“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’

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“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’ (via @abhabhattarai) https://t.co/clmUkg2SXN — Carl Quintanilla (@carlquintanilla) June 9, 2022 “I think we’re going to need a bigger boat.” … Read more

IEA: Europe Could See Energy Rationing This Winter

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By Tsvetana Paraskova IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called for conserving energy and boosting energy efficiency. Europe could be forced to start rationing energy this winter, starting with industrial uses of … Read more

If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with five conditions in confluence, this recession will be unlike any other.

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by Charles Hugh Smith on Of Two Minds: Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession. Severe, long-lasting recessions occur when multiple conditions arise at the same time. 1. The business cycle. The business cycle reflects human nature interacting with finance: … Read more

COW FARTS WILL COST FARMERS

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New Zealand on Wednesday released a draft plan to put a price on agricultural emissions in a bid to tackle one of the country’s biggest sources of greenhouse gases, belching sheep and cattle. The proposal would make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock, the … Read more

GFC 2.0 at higher base and higher rate of interest

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Falling consumer sentiment. Crushing inflation. Declining real wages. Savings are being drawn down rapidly. Credit card usage is soaring. Mortgage cash-out refinancing is not economical. Fiscal stimulus is unlikely.https://t.co/8DeKrIaCZ1 — Michael Lebowitz, CFA (@michaellebowitz) June 8, 2022 https://t.co/B4SAzERpYc — Win Smart, CFA (@WinfieldSmart) June 8, 2022 https://twitter.com/VSoien/status/1534465334660501507 https://twitter.com/RJRCapital/status/1534680478783098881 This just keeps getting worse: Applications for … Read more

Yen’s getting extremely close to this century’s low… don’t be surprised if those “others” re-adjust sharply lower in the coming days.

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Yen's getting extremely close to this century's low… gawd. pic.twitter.com/uurVX4RRDz — David Ingles (@DavidInglesTV) June 8, 2022 Japan is pumping out free money like there is no tomorrow. In 1998 financial "geniuses" found out the hard way that in a RISK OFF market, it can be hard to pay it back when collateral is collapsing … Read more

Delhi: 5-Year Old Girl Tied, Left On Terrace In Scorching Sun ‘For Not Doing Homework’

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‘Breaking all possible records of cruelty, parents in Delhi went way too far to punish their 5-year-old girl. In a case of heinous corporal punishment, a 5-year-old girl was allegedly tied with a rope and left to suffer in the scorching heat in Delhi for not doing her homework.’ https://www.indiatimes.com/trending/social-relevance/5-year-old-girl-tied-on-terrace-in-heat-for-not-doing-homework-571717.html Warning…distressing video After a video … Read more

Janet Yellen lies again about efforts to bring down energy prices. They have cancelled oil/gas leases. They have cancelled pipelines… Tucker Carlson: Why does she still have her job?

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https://twitter.com/WallStreetSilv/status/1534596117395935234 SHOT: Biden claims ‘more Americans feel financially comfortable’ since he took office. Chaser: Majority Now See Another Depression Ahead. “Be the f***ing president!”: Dems despair as Biden’s job approval hits lowest mark ever.

EU voted to ban all petrol and diesel cars by 2035

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In the face of strong conservative opposition, European Parliament lawmakers on Wednesday narrowly voted to back a European Commission proposal for a total ban on new CO2-emitting vehicles by 2035. The Commission last year unveiled plans to stop the sale of vehicles using internal combustion engines as part of an ambitious climate target to cut emissions … Read more

If Leftists call you racist, sue the bastards…

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Traditionally, four types of false allegations have been considered severe enough that they constitute defamation per se: Claiming a person was involved in criminal activity Claiming that a person was unethical or incompetent in their professional conduct Claiming a person has some kind of contagious or loathsome disease. Claiming a woman is unchaste or has otherwise engaged … Read more

Gas prices too high for Michigan police dept…

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ISABELLA COUNTY, Mich. – A Michigan police department says higher gas prices have forced them to re-think how to handle non-urgent calls. The Isabella County Sheriff’s Office in Central Michigan, home of Mt. Pleasant, said in a Facebook post this week that due to higher fuel prices, they have asked deputies to manage what they can … Read more