"All wars are follies, very expensive and very mischievous ones." -Benjamin Franklin

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The New Development Bank (NDB) of the BRICS group of major emerging economies is currently in talks with Saudi Arabia on admitting the kingdom as its tenth member, the Financial Times reported on Sunday.

The move is expected to cement ties between the Shanghai-based lender, established by BRICS (Brazil, Russia, India, China, and South Africa) back in 2014, with the world’s second biggest producer of oil.

Noted Federal Spending Expert Valerie Bertinelli Waxes Idiotic About Debt Ceiling Debate MikeRivero Sun, 05/28/2023 - 08:02

If I were a snobby wordsmith — ahem — I’d refer to Ms. Bertinelli as an ultracrepidarian, but then you’d have to look up the term, and I don’t want to waste your time on something so trivial. OK, fine. An ultracrepidarian is a person who embraces ultracrepidarianism, but let’s move on. [winking emoji]

BREAKING: Debt Ceiling Deal Reached by Biden, McCarthy - Agreement in Principle MikeRivero Sun, 05/28/2023 - 07:58

The news is that they intend to lift the debt ceiling and apply new caps on spending.

McCarthy said there would be “historic reductions in spending…no new taxes, no new government programs.”

He said they still had more work to do to finish the writing of it, but that it was an agreement “worthy of the American people.”

Meta Slashes Another 6,000 Jobs Including Instagrams Head of Music Partnerships malterwitty Sat, 05/27/2023 - 14:07
American elites are starting to concede that the world is rebelling against the US, and Washington has nobody to blame but itself MikeRivero Sat, 05/27/2023 - 12:03

In an interesting recent speech in Tallinn, Estonia, former White House official Fiona Hill showed that at least someone in Washington has enough self awareness to see what's happening in the world. 

The king of currency, the dollar, is on shaky ground. In this past one year, there’s a growing trend of countries sidestepping the US dollar and choosing to use their own local currencies for bilateral trade.

The de-dollarisation process – moving away from trading in the dollar and instead choosing local currency – has received a boost after the Russia-Ukraine war and as Washington’s tensions with Beijing rise even further.

Amid clamouring call of de-dollarization, Russian Foreign Minister Sergey Lavrov highlighted that the process has “begun”, adding that several other initiatives have been worked upon to stop settlement of trade in the US dollar.

“De-dollarization has begun, both in practice and in conceptual speeches,” Lavrov said at the 31st Assembly of the Council of Foreign and Defence Policy.

“De-dollarization has begun, both in practice and in conceptual speeches,” Lavrov said at the 31st Assembly of the Council of Foreign and Defence Policy.

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Colonel Douglas Macgregor shares devastating details about the Ukraine-Russia war, but also outlines the danger facing the United States financial system, government, corporate donor corruption and the military-industrial-congressional complex. The corruption within the US government has reached a dangerous and sickening level.

Earlier this week I was invited to attend a lecture about the conflict in Ukraine by Prof. John Mearsheimer in Washington D.C. The introducer began with the question: what is the difference between American Republic and American Empire, and offered John Quincy Adams' answer: the Republic represents the march of the mind, while the Empire represents the march of the soldier.

Florida’s citrus industry posted its worse harvest since 1937, which should give orange fans some pause at the supermarket.

Damage from the 2022 hurricane season, combined with the impact of citrus greening disease, is ravaging the Sunshine State’s orange crop.

This will likely cause citrus prices to skyrocket nationwide, as Florida farmers recorded its smallest orange harvest in 90 years, according to the state’s latest agriculture report.

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