Orban:

"At first I thought we shot ourselves in the foot, but now it seems that the European economy has shot itself in the lungs and is now suffocating."

Appears Sri Lanka is unsurprisingly looking for a bailout via China.

EU goods trade deficit was highest on record in first five months of 22

Imported €113bn more goods than it exported in five months to May, marking largest trade deficit since records began in 1989

This compares with an €84bn goods trade surplus in corresponding period in 21

Poland winning again

Price inflation yoy to the end of June

Butter 48%
Beef 42%
Milk 30%
Eggs 30%
Cheese 29%
Poultry 26%
Potatoes 20%

So it continues.

Russia is creating its own oil benchmark with trading expected to commence in October and the creation of a reference grade will be completed in 2023.

Westerners still fail to grasp that Russia could end the war in 48 hours and if the west continues to increase Ukrainian firepower that is a likely outcome and the consequences for Ukraine and its people will be devastating.

Lugansk Republic has announced the creation of headquarters for a referendum on joining Russia.

US fails to grasp that if it got the China it wants, Beijing truly would become an adversary and something the US would then wish had never come into existence.

Recall Fed claim that it was tightening?

It's balance sheet increased by $4bn in the last week.

It has been obvious for years that European economies are completely dependent on cheap Russian energy. So deciding to embargo Russian energy is arguably the most brain dead decision made in human history.

Washington is now being told by nations that they are no longer prepared to tolerate being told to choose sides and rightly so. US is incapable of understanding that win-win cooperation is the future. If they continue to pursue their zero-sum game mentality they will be isolated.

Whilst Russia is not officially changing its own status of the Ukraine war there is no doubt that across all conflict zones Russia has been using heavier weapons. Also note Shoigu stating that attacks should intensify in all operational areas.

We are now up to nearly 1500 podcasts and have discussed all the major developments in this regard since episode one and before that in other platforms.

Multipolarity has always been the so-called reset.

Iran has exported 13.7m tons of mining products worth $3.28bn equivalent in the first three months of the current Iranian fiscal year, March 21st to June 21st

Iran has massive gold reserves and a massive resource base, beyond energy.

8 years ago today, MH17 which was a passenger flight from Amsterdam to Kuala Lumpur was shot down whilst flying over Eastern Ukraine. All 283 passengers and 15 crew were killed.

One day those responsible will be held accountable.

Iran is now on the verge of being technically capable of producing a nuclear weapon.

They will shortly enrich uranium up to 60% and can then produce uranium with an enrichment of up to 90%.

Ukraine's central bank claims it has sold US$ 12.4bn of its gold reserves since March.

If we even do a rough calculation that equates to approximately 200 tonnes

Ukraine only had 27.1 tonnes in March.

Zelensky has fired the head of the Security Service of Ukraine Ivan Bakanov and Prosecutor General Iryna Venediktova.

One suspects the reality is that increasing numbers of Zelensky's govt and advisers want an end to the war via a negotiated settlement.

Siemens turbine has been flown from the repair facility in Canada to Germany and is expected to arrive in Russia on July 24th.

There will be countless books written in the next two decades detailing why the west collapsed.

One wonders how many will recognise the west's abject failure to realise China and Russia are not remotely like they were in the 1980s.