Loading ...After some tit for tat bombings. Bad for pm’s, but bad for Bitcoin too.
Naturally the dollar is up, rates up a little, oil screaming up $3
We didn’t really think we could put a couple good days together, did we?
Rumor has it that Trump and his banker and tech buddies went to China to make a deal on a gold re-valuation and a discussion of the eventual new monetary system. In that deal, China would invest in and bring manufacturing to the US. This all is to avoid a de-valuation of the dollar, but still an effort to inflate our debt away, as the dollar would be devalued vs. gold. All this is in-line with the rumored introduction of gold-backed bonds in July. just hope they go for broke and re-value to $20K.
The war in Iran is taking its toll as world inventories are reaching critical levels. Apparently, by September we will be experiencing shortages here in the US. Around the world many countries are in critical shortage this month. Europe being one of them.
This war played right into China and Russia’s hands. They are perfectly happy to sit back and watch Iran drain our resources. They could stop Iran at the drop of a hat, why aren’t they? Because it isn’t hurting them. The only thing that will hurt China is if our economy falls off a cliff and we can no longer afford their exports. The decision to strike Iran was idiocy on so many levels. It exposed us militarily and financially.
Did you all know that we are the #1 exporter of gold in the world right now? I had no idea. That is not a sign of strength.