The markets this week appear extremely unsettled. The MMRI index, (Mannarino Market Risk Index) now stands at 308.2 as I write. This index measures the risk in the market, with 50-100 being low risk, 100-200 moderate risk, 200-300 high risk, and over 300 being extreme risk. This is profoundly worrying.
At thirty-three trillion of national debt, interest consumes a huge portion of taxes collected. The debt has grown every year since 2001 as the government has spent more than its tax receipts. Debt is 54% higher than five years ago. Interest payments are on track to exceed $1 trillion before
Limit government so that they do not overwhelm the population and build bureaucratic edifices creating more and more government staff into the ‘privileged’ class and more and more people away from the productive population.
Looking at comparisons between the fall of Rome and the current state of the US leads me to believe that the US is vulnerable to a similar fate. Some of the similarities follow: We understand that times are different and the world has modernized somewhat, but history does tend to
The more I read about CBDC’s, derivatives, bank investments, bank risks, financial products, debt ceilings, and debt to GDP ratios, the more I concentrate on physical gold and silver. To add spice to the mix, some gold, silver, platinum, lithium and uranium stocks. Each has its risks and rewards and
Are rate hikes the answer to the economic woes created by the same people we now expect to save us? So we have a pause. Will this save us? The economy in my opinion has been deliberately imploded in order to make implementation of the CBDC (Central Bank Digital Currency)
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
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
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.
To receive industry news and updates
“We provide a stable and expanding platform of physical and electronic security, technology, human structures and an ideal location that creates trust and resourceful solutions for our exacting wealth management clients.”
RECENT COMMENTS