Say’s Law Says It All
byAs the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This…
UK market report on the growth of merchant adoption of Bitcoin and the Bitcoin social network.
byBy James Dewar Introduction This report has been prepared as a submission to The Cobden Centre, a UK thinktank. The report reviews factors related…
How a CBDC Created Chaos and Poverty in Nigeria
byIt is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank…
Economic growth and savings
byBy Dr Frank Shostak The US consumer sentiment index as compiled by the University of Michigan fell to 69.5 in August from 71.6 in…
Beware the great unwind
byThis chart strongly suggests that US Treasury bond yields, widely regarded as the risk-free yardstick against which all other credit is measured are going…
The Fed Is Losing Tens of Billions: How Are Individual Federal Reserve Banks Doing?
byThe Federal Reserve System as of the end of July 2023 has accumulated operating losses of $83 billion and, with proper, generally accepted accounting…
The global bank credit crisis
byGlobally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already…
The Real Cost of De-Dollarization
byDespite its current challenges, the US dollar’s status as the world’s main reserve currency remains integral to the multilateral trade system as we know…
Why supply precedes demand?
byIn the market economy, wealth generators do not produce everything for their own consumption. Part of their production is used to exchange for…
Money Blindness and Money Clarity
byInflation erodes economic value and distorts perceptions. People often blame rising prices instead of realizing the problem lies with the currency itself.Joakim Book Last…