Oil is up, gold is up, bitcoin is up, the dollar is down, stocks are down. What they all have in common? We don’t know, but it could be tensions in the middle east.
A rocket apparently flew over Riyadh. It was intercepted. It was Yemeni rebels, Saudi forces say according to media reports.
Yemeni rebels is sort of proxy for Iran, which in turn might be seen as proxy for Russia. The timing suggests this might have something to do with Syria.
“Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and “smart!” You shouldn’t be partners with a Gas Killing Animal who kills his people and enjoys it!” President Trump says.
The lion is roaring, but appears conflicted. “Our relationship with Russia is worse now than it has ever been, and that includes the Cold War. There is no reason for this. Russia needs us to help with their economy, something that would be very easy to do, and we need all nations to work together. Stop the arms race?” Trump further says.
Something that would be very nice because why is there this animosity between Russia and the west anyway.
Yes, Russia has done things, the west has done things, but we’re talking war and peace here not school-ground squabbles. So if there was such chemical attack then maybe Russia should join in reprimanding as the planned strikes appear to be limited to deterrence.
Now evidence in these matters can be a fickle thing, but Macron, the French president, says he has such evidence according to the BBC:
“We have proof that last week chemical weapons, at least chlorine, were used by the regime of Bashar al-Assad…
France will not allow any escalation that could harm stability in the region, [but] regimes that think they can do everything they want, including the worst things that violate international law, cannot be allowed to act.”
Strikes therefore appear underway, but the timing is unclear, with Trump seemingly weighing the biggest decision in his Presidency so far:
“Never said when an attack on Syria would take place. Could be very soon or not so soon at all! In any event, the United States, under my Administration, has done a great job of ridding the region of ISIS. Where is our ‘Thank you America?'” Trump says.
The people do send thanks because cultural tensions were getting far too high, but it does appear some would rather the war keeps on forever.
We’d far prefer it ends, instantly. We’d rather believe a roaring 20s is coming, and we’d rather enjoy at least a decade of peace after two decades of war!
But how does it end? Well, maybe Trump should meet Putin? Perhaps the arbitrary border lines laid out by last century’ powers need to be revisited by this century’s great powers?
Not that it is our business to say how it should end, but if we do speak for the people, and we think we do to some extent, then their order is probably we don’t care how it ends (within reason), just end the war.
Because if they don’t, Trump might not politically survive the next election, and in Britain Corbyn might gain power. All leading to uncertainty and a mini-flight to safety.
The spike, of course, might not be related, but cryptos do have that quantum quality of sort of being a safe haven while also sort of being highly risky.
Because they are usually very limited in quality or with a pre-determined insignificant inflation rate, they act like gold. Therefore might be an attractive place to park your money.
On the other hand, because they are still a very new asset class with quite some room for potential growth and some growing pains too, and as some like ethereum do have a sort of stock market of its own in ICOs, they attract quite a lot of speculation, making them very volatile.
So at times they correlate with the stock market, at times they correlate with gold, and at times they just do their own thing.
Making them potentially benefit from external events, including geopolitical events such as Syria, while also not being fully affected by them in that cryptos have their own paradigm of sorts.