US Defense Secretary issues chilling warning on NATO's looming war with Russia
As geo-political tensions heat up, gold reaches new highs with oil closing near $80/bbl.
As Russia continues to make progress in Ukraine, US Defense Secretary Lloyd Austin has issued a chilling warning.
The Express newspaper posted the following:
“NATO could be dragged into a war with Russia if Vladimir Putin's forces are not stopped in Ukraine, Defense Secretary Lloyd Austin warned.
Speaking at a Republican-led House Armed Services Committee hearing yesterday (Thursday, February 29), Austin said he believes Putin will not stop if Ukraine falls and Russia wins the war. This would mean NATO will almost certainly be drawn into conflict if Kyiv is defeated by Moscow's forces, he added.
Austin told committee members: "We know that if Putin is successful here, he will not stop. He will continue to take more aggressive action in the region."
The Secretary of Defense warned that other despots would be emboldened by a Putin victory. "Other leaders around the world, other autocrats, will look at this and they'll be encouraged by the fact that this happened and we failed to support a democracy," he said.
Austin then offered his chilling warning that NATO will almost certainly be dragged into a war with Russia.
"If you're a Baltic state, you're really worried about whether or not you're next," he said. "They know Putin, they know what he's capable of ... And quite frankly, if Ukraine falls, I really believe that NATO will be in a fight with Russia."
—Source: https://www.the-express.com/news/world-news/129654/nato-russia-war-lloyd-austin-usa
As noted in my article last week, titled, “$5,000/oz Gold, $300/bbl”, forces are converging that are pushing commodities higher, despite the Fed’s attempts to stop inflation.
It seems the markets are finally starting to sniff this out. Gold is a whisper away from all time highs, closing at $2,092.10/oz, up more than 1.82% today. Oil has also been on a tear, closing just under $80/bbl up more than 4.1% in the last week.
With the threat of war looming, the inflation genie poking its head back out of the bottle and asset bubbles seemingly everywhere, “hard assets” such as Land, Gold, and Silver seem on the glide path higher.
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