April 13, 2023 - The Truth Central - Dr. Jerome Corsi
36:27
The UN Seeks New Global Powers; Biden Doubles Down on EV Mandates
The United Nations says it wants its members to give the organization an array of "Emergency Powers" to wield during what they deem as a crisis such as pandemics or economic situations. This would force member countries to abdicate power and sovereignty to the UN during such times.While the European Union is backing off a bit on Electric Vehicle mandates as evidence of their inefficiency and economic concerns continue to mount, the Biden Administration is doubling down on them, planning to force manufacturers to produce 2/3 of their output as EVsDr. Jerome Corsi breaks it all down - and new updates on the Russia-Ukraine War - during today's The Truth CentralVisitDr. Corsi's The Truth Central website: https://www.TheTruthCentral.comMyVitalC: https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.
This is Ron Corsi, and today is Thursday, April 13, 2023.
I'm here with my producer Chris.
It's good to have everyone joining us again.
We're very happy to be back with TheTruthCentral.com.
We'll be doing a podcast every weekday and we've got a lot to cover today.
I want to get right into it.
First story is a continuing story.
There's more out today on this.
The Biden administration with the Environmental Protection Agency going to mandate That by 2030, two-thirds of all new vehicles produced will be electric vehicles.
Now, there's actually, today in the Wall Street Journal, it really kind of surprised me, the editorial board has an editorial.
And what they're saying is, somebody read a little bit of it.
This is the Wall Street Journal reacting.
It says, the U.S.
auto industry is nominally still privately owned.
But it is slowly becoming a de facto state-directed utility.
That's the meaning of the Environmental Protection Agency's proposed new Vehicle Emission Standards Wednesday that will force-feed the production of electrical vehicles whether or not consumers want them.
That's very powerful language from the Wall Street Journal.
Very strictly saying that the government is taking over private industry by regulators who are not elected.
And regulators who are not elected can say what we're going to do is have electric cars.
How do they mandate it?
They can't just wave a magic wand, but the EPA, which is empowered to regulate the environment, can say what we need to do is we need to have tighter emission standards.
And so with the emission standards, they can basically create the emission standards.
So only electric vehicles meet those standards or primarily electric vehicles are what meet the standards.
So that the Wall Street Journal continues, says the EPA is using its authority under the Clean Air Act to regulate tailpipe pollutants.
Make no mistake about this, this isn't about clean air.
It's about forcing automakers to produce more electric vehicles than consumers, and that consumers will have no choice but to buy, since there will be fewer gas-powered vehicles left.
It's a government mandate to change an industry.
Which the auto industry is not prepared to do, and consumers don't want.
So far, they haven't topped about 6 or 7% of all vehicles sold are electric vehicles.
So essentially, this mandate is very aggressive, more aggressive than Biden's, more aggressive than Obama by far, but more aggressive than Biden's August 2021 executive order, which said that by 2030, 50% of all vehicle sales in the country would be electric vehicles.
This is now 67%.
And with the cost of electric vehicles, You're going to have to probably have an income of about $80,000 in order to get a loan to buy one of these things.
And the problem is that's going to exclude a large percentage of the United States population from being able to buy a vehicle.
Now, what the Wall Street Journal is pointing out is that automakers, including Ford, have recently announced massive layoffs.
Given the rising electric vehicle costs, they're shifting investment to electric vehicle from internal combustion engines, meaning fewer gas powered cars for sale at higher prices.
But the auto industry is right now going through a very tough time.
The economy is slowing down.
Gas powered cars are subsidizing electric vehicles, which aren't profitable to the car makers, even though they cost 10 to 40% more than alternatives.
But the EPA says its rules are feasible because of the Inflation Reduction Act guidelines.
The Inflation Reduction Act really was not about so much reducing inflation as it was forcing a green agenda on America.
A recent Goldman Sachs report indicates electric vehicle consumer and battery production tax credits alone will cost taxpayers over $523 billion over 10 years.
But even with the IRA, that's the Inflation Reduction Act, the IRA subsidies, the Energy Information Administration last month forecast electric vehicles will make up only 15% of sales in 2030 and 19% by 2050.
While electric vehicles are becoming more popular in the luxury class, they remain less competitive against gas-powered cars and light trucks serving the mass market.
And there's a lot of reasons why this is so.
I mean, the rapid chargers still take 20 to 30 minutes.
Most people don't want to spend that kind of time driving children to school or baseball games.
64% of the U.S.
market, the electric vehicles appeal mainly to the affluent who live in urban areas and don't travel long distances.
So Tesla accounted for 64% of the U.S.
electric vehicle market last year.
Traditional car makers can make more EVs to meet the EPA standards, but if consumers don't buy them, the companies will have to buy compliance credits from Tesla or other EV makers.
Okay, so basically this is a giant regulatory scheme which is Aimed at forcing the car industry and forcing consumers to buy these expensive electric vehicles, which again are problematic.
They're very heavy.
They take a long time to charge.
The batteries, when they become obsolete, cost $15,000, $20,000 or more to replace.
They still require a lot of hydrocarbon fuels in order to produce the electricity.
That is generating the electricity for the batteries.
Basically, solar and wind are not very effective, and neither are storing electric energy in a battery.
With combustion engines, you're taking hydrocarbon fuels and you're exploding them.
The energy value of that, measured in the way physicists measure energy, joules, which is a measure of energy, The hydrocarbon fuels have a much higher energy coefficient than do stored electricity because the storage uses up energy to store.
And it's expensive to produce and to obtain the rare earth minerals that are required in order to produce the batteries.
Now, I want to go to the next story that I have today on TheTruthCentral.com, and it's that while the United States is ramping this up, Europe Facing the gas shortages, the natural gas shortages from Russia, Europe, the EU had sanctions against Russia for the Ukraine war, and in retaliation, Russia said, well, we're not going to supply Europe with any natural gas, and the world's going to buy natural gas in rubles, which has improved Russia's gold position.
You have to buy gold to get the rubles.
Use gold to get them.
That's why, I mean, central banks are buying gold like crazy.
We cover this extensively, but what's going on in Europe is that the Europeans are realizing that this net zero carbon dioxide energy future is just not going to be accomplished by 2035.
So what the Europeans are doing, these Eurocrats, In Brussels, this is again a Wall Street Journal article.
Wall Street Journal is being very, very critical about the decision of the Biden administration to force people to buy electric vehicles, force car makers to make them.
The Wall Street Journal, again, this is another opinion article.
It's another article that was written by the editorial board.
We've got two editorial board articles in the Wall Street Journal today saying basically, is California and the other progressive states, Oregon, et cetera, Are they now going to recognize reality?
And the reality is what even the Eurocrats, by the time they call them Eurocrats, you can tell the Wall Street Journal is getting sick of these bureaucrats making decisions that are fundamentally economic decisions, that are not market-driven economic decisions, but a bureaucrat who's never made an automobile Probably making over $80,000 a year in Washington, D.C., and is ideologically committed to electric vehicles because they think they're saving the planet, which is, as I pointed out many, many times, I wrote the book, The Truth About Energy, Global Warming, and Climate Change.
It's a ridiculous argument.
It's an ideologically driven argument.
It's not truth-based.
So what the Wall Street Journal is saying is that the Eurocrats No, they can't reach net zero carbon dioxide emissions by 2050.
So they're getting their regulators to understand that the battery technologies don't exist to replace fossil fuels in distance driving or in the ease of refueling.
And no one can say if or when the batteries will materialize.
Electric vehicles need subsidies for consumers and for production across supply chains to be profitable.
And that's going to cost taxpayers billions of dollars.
This is not an economically driven idea.
It's infeasible economically.
Electric vehicles were the very first cars made.
They were abandoned in the 1800s, 1900s, early 1900s because internal combustion engines work better.
The energy is more effective.
Hydrocarbon fuels are abundant.
We didn't run out of them.
They are abiotic.
They are not dinosaur soup.
No dinosaur ever made a barrel of oil.
That's, again, another major one of my themes in The Truth About Energy, Global Warming, and Climate Change.
Now, when you understand that in Europe, and also, by the way, Wall Street Journal is pointing out the electric vehicles require rare earth minerals.
They're often sourced from dirty mines in China.
This is a hard-written article from the Wall Street Journal.
The Wall Street Journal is, you can tell, they're angry that the Biden administration is going to forget about capitalism, forget about market-driven policies, and dictate from regulators that we're going to have electric vehicles even if they don't work.
So, they're saying basically, the rare earth minerals from dirty mines in China, they're only as green and affordable as the electricity used to charge them.
That's the fundamental point.
The Wall Street Journal is saying that outright.
In Europe that means coal-fired power for which consumers pay a huge price owing to the cost of forcing intermittent renewables such as wind and solar into the grid.
The Wall Street Journal is finally realizing and pointing out, maybe this was the straw that broke the camel's back, that finally when the regulators of the EPA are trying to shove electric vehicles down everybody's throat, Consumers don't want them.
The market doesn't want them.
Our automobile producers don't want them.
Finally, the Wall Street Journal is admitting they don't work.
So, I'm going to continue this article.
I think it's very important.
Consumers will be allowed to buy internal combustion autos as long as those cars can run on synthetic fuels.
That's another feature what the regulators are doing, which means that they have to be fuels made from captured carbon, Or renewable energy.
So the fuels have to be made from wind and solar.
Brussels still hopes that these cars will run only on such e-fuels by that deadline.
But the technological feasibility of that is just nowhere in sight.
So I'm going to read another paragraph here.
They say the usual suspects complain this is another earth-destroying crony gift from Berlin to its auto industry.
All the subsidies they're going to have to provide.
But the truth is, it's not an economically viable idea.
And the whole global warming agenda, climate change agenda, as I point out, and you know, this book is, if you'll just read this book, you'll understand the lies being told about how the climate works.
Carbon dioxide is not the knob that turns the thermometer of the earth higher to get it hotter.
We've had much higher levels of carbon dioxide in ice ages, and that's been proven through ice core samples which have been taken.
Around the world, places still have glaciers, and the glaciers are not diminishing.
You know, Al Gore was wrong.
The oceans haven't risen.
We're not facing the catastrophe climate that was predicted.
Yes, we have hurricanes, we have tornadoes, we have floods, but those are part of the Earth's redistribution of heat, which hits the Earth at the equator, and the Earth's weather is designed to move that heat to the upper atmosphere and to the poles.
Without greenhouse gases, we would not have a habitable planet.
Greenhouse gases are an essential part Chris, would you like to comment on this?
What is not an essential part is this ideologically driven economy, which is being forced on us
by a green agenda, which is fundamentally neo-Marxist and anti-capitalist.
Chris, would you like to comment on this?
I think it's a very important story.
I think you said it all, but the idea is the people that are making the salaries you're
saying they're making, the bureaucrats who are in the triple digits and sometimes above
that, or at least somewhere in those mid to high triple digits, are sitting here saying,
Well, we can afford those 80,000, 50,000 Teslas, no problem.
We can have two or three of them in our garages.
Why can't anybody else?
And they'll feel good about themselves by saying, hey, we're saving the planet.
used to be. Some years ago, people would talk about biofuels.
I actually have, I know a couple of people who've, who are quite handy that, that created
those, or transferred their engines over to ethanol. And they go to restaurants and take the French
fry grease and run their car on that.
Yeah, right.
That's not always the best solution either, but I get it if you want to save so much.
There must be other ways to do stuff.
Ethanol is not effective either.
It pollutes.
It's not working.
It doesn't work.
These things just don't work.
Internal combustion engines work.
Hydrocarbon fuels are abundant.
They can be run cleanly.
They're run much more cleanly today than they were in the 1950s when I was a kid.
This is a, oh, by the way, I'm getting emails, thank you, Paul, people saying I look younger, et cetera.
Perfect.
I do attribute a lot of that, by the way, to this, one of our sponsors, and Chris, if you'll just feature, if you can, while I'm talking about this.
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And if you'll just go to the website and click on the various links there, you can get easily to my Vital C. Let's go on to the other stories, Chris, because I really want to cover quite a bit today.
The next story is the UN.
Now the UN, which is one of my least favorite organizations, I don't know about you, Chris, but it's one of my least favorites.
Not a big fan.
I didn't think so.
What they're doing now is they're asking for new vast powers for global emergencies.
Wasn't this wonderful?
So the UN decides, and I'll read a little bit of this, the United States is seeking vast new powers, and again, this is from the Epoch Times, New powers for global governance tools to deal with international emergencies, such as pandemics and economic crises.
Plan to create an emergency platform which would involve a set of protocols activated during crises that could affect billions of people.
That's already drawn strong concern from U.S.
policymakers.
I would hope so.
House Foreign Affairs Chairman Representative Michael McCaul, Texas, is very opposed to this.
If you take a look at the UN Policy Brief, which is another one of these UN documents dated March 2023, it's linked in the Wall Street Journal article.
They've got a very nice graphic here and it starts out just very, you know, The energy platform would not be a standing body or set of protocols, but it was set of protocols that could be activated when needed.
So great.
So, you know, are the Bill Gates's of the world planning another pandemic and the UN preparing to lock down the world again?
I mean, we don't need the United Nations overriding US sovereignty in order to prepare themselves for a power of global power grab on the basis of another crisis.
It's what Rahm Emanuel, who was close to Barack Obama, said, echoing some others going back to Winston Churchill, who understood that you don't let a good crisis go to waste.
That's what politicians have understood.
And they, unfortunately, do present power grabs when you have this kind of a crisis, another pandemic.
We've already set the stage for another power grab.
And I don't like to see the UN and the World Economic Forum and the Bill Gateses.
It's always amazed me how, even the first story we covered about the global warming, which started out as a Malthusian movement.
If you go back to my book, I highlight Harrison Brown, who was a physicists who worked on the Manhattan Project in World War
II to develop the atom bomb.
And after World War II, we started writing a series of books, but there's just too many people.
We're gonna use up all the Earth's resources. Well, we haven't used up all the Earth's resources.
The Earth is abundant.
Our technology advances.
We're able to get today oil at depths in the ocean that we could never have gotten even in the 1940s.
We have techniques which will do hydraulic drilling, can produce shale oil into petroleum products.
We, the United States became a leader in exports when we were predicted to have run out of oil.
That's what the, you know, the people were saying we were going to be running out of oil.
This was the theme that was predominant until very recently, really until Trump came into the White House.
But essentially, these power grabs are anticipatory of crises that somehow or other this global elite anticipates, and the whole idea that the world would be better off without the people.
I mean, so the EPA makes these regulations.
Well, if people can't buy cars, if people can't drive cars, if people are locked down in cities, doesn't the EPA realize that they don't have an economy?
Let's send all the manufacturing jobs to China.
That was a big idea.
It still is today, but it was in vogue through starting in the 90s.
I was fighting it with the Security and Prosperity Partnership in North America, which George Bush wanted to do, creating A trilateral union with Mexico and Canada.
I fought that hard in about 2010, 2000, maybe even before then.
But the point is, we are in a constant, as it was before the 2008, must have been about 2006, I was fighting that battle when George W. Bush was in the office of president.
If we ship all the jobs to China, and we create all these new super highways, and bring cargo ships in, and have containers, and we all have cheap Chinese goods in the stores, if people don't have jobs, who's going to buy the goods?
You know, if we eliminate massive population on the earth, it's going to be less prosperous.
The elite think they and their machines can make this place their paradise for an oligarchy.
The oligarchy forgets it needs a middle class in order to thrive.
And the oligarchy is constantly, from the time of ancient history, wanting to enslave the people.
And that now we've got tools and all the rest and the UN this is just another idea that would have been understood and under the kings of England before the Magna Carta allowed some individual rights.
Individual rights has been the struggle of human beings to establish over overreaching governments and now we've got global governments wanting to eliminate the middle class and wanting to have power.
It's a very frightening time, and I think we've got to understand that these grabs for power and regulators to determine our lives outside of market forces, these are doomed to failure.
All right, now the next story, Russia-Ukraine.
It's widely being reported that we're not going to have any real serious Russia-Ukraine peace talks.
I don't see it in 2023.
Russia is conscripting more troops and now they're going to conscript them electronically.
So it's going to be much harder for people to escape Russia if they are being drafted.
Russia is going to have a huge army.
Russia is now going to be also opposed to Finland coming into the NATO because it's, again, Finland is Russia's access to the Atlantic through the Baltic Sea.
Ukraine is Russia's Atlantic.
Access through the Black Sea and the Mediterranean.
Russia needs access to the Atlantic.
And what I'm seeing and watching, I tend to watch the Italian news quite a lot every day, and Italians are reporting, they do, they actually broadcast about an hour or a few minutes at least every day in Ukrainian.
They show what's going on.
The Russians are advancing in Ukraine and bringing in more troops, bringing in more weapons.
It's a proxy war.
We're supplying weapons, tanks, etc., trying to perpetuate this war.
And Zelensky is just asking for more weapons.
I think it's just the amount of billions of dollars we put into Ukraine, and we have not done accounting on it, Uh, if the house begins to investigate Biden, I'll follow that as it becomes news.
The point is, I think we're going to find increasingly that all of this foreign money that's unaccountably just given to Ukraine is an invitation to steal it.
And Ukraine is one of the most corrupt countries in the world.
And it's one of the countries where, uh, the world class criminals know that they can launder money and steal money.
Now, this last story I want to cover is on inflation, and the inflation index came out yesterday.
Now, if you look very closely at it, of course, it was reported that inflation is going down.
It was only 5.6%.
Now, 5.6% is still way above what was the traditional Federal Reserve target of only 2%, and it was as high as 8.5%.
And the federal government does manipulate these numbers when it wants to.
Right now, what they're trying to convince the Fed to do, Wall Street is, is to say, look, you've done enough tightening.
Don't cause a massive recession.
Start easing on the interest rates in order to get the economy going again, because we're headed towards a massive commercial real estate and residential real estate, home buying, with higher interest rates.
It's already dramatically slowing down.
Now, if you look at the prices as they were reported more in detail, you still have food, especially away from home, is up 8.8%.
That's not taken into account because the 5.6% inflation excludes food.
So they don't want to include that because it would raise the inflation.
Groceries are up 8.4%.
Now, transportation, airlines are up 17% and OPEC has just cut production, so gasoline is going to start going up again.
Now, the picture is one of stagflation.
With all the money, the trillions of dollars that the Biden administration has just printed, this fiat currency is out of control.
And we are now in a situation where the dollar is under substantial attack.
China just concluded, I believe with Brazil, its first deal on selling oil in Yuan instead of dollars.
You want China's currency.
If the United States loses our status as reserve currency, it's going to mean that the dollar is going to get even weaker.
The dollar has lost about 99% of its purchasing power since Richard Nixon took us off the gold standard in 1971.
I don't think people should take these inflation numbers as good news until you understand what they mean.
And it was weighing in energy at down 6%.
This is for March.
But again, understand that what we're seeing is a temporary period of time when oil was in less demand and gasoline prices did go down some.
But that's the reason OPEC cuts its production, in order to force prices back up.
That will mean OPEC will probably sell less oil, so will Russia sell less natural gas, but it will make more for the natural gas and oil that Russia and OPEC sells.
Russia's part of OPEC.
That's the OPEC plus.
And you've got now really a union forming between Russia, China, and Iran, which I've highlighted all this week is going to increase tremendously the potential for war.
Craig, any comments on all of this?
And by the way, be sure to take a look at Swiss America and that offer of the Walking Liberty half dollars.
I'm strongly encouraging everybody to get some gold and silver, because this paper money we've got in our pockets is quickly going to digital.
It's not going to be worth the paper it's printed on, and soon it'll be under the control of government because our money will be entirely electronic.
That's the way they want it to go.
Get some tangible value.
You can't eat the gold, but for about the time of history, if you had some gold you might be able to eat.
When times get really difficult.
It's tangible value.
It's like owning a home.
Even when the prices go down, you still can live in the home.
You still own the land.
Until they try to take that away.
Chris?
As long as they don't pull an FDR in 1933, I think we're all set.
What they're going to pull is the eminent domain, we talked about it yesterday, to say we're going to take your house and put a windmill there, because we need more solar energy.
If they can tell the auto companies what to do, in terms of you've got to produce electric vehicles, Because the emission standards require it, where they can come to individual citizens and say, we take this whole block because we need to make this into a solar panel farm or a wind farm, and too bad about your private property, the public good demands it.
I mean, governments overreach this way and don't care about market forces for an ideological agenda.
We're all in trouble.
It's a new form of moral equivalency.
Yes.
If you can build a mall through eminent domain, The government could come to you, as suggested by Jamie Dimon.
I'll have to correct that and say, We're going to take your homes.
We're going to take this 10-15 block area and make a solar farm.
You know why?
Because back in the 50s, Eisenhower took property to create the interstate highway system.
So we're doing the exact same thing for the public good.
And they're going to use that excuse.
The media is going to back them.
And who's going to be able to fight this?
Well, it's the problem with a lot of the Supreme Court decisions, in other words, they start out looking like it's a good decision and for the public good, etc.
But yet, it sets the basis for government overreach, which happens very quickly.
So, you know, you see a Supreme Court decision that, you know, okay, interstate highways, that was not what was contested.
Hold on, as soon as I bring that, someone's video starts playing.
Once the Supreme Court decided that you could take land to have a shopping mall under eminent domain... Yeah, it's open season now.
It's open season.
Right.
I have a question for you about eminent domain.
The idea of eminent domain is that government has to give you fair market value.
Where are they going to get the money for fair market value in some areas, but it's shot up so high right now, it's a paper tiger at this point.
Who determines fair market value, and what's fair market value in an inflated currency?
Exactly, that's a good one.
The point is, they'll give you fiat dollars, and the government says, we'll just print money, but when it comes down to these tax credits, they're going to want taxes.
So they're going to increase taxes, and they're going to continue printing money.
They don't have any intention of running a balanced budget anymore.
We haven't had one of those.
I think the last one might have been even under Clinton, or close to it under Clinton.
When they say balanced budget, it's always about the deficit.
It's never about the debt.
If you'll notice, McCarthy and the Republicans in the House are fighting the debt.
Okay, or at least the small amount of Republicans are.
I'm not all that fond of the Republicans these days.
I'm just saying the small handful of Republicans that are trying to fight the debt are saying we want to fight the debt.
I'm not talking about the Republicans.
Uh, we are also seeing Joe Biden every time he talks about the budget.
He never mentions the debt.
He always says the deficit because you can easily close a deficit by overspending, uh, excuse me, overtaxing your, your citizenry and making it look like you're, you're balancing the budget instead of, instead of, and that's the, those are the shiny keys away from the debt, which escalated.
Exponentially during the Obama administration.
That's another thing.
Well, the deficit is the annual amount the government has shortfalled.
Well, it's spending versus taxes.
Spending versus taxes this year, in this fiscal year.
You can raise taxes and say we're fixing the deficit.
Okay, but the debt is the outstanding accumulated deficits.
that have gone over years. And under the Obama administration, the national debt doubled.
It continues to double, will continue to double. Now we have more national debt than we have
gross domestic product. And that's when a country is in problem because it's hard to do the
debt service. And to do the debt service, we've been printing treasury bills to pay off the
interest. And the Federal Reserve has been buying the treasury bills. It's just another
Ponzi scheme. The government, the United States is running on a Ponzi scheme.
It's very important that people understand that. We are not solvent.
We do not have a solid dollar, and the world is recognizing it.
It's why the dollar is in trouble, and it means in the future Americans are going to suffer.
We're not going to be the world's reserve currency, and you're going to find that things are going to cost a lot more, and your standard of living is going to be a lot less.
Chris, one final comment quickly, because we're running a little over time.
All I can say is Bernie Madoff would be proud.
Bernie Madoff set the standard for this kind of deal.
That's another Ponzi scheme the U.S.
government is running on.
Bernie Madoff went to jail and died there.
The entire U.S.
government is going to, though, not go to jail.
It's just going to continue making laws and making fiat decisions with fiat currency.
I always say, in the end, God always wins.
God will win here, too.
I think we'll be in for some very difficult economic times.
I will continue to report on it.
This is Dr. Jerome Corsi.
This is the new website, TheTruthCentral.com.
Take a look at the website, upper right-hand corner.
We're on a lot of social media platforms.
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And we are happy to have you join us.
Thank you for supporting us and coming back.
I'm going to be active again.
I'm writing new books.
I'll be writing new articles.
And we look forward to having you join us.
In the end, God always wins.
Jerome Corsi, today is Thursday, April 13, 2023.
We'll be back tomorrow on Friday for our last broadcast this week.
