Saturday , 15 December 2018


Tag Archives: beggar thy neighbor

Consumer Indebtedness Leading to Currency Devaluation & Beggar-Thy-Neighbor Economic Policies

The current move up over the past 4 years is being driven by the Fed's loose monetary policies (just as other global markets have been driven by their Central Banks). Most bulls believe the loose polices will stimulate enough consumer demand to lead to a significant U.S. economic recovery. We, however, continue to believe the debt - laden consumer, along with the still other unresolved debt burdens, will be a major drag on the U.S. economy, (we are convinced that the market will turn down and make a triple top at levels below the peaks made in 2000 and 2007 while we resume the secular bear market that started in 2000) and that will have negative affects on the global economy.

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Richard Russell: The Last Currency Standing Will Be Gold

Inflation is the central banks' method of avoiding the pain of austerity. Inflation is the current economic narcotic that is used by modern nations. It's the old ‘beggar thy neighbor’ system, and it will ultimately result either in all out hyperinflation and a collapse of the fiat currency system or a corrective deflationary crash. Either way, the last currency standing will be gold.

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