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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 […]
Those who the gods wish to destroy…
Those who the gods wish to destroy… The UK is already in a de facto recession – only the fiddling of the data to count GP appointments as a value-adding activity led to a paltry 0.5 percent GDP growth in May. Discretionary spending has already plummeted, and it is only a matter of time before we see […]
Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation
Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation People walk near power plant number 10 at Saudi Electricity Company’s Central Operation Area, south of Riyadh, April 27, 2012./File Photo Summary This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Kingdom burns Russian fuel […]
Germany’s Energy Crisis About To Get Even Worse As Rhine Water Levels Plummet
Germany’s Energy Crisis About To Get Even Worse As Rhine Water Levels Plummet What has already been a year from hell for Germany, which is suffering energy hyperinflation as a result of Europe’s sanctions on Russia, and which is “facing the biggest crisis the country has every had” according to the president of the German […]
Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely
Gazprom Reportedly Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely Already days before the July 22 European “Doomsday” when the scheduled Russian 10-day maintenance of the crucial Nord Stream pipeline to Germany is slated to end – but which was thrown into deep doubt given Gazprom recently said it can no longer guarantee its “good […]
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage Dear Biden administration: for an example of a real emergency that justifies draining a commodity reserve – and not just midterm elections which Democrats will lose in a historic rout – read on. German energy giant and distressed nat gas utility Uniper, […]
Bigger than you can imagine
Bigger than you can imagine One of the problems with claims that our situation is “just like the 1970s,” is that very few adults of the period are still around to share the memory. Those of us who were children at the time have only memories distorted through the lens of childhood innocence. I, for […]
The great unravelling
The great unravelling Real life Bond villain Klaus Schwab has become the focus of ridicule following crude attempts to remove articles praising Sri Lanka’s “Vision 2025” economic plan from the World economic Forum (WEF) website – the world’s leading proponent of the hi-tech fourth industrial revolution apparently not realising that nothing ever disappears from the internet. Sri Lanka was supposed […]
“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy
“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the […]
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month With The White House having desperately tried to front-run this morning’s inflation print, analysts were expecting a jump higher led by food and energy costs. They were right in direction but it was way worse as the headline CPI soared 9.1% […]
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids Failing power grids and electricity shortages across the US could throw the oil market into chaos. Photo by: Planet One Images/UCG/Universal Images Group via Getty Images Failing US power grids could be the next vulnerability in the supply chain for oil, energy […]
Is the Euro An Energy Problem Or A Central Bank Problem?
IS THE EURO AN ENERGY PROBLEM OR A CENTRAL BANK PROBLEM? If its an energy problem, then there is no way back. It looks more like a central bank problem to me. As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain […]
The Oil Industry and Involuntary Liquidation
The Oil Industry and Involuntary Liquidation I never thought I would be even tempted to defend the oil industry, and that’s not exactly what I intend to do here, but their situation, and the situation in which they have put us, need a little explaining. There are two major narratives about the oil business currently, […]
