Central banks have been raising rates. Energy markets have been rallying to all time highs despite the rate hikes. And now credit markets are breaking in reaction to the rate hikes and high inflation. This is going to force the hands of the ECB to turn the money printer back on full blast; which will only serve to take the raging inflation problem, douse it in jet fuel, and throw it into a bon fire. To put it politely, the future of the European Union is absolutely fucked from a political and economic standpoint. The lizards at the helm won't be able to control the social backlash that is going to emanate from this energy, food and economic hurricane that is building.

Don't look now, but nat gas prices here in the US are beginning to hit escape velocity as well with Henry Hub prices moving above $10 for the first time since 2009.

We can see everything unfolding in front of us, but we have an utter inability to act to do anything to prevent the chaos from growing. Too many have forgotten how to act without the "leadership" of the unproductive class.

Here's to hoping there are enough productive actors out there going Galt's Gulch behind the scenes at the moment to help soften the blow from this economic calamity that is headed our way