With Darrell Thomas was on 18 August, the morning before Trump met Putin in Alaska. That meeting did not change the context of this comprehensive interview.
You never fail to impress in these sorts of exchanges as with this one hosted by Darrell Thomas on VRIC Media. Well done and thank you for carrying on with your astute messaging.
As Sir Winston Churchill said in 1944, ‘the longer you can look back, the farther you can look forward.’ I remember my own struggles during the early 1970’s **inflation surge. I’ve decided to coin a term for us in the 2020’s - Aetas Intractabilis
Something must serve as the outlet for these [Aetas Intractabilis] pressures, and the most likely escape valve is the dollar itself. AMERICA’S TWIN DEFICIT TRAP CRESCAT CAPITAL AUGUST 23, 2025 RESEARCH LETTER https://www.crescat.net/americas-twin-deficit-trap/
** the Great Inflation, primarily caused by two major oil shocks, the Nixon price controls program lifting, legacy of loose monetary policy from the Vietnam War and Great Society spending… and the devaluation of the U.S. dollar (which is continuing in earnest).
Alasdair, what you said during the last five minutes was something new and very significant. When the US financial markets crash, the resultant crisis will likely cause selling of gold bullion and gold mining shares, just as it did initially in the 2008 meltdown. Both rebounded, but not until weak hands committed the unpardonable sin of liquidating. Brings to mind the old Wall Street saying “ when the paddy wagon comes, they take the good girls with the bad ones.”
Thank you for your continuing concerted efforts to educate us the unwashed.
Thank you Alasdair.
You never fail to impress in these sorts of exchanges as with this one hosted by Darrell Thomas on VRIC Media. Well done and thank you for carrying on with your astute messaging.
As Sir Winston Churchill said in 1944, ‘the longer you can look back, the farther you can look forward.’ I remember my own struggles during the early 1970’s **inflation surge. I’ve decided to coin a term for us in the 2020’s - Aetas Intractabilis
Something must serve as the outlet for these [Aetas Intractabilis] pressures, and the most likely escape valve is the dollar itself. AMERICA’S TWIN DEFICIT TRAP CRESCAT CAPITAL AUGUST 23, 2025 RESEARCH LETTER https://www.crescat.net/americas-twin-deficit-trap/
Kindest Regards,
Mark
https://lxvv.substack.com/
** the Great Inflation, primarily caused by two major oil shocks, the Nixon price controls program lifting, legacy of loose monetary policy from the Vietnam War and Great Society spending… and the devaluation of the U.S. dollar (which is continuing in earnest).
If no one really believes that the Russians are trying to restore the Soviet empire, why waste resources on military spending?
Alasdair, what you said during the last five minutes was something new and very significant. When the US financial markets crash, the resultant crisis will likely cause selling of gold bullion and gold mining shares, just as it did initially in the 2008 meltdown. Both rebounded, but not until weak hands committed the unpardonable sin of liquidating. Brings to mind the old Wall Street saying “ when the paddy wagon comes, they take the good girls with the bad ones.”
Thank you for your continuing concerted efforts to educate us the unwashed.
Respectfully,
Jim
Thank you Alasdair, the truth, the whole truth and nothing but the truth.