D.R. on Varney & Co.: Trade and Currency Wars Are the First Step…

On my weekly appearance on Varney & Co. yesterday, many concerns for the market came up. I couldn’t emphasize enough that the analysis saying a U.S. recession is imminent in the next 9 months, I simply don’t buy. Instead, we can expect within that time frame a global economic recession of that level. While that may sound worse, the U.S. will actually be the best off compared to the rest of the world. See the video below for more details.

So while the trade and currency wars are of real concern, that’s not the only front in which China has become a threat. My associate Dr. Kent Moors, a former high ranking intelligence officer and advisor to the highest levels of the U.S. government has informed me of China’s increased militarization of the South China Sea putting not only their neighbors on alert, but U.S. soldiers stationed there. For the past several years, China have been occupying a chain of the Paracel Islands and from there Beijing has been upgrading facilities in the region… deploying surface-to-air missiles, building 20 hangars at the airfield, upgrading two harbors and performing substantial land reclamation. Escalating aggression from the Eastern Superpower has everyone in the intelligence community on guard. Especially when it comes to the country’s newest armament. A weapon that can bypass every defensive measure of US Aircraft Carriers in the vicinity, taking them off the board entirely… Read more.

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