It is increasingly clear the global economy is slowing down. And a few months ago the epicenter for that slowdown was Turkey. The Turkish Lira melted down as fears over its massive pile of corporate debt, most of it denominated in dollars, began selling off. And that had contagion effects into Europe since yield-starved banks … Continue reading Revisiting Turkey’s Debt Problem
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Forget Nordstream 2, Turkstream is the Prize
While the Trump Administration still thinks it can play enough games to derail the Nordstream 2 pipeline via sanctions and threats, the impotence of its position geopolitically was on display the other day as the final pipe of the first train of the Turkstream pipeline entered the waters of the Black Sea. The pipe was … Continue reading Forget Nordstream 2, Turkstream is the Prize
Interview: Around the Empire Podcast – Turkey and the Realignment
Recently I sat down for a long chat with Joanne Leon at the Around the Empire podcast to explain in detail the circumstances surrounding the spat between the U.S. and Turkey. Listen to the whole hour-plus interview here. For those of you not up on the ins and outs of currency trading we purposefully took … Continue reading Interview: Around the Empire Podcast – Turkey and the Realignment
Looks Like Italian Default is Back on the Menu
Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week. It was an act of cheap political grandstanding but one that ultimately rings very true. It's a perfect moment to shake people out of their complacency as to the real costs of … Continue reading Looks Like Italian Default is Back on the Menu
How to Invite a Crisis – Turkey Provokes Asian Realignment
Turkey has declared independence from Washington D.C. The post-World War II international order is reaching the end of its shelf life. With every day that passes where President Erdogan is not removed from power or Turkish banks don't fail, is another day for Turkey to shake its fist at the U.S. for its fomenting a … Continue reading How to Invite a Crisis – Turkey Provokes Asian Realignment
Interviews -Browder, Turkey and Where We Go Next
In the past couple of days I've done a bunch of talks around the horn. From last friday's appearance on Fault Lines with Lee Stranahan and Garland Nixon to today's appearance on Radio Sputnik. https://soundcloud.com/radiosputnik/erdogan-has-leverage-because-everyone-is-going-to-take-the-pain-here-expert https://youtu.be/oJX4zgvzKL8?t=20m19s
Inviting Chaos and Creating Martyrs: Alex Jones and Erdogan
“I never pay for the same real estate twice.” -- Patton Political chaos hit a peak this week with the coordinated banning of Alex Jones from polite social media society and the collapse of the Turkish Lira into the weekend. How could Alex Jones and Turkey’s currency collapse be related? They both reveal the desperate … Continue reading Inviting Chaos and Creating Martyrs: Alex Jones and Erdogan
Gold Goats ‘n Guns Live — Sanctions, Sanctions, Sanctions
In real estate everything comes down to location, location and location. In geopolitics, everything comes down to leverage, leverage, and more leverage. The U.S. has financial leverage over much of the world through the use of economic sanctions. And with each passing day the evil of The Magnitsky Act and its progeny shows itself upon … Continue reading Gold Goats ‘n Guns Live — Sanctions, Sanctions, Sanctions