Michael Kennedy retweeted
"Haitians are in the park grabbing ducks, cutting the heads off, and eating them"
Springfield resident to City Council:
Michael Kennedy retweeted
Gold's performance right now is telling.
It's clear the US debt and fiscal position is beyond the tipping point.
Rising rates? Bullish hard assets. Falling rates? Bullish hard assets.
What is the market saying? Either way, the only way out is monetary expansion and inflation.
Michael Kennedy retweeted
53 years of economic and financial dominance, of exceptionalism and free markets and ingenuity, of unpayable debts and empire, hegemony and reserve currency status, all to outperform a lousy rock by ~3% per year.
Maybe financialism isn’t all it’s cracked up to be.
'In gold terms, the S&P 500 is exactly where it was in August 1971. The significance of that date is that it was the moment when President Richard Nixon severed the dollar's link to gold.' bloomberg.com/opinion/articl…
Michael Kennedy retweeted
“If I was China, I would play the game exactly as China has done…spend the bad money, save the good money.”
This is a well-annotated, 42-second clip from what was a lively discussion 👇
Is China laughing at America!?
@LukeGromen, @PeterMcCormack, and @PrestonPysh discuss China’s long-term economic strategy, which is rooted in Gresham’s Law, and why this strategy is leaving America behind.
Michael Kennedy retweeted
The Fed now admits some countries are moving to gold. But says it’s a small group.
🇨🇳 China: 1.4B
🇮🇳 India: 1.4B
🇷🇺 Russia: 144M
🇹🇷 Turkey: 85M
That “small group” represents 3B people. So 37.5% of the world is moving away from dollars towards gold.
In today's post, the authors note that the narratives about declining dollar shares in official reserves, and increasing roles for gold holdings by central banks, inappropriately generalize the actions of a small group of countries.
nyfed.org/4aEeaOv
Michael Kennedy retweeted
We know where to turn when Fed rate cuts start.
"We will take care of you." - #Trudeau circa 2020
Many nations are looking for alternatives to the dollar to reduce their dependence on the U.S. elements.visualcapitalist.co…
Michael Kennedy retweeted
A high resolution image of a solar eclipse
Credit: Sebastian Voltmer Photography
Michael Kennedy retweeted
Mark Jeftovic On Where He Believes Currency Is Heading: “The Symbolic Tokens Backed By Debt Will Turn Into A Social Credit Score Limited By Your Carbon Footprint” @StuntPope
Michael Kennedy retweeted
Carina Nebula
... 7500 light-years away in the southern constellation of Carina.
Credit: NASA/ESA/M. Livio, The Hubble Heritage Team & Hubble 20th Anniversary Team (STScI)
More: mesonstars.com
