New Zealand's annual inflation increased to 7.3% in Q2, a 32-year high.

Biden's trip to Saudi was clearly a resounding success. He left and promptly accused Riyadh of lying.

Many people get in touch saying I have contacted X, Y and Z about doing an interview with you and get no reply.

It's fine, we will help to create multipolar type alliance of those with genuine credibility and integrity and those aforementioned people will not be invited.

Philippines is now considering connecting to the Russian financial messaging system, SPFS and a final decision will be made after the presidential inauguration.

Unsurprisingly European nations providing arms to Ukraine are running out of weapons stockpiles. By extension so will Ukraine.

Nigerian financial institutions are now in discussions with their Russian counterparts about settlements in national currencies.

Gazprom has declared force majeure on gas supplies to at least one major customer in Europe.

So Germany engine of the Eurozone is facing potential meltdown due to force majeure and yet Euro is up against dollar.

DXY is subject to massive currency manipulation in favour of the dollar. Recently when oil spikes in dollar terms the DXY has to fall, as seen again today.

In yet another brain dead sanctions policy causing significant blowback, Airbus and Boeing risk shortages of raw materials and components, fearing e.g. a lack of aluminum and titanium, which are used in the production of chassis and pylons to connect engines to wings.

Increasingly becoming clear that on a certain level US is realising that days of global hegemony are over and it is now trying to form an alliance of nations who it believes can be self-sufficient and is an act of desperation to try and retain hegemony to a diminished extent.

UK CPI rose to a new 40-year high of 9.4% in June due to sharp rises in food and petrol prices. UK has the highest rate amongst the G7 group.

June rate was up from 9.1% in May and higher than the estimated 9.3%.

Looking likely that Russia and Ukraine are finally going to reach an agreement to remove the blockade of grain shipments.

There are claims China is dumping USTs because it needs dollars. Beijing runs a huge annual trade surplus and has forex reserves over $10tn equivalent. It is dumping them because US is completely untrustworthy, just ask Russia.

Lavrov admitting what we have known for months.

The geographical objectives of the special operation have changed, now it is not only the DPR and LPR, but also a number of other territories.

Confirmation however is very telling.

Lavrov:

Should the west supply Kiev with long-range weapons, the geographical objectives of the special operation in Ukraine will move even further.

Meaning further west and north.

As we stated in recent podcast, Russia offered to re-route NS1 gas through NS2 but Germany refused to do so because the pipeline was not legally certified for operation.

That's a flip of a light switch moment. Berlin continues to defy the boundaries of sanity.

Lieutenant General of the Bundeswehr Alfons Mais:

Ukraine is not capable of resisting Russia even with the support of the West. Russia has resources that are practically inexhaustible.

Those capable of dealing with reality know this has always been the case.

All trade between Kyrgyzstan and Russia is now settled in rubles.

China is threatening a military response if Pelosi visits Taiwan. Beijing said it would consider this a violation of one China policy.

It's precisely why Pelosi is going. Blatant and intentional provocation.

It doesn't want Taiwan to fire the first shot. China should know this.

Gas has begun to flow to Germany again via NS1 after the completion of maintainance work. Unclear what the flow rate is and its long term stability.