Tag: economics

Trump Media & Technology Group Statement on Proposed Merger with Digital World Acquisition Corp

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SARASOTA, Fla., Sept. 08, 2022 (GLOBE NEWSWIRE) — Today, Trump Media & Technology Group (“TMTG”) released the following statement regarding its proposed merger with Digital World Acquisition Corp. (“DWAC”):

“The SEC has needlessly delayed its review of our proposed merger, causing real and unnecessary financial harm to DWAC investors, roughly 90 percent of whom are small, retail shareholders whom the SEC is chartered to protect. Despite its standard practice to provide comments within 30 days, the SEC has failed to give meaningful feedback on DWAC’s registration statement for a stunning 115 days and counting. In the interests of simple fairness, the SEC needs to set aside any improper political considerations and bring its review to a swift conclusion.”

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EU Commission Announces 5 Point Plan for Energy Crisis, Including Increased Imports of U.S. Natural Gas Driving Up Prices for U.S. Consumers

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According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK).  Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe.

Consider that 43% of U.S. households use LNG for home heating, and power suppliers use LNG to create electricity.  With the massive 2022 exports of LNG to Europe (+17% in fourth quarter alone), that means lower domestic supplies and increased prices here in the United States for electricity and home heating.  We are seeing and feeling these massive price increases right now. As a result, consider this reality….

Not only are U.S. taxpayers directly paying for the majority of costs in Ukraine, but we are also subsidizing the European Union by exporting LNG and driving up the price here at home.

We are directly paying Ukraine, and indirectly paying Europe to maintain gas sanctions against Russia.  This is the reality of the current situation as created by the Biden administration.

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An explanation for Chinese lockdowns not involving war, social discipline, fear of rebellion, or financial collapse

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One way of dramatically reducing energy consumption is by mandating shutdowns in an area, purportedly to prevent the spread of Covid-19, as China has been doing recently. Such shutdowns can be explained as being needed to stop the spread of disease. These shutdowns can also help hide other problems, such as not having enough fuels to prevent rolling blackouts of electricity.

The World’s Energy Problem Is Far Worse Than We’re Being Told

I am telling you people that the situation in Europe is much worse than many understand. We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies

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I am telling you people that the situation in #Europe is much worse than many understand.

We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies.

Short thread. 1/4

We are also totally at the mercy of the authorities, and we have very little knowledge what they have planned.

Will they be able to stop the onset of the banking crisis, yet again? I don't know, but I am doubtful. 🤷‍♂️🤔
2/

https://gnseconomics.com/2022/09/03/what-is-the-great-reset/

In any case the speed of deterioration is massive now, and it's only a matter of time, when markets catch up.

I am betting that we still have few weeks (months at max.) before "mayhem" truly begins.

Take precautionary measures. Stock:
1. Cash.
2. Food.
3. Water.
3/

4. Wood (if you have a stove).
5. Other necessities.

No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse.

You just have more cash (no meaningful interest in banks), food, water and wood. 😉😁
4/4

Originally tweeted by Tuomas Malinen (@mtmalinen) on September 7, 2022.

Planned with malice or caused by incompetence or some weird confluence of both? USA is not much better off. ABN

WHEN GREEN TURNS TO BROWN: German economic crash looms as energy prices soar

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German Minister of Economics Robert Habeck is under fire after his comments during an interview with an ARD broadcaster on Tuesday evening.

The conversation surrounded the astronomical rise in the price of energy taking all the income away from people who would purchase other goods and services. As Germans no longer can afford purchases, the stores and businesses can no longer operate.  Minister Habeck was asked if that means a wave of bankruptcies and business closures are forecast.

Mr. Habeck responded that businesses can stop operating, but that doesn’t mean they will go insolvent.  Just because the business loses most or all of their revenue, doesn’t mean they will go bankrupt.  That doesn’t make sense, Minister Habeck was pressed to apply commonsense. If businesses close to save money, workers are not employed. If workers are not employed people do not earn income.  If people do not earn income, the economy worsens.

Habeck had no response other than an economically detached “Green Party” perspective that businesses will not go bankrupt just because they are not operating. However, his facial expressions reflect that he knows what comes next, total economic collapse. WATCH: 

In some ways I hope people like Habeck really do not understand because if they do they are being extremely malicious in pursuit of a nightmare. That said, how can a German minister of economics reason as badly as this, as badly as Rochelle Walensky who similarly is being extremely malicious if she is not utterly incompetent? With that, we are trapped between two equally terrifying assumptions. A third possibility is the Western cabal has infiltrated and taken over everything; and they have done it slowly over decades by promoting mediocre people while harming and sidelining talented ones. Their plan is global domination by first conquering the West. They appear to have indeed vanquished the West but that may be at the cost of filling all management jobs with incompetent mediocrities such that now, on the eve of their victory march, cabal finds itself with only incompetent, uncreative managers who know only how to obey orders. ABN

Wow, Europe Household Electric Bills Estimated to Jump by $2 Trillion Next Year, That’s 12% of Their GDP

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…When you suck 12% of the purchasing power out of an economic engine simply to maintain the status of current energy use, everything else starts to collapse.

Also keep in mind we are only talking about the direct impact of $2 trillion in electricity cost.  The downstream consequence is far greater because everything created, produced, or manufactured, including food, is dependent on electricity – which will drive the final cost to produce of all those products even higher.

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