by Louis James, Casey Research:
It’s been an eventful week around the world, with Ukraine, Georgia, and Moldova signing a landmark economic cooperation agreement with the EU, and the US suddenly ‘fessing up that its economy tanked in Q1.
Ukraine Crisis As you read this, news may have broken regarding the Russian response to three former Soviet states realigning themselves with the West. Whatever the Kremlin says, I think it will be more important what the Russians do—and beware, their actions may be considerably more subtle than sending in the tanks. Makes me glad I own gold.
US Economic Crash Meanwhile, back in the USA, Toto has pulled back the curtain, revealing the government’s GDP figure for Q114 to be a shocking -2.9%. It’s striking how unanimously the mainstream press reported this, in the voice of Oz, demanding that we pay no attention to the crash: “It was the weather! The recession is over! Everything is much better now. Honestly, I promise!”
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