Tag: global economy

As the Global Economy Stumbles, Gold Goes for a Touchdown

Via Birch Gold Group

As the Global Economy Stumbles, Gold Goes for a Touchdown

From Peter Reagan at Birch Gold Group

Before we get started, congratulations Kansas City Chiefs fans!

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The global economic stumble makes a strong case for gold, man’s search for value, and what would the end of fiat currency do for gold?

Thorsen Polleit: “What economic recovery?”

Thorsen Polleit, Degussa’s chief economist and Kitco contributor, isn’t optimistic on global economic prospects. As he notes, the real money supply is shrinking. His recent in-depth analysis features many apparent contradictions, which actually very much paradoxically fall into place. Although it seems that pumping money into the economy (also known as “quantitative easing”) should increase the money supply, well, yes, it does. If we’re talking about the nominal money supply. Continue reading “As the Global Economy Stumbles, Gold Goes for a Touchdown”

The Global Economy Can Kill Us In More Ways Than One

Guest Post by Paul Craig Roberts

61 years ago Walter M. Miller Jr. published A Canticle for Leibowitz.  The story spans thousands of years as humans rebuild civilization after a devastating nuclear war.  Among the episodes is a conflict between warring nomads and a settled people who rely on cunning instead of arms and introduce hoof and mouth disease into the herds of the nomads.  I was reminded of this as I read this account in RT of what appears to be a worsening situation with the coronavirus in China.  China’s President Xi Jinping has described the situation as “grave” with the spread of infection accelerating.  https://www.rt.com/news/479181-xi-china-coronavirus-win/

Could this be an engineered virus or a weaponized one that got loose from Chinese biolabs?

Continue reading “The Global Economy Can Kill Us In More Ways Than One”

The Global Economy Is a Time Bomb Waiting to Explode

Guest Post by Marshall Auerback

In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008.

Although the U.S. government’s system of checks and balances typically produces incremental reform, Emanuel suggested that during times of financial upheaval, the traditional levers of powers are often scrambled, thereby creating unique conditions whereby legislators could be pushed in the direction of more radical reform. That’s why he suggested that we should never let a crisis go to waste. Ironically, that might be the only pearl of wisdom we ever got from the soon-to-be ex-mayor of Chicago, one of those figures who otherwise embodied the worst Wall Street-centric instincts of the Democratic Party. But give Rahm props for this one useful insight.

Continue reading “The Global Economy Is a Time Bomb Waiting to Explode”

Don’t listen to the ruling elite: the world economy is in real trouble

Guest Post by Andy Xie

The G20 working group meeting in Shanghai didn’t come up with any constructive proposals for reviving the global economy and, instead, complained that the recent market turmoil didn’t reflect the “underlying fundamentals of the global economy”. The oil price has declined by 70 per cent since June 2014, while the Brazilian real has halved, and the Russian rouble is down by 60 per cent. The global economy is on the cusp of another recession, and these important people blamed it all on some sort of psychological problem of the people.

Over the past two decades, the global economy has been blessed with the entry and participation of 800 million hard-working Chinese, plus the information revolution. The pie should have increased enough in size to make most people happier. Yet, the opposite has happened. The world has gone from one crisis to another. People are complaining everywhere. This is due to mismanagement by the very people who attend the G20 meetings, the Davos boondoggle, and so many other global meetings that waste taxpayers’ money and put inept leaders in the limelight.

One major complaint that people have is that the system is rigged – that is, the rising income concentration is not due to free market competition, but a rigged system that favours the politically powerful. This is largely true. The new billionaires over the past two decades have come mostly from finance and property. Few made it the way Steve Jobs or Bill Gates did, creating something that makes people more productive.

Continue reading “Don’t listen to the ruling elite: the world economy is in real trouble”