Hyperinflation In Europe’s Power Markets Is Disastrous For Working-Poor Ahead Of Winter

Hyperinflation In Europe’s Power Markets Is Disastrous For Working-Poor Ahead Of Winter European natural gas and electricity prices are unlikely to ease in the coming months ahead of what could be a costly winter season for stressed-out consumers. The price increases for natgas and power are unusual for this time of year, raising concern prices will remain…

Bitcoin crashes on first day as El Salvador’s legal tender – BBC News


…The government has even given Salvadorans $30 each of Bitcoin to encourage

its adoption. It says bitcoin could save the country $400m a year in
transaction fees on funds sent from abroad.

However, using data from the World Bank and the government, the BBC calculates this to be closer to $170m…

Shipping cost surge raises retail price pressures and inflation risks – ABC News


  • Soaring demand for physical goods has increased congestion and delays at the world’s ports and pushed up shipping costs
  • The price of products like canned food, shoes, clothes, and computers could increase if retailers start to pass on the higher freight and input costs
  • The cost of shipping a 40 foot container from Shanghai to Sydney on the spot market has doubled

Cotton price hike strains RMG makers


…Fabric has become costlier as cotton prices almost doubled in a year, but local dressmakers say they cannot revise their prices upward
accordingly, keeping in view the low demand in the market and the decline in people’s purchasing capacity in these pandemic days…

Cotton prices expected to rise in August-January 2021-22: TexPro – Fibre2Fashion


…There is also a surging demand for cotton from the West (read the US and
Brazil) from Bangladesh, Turkey and southeast Asian economies, especially Vietnam. Also, favourable trading conditions have been
observed in cotton yarn. In all, total global consumption has exceeded
26 million tonnes….

The Process of Ending Massive Money Printing Has Started | Wolf Street

ECB is second giant to taper. Bank of Japan already ended QE. Bank of Canada shed 15% of its assets. Bank of England & Reserve Bank of Australia are tapering. Reserve Bank of New Zealand quit QE cold turkey…

Colonial First State deceives super customers 13,000 times – ABC News

Comment by tonytran2015: Compulsory superannuation in Australia has created rip-off, fraudulent markets for Superannuation Fund Managers. The financial illiterate, forced contributors lose heavily.


Colonial First State deceives super customers 13,000 times

A court has found that the Commonwealth Bank-owned investment firm
Colonial First State (CFS) misled and deceived superannuation customers
to keep them in a higher fee fund.

In a case brought by the corporate regulator, the Federal Court ruled the trustees of CFS’s First Choice fund were liable for encouraging members of the
fund to remain rather than move to a cheaper MySuper product, a low-fee

product required by law.

Business Secretary to block Chinese bid to take over British chip-maker after national security fears | ukgovernmentwatch


The takeover of a Welsh graphene maker could be blocked after Kwasi Kwarteng intervened on national security grounds.

The Business Secretary has ordered an investigation into an attempt to buy Perpetuus Advanced Materials by a company called Taurus International and a Chinese scientist.

There are also concerns about Aberystwyth university academic Zhongfu Zhou’s involvement in the merger.

Zhou was educated in China at the prestigious University of Science & Technology in Beijing, where he gained a PhD in 1998. After years of research at other institutions – including Oxford – he moved to Aberystwyth in 2010. He is listed as being Perpetuus’ chief nanotechnology specialist.

It is the second national security interventionKwarteng has launched in a matter of weeks after he waded into the sale of Ultra Electronics to Advent International last month.

Advent, through its British group Cobham, is trying to buy the submarine-hunting kit maker for £2.6billion. The Competition and Markets Authority will now have until February to prepare a detailed report on the potential takeover of Perpetuus – and the Secretary of State will then make a decision.

Few details about the deal have been released so far.

Taurus International Ltd was registered last year by a property businessman called Victor Gembala, according to records on Companies House. It is not clear how much Taurus and Zhou are offering for Perpetuus or how the deal has been structured. But the company’s strategic significance has been underlined, as at least a quarter of a particular type of graphene technology and services supplied in the UK come from Perpetuus.

Perpetuus is to provide functionalized graphene, in sheet or roll form, for G24’s production of a range of advanced graphene-enabled components

Stronger than steel and thinner than paper, Graphene is widely expected to become a key ‘super-material’ of the future.https://www.dailymail.co.uk/money/markets/article-9963483/Business-secretary-Kwasi-Kwarteng-wades-graphene-maker-takeover.html

JAggelos, Salisbury, United Kingdom,
They are pumping it into our water supply, Chem trailing it in the air we breath and filling the jabs with it! Neuro control! Tin foil hat conspiracy theories? Read the peer reviewed scientific papers, especially those published for those working with the CIA and other interesting organisations who of course have our best interests at heart. What could possibly go wrong?

Angel Mail, Somewhere, United Kingdom,
It’s in the vaccines. No wonder they want it.

Still Fed Up, Middle of nowhere, Antarctica,
Stop it. China just steals technology.

blencathra, RUGBY, United Kingdom
and don’t forget the yanks hoovering up everything

GW: Perpetuus concludes successful trials of graphene-enhanced tires – with an average increase of 40% in wear resistance


Neither a borrower nor a lender be : Meaning of this Hamlet Quote


Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
(Act 1, Scene 3: Line 75)

Meaning and context of “neither a borrower nor a lender be” quote

Polonius tells his son Laertes, that he should not lend or borrow money from a friend,
as it may result in losing both friendship and money. His logic appears
to be coming from his experience. If he lends money to a friend, the
friend will avoid paying it back. If he borrows money from someone, he
will become a spendthrift.

Comments by tonytran2015:

The bible has some teaching on lendings

17. Psalm 37:21-24 The wicked borrow and do not repay, but the righteous give generously; those the Lord blesses will inherit the land, but those he curses will be destroyed. The Lord makes firm the steps of the one who delights in him; though he may stumble, he will not fall, for the Lord upholds him with his hand.

23. 2 Thessalonians 3:7-10 You
yourselves know that you should live like we do. We were not lazy when
we were with you. We never accepted food from anyone without paying for
it. We worked and worked so that we would not be a burden to any of you.
We worked night and day. We had the right to ask you to help us. But we
worked to take care of ourselves so that we would be an example for you
to follow. When we were with you, we gave you this rule: “Whoever will not work should not be allowed to eat.”


This Is a Sign that Price Inflation Will Soon Get Worse | Mises Wire | MCViewPoint


Slowly, but surely, the public began to realize: “We have been waiting for a return to the good old days and a fall of prices back to 1914. But prices have been steadily increasing. So it looks as if there will be no return to the good old days. Prices will not fall; in fact, they will probably keep going up.” As this psychology takes hold, the public’s thinking in Phase I changes into that of Phase II: “Prices will keep going up, instead of going down. Therefore, I know in my heart that prices will be higher next year.” The public’s deflationary expectations have been superseded by inflationary ones.


Connor Mortell

Recently here on Mises Wire, Sammy Cartagena wrote a brilliant article demonstrating that Two Percent Inflation Is a Lot Worse Than You Think. In it, he demonstrates that the manageable 2 percent inflation year over year we all have gotten used to is a whole lot less manageable than we tend to think. But in it, he also cited explaining that “over 23 percent of all dollars in existence were created in 2020 alone.” From that he explains that while future inflation is important, he is focused on past inflation for the sake of his article, which is where these two articles diverge because this will be questioning future inflation. Anyone paying attention has seen that there has obviously been inflation this past year whether through price increases or more subtle ways to sneak inflation into the economy. However, when we look at the massive spending bills and the aforementioned fact that over 23% of dollars have just recently been ushered into existence, it leaves many asking why has there not been proportionally drastic inflation?

The major piece that is holding back even more inflation than we’ve already seen is a public expectation of a return to normal…