Search Results for: virtual currencies
Gold at $2k+. So why the fuss?
August 10th, 2020
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
What is ‘LBCOIN,’ the new Lithuanian state-backed cryptocurrency?
July 24th, 2020
The ongoing COVID-19 pandemic has accelerated the development of digital currencies by central banks in a bid to encourage people to turn to cashless payments. One such project is being led by Lithuania’s Central Bank, which will open a ...
The new deal is a bad old deal
July 10th, 2020
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and ...
The crisis goes up a gear
June 22nd, 2020
Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar. At this stage of an evolving economic ...
MMT —it’s just neo-Keynesian macroeconomics
June 12th, 2020
The doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an earlier video released last year. Introduction Macroeconomics has become so ...
Stocks in Europe gained; Dollar climbed against its major peers
May 25th, 2020
Stocks in Europe gained along with U.S. equity-index futures, while Asian benchmarks were mixed as investors weighed more signs of economies reopening around the world against the rise in U.S.-China tensions. Health-care and leisure shares led the advance in ...
European Central Bank digital currency – a flight of fancy?
May 13th, 2020
Speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Consensus 2020 virtual conference, 11 May 2020 11 May 2020 A recent survey among 66 central ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
Why a flu outbreak in China can spook global markets
January 23rd, 2020
When people talk about empires of the past, they generally mean Rome and Britain. But the biggest and in some ways most interesting empire was built and run by the Mongols in the 13th and 14th centuries. At its ...
