News Stories
Collapse
- John Rubino: How a Country Goes Bankrupt, In 10 Steps The past few decades of unnaturally easy money have created a world of “moral hazard” in which a ridiculous number of people borrowed far more than they should have. Now, with money getting tighter, not just businesses and individuals but some governments are staring at the “suddenly” part of that old saying about bankruptcy.
- ‘They’ are getting prepared The ultra-wealthy are some of the best preppers in the entire world.
Economy
- The Banking Collapse Has Begun 【VIDEO】 Federal Reserve rate hikes are killing regional banks and the housing market.
- Silicon Valley Bank CEO Sold $3.6M in Stock Before Collapse, Mysteriously out as Fed Reserve Board Member Silicon Valley Bank (SVB) was taken over and shut down by federal regulators Friday in one of the biggest financial failures in history, and the largest since the Global Financial Crisis of 2008. The bank’s collapse sent stocks tumbling and ignited worries about “contagion”—in other words, more bank failures.
- Government Mint Faces International Crisis After Gold-Diluting Ruse Is Discovered: Report Perth Mint, one of the largest gold mints in the world, is facing an international crisis after a report that the company had been diluting gold bars with cheaper metals to increase profits sparked outrage among investors and governments around the world.
- Pemex Deer Park, Texas, small crude unit shut after fire Deer park was one of three Pemex facilities to catch fire in north America on the same day.
- Subprime Auto Lender And Used Car Retailer Collapses As Distress Cycle Finally Arrives Well, after a lengthy period in which nothing seemed to happen, suddenly the dominoes are starting to fall, and as Bloomberg reports, used car retailer and subprime auto loan lender, American Car Center, told employees the business was closing its doors, just one day after the company had hoped to pull off a funding Hail Mary by selling a $222 million bond (it failed).
- U.S. strategic petroleum reserves fall to 35-year low The United States’ Strategic Petroleum Reserve (SPR) now has only 453.1 million barrels in its inventory, following another significant drop in the past week that puts the emergency reserve at a low not seen in three and a half decades, Reuters reports, citing the Department of Energy.
- Natural Gas Shortage Fears Buoy US Market as Winter Reserves Lag Natural gas prices are flirting with levels not seen in the US in almost 15 years amid mounting concerns that robust domestic and overseas demand for the fuel will siphon off supplies that otherwise would be stowed for winter.
- ‘Something worse’ than recession coming — JPMorgan The boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, has warned investors of the likelihood of a downturn in the US economy, saying that “something worse” than a hard recession could be on the horizon.
- Where gas is cheapest and most expensive in the U.S. See how your region compares
- Diesel fuel is in short supply as prices surge Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains and trucks all run on diesel. The fuel is also used across industries including farming, manufacturing, metals and mining.
Food Security
- Farm group warns beef prices could hit record highs as cattle inventory declines U.S. cattle inventory is down to a 73-year low, a farm advocacy group found in an analysis of federal data.
- India rice export ban sparks fear of food price increases India stops exports of their rice with fears of food inflation. They provide 40% of global rice exports.
- IMF issues warning on global food prices Food price inflation may soar now that the Ukrainian grain deal has been terminated, a spokesman says.
- Ranchers Report Biggest Cattle Supply Drop in 40 Years as Shortages Hit Grocery Stores Tens of thousands of ranchers are reporting the largest beef supply drop since 1962 as herds continue to shrink all across the country.
- Farmers set to abandon US wheat crops at the highest rate since 1917 America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century.
- US Cattle Prices Hit Nine-Year High As National Herd Drops To Half-Century Low
- Countless Americans Plunge Into Despair As Hunger Spreads Like Wildfire All Across America We haven’t seen anything like this in a long time. A couple of factors are combining to push millions of Americans into a state of food insecurity.
- Biden Regime Considering Vaccinating Chickens in Response to Bird Flu Outbreak The Biden regime is looking into a mass vaccination campaign with the support of Big Pharma execs in response to an avian influenza pandemic that has killed millions of chickens in America. There is no evidence that bird flu, known as H5N1, presents a serious threat to the human population. Still, there are concerns that the virus could mutate to spread from person-to-person.
- ‘The Government Is Trying To Kill Us Now’: Low-Income Americans Fume In Mile-Long Food Lines After Pandemic Benefits End ... people are waiting up to nine hours in mile-long lines for free food - some of whom say they can only afford to eat once per day, while others say they limit expensive food items such as meat for specific family members, such as growing teenage boys.
- 2.5 million pounds of canned meat recalled On Jan. 31, the USDA's Food Safety and Inspection Service (FSIS) announced that Iowa-based Conagra Brands, Inc., had voluntarily recalled roughly 2,581,816 pounds of canned meat and poultry products. The list of affected items includes 63 specific products, including various flavors and varieties of Vienna sausage and potted meat under the brand names Armour Star, Goya, Grace, Great Value, Hargis House, Hereford, Kroger, Prairie Belt, and Valrico.
- Global food prices slide Interest rate markets are still repricing the 'about face' in the disinflation narrative, which has caused cross-asset turmoil. Despite the lingering inflation storm, there is good news: global food prices in February declined for the eleventh consecutive month.
- WEF orders world governments to begin ‘severely rationing meat and fuel’ According to a study conducted by globalist-aligned academics, World War II-style rationing is the answer to the so-called climate crisis.
- British supermarkets begin rationing vegetables The UK’s largest grocer, Tesco, has joined rivals Asda, Morrisons and Aldi by slapping limits on purchases of salad vegetables due to supply shortages, the company announced on Wednesday.
- Brazil halts beef exports to China after mad cow disease case Brazil’s beef exports to China have halted today after a case of mad cow disease was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday.
- USDA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases This month the USDA just re-re-revised the forward price outlook, and things are grim. It likely doesn’t come as a surprise to many CTH readers because we have been discussing the convergence of events since October of 2021, when we first were able to predict Wave-1 (Dec/Jan), and Wave-2 (March/Apr) inflation. However, the underlying data for Wave-3 is double the prior two phases.
- Grocery Store Shortages: Your Favorite Foods in Short Supply From tomatoes to tampons, shortages in grocery stores are threatening to upend the holiday season as people scramble to stock up before it gets acute. Brazil is already facing a shortage in coffee harvests.
- Skimpflation: Watchdogs say look out for food ingredient changes amid shortages Skimpflation is known as ingredient changes to make a product more profitable. However, manufacturers say changes can happen for several reasons, like improved taste or quality, extending shelf-life, or when ingredients are in short supply.
- Hurricane Ian could push food prices even higher Hurricane Ian is the latest natural disaster to impact food prices. The storm hitting Florida is already forcing orange juice futures to rise, and it may soon squeeze the country’s fertilizer supply — which could have a far-reaching impact.
- Putin slams West’s ‘predatory’ food ‘swindle’ Western nations are using their wealth and ability to print money to vacuum up food products from the global market, the Russian leader said during a government meeting on Tuesday. The unfolding crisis has been in the making for several years, he claimed.
- Be on High Alert for This While Grocery Shopping, Police Say in New Warning From customers pulling out weapons to shoplifters attacking employees, there has been a significant rise of crime within grocery stores recently, The New York Times reported in June.
Health
- 97.7 Million Birds Are Already Dead As The Worst Bird Flu Outbreak Ever Sweeps Across North America And Europe Millions upon millions of birds have been dying, and most people don’t even realize that such a nightmarish pestilence has been absolutely devastating North America and Europe.
Prepping & Storage
- No, mylar food storage bags have NOT been banned There are rumors going around that mylar bags have been banned by Amazon. Scammers are trying to induce fear to make money from preppers.