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Canada Spent $23 Billion to Support Pipelines in Just Three Years
Canada Spent $23 Billion to Support Pipelines in Just Three Years Taxpayers should understand the financial and climate risks of the big commitment, says an independent report. Governments’ financial support for pipelines is financially and environmentally risky, says a report. Photo from Trans Mountain. Canadian pipelines have received over $23 billion in support from federal and […]
European Bank For Reconstruction And Development Ends All Upstream Oil Financing
European Bank For Reconstruction And Development Ends All Upstream Oil Financing The European Bank for Reconstruction and Development (EBRD) will no longer invest in oil and gas exploration and production, the bank’s Managing Director Harry Boyd-Carpenter told Reuters as the institution pledged to align all its activities to the Paris Agreement goals from the end of next […]
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory,” Warns of Possible Shock-and-Awe Rate Hike
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory,” Warns of Possible Shock-and-Awe Rate Hike US Inflation is almost as hot as in Russia, but the Fed is still blowing it off. Consumer price inflation in Russia is red-hot, having jumped 6.0% in May compared to a year ago, 2 […]
Crisis, Crash, Collapse
Crisis, Crash, Collapse We have a fine-sounding word for running with the herd: momentum. When the herd is running, those who buy what the herd is buying and sell what the herd is selling are trading momentum, which sounds so much more professional and high-brow than the noisy, dusty image of large mammals (and their […]
The Looming Stagflationary Debt Crisis
Olivier Douliery/AFP via Getty Images The Looming Stagflationary Debt Crisis Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving […]
Cornered Fed Weighs Dilemma: Market Crash or Runaway Inflation?
Cornered Fed Weighs Dilemma: Market Crash or Runaway Inflation? Image via Science Photo Library The U.S. economy is at a fork in the road. One route leads to the return of market fundamentals and sane stock valuations, at the cost of a historic market correction. The other route leads to runaway hyperinflation that eats up […]
Myth #19: Nate Hagens dismisses the insistence we can achieve Net Zero!! (by 2050 or any date)
Myth #19: Nate Hagens dismisses the insistence we can achieve Net Zero!! (by 2050 or any date) “When people use the term “Net Zero” it’s mostly shorthand for maintaining economic growth while doing some magical technological salvation in the future.” — “There is an increasingly popular theme in climate change media called “Net Zero emissions.” The […]
Unstoppable Oil Could Be Nail In Coffin For Stocks
Unstoppable Oil Could Be Nail In Coffin For Stocks Stock investors worried about inflation should pay close attention to the rising price of oil. It could be the final kick needed to derail the consumer-spending spree behind the U.S.’s surging growth. From groceries to housing materials to gasoline, life is getting expensive for the average […]
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected
Brace For Shock At The Pump: WTI Surges Above $75 As OPEC+ Raises Output Less Than Expected Brace for shock at the pump. WTI crude prices surged by over $2, rising more than 3% to $75.8/bbl… … the highest since 2018… … amid reports that ahead of the conclusion of today’s OPEC, JMMC and OPEC+ […]
CIBC: Gold is still going towards $2,000 and silver to $31
Photo by Jingming Pan CIBC: Gold is still going towards $2,000 and silver to $31 Despite the selloff that caused gold to drop by more than 5% within a week, Canadian bank CIBC is still optimistic on both gold and silver’s prospects over the next few years. While the bank downgraded their average 2021 forecast for gold to […]
The Plot Thickens
The Plot Thickens COMMENT: Dear Sir, thanks for the messages at your blog. Today I heard from my daughter that during the European soccer championship a Danish player got a heart attack. That was broadcasted but not that two days before he got a corona vaccin. My grandson of 9 yrs wants to have a […]
By 2030 You’ll Own Nothing And You’ll Be Happy
By 2030 You’ll Own Nothing And You’ll Be Happy The title of this article projects an ominous future where the masses are controlled by a few. Over the years I have written several articles covering the elite gathering in Davos. The global elites see the World Economic Forum (WEF) as an opportunity to promote their views and […]
This is How a Civilization Collapses
This is How a Civilization Collapses What Does a Civilization That’s Beginning to Collapse Look Like? This, Here, Now Image Credit: Lex Augusteijn “You don’t seriously think…civilization…is going to…collapse? Do you? LOL! Dude!! Here, have a beer!” It’s a question I get asked these days, sometimes angrily, sometimes mockingly, sometimes like I’m crazy — rarely seriously. […]
When Expedient “Saves” Become Permanent, Ruin Is Assured
When Expedient “Saves” Become Permanent, Ruin Is Assured The Fed’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard. The belief that the Federal Reserve possesses god-like powers and wisdom would be comical if it wasn’t so deeply tragic, for the Fed doesn’t even have a plan, […]
Today’s Contemplation: Collapse Cometh XXIII
Today’s Contemplation: Collapse Cometh XXIII Tulum, Mexico (1986) Photo by author Today’s thought was motivated by another Tyee article that carries on the notion of ‘clean energy’ and the ‘magical thinking’ needed to buy into such narratives. * * * As long as language is being manipulated (e.g., ‘clean energy’ is a gargantuan oxymoron), magical […]
