Brilliant explaination of the current economic predicament by Charles Hugh Smith. He explains how the Federal Reserve has now moved to the “duct-tape” era. This seems to have been confirmed implicitly by the central banks themselves in the recent BIS annual report:
link to article
What is an investor to do? Think long and hard about gold’s outperformance in the first half of this year:
link to article
The Oldest Practice in Money: The Dollar’s Decline Is Systematic
Conventional investment management and financial planning isn’t built to see it, let alone act on it. At the one moment it matters most, it’s working against your best interest.
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