Let Them Eat Bugs!
Buzz terms are being tossed around at the COP26 United Nations Climate Summit, such as “transformative energy,” “climate crisis,” and, if you are teenage activist Greta Thunberg, “blah blah blah.” Global leaders may have been muttering something else under their breath as they took a bite out of their braised venison casserole in the beautiful city of Glasgow: “Let them eat bugs!”
As officials took a break from plotting their confiscatory financial schemes to reverse climate change, they took their seats and enjoyed quite the feast. The world’s biggest climate change conference provided a 60% meat or dairy menu that possessed a high carbon footprint and contributed to global warming. According to the menu from catering company Levy, here is what was being served to the elite: haggis, burgers, beef ramen, fish, and venison. In addition, the carbon footprint of each item was listed. “According to the WWF, we need to get [the carbon footprint of food] down below 0.5 kg CO2e [per meal] to reach the goals defined in the Paris Agreement,” a statement on the online menu noted. “By including climate labels on our menus, we aim to make it easier to achieve this goal – together.”
Based on the COP26’s rating system, the Scottish Beef Burger had a carbon footprint of 3.3kg, while the Haggis, Neeps, and Tatties utilized 3.4kg of carbon to produce. To put this into perspective, the average meal in the United Kingdom is 1.7kg, The Big Issue noted.
Not only does this serve up a plate of hypocrisy, but it also contradicts the globalists’ latest venture of hitting the great reset button of your diet by incorporating worms, beetles, and insects. As Liberty Nation reported in Dec. 2020:
“From roasted beetles to cockroach milk to grasshopper snacks, the ruling class is promoting sustainable diets that would eventually substitute your cow and chicken intake. The elites have fired the first shots in their war on your dinner plate, using Mother Nature as a scapegoat.”
Bugs for thee, meat for them.
Federal Reserve Does the Taper
What a week for the Federal Reserve System. The U.S. central bank completed its two-day Federal Open Market Committee (FOMC) policy meeting for November by leaving interest rates unchanged near zero and confirming its trimming of the pandemic-era $120-billion-a-month quantitative easing (QE) program. The Eccles Building highlighted its confidence in the post-COVID economic recovery by tapering its ultra-aggressive stimulus and relief efforts, starting with $15 billion a month. The objective is to wind down the monetary expansion campaign by June 2022.
While the financial markets widely expected this move, Fed Chair Jerome Powell surprised market analysts by insisting that inflation was “transitory.” Despite conceding that inflation will remain hot and linger well into next year, the institution contends that this will eventually subside.
“Inflation is elevated, largely reflecting factors that are expected to be transitory,” officials said in the statement. “Supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”
That said, Powell acknowledged that if inflation persists, “we will not hesitate” to pull the trigger on rate hikes. Surveys suggest that many economists believe the Fed will begin rate normalization next summer rather than the official line of late 2023. Goldman Sachs, for example, is penciling in the first rate hike in July. The CME FedWatch Tool forecasts interest rate action in June 2022. The dot-plot, which is the Fed governors’ views of when rate increases will transpire, will be released in December.
Meanwhile, President Joe Biden reportedly met with Powell and Fed Governor Lael Brainard this week as the nomination for the world’s most powerful position looms. Powell’s term ends in February, and polls of economists show these two names are the top contenders, with Atlanta Fed Bank President Raphael Bostic a distant third.
The Bitcoin Bros
Cryptocurrency has entered the political arena. New York City’s new Mayor-elect Eric Adams and Miami Mayor Francis Suarez revealed they want to collect their paychecks in Bitcoin. Suarez proclaimed that he would accept his next salary “100%” in Bitcoin, and Adams pledged to take his first three paychecks in the premier crypto because he wants New York City to become a “center of the cryptocurrency industry and other fast-growing, innovative industries.” Tampa Mayor Jane Castor also recently declared that she would take her salary in Bitcoin.
While it is unclear whether these jurisdictions will pay salaries in the peer-to-peer decentralized digital currency, the mayors could establish a new trend in American politics. Will crypto enthusiasts live to see the day when a U.S. president gets paid in Bitcoin, Ethereum, or Dogecoin?
~ Read more from Andrew Moran.