The Intercept: BIDEN ADMINISTRATION DRAFTING ORDER TO INVOKE DEFENSE PRODUCTION ACT FOR GREEN ENERGY STORAGE TECHNOLOGY
Several senators sent President Joe Biden a letter on Wednesday asking him to use authorities such as those contained in the Defense Production Act, which significantly expands the president’s authority to unilaterally alter domestic manufacturing policy in times of crisis, to “support and increase manufacturing capacity and supply chain security for technologies that reduce fossil fuel demand and fuel costs, such as electric heat pumps, efficient electric appliances, renewable energy generation and storage, and other clean technologies.”Globalism is collapsing at an incredible rate. It is only a matter of time before an American politician tries completing the circle. If it's from the left, the U.S. will have national socialism. If from the right, nationalist capitalism. Trump should have been a warning to the ruling class, but they don't get it. These Democrat politicians don't get it. They are out of their depth, out of their element. They think they are in power, but do not realize no one is in power. The throne is empty, the Mandate of Heaven has been lost. There is no political opposition to the politician who understands this and decides the time for seizing power has arrived.The letter — signed by Democratic Sens. Ed Markey and Elizabeth Warren of Massachusetts, Martin Heinrich of New Mexico, Cory Booker of New Jersey, and Jeff Merkley of Oregon — encourages Biden to make the U.S. less dependent on oil drilling abroad while simultaneously supporting climate goals: “Producing efficient electric products and exporting those goods to the E.U. and other foreign markets would help many countries lower their dependency on fossil fuels, and thereby strengthen their own energy security.” It’s the latest example of progressives in Congress urging the president to use his considerable authority to achieve policy victories. In a release earlier this month, the Congressional Progressive Caucus outlined a substantial agenda that could be achieved with the swipe of Biden’s pen. That list included utilizing the Defense Production Act to bolster the production of green energy technology.
As for investing, this type of policy will cripple the economy with stagflation. Make a mint riding the soaring energy and materials prices higher, then make another mint shorting everything in sight when it all collapses in disaster.
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