Tag: energy shortages

WHY GLOBALISM IS A BAD IDEA

Submitted by Hardscrabble Farmer

The idea that a centrally controlled system is advantageous is ludicrous in the extreme. Read the following passage as an example of why you should never place all of your eggs in one basket-

“Bloomberg Economics created a list of the countries most exposed to the fallout from the Ukraine conflict. Turkey, Egypt, Vietnam, the Philippines, and Poland are ranked some of the highest at-risk.”

The very idea that the turmoil of a Eurasian country should somehow have a negative impact on countries as diverse as the list above is ridiculous.

Resiliency, self-sufficiency and independence offer the greatest insulation against most exigencies. Building a system so tightly interdependent that entire blocks of far flung countries should suffer because of situations they have no control or influence over is either moronic or deliberate.

Are Soaring Food Inflation And Rolling Blackouts The Start Of Next Emerging Market Meltdown?

Via ZeroHedge

A combination of shocks is rippling through emerging market economies and has sparked soaring food and energy inflation, power blackouts, and social unrest. Countries with the weakest balance sheets and high debt loads appear to be sliding first into turmoil. This could be the beginning innings of an emerging market crisis last seen in the 1990s when socio-economic distress toppled governments, according to Bloomberg.

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Famine, Energy Shortages and Hyperinflation

Guest Post by Bob Moriarty

I’m going to discuss some other things that investors need to keep in mind due to the incredibly stupid sanctions imposed on Russia in an attempt by the US to destroy a nuclear armed country. Have I ever mentioned just how insane that idea is? Why would anyone in their right mind try to eliminate a nuclear-armed country?

Before the attack on Ukraine the madness of shutting down our existing energy system before replacing it had doubled the price of gasoline in the US. Because fertilizer is so energy intensive, farmers were facing a critical economic future. It was impossible to be able to afford the inputs and still make a profit in farming. Then Putin responded to the constant bombing of Donbass and threats from Ukraine to go nuclear. He stated his demands clearly. Ukraine and the US proved tone deaf and he invaded.

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