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What War in Ukraine Means for Energy and Money
What War in Ukraine Means for Energy and Money
The Great Economic Destruction & COMPLEXITY
The Great Economic Destruction & COMPLEXITY COMMENT #1: OK Marty, it is now becoming obvious that not only Trump reads your stuff but so does Obama. Trump bought a $19 million remote island and Obama bought one for $15 million. This is not a coincidence. Your war cycle goes nuts next year and we have […]
World War III Has Already Started, and It’s an Economic War
World War III Has Already Started, and It’s an Economic War Image © Chekov_UA. All rights reserved. In an article I published in April of 2018, World War III Will Be An Economic War, I outlined a number of factors that portend a large scale conflict between East and West and why this war would be mainly […]
Turning The Wealth Pyramid Upside Down
Turning The Wealth Pyramid Upside Down When we look at upside down wealth pyramid at the left, I have a big problem with the picture it promotes. It is clearly based on someone’s opinion of what investments are safe. The one thing it does well is to scream that some investments have a high degree […]
Ukraine and the Next Wave of Inflation, Part I
Ukraine and the Next Wave of Inflation, Part I Inflation from Useless Ingredients The cause of rising prices is not always monetary. Before Covid, we wrote a lot about mandatory useless ingredients. This is when regulators and taxinators force producers to add things to their products, which buyers do not care about (and often do not know […]
A Global Monetary & Commodity Inferno of Nuclear Proportions
A GLOBAL MONETARY & COMMODITY INFERNO OF NUCLEAR PROPORTIONS When the sh-t hits the global fan, it often does it at the optimal time for the maximum amount of damage and with the worst kind of sh-t to soil the world. For years I have been clear that the world is reaching the end of […]
This War Marks the End of Cheap Resources
This War Marks the End of Cheap Resources Image credit: Miguel Bruna via Unsplash It’s time to bust some myths. Ones, like “we have all the natural resources we want” and “we live in an a world of abundance”. Or if something does become unavailable, then surely a replacement will come online and magically scale up […]
Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market
Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market Global production will take time to ramp up, so the U.S. and other buyers will chase limited supplies, creating upheaval unseen in decades. A Rosneft refinery. Russia is the world’s No. 3 oil producer, after the United States and Saudi Arabia.Credit…Andrey Rudakov/Bloomberg HOUSTON […]
The American Empire Self-Destructs, But Nobody Thought That It Would Happen This Fast
The American Empire Self-Destructs, But Nobody Thought That It Would Happen This Fast Photograph Source: Phil Dolby – CC BY 2.0 Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. […]
The Inflation Blame Game
The Inflation Blame Game Now inflation is Russia’s fault. Or is it greedy businesses pushing up prices? Maybe a combination of the two. It seems that government officials and central bankers are looking everywhere for a place to pin the blame for inflation except the one place they need to look — in the mirror. […]
#223. Trading with the (common) enemy
#223. Trading with the (common) enemy THE SHARED CONSEQUENCES OF RESOURCE CONSTRAINTThe tragedy unfolding in Ukraine, as well as being horrific in itself, has brought us face-to-face with a brutal fact whose reality we’ve always, hitherto, managed to ignore. This fact is that the world has become accustomed to a standard of living that its energy resources […]
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station Speculators are reacting to other speculators who are reacting to whatever. Sunday night, crude oil WTI futures, as soon as trading started, spiked to $130.50 a barrel, the highest since July 2008. Maybe it was just […]
What If It Breaks?
What If It Breaks? Making your entire economy a Landfill Economy dependent on the fantasy of infinite replacements and substitutions is the height of hubris and folly. Very few people ask: what if it breaks? It’s a question we can ask of a great many things: touchscreens, motherboards, tools, vehicles, supply chains and entire systems: what if it […]
Food Crisis About To Get Worse After China Says Winter Wheat Condition Could Be Worst In History
Food Crisis About To Get Worse After China Says Winter Wheat Condition Could Be Worst In History The condition of China’s winter wheat crop could be the “worst in history,” the agriculture minister said on Saturday according to Reuters, raising concerns about grain supplies in the world’s biggest wheat consumer. Speaking to reporters on the sidelines […]
