Global stocks crash again Tuesday as $7 trillion in bonds show negative yields. Central banks have no ammo left and it’s getting ugly. Gold and silver are up 12% YTD.
Saudi Arabia claims it is preparing to send special forces to Syria as part of a US led coalition. Very dangerous situation as Russia and its allies destroy ISIS targets including Turkish assets against Washington’s will.
Gold last reported a.m. is $1189.70 and silver is $15.35
Iran, the world’s fourth largest holder of proven crude oil, notified India on Friday that it wanted payment in Euro’s, no longer the dollar. Weeks after the Obama administration signed a horrific deal giving Iran millions of US tax payer dollars, just because, Iran is singing “death to America” by targeting the dollar.
French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia’s Lukoil are also being told to make payments with the Euro.
First Russia and China in 2015 and now Iran with others sure to follow suit we are witnessing the dollars last stand as a global player. Nations around the globe have been bullied by Washington and the Fed since 1944 and it’s coming to an end.
2016 will be remembered as the year everything went over the cliff. Are you prepared?
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