Aug 24, 2021
Summary:
John Rubino and I discuss what’s new with precious metals,
Afghanistan, and lockdowns on today’s episode. Gold and Silver
recently fell hard—going in the opposite direction as stocks—but
miners are still making decent profits and it is an ideal time for
the operation sector. We delve into the US’ exit from Afghanistan,
which went so poorly because soldiers were removed prior to
American citizens and millions of dollars worth of military gear.
This has a number of negative implications going forward, and could
pose threats to the US government. Furthermore, Rubino and I
investigate the newest COVID lockdowns in France and Australia, and
the protests that shed light on thoughts around the new variants
and what to expect in the near future.
Highlights:
-Looking at what happened with gold and silver: they had a flash
crash
-The precious metals fell hard, but stocks did not - asset classes
going in opposite directions, and one of them had to be wrong.
-The new COVID variant gives the fed the excuse to continue with QE
and artificial and low interest rates, even in the face of higher
inflation
-Miners are still making good money, so it’s a good point in time
for the precious metals operation sector
-With Afghanistan, this is perhaps the worst we’ve ever seen.
Rubino says that our exit from Afghanistan was poor because we
removed soldiers prior to American citizens and millions of dollars
worth of military gear
-This sends a message to other predators around the world that they
have somewhat of a free hand now
-There is an opportunity for other governments to get what they
want with not as much risk. Militarily, this is terrifying.
-This circumstance may remind one of the 1970s
-We really could use leadership, which seems to be absent at the
moment
-With the current leadership in the US, there are many other
distractions - we place much focus on domestic terrorism, racism,
etc. that don’t fit within other larger military issues
-The Darwin Effect: people sense weakness, and take advantage of
it, and this is how geopolitics works - you get what you can.
-We have to lump the US in with the group of predators in the world
- there has to be a balance of power such that no one indulges
their predatory instincts
-There’s going to be a big fight on divvying up Afghanistan, and
the US will not be running the show
-We’ve created the conditions for turmoil and for fairly extreme
things to happen
-Geopolitical circumstances, inflation, and labor shortages
contribute to these conditions
-There are a lot of low probability events that contribute to a
high probability event
-Ongoing demonstrations in Australia and France over lockdowns
-Primarily middle class protestors - these are the people most
frustrated by these lockdowns
-The government put no emphasis on therapeutics in regard to COVID
treatment/vaccination
-80% of people who perished from COVID had Vitamin C
deficiencies
-There is a desire to eliminate the control group so that we will
only know what will happen if people are vaccinated
Useful Links:
Financial Survival Network
Dollar Collapse