In The News Today

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Bill Holter’s Commentary

Erik on oil.

upporting Insanity With Bailouts (On Economics)_001

upporting Insanity With Bailouts (On Economics)_002

Bill Holter’s Commentary

You mean sovereign nations don’t like the guillotine of having their assets frozen hanging over their heads? A level playing fieild…what a novel concept!

Shanghai Gold Boss Wants Super-Sovereign Currency For Post-Crisis Times
April 28, 2020

HANGHAI (Reuters) – The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.

Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic.

The measures have helped to drive gold prices to more than seven-year-highs this month, while the dollar has been range-bound. Wang Zhenying, who heads the world’s largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency was needed.