Terrorism, Ukraine, Taiwan and the Outsourcing Wars. What all the wars of this century have in common.

In the 90s, Russia was a spent force. The consensus was that free enterprise had defeated Communism. And it had. Russia isn’t fighting for Communism, but for market dominance.

A generation later we’re watching what may be the largest outsourcing war of a new century.

Russia, like China, rebooted its economy by exploiting the growing desire of western liberalism to accommodate environmentalists and socialists by offshoring their ‘dirty’ industries.

Bidenflation: Gas at 7-Year High. The U.S. price of regular-grade gasoline is continuing to rise, with the national average hitting a seven-year high.

As of Oct. 27, the national average rose to $3.394 per gallon from $3.389 the previous day, and up from the month-ago average of $3.189, according to AAA.

“With the U.S. economy slowly recovering from the depths of the pandemic, demand for gas is robust, but the supply is tight,” AAA spokesman Andrew Gross said in a statement. “We haven’t seen prices this high since September of 2014.” 

Biden Planning First Tax Hike in 30 Years. President Joe Biden is reportedly preparing to follow up with his controversial COVID-19 stimulus bill with his plan for the “first major federal tax hike” in nearly three decades.

“Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source,” Bloomberg News reported. “While it’s been increasingly clear that tax hikes will be a component — Treasury Secretary Janet Yellen has said at least part of the next bill will have to be paid for, and pointed to higher rates — key advisers are now making preparations for a package of measures that could include an increase in both the corporate tax rate and the individual rate for high earners.”

US spending and income skyrockets.

U.S. consumer spending and personal income both increased more than expected in September, with higher wages, growth in owner-operated business profits, and remaining pandemic aid contributing to the income boost.

The Commerce Department said in a release Friday that personal consumption expenditures (PCE), a reflection of household spending on goods and services, rose by $201.4 billion in September, or 1.4 percent month-over-month. Economists polled by Reuters predicted consumer spending would rise 1 percent in September.