Watching Gold, Bitcoin, XRP and crypto as the Empires Rise and Fall
Carstens says models aren’t perfect. He says they’re “just a source of information”. “At the end of the day, monetary policymakers use their common sense and intuition.” No kidding. Carstens said that. Common sense and intuition. They don’t use data because their data and models are flawed.
"The U.S. dollar is being attacked from all sides as people are looking for substitute payment currencies. That move away from the U.S. dollar as a payment currency is a threat, but the bigger threat is whether or not there’s a substitute reserve currency. In the short run, the answer is no. So, if those countries want to get out of the U.S. dollar as a reserve currency, the only good alternative is gold." - Jim Rickards
Jim Rickards - Stocks are down. Bonds are down. Gold is down. Oil is down. The euro is down against the US dollar. Sterling is down against the US dollar. Everything is down? How can that be? It’s all because the US dollar is up.
Elaine Diane Taylor 