Despite recently being demonetized by YouTube, possibly for his anti-establishment views and slamming President Trump’s decision to increase troop levels in Afghanistan, former Texas Congressman Ron Paul is back with a video addressing the widening left-right political divide in the US – and the role that the “immoral use” of government force has played in fomenting the US’s present political crisis.
By John Mauldin from Mauldin economics
Kyle Bass’s Hayman Capital has been having a rough year thanks to its widely publicized bet against China’s currency, which has more than reversed its 2016 decline – its largest annual drop since 1994 - as the People’s Bank of China has cracked down on potentially destabilizing capital outflows.
Following Treasury Secretary Mnuchin's threat that the US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea:
"If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system, and that’s quite meaningful."
In a day in which everyone, including the BIS, appears to be talking about cryptocurrencies after last week's China-induced crash, here is one of the more insightful takes on the future of cryptocurrencies, and how thay fit into the existing/legacy fiat system, courtesy of the latest Sunday note by One River Asset Management's Eric Peters.
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