It is becoming harder and harder for ordinary people to eat in the United Kingdom, thanks to the worst cost-of-living crisis to strike the country in a generation. Inflation is so out of control in the UK that many Brits are diving headlong into debt just to keep food on the table and heat in the house … Continue reading Discretionary income evaporates as UK food inflation hits record high ahead of dark winter
Germany to nationalize struggling energy firm Uniper amid worsening financial crisis
After bailing out one of the country’s largest private utility companies, Germany is now considering nationalizing it. Uniper, which is being hit exceptionally hard by the ongoing European energy crisis, needs a lot of help if it is going to survive. The company has seen tremendous losses ever since the West imposed sanctions against Russia over its invasion of … Continue reading Germany to nationalize struggling energy firm Uniper amid worsening financial crisis
TOO BIG TO FAIL? European governments start bailing out energy companies to prevent total collapse
Financial contagion is sweeping through the European energy markets, which are massively overleveraged and ripe for a collapse. Governments in Germany, Austria, Sweden and elsewhere are trying to stuff chewing gum into the gaping holes of the sinking Titanic by bailing out energy companies, which can no longer cover their payments now that Russian oil and gas … Continue reading TOO BIG TO FAIL? European governments start bailing out energy companies to prevent total collapse
China deploys TANKS in the streets to prevent citizens from withdrawing their money from banks amid collapsing financial system
We are hearing through the grapevineChina’s fast-and-loose financial practices have caught up with the country and now threaten to bring down the world’s No. 2 economy. According to video clips posted to social media, the Chinese government is deploying tanks and armed troops to surround banks in order to prevent citizens from withdrawing their money and … Continue reading China deploys TANKS in the streets to prevent citizens from withdrawing their money from banks amid collapsing financial system
Governments on road to collapse as global supply chain crisis, inflation worsen; Sri Lanka now suspending foreign debt payments
The supply chain crisis caused by entire countries shutting down for months over a virus that had a 99.5 percent survival rate is now being exacerbated by the war in Ukraine and new lockdowns in some producer countries, and is now causing some countries so much economic stress they are defaulting on their debts. Sri Lanka, … Continue reading Governments on road to collapse as global supply chain crisis, inflation worsen; Sri Lanka now suspending foreign debt payments
Dr. Eddy Bettermann MD 