Showdown

14 Jun

Showdown

Nobody can watch everything all the time.  There are too many channels.  And the domestic news has reached the outer limits.  In fact, it is mesmerizing: demonstrations and looting, a new country with its own warlords that spring right up in the middle of a major American city, yesterday’s parade of authority figures proven wrong today, bailouts for the cronies, the COVID-19 deaths and lockdowns, burgeoning deficits and staggering money printing, a presidential election season getting underway, and a stock market that lurches and stumbles, and reels and staggers.

It’s like trying to take your eyes off a train wreck.  We know.  We watch it, too.

Yet there are other stories being screened on the 2020 channels that we would all be wise to watch as well.  These are the geopolitical developments that threaten the world with financial chaos and war.  We’ll mention just one of the global hot spots—China—that it would pay to follow because dangerous geopolitics drive gold prices higher.

Tensions with China are running high.  Over Hong Kong…  the Wuhan Virus… the trade war.  Charges and counter-charges flying across the Atlantic.  The vital waterways of the South China seas are crowded with warships, raising the risk of an accident or incident. Chinese fighters briefly entered Taiwan’s airspace last week, while China is very upset with a US military flight over Taiwan, also last week.

The Senate Armed Services Committee just days ago approved a new military fund of $6 billion “to confront China.”  That’s the way that Defense News headlined the story.  The measure would enable U.S. military operations in the region it calls the “Indo-Pacific.”

US and China trade war

Don’t ask where the billions come from.  Last week the national debt just rolled right past $26 trillion.  (By the way, the Pentagon just announced plans to shovel $250 million more to Ukraine.  It’s a great comfort, we’re sure, knowing that while American cities burn and its shops and stores are looted, Ukraine will be protected.  Your tax dollars at work!)

We’ll save news about a few of the other hot spot like Russia, Iraq, and Korea for another day, and for now will simply urge you not to wait for an international showdown to invest in gold.  

Protect your wealth before it happens.

We now return control of your television back to you.