Interruptions in Russian gas supplies and mass switching to electricity will lead to “a general energy collapse” in Europe, Prime Minister of Montenegro Dritan Abazović claimed on Monday.

Speaking to parliament, Abrazovic recalled the recent remarks by the German Vice Chancellor Robert Habeck who, amid looming energy difficulties over the winter period, advised his compatriots to spend less time in shower and to prepare warm clothes.

A little over three years ago, the Bank of Japan crossed a historic milestone when we reported that the central bank had become a top-10 shareholder in 50% of all Japanese companies. Since then, the central bank's equity stake across Japanese corporations has only grown.

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Three tropical disturbances are being closely monitored for development in the Atlantic as fears mount that above-average storms could wreak havoc on oil/gas operations in the Gulf of Mexico and send gas prices at the pump to "apocalyptic" heights. 

"The lull in the tropics has come to an end as we're now watching three different areas for development from the Gulf of Mexico to the central Atlantic," The Weather Channel reports. 

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The recent BRICS summit managed to run its course this past week with very little fanfare, despite the fact that Russia is in the midst of a conflict with Ukraine that has led to a worldwide economic war. China is edging towards a potential invasion of Taiwan, and much of the planet is in the middle of a stagflationary crisis in the meantime.

The one major takeaway from the summit was the reaffirmed stance of the BRICS that they would continue to work closely with Russia in economic terms.  

American Founding Father Benjamin Franklin once said that “experience is an expensive school but fools will learn in no other.” Germany’s green energy policy, launched in the year 2000, could have been a cheap lesson for America today.

 

Sri Lanka abruptly restricted fuel supplies and told residents to stay home, raising the risk of more unrest as the government struggles to provide essential goods due to a crippling sovereign debt crisis that has rocked the country for months.

The island nation’s cabinet of ministers Monday decided to limit distribution of fuel to essential services until July 10, spokesman Bandula Gunawardena said in a televised statement, adding that inter provincial public transport would likely come to a halt.

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A top food processing plant will be closing down one of its facilities in Campbell County, Tennessee, adding to the long list of closures over the last year. 

George's Prepared Foods announced its chicken processing plant in the small town of Caryville would be shuttering operations by the end of the summer. 

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As the Federal Reserve attempts to crush aggregate demand through the most aggressive monetary tightening policies in decades to cool red-hot inflation, California Governor Gavin Newsom has come up with the brilliant idea to stoke even more demand through a new round of stimulus checks. 

"Millions of Californians will be receiving up to $1,050 as part of a NEW middle-class tax rebate. 

"That's more money in your pocket to help you fill your gas tank and put food on the table," Newsom tweeted Sunday night. 

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Washington’s cowardly proxy war against Russia reached a new level of absurdity over the weekend.

To wit, the G-7 knuckleheads declared an embargo on imports of Russia-sourced gold and forced Russia into technical default on its foreign debts by forbidding US companies from collecting the payments which Russian debtors had deposited in their accounts at non-sanctioned Russia banks.