America still leads the world, but its allies are uneasy

Bloomberg/Nial Ferguson/6-17-2023

“On recent visits to Lisbon and Paris, I heard much discussion of American leadership. I was reminded of what Mahatma Gandhi supposedly said when he was asked for his view of Western civilization — that it would be a very good idea. I feel the same way about American leadership: It would be a very good idea.”

USAGOLD note: We’ve become accustomed to the mention of geopolitical tensions as a potential future driver of the gold price, but what that might mean remains distant and vague. In this deep dive, Ferguson assesses the current geopolitical framework. He worries about the fallout from the Rimland cracking and a developing global order of “separate silos”………