The cost of the goods the U.S. imported last month was up 0.7 percent from July after declining by 0.3 percent for two months in a row.
ECONOMIC UPDATE
As they say in The Bronx, “Bullshit has its own sound.” But as we say, “The Bull is dead, “Trumpshit has its own sound.” We have been detailed by the facts that U.S. President Trump keeps speaking out of both sides of his mouth, changing his tune to do all he can to rig the equity and oil markets.
IRAN WAR’S FUEL PRICE SPIKE HAS COST AMERICANS $107 BILLION
Since the Iran War began, Americans have paid about $107 billion more for gasoline and diesel fuel than they would have if fuel prices had remained about where they were before Israel and the U.S. attacked Iran on 28 February, according to an analysis by Brown University’s Climate Solutions Lab.
IEA CUTS ITS OUTLOOK FOR GLOBAL OIL SUPPLY AND DEMAND
On 18 September, the International Energy Agency (IEA) sharply reduced its forecast for the world’s oil supply and demand this year, citing the lack of progress in settling the U.S.’s war on Iran and renewed strikes along the Persian Gulf.
TRUMP TELLS UN THAT HE NEEDS TO DECIDE WHETHER TO ‘ANNIHILATE’ IRAN OR MAKE A DEAL
President Donald Trump addressed the UN General Assembly on Tuesday and said he needs to decide on whether to strike a deal with Tehran to end the war or “annihilate the Islamic Republic.”
THE PRESSURE IS BUILDING ACROSS THE ENTIRE SYSTEM…
The EXACT convergence of events which we have been watching is CONVERGING…….FASTER.
TRUMP TELLS RALLY THAT HIGH GAS PRICES ARE A SMALL PRICE TO PAY FOR WHAT THE U.S. HAS ACCOMPLISHED IN IRAN
President Donald Trump told a rally in North Carolina last week that higher gas prices are a small price to pay for what his administration has managed to achieve in its war of aggression against Iran, to persuade voters to cast a ballot for Republicans in the midterms.
Global Economy
SPOTLIGHT: BIGS GETTING BIGGER
OpenAI has bought Glass Imaging, a company developing a new camera technology for smartphones, in a deal that values the business at about $300 million, insiders told The Wall Street Journal.
BOJ HIKES INTEREST RATE TO ITS HIGHEST SINCE 1995
On 18 September, the Bank of Japan’s (BOJ’s) governing committee raised the bank’s key interest rate from 1 percent to 1.25 percent, its highest in 31 years.
FRANCE’S NATIONAL DEBT REACHES A 31-YEAR PEAK
A months-long parliamentary stalemate has created an unresolved budget deficit that will push France’s debt to its greatest level since 1995 when the nation’s statistics agency began tracking changes in the debt, the country’s finance ministry has said.
U.S. Economy
MARKET OVERVIEW
U.S. equity markets had a tumultuous week. Chip stocks rallied yet again, lifting the NASDAQ and Standard & Poor’s 500 index. Leading AI executives urged a slowdown in their technology’s development. Uncertainty over rising bond yields and the U.S. Federal Reserve’s first-rate hike in three years dented the Dow Jones Industrial Average.
WILL AMERICA’S DRIVERS SEE RATIONED MOTOR OIL?
Many newer cars require synthetic motor oil, not the old-fashioned “natural” stuff.
HOW RECORD DIESEL PRICES WILL SHAKE UP THE U.S. ECONOMY
The Iran War has sent the price of diesel fuel to new records, peaking at a national average of $6.31 a gallon on 16 September.
The Iran War
IRAN WAR HAS COST WE THE PEOPLE OF SLAVELANDIA AT LEAST $43.6 BILLION
The Pentagon informed Congress last week that the Iran War has cost American taxpayers at least $43.6 billion through 3 September, with most of the spending going towards munitions.
TRUMP SAYS HE’S CONTEMPLATING ‘IF AND WHEN DO I BLOW THE ENTIRE NATION UP’
President Donald Trump said in an interview on Sunday that he is trying to determine his next steps in the Iran War and has been asking himself, “If and when do I blow the entire nation up?”
‘REASONABLE GROUNDS’ TO BELIEVE U.S. COMMITTED WAR CRIMES IN IRAN WAR: UN MISSION SAYS
A fact-finding team commissioned by the United Nations reported last week that there are “reasonable grounds” that indicate the U.S. committed war crimes as it carried out its illegal war of aggression against Iran that started on 28 February.
The Israel War
JEWS IN THE U.S. TAKE A NEW LOOK AT WHAT IT MEANS TO BE A ZIONIST
As millions of Jews in the U.S. take part in high holiday celebrations, many are reflecting on what it means to be a “Zionist” at a time when Israel is carrying out a genocide in Gaza and punishing populations in the West Bank and Lebanon.
GAZA/LEBANON DEATH TOLL
The IDF has killed at least 73,919 Palestinians inside Gaza since the start of the genocide in October 2023.
AI CAN SPOT DEMENTIA WARNINGS IN YOUR BRAIN WHILE YOU SLEEP
An AI can spot warning signs of dementia in the brain of a sleeping person years before symptoms begin to be noticed, according to developers at Boston’s Deaconess Beth Israel Medical Center and the University of California San Francisco.