If gold…were judged in an impartial monetary court, the jury would unhesitatingly declare that the precious metal is a superior form of money. The proponents of fiat currency (paper money without any equivalent) would lose both the legal battle and the theoretical argument, while the defenders of “sound money” would present overwhelming evidence and irrefutable …
Tag: Federal Reserve
Risk of another bank run – How is the US banking system hiding losses on government bonds?
Accounting rules are designed to enhance transparency and facilitate accurate financial valuation, but they can also mask an organisation’s true financial health. Today, a common accounting trick could be to cover up systemic risks in the US banking system by hiding the significant depreciation of commercial banks’ bond portfolios. When a company buys bonds such …
Trump “privatizes” the dollar (Genius Act) and hands it over to Big Tech – The end of the Fed with stable coins
Donald Trump’s attempt to expand the dollar system through stablecoins. Trump wants to limit the supply of the dollar and its parity in order to reduce trade deficits while at the same time not wanting the US currency to lose its privileged status as the world’s reserve currency. This can be successfully done by integrating …
Nine indicators that indicate a high probability of an economic crisis in the United States
The financialization of the economy in the last quarter of the 20th century created a global “bubble” that is now bursting, starting with the United States. The 2008/2009 financial crisis in the United States and then the debt crisis in the Eurozone, with Greece as the main protagonist, were apparently only the first episodes of …
How will the “punishers” of the bond market be eliminated in 3 moves? The battle for the 10-year
Donald Trump’s retreat, as many mainstream media outlets have pointed out, was not so much driven by the bloodshed on Wall Street as by the reaction of the so-called “punishers” of the bond market (please read also the analysis titled “Tariffs and the $3 trillion held by Asian central banks that make them punishers in …