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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 […]
#231. Short and sharp
#231. Short and sharp A SYNOPSIS OF DETERIORATION AND RISK Might we very soon face a major financial crisis, at a scale exceeding that of 2008-09? Are we heading for a global economic slump, or can current problems be explained away in terms of ‘non-recurring events’, such as the war in Ukraine? Do the authorities have […]
“The Summer Of Starvation”: Soaring Fertilizer Prices Unleash Chaos, Hunger Worldwide
“The Summer Of Starvation”: Soaring Fertilizer Prices Unleash Chaos, Hunger Worldwide One of the most pernicious consequences – if primarily for the anti-Russia west – resulting from the Ukraine war, has been the unprecedented spike in fertilizer prices which among other things, has sparked a historic surge in food prices and collapse in supply chains […]
What People Don’t Get about This Inflation Spike
What People Don’t Get about This Inflation Spike Rising costs signal the ‘long emergency’ we face after glutting on cheap energy. Part one of two. Volatile energy prices are no mere brief glitch in the global economy. They are now a feature because we’ve met the end of easily extracted, cheap fossil fuels. Image via Shutterstock. […]
Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg
Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg Dozens of container ships are piling up outside Germany’s largest seaport by volume, known as the Port of Hamburg. It’s the third busiest port in Europe and the 15th largest globally and could be plunged into chaos next week as dockworkers may strike. […]
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia Australia’s east coast has been plunged into an energy crisis just as winter takes hold, which will see many people struggle to heat their homes due to soaring gas bills. Meanwhile, Origin Energy this […]
Putin Says US Decision To Print Money Is Behind Soaring Food Prices
Putin Says US Decision To Print Money Is Behind Soaring Food Prices Earlier, we reported on the deranged, confused, false ramblings of a senile old man who is so out of his depth in running the world’s biggest economy, the catastrophic results will soon be obvious to even his most die-hard fans. Now, it’s time […]
The Handbook for Debt-Soaked Nations: Lie, Print, Inflate & Finger-Point
The Handbook for Debt-Soaked Nations: Lie, Print, Inflate & Finger-Point Below we consider the classic (and oh-so predictable) tactics of debt-soaked nations facing a showdown (corner) between tanking markets and ripping inflation. Ultimately, I see a stagflationary end-game in which both occur, but for the near-term, prepare for more inflation, as it’s the option all debt-soaked sovereigns […]
40,000 Factories At Risk Of Closing In Pakistan’s Commercial Capital Amid Fuel Crisis
40,000 Factories At Risk Of Closing In Pakistan’s Commercial Capital Amid Fuel Crisis Pakistan faces potential economic collapse as inflation jumps and widespread civil unrest could be nearing. The latest sign the South Asian country is spiraling into the abyss is rising electricity costs that threaten to close tens of thousands of businesses. Bloomberg reports that as many […]
Running on Empty, Part II
Running on Empty, Part II How the Petrodollar Poisoned Foreign Policy with Financial Profiteering Welcome to Part II 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. In Part […]
Brace yourselves for an economic ‘hurricane,’ Jamie Dimon says
Brace yourselves for an economic ‘hurricane,’ Jamie Dimon says Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve. “Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle […]
Looming Price Hikes on Food Set to Hit Americans This Fall
A person shops in a supermarket in Washington, DC, on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to grow. (NICHOLAS KAMM/AFP via Getty Images) ECONOMY Looming Price Hikes on Food Set to Hit Americans This Fall Higher inflation could force Fed action, leading to a ‘deeper recession’ In its […]
