World economy on the brink World economy on the brink
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  1. #1

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    Default World economy on the brink

    This is the sound of a central bank cutting 50 basis points

    Economies at peak boom are cutting interest rates aggressively due to "uncertainty"

  2. #2

    Double Godlike!

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    Bring back the Gold Standard
    Elaine Paige "I refuse to let anyone dictate the shape of my bananas."

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    Do the central banks know something they're not telling us?

    Gold is on a bit of a roll which is also a bit ominous.

    The chickens (10 years of easy money ZIRP and QE) may be finally coming home to roost.

  4. #4

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    Quote Originally Posted by stonehenge View Post
    Do the central banks know something they're not telling us?
    FIAT currency has as much inherent worth as Bitcoin.

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    Entropy is NOT what it used to be.
    Inertia, however........................

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    I live on CUK

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    Quote Originally Posted by BrilloPad View Post
    FIAT currency has as much inherent worth as Bitcoin.
    Indeed. Except there’s a lot lot lot lot less Bitcoin. And you can move it anywhere in the world without sky high fees.. in minutes.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  7. #7

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    Quote Originally Posted by BrilloPad View Post
    FIAT currency has as much inherent worth as Bitcoin.
    Not quite though unlike crypto currencies, fiat currencies are demanded by governments for payment of taxes - this gives it a level of value as people compete with each other to obtain it.

  8. #8

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    Looks like a currency event is on the horizon, China has been accused of manipulating it's currency lower but is in fact spending a fortune to keep it higher.

    EM currencies look like falling big time, others some too leaving king dollar the last man standing.

    Gold could easily hit $1600 /oz before the year is out.

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