As Russia helps India get around the $60 price cap on Russian oil by collaborating on a new fleet of oil tankers, rumors are swirling that the Kremlin is about to announce its official response to Western price controls.
Meanwhile, the Bank of England needs a £188B bailout, and Jay Powell isn’t even thinking about “thinking about” the Fed increasing the “inflation” target above 2%. We’ve heard that one before.
Somewhere deep in the core of the swirl of all this insanity, silver scintillates as the monetary world remains stuck on a half-century-long bad trip.
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