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Tag Archives: price inflation
Is the United Kingdom on the Road to Economic Collapse?
Is the United Kingdom on the Road to Economic Collapse? There’s trouble across the pond and it’s only going to get worse as winter quickly approaches. While it’s most fashionable to talk about the dire economic situation currently taking place in the US, the situation in Europe is so much worse. There are talks of […]
Hyperinflation Hits Europe
Hyperinflation Hits Europe
Angry Customers Demand Explanation As German Energy Bills Soar
Angry Customers Demand Explanation As German Energy Bills Soar Utilities in Germany have had to handle a surge in customer service calls in recent weeks from clients angry or desperate about their sky-rocketing energy bills, Reuters reports. The biggest utility, E.ON, has ramped up its capacity to handle calls from consumers who are shocked to find […]
Europe Cannibalized
Europe Cannibalized Abandoned industrial building. Image credit: Pixabay Europe is in the process of losing its industry. It didn’t start this year, it was already going on for decades now. However, in 2022 the process has switched from a long slow grind to a considerably higher gear. Energy is the economy. This is the key point in […]
IMF Chief: Harsh Winter May Spark Social Unrest In EU Amid Energy Crisis
IMF Chief: Harsh Winter May Spark Social Unrest In EU Amid Energy Crisis A number of countries in Europe may experience social unrest if the upcoming winter is harsh amid an economic crisis, the head of the International Monetary Fund (IMF) warned on Wednesday. “There is certainly fear of recession in some countries, or even if it is not […]
‘Worst Yet to Come’ as Global Civil Unrest Index Hits All-Time High
An opposition activist shouts slogans holding up bread as he protests along with others against rising living costs, at the entrance of the president’s office in Colombo on March 15, 2022. (Photo: Ishara S. Kodikara/AFP via Getty Images) ‘Worst Yet to Come’ as Global Civil Unrest Index Hits All-Time High “Over the coming months, governments […]
Fed Paper Admits the Central Bank Can’t Control Inflation; Finger-Points at Federal Government
Fed Paper Admits the Central Bank Can’t Control Inflation; Finger-Points at Federal Government It appears somebody at the Federal Reserve has figured out that the central bank can’t tame inflation, so it’s setting up a scapegoat – Uncle Sam. A paper co-authored by Leonardo Melosi of the Federal Reserve Bank of Chicago and John Hopkins University […]
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches
“How In The Name Of God”: Shocked Europeans Post Astronomical Energy Bills As ‘Terrifying Winter’ Approaches Over the past week, shocked Europeans – mostly in the UK and Ireland – have been posting viral photos of shockingly high energy bills amid the ongoing (and worsening) energy crisis. Several of the posts were from small business owners who […]
Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying
Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the US economy is crashing but the global collapse will be even more terrifying. _____ […]
“This Is Beyond Imagination”: Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter
“This Is Beyond Imagination”: Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter Several weeks ago we reported that amid Europe’s mindblowing gas and electricity prices, Deutsche Bank predicted that a growing number of German households will be using firewood for heating, a forecast which appears to have become self-fulfilling as German google searches for firewood […]
European Natural Gas Prices Are 6 Times Higher Than Last Year, And This Is Sparking Widespread Civil Unrest All Over Europe
European Natural Gas Prices Are 6 Times Higher Than Last Year, And This Is Sparking Widespread Civil Unrest All Over Europe This is going to be a bitterly cold winter for a whole lot of people. In particular, things are likely to get really uncomfortable in Europe. Soaring energy prices and concern about potential shortages […]
The Fed Can’t Stop Supply-Side Inflation
The Fed Can’t Stop Supply-Side Inflation The Fed and other central banks have zero control of supply-driven inflation, period. America’s financial punditry is bewitched by four fatal fantasies: 1. Inflation is demand-driven. If the Federal Reserve (or other central banks) reduce demand with monetary tools like raising interest rates, inflation will cool. 2. Substitution of […]
Belgian PM Warns “Next 5-10 Winters Will Be Difficult” As Energy Crisis Worsens
Belgian PM Warns “Next 5-10 Winters Will Be Difficult” As Energy Crisis Worsens Belgian Prime Minister Alexander De Croo might have spilled the beans about the duration of Europe’s energy crisis. He told reporters Monday, “the next 5 to 10 winters will be difficult.” “The development of the situation is very difficult throughout Europe,” De Croo told […]
The Pause…
The Pause… I have frequently described “Project Zimbabwe” as a highly inflationary cycle where both fiscal and monetary stimulus go into insanity mode. While I sincerely hope we don’t go hyperinflationary like Zimbabwe, I certainly think we see an elongated period of substantial and debilitating inflation. When this cycle finally ends, society and our financial […]
Winter is Coming for the UK
Winter is Coming for the UK The outlook for the UK looks increasingly grim. There are few reasons to hope a new government can reverse the mounting consumer fears, stagflation and the growing sense of decline. “Tell them the North remembers. Tell them Winter is Coming.” This morning. The outlook for the UK looks increasingly grim. […]
