The largesse of central banks to Wall Street has unabashedly left Flyover America behind. Central bankers have risen from elite ranks to look out for one another in their circle. At the Daily Reckoning our editors investigate exactly what that means for our economy, the markets and your money. The power and influence of central banks has reached unforeseen highs and requires vigilant attention to safeguard against the negative impact from looming economic ruin.
BY Shae Russell POSTED March 08, 2018
Gold is money. Any paper currency in your wallet, on the other hand, is fiat money. Backed by nothing other than faith in government. One of the arguments in using gold as the basis for a monetary system is that it’s stable.
...and the Hidden Opportunity
You don’t need us to tell you about Australia’s debt.
We’re at record levels in this country.
Do you stay out of the market and keep your cash on the sidelines? Or do you get
in on the action?
You will know exactly what to do by the end of this report…
BY Callum Newman POSTED March 07, 2018
Do you remember George W Bush’s presidency? It might be worth reflecting on it for a moment. You may recall that there was a disconnect in how[...]
BY Shae Russell POSTED March 06, 2018
We are now 18 months into the Reserve Bank of Australia’s (RBA) ‘unprecedented’ decision to set interest rates at 1.5%. In August 2013, when the RBA[...]