“Sadly the world’s economies continue to gyrate between continuous booms and busts while money is in the hands of the world’s central bankers. And while the free market is being blamed for the recent financial meltdowns, there can be no free market if money is controlled and debauched by the state. Menger provided the answer […]
A story about a chicken McNugget selling for $100,000USD over the weekend got me thinking about inflation, manias, and billionaires. I’ll talk about the ‘magic McNugget’ in a moment, but first, I want people to realize where the exploding money supply is going. Also, how exploding deficits, soaring money supply is leading to the rise […]
It appears COVID-19 has given central bankers the extra nudge they needed to explore digital currencies. According to the Federal Reserve Chair Jerome Powell, 80% of the world’s central banks are now considering issuing their own central bank digital currency (CBDC), up from 70% in January 2019. While the Fed has yet to commit itself […]
While gold investors wait with bated breath to see what the U.S. Federal Reserve and/or Congress does next, few are paying attention to the other institutions capable of influencing the precious metal’s trajectory: the central banks of emerging markets. As a collective, emerging markets are an economic powerhouse. The Ashmore Group, a specialist Emerging Markets […]
The TSX Venture index is having one heck of a summer so far, thanks in large part to gold’s bull market. It very much reminds us of the summers of 2009 and 2011. No exchange benefits from a gold bull market like the TSX Venture. More than half of its issuers call the resource sector […]
No asset influences the global markets more than the U.S. dollar, the world reserve currency. It’s held this hegemonic status for decades, dominating global commerce while serving as a constant reminder of America’s unparalleled economic, military, and political strength. Now, it appears that the only way to save the U.S. economy is by crushing the […]
In an almost frightening foreshadowing of the future, Ray Dalio outlines in 2016 how central banks will deliver stimulus in the future. Dalio contends that central banks will get so desperate they will give money away. With upwards of $6 trillion committed from the U.S. government and the Fed, this has now become a reality. […]
Former Bank of England Governor, Mervyn King, believes what happens next will depend on people’s behavior. The ongoing Covid-19 crisis has brought forth uncertain, volatile times. The Dow soared more than 10% – its biggest single-day gain since 1933. For a market that is falling faster than it did during the 1929 crash, it was […]
Lords of Finance by Liaquat Ahamed won a Pulitzer Prize for its detailed and entertaining breakdown of the lead up to the Great Depression, and its aftershocks. The book focuses on the decision making from four critical central banks (England, France, the United States, and Germany) and how the men leading these financial institutions were […]
Tensions in the Middle East are running high again. Despite a labour market at full employment, the US ran a deficit in 2019 that topped $1 trillion for the first time since 2012. Interest rates across much of the world remain near historic lows. The Fed has increased its balance sheet by roughly $400 billion […]