In the previous episodes of our Bygone Relics show we have talked about the economic destruction of money and a country’s currency. The question we answer in this episode is: How do you recover from such destruction? Darkside of the moon dark I am today. My soul must be in the Southern hemisphere on their …
The Week of June 19: UK inflation data turns out to be hotter than expected and Bank of England’s surprise is not welcomed by the markets. Looking Backwards Inflation Shocker in the UK Bank of England lifts policy rate by 50 bps to 5% in June vs 4.75% expected Biden labels Chinese President Xi a …
At Bygone Relics show, we continue discussing five of the very worst hyper-inflations and the ramifications of a currency collapse and juxtapose these historical events against the US situation today. Some of these numbers are eye wateringly high and nobody did it worse than Hungary. The worst inflation in history was the Hungarian Inflation after …
FRIDAY, JUNE 16 Well hello there… pour yourself three fingers of the good stuff and sit down. Welcome to Los Angeles and the LA country Club. Super exclusive and right next to the most revered house of debauchery in the world, the Playboy Mansion. If this course could talk…. Hugh Hefner the owner of the …
A very busy week for the markets: US CPI came out on Tuesday, FED interest rate decision on Wednesday, ECB on Thursday, and finally BoJ on Friday. All these and more are in today’s Looking Backwards Looking Forwards show. Looking Backwards US CPI Fed’s rate decision ECB raises rates Bank of Japan keeps low rates …
Last week’s thought experiment was to imagine hyper-inflation and what you would do to protect you and your won from the currency calamity. What would you buy? Invest in? Would you move? 100% inflation isn’t even really considered hyper-inflation by economists as that designation usually is at least 50% a month, but these nerds can …
Here is this week’s Looking Backwards Looking Forwards program: Who blew the Ukrainian dam up? Who blew the Nord Stream pipeline? How do we not know these things? Looking Backwards Key developments in the Ukraine war Nova Kakhovka flooding Chinese warship cuts off US Navy ship China accuses US of ‘provocation’ after near collision of …
Well hello there… pour yourself three fingers of the good stuff and sit on down. I was going to wax poetic about how the newly announced merger was good for the game of golf. I was going to say how surprised I was, but it turns out that 8 billion people were surprised less 5, …
The US has raised the debt ceiling and avoided defaulting on its debt. That’s a good thing, right? For the 90th time or whatever the number is now, we have raised the debt ceiling. America always pays its debts is a popular rhetoric, but I have to give credit to Peter Schiff who likes to …
We have news from the UK and the US: price caps for basic food, e-bikes exploding, ChatGPT hallucinating, the housing market on the decline, and tight jobs market. Looking Backwards Rishi Sunak urged supermarkets to cap the price of basic food E-bike explosion in London Attorneys have used ChatGPT to generate a legal motion Looking …