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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 are causing anxiety all over the continent, and widespread protests have already started to take place.  The cost of living has become extremely painful for those on the bottom of the economic food chain, and people want their governments to do something.  Of course this is what always happens when nations embrace socialism.  There is an expectation that those in charge will solve any and every problem, but this time around the limitations of the socialists running Europe will become very clear.

Thanks to the war in Ukraine and a number of other factors, the price of natural gas in Europe is now approximately six times higher than it was last year…

European natural gas prices are taking a breather amid further signs that soaring energy costs are crippling economic output, heaping pressure on politicians to resolve the crisis with winter just a few months away.

Benchmark futures retreated after settling at a record high on Monday. Prices are still about six times higher than they were at this time last year, with the panic spreading across nations ahead of peak winter demand.

Needless to say, many in Europe are being completely stunned by the size of their energy bills, and a massive backlash has been brewing.

In fact, we are already starting to see very large protests in a number of different countries

…click on the above link to read the rest of the article…

A Horrifying Drought Is Causing Widespread Crop Failures Throughout The United States And Europe

A Horrifying Drought Is Causing Widespread Crop Failures Throughout The United States And Europe

We really are reaching a major crisis point.  Thanks to soaring fertilizer prices, insane weather patterns and the war in Ukraine, global food supplies have been getting tighter and tighter.  So we really needed a banner year for agricultural production in both the United States and Europe in 2022, and that is not going to happen.  In fact, unprecedented drought is absolutely devastating crops all over the northern hemisphere.  A lot of people are complaining about how high food prices are right now, but just wait.  If some sort of a miracle doesn’t happen, agricultural production is going to be way below expectations in both the United States and Europe, and that is going to have very serious implications for 2023.

Let me start by talking about the nightmare that is starting to unfold in Europe.

According to CNN, it is now being projected that farmers in Italy have lost “up to 80% of their harvest” because the drought has become so severe…

In Italy, farmers in some parts of the country have lost up to 80% of their harvest this year due to severe weather anomalies, the Coldretti farming association said Thursday.

How are those farmers going to survive?

Many farmers in France are facing similar losses because they have only been receiving a fraction of the rainfall that they normally get…

In France, where an intense drought has hammered farmers and prompted widespread limits on freshwater use, there was just 9.7 millimetres (0.38 inches) of rain last month, Meteo France said.

That was 84 percent down on the average levels seen for July between 1991 and 2022, making it the driest month since March 1961, the agency added.

Crop failures in France would be a really, really big deal, because France is normally “the fourth-largest exporter of wheat” in the entire world…

…click on the above link to read the rest of the article…

We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis

We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis


How would you feel if your power bill went up by 50 percent this winter?  How about 100 percent?  Unfortunately, these kinds of price increases are already being announced.  The world was heading into a major energy crisis even before the war in Ukraine started, and now that conflict threatens to create an extremely severe energy crunch that would have been unimaginable just a couple of years ago.  If some sort of a miracle doesn’t happen, it is going to be a really, really cold winter for countless people in the western world.

The Russians have been trying to use energy as leverage, and on Monday they announced that the amount of natural gas flowing through the Nord Stream 1 pipeline will be reduced “to just 20% of its capacity”

The Biden administration is working furiously behind the scenes to keep European allies united against Russia as Moscow further cuts its energy supplies to the European Union, prompting panic on both sides of the Atlantic over potentially severe gas shortages heading into winter, US officials say.

On Monday, Russia’s state-owned gas company Gazprom said it would cut flows through the Nord Stream 1 pipeline to Germany in half, to just 20% of its capacity. A US official said the move was retaliation for western sanctions, and that it put the West in “unchartered territory” when it comes to whether Europe will have enough gas to get through the winter.

In essence, Vladimir Putin is “turning the screws”, and it may just be a matter of time before he cuts off the gas completely.

The Europeans never should have allowed themselves to become so dependent on Russian energy, and now a major crisis is staring them in the face.

Last Wednesday, a modest rationing plan for the member states of the EU was introduced

…click on the above link to read the rest of the article…

We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis

We Are Going To See Energy Prices Go Absolutely Nuts This Winter Just As We Plunge Into A Horrifying Global Economic Crisis


How would you feel if your power bill went up by 50 percent this winter?  How about 100 percent?  Unfortunately, these kinds of price increases are already being announced.  The world was heading into a major energy crisis even before the war in Ukraine started, and now that conflict threatens to create an extremely severe energy crunch that would have been unimaginable just a couple of years ago.  If some sort of a miracle doesn’t happen, it is going to be a really, really cold winter for countless people in the western world.

The Russians have been trying to use energy as leverage, and on Monday they announced that the amount of natural gas flowing through the Nord Stream 1 pipeline will be reduced “to just 20% of its capacity”

The Biden administration is working furiously behind the scenes to keep European allies united against Russia as Moscow further cuts its energy supplies to the European Union, prompting panic on both sides of the Atlantic over potentially severe gas shortages heading into winter, US officials say.

On Monday, Russia’s state-owned gas company Gazprom said it would cut flows through the Nord Stream 1 pipeline to Germany in half, to just 20% of its capacity. A US official said the move was retaliation for western sanctions, and that it put the West in “unchartered territory” when it comes to whether Europe will have enough gas to get through the winter.

In essence, Vladimir Putin is “turning the screws”, and it may just be a matter of time before he cuts off the gas completely.

The Europeans never should have allowed themselves to become so dependent on Russian energy, and now a major crisis is staring them in the face.

…click on the above link to read the rest of the article…

Rationing Has Already Started In Europe As The Entire Globe Plunges Into A Horrific Economic Nightmare

Rationing Has Already Started In Europe As The Entire Globe Plunges Into A Horrific Economic Nightmare

If countries in Europe are already beginning to ration certain things due to “supply problems”, how long will it be before it starts happening in the United States?  Up until the past couple of years, many of us in the western world always considered shortages to be something that only “unsophisticated” poor countries on the other side of the planet had to deal with.  But the last couple of years have shown us that painful shortages can happen to wealthy countries in the western world too.  At first we were told that they were “just temporary”, but the months went by and we just kept having more shortages.  In fact, in 2022 “supply problems” have become so serious that many supermarkets in Europe have been forced to strictly ration essential items at various times.  For example, it was being reported that due to the war in Ukraine flour, sunflower oil and sugar were all being rationed by stores in Greece

After limiting the sale of some flours and sunflower oil online, Greek supermarkets are turning to rationing the sale of sugar as well, now including in their stores, over supply problems.

The AB Vassilopoulos is setting a maximum limit on the purchase of all brands of corn and sunflower oil and of flour per customer while Mymarket put a ceiling on sunflower oil purchases and Sklavenitis has added sugar to the rationed sales of corn oil through its online store, with a maximum of four packs, the products in high demand from restaurants, some of which said they have to stop selling french fries and other fried foods.

…click on the above link to read the rest of the article…

A Warning About The Coming Shortages Of Diesel Fuel, Diesel Exhaust Fluid And Diesel Engine Oil

A Warning About The Coming Shortages Of Diesel Fuel, Diesel Exhaust Fluid And Diesel Engine Oil

What I am about to share with you is a developing situation, and I hope to share more once the facts become clearer.  It appears that a very serious diesel crisis is coming in the months ahead, and that will have a dramatic impact on our economy.  As you will see below, we are being warned that there will be shortages of diesel fuel, diesel exhaust fluid and diesel engine oil.  Most diesel vehicles require all three in order to run, and so a serious shortage of any of them would be a major disaster.  Needless to say, simultaneous shortages of all three could potentially be catastrophic.  Most Americans don’t spend much time thinking about diesel, but without it our supply chains collapse and we don’t have a functioning economy.  In a recent Time Magazine article discussing the coming diesel fuel shortage, we are told that “the U.S. economy runs on diesel”…

Though most consumers shake their heads at the cost of gasoline and complain about the cost of filling up their car tanks, what they really should be worried about is the price of diesel. The U.S. economy runs on diesel. It’s what powers the container ships that bring goods from Asia and the trucks that collect goods from the ports and bring them to warehouses and then to your home. The farmers who grow the food you eat put diesel in their tractors to plow the fields, and the workers that bring construction equipment to build your home put diesel in their trucks.

Since January, supplies of diesel fuel have been steadily getting tighter.

…click on the above link to read the rest of the article…

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 an unprecedented confluence of factors.  The war in Ukraine, extremely bizarre weather patterns, nightmarish plagues and a historic fertilizer crisis have combined to create a “perfect storm” that isn’t going away any time soon.  As a result, the food that won’t be grown in 2022 will become an extremely severe global problem by the end of this calendar year.  Global wheat prices have already risen by more than 40 percent since the start of 2022, but this is just the beginning.  Meanwhile, we are facing unthinkable diesel fuel shortages in the United States this summer, and as you will see below there are “no plans” to increase refining capacity in this country for the foreseeable future.

If you had told me six months ago that we would be dealing with the worst baby formula shortage in U.S. history in the middle of 2022, I am not sure that I would have believed you.

But that is precisely what we are now facing.  One young couple in Florida searched stores in their area for four hours and couldn’t find anything

When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf.

The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. “We spent over four hours going to every Target, different Walmarts, different grocery stores, just finding absolutely nothing,” Erik Schmidt said.

…click on the above link to read the rest of the article…

Severe Drought And “Dust Bowl Conditions” Threaten To Create A Disastrous Winter Wheat Harvest In The U.S.

Severe Drought And “Dust Bowl Conditions” Threaten To Create A Disastrous Winter Wheat Harvest In The U.S.

Food prices in the U.S. have already been soaring, and now we are on track for an absolutely horrible winter wheat harvest.  Of course this comes at a time when the war on the other side of the globe is going to greatly reduce wheat exports from Russia and Ukraine.  Over the last 12 months, the price of wheat has already risen 69 percent, and now this crisis threatens to go to an entirely new level.  In all my years of writing, I have never seen anything like this, and I am deeply concerned about what the months ahead will bring.

Due to extreme drought, winter wheat is in very bad shape in states such as Kansas, Oklahoma and Texas.  The following comes from one of the most prominent agricultural websites in the entire country…

Some farmers in southwestern Kansas, the top U.S. wheat producing state, have not received much measurable rain or snow since October. Winter wheat is planted in autumn, lays dormant in winter and begins sending up green shoots in spring. Proper soil moisture is critical at this stage for the crop to thrive.

More than half of Kansas was classified as under severe drought or worse as of March 8, the driest conditions since 2018, according to the National Drought Mitigation Center. Severe drought is also covering three-quarters of Oklahoma and more than two-thirds of Texas, both of which also are large wheat producers.

If that sounds really bad, that is because it is really bad.

Farmers are praying for rain, because they desperately need it.

That same article also discussed the fact that winter wheat was severely damaged by a wind storm “that brought ‘Dust Bowl’ conditions to Kansas”

…click on the above link to read the rest of the article…

A Geology Insider Explains Why The Global Energy Crisis Is Going To Get Much, Much Worse

A Geology Insider Explains Why The Global Energy Crisis Is Going To Get Much, Much Worse

It is becoming clear that we are in far more trouble than we are being told.  In recent months, all forms of traditional energy have become significantly more expensive, and this is fueling price increases all over the planet.  This new global energy crisis is directly responsible for the astounding rise in fertilizer prices, it has resulted in a tremendous amount of pain at the pump for millions of average Americans, and since virtually everything that we buy has to be transported it is a major contributing factor to the “inflation boom” that we are currently witnessing.  Unfortunately, this is just the beginning.

I was recently contacted by a geologist that worked in the oil industry for more than a decade.

He patiently explained to me why things aren’t going to be getting any better.

I asked him if I could share some of what he sent to me with all of you, and he agreed.  After reading this, I think that you will agree that it is quite a sobering assessment of the current state of affairs…

I am a geologist who has worked in the oil industry for over ten years. I was just coming out of school in time for the shale revolution and worked in Denver on the Bakken play in North Dakota, and then I worked the Permian out of Midland. These were the two major shale plays, so I have firsthand knowledge. I now teach environmental science for high-schoolers in Amman, Jordan.

…click on the above link to read the rest of the article…

A Farming Insider Has Warned Me That The Coming Food Shortages Are Going To Be FAR WORSE Than We Are Being Told

A Farming Insider Has Warned Me That The Coming Food Shortages Are Going To Be FAR WORSE Than We Are Being Told

The information that I am about to share with you is extremely alarming, but I have always endeavored to never sugarcoat things for my readers.  Right now, there are shortages of certain items in grocery stores across the United States, and food supplies have gotten very tight all over the globe.  I have repeatedly warned that this is just the beginning, but I didn’t realize how dire things have already gotten until I received an email from a farming insider that I have corresponded with over the years.  I asked him if I could publicly share some of the information that he was sharing with me, and he said that would be okay as long as I kept his name out of it.

According to this farming insider, dramatically increased costs for fertilizer will make it impossible for many farmers to profitably plant corn this year.  The following is an excerpt from an email that he recently sent me…

“Things for 2022 are interesting (and scary). Input costs for things like fertilizer, liquid nitrogen and seeds are like triple and quadruple the old prices. It will not be profitable to plant this year. Let me repeat, the economics will NOT work. Our plan, is to drop about 700 acres of corn off and convert to soybeans (they use less fertilizer, and we also have chicken manure from that operation). Guess what? We are not the only ones with those plans. Already there is a shortage of soybean seeds, so we will see how that will work out. The way I see it, there will be a major grain shortage later in the year, especially with corn. I mean, we are small with that…

…click on the above link to read the rest of the article…

Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come

Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come

The term “return to normal” is being thrown around a lot these days, but will things ever truly return to the way that they were before the pandemic came along?  I don’t think so.  From an economic standpoint, an extraordinary amount of lasting damage has been done over the past two years.  A seemingly endless list of major problems has thrown thousands upon thousands of critical supply chains into a complete and utter state of chaos, and this has resulted in some very painful shortages.  For quite a while, the mainstream media kept insisting that the shortages would soon be gone, but now they are being forced to admit the truth.  If you can believe it, NPR has even published a major story about the growing shortages in this country

No, you’re not imagining it. Some grocery store shelves are bare again, conjuring bad memories of spring 2020 for many.

Social media is rife with images of empty supermarket aisles and signs explaining the lack of available food and other items. Stores such as Aldi have apologized to customers for the shortages.

Nobody in the mainstream media ever imagined that the shortages would last this long.

For certain items such as computer chips, the duration of the shortages is now approaching two full years.

Of course fear of Omicron has made things even worse, and one expert interviewed by NPR suggested that supermarkets in the U.S. are now facing a “perfect storm”

“We’re really seeing the perfect storm,” Phil Lempert, editor of the website SupermarketGuru.com, told NPR.

Isn’t it strange how that term just seems to keep popping up all over the place?

…click on the above link to read the rest of the article…

Elon Musk: “Civilization Is Going To Crumble”

Elon Musk: “Civilization Is Going To Crumble”

Even billionaires like Elon Musk can see that the current state of affairs is completely and utterly unsustainable.  If we stay on the path that we are on, and there are absolutely no indications that we plan to reverse course, societal collapse is inevitable.  In fact, as I detail on a regular basis, societal collapse has already begun all around us.  Unfortunately, most people still can’t bring themselves to admit that it is actually happening.

I don’t always agree with everything that Elon Musk does or says, but he is certainly a very interesting guy.

He is not afraid to anger the establishment, and he often expresses opinions which run counter to the dominant narratives of our day.

For example, he just told the Wall Street Journal that our declining birth rates are “one of the biggest risks to civilization”

“There are not enough people,” Musk told a Wall Street Journal event Monday. “I can’t emphasize this enough, there are not enough people,” he said.

The tech billionaire said low and rapidly declining birth rates are “one of the biggest risks to civilization.”

Without a doubt, birth rates are certainly dropping quite precipitously.

In fact, here in the United States the birth rate is at an all-time record low, and every single U.S. state has now dropped below replacement level.

In other words, if birth rates do not start rising we will soon see our population steadily shrink.

We are witnessing similar trends all over the globe right now, and this deeply alarms Musk.  He believes that if birth rates do not start going back up, “civilization is going to crumble”

Musk added that too many “good, smart people” think there are too many people in the world and that the population is growing out of control.

…click on the above link to read the rest of the article…

Before They Were An Inconvenience, But Now The Shortages Are Really Beginning To Sting

Before They Were An Inconvenience, But Now The Shortages Are Really Beginning To Sting

Have you noticed that store shelves are starting to get emptier and emptier?  During the panic shopping that was sparked by the start of the COVID pandemic in 2020, there were very intense shortages of certain items, but those shortages did not last very long at all.  But now there are widespread shortages in just about every sector of our economy, and they are starting to become quite painful.  Unfortunately, we are being told to expect the shortages to intensify as we head into the holiday season.  That is extremely alarming, because in many areas the shortages are already quite severe.

I had been away from the news for a couple of days, and when I came back there were lots more stories about our ongoing shortages.  For example, the following comes from an excellent piece by Matt Stoller

There are shortages in everything from ocean shipping containers to chlorine tablets to railroad capacity to black pipe (the piping that houses wires inside buildings) to spicy chicken breasts to specialized plastic bags necessary for making vaccines. Moreover, prices for all sorts of items, from housing to food, are changing in weird ways. Beef, for instance, is at near record highs for consumers, but cattle ranchers are getting paid much less than they used to for their cows.

In my entire life, I have never seen anything like this.

Even the Federal Reserve is admitting that we have a major problem at this point.  In fact, in the latest Beige Book the Fed referred to the shortages a whopping 80 times.

In certain parts of the country, these shortages are really beginning to sting.  A reader just emailed me about what is going on in his section of Connecticut, and he said that I could share this with all of you…

…click on the above link to read the rest of the article…

The Shortages Are Going To Get Worse Later This Year As Global Supply Chains Increasingly Falter

The Shortages Are Going To Get Worse Later This Year As Global Supply Chains Increasingly Falter

Have you noticed that it is a lot harder to get certain things these days?  Just recently, someone in my local area was surprised when her appointment to get the windshield on her vehicle fixed was canceled because it wasn’t possible to get a replacement windshield.  This was a windshield for a very common vehicle, and normally that wouldn’t be a problem at all.  But these are not normal times.  Thanks to several factors that I will detail in this article, global supply chains are now under more strain than we have ever seen in the post-World War II era, and unfortunately it appears that things are going to get even worse as we approach the holiday season.

I know that most of you probably don’t want to hear that the shortages that we are experiencing now are going to get worse.

So you may be tempted to stop reading this article now because you don’t want to see the bad news.

But it is imperative that you understand what is ahead, and so I urge you to keep reading.

Let’s take this one step at a time.  Right now, local news outlets all over the country are doing stories about the shortages in their local areas.  Here is one example

Have you recently gone to the grocery store and found some of the shelves empty? If so, you aren’t alone.

Many people can’t find some of their favorite and essential items since the pandemic started.

As that article points out, the stores are trying to order the products that they need.

They just can’t get them.

…click on the above link to read the rest of the article…

What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.  We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019…

As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income).

…click on the above link to read the rest of the article…

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