Washington Pushes Harder Against Russia
Paul Craig Roberts
Some historians believe that the cause of WW2 was UK prime minister Chamberlain’s appeasement of Hitler’s recovery of German territory given to other countries via the Versailles Treaty in contravention of US President Woodrow Wilson’s promise to Germany that there would be no reparations and no loss of territory if Germany agreed to an armistance ending WW1.
Authored by Paul Craig Roberts,
The Congress of the United States by almost unanimous votes in both House and Senate has made it clear that Congress would rather destroy the President of the United States and to increase the risk of nuclear war than to avoid conflict with Russia by normalizing relations.
Authored by James Rickards via The Daily Reckoning,
With the U.S. preparing to confront China and go to war with North Korea, Russia is an indispensable ally for the U.S.
There are huge implications on capital markets as these hegemonic powers continue to edge toward war.
Here’s an overview of some of the financial implications of improved relations with Russia…
1: The End of OPEC and the Rise of the Tripartite Alliance
After both Brent and WTI rose above their respective 50DMAs on Friday, capping 2017's best weekly rally for oil, the rising tide is accelerating as the latest CFTC COT data confirmed, when net specs boosted bullish Nymex WTI crude oil bets by 27K net-long positions to 423K, the highest in two months, as producers continued to cover short hedges, sending their net position to the most bullish since the summer of 2015.
Authored by John Mauldin via MauldinEconomics.com,
Exactly 10 years ago, we were months way from a world-shaking financial crisis.
By late 2006, we had an inverted yield curve steep to be a high-probability indicator of recession. I estimated at that time that the losses would be $400 billion at a minimum. Yet, most of my readers and fellow analysts told me I was way too bearish.