by Mish
“It is inevitable, it will hit us in the next six to eight months,” claims Rickards.
Armchair pundits calling for Trump to take out North Korea do not remotely understand the risks.
Think Seoul & Chinahttps://t.co/Wm0dd9FoQQ— Mike “Mish” Shedlock (@MishGEA) September 3, 2017
First time I’ve identified time & type of snowflake that starts a financial avalanche. @Rachel_Spike has the story: https://t.co/KRphMRMfE8
— Jim Rickards (@JamesGRickards) September 14, 2017
Nuclear War is not exactly a snowflake. I do agree on one point. If Seoul is flattened, at a minimum we have an instant global recession. https://t.co/ilu5m4cije
— Mike “Mish” Shedlock (@MishGEA) September 14, 2017
I do not make light of nuclear war. Rather, I mock predictions that such an event will happen within a designated time frame, if at all.
Perhaps it will. Heck, it is “conceivable” war breaks out next week or later today.
If war happens, and Seoul is flattened, it may indeed trigger a huge financial meltdown. China has even agreed to back North Korea if we strike first.
At a minimum, I would expect an enormous supply chain disruption and an immediate global recession. Treasury yields would collapse.
The likelihood is that war won’t happen in the predicted timeframe.
Regardless of whether war breaks out, one should consider an insurance policy against central bank actions. Got gold?
— Mike “Mish” Shedlock (@MishGEA) September 14, 2017
Sensational headlines are not necessary to promote gold.
Forget the popcorn. Buy gold.
Forget the popcorn. Buy gold. How Much? See How Much Gold Should the Common Man Own?
Mike “Mish” Shedlock
