With continued propaganda about the demise of China, the reality is that the U.S. is at China’s mercy as they lead the way to a New World Order.  This is also important for the gold market.

Stephen Leeb:  “The mantle has been passed – or more precisely, the mantles have been passed. For President Trump’s ascension to the highest position in the free world marks a change on several levels: in who’s in charge in Washington and in who will lead the world…

“America first” was one of the rallying cries of Trump’s campaign, and it was front and center of his inaugural address. Aspiring to world leadership has been superseded by the goal of making sure the U.S. gets its fair share of jobs. The risk is that this new ethos could have repercussions that utterly preclude its success, by creating more obstacles than ladders to rising prosperity. 

Yes, of course, there is chance – and we should all pray for it – that Trump will succeed. But there’s also a chance that the Trump presidency will end up a coda for the American way of life. This makes it more urgent than ever that you protect yourself with investments in gold and gold-correlated assets that will ensure your financial survival and prosperity in these highly uncertain and like very tumultuous times.

Trump is voluntarily surrendering two world leadership roles: in climate change and in world trade and inter-country investments. And there are good reasons to think that by ceding these positions of leadership to our greatest rival, China, he will be hastening the transition to a world in which real assets trump financial assets. This would leave the U.S. and the West in a major hole – but make investors in gold big winners, to adopt a Trumpian-style phrase.

kwn-leeb-i-1212017China – China!
By moving into a leadership vacuum in these two roles, China gains a free hand to accumulate and control the world’s supply of commodities without a whiff of censure. On November 10, Cassie Werber, a former reporter for the Wall Street Journal, published an article in Quartz with the headline: “With Trump as president, China – China! – will be the world’s biggest champion of fighting climate change.” Why should that concern Americans? One reason is that, as I argued in my 2011 book “Red Alert,” by championing the cause of fighting climate change, China gains an unassailable reason to accumulate finite and increasingly scarce resources, such as oil, copper, silver, and the like, that are essential to alternative energies that will be necessary to fill the gaps as finite resources such as oil, copper, silver, and the like become increasingly scarce. What country would accuse China of hoarding resources if it can point to its accumulation of them as essential to effecting clean energies? 

Simultaneously, as the world’s leading trader, China is creating relationships with all the countries that supply the resources that will allow the East to build a self-sustaining world for itself. Chinese pollution plays a role in this calculus, but my abiding view back in 2011 and today is that in terms of rating the threats to human existence, resource scarcities will increasingly loom as even more of a concern than global warming. Global warming may have dire consequences, but if resource scarcities become severe enough – making it impossible to obtain water, food, energy – it would spell the end of life on this planet.

It’s arrogant to think we have models that can accurately predict the world’s tempe….More Here