Europe

Jim Rogers Predicts Crude Oil, Russian Ruble Comeback But Warns On U.S. Dollar

On Tuesday, The Economic Times (India) released an interview of well-known investor, author, and financial commentator Jim Rogers on its website. Discussing weakness in the crude oil market in light of the recent nuclear “deal” with Iran, the former investing partner of George Soros said:

Not here to stay, but certainly when you have a big collapse in anything, it hits a bottom, then there is a big rebound. We call it in America a dead-cat bounce. Then you have a test, a second test to the low.

This is going to lead to the second test to the low. There is always a reason for the second test and now we are having it, but is oil going to stay down forever? No. Remember that known reserves around the world are in decline, except for fracking. This is good news for people who consume, bad news for people who produce. But it is not the end of the story…

(Editor’s note: Bold added for emphasis)

Rogers thinks the Russian ruble, a currency he’s been bullish about for some time now, will benefit from a crude oil comeback. Sputnik, the international news service owned and operated by the Russian government, referenced a recent interview of the Singapore-based investor on Gazeta.ru. From the news outlet Tuesday:

Concerning the current rouble situation Rogers said, “Russia has low debt, unlike Greece, as well as convertible currency, which is quite unique for the new markets. So fundamentally its position can be called normal. It is being pressured by lower oil prices, but as soon as the black gold finds the stable point the situation will improve for the rouble.”

(Editor’s note: Bold added for emphasis)

Sputnik added:

He also mentioned the dollar saying that the US currency is in a terrible situation as the US national debt and trade deficit are huge.

“If we simply write out on paper the facts that lie behind the ruble and the dollar, without naming the currency, then everyone will want to buy rubles and no one will buy dollars. But as soon as you name them then, of course, people buy dollars.”

He added that he hopes he will be smart enough to get rid of dollars before the collapse happens. “Everything seems perfect, until one day it ceases to be so. It was the same with Britain, France, Spain and Greece. Often stocks manage to go up for a few years before hitting bankruptcy.”

(Editor’s note: Bold added for emphasis)

Last I heard, Rogers still owned greenbacks. I blogged back on November 11, 2014:

Despite the above warning, Rogers shared with Reuters back on October 23 that he still owned the U.S. dollar. He explained:

I have no confidence in the long-term strength of the U.S. dollar. I only own it because I expect all this turmoil to happen. And in times of turmoil, people flee to the safe-haven of the U.S. dollar. It’s not a safe-haven, but they think it’s a safe-haven, so people will own it. That’s why I own it.

Now what I expect to happen is, the dollar will go up stronger and stronger over the next year or two, at which point- some point- I’ll have to sell it. I have no idea what I’ll do with my money then because the world has got this terrible, terrible unsound foundation in all assets.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

“Crude prices may sink on more Iran oil, but will rebound as known reserves are declining: Jim Rogers.” The Economic Times. 14 July 2015. (http://economictimes.indiatimes.com/opinion/interviews/crude-prices-may-sink-on-more-iran-oil-but-will-rebound-as-known-reserves-are-declining-jim-rogers/articleshow/48066869.cms). 17 July 2015.

“US ‘Shot Itself in the Foot’ by Pushing Russia Toward China – Jim Rogers” Sputnik. 14 July 2015. (http://sputniknews.com/business/20150714/1024625814.html). 17 July 2015.

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Gone Blogging (About Greek Bank Safe Deposit Boxes)

Sorry about the lack of material on Survival And Prosperity this week. With the most recent flare-up of Greece’s sovereign debt crisis, I’ve been busy blogging about reports that access to cash in Greek bank safe deposit boxes has been prohibited. You can read all about it over on Offshore Safe Deposit Boxes.

New material is scheduled to be published on Survival And Prosperity tomorrow.

Thank you for your patience.

Christopher E. Hill
Editor

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Argentina Crash Survivor’s Advice For Greeks

“As Greece descends into financial crisis, its citizens and investors globally are turning to hedges old and new.

European demand for the age-old safe haven of gold coins has risen in recent weeks, as has the relatively new concept of investments in digital bitcoins, market participants say.

As the situation in Europe grows more precarious, the price of both have risen in recent weeks as concerns have grown about the threat to banks in Greece and the risk that turmoil could spread to other countries in the eurozone and elsewhere…”

The Wall Street Journal website, June 30, 2015

Any Survival And Prosperity readers have any family/friends in Greece? I don’t, but my girlfriend was telling me recently how a female acquaintance of hers just had family over from Greece. They returned to their home country… just in time for the default.

If anyone has family/friends over there, they might want to consider watching the following video Argentinian survivalist and author Fernando “FerFAL” Aguirre just uploaded onto YouTube. As I’ve mentioned before, FerFAL has first-hand experience of what those in Greece are going through (and may very well be encountering soon), having lived through the Argentine economic crisis that reared its ugly head back in the early 2000s. FerFAL, who now resides in Northern Ireland, hammered home five things that those living in Greece should be doing right now (in his opinion) if they haven’t done so already:


“Greek Crisis: Five Tips for People in Greece”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Tuesday, June 30th, 2015 Europe, Preparedness, South America No Comments

IMF Statement On Greece

The Greek sovereign debt crisis has now entered a new, more disturbing phase. From an International Monetary Fund press release Tuesday night:

Statement by the IMF on Greece
Press Release No.15/310
June 30, 2015

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today:

I confirm that the SDR 1.2 billion repayment (about EUR 1.5 billion) due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.

“I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course.”

(Editor’s note: Bold added for emphasis)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, June 30th, 2015 Debt Crisis, Defaults, Europe No Comments

Marc Faber Warns Of Massive Deflation In Asset Prices, Shares Buy Recommendations

Monday, Swiss-born investment advisor/money manager Marc Faber was on the phone with Trish Regan of the FOX Business Network show The Intelligence Report. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report warned viewers that:

Everything is in a bubble.

Dr. Faber subsequently predicted massive deflation in asset prices was coming. When Regan asked him what he would recommend people buy, the man famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash offered up:

I tell you it will be very difficult to hide, because even bank deposits may not be safe. But, relatively inexpensive are gold mining shares, silver mining shares, and physical gold and silver. But you have to hold it physically and preferably outside the U.S.

(Editor’s note: Bold added for emphasis)

Regan asked Faber why outside the United States. He replied:

Because in the U.S., and even in Europe and Switzerland, there is a threat that one day when things really will go bad, central bankers will blame the gold holders for the disaster, and they will say, “We’ll have to take the gold away,” and so forth. This is less likely to happen in Asia.

(Editor’s note: Bold added for emphasis)


“Marc Faber warns of ‘colossal systemic risk’ in markets”
FOX Business Network Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Resource Of The Week: Free Access To Combat Handguns, Guns & Weapons For Law Enforcement, Guns Of The Old West, Tactical Weapons, And More Magazine Articles

Back on April 23, I named free digital editions of a number of FMG Publications (American COP, American Handgunner, GUNS Magazine, and Shooting Industry) as the “Resource Of The Week.”

This week’s ROTW nomination is along those same lines. From the website of New York City-based Harris Publications, Inc.:

Harris Publications is one of the nation’s largest special interest media companies operating over 75 brands with print, digital, mobile and live event platforms…

Their offerings include the following magazines/media:

AK-47 & Soviet Weapons
• American Frontiersman
Ballistic
BlackGuns
Combat Handguns
• Complete Book Of Guns
• Complete Book Of Handguns
• Concealed Carry Handguns
• Glock Autopistols
Gun Annual
• Gun Buyer’s Annual
• Gun Buyer’s Guide
Guns & Weapons for Law Enforcement
Guns Of The Old West
• The New Pioneer
Military Surplus
• Personal & Home Defense

• Personaldefenseworld.com
• Pocket Pistols
• Realworldsurvivor.com
Special Weapons For Military & Police
• Survivor’s Edge
Tactical Weapons
The Complete AR Rifleman

Now you see those titles in bold? Harris Publications allows free access to selected articles within these publications. This includes many pieces on a number of topics from both current and archives issues, such as:

• “12 Products That Will Enhance Your AK Rifle” (AK-47 & Soviet Weapons)
• “46 Everyday Carry Items in 3 Different Setups” (Ballistic)
• “Primed For Perfection: Building a Combat-Ready, Custom AR” (BlackGuns)
• “13 Entry-Level 1911 Pistols Under $800 For Home Defense and Range Training” (Combat Handguns)
• “How To Choose The Right Pocket Pistol For Self-Defense” (Pocket Pistols)

Looking for some reading material over the long holiday weekend? Head on over to Harris Publications’ Tactical-Life website here, making sure to select “See Current Issue” of the magazine you’re interesting in reading to access the free articles.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: Link added to “Resources” page)

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Signs Of The Time, Part 85

Monday at lunch I finally got the chance to read my Sunday paper. From the Chicago Tribune “Perspective” section, in the part entitled, “Voice Of The People”:

Do not allow silencers

I cannot believe that there is serious consideration to permitting gun silencers to be used by gun owners in Illinois. Anyone with an ounce of common sense will recognize that guns with silencers are the weapon of choice for assassins, terrorists and murderers. What would happen if a nut entered a school and starting shooting randomly with such a weapon? No noise to alert the rest of the teachers and children?

Two things came to mind when I saw the above:

1. The author has quite an imagination.

2. Yet another argument leaning heavily on emotion (plea for “common sense” is often a giveaway), but devoid of facts.

Emotionally-driven arguments. Very much a sign of the time.

But now the facts on this subject.

An ABC7 Chicago I-Team Investigation recently looked into suppressors as legislation legalizing such devices has been introduced in the Illinois House (HB0433) and Senate (SB0803). Chuck Goudie reported on the ABC7 website on April 30:

Silencers used by criminals on TV and in movies; this is how most people know of the device.

Sponsors of a bill to make them legal in Illinois say the Hollywood interpretation is pure fiction…

A 2007 study found silencer use in crime is rare…

(Editor’s note: Bold added for emphasis)

“Guns with silencers are the weapon of choice for assassins, terrorists and murderers.”

Whatever you say.

And all those “assassins, terrorists and murderers” will be lining up for silencers if they’re legalized in Illinois, right?

As I blogged back on February 11:

Firearm suppressors (or sound suppressors and silencers as they’re also known) are highly-regulated in the United States. J. Guthrie reported on the Guns & Ammo website back on May 13, 2012:

If you lived in Scotland, they would be required for hunting. If you lived in Finland you could saunter down to the local gun shop and buy one over the counter—one more reason to like Finland. In the U.S., suppressors are regulated by the National Firearms Act and you have to first make sure they are legal in your state, fill out a federal form and send it, a couple of photos and some fingerprints into the BATFE for approval. Once approved—the process can take six or seven months—the BATFE sends you a little stamp and some paperwork and you can take possession of the suppressor from you dealer. There are legal considerations for interstate transportation and transferring the suppressor too…

Just like most felons don’t acquire their firearms lawfully, neither will they be obtaining suppressors legally- particularly in a highly-regulated environment like the one that currently exists.

Fears of a proliferation of legally-manufactured, lawfully-obtained suppressors among the bad guys in the “Land of Lincoln” are unfounded.

As for the “Voice Of The People” on these devices? I sure as hell hope it isn’t.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Goudie, Chuck. “Are Gun Silencers A Threat To Safety?” ABC 7. 30 Apr. 2015. (http://abc7chicago.com/news/are-gun-silencers-a-threat-to-safety/689952/). 18 May 2015.

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Jim Rogers ‘Still Waiting’ For Gold Buying Opporunity, ‘My Positions Are In Asia’

Daniela Cambone of Kitco News recently spoke to well-known investor, author, and financial commentator Jim Rogers. The former investing partner of George Soros in the legendary Quantum Fund shared the following with Kitco News viewers on April 30:

I’m bullish on the Chinese market, that’s my largest country. My largest stock positions are in Asia- China, Japan, Russia is becoming bigger and bigger. So my positions are in Asia. China is going to have some problems eventually. Looks like a bubble may be developing in its stock market, and if that happens obviously it will pop someday. You’re going to see some more real estate bankruptcies in China. There’s a lot of debt build up-in China. But at the moment I’m still there. I even bought more last week

I’ve mentioned China. I mentioned Japan. Russia- I’ll probably buy more Russia today. If I weren’t talking to you I might be buying Russia right now. These are the sorts of things where I’m looking and am putting more money.

(Editor’s note: Bold added for emphasis)


“Gold Buying Opportunity Has Still Not Come – Jim Rogers | Kitco News”
YouTube Video

As Kitco deals in precious metals, it was only natural that the topic of gold came up in the discussion. Singapore-based Rogers had this to say about now being a buying opportunity for the yellow metal:

Well, the opportunity has not come as far as I’m concerned. I’m still waiting.

(Editor’s note: Bold added for emphasis)

The Chairman of Rogers Holding started to say “Sometime in the next year” before offering this up to viewers:

I have no idea. I’m very bad at market timing.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Marc Faber Recommends Equities, Real Estate, Precious Metals To Counter Stock Market Plummet

Swiss-born investment advisor/money manager Marc Faber was on the CNBC TV show Trading Nation yesterday. Speaking by phone, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report reminded viewers of the stock market correction he’s been predicting for some time now. Dr. Faber said:

I think that the market is in a position where’s it’s not just going to be a 10 percent correction- maybe first goes up a bit further. But when it comes it will be 30 percent or 40 percent minimum.

Famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis, Faber added:

I’m not short the market yet.

Nevertheless, it sounds like the “crash prophet” is prepared. “Dr. Doom” shared with viewers:

I don’t want to be 100 percent in cash for the simple reason that I don’t trust governments, and I don’t trust banks. So I want to own some equities, I want to own some properties, and I want to own some precious metals. And when we talk about stocks, the only group that stands out as great value around the world are gold mining shares.

Faber went on to talk about gold stocks more in-depth.


“Marc Faber talks protection strategies”
CNBC Video

Later on in the show, Dr. Faber added:

If I look at the ignorance of central bankers, and their recklessness of printing money from the U.S. to the ECB to Japan to the Bank of England, I want to own some precious metals.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Peter Schiff Advises Americans, Greeks: ‘Don’t Hold On To Dollars, Just Like You’re Not Going To Hold On To Drachma’

Tuesday, the CEO of Euro Pacific Capital, Peter Schiff, compared Greece’s financial situation with what’s going on in the United States. From his April 14 SchiffGold “Gold Videocast” entry on YouTube.com:

The only difference between Greece and the United States is the perception of our creditors. Because we are just as broke. We have borrowed more money than we can repay. Not only have we borrowed it like Greece, and we owe over $18 trillion when it comes to the national debt- the bonds that have been issued where we actually owe principal and interest payments. But just like Greece politicians, American politicians have made all sorts of promises to everybody to get votes. And there’s nothing that’s going to stop the U.S. government from repaying its commitments in worthless money. Just like there’s nothing that’s going to stop the Greeks once they get the Euro out of the way, and go back to the drachma…

And when the dollar collapses, and prices skyrocket, it’s not going to do any good if the government kept its promise in money that doesn’t buy anything. So I would give the same advice today to Americans as I would for Greeks:

Don’t hold on to dollars, just like you’re not going to hold on to drachma. Turn your dollars into something else, something of real, tangible value, that the government can’t create out of thin air. And I think the best choice would be gold. Gold or silver can retain their purchasing power in the face of government default through inflation.


“Greece and the Euro Breakup; Why the US Dollar Is Facing an Even Bigger Crisis”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Jim Rogers Still Bullish On Russian Stocks

Despite the near-constant stream of bad news coming from the mainstream financial media about Russia these days, well-known investor, author, and financial commentator Jim Rogers appears to still be bullish on Russian stocks. Yelena Orekhova and Olga Popova reported on the Reuters website Monday:

Now may be the time to invest in Russian shares because oil prices have hit bottom and the Russian stock market is rising, veteran U.S. financier Jim Rogers said on Monday.

“I’m very optimistic about the future of Russia,” he told a conference in Moscow arranged by investment firm BCS. “Certainly one of the most attractive stock markets in the world these days for me is Russia.”

(Editor’s note: Bold added for emphasis)

Orekhova and Popova added:

Russia could now be “the right place at the right time” for investors, he said. His own portfolio consists largely of Russian shares, he said, among them fertiliser company Phosagro , airline Aeroflot and the Moscow Exchange.

The country’s economic downturn may make it an unlikely investment prospect, he said, but he was optimistic the stock market was going to rise more

(Editor’s note: Bold added for emphasis)

Regular readers of Survival And Prosperity might recall the former investing partner of George Soros having been bullish on the aforementioned Russian equities for some time. I noted back on November 25, 2014:

Izabella Kaminska reported on the Financial Times (UK) daily news and commentary blog today:

Russian investments now include stakes in fertiliser maker Phosagro, airliner Aeroflot, a Russia ETF and the Russian stock exchange, but he said was looking to expand into different sectors as well…

(Editor’s note: Bold added for emphasis)

According to that Reuters piece:

He also recommended buying short-term Russian treasury bills for investors with a one-year horizon.

(Editor’s note: Bold added for emphasis)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Source:

Orekhova, Yelena and Popova, Olga. “US financier Rogers says now may be time to invest in Russia.” Reuters.com. 6 Apr. 2015. (http://www.reuters.com/article/2015/04/06/russia-crisis-stocks-idUSL6N0X311W20150406). 6 Apr. 2015.

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Robert Shiller: ‘I Think Now Could Be A Good Time To Invest In Oil’

Yale economics professor Robert Shiller spotted the U.S. housing bubble last decade and the dot-com bubble a few years earlier. And these days, the “crash prophet’s” observations have led him to think crude oil may be a good investment. According to an Agence France-Presse article from March 23:

Asked how he would invest his money, Shiller replied: “It’s difficult. But I think now could be a good time to invest in oil or in a rise in oil prices,” he said.

“Prices are very low and there are a lot of reasons to assume that they won’t stay low. That’s what I’ve bet on,” Shiller said…

(Editor’s note: Bold added for emphasis)

Dr. Shiller repeated his belief that European stocks were more reasonably priced than U.S. equities. From the AFP piece:

Shiller said European stocks, including German stocks, were still a bargain, compared with US stocks.

(Editor’s note: Bold added for emphasis)

I blogged back on February 19:

The Nobel Prize-winning economist was on CNBC’s Squawk Box TV show Wednesday and talked equities (among other things) with Becky Quick, Andrew Ross Sorkin, and Brian Sullivan. From their exchange:

SHILLER: The things that is really striking- and maybe not today- is the low-level, long-term interest rates. It is just stunning how low they have gotten. Recently, the 30-year TIPS real rate was at half-a-percent. That’s incredible for 30 years. And that is pushing the stock market up. But it’s not the kind of euphoria that we saw notably in 2000.
SORKIN: What percentage do you have in equities?
SHILLER: It’s about half.
SORKIN: Half?
SHILLER: Yeah.
SORKIN: Have you changed it recently? Will you change it?
SHILLER: Yeah. I’m thinking of getting out of the United States somewhat.
SORKIN: You are?
SHILLER: Yeah. I think Europe is so much cheaper.
SORKIN: And you’d buy big multinationals based in Europe? You’d buy smaller companies in Europe? What would you do?
SHILLER: Well, what I have done is I’ve invested in Italy indexes. Spain index.
SORKIN: Are you hedging currency?
SHILLER: No, I’m not.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Source:

“ROBERT SHILLER: It’s not euphoria driving this stock market boom- it’s fear.” Agence France-Presse. 23 Mar. 2015. (http://www.businessinsider.com/afp-fear-behind-current-stock-market-highs-nobel-laureate-2015-3?utm_source=gatehouse&utm_medium=referral). 28 Mar. 2015.

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Lord Rothschild Warns ‘Geopolitical Situation Perhaps As Dangerous As Any We Have Faced Since World War II’

Jacob Rothschild, or 4th Baron Rothschild Bt, OM, GBE, FBA, as he’s known across “the pond,” has issued a warning to investors in RIT Capital Partners, an investment trust chaired by the 78-year-old banker. Lord Rothschild wrote in the £2.3 billion trust’s 2014 annual report (Report & Accounts for the year ended 31 December 2014) under “Chairman’s Statement”:

Our policy has been clearly expressed over the years. Simply put, it is to deliver long-term capital growth while preserving shareholders’ capital; the realization of this policy comes at a time of heightened risk, complexity and uncertainty. The economic and geopolitical environment therefore becomes increasingly difficult to predict.

The world economy grew at a disappointing and uneven rate in 2014 after six years of monetary stimulus and extraordinarily low interest rates. Stock market valuations however, are near an all-time high with equities benefiting from quantitative easing. Not surprisingly, the value of paper money has been debased as countries have sought to compete and generate growth by lowering the value of their currencies – the Euro and the Yen depreciated by over 12% against the US Dollar during the course of the year and Sterling by 5.9%. The unintended consequences of monetary experiments on such a scale are impossible to predict.

In addition to this difficult economic background, we are confronted by a geopolitical situation perhaps as dangerous as any we have faced since World War II: chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union.

However, in a world of zero or even negative bond yields, equities may well remain the destination of choice for investors. Furthermore, the majority of companies are reporting profits exceeding forecasts together with steady earnings growth. In Europe, the combination of a more competitive Euro, an aggressive programme of quantitative easing and the yields available on equities, may well lead to even higher valuations…

(Editor’s note: Bold added for emphasis)

In 2012, it was reported the elder member of the Rothschild banking family took a $200 million position against the euro.

You can read the entire report on RIT Capital Partners website here (.pdf format).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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U.S. Troops Being Deployed To Ukraine By End Of Week

On Monday, a U.S. Army brigade commander confirmed in a think-tank discussion that American troops were being deployed to the Ukraine later this week. While attending a Center for Strategic & International Studies event in Washington, D.C., yesterday, Colonel Michael L. Foster, Commander of the 173rd Airborne Brigade, told attendees:

As we have worked in Operation Atlantic Resolve, the U.S. Army has brought regionally-aligned forces forward to Europe to participate in that and to take part in it. So initially, 1st Brigade, 1st Cavalry Division came over last fall. They relieved us and took up responsibility for Atlantic Resolve. They have since been replaced by the other brigade combat team that’s in Europe that has the mission right now. And now that we are in the month of March we are going to change the mission again. 1st Brigade of 3rd Infantry Division will be picking up some of the responsibility for Atlantic Resolve. We’ll be putting elements of the brigade back forward toward that mission. And then additionally as we continue to look forward, we- we meaning U.S. Army Europe and the European Command- we are expanding Operation Atlantic Resolve further to the south. And so Poland and the Baltic States- they’re what we’re now referring to as Operation Atlantic Resolve North. And here later this month we’ll be sending forces to Romania, Bulgaria, and what we’re going to be calling Operation Atlantic Resolve South. And that has the potential this summer to expand to include potentially Hungary, potentially Georgia, at some point in time the Czech Republic. And so by the end of the summer you could very well see an operation that stretches from the Baltics all the way down to the Black Sea. So geographically, you connect countries. You will see a line of deployed U.S. troops. And then very specifically for the brigade, here before this week is up, we will be deploying a battalion-minus from the brigade I’m a part of to the Ukraine to train Ukrainian forces for the fight that’s taking place in the eastern portion of their country. So, very unique- a separate event from Atlantic Resolve that kind of certainly tied into deterring Russian aggression.

(Editor’s note: Bold added for emphasis)

Colonel Foster added later:

We are training national guard companies with our companies. So we have got them paired up. A U.S. company with a Ukrainian company is the primary avenue for conducting that training. Initially, the plan is to go for 6 months. So through the October timeframe. There have been discussions about how to expand both the duration of that event and the scope. You know, there are other things the U.S. can assist with from a military perspective… So right now what we have got laid out is 6 United States companies that will be training 6 Ukrainian companies throughout the summer, and we have got 3 battalion headquarters elements aligned with 3 Ukrainian battalion headquarters elements to work at that level. But really, nothing above battalion staff level at all.


“Relooking Europe: The Role of Land Forces”
(Eastern Europe/Ukraine deployment discussion really begins @ 13:27)
YouTube Video

Last week, Britain announced it was sending 75 military advisers to train Ukrainian army personnel.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, March 3rd, 2015 Europe, Foreign Policy, Government, Military, War No Comments

Chicago-Area Shopping Malls Targeted By Terrorists?

Muslim extremists are calling for terror attacks directed against Western malls. From the website of Chicago CBS affiliate Channel 2 Saturday night:

A terror group with ties to al-Qaeda released an online video Saturday appearing to call for attacks on Western malls, including at least one U.S. shopping center.

There is no credible, serious threat to a location in the Chicago region, but CBS 2’s Chelsea Irving reports one area police agency is taking the message seriously.

In the 75-minute video released Saturday, Islamic extremist group al-Shabaab calls for lone followers to attack Western targets.

The speaker specifically mentions the Mall of America in Minnesota. In the last five minutes of the video, the logo of Westfield shopping centers appears. The addresses in the video are for Westfield malls in England, but the speaker calls for attacks on any Westfield mall.

In the U.S., Westfield has 38 malls in eight states. Three are in the Chicago region: in Aurora, Skokie and Vernon Hills…

(Editor’s note: Bold added for emphasis)

Specifically, those Chicago-area shopping malls are Westfield Fox Valley (Aurora), Westfield Old Orchard (Skokie), and Westfield Hawthorn (Vernon Hills).

Keep in mind authorities say “there is no credible, serious threat to a location in the Chicago region.” Personally, I’d just as soon visit these three malls as any other these days, maintaining optimal situational awareness during those “shopping sprees.”

You can read the entire CBS 2 piece on their website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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