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Alasdair Macleod: A tale of two currencies
By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, March 31, 2016
There is a widespread and growing feeling that financial markets are slipping toward another crisis of some sort.
In this article I argue that we are in the eye of a financial storm, that it will blow again from the direction of the advanced economies, and that this time it will uproot the purchasing power of major currencies.
The problems we face have been created by the major central banks. I shall assume, for the purpose of this article, that a second financial and monetary crisis will not have its origin in the collapse of China's credit bubble, nor that Japan's situation destabilises. These are additional risks, the first of which in particular is widely expected, but they are subject to the control of a command economy. They obscure problems closer to home. Instead I shall concentrate on two old-school economies, that of the United States and the Eurozone, where I believe the real dangers lie.
... For the remainder of the commentary:
https://www.goldmoney.com/research/goldmoney-insights/a-tale-of-two-curr...
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