Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

The global reset scam

  This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank ... Read More
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Annual inflation stable at -0.3% in the euro area

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in ... Read More
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The monetary logic for gold and silver

  A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying ... Read More
coronavirus pandemic

Impact of COVID-19 on household consumption and savings

In the second quarter of 2020, the EU household saving rate recorded its highest year-over-year increase since the time series began at +10.8 percentage points (pp). The main reason ... Read More
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Strong growth in global investment demand for gold in Q3

Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest quarterly total since ... Read More
euro currency

The destruction of the euro

  The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Deliveries of oil products resuming slowly

EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport ... Read More

EU Leaders Say the UK Needs to Make some movements towards the agreement, while the pound is falling sharply

  The pound fell sharply against the dollar. EU leaders did not work intensively with the UK to reach a trade deal. They are required from Britain to make ... Read More
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The emerging evidence of hyperinflation

  Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why ... Read More
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Gold prices were little changed on Monday; Silver price rose

Gold prices were little changed on Monday, as investors sought more clarity on developments in U.S. President Donald Trump’s health after he tested positive for COVID-19 last week. Spot ... Read More
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