World economy on the brink

[TwoWolves]

Looks like a currency event is on the horizon, China has been accused of manipulating it's currency lower but is in fact spending a fortune to keep it higher.

EM currencies look like falling big time, others some too leaving king dollar the last man standing.

Gold could easily hit $1600 /oz before the year is out.

[GJABS]

FIAT currency has as much inherent worth as Bitcoin.

Not quite though unlike crypto currencies, fiat currencies are demanded by governments for payment of taxes - this gives it a level of value as people compete with each other to obtain it.

[scooterscot]

FIAT currency has as much inherent worth as Bitcoin.

Indeed. Except there’s a lot lot lot lot less Bitcoin. And you can move it anywhere in the world without sky high fees.. in minutes.

[BR14]

[BrilloPad]

Do the central banks know something they're not telling us?

FIAT currency has as much inherent worth as Bitcoin.

[stonehenge]

Do the central banks know something they're not telling us?

Gold is on a bit of a roll which is also a bit ominous.

The chickens (10 years of easy money ZIRP and QE) may be finally coming home to roost.

[Paddy]

Bring back the Gold Standard

[DimPrawn]

This is the sound of a central bank cutting 50 basis points

Economies at peak boom are cutting interest rates aggressively due to "uncertainty"