Big changes ahead for the U.S. dollar: Saudi Arabia and China are discussing oil sales in yuan, which could undermine the dollar as the world’s de facto reserve currency. And President Biden signed an executive order last week directing government to research a Central Bank Digital Currency.Continue Reading
February’s Producer Price Index hit a record increase of 10.0% year-over-year. Added to disruptions in global food supply caused by the Russo-Ukrainian war, expect sharp increases in the price of food in the near future.Continue Reading
Rulers of Saudi Arabia and the United Arab Emirates are refusing to talk to President Joe Biden or help stabilize oil markets, upset by his support for Iran’s nuclear program.Continue Reading
The war between Russia and Ukraine is driving up costs of fertilizer, food, and natural gas for countries around the world not directly involved in the fighting—including us.Continue Reading
Vladimir Putin’s reasons for invading Ukraine may have as much to do with the spiritual roots of Russia and the Russian Orthodox Church as countering NATO’s expansion in Eastern Europe.Continue Reading
President Biden’s first State of the Union address was followed by not one, but three, responses—from other Democrats.Continue Reading
The loss of life in Ukraine cannot be measured in dollars or rubles, but the cost of this war will be paid by people all over the world.Continue Reading
Western media portrays the apparent delay in Russia’s advance in Ukraine as evidence of fierce resistance. That may be true, but it may also be an operational pause while the Russian military positions units for a final, devastating assault on Kyiv.Continue Reading
Looking beyond the geopolitical tensions between Russia and the West, why did Western liberals suddenly develop an intense hatred of Russia over the last ten years?Continue Reading
Russian President Vladimir Putin Monday announced that Russia recognizes the breakaway regions of Ukraine, Donetsk and Luhansk, as independent states and dispatched “peacekeepers” for security.Continue Reading