OF THE
TIMES
"We have many like-minded people all over the world, including in Europe and the United States, and we feel and see their support. A liberating, anti-colonial movement against unipolar hegemony is already developing in various countries and societies. Its subjectivity will only grow. It is this force that will determine the future geopolitical reality."Yet the speech's closure was all about transcendence - in a spiritual tone. The last full paragraph starts with "Behind these words stands a glorious spiritual choice".

The English pound crashed; the government bond market took a dive; interest and mortgage rates rose; some mortgage markets shut down; the Bank of England staged a highly unusual fiscal intervention to prevent the collapse of major pension funds; and the IMF criticized Truss in a manner usually reserved for the leaders of debt-ridden banana republics.The global importance of these events and the ongoing economic and political disruption that they will inevitably cause should not be underestimated. Political commentator Alastair Campbell, formerly Tony Blair's chief of staff, accurately described last week as "the week that everything changed."
"There is a point where... the Ukrainians will need to be cautious about their rate of expenditure and where they prioritize those munitions, because there isn't an infinite supply."The problem reportedly stems from the structure of military production in Western nations, particularly the United States, which was tailored for peacetime and cannot sustain a protracted draw on stockpiles during a major armed conflict, such as the one in Ukraine.
Comment: Bottom line: American households will pay the penalty for European LNG gas needs.