Search Results for: World Bank
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
The emerging evidence of hyperinflation
October 15th, 2020
Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why empirical evidence of fiat money collapses are relevant to monetary ...
Gold prices were little changed on Monday; Silver price rose
October 5th, 2020
Gold prices were little changed on Monday, as investors sought more clarity on developments in U.S. President Donald Trump’s health after he tested positive for COVID-19 last week. Spot gold was nearly flat at $1,896.21 per ounce by 0328 ...
The Four D’s that define the future
September 28th, 2020
When the money runs out or loses its purchasing power, all sorts of complexity that were previously viewed as essential crumble to dust. Four D’s will define 2020-2025: derealization, denormalization, decomplexification and decoherence. That’s a lot of D’s. ...
Lessons on inflation from the past
September 25th, 2020
This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing ...
China is killing the dollar
September 23rd, 2020
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining ...
Asian shares mixed as worries percolate over pandemic; Euro to Dollar weakened
September 23rd, 2020
Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose in Seoul and Shanghai and jumped more ...
Inflation, deflation and other fallacies
September 15th, 2020
There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and turns yet to come. This article explains the fallacies behind ...
A critique of modern socialism
September 2nd, 2020
Socialism has moved on from the Marxist version of the state owning the means of production to one whereby production remains in the hands of individuals but are heavily regulated — echoing Mussolini’s fascist-socialist model. But after nearly ...
Russia calls on fellow BRICS countries to dump US dollar in favor of trade in national currencies
August 25th, 2020
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies. Denis Manturov suggested the possibility of boosting non-dollar settlements ...
