• The US Fading into Irrelevance – A Good Thing for the World (Pieraccini)
I like Pieraccini; he usually does his homework. I’ve yet to find fault with his facts and historical views; which is to say I share many of his pov’s.
Tom Luongo, on the other hand, has lost some credibility with me over his opinions on Russia’s financial health; which he says is in bad shape. He’s written about that more than once and goes contrary to those who understand the real value of GDP in a countries financial health.
Upon doing some digging (figuratively of course) I did find that China does apparently hold roughly 20,000 tons of gold. Gives me a correction on my own “facts” (not) known.
The next time Bill Holter speaks, I’ll listen.
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