We know what’s coming and we are prepared.
What might the next pandemic be?
The next one might be like the last one: it could originate in the banking sector. Earlier this month, I detailed how the COVID 19 pandemic coincided with a gathering collapse in the banking sector.
ECB’s Christine Lagarde soils self
On Tuesday last week (two days before the baroness’s inquiry report was published), the ECB issued a warning that Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems. This is very unusual: banks, especially central ones, usually go out of their way to reassure us that the system is sound, there’s nothing to worry about and we can safely disperse: nothing to see here.
Now they appear to have soiled themselves for some reason (liquidity drying up + a shortage of high quality collateral since the selfish Russians won’t let us have their natural resources). This is probably where that “next pandemic” is brewing up and why it may be necessary to go hard and fast with lockdowns 2.0
We’ve been in a health emergency for 10 weeks now!
The looming banking virus may also be the reason why back in September, European Commission President, the crooked and dishonourable Ursula von der Leyen thought it appropriate to announce in her State of the Union speech before the EU parliament that “We are on the brink, if not even at the start of another global health crisis.” If that was true (of course it was, Ms. von der Leyen wouldn’t lie to us about such serious things!), we’ve been in a new global health crisis for over 10 weeks now. It would be interesting to learn why they’ve done exactly nothing about this global health crisis yet.
It may be that the contagion from the ECB, BOE, BOJ and the Fed could begin to spread rapidly, necessitating urgent and “stringent” measures. The consequences could be similar as in the early 2020, including major dislocations in global financial and commodities markets. Studying the price charts of gold, silver, copper, crude oil, currency pairs, treasury bonds, and equity markets could provide valid guidance for the next “pandemic.”
However, the more radical measures this time could include even the closure of markets and banks that could last days, weeks or months (as in the UK after the breakout of World War I). The troubling part is that this will probably have to be a complete ambush: they won’t be able to preannounce their measures in advance, implying that we have to prepare before the proverbial excrement hits the fan, with adequate amounts of cash on hand, non-perishable foods and fuel for heating and transport. It is entirely possible that the Internet might go down to prevent the spread of misinformation and disinformation too. I suspect that Ukraine’s capitulation and an armistice favorable to Russia could exacerbate the public health crisis Ms. von der Leyen already foreshadowed. https://alexkrainer.substack.com/p/are-new-and-improved-lockdowns-coming
Speaking at the WEF, Savor CEO Kathleen Alexander boasts about how her company is "saving the planet" from the evils of agriculture by replacing real butters and oils with synthetic versions made from carbon dioxide and methane. 😳
"Savor is part of bringing transformation to the food system by re-imagining how we make an entire macronutrient—fats and oils."
"The result is that we can dramatically lower the planetary footprint of our food system."
"Our food system today uses about 50% of the habitable land on the planet. It's 20-30% of our greenhouse gas emissions."
"And we can reduce all of those by 50-100%."
Source
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🌆 Market News Digest
[July 3, 2026 EST]
🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
• U.S. oil market scrutiny — DOJ/FTC say they’re monitoring crude for price-fixing/collusion as Brent settles at $72.12/bbl.
• Trump pardons saga — Trump signs pardons for six and faces fresh scrutiny after NBC reported undisclosed stock purchases before tariff pause.
⛽ Oil & Energy
• Gulf crude exports topped 10M bpd in June but remain ~40% below pre-conflict levels; Fitch flags ongoing Iran/Mideast risk to corporates and oil forecasts.
• CMA CGM warns Hormuz transit charges would be “devastating”; Airbus says defense cooperation remains pressured.
📊 Markets & Macro
• Germany’s 2027 draft budget lifts borrowing to €203.7B and spending to €555.4B; euro equities firm with DAX +0.85%.
• ECB/BoE message: inflation still the focus, but Bailey says UK ...
🇮🇷🏆🇺🇸 Iran Is a Bigger Defeat Than Vietnam | Foreign Policy
At his second inaugural, U.S. President Donald Trump pronounced his hope “that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country.” By losing his Gulf war, Trump has achieved that goal. His choice to launch a campaign against Iran was encouraged by others, but fully his own. It has led to a reversal that marks a strategic calamity far greater than the U.S. defeat in the Vietnam War.
Defeat in the Iranian war looks, on the surface, nothing like other U.S. military defeats. The speed of the war and its remoteness have lent an air of unreality to the whole endeavor. The White House has not been burned, as it was in 1814; there have not been protests against a nonexistent draft. The absence of substantial U.S. casualties in this conflict also masks the scale of the U.S. defeat. To be sure, the war has been deadly: Thousands of Iranians, ...
According to The Wall Street Journal, Donald Trump reviewed military options for a full-scale war against Iran to “finish the job,” but has decided, for now, not to move forward.
The report says Trump is concerned that renewed military conflict could hurt the chances of a diplomatic resolution and of dismantling Iran’s nuclear program, and that he’s shown willingness to let indirect talks in Qatar run past the August 18 deadline. He is said to be fine with continuing limited strikes on Iranian targets if Tehran violates the current temporary deal - as it already has, repeatedly.
How are those negotiations going?
Not well. It seems JD Vance’s “historic” face-to-face achievement was a one-off. Washington has been quietly downgraded from talking to the Great Satan to negotiating with the Little Satan instead - a senior Qatari official confirmed that U.S. envoys Steve Witkoff and Jared Kushner met Qatari officials in Doha, but there are currently no high-level U.S.-Iran meetings ...
