ECONOMY
“A Shortage Of Nearly Everything” Is Coming If The War Does Not End Soon – In South Korea, People Are Already Panic-Buying Trash Bags
Even the mainstream media is now openly admitting that shortages are coming. But right now I am seeing so much apathy about the war in the Middle East and the global supply chain disruptions that are happening right in front of our eyes. So many people seem to be convinced […]
“The Everything Meltdown”: Global Supply Chains Are Collapsing And Most People Cannot Even Imagine The Pain That Is Coming
When global supply chains collapse, the pain is not felt immediately. Tankers that left their destinations before the war with Iran began are still arriving at their destinations, products that were manufactured prior to the war still fill our shelves, and we are still eating food that was produced last […]
France Moves Its Gold Home as the Sovereign Debt Crisis Quietly Unfolds
The Bank of France has just completed a major restructuring of its gold reserves, selling 129 tonnes of gold previously stored at the Federal Reserve Bank of New York and replacing it with newly refined, internationally compliant bullion now held entirely within its vaults in Paris. This operation represented roughly 5% of […]
Widespread Rationing And Global Energy Shortages Are Baked In No Matter When The War Ends Now
It is difficult to believe the pace at which global events are now moving. Apocalyptic threats are being thrown around recklessly and severe damage is being done to the global economic system every single day. A lot of people still seem to think that economic conditions will snap back to […]
Not Your Grandfather’s Stagflation
It was pretty obvious even before February 28th that the US economy was grinding to a halt, even as inflation was already working up a head of steam. But then came war. We are going to get a globe-shaking economic conflagration erupting from the void that was the Persian Gulf […]
The Market Law Of One Price—How The Donald Bombed Energy Consumers, Too
The Donald plunged into one hell of a hornets nest when he took the bait from Bibi Netanyahu and launched an all out “kinetic” war on Iran (as distinguished from the brutal economic war Washington has been waging for decades). But now that the gasoline pump price has breached $4/gallon […]
The Hormuz Hype: How Europe Got Played at the Oil Casino
Europe’s oil shock was sold as a tragic consequence of the war on Iran and chaos in the Strait of Hormuz. The story was simple. Blame Tehran, blame geography, tell Europeans there was no choice but to pay. Yet official documents quietly admit that the EU’s direct dependence on Hormuz is limited and that […]
Florida Wins, New York Loses: The $20 Billion Migration Shift
The latest IRS data makes one thing clear. The United States is undergoing a massive redistribution of wealth between states, and it is being driven almost entirely by tax policy. California lost $11.9 billion and New York lost $9.9 billion in income in a single year, while Florida gained $20.6 billion. […]
The “Good News” Is Always the Same: the Stock Market Is Up–Until It Isn’t
Cloaking a fake “market” with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they […]
The Economic Damage Caused By This War Will Stretch To The End Of The Decade, And Shortages Will Go Way Beyond Oil, Gas And Fertilizer
Even if the Strait of Hormuz opened tomorrow, and that is certainly not going to happen, we are being warned that the economic impact of this war will be felt all the way through the end of this decade. A lot of energy infrastructure has already been destroyed during this […]
