#EconWatch :

From 2018-2023, 114,345 small boats ferried illegal immigrants across the English Channel into the UK.

Torrential rain in Sulawesi, Indonesia, has led to severe flooding and turned the streets into rivers.

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

Kenya’s deadly flood season is only expected to get worse with the anticipated landfall of Cyclone Hidaya this weekend.

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

A recent Forbes column stated that 'A fully implemented CBDC gives the government complete control over the money going into AND coming out of every person’s account.'

Correct.

CBDCs = COMPLETE GOV'T CONTROL = A MASSIVE THREAT TO PRIVACY.
forbes.com/sites/digital-…

Ecuadorian Pres. Daniel Noboa has declared a state of emergency in five coastal provinces to combat 'internal armed conflict.' 
 
Thanks to dollarization, Ecuador has NOT been punished by a currency crisis. 
 
DOLLARIZATION  = STABILITY.

'Quality is not an act, it is a habit.' – Aristotle

#EgyptWatch 🇪🇬: Thanks to President Sisi, Egypt is drowning in debt.

Its current debt-to-GDP ratio is ~ 96%.

UNCHECKED ILLEGAL IMMIGRATION = LOTS OF PROBLEMS. 
 
Irish families are taking part in the growing protests against illegal mass immigration.

As torrential rains continue to sweep through Maasai Mara, Kenya, the death toll has risen to 200. 
 
Just more confirmation of Hanke's School Boy’s Theory of History: It's just one damn thing after another.

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

SANCTIONS = A MILLION WORKAROUNDS

= NEVER WORK AS INTENDED.

#TurkeyWatch 🇹🇷:

CBRT Gov. Fatih Karahan = ASLEEP AT THE WHEEL.

Turkey's money supply (M3) SURGES at ~65%/yr. That’s ~5.4x Hanke’s Golden Growth Rate, a rate consistent with hitting the CBRT’s 12%/yr inflation target. Today, I measure Turkey's inflation at 73%/yr.

BIDENOMICS = ECONOMIC PAIN = PLUNGING POLL NUMBERS.
 
An April poll from Echelon Insights found that 57% of voters disapproved of the way Pres. Biden is handling the economy.
 
It's no wonder Pres. Biden's approval rating is IN THE TANK.
abcnews.go.com/538/voters-bid…

“Compromise for your dream but NEVER compromise on your dream.” — Imran Khan

In the City of Lights, MAY DAY = PROTESTS AGAINST THE WAR IN GAZA.