News🇷🇺🔥🇺🇦: Ukraine target and bomb Russian oil refineries hours after President Donald Trump told him directly not to do so as it would increase the price of oil and diesel. United States President Donald Trump on Sunday asked Ukraine to stop hitting Russian diesel refineries, blaming the attacks for creating a diesel shortage that he said was “hurting the world”. Russia and Ukraine remain locked in an intensifying missile war, with Ukrainian attacks on Russian oil and gas facilities squeezing Moscow’s oil output, despite Russia being one of the world’s largest oil producers. Ukrainian President Volodymyr Zelenskyy said in a post to Telegram that Kyiv's long-range strikes "had a very significant impact in the Moscow region last night," reporting a hit on "one of Russia’s key oil industry facilities" which he said contributes "billions of dollars" to Russia's "war machine." "Moscow must end its brutal war and choose peace instead of building layered rings of air defense at the expense of other regions," Zelenskyy wrote. There seems to be a conspired effort involving both conflicts making trillions of the back of taxpayers globally, which ultimately will see millions of innocent people dying and starvation hitting the entire planet through massive shortages in food and energy supplies. The world is about to go on the mother of all diets, well some of the population.

History of Central Banking: Central banking was never designed to stabilize economies. It was designed to stabilize governments that spent more than they taxed. The Bank of England launched in 1694 with a straightforward transaction: a consortium of private bankers lent William III £1.2 million to fund his war against France, and in return received the right to issue banknotes against that debt. The template was set on day one. Public debt and money creation arrived as a package deal. The Federal Reserve repeated the pattern, but with better marketing. Congress passed the Federal Reserve Act in 1913, sold to the public as a bulwark against the banking panics that plagued the 19th century. The Fed produced the most catastrophic banking collapse in American history in 1929-1933, followed by a contraction that destroyed roughly a third of the money supply on its own watch. Milton Friedman documented this meticulously in "A Monetary History of the United States." The institution created to prevent bank runs presided over the worst bank runs in recorded American experience. Every central bank in the 20th century eventually broke its commodity constraint. The U.S. severed the last formal gold link in August 1971, when Nixon closed the gold window and defaulted on America's obligations to foreign governments holding dollars. Since that date, the dollar has lost roughly 87% of its purchasing power. Prices you pay at a grocery store in 2026 reflect that slow-motion confiscation accumulated across five decades. Ludwig von Mises identified inflation as a hidden tax before most economists would admit the mechanism existed. New money flows first to government and its preferred creditors. By the time it reaches wages and savings accounts, prices have already adjusted upward. The purchasing power transfer is real and directional: from your savings to the first spenders. Central banks perform a political function, not the economic function they advertise. The institutional story of central banking is a government granting itself the power to manufacture its own revenue without a vote, and wrapping that power in the language of technocratic stabilization. Every financial crisis since 1913 has produced more Fed authority, larger balance sheets, and looser constraints, which means the incentive structure rewards failure with expansion.