by Rod Dreher
The lights are literally going out all over Europe. But there is hope.
I just finished a great breakfast in Miami, where folks who had been here for the National Conservatism conference are packing up to head home. I’ll tell you about the good news … after the bad news.
The bad news is that we are all in for very hard times, and soon. I have spoken to several people in a position to know these things, and the consensus is that global hyperinflation is on its way. The energy crisis in Europe is much worse than our media have been telling us. I saw this analysis in Legal Insurrection this morning, and it reflects exactly what I’ve heard from European insiders these past few days. Excerpt:
It might be worse. I saw this tweet thread by Finnish economist and professor Tuomas Malinen:
I am telling you people that the situation in #Europe is much worse than many understand. We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies. Short thread. 1/4
We are also totally at the mercy of the authorities, and we have very little knowledge what they have planned. Will they be able to stop the onset of the banking crisis, yet again? I don’t know, but I am doubtful. 2/
In any case the speed of deterioration is massive now, and it’s only a matter of time, when markets catch up. I am betting that we still have few weeks (months at max.) before “mayhem” truly begins. Take precautionary measures. Stock:
4. Wood (if you have a stove).
5. Other necessities.
No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse. You just have more cash (no meaningful interest in banks), food, water and wood. 4/4
Let me repeat: I am hearing much the same thing from people in a position to know. When I brought up the threat of global hyperinflation in the next year in conversation with an economist, she didn’t hesitate to say, “Yes, it’s coming, for sure.” She said that when government price caps on energy fail, as they inevitably will, that’s when it will begin.