Ukraine

The Enemy Within - The "Intelligence Community"

"... this was undoubtedly a deliberate lie, planted in the media by the same rogue “intelligence community” that invented Russia-gate. It didn’t matter that the truth would eventually come out..."

Gold Will Soar... As China Kneecaps The Dollar

"The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars..."

Frontrunning: December 7

  • Hamas calls for Palestinian uprising (Reuters)
  • Arabs, Europe, U.N. reject Trump's recognition of Jerusalem as Israeli capital (Reuters)
  • Trump Jr. Refuses to Discuss Father-Son Talk With Investigators (WSJ)
  • L.A. Fires Halt Filming, Menace Crops, Send Edison Plunging  (BBG)
  • North Korea says U.S. threats make war unavoidable as China urges calm (Reuters)

China Commodity Carnage Continued Overnight As Brexit Fears & Bitcoin Cheers Dominate

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that stood out (as a hike in exchange fees snuffed out a lot of speculative fervor). However, the surge in Bitcoin (over $15k) and Brexit anxiety (cable vols highest since general election) was most notable.