Cryptos may destabilise fiat

The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is […]

Gold, Goldmoney and Mene

Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for […]

America’s Stagflation

The accumulation of monetary policy errors by the Fed is increasingly certain to culminate in the credit crisis that always marks the end of the credit cycle. Credit crises are the result of globally coordinated monetary policies nowadays, so the timing of the forthcoming crunch is not only dependant on […]

Why economists cannot forecast recessions

The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should be he or she is simply wrong. Why do I allege this? […]

Time for a new gold standard for Asia

Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also know that this is true as well. The leaders of the security and economic alliance of the Shanghai Cooperation Organisation, which now incorporates most of these peoples, […]

How gold can rescue pensions

The World Economic Forum, in conjunction with Mercers (the actuaries) recently estimated that the combined pension deficit currently stands at $66.9tr for eight countries, rising to $427.8tr in 2050. The eight countries are Australia, Canada, China, India, Japan, Netherlands, UK and US. Of the 2016 figure, $50.5tr is unfunded government […]

Debts, Bastiat and modern economics

Published on Thursday, 25 May 2017 09:49 Written by Alasdair Macleod There is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a room for the night, paying 1,000 pesos in advance. The innkeeper rejoices at this unexpected […]

End of empire

“Already, China dominates world trade. Her own economy is already significantly larger than that of the US on the PPP estimates. While being the largest consumer of raw materials, China also exports more finished goods by value than any other country.”… In last week’s Insight article, America’s Financial War Strategy, […]

America’s financial war strategy

Abstract America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, […]

Brexit triggered

GoldMoney Insights March 30, 2017                                                    And why Britain should succeed in the negotiations This is the week that Article 50 of the Lisbon Treaty was […]

Using gold as money

Goldmoney’s Personal, Business, and Wealth products are among the first to achieve recognition as compliant with the new Shariah gold standard,… …established by the Accounting and Auditing Organisation for Islamic Financial Institutions, AAOIFI, in conjunction with the World Gold Council has developed the Shariah standard on gold, which can be […]

FMQ breaks $15 trillion

Since August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. The fiat money quantityi has now breached the $15 trillion level, standing at $15,108bn on November 1st 2016, the last calculable […]

Drifting into fascism

Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because they are elected to promote the public good. The reality is […]

Why Europe must end in tears

The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week. The Italian people have had enough of their government’s economic failure, and is refusing to give it more power. The EU and the euro project have been an economic disaster for […]

The vexed question of the dollar

There is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not alone. All the major paper currencies have been massively inflated in recent years. With […]

How not to manage a currency

Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps […]

America is on a slippery slope

It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War. In early September, when President Obama landed at Hangzhoi for the G-20 summit in early September, the CIA security men were told in no uncertain terms by the Chinese that they […]

Saving the system

Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s monetarism have completely lost their way. This article addresses the confusion […]

The real message from asset inflation

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to capture it, but mostly because conventional monetary economic theory is lacking […]

The prospects for money

GoldMoney Insights June 30, 2016 In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency. If I’m right, a long-expected collapse in the purchasing power, and of the very concept of fiat currency, will evolve from current events. The […]