RE:Kitco article
Here is an excellent adjunct to the Kitco article written by Tad on the CXB board:
https://stockhouse.com/companies/bullboard?symbol=t.cxb&postid=34791696
I left out Tad's two opening paragraphs to skip to the geopolitical/reserve currency issue he details. Here is the article he wrote:
As far as country risk .... individual US state or Canadian provincial risk, or European Union policy risk, like Turkey (as someone already referred to Lydian, or how about Rosia Montana ) ..... All the same.
Want to try develop a mine in California, anyone ? How about the idiotic policies in late 1990's early 2000's British Columbia. And people wonder why it's called the "Left Coast" . How about being a Canadian company developing the Keystone Pipeline ... how'd they make out with that project the day after Biden came into office .... poof ... 10,000 high paying union jobs gone .... no new pipeline to send more Kanuckistani oil to the U.S. And of course there is the moron Queen Justine Trudope who's energy policies in Canada would have Canada depending on sunlight, rainbows and unicorns to fuel Canada's future economy. Just love seeing all the electric recharging stations popping up everywhere, with the diesel generator's close at hand behind security fences, conveniently out of sight so all the "greenies" won't get too upset ....
The US placed sanctions on the leadership of Nicaragua for the shenanigans Ortega and his wife pulled in the last election. We have a few other western countries backing the U.S. sanctions on Nicaraguan entities. Throwing political opponents under house arrest, or outright jailing them is wrong, I very much agree, (BTW ... anyone seen the West's poster boy in Ukraine ban all political parties last week )
QUESTION: How many countries haven't put sanctions on Nicaragua ?
Most of the world hasn't.
If people are only getting their news from the main stream media, they are only getting the World Economic Forum's narrative and agenda. The Western nations leadership, mostly graduatees of Klaus Schwab's WEF under its "young leaders" tutelage are now using the Ukraine conflict to attempt to impose their will on the rest of the world, yet only 35 or so of the world's nearly 200 nations have imposed sanctions on Russia. See a pattern forming here .... Countries are no longer listening to the U.S. and Europe ... power is shifting to Eurasia.
The U.S. Dollar as the world's reserve currency is in the final throws of losing that status. .... whether anyone reading this likes that idea or not. Look at any number of events in the past few years. The Euro probably won't survive the next 5 years as well.
The biggest event, little reported in Western media - The porrly executed Biden pull-out of U.S troops from Afghanistan resulted in Saudi Arabia signing a military deal with Russia less than three days later, as even Saudi Arabia no longer trusts the U.S, for "protection". In 1972-3 the U.S. and Saudis agreed to Saudi Arabia's military protection in return for only using US Dollars for all oil transactions. Saudi Arabia kept the rest of the OPEC membership in line with using only U.S. Dollars for the past 50 years. As the U.S no longer had any gold backing for the U.S. currency after August 15 1971, Secretary of State Kissinger and his controllers devised a plan for the U.S. dollar backed by oil, using U.S. military might to "enforce" the plan, which enabled US Dollar hegemony much longer than the natural life of any previous fiat currency
- Other oil producting nations have attempted to accept other foreign currencies for some of their oil sales in more recent years, but were met with U.S. sanctions (Iran) or military incursions (Libya, Iraq et al) ), all in the efforts of maintaining the U.S. Dollar hegemony. Those nations, on their own, were too small to resist any pressure on the U.S. PetroDollar policy, however the Saudi's siging with Russia, is on another level. Enter China with it's enormous thirst for petroleum and Saudi acceptance of Yuan for payment of oil as well and Iran's acceptance of Yuan as well ... The BRICS nations are already prepared to use another payment settlement system (SWIFT no longer needed for the two Eurasian giants) that does not use the USDollar. Recall that Venezuela has more recent agreements with Russia for oil trade.
US Dollars are going to continue to flood back home, foreign held debt instruments will continue to be redeemed, .... September 15, 2019 REPO market collapse was a direct result of companies being paid by China for some of the Belt and Road Initiative project construction in US debt instruments. Those companies are redeeming those instruments ...... US debt coming home to roost .....
The Biden administration will continue to blame Russia and mainstrem media will parrot the lie that inflation is Russia's fault ...... the current inflation is caused by worthless fiat US Dollars returning home . Supply chain disruptions are being caused by the last two years ridiculously stupid lockdowns, and now they're blaming Russia for all the world's woes ..... a country that showed immense restraint for the past decade while Ukraine's gov't turned a bllid eye to the murder of thousands of ethnic Russian's in eastern Ukraine by Ukraine's neo-nazi Azov militia.
Ortega, rightly or wrongly, is placing his allegiance with Russia and China and BRICS, probably seeing that the BRICS nations won't/don't really need the U.S. or it's worthless fiat paper anymore. There is a new multi-polar political system forming now, and the U.S. will lose alot of its power. It will maintain some influence, just as Britain has maintained some of it's influence after losing world reserve currency status between WWI and WWII.
Ortega has been using tax revenues to improve the hiways and infrastructure of NIcaragua. Do I like his politics, no .... Do I like U.S. politics, no .... and I absolutely despise the criminals Trudope, Macron, BoJo et al and their unpatriotic support of WEF policies to the detriment of their own countries' citizens.
We have pots calling kettles black regarding the sanctions in Nicaragua. The whole world seems to be coming unglued politically.
If people think this is too risky and investment, so be it. Sell and move on.
Short of the U.S. invading the country, there is not much that Ortega has to worry about, with Russian and Chinese backing. Nicaragua doesn't need the U.S. and U.S. foreign policy is alienating more and more of the world, Seems Russia isn't supposed to get upset if US controlled NATO wants to push right up against Russia's borders, but the U.S. can throw a hissy fit any time it desires when a "local" country within 1000 miles of US borders doesn't cow-tow to U.S. wishes.
Also amazes me how the West is/was supporting the current U.S. (Obama/Biden) backed Ukraine leadership which was aiding the actions of the Neo-Nazi Azov Militia, which is responsible for the murder of over 14,000 ethnic Russians in eastern Ukraine since 2014.
As far as election shenanigans go .... has everyone seen the new documentary 2000 Mules ?
So what's worse, throwing opponents in jail .... or stuffing mail-in voting boxes with hundreds of thousands of bogus ballots in key states over the course of two or three weeks (All caught on video surveillance and cellphone tracking technology ) .... How strange, I've never seen a US election before where ballot counting stops at 11:30pm on the night of the election in all seven swing states, with one candidate having a solid lead in all those key states, only to wake up the next morning and see that candidate losing in all 7 states that simultaneouly stopped counting the night before. And no I am NOT a Trump fan, but really question how someone with a 700,000 vote lead at 10:30pm the previous evening is magically behind after vote counting of the mail-in ballot boxes resumed the next morning in Pennsylvannia.
Nicaragua, doesn't need the blessing of the sanctimonious, self righteous U.S gov't and its failing grip on US Dollar reserve currency status due to wreckless printing of a now worthless currency. France's former President DeGaulle saw it coming back in the late 1960's and demanded GOLD payment from the U.S. ... as a result, Nixon ended up "closing the gold window" as gold was flowing back out of the U.S in the late 1960's and early 1970's. . Now, it is highly likely that a majority of the world's population is going to slam the door shut on the use of the U.S. fiat currency ..... in the not too distant future. I doubt the U.S will quietly accept the approaching new paradigm without throwing a number of hissy fits and temper tantrums.
Unless we get some common sense restored with the political leadership of most Western nations, and begin criminal trials of the World Economic Forum leaders and its participants, things are only going to get more unstable.
JMHO.