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Monday 3 September 2018

Silver Fortune: Emerging Market Currency Chaos


Gold and silver prices ended last week strongly, but worked sideways and downwards throughout this week and will likely end around $1200 oz gold and $14.60 oz silver. 

We will be getting to our week’s interview in a few brief minutes, BUT to begin I want to share with you some highlights from a video I stumbled upon about a week ago.

In the clip are you might recognize such names as Larry Kotlikoff (a professor who often testifies before the US Congress, warning about the our having some $210 trillion dollars in total debts and unfunded liabilities at net present value). 

As well you will se e former head of research at the Bank for International Settlements, William White. And finally the man speaking most of the time, is a german monetary and development economist Richard Werner. 

He speaks frank and openly upon two points we will be discussing this week amongst many others. 

Emerging market currency chaos thanks their recently acquired $14 trillion in US dollar denominated debts, as well as the central bankers wet dream of a future cashless society where central banks can more easily bypass the more traditional fractional reserve based model of today.

- Source, Silver Doctors