Jim Rickards, “I think it’s always very important to own gold. I’ve recommended that investors have about 10% of their portfolio in the yellow metal.” “If I’m right and some catastrophic event is on the horizon, then that 10% would be your portfolio insurance.”
If the neoconservatives have their way again, US ground troops will reoccupy Iraq, the US military will take out Syria’s secular government (likely helping Al Qaeda and the Islamic State take over), and the US Congress will not only kill the Iran nuclear deal but follow that with a massive increase in military spending. In other words, more and more fires of Imperial “regime change” abroad even as the last embers of the American Republic die at home. Much of this “strategy” is personified by a single Washington power couple...
- Gunman kills two, wounds seven in Louisiana theater before killing himself (Reuters)
- Health insurer Anthem to buy Cigna in $54.2 billion deal (Reuters)
- Murder, Poisoning, Raids: It’s Election Season in Russia (BBG)
- Lagarde Push for Greece Debt Relief Challenges Merkel (Bloomberg)
- Fund Boss’s Gamble on Health Law Pays Off Big (WSJ)
- Wall Street Cranks Up Its Outlook for Amazon After It Delivers Monster Earnings Report (BBG)
- China's Richest Man Marks Push Into Hollywood With Jake Gyllenhaal Movie (BBG)
- West Africa's alarming growth industry - meth (Reuters)
As President Obama’s nuclear deal with Iran is compared to Richard Nixon’s opening to China, Bibi Netanyahu must know how Chiang Kai-shek felt as he watched his old friend Nixon toasting Mao in Peking. The Iran nuclear deal is not on the same geostrategic level. Yet both moves, seen as betrayals by old U.S. allies, were born of a cold assessment in Washington of a need to shift policy to reflect new threats and new opportunities. Several events contributed to the U.S. move toward Tehran.
How hard do you work compared to the rest of the world?
- Stocks sour as Apple results leave bitter aftertaste (Reuters)
- Awkward Alliance Running Germany Exposed by Greek Crisis (BBG)
- Apple Faces Old Question of What’s Next After Record Profit (BBG)
- Lawmakers, White House Explore Tax Revamp for U.S. Firms Overseas (WSJ)
- Digital Misfits Link JPMorgan Hack to Pump-and-Dump Fraud (BBG)
- More Debt Traders at Risk as European Banks Report Results (BBG)
- Iran rejects sanctions extension beyond 10 years (Reuters)
What if Syriza were not just a particularly fluffy breed of miniature Europoodle but actual honest-to-goodness revolutionaries, ready to do whatever it takes? How would they act differently? And what would be the result? Given that the price is so high, perhaps it would be better after all if we just sat quietly, allowed the rich get richer as the poor get poorer, watched listlessly as the environment got completely destroyed by capitalist industrialists in blind pursuit of profit, and eventually curled up, kissed our sweet asses good-bye and died? Good luck selling that idea to young radicalized hotheads who have nothing to lose - except maybe you, if you happen to stand in their way as they change the world!
Surprise! Just days after the 'deal' to bring world peace a little closer amid much crowing by the Obama administration (ahead of Congress' 60-day decision process), Iranian Supreme Leader Ali Khamenei on Saturday vowed to defy American policies in a speech punctuated by chants of "Death to America" and "Death to Israel". As Reuters reports, US Secretary of State John Kerry said the speech was "if it is the policy, it's very disturbing, it's very troubling," seemingly surprised at the rhetoric.
Even after a few weeks have passed, the unexpected visit of the Saudi Deputy Crown Prince to the St. Petersburg Economic Forum still has a lot of people scratching their heads. The news is full of widespread and contradictory theories, while questions abound. Why had the Saudis accepted an invitation from a country sanctioned by the U.S., its oldest and strongest ally? It is still a bit early for all the pieces to neatly fit together but now, after the dust has settled somewhat, a pattern seems to be emerging that may explain the situation.
This is it. It is indeed historic. And diplomacy eventually wins. In terms of the New Great Game in Eurasia, and the ongoing tectonic shifts reorganizing Eurasia, this is huge: Iran — supported by Russia and China — has finally, successfully, called the long, winding 12-year-long Atlanticist bluff on its “nuclear weapons.” And this only happened because the Obama administration needed 1) a lone foreign policy success, and 2) a go at trying to influence at least laterally the onset of the new Eurasia-centered geopolitical order.
While slightly later than expected, a comprehensive deal on Iran’s nuclear weapons program has now been reached. As Reuters reports, the agreement will be greeted with alarm in several quarters, both in Washington and Tehran and internationally too, and could yet unravel. Internationally, the deal will accelerate unease in some Arab states, including Saudi Arabia, but it is Israeli Prime Minister Benjamin Netanyahu who remains the fiercest public critic and has issued a warning that the accord will "inevitably lead to a nuclear war." The deal profoundly changes the balance of power in the region, but averts the conflict that was likely otherwise, but as ECStrat notes, Iran offers exceptional investment opportunities, but the near term impact will be to continue oil’s decline back to its lows, potentially taking energy stocks with it.
It is only fitting that almost exactly 24 hours after the Greek "pre-deal", which may and will end up crashing and burning in very short notice, another long expected "deal", one which has been about a decade in the making, was reached, when Iran reached a landmark nuclear agreement with the U.S. and five other world powers, a long-sought foreign policy goal of the Obama administration. However, just like with the Greek deal celebrations, these too will likely be short lived as the outcome sets the White House on course for months of political strife with dissenters in Congress and in allied Middle Eastern nations.
Trump has been playing the media with his supposed presidential ambitions for years, but it was clear then that it was just The Donald doing what he does best – promoting himself. And so the question jumps out at us: Why now? Although we have no concrete proof of the theory, there’s plenty of circumstantial evidence. His ties to the Clintons, his past pronouncements which are in such blatant contradiction to his current fulminations, and the cries of joy from the Clintonian gallery and the media (or do I repeat myself) all point to a single conclusion: the Trump campaign is a Democratic wrecking operation aimed straight at the GOP’s base. Donald Trump is a false-flag candidate.
A shocking and uncharacteristic display of common sense
What if your country didnt really exist?