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The Criminalization of Preppers in Turkey: Will Our Country Be Next?
The Criminalization of Preppers in Turkey: Will Our Country Be Next? History has shown us that collectivism detests the individual. The man who can exist independent of the system, who thinks for himself, who is not easily swayed, and who has values rooted in absolute truth which he refuses to give up – this is […]
Intermission: The Machine Stops?
Intermission: The Machine Stops? ‘I have seen the hills of Wessex.’ “The Machine,” they exclaimed, “feeds us and clothes us and houses us; through it we speak to one another, through it we see one another, in it we have our being. The Machine is the friend of ideas and the enemy of superstition: the […]
Shortages & Hyperinflation Lead to Total Misery
SHORTAGES & HYPERINFLATION LEAD TO TOTAL MISERY At the end of major economic cycles, shortages develop in all areas of the economy. And this is what the world is experiencing today on a global basis. There is a general lack of labour, whether it is restaurant staff, truck drivers or medical personnel. There are also […]
“People Are Hoarding” – Supermarkets Are The Next Supply Chain Crunch As Food Shortages Persist
“People Are Hoarding” – Supermarkets Are The Next Supply Chain Crunch As Food Shortages Persist It’s been 19 months since the virus pandemic began, and supply chain disruptions continue, making it more difficult for customers to find their favorite item at supermarkets nationwide. Simultaneously, the psychology of empty store shelves and President Biden’s inability to […]
IHS Market Warns Of “Armageddon” For US Propane Market
IHS Market Warns Of “Armageddon” For US Propane Market The expanding energy crisis is causing propane to rocket higher (read: here) as supplies dwindle to below seasonal levels as research firm IHS Markit Ltd. warns of “armageddon” during the Northern Hemisphere winter. IHS analyst Edgar Ang told attendees during a virtual presentation on Tuesday that US […]
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script Industrial production over the long term is a sad sight, powered by offshoring. Industrial production – manufacturing output, oil-and-gas extraction, mining, and gas and electric utilities – fell 1.3% in September from August, pushed down by production […]
Not Getting Better: Relentless Retail Inventory Squeeze amid Shortages & Supply Chain Chaos
Not Getting Better: Relentless Retail Inventory Squeeze amid Shortages & Supply Chain Chaos Holiday selling season is going to be a mess: Look not for what you want but for what the store has. The holiday selling season is approaching, and a whole litany of weird shortages is ricocheting through the economy. Stuff suddenly gets […]
Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense
Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and […]
Things do not have to run out for their scarcity to become destabilizing
Things do not have to run out for their scarcity to become destabilizing Economic cornucopians who believe “innovation” and “substitution” will solve every constraint on the resources needed for modern civilization use a clever piece of misdirection to deflect the arguments of those concerned about limits. These cornucopians say that the claim by the limits crowd that […]
What then are we to become?
What then are we to become? According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the UK […]
A crisis of affordability
A crisis of affordability Western capitalist economies don’t really do shortages. There are a few stand alone exceptions such as a music festival or a sporting event, where demand so outstrips supply that queues form. But for the most part – as we saw last week with the eye-watering rise in wholesale gas prices – […]
The Harsh Truth Behind Europe’s Energy Crisis
The Harsh Truth Behind Europe’s Energy Crisis Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the […]
The march of folly
The march of folly It is of some interest that people have been contrasting images of British petrol queues this weekend with the petrol queues which formed back in 1973 as a result of the OPEC oil embargo. Not least because a more accurate comparison is with the fuel protests in September 2000. That is, […]
Soaring energy prices in Europe are forcing U.K. factories to shut down
Soaring energy prices in Europe are forcing U.K. factories to shut down Europe is facing an extreme squeeze for energy supplies, with gas and power prices breaking records day after day Europe’s energy crunch has forced a major fertilizer maker to shut down two U.K. plants, the first sign that a record rally in gas […]
Panic Hoarding Gasoline Begins As UK Plunges Towards “Winter Of Discontent”
Panic Hoarding Gasoline Begins As UK Plunges Towards “Winter Of Discontent” One day after oil giant BP warned about rationing gasoline and diesel at UK service stations, Brits began to panic buy fuel as the government tried to calm fears. Lines of cars and trucks are spilling over into the streets at service stations across the country. […]
