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A WORLD AT WAR?

Biden lashes out against “enemies” as our country declines By Philip Giraldi One recalls that when war fever surged, demanding intervention by Imperial Britain in the Russo-Turkish War of 1877, a song became popular in the music halls which included “We don’t want to fight, But by Jingo if we do, We’ve got the ships,...

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ECONOMIC AND MARKET OVERVIEW

Welcome to the Global insane asylum. It’s ‘One Flew Over the Cuckoo’s Nest’ 2.0 in a country near you. Take a look at what the Big Nurse Ratcheds running the globalist scheme game called the “European Union” did today.  Yes, Nurse Ratched’s arrogant, insane, authoritarians who force you to take the medicine that the government...

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SPOTLIGHT: BIGS GETTING BIGGER

Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. SAUDIS PAY $3 BILLION...

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SPOTLIGHT ON INFLATION

YELLEN REJECTS SUGGESTION TO RAISE 2-PERCENT INFLATION TARGET Advanced nations should not adjust upward their 2-percent inflation targets just because inflation is running at high rates, U.S. treasury secretary Janet Yellen told reporters on 19 May in Bonn, Germany, where she was attending a meeting of finance ministers of the G7 nations. “The challenge is...

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PURVEYORS OF LUXURY GOODS FORESEE U.S. BOOM, CHINA REVIVAL

Companies hawking haute couture, pricey perfumes, and three-figure bottles of cognac expect sales in China to return to COVID-era highs and to accelerate in the U.S., despite roaring inflation and an extended sell-off of luxury-company stocks. Antoine Arnault, CEO of the Berluti division of luxury conglomerate LVMH, and Gildo Zegna, head of Italy’s Ermenegildo Zegna...

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CAR SALES IN EUROPE DIVE 20 PERCENT IN APRIL

In April, car sales in Europe declined for a 10th consecutive month, with new registrations off 20 percent, year over year, the European Automobile Manufacturers’ Association said, recording the largest drop this year. Stellantis, the conglomerate that subsumed Chrysler Fiat, saw sales plunge 31 percent. Italy lost more than a third of its sales, compared...