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Jimmy and former weapons inspector and geopolitical analyst Scott Ritter break down the stunning geopolitical shift underway that finds a desperate Donald Trump, facing strategic defeat in Iran, lifting all sanctions on Russian oil and begging Russian president Vladimir Putin for help—with Kremlin economic envoy Kirill Dmitriev now meeting U.S. negotiator Steve Witkoff in Miami to broker the bargain.
Ritter tells Jimmy that Russia holds all the cards: with the Strait of Hormuz closed, global energy markets are collapsing, and only Russia can supply oil to Asia and Europe, solving its economic problems overnight while the U.S. runs out of missiles and faces economic catastrophe.
The potential deal would see America withdraw from the Middle East, lift sanctions on Iran, and constrain Israel—allowing Trump to claim “peacemaker” cover for a humiliating retreat. Ritter concludes this is 100% happening because the U.S. has no other option, and the only question is whether Israel can be stopped from destroying regional energy infrastructure entirely.
Interesting. Funny how that gold chart looks so much better than the silver chart. Gold still maintaining its uptrend that started back in late August and bouncing along the 20 ema. Silver, OTOH, much tougher to figure. I guess there’s a little bit of an up trend that started in mid – Feb. after the death drop earlier in the month, but nothing to hang your hat on. We definitely need to move up from here for that to stay intact.
edit: Nice to see we’ve recovered from the overnight losses. Hopefully we can hold some small gains. Silver definitely seems to want to hold the $80 area, We could use a break from the strong dollar and rates. What is Trump going to do now about rates? Fed meets next week and I don’t see how they lower rates with the way oil has blown up, although I wonder if they’re concerned with the private credit market.
OTOH, they might just pat him on the head and say “good boy you did what we asked and got us back into a war.”
Looks like the spread cud rally back into the Hi 70’s or low 80’s
we can see 5 waves up, from the low then 3 waves down, that made a perfect 50 % retracement of the larger A wave up anr d now we have set off in a Larger C up.
That wasn’t so bad. I would of like to know the cords to soul sacrifice by Santana but the drums are also a big part of it almost cuban soulful like. I would of actually liked to learn the banjo too music by Earl Scruggs. In southern California I jammed with other players or bands got offers even record offers by a manager at Disney who produced records making people famous but I wasn’t interested in going on the road or being famous. I just liked music and liked to play it or sing it not because I had to.
Really, I noticed a lot of people liked that song although I changed boy to girl sometimes when I played it lol People gathered round. Even in the last 10 years I got a message from someone through my daughter if I could teach him how to play that song. Another one was Classical Gas and a Donovan song they wanted to learn. Now my daughter hijacked my 12 string so I don’t play as anymore. But maybe I’ll take it back for awhile.
Right dollar goes down SM goes up so it goes down a little and back up maybe in channels down the average people don’t see it. They might see rising consumer prices but don’t connect the dots. They also don’t realize they’re is a war against the dollar thanks to Biden and knocking Russia off the exchange weaponizing the dollar losing reserve trust with other countries now diversifying or countries selling treasuries.
What has the purchasing power combined with corporates greed done in the last 10 yrs. Things like housing, autos, insurance, so forth have reached a peak even surpassed affordability. Hunter has a point that was has worked the last 40 years but set it forget it appreciation in the SM may start to reverse.
It looks to me the Dollar will hit prior resistance at 100. Its 99.44 now. Notice how when the USD dropped all the other garbage goes up? I assume because all the futures are priced in dollars.
And why don’t they post the Chines Yuan? Because that blood sucker currency is pegged to the dollar, but they let it float very slightly against the USD at about 7 yuan to to $1. To make it LOOK like its free floating. It NOT.
It SHOULD be 2 Yuan to the USD not 7. But naturally before all the American companies that were encouraged to move over there, they needed a long “lease” on the exchange rate.
Also he warns of a SM parabolic top then when you hear too da moon watch out. He thinks it could happen on or before the 4th quarter this year but clear no one can say for sure but if you can see the signs get out of the market because he thinks it will be steep and global He has said before the PMs will recover and go parabolic but not everything else like the last 40 yrs. Dollar trying to move up now IMO is trying to counter dollar devaluation. Think about that when they raise the debt ceiling. Yeah okay.
Maybe, he calls it a deflationary bust. That’s what could happen in a crash just like moving into short term treasuries some already done. I can’t predict what governments reaction would be but it likely at that point wouldn’t be raising interest rates at the bottom of a crash when their first interest is saving the banks.
Must be getting closer to the bust he’s seeing to watch out. To get your house in order, were nearing the end of the super cycle and after the bust better chance navigating the coming inflation.
Maybe all these wars being instigated, now oil being weaponized in one form or another Dave Hunters melt up followed by a global bust then a change in direction from equities except for some with oil silver gold and who knows with food as now farmers getting their fertilizer may be difficult we will certainly see higher prices in the future although I hope it doesn’t get as bad as his speculations, Oil 500 and unless due for reevaluation silver 500 Gold 20000.
Oh by the way I’m not buying any phyzz right now but got a message a few days ago that Provident is selling silver rounds at spot.
There is some conflict going on with bullion dealers not liking the metals being priced at futures prices they have to pass on to their buyers. I agree that is wrong.
The dollar now screaming higher, rates bubbling up, SM slammed. Gold, silver and the miners must join the fray. It has never been any different though, has it?
What is Mr. Trump going to do now? They’re sinking oil tankers in the strait, oil right back toward $100. His economy will be in tatters within a couple of months, and his neocon and foreign masters will not let him out of it.
All of this was foretold. Expect it to get a lot worse.
Ipso – that video is he-lar-ious!
Posted by goldielocks
@ 11:10 on March 12, 2026
One of the first songs in rock I taught myself on the guitar as a girl.
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