Statistics, lies and the reservoir effect
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial...
Goldmoney Insights
Time to learn about money
An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have...
Anatomy of a fiat currency collapse
This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final...
The looming derivative crisis
The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross va...
The destructive force of bank credit
Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank polici...
Dear Prime Minister
This is an open letter to Boris Johnson about the inflationary consequences of the global action against the coronavirus with which his gove...
The Feds Bazooka misfired
The Germans – as always – have a word for it: Rohrkrepierer. Literally translated it means “[projectile] that explodes in the barrel b...
The journey to monetary gold and silver
Markets are just beginning to latch on to the economic consequences of the coronavirus. Central banks are slashing interest rates and beginn...
Milkshakes, Sugar Highs, and Gold: A Response to Brent Johnson’s Milkshake Theory
On March 3, 2020, I found myself engaged in a twitter thread with Brent Johnson[1] of Santiago Capital after I had inquired into the merits...
Oil markets predicting risk of a global recession
Oil prices have sold off sharply over the past month. Despite a series of bullish events – the US airstrike targetting Qasem Soleimani, Ir...