#EnergyCrisis is taking a major toll across nations in the world. Developed first world western nations are bidding up oil and gas prices and storing them in reserves while developing third world countries are suffering from massive fuel shortages and power outages. A thread 🧵
European countries bidding up oil and gas prices led to Bangladesh unable to buy enough supplies for its power generation resulting in massive grid collapses and power outages #EnergyCrisis#energy
Pakistan 🇵🇰 had a massive flooding issue in 2022 which destroyed livelihoods of over 35% of their entire population. On top of that they’re suffering from the bid up of energy prices as well. If they default or go bankrupt, you know the root cause. #EnergyCrisis#Energy
@ErikVoorhees was always right about the need for removing trust intermediaries completely. Crypto #DeFi achieved this, but was totally undermined by SBF with this inviting regulations mess he did
USA & it’s allies sanctions on Russia as a result of the unprovoked war on Ukraine has led to strengthening of Russia trade ties with India, China and other nations.
They’re trying to establish a multipolar world where USD is no more a world reserve currency. A thread 🧵
If you look at the worlds countries from their largest trading partners perspective, US is on a steady decline and China is dominant lately.
USA and other nations have been moving manufacturing offshore mostly to China which made it a $14 Trillion GDP second largest economy.
Almost 400 tons of gold scooped up was by the worlds central banks. It’s the largest buy back from worlds central banks ever since 1967 when dollar was still backed by gold. It looks like the central banks around the world realize that the USD paper Ponzi has gone on for too long
Farmers protest in Netherlands 🇳🇱 is not about the climate change. It’s not about saving the environment. It’s about bankrupting the farmers so they can grab their lands.
These fertilizer bans effectively bankrupt the farmers so they end up selling lands