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Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head Germany’s Economic Minister Robert Habeck speaks to press in Dusseldorf, Germany. Roberto Pfeil – Pool/Getty Images Germany’s top union official said entire industries could collapse due to Russia’s natural-gas cuts. Europe’s largest economy is heavily reliant on natural gas piped in from […]
This Implosion Will Be Fast–Hold Onto Your Seats
THIS IMPLOSION WILL BE FAST – HOLD ONTO YOUR SEATS The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late. The massive money creation by central and […]
The Most Valuable Form of Money Nobody’s Seen–Yet
The Most Valuable Form of Money Nobody’s Seen–Yet What is “money”? “Money” is a claim on the essentials of life. Ration cards are claims on essentials. Many people expect “money” will soon be tied to commodities. Agreed. It’s called a ration card that grants the holder the right to buy a specific quantity of essential goods at […]
Pulling Back The Curtain On The ‘Real’ US Economy
Pulling Back The Curtain On The ‘Real’ US Economy Revised numbers on US GDP from the Bureau Of Economic Analysis indicate that the economy faces a deeper contraction than originally reported. GDP shrank in the first quarter of 2022 by 1.6%; this is an impressive and sharp reversal from the fourth quarter of last year, which saw GDP […]
Rationing Has Already Started In Europe As The Entire Globe Plunges Into A Horrific Economic Nightmare
Rationing Has Already Started In Europe As The Entire Globe Plunges Into A Horrific Economic Nightmare If countries in Europe are already beginning to ration certain things due to “supply problems”, how long will it be before it starts happening in the United States? Up until the past couple of years, many of us in […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Oil Likely To Hit $200: SEB Group
Oil Likely To Hit $200: SEB Group Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group. Bjarne Schieldrop, SEB analyst, said on Wednesday in no uncertain terms that the G7’s price capping proposal […]
The Age of Discord
The Age of Discord It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social discord. Today’s topic echoes Peter Turchin’s 2016 book, Ages of Discord, which I have often referenced in blog posts. I’ll also discuss two other books I’ve often referenced, Global Crisis: […]
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks The European Union has this week accused Russia of planning “rogue moves” regarding lowering natural gas flows to Europe, or in other words continuing to ‘weaponize’ its energy, to which the Kremlin has consistently responded with variations of ‘our gas, our rules’. This after Moscow has reduced Nord Stream […]
Food Riots Continue In Sri Lanka As The Military Begins Shooting
Food Riots Continue In Sri Lanka As The Military Begins Shooting The starving and hungry people of collapsing Sri Lanks have been rioting over the cost of food and lack of energy. As if things couldn’t get worse, the ruling class has taken to gunning down those who stand against being ruled. People are starving […]
Concurrent Deflation and Hyperinflation Will Ravage the World
CONCURRENT DEFLATION AND HYPERINFLATION WILL RAVAGE THE WORLD FLATION will be the keyword in coming years. The world will simultaneously experience inFLATION, deFLATION, stagFLATION and eventually hyperinFLATION. I have forecasted these FLATIONARY events, which will hit the world in several articles in the past. Here is a link to an article from 2016. With most asset classes falling rapidly, the world is now approaching […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase European natural gas and power prices surged after Germany triggered the “alarm stage” of its NatGas-emergency plan amid reductions in supplies from Russia, according to Reuters. German Economy Minister Robert Habeck said Europe’s largest economy is in a severe energy crisis. He warned Germany […]
Rabobank: It’s A Depressing Idea To Admit We Have No Ideas
Rabobank: It’s A Depressing Idea To Admit We Have No Ideas It is said that small minds talk about people, average minds talk about events, and great minds talk about ideas – and I would add the smallest of minds talk about themselves. The smallest-minded market view is what your individual asset class did yesterday. For […]
Why the World Economy Hasn’t Collapsed… Yet.
Why the World Economy Hasn’t Collapsed… Yet. Dominos falling. Image credit: Charl Folscher via Unsplash It has become more or less common sense that some sort of an economic meltdown is on the horizon. Inflation is soaring while consumers struggle to pay their bills around the world. Yet, despite all this, the world economy is still […]
