Goldtent TA Paradise

You think the commodities bull ain’t real?

1. Kewl2 says:

   April 30, 2022 - 10:30 am at 10:30 am

   An interesting and powerful advocacy for monetary isolationistic economics and cradle to grave government social control. Documents the massive shift already underway to MMT which impacts local currency inflation and should lead to military expansionism in the search for raw materials (ie; China $2.3T for 102 major infrastructure projects in 2022). A very contrarian position to traditional Austrian economic sound money theory with no apparent focus (or concern for) repayment of debt obligations as the state becomes the primary bondholder which should continue to exacerbate the wealth gap between rich and poor. No wonder societal control and social credit scoring are being perfected as population controls to ensure compliance! International financing will require hard collateral (ie: resources/infrastructure) as sovereign fiat currencies will be under constant debasement due to MMT expansion.

   Seems likely that this places very large “target symbols” on the backs of countries with large resource bases and (relatively) small economies(ie: African Nations/Australia/Canada/etc). Stronger nations will seek to absorb their raw material base using MMT to finance the acquisition (economically or militarily). Happening already in Africa as China expands by seizing infrastructure collateral and in countries like Australia/Canada where depreciating fiat currencies are still being used to acquire positions in raw material production companies.

2. Chartsmaster says:

   April 30, 2022 - 10:41 am at 10:41 am

   The commodities bull WAS real. It is just over for this cycle for oil, copper and soon semiconductors. As I said yesterday, for grains and other foodstuffs it is ongoing.