Open Thread 138, by Anatoly Karlin

Build Back Better? With What Resources? – Chris MacIntosh

Here’s the current budget deficit. The blue is good and the orange is bad. You can see a lot of orange, and after 2008 things have been decidedly “orange.” Since there is no actual cash in the piggy bank the US government has to borrow it. Meanwhile, debt spirals higher. Total US debt now tops […]

Russia Will Collect A $321 Billion Additional Windfall In 2022 Partially Thanks To Sanctions – Mike Shedlock

  Half-assed sanctions by the US and EU help drive up the cost of oil and natural gas. The oil producers, including Russia are the beneficiaries. Big Windfall  Bloomberg reports Putin May Collect $321 Billion Windfall If Oil and Gas Keep Flowing For all the hardships visited on consumers at home and the financial chokehold put on the […]

Germany Says EU Unity ‘Crumbling’ As It Fails To Agree On Even Light Version Of Russian Oil Embargo

Berlin has sounded alarm over waning European unity and the EU’s failure to agree on new anti-Russia sanctions. Earlier this week, European Commission President Ursula von der Leyen offered a most self-defeating “explanation” as to why the EU continues to buy Russian oil, in short, if we dont buy Russian oil someone else will buy […]