Recently, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), suggested that the year 2023 could "represent a turning point, with inflation declining and growth bottoming out.” She based the prediction on economic assumptions....
In February 2022, when Russia invaded Ukraine, the U.S. orchestrated a perhaps unprecedented sanctions clampdown on Russia. A month later, U.S. Treasury Secretary Janet Yellen declared with certainty that "the Russian economy will be devastated as a consequence of...
Ukraine’s Rada approved a draft budget for 2023 in a closed session. The spending plan has a $30 billion deficit which Kiev largely expects to be covered by Washington. The White House has sent Ukraine tens of billions in aid since Russia invaded in February.
On COI #305, Kyle Anzalone and Connor Freeman break down the latest news on Iran, the JCPOA, President Joe Biden’s Middle East trip, and the economic crisis facing Europe. Connor discusses Biden’s trip to Israel where he signed a joint declaration with the Israeli...
Speaking at the Eisenhower Executive Office Building, President Joe Biden on Tuesday morning declared inflation to be his top “domestic priority” and insisted that inflation would not be a problem were it not for covid and the war in Ukraine. There was little room,...
Ukraine is seeking tens of billions of dollars in financial aid from the International Monetary Fund’s Covid relief program. Kiev says it is in dire economic straits due to the Russian invasion, while the World Bank estimates the country’s GDP will drop by a staggering 45% in 2022.
The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the inevitable drop in trade have proven to generate a significant negative impact on the different economies involved. We know...
Scott interviews activist Basir Bita about the economic calamity that’s hit Afghanistan since the U.S. withdrawal this past summer. With the U.S. and IMF freezing Afghan government funds as well as widespread market corrections after the fall of the previous regime,...
Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the...
US News Biden says nursing homes that have Medicare and Medicaid residents have to mandate their staff are vaccinated. [Link] The FDA approved a third booster shot of the 2-shot covid vaccinations for most adults. [Link] The federal government will reimburse states...
US News Assange’s lawyers are considering a cross appeal to the UK High Court. [Link] Bolivia has returned the entire US-IMF loan the country received when a coup government was in charge. The $346 million loan racked up $25 million in interest when it was paid off....
The organization formerly known as Law Enforcement Against Prohibition (LEAP), now known as Law Enforcement Action Partnership, along with the National Black Police Association, and Fair and Just Prosecution have signed onto a revolutionary letter to Congress urging...
The United States and much of the world may have initiated a business shutdown—resulting in tens of millions of unemployed domestically, along with all of unemployment's other negative side effects—for no statistically measurable benefit in tamping down COVID-19. (See...
On FPF #497, I discuss the developing story of a Ukrainian judge ruling Joe Biden is to be named in a criminal probe from his time as Vice President. The criminal probe is looking into the firing of former-Ukrainian Prosecutor General Victor Shokin. Biden has...
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