Weimar Republic
My review of Niall Fergussion's essay "America is no Weimar Republic"
Niall Fergusson has written a giddy, theater review mostly talking about Liza Minnelli and the movie "Cabaret"His points are rubbish and at the end of the article Bloomberg says quite clearly that his views are not theirs. He is a history professor at Stanford and has no economic training whatsoever. Look up the facts - the world's top 20 reserve banks have created 20 trillion dollars out of thin air in the last 6 monthsthat cash has fueled the rise in the Euro, Pound, stock market, silver, gold, lumber and many other commodities. Oil has come back from lows and is being manipulated downward by vast oil finds in Texas. US government is fine with keeping gas low to get Trump reelected and hurting Russia's biggest source of cash. But everything else is going up fast.
NONE of this takes away from the FACT that you cant cant cant cant pour a gallon of water into a pint cup and not have a big mess on your hands.
Cash is for suckers who trust the Federal Reserve's will to respect their 1913 mandate to provide the nation with a "more safer, move flexible, and more stable monetary and financial system" That will has been vaporized.
The former #3 at Goldman (David Ford) just told me that Steve Mnuchin was a glad-hander with NO ability for deep thinking or economic planning. He has flooded our system with at least 8 trillion and there is more to come to get Trump elected. The British have NOT been nearly as reckless. Look at the rise in the value of the British pound in the last 6 months on a graph. It has gone from 1.1462 to 1.3236 - 14%. There is your absolute proof. Then look at the dollar graph against a basket of currencies.
What if I am right. Best hedge, if I am, is to find a great manager and lead of men in business and back him. If you cant, then own a percentage of my Audubon that I paid $6,642,400 on Dec 18, 2019 when Joe Hudson spent $11,330,000 for a less fine example on Dec 7, 2010. I made the buy of a lifetime
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