Europe’s Coming Depression in 3... 2... 1

Energy is wealth. No energy, no wealth. But it’s worse than that… [Altucher Confidential] August 26, 2022 [WEBSITE]( | [UNSUBSCRIBE]( It’s pretty simple: Paper currency isn’t wealth. Energy is wealth. When a nation reduces its energy availability, it’s reducing its wealth. [Hero_Image] Europe’s Coming Depression in 3… 2… 1 By Chris Campbell [External Advertisement] The Next Phase of Crypto is Here Now A new opportunity is emerging in the crypto market. One that only happens when the market is down. I'm calling it "Bitcoin 2.0"... and… as usual… it's the investors who get in while the market is down who will claim the lion's share of the spoils. If you'd like to find out how to be one of them… Follow my 5 step plan for getting in now on "Bitcoin 2.0". [Click here for all the details.]( [Chris Campbell] CHRIS CAMPBELL On Wednesday June 9, 2021… The popular financial blog Zero Hedge asked a simple question: [IMG 1] “ESG,” as you know, stands for Environmental, Social, and Governance. By the way, in case you were wondering… According to Mother Jones, “there is absolutely zero evidence that the ESG goals are part of a grand Marxist scheme.” (Hmmm…) Also, it turns out, we didn’t have to wait long for an answer to Durden’s question: Yes. It’s pretty simple: Paper currency isn’t wealth. Energy is wealth. When a nation reduces its energy availability virtually overnight, it’s reducing its wealth. But it’s worse than that… Energy hyperinflation doesn’t just destroy standards of living… it threatens lives. In Europe, things are bad right now. And there are signs that they could get worse. [IMG 2] According to Matteo Illardo, a Europe analyst with RANE, there’s essentially a bidding war now between Asia and Europe on who gets the most U.S. natural gas. He added that production is “almost at maximum level in the U.S.”. “In the end,” he said, “this is also causing disruptions, for instance, in countries that do not get their gas, because on the one hand, the bidding war means that Europe gets its LNG and gets it at high prices and who does not get the LNG not only has higher energy prices overall, but also has not enough supplies maybe to power industries such as the textile industries in South Asia that basically employ most of the workforce there.” Meaning, global natural gas prices are likely to shoot even higher. Some even suggest that the threat of a complete shutdown of the German economy this winter, which is dependent on natural gas, is real. ***NEW LINK FOR YOU*** [Click here for more...]( Here’s your new link: [secure link for you]( Jim can barely contain his excitement. He can’t wait to tell you about his newest reveal… …and what it could mean for YOUR financial future. Go here now: [secure link for you]( Europe Headed for Depression? Tuomas Malinen, CEO of GnS Economics, recently predicted that: - Inflation in Europe will not come down, but is likely to accelerate notably during the winter/spring. - The ECB will be forced to hike rates, probably in an expedited manner. - Household consumption and corporate investments are likely to crash in coming months. - There’s the possibility of blackouts throughout Europe in the winter. In short, he predicts a “long winter” for Europe. In our recent editorial meeting, our in-house market gurus brought up worries and predictions of their own: On natural gas: “Every tanker that can haul LNG is going to make money.” On the potential for a sulfuric acid shortage: “They say that sulfuric acid is to the processing industry as pig iron is to steel…. It’s everywhere and they use it for everything.” On American energy bills: “20 million homes are behind on their energy bills.” Rickards had perhaps the most explosive predictions… It’s worth a watch: [Check out Jim’s latest predictions in this brand new interview.]( His latest interview goes through EVERYTHING you need to know. Stay safe. Stay prepared. [Chris Campbell] Chris Campbell For Altucher Confidential Urgent From James Altucher! Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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