As I told Ian Cox on Chat With Traders, the US Federal Reserve is a 'finger in the wind operation. You don't know what they are going to do. They can pivot tomorrow one way and then the next day, they will pivot another way.'

chatwithtraders.com/ep-280-steve-h…

My latest with Kevin Stocklin:

“Pres. Biden has radically changed America’s economic template from one in which the core pillar of the economy rested on free enterprise private sector to one that rests on the state.”

BIDENOMICS = STATE CAPITALISM.
theepochtimes.com/us/biden-admin…

RIO GRANDE DO SUL IS SUBMERGED.

Heavy rainfall continues to punish Rio Grande do Sul, Brazil, including submerging the Arena do Gremio.

More confirmation of Hanke’s School Boy’s Theory of History: It’s just one damn thing after another.

#KeepEyesOnSudan 🇸🇩:

DEATH, WAR, & DESTRUCTION.

Welcome to Sudan.

If that wasn't bad enough, on this week's #HankeInflationDashboard , SDN registers the 2ND HIGHEST INFLATION RATE IN THE WORLD at 190%/yr.

#EgyptWatch 🇪🇬: In RSF’s newly released 2024 Press Freedom Index, Egypt’s ranking has dropped to a DISMAL 170th of 180 countries.

For Pres. Sisi, NO PRESS = NO PROBLEM.

#EthiopiaWatch 🇪🇹: Ethiopian PM Abiy Ahmed

= ECONOMIC INCOMPETENCE

= AN INFLATION TAX.

On this week's #HankeInflationDashboard , Ethiopia registers the WORLD'S 9th HIGHEST INFLATION RATE at 63%/yr by my measure.

'As government expands, liberty contracts.' – Ronald Reagan

#EgyptWatch 🇪🇬: In RSF's 2024 Press Freedom Index, Egypt ranks a HORRIBLE 170th of 180 countries.

For Pres. Sisi, NO PRESS = NO PROBLEM.

#TurkeyWatch 🇹🇷: TUR's money supply (M3) continues to SURGE at ~61%/yr.

That's why TUR registers the WORLD'S 7th HIGHEST RATE OF INFLATION at 71%/yr by my measure on this week's #HankeInflationDashboard .

CBRT Gov. Fatih Karahan has failed to get M3 & inflation under control.

#EgyptWatch 🇪🇬:

On this week's #HankeInflationDashboard , Egypt registers the WORLD'S 10th HIGHEST INFLATION RATE at 60%/yr.

Pres. Sisi = INFLATION TAX.

#PAKWatch 🇵🇰: In RSF’s newly released 2024 Press Freedom Index, Pakistan’s ranking has dropped to a DISMAL 152nd of 180 countries.

For Pak’s military, NO PRESS = NO PROBLEM.

The Biden admin. will put tariffs “up to 100%” on Chinese EVs, solar panels, & other green tech products.

The GREEN TRANSITION has already cost Americans an arm & a leg. Now, tariffs on the world’s leader in producing inexpensive green energy tech will cost them their OTHER leg.

Data from Robin Brooks continue to support the scholarly literature on sanctions.

The scholarly literature makes it abundantly clear:  

SANCTIONS
= A HISTORY OF WORKAROUNDS & FAILURE.

As I told Kevin Stocklin of the The Epoch Times, 'Bidenomics is a form of STATE CAPITALISM.'

The American Action Forum declared its April 22 'Week in Regulation' report as 'the biggest week on record' for federal mandates & red tape.

BIDENOMICS = A COSTLY RED TAPE MACHINE theepochtimes.com/us/biden-admin…

This morning, A RAGING FIRE ENGULFED a Warsaw shopping center. It destroyed nearly all the center’s 1,400 shops.

Just more confirmation of Hanke's School Boy's Theory of History: It's just one damn thing after another.

#ARGWatch 🇦🇷:

ARG registers the WORLD'S 3RD HIGHEST INFLATION RATE on the #HankeInflationDashboard .

Pres. Javier Milei,

Inflation will continue to SOAR until you OFFICIALLY DOLLARIZE.

As Herby, Jonung and yours truly concluded in our book 'Did Lockdowns Work?', thanks to COVID, 2020 was the year the world went MAD.

As I told Peter Schiff, inflation is ALWAYS A MONETARY PHENOMENON. Inflation is NOT caused by changes in relative commodity prices like the price of oil.

First, the money supply (M2) exploded ~27%/yr in 2/21. Then, US CPI peaked at 9.1%/yr in 6/22.

youtube.com/watch?v=WpkhCM…