Video Update: Britain’s Woes Could Mean a Bleak Winter For Us All

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Video Update: Britain’s Woes Could Mean a Bleak Winter For Us All By Nomi Prins, Editor, Inside Wall Street with Nomi Prins The mood in the United Kingdom (U.K.) during my recent visit was somber. But not just because of the death of Queen Elizabeth. Inflation there is rising. It could hit between 18% and 22% next year. Meanwhile, real wages are falling. And energy prices could jump by 80% in October. Natural gas powers the majority of the U.K.’s electricity. But supplies are restricted due to actions taken by Russia in recent months. Many businesses aren’t sure they’ll survive. One casualty could be the traditional English pub. During a flying visit to Birmingham in the heart of England, I stopped for a drink (and shelter from the unrelenting rain) in a little pub in the Jewellery Quarter called The Jewellers Arms. And I recorded a short video to explain why we shouldn’t ignore the problems impacting the U.K. – because in today’s globalized economy, one major economy’s challenges can impact all economies. [Click here]( – or on the image below – to watch my latest video update. It’s just over four minutes long. Now, there is some background noise (the pub was busy, as many others were there trying to avoid the rain, too). But as always, I’ve included a transcript below. [image]( Let me know what you think at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Video Update: Britain’s Woes Could Mean a Bleak Winter For Us All). Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Unfortunately, nearly everyone is missing the cracks that are already beginning to show in our economy. Millions will be blindsided by what happens next… America’s next major crisis will be far bigger than inflation, food shortages, energy shortages, and conflicts overseas. As the contagion spreads from Europe to America, and from the energy markets to the financial system – the lights probably won’t go out in America, but the financial system could be at great risk. That’s why, on Wednesday, September 28 at 8 p.m. ET, I’m going to explain what’s coming and how you can prepare. I’ll show you a strategy to make up to 10 times your money as this becomes headline news. I urge all my readers to tune in. [Just click here to save your spot](. Recommended Link [Renowned Economist issues startling prediction | America's Future]( [image]( PhD Economist: “Don’t Bet on It” According to former Goldman Sachs executive, Nomi Prins… Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America. She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.” [Click here now to see America’s next crisis.]( -- --------------------------------------------------------------- TRANSCRIPT Hi, Nomi here. I’m coming to you from the middle of the Jewellery Quarter in Birmingham, in the heart of England. It’s about a two-and-a-half-hour drive from London. And it’s the third most populated city in the United Kingdom (U.K.). Now, 40% of the U.K.’s jewelry comes from this area. And also, this Jewellery Quarter contains Europe’s largest concentration of businesses involved in jewelry. In and around Birmingham is where the Industrial Revolution actually began. And the Jewellery Quarter is where all the major technological advancements in jewelry have happened since then. Right now, I’m about to have a drink at the historic 1830s-built Victorian pub called The Jewellers Arms. It’s got one of the most beautiful pub interiors in the country. Birmingham is where the Peaky Blinders, an early-twentieth-century group of working-class mobsters – now a Netflix show – were based in real life. And they would’ve been quite at home here in this little Victorian pub. [Featured: The diversification method is crushing people.]( First, I want to explain that while talking with so many workers on the ground here, I am struck by how deeply the U.K. is marred in a tangle of political and economic storms. Everyone is talking about oppressive energy bills and how they’re being impacted by them. And now, the U.K. Conservative Party’s Liz Truss is officially the new prime minister. She’s taken her party’s reins in the midst of an economy on edge. The country seems destined for a recession, if it’s not already in one. Inflation is at its highest rate in decades. And energy prices? Well, they were already bad. But because of the war in Ukraine, they’re only getting worse as the U.K. prepares for a winter of energy crisis. Recommended Link [Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse back in January – reveals his strategy:]( [image]( The One-Ticker Retirement Plan How to make all the money you need – in any market – using a single stock. [Click here for the name of the ticker…]( -- Financially, the figures are bleak. Real wages are falling as inflation is rising. Plus, the British pound has dropped to its lowest level versus the U.S. dollar since March 2020. And it’s fast approaching its lowest level since 1985. Forecasts are for U.K. inflation to jump to anywhere from 18% to a crushing 22% next year. Households and small businesses are now being told to expect energy prices to jump by 80% in October. And that could be a conservative estimate. According to some reports, the U.K. is forecast to have the lowest economic growth and the highest level of inflation out of all of the G7 economies. [The Group of 7, or G7, is made up of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.] [Featured: My exclusive trading method could make all your financial worries go away - Jeff Clark]( Rising energy bills could put six out of every 10 British manufacturers out of business, or close to that. Factories are starting to reduce workers’ hours and also to limit production. And sadly, the traditional U.K. pub, often a community hub like this one, is now under threat. The restaurant and hospitality industry, after struggling through Covid restrictions, is facing an energy crisis not seen in generations. Pub owners are already warning their landlords they can’t pay utility bills and rents. A recent report from The Guardian suggests that thousands of pubs won’t make it through the energy crisis. And that’s because energy, inflation, and financial constraints have no simple solutions. These issues can’t be solved just by stimulus measures or by tax relief. Recommended Link [America’s Final Retirement Shock?]( [image]( If you feel as if a terrible nightmare has overshadowed our once great nation… and all we see now is crisis after crisis: The question becomes, what next? Are these the final moments of a once great nation? Is a retirement shock headed towards tens of millions of retirees? If you’re wondering how to protect your money as America becomes increasingly unstable… And [grow your money as much as 2x, 5x, even 10x in the coming year…]( One man is coming forward to help as many Americans as possible. ● He’s already recommended 12 “Double Your Money” trades in 2022 alone. ● And predicted the 2020 & 2022 crashes weeks in advance… He’s used this secret to help 170,000 regular folks see [triple-digit gains over 48 times]( and double-digit gains over 81 different times. Today he’s revealing the entire strategy and how you can get started with just $100. [Click Here to Get the Details.]( -- Why This Matters To You For you, it’s key to understand that the problems impacting the U.K. are not just a British problem. As an economic powerhouse, one major economy’s challenges can impact all economies. And natural gas, which powers the majority of the U.K.’s electricity – those prices are set by the global market. Yes, the new prime minister is nabbing the headlines. She’s made promises to provide solutions to the energy crisis – including pressing for nuclear power – and for helping working families to cope. But the real story is the financial and economic pressures to come. For the near future, I believe that the pound will continue to depreciate relative to the dollar. And the energy crisis, which still depends on geopolitics in this region, will worsen. The energy situation – natural gas prices remain at the heart of much of this. And they’re critical to the U.K., Europe, and the global economy. And that’s why we continue to see natural gas exchange-traded funds (ETFs), like the United States Natural Gas Fund (UNG), appreciate and companies make money. I’ll be back with more boots-on-the-ground research from the U.K. for you soon. Happy investing, and I will talk to you soon. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Last week, geopolitical strategist Peter Zeihan wrote about the different approaches taken by Texas, California, France, and Germany to the energy transition. [Catch up [here]( and [here]( Several readers wrote in with their own thoughts and experiences… About eight or so years ago, the German government decided to shut down all its nuclear power plants. I was in Germany visiting friends at the time and asked several of them how Germany could possibly consider doing this. “Don’t worry,” was the resounding response from most. They believed the government knew what it was doing. I could not believe the blind faith these people had. Recently, different German friends stated the government was reopening coal plants to help deter the situation with the Russians. Again blind faith, but also much worry about the current situation. Germany could stop some, or maybe all, of the decommissioning of its nuclear plants but seems not inclined to do so. Blind faith again will surely lead to dire problems this winter. – Karl S. California’s electricity system, far from being the promised land of renewable energy, is collapsing as we speak. The totally anti-nuclear California legislature has now been forced to extend the life of Diablo Canyon, the last remaining nuclear plant there (which, by the way, does not depend on Mother Nature) because taking 10% off the grid will cause all the lights to go out. The reason is capacity factor – the amount of electricity a generator (of any type) actually produces divided by the amount it could produce if it ran at its nameplate rating all the time. Wind is about 30%, solar is 25%. Nuclear is 95%. You need many, many more wind machines to equal one baseload plant. Wind, on average, runs only 3 days out of every 10. Solar about 2.5 days out of every 10. Nuclear runs 9.5 out of every 10. In other words, renewables do not work in California. Neither do they work in Germany. The renewable chickens are coming home to roost. – Malcolm R. I, too, was interested in nuclear energy until I saw how the current plant they are building in Georgia is running billions over cost and years behind schedule. There was a similar (financial) disaster for energy customers in South Carolina. The nuclear energy plant approved of and constructed ended up never finished or producing power. This was due to the corruption of the regulators, energy company lobbyists, and contractors, which stuck the customers with high bills and no new clean power. Any venture that involves the government working closely with contractors and lobbyists in the U.S. usually ends in a similar story, no matter how great nuclear power may be for other jurisdictions. – Jay M. Nomi, we brought this dilemma on ourselves by deciding on a worldwide basis to end fossil fuels as we have known them for the last century. We, the people, did not decide. The idiots that we chose to represent us did. All those marvels that Peter mentions in his book were made possible due to fossil fuels. Trying to end them before you have built the replacement infrastructure is idiotic. – Pete M. Do you agree with reader Pete that governments are trying to make the energy transition happen too quickly? Will “blind faith” in our governments lead to “dire problems this winter,” as Karl S. predicts? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Video Update: Britain’s Woes Could Mean a Bleak Winter For Us All). IN CASE YOU MISSED IT… [Buy this book and get $100. For real]( Peter Zeihan is a critically acclaimed author whose work has been recommended by Political Commentator Fareed Zakaria, Political Scientist Ian Bremmer, and former Presidential candidate Mitt Romney. The first printing of his new book completely sold out, but you can get it here now plus $100 Legacy Research credit. [Click here.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The 101 Guide to Pre-IPO Investing]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [The Trader’s Guide to Technical Analysis]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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