Ripped From The Headlines, November 22, 2022
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“World’s Most-Crucial Fuel Heads for Shortage Touching Everything”
“Within the next few months, almost every region on the planet will face the danger of a diesel shortage at a time when supply crunches in nearly all the world’s energy markets have worsened inflation and stifled growth.
The toll could be enormous, feeding through into everything from the price of a Thanksgiving turkey to consumer bills for heating homes this winter. In the US alone, the surging diesel cost will mean a $100 billion hit to the economy, according to Mark Finley, an energy fellow at Rice University's Baker Institute of Public Policy.
‘Anything and everything that gets moved in our economy, diesel is there,” Finley said. “Moving stuff around is one thing. People potentially freezing to death is another.’
In the US, stockpiles of diesel and heating oil are at their lowest point ever for this time of year in data going back four decades.”
“Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity”
“Households, retailers and charities nationwide, feeling the pinch of inflation, are bracing for a humbug holiday season.
U.S. consumers and businesses have trimmed spending plans for gifts, charitable contributions and holiday events, data show. The penny-pinching threatens to spoil the year-end for many, especially firms and nonprofits that tally their largest share of sales and donations in November and December.”
“FTX Collapse Ensnares Creditors Big and Small All Over The World”
“From a German bank seeking a more than $2 million payment to a Chinese investor requesting $21,000 of lost savings. Claimants around the world who were caught up in the epic collapse of FTX Group are beginning to appear in court filings.
And unlike the very largest creditors, the claimants’ names haven’t been redacted, according to documents released recently in Delaware. They provide an insight into the sprawling nature of Sam Bankman-Fried’s crypto empire -- and the daunting task faced by insolvency practitioners in figuring out who is owed what. The case involves more than a 1 million creditors and may take years to wrap up.”
As The World Turns Tuesday, Ripped From The Headlines. Things To Ponder:
Remember when they told us we wouldn’t run out of diesel fuel or have a problem?
Doesn’t look like that panned out, did it?
But, if you’ve been following Sherloc Exposes, you knew that it was coming… and that the shortage would impact EVERYTHING.
As the saying goes, that’s the shot…
Here’s the chaser: Union Pacific CEO called to hearing in Washington as risk of rail strike rises.
These two things DO NOT mix well together.
Is it surprising at all to you that stressed out Americans plan to buy and donate less?
You’re probably one of them…
And it’s not that you don’t want to - we have a desire to help others…
But when you’re being stripped of all of your wealth by life being weaponized against you, there isn’t much left.
Oh yeah, the #FTX thing…
We’ve covered that pretty extensively (see our interview with Nick V here), but what caught our attention is how the major creditors names are redacted in the filings…
What are they afraid of?
Could it be that they are household names, who, if it got out they were asleep at the wheel, would tank their business?
That should scare you…
Remember, all of the major banks are already insolvent because they don’t have to report their “short positions” (things that they are betting will go down in value) on their financial filings… thanks to Congress.
What Does This Mean?
The rough road isn’t ahead anymore…
IT IS HERE NOW.
The world you know, with many of its conveniences, is going to change.
This means real pain. What do you think happens when the supplies run out and the supply chain stops?
Nothing good. Remember Argentina?
Why Should I Care?
These headlines alone should answer that for you, but just remember you’re not immune from this - doesn’t matter how much you have, where you live, or anything else.
You should REALLY care.
What Should I Do?
Get moving on your preparations.
NOW.
If you can get to Costco or Restaurant Depot or Gordon or any equivalent…
Why the urgency? Check out what we found during our latest Costco adventure:
Do it ASAP and get prepared.
YOUR FUTURE DEPENDS ON IT.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
Have a tip on a story, case, or issue that needs to be covered? Email us: asksherloc@protonmail.com. Confidentially assured.