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Gold’s return as money
Gold’s return as money The consequences of Russia and her Asian allies embracing gold backing for their currencies are poorly understood in western capital markets. This move could lead to the destruction of the global fiat currency system. According to evidence which is widely ignored in western capital markets, a move by Russia to put […]
The Fed Says, “Let Me Squeeze Your Dollars…5 Basis Points at a Time”
The Fed Says, “Let Me Squeeze Your Dollars…5 Basis Points at a Time” I still maintain no one will mark June 16th, 2021 as the day the world changed. Watching the dollar surge into this weekend thanks to a breakdown in the euro only validates that conclusion in my mind. Remember, on June 16th Presidents […]
What? Default? Where? Dollar?
What? Default? Where? Dollar? It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m […]
Huge Protests in Germany Against Government’s Lockdowns
Huge Protests in Germany Against Government’s Lockdowns The German Press is starting to wake up at last after a period of just saying Yes mam! They have run the story that if we acted rationally, we could quickly overcome the consequences of the corona crisis. But politics is deliberately spreading panic among the population and stirring up […]
Is Turkey “City Zero” in Global Contagion
Is Turkey “City Zero” in Global Contagion Last year Turkey’s lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of […]
Capital Flows–Is a Reckoning Nigh?
CAPITAL FLOWS – IS A RECKONING NIGH? Borrowing in Euros continues to rise even as the rate of US borrowing slows The BIS has identified an Expansionary Lower Bound for interest rates Developed economies might not be immune to the ELB Demographic deflation will thwart growth for decades to come In Macro Letter – No 108 […]
Super Mario Draghi’s Day of Reckoning Has Arrived
Super Mario Draghi’s Day of Reckoning Has Arrived “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” — MARIO DRAGHI JULY 26TH 2012 No quote better defines Mario Draghi’s seven-plus years as the President of the European Central Bank than that quote. […]
Gold Rising Because it Protects Against Government – Martin Armstrong
Gold Rising Because it Protects Against Government – Martin Armstrong Legendary geopolitical and financial analyst Martin Armstrong continues to be bullish on America. Armstrong contends, “The U.S. economy has been the only thing holding up the world. People do not realize what is the difference between the U.S. vs. the rest of the world? China […]
The European Crisis of Philosophy is the Destruction of the European Union
The European Crisis of Philosophy is the Destruction of the European Union The entire project of creating the Euro was a means to allow Northern Europe to effectively takeover Southern Europe and impose its philosophy in a totally one-sided arrangement. I have stated plenty of times that all the debts of member states should have […]
How the Euro Enabled Europe’s Debt Bubbles
How the Euro Enabled Europe’s Debt Bubbles It’s the twentieth anniversary of the euro’s existence, and far from being celebrated, it is being blamed for many — if not all — of the Eurozone’s ills. However, the euro cannot be blamed for the monetary and policy failures of the ECB, national central banks and politicians. […]
Governments Are Sucking in Assets like a Black Hole
Governments Are Sucking in Assets like a Black Hole QUESTION: Hello Sir,I am French and have been reading you for many years (I already read you while you published papers while you were very unfairly imprisoned).I signed up for Socrates on 6th January and must thank you warmly for opening my eyes to the real state […]
The Decline and Fall of the European Union
The Decline and Fall of the European Union This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project. That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro’s introduction as legal tender on […]
The Tragedy Of The Euro
The Tragedy Of The Euro After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for […]
US Dollar Status as Global Reserve Currency?
US Dollar Status as Global Reserve Currency? So, how hot is the Chinese Renminbi? And is the euro dead yet? The US dollar’s role as global reserve currency is defined by the amounts of US dollar-denominated assets – US Treasury securities, corporate bonds, etc. – that central banks other than the Fed are holding in […]
2018 Chaos, 2019 Mayhem
2018 Chaos, 2019 Mayhem Titian The rape of Europe 1560-62 It took me a while to decide which word(s) best define the past year and the next one, but I think this is pretty much it. 2018 was chaotic more than anything else, and that chaos will give rise to mayhem in 2019. What I […]
