The entire global economy is having a slow-motion meltdown. Looks like the E.U. will tank first.

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by BoatSurfer600 Anyone else feel like the US is slowly collapsing? ‘There is no more retirement’: Runaway prices are pushing seniors back to work Recent data shows about 3.2% of workers who were retired a year ago have rejoined the workforce — about 1.7 million people. That means the number of retirees heading back into … Read more

Video appears to show Tesla driver asleep at the wheel on Ontario highway

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Video appears to show Tesla driver asleep at the wheel on Ontario highway https://t.co/GmC1CfKLOt pic.twitter.com/tbzpF0m64f — Simon Ostler (@SimonOstler) September 2, 2022 ‘Video has emerged showing a Tesla driver appearing to be asleep behind the wheel while travelling more than 100 km/h on a busy Ontario highway. Louise Lesser said she was driving on the … Read more

Anyone stupid enough to buy into the insane housing bubbles created by 14 years of central bank ultra-easy monetary policies deserves to get their head handed to them.

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by Boo_Randy ‘At risk’: Recent Australian homeowners face $110,000 being slashed from value of property https://www.news.com.au/finance/real-estate/buying/at-risk-recent-australian-homeowners-face-110000-being-slashed-from-value-of-property/news-story/545267516cf9a9688c660c92a09df8a4 There are warnings of a stark divide growing in the property market – and one group of Aussies are “most at risk”.  

The Global Energy Crunch

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by Charles Hugh-Smith If we insist on doing the transition the hard, slow, costly way rather than the easy, fast, cheap way, it’s going to be a needlessly arduous, soul-crushing slog. Let’s cover a few common-sense points and ask a few questions about the Global Energy Crunch. Let’s start with the high-tech, super-costly solutions that many … Read more

‘We’re done with (this Democrat shit-hole) Portland’: Residents say they are fed up with crime and homelessness

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One of the people who has been camping near Philip’s house confirmed she was right. “It’s like, thank you for cleaning up the tampons and the f***g booty juice and stuff that’s on the ground, we appreciate that,” [Medina Dawan] said, “but two seconds later all that s*** about to be back on the f***g … Read more

CNN Changes Color of Background Lighting of Biden’s Moloch Speech to Make it Look Less Evil (VIDEO)

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Joe Biden Thursday evening delivered the most divisive and evil speech in US history. The imagery was shocking. The red glow. The shadowy Marines standing behind Joe Biden as he threatened millions of Trump supporters. “MAGA Republicans do not respect the Constitution, they do not believe in the rule of law … They promote authoritarian … Read more

China’s Largest Developer Posts Record 96% Profit Slump

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(Bloomberg) — Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s property crisis engulfed the nation’s largest developer by sales. Unaudited net profit slumped to 612 million yuan ($88 million) in the six months ended June, a filing by the Foshan-based company showed Tuesday. … Read more

‘Dr Doom’ economist Nouriel Roubini warns an epic market crash is likely – and he fears a toxic combo of inflation, unemployment, and recession

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via MSN: Nouriel Roubini warned the US economy faces a huge market crash and stagflationary debt crisis. The economist said inflation could spiral if the Fed doesn’t raise interest rates high enough. However, rate hikes may slow growth, raise unemployment, and cause headaches for borrowers, he said. Nouriel Roubini warned investors to prepare for a … Read more

Russia Won’t Sell Oil to Countries That Impose Price Caps

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by Chris Black Russia seems to be ready to shut off the gas as soon as winter starts and just totally cripple Europe. It didn’t have to be this way. We could have all just been friends. https://twitter.com/politblogme/status/1565662457611407362 Reuters: The Kremlin said on Friday that Russia would stop selling oil to countries that impose price … Read more