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unloved economists... pressures in the bond market
Somewhere, I posted a summation from Jim Rickards of exactly which economic "rules" most accurately represent true economic activity. Austrian Economics is the runner-up as far as accuracy. WAY down the list is our current body of economic "law". Not only has much of it been incorrect, much of it has been opposite of reality. The FED completely controls academia as far as remuneration and publishing go. The economists just had a big pow-wow in Chicago. The humor should NOT be lost that they had their pow-wow in a completely corrupt and bankrupt city. The corruption is, of course, centered on GOV employees. https://mishtalk.com/2017/01/09/expl...ea-one-person/
Academia has their collective heads up in the clouds. These clouds are brown and smelly
According to Martin Armstrong, the only people who truly understand the economy are the multi-national hedge fund managers who understand global capital flows. This makes sense because everything moves all over the globe. Academia is just too self-serving. As long as the follow the program from the FED and the bankers, they can't be counted on to have any objectivity.
The gold-bugs present a different story than the bankers but, you have to take into account that they too are biased. Just read everybody and come to whatever conclusion best seems to fit the facts.
Andy Hoffman writes very well even though he is centered on precious metals. The Death Throes Of ?Money? | SilverSeek.com
He writes about the "death of money". Money isn't likely to die as long as there is supply-and-demand for things that are needed for survival. The bond market is a different story.
Hoffman also writes about the death of the European Union. https://www.milesfranklin.com/death-...plosion-hence/above?Financial Repression Authority
There is something like $ 13 trillion in negative-yield bonds. The bond loss is the percentage loss between inflation and yields. Normally, investors would sell the bonds and go to greener pastures. This forces the CB to raise offered rates. If there are no markets that offer a better return, investors move to gold to preserve value. It has been well-proven in the courts that precious metals have been suppressed.
If the sovereign bond markets melt down as Armstrong predicts, capital would have to move somewhere else. Stocks are over-valued by about 70% so that doesn't look good. Commodities depend on consumption from a consumer base that has falling wages.
The U.S. dollar has a great utility value because it is so widely recognised and accepted as a currency. It's pretty sucky as a store-of-value. In the role of store-of-value, gold is more widely accepted than the U.S. dollar. Turkey is the number one buyer of gold per-capita. The stash of private gold in India is about 20,000 tons. The State is adamant that all wealth remain IN the system so that the bankers and the taxman have access to it. BUT, the system just isn't that simple. If all "money" is debt money, how can it be considered wealth?
Bonds are debt-notes. Their value depends on the wealth of the State of issuance. GDP is a measure of the money in circulation at a given moment. Actual wealth is a different story. The wealth of America is falling and bond holders are scheduled for a big squeeze.
Somewhere, I posted a summation from Jim Rickards of exactly which economic "rules" most accurately represent true economic activity. Austrian Economics is the runner-up as far as accuracy. WAY down the list is our current body of economic "law". Not only has much of it been incorrect, much of it has been opposite of reality. The FED completely controls academia as far as remuneration and publishing go. The economists just had a big pow-wow in Chicago. The humor should NOT be lost that they had their pow-wow in a completely corrupt and bankrupt city. The corruption is, of course, centered on GOV employees. https://mishtalk.com/2017/01/09/expl...ea-one-person/
Academia has their collective heads up in the clouds. These clouds are brown and smelly
According to Martin Armstrong, the only people who truly understand the economy are the multi-national hedge fund managers who understand global capital flows. This makes sense because everything moves all over the globe. Academia is just too self-serving. As long as the follow the program from the FED and the bankers, they can't be counted on to have any objectivity.
The gold-bugs present a different story than the bankers but, you have to take into account that they too are biased. Just read everybody and come to whatever conclusion best seems to fit the facts.
Andy Hoffman writes very well even though he is centered on precious metals. The Death Throes Of ?Money? | SilverSeek.com
He writes about the "death of money". Money isn't likely to die as long as there is supply-and-demand for things that are needed for survival. The bond market is a different story.
Hoffman also writes about the death of the European Union. https://www.milesfranklin.com/death-...plosion-hence/above?Financial Repression Authority
There is something like $ 13 trillion in negative-yield bonds. The bond loss is the percentage loss between inflation and yields. Normally, investors would sell the bonds and go to greener pastures. This forces the CB to raise offered rates. If there are no markets that offer a better return, investors move to gold to preserve value. It has been well-proven in the courts that precious metals have been suppressed.
If the sovereign bond markets melt down as Armstrong predicts, capital would have to move somewhere else. Stocks are over-valued by about 70% so that doesn't look good. Commodities depend on consumption from a consumer base that has falling wages.
The U.S. dollar has a great utility value because it is so widely recognised and accepted as a currency. It's pretty sucky as a store-of-value. In the role of store-of-value, gold is more widely accepted than the U.S. dollar. Turkey is the number one buyer of gold per-capita. The stash of private gold in India is about 20,000 tons. The State is adamant that all wealth remain IN the system so that the bankers and the taxman have access to it. BUT, the system just isn't that simple. If all "money" is debt money, how can it be considered wealth?
Bonds are debt-notes. Their value depends on the wealth of the State of issuance. GDP is a measure of the money in circulation at a given moment. Actual wealth is a different story. The wealth of America is falling and bond holders are scheduled for a big squeeze.
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