Venezuela Proxy War Ramp Up, por Steve Hanke

Venezuela Proxy War Ramp Up | Steve Hanke

Por: James Anderson

Silver and gold had solid weeks in positive price action.

The silver spot price appears to be closing at or just below the $16.00 oz level.

The spot gold price rose about $20 over the week, closing near the $1320 US dollar per troy ounce level.

As mentioned last week, we have a returning guest who took time to discuss the ongoing proxy war ramp up in Venezuela.

What does this former advisor the 1990s Venezuelan President have to say on the matter.

Who are the proxy war players? What are their interests?

How have seemingly endless sanctions by the Trump regime affected the intensifying situation?

Other topics include our guests actual policy prescriptions for failing fiat currency states. He has a track record of success in this department.

Is this merely Latin American US imperialist policy ongoing?

What’s Russia thinking? We end this discussion covering larger picture China ahead.

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Welcome to this week’s metal and markets wrap, I’m your host James Anderson of SD Bullion.

With us this week a returning recent guest to this bullion related podcast: Professor Steve Hanke, Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

We spoke about a month ago, and as I told you in one of our prior correspondences, I did not think we would come back to you so soon. But this latest major news in Venezuela (involving Russia by proxy) brought this call on.

Professor Steve Hanke is a leading expert on the subject of hyperinflation, ongoing hyperinflation data. Professor Hanke has been an adviser to 5 foreign heads of state and 5 foreign cabinet ministers. He also served on President Reagan’s Council of Economic Advisers.

Mr. Hanke even worked first hand with the then Venezuelan President Rafael Caldera in 1995 and 1996 before Hugo Chavez took over in 1999.

I’d like to start with the larger picture here if we could.

Following World War 2, Venezuela was one of the most prosperous nations the region had. Things began to change for arguably the worse in the 1970s and 1980s.