Month: June 2022

The overriding issue in the world today is whether the United States and Europe can be brought into the growing dynamic in favor of a new paradigm in international relations, together with a financial system oriented to real economic development and the general welfare. That dynamic is being spurred by the so-called Western powers themselves in their desperate efforts to […]

The timid interest rate hikes by the Federal Reserve and the European Central Bank sent global stock markets into a free fall last Friday and again this week, but they won’t stop the hyperinflationary spiral. Not because current inflation has nothing to do with the money supply, but exactly the opposite. True, energy and energy-related prices account for 80% of […]

A related issue is the ECB announcement of an end to the APP (Assets Purchase Program) on July 1. So far, the APP has guaranteed monthly ECB purchases of sovereign debt in the Eurozone, thus guaranteeing the stability of the euro. The announcement has immediately sent the spread between German and peripheric yields close to the unsustainability threshold. The ECB […]

On June 3, following a meeting between Joe Biden and Federal Reserve chairman Jerome Powell, the U.S. President stated that fighting inflation is his “top economic priority.” He blamed the soaring rate of inflation on two factors : the fact that the U.S.has entered “the most robust recovery in modern history” and “Putin’s price hikes” (conveniently scapegoating Russia for his […]

As expected, the real winner in the first round of the French legislative elections, on June 12, was the abstention party, which reached an absolute record of 52,49% (51.3% in 2017).There were also half a million invalid ballots. The real surprise was that Emmanuel Macron’s party Ensemble, and Jean Luc Mélenchon’s NUPES received, according to the government’s figures, practically the […]

Dr. Subrahmanyam Jaishankar, India’s External Affairs Minister, had some very blunt words for Europe in his address to the GLOBESEC 2022 Bratislava Forum on June 3, as part of his four-day tour of NATO allies Slovakia and the Czech Republic. Defending his country’s foreign policy decisions, he refuted the idea, pushed very undiplomatically by the Europeans and the U.S., that India […]

It could have been a great opportunity for the United States to step forward in a spirit of collaboration and friendship to forge comprehensive emergency and long-term agreements to address the problems in the Western Hemisphere, including deepening global economic political and social turmoil. Instead, the Biden-Harris administration presided over a dismal flop at the Summit of the Americas, held […]

President Irfaan Ali celebrated World Environment Day June 5 by forcefully stating the basic principle of any actual human economic system or government: People come first. “We cannot address climate issues unless we address the fundamental needs and wants of human beings. We cannot even speak about climate change if we have people who are hungry, people who don’t have […]

AU Chairman Meets Putin, Calls for Lifting Sanctions. African Union Chairman Macky Sall, along with AU Commission Chairman Moussa Faki Mahamat, finally met with Russian Federation President Vladimir Putin in Sochi, Russia, on June 3, despite Westrn attempts to prevent such a meeting. At the top of the agenda was the food crisis and how to ensure the delivery of […]

“There Can Be No Peace Without the Bankruptcy Reorganization of the Dying Trans-Atlantic Financial System” is the theme of the day two event. You can register and follow the proceedings at: https://schillerinstitute.nationbuilder.com/conference20220618_19 Panel 1: Strategic Situation (Saturday, 9:00 am EDT; 3:00 pm CET) 1. Helga Zepp-LaRouche (Germany); founder, Schiller Institute: Keynote Address. 2. Andrey Kortunov (Russia); Director General of the […]