Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls

From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like Authored by Bryan Lutz via DollarCollapse.com, “A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy.” ~ Ludwig von Mises, The Theory of Money and Credit (1912) Empires don’t announce their decline. They reveal it in the data… And...

Jim Quinn Warns "We've Already Entered This Fourth Turning's Global War..." Authored by Jim Quinn via The Bruning Platform blog, “THESE are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.” – Thomas Paine – The American Crisis “At...

Still The (Military) Base Case By Michael Every of Rabobank Hormuz traffic is climbing, but refined product prices are lagging, and crack spreads are blowing out: one can’t just look at the oil price to understand the overall energy dynamic. On the geopolitical front, things are also still mixed. Talks about the US-Iran MoU in Doha, without either side speaking to the other, went well according to the US, who are staying on for what could be indirect talks today. However, the Wall Street Journal reports Iran is split, with political leadership...