Philip Pilkington @philippilk Twitter profile | Pikagi

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Philip Pilkington

@philippilk

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Macroeconomist/investment professional. Tweeting all things macro/investment. Host of the Multipolarity podcast, @MultipolarPod .

https://t.co/3Oc9sxE8xM

Joined August 2021

Don't wanna be here? Send us removal request.

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@philippilk

Philip Pilkington

1 day

On this week’s episode of @MultipolarPod we do something a little different. I outline an ‘election-doom’ scenario where a Trump election triggers rapid American decline and @admcollingwood speculates that China may in fact have a grand strategy to TAKE OVER THE WORLD. Link👇

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@philippilk

Philip Pilkington

2 years

1/ Now that the Nordstream pipelines are gone it's worth thinking about how a deindustrialisation of Europe via permantly high energy prices. 🧵

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@philippilk

Philip Pilkington

1 year

1/ The economic collapse of Poland is going to be one for the ages. The numbers are wild. 🧵

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Philip Pilkington

1 year

That really didn’t take long.

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Philip Pilkington

1 year

1/ FT report today that gas demand has fallen. But in reality this is just the beginning of Europe’s coming deindustrialisation. Short 🧵.

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@philippilk

Philip Pilkington

28 days

The competency crisis in the US isn’t due to ‘DEI’ or whatever. Its due to a move from a competent scientific and engineering corporate technocracy to a consultantocracy where Powerpoint merchants wreck companies usually on behalf of financial spreadsheet types extracting rent.

@SamoBurja

Samo Burja

30 days

Boeing is the flagship of U.S. airpower and aerospace. But in recent years, its planes have fallen out of the sky. Why? Boeing is decaying due to succession failure in engineering and on the factory floor. Read the new @bismarckanlys Brief here: 1/n

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Philip Pilkington

1 year

There goes Sri Lanka.

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@philippilk

Philip Pilkington

2 years

1/ Why the euro makes absolutely no sense without access to cheap gas - and therefore why the euro is over. 🧵

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@philippilk

Philip Pilkington

2 years

9/ The European energy war will likely go down in hitory, together with the Treaty of Versailles and the trade wars of the 1930s, as one of the biggest economic policy errors in history.

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@philippilk

Philip Pilkington

2 years

8/ All of this is basically a repeat of what happened in the 1920s. It resulted in the Great Depression. But this time, only the West will sink into depression. The new BRICS+ bloc is building a seperate economic bloc and will continue to grow while the West wither on the vine.

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@philippilk

Philip Pilkington

2 years

10/ Another thing: when Trump was elected on a platform of milder protectionism, many people rightly pointed to the 1920s and 1930s and warned against these policies. These same people appear to have supported these much more 1920s/30s-like policies this past year. Ironic.

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@philippilk

Philip Pilkington

2 years

2/ European manufacturing will no longer be economically viable. Energy inputs - one of the key inputs in manufacturing - will be too expensive to viably produce products. They will simply be cheaper to buy elsewhere.

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@philippilk

Philip Pilkington

2 months

South Korea goes pro-natalist. With a fertility rate of 0.68 in 2024 they need to get moving. This should be priority no. 1 for the whole society and no cost should be too great. Most Western countries are heading toward South Korean birth rates so we need to get on it too. 🇰🇷👶

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@philippilk

Philip Pilkington

1 year

8/ This isn’t simple mismanagement. This is the sort of policy making you see in basket-case economies. If Poland collapses into actual hyperinflation will it remain an EU member state? Not clear.

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@philippilk

Philip Pilkington

11 months

1/ Yesterday I published an article in @unherd arguing that the situation leading up to the French riots is being driven by high food prices and low consumption. I presented INSEE data showing a 17% drawdown in food consumption, totally unprecedented in recent history. Chart 👇

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@philippilk

Philip Pilkington

1 year

Western airlines cannot compete with Chinese because the latter can fly over Russia. Sanctioning large amounts of the world’s total landmass has economic costs.

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@philippilk

Philip Pilkington

1 year

5/ But wait, there’s more! Poland’s inflation is close to 20%. 20%! They’re in the same territory as Argentina and Turkey were prior to both entering an inflation-depreciation doom loop.

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Philip Pilkington

2 years

4/ With no manufacturing jobs, Europeans will have far less purchasing power. If some of the manufacturing moves to America, it will be short-lived. America will realise that much of its export market has collapsed. Note that the EU makes up around 10% of US exports.

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@philippilk

Philip Pilkington

1 year

2/ The plan is to increase defence spending by 2.6% of GDP. With $17bn of new contracts with the US and South Korea, they’ve already hit 2.5% of GDP. ALL of that money flows abroad!

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Philip Pilkington

1 year

3/ Poland’s current account has collapsed into deficit this year. In the last two quarters it averaged 4% of GDP. That large a deficit is difficult enough to fund for a rich country like Britain or even the United States.

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@philippilk

Philip Pilkington

2 years

6/ Crushing European manufacturing simply creates a black hole in Europe. This black hole sucks in everything around it as economic activity around its borders dries up. Europe will also have to respond by shutting out exports to try to revive its uncompetitive industry.

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@philippilk

Philip Pilkington

2 years

3/ There is a good chance some of this manufacturing will move to America - but only in the very short-term. Why? Because investment in manufacturing creates demand for manufactured products. Manufacturing creates jobs in Europe, the workers buy the products.

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@philippilk

Philip Pilkington

1 year

6/ The zloty has declined 12% this year against USD. That’s nothing in compared to what’s coming. If you think a relatively poor country with an inflation rate over 10% higher than the US and a current account deficit of 6.5% of GDP can survive for long I’ve got a bridge to sell.

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@philippilk

Philip Pilkington

2 years

7/ Basically the only strategy for Europe will be to shut itself off and force its higher priced products on its residents. This will likely be accompanied by accelerated energy investment policies. This will result in yet more economic chaos for the West.

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Philip Pilkington

1 year

4/ Now add on the 2.5% of GDP being spent on weapons and we get to a 6.5% of GDP current account deficit. In a relatively poor Central European country with its own currency! 🚨

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@philippilk

Philip Pilkington

1 year

Food price inflation is running at 13% in Ireland. The people creating policy are laughably unserious. The government is borrowing money to give to farmers to destroy the food supply. This is Robert Mugabe economic policy.

@Independent_ie

Irish Independent

@Independent_ie

1 year

Good morning. Here is the front page of today's Irish Independent.

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Philip Pilkington

4 months

I regret to inform you but anarchocapitalism has accelerated Argentina’s hyperinflation substantially. 🇦🇷

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@unusual_whales

unusual_whales

@unusual_whales

4 months

Argentina inflation has hit 211.4%, per Reuters.

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@philippilk

Philip Pilkington

15 days

Japanese economic policy is turning the island into a museum. The collapsing yen means its too expensive for Japanese to travel abroad, while making it a cheap tourism hotspot. The Greeceification of Japan. 🇯🇵

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Philip Pilkington

1 year

7/ Surely then the Polish central bank are raising rates to defend the currency? Nope. Real interest rates in Poland is -11%. -11%!!!

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@philippilk

Philip Pilkington

1 year

7/ For those who think that Europe can rearm with its industry shut down, inflation and shortages, runaway inflation and falling living standards: please take an intro level economics course and figure out how armies etc are paid for.

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@philippilk

Philip Pilkington

2 years

5/ Then there are the imports to the US. US continue to buy some but they will be massively more expensive due to higher input costs. The US will try to poach some of this manufacturing and onshore it, but there are numerous constraints here; skilled work, infrastructure etc.

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@philippilk

Philip Pilkington

5 months

New Huawei laptop listing suggests the Chinese have now cracked the 5nm barrier. So yeah, the chip sanctions just destroyed the competitiveness of the Western chip industries. 🇨🇳💻

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@philippilk

Philip Pilkington

5 months

𝐖𝐡𝐲 𝐭𝐡𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐝 𝐒𝐞𝐚 𝐛𝐥𝐨𝐜𝐤𝐚𝐝𝐞 𝐚𝐥𝐦𝐨𝐬𝐭 𝐠𝐮𝐚𝐫𝐞𝐧𝐭𝐞𝐞s 𝐚 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐧𝐞𝐠𝐨𝐭𝐢𝐚𝐭𝐞𝐝 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐬𝐨𝐦𝐞 𝐤𝐢𝐧𝐝. Right now, as we all know, Western-affiliated ships are being forced to travel

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Philip Pilkington

3 months

Europe is in serious decline and Europeans know it. This is our Brezhnev era. We all know things aren’t getting better. That is why our leaders distract themselves with increasingly destructive and dangerous war fantasies. 🇪🇺📉

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Philip Pilkington

4 months

Let’s be clear what’s happening right now. We are “going to war” with the Houthis - with NO ACTUAL PLAN. There is NO ACTUAL PLAN for how we will fight them. We’re just tossing our hat in the ring and hoping they don’t sink our ships. Its a purely political move dictated by a sick

@zerohedge

zerohedge

4 months

US-Led Coalition Authorizes Joint Military Strikes Against Houthis

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@philippilk

Philip Pilkington

3 months

The failure of the Russian sanctions and the destruction of the European economy is now completely mainstream. From Bloomberg today. Yet no one can yet really process what it means at a meta-level: a new world order. 🇪🇺🇷🇺

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@philippilk

Philip Pilkington

1 year

1/ Looks like Europe is going to lose 20-30% of its oil supply. If that happens, expect a shortage economy like we saw in the late Soviet Union as supply chains completely collapse due to lack of diesel fuel. At that point I’m guessing people with the option to leave Europe will.

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@philippilk

Philip Pilkington

8 months

Deindustrialisation in Europe now impossible to ignore. Energy-intensive industry hit as badly as it was during the lockdowns. Can you imagine what this chart will look like when the actual recession hits? 🏭📉

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Philip Pilkington

6 months

So the Russian economy is running at full employment and the country is building a giant army that they didn’t previously have? Huh. Any comments on that from Western foreign policy strategists? 🇷🇺

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Philip Pilkington

1 year

@stonkpol Pointing out absurdity of sanctions = love of China. Deep brain logic! 🧠

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@philippilk

Philip Pilkington

1 year

Its getting rough out there, folks.

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Philip Pilkington

4 months

Europe were promised LNG by the US after cutting Russian buying. They were lied to. Electoral politics more important than a core ally. Biden pulls the LNG terminals even though Qatari LNG has to take the long route due to Red Sea attacks. Europe look like complete clowns. 🤡🇪🇺

@JavierBlas

Javier Blas

4 months

FULL STATEMENT: And it's official. The White House announces a "temporary pause" on pending approvals of American LNG export terminals. The statement is below, and links here to the comuniqué itself: and a White House factsheet:

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Philip Pilkington

3 months

Yeah we have 100% moved from “Germany isn’t deindustrialising stop being hysterical” to “of course the German economy is collapsing everyone knows that”. Expect more admissions of economic turmoil and collapse in the West to follow this next year or two. 🇩🇪

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@philippilk

Philip Pilkington

8 months

Ireland added around 2.75% to its population this year through immigration - in a single year. That means that 1 in every 36 people you see is a new arrival. You need not be particularly anti-immigration to recognise that’s an enormous number. 🇮🇪

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@philippilk

Philip Pilkington

1 year

4/ And the paper notes what many of us have been saying for some time: this isn’t a single year crisis. If something doesn’t change, this will be ongoing for years and European industry will cease to exist. The continent will be impoverished.

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@philippilk

Philip Pilkington

1 year

1/ Huge shifts taking place at the World Trade Organisation that fundamentally threaten US dominance over the international financial and economic landscape. 🧵

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@philippilk

Philip Pilkington

1 month

A few points on Janet Yellen’s utterly bizarre trip to China where she appeared to try to convince China to follow a growth model that the US Treasury concocted based on their own failed ‘Biden Bux’ policies of the past three years. - The main complaint against China was on

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@philippilk

Philip Pilkington

24 days

Who exactly is the economics team advising decision-making circles in DC to sanction the financial system of the country that finances the American trade deficit? I really want to meet these people. 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

11 months

Everyone tut tuts about the problem of homelessness. Many assume the cause is a lack of homes. Its not. The reason we have so many homeless is we decided to throw the mentally ill on the streets in the 1970s and 1980s - and no one wants to discuss it.

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Gimme shelter | Philip Pilkington | The Critic Magazine

The case for reopening the asylums…

thecritic.co.uk

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@philippilk

Philip Pilkington

16 days

This is the sort of chart that leads you to fail a basic statistics class in college. Because Ireland is so small you need to adjust for relative population. Here is what that looks like. Bad data analysis spreads yet more paranoia and disinformation in Ireland. 🇮🇪

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@paddycosgrave

Paddy Cosgrave

16 days

Utterly shocked 😜

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@philippilk

Philip Pilkington

1 year

6/ British business groups are already warning of a ‘lost decade’. Unless something changes on the energy front what that really means is a sharp fall in living standards and possibly a depression.

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@philippilk

Philip Pilkington

4 months

It’s the end of Pax Americana. It’s as simple as that. It ended with a whimper rather than a bang. The majority of our elite were distracted with internal low stakes political issues - like plagiarism at Harvard - and didn’t notice. Strange time to be alive. 🇺🇸

@johnkonrad

John Ʌ Konrad V

4 months

The clear lesson of Operation Prosperity Guardian is: our allies DO NOT trust 🇺🇸 This RED SEA story is a lot bigger than anyone realizes. Even if it’s solved tomorrow deep and serious questions remain about allied participation, supply chains and manipulation by malicious actors

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@philippilk

Philip Pilkington

1 year

2/ The paper notes that most of the decline in use is due to industry paring back. With prices so high, gas usage is disincentivised.

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@philippilk

Philip Pilkington

7 months

1/ I’ve spoken to numerous people this week, including some with experience in Middle East politics, who realise that the region is about to destabilise again. But they also think this is just part of the cycle, every ten years it falls apart there. But this time IS different. 🧵

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@philippilk

Philip Pilkington

1 year

3/ This is reflected in the PMI which started to go negative (>50) in the summer months, at the same time as the FT chart shows gas usage falling below normal levels. With high gas prices, producing goods in Europe stopped making economic sense.

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@philippilk

Philip Pilkington

1 year

5/ Recently Russia has confirmed it will not sell oil to countries engaged in the price cap. Russian oil makes up 20-30% of European supply. Unless something changes layer oil shortages on top of deindustrialisation. This will mean major supply chain breakdowns and shortages.

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@philippilk

Philip Pilkington

10 months

If you thought European deindustrialisation was bad check out the absolute meltdown in Switzerland. And this just after Switzerland threw in the towel after centuries - neutrality does back to 1515! - and engaged in international sanctions. 🇨🇭

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@philippilk

Philip Pilkington

1 year

Europe is deindustrialising right before our eyes.

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@philippilk

Philip Pilkington

2 years

10/ And so, unless something drastic changes, logic dictates that the euro must fall apart. And so it will fall apart. “That which must happen, will happen.” Iron law of economics. END/

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@philippilk

Philip Pilkington

3 months

Absolute disaster. Israel may well be done as a modern, wealthy economy. 🇮🇱

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@philippilk

Philip Pilkington

19 days

At the point where you’re considering 50% (!) tariffs maybe you’d be better off considering if you’re just doing something wrong. 🇪🇺🇨🇳

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@philippilk

Philip Pilkington

18 days

It really does look like the tariffs on China have just led to Mexico and ASEAN re-exporting Chinese products at higher prices. So, US living standards fall to line the pockets of middlemen. 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

10 months

Remember when Nord Stream blew up and Americans rationalised this by saying that, while Europe would be deindustrialised, European industry would move to America and make it even stronger? Yeah, its uh moving to China. Face it folks: there is no plan.

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@philippilk

Philip Pilkington

1 year

It can’t be stressed enough: Western total fertility numbers cannot be trusted. We’re still counting Boomer/Gen X fertility rates even though they’ve long stopped reproducing. The millennials/Gen Z are effectively barren. Huge demographic collapse inbound.

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@philippilk

Philip Pilkington

2 months

The British finance-led economic model collapsed in 2008. Brexit didn’t make any difference. Countries have to make things to prosper; shuffling paper isn’t enough. Funny that Labour are rerunning Blairism in the face of this. Out of ideas. 🇬🇧

@MichaelAArouet

Michael A. Arouet

@MichaelAArouet

2 months

Many are blaming current malaise of UK economy on Brexit, sad reality is, it started sooner that 2016

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@philippilk

Philip Pilkington

5 months

Russia importing a lot more precision machine tools (bolstering Chinese capital goods industry - predictable). This means they’re building up a robust and enhanced capital structure. The sanctions/war appear to spurred Russian economic development rather than hindering it. 🇷🇺

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@philippilk

Philip Pilkington

11 months

I haven't been able to replicate the German data on this chart, but if its correct - no reason to believe its not - German food consumption is crashing out just like we see in France. 📉

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@philippilk

Philip Pilkington

21 days

There is no longer any possible way to spin the breakdown of US-Chinese relations as being due to Chinese belligerence or whatever. The world is watching and the history books will record these moments. Let’s hope we don’t continue down this path. 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

4 months

This is nuts. The Biden administration and its allies are telling us they’re bombing Yemen to unclog global shipping. Then they’re telling shipping companies to avoid the area altogether. 🤡🎪

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@philippilk

Philip Pilkington

3 months

If you’d said this is where we’d be in 2024 back in March 2022 you’d have been laughed at and probably called names. Yet here we are. Are we allowed have a serious conversation about the utility of sanctions yet? 🇷🇺

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@philippilk

Philip Pilkington

1 month

“News reports suggest Yellen even tried to sell the Chinese on stimulus checks — or “stimmies,” as they came to be known during the pandemic. Put yourself in the shoes of the Chinese here: Yellen’s Treasury has created a cost-of-living crisis in America, and now she wants to

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@philippilk

Philip Pilkington

3 months

Anyone notice how aggressive the British response has been to the Tucker interview? The Americans seem to have just brushed it off. But the ragepoasting in Britain has been intense - and, it must be said, slightly weird. 🇬🇧

@TPostMillennial

The Post Millennial

@TPostMillennial

3 months

Boris Johnson calls Tucker Carlson’s interview with Vladimir Putin “ludicrous.”

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@philippilk

Philip Pilkington

1 year

There’s a quiet rebellion going on in the diplomatic halls of power.

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@philippilk

Philip Pilkington

10 months

Everyone who understands the semiconductor industry knows how self-defeating US attempts to sanction their way to prosperity are. The policy appears to be run by think tank types with no real business experience or industry-specific knowledge.

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@philippilk

Philip Pilkington

7 months

1/ From what I understand, word in DC is that the upcoming Battle of Gaza is going to be modelled on the Second Battle of Fallujah in the Iraq War. How the battle progresses and whether the IDF gets pinned down is basically contingent on whether this is an accurate assessment. 🧵

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@philippilk

Philip Pilkington

3 months

Maybe… just hear me out here… the Chinese cars are just… better…? 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

3 months

Imagine being dumb enough to believe China put their super secret spy technology in their cars rather than in, say, their laptops. America-in-decline is becoming such an unserious country. Sad. 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

3 months

Israeli labour force is 4.37m. 300k have been removed from the labour force, so less than 7% - yet GDP has contracted by 20%. This goes beyond labour issues. Imports down 42%. Maybe the blockade has succeeded and is cratering the entire economy? 🇮🇱📉

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@philippilk

Philip Pilkington

19 days

Russian gas cut off from Japan. Yen in free-fall to maintain competitiveness. BRICS bloc buying up insane amounts of gold. Yen turning to funny money vis-a-vis gold. The new global system is taking shape before our eyes. 🇯🇵🌏

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@philippilk

Philip Pilkington

2 months

“Andrew Bailey said that Truss’ government had damaged the country’s reputation. Yet while Truss’s tax cuts were set to cost the Treasury £30 billion in 2023 alone the losses from the Bank’s QE programme cost £40 billion and will cost £40 billion again this year.”

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@philippilk

Philip Pilkington

2 months

Chinese reliance on US inputs is far, far less than US reliance on Chinese inputs. If the two economies are ever forcibly decoupled - by a war in the South China Sea, for example - the impact on the US economy would be profound. Hyperinflationary collapse a real possibility. 🇺🇸🇨🇳

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@philippilk

Philip Pilkington

2 years

2/ There are many rationales given for the euro, but when you strip all the peripheral ones away you get to the core argument: the euro is actually a proxy for the Deutschmark and all parties perceive themselves as benefiting from a permanent org to the Deutschmark.

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@philippilk

Philip Pilkington

3 months

NATO is about to lose a war - a real war, not a glorified policing operation - and everyone knows it. Its ammo stockpiles are empty and its European members are broke. Its senior personnel are discredited. The US are sick of it. And Trump has said he’s willing to pull the plug.

@Aaaa449497434

A-a_aa

3 months

@philippilk I don’t mean to be obtuse and smart people are starting to say this, but why? NATO didn’t officially go to war and if Russia attacks a NATO state, as a grouping NATO still has at least conventional parity.

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Philip Pilkington

4 months

Remember you learned in history class that in WWI old men who had led placid lives sent young men to fight and die in a fruitless war that the West never really recovered from? Its happening again but this time the old men are jokey and ironic. First as tragedy, then as farce.

@JamesMelville

James Melville 🚜

4 months

If Boris Johnson is so keen on a citizen army, he should put himself forward for military action.

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@philippilk

Philip Pilkington

4 months

𝐓𝐡𝐞 “𝐬𝐞𝐜𝐫𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭” 𝐥𝐞𝐚𝐤𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐅𝐓 𝐚𝐛𝐨𝐮𝐭 𝐚 𝐁𝐫𝐮𝐬𝐬𝐞𝐥𝐬-𝐥𝐞𝐝 𝐚𝐭𝐭𝐚𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐇𝐮𝐧𝐠𝐚𝐫𝐢𝐚𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐢𝐬 𝐚 𝐜𝐥𝐨𝐰𝐧-𝐬𝐡𝐨𝐰 𝐟𝐮𝐥𝐥 𝐨𝐟 𝐛𝐚𝐬𝐢𝐜 𝐞𝐫𝐫𝐨𝐫𝐬. 🇭🇺 The most obvious is the idea that Hungary has

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@philippilk

Philip Pilkington

7 months

College degrees becoming increasingly worthless. This will only get worse. Why are we wasting money and resources on this? Fake degrees remove 3-5 labour years from market and cost public money spent on pointless edubureacracies. 🏫👨‍🏫

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@philippilk

Philip Pilkington

1 year

Do British diplomats care that the Americans are making a fortune from overpriced LNG shipments and then when the country makes moves toward energy independence Kerry lectures them and tries to shut it down?

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@philippilk

Philip Pilkington

4 months

The Red Sea situation is exposing the shambolic state the US Navy and the Royal Navy are in. Many people are shocked to learn this; they assumed that Western military power was effectively infinite. But listeners to @MultipolarPod know a lot has changed in the past 20 years.

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Philip Pilkington

3 months

Its fallen out of the news cycle due to the new #currentthing of the day but here is a photo of the British ship Rubymar that was hit by a Houthi missile - as a gentle reminder that a relatively small rebel group have shut down the Suez Canal.

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@philippilk

Philip Pilkington

5 months

What does “worsening” deflation even mean? If the economy is growing it doesn’t matter if prices are falling slightly. Chinese PMIs and exports surprised to the upside recently. IMF said they’ll hit growth targets. Why is the media so stuck on this narrative? Its weird. 🇨🇳

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@philippilk

Philip Pilkington

21 days

Guys, stop. Please. Currencies are based on trust, not force. You’re making things much, much worse. If you screw this up there’s no reset button. Seriously. 🇺🇸💵

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Philip Pilkington

3 months

Pure fake news on Chinese economy in the @FT this morning. The paper tells us that “Chinese consumers tighten their belts”. The piece provides no evidence of this and official statistics show retail sales up 7.2%! 🇨🇳🤷‍♂️ @imandylin2 @xueqiao1994

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Philip Pilkington

2 years

6/ Here’s the thing though: that is no longer the case. Why? The stronger economies got cocky. They used their wealth to try to ‘go green’ faster than the other kids on the block and got addicted to Russian gas. With Nord Stream smoked, that gas is gone - for a very long time.

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Philip Pilkington

3 months

It’s starting to feel like the left is making a comeback - multiple developments are pointing in this direction. The actual revolutionary left, not the clownish culture wars left that’s been around since the Obama administration.

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@philippilk

Philip Pilkington

3 months

Wait a minute! I thought unaffordable housing in Britain was caused by a lack of supply. But here the council are painting fake windows and doors onto abandoned properties to cover up local decline. 🤔

@PrisonPlanet

Paul Joseph Watson

3 months

Bald & Bankrupt's latest video chillingly highlights the demise of British towns. Instead of boarding up houses, councils are now disguising the decline by painting on fake windows, curtains and doors.

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Philip Pilkington

2 months

All serious analysts know the the “Chinese economic meltdown” is a mirage generated by the Western press who are unable to face ever-accelerating Western decline and the CCP is just ignoring it and focusing on utterly dominating world markets with cheap, high-tech products. 🇨🇳

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Philip Pilkington

2 months

Why doesn’t Britain want to generate its own power? So weird. 🇬🇧

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Philip Pilkington

2 years

3/ By ‘Deutschmark’ I mean that the euro derives its value from German manufacturing - and to some extent Dutch farming and a few other highly successful industries. How does each party benefit - at least in their own eyes?

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Philip Pilkington

9 months

This stuff is becoming utterly embarrassing. Saudi Arabia is the swing producer in oil. If you’re listening to this nonsense you’re in lalaland. Utterly unserious.

@PeterZeihan

Peter Zeihan

9 months

I'm trying to come up with a dumber list of countries to expand to if you want to have geopolitical influence. At the moment I'm not coming up with anything.

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Philip Pilkington

1 year

1/ This Yellen interview will very likely be used by future historians to assess why the US continued on its present course despite many people realising where it would lead. Its worth listening carefully to what the justifications are. 🧵

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@philippilk

Philip Pilkington

1 year

What an absolute mess the Fed has created with their kooky monetary policy experiments. They may have destroyed the banking system completely.

@JoeConsorti

Joe Consorti

1 year

All banks are sitting on major securities losses. The Big 4 US banks have a combined $211.5 billion in unrealized losses, BofA alone is stomaching 1/3 of it. Regionals are getting slaughtered due to their small deposit bases, but large banks have these holes too. Bananas 🍌

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Philip Pilkington

1 year

Deindustrialisation? What deindustrialisation?

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