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Tag: inflation

Triple-Digit Inflation Coming to USA if Saudi Arabia Dumps Petrodollar

Triple-Digit Inflation Coming to USA if Saudi Arabia Dumps Petrodollar

In recent weeks, a number of indicators have appeared that warn of impending financial trouble. Last week the International Monetary Fund released a new Global Financial Stability Report that warns that a series of cascading shocks endanger global financial stability. The IMF said the health of the global financial system had materially worsened since last year’s report. Nearly every central bank in the world is raising interest rates after years of negative rates. Billionaire Ray Dalio said the US economy…

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All eyes are on Britain

All eyes are on Britain

There were some very interesting comments from a guest on the Duran today.  He talks about how Liz Truss and the entire political class are totally out of touch with the British public and totally useless. He paints a picture of what it is like in Britain today. He talks about the roots of the current conflict, including inflation.  He makes the very relevant point that the public are dumbed down and entirely unaware and disinterested in the important things…

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Runaway Inflation Is About To Collapse The US Economy w/ Peter Schiff

Runaway Inflation Is About To Collapse The US Economy w/ Peter Schiff

Jimmy Dore Show Peter Schiff predicted the 2008 financial crisis, he predicted the spiraling inflation we’re experiencing, and now he’s predicting a widespread economic collapse in the United States that will dwarf anything we’ve witnessed before. Decades of lying and out-of-control borrowing, the government and the Fed have delayed the inevitable, but the bill is now coming due, Schiff tells Jimmy, and the reckoning is going to be ugly.

JPMorgan Chase CEO: Brace for Severe Economic Hurricane

JPMorgan Chase CEO: Brace for Severe Economic Hurricane

All of us are experiencing sticker shock at our local grocery stores. Farmers say we’ve only seen the beginning of massive price jumps in food costs. Typically, the inflation farmers pay today doesn’t show up in the grocery stores for 6 to 12 months. For example, fertilizer prices have jumped 133% over last year. Diesel fuel is selling for record-high prices. Those costs will be passed on to consumers as food products work their way through the supply chain. Some…

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GERMAN € INFLATION AT 33.5%

GERMAN € INFLATION AT 33.5%

This is the producer price index, not the consumer price index. It will take some before the higher prices reach consumers. https://www.investing.com/economic-calendar/german-ppi-739

The Bank of England’s apocalyptic warning

The Bank of England’s apocalyptic warning

Bank of England chief Andrew Bailey issues ‘apocalyptic’ warning about food prices and admits he is ‘helpless’ to do anything about inflation… while urging Britons NOT to ask for pay rises Governor Andrew Bailey reveals how further food inflation is a ‘major worry’  Bank of England chief warns problems linked to Ukraine war are ‘getting worse’ He doubles down on claim that workers should not be demanding big pay rises The Bank of England chief today issued an ‘apocalyptic’ warning about soaring food…

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Not for little Hobbits

Not for little Hobbits

For the 10 years of this blog I have been talking about the slow collapse of New Zealand and the total denial as well as the housing bubble that finally seems to be bursting. As the world sinks into recession/depression and moves towards global famine and war there is total denial from the NZ media, shown by Newshub’s headlines for today. Dig a bit deeper and you will find articles that could have come from Pravda that indicate all is…

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Economic collapse news – 2 May, 2022

Economic collapse news – 2 May, 2022

New Record for Diesel Fuel Prices A new record has been set for national truck stop retail diesel at $5.28/gallon ($.81/mile). An owner-operator doing 7000 miles per month and getting 6.5 MPG would have seen their fuel bill jump $1800/month since the start of the year. This staggering price for diesel fuel will result in massive price increases for . . . . everything . . . because literally E V E R Y T H I N G, except…

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In New Zealand in some regions it is illegal to plant new ground in vegetables

In New Zealand in some regions it is illegal to plant new ground in vegetables

This is an interview on NZ television with an award-winning vegetable grower on the problems growers are facing, in terms of both cost and regulation in growing food and getting it to the market. He says it is a problem that has been brewing for the last 5 years or so. There were warnings back then that the changes made by government would bring the very food prices we are seeing. He points out: The cost of production has been…

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Russia: Inflation and sanctions

Russia: Inflation and sanctions

Has Russia judo-chopped western sanctions? Economic observations from a Moscow suburb Edward Slavsquat A strong, confident ruble handing out coupons for 2-for-1 taco specials. Source: Bank of Russia By now you are probably familiar with the hottest new TikTok trend, “destroy your economy to show solidarity with Ukraine.” Why are western nations doing this? They must be very bored. But it would be unwise to underestimate the consequences of Washington’s economic seppuku (“Putin is rubber, you’re glue, whatever sanctions you…

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