World politics affects Economics in many ways.
We’ve covered Brexit quite a bit over the last few weeks. We’ve talked about China’s moves to get their currency, the Renminbi, ready for prime time International Reserve Asset status through their massive buildup of Gold over the last decade. And we’ve talked about monetary QE in Japan and many other countries besides the US.
The Middle East, sitting at the crossroads of European and Asian Economic and military interests, including their control of a still significant supply of oil,is another area of concern for us. US-Israeli relations have deteriorated during the Obama administration, and the prospects for a Clinton Presidency are likely to continue this downtrend.
I came across this timeline of items about Obama’s actions toward Israel which you might find interesting.
It was written by Ben Shapiro (no relation) on 20 Mar 2015.
By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com
After my last article we received two logical questions from readers. The first one pertaining to “gaps” and the Deutsche Bank derivative exposure; the second pertaining to Japan’s strong currency with negative yields while the debt to GDP levels are astronomical. Below is the first question.
“In the past you have warned about derivative exposure and now gapping.
One of my worst fears as a day trader on a derivatives platform is gapping. That is why I will never have an open position when the market is closed. Even then, that is not guaranteed.
A lot of trading platforms got hammered when the Swiss franc was revalued.
Could you put out a letter for your readers explaining why for example the Deutsche Bank derivatives exposure is so dangerous in terms of gapping.”
I had occasion a while back to compare the wars in Afghanistan and Iraq, and our other involvement in the middle east, with the Vietnam era.
- Both wars cost our country a fortune, both in our riches consumed by the efforts and the loss of life, limbs, psyche, and American soldiers’ time.
- In both wars, there were corrupt governments which we kept in power. Before we left we knew that when we left, it was a choice between the regime’s collapse or it going over to “the Dark Side.”