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Mark Wauck's avatar

Good to see Krainer on board with what I was saying yesterday. Of course, Putin gets the last say:

https://trendcompass.substack.com/p/europe-and-britain-at-the-precipice

The United States will be able to recoup some of her investment in Project Ukraine through new deals with Russia, but only on mutually beneficial terms. However, it is obvious that this is a much more attractive alternative for the United States: given Russia's massive resource wealth, the upside will be very considerable, with next to no downside risk. On the other hand, providing a security backstop for the European powers would come with a massive downside and with a very dubious upside ...

Absent a miracle, Ukraine is headed for total defeat and London and Paris for bankruptcy. At some point, the capital markets will recognize this for what it is and British and European bonds markets will collapse, along with their currencies.

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Ray-SoCa's avatar

The Russian general assassination was an attempt to destroy any negotiations between the U.S. and Russia. It’s telling me that Ukraine and their UK backers want the war to continue.

Pakistan’s military government has a habit of blaming everyone else for their stupid actions. Their goal was cause India to overreact, but not too much, in order to distract from their horrible economy. A rally around the Pakistani flag ploy. And since Pakistan has nukes, they feel safe poking India from India going too far. India’s response using water was unexpected.

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