Russia respond, gold floods from West to East, and the US Treasury Department’s gross issuance of government debt is back at the emergency levels briefly hit during Covid. What’s the emergency now, we wonder?
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
Welcome to today’s scouting report. A lot happened over this weekend, so let’s dive in.
Following the terrorist massacre at the Russian music venue Russia has upped the intensity and targeting of attacks against Ukraine. One of the hits was apparently against the F16 capable airstrip at Stryi but the intensity and duration of the fireballs seen over the next 24 hours suggested to me that perhaps the NatGas storage facility near Stryi might have been hit.
If so, this is big news and a game changer for Europe and not for the better. A lot of NG, as I understand it, still flows through such facilities and into the EU. If hit, not only do those flows stop, but Ukraine will suddenly need to draw from the EU system instead of transiting NG into the EU system.