Category Currency Wars

Doublewood: A Polycentric World

The key to looking at all the current global dynamics is to understand the nature of a polycentric reality in the world’s power configuration. Polycentrism is a little-understood phenomenon in the post-WWII world, although it was not an unusual set of circumstances in other periods of world history. Here, I will not elaborate on the historical […]

Trump’s Taiwan Call – Part 2

It is impossible to know with Trump whether some “move” of his is just a poorly controlled impulse (like his Twitter messages) or a calculated effort to create or build a negotiating position. However, we know he doesn’t care about any other countries, so it is unlikely he has the best interests of the people of […]

Doublewood: Trump’s Call from Taiwan

Call From Taiwan This shows Trump’s ignorance. China policy will not be the only area in which Trump will have to “learn on the job”. By the way, he will soon learn also that being the US President is indeed a “job”, i.e., he is an employee and no longer the owner of a business […]

Doublewood: China’s Big Diplomacy Continues

Xi Jingping’s first foreign visit this year starts today. He is heading to Saudi Arabia, Egypt and Iran for a round of previously unplanned “work visits”. It was obviously hastily scheduled, and urgently necessitated by recent developments. The blow-up of relations between Saudi Arabia and Iran in the new year has raised the tension and […]

Doublewood: What’s Up With China? – Part 2

Economic Reform and Financial Environment There is a saying: “When Wall Street catches the flu, the world goes on a spin”. Now we should add a saying: “When China sneezes, the Federal Reserve freezes”. Turbulence And The New Normal The current state of global financial turbulence is in part a result of China’s major undertaking […]

Gold Markets Trojan Horse – Physical Delivery Trigger?

Reports came out earlier this month about a destructive “Trojan Horse” malware program that has infected critical U.S. software infrastructure capable of penetrating power plants, electrical grids, water treatment plants, natural gas pipelines, etc. Although there has been no attempt yet to “activate” the trojan horse since 2011, this malware sits ready to wreak havoc […]

Next Steps for PayPal/Braintree – Mobile Wallets/NFC & Blockchain Protocol

Risk to Avoid: Mobile Wallets While the mobile wallets and Near Field Communication (NFC) businesses are currently the primary growth drivers of the $90 billion mobile payments industry, it is best that PayPal let Google, Apple, Amazon, and roughly 170 other smaller companies battle it out in an overly competitive space where margin compression will […]

Public Policy Report – Bitcoin (BTC)

May 27, 2014 Public Policy Report on Bitcoin (BTC). As Amagi Metals correctly notes, FATCA is in a footnote, but requires more attention. “In essense, it’s a regulation that creates barriers to entry (international trade and money management). Regulations like this and other regulations issued by the IRS/FinCen/FBI/DOJ/etc just make the cost of doing business […]

Doublewood: Coming Attractions

Just as the year 2013 drew to a seemingly peaceful conclusion, we have to start looking at the risks lurking in the landscape and/or quavering in the subterranean crevices. To prepare you for a potentially eventful 2014 and beyond, I would like to share with you my perspectives on some big-picture matters, so that you […]

Keep An Eye On M-3

Two years ago, in my “Story On Gold – 2” essay, I described how G&C (government and central bank) discredited the meaningfulness of the broad money supply data known as M-3 (the broader measure of money, which includes money-market funds and large time deposits held by private individuals & institutions). They went on to discontinue […]

Minutes Of Kissinger Meeting On Gold, 1974 – Doublewood Analysis

In the Minutes Of Kissinger Meeting On Gold, 1974, we can read how Henry Kissinger, National Security Advisor and Secretary Of State at the time, was discussing the matter of preserving US dollar hegemony. “After Nixon “temporarily” suspended the convertibility of dollars into gold in 1971, because evil international speculators were attacking the US dollar, some of […]

PBOC Says No Longer in China’s Interest to Increase Reserves

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation. According to Kenneth Leung, professor of economics at Daniels College of Business, “Part of that move could be related with a bigger geopolitical […]

RMB Swap Line

This is the type of new knowledge and information you should keep abreast of, to avoid falling off the curve. As we continue to flaunt our disregard for USD integrity and refuse to exercise discipline on fiscal finance, the tectonic plates of the new polycentric world will move currencies into directions potentially beyond our control.  Therefore, […]

Doublewood: ICE and Onions

Latest ICE Earlier, I quipped about my exclusive World Recovery ICE (Independent Corroborative Evidence) based on the number of polluted days in my neighborhood of Southern China.  Having started it, I now owe you an update from when I reported that the world economic recovery was sluggish because I looked out and saw constant sunny blue skies.  That […]

Doublewood: Volatily That Stinks

I have reminded you to keep track of  market volatility after Japan started their reckless monetary behavior.  The Nikkei index went for a 9+% intraday dive last week after ballooning up to a 15-year record high on the same day.  Yesterday, it went for another 5+% dive.  Considering that the Nikkei had risen 65% in […]

Doublewood: “The Story of Gold”

The Story Of Gold – 1 “In nature, gold is not a currency.  In human society, gold is the natural currency.” My summary statement above reverberates the thinking of many of the greatest minds in economic history.  However, since the US abandoned the gold exchange standard in 1971, there has been a concerted effort to […]

Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus

Hidden Forces

"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire

aceloewgold

"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire

Touch Stone Connect

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