Friday, May 13, 2016

The Endgame
GoldMoney's Alasdair Macleod highlights how unsound money is at the root of the problems in today's financial system .. explains what is likely to happen as the disconnects & imbalances in the economy (caused by central bank policies) begin to unravel .. "Macro-economists are discovering that the failure of monetary and fiscal planning are becoming a policy cul-de-sac that has generated a legacy of unsustainable debt .. There is evidence that central bank intervention began to irrevocably distort markets from 1981, when Paul Volker raised interest rates to halt the slide in the dollar’s purchasing power. It was at that point the free market relationship between the price level and the cost of borrowing changed." .. points out growing evidence of price inflation & stagnation in the economy "can be expected to materially increase the risk of a global banking and currency meltdown" .. advises owning non-financial assets - in other words, hard assets like gold & commodities.
LINK HERE to the essay

1 comment:

Anonymous said...

How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption

Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington.

It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable quest for more and more money at all costs. In many ways, it's merely a microcosm of America in 2016. A culture in which ethics has become so irrelevant, it isn't even a nuisance. It never even factors into the equation.

The first few paragraphs set the stage perfectly:

All three situations have one thing in common: If they were resolved the way Shapiro suggested, a variety of bets placed by a select group of the most politically powerful hedge funds would pay off in a huge way. In the case of Argentina, they mostly have. Fights over how to resolve the other two issues are still raging in Washington.

For this article, we called Shapiro to ask on whose behalf he has been waging these intellectual battles. His answer was surprising in its honesty: He’s working with DCI Group, a political dark arts master known to be advocating on behalf of a group of powerful hedge funds that are changing how Washington works.