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Wrong for a different reason
Wrong for a different reason Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala. Since the slogan was clearly political, it wasn’t long before the various political […]
The Negative-Sum Economy
The Negative-Sum Economy There are tides and seasons in the comments I field for posts here on my blog, certain questions that get asked at regular intervals, certain saliva-flecked tirades I can count on getting whenever certain things appear in my writings or happen in the world. One of the more frequent of the questions […]
Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost
Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost Now that every financial game in America has been rigged to benefit the few at the expense of the many, trust and credibility has evaporated like an ice cube on a summer day in Death Valley. Here is America in a nutshell: we no […]
The funny-money game
The funny-money game The sense of general unease that I detect among those I meet and discuss economics and financial matters with is increasing —with good reason. Clearly, what everyone calls inflation, rising prices or more accurately currency debasement, will lead to higher interest rates, threatening markets which are unmistakably in bubble territory. The consequences […]
Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns
Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns IEA Executive Director Fatih Birol delivered some unwelcoming news for commercial and residential natural gas buyers during an interview on Bloomberg TV Friday morning. He said European natural gas prices might push higher in the coming weeks as the heating season begins. “We may still […]
The Battle For Control Of East Mediterranean Energy
The Battle For Control Of East Mediterranean Energy The history of oil and natural gas is marred by instability and conflict. The rise of the Eastern Mediterranean as a prolific energy region has increased existing tensions between certain littoral states while strengthening cooperation between others. The ratification of the charter concerning the Eastern Mediterranean Gas […]
UK Supply Chain Crisis
UK Supply Chain Crisis
Natural gas: SSE Airtricity to increase prices by 21.8%
Natural gas: SSE Airtricity to increase prices by 21.8% IMAGE SOURCE,REUTERS SSE Airtricity will increase its natural gas prices for households and businesses by 21.8% from October. The company says the change will add £112 on to the typical average household bill. SSE Airtricity has 178,000 customers in Northern Ireland. Tariffs are scrutinised and approved […]
Rabobank: We Live In A World Without Consequences Where Everyone Is Corrupt
Rabobank: We Live In A World Without Consequences Where Everyone Is Corrupt Salo News Day Regular readers will know I am a cynic. Try writing a Daily for over two decades and not be – and events over the last 24 hours underline that fact. Indeed, you could call it a “Salo News Day” in […]
Have Central Banks Crossed the Line into Tyranny?
Have Central Banks Crossed the Line into Tyranny? With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally […]
Will the Gov’t Close all Markets?
Will the Gov’t Close all Markets? QUESTION: Marty, the government closed the New York Stock exchange in 1914 due to World War I. Do you think they will do that again? Looking forward to Orlando WH ANSWER: The closure of 1914 was not the only time they shut down markets. Even the London market was shut down […]
The War On Cash, Is It A Real Thing? The Answer Is Yes
The War On Cash, Is It A Real Thing? The Answer Is Yes In our bizarre economy, we hear many things, and ideas are constantly being thrown out to us. This all tends to flow together and help us develop a strategy as to how we should cope with the changing times. One thing we […]
A Self-Fulfilling Prophecy: Systemic Collapse and Pandemic Simulation
A SELF-FULFILLING PROPHECY: SYSTEMIC COLLAPSE AND PANDEMIC SIMULATION A year and a half after the arrival of Virus, some may have started wondering why the usually unscrupulous ruling elites decided to freeze the global profit-making machine in the face of a pathogen that targets almost exclusively the unproductive (over 80s). Why all the humanitarian zeal? […]
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution Employees work on a drilling rig at an oil field owned by Russia’s oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia. © Sputnik / Maksim Bogodvid Russia’s lucrative role as one […]
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch Soaring energy prices are stoking new concerns about a stagflationary environment of high prices and waning economic growth. Natural gas prices in Europe and the US are through the roof, and WTI futures are over $70 per barrel. Chevron Corp.’s CEO Mike […]
