In the U.S., the rapidly building currency crisis in the emerging markets is hardly noticed.
Newly published, not yet categorized.
In the U.S., massive stimulus has fed through to employment creation, allowing the economy to gradually recover.
In Europe, there recently were comprehensive attempts at stabilization, but the huge structural uncertainties that have beset the EU for some time were left unaddressed.
And as to central banks, we believe they are far more likely to add to gold reserves than dispose of them.
Governments have created money on such a scale that the currencies of most major economies are inherently untrustworthy. Moreover, governments from the U.S. to Europe to Japan have vowed to fight further threats to their economies with quantitative easing, i.e the creation… Read More »Currencies of most Major Economies