Money and the theory of exchange
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on...
Goldmoney Insights
Will COVID-19 lead to a gold standard?
Even before the coronavirus sprang upon an unprepared China the credit cycle was tipping the world into recession. The coronavirus makes an...
Cryptocurrency - its status as money
The cryptocurrency craze is fascinating to an economist, or at least a student of catallactics, because it is a test of the theory of exchan...
Drop Gold and The Myths We’re Told
A Naturalist Exposition of Gold’s Manifest Superiority to Bitcoin as Money Introduction The purpose of this paper is to formally add...
The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is alway...
America’s financial war strategy
Abstract America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at...
China and the dollar
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed...
Gold’s outlook for 2020
This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the...
Equity markets and credit contraction
There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank len...
Estimating the shape of the coming crisis
We don’t know what will trigger the crisis, but a likely candidate is foreign selling of US dollars combining with a collapse in the US go...