Thought for the day

"News is what someone wants to suppress. Everything else is advertising." -- former NBC news President Rubin Frank

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The latest domino to fall in the current global economic order is food production, which is slowly grinding to a halt in Europe due to the ongoing energy crisis.

It is no longer affordable or even possible to produce the fertilizer needed to grow enough food for current population levels. Fruit and vegetable producers across northern and western Europe say they are having to shut down their greenhouses.

A Monday Bloomberg TV segment on the Ukraine war with an expert who has in the recent past advised three UN Secretaries-General didn't go the way the Bloomberg hosts thought it would. Jeffrey Sachs, who is the Director of the Center for Sustainable Development at Columbia University, posited the United Stats was likely behind the sabotage attacks on the Nord Stream 1 and 2 pipelines when asked about it. 

Europe is facing a deepening energy crisis as it prepares for a cold winter. Gas prices have reached record highs, and supplies are running low, stoking fears.

Here is what to know about the energy crunch and what is coming up in the next few months.

Emergency scenarios are being prepared in Sweden in case of power cuts. The Scandinavian country has had a dry and windless summer, which has resulted in less electricity being produced from renewable energy, while its nuclear power plants are not ready to supply consumers. Meanwhile, the economic situation is worsening as inflation skyrockets and housing costs continue to rise.

The video below is of a fantastic speech that was given by new (incoming) Italian prime minister Giorgia Meloni to the World Congress of Families in 2019.

UK Sends Frigate to North Sea After Nord Stream Attacks MikeRivero Wed, 10/05/2022 - 06:00

Last week, Nord Stream AG, the operator of the pipelines, reported a major pressure drop and leakage of fuel. The Swedish and Danish authorities later confirmed they had discovered two gas leaks, with the consensus being that the incident was the result of sabotage.

As evidence piles up that the Russian Nord Stream gas pipelines were deliberately sabotaged, Fox News host Tucker Carlson suggested Tuesday that the Biden regime is to blame.

Pressure in the Nord Stream 2 undersea gas pipeline dropped from 300 to 7 bars on Sunday night, followed by a similar occurrence in Nord Stream 1’s on Monday afternoon.

Explosions were detected in the vicinity off the undersea pipelines early Monday morning and Monday evening, registering 1.9 and 2.3 respectively on the Richter scale.

Putin places blame for Nordstream sabotage squarely on Biden after he threatened to shut it down over Ukraine invasion

Russian President Vladimir Putin has made it crystal clear that he blames the United States for sabotaging the Nordstream 1 and 2 natural gas pipelines last week after a video surfaced of President Joe Biden and other U.S. officials threatening to take them out if Russia invaded Ukraine.

Spot charter rates for the global liquefied natural gas (LNG) carriers are soaring due to a shortage of vessels. 

LNG shipping rates have been dramatically impacted by energy supply chain disruption due to the Russian invasion of Ukraine. The LNG shipping sector is booming even more as rates near record highs following the bombing of the Nord Stream pipeline system last week.