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Running on Empty, Part IV
Running on Empty, Part IV How the War between Russia and Ukraine is Destroying the Petrodollar System Welcome to Part IV of Running on Empty, my four-part analysis of the Petrodollar system. Part I of this series explained that the US dollar is the world’s first reserve currency that is not backed by precious metals. Instead it is […]
ECB Holds Emergency Meeting To Discuss Market Turmoil
ECB Holds Emergency Meeting To Discuss Market Turmoil Last week, shortly after the ECB’s latest meeting disappointed markets and concluded without a discussion of Europe’s growing bond market fragmentation (which is to be expected since QE – the glue that held the Euro area’s bond market together – is ending) and which has since sent […]
The Harsh Reality of Energy TINA Strikes the US and Europe
The Harsh Reality of Energy TINA Strikes the US and Europe Hello EU and President Biden “There Is No Alternative” to Russian energy. Natural gas chart courtesy of Trading Economics, annotations by Mish. Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down The Wall Street Journal reports Some European Factories, Long Dependent on […]
Science Snippets: Peak Oil Has NOT Gone Away
Science Snippets: Peak Oil Has NOT Gone Away The video embedded below is scheduled to Premiere on YouTube at noon Eastern time on 13 June 2022. An online conversation will ensue shortly before, during, and slightly after the video is shown. Professor Guy McPherson’s AVID Audio Course Described and Available Here The Washington Post, 7 […]
This is how civilisations collapse
This is how civilisations collapse Last week, in an attempt to explain away the supply chain woes that are increasingly leading to goods shortages in America, President Biden cited a popular neoliberal fable. He observed that to make a pencil, wood and graphite must be sourced from the other ends of the world before the finished product can […]
Why The Biden Admin Wants Censorship Of Renewable Energy Critics
Why The Biden Admin Wants Censorship Of Renewable Energy Critics National Climate Advisor Gina McCarthy calls on Big Tech to censor renewable energy critics in the name of “public health” Biden Climate Advisor Gina McCarthy last week demanded that Facebook, Twitter and other social media companies crack down on those who are “seeding doubt about […]
The Market Is “On The Edge Of A Huge Collapse”
The Market Is “On The Edge Of A Huge Collapse” This week I had a chance to interview my friend Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales. Andy is a world-renowned expert in the field of precious metals and took the […]
Summer Outages Are Coming. Is Your Facility Prepared?
Summer Outages Are Coming. Is Your Facility Prepared? On-site microgrids provide facilities with reliable energy during extreme weather that threatens utility blackouts and price increases. Bloomberg News, the Wall Street Journal — almost every week we see news articles warning of more summer outages than ever before. The U.S. is experiencing more outages than other industrialized nations. […]
The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs?
The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs? Inflation is not a new problem in the US; there has been a steady expansion of price inflation and a devaluation of the dollar ever since the Federal Reserve was officially made operational in 1916. This inflation is easily observed […]
Kim Dotcom Breaks Down the True Scale of US Government Debt
KIM DOTCOM BREAKS DOWN THE TRUE SCALE OF US GOVERNMENT DEBT New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make. Kim explains that US spending and debt have spiraled out of control […]
The world must brace itself for a further surge in oil prices
The world must brace itself for a further surge in oil prices Outlook for production is bleak with Russian shortfalls hard to replace With Russia’s sanctions-hit oil output facing an increasingly difficult route to market, there are legitimate fears that supply could fall much further © Andrey Rudakov/Bloomberg Share on twitter (opens new window) Share […]
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable Truck passes sign at Flying J Truck Stop in Pearl, Miss., in April. The trucking industry offsets diesel prices through a fuel surcharge, which is calculated through a base rate that is usually added to a shipper’s freight bill.AP Photo/Rogelio V. Solis […]
Running on Empty, Part III
Running on Empty, Part III The Implications of the Petrodollar System for America and World Geostrategy Welcome to Part III of Running on Empty, my three-part analysis of the Petrodollar system. Part I of this series explained what the petrodollar system is, how it came to be, and what its financial effects have been on the United States. Part II explained […]
Record UK Gasoline Prices See Biggest Daily Surge In 17 Years
Record UK Gasoline Prices See Biggest Daily Surge In 17 Years UK gasoline prices continue to set records, with the daily price jump between Monday and Tuesday at its highest in 17 years, RAC, the UK’s longest-serving motoring organization, says. “The average price of petrol endured its biggest daily jump in 17 years by going […]
