"As we see governments trample citizens’ rights even further, it will be cryptocurrencies that step in to give us our freedom back. Naturally, this makes a certain type of person nervous..."
"The case for gold is not about price. It is about value. And its value will become readily apparent when governments and individuals are scrambling amid the ruins of our financial system looking for something, anything, to replace worthless paper currencies..."
"One cause for concern is that renewed monetary easing by the world’s central banks might rekindle a fear of competitive currency devaluations, as it did in 2015 and early 2016."
Forget the trade and currency war: in a far more dangerous development, in China the fingerpointing over who is responsible for the country's economic mess has begun.
"Don’t be surprised to see [China] cave on some tariff threats. Trump’s base will rejoice, thinking it’s some form of victory. But, at the same time... China will more aggressively devalue the Yuan to maintain the losses in purchasing power..."
Japan's JiJi reports that the BOJ will begin a full-scale investigation to mitigate the side effects of its yield-curve control policy on bank profitability and government bond trading, resulting in the biggest drop in JGB futures in 1 month.
"In other words, for a near identical crime, Bill and Hillary's friend could escape and emerge completely unscathed while Paul Manafort may rot in jail."
On the heels of its 'stealthy' easing.. and not so stealthy The PBOC just lowered the ax on the Yuan Fix - slashing their reference rate by the most since June 2016. Offshore Yuan is tumbling to new cycle lows after the fix...
