Weekly Weigh In: Mexicans are Feeling it, Putin in Alaska & Commodity Markets
Things are changing in Mexico. Quickly.
I heard from somebody in construction who was saying that there are ample jobs, but they are solely for government projects, or, public-private partnerships (yes, the WEF fascism has touched Mexico too). Worse yet, the Jewish President had introduced a major blow to the construction sector by now mandating a 30% down deposit on the estimated cost, effectively wiping out a considerable amount of small businesses fighting for these project contracts; now, only the very large construction companies are able to participate. From what crumbs are passed down to them, they demand a considerable cut (since they are now middle men on the projects).
It’s not only construction, medical labs are now enforcing longer work hours on their employees, also thought to be stemming frrom a governmental change. Another lawyer I have heard from was privately ringing the bell by saying that a dictactorship is legally forming in Mexico–I guess their sympathy towards Maduro was authentic. Perhaps most concerning for all is the dystopian biometric event being brought in whereby every identity document will have a facial scan, an iris scan, fingerprints and more. The access to this data will be held on a very insecure centralized government database that is just primed for identity theft leading to financial crimes and worse. Mexicans are currently thinking about a work-around. To them, this is a vaccine certificate fiasco all over again. This is serious for Open Door Consultancy clients
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Trump and Putin meet in Alaska. As expected, there was a big fat “we’ll see if we can come to an agreement; some things we agree, some things we disagree; he loves me, he loves me not” back and forth. However, I spoke with a Russian who gave me their thoughts on the meeting explaining that this was a win for Putin–but for different reasons as what you’re being told.
Some anti-Trump, Pro-Putin twitter accounts were articulating that Putin was badass for showing up to US territory for saying “next meet in Moscow” but my friend in Russia said this didn’t matter. What matters is that Putin had delayed more time for Russia to fully capture the Donbass region before negotiations could be complete. I believe that once these Russian-speaking territories are back in the posession of the Russians for security purposes, then Ukraine will be ripped from limb to limb between the Hungarians, Romanians, Americans, Brits and French for the resource deposits & minerals. Putin, knowing that Blackrock already owns this farmland is not worried about this, rather, he’s interested in ensuring that NATO cannot easily destabilize Eastern Ukraine as they had done before.
One of the hottest [soft] commodities out there is still…believe it or not…coffee (pardon the pun). Coffee is up a big 40% over the last year (beat only by sunflower oil) and 18% over the last month. I can speak to this as I have some friends in Costa Rica who are noting the shortage of farmers there producing coffee as a result of: a) old plants and little reinvestment capital for new plants b) lack of competent farmers as many had entered the United States under Biden & c) criminal groups emerging throughout Central America.
On the contrary, potatoes and orange juice have seen a major pullback ranging from 40-70% over 1YR. It feels like a lot of this newly created credit from 2020 is being flushed into each market, one by one, creating a set of waves.
Interestingly, when I first launched On The Ball I published an article regarding the forgotten commodity of platinum that is now the best performing commodity over the last year, just ahead of gold. The justification for this I argued had been the major supply constraints in the metal due to collapsing infrastructure in South Africa. This hasn’t received nearly as much coverage as gold, lately.
