The German energy crisis has reached the point where Deutsche Bank starts to 'model' (let's call it that) the potential for gas-to-wood substitution for heating German households this winter.

Germans fighting for wood 🪵 and the ones that weren’t early will end up sleeping in ski clothes this winter.

BOOM 💥
The early signs of a potential EU breakup…

Tick Tock Germany 👀

With Nord Stream 1 flowing at just 20% of capacity from July 27, Germany will NOT have enough natural gas to make it throughout the whole winter unless big demand reductions are implemented. Berlin will need to activate stage 3 of its gas emergency program.

NEW: China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic data, a congressional probe found.

https://www.wsj.com/articles/china-targeted-fed-to-build-informant-network-access-data-a-probe-says-11658826000

Pelosi has been warned by a CCP Media spokesperson if she goes to Taiwan…

CHINA WILL SHOOT DOWN U.S. FIGHTER JETS ESCORTING PELOSI IF THEY ENTER TAIWAN AIRSPACE.

With Taiwan on center stage, here’s a fascinating read on Nuclear history and game theory written before Biden took office: https://www.aspistrategist.org.au/would-a-nuclear-armed-taiwan-deter-china/

Chinese Air Defense Systems has been spotted moving into Fujian Province.

https://teleg.eu/beholdisraelchannel/10151

The drama over Taiwan continues…

JUST IN: A cyber-attack on the official websites of the #Taiwan Presidency and Taiwan government.

China's Xiamen city is crowded with Battle tanks on roads near Taiwan Strait in Fujian .

⚠️ There are reports in Japanese media that 8 US fighter jets and 5 refuelling planes took off from the US military base in Okinawa, Japan at 8pm local time. Reports say they may be going to provide "perimeter security" for Pelosi.

Half an hour before Nancy Pelosi's arrival in Taiwan, an official statement from Chinese Foreign Ministry spokesman Zhao Lijian has just been published:

"Pelosi's visit to Taiwan will be a gross interference in China's internal affairs, and will lead to very serious events and serious consequences. The Chinese side once again warns the American side that the Chinese military is on high alert, the Chinese military will by no means remain an indifferent observer, and it will definitely take decisive and effective countermeasures for defense on sovereignty and territorial integrity"

LIVE: House speaker Nancy Pelosi expected to arrive in Taipei, in approximately 40mins.

https://twitter.com/reuters/status/1554461744164007936?s=21&t=ZA1Lvx8TTiYO5Hc4G8TVUQ

Taiwanese and Japanese media reporting 8x F-15 fighters and 5x tanker aircraft just took off from Okinawa. Only 385nm from Taiwan

*TAIWAN CAA PROBES BOMB THREATS RECEIVED AT SONGSHAN AIRPORT - BBG (2mins ago)

I’m hearing similar anecdotal evidence re China’s position on Taiwan/Pelosi…

*TAIWAN AIR FORCE FIGHTERS ESCORTING PELOSI FLIGHT; TO LAND IN 30 MINS - BBG

Crazy Nancy is Late ⏰

PRC coastline province, Fujian, warming up the missile shots tonight, welcoming Pelosi's landing.

And so it begins…

*CHINA CLOSES AIRSPACE ABOVE TAIWAN STRAIGHT TO ALL CIVILLIAN AIRCRAFT - BBG

This is a significant moment.