Derivatives are a huge worry as the unimaginable values of contracts are terrifying. The list of banks and amounts contracted are available at this address below. A long list but worthwhile looking at the first twenty or so. Read more here I believe that the FED will have no alternative
Who should we believe? Do we have inflation or deflation creeping up on us? In my opinion ‘Mises Institute’ is correct. Inflation is caused by currency printing and there most certainly has been plenty of that. So for now, I expect and we are seeing continued inflation. Is deflation a
Thinking of the debt ceiling, I see the waste and ‘lost’ funds, I shake my head in horror. When literally billions and trillions ‘go missing’, my disbelief grows exponentially. When my $600.00 is tracked and prosecuted to the n’th degree, the only way that missing funds can happen is on
The IMF (International Monetary Fund) warns of a “Sizeable Upside to Inflation”. How much are they expecting that is not being clearly explained to the general public? Is this inflationary run not over? Official figures are being presented as reducing. I understand the numbers are not negative, so inflation is
It is difficult for me to believe that the super educated people of the FED can make decisions not conducive to their memorandum. “Promote maximum employment, stable prices and moderate long term interest rates”. I would be embarrassed to show my face in public if I had failed in every
I think Joe deserves to retire with dementia, oops I mean dignity, in his eighties. Gold and Silver Stocks This week the gold and silver stocks have performed in a mediocre manner in comparison with physical gold. A few stocks have performed well and even though many have ended the
Maybe the end of the dollar reign, but not down or out, in my opinion. Would I minimize my holdings? Sure. Would I hold physical monetary metals? Sure. Would I write off the dollar? No way. Michael @MikeSay98 Something to ponder: If the US Government owned every single ounce of
Below is an interesting chart reflecting the life of various currencies since 1400. The current wisdom seems to be that the dollar is doomed. I think in reality this is true, BUT, the majority of world trade is still carried out in USD, even though it is changing rapidly. The financial systems are mostly USD orientated.
The US has the largest and most diverse economy in the world, although the strength of the Chinese economy appears to rival the US economy in many respects. The Renminbi is however not traded worldwide yet, but does have an established international bond market which is growing and presents real competition to the USD.
Because of the severe negative possibilities of the use of CBDC’s (digital currencies issued by central banks), I would like to have a slightly closer look at them. All is not negative and if I could trust the authorities managing them I would feel much happier. Sadly our current trustees of the system have done an abysmal job, hence we find ourselves in this awful time where there is a need for a new system.
The global political situation is in flux, the currency situation is tenuous and the financial markets are in turmoil.
They are not easy to navigate your way through, but it is certainly fascinating.
I think that the banking crisis is just in its infancy and no matter how many plasters are put on its injured carcass, they will not be able to hold its skeleton together.
As matters stand now it appears to be holding up and I am certain that furious negotiations are underway to try to underpin the entire system. Even Jamie Diamon of JPMorgan thinks ‘the banking crisis is not over’ and the mainstream media is prepared to report it which is surprising.
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