Tag Archives: economy outlook

Oil: The US is in for a Bumpy Ride.

You are right to think that the US is in for a bumpy ride, it is, and for the reasons I and others have been going on about for more than a decade.

The core issue that connects all the significant actors, in different ways, is energy – its supply and its cost.

Right now US tight hydrocarbon firms are pumping for all their worth in order to generate cash flow to enable them to pay their loans. They are stuck. They simply can not reduce output by one iota, they have no choice but to pump and pump no matter how much money they lose.… Click here to continue reading this article

Why the US Economy is Finished. The Managed Decline of the USA by Russia & China.

The United States is the greatest threat to world peace. This is because it is lashing out because its economy is collapsing.

Lets think about this.

America is slowly collapsing. Their economy is a ponzi scheme, propped up by world use of the dollar. However, Russia, Iran, China and some other BRICS countries are leading a long overdue de-dollarisation of the world.

A strong economy needs to manufacture stuff and export.

In Europe, what do we actually buy that is made in America?

Something that most Americans don’t get is just how little we see of American products.… Click here to continue reading this article

2013 Musings from Togliatti, Russia: Cost of Living, Money and Finances

Note: Values are in £ Sterling. There are 100 pence (p) in £1. Those who think in Dollars must multiply by 1.5 to get a Dollar figure. Thus, £100 is $150, 30p is 45c, etc. You get the idea…

My wife is fond of telling me “people” earn £200 a month in Russia. I don’t know why she says this, as I never met anyone I supposed was on £200 a month for a long, long time. I since pointed out that she hasn’t lived there full time since 2005 and things may have changed.… Click here to continue reading this article

The Weak, Collapsing Pound against the Euro and Dollar.

As recession bites deeper into the United Kingdom, our usually strong pound has recently been derided as a “Peso Pound” abroad.

At the time of writing, a pound is worth $1-44, One Euro or Forty-One Russian Rubles. A collapse of over 25% in just a few short months.

Anybody with a second home in Europe or the USA, who did not stack ample cash reserves in those currencies already, will already be feeling the pain in the form of increased sterling equivalents when paying their Euro or Dollar denominated mortgages.

Anybody in the Euro zone or the USA who receives income in £ sterling will be similarly reeling, as are holidaymakers and importers.… Click here to continue reading this article