{"id":18887,"date":"2019-09-15T23:15:19","date_gmt":"2019-09-15T23:15:19","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=18887"},"modified":"2019-09-16T08:14:06","modified_gmt":"2019-09-16T08:14:06","slug":"the-defining-issue-of-our-time","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/15\/the-defining-issue-of-our-time\/","title":{"rendered":"The defining issue of our time"},"content":{"rendered":"<p>&#8220;This is the defining issue of our time. From the economic war, to the currency war, capital markets war, it will come with further and further exposure. The future of not just our country, but the peace and prosperity of the entire world is going to hinge on this.&#8221; &#8211; Steve Bannon<\/p>\n<p>Click here to view the video: <a href=\"https:\/\/twitter.com\/GlobalHimalaya\/status\/1172847462962405376\">Twitter\/GlobalHimalaya Project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;This is the defining issue of our time. From the economic war, to the currency war, capital markets war, it will come with further and further exposure. The future of not just our country, but the peace and prosperity of the entire world is going to hinge on this.&#8221; &#8211; Steve Bannon Click here to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/15\/the-defining-issue-of-our-time\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The defining issue of our time&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,29,34],"tags":[],"class_list":["post-18887","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-the-big-picture","category-us-canada-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The defining issue of our time - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The defining issue of our time - the patient investor\" \/>\n<meta property=\"og:description\" content=\"&#8220;This is the defining issue of our time. From the economic war, to the currency war, capital markets war, it will come with further and further exposure. The future of not just our country, but the peace and prosperity of the entire world is going to hinge on this.&#8221; &#8211; Steve Bannon Click here to &hellip; Continue reading &quot;The defining issue of our time&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/15\/the-defining-issue-of-our-time\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-15T23:15:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-16T08:14:06+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"The defining issue of our time\",\"datePublished\":\"2019-09-15T23:15:19+00:00\",\"dateModified\":\"2019-09-16T08:14:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/\"},\"wordCount\":67,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"articleSection\":[\"China &amp; HK\",\"The Big Picture\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/\",\"name\":\"The defining issue of our time - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2019-09-15T23:15:19+00:00\",\"dateModified\":\"2019-09-16T08:14:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/09\\\/15\\\/the-defining-issue-of-our-time\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The defining issue of our time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Taylor, professor of economics and finance at the University of California, Davis. They discuss the difficulty in identifying asset\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44581,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/09\/thoughts-on-israel\/","url_meta":{"origin":18887,"position":1},"title":"Thoughts on Israel","author":"Colin Twiggs","date":"October 9, 2023","format":false,"excerpt":"We express our sympathy for the people of Israel who have suffered a brutal attack from HAMAS and its backers. An act of such barbarity is bound to evoke a response and lead to further escalation of violence in the region. But that seems to be the intention. Martin Indyk,\u2026","rel":"","context":"In &quot;Middle East&quot;","block_context":{"text":"Middle East","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/middle-east\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63831,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/10\/baghdad-bob-predicts-war-will-end-very-soon\/","url_meta":{"origin":18887,"position":2},"title":"Baghdad Bob says War Will End &#8220;Very Soon&#8221;","author":"Colin Twiggs","date":"March 10, 2026","format":false,"excerpt":"Echoing his remarks from June last year, where he claimed \"Iran's key nuclear enrichment facilities have been completely and totally obliterated,\" President Trump predicted that the war in Iran would end \"very soon\" and that oil prices would drop. \u201cWe\u2019re achieving major strides toward completing our military objective,\u201d Trump said\u2026","rel":"","context":"In &quot;Middle East&quot;","block_context":{"text":"Middle East","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/middle-east\/"},"img":{"alt_text":"Brent Crude May '26 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-09-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-09-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-09-brent.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-09-brent.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":44659,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/17\/the-big-picture-war-energy-commodities-bonds-and-gold\/","url_meta":{"origin":18887,"position":3},"title":"The Big Picture: War, Energy, Bonds and Gold","author":"Colin Twiggs","date":"October 17, 2023","format":false,"excerpt":"Two inter-connected themes likely to dominate the next few decades are War and Energy. War may take the form of a geopolitical struggle between opposing ideologies, with conventional wars limited to proxies in most cases and nuclear exchanges avoided because the costs are prohibitive. But it is likely to involve\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Global Energy Sources","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-16-energymix-700x494.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-16-energymix-700x494.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-16-energymix-700x494.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-16-energymix-700x494.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":13981,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","url_meta":{"origin":18887,"position":4},"title":"Economists Turn a Blind Eye to Historical Data | Bloomberg View","author":"ColinTwiggs","date":"August 15, 2016","format":false,"excerpt":"Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions: Why are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61503,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/04\/08\/trade-war-threat-to-markets\/","url_meta":{"origin":18887,"position":5},"title":"Trade war threatens markets","author":"Colin Twiggs","date":"April 8, 2025","format":false,"excerpt":"Summary Rising 10-year Treasury yields warn of a capital outflow from Treasury markets Donald Trump's threat to levy further tariffs on China risks an all-out trade war The Chinese yuan has weakened against the dollar The bear market continues I will be traveling over the next few days, and my\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-08-10y.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-08-10y.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-08-10y.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=18887"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18887\/revisions"}],"predecessor-version":[{"id":18917,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18887\/revisions\/18917"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=18887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=18887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=18887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}