Today’s show reviews G7 meeting and its decisions on new sanctions and de facto declaration of future war on Russia. US/NATO military buildup, provocations, and war costs for US. Larry Summers’ admits recession in US nearer than 2023, confirming Dr. Rasmus’s predictions of 2022 recession for past seven months. Review of sectors of weakening US real economy, as stock and bond markets plunge 1st half 2022. Show concludes with analysis of Biden’s failing inflation control initiatives to date and why stagflation USA has arrived.