As we had forecast for over a month, Congressional Republicans and President Joe Biden would reach a meaningless debt ceiling deal to avoid a national default. Also as we had forecast, the debt ceiling would be broken through once again with no end in sight... as the cover of this week’s Trends Journal illustrates.
Category: 1 November 2022
NO U.S. DEBT CEILING FOR ARMS DEALERS AND WAR
No matter how divided the media Presstitutes and politicians claim the U.S. Congress is divided, when it comes to feeding the military-industrial complex and waging war, the facts prove they are on the same murderous page.
DEADLY PROTESTS BREAK OUT IN PERU AS COUNTRY SEES SIXTH PRESIDENT IN SIX YEARS
Peruvians took to the streets after the country swore in a new president after the downfall of Pedro Castillo, who won the presidency in 2021 as the anti-establishment pick.
PUTIN BLAMES U.S. FOR UKRAINE COUP IN 2014
Russian President Vladimir Putin referred to the 2014 coup in Ukraine that was organized and funded by the U.S.
MORTGAGE RATES HIGHEST IN 20 YEARS
The U.S. average interest rate on a fixed-rate, 30-year mortgage reached 7.08 percent during the week ended 28 October, according to the Federal Home Loan Mortgage Corporation (Freddie Mac).
NEW EURO STUDY SAYS COVID SHOTS ADD UP TO HEART DAMAGE AT MUCH HIGHER RATES THAN CLAIMED
Selection bias. In the case of COVID mRNA and DNA treatments deceptively labeled “vaccines,” it means that reported effects of heart problems are only the tip of the iceberg.
THE RISING DANGER OF PUTIN’S GO-SLOW LIMITED WAR
Consider the conflict that seems to be shaping up. The Russian offensive is on hold as the Kremlin went to war without sufficient soldiers and no reserves.
SPOTLIGHT: CHINA
China continues its strict zero-tolerance policy of anti-COVID lockdowns as new closures closeted 200 million people in 28 cities as of 24 October, according to The Wall Street Journal.
EGYPT’S CURRENCY FALLS AFTER IMF BAILOUT
The value of Egypt’s currency, the pound, fell 15 percent last week to a record low of 23.09 to the U.S. dollar after the central bank raised a key interest rate by two percentage points.
AUSTRALIA’S INFLATION RATE HITS 32-YEAR HIGH
Inflation in Australia rose to 7.3 percent in this year’s third quarter, its fastest clip since the same period in 1990, which at the time caused the country’s central bank to raise interest rates so high that the economy lurched into recession.