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Hyperinflation - Coming to an Indebted Democracy Near You

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Posted by Martin Armstrong - Armstrong Economics

on Thursday, 01 December 2016 11:20

Venezuelan Hyperinflation From Collapse in Confidence in Government

Venezulea-Hyperinflation

The Venezuelean hyperinflation is the direct result of what happens when the general population loses all confidence in the government. The current hyperinflation is reminiscent of Germany’s hyperinflation following World War I, which was also the result of a Communist Revolution and the overthrow of the government giving birth to the Weimar Republic.  Venezuela’s currency has become virtually worthless as was the case in Japan when the people simply refused to accept any coins issued by the Japanese government. In that instance, each new emperor devalued the outstanding money supply to 10% of his new issues. This led to Japanese accepting Chinese coins, but not Japanese.

....continue reading HERE

....related from Michael & Victor Adair:

Huge Moves - US Dollar Hits 13 Year High



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Currency

Bob Hoye: Castro’s Longest Speeches

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Posted by Bob Hoye - Institutional Advisors

on Wednesday, 30 November 2016 13:39

To the United Nations: Four hours and 29 minutes, 1960.
In Cuba: Seven hours and 10 minutes, Communist Party Congress, 1986.

                                                                      – Guinness Book of Records. 

Screen Shot 2016-11-30 at 12.28.42 PM

 

Screen Shot 2016-11-30 at 12.29.03 PM

It is said that Russians wanted to make sure he was really dead. 

 

BOB HOYE, INSTITUTIONAL ADVISORS – WEBSITE: www.institutionaladvisors.com 

 



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Currency

Huge Moves - US Dollar Hits 13 Year High

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Posted by Michael Campbell & Victor Adair

on Monday, 28 November 2016 08:09

The US dollar is up 10% since May when the Canadian Dollar made it high for the year. Victor on the huge moves in the currency markets, Gold, Stocks and interest rates and the 28% move in Copper in the last 5 weeks.

....also from Michael & Ozzie: The Hottest Properties Right Now

trader3

 



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Currency

What Investors Can Learn from Gold Priced in Yen?

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Posted by Arkadiusz Sieron

on Friday, 25 November 2016 08:13

Our Market Overview would be incomplete without remarks about gold priced in the Japanese yen. Chart 1 shows nominal gold prices denominated both in the U.S. dollar and the Japanese currency, while Chart 2 plots the indices of gold prices in these two currencies.

Chart 1: The price of gold in U.S. dollars (yellow line, right axis) and in Japanese yen (red line, left axis) from January 1979 to September 2016.

1-gold-price-us-dollar-japanese-yen

Chart 2: Indices of gold prices in the U.S. dollar (yellow line) and the Japanese yen (red line), January 1980=100.



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Currency

Which Of These Markets Is Wrong?

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Posted by Steve Saville - The Speculative Investor

on Wednesday, 23 November 2016 09:44

The US$ oil price and the Canadian Dollar (C$) have tracked each other closely over the past 2 years. When divergences have happened they have always been eliminated within a couple of months, usually by the oil market falling into line with the currency market.

In a 25th May blog post I wrote that an interesting divergence had developed over the preceding few weeks between these markets, with the C$ having turned downward at the beginning of May and the oil price having continued to rise. This suggested that either the currency market was wrong or the oil market was wrong. As I stated at the time, my money was on the oil market being wrong. In other words, I expected the divergence to be eliminated via a decline in the oil price.

The oil price was $49 at the time. Over the ensuing two weeks it moved a little higher (to $51) and then dropped by 20% within the space of two months. The result was that by early-August the gap between the oil price and the C$ had been fully closed.

The oil price and the C$ then traded in line with each other for about 6 weeks before another divergence began to develop. Again it was the oil market showing more strength than was justified by the currency market, and by early-October it was again likely that there would be a gap-closing decline in the oil price.

As expected, there was a significant decline in the oil price from mid-October through to early-November. However, the following chart shows that the gap was only partially eliminated and that a rebound in the oil price over the past 1-2 weeks has potentially set the stage for another significant gap-closing move.

I won’t be surprised if the oil price trades a bit higher within the coming two weeks, but my guess is that it will drop to the $30s within the coming three months.

oil C 221116


...more from Steve: The prices of US government debt securities have been falling since early-July and plunged over the past two weeks. This prompts the question: Where did all the money that came out of the bond market go?

 



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