“Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can
What did these cats expect after running the printing presses like there was no tomorrow for the better part of two decades? Stated differently, the
Were he around, Adam Smith would marvel. All this talk of a “strong,” “weak,” or as is often said lately, a “mighty” dollar. Wait, what?
When the Fed did test a similar flight plan back in 2018, it ran erratically all year and ended when the Fed dove its plane
One used to read about the demise of dollar in the newsletters of monetary cranks; now we read about it in research reports by Credit
Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized
After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” ― Ernest Hemingway, The Sun Also Rises On the surface, nothing much changed last week.
Excerpted from Michael Pento’s Pento Portfolio Strategies China appears to have more to lose from a trade war with the US simply because the math
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the
A couple of decades ago, when the post-war baby boom generation was in its prime earning and tax-paying years, governments had a chance to guarantee
The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along
Ah, Italy. My people; fun to be around, a nightmare to govern. And now an existential threat to the European Union, the euro currency, and
The price of oil is rising, which is obviously good news for those who sell it to the rest of us. Russia in particular seems
About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year
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