HS2: The Proverbial Gravy Train
The other worrying aspect of this gargantuan infrastructure project that raised red flags for me is the involvement of former Chancellor of the Exchequer George Osborne.
Also: (Maneco64) – Keynesians Versus Austrians
In this report, I look at the major differences between the Keynesian School of Economics and the Austrian School of economics. Also: (Maneco64) – Negative Yielding Bonds Rise by $2 trillion in the First Six Weeks of 2020
In this report, I look at recent developments in the European government bond market and how Greek 10-year government bond yields have now dropped below 1% despite the fact that Greece’s debt to GDP level is at 180% and as recently as 2012 they had spiked to 30%. I explain why yields in Europe and in particular the eurozone have been plunging are set to plunge further and also drive other yield’s like in the U.K. and the U.S. lower and possibly into negative territory as well.
My conclusion is that Central Banks have no choice but to keep QE going and keep interest rates low as any hint of rate hikes would pop the already massive bond price bubble. In effect, the Central Banks are damned if they do raise rates and damned if they don’t as the inflating bond bubble will eventually pop and hurt millions of investors and pensioners. Also: (Maneco64) – Fed Chairman Jay Powell Promises to Keep the Ponzi Scheme Going
Today I look back at Charles Ponzi and how he came up with his scheme and compare to our current Central Banking fiat currency system to show that there is little difference between them. Could you imagine how outraged people would be if they went to get their coats from a cloakroom at a restaurant with their tickets and were given a new ticket and told that their coats were gone! Well, that’s what passes for “money” or banknotes today are just a representation of money and not money itself. Also: (Maneco64) – Brexit Could Spark Financial Instability Worldwide
In this report, I look at how Brexit negotiations between the U.K. government and the E.U. as it pertains to Permanent Equivalency and the City of London could be a problem for the global financial system. The City of London is the international centre for foreign exchange, derivatives trading and host all of the international banks that are considered “too big to fail”. London basically is the centre for financial speculation and leverage for the world much Las Vegas is the capital of gambling. Also: (Maneco64) – Euro Sinks to New Low Versus Gold as Negative Yields Take Their Toll
In this report, I look at how the price of gold hit a new aa-time high of €1445 yesterday and how the continued drop in government bond yields in the eurozone and the negative rates or charges being applied to bank euro bank deposits is one of the major reasons for high net worth investors moving to the yellow metal I compare charges for euro balances set by Citibank with the storage fees for gold at Gold Investments Ltd in London. Also: (Maneco64) – “When Silver Takes Out $21 It Will Explode”: GATA’s Bill Murphy
In this report, I will be interviewing Bill Murphy, the chairman and director of GATA or the Gold Anti Trust Action Committee. GATA has been warning the public about precious metals price manipulation by the Central Banks and the bullion banks for two decades. Today Bill Murphy tells us that he thinks the “Gold Cartel” is running out of the physical supply of gold and that the open interest numbers on Comex gold are doing something they rarely ever do. Also: (Maneco64) – Central Banks Blunt the Risk Senses
Today, after a quick rundown of the markets in London I look briefly into how the Central Banking/Fiat Currency model actually goes a long way to eliminating investors and market participants sense of risk and danger. One of the main excuses for the creation of government created Central Banking monopolies is that they will be a lender of last resort. My argument is that this function of being a lender of last resort actually increases irresponsibility and rampant speculation in the financial sector. Also: (Maneco64) – Can U.S. Economic Growth Outpace the Growth of Debt?
In today’s live stream I will be conducting the usual Q & A and I will also be looking at whether the U.S. can grow its economy fast enough to make the gargantuan national, corporate and consumer debt loads insignificant. In a recent interview with Bill Maher, Steve Bannon the former White House strategist said the debt load does not matter because President Trump is a “transformational” President and that economic growth will outpace debt growth. Also: (Maneco64) – Sinking Aussie Dollar Pointing to Tough Times Down Under
In this report, I look at the technical picture for the Australian dollar versus the U.S. dollar and the price of gold. I also explain why all fiat currencies and not the just the Aussie dollar will continue to sink or lose purchasing power. I also look at an article in the FT that points out how the Australian currency could be telling us that a slowdown in China and the world for that matter is imminent. Also: (Maneco64) – Even America’s Closest Allies Are Diversifying Away from the Petrodollar
In this video, I talk about how not only China and Russia but the United States’ closest allies like the U.K., Canada, Japan, Sweden and the E.U. are taking steps through the BIS to create alternative digital reserve currencies in order to spread their risks away from the US dollar.