Investors, watching dark clouds loom over the global economy due to ongoing geopolitical upheavals, are hedging: Gold continued to break record prices on Friday, March 8, trading at $2,183 an ounce, and this was accompanied by from a more dramatic Bitcoin rally. Gold outperformed Bitcoin in 2020 and 2021, during the Covid crisis. This time …
The nightmare Scenario in Economy, Markets, with Inflation and Bubbles
In early 2002, gold was around $300. The primary goal was to preserve wealth. The Nasdaq had already crashed by 67%, but, before bottoming out, it lost an additional 50%. The total loss was 80%, with many companies going bankrupt. In 2006 the Great Financial Crisis began In 2008, the financial system found itself minutes …
FED – ECB: Inflationary landmine with interest rate cuts – Trump victory in the US is the key scenario
The Bureau of Labor Statistics (BLS) argued that a pick-up in rent inflation—the index rose unexpectedly sharply in January’s CPI—was due to a shift in the data series that could either mean that the change was a structural shift in values or indeed an error which could be fixed at a later stage. Conclusion; No …
Its perpetual public debt as Greece’s dependency factor
The public debt (Central Government Debt) amounted to €406.5 billion at the end of 2023 and is increased compared to the previous year by €6.2 billion, according to the latest Bulletin of the Public Debt Management Organization (in Greek-ΟΔΔΗΧ) . For this debt, the Greek State paid €6.5 billion in interest in 2023. The Greek …
Digital Platform for BRICS Trade Transactions – Non-IMF Yuan Loan Agreements
American economic hegemony rested on the dominance of the dollar within the system of international trade (mainly important commodities) and as a global reserve within the framework of the famous Bretton Woods agreement after 1944. This hegemony was combined with the formation of post-war international economic organizations such as the International Monetary Fund (IMF), the …
How do central banks embellish the image of the economy for the benefit of politicians?
Reports on both sides of the Atlantic of ending the current cycle of monetary easing as a central policy option were probably a smoke screen to cover up the poor state of the financial system. The analyzes that are circulating refer to the prospect that the Fed and the ECB return from the spring of …
After the end of the next financial crisis – the end of fiat currencies and Bitcoin’s revolution
Liberalism considers the security of property sacred. The traditional refuge of all is gold. But has there been a revolutionary change that gives us an alternative solution? And of course we are referring to bitcoin. Many criticize the protocol without fully understanding how it works, despite the fact that they understand the need for sound …
How is China taught to discard Western sanctions?
Russia’s success in dealing with Western sanctions through de-dollarization and supporting trading partners in Asia may be a valuable lesson for China as pressure to “de-risk” (the policy of the West to diversify supply chains so that it is not dependent on Chinese exports that shaped the so-called trend of de-globalization). Russia has provided many …
Wall Street’s AI bubble is growing and it’s about to burst
Everyone knows and says there is a bubble on Wall Street associated with artificial intelligence and its high-tech stocks, but no one knows how much longer it will grow or when it will burst. For example, many believe that the stock of Nvidia Corp. is a bubble. This is based on the fact that the …
Why is it a criminal mistake to bail out bankrupt banks?
Silvergate Bank, Silicon Valley Bank, Signature Bank and First Republic Bank collapsed like dominoes between March and April 2023. The United States Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) proceeded with a previous intervention in order to stop the transmission of the crisis to the regional banks and to the …