Alasdair Macleod

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The global debt problem

15/04/2021(0)
  It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and ... Read More
money--dollars

Say’s law and the destruction of savings

02/04/2021(0)
  This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration to say that his ... Read More
European_Central_Bank

The ECB’s financial suttee

22/03/2021(0)
  The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw ... Read More
inflation

Inflation watch: Beware the ides of March

12/03/2021(0)
President Biden has now had his $1.9 trillion stimulus package passed into law, and it will not be the last in the current fiscal year. Covid is not over ... Read More
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The future of money is gold

25/02/2021(0)
  This article explains why the successor money to failing fiat is gold, not cryptocurrencies. Cryptos can only act as stores of value so long as fiat exists. I ... Read More
global trade

Global trade in 2021

29/01/2021(0)
  So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the lack of a propensity ... Read More
gold and silver image

Don’t dismiss gold and silver…

21/01/2021(0)
  There is worrying evidence that 2021 will see the end of fiat currencies, led by the US dollar. US dollar money supply has accelerated at an extraordinary rate, ... Read More
monetary outlook 2021

Economic and monetary outlook for 2021

05/01/2021(0)
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s declining trend is already well ... Read More
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

The psychology of money

30/12/2020(0)
  The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view. What will ... Read More
european union flag and uk flag

Prospects for the UK and the pound

15/12/2020(0)
This article assesses the likelihood of the pound following the dollar into monetary hyperinflation. Between March and September, the US Government financed twice as much of its spending by ... Read More
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