I've told you that once you start down the Trade War path forever will it dominate your destiny. Well here we are. Trump slaps big tariffs on aluminum and steel in a bid to leverage Gary Cohn's ICE Wall plan to control the metals and oils futures markets. I'm not sure how much of this … Continue reading China’s Oil Trade Retaliation is Iran’s Gain
I have to say that as much as I don't like the direction Trump's foreign policy has gone, there are still plenty of moments of unbridled joy in watching the man work a crowd. His suggestion of allowing Russia back into the G-7 is one of those moments. Trump has a nearly preternatural way of … Continue reading G-6? 7? 8? How About the Gang That Can’t Shoot Straight?
President Trump is trying to remake U.S. foreign policy such that he can bring the troops home and rule the world through continued financial dominance. In an outstanding article at Strategic Culture Foundation, Alistair Crooke lays out the argument (see link below). Trump will not be successful because of Triffin's Paradox, among other things. The … Continue reading Gold Goats n’ Guns Live – Nordstream 2 and Trump’s Losing Battle Against History
President Trump is stepping up his attack on Iran. He's now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and some of its close Arab allies in the Gulf, … Continue reading Next Stage of Pressure on Iran – Lower Oil Prices
The big story of the day was Mike Pompeo's insane speech on our new Iran policy. This is not something that is at all sustainable. And it will backfire on us in the long run. The geopolitical upside for those affected by this policy is, at best, limited and at worst a profound negative. So, … Continue reading Gold Goats ‘n Guns Live – Italy’s Coalition Ups Pressure on EU, Halper Outed, Trade Competitiveness
Last week I theorized that Donald Trump's insane bluster over Iran and the JCPOA could be the catalyst for a massive rally in the U.S. dollar. This rally would touch off global contagion as bond yields around the world blow out to the upside. Yesterday's 10 basis point drubbing of the U.S. 10-year Treasury Note … Continue reading Gold Goats ‘n Guns Live — Trump Should Thank Iran as the Dollar Blows Out
Donald Trump has betrayed his base completely. Yesterday's shameful countenance of the massacre of lightly-armed Arabs was the breaking point. Viewed dispassionately, yesterday's confrontation was between those of the jailer and the jailed. The result was predictable and horrific. But, putting that aside for a moment, let's look at the current situation. Trump's reasons for … Continue reading Trump Should be Thanking Iran Not Israel
Today I go into further detail on why i think Donald Trump's decision to leave the Iran Nuclear Deal (JCPOA) is the likely spark that finally ignites the global sovereign debt crisis. Across markets we are seeing technical breakouts or breakdowns as the U.S. dollar climbs off its near-term bottom and begins making a sharp … Continue reading Gold Goats ‘n Guns Live — Did Trump Just Set Off the Global Debt Crisis?