Bill’s commentary:
“Huge geopolitical ramifications …and NONE good for the US or the Dollar!”
Iran and Saudi Arabia have agreed to re-establish diplomatic relations and reopen their embassies within two months, according to Iranian and Saudi state media.
The agreement was reached on Friday during talks in Beijing.
Iranian state media posted images and video of Ali Shamkhani, secretary of the Supreme National Security Council of Iran, with Saudi national security adviser Musaad bin Mohammed al-Aiban and Wang Yi, China’s most senior diplomat.
“After implementing the decision, the foreign ministers of both nations will meet to prepare for an exchange of ambassadors,” Iranian state television said.
In the footage aired by Iranian media, Wang offered “whole-hearted congratulations” on the two countries’ “wisdom”.
Bill’s commentary:
“It’s taken only one year for interest rates to go from 17 year lows to 17 year highs? Again, what could possibly go wrong?”
‘When you have the central banks, and the people in the only fast-growing GDP countries, all buying gold, you’ve got the beginnings of something that should last for quite a while.’ Don Coxe. (1957- ).
Bill’s commentary:
“Every avalanche always starts with one last little snowflake …”
Some tech industry founders got emails from their venture-capital investors on Thursday urging them to move their money out of Silicon Valley Bank, according to people familiar with the matter, adding pressure to the already troubled firm.
Some entrepreneurs and venture funds themselves have already done so, opening new accounts on Thursday at other firms, including First Republic and Brex, to transfer money out of SVB, according to people familiar with the matter and documents reviewed by Semafor.
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