The Destructive Force Of Bank Credit

The Destructive Force Of Bank Credit

Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it. Central banks always ensure their stimulus is greater, so inflation, not deflation, is always the...
Gold sharply up as U.S. stocks plummet in high volatility

Gold sharply up as U.S. stocks plummet in high volatility

Gold prices are sharply higher in midday U.S. futures trading Thursday, on keen safe-haven demand as the U.S. stock market is sharply down on the day. The coronavirus outbreak continues to roil the global marketplace. April gold futures were last up $24.30 an ounce at...
A cash flow problem? Credit game over!

A cash flow problem? Credit game over!

We have been telling you it is all about credit for years … you will soon see the real world reasons why. It is clear the real global economy was already seriously slowing down in Q4 prior to the coronavirus outbreak. Now, China who has been the supplier to the world...