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

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

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

Neocons in Washington, DC argue that war with Russia might be necessary to stop Vladimir Putin from reconstituting the Soviet Union. This assumes Putin wants to reintegrate an unfriendly state like Ukraine, and it ignores similar US policies like the Monroe Doctrine (which also declared that the US would not interfere in Europe).Continue Reading