Al Gore is obviously impervious to irony and/or hypocrisy. Click here for this week’s PID Radio.
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.
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.