U.S. diesel consumption is likely to decline by 200,000 to 600,000 barrels per day (5%-15%) over the next year as the economy slows in response to rising interest rates.
The global Technocracy's Great Reset implies a scorched earth economic policy to essentially burn the existing economic system to the ground, which is exactly what is happening. The coming catastrophe is not accidental or unavoidable; rather, it is
"sustainable agriculture," no matter how reverently it's name is intoned, actually means "lower crop yields and fewer animals per acre." All the rest is misdirection… "Boob bait for the Bubbas," as an old senator used to say.
Initiated by monetarists, the debate between an outlook for inflation versus recession intensifies. We appear to be moving on from the stagflation story into outright fears of the consequences of monetary tightening and of interest rate overkill.
Saving money has become impossible for many amid 40-year high inflation. According to data from the US Bureau of Economic Analysis, the personal savings rate reached 4.4% in April after steadily declining from the 6% level seen in January.
We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden's time in the White House.
Not too long ago, the elite were trying to put a happy face on our growing economic problems. It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a
I've joked on my last couple of podcasts that when it comes to economic problems, the government usually has to exhaust every single one of the wrong solutions before it gets to the right one.
From the Fed to the ECB, from Russia's moves towards a resource-based monetary system for Asia to the breakdown of the post-Bretton Woods debt system of the West, we talked about it all.
World's richest man Elon Musk says recession would be a 'GOOD' thing because it'll hurt unproductive work-from-home crowd and 'foolish' business owners he says deserve to go bankrupt
"Inflation is high and it's going higher. So, you're going to have the combination of a very weak economy in recession and high inflation getting worse..."
southernprepper1@yahoo.com If you would like to add what is happening in your area or problems you are having on your job in regards to logistical problems or bad economic indicators that we are moving toward a recession or possible depression. I k
Avery Vise, vice president, trucking for transport consultancy FTR, has some advice for owner-operators struggling with a massive spike in diesel fuel prices and plunging spot market rates: "There are good reasons to sell your truck and become a co