Good evening from Canada…well, it sure has been an interesting week.
The Trumpster, no sooner than backing off from Mexico, decided to up the stakes with Turkey while at the same time downplaying Iran’s apparent attacks on 6 oil tankers in the Straits of Hormuz over the last 2 weeks as, “nothing serious”. Folks, I don’t make this stuff up – no one could have such a vivid and offbeat imagination. How attacking 6 tankers in a transportation choke point “isn’t serious” (sic) even though his military advisors urged action ie. concrete action, not just the visual of sending another 1000 soldiers to where they can be outnumbered….???? And the EU is also considering sanctions against Turkey and not because they bought the Russian missile system that has Trump’s attention for this 5 seconds – apparently Mr. Erdogan had the colossal audacity to start drilling for oil off the coast of Cyprus which he had previously sworn not to do. Imagine – a leader that lies…leave it to Europe to worry not about missiles and not about political freedoms but about something that, in their opinion, matters more than anything else – M*O*N*E*Y!
BBG (Bloomberg) now reports that China and Russia are buying gold – remember, please, that you heard it here first, and months and months ago. Also, Nikkei reported that China does not have enough US dollars to honor its obligations (of course, those ‘obligations’ are, at best, guesstimates as no one really knows what they owe, and that includes the Chinese. From experience, the best guess is:
Only a guess
Under, and probably way under