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Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Authored by Michael Snyder via The Economic Collapse blog,
No matter what happens now, the world is facing a very painful energy crisis. Let’s be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions starting tomorrow. Before normal traffic through the Strait could resume, Iran would first have to remove all of the mines that they have laid in...
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Jun 30, 2026 / Tyler Durden
US Home Prices Drop For 3rd Straight Month
US Home Prices Drop For 3rd Straight Month
Home prices in America's top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did... but only marginally.
Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY...
Source: Bloomberg
"Monthly price movements show seasonal strength masking underlying softness," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
The...
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Aug 19, 2026 / Dave DeCamp
Trump Says He Intends To Meet With North Korean Leader Kim This Year
President Trump said Wednesday that he plans to meet with North Korean Leader Kim Jong Un sometime this year, though Pyongyang has not yet confirmed that Kim is interested in talks. “I get along with him well,” Trump said, according to The Washington Post. “And you know what? The fact that I get along with […]
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Jun 26, 2026 / Joshua Mawhorter
The Myth of Nationalist Victory: The Articles of Confederation and the Bank of North America
Were stronger central government under the Articles of Confederation and a central bank really necessary to win the American Revolution, as conservative nationalists of the era claimed?
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