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$2.5 Quadrillion Disaster Waiting to Happen – Egon von Greyerz
$2.5 Quadrillion Disaster Waiting to Happen – Egon von Greyerz Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert. EvG is a former Swiss banker and an expert in risk. He says the […]
East vs West, ‘Stuff’ vs ‘Finance’
East vs West, ‘Stuff’ vs ‘Finance’ As a military conflict rages in Ukraine between Russia and what the Russian government calls “the West” (apparently meaning NATO allies and particularly the United States), there is a parallel economic battle between “stuff” and “finance.” Both categories are affected by economic sanction regimes imposed by each side. But […]
Central banks are stealing underpants
Central banks are stealing underpants Let’s talk about supply shocks. Cast your mind back to the beginning of March 2020. Remember how everyone panic bought pasta and toilet paper? Except that it didn’t really happen – at least on a large scale. What happened was, in their usual underhand way, the establishment media paid supermarket […]
War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern?
War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern? The times are not just a-changin’ – they have changed. Let’s take six of the top seven headlines in the Financial Times this morning in Asia as Exhibit A: ‘Biden claims oil companies are ‘war profiteering’ as he floats windfall tax’ ‘The […]
Overnight Degrowth
Overnight Degrowth The Degrowth movement is gaining momentum. You’ve probably read articles about it and thought “Yeah, that makes sense, but it’ll never happen”. And today, you’d be right. Any government that tried to introduce it would soon become like the parrot, an ex-government. However, we all know that infinite growth on a finite planet is impossible. Perhaps you’ve […]
A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023
A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023 In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now. And that is really bad news, because the entire economy of the western world runs on diesel. If we suddenly had no more diesel fuel, […]
The Netherlands may be the first country to hit the limits of growth
The Netherlands may be the first country to hit the limits of growth The country has 507 people per sq km, nearly five times the EU average, while liveable land is shrinking due to climate change © Harry Haysom The other morning I cycled around the Dutch town where I grew up. Behind our old […]
What collapse?
What collapse? Western Europe, ca 2050. I’ve been contemplating a lot recently on how modern industrial civilization would collapse. (That it will collapse was no question to me.) The term ‘collapse’ of course invokes fear and anxiety in most, as it implies a sudden, irreversible, truly catastrophic event on epic proportions. One really bad day all shit […]
Should we have predicted Black Swan events like COVID and the war in Ukraine? Where is the next crisis coming from?
Should we have predicted Black Swan events like COVID and the war in Ukraine? Where is the next crisis coming from? A Ukrainian serviceman looks out from inside a tank and as the war with Russian rages it’s not unthinkable that Vladimir Putin will unleash nuclear weapons.(Reuters) Who predicted the 2008 global financial crash? COVID? The war […]
$2 Quadrillion Debt Precariously Resting on $2 Trillion Gold
$2 QUADRILLION DEBT PRECARIOUSLY RESTING ON $2 TRILLION GOLD A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure. But let’s first look at another circus – The global travelling circus is now reaching ever more nations just as expected. This is right on cue at the end of […]
East Coast retail diesel prices moving significantly higher than overall US hikes
East Coast retail diesel prices moving significantly higher than overall US hikes Extremely tight inventories are seen as the driving factor blowing out spreads with benchmark Gulf Coast market East Coast diesel prices are racing ahead of the rest of the country. Photo: Jim Allen/FreightWaves East Coast retail diesel prices are soaring relative to the […]
Massive Protest By Czechs Targets Russia Sanctions, High Prices
Massive Protest By Czechs Targets Russia Sanctions, High Prices Fed up with soaring food, energy and housing costs, tens of thousands of Czech protestors railed against their government on Friday, demanding the resignation of conservative Prime Minister Petr Fiala’s government, withdrawal from NATO and the negotiation of gas purchases from Russia. “This is a new national […]
Saudis Sought Oil Production Cut So Deep It Surprised Even Russia
SAUDIS SOUGHT OIL PRODUCTION CUT SO DEEP IT SURPRISED EVEN RUSSIA OPEC+ slashed oil production following a Saudi pressure campaign that experts say aims to hurt Democrats in the midterms. THE SAUDI-LED oil cartel OPEC+’s announcement earlier this month that it was cutting 2 million barrels of oil per day — a move that would drive […]
Farm grade diesel shortage could threaten new crops
Farm grade diesel shortage could threaten new crops DOVER, Fla. — A tax-free diesel fuel shortage for farmers in Central Florida is threatening crops and could send prices for agriculture commodities skyrocketing by early next year. Farmers are reporting a shortage of diesel fuel from suppliers at the port, which is leading them to fuel […]
Orange Juice Prices Soar To Record Highs As Inventories Collapse
Orange Juice Prices Soar To Record Highs As Inventories Collapse We recently outlined “Orange Juice Prices Could “Increase Substantially” As Hurricane Pummels Florida’s Top Citrus Grow Region.” And that’s precisely what’s happening today. First, let’s begin with US stockpiles of cold-stored orange juice plunged by 43% in September from a year earlier — the lowest level since […]
