In fact, in an extreme crisis, silver may be more practical than gold as a medium of exchange. A gold coin is too valuable to exchange for a basket of groceries, but a silver coin or two is just about right.
With the devastating impact and lessons learned from the 2007-2009 economic downturn still fresh on the minds of Wall Street, the current COVID market crisis has drawn a fair amount of comparisons to the Great Financial Crisis.
1) Big top, 2) Big not, 3) Big contrarian, 4) Big tells, 5) Big levels, 6) Big events, 7) Big inflation themes, 8) Big deflation theme, 9) Big dilemma, 10) Big change.
With its systemic exposure to the Eurozone, sterling is likely to be a casualty of the failure of the euro system and shares the monetary hyperinflation characteristics of the dollar...
Tune in for this special edition of the Daily Briefing to hear from Ash and Raoul live at 4:30 PM ET. Raoul will provide an update on his macro thesis, trades…
This "capitalism" is only attractive to parasites, predators, kleptocrats, legalized looters, embezzlers, fraudsters and all those insiders whose palms get greased along the way...
