Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Unless we witness some sort of a crazy diplomatic miracle, the price of gasoline will soon rise into unprecedented territory. The Iranians have closed the Strait of Hormuz, the Houthis are blocking Saudi tankers from getting through the Bab el-Mandeb Strait, and with a big helping hand from the United States the Ukrainians are relentlessly … Read more
I really don’t understand the tremendous apathy that I am witnessing right now. Everyone can see that commercial oil inventories are rapidly being depleted. As I discussed yesterday, the global oil market had about 400 million barrels of excess inventory before the war, and now we have “close to nothing”. But at least we still … Read more
The only way that we were going to avoid a historic oil crisis was if a diplomatic solution could be found to end the war in the Middle East. Obviously that did not happen. The “Memorandum of Understanding” has completely failed and the U.S. and Iran are hitting one another really hard. The Strait of … Read more
The cost of living has become absolutely suffocating for millions of Americans. For years, the bureaucrats in Washington have been feeding us numbers that show that the rate of inflation is low, but it is obvious to everyone that what they are telling us is simply not true. Many of the items that I regularly … Read more
Now we are going to get to see what really happens to the global economy when the Strait of Hormuz is completely closed for an extended period of time. Before the war, approximately 45 percent of all Asian oil imports traveled through the Strait of Hormuz. The Chinese normally get more oil from the Middle … Read more
There will be no negotiations over the Strait of Hormuz. There will only be fighting. The U.S. and Iran will now engage in an all-out war for control of the Strait of Hormuz, and the consequences will be felt by every man, woman and child on the entire planet. Traffic through the Strait will be … Read more
We knew that this wasn’t over. The ill-fated “Memorandum of Understanding” may have delayed the inevitable, but now the ceasefire is dead and fighting is raging throughout the Middle East all over again. Sadly, we shall soon see just how far both sides are willing to escalate matters. In my opinion, we are going to … Read more
A lot can happen in 48 hours. Just two days ago, things were relatively calm in the Middle East and global financial markets were humming along. But now everything has changed. Just like that, the ceasefire is over, the price of oil is soaring and stock prices are plummeting. It appears that all-out war in … Read more