Alasdair Macleod joins us today to share his thoughts on a shutdown in the markets across the board. We also discussed a possible new world reserve currency and why the price of precious metals keeps falling.
We will see in future letters how Greenspan, Bernanke, Yellen, and now Powell all distorted the markets and created bubbles, as did the ECB and other major central banks.
Heresy Financial gives his thoughts on why he believes there is still more economic pain ahead, plus other issues happening with the Fed and the economy.
It is amazing how compressed the cycles are in the markets these days. But maybe it’s not so surprising when you consider the constant involvement of meddling, manipulating central banks and even governments.
The dollar has rallied to its highest level in 19 years, although rather than it being due to some inherent strength, analyst Dave Kranzler points out how it’s instead a reflection of concerns in the credit markets.
The idea that fuel prices fluctuate because of the small spread charged by gas stations is absurd. It would be like blaming bullion dealers for the market price of ordinary gold coins.
For a variety of reasons, the Fed is losing credibility with the public. That’s a long-term threat to the value and world reserve status of the U.S. dollar.
