TNT, PIR, Charles Ward and more Thursday Afternoon 8-27-2020
TNT:
Harambe: MoneyWeek: Why Vietnam is the star of Southeast Asia (8/27/20)
We have been gold bugs since 2001 (and still are). Another longtime favourite of ours is Vietnam. In 2005 we noted that it was Asia’s “other communist dynamo” (it still is). In 2007 the International Monetary Fund’s (IMF) chief economist referred to it as an “emerging China”. The IMF may have failed to forecast the global financial crisis in 2008, but that time it was on the money.
Vietnam piqued our interest because it seemed to be following in China’s footsteps with a ten-year delay. It embraced the free market in the mid-1980s, and since then has attracted attention as a cheap manufacturing base: wages are around a third of Chinese levels. It has also moved up the value chain as foreign investment and expertise has flooded in. Most Samsung smartphones are made there and it is a major electronics exporter.
There is also ample scope for consumption to expand given a demographic backdrop more favourable than China’s: almost 75% of the population are between 15 and 64. Annual GDP growth has eclipsed 6% over the past five years; GDP per head almost tripled between 2002 and 2018. It also seems to be coping pretty well with Covid-19. All this makes it the star of Southeast Asia, a region that many have written off as a perennial underachiever because recurrent political upheaval undermines solid economic prospects.
Thailand, the Philippines, Malaysia and Indonesia have certainly struggled over the past few years, but as Cris Heaton points out in this week's cover story, there is still considerable potential here if you tread carefully. Valuations in these emerging markets now seem to price in much of the recent turbulence.
A broader point to keep in mind about emerging markets is that they are usually touted as sources of fast growth. Their rapid development is certainly impossible to ignore: they have grown so fast that they make up around 60% of global GDP today, compared with 48% in 2005 (measuring GDP in terms of purchasing power parity, which takes into account differences in the cost of living). Industrialised countries’ share is 38%.
Still, several studies have noted that capturing emerging-market growth in equity returns often isn’t as easy as you’d think. Not only is there always the chance of political upheaval and economic mismanagement, but some of the fastest growers are often unlisted.
So it may be more helpful to think of emerging markets as a good source of income in the years ahead – especially now, with dividends in Britain and Europe butchered by the crisis. Emerging Asia looks most appealing in this regard. Growth tends to be brisker than in eastern Europe or Latin America (the latter is highly susceptible to commodity cycles), implying ample scope for dividends at least to keep climbing even if yields are not all that high.
It is the effect of compounding – the eighth wonder of the world, said Einstein – that makes reinvested dividends so crucial to healthy long-term returns. Cris looked at emerging Asia in a recent cover story and highlighted his favourite investment trusts to play the income theme: the Aberdeen Asian Income Fund (LSE: AAIF) and the Schroder Oriental Income Fund (LSE: SOI).
That reminds me: emerging Asia as a source of income is another theme we have liked since 2005. What goes around comes around. Solid investment ideas, like Chanel suits, always come back into fashion.
Courtesy of Dinar Guru
Frank26 A sovereign country does not exist unless it has a sovereign currency. It's that simple. It doesn't take a genius to figure that out. If you have a sanctioned currency you're not sovereign. It doesn't take a phi beta kappa to understand that. We told you the key word was "sovereign". All of a sudden two days later you see it everywhere coming out of Kazemi, from Pence, Trump. Everybody's saying the same word that we gave you as a key word...
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Excerpts From Ben Fulford:
Finally this week we can report multiple sources are talking about some sort of imminent financial reset. Pentagon sources say the Zionist-controlled SWIFT international bank transfer system has been taken down as the “Quantum financial system goes online.”
Two different Dragon Family sources also say massive funds are being readied for a campaign to fix the planet. We are reluctant to give specific dates, but many sources say something might happen as early as September. Given all the false alarms we have seen, believe when you see it.
“…there are growing signs of some sort of mind-blowing military move against the cabal, possibly as early as September, multiple sources agree.
“Of particular interest is a total blackout of satellites over a huge area of the South Atlantic. The story at the link below talks about some sort of “magnetic anomaly” that forces operators to shut down satellites going over the South Atlantic…. it is centered right on Buenos Aires, Argentina. Link
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Patriot Intel Report
PIR 08 27 20
We are looking for a new Gold Standard and this could happen quickly. Nixon took us off the Gold Standard with an announcement in the middle of the evening after business hours.
President Trump can do just the same- but opposite. He can just announce we are back on the Gold Standard. We know it is in the works.
Dr Jason Dean from The Revolution Network goes Live with Charlie Ward
Charles Ward: Premiered 7 hours ago
About minute 27:00
Charles Ward: The start of the domino effect started yesterday when the Iraqi Prime Minister (President) arrived back in Iraq after a trip to the US and the UK. You will not see that in the main stream media…you only find that from people who know.
He has gone back into his own country and he has fired his entire government. And he’s going to replace them with people who understand what Trump is doing.
The moment that is done the revaluation will start in Iraq….that will be the first domino. And when that falls that is when the rest will start to fall down. When the revaluation happens in Iraq this will be a beautiful sight….Iraq will be flooded with money and all those people who left because of the war …and being destroyed by evil forces, will rush back to help build their country and economy….They will not need money from the outside world because they will have plenty from their own people.
They won’t be dependent on America or Iran. They won’t be dependent on anyone.
When that starts to roll out- countries in Africa will start to follow suit. Once they have free energy from tesla systems and clean water there then all the violence and theft there will start. So much has been stolen from them by evil people by a very long time.