Why and how the global monetary system is failing, why it is too late to stop, what will come next, and why the crisis is only financial – not commercial.
Kirchner’s declaration that the action is a “recovery of sovereignty and control” should further remind observers and investors that those in power ultimately rely on maintaining and obtaining access to natural resources.
It is important to distinguish between leveraged and unleveraged non-bank lenders, both investors and both implicitly «shadow banks».
A critical response by Chairman Bernanke would be welcomed…
We think it is imprudent to advise legitimate savers to invest in levered financial assets.
In this piece we seek to provide a truer sense of money, inflation and real value today, all of which seem grossly misunderstood in the marketplace.
We argue that indebted governments have ceded power to banking systems without conscience or public accountability.
Any sell-off in gold futures or other derivative claims serve the physical gold buyer’s interest and the interest of investors in shares of gold miners looking to accumulate in-ground physical gold.
Fundamentals and incentives point the way to an optimistic outcome for the majority.
Paul Brodsky thinks our credit system is so far out of control that it will cause a massive – and largely unavoidable at this point – devaluation of the US dollar (and most other fiat currencies, as well).
The kids downtown are credible and the “vocal fringe” is actually representing a disenfranchised majority that is quickly growing disenchanted with “reasonable centrism.”
The Twist in essence reduces to a bank subsidy.