If WWIII breaks out, the only kind of commodity investments that’ll be worth anything are canned goods, bottled water, gold coins and ammunition.
Laughing.
China can’t even feed itself.
Dependence on US ? You betcha ! FOOD.
Nothing is in place to acceptably replace the Pax Americana.
I have had the desire for the past two months to start writing a dystopian novel set two to three decades from now. But real world events seem to be spiraling out of control to a point where I dare not imagine where we end up.
If I were the American president faced with imminent war with the ChiComs, I’d preemtively nuke em. Nuke em good.
No way I’d go toe to toe with a billion chinks.
“You don’t want to hold gold in America, where expropriation is a possibility, as happened in 1933.”
It’s ok....the gold is in the back of my gun safe.
So, expropriation might be costly.....
Hey there are even people on this forum that don’t believe in Christ.
And, there are even more here that believe that the solution for America is purely political.
I want to see the look on your faces when Faber is proven correct.
No good news to be had today again. I am old and tired and getting older and tireder all the time.
the same is true for any financial asset. French Banks, Bank of China in Hong Kong (which is seperate legal entity from BOC in China) - when IRS and Uncle Sam comes looking for assets, the French and Chinese are the ones most likely to tell them to piss-off.
if WW III breaks out with this set of players, it’s pretty clear that my Lord and Savior will soon be appearing in the sky. And he’s not going to be at all concerned about my portfolio.
While the book could have used some more structure and editing to make its points better, the basic information and conclusions were both fascinating and compelling.
One bottom line is that major wars happen with regularity in human history and, Marc Farber is right, we are due for one in the next decade or so.