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	<title>price Archives - HopeGirl Blog</title>
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		<title>Get ready for Grocery price hikes as Hormuz closure threatens global food supply</title>
		<link>https://www.hopegirlblog.com/2026/04/23/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/</link>
					<comments>https://www.hopegirlblog.com/2026/04/23/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 17:00:00 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[Closure]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[grocery]]></category>
		<category><![CDATA[hikes]]></category>
		<category><![CDATA[Hormuz]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[supply]]></category>
		<category><![CDATA[Threatens]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=21982</guid>

					<description><![CDATA[<img width="300" height="169" src="https://www.hopegirlblog.com/wp-content/uploads/2026/04/price-hikes.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="price hikes" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>The worldwide energy disruption triggered by the closure of the Strait of Hormuz is likely only the first wave of economic fallout tied to the conflict with Iran, with  food prices expected to climb next and remain elevated even after fighting subsides.</p>
<p>The post <a href="https://www.hopegirlblog.com/2026/04/23/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/">Get ready for Grocery price hikes as Hormuz closure threatens global food supply</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="169" src="https://www.hopegirlblog.com/wp-content/uploads/2026/04/price-hikes.jpeg" class="webfeedsFeaturedVisual wp-post-image" alt="price hikes" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" />
<p class="wp-block-paragraph">The worldwide energy disruption triggered by the closure of the Strait of Hormuz is likely only the first wave of economic fallout tied to the conflict with Iran, with&nbsp;<a href="https://endtimeheadlines.org/2026/04/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/#">&nbsp;food</a>&nbsp;prices expected to climb next and remain elevated even after fighting subsides.</p>



<p class="wp-block-paragraph">That&nbsp;<a href="https://theconversation.com/hormuz-closure-threatens-the-global-food-supply-why-grocery-price-hikes-are-coming-279899">warning</a>&nbsp;comes from research into how institutions shape supply chains and business operations. The same maritime chokepoint that handles about 20 percent of global crude oil trade and a comparable share of liquefied natural gas shipments also carries roughly one-third of the world’s traded fertilizer, a critical input for agriculture.</p>



<p class="wp-block-paragraph">Modern farming relies on careful timing and sufficient quantities of nutrients. When fertilizer shipments are delayed or become too costly, farmers face difficult choices: apply less fertilizer, reduce the area they plant, or switch to crops that require fewer nutrients. Each of those decisions lowers productivity, shrinking supplies of staple&nbsp;<a href="https://endtimeheadlines.org/2026/04/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/#">&nbsp;foods</a>, livestock feed, and ingredients used across the food industry.<br></p>



<p class="wp-block-paragraph">The effects could reach consumers quickly. Rising&nbsp;<a href="https://endtimeheadlines.org/2026/04/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/#">&nbsp;corn</a>&nbsp;prices, for example, would push up the cost of common foods and products. Corn-fed beef, fresh corn, and a wide range of packaged goods that rely on corn-based sweeteners could all become more expensive.</p>



<p class="wp-block-paragraph">Three staple crops—corn, wheat, and rice—account for more than half of global calorie consumption. To achieve high yields, these crops depend on three key nutrients: nitrogen, phosphate, and potassium. Nitrogen promotes plant growth, phosphorus supports energy transfer and root development, and potassium helps regulate water use and improves protein content.</p>



<p class="wp-block-paragraph">The disruption in the Strait of Hormuz has tightened supplies and driven up costs for all three nutrients.</p>



<p class="wp-block-paragraph">Natural gas, which accounts for 70 to 90 percent of nitrogen fertilizer production costs, has been hit particularly hard. Production has dropped by about 20 percent during the conflict, while prices have surged as much as 70 percent.</p>



<p class="wp-block-paragraph">At the same time, Russia has halted exports of ammonium nitrate, another important nitrogen source, in an effort to protect domestic supply.</p>



<p class="wp-block-paragraph">China has taken similar steps with phosphate, suspending exports and removing about a quarter of global supply from international markets. Potash, the potassium component in fertilizers, was already constrained before the conflict due in part to sanctions affecting major producers Belarus and Russia.</p>



<p class="wp-block-paragraph">As a result, fertilizer prices have jumped worldwide. In the United States, some fertilizers increased by more than 40 percent within a month of the war’s outbreak in late February 2026.</p>



<p class="wp-block-paragraph">Analysts warn that these pressures will ripple through global food systems in the months ahead. As one expert noted, “Modern agriculture depends on precise timing of delivering nutrients to plants,” and disruptions at this scale can quickly translate into reduced output.</p>



<p class="wp-block-paragraph">Another observed that farmers may be forced “to either reduce the amount they use, plant fewer crops or switch to crops that need less fertilizer,” all of which point to tighter food supplies.</p>



<p class="wp-block-paragraph">The broader concern is that even after hostilities ease, the lag in agricultural production and supply chain recovery could keep food prices elevated for an extended period.</p>



<p class="wp-block-paragraph">Source: <a href="https://endtimeheadlines.org/2026/04/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/">https://endtimeheadlines.org/2026/04/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/</a></p>



<p class="wp-block-paragraph">Fight the Censorship Join the Hopegirl Mailing List and get my free AudioBook: The QEG Chronicles Free Energy Full Disclosure:&nbsp;<a href="https://bit.ly/HGQEGBook" target="_blank" rel="noreferrer noopener">https://bit.ly/HGQEGBook</a></p>



<p class="wp-block-paragraph">HopeGirl Youtube:&nbsp;<a href="https://www.youtube.com/@hopegirlblog" target="_blank" rel="noreferrer noopener">https://www.youtube.com/@hopegirlblog</a><br>HopeGirl Telegram Channel Chat and Groups:&nbsp;<a href="https://t.me/Hopegirl587" target="_blank" rel="noreferrer noopener">https://t.me/Hopegirl587&nbsp;</a><br>Get Our Free EMF Survival Guide :<a href="https://bit.ly/FTWEMF" target="_blank" rel="noreferrer noopener">&nbsp;https://bit.ly/FTWEMF</a><br>10 Percent Off our EMF Protection Products with this Link:&nbsp;<a href="https://www.ftwproject.com/ref/tenoff" target="_blank" rel="noreferrer noopener">https://www.ftwproject.com/ref/tenoff</a></p>



<p class="wp-block-paragraph"></p>
<p>The post <a href="https://www.hopegirlblog.com/2026/04/23/get-ready-for-grocery-price-hikes-as-hormuz-closure-threatens-global-food-supply/">Get ready for Grocery price hikes as Hormuz closure threatens global food supply</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">21982</post-id>	</item>
		<item>
		<title>NEW EPISODE: THE PRICE OF SUBMISSION: How the West is Being Conquered Silently with Tommy Robinson &#124; Ep69 &#124; Going Rogue with Lara Logan</title>
		<link>https://www.hopegirlblog.com/2026/03/13/new-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69-going-rogue-with-lara-logan/</link>
					<comments>https://www.hopegirlblog.com/2026/03/13/new-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69-going-rogue-with-lara-logan/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Fri, 13 Mar 2026 18:00:00 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[Conquered]]></category>
		<category><![CDATA[Ep69]]></category>
		<category><![CDATA[Going Rogue]]></category>
		<category><![CDATA[Lara Logan]]></category>
		<category><![CDATA[NEW EPISODE]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[silently]]></category>
		<category><![CDATA[SUBMISSION]]></category>
		<category><![CDATA[Tommy Robinson]]></category>
		<category><![CDATA[west]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=21516</guid>

					<description><![CDATA[<img width="300" height="167" src="https://www.hopegirlblog.com/wp-content/uploads/2026/03/going-rogue.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="going rogue" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>Tommy Robinson is a man whose reporting and activism forced the world to confront one of the darkest scandals in modern Britain.</p>
<p>The post <a href="https://www.hopegirlblog.com/2026/03/13/new-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69-going-rogue-with-lara-logan/">NEW EPISODE: THE PRICE OF SUBMISSION: How the West is Being Conquered Silently with Tommy Robinson | Ep69 | Going Rogue with Lara Logan</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="167" src="https://www.hopegirlblog.com/wp-content/uploads/2026/03/going-rogue.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="going rogue" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" />
<p class="wp-block-paragraph">Tommy Robinson is a man whose reporting and activism forced the world to confront one of the darkest scandals in modern Britain. For years, gangs across the United Kingdom systematically groomed and abused young working class girls while authorities looked the other way. Tommy helped bring international attention to the crisis, exposing failures by police, media, and government that allowed the abuse to continue for generations. </p>



<p class="wp-block-paragraph">Now he joins Lara in the Texas Hill Country for a powerful conversation about what he has uncovered, why the story was suppressed for so long, and what parallels he believes Americans should be paying attention to here at home.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<div class="embed-twitter"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW EPISODE: THE PRICE OF SUBMISSION: How the West is Being Conquered Silently with Tommy Robinson | Ep69 | Going Rogue with Lara Logan<br><br>Tommy Robinson is a man whose reporting and activism forced the world to confront one of the darkest scandals in modern Britain. For years,… <a href="https://t.co/iBnSNcoeLS">pic.twitter.com/iBnSNcoeLS</a></p>&mdash; Lara Logan (@laralogan) <a href="https://twitter.com/laralogan/status/2029980753056899120?ref_src=twsrc%5Etfw">March 6, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</div></figure>



<p class="wp-block-paragraph">Source<a href="https://lionessofjudah.substack.com/p/injured-by-a-covid-vaccine-the-cdc">: </a><a href="https://x.com/laralogan/status/2029980753056899120?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2029980753056899120%7Ctwgr%5E92974393041c1bafab53f8ed8dcb425ecc07cbec%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.sgtreport.com%2F2026%2F03%2Fnew-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69%2F">https://x.com/laralogan/status/2029980753056899120?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2029980753056899120%7Ctwgr%5E92974393041c1bafab53f8ed8dcb425ecc07cbec%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.sgtreport.com%2F2026%2F03%2Fnew-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69%2F</a></p>



<p class="wp-block-paragraph">Bitchute:&nbsp;<a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noreferrer noopener">https://www.bitchute.com/channel/YBM3rvf5ydDM/</a></p>



<p class="wp-block-paragraph">Gab:&nbsp;<a href="https://gab.com/hopegirl" target="_blank" rel="noreferrer noopener">https://gab.com/hopegirl</a></p>



<p class="wp-block-paragraph">Telegram:&nbsp;<a href="https://t.me/Hopegirl587" target="_blank" rel="noreferrer noopener">https://t.me/Hopegirl587</a></p>



<p class="wp-block-paragraph">EMF Protection Products:&nbsp;<a href="http://www.ftwproject.com" target="_blank" rel="noreferrer noopener">www.ftwproject.com</a></p>



<p class="wp-block-paragraph">QEG Clean Energy Academy:&nbsp;<a href="http://www.cleanenergyacademy.com" target="_blank" rel="noreferrer noopener">www.cleanenergyacademy.com</a></p>
<p>The post <a href="https://www.hopegirlblog.com/2026/03/13/new-episode-the-price-of-submission-how-the-west-is-being-conquered-silently-with-tommy-robinson-ep69-going-rogue-with-lara-logan/">NEW EPISODE: THE PRICE OF SUBMISSION: How the West is Being Conquered Silently with Tommy Robinson | Ep69 | Going Rogue with Lara Logan</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></content:encoded>
					
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		<post-id xmlns="com-wordpress:feed-additions:1">21516</post-id>	</item>
		<item>
		<title>Amazon Web Services Had a Very Bad Day, Amazon&#8217;s Stock Price Did Not</title>
		<link>https://www.hopegirlblog.com/2025/11/05/amazon-web-services-had-a-very-bad-day-amazons-stock-price-did-not/</link>
					<comments>https://www.hopegirlblog.com/2025/11/05/amazon-web-services-had-a-very-bad-day-amazons-stock-price-did-not/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Wed, 05 Nov 2025 15:00:44 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[amazon]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[stock]]></category>
		<category><![CDATA[web]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=19767</guid>

					<description><![CDATA[<img width="300" height="212" src="https://www.hopegirlblog.com/wp-content/uploads/2025/11/patient-care.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="patient care" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>The outage of Amazon Web Services caused hundreds of billions of damage, yet Amazon's stock went up. How do we account for all of that cost?</p>
<p>The post <a href="https://www.hopegirlblog.com/2025/11/05/amazon-web-services-had-a-very-bad-day-amazons-stock-price-did-not/">Amazon Web Services Had a Very Bad Day, Amazon&#8217;s Stock Price Did Not</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="212" src="https://www.hopegirlblog.com/wp-content/uploads/2025/11/patient-care.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="patient care" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>The outage of Amazon Web Services caused hundreds of billions of damage, yet Amazon&#8217;s stock went up. How do we account for all of that cost?</p>
<p>Yesterday, Amazon Web Services, the cloud services backbone of the internet, had a serious glitch that took down a large chunk of the internet. How much did this outage cost? That’s not clear. But it was certainly a big number, <a href="https://www.aljazeera.com/news/liveblog/2025/10/20/live-snapchat-other-apps-sites-down-as-outage-hits-amazon-web-services" rel="">with some estimates</a> in the hundreds of billions of dollars.</p>
<p>Many people experienced the AWS outage in terms of time wasted, Zoom meetings not working, random services breaking, or apps hanging up or not launching. I had trouble dealing with Verizon, their customer service team took 15 minutes to respond to a chat query, and explained they were having “technical issues” on their end. The outage affected <a href="https://www.yahoo.com/news/world/article/aws-outage-list-of-popular-apps-and-websites-affected-by-global-service-disruption-200714556.html" rel="">everyone</a> from Netflix to Snapchat to Venmo to thousands of other vital products and services. Here’s the CEO of Eight Sleep, which makes internet-connected beds, apologizing for the outage and its affect on the sleep of its customers.</p>
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<p>Leaving aside why beds need to be connected to the internet, let’s just stipulate that some sleep got messed up. And all of these costs were incurred because of dysfunction at AWS. We don’t have a name for the externalities induced by the market power here.</p>
<p>In 2022, Cory Doctorow described the cycle of decay of tech platforms, where they lock you in and then decrease overall quality. He deemed it “enshittification.” I think it’s worth offering a cousin to this term, which I’ll call “Corporate Sludge.” Corporate sludge is the cost, or costs, of an excessively monopolized and financialized economy, that do not show up on a balance sheet.</p>
<p>Here’s what I mean. According to Amazon’s <a href="https://s2.q4cdn.com/299287126/files/doc_financials/2025/ar/Amazon-2024-Annual-Report.pdf" rel="">internal financials</a>, AWS has a high profit margin. In 2024 it had $107 billion in revenue, and generated $39.8 billion in profit, with is a 37% operating income. A normal product or service, when faced with a catastrophe like the AWS outage, would take a financial hit. Yet here’s the stock of Amazon yesterday.</p>
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<p>In other words, the costs of the AWS outage did not show up on the balance sheet directly responsible for it, or in the equity markets supposedly measuring long-term expectations of corporate profits. Economists would call the wasted time a “negative externality,” it’s the equivalent of pollution. And while that cost doesn’t show up anywhere we can affirmatively identify, someone has to pay for it. Those missed meetings, that lost production, it raises costs for virtually everyone, a little. This cost is what economists or government statisticians just don’t see, because it isn’t measured. But that doesn’t mean it’s not real.</p>
<p>Once you start looking, you start realizing that corporate sludge is everywhere. I did an <a href="https://www.organizedmoney.fm/p/actually-bob-corporate-america-is" rel="">interview</a> with corporate procurement specialist Rich Ham, and he told me that big corporations laid off most of their procurement teams as a cost-cutting measure during the financial crisis. Since Wall Street penalizes CEOs for hiring people, and rewards them for firing, they won’t spend to rebuild those teams. As a result, suppliers of things like uniforms, waste disposal, guards, and pest control massively gouge the corporate world. According to Ham, corporate procurement costs are going up 7% a year. And those increased costs, that corporate sludge, is passed along as higher prices, even as accounting profits aren’t improving. Executives think they are being efficient &#8211; headcount is down &#8211; but then they wonder why everything costs so much.</p>
<p>I suspect, though it goes unmeasured, that a lot of the increase in inflation that no one can quite explain is a result of corporate sludge. It’s a bit like ‘dark matter,’ a fudge factor astronomers created to describe why their theories of the properties of matter can’t explain the expansion of the universe. Similarly, I don’t believe economists have a good explanation for inflationary increases of the last few years. They certainly understand that supply chains broke, but they can’t describe why prices didn’t go back down once they were repaired. And I don’t think anyone can really explain why the economy seems to be booming, while ordinary people are unhappy. My fudge factor to explain it is corporate sludge &#8211; there’s massive inefficiency everywhere as a result of hidden market power that doesn’t show up on balance sheets, but shows up as time wasted, anxiety, and extra costs where you don’t expect it.</p>
<h3 class="header-anchor-post">Health Care Sludge</h3>
<p>I’ve been thinking about the concept of corporate sludge for about a year, after the debate over health insurance in the U.S. prompted by Luigi Mangione’s alleged killing of a health care CEO. At the time, there was a lot of back-and-forth about popular anger at insurers. Economic commentator Noah Smith <a href="https://www.noahpinion.blog/p/insurance-companies-arent-the-main" rel="">wrote a piece</a> that bothered me a lot, explaining why we were focused on the wrong bad guy. Here’s the headline:</p>
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<div class="image2-inset"><picture><source srcset="https://substackcdn.com/image/fetch/$s_!0lJ1!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 424w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 848w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 1272w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 1456w" type="image/webp" sizes="100vw" /><img decoding="async" class="sizing-normal" src="https://substackcdn.com/image/fetch/$s_!0lJ1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png" sizes="100vw" srcset="https://substackcdn.com/image/fetch/$s_!0lJ1!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 424w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 848w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 1272w, https://substackcdn.com/image/fetch/$s_!0lJ1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png 1456w" alt="" width="717" height="416" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:416,&quot;width&quot;:717,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:68188,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.thebignewsletter.com/i/176743856?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3f511f4a-bebc-4fcf-aa8d-f8889da7bcbe_717x416.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" /></picture>
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<p>He explained that American anger is misplaced. Insurance companies, he wrote, are generally efficient pass-throughs that got the blame for covering for greedy doctors. What was Smith’s evidence? Well, it was a balance sheet analysis. While UnitedHealth Group’s revenue is on the order of $400 billion, he explained, the company had a thin profit margin of just 6.11%. It’s actually efficiently run, not greedy. What kind of a villain or monopolist passes most of its revenue on to someone else? It’s a rational argument from Smith, and yet, not persuasive. People hate United Health Group, because we know that analyzing accounting profits excludes the real costs of its behavior.</p>
<p>The experience of health care is full of corporate sludge, from having to dispute weird bills to being steered to medication that may or may not be correct, to doctors spending their time fighting with bureaucrats over reimbursements and audits. In February 2024, UnitedHealth Group’s <a href="https://www.thebignewsletter.com/p/its-time-to-break-up-big-medicine" rel="">Change subsidiary got hacked</a>, and it shut down cash flow to doctors, pharmacists, and hospitals, in some cases for months. Like the AWS outage, that didn’t affect UHG’s profit. But it certainly had a cost.</p>
<p>In other words, to look only at accounting profits is to miss the genuine costs of monopoly or financialization, which is the corporate sludge embedded in an economic system where the actual stakeholders who must use the system, patients and clinicians in the case of health care, have little power. And it’s not just UHG. In our current model of tight-fisted financiers choosing how to allocate health resources, somehow U.S. hospitals <a href="https://www.trillianthealth.com/market-research/studies/hospital-administrative-expenditures-exceed-direct-patient-care-by-nearly-2x" rel="">spend</a> twice as much on administrative costs as they do on direct patient care. Yet that doesn’t show up anywhere as accounting profit; hospitals are constantly explaining how strapped they are for cash.</p>
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<div class="image2-inset"><picture><source srcset="https://substackcdn.com/image/fetch/$s_!3ufJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 424w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 848w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 1272w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 1456w" type="image/webp" sizes="100vw" /><img loading="lazy" decoding="async" class="sizing-normal" title="Administrative and Direct Patient Care Expenditures at U.S. Hospitals" src="https://substackcdn.com/image/fetch/$s_!3ufJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png" sizes="100vw" srcset="https://substackcdn.com/image/fetch/$s_!3ufJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 424w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 848w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 1272w, https://substackcdn.com/image/fetch/$s_!3ufJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png 1456w" alt="Administrative and Direct Patient Care Expenditures at U.S. Hospitals" width="1456" height="1185" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f30c9a80-f004-48be-84b5-c8c032c04996_2979x2424.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1185,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Administrative and Direct Patient Care Expenditures at U.S. Hospitals&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" /></picture>
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<p>Yet, this money is going <em>somewhere</em>. I noted this dynamic a few weeks ago when I profiled a monopoly in unnecessary hospital surveys, which is <a href="https://www.thebignewsletter.com/p/value-based-termites-the-hospital" rel="">the result of a merger between</a> survey companies Qualtrics and Press Ganey, as well as a regulatory mandate by the Affordable Care Act. Ryan Smith, the billionaire owner of the Utah Jazz, founded Qualtrics, so one way to understand corporate sludge is that it’s shifting unnoticeable amounts of money from each of us to people who in turn buy sports teams. There are innumerable economic termites in health care, like <a href="https://www.thebignewsletter.com/p/how-the-american-medical-association" rel="">billing codes</a> that the American Medical Association has a copyright on, or electronic record keeping systems, or HIPAA-compliant note-taking software. And then there are also just big unnecessary billing departments fighting with other big unnecessary billing departments.</p>
<p>Noah Smith would look at the profit margin of hospitals, insurers, distributors, PBMs, et al and ask, “where’s the problem?” What he’d find is that nearly everything in health care has low margins or can be made to seen that way. So just by that analysis, Smith would see nothing but an efficiently run health care system. Yet the U.S. spends three times as much as every other country on its system, gets worse results, and generates a lot of health care millionaires who are good at pricing arbitrage.</p>
<h3 class="header-anchor-post">The Keys Aren’t Near the Lamp Post</h3>
<p>In other words, one of the more important reasons to look at corporate sludge as a meaningful challenge in the business world is that it helps expose something economists don’t measure, which is private inefficiency. A firm with market power can harvest that market power as accounting profits, or as additional administrative bloat or a higher cost supply chain. While economically these are similar, in terms of accounting and rhetoric, they are not.</p>
<p>For instance, one of the arguments that price gouging didn’t matter in food inflation during Covid was that grocery stores have thin operating margins. If there’s so much gouging, where’s all that extra profit? As I noted before, cutting a corporate procurement staff means a supermarket chain pays more for waste disposal or uniforms, but a profit margin analysis would miss that the price of milk is higher because a vendor is screwing the grocery chain.</p>
<p>Moreover, looking purely at the margins of a Kroger or Walmart misses how these companies organize an entire supply chain, and incentivize the sale of more expensive food in general. For instance, most large grocers make a fair amount of money through “slotting fees,” where branded food companies pay for display space for their wares, which is a form of price discrimination. Slotting fee contracts, or “trade spend,” make it very hard for smaller companies that sell cheap, fresh food to get into supermarkets, because they can’t afford to get on the shelf. It’s the ultra-processed food that permeates.</p>
<p>Since the government stopped enforcing laws against price discrimination in the 1980s, the food industry <a href="https://pmc.ncbi.nlm.nih.gov/articles/PMC4463383/" rel="">learned</a> “how to sell larger quantities of low-nutrient processed foods merely by manipulating their placement.” One consequence is that “rates of obesity in the United States doubled,” but another is that cheap regionally produced food producers disappeared, because they couldn’t get onto the shelf. So prices across the supply chain went up.</p>
<p>If you just look at the operating margins of the big grocers, you’d miss the transformation of our food industry from a low cost locally based high quality distribution system to a high cost globalized low quality one. You can argue all you want about economies of scale in food processing, but it’s just absurd to believe that the overhead of a major corporation like Kraft makes it more efficient than a local food producer. I mean, it’s been a few years since Covid, and the supply chains have cleared, yet prices didn’t come back down. No one can explain why. The answer is corporate sludge, hidden inefficiencies that are a result of market power.</p>
<h3 class="header-anchor-post">Electric Sludge</h3>
<p>Another example full of sludge comes in the details of the operations of investor-owned electric utilities, which are increasing prices dramatically and blaming it on the build-out of data centers. While data center growth is meaningful, utility prices in a lot of places were increasing before the massive AI investment, and states without data center growth are also seeing much higher prices. Moreover, there is an odd discontinuity in price increases, with some utilities hiking costs and others keeping them lower. What explains the difference? In America, most of our utilities are investor-owned, but some are owned by cities or are structured as cooperatives. Mark Ellis, a utility analyst, sent me this graphic of the change in electricity pricing for investor-owned vs publicly-owned utilities.</p>
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<div class="image2-inset"><picture><source srcset="https://substackcdn.com/image/fetch/$s_!F9M_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 424w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 848w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 1272w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 1456w" type="image/webp" sizes="100vw" /><img loading="lazy" decoding="async" class="sizing-normal" src="https://substackcdn.com/image/fetch/$s_!F9M_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png" sizes="100vw" srcset="https://substackcdn.com/image/fetch/$s_!F9M_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 424w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 848w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 1272w, https://substackcdn.com/image/fetch/$s_!F9M_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png 1456w" alt="" width="872" height="502" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:502,&quot;width&quot;:872,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:65206,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.thebignewsletter.com/i/176743856?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0940e50a-5c52-4e9b-aeb8-f1233b0628bf_872x502.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" /></picture>
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<p>Publicly owned utility rates have increased faster than investor-owned ones in only a few states.</p>
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<div class="image2-inset"><picture><source srcset="https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 424w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 848w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 1272w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 1456w" type="image/webp" sizes="100vw" /><img loading="lazy" decoding="async" class="sizing-normal" src="https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png" sizes="100vw" srcset="https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 424w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 848w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 1272w, https://substackcdn.com/image/fetch/$s_!Sj9Y!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png 1456w" alt="" width="900" height="1425" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1425,&quot;width&quot;:900,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:44420,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.thebignewsletter.com/i/176743856?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6795593b-c1eb-48a9-9a41-03f901bba6ce_900x1425.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" /></picture>
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<p>What’s going on here? Well, investor-owned utilities get regulators to let them raise prices based on a <a href="https://www.thebignewsletter.com/p/power-moves-how-electric-utility" rel="">supposed need</a> to send high profits to Wall Street, whereas publicly owned ones don’t. But the costs are much higher than what we see go to investors. Just looking at some of the public filings of utilities shows there’s also a lot of bloat. For instance, while the publicly owned utilities have a few lawyers on staff, private utilities of significant size seem to employ the equivalent of an internal mid-size law firm, paying dozens of lawyers up to a million dollars apiece for legal, regulatory, and lobbying work. This kind of gold-plating is no doubt happening down the line, from replacing poles when it’s unnecessary to do so, to bringing on unnecessary well-paid administrative staff to promote silly diversity initiatives.</p>
<p>All of these costs are real, and must be paid.</p>
<p>Now, getting back to AWS, most people, when looking at the situation, observed that too much of the internet is based on a few chokepoints. Fast Company had an article titled <a href="https://www.fastcompany.com/91425078/aws-outage-amazon-google-concentration" rel="">The AWS outage reveals the web’s massive centralization problem</a>, European leaders <a href="https://www.politico.eu/article/aws-amazon-web-services-outage-europe-limit-reliance-us-tech/" rel="">expressed</a> alarm on their dependency on U.S. big tech giants, and a giant Reddit thread &#8211; <a href="https://www.reddit.com/r/WorkReform/comments/1obp288/aws_services_are_down_this_is_why_monopolies/" rel="">AWS Services are down, This Is Why Monopolies Should Be Banned</a> &#8211; drew thousands of comments. (Ironically the thread itself went down for a period because of the outage.)</p>
<p>But none of these people said the problem with AWS is that it has a high profit margin. And no one focused on market share, or whether customers can in some theoretical world switch to another cloud provider. That’s because normal people can see what’s going on, even if economists can’t. Corporate sludge is everywhere.</p>
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<p>Thanks for reading! Your tips make this newsletter what it is, so please send me tips on weird monopolies, stories I’ve missed, or other thoughts. And if you liked this issue of BIG, you can sign up <a href="http://email.mg1.substack.com/c/eJxVUMFuwyAM_ZpwjIAmYT34UHXtb0QEnBSNQARmVf5-pN1hkyzberae37PRhEtMOxBmYiVjGp0FZoEradTEXB7nhLhq54FtZfLOaHIxHFtC9LJjDzhxNUs7nKTlnGsthRKDmj-s4dIYO0i2xUyjLtZhMAj4jWmPAZmHB9GWm9OlkfcaqybKFL3H1OYyZdLmqzVxraMn-togcyC5OPNzzT3ve9WKVnS3y5WL4a54d1PdZ9PxdRH_CFiCX946XA4vL7TaGWtdS3C0jxj05NECpYKM3v94Cad9Qwj4zB6JML3Bw74chFCsHrKxcgb4o_8H-RJ1Kg" rel="">here</a> for more issues, a newsletter on how to restore fair commerce, innovation, and democracy. Consider becoming a <a href="https://email.mg1.substack.com/c/eJxVUMtuwyAQ_JpwtABjEw4ceulvIB6Lg4rBgrUq_31J0kO7Wmk1-xrNeIuw1XZphI7kqB0NXgfoAt89AyI0cnZoJgVNgqaSe-lI6iY2gN2mrMlxupy8xVTLc4uxhQvy0DZKpyjQIL31CqigggOPQYWBIqg3lz1DguJB15Ivc9gUSNYPxKPf5o8b_xy5W8SONWdoUz9dR-u_Jl_3MXpC35IDkjSnnI2Y6cwkZROfhIwuSrXauC7e2_u0rNhtvJaboPvG_v0iTf9SjOH21PXqDmlm1P0sCS8DxboMQWM7geDbsJcHZoMCbRgZjEXN1nmVchaci5W9VQ5bxEzlXVFFBm2o46roP8J-AJJ0hnE" rel="">paying subscriber</a> to support this work, or if you are a paying subscriber, giving a <a href="https://email.mg1.substack.com/c/eJxVUEtuxSAMPE1YRnwSSBYsKlW9BiJgUlQCETiqcvvy3uuitSxZ9tgezTiLsJd6a4SG5CwNDd4n6AzfLQEiVHI1qCZ6Tbymiju1kdhMqACHjUmT89pSdBZjyY8txmY-kU_tOZOU-bB5urhl9ouc-RomtnoXpOX0xWUvHyE70CWn25w2epL0J-LZBvE28I-eh0VsWFKCOrZra2jd1-jK0aFH62rcYBB9U-4x4CDesV5AouaUsx6CCqYoG_k4qbAFtUob5OycXcZZYrPhnoeJHjv795xU_cvZwf0h9DntWk2vx5Uj3gay3RJ4_STEl4NPU8wOGWp31huLmkkhlRIT55NkL9ndp0lQtax0JZ3Wl36V9R-lPyvjiqk" rel="">gift subscription</a> to a friend, colleague, or family member. If you really liked it, read my book, <a href="https://www.simonandschuster.com/books/Goliath/Matt-Stoller/9781501183089" rel="">Goliath: The 100-Year War Between Monopoly Power and Democracy</a>.</p>
<p>Source:  <a href="https://www.thebignewsletter.com/p/corporate-sludge-what-the-aws-outage" target="_blank" rel="noopener">https://www.thebignewsletter.com/p/corporate-sludge-what-the-aws-outage</a></p>
<p>Bitchute: <a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noopener noreferrer">https://www.bitchute.com/channel/YBM3rvf5ydDM/</a></p>
<p>Gab: <a href="https://gab.com/hopegirl" target="_blank" rel="noopener noreferrer">https://gab.com/hopegirl</a></p>
<p>Telegram: <a href="https://t.me/Hopegirl587" target="_blank" rel="noopener noreferrer">https://t.me/Hopegirl587</a></p>
<p>EMF Protection Products: <a href="http://www.ftwproject.com" target="_blank" rel="noopener noreferrer">www.ftwproject.com</a></p>
<p>QEG Clean Energy Academy: <a href="http://www.cleanenergyacademy.com" target="_blank" rel="noopener noreferrer">www.cleanenergyacademy.com</a></p>
<p>The post <a href="https://www.hopegirlblog.com/2025/11/05/amazon-web-services-had-a-very-bad-day-amazons-stock-price-did-not/">Amazon Web Services Had a Very Bad Day, Amazon&#8217;s Stock Price Did Not</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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		<title>Dr Vernon Coleman – ‘They bought your compliance by printing money, and now you are paying the price’</title>
		<link>https://www.hopegirlblog.com/2022/10/28/dr-vernon-coleman-they-bought-your-compliance-by-printing-money-and-now-you-are-paying-the-price/</link>
					<comments>https://www.hopegirlblog.com/2022/10/28/dr-vernon-coleman-they-bought-your-compliance-by-printing-money-and-now-you-are-paying-the-price/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Fri, 28 Oct 2022 17:00:34 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[compliance]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[Vernon Coleman]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=10018</guid>

					<description><![CDATA[<img width="300" height="169" src="https://www.hopegirlblog.com/wp-content/uploads/2022/10/they-bought-your-compliance-300x169.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="they bought your compliance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>Central banks (including the Bank of England, the European Central Bank, the Federal Reserve) all failed to spot that inflation was coming. Why in the name of everything fiscal do we give money to these incompetent, overpaid buffoons? And why does anyone take any notice of what they say? It wasn’t difficult to see that inflation was coming. (I warned that inflation was coming fast and hard two years ago. I told you it was going into double figures.)</p>
<p>The post <a href="https://www.hopegirlblog.com/2022/10/28/dr-vernon-coleman-they-bought-your-compliance-by-printing-money-and-now-you-are-paying-the-price/">Dr Vernon Coleman – ‘They bought your compliance by printing money, and now you are paying the price’</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="169" src="https://www.hopegirlblog.com/wp-content/uploads/2022/10/they-bought-your-compliance-300x169.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="they bought your compliance" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><h2>What’s happening to your money?</h2>
<p class="has-arial-font-family has-custom-font"><em><strong><a href="http://vernoncoleman.org/" target="_blank" rel="noreferrer noopener">By Dr Vernon Coleman</a></strong></em></p>
<ol>
<li>Central banks (including the Bank of England, the European Central Bank, the Federal Reserve) all failed to spot that inflation was coming. Why in the name of everything fiscal do we give money to these incompetent, overpaid buffoons? And why does anyone take any notice of what they say? It wasn’t difficult to see that inflation was coming. (I warned that inflation was coming fast and hard two years ago. I told you it was going into double figures.) Similarly, it was easy to see (and again you could have read it on this website) that interest rates were going up. The days of absurdly low, artificial interest rates are over. They’ve served their purpose – and lined up millions of people for penury, bankruptcy and homelessness. (You’ll find more about inflation in my book <a href="https://vernoncoleman.org/books/moneypower"><em>Moneypower</em></a>.)</li>
<li>The idiots in governments keep saying that energy prices will fall next year. But they’re either being very, very stupid or they are lying. There is no way that energy prices are going to fall. They may go up and down a bit but the trend will be upwards. The officially supported and protected global warming cultists will ensure that energy prices go higher by helping to prevent oil companies finding new supplies. This winter is going to be a doddle compared to next winter. If you agree with me it might be a good idea to make appropriate plans. Congratulate yourself if you have a working chimney.</li>
<li>In the UK, the crypto-fascist-communist Government is now telling us how to heat our homes. They’re banning gas boilers and log burners and they want us all to install heat pumps and cavity wall insulation. They can sod off. When they pay my heating bills they can decide how it’s heated.</li>
<li>The rise in energy prices is buggering up all industry – including service industries and manufacturing industries. Unemployment is bound to rise.</li>
<li>This isn’t directly to do with your money but it’s good for a laugh. Truss’s special advisor is called Jason Stein. I’m told he used to work as a communications adviser to Prince Andrew. That went well, didn’t it?</li>
<li>The NHS budget is around £130 billion a year. When I last looked the outstanding compensation claims came to £83 billion. That doesn’t leave a lot left for treating patients. And remember, patients usually only win compensation when medical staff have made mistakes. Remind me again why people were told to clap NHS staff. And why the NHS was given the George Medal.</li>
<li>In her 20 minutes as Prime Minister, the appalling Truss was keen to boost immigration. I believe that the hope was that if more people come into Britain then the country will look busier and more productive. It’s yet more bollocks, of course. Immigration will only add to Britain’s wealth if the newcomers add more than around £34,000 a year to the Gross Domestic Product. Truss may have believed that all those immigrants crossing the Channel in rubber boats would each earn more than £34,000 as high flying IT specialists and investment bankers but I have my doubts. My guess is that Britain’s new Prime Minister will be Sir Klaus Schwab, the famous conspirator. He will take office using the name ‘Sunak’.<br />
In her 20 minutes as Prime Minister, the appalling Truss was keen to boost immigration. I believe that the hope was that if more people come into Britain then the country will look busier and more productive. It’s yet more bollocks, of course. Immigration will only add to Britain’s wealth if the newcomers add more than around £34,000 a year to the Gross Domestic Product. Truss may have believed that all those immigrants crossing the Channel in rubber boats would each earn more than £34,000 as high flying IT specialists and investment bankers but I have my doubts. My guess is that Britain’s new Prime Minister will be Sir Klaus Schwab, the famous conspirator. He will take office using the name ‘Sunak’.</li>
<li>The crazed enthusiasts who supported Modern Monetary Theory (which suggests that governments can spend as much as they want and then simply print more money to pay for it) have gone very quiet now that their mad scheme has gone bad.<br />
The crazed enthusiasts who supported Modern Monetary Theory (which suggests that governments can spend as much as they want and then simply print more money to pay for it) have gone very quiet now that their mad scheme has gone bad.</li>
<li>Let us spare a moment for Gordon the Moron (which just happened to be the title of my book about Gordon Brown). Gordon didn’t just sell our gold at the bottom of the market (and tell everyone what he was going to do before he did it) but he also gave the Bank of England independence. That was a brilliant move, too, wasn’t it?</li>
<li>Food prices are going to continue to soar. New laws brought in by the Government in the UK mean that nearly half of all arable land in huge areas of Britain will have to be left to go wild. The mad re-wilding scheme will result in an abundance of nettles, docks, giant hogweed, Japanese knotweed and brambles. But a shortage of food. Brilliant.</li>
<li>The International Monetary Fund wants Central Bank digital currencies to be programmed and used alongside a social credit system. You’ll only be able to spend `your’ money on goods and services which are approved. You’ll be able to buy a pound of roast grasshoppers. But no sweets, no cakes and no booze. If you want to know more about how social credit works and why you should be terrified please read my book <em><a href="https://vernoncoleman.org/books/social-credit-nightmare-your-street">Social Credit: Nightmare on Your Street</a></em></li>
<li>Shops, hairdressers and so on will face a rise in business rates of over 10% next year. This will add a collective £3 billion to their business rates bill. ‘This massive rise should get rid of whatever shops and other businesses are left after the winter,’ said a proud Government spokesman. ‘Those who say we don’t know what we doing simply don’t know what they’re saying.’</li>
</ol>
<p><strong>NB 1.</strong> The BBC has been asked to apologise. The BBC reported that Liz Truss had resigned as Prime Minister and she had. This unprecedented break with tradition has appalled MPs who have demanded that the BBC broadcast an apology for publishing a fact.</p>
<p><strong>NB 2.</strong> It has been decided that everyone in the country will now take their turn at being either Prime Minister or Chancellor of the Exchequer. The first `lucky’ winners will be selected via the National Lottery and will stay in office for one week each.</p>
<p>Source Link: <a href="https://expose-news.com/2022/10/26/vernon-coleman-now-youre-paying-the-price/" target="_blank" rel="noopener noreferrer">https://expose-news.com/2022/10/26/vernon-coleman-now-youre-paying-the-price/</a></p>
<p>Bitchute: <a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noopener noreferrer">https://www.bitchute.com/channel/YBM3rvf5ydDM/</a></p>
<p>Gab: <a href="https://gab.com/hopegirl" target="_blank" rel="noopener noreferrer">https://gab.com/hopegirl</a></p>
<p>Telegram: <a href="https://t.me/Hopegirl587" target="_blank" rel="noopener noreferrer">https://t.me/Hopegirl587</a></p>
<p>EMF Protection Products: <a href="http://www.ftwproject.com" target="_blank" rel="noopener noreferrer">www.ftwproject.com</a></p>
<p>QEG Clean Energy Academy: <a href="http://www.cleanenergyacademy.com" target="_blank" rel="noopener noreferrer">www.cleanenergyacademy.com</a></p>
<p>Forbidden Tech Book: <a href="http://www.forbiddentech.website" target="_blank" rel="noopener noreferrer">www.forbiddentech.website</a></p>
<p>&nbsp;</p>
<p>The post <a href="https://www.hopegirlblog.com/2022/10/28/dr-vernon-coleman-they-bought-your-compliance-by-printing-money-and-now-you-are-paying-the-price/">Dr Vernon Coleman – ‘They bought your compliance by printing money, and now you are paying the price’</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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		<title>Deutsche bank settles lawsuit for price rigging, turns “state’s evidence” on other banks</title>
		<link>https://www.hopegirlblog.com/2016/04/30/deutsche-bank-settles-lawsuit-for-price-rigging-turns-states-evidence-on-other-banks/</link>
					<comments>https://www.hopegirlblog.com/2016/04/30/deutsche-bank-settles-lawsuit-for-price-rigging-turns-states-evidence-on-other-banks/#respond</comments>
		
		<dc:creator><![CDATA[hopegirl]]></dc:creator>
		<pubDate>Sat, 30 Apr 2016 12:38:14 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[deutsche]]></category>
		<category><![CDATA[evidence]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[rigging]]></category>
		<category><![CDATA[settles]]></category>
		<category><![CDATA[states]]></category>
		<category><![CDATA[turns]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=958</guid>

					<description><![CDATA[<img width="300" height="196" src="https://www.hopegirlblog.com/wp-content/uploads/2016/04/deutsche-bank-settles-lawsuit-for-price-rigging-300x196.png" class="webfeedsFeaturedVisual wp-post-image" alt="deutsche bank settles lawsuit for price rigging" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>Prior to last week, Deutsche Bank made headlines for a string of huge losses and...</p>
<p>The post <a href="https://www.hopegirlblog.com/2016/04/30/deutsche-bank-settles-lawsuit-for-price-rigging-turns-states-evidence-on-other-banks/">Deutsche bank settles lawsuit for price rigging, turns “state’s evidence” on other banks</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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										<content:encoded><![CDATA[<img width="300" height="196" src="https://www.hopegirlblog.com/wp-content/uploads/2016/04/deutsche-bank-settles-lawsuit-for-price-rigging-300x196.png" class="webfeedsFeaturedVisual wp-post-image" alt="deutsche bank settles lawsuit for price rigging" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse.</p>
<p>Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German bank for cheating them by rigging the London “fix” price for gold and silver certainly must be smiling. Last week, the bank offered to settle their class action suit for an undisclosed amount.</p>
<p>Perhaps more importantly, DB promises to provide evidence to help the plaintiffs in their suit against the other banks who participated in manipulating the fix: Bank of Nova Scotia, Barclays, HSBC and SocGen. In a letter to U.S. District Court Judge Valerie Caproni, the plaintiff’s attorney said, “In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to the Plaintiffs, including the production of instant messages and other electronic communications, as part of the settlement.”</p>
<p>If the information DB provides is incriminating, as the plaintiff’s expect, it won’t be the only recent example of bankers getting caught talking smugly amongst themselves about swindling investors and clients. A year ago Citigroup, JPMorgan Chase, Barclays, and RBS pled guilty to criminally rigging the foreign exchange markets following the leak of some embarrassing communiques.</p>
<p>That case rested, in large part, on logs from an exclusive chat group participants dubbed “The Cartel.”</p>
<p>Here is a good example of the type of conversations contained in those logs. The banker representing Barclays “mentors” another member:</p>
<p>…whats the worst price I can put on this where the customers decision to trade with me or give me future business doesn’t change…if you ain’t cheating, you ain’t trying.</p>
<p>It is not only typical of the kind of thing members discussed. It also pretty well sums up bankers’ attitudes toward the public and their clientele generally.</p>
<p>Big banks have paid nearly $200 billion in fines in nearly 200 cases involving rotten dealings since 2009. Of course, bank CEOs claim no involvement and that each case is an isolated incident involving a few bad apples in the lower ranks. Perhaps there are even a few naive people around who still believe that to be the only extent of the problem.</p>
<p>Authorities, including the CFTC, might find a basis for criminal charges in material that DB provides. It would be nice to see bankers going to jail. The scale of fraud and theft makes Bernie Madoff look like a piker. But don’t hold your breath.</p>
<p>It was the corporations that pled guilty to criminal charges in the Foreign Exchange scandal a year ago, not individuals. The people involved seem to have immunity.</p>
<p>There have been exactly zero “perp walks” by high ranking executives at any of the major banks over the past decade. This despite overwhelming evidence of pervasive fraud in mortgage underwriting, derivatives, commodities trading, and currency markets. Instead, taxpayers pay for the bailouts and company shareholders get to pay the fines or settlements, which are often substantially smaller than the ill-gotten gains. None of the criminal bankers responsible end up in prison.</p>
<p>At least last week’s news is a signal that civil courts may provide some recourse for crowds of people who have been cheated. Since the news, Canadian investors filed two additional class-action suits seeking $1 billion in damages. More suits are likely on the way.</p>
<p>While regulators may be captured by these mega banks, it’s harder to control mobs of angry investors in civil court.</p>
<p>&nbsp;</p>
<p>By Clint Siegner</p>
<p>Clint Siegner is a Director at Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals‘ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.</p>
<p>(Source:  activistpost.com; April 20, 2016; http://tinyurl.com/zcx242n)</p>
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