FBI warns cyber attacks could impact world food supply

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The bureau said a rise in ransomware attacks targeting farming co-ops could disrupt “the entire food chain” (RT) The top US law enforcement agency has warned of increased cyber attacks on agricultural cooperatives, saying hackers could target large-scale farms and potentially impact the world’s food supply. The FBI’s Cyber Division issued a notice to private … Read more

Italy to Ration Use of Air Conditioning, Heat, to Wean Country Off Russian Power

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Two weeks after Italians were told they’d have a choice between “air conditioning or peace”, the government appears to have made the choice for them, introducing rationing of AC and heat in a bid to reduce the nation’s dependence on imported Russian energy. From May 21st, public buildings such as government offices and schools in … Read more

Hillary Clinton calling for more censorship on social media platforms.

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by JamesHawk101 I can’t say it better then Tim Young: “Restrict the first amendment so that democrats can control the narrative without challenge”. Her post is a day before the EU PASSED, the “Digital Service Act requiring companies to more aggressively police their content and take down anything deemed harmful or illegal quickly.” Source Freedom speech, in … Read more

Natural gas reached its highest level in 14 years amid continued fighting in Eastern Europe. Europe’s Recovery Will Have to Wait: the war is a serious setback

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https://twitter.com/leadlagreport/status/1517667572950441984 https://twitter.com/asymmetricalpha/status/1517665709106548741 Europe's Recovery Will Have to Wait: the war is a serious setbackThe economies of the European Union were generally on the right track but were anything but booming. Now, even this seems a thing of the past – at least for the next few quarters. — @GPFutures pic.twitter.com/Gga0tJmM0d — Emil (@EmilKalinowski) April 22, … Read more

The Great Global Financial Crash Just Started!

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S&P500 trades at PE of 19x… whereas the 10y yield at 3% implies a PE of 14x… and with CPI at 8.5%, rates could still go higher… It's all fun and games until stocks reach absurd valuations at the peak of the business cycle. pic.twitter.com/jWnHDjinnZ — Otavio (Tavi) Costa (@TaviCosta) April 22, 2022 2007, I … Read more

The ECB Must Act Soon to Avoid a Currency Crisis

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The remorseless strength of the U.S. dollar as the global haven is starting to cause problems — and not just in emerging markets. Japan and Europe have traditionally preferred to have their currencies run a little weak to the dollar to boost exports. But the slide this time is worrisome. The yen has fallen to its weakest … Read more

Staring Into the Abyss

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by Charles Hugh-Smith So sorry, but “you’ll own nothing and be miserable–oops, we mean happy, yes, deliriously happy” doesn’t count as a solution. The global economy is perched on the edge of an abyss, and averting our gaze doesn’t actually lessen the risk, it increases it because problems which aren’t faced directly and addressed directly fester … Read more