Currencies and Hobson’s Choice: The Trajectory for the Revaluation of the Dollar
The best thing that the US has to export is the USD. From that perspective, it is the strategic advantage of the US to create those conditions necessary for the demand of its currency. The phrase “take it or leave it” originates with Thomas Hobson from Cambridge,...The Dangers of Self-Deception: The Deus ex machina does not Exist
In the last few days Greece and Cyprus occupied the headlines again in newspapers like The Wall Street Journal, the New York Times, and the Financial Times. I apologize for being the bearer of bad news, but the deus ex machina does not exist for Greece or anyone else...Where the Middle East Meets the Gnomes of Fiat: The Segregation of Risks
It is apparent that Morsi never made up his mind regarding the ultimate Machiavellian question of whether a leader needs to be feared or be loved. The solution imposed by the military creates significant dilemmas for the western nations while raises issues of...Eluding Real Growth and the Future of Precious Metals: The Central Bank of Central Banks Signals the New Phase
The latest report of the BIS (Bank of International Settlements, a.k.a. the central bank of the world’s central banks) is very clear as to the future of further monetary stimulus when it declares: “But despite all the monetary accommodation, economic growth remains...Sign Up for Our Publications
