Most BRICS currencies are weak and getting weaker, and creating a new joint "BRICS currency" won't solve the problem. Joining together a bunch of weak currencies does not somehow create a strong currency.
When covid restrictions were at their tightest, many people died alone in ICUs, as friends and family were kept away in the name of "public health." A more accurate assessment of the policy is to call it barbaric.
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.
But what are we to make of the legacy of Peter the Great, Catherine the Great, and the Russian Empire in general? Certainly, we should not take our cues from the likes of either Volodymyr Zelensky or Vladimir Putin.
Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid.
As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.
