If it’s ending, it’s because the central bankers didn’t reinvest in their economies. They removed too much wealth for themselves.
Cue the Black Horse.
A lot of Green New Deal policies and politics, both in Europe and the USA, are part of the problem here as well.
...A Global “Great Famine”...
More like bad global malnutrition a la N. Korea.
People will be forced to become skinnier.
Famines are the result of government policy - it is impossible for an agricultural power like the USA to suffer one unless it is through intentional mismanagement.
God just give me this one last deal and then I will get out and start a monestary. Just let this Ukraine deal hit pay dirt and I’m done. Really God. Just one last roll of the dice. It’s all set up. We’ve paid off half the western world to support this. It was good to go. We were about to sneak Ukraine into NATO, close the deal and smack the bear across the snout, and now this. Please God, I pray you. Stand up for right and fairness. It’s the democratic free market way.
The current inflationary effect is the result of a tightening of supply chain controls for reasons that don’t make economic sense. Inventories of retail and durable goods is actually increasing at the same time that the M2 velocity (turnover of dollars) is at historic lows. This is a clear indication that people are not spending cash to beat perceived price increases as is typical of normal inflationary periods, they are simply sitting on cash because they either can’t or won’t pay for goods at inflated prices.
The exceptions are necessities like rent, food, and energy that are inelastic and ultimately tied to government contrived constraints like excessive property regulations, various wasteful taxes, and cult policies regarding climate change.
There’s nothing wrong with the economy that couldn’t be remedied by increased drilling and reduced regulation of shale oil fracking, accelerated programs to build new SMR and molten salt nuclear technology, simplified building permitting and land use regulation, and sensible water allocation in areas like the central valley of California.
As Reagan said, “Government is not the solution to problems, it is the problem.”
The CIO’s job is to manage information systems. Something seems off with this one.
Translating the headline: If I can’t have MY war, you’re going to have to pay me beeg money!
The Biden administration made a big mistake in cutting domestic energy production. That said, the Europeans made an absolutely colossal mistake (the Germans in particular) allowing themselves to become so dependent on a single source for their energy. Now the Russians have them by the balls and can make them suffer greatly simply by turning off the taps.
The Poles were very smart to build a big new LNG terminal and sign a long term contract for more US natural gas. The French were smart to build a lot of nuclear power plants and get a lot of their energy from them. The western Europeans in general and the Germans in particular are going to have to choose between Gaia worship and national security/the domestic economy.
They also need to get that pipeline Trump proposed from the middle east through the Med and up through Italy built and running ASAP.
all deliberate for the great reset
Biden’s War now featuring famine.