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Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords”
Putin: Oil Sanctions Will Be Europe’s “Economic Suicide” On Orders From “American Overlords” Russian President Vladimir Putin announced that EU countries are committing “economic suicide” by refusing Russian energy resources amid a push to impose an oil embargo, but which has been thus far blocked by Russian energy-dependent Hungary and a handful of others. As quoted in […]
Advancing interconnected solutions to the food, energy and finance crises
Advancing interconnected solutions to the food, energy and finance crises The governing body of the United Nations Food and Agricultural Organization (FAO) met in Rome on April 8, 2022 in an Extraordinary Session to examine the “impact of the Ukraine-Russia conflict on global food security and related matters under its mandate” and advise on how it should proceed. Meanwhile, just two […]
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, 2022 in Washington, DC. (Photo by Win McNamee/Getty Images) Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the […]
The Failure of Central Banking: Politics
The seal of the Federal Reserve on a U.S. banknote. (Mandel Ngan/AFP/Getty Images) The Failure of Central Banking: Politics The view was generally held that centralization of banking would inevitably result in one of two alternatives: either complete government control, which meant politics in banking, or control by ‘Wall Street,’ which meant banking in politics. – Paul […]
Nowhere to Hide
Nowhere to Hide Investors don’t need to be told about the recent stock market crashes. The Dow Jones index is down 12.5% since early January. The S&P 500 is down 16.1% in the same period. The Nasdaq Composite is down an even more spectacular 26.5% this year. It lost more ground today. This puts the […]
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business As of Monday, gasoline cost $4.491 per gallon, per the US Energy Information Administration.Johner Images/Getty Images A logging business in North Carolina is shutting down over accelerating inflation and soaring gas prices. “I haven’t talked to a logger in the […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year. All over the planet, food production is being crippled by […]
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies US retail gasoline prices soared to another record on Monday as global refineries struggled with adding new capacity ahead of the driving season. Before diving into Goldman Sachs’ new commodity note explaining how global refining will be tight for the foreseeable future, last week, […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
If you thought the Coinbase bankruptcy disclosures were bad…
If you thought the Coinbase bankruptcy disclosures were bad… Just wait ’til you see your government’s bail-in rules One of the subplots that made for a bad week in crypto included a largely manufactured crisis around “The Coinbase bankruptcy disclosure”. After posting an earnings miss, the next shoe to drop was the discovery in the […]
European Natural Gas Prices To Triple In “Perfect Storm”
European Natural Gas Prices To Triple In “Perfect Storm” A top commodity research firm in Norway warns a “perfect storm” is brewing as European energy security worsens following Russia’s invasion of Ukraine, which could result in the tripling of natural gas prices. “There simply is not enough LNG around to meet demand. In the short term, […]
The Biggest Crash In History Is Coming? Kiyosaki Says So.
The Biggest Crash In History Is Coming? Kiyosaki Says So. Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will […]
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling […]
