The following are links to articles and videos on the topics from our Saturday talk. As always, I encourage our listeners to read and watch for themselves.
Geopolitical turmoil. Yes, this is why we talk geopolitics.
What would war do to Gold over night?
China has unveiled a new intermediate-range ballistic missile that it claims can strike the US territory of Guam or its warships at sea. The show of strength comes as both countries square off over Taiwan.
I’m not predicting it, but wars have started over less. Currency wars, trade wars, finally shooting wars. We’re currently two-thirds of the way there. As Mick Jagger sang, a U.S.-China shooting war is “just a shot away.”
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich?
If it is not in your hands it is not yours!
The bank’s decision to seize – a polite word for steal – more than a billion dollars’ worth of Venezuelan gold was reported to have been ordered by the governor after a call from US National Security Advisor John Bolton and Secretary of State Mike Pompeo – not even the president himself.
Britain, France and Germany on Thursday launched a trade mechanism to bypass US sanctions on Iran, drawing praise from Tehran — and a warning from Washington.
Gold has been one of the most stable and trending assets over past 5-6 months. The shiny metal closed above the huge 1300 level two days ago, and is currently pushing highest levels since May last year. The trend channel since November lows is intact. Next big stop is at the 1350 level. It seems the story of gold giving and giving continues.
Where do you two think this is going????
WASHINGTON — The Justice Department unveiled sweeping charges on Monday against the Chinese telecom firm Huawei and its chief financial officer, Meng Wanzhou, outlining a decade-long attempt by the company to steal trade secrets, obstruct a criminal investigation and evade economic sanctions on Iran.
The pair of indictments, which were partly unsealed on Monday, come amid a broad and aggressive campaign by the United States to try to thwart China’s biggest telecom equipment maker. Officials have long suspected Huawei of working to advance Beijing’s global ambitions and undermine America’s interests and have begun taking steps to curb its international presence.
Trumps picks. Who are they? Bolton-Pompeo-Abrams….
First they came for and killed and destroyed Yugoslavia, Afghanistan, Iraq, Libya, Syria, Yemen, and now Venezuela!
Do you think the same powers/They who have crushed all the Humans in the above country’s would have any qualms about doing the same to any one in this country who gets in there way?
Take Roger Stone, one of President Trump’s longtime supporters, for example.
This is a guy accused of witness tampering, obstruction of justice and lying to Congress. As far as we know, this guy is not the kingpin of a violent mob or drug-laundering scheme. He’s been charged with a political crime. So what does the FBI do? They send 29 heavily armed agents in 17 vehicles to carry out a SWAT-style raid on Stone’s Florida home just before dawn on Jan. 25, 2019.
Donald Trump is no different than his predecessors! During the campaign, he said whatever he had to in order to get elected. He promised to close down the neocon foreign wars and also fight the “deep state” by draining the swamp.
Recall the role Mr. Abrams played during the Reagan years. He helped fund the Contras in Nicaragua and is linked to the 1982 El Mozote massacre of hundreds of civilians in El Salvador. It was later estimated by a UN truth commission that 85 percent of the abuses during the civil war in El Salvador were committed by military death squads assisted by the Reagan administration.
Not at all. Turns out, the appointee is one of the president’s worst enemies, a man forcefully opposed to almost all of Trump’s policies and campaign promises, a man who repeatedly has said Trump is morally unfit for his office. He is Elliott Abrams, the 71-year-old éminence grise of the NeverTrump movement.
President Trump is he any different than those who came before him!
It has emerged US Vice President Mike Pence phoned Venezuelan opposition leader Juan Guaido last week urging him to make the unprecedented move to declare himself the “acting president”, and denounce the incumbent leader Nicolas Maduro as a “usurper.
It will make a big difference to the United States economically if we could have American oil companies invest in and produce the oil capabilities in Venezuela.
After decrying US sanctions against Venezuela’s state-run oil company PDVSA as “illegal” and enforcing “unfair competition”, a Kremlin spokesman has reiterated that Russia is prepared to use “all mechanisms available to us” to defend its economic interests in Venezuela – interests that are closely tied to the Maduro regime.
The U.S. is no longer in the top 10, or even the top 20, of least corrupt nations. Transparency International’s Corruption Perceptions Index for 2018 was released today and the United States has fallen four points deeper into corruption than last year. The U.S. now ranks below Luxembourg, Estonia and France, coming in at number 22 on the chart.
Years of growth, trillions in government bonds, and substantial capital sought from outside investors may see a U-Turn in the coming days as Japan’s prized economic policies were found to be reliant on fraudulent data. As per estimates, over 40 percent of Japan’s 56 economic policies contain errors, casting a shadow on all of the country’s analysis and reports generated over the years.
The 21 Trillion dollar question! do you think Japan is the only country that lies like an old rug a dog slept on?
(Bloomberg) — The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.
Read more at: https://www.bloombergquint.com/politics/another-year-another-1-trillion-in-new-debt-for-u-s-to-raise#gs.rySNEYNq
Copyright © BloombergQuint
So when the curtain comes down and the investing public is forced to admit that it is all paper never to be paid back and fear sets in. Gold goes to the moon..never to be seen again.