As President Biden hangs out with the climate change crusaders at G-7 in Europe, we're looking at new threats in the Western Hemisphere; Iranian warships are reportedly heading toward Venezuela. 

Meanwhile, judging by the newest read on inflation, we've got more in common with Venezuela than we thought! Inflation is now at its highest level in nearly 13 years -- up 5% annualized in the latest month. And, it's about to get much, much worse...

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