• The United States plans to issue a bond backed by profits from frozen Russian assets.
• Russia has seized €700 million of assets from three Western banks.
• Russia and Iran are collaborating on creating a single BRICS currency.
• Putin and Xi have pledged a new era and condemned the United States.
• The United States fears undersea cables are vulnerable to espionage.
• China sold a RECORD amount of Treasury and US agency bonds in the first quarter.
• We saw a significant short squeeze in copper.
• Gold set a new record high in US dollar terms.
• China publicly stated that some in the United States are "losing their minds" with the tariff hikes.
• China is considering a proposal for local governments to buy millions of unsold homes.
• China has shut off live trading data on foreign investors' dealings in mainland shares.
I can go on and on.
The moral of the story this week?
Things are becoming more secretive.
Paper currencies are collapsing.
Countries are becoming more hostile toward each other, and most nations are rushing to gold.
I always said this was going to be a Hollywood ending...
We are still far from that point.
Follow: US Debt Clock ⏰
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