Russia recently claimed that it had been a close friend of North Korea since World War II, when Japanese forces were expelled from the peninsula. In a celebratory speech, South Korean President Yoon Suk Yeol mentioned how the end of Japan’s colonization was a win for both Koreas, albeit leading to their nasty divorce. Yoon … Read more
On Korea’s liberation day, President Vladimir Putin responded to Kim Jong-Un’s request to join the fight in Ukraine. In a letter to the North Korean dictator, Putin said North Korea had been a friend to Russia since Japan’s defeat during World War II. Kim is calling for “strategic and tactical cooperation, support, and solidarity” between the two nations, and … Read more
Europe’s descent into an economic contraction looks to have been confirmed with Russia squeezing natural gas supplies to the region and heavy industry facing tough rationing in the coming months. Just days after Europeans breathed a sigh of relief as Russian gas giant Gazprom announced it would resume supplies through the Nord Stream 1 pipeline, … Read more
People in Russia will soon no longer be allowed to use digital assets as a form of payment. Russian President Vladimir Putin has signed a bill into law prohibiting the use of digital assets, such as cryptocurrency and NFTs, to pay for goods and services. In addition, as Protocol notes, the new law also requires crypto exchanges and providers … Read more
Europe is bracing for an extended shutdown of Russian gas supplies as maintenance work begins on the Nord Stream 1 pipeline that brings gas to Germany via the Baltic Sea. Operator Nord Stream AG confirmed the work, which is scheduled to run from Monday through to July 21, got underway as planned Monday morning. Russian … Read more
“Don’t underestimate the power of a narrative” says our guest on GoldCore TV this week. Jim Rickards joins Dave Russell to talk about perception, the Putin Price Hike, and why he believes Ukraine cannot win the war. If you enjoyed the interview, look out for our new look GoldCore TV show, The M3 Report, when … Read more
It’s been an interesting week so far in the world of gold prices and central banks making use of their gold reserves. For those asking if they should buy gold, two events this week provide further arguments on the benefits of holding the precious metal. There is little doubt that central banks, notably the U.S. Federal Reserve, … Read more
If you reference these commodity charts of soaring inflation I produced nearly a year ago, I illustrated that year over year, in mid-2021, corn had already nearly doubled in price and wheat had soared almost 40%. This was well before any of the bankers started blaming Russia for soaring wheat and corn staples because of the Russia invasion … Read more
Summary The negative supply shocks related to COVID and the Russian invasion of Ukraine are causing headwinds for the US economy, which contracted in the first quarter of this year. However, as consumption and investment remain robust, the US is likely to avoid a recession this year. Meanwhile, a wage-price spiral has started that will … Read more
In a weekend German media interview the head of the European police agency Europol has issued a dire warning about the huge amount of weapons being pumped from the West into Ukraine. Europol Director Catherine De Bolle told the German newspaper Welt am Sonntag that the flood of weapons on the Ukraine-Russia battlefield could end up in the hands … Read more
