Governments with mountains of debt are resorting to tax hikes and austerity policies.
All pensions are threatened…
His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
Is this (flip-flop) the IMF’s signal for escalating the Trade/Currency wars?
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
The New SDR, where as the RMB, AIIB and CIPS will mark their major roles in assisting the emerging markets increase international trade in exchange for the weaker national currencies/goods/services within investment banks, clearing banks, and central banks’ transactions mechanism.
How Exposed are Sovereign Wealth Funds (SWF) and other institutional investors to Negative Interest Rate Policy (Japanese Government Bonds)?
The evidence is very revealing, and bank officials appear to be in a panic.
Brazil (the largest country in South America in Land, Population, and Economy) reports to be in a economic depression while Canada reports to be in a recession.
On Monday, 16 March, this report states, Captain Cole received from the Pentagon a launch order authorizing a “limited” nuclear strike against the Federation, but which failed due to a critical Permissive Action Link (PAL) failure thus causing her to abort this planned attack.
For her failure to communicate the launch authorization to US nuclear forces, this report continues, Captain Cole was arrested on Tuesday, 17 March, relieved of her command and then taken by armed guard to US Naval Air Station (NAS) Miramar in San Diego (California) where she remains incommunicado.
Switzerland will receive a quota of RMB50 billion (CHF7 billion) to establish itself as a so-called RMB Qualified Foreign Institutional Investor, or RQFII, according to an announcement from the Swiss National Bank (SNB). Switzerland’s status as a “renminbi hub“ will give Swiss commercial traders the ability to make and clear direct trades with their Chinese counterparts in China.
The Chinese home real estate market, mostly units in high-rise buildings, is truly bizarre. Many Chinese regard apartments as capital-gains machines rather than sources of shelter. In fact, there are 50 million units in China that are owned but vacant. The owners won’t rent them because used apartments suffer an immediate haircut in value.