Force Majeure…It Begins in Kuwait

In Case You Missed it, Kuwait declared Force Majeure in the wake of the US seizure of an Iranian cargo vessel, escalating tensions in the Persian Gulf.

The Reader’s Digest version of Force Majeure is simple… “an unexpected and disruptive event that may operate to excuse a party from a contract.”

 

In Layman’s terms:  Trading can be stopped in a stock or commodity (COUGH! Gold/Silver, COUGH! COUGH!) and the issuer doesn’t have to honor their commitment.

READ:  Will Silver Boyz Declare Force Majeure? (HERE)

According to Reuters, Kuwait Petroleum Corporation has notified customers that it is invoking contractual clauses allowing it to withhold certain scheduled deliveries after the blockade hindered access to the Gulf.  

 

And so, it begins.

 

 Frankly, we’re not surprised.

And it’s a flagrant sign that, economically, things are going to get worse in the oil dependent countries (COUGH! Everyone in the World, Cough! Cough!).

This is a very dangerous precedent in that various other commodities (COUGH! Gold/Silver, Cough! Cough!) will eventually follow this path.

And please don’t tell us that Trump is once again, sending the three stooges to Pakistan to re-open negotiations on opening the Strait of Hormuz.

Because Iran’s Foreign Ministry has clearly said it has no plans for a new round of talks following the U.S. seizure of the vessel.

Even if they show up, they should be flying on a Pakistani flagged aircraft, just for some insurance, now that the precedent to assassinate leadership and negotiating teams during negotiations has been set…multiple times now.

Force Majeure

 

Kuwait’s enactment of Force Majeure begs the question:

What country is next?

 

We’re not predicting what country will be next.

But we’re simply trying to drive a point home.

To quote Sherlock Holmes:

“Come, Watson! The game is afoot.”

We have been criticized as being Trump haters.

We’re not.

And like many of you, we voted for him three times.

But it has become obvious to us that Trump seems completely unable to grasp the scale of the disaster that the world now faces due to Operation Impotent Rage.

 

 

The blowback and carry-on effects will be with us for years, even if it all stops right now (which won’t happen).

And the majority of the negative effects have not yet been felt here in the USA.

It will most likely get much worse.

In all truth we hope we’re 100% wrong and that Trump and Co. are “4D” chess masters and that the US manages to come out of this in a more advantageous position.

But we just don’t realistically see how that manifests itself without massive changes on how we diplomatically conduct ourselves on the world stage.

And the world stage is getting more vocal against our part in this disaster in the Middle East.

Starting wars of choice is never a good idea…especially if you can’t clearly win them.

As a result, you should be looking at ways to protect your investments to avoid getting caught off-guard, only to hear the Boyz responsible for this bellow out:

“I’m shocked I tell you…Shocked!  Who could have foreseen this happening?”

 

And now that “The game is afoot!” it’s only a matter of time before other dominoes start falling.

Learn how to protect your portfolios (HERE).

And share this with a friend…especially if they think we are winning or have won the war…for the 14^th time.  They’ll thank YOU later.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~