The media would like to believe the Fed is doing everything in its power to fight inflation, but it’s not true. Yes, the Fed raised rates by 50 basis points in May and, yes, the Fed is trying to sound as “hawkish” as possible. But these things are designed to dupe the public not to…
I know you probably get tired of me saying this but the Euro-zone is headed for a massive crisis. On Thursday, June 9th, the ECB came out with its policy statement, less than one week before the next FOMC meeting statement (June 14th). It was a doozy. Christine Lagarde attempted early on to project that…
So, how about those fuel prices? Fun ain’t it to spend more on filling up your tank than it costs for a decent meal at a second-rate restaurant? So you thought you could afford that $45,000 truck and the $700/month payment. Guess again. After suckering everyone in with low monthly payments for obscenely overpriced clunkers,…
Listen to a reading of this article: ❖ President Biden used the phrase “Putin’s price hike” again in a reaction to Friday’s Consumer Price Index report revealing continued high inflation, showing once again that the US government believes Americans are idiots. “Make no mistake about it: I understand inflation is a real challenge to American families….
As is well-known, the total length of the state border of the People’s Republic of China (PRC) on land is 22,457 km. Of this length, 4,360 km is the border with Mongolia, 4,179 km is the border with Russia and 2,659 km is the border with India, making the three countries leaders in terms of…
A couple of weeks ago, RT ran a story purporting to explain the mystery behind the rise in exchange rate of the Russian ruble. It touched on a concept I’ve talked about vis a vis Russia for years: the disparity between nominal GDP which yields a number roughly the size of Canada and Purchasing Power…
