Michael Hudson : The Bubble Bursts — and the economy with it

From Michael Hudson, from his Patreon Site.  

          The Oil War is going to cause cutbacks in spending on non-oil products, because paying more for gasoline, diesel and aircraft fuel, fertilizer, naphtha and sulfur will cut into profits, leading to layoffs.

            And some time this month, rising energy costs will force up electricity prices.… Continue reading