A tale of two anarchies. [Altucher Confidential] February 27, 2023 [WEBSITE]( | [UNSUBSCRIBE]( We solved Antarctica. But we canât solve the situation in Ukraine. Why? The difference is leadership. [Hero_Image] Anarchy in Antarctica! (Ukraine Edition) By Jim Rickards URGENT: Your $557 Credit Is Now Available I am pleased to announce that you've got an immediate $557.00 credit for our research you can take advantage of⦠[Please click here immediately to learn how to claim this credit.]( **DISCLAIMER: Please note, this offer is limited to the first 1,000 that take advantage today** [Chris Campbell] CHRIS
CAMPBELL “He attacked us!” That’s what our colleague Jim Rickards said while recalling his recent expedition to Antarctica. If you’re looking for a relaxing vacation, go to the beach. If you’re thirsty for danger, few places will quench that thirst quite like Antarctica. Jim’s trip reveals only one reason why: the wildlife. On the Internet, leopard seals are known for their cuteness. The cats of the sea. But, like pufferfish, giant anteaters, and dart frogs… don’t let the leopard seal’s cute factor fool you. They’re notoriously aggressive. Recent evidence emerged that leopard seals in New Zealand attack and eat sharks. “They’ll eat anything they can get,” said Jim. “Including penguins. Even other seals.” Jim saw its aggressive nature firsthand. At one point, while traveling by zodiac -- those inflatable boats commonly used by the US military -- a huge leopard seal emerged and ripped a hole in the side. They even caught a photo of him: [image 1] “By the way,” said Jim, “what’s hard to tell from the picture is how big it is. This thing is, oh, easily nine feet long. I don’t know how much they weigh, but well probably into the seven, 800-pound range. Very nimble. But yeah, he’s not exactly smiling in our picture, he’s looking at us saying, ‘You’re next.’ “It’s an example of how vulnerable you are, how it’s their domain, not yours. You’re the visitor, you’re the alien. And there’s a certain amount of danger. This was not a cruise, it was an expedition. The difference is there’s an element of danger and you sign up for that.” With all eyes on Ukraine at the moment, Jim couldn’t help but reflect on the difference between the two places. Antarctica, he said, is a good example of politics done right. Ukraine is a good example of politics gone wrong. Apples to oranges? Perhaps not. Check out Rickards’ full piece -- where he reveals the real problem in Ukraine and how, historically, it relates to Antarctica -- below… And if you want to get in on Rickards’ BEST investment research -- at the best price possible -- check out what our customer service team has cooked up for you. As you may know, Rickards has spent the past couple of years preparing his readers for the calamities to come. If you’ve been following his advice, you know that he’s been lightyears ahead of the herd when it comes to geopolitics (and, yes, [geoeconomics](. Years ago was the best time to start following Jim. The second-best time is now. But beware. This deal -- a $557 discount -- expires tomorrow night. So if you’ve been sitting on the fence, now is the time to act. [Click here for all the details from our customer concierge, Cassandra Fox.]( And read on. Attention! Before You Read Any Further⦠[Click here for more...]( Hey, itâs James. Before you read any further in todayâs issue, an urgent situation needs your immediate attention. If you donât plan on claiming this upgrade to your Altucherâs Investment Network subscription, youâre missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. Iâm taking Altucherâs Investment Network to an entirely new level and Iâd hate to see you left behind. [To see how to claim your upgrade, just click here now.]( Anarchy in Antarctica! (Ukraine Edition) Jim Rickards Antarctica is not a country. It is a continent in the geological sense, but it is not a country, just not, and nobody’s in charge. I’m not an anarchist, but I do believe in limited government. But it was kind of cool to be in a place where nobody was in charge. We had a captain. He was in charge of our boat. We had some rules, but not too many. One thing that struck me: There are no weapons in Antarctica. There are no military bases, there’s never been any kind of nuclear tests, no nuclear waste is disposed of. There’s no mining, either. I invest in mines. I talk about mining investment opportunities to my readers all the time.
Antarctica is an outlier. Is it possible that there are enormous, enormous potential reserves of oil and natural gas and gold and silver and strategic minerals and titanium and who knows what in Antarctica? The answer is yes, that’s entirely possible. Probably likely, but it is not being explored. There are no mines, there are no wells, there are no windmills, other than a little weather station here and there. And I thought, Why aren’t major powers, China, U.S., Russia, or others, Argentina and Chile, Australia, which are closer geographically? The answer is surprising given what’s happening in Ukraine. The Antarctic Treaty In 1961 12 countries signed a treaty. It was called the Antarctic Treaty. It was actually proposed by the Eisenhower administration in 1959. There was a conference called the Washington Conference on Antarctica, which met from October 15th to December 1st, 1959. The treaty was signed by all 12 countries that had an interest in this. Each country had their own ratification process. The United States ratified it on June 23rd, 1961, and it’s been enforced ever since. So that’s 62 years. The main treaty said that Antarctica would be used for peaceful purposes only. The treaty prohibits, “Any measures of a military nature such as the establishment of military bases and fortifications, the carrying out of military maneuvers, as well as the testing of any type of weapons.” Nuclear explosions and disposal of radioactive waste in Antarctica are strictly prohibited. And the main goal is scientific research, which should be encouraged and continue with results shared with the world through publication and collaboration. And that the legal status quo of the Antarctic continent would remain unchanged. The last provision is interesting, because the legal status quo of the Antarctic continent is unknown. You had bitter enemies -- like the Soviet Union and the US -- sign it. Bitter enemies signed it. And it worked brilliantly. Here you have a continent, not a country or an island, a continent about the size of Australia, completely dedicated to peace, economic research, sharing, non-confrontation, non-conflict, no militarization, no weapons testing, no nuclear waste disposal, et cetera. There are now 55 countries that are signatories to this treaty in addition to the total after the 12 that started it. Compare that to what’s happening in Ukraine. Ukraine Should Have Never Happened In the context of Ukraine, because that’s the biggest war going on, Ukraine is a war that never should have started, never should have happened. It goes back at least to George Bush, who started it in 2008 when he said Ukraine should be a member of NATO. And Putin warned the United States over and over again, 2008, 2014, the U.S. CIA and British MI6 ran a coup to put in a pro-U.S. puppet government. And then again after the Russians, next Crimea, all the way up to 2022 when the invasion began Putin said every time, “Cut it out.” He didn’t say, “I’m going to invade Ukraine.” He said, “Ukraine cannot be part of NATO.” But the U.S. kept pushing that. Apples to Oranges? Maybe Not. We solved Antarctica. But we can’t solve the situation in Ukraine. Why? The difference is leadership. Eisenhower was a very pragmatic individual. No one thinks of Eisenhower as an ideologue. You think of him as a pragmatist, like, “Hey, how do I get this done?” Kennedy was a little different, but likewise. I mean, he was a guy who got run over by a Destroyer in World War II, had to rescue his man and survive on an island that was not occupied by the United States, etc. They had seen enough and they knew the benefits of this. And they said, “Okay, maybe we’re going to argue with the Soviet Union about nuclear weapons, but that has nothing to do with Antarctica. We can do something in Antarctica, even though we disagree about everything else.” That’s pragmatism, that’s vision. And we don’t have that today. We Lack Leadership We don’t have the leadership. Biden is obviously mentally impaired. He’s being run by his wife, which is even maybe scarier and a cabal in the White House. And Putin is much smarter, much sharper. But he’s a man on a mission, which is he considers NATO, making Ukraine part of NATO to be an existential threat to Russia. And I think he’s right about that. He’s looking at a map and seeing where Ukraine is. The difference between Antarctica 60 years ago and Ukraine today from a political point of view is leadership. Do you want peace? Do you want collaboration? Do you want to make some concessions, or do you want war? Unfortunately, we have a crew that wants war. Best, Jim Rickards
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