Replies to post #1542 on Mining Sector Ideas

[gfp927z]

Bigworld, Based on Rickards' recent info (see last post), the goal of Ukraine's move directly into Russia was to capture the Kursk nuclear powerplant and use it as leverage (see last post). So just when you think things couldn't get crazier, they do. Having apparently failed in the attempt, Zelensky & Co can be expected to threaten Russia's nuclear plants with drone or missile attacks (?)

Kissinger was right ---> the world needs to get this Ukraine war ended ASAP, or risk bumbling into WW 3. Zelensky has cancelled Ukrainian elections twice, since he knows the people of Ukraine would send him packing. He needs to join Netanyahu in a prison cell for a repeat of the Nuremburg trials.


Kursk Nuclear Power Plant -

https://en.wikipedia.org/wiki/Kursk_Nuclear_Power_Plant



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[gfp927z]

Bigworld, >> $1.2 Trillion in interest on our debt <<

Yes, and as time goes on the Fed's policy options will be increasingly boxed in. They can't leave % rates high for too long since the huge national debt quickly becomes deadly.

The high US rates also are bad for emerging countries that have linked themselves to the US dollar, making them more likely to leave the fold and move toward BRICS. The high % rates will also lead to US / global recession, so Powell declares victory on inflation and starts cutting % rates. While the official inflation numbers have come down, to what extent is this data being massaged? We know the official inflation and employment numbers have been manipulated for decades.

The bigger picture --> what happens when the US debt moves past 40 tril toward $50 tril? I'm figuring $50 tril is the tipping point where global confidence in the US dollar can really crumble. So in ~ 5 years investors will need to be out of bonds and mainly in hard asset areas.



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