From the Abraham Lincoln radio studio at the George Washington Broadcast Center,

the Armstrong and Gettyshow.

The U.K. Ukrainian local authority here has said that they expect this Russian offensive now to begin any day really, potentially even as soon as tomorrow.

That following the images that you're talking about, they say that they are seeing heavy equipment now being pulled towards the front lines.

Yeah, and that's the Russians lining up their stuff for their big offensive in the east. He Putin yesterday for the first time in his own words said the goal of course has always been to take back the Donbass region so he changed the goal from getting rid of the government in Ukraine.

Some people are taking that as good news. Of course, he's a liar so he may just be saying that for now and as soon as he takes the Donbass region back, he's back to attacking Keith. Who knows.

But President Biden just signed whatever paperwork you got assigned to give $750 million worth of more armaments to Ukraine. Europe is promised to half a billion.

So that's going to happen as fast as they can do it. This is half a wish and half a prediction. I saw the list of things that were given to you.

Ukrainians allegedly with that $750 million or whatever it is and it was more of the same stuff. Very good stuff, effective stuff, but mostly more of the same.

But if I knew I was going to be attacked, I knew I was about to go up against an enemy. I would disguise my capabilities. I would disguise what I had at my disposal and I'm really, really hoping like I say this half a wish and half a prediction.

I'm really hoping that when Ivan comes across the road, he's greeted by weapons. They didn't realize the Ukrainians had this point.

That makes sense to me too, but why were why were the original reports out of the Pentagon that were giving them these attack helicopters that would allow them to take out forces and tanks and stuff like that.

And then this morning the news out of the Pentagon, according to Jennifer Griffin is no, we're not giving them the helicopters.

Why would they announce it in the first place if it was some sort of ruse that they just say, you know, we ought to do is tell them we don't have the helicopters. And then they will surprise.

Yeah, I just followed it at the point of the saying, no, we're not. So I didn't see the original reports. It seems crazy to me though.

More on that later, it's going to be ugly. So reason took a look at this story that's not getting enough attention for economists at the Federal Reserve in San Francisco.

See, America's high rate of inflation relative to the rest of the world is a result of surging disposable income during the pandemic. This is a little long, but I think you'll like this. It's exactly what you were expecting.

Inflation has surged across much of the developed world in the past year as lockdowns eased and pent up demand for goods and services collided with ongoing supply chain snafus.

Inflation is running higher in the United States than just about anywhere else right now. Why is that? According to a new paper from for economists at the reserve in San Francisco, it's because the American government was relatively more generous during the pandemic, borrowing and spending trillions of dollars to not only fund COVID-19 relief efforts, but to line the pockets of Americans with direct payments that enlarge the money supply and overheated the economy.

But he warning about this or lots of people warning about this government all over the world spent heavily to combat the pandemic, of course, but few handed out cash directly to citizens as the American government did.

The four Federal Reserve researchers track sharp increases in inflation adjusted disposable personal income in layman's terms excess spending cash reported by American households over the past two years.

The first round of stimulus checks you'll remember was $1,200 per person in March of 2020, another round of $600 checks was distributed starting December of that year, and then the big blow according to reason came in early 2021 when the Biden administration pushed through another round of $1,400 checks as part of the American recovery plan.

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