Gromen Warns Markets Will Be Locked 2-3 Weeks, Dubai Oil Nears $100, Russia Targets Ukraine Leadership
Today's Digest covers US fiscal crisis and gold, Bessent reforms, food risks, Baltic shipping rates, LNG and oil markets, Russian strike on Ukraine leadership, Norway ship seizure, GPT-6 AGI, and Clancy mistrial.
Source: Peak Prosperity
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DW NOTE
Luke Gromen predicts markets will freeze for weeks when large asset managers capitulate, then reopen at a radically different allocation. His example: Ukrainian savers who watched bank deposits go from five cars' worth of purchasing power to one month of groceries in 1998, while gold holders walked through intact. If Treasury Secretary Bessent did restructure the U.S. financial system in two August weeks by killing transparency rules, chartering a crypto bank, and forcing stablecoins into Treasuries, that would explain why a former intelligence analyst now sees all seven indicators of a currency crisis flashing red at once.