Dr. Rasmus views consequences of Fed rate hikes continuing on US financial markets, global currencies crisis, and capitalist financial instability. How Fed rate hikes accelerate the dollar and in turn export US inflation to emerging and other advanced offshore economies. Why Fed’s plan is to keep raising rates and there is no ‘pivot’ that US stock markets want to see. Unlike in 2013, the Fed rate hikes will continue despite the negative effects on offshore capitalist economies. Rasmus then discusses the implications of the Saudi-OPEC crude oil production cuts, why the EU’s ‘price cap’ on oil will fail, and what’s possibly behind the recent sabotage of the two Nordstream pipelines. Financial fragility in the case of Euro bank, Credit Suisse, is discussed as is the weak spots in the global real and financial economy. Show concludes with some comments on latest military developments in Ukraine war plus the growing US/Ukraine media campaign (Biden, Zelensky, etc.) messaging the US should use its first strike nuclear doctrine on Russia before it does.