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The biggest of big pictures
The biggest of big pictures I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of […]
Is The Long-Anticipated Crash Now Upon Us?
Shutterstock Is The Long-Anticipated Crash Now Upon Us? Is this the market’s breaking point? I admit: I’m a permabear. This is no surprise to those who know and have followed me over the years. But I’m publicly proclaiming my ‘bearishness’ because doing so might open up a needed and long overdue dialog. Here’s my fundamental […]
Weekly Commentary: “Whatever They Want” Coming Home to Roost
Weekly Commentary: “Whatever They Want” Coming Home to Roost Let’s begin with global. China’s yuan (CNY) traded to 6.9644 to the dollar in early-Friday trading, almost matching the low (vs. dollar) from December 2016 (6.9649). CNY is basically trading at lows going back to 2008 – and has neared the key psychological 7.0 level. CNY […]
Seeing the Big Picture: Russia-China Economic Cooperation, the SCO and Global Climate Change
Seeing the Big Picture: Russia-China Economic Cooperation, the SCO and Global Climate Change This year’s Eastern Economic Forum in Vladivostok was as usual the subject of dismissive coverage – if any in the mainstream US and UK media. Viewed through the feverish and unregulated speculative bubbles that have defined what passes for 21st century global finance […]
The Trade War Is Getting Worse For U.S. Businesses
The Trade War Is Getting Worse For U.S. Businesses President Donald Trump’s trade war is making things even worse than before for businesses in the United States. The trade war has been dragging on for four long months now, and the pain is being felt financially. Companies’ earlier worries are starting to translate into actual financial pain as new orders […]
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00 According to the latest data from China’s SAFE, net FX outflows from China picked up to US$21BN in September (vs. US$11BN in August) and the highest since mid-2017 with Goldman noting that “outflow might have increased moderately further in October, but […]
Top Communist Party Official Threatens Military Intervention Over Pence’s Support For Taiwan
Top Communist Party Official Threatens Military Intervention Over Pence’s Support For Taiwan With the on-again-off-again trade war detente back in “off again” mode as China is once again refusing to bow to the US’s demands for concessions, and with military tensions simmering in the background as the US seriously considers withdrawing from the INF, the […]
“We Will Be At War With China In 15 Years” Predicts Former Commander Of U.S. Army In Europe
“We Will Be At War With China In 15 Years” Predicts Former Commander Of U.S. Army In Europe Days after U.S. warships made a provocative passage through the Taiwan Strait on Monday, further making already strained tensions between the Washington and Beijing — currently in the midst of a trade war — even hotter, the former top commander of the US […]
The Triumph of Evil
The Triumph of Evil The murder of Jamal Khashoggi inside the Saudi Arabian embassy in Turkey is unprecedented in its audacity. The response from Washington and the Canadian government is to sell more weapons to Saudi Arabia, weapons that are being used by the Saudis in their destruction of the Yemeni population. The Russian response, […]
China’s Oil Addiction Is Its Main Weakness As A Superpower
China’s Oil Addiction Is Its Main Weakness As A Superpower For decades, the U.S. was so reliant on foreign crude oil imports that it dictated much of the country’s foreign policy spanning numerous presidential administrations. As far back as the 1970s, especially after the 1973-74 Arab oil embargo that threatened economic survival, foreign policy decisions […]
“Prospect Of U.S.-China War Rising” After US Warships Sail Through Taiwan Strait
“Prospect Of U.S.-China War Rising” After US Warships Sail Through Taiwan Strait Just after U.S. warships again made a provocative passage through the Taiwan Strait on Monday, further making already strained tensions between the Washington and Beijing — currently in the midst of a trade war — even hotter, Steve LeVine at Axios poses the question long on the […]
US Withdrawal from INF Treaty: Implications for Asia Pacific
US Withdrawal from INF Treaty: Implications for Asia Pacific One of the motives behind the US withdrawal from the INF Treaty is its desire to acquire first-strike capability against Russia from Europe, while keeping intact its strategic nuclear arsenal. Another motivation is the need to keep China, America’s fiercest geopolitical challenger, in its crosshairs by forcing it […]
The Taiwan Strait Getting Hot, Hot, Hot…
The Taiwan Strait Getting Hot, Hot, Hot… We posted the following in July after President Trump threw Montenegro under the bus. Taiwan may be about to get hot, hot, hot in the next year after last night’s Commander in Chief’s ambiguous message on defense treaties. – GMM One of GMM‘s most excellent followers, who we very much […]
Trump Threatens US Will Increase Nukes Until Russia, China “Come To Their Senses”
Trump Threatens US Will Increase Nukes Until Russia, China “Come To Their Senses” After hours of closed door talks in Moscow between US National Security Advisor John Bolton and his Russian counterpart Secretary of the Russian Security Council, Nikolay Patrushev, Bolton told reporters that the United States has yet to take a decision on whether it plans […]
Facebook’s New Troll-Crushing “War Room” Confirms Surveillance By Corporation Is The New America
Facebook’s New Troll-Crushing “War Room” Confirms Surveillance By Corporation Is The New America Facebook on Wednesday briefed journalists on its latest attempt to stop fake news during the election season, offering an exclusive tour of a windowless conference room at its California headquarters, packed with millennials monitoring Facebook user behavior trends around the clock, said The Verge. […]



