Guest: Dr. George Szamuely. We talked about the strengthening alliance between Russia and China (the Russia-China Convergence), the shock and concern expressed by US officials after recent meetings and comments by the Chinese and Russian leaders and about the American policy decisions and imperial adventures over the last few decades that made that convergence inevitable. We discussed the Shanghai Cooperation Organization, Brzezinski, McFaul and the long history of opposition to detente with Russia by factions of the US national security state. Then we talked about how this relates to Russiagate as well as recent developments in that arena.Continue reading “Ep 114 Russia-China Convergence feat George Szamuely”
Analyst and writer Tom Luongo returns to the show to talk about the economic and geopolitical implications of the current hybrid war between the US and Turkey and the broader war around it. We discuss the collapse of the Turkish Lira, dollar-denominated debt, how currency wars work, and the inertia of markets and traders. We also delve into the geopolitical lead up to this crisis — Turkey’s role in the Syrian war and a failed coup — both of which led to realignments and new allies that might result in an unusual rescue. Will Turkey employ a Russian formula for surviving sanctions and currency crises? Will it lead to an exit from NATO? Or will the old guard, Cold Warrior foreign policy establishment bring a defiant Erdogan back into the fold one more time?
Tom is former research chemist and a current staunch libertarian. His specialty is markets analysis informed by geopolitics. Tom currently publishes his blog, Gold Goats ‘n Guns along with a monthly investment newsletter focused on geopolitics, commodities and cryptocurrencies. His work is also featured regularly on sites like Zerohedge, Strategic Culture Foundation and Investing.com. FOLLOW Tom @TFL1728. Find his work at Gold, Goats ‘n Guns, Steemit and on YouTube.
Recorded on August 14, 2018. Music by Fluorescent Grey.
- Lira Collapse To Jump The Mediterranean, Tom Luongo, ZeroHedge
- BRICTS: Turkey Is Getting Off The US Reservation, Tom Luongo, ZeroHedge
- Five Pillars of Debt Default, Tom Luongo, Gold, Goats n Guns
- Turkey’s president: US waging economic war against Turkey, Associated Press
- Losing Faith Fast, Istanbul Merchants Throw in Towel on the Lira, Bloomberg
- Erdogan: How Turkey Sees the Crisis With the U.S., New York Times Op-Ed