Soaring food, energy, and shelter inflation have led to what could be a new era of civil unrest worldwide. Pockets of unrest have been observed in Sri Lanka, Peru, Kenya, Ecuador, Iran, and Europe. New research forecasts a broader wave of discontent is just ahead. While this topic of developing social unrest is hardly new, we discussed it in late 2020, “Why Albert Edwards Is Starting To Panic About... 

Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … on Monday, Germany will take one step... 

Numerous U.S.-based food distributors are “reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain,” new reports reveal. Distribution giant Sysco, one of North America’s largest wholesale food distributors, is now having to turn away customers in some areas where demand exceeds capacity, resulting in empty shelves and growing panic. Inflation is only exacerbating... 

Germany’s biggest lender, Deutsche Bank, has basically stolen 20 tons of gold belonging to Venezuela as collateral after Caracas defaulted on a gold swap agreement valued at US$750 million. The seizure comes as part of a deal clinched between the Bolivarian Republic and the lender as early as 2016, Bloomberg reports. Under the terms of the agreement, Venezuela received a cash loan from Deutsche... 

A 2.4 kg chicken is worth 14,600,000 bolivars, or $2.22. Inflation in communist Venezuela this year could top one million percent, the International Monetary Fund (IMF) predicts. This gallery puts the buying power of today’s bolivar into perspective. A kilogram of meat costs 9,500,000 bolivars, or the equivalent of $1.45. Hyperinflation destroys purchasing power of money and encourages hoarding... 

Venezuela is facing one of the worst hyperinflationary crises in modern history, according to the International Monetary Fund (IMF). It expects the country’s economy to contract by 18 percent this year amid falling oil production – the third consecutive year of double-digit declines, and three points worse than projected in May. “We are projecting a surge in inflation to 1,000,000 percent by... 

In a stark flashback to the events that led to Zimbabwe’s terminal collapse into banana republic status, as well as unleashing hyperinflation and economic devastation, on Thursday South African President Jacob Zuma pledged to break up white ownership of business and land to reduce inequality, in a State of the Nation address which as the WSJ reports was disrupted by a fistfight, walkouts and... 

On Thursday, Donald Trump told CNBC that his solution to dealing with the $19 trillion-plus national debt involves a form of default such as repurchasing existing bonds at a discount. The media jumped all over him calling his idea “insane” and warning that it would tank the economy or set off an “unprecedented financial crisis.” They are right that it would set off an unprecedented financial... 

The food lines start at 5 AM and last until 3 PM. A food line in Socialist Venezuela of great communist leader Bernie Sanders! Oppps sorry we meant Hillary Clinton! Uhhh no, we meant Stalin! Ok ok, its Nicolas Maduro! Baaah whatever, same red communist scum, different names, Maduro, Bernie, Hillary the Mao suit witch who always dresses up like Mao Zedong… So! The economic climate is so bad in... 

In recent weeks, two independent journalists traveled undercover to document their experience in the socialist “paradise” of Caracas, the murder capitol of the world, and lived to share an incredible video showing the ultimate conclusion of a state run economy. Venezuela is in the midst of a complete economic collapse, with all the typical symptoms, including hyperinflation, government price... 

Brazil’s inflation climbed above 10 percent in November reaching the highest level in 12 years. Brazil’s inflation climbed above 10 percent in November reaching the highest level in 12 years, the government announced on Wednesday. Consumer prices over the past month stood at 10.48 percent – a figure that was above expectations and could force tighter monetary policy despite a severe recession. The... 

Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the... 

Finally we ran across an image of this bank note! We knew about it for about 1.5 years now, but we had yet to see an actual image of it. We ran across a picture of it today, plus two more similar images of a 50 Trillion and a 10 Trillion denomination. Keep in mind that Zimbabwe was an ex-colony of England and under European leadership this country developed smooth and fast. It used to be called Rhodesia... 

The National Inflation Association today released the following statement to its http://inflation.us members: “While most mainstream economists such as Nouriel Roubini are warning of deflationary threats to the U.S. economy, it is our belief that massive price inflation has already begun. The Federal Reserve’s policy of massive monetary inflation in 2009 has caused the Dow Jones to bounce...