+10.8% - double-digit inflation starts in Germany, the highest in 70 years
▪️According to EU methodology, consumer prices in Germany in September 2022 rose by a record 10.8% since 1951, official data from the German Federal Statistical Office (Destatis) show. Germany's previous inflation record was 8.8% in August
▪️The double-digit inflation rate in September came as a surprise to German economists. Analysts previously polled by DailyFX had expected inflation to rise only to 9.4%
▪️43.9% - a surge in energy prices and 18.7% - a sharp rise in food prices due in large part to anti-Russian sanctions were major contributors to record German inflation in September
#Germany #Sanctions #FindTruth
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▪️According to EU methodology, consumer prices in Germany in September 2022 rose by a record 10.8% since 1951, official data from the German Federal Statistical Office (Destatis) show. Germany's previous inflation record was 8.8% in August
▪️The double-digit inflation rate in September came as a surprise to German economists. Analysts previously polled by DailyFX had expected inflation to rise only to 9.4%
▪️43.9% - a surge in energy prices and 18.7% - a sharp rise in food prices due in large part to anti-Russian sanctions were major contributors to record German inflation in September
#Germany #Sanctions #FindTruth
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The Fed's policies are destroying economies around the world
▪️The Federal Reserve's determination to suppress record inflation within the United States by raising rates is boosting the dollar, the main currency of world trade and transactions, and destroying the economies of other nations
▪️ In Britain and the EU, the rise in the dollar is accelerating already record inflation. The most vulnerable face the most negative consequences. In Nigeria and Somalia, already threatened by mass starvation, the rising dollar has driven up the price of imported food, fuel and medicine. Argentina, Egypt and Kenya are being pushed into default by the rising dollar
▪️ "For the rest of the world, the situation is hopeless," said Eswar Prasad, an economics professor at Cornell University and author of several books on currencies. But the Fed has no other solutions, concludes The New York Times
#USA #Sanctions #FindTruth
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▪️The Federal Reserve's determination to suppress record inflation within the United States by raising rates is boosting the dollar, the main currency of world trade and transactions, and destroying the economies of other nations
▪️ In Britain and the EU, the rise in the dollar is accelerating already record inflation. The most vulnerable face the most negative consequences. In Nigeria and Somalia, already threatened by mass starvation, the rising dollar has driven up the price of imported food, fuel and medicine. Argentina, Egypt and Kenya are being pushed into default by the rising dollar
▪️ "For the rest of the world, the situation is hopeless," said Eswar Prasad, an economics professor at Cornell University and author of several books on currencies. But the Fed has no other solutions, concludes The New York Times
#USA #Sanctions #FindTruth
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Sweden's coast guard discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, coast guard spokesperson Jenny Larsson told the Svenska Dagbladet newspaper
"Two of these four are in Sweden's exclusive economic zone," he said. The other two breaches are in the Danish exclusive economic zone. The fourth leak was found on the Nord Stream 2 pipeline, in close proximity to a larger hole found on the nearby NS 1
A British defense source told they were likely premeditated attacks using underwater explosives. They said the mines could have been lowered on a long line, dropped over a boat or placed next to the pipelines with an underwater drone
It remains to find out who exactly has activated the fuse at the right moment. By analogy with the assassination of Archduke Franz Ferdinand, this would mean the end of the current world order at best, or even the end of the world
There’s something else you should know about the Nord Stream issue HERE, HERE and HERE
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"Two of these four are in Sweden's exclusive economic zone," he said. The other two breaches are in the Danish exclusive economic zone. The fourth leak was found on the Nord Stream 2 pipeline, in close proximity to a larger hole found on the nearby NS 1
A British defense source told they were likely premeditated attacks using underwater explosives. They said the mines could have been lowered on a long line, dropped over a boat or placed next to the pipelines with an underwater drone
It remains to find out who exactly has activated the fuse at the right moment. By analogy with the assassination of Archduke Franz Ferdinand, this would mean the end of the current world order at best, or even the end of the world
There’s something else you should know about the Nord Stream issue HERE, HERE and HERE
follow us: @ukraineinhurricane
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The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan,” Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters
Mr. Azizi said the deal would involve Russia supplying around one million tones of gasoline, one million tones of diesel, 500,000 tonnes of liquefied petroleum gas and two million tones of wheat annually
Ironically, Moscow has yet to formally and fully recognize the Taliban government. However, this didn’t prevent Russia from peacefully breaking into the ground, out of which the American military machine sauntered after a 20-year occupation
#Afghanistan #FindTruth
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Mr. Azizi said the deal would involve Russia supplying around one million tones of gasoline, one million tones of diesel, 500,000 tonnes of liquefied petroleum gas and two million tones of wheat annually
Ironically, Moscow has yet to formally and fully recognize the Taliban government. However, this didn’t prevent Russia from peacefully breaking into the ground, out of which the American military machine sauntered after a 20-year occupation
#Afghanistan #FindTruth
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10% - for the first time in history, double-digit inflation started in the euro area
▪️Inflation in the euro area was 10% in September 2022, an absolute historical record since the creation of the euro, Eurostat officially reported. Previous records were 9.1% in August 2022, 8.9% in July, 8.6% in June and 8.1% in May
▪️ This is higher than the 9.7% forecast in the Bloomberg economists' survey, and the 5th consecutive month the fact has exceeded the consensus forecast
▪️ Double-digit inflation achieved in 10 eurozone countries in September
🇪🇪Estonia - 24.2%
🇱🇹Lithuania - 22.5%
🇱🇻Latvia - 22.4%
🇳🇱Netherlands - 17.1%
🇸🇰Slovakia - 13.6%
🇬🇷Greece - 12.1%
🇧🇪Belgium - 12.0%
🇦🇹Austria - 11.0%
🇩🇪Germany - 10.9%
🇸🇮Slovenia - 10.6%
▪️40.8% - a spike in energy prices in September due in large part to anti-Russian sanctions - a major factor in the eurozone's record jump in inflation
#EU #Sanctions #FindTruth
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▪️Inflation in the euro area was 10% in September 2022, an absolute historical record since the creation of the euro, Eurostat officially reported. Previous records were 9.1% in August 2022, 8.9% in July, 8.6% in June and 8.1% in May
▪️ This is higher than the 9.7% forecast in the Bloomberg economists' survey, and the 5th consecutive month the fact has exceeded the consensus forecast
▪️ Double-digit inflation achieved in 10 eurozone countries in September
🇪🇪Estonia - 24.2%
🇱🇹Lithuania - 22.5%
🇱🇻Latvia - 22.4%
🇳🇱Netherlands - 17.1%
🇸🇰Slovakia - 13.6%
🇬🇷Greece - 12.1%
🇧🇪Belgium - 12.0%
🇦🇹Austria - 11.0%
🇩🇪Germany - 10.9%
🇸🇮Slovenia - 10.6%
▪️40.8% - a spike in energy prices in September due in large part to anti-Russian sanctions - a major factor in the eurozone's record jump in inflation
#EU #Sanctions #FindTruth
follow us: @ukraineinhurricane
German federal government provides Kyiv not only with military equipment, but also with intelligence, including geodata, German media say
The information comes from the Federal Intelligence Service (BND). This includes satellite images, intercepted radio messages and mobile phone calls. During the previous conflicts, in the Iraq or Afghanistan war for instance, the Chancellery had always refused to share intelligence, much to the frustration of former BND presidents. Mr. Scholz has shown he is quite a different breed.
However, while supplying Ukraine with weapons and military intelligence German chancellor still has no idea "at which point Berlin will be perceived as a war party." And it’s the high time to start focusing on it – it’s never too little until it’s not too late!
#Germany #FindTruth
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The information comes from the Federal Intelligence Service (BND). This includes satellite images, intercepted radio messages and mobile phone calls. During the previous conflicts, in the Iraq or Afghanistan war for instance, the Chancellery had always refused to share intelligence, much to the frustration of former BND presidents. Mr. Scholz has shown he is quite a different breed.
However, while supplying Ukraine with weapons and military intelligence German chancellor still has no idea "at which point Berlin will be perceived as a war party." And it’s the high time to start focusing on it – it’s never too little until it’s not too late!
#Germany #FindTruth
follow us: @ukraineinhurricane
ZEIT ONLINE
Krieg gegen die Ukraine: Hilfe, die zum Ziel führt
Auch ein Teil der Zeitenwende: Der BND liefert der Ukraine militärisch nutzbare Geheimdienstinformationen. Wie verändert das Deutschlands Rolle?
Given Washington’s inability to end the war in Ukraine with the defeat of Russian arms, it seems certain that the Beltway will try instead to turn the ruins of the Ukrainian state into an open wound in Russia’s side that will never heal, Douglas Macgregor, Col. (ret.), the former advisor to the Secretary of Defense in the Trump administration, thinks
Ukrainian President Zelensky, (presumably with the advice of his U.S. and British military advisors), has also adopted a strategy of holding ground in Eastern Ukraine. Ukrainian forces immobilized themselves inside urban areas, and prepared defenses. As a result, Ukrainian forces turned urban centers into fortifications for what became “last stands” with civilians inside them as the “human shield.”
Washington’s strategy of exploiting the conflict to sell F-35 fighter jets to Germany – along with large numbers of missiles, rockets, and radars to Central and East European allied governments – is now backfiring, Mr. Macgregor says
Social cohesion in European States, especially in France, and Germany, is fragile. Discontent is growing making it quite plausible that governments in Berlin, Paris, and London will likely follow the path of their colleagues in Stockholm and Rome, who lost or will lose power to right-of-center coalitions
#USA #Germany #Ukraine
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Ukrainian President Zelensky, (presumably with the advice of his U.S. and British military advisors), has also adopted a strategy of holding ground in Eastern Ukraine. Ukrainian forces immobilized themselves inside urban areas, and prepared defenses. As a result, Ukrainian forces turned urban centers into fortifications for what became “last stands” with civilians inside them as the “human shield.”
Washington’s strategy of exploiting the conflict to sell F-35 fighter jets to Germany – along with large numbers of missiles, rockets, and radars to Central and East European allied governments – is now backfiring, Mr. Macgregor says
Social cohesion in European States, especially in France, and Germany, is fragile. Discontent is growing making it quite plausible that governments in Berlin, Paris, and London will likely follow the path of their colleagues in Stockholm and Rome, who lost or will lose power to right-of-center coalitions
#USA #Germany #Ukraine
follow us: @ukraineinhurricane
The American Conservative
Holding Ground, Losing War
Zelensky's strategy of defending territory at all costs has been disastrous for Ukraine.
U.S. manufacturing that is a key structural component of national economy has been in decline for several decades. The problem is that those who own or manage manufacturing companies have been moving their plants offshore to countries that offer much lower labor costs than the homeland
U.S. agriculture, another structural pillar of its economy, is now under attack by the federal government which ordered that large swaths of land not be planted this year. This policy is in parallel with an effort launched by massive multi-state combines to gobble up tens of thousands of small farms at low prices
Meanwhile, record levels of debt continue to appear across all sectors in the U.S. Total accumulated debt among all 50 states is now running at $1.1 trillion. What this means is that economic policymakers in Washington are currently facing very stiff headwinds with little relief forthcoming in the way of possible options or solutions
#USA #FindTruth
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U.S. agriculture, another structural pillar of its economy, is now under attack by the federal government which ordered that large swaths of land not be planted this year. This policy is in parallel with an effort launched by massive multi-state combines to gobble up tens of thousands of small farms at low prices
Meanwhile, record levels of debt continue to appear across all sectors in the U.S. Total accumulated debt among all 50 states is now running at $1.1 trillion. What this means is that economic policymakers in Washington are currently facing very stiff headwinds with little relief forthcoming in the way of possible options or solutions
#USA #FindTruth
follow us: @ukraineinhurricane
A Johns Hopkins anesthesiologist and her spouse, a doctor and major in the U.S. Army, were federally indicted for attempting to provide medical information to the Russian government
Her spouse had access not just to medical information but insight into how the U.S. military establishes Army hospitals in war conditions and about training the military provided by the American instructors to Ukrainian military personnel
The information provided also included plans of the American government to deploy further biolabs in Ukraine, as well as data about the clinical usefulness of Ukrainian population in testing resistance to derived strains of monkey pox
The anesthesiologist told she “motivated by patriotism toward Russia to provide any assistance she could to Russia, even if it meant being fired or going to jail.” She counted on the fact that objective evidence would allow Ukraine conflict to be resolved sooner
#USA #WarInUkraine #Biolabs
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Her spouse had access not just to medical information but insight into how the U.S. military establishes Army hospitals in war conditions and about training the military provided by the American instructors to Ukrainian military personnel
The information provided also included plans of the American government to deploy further biolabs in Ukraine, as well as data about the clinical usefulness of Ukrainian population in testing resistance to derived strains of monkey pox
The anesthesiologist told she “motivated by patriotism toward Russia to provide any assistance she could to Russia, even if it meant being fired or going to jail.” She counted on the fact that objective evidence would allow Ukraine conflict to be resolved sooner
#USA #WarInUkraine #Biolabs
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NBC News
Johns Hopkins doctor, Army doctor spouse conspired to give U.S. soldiers' medical info to Russia, FBI says
Anna Gabrielian and Jamie Lee Henry are charged with offering sensitive information to an undercover FBI agent who was posing as a representative of the Russian Embassy.
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Consumer prices in Germany rose 10.9% over the year through September, much higher than expected, driven by high energy and food prices
It’s the first time since the creation of the euro, in 1999, that the bloc’s largest economy recorded such a large leap in prices. In fact, by some measures, it’s the highest rate of inflation that Germany had seen since 1951, well before the reunification of the former East and West
The main reason for the deterioration in the economic outlook is an attack on Nord Stream pipeline infrastructure. It finally ruined the last hope of Germans for the resumption of significant gas supplies from Russia amid rising risks that the remaining storage volumes wouldn’t be enough to meet demand in the winter
“To make prices drop, we are rolling out a wide defense shield,” says chancellor Scholz. Is there enough energy to perform such a roll out, that’s the question?
#Germany #Sanctions
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It’s the first time since the creation of the euro, in 1999, that the bloc’s largest economy recorded such a large leap in prices. In fact, by some measures, it’s the highest rate of inflation that Germany had seen since 1951, well before the reunification of the former East and West
The main reason for the deterioration in the economic outlook is an attack on Nord Stream pipeline infrastructure. It finally ruined the last hope of Germans for the resumption of significant gas supplies from Russia amid rising risks that the remaining storage volumes wouldn’t be enough to meet demand in the winter
“To make prices drop, we are rolling out a wide defense shield,” says chancellor Scholz. Is there enough energy to perform such a roll out, that’s the question?
#Germany #Sanctions
follow us: @ukraineinhurricane
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On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time. But what does the Yuanization of the Russian economy mean for the dollar?
The idea of Russia departing from the U.S. dollar as a reserve currency was first entertained in the 1990s. But growing popularity of the yuan in Russia reached an intermediary zenith only in August 2022
The Jamestown Foundation cites
- the Russian Federation does not have the necessary skills and infrastructure to work with the Chinese currency,
- Beijing can easily manipulate the price of the yuan,
- despite China’s growing trade power and economic might, the yuan has not yet become a fully independent currency, remaining tight to other leading global currencies
The bottom line is that there’s no purpose for Moscow to fully switch to yuan. Buying assets in Chinese currency is one thing, de-dollarization is a complete different story
#USA #China #Russia
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The idea of Russia departing from the U.S. dollar as a reserve currency was first entertained in the 1990s. But growing popularity of the yuan in Russia reached an intermediary zenith only in August 2022
The Jamestown Foundation cites
- the Russian Federation does not have the necessary skills and infrastructure to work with the Chinese currency,
- Beijing can easily manipulate the price of the yuan,
- despite China’s growing trade power and economic might, the yuan has not yet become a fully independent currency, remaining tight to other leading global currencies
The bottom line is that there’s no purpose for Moscow to fully switch to yuan. Buying assets in Chinese currency is one thing, de-dollarization is a complete different story
#USA #China #Russia
follow us: @ukraineinhurricane
Oil Price
What Does The Yuanization Of The Russian Economy Mean For The Dollar?
Russian President Vladimir Putin’s push to de-dollarize the Russian economy is paving the way for the Chinese yuan to play a larger role in the country
The Bank of England said it would buy U.K. government bonds with long maturities “on whatever scale is necessary” in an effort to restore order to the market after a large set of government tax cuts sent borrowing costs soaring
The Regulator’s move caused an immediate reaction in markets, but investors and economists said it was too soon to gauge how deep or widespread the damage was and whether the central bank’s efforts would be enough to stabilize the situation
The sudden change by the central bank highlights the challenges facing the U.K.’s financial markets after the government’s tax-cut plans unveiled last week spooked investors, sparking a steep selloff in the pound and roiling debt markets
The turbulence is a big early test for the government of new PM Liz Truss – with chancellor, Kwasi Kwarteng at the forefront – which has worked to reassure markets since last week’s announcement
#UK #FindTruth
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The Regulator’s move caused an immediate reaction in markets, but investors and economists said it was too soon to gauge how deep or widespread the damage was and whether the central bank’s efforts would be enough to stabilize the situation
The sudden change by the central bank highlights the challenges facing the U.K.’s financial markets after the government’s tax-cut plans unveiled last week spooked investors, sparking a steep selloff in the pound and roiling debt markets
The turbulence is a big early test for the government of new PM Liz Truss – with chancellor, Kwasi Kwarteng at the forefront – which has worked to reassure markets since last week’s announcement
#UK #FindTruth
follow us: @ukraineinhurricane