Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Alasdair Macleod: Broken markets and fragile currencies

By cpowell
Created 2019-07-05 15:53

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Friday, July 5, 2019

There are growing signs that the global economic slowdown is for real.

As was the case in 1929, the combination of the peak of the credit cycle coupled with trade protectionism in the Smoot-Hawley Tariff Act are similar conditions to those of today and potentially pose a serious economic challenge to the post-Bretton Woods fiat currency system.

Therefore, we must consider the consequences if monetary policy fails to contain the developing recession and it turns into a full-blown slump.

... Dispatch continues below ...


Kinesis Engages Contis to Launch UK, European Debit Card for Its Digital Gold and Silver Currencies

Company Announcement
Tuesday, June 4, 2019

LONDON -- Today Kinesis Money announces the initiation of its U.K. and E.U. debit card program with Contis Group, the award-winning platform as a service that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.

The release of these euro- and pound-denominated debit cards will cement Kinesis' position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis' clients in the U.K. and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. ...

... For the remainder of the announcement:

http://www.gata.org/files/Kinesis-Contis-06-04-2019.doc [1]

Complacency over broken markets is no longer an option, with rising prices for gold and bitcoin signalling the prospect of a new round of currency debasement to avoid market distortions unwinding. This article shows why this outcome could undermine fiat currencies entirely and looks at the alternatives of bitcoin and gold in this context. ...

... For the remainder of the commentary:

https://www.goldmoney.com/research/goldmoney-insights/broken-markets-and... [2]

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