Early Market Update and The Consequence of Paying Off the National Debt.
In this report I talk about our monetary system, the national debt and how both are intertwined. I also look at the early financial market action in London on Monday, May 22nd, 2017.
you are a golden find my friend, will be watching and listening as im learning. huge upvote
I always find it strange that all they talk about is the deficit and the debt is never mentioned anymore
Could a country with commodity exports use a basket of commodities to back their currency. They could pass legislation such that a percentage of the commodity exports are paid to the government in lieu of royalties or taxes. The government could then run an exchange so people could exchange currency of future delivery of the commodity. Do you think this would work? Could a government run exchange do this successfully?
Why do you need government? Let the market decide what to use as money. When government gets involved it always results in corruption and preferential treatment for some at the expense of the general public.
Your right about the euro, its basically Monopoly money. They don't bother telling there citizens anything, they make up the rules as they go along. It's sad the way things are going in Europe because for the EU the citizens are just like cattle to them.
How can we have faith in the World economy is base on Debt ? An what about emerging Economies that or Growing world wide that the currency has no reflection of there Growth ?
Always good getting your take on things. Thanks..
Really enjoy listening to your posts. Do you have any idea of what the UK gold reserves are? I remember someone saying nothing happens in politics by accident and this struck a chord with me. If China and co. are actively buying up as much gold as possible, presumably to back their currency, anyone who wants to trade with the Asian group will have to have a gold backed currency. Did brexit happen by design then, so that UK could keep her gold without putting it into the EU "pot" thereby strengthening her position for what is to come?