With perhaps the most important decision for commodity prices for some time having been actioned on Wednesday with the Federal Reserve lifting its key interest rate for the first time in nearly a decade, commodity prices witnessed subsequent pricing volatility, and strengthened on Friday. Such market vacillation will ultimately demonstrate whether Split Enz’s assertions of… Continue Reading
Second in a series on currency and monetary default by Benjamin Cox The flaw with U.S. debt is that you are really just buying a sovereign currency with a yield. There is no intent to ever repay the debt — at best, there may be an intent to roll it. The assumption is that the… Continue Reading
What happens if the United States prints 18 trillion new dollars and pays off its debt overnight? My belief, which I think is widely shared, is that no one expects the U.S. to pay back its debts – so in reality we have already defaulted. Why not just go one step further and issue the… Continue Reading
Via Energy and Gold.com: From BAML: This is the 2nd largest quarterly gain for the US dollar since 1970 and the quarter isn’t even over!! This chart really puts into perspective the magnitude of the current US dollar rally. The first Gulf War, The Asian Currency Crisis, and the Lehman Brothers bankruptcy pale in comparison… Continue Reading
From the March 9, 2015 HRA Journal: Issue 229 The latest commentary from well respected newsletter writer Eric Coffin can be found below. Please visit http://www.hraadvisory.com to view more of Mr. Coffin’s work. More of the same. The US Dollar continues to surge and mow down everything in its path. The distortions created by these currency… Continue Reading
