Right now, pass the cash parcel is in full swing, and central banks are only very timidly trying to reduce the size of the parcel. That’s basically why you’ve seen the US stock market rise unimpeded for the past two years. Central banks are behind the curve. There is too much cash in the system given the positive investor psychology that is unfolding.
Australian banks continue to distance themselves from any crypto currency. They label them as untrustworthy and volatile.
Why the ‘exorbitant privilege’ of the US dollar comes with an obligation…a fundamental misunderstanding of the global economy…and more…
The only way to stop this trend without causing a major crisis is to bring gold back into the system as an official measure of value.
Ice-Nine is a freeze of the financial system. It’s something that’s happened before, and it’ll happen again in the next crisis.
The money printing presses are a privilege the world’s major players have been abusing since Nixon took the US off the gold standard back in 1971.
In The Road to Ruin, Jim Rickards outlines exactly what the elites are going to do, and how they are going to do it. And this isn’t some vague time in the future.
The tempo of recent crises in 1994, 1998, and 2008 says a crisis is likely soon. A new global financial panic will be one legacy of the Trump administration.
There are always opportunities to be found in change, as well as dangers. As an independent-minded investor, you should be prepared for both.
Mario Draghi, President of the ECB, keeps pretending that the monetary experiment is going to plan. He’s now ‘tightening’ the bond buying program.