history, economics, and current events

Updates

Updates

Important updates from around the world.

USA:

Joe Biden’s name in his son Hunter Biden’s phone is “Pedo Pete.” Joe sold oil from the US strategic petroleum reserve to the Chinese oil company Sinopec, which had ties to Hunter.[1][2]

The US housing market is collapsing.[3]

The 2 year US treasury is yielding more interest than the 10 year treasury (sign of an impending recession/depression). The 2 year yields 3.15% and the 10 year yields 2.967% (Thursday July 14, 2022). Longer term loans normally yield more interest. They began inverting initially in late March for a few days and started inverting again on July 5.[4][5]

Europe:

Russia has shut down the Nord Stream pipeline to Western Europe for repairs until July 22; which, combined with anti-Russian sanctions, is making fossil fuels more expensive for Europeans. Ergo, the EU is going into a recession and the euro is collapsing in value vs the dollar to less than it was when it first replaced EU member state’s national currencies in 2002 (less than 1:1). The euro had been more valuable than the dollar for the past 20 years. [6][7][8]

The farmers in the Netherlands (boers) are shutting down the distribution of food and fuel over a Dutch law which makes nitrogen so expensive that many boers will be put out of business. Farmer protests are extending to Italy and Germany.[9][10][11]

Italian prime minister Mario Draghi attempted to resign but the Italian president forbid it. Draghi was the president of the European Central Bank prior to current president Christine Lagarde. [12]

Asia:

There are bank runs in China. China’s housing market make the USA’s look sound in comparison.[13][14]

Sri Lanka is imploding or having a revolution because they’ve run out of fuel after the government mandated organic farming and outlawed much fertilizers in 2021 (the boers have been paying attention). The Sri Lankan people over ran the presidential palace and the president has fled the country.[15]

The Japanese yen continues its death spiral.[16]

Africa:

Libya has stopped producing and exporting most of its oil capabilities due to their ongoing soft civil war.[17][18]

Latin America:

The president of Mexico, Andres Obrador, in an interview with Joe Biden, spoke about US citizens traveling across the border to buy cheap gas from Mexico.[19]

[1]https://dailycaller.com/2022/07/11/4chan-hack-hunter-biden-nude-photos-videos-texts/

[2]https://thefederalist.com/2022/07/08/biden-sold-oil-from-emergency-reserves-to-chinese-gas-giant-tied-to-his-scandal-plagued-son/

[3]https://www.cnbc.com/2022/07/12/us-real-estate-markets-that-are-cooling-the-fastest.html

[4]https://www.cnbc.com/bonds/

[5]https://ycharts.com/indicators/10_2_year_treasury_yield_spread

[6]https://www.reuters.com/business/energy/europe-edge-nord-stream-russian-gas-link-set-planned-shut-down-2022-07-10/

[7]https://www.breitbart.com/europe/2022/07/02/imported-energy-crisis-sees-wood-burning-stoves-dry-firewood-sell-out-in-germany/

[8]https://www.cnbc.com/2022/07/12/euro-and-us-dollar-near-parity-heres-what-that-means-for-travelers.html

[9]https://twitter.com/EvaVlaar/status/1545210414665007104

[10]https://thecountersignal.com/dutch-farmers-blockade-refugee-centre/

[11]https://www.riotimesonline.com/brazil-news/modern-day-censorship/more-countries-join-in-europes-farmers-revolt-has-just-begun/

[12]https://www.economist.com/europe/2022/07/14/mario-draghi-italys-prime-minister-tries-and-fails-to-resign

[13]https://www.theguardian.com/world/2022/jul/11/china-violent-clashes-at-protest-over-frozen-rural-bank-accounts

[14]https://www.youtube.com/watch?v=DF__Gr_NVok&t=918s

[15]]https://www.cnn.com/2022/07/12/asia/sri-lanka-crisis-gotabaya-rajapaksa-airport-intl/index.html

[16]https://www.japantimes.co.jp/news/2022/07/14/business/financial-markets/yen-fresh-low-138/

[17]https://www.bloomberg.com/news/articles/2022-06-29/libya-halts-oil-exports-from-ras-lanuf-port-amid-politics-crisis

[18]https://www.washingtonpost.com/world/2022/06/15/libya-oil-output/

[19]https://www.zerohedge.com/personal-finance/amlo-exposes-american-exodus-buy-cheap-mexican-gas

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