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News & Articles By Ethan Huff
09/14/2022
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By Ethan Huff
60% of Great Britain’s manufacturing sector risks closure due to soaring energy prices
The results of a new survey on the current state of the British economy are dire, suggesting that as many as six in 10 manufacturing businesses throughout the country are at risk of closing due to skyrocketing energy bills. MakeUK, a manufacturing lobby organization in the United Kingdom, announced over the weekend that 42 percent […]
09/13/2022
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By Ethan Huff
Return to the Dark Ages: European steel, metals industries plead with EU to stop de-industrializing the continent with its sanctions against Russia
Dozens of relevant stakeholders sent a letter to European Commission President Ursula von der Leyen, European Council President Charles Michel, and several others in key position of power calling on them to take immediate action to “prevent permanent deindustrialisation from spiralling electricity and gas prices.” Western sanctions against Russia have made it prohibitively difficult for […]
09/09/2022
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By Ethan Huff
PhD economist says energy and financial situation in Europe is “much worse than many understand,” warns of “mayhem” in weeks or months
Forecaster, associate professor, CEO and economist Tuomas Malinen, PhD, says that economic conditions in Europe are much worse than most people – including Europeans themselves, who are being kept in the dark by their politicians as to what is transpiring – think. In addition to the energy crisis – several of Europe’s largest steel mills […]
09/01/2022
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By Ethan Huff
Recession or DEPRESSION? The number of Americans taking out loans just to buy groceries has DOUBLED this year
The “buy now, pay later” (BNPL) option that you often see on checkout screens when making an online purchase is more popular than ever before, thanks to the failing economy. As prices rise and hyperinflation rears its ugly head, increasingly more consumers are opting for these short-term loans when eating out at restaurants or even […]
08/25/2022
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By Ethan Huff
Citi says apocalyptic hyperinflation is coming, Germany’s central bank agrees
For the first time in nearly 50 years, Great Britain’s inflation rate is expected spike beyond 18 percent, according to a dire new report from Citi. Benjamin Nabarro, the chief UK economist at Citi, told clients at the start of the week that the bank expects CPI inflation to reach 18.6 percent by January, in […]
08/12/2022
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By Ethan Huff
Former metals traders at JPMorgan found guilty in landmark “spoofing” case, PROVING that precious metals prices are rigged
In a landmark ruling, two former employees of the JPMorgan Chase banking empire were found guilty of market manipulation. Former JPMorgan global precious metals desk head Michael Nowak and precious metals trader Gregg Smith were both charged by the Department of Justice (DOJ) with racketeering and conspiracy. A third man, salesperson Jeffrey Ruffo, was also […]
08/11/2022
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By Ethan Huff
Rhine River water levels continue to drop, leaving Germany at risk of severe supply chain problems
Soaring temperatures and lack of rainfall, we are told, are causing the Rhine River, which flows through Germany, to drop to dangerously low levels. As we reported, Germany has had difficulties producing coal as a replacement for lost energy from Russia because of dropping water levels on the Rhine. Now, there is a serious risk […]
08/11/2022
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By Ethan Huff
At least 75,000 Brits to stop paying utility bills in response to unfettered inflation
An activist group called Don’t Pay UK says that more than 75,000 Brits have pledged to “strike” on October 1 by no longer paying their utility bills. Skyrocketing inflation and other factors are rapidly making energy a commodity only for the wealthy in the United Kingdom, prompting the makings of a social revolution. “75,000 people […]
08/08/2022
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By Ethan Huff
Housing bubble about to burst? Home price growth saw record slowdown in June followed by largest monthly inventory gain in over a decade
The Data & Analytics division of Black Knight, Inc. has released new data about the United States housing market that suggests cracks are beginning to form in that crusty old overinflated bubble. In June, the U.S. saw its single-greatest annual home price growth decline on record. Prices are still going up in many markets, but […]
08/08/2022
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By Ethan Huff
Paul Krugman was wrong and the alt-media was right: current inflation isn’t transitory
The establishment media and its many talking heads tried to tell us that inflation would only be temporary, and that none of the economic stimulus injections are in any way responsible for the crisis the world now faces. It turns out they were dead wrong. One such talking head, Paul Krugman, was insistent that everything […]
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