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Germany is preparing for a potential disruption of natural gas supply from Russia and activated an emergency plan on Wednesday, ahead of the Thursday deadline Vladimir Putin has ordered for gas-for-ruble payments.
"Governments have a very clear understanding that there is a clear link between diesel and GDP, because almost everything that goes into and out of a factory goes using diesel," the director general of Fuels Europe, part of the European Petroleum Refiners Association, told Reuters this week.
Investors and Institutions are not prepared for the massive changes coming in the future. They still cling to a strategy of investing that is now... DEAD. Unfortunately, they don't know it yet. Due to the coming Energy Cliff, investors will be forced to move into precious metals to protect wealth...
Rising global inflation has been another factor supporting gold this year; in particular, US consumer prices have witnessed an accelerating uptrend in early 2022, sending the annual inflation rate to a four-decade high. Gold coin and bar demand has been strong over the last couple of years...
The best information is that the war in Ukraine will last longer than most expect, will produce supply chain disruptions and will amplify the inflation that’s already present. In the end, Putin will prevail in Ukraine, while the Ukrainian people and Western consumers will pay the heaviest price.
U.S. officials have accused China of signaling "willingness" to provide military and economic aid to Russia, while President Joe Biden has compared the invasion of Ukraine to China's crushing of protests in Tiananmen Square in 1989.
Inflation in Spain hit a 37-year high in March, rising to 9.8% over the past year as consumer prices have soared worldwide.
Five of China's largest banks have said the country's lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate industry.
Forbes: The Fed Doesn’t Know How To Fight Inflation and We’re In for a Bout of Economic MalpracticeMar 30, 2022 - 12:02:35 PDT
Steve Forbes, chairman and CEO of Forbes Media: The worst inflation in 40 years has belatedly spurred the Federal Reserve to embark on a series of interest rate hikes. The only problem with that plan is that it won’t work.
Yield curve inversion has predicted every recession in the past 60 years...
Pachal provided the insight one day after Ronin Network announced a loss of over $625 million in USDC and ether, CoinDesk reported, noting that the hack impacted Ronin Network validator nodes for the publishers of the popular Axie Infinity game, Sky Mavis, and the Axie DAO.
Dem Coalition Urges Biden To Stop Escalating Over Ukraine, 'Maximize' Diplomacy InsteadMar 30, 2022 - 11:53:50 PDT
The coalition pointed out that "an extended war in Ukraine would carry enormous costs for the Ukrainian people" as well as "enormous risks to human and environmental well-being around the world," including the possibility of nuclear catastrophe, severe economic losses, food insecurity, and political instability.
Among respondents, 59 percent said they now worry “a great deal” about the cost of living, which is at levels not seen since 1985.
The U.N. food chief on Tuesday warned that Russia’s Ukraine invasion will have a global impact “beyond anything we’ve seen since World War II” and that the war has created “a catastrophe on top of a catastrophe.”
Mar 30, 2022 - 09:07:01 PDT
President Joe Biden recently warned of an upcoming food shortage. That eventuality appears to be on the table, although much depends on how good or bad of a crop farmers harvest in 2022.
BlackRock President Says ‘Entitled Generation’ Now Learning About ShortagesMar 30, 2022 - 08:59:39 PDT
BlackRock Inc. President Rob Kapito warned that inflation is having dramatic effects on the economy, with an entire generation now learning what it means to suffer from shortages.
Mar 30, 2022 - 08:55:50 PDT
Joe Manchin keeps saying out loud the part that Joe Biden would rather keep quiet.
Despite advocates' utopic promises, real-world examples of socialism (including the Soviet Union, Venezuela, and North Korea) show a marked decline in average living standards.
There's an obvious reason for that, the economist Ludwig von Mises observed.
Bernie Sanders Just Proposed a 95% Business Tax. Here’s Why That’s So AbsurdMar 30, 2022 - 08:53:13 PDT
Bernie Sanders just unveiled a proposal for a 95 percent tax—yes, 95 percent!—on business profits above their pre-pandemic levels. This comes as part of his larger attempt to blame corporate greed and 'price-gouging' for inflation.
The pattern here is clear. Americans are fleeing highly-regulated, highly taxed areas and flocking to freer states.