As winter sets in and with energy prices soaring, Europe is claiming that the U.S. is benefiting economically from the Ukraine War. And as America’s profits increase, so too are the strains between Washington and Brussels.
Author: admin
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U.S. REWARDS ZELENSKY WITH $4.5 BILLION OF U.S. TAXPAYER DOLLARS AFTER GETTING CAUGHT IN LIE TO START WWIII
Just call him ‘Teflon’ Zelensky.
A sitcom clown who played the role as president of Ukraine and played the piano with his penis who was elected president in what the European Union classifies as the most corrupt country in Europe—Zelensky is championed by Washington and the mainstream media as a hero.
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UKRAINIAN CITY CHANGES STREET NAME FOR NAZI HEAD
A city in West-Central Ukraine decided to change the name of a street from Leo Tolstoy, the great Russian author, to Stepan Bandera, the Ukrainian nationalist leader with links to the Nazis during WWII.
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U.S. GOES FROM CAPITALISM TO CORPORATISM
Northvolt, Europe’s premier maker of batteries for electric vehicles (EVs), is looking to expand its presence in the U.S., lured by at least $369 million in financial incentives offered through the Inflation Reduction Act (IRA) to build a factory here, compared to Germany’s offer of about €155 million, the Financial Times reported.
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U.S. MORE WEAPONS OF DEATH TO UKRAINE, NO PEACE
To keep the weapons flowing into Ukraine, the U.S. Department of Defense announced last week that it authorized a presidential drawdown valued at up to $400 million, which is the 26th drawdown since August 2021.
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JAPAN’S ECONOMY SHRINKS AS INFLATION SETS FOUR-DECADE RECORD
In this year’s third quarter, Japan’s economy contracted for the first time in a year, shrinking 1.2 percent as galloping inflation raised import costs and the yen’s value sank to its lowest in decades.
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TOP TREND 2022, DRAGFLATION: BRITISH BUDGET CHIEF DEFENDS SPENDING CUTS, TAX HIKES
Last week, Jeremy Hunt, the U.K.’s finance minister, formally known as Chancellor of the Exchequer, defended his government’s £55 billion in spending cuts and tax increases designed to dig Britain out of its debts, tame an inflation rate of 11 percent, and convince investors that the U.K. is on the path to financial stability.
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OIL PRICES TUMBLE: REAL OR FAKE?
This is the headline on the front page of today’s Wall Street Journal: “OPEC + Weighs Pumping More Oil.”
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CHILE READY TO SLASH INTEREST RATE NEXT YEAR, MARKETS PREDICT
Interest-rate futures markets are betting that Chile’s central bank will chop more than 5 percentage points from its current 11.25-percent rate by the end of next year, according to Bloomberg.
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TREND: BANK OF ISRAEL INCREASES KEY INTEREST RATE LESS THAN EXPECTED
Validating analysts’ our forecasts cited in “Future Rate Hikes Will Be Smaller” in this issue, on 21 November the Bank of Israel (BoI) increased its base interest rate by a half-point, not the three-quarters of a point that analysts had expected.