China, U.S. lead rise in global debt to record high $305 trillion – IIF
China, U.S. lead rise in global debt to record high $305 trillion – IIF A view of the city skyline in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song NEW YORK, May 18 (Reuters) – The world’s two largest economies borrowed the most in the first quarter as global debt rose […]
Washington state gas stations run out of fuel, prep for $10 a gallon
Washington state gas stations run out of fuel, prep for $10 a gallon Gas stations in Washington state are resetting their price boards to accommodate double digits in preparation for fuel prices potentially reaching $10 a gallon, according to a report. The move comes as several gas stations in the Evergreen State ran out of […]
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns Update (Friday): The locked-down megacity of Shanghai eased pandemic restrictions this week and will see public transportation networks reopen as soon as Sunday. After two months, the city of 26 million people appears to have contained the spread of COVID-19 via […]
Running On Empty
Running On Empty Well, we definitely seem to have passed a threshold of sorts. For most of the sixteen years since I started blogging, one of the things I had to point out constantly to my readers was the slow pace of historical change. Whenever I posted an essay on the twilight of industrial society, […]
“The Typhoid Mary of Disinformation”: Nicolle Wallace. Nobody Spreads it More Relentlessly.
“The Typhoid Mary of Disinformation”: Nicolle Wallace. Nobody Spreads it More Relentlessly. From her days as Bush/Cheney propagandist, to her stint on The View, to her role as beloved-by-Democrats MSNBC host, Wallace has perfected the art of sociopathic lying. Watch our original video. Screen shot from our new original video about Nicolle Wallace, “The Typhoid […]
Gold As Cheap Today As In 1971 At $35
GOLD AS CHEAP TODAY AS IN 1971 AT $35 “Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.” – Thomas Jefferson Since no […]
Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel
Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel There’s no money to buy petrol, the crisis-hit Sri Lankan government said Wednesday as it urged citizens to “not to wait in line” for fuel, and following violent protests in the streets, which started in early April in the capital of Colombo and quickly […]
Sri Lanka Out of Gasoline, ‘Difficult’ Months Ahead, Prime Minister Says
Sri Lanka’s new Prime Minister, Ranil Wickremesinghe (C), visits a Buddhist temple after his swearing in ceremony in Colombo on May 12, 2022. (Ishara S. Kodikara/AFP via Getty Images) Sri Lanka Out of Gasoline, ‘Difficult’ Months Ahead, Prime Minister Says Sri Lanka has run out of gasoline and the country’s finances are “extremely precarious,” its new prime […]
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords”
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords” Russian President Vladimir Putin announced that EU countries are committing “economic suicide” by refusing Russian energy resources amid a push to impose an oil embargo, but which has been thus far blocked by Russian energy-dependent Hungary and a handful of others. As quoted in […]
Advancing interconnected solutions to the food, energy and finance crises
Advancing interconnected solutions to the food, energy and finance crises The governing body of the United Nations Food and Agricultural Organization (FAO) met in Rome on April 8, 2022 in an Extraordinary Session to examine the “impact of the Ukraine-Russia conflict on global food security and related matters under its mandate” and advise on how it should proceed. Meanwhile, just two […]
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, 2022 in Washington, DC. (Photo by Win McNamee/Getty Images) Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the […]
The Failure of Central Banking: Politics
The seal of the Federal Reserve on a U.S. banknote. (Mandel Ngan/AFP/Getty Images) The Failure of Central Banking: Politics The view was generally held that centralization of banking would inevitably result in one of two alternatives: either complete government control, which meant politics in banking, or control by ‘Wall Street,’ which meant banking in politics. – Paul […]
There might not be enough electricity to go around this summer in Michigan. That could require planned outages
There might not be enough electricity to go around this summer in Michigan. That could require planned outages Creative Commons / Https://Creativecommons.Org/Publicdomain/Zero/1.0/Deed.En The power grid operator for Michigan and 14 other states says there may not be enough electricity to go around this summer, especially in northern states. That increases the risk of planned power […]
Nowhere to Hide
Nowhere to Hide Investors don’t need to be told about the recent stock market crashes. The Dow Jones index is down 12.5% since early January. The S&P 500 is down 16.1% in the same period. The Nasdaq Composite is down an even more spectacular 26.5% this year. It lost more ground today. This puts the […]
