Global Credit Collapse Is Deflationary
NOTE TO READERS: "Global Credit Collapse Is Deflationary" was originally published as an exclusive for TalkMarkets on October 29, 2024.
NOTE TO READERS: "Global Credit Collapse Is Deflationary" was originally published as an exclusive for TalkMarkets on October 29, 2024.
The latest salvo fired at the U.S. dollar by BRICS countries includes press reports about "creating an international precious metals exchange to ensure fair pricing and trade growth".
As investors continue to gobble up stocks and the dollar prices of most assets continue to climb, it would appear that all is well.
Just a couple of weeks ago, on September 18th, the Fed announced a 50 basis points cut in interest rates.
How bad can things get? Pretty damn bad.
Kelsey Williams has more than forty years experience in the financial services industry, including fourteen years as a full-service financial planner. His website, Kelsey's Gold Facts, features articles that aim to educate and inform others about gold within a historical context. In addition to gold, he writes about inflation and the Federal Reserve.
Kelsey is the author of two books: Inflation - What It Is, What It Isn't, And Who's Responsible For It and All Hail The Fed!: A Closer Look At The Federal Reserve