Yanis is a strong character and seems to be a very smart and principled guy.
The fact is, the tariffs are a complete and utter disaster of an idea.
They simply cannot work.
No company is going to build billion dollars worth of infrastructure which is only viable whilst these capricious tariffs remain in place.
The US is way too far down the path to disaster to fix it with this kind of destabilising action.
When I look at the markets right now I think of a streetscape where all the nice building facades are still standing but a wrecking ball has gone through and taken out everything behind the facade!
In a way you can't blame the US leadership flailing around like this, desperately grabbing onto to anything, like they are drowning ...
... because, they are drowning ... in debt.
US had to try something ...
But there is no way that I can possibly think of to solve the debt/currency crisis facing them, and therefore the world.
200 trillion in debt. No buyers for the debt. And a country from which just about all industry has been removed.
The debt is unplayable so the currency is unviable.
It went on so long domestically because of lies and misdirection of the public ... (in a propaganda and market suppression campaign to discredit gold and silver), and internationally by the US using its military etc to kill anyone who stood up against the US dollar.
I actually think part of it is simple though ...
US debt established itself, wrongly, as a safe and stable long term store of value, and it became the foundation of the global financial system, and the only asset held by major institutions and countries as a 'reserve' asset.
BUT ... No-one trusts US govt debt anymore! (And it is crashing in value, and they need to issue 190 trillion more of it.)
This is a very serious moment in time, as the whole financial system is at risk of collapse.
If US debt is now not qualifying as a reserve asset ...
I can think of only one other thing that could be restored to that position, and that is clearly gradually occurring.
50 years is not long in monetary history, but 99.9% of people have no idea that the collapse about to occur, and the return of gold will just be a return to something that was working 50 years ago, and for thousands of years before that.
NST Price at posting:
$20.96 Sentiment: Buy Disclosure: Held
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