The Fed may try to use wartime sanctions as an excuse to return to easing in a wartime stance, in spite of inflation. If they do, hyperinflation is the certain result...
Its relative buoyancy in the global currency toilet would not be much of a concern but for the fact that the vast preponderance of borrowing is denominated in dollars. This means debts..
Marc Faber discusses the war in Europe which is leading us into energy and food shortages this year.
The western countries banning Russia from SWIFT are leading to Russia and other abandoning the US Dollar.
According to data collected by the UGS, the United States is reliant on totalitarian regimes with dictators installed for life for 32 of 47 minerals — an eye-watering 70%! It’s also evident that Russia, and China, are holding some powerful economic cards..
While events are still changing very rapidly, there is a chance that the war in Ukraine will lead to some of the highest rates of inflation in the United States of our lifetimes. Increases in energy prices resulting from supply shortages are likely to be the core, but..
“How did you go bankrupt? Two ways. Gradually, then suddenly.” Change usually comes slowly. But every now and then, events like Pearl Harbor, September 11th, and COVID-19 come out of nowhere and change everything.
The system doesn’t move actual money between the banks but transmits messages between banks with instructions to settle transactions.
Additionally, this system is crucial to the international trade system...
The next big answer to our problems, in my estimation, will be a global central-bank economic scheme to answer a global cataclysm, and what sets that up now better than the global sanctions of this new war? On one side of the equation...
