The panic by the Trump administration over the growth and expansion of the BRIC’s system I believe, is justified from an American viewpoint. I do not believe that the tariff of 10% on BRIC’s aligned nations will stop the process at all. When we look at why an alternate non-dollar
Happy New Year to all of our incredible clients and amazing staff. We appreciate your support and continue to grow as a result of your referrals and our staff’s hard work. The past year has been one of many twists and turns in terms of the markets, particularly gold and
Right now in this very silly time of US elections, any nuance can change the direction of the markets in a heartbeat. Trump is losing, markets go down, oil prices surge, and gold soars. DJT shares collapse. Camila is losing, the reverse happens. War, expected outcomes are based on which
There are those who say politics and economics are divorced from one another. I don’t believe it for a second. I believe at present there is a “uni party” system in the US working in cahoots with the Federal Reserve which is neither federal nor appears to have reserves; just
In what was reported as a veiled threat, Saudi Arabia threatened to sell European debt holdings if the G7 seized the three hundred billion dollars worth of Russian assets confiscated from the Russians. Interestingly the threat was made to Europe (G7), it appears not to America. The Saudi’s denied making
So we are back to wanting the masks reintroduced to the general population. Are we going to comply this time? What are your expectations? We have huge amounts of information now regarding mask wearing and its deleterious effects. How effective will the propaganda be this time and what lengths will
When I look at the upcoming BRICS meeting and the potential effects on the dollar, I feel that the group has a point, in that the dollar has been weaponized and any one of them may be the next target of the deadly weapon of being basically demonetized. I feel
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.
The global banking picture looks worse and worse. I believe that one way to save the depositors is to quasi nationalize the tier one big banks, with the government effectively doing this recently by backstopping (SVB) or forcing a sale (Credit Suisse) and wiping out the equity and debt holders, an option probably not afforded to the smaller tier two, three etc. banks as they are not systemically important enough. If these banks fold, it will be you and me that will sink with them.
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