Alasdair Macleod

gold bars

Prices When Gold Is Money

09/11/2018(0)
  We are getting ahead of ourselves here. Gold does not circulate as money – yet. It might never do so. Perhaps the end of government currency, fiat money ... Read More
world-euro-notes

The biggest of big pictures

26/10/2018(0)
  I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that ... Read More
Economy

We should ditch GDP as a measure of economic activity

10/10/2018(0)
  This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as ... Read More
brexit

Will Britain ever manage to leave “Hotel California”?

01/10/2018(0)
ast thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, ... Read More
currency

Currency Woes

17/08/2018(0)
  This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of ... Read More
global-forex-fx-trading-market-singapore-china-uk-swaps

End Of Credit Cycle Dynamics

15/08/2018(0)
  While there is no starting-pistol that tells us the final phase of the credit cycle leading into the next credit crisis has actually begun, nearly all the signs ... Read More
macroeconomics

Macroeconomics Has Lost Its Way

03/08/2018(0)
  The father of modern macroeconomics was Keynes. Before Keynes there were macro considerations, which were firmly grounded in human action, the personal preferences and choices exercised by individuals ... Read More
gold bars

Valuing Gold In A World Awash With Dollars

27/07/2018(0)
Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. ... Read More
free markets

State or Individual?

20/07/2018(0)
  The most important question faced by the human race is almost never addressed in modern times: which should be the master, the state over the individual or the ... Read More
financial markets

Irrational Beliefs Are Ruling Markets

04/07/2018(0)
  To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the ... Read More
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