The Federal Reserve has been printing USD and buying 60 billion of US Treasury bills a month since last fall and the process continues with no set end in sight. A side effect of all this printing is the debasement of all the other dollars that were printed previously. Since 2010 the rise in Fed’s [Continue]
Warning: Don’t Get Trapped in Your Own Reality! Housing Prices in Australia had gone up pretty much continuously without significant drops/corrections for about 35 years. So many people in Australia (also New Zealand and Canada for that matter), never saw a major pullback even during the last Global Financial Crisis (GFC 2008). So many [Continue]
China is the world’s largest buyer/importer of oil (it passed the USA in 2017) and today made their first purchase of oil crude-futures contracts based in gold-backed Chinese Yuan instead of the USD. This creates an Asian oil benchmark and allows oil exporters to bypass USD denominated benchmarks by trading directly in Yuan. In addition [Continue]