The Kobayashi Maru Scenario

Truth Is The First Casualty Of War; The Currency Is The Second... Authored by Nick Giambruno via InternationalMan.com, “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”  — Ernest Hemingway Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted...

Goldman's Global Affairs Chief Warns Of Middle East Spillover Threats West Texas Intermediate crude futures spiked as high as $111 a barrel on Sunday evening as the deepening Middle East conflict sent panic through oil markets, with supplies from key Gulf producers going offline and the Strait of Hormuz remaining paralyzed into week two. The key question on some energy desks is whether this energy shock will force President Trump to scale back Operation Epic Fury in a TACO-style retreat by Tuesday with WTI in triple-digit territory. That is hard...