Author, friend, and financial expert Alex Krainer joins me for what may be the most important conversation he and I have had in the past six years. Alex has traced a series of events that tie up all the loose ends of why the UK needs to be successful in achieving their goals in Ukraine. It may mean financial Armageddon for them and global financial panic for the rest of us.
Show Notes:
Alex – The Coming Collapse of Great Britain
@NakedHedgie on X
Tom’s Speaking Engagements
Mises Supporter’s Summit (promo code GGG2024)
2024 Expat Money Show
PEAK LUONGO AND KRAINER.
43:50 Did i undstand correctly , this means the whole scheme of blowing up the UK guilts (and sending the bill to the UK taxpayer) hinges on Powell’s pivot and several ” 0.5 babies “?
That is what I understood also. The Europeans are buying US T-Bills at the current rate. Why? Because the same way they got “underwater” is the way they want to get out. Say Powell went quickly back to the zero bound over one week. A $100 T-Bill, that you purchased on Monday, at 5%, would be worth significantly more on Friday when the interest rate is 0%. So, over a week, of doing nothing, you could make a small fortune. It shocked me when I heard it, as my mind still construes the value of money with productive labor and material goods. In such a monetary environment, labor is for chumps. All IMHO …anyone correct me if I am in error.
You are correct
Even a blind squirrel gets an acorn once in a while! 😊
That was a really good podcast, up there with podcasts 75-77 in terms of explanatory power. I never realized what a genius Alex is until I read his book, “Grand Deception: The Truth About Bill Browder, the Magnitsky Act and Anti-Russian Sanctions”. Honestly, I cannot praise the book highly enough. The title does not do the book justice, as there is so much more in book than it first appears. I consider it “ESSENTIAL READING” to understand Putin and the current situation in Ukraine. It is a rare work of scholarship, up there with the works of Harvard’s Stephen F. Cohen.
Cheers !!!
Alex is amazing.
That book was the first thing of his I read and had him on as my very first guest on the prototype version of the podcast, actually.
Alice asked: How can war mean so many different things? The G7 central banks need a hot war to eliminate their unpayable debts destined to go no-bid, but that’s not the war that suits the global south and especially BRICS+. The latter’s interests are better served by a financial war, parlaying the blowback effects of the sanctions imposed on them into a new global trading system. Meanwhile, Chinese banks currently seek to avoid US sanctions and are shutting down commercial transactions with Russian companies.
Russia chairs BRICS+ this year and at the meeting this October might very well launch a pilot program to test an alternative digital trading system (incorporating gold?) between Russia and China–entirely apart from the existing banking systems– which could be expanded to BRICS+.
Armstrong has mentioned the word Armageddon with regard to events coming this September. We may see these two wars get much hotter. One is an expanded shooting war and the other is the financial war that’s been ongoing and accelerated by the G7 sanction regimes that have failed and therefore will be pursued more vigorously, like a one way pendulum.