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Citi: Soaring Energy Bills Raise Chances Of Windfall Taxes In Europe
Citi: Soaring Energy Bills Raise Chances Of Windfall Taxes In Europe Gas and electricity bills in Europe could jump to 4.5 percent of household disposable income in 2023. Rising utility bills raise pressure on politicians to implement windfall tax. Rising energy commodity prices weigh most on Eastern European countries. The higher the energy bills in […]
Third of Global Population Killed in Next War Cycle – Charles Nenner
Third of Global Population Killed in Next War Cycle – Charles Nenner Renowned geopolitical and financial cycle expert Charles Nenner says his analysis shows the world will start a huge war cycle by 2023. This type of war is similar to WWII but much bigger. Nenner explains, “The cycle work I do on wars starts […]
Supply chains are never returning to ‘normal’
Supply chains are never returning to ‘normal’ Global supply chains are in flux. (Photo: Unsplash/Cameron Venti) The conventional wisdom at this time is that most of the world has moved on from the pandemic (except for China); therefore, supply chains will return to “normal.” Unfortunately, this is not the case. The world has permanently changed […]
35 Signs That Show The Supply Chain Is Dying Right In Front Of Our Eyes
35 Signs That Show The Supply Chain Is Dying Right In Front Of Our Eyes
Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next
Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next Upon being told that the people had no bread, Marie Antoinette reportedly responded, “let them eat cake.” These infamous words were a stark illustration of the French elite’s careless indifference to the plight of ordinary people. Moreover, they likely […]
India isn’t the only one banning food exports. These countries are doing the same
India isn’t the only one banning food exports. These countries are doing the same The war has triggered a huge spike in wheat prices, with Russia and Ukraine among the biggest exporters of the commodity. Many countries have banned wheat, as well as other food exports as a result of the Ukraine crisis. “As the […]
The End Of Growth Is Here
The End Of Growth Is Here Thank God and not a moment too soon Photo by author — old truck — Slab City February 2022 It was bad before. Before we decided to exponentially increase the thermodynamic whoopee Kurt Vonnegut Jr. warned us about, but now, not only have we decided to add a whole […]
Rabobank: We Are In An Undeclared Global Economic War, And Worldwide Famine Is Coming
Rabobank: We Are In An Undeclared Global Economic War, And Worldwide Famine Is Coming How Dare You Markets whipsawed yesterday after bad US initial jobless claims and Philly Fed data, with stocks down and bond yields also lower, as was the US dollar. Commodities were a mixed picture, however, and oil prices rose around 5% again […]
China, U.S. lead rise in global debt to record high $305 trillion – IIF
China, U.S. lead rise in global debt to record high $305 trillion – IIF A view of the city skyline in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song NEW YORK, May 18 (Reuters) – The world’s two largest economies borrowed the most in the first quarter as global debt rose […]
Washington state gas stations run out of fuel, prep for $10 a gallon
Washington state gas stations run out of fuel, prep for $10 a gallon Gas stations in Washington state are resetting their price boards to accommodate double digits in preparation for fuel prices potentially reaching $10 a gallon, according to a report. The move comes as several gas stations in the Evergreen State ran out of […]
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns Update (Friday): The locked-down megacity of Shanghai eased pandemic restrictions this week and will see public transportation networks reopen as soon as Sunday. After two months, the city of 26 million people appears to have contained the spread of COVID-19 via […]
Running On Empty
Running On Empty Well, we definitely seem to have passed a threshold of sorts. For most of the sixteen years since I started blogging, one of the things I had to point out constantly to my readers was the slow pace of historical change. Whenever I posted an essay on the twilight of industrial society, […]
Gold As Cheap Today As In 1971 At $35
GOLD AS CHEAP TODAY AS IN 1971 AT $35 “Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.” – Thomas Jefferson Since no […]
Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel
Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel There’s no money to buy petrol, the crisis-hit Sri Lankan government said Wednesday as it urged citizens to “not to wait in line” for fuel, and following violent protests in the streets, which started in early April in the capital of Colombo and quickly […]
