Steve Bull's Blog, page 184
October 4, 2022
In Nord Stream attack, US sees ‘a tremendous opportunity’
Without the now-exploded Nord Stream gas pipelines, Europeans fear “a winter of de-industrialization.” As US planners have long sought, the White House sees a “tremendous strategic opportunity.”

The Baltic Sea bombing of the two Nord Stream gas pipelines “threatens to greatly expand the military theater” in Europe (Wall Street Journal), adding “yet another diffuse threat to a growing array of worries, from power blackouts all the way to nuclear war.” (New York Times).
In halls of power on the other side of the Atlantic, the outlook is much rosier.
The idling of Nord Stream, Secretary of State Antony Blinken declared in Washington, is “a tremendous opportunity.” So tremendous, in fact, that Blinken repeated it twice. With both Nord Stream 1 and 2 unable to ship Russian energy directly to Germany for the long-term, Europe has “a tremendous opportunity to once and for all remove the dependence on Russian energy, and thus to take away from Vladimir Putin the weaponization of energy as a means of advancing his imperial designs,” Blinken said. That “offers tremendous strategic opportunity for the years to come.”
As Europe enters winter in the weeks to come, now lacking its traditional Russian source of cheap natural gas, ordinary civilians might not appreciate the tremendous strategic opportunity that their predicament offers Washington bureaucrats. Western sanctions on Russia have already led to job losses, skyrocketing bills, and fears of energy rationing amid forecasts of exceptionally cold temperatures ahead. Just before the Nord Stream blasts, the head of German’s steel federation warned that without Russian energy, “a winter of de-industrialization threatens us in Germany.”
…click on the above link to read the rest of the article…
Top Scientists: We Face “A Ghastly Future”
Editor’s note: According to the scientists who wrote the following paper, “future environmental conditions will be far more dangerous than currently believed. The scale of the threats to the biosphere and all its lifeforms—including humanity—is in fact so great that it is difficult to grasp for even well-informed experts.”
We agree, and have been working to both inform people about these issues and to resist the destruction of the planet since our organization formed over a decade ago. “Any else [other than telling the truth about our ecological crisis] is misleading at best,” the scientists write, “or negligent and potentially lethal for the human enterprise [and, we must add, much of life on this planet] at worst.”
Modern civilization is a society of the spectacle in which media corporations focus more on who won the football game or how the queen is buried than about the breakdown of planetary ecology. This scientific report is essential reading and should be a headline news story worldwide. However, this information is inherently subversive, and therefore is either ignored or framed in such a way as to support the goals of the wealthy.
For years, our co-founder Derrick Jensen has asked his audiences, “Do you think this culture will undergo a voluntary transformation to a sane and sustainable way of life?” No one ever says yes. This is why Deep Green Resistance exists.
Deep Green Resistance starts where the environmental movement leaves off: industrial civilization is incompatible with life. Technology can’t fix it, and shopping—no matter how green—won’t stop it. To save this planet, we need a serious resistance movement that can bring down the industrial economy. Deep Green Resistance is a plan of action for anyone determined to fight for this planet—and win.
Underestimating the Challenges of Avoiding a Ghastly FutureWe report three major and confronting environmental issues that have received little attention and require urgent action. First, we review the evidence that future environmental conditions will be far more dangerous than currently believed. The scale of the threats to the biosphere and all its lifeforms—including humanity—is in fact so great that it is difficult to grasp for even well-informed experts. Second, we ask what political or economic system, or leadership, is prepared to handle the predicted disasters, or even capable of such action. Third, this dire situation places an extraordinary responsibility on scientists to speak out candidly and accurately when engaging with government, business, and the public. We especially draw attention to the lack of appreciation of the enormous challenges to creating a sustainable future. The added stresses to human health, wealth, and well-being will perversely diminish our political capacity to mitigate the erosion of ecosystem services on which society depends. The science underlying these issues is strong, but awareness is weak. Without fully appreciating and broadcasting the scale of the problems and the enormity of the solutions required, society will fail to achieve even modest sustainability goals.…click on the above link to read the rest of the article…
Former Pentagon Advisor Says US Likely Attacked Nord Stream Pipelines to Isolate Germany
“You have to look at who are the state actors that have the capability to do this.”

Anadolu Agency via Getty Images
A former Pentagon advisor says the most likely culprits behind the Nord Stream pipeline blasts are the United States and Britain, and that the attack was carried out to prevent Germany from bailing on the war in Ukraine.
Retired US Army colonel Douglas Macgregor made the comments during an appearance on the Judging Freedom podcast.
Macgregor said a process of elimination rules out Germany, because they are dependent on Nord Stream for their energy security, while it also served no benefit for Russia to have sabotaged its own infrastructure.
“Would the Russians destroy their own pipeline? 40 percent of Russian gross national product or gross domestic product consists of foreign currency that comes into the country to purchase natural gas, oil, coal and so forth. So the Russians did not do this. The notion that they did I think is absurd,” Macgregor said.
Referring to Polish MEP Radoslaw Sikorski’s infamous deleted tweet in which he wrote, “Thank you, USA,” Macgregor noted, “Who else might be involved? Well the Poles apparently seem to be very enthusiastic about it.”
However, citing reports that more than 500 kg of TNT had been detected in both explosions, the former Pentagon advisor suggested only the United States and British Royal Navy had the capability to pull off the attack.
“Then you have to look at who are the state actors that have the capability to do this. And that means the Royal Navy, the United States Navy Special Operations,” said Macgregor.
…click on the above link to read the rest of the article…
The Alarm Bells of Civilizational Collapse Are Ringing — But Are We Listening?

Right about now, you’re probably feeling overwhelmed. With all the chaos out there. This is the Age of Too Much Chaos. Every day brings a new catastrophe, it seems, and with it, an ever-mounting sense of dread, urgency, anger, and helplessness — the weird, upsetting feelings of now. End Times Vibes.
How to make sense of all this? I bet you’re struggling, and that’s OK, because me and a friend are here to help.
My friend? He just gave the most important speech of the 21st century, containing the most crucial idea of the 21st century — only nobody was listening.
I know, I know. You doubt me. Don’t worry, by the end of this, I guarantee — you won’t. Instead, your mind will be blown.
Here’s what he has to say.
We have a duty to act. And yet we are gridlocked in colossal global dysfunction.
The international community is not ready or willing to tackle the big dramatic challenges of our age. These crises threaten the very future of humanity and the fate of our planet.
Got that? Let’s keep going.
Let’s have no illusions. We are in rough seas. A winter of global discontent is on the horizon. A cost-of-living crisis is raging. Trust is crumbling. Inequalities are exploding. Our planet is burning. People are hurting — with the most vulnerable suffering the most.
Hey, he sounds like a lot like…you, Umair, I bet you’re thinking. So who is my friend? Well, he’s not really my friend. He’s the Secretary General of the United Nations, Antonio Guterres. Those are his opening remarks to the General Assembly, this year. Lol, and you think you have bad mornings.
…click on the above link to read the rest of the article…
‘Rationality is Not Permitted’: Chomsky on Russia, Ukraine and the Price of Media Censorship

One of the reasons that Russian media has been completely blocked in the West, along with the unprecedented control and censorship over the Ukraine war narrative, is the fact that western governments simply do not want their public to know that the world is vastly changing.
Ignorance might be bliss, arguably in some situations, but not in this case. Here, ignorance can be catastrophic as western audiences are denied access to information about a critical situation that is affecting them in profound ways and will most certainly impact the world’s geopolitics for generations to come.
The growing inflation, an imminent global recession, a festering refugee crisis, a deepening food shortage crisis and much more are the kinds of challenges that require open and transparent discussions regarding the situation in Ukraine, the NATO-Russia rivalry and the responsibility of the West in the ongoing war.
To discuss these issues, along with the missing context of the Russia-Ukraine war, we spoke with Professor Noam Chomsky, believed to be the greatest living intellectual of our time.
Chomsky told us that it “should be clear that the (Russian) invasion of Ukraine has no (moral) justification.” He compared it to the US invasion of Iraq, seeing it as an example of “supreme international crime.” With this moral question settled, Chomsky believes that the main ‘background’ of this war, a factor that is missing in mainstream media coverage, is “NATO expansion”.
“This is not just my opinion,” said Chomsky, “it is the opinion of every high-level US official in the diplomatic services who has any familiarity with Russia and Eastern Europe…
…click on the above link to read the rest of the article…
October 3, 2022
Massive Central Bank Ponzi Creates Permanent Distortion – Nomi Prins
Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen. Prins explains, “The Fed and other central banks have created basically this idea, and put it into practice, whenever there is real crisis, however they deem it, they are going to print money, and a lot of money. . . and pushing this envelope forward on the back of a very artificial fabrication of money. That is the Ponzi scheme here. The Ponzi scheme is actually the money that is sloshing around and is somehow owed more to reality. That it is owed to actual profits, actual production, actual growth in the economy, which it isn’t. . . . Look at the way money gets printed . . . as we saw and everybody woke up from the pandemic. Look at all the closures in the economy, and the economy still has not gotten back to where it was. It is still not stable. People are still facing economic angst, but the Fed created four and a half trillion dollars of money basically overnight. That’s a Ponzi scheme. That is something that is going to keep going whenever there is a crisis, and that is going to paper over the fact we are not actually healthy. . . . That’s the definition of a Ponzi scheme when you always have new money coming in, and in this case, it’s new money being created by the central banks. It will replace any cracks, any faults, any problems that are emerging along the way. . . The Fed doubled its balance sheet and did not double the economy. . . . That’s a Ponzi.”
…click on the above link to read the rest of the article…
Who profits from Pipeline Terror?

A sophisticated military operation – that required exhaustive planning, possibly involving several actors – blew up four separate sections of the Nord Stream (NS) and Nord Stream 2 (NS2) gas pipelines this week in the shallow waters of the Danish straits, in the Baltic Sea, near the island of Bornholm.
Swedish seismologists estimated that the power of the explosions may have reached the equivalent of up to 700 kg of TNT. Both NS and NS2, near the strong currents around Borholm, are placed at the bottom of the sea at a depth of 60 meters.
The pipes are built with steel reinforced concrete, able to withstand impact from aircraft carrier anchors, and are basically indestructible without serious explosive charges. The operation – causing two leaks near Sweden and two near Denmark – would have to be carried out by modified underwater drones.
Every crime implies motive. The Russian government wanted – at least up to the sabotage – to sell oil and natural gas to the EU. The notion that Russian intel would destroy Gazprom pipelines is beyond ludicrous. All they had to do was to turn off the valves. NS2 was not even operational, based on a political decision from Berlin. The gas flow in NS was hampered by western sanctions. Moreover, such an act would imply Moscow losing key strategic leverage over the EU.
Diplomatic sources confirm that Berlin and Moscow were involved in a secret negotiation to solve both the NS and NS2 issues. So they had to be stopped – no holds barred. Geopolitically, the entity that had the motive to halt a deal holds anathema a possible alliance in the horizon between Germany, Russia, and China.
…click on the above link to read the rest of the article…
October 2, 2022
The War Has Just Begun
The Winter of Yuri

I have been attempting for several days to collect my thoughts on the Russo-Ukrainian War and condense them into another analysis piece, but my efforts were consistently frustrated by the war’s stubborn refusal to sit still. After a slow, attritional grind for much of the summer, events have begun to accelerate, calling to mind a famous quip from Vladimir Lenin: “There are decades where nothing happens; and there are weeks where decades happen.”
This has been one of those weeks. It began with the commencement of referenda in four former Ukrainian oblasts to determine whether or not to join the Russian Federation, accompanied by Putin’s announcement that reservists would be called up to augment the force deployment in Ukraine. Further excitement bubbled up from the Baltic seabed with the mysterious destruction of the Nordstream pipelines. Nuclear rumors circulate, and all the while the war on the ground continues.
In all, it is clear that we are currently in the transitional period towards a new phase of the war, with higher Russian force deployment, expanded rules of engagement, and greater intensity looming. Season 2 of the Special Military Operation looms, and with it the Winter of Yuri:
The Big Serge Pledge Special Military Operation, Season 2: The Winter of YuriLet’s try to process all the developments of the past few weeks and get a handle on the trajectory in Ukraine.
Annexation
The keystone event at the heart of recent escalation was the announcement of referenda in four regions (Donetsk, Lugansk, Zaporizhia, and Kherson) to determine the question of entry into the Russian Federation…
…click on the above link to read the rest of the article…
October 1, 2022
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria
Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy’s largest oil company, on Saturday, reported Bloomberg.
“Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian gas supplies to Eni through the Tarvisio entry point will be at zero. Eni will provide updates in case supplies will be restored,” Eni wrote in a statement on its website.
An Eni spokesperson told Bloomberg that Austria is still receiving NatGas from Gazprom:
“We are working to check with Gazprom whether it is possible to reactivate the flows to Italy.”
Gazprom said NatGas flows from Austria to Italy were suspended because the Austrian operator refused to confirm “transport nominations” after recent regulatory changes in the landlocked country in the southern part of Central Europe.
It’s important to note most of the Russian NatGas delivered to Italy flows through Ukraine via the Trans Austria Gas Pipeline to Tarvisio in northern Italy on the border with Austria. Before Russia invaded Ukraine, Italy imported 95% of its NatGas, of which 45% came from Russia.
Those figures are drastically different today as Italy rejiggers its energy supply chain away from Russia and finds alternative supplies of NatGas from North Africa. Before this weekend, Russian NatGas accounted for only 10% of Italy’s imports. The new suppliers will help Italy boost storage levels ahead of winter.
“Outgoing Prime Minister Mario Draghi has been scouring the globe to secure gas supplies to protect Italy from potential supply interruptions from Russia, which has been putting pressure on the European Union over several rounds of sanctions in response to the invasion. Italy has been one of the most successful countries to source alternative supplies,” Bloomberg noted.
…click on the above link to read the rest of the article…
Faced With ‘Acts Of Sabotage’, EU Countries Rush To Secure Energy Assets
Multiple explosions under the Baltic Sea and the rupture of the Nord Stream pipeline system from Russia to Germany appear to be “sabotage,” NATO and EU officials said this week. A fourth leak was confirmed Thursday on the pipelines as EU countries are in overdrive to secure energy infrastructure that could be future targets.
“The main message sent by this act, described as ‘sabotage,’ is the vulnerability of all this equipment,” Phuc-Vinh Nguyen, an energy researcher at the Institut Jacques-Delors Paris think tank, told the French newspaper Le Monde.
Nguyen warned, “if such ‘accidents’ happened on a natural gas pipeline between Norway and Europe or Algeria and Europe, for example, it would be really problematic.”
Across the EU, warning after NS1 and NS2 were taken out by “highly effective explosive devices” has forced several countries to beef up the security of critical energy infrastructure this week.
We first reported Norway, now Europe’s top NatGas supplier (displacing Russia), increased security at infrastructure sites, land terminals, and platforms on the Norwegian continental shelf. The country’s Petroleum Safety Authority warned that there had been reports of mysterious drones buzzing offshore platforms.
Drones have also been spotted at France’s TotalEnergies offshore rigs in the Danish North Sea, igniting concerns that someone or even possibly a nation-state is trying to spark havoc for the European energy industry, according to Bloomberg.
The mysterious drone was spotted Wednesday near its Halfdan B oil and gas field, TotalEnergies said, adding it has increased “vigilance around security for all of our offshore assets and onshore locations.”
“I just hope that there is no idea behind it to extend the war beyond the border of Ukraine to the North Sea,” Total CEO Patrick Pouyanne told Bloomberg in an interview.
…click on the above link to read the rest of the article…