Belarus is now holding military exercises on the Polish border.

Clown show on steroids. They just discovered this.

Pentagon has stopped accepting new F-35 jets after it discovered a magnet used in the engine was made with unauthorised material from China.

Next question, where do they get authorised material from?

Mortgage rates in US rose to 5.89%, the highest level since 2008.

Moscow Exchange is now taking the necessary steps to launch trading in Indian Rupees.

Clown show once again and utter hypocrisy.

EU and US have largely given Russian metals exemption from sanctions.

EU increased Russian aluminium imports by 13% in March to June and US imports of Russian nickel rose 70% in March to June.

So the threat of another war in Europe is a possibility. Only it is Greece and Turkey. Would that invoke Article 5?

Who does NATO seek to defend given they are both NATO nations?

Global South is now realising that ditching dollar for international trade and utilising local currencies to trade with each other is immensely beneficial because they avoid being affected by the weakening of their currency against the dollar. India is a good example of this.

China CPI 2.5% y/y in Aug versus expected 2.8% and prev 2.7%

China's PPI 2.3% y/y in Aug versus expected 3.2% and prev 4.2%

Predictably there will be claims this is a lie, only those saying so still don't grasp that China is in receipt of very cheap energy relative to West

So Saudi is reducing oil prices for Asia and Europe but hiking them for the US.

Nothing personal of course.

Western nations already seeing people fall into the negative equity trap due to rising interest rates leading to falling house prices.

Housing markets are gigantic bubbles because it was decided idiotically to be a barometer of economic strength.

Berlin will implement relief package to protect German companies/SMEs from energy crisis, meaning bailing everything/everyone out yet again

Only going to be "short-term option" apparently as govt changes electricity markets so that "favourable" costs are passed on to consumers

Privately a number of EU nations are critical of the European Commission's policies wrt energy.

The fragile unity of the Eurozone continues to be exposed.

So in the first week of the apparent accelerated QT, the Fed balance sheet fell 3.7bn instead of 95bn

It doesn't make a scrap of difference if the DXY is 80 or 120 in terms of the extent of global de-dollarisation that is going on.

What really matters is the US treasury markets which are currently in complete turmoil. That poses a major risk to financial markets.

Memorandum on the accession of Iran to the SCO will be signed at the SCO summit on 15th and 16th September at Samarkand.

North Korea's assembly has passed legislation which means it now has the status of a nuclear weapons state which is both irreversible and not subject to negotiation.

West as ever has been asleep at the wheel.

Clown show never ends

German Fin Ministry wants all EU countries to support G7 initiative to price cap Russian oil, despite being told they will no longer have access to Russian oil if they do and despite trying to enforce an EU wide oil embargo of Russian oil for months.

So now US is threatening to impose sanctions on any nation, presumably also allies, who in purchasing Russian oil fail to abide by the proposed price cap.

The US continues to push the world towards fully adopting multipolarity and abandoning unipolarity.

Yellen on Friday underscored the need for a broad coalition of partners to help Ukraine recover and rebuild after Russia's invasion, with a focus on near-term, high-impact projects,

Notice how it's never about fixing US's internal problems like Jackson.

https://www.reuters.com/world/europe/us-treasurys-yellen-stresses-need-high-impact-projects-rebuild-ukraine-2022-09-09/?taid=631be1f351baff000172269b&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Imran Khan's plane developed a technical failure soon after taking off but a crash was avoided after an emergency landing.