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Shortages Inflation & Water Wars

This channel is dedicated to monitoring financial trends globally, so you can prepare accordingly. The macro view of global economies can assist in forecasting things like civil unrest, war and failing governments. Occasionally post military OSINT

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Macquarie Bank to go completely cashless this month

Macquarie Bank customers will no longer be able to use cash at its branches from later this month as part of its transition to a fully digital model.

Repost from OneStop
282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates. https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html @OneStopPatriot
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Stagflation Signals Soar as Manufacturing Surveys Show Skyrocketing Prices https://oilprice.com/Finance/the-Economy/Stagflation-Signals-Soar-as-Manufacturing-Surveys-Show-Skyrocketing-Prices.html While 'hard' data has been improving recently (albeit then downwardly revised a month later), it is the 'soft' survey data that has collapsed amid Bidenomics. And this morning continued that trend as S&P Global's US Manufacturing PMI (survey) fell from 51.9 in March to 50.0 as the final print for April (49.9 flash). ISM's Manufacturing survey also missed, dropping from 50.3 to 49.2 (contraction). “Business conditions stagnated in April, failing to improve for the first time in four months and pointing to a weak start to the second quarter for manufacturers. Order inflows into factories fell for the first time since December, meaning producers had to rely on orders placed in prior months to keep busy. Under the hood it was not pretty - ISM New Orders tumbled, Employment rose modestly, but Prices Paid soared (to their highest since June 2022)... Input costs increased sharply, with the rate of inflation quickening for the second consecutive month. Higher prices for oil and metals were mentioned in particular. So, stagnating growth and sharply rising input costs... Stagflation signals everywhere.
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Stagflation Signals Soar as Manufacturing Surveys Show Skyrocketing Prices

Manufacturing surveys indicate stagnant growth and sharply rising input costs, signaling stagflationary conditions.

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More than 16,000 pounds of ground beef sold at Walmart recalled over E. coli contamination https://nypost.com/2024/05/02/business/over-16k-pounds-of-ground-beef-sold-at-walmart-recalled-over-e-coli-contamination/ More than 16,000 pounds of ground beef sold at Walmart stores across the US have been recalled over a possible E. coli contamination, the US Department of Agriculture said. The beef comes from Cargill Meat Solutions in Hazleton, Pa., per a “high class” warning issued on the USDA’s site on Wednesday, and were “shipped to Walmart locations nationwide.” Affected packages of the ground-up protein have an establishment ID of “EST. 86P,” were produced between April 26 and April 27 and all bear a USDA mark of inspection. Packages of “80% lean, 20% fat all natural ground beef chuck,” as well as four-packs of ground beef chuck patties and ground beef sirloin patties were also included in the recall, which spans a total of 16,243 pounds of meat.
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More than 16,000 pounds of ground beef sold at Walmart recalled over E. coli contamination

More than 16,000 pounds of ground beef sold at Walmart stores across the US have been recalled over a possible E. coli contamination, the US Department of Agriculture said. The beef comes from...

Turkey Halts All Trade With Israel Over War in Gaza https://www.msn.com/en-us/news/world/turkey-halts-all-trade-with-israel-over-war-in-gaza/ar-AA1o2CbY Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza. Trade between the countries was worth $6.8 billion in 2023, of which 76% was Turkish exports, according to the Turkish statistical institute. Turkey’s biggest export to Israel in 2023 was iron and steel. It’s biggest import was refined oil products, according to the Turkish statistical institute. The move came a day after Turkey announced plans to join South Africa’s case at the United Nations’ highest court as a plaintiff accusing Israel of committing genocide in the Palestinian territory.
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Turkey Halts All Trade With Israel Over War in Gaza

Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza.

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Iran imposes retaliatory sanctions on US, UK for supporting Israeli crimes against Palestinians https://theprint.in/world/iran-imposes-retaliatory-sanctions-on-us-uk-for-supporting-israeli-crimes-against-palestinians/2067059/ In a tit-for-tat move, the Iranian Foreign Minister has announced sanctions on more than two dozen American and British individuals and entities for supporting Israel in its ‘terrorist acts’ and ‘human rights violations’ against the Palestinian people, Iranian state news agency, IRNA reported on Thursday. This comes after the UK, US and Canada imposed fresh sanctions on Iran following its attack on Israel earlier this month. Tehran also put sanctions on seven American individuals for allegedly supporting Israel in its heinous acts against the Palestinians especially in the Gaza Strip. This includes executive vice president and chief legal officer to Donald Trump and the Trump Organization and his advisor on Israel, Jason Greenblatt, senior fellow at the American Enterprise Institute, Michael Rubin, policy director of United against Nuclear Iran, Jason Brodsky, founder and president of FDD, Clifford D. May, United States Army general, Bryan P. Fenton, Commander, US Naval Forces Central Command, Brad Cooper and CEO of RTX Corporation, Gregory J. Hayes.
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Iran imposes retaliatory sanctions on US, UK for supporting Israeli crimes against Palestinians

Tehran [Iran], May 2 (ANI): In a tit-for-tat move, the Iranian Foreign Minister has announced sanctions on more than two dozen American and British individuals and entities for supporting Israel in its ‘terrorist acts’ and ‘human rights violations’ against the Palestinian people, Iranian state news agency, IRNA reported on Thursday. Escalating tensions with Israel and […]

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US hits China with sweeping sanctions over support for Russia’s war in Ukraine https://www.msn.com/en-za/news/other/us-hits-china-with-sweeping-sanctions-over-support-for-russia-s-war-in-ukraine/ar-AA1o13rB The US has sanctioned nearly 300 companies and individuals from China, Russia, and several other countries for allegedly supporting Russia’s defence industry and helping it evade American sanctions over the war in Ukraine. The US Department of the Treasury said on Wednesday that it had imposed sanctions on nearly 200 entities and the State Department on more than 80 to “degrade Russia’s ability to sustain its war machine” in Ukraine. The sanctioned entities, located in Azerbaijan, Belgium, China, Russia, Turkey, the UAE and Slovakia, have allegedly enabled Russia to "acquire desperately needed technology and equipment from abroad”. It also expanded sanctions to target Russia’s ability to ship liquefied natural gas, or LNG, one of the country’s top exports. Economic warfare.
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US hits China with sweeping sanctions over support for Russia’s war in Ukraine

US hits China with sweeping sanctions over support for Russia’s war in Ukraine - Washington sanctions nearly 300 companies and individuals from China, Russia, Singapore, UAE and other countries

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Repost from James O'Keefe
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VIDEO INSIDE CIA: Project Manager Says Execs and Directors of CIA Withheld Information From Trump

BREAKING – EXPOSING THE CIA: “So the agencies kind of, like, all got together and said, we’re not gonna tell Trump…Director of the CIA would keep [information from Trump]…” A project manager working in Cyber Operations for the CIA and an NSA Contractor with top-secret clearance working for Deloitte Amjad Fseisi, is caught on undercover cameras implicating the highest levels of the intelligence agencies, including “The executive staff. We’re talking about the director and his subordinates,” former CIA Directors “Gina Haspel....And I believe Mike Pompeo did the same thing too,” “kept information from him [Trump] because we knew he’d fucking disclose it.” Amjad reasons “There are certain people that would… give him a high-level overview but never give him any details.

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Orbán Viktor: The five-step handbook progressives use to oppress conservatives through state bodies: 1. Reformulate norms: turn normal inside out. “War is peace!” 2. Spread inverted normality using state instruments. 3. Imply that anyone who thinks differently is a security risk. 4. Incite the liberal press to attack those who think differently. 5. Use state bodies to attack and silence them. We cannot and will not let them win!
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U.S. LNG Exports Continue to Fall as Freeport Plant Struggles With Outages https://oilprice.com/Latest-Energy-News/World-News/US-LNG-Exports-Continue-to-Fall-as-Freeport-Plant-Struggles-With-Outages.html Exports of liquefied natural gas (LNG) from the United States fell in April for a fourth month in a row, as the Freeport export facility continues to struggle with operational issues and outages, according to data from financial firm LSEG... U.S. LNG exports dropped to 6.19 million metric tons in April, down from 7.61 million tons exported in March,... Due to problems at Freeport LNG, America’s LNG exports have been falling this year each month compared to the previous month. Freeport LNG, which has three natural gas-processing units, or trains, has been operating without at least one of these since January 2024, amid recurring mechanical issues and maintenance. Last week, Freeport LNG Development LP reported an outage at its third train, which is right now the only one not under maintenance,... Freeport LNG has been operating below 80% of its capacity due to technical problems...
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U.S. LNG Exports Continue to Fall as Freeport Plant Struggles With Outages

U.S. exports of liquefied natural gas fell in April as the Freeport export facility continues to struggle with outages.