“Is A Global Recession Coming? Even the Hyper-Corrupt World Bank Is Worried
Their new report gives three likely scenarios but doesn’t mention the actual path to freedom and prosperity”
Eastern Tiger swallowtail (Papilio glaucus), female, dark color form
Ice Age National Scientific Reserve Unit, Wisconsin, USA
2018-08-10 1337aaa4
Price increases due to climate driven scarcity (eg supply disruptions from roads being obliterated by floods and agricultural goods simply not existing in sufficient quantity due to droughts and excessive heat (that btw will add costs to producing what goods do make it to market)) and greed driven inflation didn’t really stem from consumers having to much cash.
What’s more, energy (gasoline and electricity) prices are a function of many things that won’t give a rat’s ass if consumers will have trouble affording them and because they are effectively a necessity - electricity during a heat wave and needing to commute work to get a pay check. Also, the price of gas effects the price of all other goods.
Nevertheless raising interest rates will diminish consumers ability to pay for any and everything. Including goods they have to have to survive like food, healthcare, and gasoline. If a good a necessity consumers will have to pay for it whatever the price and those seller will know it when the set the price regardless of how much Powell had reduced their ability to pay.
“Powell Signals Recession May Be Price to Pay for Crushing Inflation”
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“Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further”
But these sales happened during the “Fed pivot” fantasy that pushed mortgage rates down to 5%. Now mortgage rates are near 6.5%.”
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“World powers are paralysing the UN and pulverising the planet
Global warming will not wait for geopolitics to cool down.”
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Disaster capitalism doesn’t care, neither does a white supremacist christofascist regime:
“Grid anger rises in Puerto Rico as massive outages remain”
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“It’s a Capitalism-Induced Ecological Crisis”
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Get ready America:
“‘It is beyond bleak’: Pakistan floods affecting 16m children, says Unicef
Devastating conditions were triggered by heavy monsoon rains that have so far killed more than 1,500 people”
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From America's horrific response to COVID, to Climate Denial to the unqualified, purchased, rapist on the US Supreme Court, if there was EVER an anti-christ in these modern times it is hands down Charles Koch of Koch Industries et. al.(better luck next next year Jamie Dimon and Hillary Clinton):
“How Koch Industries, Fake Scientists, and Rush Limbaugh Invented Climate Denial
A new book, "The Petroleum Papers", goes inside a 1991 conference whose goal was to make people doubt climate change is real.”
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“Wealthiest 10% Responsible for Nearly 50% of Greenhouse Gas Emissions, Study Finds”
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Politicized journalism kills:
“Sky and the Australian find ‘no evidence’ of a climate emergency – they weren’t looking hard enough”
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“Developing countries demand more climate finance as rich nations' $100-billion pledge remains a broken promise
Although developed countries say they are on track to fulfilling the 12-year-old pledge by 2023, analysis of available data suggests that their numbers may be inflated.”
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But Our Government officials won’t do anything:
“Watchdog Says Use 14th Amendment Against Lawmakers Who Betrayed Oaths on January 6
CREW argues there some current and future members of Congress should be disqualified from holding office, and failing to hold them accountable "imperils the very foundations of American democracy."”
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Organized society is unraveling with the biosphere’s collapse:
“Europe’s Energy Crisis Will Not Be “A One Winter Story””
https://oilprice.com/Energy/Energy-General/Europes-Energy-Crisis-Will-Not-Be-A-One-Winter-Story.html
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Ecocide (aka “profit” rules Wall St):
“Wall Street Fatcats Reject Congresswoman's Call to Stop Financing Fossil Fuels
Tlaib points to carbon emissions as well as asthma, other ailments”
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Cheap, albeit environmentally devastating, energy subsidizes profits of the rich:
“The US Industrial Complex Is Starting to Buckle From High Power Costs
Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.”
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“The drying of the Colorado and Rio Grande rivers
Catch up on some of the top recent coverage of historic drought plaguing two of North America’s threatened rivers.”
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“Russia's wheat harvest could hit a record 100 million tons this year, but a perfect storm of economic conditions is keeping it from being exported”
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America is guilty of human rights violations:
“The Department of Homeland Security May Have Conspired With Ron DeSantis to Kidnap Migrants”
“Florida governor Ron DeSantis’s kidnapping of dozens of migrants as a political stunt is disturbing. More troubling is the help he seems to have gotten from the Department of Homeland Security, a pro-MAGA federal agency that’s been quietly amassing vast powers.”
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