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The French Pension War
The French Pension War When a million people protest on the streets of Paris and most major French cities, you know there is a serious problem in French society… The protests, which had been going on for four days, culminated on Feb. 11 in Paris, where reportedly half a million people participated. The vitriol directed […]
IMF Says World Needs to Prepare for the ‘Unthinkable’ After COVID, War in Ukraine
IMF Says World Needs to Prepare for the ‘Unthinkable’ After COVID, War in Ukraine IMF Managing Director Kristalina Georgieva participates in a town hall discussion with civil society organizations at IMF headquarters in Washington on Oct. 10, 2022. (Drew Angerer/Getty Images) International Monetary Fund Managing Director Kristalina Georgieva has warned that the world needs to be prepared […]
Don’t Let Balloons Distract You from the Global Economic Collapse
Don’t Let Balloons Distract You from the Global Economic Collapse We’re only two months into 2023, and so much water has already passed under the bridge. All I can say is, what a year this is shaping up to be. Is it just me, or does anyone else feels the same? To anyone still involved with […]
Global Debt & Death Spiral – John Rubino
Global Debt & Death Spiral – John Rubino Analyst and financial writer John Rubino says we’re are in a “debt and death spiral” that will force dramatic changes on the world. Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the […]
“These Are The Manipulations That Will Be Common Now That The World Is Transitioning To Squeezing Scarce Resources Out Of A Globalized Economy”
“These Are The Manipulations That Will Be Common Now That The World Is Transitioning To Squeezing Scarce Resources Out Of A Globalized Economy” Kishida’s cabinet formally adopted a policy to extend the life of its nuclear plants beyond the self-imposed sixty-year limit. Japan’s engineers had originally put a cap in place for all sorts of […]
Green spin
Green spin Concern over the steep rise in the price of electricity this winter has paved the way for rehashing the old misinformation about the relative cost of generation. So it is that Carbon Tracker – a non-profit which seeks to focus financial investment on non-renewable renewable energy-harvesting technologies (NRREHTs) – reports that electricity bills are far higher than […]
A tale of two worlds
A tale of two worlds In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar. So far, Putin’s actions have been relatively passive. But already, both Russia and China have accumulated enough gold […]
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses. Business insolvencies in the UK surged by 57% in 2022, to 22,109, according to the latest data from the Insolvency Service, […]
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come Relief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe, government support for consumers and producers is available if needed. China is turning away from its […]
Why the End of the Petrodollar Spells Trouble for the US Regime
Why the End of the Petrodollar Spells Trouble for the US Regime On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the […]
European Natural Gas Prices Surge Ahead Of Cold Spell
European Natural Gas Prices Surge Ahead Of Cold Spell The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than […]
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90%
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90% Cash is now king in Lebanon, where a three-year economic meltdown has led the country’s once-lauded financial sector to atrophy and turned the country into a Venezuelan-esque hyperinflationary hell. The country has been hit hard by events over the past few years, starting with COVID. In […]
South Africa’s Energy Crisis Could Spark A Political And Economic Disaster
South Africa’s Energy Crisis Could Spark A Political And Economic Disaster Eskom is operating at 50% capacity with rolling blackouts that are causing civil unrest and economic hardship. An international aid package worth $8.5 billion is being put together by the U.S. and Europe to help fund South Africa’s green energy transition. The dismal track […]
