Editor’s note: Occasionally, we come across ideas that we simply have to forward to you. This one comes courtesy of our friends at Fat Tail Media. |
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Dear Reader, One year ago, we published what was then a controversial theory from Jim Rickards. He claimed COVID-19 had leaked from a lab. He also laid out the consequences of this claim. It entailed a dispute with China which could lead to a major trade war. And even reparations — in the form of a default on the US Treasuries that China owns. If you’re interested in such things, you will have seen the reaction to anyone in the mainstream who has dared to suggest such a theory. They were labelled pariahs. They were being ‘non-scientific’. They had ‘political agendas’. Despite all that, Jim Rickards didn’t care. And he’s maintained his position to this day. Only now, mainstream opinion is starting to turn… This from the UK’s Telegraph newspaper: ‘Over the last few weeks, however, it [the Wuhan lab-leak theory] has started to pick up some credibility. Intelligence agencies in the US and elsewhere are now investigating the possibility that Covid-19 was created in a Chinese laboratory, and leaked out either by accident or design, and for now President Biden is keeping an open mind on the issue. ‘Here is the important question for the markets, however, and one no one is thinking about yet: what if it is true? It would be the biggest shock to the global economy in decades. Why? Because governments would surely have no choice but to retaliate with sanctions and demands for full-scale reparations. ‘Chinese goods might suddenly be locked out of the global market, creating shortages and sparking a vicious cycle of inflation. Global trade would collapse. And the financial markets would crash as Chinese money was pulled out. ‘Even without full-scale retaliation, confidence in China would collapse. Paradoxically, it would cause far more damage than even Covid itself — and that makes it the biggest threat to economic stability right now.’ Well done, media… Better late than never. So, what are the investment implications for you, here in Australia? Watch this Jim Rickards’ Strategic Intelligence Australia special presentation to find out. Regards, James Woodburn,
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