Dear Governments, Spend as Much as You Can
This week we heard further details about more trillions in upcoming spending and even changing monetary issuance laws (for CBDCs) worldwide.
The International Monetary Fund (IMF), what critics might call a supranational leveraged buyout bank, was out this week making calls for governments worldwide to spend as much as they can.
The IMF also noted that monetary issuance laws would need to be changed in 104 nations to directly issue fiat Central Bank Digital Currency or CBDC for fuller global fruition.
Sounder money advocates yet to banned off of Twitter are predicably pissed off.
Global Government Bonds
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SDBullion Market Update
Federal Reserve Chairman Jerome Powell had the following statement this week worth highlighting in our market update video.
Federal Reserve Chairman Jerome Powell had the following statement this week worth highlighting in our market update video.
There is nothing in any definition about how fiscal dominance, which considers our still having the dominant fiat currency of the world, utilizes yield curve control, with suppressed real interest rate yield, rigging inflation and unemployment data, while still dominating the world in most price discovery powers.
Yet on the cusp of losing economic output dominance to over 2.5 billion Chinese and Indian residents, they tend to stack physical gold and silver as they get wealthier increasingly.
Another week of up then down spot price action for silver and gold. As we head into this Monday’s thinly traded Martin Luther King holiday, note that the spot gold price sits just below its 200-day moving average.
During gold bull markets outside of the global financial crisis, that is typically an excellent time to add to bullish and betting long positions.
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