Turning Hard Times Into Good Times

Alasdair Macleod, Chen Lin & Michael Oliver return. Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the leeway to cut interest rates significantly after normalizing them. That has not happened. Thus, as the recession intensifies, central banks will see no alternative to deeper negative rates to keep their governments and banks afloat by eliminating borrowing costs and inflating bond prices. It will be the last throw of the fiat-money dice and, if pursued, will ultimately end in the death of them. Gold and bitcoin prices are now beginning to detect deeper negative rates and the adverse consequences for fiat currencies. After his recent return from China, Chen will share his latest thoughts about US or China trade wars. Michael whose work points toward an inflationary decline will share his latest insights into the gold, equity and debt markets.