Pepe Escobar summarizes the state of play at the outset of the BRICS conference as it begans in Kazan, the capital of Tatarstan, Russian Federation. The heads of the central banks have already met in Moscow in preparation for discussing initial steps in an overhaul of the post WWII Bretton Woods monetary system and associated institutions established by and controlled by the West, the US in particular. Expectations had begun to exceed reality and now they are more modest but still positive.
Sputnik International
Pepe Escobar: Date With Destiny - BRICS Offers Hope in a Time of War
16 comments:
Mike,
Are you convinced Isreal is going to hit back at Iran really hard?
If so, Are you sure short bonds is the right place to be If that does happen ?
If Israel pummels Iran's oil assets, Headline and Core CPI may bottom in October (assuming an Israeli strike soon) rather than in November. Crude oil and Yields could soar to the high heavens ?
Iran will hit back with force as they have shown twice now their hypersonic and cruise missiles can hit any target they want to hit. It could escalate quite quickly.
Do you think the bond trade you have now will be better or ten times worse if Isreal is going to hit back at Iran really hard?
It's got to be worth thinking about ?
I'd get out man, take the loss for once. Is it really worth the gamble considering an Israeli strike looks imminent ?
Nobody knows how it is going to escalate.
Israel has been warned by the US not to hit the oil facilities for obvious reasons.
But Iran has promised to do more of this but the times more powerful if they are attacked
HERE:
https://m.youtube.com/shorts/uIB28MBDujw
HERE:
https://m.youtube.com/shorts/aZXXwsOpD6g
Iron dome turned out to be a paper dome Mike. They can't stop hypersonic missles.
Then all bets are off. It could escalate quickly. Then what does the 10 year yield do ?
Honestly man, I'd think what might happen here. Think is it worth gambling on it ?
You know what the FED will do
I don't think they will hit the oil.
Trump has said he wants further investigation into his 2 assassination attempts and he specifically mentioned Iran and if it was Iran he’s said he’s going to wipe their country off the face of the earth…
Foot I don’t think Mike is short bonds..,
“ Born in Illinois, Rumsfeld attended Princeton University, graduating in 1954 with a degree in political science.”
Rumsfeld Art Degree…. Only an Art degree person could say or write something like that… makes zero sense…,
Israel is not afraid of Iran. They will take care of that regime.
Foot:
You probably thought the IDF was going to be no match for Hamas and Hezbollah, too. Keep cheering for Iran. I'll read the comments and laugh.
Israel has everything in hand and doesn't need any help from the US military.
How's that for a knee-slapper?
Foot:
You probably thought the IDF was going to be no match for Hamas and Hezbollah, too. Keep cheering for Iran. I'll read the comments and laugh.
Nope, You are putting words in my mouth. Just watched what they did the last strike. I think it is is foolish to say Iran can't strike back hard. Foolish to guess how it is going to go.
Peace is the way to go. Or It it will be WW3.
Destroying Iran isn’t WW3…
How's this for a knee slapper !
https://m.youtube.com/watch?v=rnQb3jd75bY&t=5s&pp=2AEFkAIB
Thank God it is over. Iran showed using Russian air defence Israel struggled to get through. That the Iron dome is a paper dome over the last month.
It is check mate.
It was why Blinken was On tour this week. To reign in those committing genocide. He went round everybody saying " Look Israel will strike back guys but it will be a de- escalatory strike. ". That's why he was there.
Russia will be saying to Iran, take the win you have defeated the Genociders. Instructing Iran not to strike back.
Iran instead, will continue to reduce the genociders military in both Gazza and Lebanon. Who's losses are increasing on a daily basis.
It is over and a peace settlement will be debated soon. The genociders have been exposed as weak and full of hubris. Be very lucky not to end up in the Hague. For crimes against humanity.
They have set back US and Israeli strategic interests in the region at least 30 years. Have increased anti - Semitism worldwide. Have made Jewish people less safe where they live not more safe all over the world.
And for what ?
They had The morale and legal upper hand after Oct 7th. Blew it all because of their Zionist ideology and blood lust.
It's tragic. All of it could have been easily avoided.
So BRICS is okay with the IMF?
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