Alasdair Macleod

gold bars

Gold at $2k+. So why the fuss?

10/08/2020(0)
  There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March ... Read More
eurozone

The Eurozone’s financial disintegration

31/07/2020(0)
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national ... Read More
pound symbol on the floor

The pound’s future in a dollar collapse

28/07/2020(0)
  In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will ... Read More
cryptocurrency exchange

Explaining the credit cycle

24/07/2020(0)
  This article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be properly understood as current ... Read More
U.S. dollar notes are seen in this picture illustration

The new deal is a bad old deal

10/07/2020(0)
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious ... Read More
gold bars

A potential crisis in Comex gold

08/07/2020(0)
We are all used to the bullion banks covering their shorts on Comex by waiting until the speculators are over-bullish and vulnerable to mark-downs that trigger their stops. Algorithmic ... Read More
stock exchanges

Prices are going to rise — and fast!

07/07/2020(0)
  With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, ... Read More
Economy

MMT —it’s just neo-Keynesian macroeconomics

12/06/2020(0)
  The doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an ... Read More
world-euro-notes

Statistics, lies and the reservoir effect

04/06/2020(0)
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket ... Read More
inflation

Unintended consequences of monetary inflation

15/05/2020(0)
  “In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that, to fund the US ... Read More
Broker Cyprus TopFX