Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump's Energy Dominance strategy has failed. The announcement by Secretary of State Mike Pompeo (R - The Eschaton) that no more sanctions waivers will be granted to importers of Iranian oil. Those that do so will … Continue reading Trump Kicks the Sanctions Can on Iran Oil
So the latest threat to global security we're supposed to believe is cybercrime from North Korea involving Bitcoin. There is a new report from the Royal United Services Institute for Defence and Security Studies (RUSI) called Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia. It's important stuff apparently. Because … Continue reading Psy-Op of the Day: North Korea and Bitcoin
"Brace Yourself Arthur as Corporate America tries to sell us its wretched things!" (Turns on TV) -- The Tick Bitcoin has been on fire since April began. It's been an impressive move so far. And no one has a good reason why. So I'm asking a simple question. Is Bitcoin's rally part of the post-Fed … Continue reading Is Bitcoin Responding to Brexit?
Germany is the key to the EU economy. This is not news. What is news is that Germany's economy is in the toilet. Not slowing down.... not hitting some bumps. The Germans are industrial and exporting powerhouses. And the trends for those two things have been in decline for over a year. Balance of trade … Continue reading Germany: Dead Economy Walking
Saudi Arabia has gone nuclear, threatening the petrodollar. Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill exposing OPEC to U.S. antitrust law is a trial balloon. The chances of the U.S. bill known as NOPEC coming into force are slim and Saudi … Continue reading The Ultimate Pivot: Saudi Betrayal of the Petrodollar
Last year Turkey's lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of Turkey banned international short-selling of the Turkish … Continue reading Is Turkey “City Zero” in Global Contagion
The EU's new, comprehensive new Copyright Directive passed the European Parliament ensuring the way we use the Internet will change in the future. And not for the better. The controversial parts are Articles 11 and 13, the "link tax" and the "upload filter" requirements. For a good run down of how terrible these new rules … Continue reading Can the EU Survive Its Own Censorship?
I've a new private blog post up on my Patreon for subscribers detailing the effects the latest twists and turns of Brexit on markets like the U.S. Treasury and Gold markets and how I think they will turn. As always, the Market Reports happen twice weekly on Wednesdays and Sundays to help make sense of … Continue reading Private Blog: How the Market is Preparing for Brexit