For those of us who are betting on hard assets at this point in the credit cycle, it is fundamentally important that the money supply is rising. Globally, the money supply has been rising for some time, but the most important market, the United States, is now following suit and reporting positive m2 growth again for the first time in May. This is good news and it is fitting that an agreement has been reached on a reconstruction plan worth multi billions (if not trillions of Dollars) for Ukraine.

Ukraine will therefore remain an excellent credit pump in the future, which should confirm the investment thesis in Gold, Bitcoin and other related commodities. Main Street gets the inflation club pulled over its head. But the media will make sure that the inflation figures are watered down so that the skulls don't hum quite so badly. Cheers!