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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 ...


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... 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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Source URL:
http://www.gata.org/node/19206