Meraglim Blog

The Line Between Economic War and Shooting War Is Getting Blurred.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Readers are familiar with the war chronology I’ve described for the 1920s and 1930s. Now, events are playing out the same way.

The 1920s began with a currency war started by Germany with its hyperinflation under the Weimar government. The currency war spread to France and Belgium in 1925 (with inflation) and the UK (with deflation). Then the currency war played out from 1931 to 1936 with devaluation by the UK (1931), the U.S. (1933) and the UK and France combined (1936).

None of this provided the growth or debt relief the world needed although countries did receive a short-term boost as and when they devalued. Once the currency war failure became clear, the world turned to trade wars with the Smoot-Hawley tariffs in the U.S. (1930) and many similar trade barriers in the early 1930s. The trade wars were as much a failure as the currency wars.

Finally, in the1930s, the world turned to a shooting war with the Japanese invasion of China (1931), the German invasion of Poland (1939) and the Japanese attack on Pearl Harbor (1941). The end result was the Second World War, the Holocaust, and use of the atomic bomb.

As this article reveals, we’re going down the same path today. The currency war began in 2010. The trade war began in 2018. Now, Russia declares that further economic sanctions from the U.S. will be regarded as an act of war. Russia won’t respond with more economic sanctions; it will respond “by other means,” which could include cyber-financial attacks and the shut-down of critical U.S. infrastructure.

Individuals may not be able to stop this dynamic, but they can preserve wealth with non-digital assets such as gold, silver, art, land and private equity.

 

Accredited investors interested in learning more about Jim Rickard’s private placement in the world’s first predictive data analytics startup that combines human and artificial intelligence with complexity science should check out his offering at Meraglim Holdings. Click the link to learn more.

IF THE SCIENCE IS NOT ON YOUR SIDE, JUST TRY THREATS

It’s clear that good science does not support the extreme claims of the climate alarmists. Yes, there is such a thing as climate change, but it’s slow, difficult to predict and almost impossible to model because of the complexity of the process. The climate alarmists have grabbed most of the headlines for the past ten

Read More »

WHY TRUMP WILL WIN REELECTION: NOT POLLS OR PUNDITS; JUST COMMON SENSE

Political analysts use polls, betting odds, historic trends and other inputs to make their (usually wrong) political predictions. We all remember that “experts” said Hillary Clinton would win the presidency in 2016 (they gave her a 92% chance on the morning of the election), and that the UK would vote to “remain” in the EU

Read More »

HERE’S ANOTHER ELITE WITH ANOTHER PLAN TO TAX AWAY YOUR WEALTH

The elites never rest when it comes to devising new ways to take your money through taxes, inflation or outright confiscation. The latest Trojan horse the elites are riding to take your money is climate change. The climate does change over long periods of time for reasons that are not well understood except that they

Read More »

KRUGMAN SHOWS HE KNOWS LITTLE ABOUT ECONOMICS AND LESS ABOUT FINANCE

We already knew that Nobel Prize winner Paul Krugman knows almost nothing about economics. Now, we see from this article that he knows nothing about banking either. Krugman claims that the repeal of Glass-Steagall and the actions of banks in general were not the cause of the 2008 financial crisis. The conventional wisdom is that Lehman Brothers,

Read More »
Scroll to Top