Monday
The following is a sombre assessment of the state of the European and U.K. economies. They are about to experience conditions not seen since World War 2.
From Larry Johnson – Read it all HERE
When the history is written about the current war in Ukraine, the economic fallout will be seen as one of the critical determining factors. The West grossly miscalculated that Russian sanctions would create sufficient stress and pressure among the Russian population to force Vladimir Putin out of power. This is one of the greatest intelligence failures since the end of World War II. There are two possibilities — 1) intelligence community analysts failed to warn policymakers about the critical resources Russia controls and Russia’s ability to operate as a largely self-sufficient economy, or 2) policymakers were warned and ignored the intelligence analysis. I am not privy to the intelligence community product on this front, so I cannot tell you if it is #1 or #2.
The world is facing a global economic contraction that is exacerbated by the sanctions on Russia, supply chain disruptions in China and out of control fiscal policies in the United States and Europe.
From Larry Johnson – Read it all HERE