Germany’s Power Grid Faces Collapse As Millions Stock Up On Inefficient Electric Heaters For The Winter
By Tyler Durden Maybe they ran out of firewood to buy. A few weeks after we reported that Google searches for “firewood” exploded in Germany,…
Tyler Durden
Alarm Bells Sound As World’s Second Largest Appliance Company Reports Demand Plunge
By Tyler Durden Swedish appliance maker Electrolux AB announced a cost-reduction program after reporting a plunge in demand for its home appliances across Europe and the…
US Navy’s “Death Star” Destroyer Will Be Armed With Laser Guns And Hypersonic Missiles
By Tyler Durden The US Navy’s next-generation guided missile destroyer will be armed with directed-energy and hypersonic weapons. Tom Stevens, the director of ground assembly…
Average US Credit Card Rate Hits Highest On Record
By Tyler Durden While the Fed’s rate-hiking cycle is about to push the overnight Fed Funds Rate to 2.50% in two weeks, banks have so…
Cash Handouts To Canadians Could Spark “Inflationary Fire,” Economists Warn
By Tyler Durden While the Bank of Canada is locked in a period of oversized interest rate increases to combat the highest inflation since the early 1980s,…
Swiss Social Media Abuzz Over “Rat Out Your Neighbor” Energy Use Posters
By Tyler Durden As Switzerland takes drastic measures to reduce its gas use this winter – including fines and up to three years in prison…
“No Choice But Intervention” — Belgium PM Fears “Severe Risk Of Social Unrest”
By Tyler Durden “A few weeks like this and the European economy will just go into a full stop…” That is the ominous warning of…
Navy Denies FOIA Request To Publish Secret UFO Videos, Due To “National Security'” Risk
By Tyler Durden The US Navy published three videos revealing unidentified flying objects (UFOs) — or unidentified aerial phenomena (UAP) — in 2020. Those stunning videos shot…
Iran Hit With New US Sanctions After Massive Cyberattack On Albania
By Tyler Durden On Friday the US issued new sanctions targeting Iran, particularly against Iran’s Ministry of Intelligence and Security (MOIS) and its Minister of…
ECB Scrutinizes Banks’ Readiness For Possible Tsunami Of Energy Company Defaults
By Tyler Durden As we detailed in Trillions In “Liquidity Support Is Going To Be Needed” As Swiss, Finns Join Europe’s Bailout Brigade and Sweden, Austria Start Bailing…
California’s Power Grid Turmoil Spurs Diesel Demand For Generators
By Tyler Durden A record-setting heat wave pushed California’s power grid to the limit this week as California Independent System Operator (CAISO) called for customers…
Maryland County To Enforce Youth Curfew After “Armed And Dangerous Children” Spark Murderous Month
By Tyler Durden A county in Maryland near Washington, D.C., just recorded the deadliest month in decades. Local government officials are fed up with the…
Europe’s Nightmare Scenario Comes True: Energy Bills To Rise By €2 Trillion, Will Reach 20% Of Disposable Income
By Tyler Durden What is the scale of the energy challenge? We got a very shocking sense of the staggering numbers involved in the existential,…
“Sell My Car” Search Trends Explode 222% To All Time High In September
By Tyler Durden It looks as though the spike in used-car prices that we endured through 2021, and that continued as a result of the…