Jim Willie, editor of the Hat Trick Letter, claims the UK gilt, Euro bond, and US Treasury bond are now considered impaired assets, with the Euro bond being the lowest on the pole. He warns that if the current war is not resolved within a month or two, an inflationary depression will explode, leading to economic collapse and mass bankruptcies. Willie also predicts food shortages in the US by October due to reduced planting and rising distribution costs. He discusses the geopolitical implications of Iran-China oil deals, the impact of rising diesel prices, and the strategic importance of UAE pipelines bypassing the Strait of Hormuz.
by:
Eric |
Wednesday, 29 Jul 2026, 16:05 |
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