From the beginning of this year, 70 different central banks have cut policy rates 108 times by a cumulative 81.22 percentage points, or a net reduction of 76.88 points.
We are seeing unprecedented actions from the world’s central banks. In addition, governments are announcing economic support packages to “stimulate” their economies.
Where is this “free” money coming from? Most governments are broke. Did anyone ask the question of what would happen if we chose to put the world economy into a voluntary economic depression.
Is anyone considering the effects of all of these government and central bank responses?
If you think that just because gold has not made a new high in US dollars that it is not acting as a historical medium to preserve wealth you are not paying attention.
The gold price is making new highs in most currencies worldwide. I also discuss that inflation is a monetary phenomenon and that price increases are a result of inflation of the amount of currency in circulation.
Central Bank News: http://www.centralbanknews.info/
Gold Price Charts in various currencies: https://goldprice.org/gold-price-char…