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

    Richer than sasguru

    DimPrawn is a fount of knowledge

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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"
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  2. #2

    Godlike

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    Bring back the Gold Standard
    Brexiteers remind me of religious fanatics, only faith, no facts.

  3. #3

    Fingers like lightning

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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

    I Am Legend

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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.

  5. #5

    Godlike

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

  6. #6

    More fingers than teeth

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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.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  7. #7

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    GJABS - scorchio!

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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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