Thought for the day

"I just wonder what it would be like to be reincarnated in an animal whose species had been so reduced in numbers than it was in danger of extinction. What would be its feelings toward the human species whose population explosion had denied it somewhere to exist.... I must confess that I am tempted to ask for reincarnation as a particularly deadly virus." -- Prince Philip, in his Forward to "If I Were an Animal" - United Kingdom, Robin Clark Ltd., 1986.

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Gas prices hit a record high in Los Angeles County of $6.466 per gallon on Monday morning, soaring past the previous record set during the nationwide price surge this past spring.

Local ABC affiliate KABC-7 reported:

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose seven-tenths of a cent to a record $6.466 Monday, topping the previous high of $6.462 set June 14.

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Anadolu Agency via Getty Images

 former Pentagon advisor says the most likely culprits behind the Nord Stream pipeline blasts are the United States and Britain, and that the attack was carried out to prevent Germany from bailing on the war in Ukraine.

Retired US Army colonel Douglas Macgregor made the comments during an appearance on the Judging Freedom podcast.

The People's Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.

The scale of this latest effort to prop up the yuan will be big and could provide a floor to the Chinese currency, according to the report.

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Legendary financial and geopolitical cycle analyst Martin Armstrong says nothing is going to get better by the end of 2022, and he is still forecasting “chaos” coming in 2023.

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The Biden administration has pledged to provide $1.5Bln a month to Kiev to keep the Ukrainian economy afloat and is pushing the EU to commit to a similar package, Bloomberg has reported. Meanwhile, the EU is facing a severe economic slowdown, the Organisation for Economic Co-operation and Development (OECD) has warned.

As reported by investigative journalist Jordan Schachtel on his Substack, the Fed “has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system.”