Fuel Shipping Costs Soar

by Martin Armstrong The cost of shipping has added another variable to the complicated global inflation and energy crisis. According to the Baltic Exchange data as reported by Bloomberg, hauling rates have reached a high not seen since April 2020. The …

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EU steps back into coal age

A number of EU countries have launched emergency plans aimed to lower and ration the use of natural gas and resurrect coal-fired power production, Business Insider reported on Tuesday. This week, Germany, Austria, and the Netherlands announced that coal-generated power …

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‘Bitcoin Jesus’ Roger Ver Spars With Crypto Exchange CoinFlex Over Margin Call

by Boo_Randy Margin calls going out to the crypto True Believers as the end of the digital tulip bulb mania draws near. https://www.bloomberg.com/news/articles/2022-06-28/-bitcoin-jesus-roger-ver-spars-with-exchange-over-margin-call?srnd=premium-middle-east&sref=ibr3A0ff A public dispute between a longtime crypto investor and a digital-asset exchange is the latest in a …

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Australian construction contractor FSA Services Group collapses owing $10.6m

by Boo_Randy More housing bubble dominoes toppling in Australia. The wipeout of fake wealth created by fake central bank “money” is going to be downright Biblical when Housing Bubble 2.0 implodes. https://www.news.com.au/finance/business/other-industries/australian-construction-contractor-fsa-services-group-collapses-owing-106m/news-story/ea93d04ce83e7ce81d8beeda58ea2c71 More than a hundred employees have been impacted …

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Asian Stocks Lose Bounce…

“Asian stocks lose bounce from shorter China quarantine, slip on inflation fears” https://www.investing.com/news/economy/asian-stocks-lose-bounce-from-shorter-china-quarantine-slip-on-inflation-fears-2841979