U In Hurricane [EN] – Telegram
U In Hurricane [EN]
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The Hurricane spins around hotspots of tension and conflict.
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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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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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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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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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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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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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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 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 value of the UK’s pound slumped to an all-time low against the U.S. dollar on Monday, after markets reacted with horror to unexpectedly aggressive British tax cuts that critics fear will fuel raging inflation

The weak pound has an immediate impact on imports of commodities paid for in USD, including oil and gas, which have already risen to record highs recently because of scarcity caused by the Russia-Ukraine conflict, which is fueling a cost-of-living crisis in the UK

"It is incredibly concerning," said Rachel Reeves, the opposition Labour Party's shadow chancellor, on Radio 4's Today program She argued the tax cuts were exactly what the nation did not need

#UK #FindTruth

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UK PM Liz Truss is under mounting pressure to change course on her tax and borrowing plans after a new opinion poll gave the Labour opposition party a lead of 33 points, the biggest gap with the Conservative party since the 1990s

The mini-budget announced by the chancellor, Kwasi Kwarteng, has induced a panic in financial markets and has appalled many Tory MPs. The abolition of the 45p income tax rate is seen as a gift to the trade unions, whose leaders will cite it every time they are told by bosses they are asking for too much of a pay rise for their members

It is only 23 days since Ms. Truss took office yet some Conservative MPs are asking if she can last until Christmas. The PM will have to evolve her leadership style – fast – and start listening to a range of voices, otherwise such discontent will increase. Having not won a general election, and with so little backing among Tory MPs, she doesn’t have a choice

#UK #FindTruth

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The price cap on Russian oil exports that G7 leaders agreed to in early September isn’t likely to work as intended

1. Big buyers of Russian oil will likely ignore or evade the cap and keep providing vital funding for Russia’s war machine with their purchases.

2. The price cap creates a considerable disruption to Russian oil supply that will send global prices skyrocketing, keeping Russian oil income buoyant while punishing the global economy

While Russia would never take its oil exports to zero, it could cut enough to drive up global prices. This strategy could keep Moscow’s oil revenues robust while inflicting pain on the G7 price cap architects, increasing Russia’s oil income by as much as 50% while exacerbating global recessionary pressures

The price cap is an example of Western policymakers trying to have their cake and eat it, too, when dealing with Russia, and its implementation could be Biden’s biggest energy folly yet, pundits from Forbes say

#Sanctions #FindTruth

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Since the creation of the world, Russia has been guilty of all this

– Russia supplied gas to Europe, thus using it as a weapon. Guilty! 👩‍⚖️
– Russia cut its gas supplies, thus weaponizing it. Guilty!
– Nord Stream 1 shut for maintenance, thus assaulting Europeans. Guilty! 👨‍⚖️
– Russia has blown its own pipelines, thus having fully weaponized its energy supplies. Guilty! 🧑‍⚖️

Whatever happens, Russia will always be guilty!🤷‍♂️

#NordStream #FindTruth

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