn’t have been paid, while another insider pointed out that stock held by senior executives and other employees had been rendered worthless amid the implosion.

    “The UK’s tech sector is genuinely world-leading and of huge importance to the British economy, supporting hundreds of thousands of jobs,” said chancellor Jeremy Hunt. “We have worked urgently to deliver on that promise and find a solution that will provide SVB UK’s customers with confidence.”

    “[This] ensures customer deposits are protected and can bank as normal, with no taxpayer support.”

    The government had been lobbied intensively last weekend by hundreds of tech entrepreneurs about the parlous state of SVB UK.

    They warned of “an existential threat to the UK tech sector”, adding: “The Bank of England’s assessment that SVB going into administration would have limited impact on the UK economy displays a dangerous lack of understanding of the sector and the role it plays in the wider economy, both today and in the future.”

    The founders warned Mr Hunt that the collapse of SVB UK would “cripple the sector and set the ecosystem back 20 years”. -Sky

    “Many businesses will be sent into involuntary liquidation overnight,” were SVB UK not rescued, wrote the entrepreneurs.

    This post was originally published at Zero Hedge

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