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2026-11-01 Economy
The collapse of global markets
Direct Translation via Google Translate. Edited.

Text taken from the Telegram channel of banksta.

Commentary by Russian military journalist Boris Rozhin is in italics.

[ColonelCassad] The hack of the Binance crypto exchange, which lost nearly $6 billion, caused markets around the world to collapse. The total loss in one day exceeded $3 trillion.

A healthy financial system is immediately apparent.

Also: the EU is scraping the last of its diesel reserves. It will allocate 42.6 million barrels of oil from its strategic reserves to stabilize the diesel market before the onset of winter.

EU Energy Commissioner Dan Jorgensen stated that maximum efforts are being made to stabilize the diesel fuel situation. However, he warned that EU countries are facing a "tough winter" due to high prices for gas and oil products. Europeans will have to choose between food and heating this winter, said EU Energy Commissioner Dan Jorgensen.

Around 50 million Europeans are experiencing difficulties paying their utility bills.

It can be expected that after the midterm elections, Trump will, one way or another, continue dumping fuel from strategic reserves, which have already fallen to 1982 levels, onto the market over the next 3-6 months.

A new round of aggression against Iran could seriously accelerate these processes in both Europe and the US.


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Posted by badanov 2026-11-01 00:00|| E-Mail|| Front Page|| ||Comments [3 views ]  Top

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