Economic collapse is accelerating; prepare to vomit with fear

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">All part of the great reset. <a href="https://t.co/czptWFuwJP">pic.twitter.com/czptWFuwJP</a></p>&mdash; Inthemainewoods (@Inthemainewoods) <a href="https://twitter.com/Inthemainewoods/status/1549699402599727105?ref_src=twsrc%5Etfw">July 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

SPAM goes on lockdown due to inflation in NYC - https://nypost.com/2022/07/30/spam-g...-to-inflation/

A week never goes by without Biden talking rubbish. He now thinks he gave $8k each to US citizens.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">&quot;Does that make any sense to anybody or is it just me?&quot; <a href="https://t.co/afx7LggBuY">pic.twitter.com/afx7LggBuY</a></p>&mdash; Charlie Spiering (@charliespiering) <a href="https://twitter.com/charliespiering/status/1552739693724418048?ref_src=twsrc%5Etfw">July 28, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

WHAT? Joe Biden Seems To Think He Sent Americans Checks For $8,000 - https://www.thegatewaypundit.com/202...ks-8000-video/

If I recall, prices will rise 77% on October 1 and another whopping increase is planned for early next year.


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">?? 75,000 people have pledged to strike on October 1st! <br><br>If the government &amp; energy companies refuse to act then ordinary people will!<br><br>Together we can enforce a fair price and affordable energy for all.<a href="https://t.co/RYOlAVoLqd">https://t.co/RYOlAVoLqd</a> <a href="https://twitter.com/hashtag/dontpayuk?src=hash&amp;ref_src=twsrc%5Etfw">#dontp ayuk</a> <a href="https://t.co/HeF4RiOVVH">pic.twitter.com/HeF4RiOVVH</a></p>&mdash; Don't Pay. (@dontpayuk) <a href="https://twitter.com/dontpayuk/status/1555583413071101954?ref_src=twsrc%5Etfw">August 5, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Scots are getting the hump about energy bills, so are Italians. German farmers aren't best pleased either.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">This should shock you, horrify you, outrage you. A reader contacted me with this Scottish Gas bill saying that even if they use no gas - ZERO GAS - they will still be charged £136. This is where we are now. It’s happening. Here’s the story <a href="https://t.co/L4hHTXCNWu">https://t.co/L4hHTXCNWu</a> Here’s the bill <a href="https://t.co/WQ9zOzEMSA">pic.twitter.com/WQ9zOzEMSA</a></p>&mdash; NeilMackay (@NeilMackay) <a href="https://twitter.com/NeilMackay/status/1565700768484757504?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Scots burn electricity bills outside Glasgow energy regulator headquarters: &quot;We don't pay!&quot; <a href="https://t.co/IAmP0nnmPJ">pic.twitter.com/IAmP0nnmPJ</a></p>&mdash; RadioGenova (@RadioGenova) <a href="https://twitter.com/RadioGenova/status/1563249361706172418?ref_src=twsrc%5Etfw">August 26, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">🇮🇹🔥📄🔌Italians BURN Their Energy Bills and Amass Outside the Town Hall in Naples<br><br>They sing, &quot;We don't pay the bills! Now it will be chaos!&quot; <a href="https://t.co/V7R8378Y1V">pic.twitter.com/V7R8378Y1V</a></p>&mdash; AZ 🛰🌏🌍🌎 (@AZmilitary1) <a href="https://twitter.com/AZmilitary1/status/1565762102261866496?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">German farmers rise up in Stuttgart, Hamburg, Hanover, Dresden, Würzburg, Mainz and many other cities in Germany. Mass protests against EU climate policies which are destroying the European agricultural sector. It will be a very hot autumn in Europe and beyond. <a href="https://t.co/OVHjt5vubq">pic.twitter.com/OVHjt5vubq</a></p>&mdash; RadioGenova (@RadioGenova) <a href="https://twitter.com/RadioGenova/status/1565014791156109312?ref_src=twsrc%5Etfw">August 31, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Cost of living crisis: Care home provider warns of closures due to rising energy costs

- Claire Rintoul, the chief executive of Sheffcare, told Sky News the company’s winter fuel bills will be 11 times higher than normal. -

Video of her interview here: https://news.sky.com/video/cost-of-l...costs-12687286

Quote:

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Originally Posted by Organ Morgan.

Scots are getting the hump about energy bills, so are Italians. German farmers aren't best pleased either.

This should shock you, horrify you, outrage you. A reader contacted me with this Scottish Gas bill saying that even if they use no gas - ZERO GAS - they will still be charged £136. This is where we are now. It’s happening. Here’s the story https://t.co/L4hHTXCNWu Here’s the bill pic.twitter.com/WQ9zOzEMSA
— NeilMackay (@NeilMackay) September 2, 2022

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Scots burn electricity bills outside Glasgow energy regulator headquarters: "We don't pay!" pic.twitter.com/IAmP0nnmPJ
— RadioGenova (@RadioGenova) August 26, 2022

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

����������Italians BURN Their Energy Bills and Amass Outside the Town Hall in Naples

They sing, "We don't pay the bills! Now it will be chaos!" pic.twitter.com/V7R8378Y1V
— AZ �������� (@AZmilitary1) September 2, 2022

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

German farmers rise up in Stuttgart, Hamburg, Hanover, Dresden, Würzburg, Mainz and many other cities in Germany. Mass protests against EU climate policies which are destroying the European agricultural sector. It will be a very hot autumn in Europe and beyond. pic.twitter.com/OVHjt5vubq
— RadioGenova (@RadioGenova) August 31, 2022

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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You predicted all of this ages ago and people laughed at you. Some are still laughing, but I have noticed a few are finally coming to terms with the impending collapse that is hurtling towards us at full speed.

Energy inflation appears to be the chosen tool to splatter economies to lift the cost of everything and reduce people into a state of penury.

I wouldn't have believed until the Covid crap emerged that all these governments would sacrifice their populations over a country few people really care two fecks about.

Quote:

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Originally Posted by Organ Morgan.

Energy inflation appears to be the chosen tool to splatter economies to lift the cost of everything and reduce people into a state of penury.

I wouldn't have believed until the Covid crap emerged that all these governments would sacrifice their populations over a country few people really care two fecks about.

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Don't forget Event 201 where they rehearsed the whole thing.

I've heard , It’s the End of the World As We Know It , which will become Labour’s manifesto pledge , as they can't think of another one ?

Quote:

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Originally Posted by Organ Morgan.

Energy inflation appears to be the chosen tool to splatter economies to lift the cost of everything and reduce people into a state of penury.

I wouldn't have believed until the Covid crap emerged that all these governments would sacrifice their populations over a country few people really care two fecks about.

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The big problem is Western governments stopped actually doing anything sensible around 20 years ago. Maybe the advent of the internet and instant, short-term soundbites, attention grabbing 'policies' that never worked or materialise, from one election to the next it's been all about headline grabbing and satisfying a public that has developed an ever-diminishing attention span. Want this now, want that now, if don't get it kick up a stink. Energy should have been sorted long term. The ageing population the same. The £6 trillion pension liability [UK], should have been addressed. The trendy approach to food production across Europe. The almost collapse of the [uk] health service. The huge debt mountain of Western democracies. The almost complete cessation of service delivery in the [UK and other nations] civil services and public departments. And it hasn't even begun..

Quote:

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Originally Posted by A Quiet Monkfish

The big problem is Western governments stopped actually doing anything sensible around 20 years ago. Maybe the advent of the internet and instant, short-term soundbites, attention grabbing 'policies' that never worked or materialise, from one election to the next it's been all about headline grabbing and satisfying a public that has developed an ever-diminishing attention span. Want this now, want that now, if don't get it kick up a stink. Energy should have been sorted long term. The ageing population the same. The £6 trillion pension liability [UK], should have been addressed. The trendy approach to food production across Europe. The almost collapse of the [uk] health service. The huge debt mountain of Western democracies. The almost complete cessation of service delivery in the [UK and other nations] civil services and public departments. And it hasn't even begun..

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9/11 was the turning point.

Not to be outdone by their European counterparts
Citizens of Prague have joined the party
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">PRAGUE - Wenceslas Square 70,000 citizens demand the Government resign for working against the people and lower gas and electricity.<br><br>Winter is coming. 🔥<br><br> <a href="https://t.co/PeWNsdtHrn">pic.twitter.com/PeWNsdtHrn</a></p>&mdash; Bernie's Tweets (@BernieSpofforth) <a href="https://twitter.com/BernieSpofforth/status/1566128172172820481?ref_src=twsrc%5Etfw">September 3, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The only place in Europe not seeing what's coming down the pike is the far left in some place called CCMB.

A.T.B
Clandestine

.

Quote:

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Originally Posted by Clandestine

Not to be outdone by their European counterparts
Citizens of Prague have joined the party

PRAGUE - Wenceslas Square 70,000 citizens demand the Government resign for working against the people and lower gas and electricity.

Winter is coming. 🔥

pic.twitter.com/PeWNsdtHrn
— Bernie's Tweets (@BernieSpofforth) September 3, 2022

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The only place in Europe not seeing what's coming down the pike is the far left in some place called CCMB.

A.T.B
Clandestine

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It seems like Johnson's "levelling up" was a misnomer, and the West is actually levelling down!

It looks like Truss has been selected to front the implementation of Blighty's destruction.

The Climate Change Act was brought in 20 years ago which was later updated with a massive commitment to net-zero by 2050. Meeting that target would have to entail closing down manufacturing and to switch production to China, India, etc.

Clues are everywhere indicating the year's been changed to 2030 from 2050 as the hurry-up gathers pace from the 1st of next month

Today's papers are filled with predictive programming discussing the prospect of energy rationing in the UK this winter, or if it's a very cold one, rolling electricity blackouts during January and February.

Previously we were primed to expect the majority of pubs, cafes and restaurants to close their doors for good before long, now we are told to add manufacturers and care homes to the list of businesses who'll be unable to meet their spiralling energy costs.

Quote:

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Originally Posted by Organ Morgan.

It looks like Truss has been selected to front the implementation of Blighty's destruction.

The Climate Change Act was brought in 20 years ago which was later updated with a massive commitment to net-zero by 2050. Meeting that target would have to entail closing down manufacturing and to switch production to China, India, etc.

Clues are everywhere indicating the year's been changed to 2030 from 2050 as the hurry-up gathers pace from the 1st of next month

Today's papers are filled with predictive programming discussing the prospect of energy rationing in the UK this winter, or if it's a very cold one, rolling electricity blackouts during January and February.

Previously we were primed to expect the majority of pubs, cafes and restaurants to close their doors for good before long, now we are told to add manufacturers and care homes to the list of businesses who'll be unable to meet their spiralling energy costs.

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Sorry, what now?

Quote:

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Originally Posted by JamesWales

Sorry, what now?

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You're gonna be fooked if you don't receive any MP's heating expenses :biggrin:

There will be some upsides, though. Food banks will become a growth industry and funeral directors must be rubbing their hands with glee.

For what it's worth, I think the world is going to hell in a handcart. I just don't believe every lunatic theory posted on the internet.

Quote:

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Originally Posted by Taunton Blue Genie

For what it's worth, I think the world is going to hell in a handcart. I just don't believe every lunatic theory posted on the internet.

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Care to make a prediction for when the people of Somerset will rise up?

I suspect Wales' will be among the last, if not the last, to remove themselves from their settees.

Five shillings was at one time often called a dollar in the UK. That was in the days when the pound was worth four US dollars. Now it's worth one dollar and 15 cents.

Pound falls to lowest level against dollar since 1985 - https://www.bbc.co.uk/news/business-62817391

Quote:

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Originally Posted by Taunton Blue Genie

For what it's worth, I think the world is going to hell in a handcart. I just don't believe every lunatic theory posted on the internet.

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Glad that we can agree on something!

(https://www.ccmb.co.uk/showthread.ph...50#post5337950)

Quote:

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Originally Posted by Taunton Blue Genie

For what it's worth, I think the world is going to hell in a handcart. I just don't believe every lunatic theory posted on the internet.

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Exactly, this is the nuance they seem to deliberately fail to understand

Quote:

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Originally Posted by Taunton Blue Genie

For what it's worth, I think the world is going to hell in a handcart. I just don't believe every lunatic theory posted on the internet.

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Quote:

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Originally Posted by delmbox

Exactly, this is the nuance they seem to deliberately fail to understand

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Agree completely. We can all see what is happening - that is not in dispute. The difference of opinion or mindset is around ‘why?’

Worrying times from FT :




Germany’s economy will shrink next year as soaring energy costs caused by Russia’s throttling of gas supplies reduce disposable income and consumers rein in their spending, according to a leading think-tank.

The Ifo think-tank in Munich warned that the recent surge in electricity and gas prices was “wreaking havoc” on the German economy and would lead to a 0.3 per cent decline in gross domestic product next year — a marked deterioration from an estimate of 3.7 per cent growth, made in June.

The main cause was the expected “decline in private consumer spending” triggered by energy suppliers “markedly adjusting their electricity and gas prices in the light of high procurement costs, especially at the beginning of 2023,” said Ifo.

The downgrade underlines the mood of mounting pessimism about the eurozone’s largest economy.

Last week, the Kiel Institute for the World Economy, another think-tank, slashed its forecast for German GDP next year by 4 percentage points to minus 0.7 per cent, warning: “With the high import prices for energy, an economic avalanche is rolling towards Germany.”

German deputy finance minister Florian Toncar on Monday warned of an “increasing risk of stagflation” in the country, telling the VVW insurance sector publication: “We are experiencing supply-chain problems, production bottlenecks and price increases the likes of which we haven’t seen in decades.”

The government in Berlin recently announced a €65bn relief package to cushion the impact of the energy crisis on households, but Ifo said this would “fall far short of offsetting” the blow to household disposable income, which it predicted would drop sharply.

German inflation would average 9.3 per cent next year, up from 8.1 per cent this year, said Ifo, predicting consumer price growth would peak at 11 per cent in the first quarter, which would be a 70-year high.

Contrary to the video's title, we can see it's a deliberate and highly organised economic demolition.

https://www.youtube.com/watch?v=94Sd-bRhCNo

Here's another element of the take down.

Massive rail strike next week could deal another blow to America’s economy - https://edition.cnn.com/2022/09/09/e...ike/index.html

- The looming possibility of a strike by unions representing more than 90,000 workers at the nation’s freight railroads has businesses nationwide worried. The unions are poised to go on strike on September 16, a move that could bring nearly 30% of the nation’s freight to a grinding halt, according to data from the Bureau of Transportation Statistics. -

How a railroad strike could send food prices soaring - https://thehill.com/policy/3636564-h...rices-soaring/

In a country as educated, technologically capable and civilised as Germany is it takes a lot of time and effort to make things collapse the way they are with virtually no pushback.

Ditto in the UK, US, France, etc, by a process of decades of relentless dumbing-down, undermining the nuclear family, ensuring the easy availability of drugs to weaken communities and society aided with the importation of millions under the guise of cultural enrichment, the offshoring of industries, accumulation of humongous debts, abortion and divorce on demand, the promotion of feminism and normalising arse banditry and degenerate porn just a few mouse clicks away.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">🇩🇪&quot;We have the stupidest government in Europe&quot;<br><br>Member of the German Parliament (Bundestag) Sarah Wagenknecht demanded the lifting of anti-Russian sanctions &amp; the resignation of Deputy Prime Minister Habek.<br><br>She stated that Germany would not be able to do without Russian energy⤵️ <a href="https://t.co/H4s7akN4Nd">pic.twitter.com/H4s7akN4Nd</a></p>&mdash; Seeji Sundarakshan (@Sseeji) <a href="https://twitter.com/Sseeji/status/1568236638589038595?ref_src=twsrc%5Etfw">September 9, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Trump made some outrageous claims about German energy at the UN — and the German delegation’s reaction was priceless <a href="https://t.co/izpa2fKC3B">pic.twitter.com/izpa2fKC3B</a></p>&mdash; NowThis (@nowthisnews) <a href="https://twitter.com/nowthisnews/status/1044740334306058241?ref_src=twsrc%5Etfw">September 26, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Quote:

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Originally Posted by life on mars

Worrying times from FT :

Germany’s economy will shrink next year as soaring energy costs caused by Russia’s throttling of gas supplies reduce disposable income and consumers rein in their spending, according to a leading think-tank.

The Ifo think-tank in Munich warned that the recent surge in electricity and gas prices was “wreaking havoc” on the German economy and would lead to a 0.3 per cent decline in gross domestic product next year — a marked deterioration from an estimate of 3.7 per cent growth, made in June.

The main cause was the expected “decline in private consumer spending” triggered by energy suppliers “markedly adjusting their electricity and gas prices in the light of high procurement costs, especially at the beginning of 2023,” said Ifo.

The downgrade underlines the mood of mounting pessimism about the eurozone’s largest economy.

Last week, the Kiel Institute for the World Economy, another think-tank, slashed its forecast for German GDP next year by 4 percentage points to minus 0.7 per cent, warning: “With the high import prices for energy, an economic avalanche is rolling towards Germany.”

German deputy finance minister Florian Toncar on Monday warned of an “increasing risk of stagflation” in the country, telling the VVW insurance sector publication: “We are experiencing supply-chain problems, production bottlenecks and price increases the likes of which we haven’t seen in decades.”

The government in Berlin recently announced a €65bn relief package to cushion the impact of the energy crisis on households, but Ifo said this would “fall far short of offsetting” the blow to household disposable income, which it predicted would drop sharply.

German inflation would average 9.3 per cent next year, up from 8.1 per cent this year, said Ifo, predicting consumer price growth would peak at 11 per cent in the first quarter, which would be a 70-year high.

---

I know it's only a coincidence, but the WEF seem to be benefitting the most from Putin's actions, and without him I don't think the great reset would be possible.

Quote:

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Originally Posted by Organ Morgan.

In a country as educated, technologically capable and civilised as Germany is it takes a lot of time and effort to make things collapse the way they are with virtually no pushback.

Ditto in the UK, US, France, etc, by a process of decades of relentless dumbing-down, undermining the nuclear family, ensuring the easy availability of drugs to weaken communities and society aided with the importation of millions under the guise of cultural enrichment, the offshoring of industries, accumulation of humongous debts, abortion and divorce on demand, the promotion of feminism and normalising arse banditry and degenerate porn just a few mouse clicks away.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">����"We have the stupidest government in Europe"<br><br>Member of the German Parliament (Bundestag) Sarah Wagenknecht demanded the lifting of anti-Russian sanctions & the resignation of Deputy Prime Minister Habek.<br><br>She stated that Germany would not be able to do without Russian energy⤵️ <a href="https://t.co/H4s7akN4Nd">pic.twitter.com/H4s7akN4Nd</a></p>— Seeji Sundarakshan (@Sseeji) <a href="https://twitter.com/Sseeji/status/1568236638589038595?ref_src=twsrc%5Etfw">September 9, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Trump made some outrageous claims about German energy at the UN — and the German delegation’s reaction was priceless <a href="https://t.co/izpa2fKC3B">pic.twitter.com/izpa2fKC3B</a></p>— NowThis (@nowthisnews) <a href="https://twitter.com/nowthisnews/status/1044740334306058241?ref_src=twsrc%5Etfw">September 26, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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If you know about her background it's no surprise that Sarah Wagenknecht takes such a stance on Russia.

The German government appeared hell bent upon committing economic suicide since the February day Russia invaded Ukraine when they decided it was a great idea to place sanctions on Russia - their primary energy supplier.

Klaus Schwab boasted on camera how his WEF organisation "penetrate the cabinets" (with their puppets) and it seems for all the world the German cabinet has been gang-banged to the max.

STICK A FORK IN IT: Latest Inflation Numbers Show Germany’s Economy Is Cratering.

Inflation is sinking the largest economy in Europe. https://www.thegatewaypundit.com/202...omy-cratering/

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Peak <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#infla tion</a>? Not in <a href="https://twitter.com/hashtag/Germany?src=hash&amp;ref_src=twsrc%5Etfw">#Germany </a>! German Consumer Prices (CPI) are likely to rise further after Producer Prices (PPI) increased by almost 46% in August, the strongest increase since 1949. <a href="https://t.co/AKv5ofYzCn">pic.twitter.com/AKv5ofYzCn</a></p>&mdash; Holger Zschaepitz (@Schuldensuehner) <a href="https://twitter.com/Schuldensuehner/status/1572111752577384448?ref_src=twsrc%5Etfw">September 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">⚠️BREAKING:<br><br>*GERMANY AUGUST PPI INFLATION JUMPS TO RECORD HIGH 45.8% Y/Y; EST. 37.1%<br><br>🇩🇪🇩🇪 <a href="https://t.co/CwGbjsDNuD">pic.twitter.com/CwGbjsDNuD</a></p>&mdash; Investing.com (@Investingcom) <a href="https://twitter.com/Investingcom/status/1572126520042487808?ref_src=twsrc%5Etfw">September 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

It looks like the Italian government, who's also sanctioning Russia, is working almost as assiduously to wreck their economy and citizens' standard of living as the German WEF crew are.

Gas bill of 730 thousand euros, San Patrignano risks closure - https://newsrnd.com/news/2022-09-19-...ybeQCELbi.html

Holland and France are also among the favourites to become the first EU economy to implode. Germany remains odds-on to be declared the winner as it's the only one planning to place troops on their streets to help maintain order beginning on October 1st.

Germany and Italy have a rival to become the first EU country to go belly up - Holland.

‘Shocking’ inflation numbers

The Dutch annual rate of inflation soared to a record 17.1% in September, when calculated according to European methods, national statistics agency CBS said on Friday. ‘I was shocked, it is terrible,’ said Minister of Finance Sigrid Kaag told the NOS. In August the rate reached 13.7%, and that too was a record. ‘You wonder how bad it can get,’ said Micky Adriaansens, Minister of Economic Affairs said.

Read more: https://www.dutchnews.nl/news/2022/0...opean-figures/

UK at significant risk of gas shortages this winter, warns energy regulator - https://www.bbc.com/news/business-63118574

Mortgage rates rise sharply as squeeze tightens - https://www.bbc.com/news/business-63119047

Saudi let it be known today they plan to cut their crude oil output by a million barrels per day. WTI Crude increased in price by 5% within hours. That's done Biden no favours with him facing midterm elections on November 8th.

What (most likely) the Yanks did to those gas pipelines is set to be the main driver of food shortages and ever increasing inflation for what is available and in pretty much a higher cost for everything else due to a domino effect in the coming months.

Farmers warn of winter food shortages in Europe - https://www.ft.com/content/8016d3a2-...f-678d5f2aea22

EU farmers warn of food shortages – Reuters

- Vegetable producers across northern and western Europe are considering halting operations, thus further threatening food supplies, as a result of the energy crisis hitting the continent, Reuters reported this week.

According to the report, skyrocketing power and gas prices are the biggest cost facing vegetable farmers employing greenhouse cultivation. Two French farmers renewing their electricity contracts for 2023 told the media outlet they were being quoted prices more than ten times higher than in 2021. -

Read more - - https://www.rt.com/business/563314-e...tages-warning/

It was one million barrels a day cut earlier in the week then they doubled it. Crude oil prices have been rising since. They appear to be heading towards $100 a barrel again rather than $70 before these announcements. https://oilprice.com/

OPEC+ announces 2 million-barrel production cut - https://thehill.com/policy/energy-en...roduction-cut/

Crude oil prices continue their climb to $100 dollars per barrel. WTI is at $92 and Brent Crude's at $97, both are up around 4% today.

the once proud German manufacturing economy taking a hammering over the last 24 hours

125 years after foundation: German construction company Wolff Hoch- und Ingenieurbau insolvent

130 years after foundation: German confectionery manufacturer Bodeta insolvent.

156 years after foundation: German automotive supplier Borgers insolvent

170 years after foundation: German soap maker Kappus insolvent.

not looking good is it .................