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Alasdair Macleod: Trade wars -- a catalyst for economic crisis
7:50p ET Thursday, January 31, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod argues tonight that trade wars will weaken the U.S. dollar by reducing the flow abroad of dollars that have been recycled into U.S. Treasury instruments.
Macleod writes: "The dollar is likely to face a developing problem. It is already becoming evident that surplus dollars arising from the slowdown in international trade are shifting out of the dollar into other currencies and gold. ...
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"The dollar's bear market appears to be resuming after completing an eight-month counter-trend consolidation. Given record levels of foreign ownership of dollars and dollar investments, further declines in the dollar could easily trigger currency liquidation, making it impossible for the U.S. government to continue to fund budget deficits from foreign investors."
Macleod's analysis is headlined "Trade Wars -- A Catalyst for Economic Crisis" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/trade-wars-a-catal...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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