Author Archives: Chris Belchamber

2020 Review: Fiat Money Explosion. Levitation and Instability.

  Fiat Money Explosion. Levitation and Instability.   https://www.goldmoney.com/research/goldmoney-insights/the-next-dollar-problem-has-just-arrived The US money supply explosion in 2020 was far beyond anything we have experienced before, and yet it was also just a continuation of the pattern of sustained acceleration in the … Continue reading

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Q3 2020 Review

Q3 2020 Review  In my Q4 2019 review I drew attention to the downtrend to new post 2008 lows in global growth, in terms of both trade volume growth and industrial production. This was the platform for the  global economy, … Continue reading

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Q2 2020 Review. Policy chaos adding to economic crisis.

Q2 2020 Review. Policy chaos adding to economic crisis   https://twitter.com/LynAldenContact/status/1275123151614115840 The chart above shows that the S&P 500, priced in gold, peaked in 2018, and is now in a downtrend. This correlates well with real GDP which has followed … Continue reading

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MMT Dystopia and the Ex Debt Depression

“ … not included anywhere in the Constitution was the Federal Reserve, allowing it the power to guide interest rates ever lower or infinitely purchase assets.” C Hamilton  https://econimica.blogspot.com/2020/05/how-federal-reserve-unilaterally-de.html Economic policy has now defaulted into exploding debt and central bank … Continue reading

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Amygdalotomy and Extremes Everywhere

The chart below shows the S&P 500 rally since March 23. This has coincided with:     1. A deep worldwide recession,  2. Continued US earnings decline over the last 18 months, 3  Forward expected earnings falling back down to 2017 … Continue reading

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Creditism Crisis Deepened By Covid Catalyst

​ https://charleshughsmith.blogspot.com/2020/05/globalization-and-financialization-are.html I believe the chart above shows how our financial system morphed into creditism from the late 1960s to the early 1980s, and then financial assets took off.  ‘Here’s what’s poorly understood: globalization and financialization die when they stop … Continue reading

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All Currencies Have Been Devalued or Died

“All Currencies Have Been Devalued or Died” Ray Dalio “There are only a few times in history when M2 growth exceeded real output growth over a 5-year span by the same or a faster pace than is currently the case: … Continue reading

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Opportunity From Regime Change

https://twitter.com/epomboy/status/1255520425595088901  In my view, this is a picture of a failing financial system. What little growth there has been since 2008 has been driven increasingly by debt. However, monetary velocity continues to plummet. The Fed is having to make up … Continue reading

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Solvency Not Liquidity

Lacy Hunt is a must read, in my view, given his great track record. His latest review highlights that as massive as intervention has been, and likely will continue to be, in his opinion it will be highly ineffective in … Continue reading

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WATCH JPM. Last Kiss Goodbye?

WATCH JPM. Last Kiss Goodbye? I believe perhaps the most important chart going into next week is JPM. https://twitter.com/KimbleCharting/status/1251643183647334407 Why is JPM so important? Because as massive as the Fed intervention is, in my opinion, on its own, it probably … Continue reading

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