Hyperinflation

Are Rate Hikes Bad For Gold?

Gold does not necessarily rise and fall with interest rates, jewelry demand in India, or any other widely believed nonsense. Rather, gold has moved in conjunction with perceptions as to whether or not the Fed and central banks have everything under control.

Unprecedented Moves Towards War With China Would "Upend Supply Routes, Trigger Global Recession"

Economic tensions are tipping over into military ones. Warships have sailed, aircraft have had close encounters, and the rhetoric of Trump’s officials has shifted dramatically from the previous era. The larger threat to the petrodollar and the continuance of U.S. hegemony has been put face-to-face with a China gaining in power and confidence, and ready to depose American dominance.

Meanwhile, Over In Zimbabwe...

They’ve threatened to throw anyone in jail who’s caught trading bond notes at anything other than the official 1:1 exchange rate. Naturally these threats have only spurred the creation of a black market where Zimbabwe’s bond notes are bought and sold at their real values. Right now the bond notes are trading at 5% to 10% below the US dollar. But this is just the beginning.

Erdogan Seeks Powers To Stay In Office Until 2029: Expect Perpetual State Of Emergency

Recep Tayyip Erdogan’s carefully planned move to become legal dictator of Turkey is in its final stages. In the wake of a foiled coup, Erdogan removed or imprisoned every judge not on his side, shut down all opposition newspapers, and jailed all of his political opponents. After his hand-picked court approved the changes Erdogan wanted, all that remains is a Public Referendum which Erdogan will win simply because he gets to count the votes...

US Financial Markets - Alarm Bells Are Ringing

If any unexpected fundamental news should emerge that throw doubt on the beliefs so widely held by market participants of late, a sizable surge in market volatility is likely to ensue.

This Is What Venezuela's New, Vertical, Banknotes, Now With Added Zeros Look Like

We've all been eagerly waiting to see them: Venezuela's crisp,brand new yet soon to be hyperinflated with many more zeros banknotes, and finally, after various failed attempts to deliver the new bills to Caracas (which according to Maduro were at least partially aborted due to pesky CIA meddling) they have arrived. And they are vertical.

Howard Marks: "So Much For The Experts"

"The opinions of experts concerning the future are accorded great weight . . . but they’re still just opinions. While I take a dim view of forecasts, and especially of opinions presented as facts, I do believe there are such things as facts.  Unfortunately, however, the concept of 'facts' is among the casualties of the increasingly partisan environment.  Recently we have seen both the elevation in status of 'non-facts', as well as the tearing down of 'real facts'."