Marc Faber discusses the war in Europe which is leading us into energy and food shortages this year.
The western countries banning Russia from SWIFT are leading to Russia and other abandoning the US Dollar.
According to data collected by the UGS, the United States is reliant on totalitarian regimes with dictators installed for life for 32 of 47 minerals — an eye-watering 70%! It’s also evident that Russia, and China, are holding some powerful economic cards..
While events are still changing very rapidly, there is a chance that the war in Ukraine will lead to some of the highest rates of inflation in the United States of our lifetimes. Increases in energy prices resulting from supply shortages are likely to be the core, but..
“How did you go bankrupt? Two ways. Gradually, then suddenly.” Change usually comes slowly. But every now and then, events like Pearl Harbor, September 11th, and COVID-19 come out of nowhere and change everything.
The system doesn’t move actual money between the banks but transmits messages between banks with instructions to settle transactions.
Additionally, this system is crucial to the international trade system...
The next big answer to our problems, in my estimation, will be a global central-bank economic scheme to answer a global cataclysm, and what sets that up now better than the global sanctions of this new war? On one side of the equation...
Well, the Ukraine Crisis has dramatically sped up this timetable. Already, forecasts of Fed rate hikes are falling dramatically, and suddenly even a 25 basis point hike later this month is in question. So now the Fed faces the dilemma..
There is no sounder, more durable store of value than precious metals. No war or global financial reset of any kind can diminish the universally recognized status of gold and silver as the ultimate money.
