Gold is a wildly volatile speculative asset so you can't measure the value of the money in terms of the amount of gold it can buy. If you look at the chart you have a period in a few years where… (View Post)

The unacceptability of NATO troops in Ukraine is the centre of Putin's argument for the invasion so I can't imagine him accepting that. (View Post)

That's nothing like Trump whatsoever. Saying X is out of context or misinterpreted is the way traditional politics is done. You keep one foot in the world of facts, but then you try to spin them… (View Post)

Compromise not always how wars end. I'm not even sure it's *usually* how wars end. Wars also end by one side losing. That's how WW2 ended (both the Germany part and the Japan part), an… (View Post)

The better accounts I follow are talking about weeks of attrition, they don't seem to be expecting anything spectacular in either direction. With attrition it's really hard to tell who'… (View Post)