Friday , 7 August 2020


Banking

Martin Armstrong Believes A Sovereign Debt “Big Bang” Is Underway – Here’s Why (+3K Views)

Martin Armstrong sees a peak in bond prices by October 1st, 2015 and a low in interest rates from that point forward - a "Sovereign Debt Big Bang" - and, as the defaults begin to materialize over the following 2 years, a run-up in stocks for safety with interest rates rising along with share prices. Below are excerpts from Armstrong's blog complete with notable charts of his Economic Confidence Model.

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My Financial Forecast For 2015 – Gird Your Loins & Fasten Your Seat Belts!

“Gird your loins and fasten your seat belts!” Below is Part 1 of my forecast for 2015 related to financial (incl. banking & oil) matters. Those related to geopolitical (incl. Russia, China, Japan, USA, Europe & the Islamic State) particulars and U.S. domestic (incl. political, political & societal) particulars are covered in subsequent articles.

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New BRICS Bank To Give IMF & World Bank Much Needed Competition

After two years of dogged wrangling, mainly to block China's ambitions for control, the new BRICS bank was announced as a reality at the sixth BRICS summit held in Brazil with the five BRICS leaders announcing that the new bank has been capitalized with $50 billion, with equal contributions from all five. While all this is a fairly small step, it remains a highly significant one.

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Introduction Of Chinese SWIFT System Would Cause Swift Decline of USD As World’s Reserve Currency – Here’s Why

The U.S. holds great power over international monetary transactions via the SWIFT network system given the USD's world reserve currency status...It is entirely possible, however, that China and its closest partners might someday implement their own SWIFT system...The world's players could then choose between the two and, given the resentment that exists worldwide toward the U.S. for the bullying of FATCA, many would likely align with China in their SWIFT system. In doing so it would eliminate their need to comply with FATCA and other draconian U.S. demands [which might well bring about a swift] end to the U.S. dollar as the world's default currency.

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Bursting of Global Derivatives Bubble Will Be An Utter Nightmare (+2K Views)

Never before in the history of the United States have we been faced with the threat of such a great financial catastrophe but, sadly, most Americans are totally oblivious to all of this. They continue to have faith that their leaders know what they are doing, and they have been lulled into complacency by the bubble of false stability that we have been enjoying for the last couple of years. Unfortunately for them, however, this bubble of false stability is not going to last much longer and when the financial crisis comes it is going to make 2008 look like a Sunday picnic. Let me explain why I believe the aforementioned to be the case.

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Don’t Forget China When Formulating A Diversified Secure Financial Strategy

It is well known that holding uncorrelated asset classes in our investment portfolio gives diversification benefits. In the same sense, diversifying among competing or rival countries or jurisdictions helps to maximize freedom by mitigating political risk. This article discuss the merits, and ease of, diversifying in a country that virtually all have never given a second thought, let alone an initial one.

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