Tag: prices

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Tina Marie (Ms. Cat)
Geopolitical Trends, w/Dr. David Oualaalou

The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Related:

Germany Heating Law: How the Building Energy Act Became So Controversial

“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.

Germany mandates switch to heating via renewables with Building Energy Act amendment

The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.

Argentinians protest against IMF-imposed austerity measures

Tina Marie (Ms. Cat)

Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).

Argentinians protest against IMF-imposed austerity measures

AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!

Previously:

How Javier Milei Upset Argentina’s Political Status Quo

All aboard the gravy train: an independent audit of US funding for Ukraine

Tina Marie (Ms. Cat)

In the absence of official scrutiny of Washington’s spending spree on Ukraine, The Grayzone conducted an independent audit of US funding for the country. We discovered a series of wasteful, highly unusual expenditures the Biden administration has yet to explain.

All aboard the gravy train: an independent audit of US funding for Ukraine

Threats to international peace and security – Security Council, 9364th meeting

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Tina Marie (Ms. Cat)

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock.

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

The End of American “Exceptionalism”?

Tina Marie (Ms. Cat)

The End of American “Exceptionalism”?

This might have a decisive impact on the US currency as the drive to break with the petrodollar continues to grow and could produce something like a “perfect storm” impacting on the US economy. It threatens to drastically lower the standards of living of nearly all Americans within the next several years as the dollar loses value and purchasing power. As the US economy is heavily interconnected with many European economies, Europe is also likely to be a victim of the coming disaster.

The good news, of course, is that the United States will no longer be able to afford its endless wars and international interventions. Lacking its economic power, it will no longer be able to declare itself “exceptional” and the enforcer of a “rules based international order.” It would mean an ending of the funding of developments like the Ukraine proxy war and the troops will have to come home from places like Syria and Somalia. And it might even mark the ending of sending billions of dollars annually to a wealthy Israel.

Ending dollar supremacy would inevitably have an immediate impact on what passes for US foreign policy, making it more difficult for Washington to initiate and sustain Treasury Department sanctions on countries like Iran and North Korea. It could also create economic turmoil for many countries until the situation resolves itself by producing greater volatility in currency markets worldwide. The Federal Reserve Bank will no doubt respond to the unfolding crisis by acting as it always does by raising interest rates to astronomical levels, thereby hurting most the Americans who can least afford the shock therapy.

Sudan fighting erupts between rival military factions backed by external powers

Tina Marie (Ms. Cat)

Sudan fighting erupts between rival military factions backed by external powers

Al-Burhan is backed by Egypt’s brutal dictator, Abdel Fattah el-Sisi and layers close to the military that have long controlled Sudan’s sprawling military-industrial complex. He is reportedly supportive of the US and the European powers in the US/NATO war against Russia in Ukraine. Dagalo, who has become enormously rich based on Darfur’s gold, is backed by the United Arab Emirates (UAE) and Saudi Arabia. Controlling the export of gold, he has close relations with Russia whose Wagner mercenaries operate in Sudan and neighbouring Central African Republic.

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Sudan’s military has close relations with Russia, which is trying to establish a base at Port Sudan, on the Red Sea; selling much of its gold that accounts for 40 percent of the country’s exports to Russia via the UAE; abstaining on the UN resolution condemning Russia’s invasion of Ukraine and infuriating the Biden administration. Washington is determined to sever Sudan’s relationship with Iran, Russia and China, close Port Sudan to the Russian navy, and strengthen its regional anti-Iran alliance to which Sudan had signed up earlier this year.