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Jerome Powell: “The level of debt we have is not unsustainable, but the path that we’re on is unsustainable” 11:03 05.07.2024

Jerome Powell: “The level of debt we have is not unsustainable, but the path that we’re on is unsustainable”

At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell (photo) emphasized a careful approach to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. Speaking on a panel with ECB President Christine Lagarde and Central Bank of Brazil Governor Roberto …
View from Washington: Biden reportedly considers dropping out as polls show him losing key states 11:01 05.07.2024

View from Washington: Biden reportedly considers dropping out as polls show him losing key states

As Democrats appear to be distancing themselves from the campaign to reelect Joe Biden and opening the door to other possibilities, the president has reportedly told a close ally that he is reconsidering whether he should stay in the race — the strongest indicator yet that he may drop out …
View from Washington: The dollar’s biggest threat 10:59 05.07.2024

View from Washington: The dollar’s biggest threat

For now, the threat of the dollar losing its status as the world’s premier currency may be exaggerated. It is also at odds with the latest findings of the Official Monetary and Financial Institutions Forum, writes ‘The Hill’. The results show that a net 18 percent of central banks plan …
Vladimir Putin: Amid a rapidly changing global landscape, a multipolar world order is officially here 18:45 04.07.2024

Vladimir Putin: Amid a rapidly changing global landscape, a multipolar world order is officially here

The security of the Shanghai Cooperation Organization’s (SCO) member states remains central to the organization’s mission. The association’s regional anti-terrorist agency will be revamped to this end, Russian President Vladimir Putin said at a meeting of the SCO Heads of State Council in Astana. He stressed that the approved program …
The Asia Times: “The fool’s-based international order – for the first time, all the governments of the West are on the brink” 9:45 04.07.2024

The Asia Times: “The fool’s-based international order – for the first time, all the governments of the West are on the brink”

First Biden, then Macron and the unfortunate Rishi Sunak. Japan’s Kishida, Germany’s Scholz and Canada’s Trudeau remain in office only because the election cycle doesn’t require them to assay the voters. For the first time since modern European states were defined by the Treaty of Westphalia, every government of every …
View from UAE: NATO membership and Zelensky’s legitimacy crisis 9:44 04.07.2024

View from UAE: NATO membership and Zelensky’s legitimacy crisis

The Ukraine crisis continues to escalate in complexity, both militarily and politically. On the political front, NATO is maintaining a calculated stance regarding Ukraine’s potential membership. NATO officials have confirmed that no invitation to join the alliance will be extended to Ukraine at the upcoming Washington summit, echoing statements made …
The Economic Collapse Blog: 11 signs that the U.S. economy is in far worse shape than most people think 9:41 04.07.2024

The Economic Collapse Blog: 11 signs that the U.S. economy is in far worse shape than most people think

Just this week we have received quite a bit of very troubling news, and the outlook for the months ahead is very bleak. The following are 11 signs that the U.S. economy is in far worse shape than most people think, writes Michael Snyder, a nationally syndicated writer, media personality …
USA policy: A complex of superiority or a lack of diplomatic education? 9:40 04.07.2024

USA policy: A complex of superiority or a lack of diplomatic education?

An undercurrent of America's diplomatic high-handedness with India causes misgivings and affects trust-building, writes Kanwal Sibal, ex-Foreign Secretary of India, Ambassador to Turkey, Egypt, France and Russia, and Deputy Chief Of Mission in Washington. In releasing the State Department's 2023 International Religious Freedom report recently, US Secretary of State Anto...
View from Washington: Ukraine war will end in surrender. There will not be negotiations with Zelensky 11:47 03.07.2024

View from Washington: Ukraine war will end in surrender. There will not be negotiations with Zelensky

The Ukraine war will end in a surrender, not in a negotiated deal. That is my sense of where the war is headed and why the parties cannot negotiate a settlement, writes Stephen Bryen, a former US Deputy Under Secretary of Defense. The latest wrinkle in the missing negotiating saga …
Israel vows to return Lebanon to ‘Stone Age’: “We have the ability to use a Doomsday Weapon” 11:45 03.07.2024

Israel vows to return Lebanon to ‘Stone Age’: “We have the ability to use a Doomsday Weapon”

Defense Minister Yoav Gallant said Israel was prepared to send Lebanon back to the “Stone Age” with a massive bombing campaign. The White House desperately tries to avert a major war in the Middle East but is not making progress. After three days of meetings with top officials in Washington, …
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