"You know, macroeconomics can be likened to a large animal. An elephant or rhinoceros. It may long stay patient, pestered by flies, mosquitos and birds. Such a giant is too lazy to react to every trivial thing, but there comes a certain point when it may lose temper, get up and shake it shoulders causing everyone to run helter-skelter, and vanish in an instant. The same goes for macroeconomics. It is very hard to tear down the current trend, but if it starts to budge, whole system may go out of control. Nobody knows when this may happen, it could occur at any moment…." ~ Herman Gref, CEO of Sberbank
By Catherine Austin Fitts
The Saker joins me this week to discuss the continued deterioration in U.S.-Iran relations, including the U.S. assassination of Iranian General Qasem Soleimani and the broader implications of U.S. assassination policies. We also discuss the impact of impeachment politics on Ukraine and the continuing decline in Ukraine's society and economy. Finally, we touch on Russia's government reorganization—described in the Saker's recent piece, The new Russian government: a much needed evolution but not a revolution—as well as the extraordinary and baffling capitulation of the U.S. Administration to Israeli interests.
Subscribers can e-mail or post questions and story suggestions for Money & Markets for this week here.
Talk to you Thursday!
