Why is inflation in China virtually zero while it remains chronically high in the US and Europe around 5% and more? Dr. Rasmus describes the forces continuing to keep prices high in the ‘west’ and why China’s economy has little of the same. Supply side issues, corporate price gouging, net exports import prices, currency values, and productivity/unit labor costs—all driving inflation in US—are conspicuously absent in China. The second half of the show addresses the emerging Ukrainian military offensive-the third such during the war. Rasmus explains the dynamics of the first two offensives (Russia in spring 2022 and Ukraine’s in late summer 2022), why both succeeded and failed, and the line up of current forces on both sides in the current third Ukrainian offensive. The importance of concentration of forces (first principal of warfare) in all three offensives and why Ukraine’s latest offensive is likely to fail. Scenarios political and military that could follow. Prediction: negotiations will begin before year end 2023 and it’s likely Zelensky will not be at the table.