Only by going back to first principles is it possible to cut through the thicket of widely accepted but deeply flawed theories that dominate the current debate in mainstream media, politics and the financial industry
Infowars posted an interesting clip of a Kyle Bass interview regarding the fate of the US dollar. Let's take a look at the video.
In chemistry you quickly discover that oil and water don’t mix. The same is true in the energy industry.
"One of the hallmarks of the 21st century is that we are all having more and more interactions with machines and fewer with human beings. If you've lost your white collar job to downsizing, or to a worker in India or China you're most likely a victim of what economists have called technological unemployment. There is a lot of it going around with more to come."
While there is great uncertainty for the market in gauging how long the Fed will maintain QE, with some fearing it may end later in the year, I can give you $3 trillion reasons why the Fed won’t end QE this year, and $4.5 trillion reasons why we will likely be talking about QE through 2017.
In a report published today, the Official Monetary and Financial Institutions Forum (OMFIF), a global organization of central banks and sovereign wealth funds, recommends that gold be remonetized for use as international money, alongside major currencies.
If it weren't for the crucial role central banking has played in pushing investor psychology further out on the risk curve, relying less on long-term interest and savings, but on a growing dependency of complex trading strategies that offer no real economic benefit, the market would not be evolving into the ugly and potentially destructive cybernetic organism it is today.
Mad scientists from MIT have taken over the markets to conduct the world's greatest experiment. What are the unintended consequences? Financial disaster is only part of it.