Podcasts about nirp

Looking ahead to next week's BoJ monetary policy meeting, Fujita-san joins us to share her views of what to expect including the timing of QT, the rate hiking trajectory, terminal rates, and the inflation outlook. Yamawaki-san explains what's been driving the move up in JGB yield post NIRP. With regard to the upcoming MPM, we see some upside for yields from here as the market is underpricing rate hikes relative to our view, and demand from Japanese lifers is blunted as they await better yield levels. Speakers: Thomas Salopek, Head of Global Cross Asset Strategy Ayako Fujita, Chief Japan Economist  Takafumi Yamawaki, Chief Japan Rates Strategist This podcast was recorded on 5 June 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4714146-0, https://www.jpmm.com/research/content/GPS-4711466-0, https://www.jpmm.com/research/content/GPS-4714651-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. Central bank meetings have provided tailwind for risk assets. Economists see BOJ potentially hiking again as soon as July. BOJ members increasingly confident on inflation target with discussions revolving around ending NIRP. European policymakers also increasingly comfortable with June rate cut.Companies Mentioned: Blackstone, Qualcomm, Boeing, United Airlines

Well, they did it. The Bank of Japan ended its NIRP and YCC, raising its call money rate for the first time in forever. That's not the issue. Why they did it is open for debate, one that right now is taking place across markets. It's not going well for the rate-hikers. Eurodollar University's Money & Macro AnalysisBoJ Statement March 19, 2024https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2024/k240319a.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

In this episode of the SB Talks podcast, CEO Vincent O'Neill sits down with CIO Nick Ryder to discuss the latest in global economics. They examine the recent RBA rate pause decision and the nuanced shifts in central bank language. They delve into the Bank of Japan's departure from its negative interest rate policy (NIRP) and the outcome of the recent Shunto wage negotiations. Lastly, they discuss Stanford Brown's comprehensive Fixed Income Sector Review and the intricacies of investing in cash, investment grade and high-yield credit as well as government bonds, all with an eye toward improving portfolio diversification, capital stability, liquidity and income generation.   Music provided by: Autumn Trumpet Background Corporate by LesFM | https://lesfm.net/ Music promoted by https://www.chosic.com/free-music/all/ Creative Commons CC BY 3.0 https://creativecommons.org/licenses/by/3.0/

European bourses are mixed; US equity futures are lower, RTY underperformsBoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying; RBA U/C, dovish tweak to guidanceDollar is firmer and trades around 104.00, JPY underperforms post-BoJ, AUD pressured post-RBABonds incrementally firmer as attention turns to US 20yr supplyCrude and XAU are modesty softer, weighed on by the stronger DollarLooking ahead, Canadian CPI & Supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mixed as markets digested the first of this week's central bank announcements.BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying.RBA kept rates unchanged whilst providing a dovish tweak to its guidance on rates.JPY and AUD lag peers post-rate decisions with USD/JPY back on a 150 handle.European equity futures indicate a slightly lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% on Monday.Looking ahead, highlights include EZ Labour Costs, German ZEW, Canadian CPI, Comments from BoJ Governor Ueda & ECB's de Guindos, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. The market awaits the next batch of US data, following Tuesday's CPI report. Today we get the PPI which feeds into the Fed's preferred inflation gauge, and Retail Sales which will show the strength of the US consumer. In Asia, BOJ tightening speculation continues to mount with the Nikkei reporting the board to discuss scrapping the NIRP at next week's meeting.Companies Mentioned: Archer-Daniels-Midland, Walt Disney

US equity futures are indicating a slightly lower open as of 04:45 ET. This follows mostly higher markets in Asia, whilst European equity markets have also opened higher. No change the in broader narrative, with few directional drivers in play as markets head towards the holiday slowdown. There was a big drop in UK inflation with the headline at a two-year low and under 4%. Takeaways from yesterday's BoJ decision were dovish, with April still seen as the most likely for NIRP exit.Companies Mentioned: Masimo, Apple

APAC stocks traded mixed amid a deluge of data releases at month-end including disappointing Chinese official PMIsBoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from targetEuropean equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after cash markets closed higher by 0.4% yesterdayDXY is firmer and just below the 106.50 mark, JPY lags post-BoJ, EUR/USD has pulled back beneath 1.06Looking ahead, highlights include German GDP Flash, French Flash CPI, EZ Flash CPI & Flash-Prelim. GDP, US Employment Costs & Consumer Confidence, Speech from ECB's de Guindos, Supply from Italy.Earnings from AB InBev, BASF, Stellantis, BP, Marathon, Caterpillar, Pfizer, SYSCO, AMD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BoJ maintained NIRP and the 10yr JGB yield target at 0% but widened the reference range to 100bps up or down from targetEuropean bourses & US futures in the green, with Europe unreactive to CPI & GDP dataAction which followed mixed APAC trade given numerous data release incl. disappointing Chinese PMIsUSD/JPY to 150.76 peak, DXY below 106.0 with EUR bid while Antipodeans divergeFixed benchmarks underpinned into month-end and largely unreactive to EZ dataLooking ahead, highlights include US Employment Costs & Consumer Confidence, Speech from ECB's de Guindos & Nagel. Earnings from Pfizer, SYSCO, AMD & Yum China.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Fri, 06 Oct 2023 23:45:00 GMT http://relay.fm/downstream/54 http://relay.fm/downstream/54 Jason Snell and Julia Alexander The WGA strike is over, so what does it mean? Also, your letters! [Downstream+ subscribers also get: Don't blame the writers for the end of Peak TV, Max gets interesting, Amazon adds ads, and Disney ♥️ Charter.] The WGA strike is over, so what does it mean? Also, your letters! [Downstream+ subscribers also get: Don't blame the writers for the end of Peak TV, Max gets interesting, Amazon adds ads, and Disney ♥️ Charter.] clean 2416 This episode of Downstream is sponsored by: Electric: Unbury yourself from IT tasks. Get a free pair of Beats Solo3 Wireless Headphones when you schedule a meeting. Links and Show Notes: Get Downstream+ and don't miss a segment! Submit Feedback Writers Guild Tentative Agreement Details Released – The Hollywood Reporter The Great Streamer Transparency Fallacy - Puck TASKMASTER SUPERMAX+ Houston Astros and Houston Rockets To Launch New TV Network Next Week - Sports Illustrated Inside The Astros

Fri, 06 Oct 2023 23:45:00 GMT http://relay.fm/downstream/54 http://relay.fm/downstream/54 NIRP 54 Jason Snell and Julia Alexander The WGA strike is over, so what does it mean? Also, your letters! [Downstream+ subscribers also get: Don't blame the writers for the end of Peak TV, Max gets interesting, Amazon adds ads, and Disney ♥️ Charter.] The WGA strike is over, so what does it mean? Also, your letters! [Downstream+ subscribers also get: Don't blame the writers for the end of Peak TV, Max gets interesting, Amazon adds ads, and Disney ♥️ Charter.] clean 2416 This episode of Downstream is sponsored by: Electric: Unbury yourself from IT tasks. Get a free pair of Beats Solo3 Wireless Headphones when you schedule a meeting. Links and Show Notes: Get Downstream+ and don't miss a segment! Submit Feedback Writers Guild Tentative Agreement Details Released – The Hollywood Reporter The Great Streamer Transparency Fallacy - Puck TASKMASTER SUPERMAX+ Houston Astros and Houston Rockets To Launch New TV Network Next Week - Sports Illustrated Inside The Astros

Nora Szentivanyi is joined by Ayako Fujita and Benjamin Shatil to discuss the latest developments in the Bank of Japan's path towards monetary policy normalization. We do not expect the new BoJ nominations to materially affect the timing of YCC removal which we still see taking place around mid-2023. However, rising demand-side pressures on prices and growing market pressures suggest risks are for an earlier move. Our forecast also anticipates an eventual exit from negative interest rates (NIRP) by 2024. The BoJ's shift will have important implications for capital flows and the yen as Japanese investors continue to rotate investments from foreign assets back to domestic debt. This podcast was recorded on February 13, 2023. This communication is provided for information purposes only.  Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4332950-0.pdf  https://www.jpmm.com/research/content/GPS-4310608-0  https://www.jpmm.com/research/content/GPS-4316195-0   for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.  

Tom welcomes Lawrence Lepard back once again to discuss the markets, mining industry, and the fragile state of the economy. Lawrence discusses the supposed massive discovery of gold in Uganda and why it's hype and absurd. It would have to be about a hundred times the richest mines in production today. A high dollar encourages countries to find alternatives. We're living in a world of monetary chaos and enormous debt structures. ZIRP and NIRP have created enormous financial distortions which are only getting worse. We never imagined that money could get this cheap and markets could get so overvalued. The bubble has found a pin and everything is down twenty plus percent. If they don't pivot, we're looking at a major recession or depression because a Ponzi can't be tapered. Markets are going to go to zero if Powell maintains his approach. We've seen 31 trillion in valuation loss worldwide in equities. We've wiped out one and half times total annual U.S. GDP in paper wealth in six months. Gold in comparison is only down six or seven percent over the past year. Gold is hanging in and is likely finding a base for the next leg up. Gold and Bitcoin are non-state money alternatives. The Fed is trying to make the dollar more sound, and the next act this fall will see another big leg down in equities. Housing will continue to decline as mortgage rates climb. This fall, they will realize the economy is crumbling, and they will pivot. Then we will see gold and Bitcoin will go to the moon. They have to pivot, the only question is when. The old world is gone, and we're not going back to two percent inflation. We may have reached peak house inflation as that market had gone parabolic. This environment will be very choppy. Those that control the economy, default policy will be to debase the currency. We've had certain sector almost express hyperinflation over short time-frames. High inflation leads to hyperinflation. We need nuclear power and a more sober approach to energy investment globally. The Fed creates bubbles that naturally lead to busts, which can devastate the average person who is trying to make correct choices. Time Stamp References0:00 - Introduction0:34 - Uganda Finding Gold?5:43 - Fed & Dollar Strength17:40 - Hard vs Soft Money23:47 - Pause the Taper?28:07 - Inflation + Deflation31:54 - Defining Hyperinflation32:56 - Channeling Volcker36:07 - Sizing Positions38:04 - ESG & Energy41:20 - Nuclear & Geothermal44:35 - Roaring 20s Story47:50 - Sound Money Fix54:17 - Wrap Up Talking Points From This Episode The dollar and why the Fed is certain to pivot.Sound money alternatives and the next leg down in equities.Energy markets and the need for nuclear. Guest Links:Newsletter: http://eepurl.com/gOf1dTWebsite: http://www.ema2.comTwitter: https://twitter.com/LawrenceLepard Lawrence W. Lepard is the Founder and Managing Partner of Equity Management Associates. He has spent his entire 38-year career as an investor, principally focusing on venture capital opportunities. Before co-founding EMA, Mr. Lepard spent 13 years at Geocapital Partners, in Fort Lee, NJ. There he was one of two Managing General Partners and was responsible for several venture capital funds. Before Geocapital, Mr. Lepard spent seven years at Summit Partners in Boston and California, where he was a General Partner at Summit I and Summit II. Mr. Lepard received his BA in Economics from Colgate University, and he received an MBA with Academic Distinction from Harvard Business School.

The latest podcast episode brings together KBRA's Joan Feldbaum-Vidra, Managing Director and Head of Sovereigns, and Ethan Heisler, Editor of The Bank Treasury Newsletter, who published an NIRP report in September 2020. Citing key takeaways from the report, they note that NIRP has not fully delivered on its promises and, as a policy tool, showed shortcomings given that negative rates cannot fall below the storage cost of money.

The latest podcast episode brings together KBRA's Joan Feldbaum-Vidra, Managing Director and Head of Sovereigns, and Ethan Heisler, Editor of The Bank Treasury Newsletter, who published an NIRP report in September 2020. Citing key takeaways from the report, they note that NIRP has not fully delivered on its promises and, as a policy tool, showed shortcomings given that negative rates cannot fall below the storage cost of money.

Tom welcomes a new guest to the program, Gary Wagner. Gary has been a technical trader for over 25 years and is the executive producer of "The Gold Forecast," a daily video newsletter. Gary discusses how people are waiting for more stimulus, but the next program will likely not arrive until February. The economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. The Fed has stated that interest rates will remain unchanged as they still have some options in their toolbox. Expect gold and equities to continue to do well in this environment. We've had the most massive budget deficit on record at three trillion to fund this crisis. There is still a lot of work to be done, and he expects that 2021 will have a similar or perhaps even larger deficit than 2020. The government will likely continue bailing out specific sectors through next year. Typically Democrats spend more than Republicans, and there is much uncertainty surrounding Trump. What America needs no matter who wins is a peaceful transition of power. From now on, there could be a lot more protests. Gary discusses how fast technology is moving quickly and why that makes him cheerful and optimistic about the future. Gary believes cryptocurrencies will find a place in the fabric of society. Crypto allows third world countries and developing countries to transfer value with relative ease. He likes silver as it will outperform gold during moves but will also correct harder to the downside. There is a finite amount of both metals, and there will always be intrinsic value with these assets. He discusses what being a hybrid technical trader means for him and how he was mentored by two great technical traders Larry Williams and Don Bollinger. He says, "Making money isn't that difficult. Keeping it is the hard part." Finding the tops is the hard part of the markets, and he discusses some of the alternative trading techniques he uses. Time Stamp References:0:00 - Introduction0:50 - Election thoughts.2:15 - Stimulus timeline.3:30 - NIRP not necessary… yet.4:30 - Pandemic and Vaccine.6:13 - Deficits next year could be huge.7:55 - Why the recent rally?9:40 - Liquidity risks and the Fed.11:20 - The new business normal.12:50 - Currencies and holding dollars.14:50 - Silver thoughts.16:00 - Hybrid technical trading.23:10 - Technical trading resources.25:30 - Price/stock moves going forward. Talking Points From This Episode Stimulus after the elections.Central bank policy.Expect a large deficit next year.Technical indicators and Eastern methods. Guest Links:Website: https://thegoldforecast.comTwitter: https://twitter.com/TheGoldForecast Book Suggestions:Seiki Shimizu: https://tinyurl.com/y3rp2be6MasterWorks: https://tinyurl.com/y48vz77dSteve Nison: https://tinyurl.com/y42a9yytTrading Applications: https://tinyurl.com/y45ku44l Gary S. Wagner has been a technical market analyst for 25 years. A frequent contributor to Stocks & Commodities Magazine, he has also written for Futures Magazine and Barrons. He is the executive producer of "The Gold Forecast," a daily video newsletter. He has been a speaker for financial seminars, including Futures West and the Dow Jones Financial Symposium, which travels throughout the world. He is co-author of "Trading Applications Of Japanese Candlestick Charting," a John Wiley publication. His specialties include Technical Market Analysis, Stocks, Commodity Markets, and Forex Exchange. He has a unique approach with Japanese Candlestick Charting in combination with Western Technical Analysis.

Just as we suggested in our last podcast that you shouldn’t give up on modeling a steepening yield curve, the same might apply to a negative rate scenario. It is important to be prepared for unlikelihoods in the market.

Tom welcomes Jan Nieuwenhuijs onto the show to discuss the commodity markets, gold, and the problems within central banking. Jan explains how many issues with the Comex are due to misinterpretations of the data, and so far, he doesn't see any fraud. There are only unsubstantiated rumors that the Comex has failed to deliver. Futures markets act as a hedge for many players, and it is normal for open interest to be concentrated in the near month. This year's deliveries are higher than in the past, but it's quite normal to see large open interest positions. Jan discusses how speculation on these markets work and why there were many lucrative arbitrage plays early this year. He discusses central bank's activity and why inflation has yet to appear in the financial system. QE is creating imbalances in the system, and eventually, inflation will appear because central banks are in a dead-end street and can't reverse. Deflation is like kryptonite for central bankers because lower prices result in lower wages, making it more difficult for people to repay debts. Jan discusses how gold is fairly evenly distributed amongst the world's nations, and why the trend may be toward a new multi-currency system where gold becomes the benchmark standard. Lastly, Jan explains the strategic secrecy around gold by governments and central banks and the risks to the financial system if they discuss gold openly. Time Stamp References:1:25 - Problems in the Comex?2:20 - Open interest and delivery.3:30 - No evidence of failure to deliver.6:15 - Reasons for large open interest.8:00 - Arbitrage and bullion banks.11:40 - Optimal gold in your portfolio.12:20 - Recommends holding some physical.15:10 - Bitcoin being better than gold.17:20 - Inflation and currency creation.20:40 - Why the Fed can't have deflation.22:50 - ZIRP, NIRP and Bond Bubbles.25:10 - China, world gold reserves, and treasuries.28:30 - Europe and a global gold standard.30:30 - Secrecy of central banks around gold.36:35 - Could gold go lower? Talking Points From This Episode The Comex and rumors regarding these markets.Why gold will become the standard.Benefits of bitcoin, but comparing it to gold may be a mistake.Central banks cornered, inflation, interest rates and bonds. Jan Nieuwenhuijs is a financial researcher and gold analyst. He started his career in the Dutch movie industry, but become fascinated by economics after the Great Financial Crisis. In 2013 he began researching the Chinese gold market, which he found was three times larger than what was widely assumed in the West. His work on the Chinese gold market gained him global recognition. After researching the Chinese gold market, he studied international economics, financial markets, and the global monetary system. He has worked at a BullionStar in Singapore, Voima Gold, and does consultancy work in Finland. Guest Links:Twitter: https://twitter.com/JanGold_

Tom welcomes Jan Nieuwenhuijs onto the show to discuss the commodity markets, gold, and the problems within central banking. Jan explains how many issues with the Comex are due to misinterpretations of the data, and so far, he doesn't see any fraud. There are only unsubstantiated rumors that the Comex has failed to deliver. Futures markets act as a hedge for many players, and it is normal for open interest to be concentrated in the near month. This year's deliveries are higher than in the past, but it's quite normal to see large open interest positions. Jan discusses how speculation on these markets work and why there were many lucrative arbitrage plays early this year. He discusses central bank's activity and why inflation has yet to appear in the financial system. QE is creating imbalances in the system, and eventually, inflation will appear because central banks are in a dead-end street and can't reverse. Deflation is like kryptonite for central bankers because lower prices result in lower wages, making it more difficult for people to repay debts. Jan discusses how gold is fairly evenly distributed amongst the world's nations, and why the trend may be toward a new multi-currency system where gold becomes the benchmark standard. Lastly, Jan explains the strategic secrecy around gold by governments and central banks and the risks to the financial system if they discuss gold openly. Time Stamp References:1:25 - Problems in the Comex?2:20 - Open interest and delivery.3:30 - No evidence of failure to deliver.6:15 - Reasons for large open interest.8:00 - Arbitrage and bullion banks.11:40 - Optimal gold in your portfolio.12:20 - Recommends holding some physical.15:10 - Bitcoin being better than gold.17:20 - Inflation and currency creation.20:40 - Why the Fed can't have deflation.22:50 - ZIRP, NIRP and Bond Bubbles.25:10 - China, world gold reserves, and treasuries.28:30 - Europe and a global gold standard.30:30 - Secrecy of central banks around gold.36:35 - Could gold go lower? Talking Points From This Episode The Comex and rumors regarding these markets.Why gold will become the standard.Benefits of bitcoin, but comparing it to gold may be a mistake.Central banks cornered, inflation, interest rates and bonds. Jan Nieuwenhuijs is a financial researcher and gold analyst. He started his career in the Dutch movie industry, but become fascinated by economics after the Great Financial Crisis. In 2013 he began researching the Chinese gold market, which he found was three times larger than what was widely assumed in the West. His work on the Chinese gold market gained him global recognition. After researching the Chinese gold market, he studied international economics, financial markets, and the global monetary system. He has worked at a BullionStar in Singapore, Voima Gold, and does consultancy work in Finland. Guest Links:Twitter: https://twitter.com/JanGold_

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Cameron. “Do you think that negative interest rates will come to Australia?” Today – look at what would trigger a negative interest rate policy (NIRP) – exchange rates, economic conditions like employment or inflation, then debt levels – at the household level The cash rate was cut to a record-low 0.25% in March and has remained there since. The Reserve Bank board insists it will not increase the cash rate until progress is being made towards full employment and it is confident that inflation will be sustainably within the two per cent to three per cent target band. Negative interest rates are a pretty dramatic financial measure to take – But lots of drastic measures have been taken recently – those by governments and central banks to help boost the Australian economy In a quarterly statement on monetary policy the RBA says negative interest rates would be an “extraordinary unlikely” course of action At this stage - the RBA has again signalled it won’t be moving to negative interest rates – so for now they are ruling it out – but will they still have this same position moving into the future   Current look at the outlook for rates in the short term ASX 30-day interbank cash rate – future implied yield curve - The indicatorcalculates a percentage probability of an RBA interest rate change based on the market determined prices in the ASX 30 Day Interbank Cash Rate Futures – form of financial betting on interest rate movements 25% is the current - RBA decrease would go to 0% Up until Feb 2022 – about 50/50 is what the market expects – In the short term – over the next week – no change – 36% - decrease to 0% is 64% So the market is expecting a decline in the short term- not 100% accurate – it is a best guess based around all the current information – but this information can change Next RBA meeting is the 6th of October – may be a chance that the rates are cut then depending on But the indicators don’t point to anything negative at this stage – so what are the probabilities of it going negative   Exchange rates The Reserve Bank concedes negative interest rates would be a stimulatory benefit by putting downward pressure on the Australian dollar Covered the exchange rate basics over the last few FF episodes - The RBA believes the Australian dollar is “broadly in line with its fundamentals” This means that they think that there is no need to intervene through moving the interest rates to help the exchange rates However – if the AUD becomes above what they consider to be fair value – they might be more comfortable to move interest rates down to help reduce the exchange rates So at this stage - Under the current circumstances – the current RBA policy approach is probably not going to be reconsidered – so the exchange rate isn’t going to be what creates a situation for a NIRP   Economic indicators – inflation and employment Employment - It forecasts – in what the RBA calls its baseline case – the unemployment rate will hit a peak of 10 per cent in December, rather than the nine per cent rate predicted three months ago. Stimulus measures at this stage has kept the unemployment figures lower than originally anticipated – the job keeper payments The RBA then expects a gradual easing to seven per cent by December 2022 Employment is one contributor to inflation through – and other factors like GDP GDP growth - RBA also expects economic growth will contract by 6% this year Also expects that the recovery will be slower than previously thought – so GDP growth is slightly lower than the forecasts Expect that Australia’s economic growth will take several years to return to the trend path expected before the economic downturn However – this was before the situation in Victoria with the lockdowns – this creates a situation of further reduced growth in the September quarter delay the recovery beyond what was originally forecasted The government expects as much as well - Finance Minister Mathias Cormann said the situation in Victoria was clearly “having a very bad impact on the economy nationally”. Outside of Government or RBA forecasts – other economic figures showed the pace of contraction in Australia’s services sector and business was slowing in July - but that was before the situation in Victoria emerged – which will lower the forecasts further Looking at other indicators - The Australian Industry Group’s Australian performance of services index rose 12.5 points in July This index with a number of above 50 shows economy expanding – currently sitting at an index of 44.0 points - shows that contraction is at play These was some evidence the national economy was stabilising before the Victorian shutdown – but with this occurring – it may slow down the pace of recovery – If it does – and employment doesn’t return by as much – RBA may drop rates – but this alone wouldn’t be justification to go into the negative territory Inflation - The RBA has released its latest forecasts - expects underlying rate of inflation will remain below 2% until at least December 2022 – so for more than 2 years Current inflation – gone into the slightly negative territory Inflation over the past 10 years – has been below the band range – a little below 2% p.a. Inflation is probably going to be the biggest thing that the RBA is looking at for interest rate policy Petrified of the deflation materialising   Looking at one of the other biggest indicators IMO for negative interest rates – Household debt levels Looking at the countries with negative interest rates at the moment have two major things in common – 1 and 3 on the list of Household debt to GDP levels – as well as persistently low levels of inflation Switzerland and Denmark – Household Debt to GDP - 132% and 112% respectively – but Australia is number 2 on the list at 120% The next down is Norway and Canada with 105% and 102% respectively Switzerland has a negative cash rate of negative 0.75% - GDP growth forecasts of 1.5% to 2% Denmark – current cash rate is negative 0.6% In Denmark - the banks have launched the world's first negative interest rate mortgage This means they are handing out loans to homeowners where the charge is minus 5%a year Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned There is one other country with negative rates – at negative 0.1% - That is Japan – they have relatively low household debt levels though – about 59% - Their level of Government debt is at 237% Debt levels – with negative rates it helps to pay it off However – the end result of getting inflation is the most important factor here – Looking at countries with negative interest rates – Household debt to GDP is typically high and inflation is very low – but this has to be so for some time for the RBA or central banks to take the extreme measures Would expect that Australia may see negative interest rates – if out household debt to GDP stays at an elevated rate – and if our inflation rate stays below the 1% level for some time Would have to be a number of years – 2-3more as an estimate for negative rates When looking at the fixed loan rates for the major banks – like the big 4 - are one pointing factor that an interest rate drop is likely – The household debt to GDP is another – basket of countries with highest household debt Even though it isn’t a solution – it is seen as the tool that monetary officials have at their disposal to try and get inflation to materialise – This is done through their Desire to help boost GDP growth at the same time through reducing the cash people spend on mortgage – and instead can spend more in the economy More money can spend – the more GDP growth should return and the more inflation should come back – but this ignores the supply side to the equation – another story for another day With increasing levels of debt on new loans due to lowering interest rates – even though interest rates are low – means that there is additional household cashflow going to pay back debt – So less towards economy – less inflation based around the measurements Comparing other countries with negative rates – Inflation in Denmark – been between1-0% since 2014 – been low for some time Inflation in Switzerland – been between -1% and 1% since 2010 – so been also low for some time Inflation in Australia – Has been present – up until recently – the big question will be if this returns as to if we go into the negative rate territory over time If inflation in Australia starts to lag and our household debt to GDP remains high – on the road towards negative interest rates But plenty of other countries have low to negative inflation rates at the moment – the thing to look out for is persistent low inflation rates – for many years But negative rates come with costs too. They can cause stresses in the financial system that are harmful to the supply of credit and they can encourage people to save rather than spend Hurts savers as well – individuals with cash in the bank would start having to pay the bank to store money - With offset accounts Whilst the RBA has said they are ruling out negative interest rates – the current measures may have little long term impact in boosting the economy – due to the high levels of household debt levels Therefore – end result may be that the NIRP may be coming to Australia The RBA would never say this until it was likely to occur – Forward guidance can freak the market out – At this stage – not likely – but if things don’t improve or deteriorate – especially inflation – then will likely come to Australia It Wont be exchange rates that cause this – will be lower GDP and Inflation rates not being in line with the RBA economic wishes – so they will take measures to make this happen The only tool in their arsenal is to keep lowering rates Thanks for the question Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

Welcome to Finance and Fury. Last Monday – talked about exchange rate basics Summary - There are a number of factors that go into analysis of the fundamental health of economies and the implications for currency movements – and in turn these can affect the exchange rates – Went through indicators that show the flows and trends of supply and demand - like the balance of payments (capital and current accounts) and the level of foreign reserves a country has – including economic indicators like inflation, interest rates, GPD – all go towards affecting the exchange rate movements – but these are only at a cross currency level when looking at say the AUD to USD Today – Look at some of the reasons behind movements of AUD to USD Major things to look at: Central bank policy – interest rates, inflation expectations – influence trading behaviours Trading positions – what professionals are betting on The trade markets – current account and capital accounts – historical data No way to accurately predict the movements minute to minute – reading tea leaves – so what do the leaves say   Starting with central bank policy - The AUD/USD exchange rate has been retracing some of its decline -   However – a small Reversal of this trend started following the Federal Open Market Committee (FOMC) Minutes being published - The Federal Open Market Committee- group within the Federal Reserve System responsible for overseeing the nation's open market operations - makes key decisions about interest rates and the growth of the United States money supply Shows the power of central bankers over currency – even based around their statements (not actions) currency exchange rates can move - AUD/USD pulled back from a fresh 2020 high of 0.7276 – this was due to that in the FOMC Minutes – the Fed foreshadowed a change in the monetary policy outlook- said they would employ an outcome-based approach versus a calendar-based forward guidance  Under ‘calendar-based guidance’, the central bank makes an explicit commitment not to increase interest rates until a certain point in time. Under ‘state-based guidance’ or outcome-based approach the central bank says that it will not increase interest rates until specific economic conditions are met. Feds reasoning - “a number of participants noted that providing greater clarity regarding the likely path of the target range for the federal funds rate would be appropriate at some point.” – but not at this stage Forward guidance is what markets respond to here – what central banks are pointing at for the decisions So the current market conditions may keep the exchange rate afloat as the crowding behaviour in the US Dollar looks poised to persist over the remainder of the month However, it seems as though the FOMC is in no rush to alter the course for monetary policy the committee vows to “increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace,” Chairman Jerome Powell said that they will stick to the status quo at the next interest rate decision on September 16 as the central bank extends its lending facilities through the end of the year Back with Australia - At the same time, the Reserve Bank of Australia (RBA) Minutes suggest Governor Philip Lowe  will also retain the current policy at the next meeting on September 1 as “the downturn in the first half of the year had been smaller than predicted,” and the central bank may carry out a wait-and-see approach throughout the remainder of the year – so they have a outcome/state based approach as well The RBA is waiting for the likely effects now that the government’s fiscal stimulus programs like the Jobkeeper Payment have been extended for a further six-months. Looking at the interest rates - the RBA may continue to rule out a negative interest rate policy (NIRP) for Australia as “members agreed that the Bank's policy package was continuing to work broadly as expected,”  the limited scope for additional monetary stimulus may provide a backstop for AUD/USD as the FOMC shows little intentions of scaling back its non-standard measures in 2020. As a result, the Australian Dollar may continue to outperform its US counterpart as AUD/USD approaches the 2019 high (0.7295) – now the currency is above this – gone to 0.7366 and current market conditions may keep the exchange rate afloat as the crowding behaviour in the Greenback looks poised to persist for a little while yet – Everyone was jumping into safe investments – either USD or USD backed securities like treasuries – look at this late with the capital account RBA Governor Phillipe Lowe stated that “The Australian economy is going through a very difficult period and is experiencing the biggest contraction since the 1930’s. As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now underway in most of Australia”.  When looking at the Aus interest rates - At the last RBA rate decision on August 4, officials chose to hold the overnight cash rate at 0.25 percent Also - maintained that same yield target for 3-year bonds – a few weeks ago, officials said they are prepared to adjust the stimulus package if the circumstances warranted it So policymakers believe that additional fiscal and monetary support may be necessary for some time However - if economic improvement continues better than expected – the need to introduce additional stimulus will reduce This may then push AUD higher if investors focus on swift recovery expectations But many things could upheave this – such as heightened geopolitical tensions between Australia and China – which could cap the currency’s gains The other thing that is being looked at - Economic Stabilization efforts As the statement by RBA Governor Phillipe Lowe states: “The outlook remains highly uncertain. The recovery is expected to be only gradual”. However – if the Governments re-imposes more aggressive lockdown measures – may create additional negative sentiment – affect things like current account This being said - may be offset may renewed risk appetite and signs of global stabilization. For a country like Australia – that has a cycle-sensitive currency based around trade and that is tied to an outward-facing or export economy - early signs of improvement in global trade is re-assuring The data to watch here are trading reports– such as PMI reports (Purchasing Managers' Index - shows prevailing direction of economic trends in the manufacturing and service sectors) – so if this is increasing and is coming out of developed and emerging markets – reinforces the notion of improvement, the Australian Dollar may rise However – if it is lower than anticipated or starts to decline – then the AUD may decline Major thing about economic stabilization – effect on currency movements will be to the magnitude of aggressive support by central banks But this come from flow on effect – such as how this affects business confidence and risk appetite – if this goes up - adds another upwards pressure on the AUD. Looking at Deutsche Bank’s Australian Dollar currency index compared to an AUD inflation swap zero coupon (10Y) shows price growth expectations rising in tandem Shows at the moment there is an underlying expectation that future economic activity will rise, and with it, price growth in the form of inflation – not hugely – back to around 2% So a change of tone in the RBA’s sense of urgency may magnify AUD’s gains - particularly if economic data domestically and in China – Australia’s largest trading partner – shows a brighter outlook and geopolitical tensions simmer down Traders – what is happening in currency markets between AUD/USD Sentiment reports - shows retail traders have been net-short AUD/USD since April – latest update showing 44.00% of traders are net-long the pair – which went up slightly – as there was a small decline in the net-short positions The recent rise in net-long position comes as AUD/USD bounces back from the previous low - while the decline in net-short interest could be indicative of stop-loss orders being triggered as the exchange rate trades to a fresh yearly highs – now at 0.7366 However - Overall – 26% of traders are bullish whilst 74% are bearish – but these traders are short termed focused – looking at the day/week price more so than a longer term trend Looking at the technical data - but the Relative Strength Index (RSI) – indicates if an asset is overbought or oversold – showing currency is slightly in the overbought territory. Keep in mind, the advance from the 2020 low (0.5506) gathered pace as AUD/USD broke out of the April range, with the exchange rate clearing the January high (0.7016) in June as the Relative Strength Index (RSI) pushed into overbought territory. AUD/USD managed to clear the June high (0.7064) during the previous month even though the RSI failed to retain the upward trend from earlier this year, with the oscillator pushing into overbought territory for the fourth time in late-July. The RSI started to indicate that there was an establishment of a bullish trend in July as AUD/USD traded to fresh yearly highs, but the indicator continues to deviate with price as it snaps trendline support after failing to push into overbought territory.   The trade markets – current account and capital accounts – historical data Balance of payments Current account – was positive for Aus – large exports being around $8.5bn worth next minus imports US – no shocker is still a mass importer – negative $50bn – so this is in Aus favour Capital Account – capital flows - negative $11.5bn for AUS – so some capital flight has been occurring AUs not going on holidays – more money being spent here – less overseas – may be a factor for exchange rates US saw a massive capital inflight in March – was close to $350bn in a month – since then has been on the decline as well Foreign reserves – AUD has declined – since March gone down from $90bn to $60bn USA – has risen – Went from $128bn in March to just under $140bn last month But still the major contributing factor seems to be the central banking policies at this stage   So in summary – Expect the currency to be volatile – Likely to go through periods of movements upwards above over time – but will have reversals along the way Central banks are playing a wait and see game – But this can be in Australia’s favour - with the Federal Reserve doing absolutely nothing to save the US dollar anytime soon, the AUD rising relative may be a trend that should continue to have legs going forward for the near future – obviously – if the US all of a sudden wish to raise their currency on the floating markets – they have deeper pockets – Alternatively – if conditions change – which they will – currency could go anywhere Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

Tom welcomes Trader Stef, a new guest to the show. Stef has a background in the investment banking industry, and today she regularly posts her technical analysis on her website and Twitter. Stef discusses the Fed's decision to leave interest rates low until 2023. They are also considering eliminating the 2% interest rate target, allowing for higher inflation rates. In nominal terms, we are already at negative interest rates, and countries in Europe have been negative for some time. Officially the Fed doesn't want to enter NIRP territory, but factoring inflation, then we are already at those levels. The velocity of money is a measure of how fast dollars are changing hands in the real economy. When money velocity is this low, significant inflation is unlikely to appear. She discusses breaking the all-time high in gold and what that means for this secular bull market. Stef gives us Fibonacci upside targets for gold and silver. She points out that we are overbought, but we could run farther and farther than investors might think possible. There are additional Fibonacci levels she believes may act as resistance levels in this bull market. She says, "The longer a market runs hot and higher, the harder the fall or chop will be no matter the type of asset. Don't go chasing strength; consider taking some profits and re-invest your position." Time Stamp References:0:40 - Covid strains and risk of a comeback.4:25 - Real vs nominal interest rates.8:15 - NIRP/ZIRP and Feds official policy.13:00 - Money Velocity, US Dollar, and MZM21:15 - Hot markets and how far they can run.23:10 - Silver expectations.29:15 - Sell-off risk during next market correction. Talking Points From This Week's Episode• Fed interest rate and inflation policies.• Why inflation will remain low due to money velocity.• Gold and silver Fibonacci targets.• Avoid chasing strength and consider taking some profits. Trader Stef pursued a career within the NYC investment banking industry beginning in 1996, where she developed a diverse skillset and earned accomplishments while working with C-level Wall Street talent. These skills include executive administration, human resourcing, the registered representatives "bullpen," technology and communication, training education and development, business analysis, and global risk management. Her interest in the precious metals began in 1999 while following financial market trends post-Dotcom bubble and 9/11, then exited corporate investment banking in the dark days of the great financial crisis after five years in risk management at Citigroup. As an independent investor-trader, Trader Stef was mentored and began cutting her professional technical analysis teeth in a live trading room venue for three years. This was when she developed and hosted a Precious Hour live webinar. A BFA with high honors from one of the leading visual arts institutions in the world and freelance work in photography and publishing in New York City afforded her an uncanny ability to readily recognize intricate stock chart patterns in combination with various technical studies. The Precious Hour specializes in gold and silver, mining stocks, and general equities, combined with research on industry fundamentals, global news, geopolitics, and monetary policy, otherwise known as Fusion Analysis. Her technical analysis charting has promulgated through social and financial media platforms since 2013. She interviews with financial publications and appears as a guest on live talk radio, provides market analysis behind the scenes upon request. She also publishes articles about the precious metals industry and financial markets. Trader Stef can be reached via the links below and through her Twitter, where a follow is not necessary to send a direct message. She says, "Don't miss the archive of material uploaded at my YouTube channel." Guest Links:Twitter: https://twitter.com/TraderStefYouTube: https://www.youtube.

Alex Iantaffi interviews Addison Rose Vincent (they/them), a 27-year-old queer transfeminine nonbinary advocate from Los Angeles, CA. Born in Canada and raised in Michigan, Addison moved to California at the age of 17 to come out as part of the LGBTQ+ community and pursue their dreams. Since graduating from Chapman University with a major in Peace Studies in 2015, they have worked for several Los Angeles non-profit organizations providing direct services to LGBTQ+ people facing sexual or domestic violence, housing insecurity, unemployment, addiction, and risk for HIV. Addison now serves as the Executive Director of the Nonbinary & Intersex Recognition Project (NIRP), a national advocacy organization working to create third gender options (X) on state IDs and help end invasive "corrective" surgeries on intersex youth. Addison is also the Founder & Lead Consultant of Break The Binary LLC, the Founder of the Non-Binary Union of Los Angeles (NBULA), and the Co-Director of History Reimagined. NIRP: www.intersexrecognition.orgEmail info@intersexrecognition.org Break The Binary LLC: www.breakthebinaryllc.comAddison's Instagram page: @breakthebinary Support the show (https://www.patreon.com/genderstories)

In this episode I answer a few questions during a live broadcast i did about what are negative interest, how do they affect the economy, and how will they shape things going forward in the Great Depression 2.0 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/hipturist/support

I've been adding to my Bitcoin position in the past week. The cryptocurrency currently trades at a network value of $120B, or just about 4.5% of the $2.7T it moves annually. This compares to fintech companies like Paypal, that trade at ~14% of annualized money moved. I think the long-term thesis for Bitcoin to become digital gold, and be worth several $T in network value is more intact than ever. Governmental policies reacting to this economic crisis will fuel more fiat currency printing, and potentially negative interest rates ... these macroeconomic conditions are making more more bullish on the need for Bitcoin than ever. The only way to get out of this crisis will be to print absurd amounts of capital (for both the US and Europe). What are your thoughts about Bitcoin's potential and valuation??

The monetary experiments with zero interest rate policy (ZIRP) and negative interest rate policy (NIRP) continue to be overlooked as the "new normal." What are the intended—and unitended—outcomes of these unprecedented policies? In this episode, Everett summarizes the economic risks associated with persistently low and negative rates. He also examines the argument that paying negative interest is not an unusual idea or practice.

Put more cash flow in your pocket by refinancing now. Refinance conditions are ripe: equity up, interest rates down. If you own property and interest rates rise, then hold. But if you own property and rates fall, you can refinance. This way, you’re playing both sides. Sometimes you can negotiate a lower interest without refinancing. Negative interest rates mean borrowers & spenders win, savers lose. GRE listener Andrew Stanton (Email: apstanto@gmail.com) joins me to tell us how this show has changed his life. This San Diego-based GRE follower works as a computer engineer and he’s building his investment real estate portfolio. Losing his job helped Andrew realize how important it is to have multiple income streams. The concepts of ROTI, your return from home equity is always zero, and “Don’t Quit Your Daydream” resonate with him. __________________ Resources mentioned: Andrew Stanton’s Email: apstanto@gmail.com GRE YouTube Channel: GetRichEducation.com/YouTube Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Welcome to Finance and Fury,  Last week – talked about Goodhart's law - "When a measure becomes a target, it ceases to be a good measure." – yet central banks have made inflation the policy target – Went through permanent QE and lowering rates and cashless economy Today – talk about fiscal expansion from govs and the need for deficit monetisation (helicopter money) and final step of abandoning dollar as reserve currency – effects on economy To start - Step 3: Fiscal Expansion and Deficit monetisation The QE and lowering interests will flood banks with ‘liquidity’ = lots of money to lend out – to themselves (wall street) or main street - If this doesn’t work - government may eventually assume the role of resource allocator, through public spending financed by a permanent increase in the money stock If government spending does not help either, then helicopter money might, which is to allocate resources directly into the pockets of households – either cutting taxes or UBI Fiscal expansion – The government spending more Fiscal expansion may help, when coupled with monetary printing. Public spending in infrastructure, clean energy to cope with global warming, technologies, and education are obvious candidates. China example – GDP Consumption is lower than west – USA 71%, Aus think in the high 60% - China sits in lower 30% Net exports only about 4-8%, large portion is Government spending and investment Deficit monetisation - Monetizing debt is thus a two-step process initially The government issues debt (Government bonds) to cover its spending The central bank purchases the debt from secondary markets Then perpetually rolls it over – issue more money to continually buy it back Gov issues $1bn bond today to the market – 10y maturity – someone buys it (banks or super funds) – then central bank buys these off banks or super funds - it injecting money to be reinvested or lent So Govs know that they can raise easy quick cash from issuing a bond – as Bank, investment manager or super fund will buy it off them and exchange the cash – and the buyer knows that the central banks will buy them back off them – sometimes at inflated values as issuing more money decreases interest rates = increase the price of the bonds above face value So the middle men make profits, gov gets its cash for spending, then central bankers get to carry out monetary policy unopposed to all 3 parties benefit – as the central bank makes income from the cash rate they issue funds at It turns out that Both Quantitative Easing and negative interest rates policies (NIRP) alone have turned out to be deflationary. QE led to banks hoarding cash - resulting in a reduced impact on money supply = destructive at negative rates Negative rates lead to banknotes hoarding (it just started in Japan, Switzerland) - contracts the money supply further: a smaller propensity to invest as uncertainties about the future growth, with fears of expropriation/bail-in/wealth tax, right at a time of lower inflation expectations and prospective returns. Central banks and Governments will need to go further – Helicopter Money The concept of helicopter money refers to Milton Friedman’s thought experiment of 1969 - If there are negative rates why cannot there be negative taxes? In economics, a negative income tax (NIT) is a welfare system within an income tax where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.  Aus Gov – low-income tax offsets, franking credits = exactly this – I think it has benefited us – but debt has finally caught up and the ever-increasing regulations hasn’t helped So far in this list of policy tools, negative rates are synonyms of wealth tax, and bail-ins in disguise. As such, intrinsically deflationary. Which means self-defeating, as the whole point is to resurrect inflation in a moribund economy overloaded with too much nominal debt. But negative rates may become pure incentive to spending, and boost the velocity of money, if and when coupled with various forms of tax cuts, both temporary and permanent ones: raising minimum salaries, temporary / depletable spending coupons. Some of the traits of this form of fiscal expansion may be inspired by Roosevelt’s New Deal, a series of government programs implemented between 1933 and 1938 to provide relief to people suffering during the Great Depression. - may lead to a temporary suspension of laissez-faire capitalism. Crisis policymaking should then target two objectives: Currency debasement: to reduce the value of debt vis-à-vis productive economy / income stream, to decrease debt ratios overhang Velocity of Money and Money Multiplier: to boost private sector spending, for both businesses and households, and its impact on output I hope this is starting to make sense – that this is a bought and sold system that is promising ever increasing spending for vote – who doesn’t like free stuff? Like $10k p.a. no questions asked – if politicians proposed this a lot of people would vote for them, regardless of any other policy. Summary – three levels of monetary redistribution – Banks, govs and households Objectives - A debasement of coinage is the practice of lowering the intrinsic value of coins,  Issuing with leaving the system with an increased supply of money – the value of it goes down Inflation is slow – but when it kicks in it can go quick – hyperinflation Eventually, there will be too much debt for future productivity increases in the economy to pay off – using debt to grow is fine – as long as the growth is enough to pay off the debt Final step: De-Dollarization and IMF’s SDR Reserve Digital Currency If you are a fan of history – know that our current version of the dollar is been around for a while – but similar to older civilisations (asyrians, romans) – currencies collapse – Many problems today including deficit spending, trade deficits, and income inequality have their roots in 1971 Current state of economy – after Brenton woods 1944 – US become the major player – global reserve currency – then form 1971 – off the BW system – Kissinger got the Petro dollar going – oil in OPEC nations had to be sold in USD – any leader who deviated (sadam, gadafi, alasad) US seemed to take a keen interest into very quickly after – That is a major thing keeping the USD up in demand IMF has been moving towards replacing the USD as the global currency reserve – tried to do it in 1969 with the issuance of the SDRs – basket of currency backed by gold – could be used as a reserve instead of the USD – way to increase the monetary supply – but then 1971 comes and USD abandons any backing to Gold – making this SDR useless – so switches to basket of newly floating currencies Which is why central banks have taken so much control – floating currencies need more management to maintain stability – remember central banks major goals is economic stability – includes currency controls Today – China and Russia (both had negative effects on their economy/currency from US monetary policy) As if it can be controlled – it can be used as a form of financial warfare – sanctions, being cut off from payment systems and exchanges China and Russia - spoken in favour of a de-dollarization of the global economy China - like Keynes’ proposal for a common accounting unit - dismissed at the Bretton Wood – Originally called the Bancor, now it is the SDR Central banks are running out of printing press – and the negative effects of their environment it evident Like everything central planned – goes horribly wrong – in Soviet Union and China it was with peoples lives – for US and Aus, UK, EU – it is just economic growth that suffers – which is a blessing – unless Gov wants to get into authoritarian rule SDR – Basked of currencies used as a reserve currency – Rather than hold 100% USD as reserves, 44%, plus China, EU, Frank, Pound. Current suggestions for a possible way of dealing with it: National Central Banks could increase their SDR allocations at the IMF (thus expanding their balance sheets in the process, which accounts for more QE) The IMF would then play the role of resource allocator and invest in member countries Investments may include supra-national projects – Covered in SDGs – there is no shortage of push for infrastructure spending $6trn is needed annually over the next 15 years to address global warming Don’t forget the additional $7.1trn necessary to invest for the purpose of global growth Shifting reserve currency regime and investing in SDRs achieves a dual mandate of QE and Fiscal Expansion on social impact and growth-enhancing projects. Also, it takes the utility function away from mere US domestic needs, at a time in which there is a disconnect between what serves the interest of the US and what matters to the rest of the world. Europe has similar issues between Germany and the rest of the Union, which the EU could not address as yet: a supra-national body may attempt at that again, with or without the EUR. Needless to say, such policy coordination may well be utopist and far-fetched; however, the US Dollar plays his current role only given global coordination at Bretton Woods in 1944, so no much reason to believe this is an eternal fact of life either. Summary Central Bank keeps going with monetary printing and permanent quantitative easing Debase the currency faster than the speed at which deflation increases the real burden of debts in the economy Gov - starts large-scale fiscal spending programs Monetized by the Central Banks through a permanent increase in the money stock, which further balloons its balance sheet Banks are cut out as the middle men – money wasn’t getting out to the people but pumped into housing or between the banks Banks as the transmission channel failed there – instead – plan to have income redistributed – the aim is to spur more growth The government implements tax cuts, negative taxes, temporary spending coupons, permanent minimum salaries, so to re-allocate resources directly to households and forcefully reset inflation expectations. Against this backdrop, there are negative rates on deposits, so to penalize cash hoarding and incentivize spending, and a cashless economy, so to prevent banknotes hoarding / bank runs and have more grip over inflationary spirals. Sometimes later, a new reserve currency emerges in the form of IMF’s SDRs, which may one day compete with the US Dollar in dominant reserve currency status. In another way - inflation / currency debasement is default by another name. Inflation curtails the value of fixed income claims as much as default, at a time where there is too much debt for too little growth. Seen as a more politically palatable course of actions than going through outright defaults Plus - rising tide to lifts all boats but Big losers are the banks, and creditors in general But at least the interest curve steepens back up, inflation expectations reset, rates rise without defaults, business gets unclogged and starts all over again. Banks get re-capitalized once, from zero, as opposed to multiple times in small increments out of negative profitability over a decade long period. The economy may then spring back to life, inflation and growth may resurrect.   Thank you for listening today. If you want to get in contact you can here: https://financeandfury.com.au/contact/  

The United States is just one bad recession away from being right back at zero interest rates or even lower, Larry Summers warned on CNBC on Monday. “It’s a very different world when everyone’s stuck at zero interest rates,” said Summers, a critic of President Donald Trump who served as former President Bill Clinton’s Treasury secretary and as an economic advisor for former President Barack Obama. Watch this full episode on the RTD website here: https://www.rethinkingthedollar.com/us-economy-is-just-one-recession-away-from-nirp-rtd-live-talk/

In this episode we discuss ZIRP and NIRP, the insanity of 84 month car loans, Boeing's ongoing issues with the 737 Max, how the Kardashians got their money, and a fake story about a Saudi Man -- who acts kinda like Florida Man but with a few billion more dollars -- and stress the point that neither Ann nor the other person on the podcast gives investment advice. Evar! Feedback: please send your questions, comments, and suggestions to podcast@barnhardt.biz The Barnhardt Podcast is produced by SuperNerd Media; if you found this episode to be of value you can share some value to back to SuperNerd at the SuperNerd Media website. You can also follow SuperNerd as "Roman McClaine" on Twitter.

Real interest rates have been negative in the US for many decades. Eric Dubin joins the Metals & Markets this week to discuss NIRP and more… Eric Dubin interviewed by […] The post NIRP, Real Negative Interest Rates We’ve Had Since 1990s | Eric Dubin appeared first on Silver Doctors.

Watford football club players will be wearing the Bitcoin symbol on their sleeves because a gambling company will be paying for it. All of today's topics boil down to some form of gambling. The new Bobby Lee hardware wallet is a gamble. Negative interest rates will encourage people to borrow to buy "stuff"(a gamble). Leveraged BTC trading and regular altcoin trading are forms of gambling. Gambling is impulsive while BTC takes deferral of gratification. Recorded in Tel Aviv, Israel! WATCH the show here- https://www.youtube.com/watch?v=vkfU-bLMdjE Follow Adam on Twitter- https://twitter.com/TechBalt All of the BitcoinMeister videos are here at http://DisruptMeister.com BitcoinMeister Facebook- https://www.facebook.com/disruptmeister --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/bitcoinmeister/support

QE, NIRP, ELB, MMT. Fancy acronyms with disastrous consequences. Get your Silver Fortune silver bar here! Use SF10 for 10% off: https://mkbarzandbullion.com/collections/social-media-community-collaboration-bars (I am compensated per bar sold) Support Silver Fortune, shop at SD Bullion! Free shipping over $99, and a 1 oz. round for new customers! https://sdbullion.com/sf (I am compensated by SD Bullion when the at spot round is claimed by new customers) Support Silver Fortune through Patreon: https://www.patreon.com/silverfortune Any content within this video or any other video by the Silver Fortune channel is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewhere, and should not be constituted as legal, investment, or financial advice. Make your own financial decisions, or consult a professional if you'd prefer to go that route. The Silver Fortune channel disclaims any liability for legal, financial, or investment decisions made. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/silver-fortune/support

"Please see description below"... "We empower home sellers, buyers, investors, builders, developers, influencers and business partners to do what they are great at because they understand the importance of an elite real estate team and desire a strong support system behind them. They trust their advisors to help them make the decisions that best suit the advancement of their goals. ——————————— The Legacy Group is a full service real estate brand that operates not only in the real estate and real estate investing world, but also the digital marketing world. The team has completed hundreds of real estate transactions and has helped many more with their goals and business endeavors. We put more money into our client’s pockets by using data driven measures and by being the best negotiators in our market. The Legacy Group was started by Brandon Gentile who is a serial entrepreneur and found his calling building businesses and helping others do the same. TLG TV is a way for the team to give maximum value back to the market and provide exposure to the virtues of real estate and explode the myths inside of it. Not only will we have Q&A and industry issues but we will be bringing in business owners from every walk of life to bring value to you. To find the your home value go to: https://bit.ly/2ppDGE0 Check out our 98 Point Home Seller Checklist here: https://leads.legacygroupmi.com/98pointsellerchecklist Learn How to Win In Multiple Offer Situations: https://leads.legacygroupmi.com/multipleoffercheatsheet For your free list of Clarkston Homes for Sale: http://bit.ly/2wrsbjZ Find The Legacy Group here: Website: http://www.legacygroupmi.com Facebook: http://facebook.com/legacygroupmi Snapchat: https://www.snapchat.com/add/bmcneilg Twitter: http://twitter.com/legacygroupmi Instagram: http://instagram.com/legacygroupmi ——————————— TRANSCRIPTION: Paying the bank to save your money. NIRP and ZIRP It does sound like a Dr. Seuss book, but it's not. It's just interest rates coming soon to a bank near you. It's something that I've been reading about a lot over the last handful of years. As everyone knows, when you put money in the bank, you get interested. Generally, we get very little interest now because the interest rate is so low. So it's making people go invest in other things like the stock market and fine art collectibles, in real estate, whatever it may be. That's why those asset prices have all ballooned. Consequently, that's why there's a bond bubble. There are bubbles all over the place because interest rates are so low. It's making people jump into other investments, looking for a return. Because remember, inflation is 2%-3% they say a year, probably more. So think about your wealth being eroded. If you're not making .. [CONTINUE READING AT https://legacygroupmi.com/july-2019-insiders-report-nirp-and-zirp/]

All-Star Danielle DiMartino Booth is on fire this week! Danielle says the Fed's language change at the Chicago conference can only mean one thing: They're getting markets ready for NIRP. Not ZIRP, but NIRP!

David McAlvany, Chen Lin and Michael Oliver are this week's guests. Poor souls who become addicted to drugs or alcohol most often find the immediate pain of withdrawal far too great to discontinue their pathological behavior. To avoid pain they continue behavior that invites near-term death. Likewise central bankers continue their easy money addiction suppressing interest rates to zero and below, ensuring that death of capitalism and poverty are sure to follow. The recent interest rate pivot by Powell's Fed in response to a plunging stock market at the end of 2018 shows the Fed has no courage to allow interest rates to rise to restore price discovery of capital. Given the almost certainty of zero and negative interest rates in the future, how can we best respond for wealth protection? We will seek answers to that question from all three of our guests this week. Chen will offer some of his top picks and Michael will update us on his latest view for gold.

This week Marty and Matt discuss: - Canadian Revenue Service asking for BTC addresses: https://twitter.com/kyletorpey/status/1103467047412002817 - Ripple, FinCen agreement: https://twitter.com/nic__carter/status/1103356359284805633?s=20 - Is Bitcoin Twitter engagement back at 2015 levels?: https://twitter.com/matt_odell/status/1103673829832970240 - ABCore 0.70 released: https://twitter.com/LarryBitcoin/status/1102255072799535105?s=20 https://play.google.com/store/apps/details?id=com.greenaddress.abcore - QE, NIRP creeping - BlockFi Interest Account: https://twitter.com/BlockFiZac/status/1103293858283245569 https://twitter.com/vandrewattycpa/status/1102953966537752576 - Coinbase: https://twitter.com/coindesk/status/1103443720307912704 - Facebook going private?: https://twitter.com/SarahJamieLewis/status/1103476030503739393?s=19 - Facebook 2fa phone number leak: https://www.theblockcrypto.com/tiny/facebook-faces-criticism-for-handling-of-phone-numbers-required-for-2fa/ - Chinese database surveillance leak, https://www.eff.org/deeplinks/2019/03/massive-database-leak-gives-us-window-chinas-digital-surveillance-state - QuadrigaCX update, https://www.theblockcrypto.com/2019/03/07/quadrigacx-co-founder-michael-patryn-allegedly-traded-large-positions-on-bitmex/ Shoutout to this week's sponsors: Honeyminer, head over to stackingsats.com and download Honeyminer today. The one-click solution to mining altcoins to stack sats. Unchained Capital, if you're in the Austin area on Monday March 11th, 2019 Unchained is demo'ing their new multi-sig vault product. If you're not in Austin, do not worry. The event will be live streamed. Link to attend below: https://www.meetup.com/Austin-Bitcoin-Developers/events/259337229/

Watch Shaun Richards from Not A Yes Man Economics explain how the war on cash/having a cashless society will help central banks impose negative rates with impunity. Find out- If blaming cash for all the scams is logical or merely an argument made by our central bankers to trick the ordinary Jo into keeping money into a digital account in a bank and spend it with a bank card or credit card or checks. #cash, #digitalmoney, #economy, #UK

Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent financial journalist, Eric Dubin are back for Episode #27 of Welcome to Dystopia. to start the show, Jason and Eric discuss the latest jobs numbers and how that applies to reality. Eric thinks the market shook off the numbers and started to put a bottom in for gold, silver and mining shares after the jobs report was released. Jason and Eric discuss how the short correction in gold and silver may be over. Jason and Eric discuss how broken models and bad academic theories are making the real economy way worse! Jason and Eric name a bunch of current events and examples from academic Keynesian economists and members of the Federal Reserve desperate to tinker with the economy further for dire consequences for people on Main St. ​The long-heralded The Curse of Cash by prominent Harvard professor and former IMF chief economist Ken Rogoff is now in bookstores. This proto-fascist screed argues for the elimination of all $100, $20, and even $10 bills so that criminals will have a more difficult time doing business and all ordinary citizens would eventually have to use electronic cards to may all payments, transfers, etc. and so that central banks will be able more effectively to carry on their various schemes of ZIRP, NIRP, etc. http://www.ronpaullibertyreport.com/archives... Jason says the global economy is one giant economic minefield where some mines are visible for people to see the dangers and some mines are slightly below the surface and people can't see. Jason and Eric discuss the broken economy, the broken healthcare system, the broken (corrupt) mainstream media and broken academic theories and models during this longer than usual show. Scumbag Nominees: 1) Huffington Post for firing David Seaman for writing an article about the health of Hillary Clinton 2) The USDA for agreeing to buy 11 million lbs of cheese for $20 million to prop up dairy prices for subsidized US dairy farmers 3) Mylan CEO for the EpiPen Controversy & the FDA for blocking quality generic drugs http://www.zerohedge.com/news/2016-08-25... 4) Gary Johnson- http://www.ronpaulinstitute.org/archives... Jason and Eric conclude the show discussing Hillary Clinton.

Jason Burack of Wall St for Main St interviewed returning guest, editor of The Hat Trick Letter at Golden Jackass http://goldenjackass.com/, Jim Willie. Infowars offering a Hillary for Prison T Shirt for only $10 (at cost)! http://www.infowarsstore.com/hillary-for-prison... Jason asks Jim a number of questions about the global economy, SDR bonds, the upcoming global economic reset, gold and Hillary Clinton including: 1) Why do you think the US Dollar, US Treasury market and global economy are headed for a major crisis in the next 2-3 months? 2) Why do you think China is pushing for a SDR backed bond? Is it because the RMB is about to go into the SDR basket? 3) It seems like Europe is in the middle of a widespread banking system crisis over there. Do you think Deutsche Bank will be nationalized soon and what about the other European banks? Who will bail them out? 4) Jacob Rothschild recently came out in public and said he is very bullish on gold and he's been adding more because of negative interest rates. Why do you think so many billionaires all over the globe are coming out and going on the record warning about the next looming financial crisis, getting out of stocks and bonds and buying gold? 5) Why do you think central banks like the Swiss National Bank and Norway's central bank are loading up on gold and silver stocks? 6) What's the next global economic system going to look like after the reset? 7) Will you be purchasing a Hillary for Prison T Shirt before the November election? (Feel free to go off on a rant about Hillary)http://www.infowarsstore.com/ hillary-for-prison-ver-3.html Jim Willie says many countries are looking into going back to gold backed currencies (not just China) and he says the Federal Reserve may be spending $20-50 trillion per month in bailouts for banks already!

Interest rates have been near 0% for almost eight years now and we have printed trillions of dollars into the economy since 2008!  Negative interest rates are happening all over the world… What does all this really mean!? Where is the U.S. economy going? Are we really in a recovery like Federal Reserve Chairwoman Janet Yellen says? Is gold a good place to put money even after the 25% rally just this year?  Don’t miss this panel discussion with top Austrian economists from FreedomFest 2016 where these questions and more are answered!

We're going to start with some discussion about the DNC last night. It's apparent the progressives are using a "divide and conquer" approach to victory this year. Divide you by race, class, gender, sexual identity or otherwise and then ensure you they are the only group that can protect your (enter your group) from the oppression it is under.From there we shift gears to something you're not going to hear any mainstream news outlet covering. For the past year or so I've been warning you about the danger posed by governments outlawing currency. I know many of you consider it to be one of my more kooky theories. But we're starting to see signs of serious fracturing in the banking industry brought on by negative interest rate policy or NIRP.Today we're going to look at two possible scenarios on how the endgame might play out and I'm going to tell you how I would protect my assets if given the chance. It's a chance our government will never allow, but it's a simple solution that would protect our money from inflation and economic collapse. Listen, Share, Subscribe! JasonSupport the show.

Jason Burack of Wall St for Main St interviewed first time guest, former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/, Catherine Austin Fitts. Catherine's bio can be found here: http://solari.com/about-us/catherine/ During this 35+ minute interview, Jason starts off by asking Catherine how she thinks China will deal with the debt problems the country has with its state owned banks and municipalities? Catherine thinks China will try to address its debt problems by a combination of growing its way out of its problems and also by printing a lot of RMB and then exporting them outside the country like how the US has done for decades with exporting massive amounts of Dollars. Jason and Catherine discuss China copying the US in a number of ways including militarily. Next, Jason asks Catherine about global financial repression from all the world's major economies and how economies like Japan, US, UK, EU and China are attempting to manipulate interest rates lower while also manipulating their foreign exchange rates. Jason also asks where negative interest rate policy (NIRP), a cashless society and the US' war on cash fit into this? Catherine talks about how governments are working together more to coordinate policy decisions. It sounds like the US is willing to relinquish some control in exchange for a one world government type setup. Jason then asks Catherine about her January 2016 issue of The Solar Report where she talks about investing in space industry companies and the plans the central planners have for colonizing Mars and space travel. Catherine thinks this is one of the primary reasons for setting up one world government. Next, Jason asks Catherine if it will be a minor miracle if the major US stock market indexes don't crash before the November 2016 elections? Catherine talks about how every market is manipulated now. Jason then asks Catherine about why Donald Trump and Bernie Sanders are becoming so popular on Main St, USA? Catherine says Americans realized they are being destroy with inflation (currency debasement), taxes and their privacy, rights and civil liberties are being stolen. Jason also asks Catherine where value in markets is for investors right now. Catherine says hard assets like real estate and precious metals will offer people the best inflation protection. She also says stocks may do well. To wrap up the interview, Jason asks Cathering if the emergency Federal Reserve meeting with President Obama was due to an imminent bank failure and also possible positive solutions for people on Main St to deal with the wave of increasing inflation, taxes and loss of privacy that things like NIRP and a cashless society are predicting are coming and probably on going to get worse.

Jason Burack of Wall St for Main St interviewed first time guest, Jim Puplava, CFP. Jim is a Certified Financial Planner, he is the Founder & President of the Puplava Financial Group of Companies, and he's host of the popular Financial Sense Newshour show http://www.financialsense.com/ since 1987! Jim's firm manages around $400 million of client money. Jim's full bio can be found here: http://www.financialsense.com/contributors/james... During this 30+ minute interview, Jason starts off by asking Jim why he thinks gold & gold stocks have rebounded so much since December? Jim talks about negative interest rates and how it is very good, in his opinion, for gold and gold stocks. Jason and Jim discuss the gold market further including how the market is so small that money managers moving into gold can cause big moves in a short amount of time. Next, Jason asks Jim about the state of the global economy. Jim talks about how the global economy is slowing down and he expects the US to enter into a recession soon with official US government economic statistics. Jason then asks Jim what, in his opinion, the US shale oil boom has done to peak oil? (since Jim has read hundreds of books about the oil market and interviewed many dozens of experts). Jason and Jim discuss the global economy further including the European banking crisis, whether China will need to bailout their state owned banks or state municipalities and whether the stock market will crash? Jim thinks financial repression and NIRP is forcing people looking for income into stocks and that's preventing stocks from crashing. Jim Doesn't expect the stock market to crash in the next 6-12 months unless something major happens. Jason and Jim also discuss how government is making many problems worse in society and the economy, especially his home state of California.

Jason Burack of Wall St for Main interviewed returning guest, Bitgold https://www.bitgold.com/ co-founder and the Chief Strategy Officer of Bitgold, Josh Crumb. New articles on Bitgold software free for users: 1) http://www.pymnts.com/news/b2b... 2) http://www.financialpost.com/m/wp/blog... During this 20+ minute interview, Jason starts off by asking Josh why gold has rallied in US Dollar terms since December? Josh talks about negative real interest rates and how the gold bull market has actually been going on for more than 2 years in other currencies besides the US Dollar. Jason and Josh discuss negative interest rate policy and the attempt by many global central banks to implement financial repression. Josh says that gold will be an even more attractive alternative for investment and savings the more attempts central banks try at manipulating interest rates down or taxing people to keep money at a bank account as part of negative interest rate policy or NIRP. Jason then starts asking Josh a lot of questions about the Bitgold business model like what problems in the market was Bitgold created to solve? Bitgold has recently added the ability for businesses to pay payrolls in gold and pay dividends in gold for free to users and Bitgold is rapidly approaching 1 million users/customers in a little over a year. If you want to learn more about Bitgold, this is a informative interview from Josh about where the company is now and where it's going!

"Pencil in the phoenix for around 2018, and welcome it when it comes"—The Economist 1988 This week we welcome David Haggith, economic commentator and writer of The Great Recession Blog, for a discussion on the international trend among central banks and governments towards a global cashless society. Regarded by central banks as a "drag" on their ability to manipulate economies to their liking, cash is being increasingly attacked as an inefficient, costly and even dangerous relic of the past—after all, where would criminals be without it? But once cash is gone, and our ability to rescue our savings from the monolithic digital banking system has gone with it, who will truly have control over our money? (For show notes please visit http://themindrenewed.com)

"Pencil in the phoenix for around 2018, and welcome it when it comes"—The Economist 1988 This week we welcome David Haggith, economic commentator and writer of The Great Recession Blog, for a discussion on the international trend among central banks and governments towards a global cashless society. Regarded by central banks as a "drag" on their ability to manipulate economies to their liking, cash is being increasingly attacked as an inefficient, costly and even dangerous relic of the past—after all, where would criminals be without it? But once cash is gone, and our ability to rescue our savings from the monolithic digital banking system has gone with it, who will truly have control over our money? (For show notes please visit http://themindrenewed.com)

Jason Burack of Wall St for Main St interviewed returning guest, editor & publisher of the Gloom Boom Doom Report http://www.gloomboomdoom.com/, Dr. Marc Faber. Marc has decades of experience investing in global financial markets and he has wrote the book, Tomorrow's Gold- Asia's Age of Discovery. During this 30+ minute interview, Jason opens the interview by asking Marc about how he thinks China will deal with the massive debt problems its state owned banks and municipalities have? Marc jokes about Jason asking the Chinese government instead of him. Jason then asks Marc about what Kyle Bass is saying about China. Marc says the US mainstream financial media and Federal Reserve are talking about how bad things are in China and Europe to deflect attention from the US' debt problems. Next, Jason asks Marc how much global central banks are coordinating their policies and doing market manipulations and market manipulations together? Marc says he thinks there's no such thing as currency wars and that the US, UK, Japan and the ECB all coordinate monetary and interest rate policy together so they can take turns doing QE and devaluing their currencies. Marc and Jason discuss where negative i9nterest rate policy or NIRP fits into the equation. Jason asks Marc about the recent bear market rally in oil and base metals. Marc thinks the rally will sputter out soon and oil will go back down in the near future. Marc also gives his thoughts on the 2016 US presidential elections. Jason also asks Marc about gold, gold stocks, bad government economic data and where he sees value in markets so don't miss listening this great interview!

Jason Burack of Wall St for Main St had on returning guest, former portfolio manager and founder of 720 Global http://www.720global.com/, Michael Lebowitz. Michael's articles frequently appear on Zero Hedge. His firm 720 Global writes institutional research. During this 30+ minute interview, Jason asks Michael about the Federal Reserve and Janet Yellen announcing this week that they will not try to aggressively raise interest rates and if they are trapped and have to go to negative interest rate policy (NIRP) asap?Michael says the Fed probably won't increase interest more than at most once more in 2016 before they start reversing their interest rate hikes into rate cuts back towards zero and NIRP. Michael says central bank policies from the US, Japan, China and the ECB are driving people into gold along with the threat of NIRP. Michael thinks gold has probably bottomed and will continue to go higher long term as long as central banks keep making desperate policy decisions. Next, Jason asks Michael if he is surprised the stock market hasn't crashed yet? Michael says he has written 4 articles in the last year or so about share buybacks driving the US stock market higher. He thinks as the amount of share buybacks decreases soon the likelihood of a stock market crash and bad balance sheets of corporations doing buybacks with too much debt could increase the odds of a stock market crash. Michael cites Conoco Phillips as an example of a large corporation that did too many share buybacks in 2012 and 2013. Jason asks Michael if he thinks the recent rallies in oil and base metals prices are based on fundamentals or short covering? Michael thinks very little of those rallies have to do with fundamentals and he thinks oil goes much lower back to $20-30/barrel in the near future. To wrap up the interview, Jason asks Michael which industries he sees value for in stocks?Michael says people can start positions in larger oil companies with good balance sheets who don't have a lot of debt and that more sophisticated investors who can read financial statements well can look at oil bonds. He doesn't like the value in almost any sector but thinks select gold stocks are still very good buys. Michael says people with smaller amounts of capital should buy a gold mining ETF or gold stock mutual fund or royalty and streaming companies like Franco Nevada. Jason and Michael briefly discuss the silliness of election season now upon the US until November presidential elections are over.

If easy money has stopped working, then what's left? Massive deficits, of course. Pressure is building on governments around the world to increase spending and pay for it with borrowed funds. Sound familiar? It should, since it's what they've been doing on and off for decades. But this time, "fiscal stimulus" will, like QE and NIRP, turn out to be too much of a good thing, with dire consequences for just about everyone. 

Darrell Castle talks about the impact of the negative interest rate and the failure of the central bank managed economy.

Atlas, the impressive brainchild of Boston Dynamics and icon of Industry 4.0, raises perhaps more concerns than it does hopes for the future. Will Atlas's cyber progeny and digital cousins bring to pass a brave new world of endless leisure for the masses, or will they usher in an age of mass unemployment, poverty, or worse? We are joined once again by Patrick M. Wood, Editor-in-Chief of Technocracy News and Trends, who returns to the programme to discuss the so-called Fourth Industrial Revolution—a highlight of this year's World Economic Forum in Davos—and to consider its role within the utopian vision of the neo-technocratic elites of today. Patrick M. Wood is an author and lecturer who has stud­ied elite globalisation policies since the late 1970s, when he partnered with the late Antony C. Sutton to co-author Trilaterals Over Washington, Volumes I and II. An economist by education, a financial analyst and writer by profession, and an Amer­ican Constitutionalist by choice, Wood maintains a biblical worldview and has deep historical insights into modern attacks on sovereignty, property rights and personal freedom. A frequent speaker on radio shows around the U.S., Wood's cur­rent work centres in Technocracy, Transhumanism and Scientism, and how these are transforming global economics, politics and religion. As he says, the endgame is scientific dictatorship; we ignore it our peril. (For show notes please visit http://themindrenewed.com)

Atlas, the impressive brainchild of Boston Dynamics and icon of Industry 4.0, raises perhaps more concerns than it does hopes for the future. Will Atlas's cyber progeny and digital cousins bring to pass a brave new world of endless leisure for the masses, or will they usher in an age of mass unemployment, poverty, or worse? We are joined once again by Patrick M. Wood, Editor-in-Chief of Technocracy News and Trends, who returns to the programme to discuss the so-called Fourth Industrial Revolution—a highlight of this year's World Economic Forum in Davos—and to consider its role within the utopian vision of the neo-technocratic elites of today. Patrick M. Wood is an author and lecturer who has stud­ied elite globalisation policies since the late 1970s, when he partnered with the late Antony C. Sutton to co-author Trilaterals Over Washington, Volumes I and II. An economist by education, a financial analyst and writer by profession, and an Amer­ican Constitutionalist by choice, Wood maintains a biblical worldview and has deep historical insights into modern attacks on sovereignty, property rights and personal freedom. A frequent speaker on radio shows around the U.S., Wood's cur­rent work centres in Technocracy, Transhumanism and Scientism, and how these are transforming global economics, politics and religion. As he says, the endgame is scientific dictatorship; we ignore it our peril. (For show notes please visit http://themindrenewed.com)

The team talk about negative interest rates and the war on cash, two previously unheard-of concepts -- absurd, really -- but which are already happening in the world today, most notably Sweden, Denmark, Japan and Switzerland.

The team talk about negative interest rates and the war on cash, two previously unheard-of concepts -- absurd, really -- but which are already happening in the world today, most notably Sweden, Denmark, Japan and Switzerland.

Nobody ever believed that such a crazy concept as “Negative Interest Rates” could exist in the real world, and certainly not in developed economies around the world simultaneously. But such is reality today. Negative interest rates and negative interest rate policies (“NIRP”, not to be confused with 0% interest rate policies or “ZIRP”), where a central bank charges the banks it regulates to hold their money, are now being more widely deployed. Believe it or not, countries accounting for a full quarter of global GDP now have negative interest rates, including the eurozone, Switzerland, and most recently Japan. Here in the US, we’re likely heading we’re likely to see yet another easing cycle from the US Federal Reserve, which might very well include negative interest rates (but might not -- more on that later). Why? Well, the Fed’s got a whole lot of excuses/reasons to cut its own rates and create new forms of Quantitative Easing (QE) and/or negative interest rates of its own. As I’ve been saying since late 2015, when the Fed finally raised rates from 0 to 0.25%, I don’t think we’re actually heading into a tightening cycle. And I fully expect that Janet Yellen and the Fed will get much more dovish, eventually cutting rates back to 0% and probably bringing back some form of QE and/or negative interest rates. In the weeks since I first started floating the idea that the Fed would go to negative interest rates and/or create another round of QE, the idea of us seeing negative interest rates here in the US has gone from far-fetched to quite likely. Now everybody’s trying to figure out what it means for them individually, for the stock market and for the economy writ large. This report is an attempt to explain how negative interest rates and a new easing cycle from the Federal Reserve in the context of the world’s larger currency wars will impact our world.

Today we're going to build off the conversation I had with you on Tuesday when we talked about the fracturing of the banking industry. As central banks continue to struggle in their efforts to increase inflation, they are turning to extremely dangerous policies, namely NIRP or Negative Interest Rate Policy.The problem with this is as they continue to drive interest rates into negative territory they are not getting the desired effect. They are using outdated and proven failed economic policy in an attempt to drive up inflation through consumption.It's an old belief that consumption drives an economy. We know this is not true through years of policy failings. What drives an economy is production. Production is fueled by the abundance of stored capital we have saved. But we have no savings. We have trillions of dollars in debt and central bankers refuse to accept one simple truth. THERE IS NO WAY OUT.There is no solution to this crisis that does not involve a great deal of pain. The longer we continue to pursue policies that suggest otherwise, the more painful the fix will be. This is a MUST LISTEN episode. Your understanding of these issues is critical if you want to be prepared.JasonSupport the show.

August 11, 2012 - Virgil Abad - Atep Morts Sec Nirp - [Trance Progressive Vocals]

August 11, 2012 - Virgil Abad - Atep Morts Sec Nirp - [Trance Progressive Vocals]

NIRP ist ein Verfahren, das auch in der Neonatologie problemlos bei kleinen und kleinsten Frühgeborenen zur Beurteilung der peripheren Durchblutung eingesetzt werden kann. Es bietet jedoch keine Hilfestellung bei der Evaluierung des „optimalen“ Zeitpunkts für eine Bluttransfusion, da die mittels NIRP abgebildete periphere Hautdurchblutung beim Frühgeborenen durch eine Erythrozytenkonzentrat-Substitution nicht nachhaltig beeinflusst wird. Weder die aufgezeigte Abnahme bradykarder Episoden, noch das Absinken der Anzahl der Episoden mit einer Sauerstoffsättigung unter 85 Prozent, noch die gesteigerte Gewichtszunahme nach erfolgter Bluttransfusion dürfte in Anbetracht der multiplen, wenn auch in der Regel selten auftretenden, jedoch stets drohenden Risiken eine unkritische Indikationsstellung zur Fremdblutgabe rechtfertigen. Selbst kleine und kleinste Frühgeborene sind in der Lage, im Sinne einer vasomotorischen Antwort ihre periphere Durchblutung entsprechend den jeweiligen Temperaturbedingungen zu verändern. So kann ihr Organismus unter Kältestress einen Wärmeverlust mittels Vasokonstriktion reduzieren und bei Hitze mittels Vasodilatation erhöhen. Im Rahmen der aktuell empfohlenen Versorgung von Frühgeborenen unter den Bedingungen der Neutraltemperatur können diese durchaus Anzeichen von Kältestress aufweisen. Dagegen kann bei einer Versorgung unter Komforttemperaturbedingungen eine Überwärmung nachweisbar sein, weshalb Lyon und Oxley 2001 eine Erweiterung der Definition der Hyperthermie empfohlen haben (62). Ein statistisch signifikanter Einfluss einer Körperkerntemperaturerhöhung um durchschnittlich 1,4°C auf die Herzfrequenz, die Atemfrequenz, den mittleren arteriellen Druck oder die Episoden mit einer Sauerstoffsättigung unter 85 Prozent konnte in der vorliegenden Arbeit nicht nachgewiesen werden.

Thu, 19 Dec 2002 12:00:00 +0100 https://edoc.ub.uni-muenchen.de/830/ https://edoc.ub.uni-muenchen.de/830/1/Nehring_Isabel.pdf Nehring, Isabel