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Israel’s War On Cash Is About To Get More Drastic
Israel’s War On Cash Is About To Get More Drastic Starting Monday, it will be a criminal offense in Israel to pay more than the equivalent of $1,700 in cash to a business or $4,360 in cash to individual, as the government intensifies its ongoing war on tangible money. It’s a war that began in earnest […]
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter? How about 100 percent? Unfortunately, these kinds of price increases are already being announced. The world was heading […]
Gas Levy Could Triple Household Heating Bills In Germany
Gas Levy Could Triple Household Heating Bills In Germany Germany plans to introduce a levy for all its gas consumers beginning in October as the government looks to avoid a wave of collapsing gas-importing and gas-trading companies amid record-high natural gas prices, a new bill seen by Reuters showed on Thursday. Russia is further reducing flows via […]
What Happens If The Fed Doesn’t Capitulate On Interest Rates?
What Happens If The Fed Doesn’t Capitulate On Interest Rates? In the past stock markets used to rely on the innovation and profit reports of individual companies, and while there were sometimes all encompassing events that would push equities in one direction or another, in the last decade there has been only one factor that ever really […]
The world’s self-organizing economy can be expected to act strangely, as energy supplies deplete
The world’s self-organizing economy can be expected to act strangely, as energy supplies deplete It is my view that when energy supply falls, it falls not because reserves “run out.” It falls because economies around the world cannot afford to purchase goods and services made with energy products and using energy products in their operation. It […]
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch German chemicals company BASF SE paid an extra 800 million euros ($809.5 million) to keep its plants operating in the second quarter compared with a year earlier amid skyrocketing natural gas prices. The impact of high energy prices has forced the company to […]
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis
We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis How would you feel if your power bill went up by 50 percent this winter? How about 100 percent? Unfortunately, these kinds of price increases are already being announced. The world was heading […]
Central Banks, Global Debt & COVID
Central Banks, Global Debt & COVID Ed Dowd summarizes his career and insights as a successful stock picking “conspiracy theorist”. I first met Ed Dowd during an early trip which a group of physicians from the International Alliance of Physicians and Medical Scientists (www.globalcovidsummit.com) made to the Hawaiian Islands of Maui and Oahu during the […]
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High European natural gas futures extended gains by 12% after Russian state-owned energy producer Gazprom PJSC unexpectedly announced it would halt a Nord Stream 1 turbine at its Portovaya compressor station from Wednesday. Simultaneously, US NatGas futures have spiked to 14-year highs. […]
What Does An Ecological Civilization Look Like?
ILLUSTRATIONS BY DELPHINE LEE/YES! MAGAZINE What Does An Ecological Civilization Look Like? A society based on natural ecology might seem like a far-off utopia—yet communities everywhere are already creating it. As a new, saner administration sets up shop in Washington, D.C., there are plenty of policy initiatives this country desperately needs. Beyond a national plan for […]
Russia And China Officially Announce A “New Global Reserve Currency”
Russia And China Officially Announce A “New Global Reserve Currency” And once again, as happens often with consequential news in the United States and the West, no one has noticed and no one seems to care. If you’ve blinked over the last month, you may have missed it… China and Russia are taking their shot […]
Panama’s Inflation Upheaval Causing Food, Fuel Shortages
Panama’s Inflation Upheaval Causing Food, Fuel Shortages It started as a teacher’s strike to protest the high cost of gas, but it’s now the largest civil unrest in Panama since the end of dictator Manuel Noriega’s reign in 1989. With fiery roadblocks disrupting commerce and causing shortages of food, fuel and other supplies, the Panamanian government has […]
Running on Empty, Part V
Running on Empty, Part V When the Dollar is Broken, What Does One Do to Not Go Broke? (Guest Post) Gary Brode of Deep Knowledge Investing was kind enough to share my series Running on Empty with his readers. This afternoon I’ve invited him to offer his thoughts for my readers, focusing on the implications that […]
#234. Britain on the brink
#234. Britain on the brink THE PRICE OF EXTREMISM Whether the country’s leaders know it or not, the United Kingdom is now at serious risk of economic collapse. We must hope that this doesn’t happen. If it does, it will take the form of a sharp fall in the value of Sterling which, in these circumstances, […]
#235. The affordability crisis
#235. The affordability crisis WHAT’S REALLY HAPPENING What might be called the ‘consensus narrative of the moment’ is that our near-term economic prospects depend on the ability of central banks to tame inflation without tipping the economy into a severe recession. There are numerous complications, of course, but this is the gist of the story. What these […]
