Decisions made by Powell, Putin, MBS, and OPEC+ are going to impact the midterms and the economics of the entire planet. These two leaders of OPEC+ have a visceral hatred of both President Biden and democracy itself: throwing oil prices to or above $100 a barrel and gas prices above $6/gallon here in the US will have massive political repercussions, handing a sword to Republican partisans who openly also hate democracy.

It will also fuel inflation, provoking even more wrong-headed rate increases by Powell. And it's not like there aren't credible voices telling Powell he's playing with fire.

What, for example, do the United Nations' Conference on Trade and Development (UNCTAD), former Labor Secretary Robert Reich, and the corporate accountability group Accountable.us all know that Jerome Powell and his mostly-Republican colleagues at the Fed fail to understand?

Read more at HartmannReport.com.

-Thom

Wednesday's Daily Stack

Article: "Will Powell, MBS, and Putin Throw the Entire World Into a Depression?" by Thom Hartmann.

Article: "Consumer Gas Prices Stay Sky-High While Oil Prices Tumble Thanks To Corporate Greed" by Accountable US.

Book: The Hidden History of Monopolies: How Big Business Destroyed the American Dream by Thom Hartmann.

Article: "Nonfinancial Corporate Business: Profits After Tax (without IVA and CCAdj) (NFCPATAX)" by FRED.

Article: "Trade and Development Report 2022" by UNCTAD.

Article: "Mortgage Businesses Seen Laying Off Thousands as Volume Drops" by Carmen Arroyo.

Article: "Saudi Arabia and Russia drive OPEC alliance plans to cut oil production - propping up prices as the world battles to lower energy costs due to Putin's war in Ukraine" by Chris Jewers.

Article: "13 percent" by US EIA.

Article: "Spot Prices for Crude Oil and Petroleum Products" by US EIA.

Article: "Amazon shrinks staff by 100,000, joining Netflix and Google in hiring slowdown" by Martine Paris.

Article: "Great frauds in history: Albert Dunlap – "Chainsaw Al"" by Dr Matthew Partridge.

Article: "Criminally deceptive" by Judd Legum and Rebecca Crosby.

Article: "Housing Market Update: Homes Are Taking Longer to Sell" by .

Article: "Who will bear the pain?" by Robert Reich.

Article: "U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases" by Tim Ellis.

Article: "World Bank Warns of Global Recession Next Year if Central Banks Lift Interest Rates Too High" by Andrew Duehren.

Article: "A president and his Fed chair clash. Sound familiar?" by Nancy Marshall-Genzer.

Article: "Saudi's killer crown prince and UAE leader decline phone calls with Biden until demands are met" by Meteor Blades.

Article: "Saudi, Emirati Leaders Decline Calls With Biden During Ukraine Crisis" by Dion Nissenbaum, Stephen Kalin and David S. Cloud.

Article: "Saudi Crown Prince Says Khashoggi Was Killed ‘Under My Watch'" by Jared Malsin.

Article: "UK lawmakers approve windfall tax on oil and gas producers" by Reuters.

Article: "OPEC announces the biggest cut to oil production since the start of the pandemic" by Hanna Ziady.

Article: "Oil Nations, Prodded by Trump, Reach Deal to Slash Production" by Clifford Krauss.

Law: "Sherman Antitrust Act", 1890.

Law: "Clayton Antitrust Act of 1914" by Wikipedia.

Article: "What is the windfall tax on oil and gas companies and how does it work?" by BBC.

Article: "The E.U. is preparing for blackouts this winter, amid an energy crisis" by Annabelle Timsit and Emily Rauhala.

Article: "Exposed: The Trump, Putin & Saudi Connection to High Gas Prices " by Thom Hartmann.

Article: "Women's March on Versailles" by Wikipedia.

Article: "October surprise" by Wikipedia.

Article: "How Economic Outrage Trumps Most Other Issues" by Thom Hartmann.

Article: "State Gas Price Averages" by AAA.

Article: "Gas Price Charts" by gasbuddy.

Article: "Talk of ‘Civil War,' Ignited by Mar-a-Lago Search, Is Flaring Online" by Ken Bensinger and Sheera Frenkel.

Article: "Stewart Rhodes' ex-wife issues warning on what to expect if a jury finds him not guilty " by Tom Boggioni.

Article: "Trump attends LIV golf outing at his Bedminster golf course: photos" by Madison Hall, Tyler Lauletta.

Article: "As US oil booms, Congress lifts 40-year oil export ban" by Charlotte Raab.

Article: "Russian State TV Defends Drunk Conscripts Amid Mobilization Failures" by Brendan Cole.

Quote: "Treat them with humanity, and let them have no reason to complain of our copying the brutal example of the British Army in their treatment of our unfortunate brethren who have fallen into their hands" - George Washington.

Article: "Zelensky offers guarantees for Russian soldiers who surrender " by Jared Gans.

Article: "Yom Kippur" by Wikipedia.

Article: "Misleading GOP ads blame Senate Democrats for Iowa ski area project funded by Republicans" by Josh Israel.

Hour Two: What Will Be the Economic Impact of OPEC & Russia Cutting 2 Million Barrels Per Day?
- Economist Dr. Richard Wolff, Co-founder, Democracy At Work / Author of numerous books - his latest is The Sickness is the System (now also available as an e-book) & Host - Economic Update with Richard D. Wolff on Free Speech TV

Article: "In Rebuke to West, OPEC and Russia Aim to Raise Oil Prices With Big Supply Cut" by Stanley Reed.

Article: "US Mortgage Rates Rise for Seventh Week to Highest in 16 Years" by Vince Golle.

Site: Nouriel Roubini.

Article: "US strategic oil reserves have hit their lowest level since 1985 after Joe Biden's record sales" by Harry Robertson.

Article: "What Is "Stochastic Terrorism," And Why Is It Trending?" by dictionary.com.

Article: "Ten stages of genocide" by Wikipedia.

Article: "Clarence Thomas Faces Calls to Recuse Himself from Trump Mar-a-Lago Case" by Darragh Roche.

Article: "Biden says COVID-19 pandemic is "over" in U.S." by CBS News.

Article: "Compressed hydrogen" by Wikipedia.

Article: "Hydrogen fuel cells, explained" by Airbus.

Speech: "Crisis of Confidence" by Jimmy Carter, July 15, 1979.

Bill: "H.R.1 - For the People Act of 2021" by Rep. Sarbanes, John P. [D-MD-3].

Site: The Intolerant Lefty.

Article: "Fred C. Koch" by Wikipedia.

Article: "Hugo Chávez" by Wikipedia.

Article: "Chevron Corporation" by Wikipedia.

Article: "It's Time to Brace for Putin's Greatest Meltdown Yet" by Dennis Murphy.

Article: "OPEC, allies move to slash oil production, eliciting blistering White House response" by Jeff Stein, Rachel Lerman and John Hudson.

Article: "The ‘egg cartons' of the Russian tanks: the poor protection of many T-72B3 and T-80".

Article: "Russian filtration camps for Ukrainians" by Wikipedia.

Article: "Ukrainian Children Forcibly Transferred And Subjected To Illegal Adoptions" by Dr. Ewelina U. Ochab.

Article: "The Party congress that will change the world begins on October 16" (China) by Nadya Yeh.

Article: "We need to ban animal testing. Dr. Oz's killing over 300 dogs is a perfect example of why. " by Brian Kateman.

Article: "Supreme Court overturns Roe v. Wade, ending 50 years of federal abortion rights" by Dan Mangan, Kevin Breuninger.

Article: "538 children in Ohio had abortions last year as total numbers increase" by Jessie Balmert.

Article: "How Donald Trump's tax-dodging migrant grandpa went from cutting hair to building an empire of brothels where customers could pay in gold dust or nuggets" by Mia De Graaf.

Article: "Federal judicial appointments by president" by Ballotpedia.

Article: "Ukraine applies for NATO membership, rules out Putin talks" by Tom Balmforth.

Article: "Turkey lifts its objections to Sweden, Finland joining NATO" by AP.

Article: "Slovak parliament approves NATO membership for Finland, Sweden" by Reuters.

Case: "Dred Scott v Sandford".

Article: "Through the Eyes of Lincoln: The Dred Scott Decision" by David Vojtaskovic.

Article: "Hemp" by Wikipedia.

Article: "The Winter War – When the Finns Humiliated the Russians" by Ivano Massari.

Thursday on The Thom Hartmann Program, 12-3pm ET

I'll be talking with Ali Velshi, Host - MSNBC "Velshi" (Sat/Sun 8-10aET) & "The Last Word" (Fri 10pET) / Host of the digital platform, The Velshi Exchange

And, the best of the rest of the news along with your calls right here on...

The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week for "we the people"

And don't forget...Democracy is NOT a spectator sport...it begins with you...

Will Americans Tear Each Other Apart If Inequality Increases?

Will OPEC Pull World Economy Into Depression For Putin? Featuring Richard Wolff

Why Republicans Can't Save Economy

Is Historic Inequality Pulling U.S. Towards Fascism?