Notes today:

 

• Canadian dollar rallies as current account surplus hits 14-year high 

• At this point, any presentation of bitcoin as an inflation hedge, crisis protection, transactional currency, or repository of value is purely hallucinatory & deserves locking up the perpetrator to prevent further self-harm.

Nassim Nicholas Taleb @nntaleb (author of Black Swan) BitCoin to 0

Speculators have plowed more than 40 Billion into crypto start ups since 2021

• Vietnam Tourist Arrivals Climb 1,274% YoY in May 

• Europe’s unity ‘crumbling’ on Russia sanctions, Germany warns. 

• India has decided to restrict the sale of sugar on international markets, just days after it banned wheat exports.