Irredeemable Currencies and the Fate of Europe
Categories
Trending
Monetary Metals classics
Additional resources for earning interest in gold
Gold Outlook Report 2026 Brief
The launch of our annual Gold Outlook Report comes at an unusual moment. January delivered one of the most volatile...
Read more
Understanding the different types of gold storage
Gold is the world’s most historically accurate money, trusted across millennia and multiple civilizations. After it was no longer officially...
Read more7 responses to “Irredeemable Currencies and the Fate of Europe”
Leave a Reply
You must be logged in to post a comment.
Keith, what do you expect from japan.
Keith
I just started watching you and love it. Thanks for your service
Keith, do you think we will see rising yields in some countries or we go to a near zero intrest rate which currency collapses by the malinvestment can not expand ?
Well said, and it certainly fits my assessment of our predicament. What I’d like to hear from you is your strategy for balancing the various mega forces at play here. For, as much as I hate Keynesianism, I have to agree with this purported quote that “Markets can remain irrational longer than you can remain solvent.”
Interesting concepts, irredeemable currency on the one hand has no value, garners nothing for it’s time value, and yet we still all need it. The US Gov creates untold gobs of it and somehow makes it citizens responsible for it.
Great lesson on the fact that value is mostly in the brain of the observer. The lesson appears also to be that value is created by the strong.
The sad truth is that as a country the US’s strength is waning. Isn’t it amazing how long our dominance is lasting? We can still help the Euros prop their bonds with gobs O’ dollars, created out of pixie dust.
I am working on a paper to discuss the issues of irredeemable paper money more deeply. For now, let me say that Japan is in the same boat. They, like the US, still have a robust bid in their bond market. They, like Europe, are nearing the end of the line.
Nico: I will have to leave interest rates to another discussion.
Dennis: I agree, there are trillion-ton opposing forces at work here. I plan to address the ever-rising stock market another time.
Keith
I just started watching you and love it. Thanks for your service