Independent thinking for complex markets and current events
JUST IN: 🇺🇸 US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC). — Watcher.Guru (@WatcherGuru) May 23, 2024 Look at the vote. The Republicans want you to have financial freedom while the Democrats want financial slavery. JUST IN: 🇺🇸 House passes bill to ban Federal Reserve from …
KC Fed Labor Market Index update for April #MacroEdge Labor and cuts are next in the saga. Job market is cooked like gumbo before an LSU football game. pic.twitter.com/N1WXe75cb3 — Don Johnson (@DonMiami3) May 10, 2024 Red X marks March 2001 and December 2007 – start of the two previous NBER indicated downturns pic.twitter.com/Oc7A41pfN5 — …
by confoundedinterest17 In the time (dis)honored tradition of Haruhiko Kuroda, the former governor of the Bank of Japan, Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the yen. Tokyo’s latest entry into the market was likely around …
Currency crises are destabilizing and horrible. The current setup is the most alarming I’ve witnessed during my career. It’s not today unreasonable to contemplate China stockpiling gold and commodities ahead of a currency devaluation. Seems reasonable for Asian economies, and EM more generally, to build inventories while they have the liquidity to do so. Reasonable …
China’s extensive stockpiling of essential commodities sparks speculation: Is a currency devaluation imminent? Is China preparing an imminent FX devaluation? The price action looks striking reminscent of 2014/2015 ahead of the managed devaluation of CNY. Full story: https://t.co/sILjD21UGs pic.twitter.com/C0yIRBss3R — Andreas Steno Larsen (@AndreasSteno) April 22, 2024 Arguments why China could decide to devalue CNY …
via creditbubblebulletin: Weekly Commentary: World-Wide De-Risking/Deleveraging Despite close calls Saturday night and again on Thursday night, we at least made it through the week avoiding “the start of WW3.” I’m afraid the same cannot be said for the beginning of WW2D (World-Wide De-Risking/Deleveraging). Key speculative leverage epicenters were under notable pressure this week – global …
via naturalnews The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European …
💥💥💥💥💥💥💥💥💥https://t.co/3cTLmjMgcy pic.twitter.com/DVTAPxwdNJ — HOTROD (@RubenRodInSa) April 5, 2024 Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said …
Increased focus on the Japanese yen as carry trade comes to an end. Nikkei index reaches all-time highs after three decades, despite aging population and extreme debt-to-GDP ratio of over 250%. Global macroeconomic landscape experiencing significant shifts. h/t theSilverVigilante
Can’t beat gold, no matter what happens. It’s everywhere and tangible. If someone offered me a payment in digital currency, i will tell them to take a hike (pun intended). It’s amazing to watch this digital ponzi mindwash the kakademics. You will never be your own bank using technology. “In this video I head out …
With inflation nearing 30% and its currency hitting an all-time low, Nigeria is facing one of its worst economic crises in years. The latest data from the National Bureau of Statistics on Thursday showed that the headline consumer price index (CPI) rose to 29.9% year-on-year in January, its highest level since 1996. The surging cost …
Like many Chinese people, Jacky hoped that he could make enough money investing in China’s stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track …
HARARE, ZIMBABWE — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand. Minister for Finance and Economic Development Mthuli Ncube told reporters in an online press conference that Zimbabwe was making the move to …
This is going to create a lot of publicity around Digital Currency, to allow the media and the government to socialize and normalize digital currency among the masses. Then the Central Bankers can more easily introduce Central Bank Digital Currency (CBDC). The end of cash and freedom may be drawing near. https://www.theguardian.com/technology/2024/jan/11/bitcoin-etf-approved-sec-explained-meaning-securities-regulator-tweet The SEC has …
ENERGY, CURRENCIES AND CHANGE. 🌎2024: The year of change. 2024 is going to be a transformational year. Russia and China's energy trade is soaring. The two countries don't use the dollar anymore in trade and countries around the world are beginning to utilize local trade.… pic.twitter.com/vWLFE84tM1 — Gold Telegraph ⚡ (@GoldTelegraph_) December 31, 2023 Russia, …
Kitco News, Released on 12/26/23 For Part 1 of this interview, CLICK HERE Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Matthew Piepenburg, Partner at Matterhorn Asset Management, who warns of an already broken U.S. regime. Piepenburg says it all starts with a debt crisis, then a currency crisis, followed by social division, weaponization …
Listen to how easy it will be to implement here in America. Our bank are ALREADY on board and authorized via an executive order. pic.twitter.com/Xt8qHMaeNQ — NANCY✊ (@9NewsNancy) December 25, 2023
China’s central bank has made a historic move by injecting a record $112 billion into the financial system, according to reports from Bloomberg. This substantial cash injection comes as the Chinese yuan experiences depreciation against the US dollar, posing challenges for exporters and raising concerns about potential inflation. The Chinese economy has been grappling with …
This comes exactly 2 months after Argentina's central bank raised rates to a record 133%. Argentina has averaged a 40% inflation rate per year over the last 10 years. Is this last ditch effort going to work? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December 12, 2023 …
via NYPOST: Bankman-Fried — who faces more than 100 years in prison when he is sentenced in March following last month’s conviction for fraud and money laundering in connection with the collapse of cryptocurrency exchange FTX — has been held at the Metropolitan Detention Center since August when a federal judge revoked his bail. The …
Central banks globally bought 337 tons of gold in Q3 2023, part of a broader trend. China, the top global gold producer, purchased 181 tons during the first nine months of 2023, contributing to a total of 800 tons acquired by central banks worldwide. This aligns with China’s strategy to reduce its reliance on the …
By Graham Summers, MBA Japan’s currency is now collapsing. Japan’s central bank, the Bank of Japan (or BoJ for short) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year Japanese Government Bond any time that bond’s yield rises to 1% or higher. It’s possibly the boldest …
BREAKING NEWS THE SWISS CENTRAL BANK HAS POSTED A $13.36 BILLION LOSS FOR THE THIRD QUARTER Welcome to Hollywood. — Gold Telegraph ⚡ (@GoldTelegraph_) October 31, 2023 A tragic comedy. "On Monday, the SNB said it was reducing this interest after costs soared since negative rates turned positive in Sept. 2022…"https://t.co/94GgdqhMK9 — Gold Telegraph ⚡ …
The yuan surpassed the euro to become the second main currency in trade for the FIRST time This is according to SWIFT People might scoff at the percentage, but they overlook the underlying trend unfolding More and more countries are looking to settle trade in local currencies — Gold Telegraph ⚡ (@GoldTelegraph_) October 18, 2023
Note that Israel is selling USTs to support its currency, not buying USTs in a flight for safety. Foreigners in total own $7.6 trillion in USTs, against $13T in offshore USD-denominated debt. The convexity of net effective UST supplies as USD rises remains very underestimated. https://t.co/EZbd7EjGYK — Luke Gromen (@LukeGromen) October 9, 2023 The Israeli …
🔊 … Joe Rogan 🔥🔥🔥 Bankers say, "If we don't make enough babies, we will just import them." Joe: "they import immigrants because they are printing more money" "Now they are just out of control. 40% of all dollars ever created, printed on the computer, were made in the… pic.twitter.com/wnHjhCcq7l — Wall Street Mav (@WallStreetMav) …
Paper money turns government from parasite into predator. Aside from stealing your life savings and launching depressions, one of the nastier features of paper money is what it does to governments. Because once a government can print what it likes, it no longer needs taxes.… pic.twitter.com/ASQp1MwfFM — Peter St Onge, Ph.D. (@profstonge) October 7, 2023
Economist and philosopher John Maynard Keynes is famous for saying that markets can stay irrational longer than you can stay solvent. As the Australian dollar (AUD) plunges, Aussie importers and international travellers must wonder if he was referring to them. The AUD is once again swooning towards new lows. In truth, the currency has been …
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over. Treasury Secretary Janet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists …
