We are starting a new venture in November. This will be a very different format and yet complimentary to what we are currently doing. Details to follow in the coming weeks.

Just to clarify, the Sirius Report podcast series will continue. This is something we are doing in addition to this with unique content on the other channel.

White House:

Now is not the time for the process of Ukraine's admission to NATO, it should be taken up at a different time.

As we have said for years, US doesn't want to go to war with Russia directly.

True GDP and true asset prices will reach equilibrium. It will make 2008 look like a drop in the ocean.

Then the financial stupidity will end.

Doesn't matter whether you agree or profusely disagree with Putin's speech. Westerners will understand what Kremlin is thinking about past, present and future. Should pay attention to those words instead of western experts who wrongly claim to know what Russia is really thinking.

Slovakia could halt electricity supplies to other European Union countries if it doesn't get more help to cope with soaring energy costs, its prime minister warned on Friday, saying measures agreed by the bloc so far were not sufficient.

https://www.reuters.com/business/energy/slovakia-could-stop-power-exports-if-doesnt-get-more-eu-help-2022-09-30/

UK Pension funds are merely a warning sign of far greater structural problems.

Western central banks have had a wake-up call to a problem they should have seen years ago.

Hence why meetings are conducted, for example, under expedited procedures.

Brazil, China and India abstained from voting on the UNSC resolution condemning Russian annexation. Unsurprising Russia voted against it.

But the abstentions are very telling.

Apparently it is rocket science that if you have a decade plus of QE/ZIRP and you begin to tighten and raise interest rates that it is going to blow everything up. This is as basic as finance gets. Choose wisely those you believe have a grasp of financial reality on social media.

Gazprom has told Italian energy group Eni it will not be able to supply gas to Italy from today it is due to impossibility of transporting gas through Austria.

In the US's desire to crush the ruble and failing to do so, they have demonstrated to the world how not being part of the western financial system is beneficial and how not trading in dollars is perfectly possible and also beneficial. Without dollar as WRC, US is a naked emperor

10th Sept

Blinken: Russia's war in Ukr presented Europe with opportunity to finally end its dependence on Russ energy.

US was constantly trying to prevent NS2 becoming operational during Merkel yrs.

US prior to war wanted Europe to buy US LNG instead of Russian pipeline gas

Blinken very recently said that the Nord Stream pipeline bombing "offers tremendous strategic opportunity for years to come."

So clearly Russia decided to hand US strategic opportunity by blowing up its own pipelines.

All makes sense now.

History will show that Germany decided it would be ok to be deindustrialised by deciding to abandon the cheap energy on which its entire economic prowess depended on, before it even considered if there was a viable alternative.

It appears to have somehow been overlooked that it is not the percentage of gas in storage facilities that matters but how large these facilities are.

The dollar is the most manipulated currency in the world. The fact nations are trading in local currencies and the world is de-dollarising will never be reflected in the DXY. It is like comparing apples and cement mixers.

Truss has claimed that the interest rates around the world are rising because of Russia.

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Novak:

There are technical possibilities to restore the infrastructure of the Nord Stream pipelines

There will be a run-off in Brazilian presidential elections at the end of October.

Lula received 48.4% of the vote whilst Bolsanaro received 43.2%.

Short-term financing utilises swaps to address the issue of floating interest rates and the inherent risks in doing so.

Understanding derivatives is critical when assessing financial markets especially during periods of interest rate volatility.