Tag Archives: currency war

Bits and Pieces – 20180726, Thursday

Commentary

This post contains a special section under climate topic for a friend.

Bits and Pieces – 20180714, Saturday

Commentary

While the Clown Prince throws money everywhere he prances, the sheeple blindly run behind in hopes of catching a few dollars plucked from someone else’s pockets. McKinsey and Company have published a visualization tool, Visualizing global debt. Below is the chart and table that is interactive on their website but not here:

We see that Canada is the 9th most indebted nation in the world as a percentage of GDP. As the economy slows due to any number of factors such as recession here or in the US, rising interest rates or the end of the business cycle, GDP drops but the debt doesn’t change This means that the ratio increases in magnitude and our position deteriorates farther. We are extremely vulnerable to exogenous shocks and endogenous credit collapse. This is a train wreck that John Mauldin has been reporting on with links supplied in previous posts. I give you his concluding essay in a later section.

We have become a socialist country and the history of socialism has never witnessed a happy ending. As I keep warning, be a good boy scout … be prepared.

Bits and Pieces – 20170202, Thursday

Commentary: I am looking for key themes that will have a major impact on our lives. I’m adding one this morning: central banks. Central banks have been controlling our economy since their conception only now they are losing control as all their tools are broken and they are in the process of blowing up the (economic) world.

I have discussed how we are linear thinkers, so to go non-linear, central bank policy and action has to be considered with interest rates, the bond market, currencies, the international flow of funds and trade. They are all part of the same elephant. How I’m going to structure my coverage I’m not sure but here’s a good short article to start with: The Coming Crisis in Central Banking.

To give an idea of the interconnection, read Mike Shedlock’s Is Germany a Currency Manipulator? China? Arguably Yes, Under Bill Obama Signed: Full Blown Currency War on Deck. He outlines a basis for how a currency war and trade war might start with Germany and China.

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