Stacy Summary: Everyone knows the unipolar party is over; it’s just what comes next that remains to be seen.
Russia and economic warfare: RIP the free market new world order
Although Putin has no alternative ideology to offer, times have changed. This is now a messier, less clearly defined, multipolar world. It is not just that the pre-eminence of the dollar has been challenged by Russia’s announcement that roubles and yuan will be used in the oil deal it has brokered with China. It is not just that we are back to spheres of influence. It is not even that governments have become more interventionist and protectionist. It is that after the convulsions of the past seven years, it is hard to imagine a US president or indeed any western leader saying: “We know what works, the free market works.”
So RIP new world order. Born Berlin 1989. Died with Lehman Brothers September 2008. Laid to rest eastern Ukraine August 2014.
Stacy Summary: Back in NYC from an epic journey to various watery points off the east coast of America – from Bald Head Island in North Carolina to Wickford, Rhode ...
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An ideal situation for running an economic and monetary policy marathon would be if you were the Winklevoss brothers. The Winkelvii could split up and one twin could run the first 13 miles and the other could run the second 13 miles and since there’s no blockchain at marathons no one would realize that they’re doing the double-spend. Are Bitshares and BitsharesX able to pull off just such a feat or will they be gunned down just out of the starting gate by the starter’s own firearms?
Although Patrick Byrne and Preston Byrne were not separated at birth, avoiding being burned in the crypto 2.0 race may require an entirely new set of rules.
Jim Willie joined TFMetalsReport this weekend for a special holiday podcast. In this excellent report from the Hat Trick Letter editor, Willie discusses:
- This week’s announcement by Gazprom that they will begin accepting payment in rubles and yuan
- The escalation of US and EU sanctions against Russia and how they are failing/backfiring
- Willie explains the US’ motives for provoking Russia via Ukraine: To entice Russia to prematurely move to place the Ruble into a reserve currency status, and ultimately, to blame Putin/Russia for the coming US dollar collapse!
- The growing isolation of the US as a economic superpower
- The eventual emergence of a new global currency regime & collapse of the dollar
Click here for 60 full MUST LISTEN minutes of Pure Golden Jackass:
“She was offered a chance to appear on the Jay Leno TV chat show in the US, but decided she preferred to go on a school trip to the Lake District.” - Read my latest daily blog in full here
• SO IT GOES – John Fleming’s Blog
We discuss Burger King, yet another company fleeing America for yet another ‘free’ healthcare nation, Canada. Meanwhile, back in America naked incidents are on the rise and, in Europe, suicide tourism rises four-fold. In the second half, Max interviews Trace Mayer about bitcoin, central banking and geopolitics.