Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.

[Blasterbot]

so out of curiosity I looked up the difference between recession and depression.

A recession is a downtrend in the economy that can affect production and employment, and produce lower household income and spending. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity. Recessions can also be more localized, while depressions can have global reach.

according to merrium webster at least.

so if we think the economic ripples will be global and we will see a decline in GDP and a large spike in unemployment then this could be considered a depression. at the very least I think it will be one by fall with how fuel prices and food prices look to be going. where I am some farmers are already looking into crop insurance.

 

[gral]

China says it wants to expand BRICS bloc of emerging economies

China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday.

www.reuters.com

I'm not suprised.

Interesting. China(and Russia, for somewhat different reasons) has kind of ignored BRICS since 2016-7, just paying lip service to it (something that isn't good for Brazil, who's the country that gains the most with BRICS and may very well be its most enthusiastic supporter). China looking back at BRICS may be due to one of two reasons(or both, they aren't opposed to each other):

- China feels its diplomatic strategy has failed, so it's time to go back to a previous one(good for Brazil);

- China is trying to become the undisputed master of BRICS, with all new countries going into BRICS being Chinese patsies(not good for Brazil).

My opinion right now it's a mix of both reasons, with reason 1 being more important right now, and reason 2 to become important later.

 

[DarthOne]

Two women fight over the last of the baby formula on the shelves at a Target in Massachusetts.

 

[Cherico]

So when do we get to the shit has gotten real point

 

[Floridaman]

So when do we get to the shit has gotten real point

When we get full scale food riots..... so as we are going two months from now

 

[Blasterbot]

So when do we get to the shit has gotten real point

when the lady recording it instead of trying to shame her just attacks her instead.

 

[Arch Dornan]

BREAKING: Washington gas stations run out of gas, one adds extra digit in anticipation of $10 dollar prices

A spokesperson at 76 confirmed to The Post Millennial that the gas pumps were reprogrammed to allocate for double-digit pricing.

thepostmillennial.com

Whoop whoop.

 

[Arch Dornan]

Rail strike will bring 'Summer of Discontent', unions vow

Union bosses are planning to unleash hell for railways as the Rail, Maritime and Transport Workers (RMT) union ballots for strike action - potentially disrupting food and fuel freight trains.

www.dailymail.co.uk

Strike strike strike.

 

[Agent23]

More coverage on the food crisis and the stagflation.
But the free market will provide, but Canada and India and the USA...yeah, looks like no, the supply is not that elastic, and India, the USA and Canada can't just flip a switch and compensate.
And the central banksters keep on printing and keeping interest rates low.

 

[Agent23]

Tucker comments on inflation, again.

 

[DarthOne]

WOW! Joe Biden Admits Its ALL On Purpose: “When It Comes to Gas Prices, We’re Going Through INCREDIBLE TRANSITION – God Willing, We’ll Be Less Reliant on Fossil Fuels” (VIDEO)

WOW! Joe Biden Admits It's ALL On Purpose: "When It Comes to Gas Prices, We're Going Through INCREDIBLE TRANSITION - God Willing, We'll Be Less Reliant on Fossil Fuels" (VIDEO) | The Gateway Pundit | by Jim Hoft

Oops!

www.thegatewaypundit.com

Oops! Old Joe said the quiet part out loud.

Speaking to reporters in Japan on Monday, Joe Biden admitted that the current record gas crisis in America is ALL ON PURPOSE.

On Monday the US saw its 12th straight day of record all-time high gas prices.

We also learned this weekend that the Biden regime was not issuing ANY new drilling permits during this current crisis. They said it was a math error when they were confronted.

Joe Biden: When it comes to the gas prices, we’re going through an incredible transition that is taking place that God willing when it’s over we’ll be stronger and the world will be stronger and less reliant on fossil fuels.

The pain you’re feeling at the pump is on purpose. They want you to suffer.

Wait til these idiots find out we don’t have clean energy replacements for our energy needs! Then things are really going to get real.

 

[Bacle]

 

[Arch Dornan]

Hungary's Orban turns again to windfall taxes on banks, companies to plug budget

Hungary's government will impose windfall taxes on banks' and large private companies' "extra profits" in a bid to rein in a swelling budget deficit, turning again to a policy that has helped Viktor Orban avoid raising taxes for families.

www.reuters.com

Well played. It's not as hard demanding companies to cough it up through taxes rather than what Poland did.

 

[Agent23]

Hungary's Orban turns again to windfall taxes on banks, companies to plug budget

Hungary's government will impose windfall taxes on banks' and large private companies' "extra profits" in a bid to rein in a swelling budget deficit, turning again to a policy that has helped Viktor Orban avoid raising taxes for families.

www.reuters.com

Well played. It's not as hard demanding companies to cough it up through taxes rather than what Poland did.

Yeah, the theory is that this is part of his preparations for the EU's impending attack on Hungary's economy.

 

[Arch Dornan]

Телефонный разговор с премьер-министром Италии Марио Драги

По инициативе итальянской стороны состоялся телефонный разговор Владимира Путина с Председателем Совета министров Итальянской Республики Марио Драги.

kremlin-ru.translate.goog

The situation in Ukraine was discussed. In particular, Vladimir Putin informed about the ongoing work to establish a peaceful life in the liberated cities of Donbass. He spoke in detail about the steps taken to ensure the safety of navigation, including the daily opening of humanitarian corridors for the exit of civilian ships from the ports of the Azov and Black Seas, which is hindered by the Ukrainian side. Also, fundamental assessments of the negotiation process frozen by Kyiv are given.

The state of affairs in the field of global food security is considered in detail. Noting the groundlessness of Russia’s accusations of problems with the supply of agricultural products to world markets, Vladimir Putin drew attention to the fact that the difficulties that have arisen are related, among other things, to disruptions in the operation of production and logistics chains, as well as the financial policy of Western countries during the coronavirus pandemic. The situation was aggravated due to anti-Russian restrictions imposed by the United States and the European Union.

Vladimir Putin emphasized that the Russian Federation is ready to make a significant contribution to overcoming the food crisis through the export of grain and fertilizers, provided that politically motivated restrictions from the West are lifted.

When discussing energy security issues, the intention of the Russian side to continue to ensure uninterrupted supplies of natural gas to Italy at prices fixed in contracts was confirmed.

 

[ATP]

Телефонный разговор с премьер-министром Италии Марио Драги

По инициативе итальянской стороны состоялся телефонный разговор Владимира Путина с Председателем Совета министров Итальянской Республики Марио Драги.

kremlin-ru.translate.goog

Either he is idiot,or consider us idiots.He is blocking ukrainian grain,not martians.And he started war,not anybody else.
If he wonted peace,he would stop attacking and widraw to 2014 border.
And Italy - i am not suprised,they are Moscov supporters,just like germans.

 

[Arch Dornan]

Putin hikes Russian pensions, plays down Ukraine impact on economy

President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine.

www.reuters.com

Must be because of the ruble going up.

Either he is idiot,or consider us idiots.He is blocking ukrainian grain,not martians.And he started war,not anybody else.
If he wonted peace,he would stop attacking and widraw to 2014 border.
And Italy - i am not suprised,they are Moscov supporters,just like germans.

When he has shit people need he has leverage which is why gas for rubles happened.

 

[ATP]

Putin hikes Russian pensions, plays down Ukraine impact on economy

President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine.

www.reuters.com

Must be because of the ruble going up.

When he has shit people need he has leverage which is why gas for rubles happened.

People do not need his shit.Germans want his gas becouse they are his allies,but they do not need it,too.Gas for rubel happened becouse germans are Moscov allies.

And that do not change fact,that he started war and stopped Ukraine grain export,which mean,that he is responsible for hunger,nobody else.
And ,when he is blaming West for his own crimes,he is only prooving that he is idiot.

 

[Arch Dornan]

People do not need his shit.Germans want his gas becouse they are his allies,but they do not need it,too.Gas for rubel happened becouse germans are Moscov allies.

And that do not change fact,that he started war and stopped Ukraine grain export,which mean,that he is responsible for hunger,nobody else.
And ,when he is blaming West for his own crimes,he is only prooving that he is idiot.

The thing about that is if other people believe his shit and especially if they're cucks for Russian gas which the Greek tanker businesses told the Greek government to shut the fuck up about or it's goodbye to their election chances.

Moreover if they want to maintain the pretense they pay extra for the tankers to switch labels so the gas isn't officially Russian.

 

[Agent23]

Телефонный разговор с премьер-министром Италии Марио Драги

По инициативе итальянской стороны состоялся телефонный разговор Владимира Путина с Председателем Совета министров Итальянской Республики Марио Драги.

kremlin-ru.translate.goog

Either he is idiot,or consider us idiots.He is blocking ukrainian grain,not martians.And he started war,not anybody else.
If he wonted peace,he would stop attacking and widraw to 2014 border.
And Italy - i am not suprised,they are Moscov supporters,just like germans.

Italy is a massive beneficiary of the ECB's sovereign bond buying programs and negative interest rates, Super Mario, despite being a former Goldman-Sachs bankster and ECB head has not implemented any of the reforms that should improve conditions, and the place already has something like over 20% youth unemployment and that was prior to COVID.
If the inflation keeps on growing, the Euro weakens and energy becomes more expensive, or even stays at the current above-trend prices, something is gonna give and the first place to go bonkers would be Italy itself.
Even if the ECB is forced to tighten so as to stop inflation and protect the Euro, that will fuck over Italy royally.
The dirty leech is protecting his position, and the Brothers of Italy and Lega Nord are allegedly sharpening their knives and salivating at the chance of some Mario-kebab.
So, the slimy piece of shit's only out is a quick peace and resumption of bilateral trade between the EU and Russia, with that hopefully moderating inflation enough as to stop the ECB from changing its retarded policies.

Putin does not secretly control Yurup, not enough vodka and adrenochrome, and he is too thin to be a reptillian in disguise!