J. Johnson’s Latest – Big Can of Worms…
September 1, 2019
I’ve been working on this Eurodollar thesis these past few days and have come across a slight roadblock, this is a huge (almost overwhelming) subject. Admittedly, the idea of how big this Eurodollar system is and what it may have been morphed into is too big for a singular article let alone several. I need more data and am having difficulty confirming multiple data points as I moved forward. The Vanderbilt article has started me on a new quest in identifying just how big of an issue the Eurodollar system may be. One thing for certain is the subject has many points with many seeming to be clouded.
The things I would like to confirm in the future will be about the actual size of the additional fiat currency flow that is outside the jurisdiction of our own laws and the actual size of this opaque system that has only expanded in size but not in understanding. Another point is how this instrument will react once the money comes home both domestic and abroad?
The Monetary Fifth Column: was an eye opener in more ways than one, it has bullet points giving me many more leads to more data, and there are many other points of fact to draw from too. Accuracy is vital and that must be first and foremost, which is why I am postponing. This article has sent me on a new quest, which will take time, to get a much broader understanding than I have already.
Bill Holter’s Commentary
Really? A nation’s wealth is determined by their ability to borrow?
America’s Wealth Hinges On Its Ability To Borrow Big – Or Else
August 31, 2019
(Bloomberg) — The U.S. economy is consistently ranked among the world’s strongest. But cut off its addiction to debt and exhaust its gold and currency reserves, and a very different picture would emerge.
The nation’s health as measured by gross domestic product per capita would plunge into negative territory without its dependence on borrowed money, according to data compiled by Bloomberg.
In fact, the U.S. would fall almost to the bottom of a ranking of 114 economies by GDP per capita. Only Italy, Greece and Japan would fare worse. That’s a seismic shift from America’s comfortable No. 5 spot on a list based on conventional measures.
To get this somewhat dystopian measure, Bloomberg took each economy’s 2020 GDP as projected by the International Monetary Fund as a starting point. We then adjusted the number by removing the ability to borrow, while adding reserves to create an alternative wealth measure.
Bill Holter’s Commentary
All I can say is WOW! He makes too much sense…the socialists will surely ostracize him!