Once again Joe Manchin has broken away from party lines to prevent the Democrats from destroying the global economy. Manchin announced that he would not support President Biden’s pick for Fed chair, Sarah Bloom Raskin, as her personal views on climate change could drastically alter Fed policy. “I have carefully reviewed Sarah Bloom Raskin’s qualifications […]

ASIA: Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine. The Japanese government will strengthen measures against the transfer of funds using crypto assets that would violate the sanctions, the FSA and the Ministry of Finance said […]

“We are now in very active discussions with our European partners about banning the import of Russian oil to our countries while, of course, at the same time maintaining a steady global supply of oil,” Secretary of State Blinken said on “Meet the Press” on NBC last Sunday. Then we have Biden blaming the price […]

ASIA: Asian spot liquefied natural gas (LNG) prices declined this week, tracking European gas prices which fell due to stable Russian gas flows and LNG supply. The average LNG price for April delivery into north-east Asia was estimated at $38.00 per metric million British thermal units (mmBtu), down $2.50, or 6.2% from the previous week, […]

COMMENT #1: OK Marty, it is now becoming obvious that not only Trump reads your stuff but so does Obama. Trump bought a $19 million remote island and Obama bought one for $15 million. This is not a coincidence. Your war cycle goes nuts next year and we have the worst crop of world leaders […]

QUESTION: You noted that the Pentagon rejected Poland sending planes to Ukraine showed they were not behind this drive. Is this just politicians? LW ANSWER: Wars are always begun by politicians. Some for their ego to rule and conquer like Alexander the Great. Others do so out of retribution, such as Hitler, mixed with the […]

  ASIA: China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and the war in Ukraine. Li announced on Saturday the unusually modest target of about 5.5% growth for 2022 – the lowest since […]

ASIA: India has signed contracts to export about 500,000 tonnes of wheat in recent days, traders said, cashing in on a sharp rally in international prices and signaling a big uptick in overseas sales from the world’s second biggest producer of the grain. Traders said last week they had received inquiries from buyers seeking alternatives […]

ASIA: India is likely to rank among the emerging economies worst affected by the Russia-Ukraine crisis as a surge in global prices of commodities is set to upend spending plans and derail its pandemic recovery, analysts say. If the conflict lasts, India, which imports close to 85% of its oil needs, is likely to see […]

I warned ion the private blog that cryptocurrencies may end up being suspended. The excuse will be Russia and the news is out now that Biden will sign an Executive Order to regulate cryptos because Russia can use it to circumvent sanctions. Not only is Biden authorizing the regulation of digital currencies, but he is […]