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On top of all of these, many emerging markets, including China and now even Canada, are issuing debt denominated in US dollars. The older issues have also lost on the foreign exchange. Carney in Canada has just demonstrated his true lack of understanding of financial markets. He dumped US Treasuries but then issued Canadian debt denominated in dollars. As the C$ declines, he will lose on the return of the foreign exchange as well.
https://www.armstrongeconomics.com/uncategorized/sovereign-debt-crisis-unfolding/
So is the only way to protect your investments and purchasing power with a soverign debt crisis looming is to go to gold? I think so since it has intrinsic value unlike any fiat money. Comments welcome for discussion.
Armstrong talks of capital controls in Europe soon and Lagarde pushing for CBDC by October and maybe even sooner now so they can rob bank accounts for war, they are looking for 800 Billion now. Money will be restricted to buy gold and other moves so perhaps the shiny is cooling off until America wakes up and buys more and or the dollar dives at some point in time. I bought his report on controls yrs ago and should re ready the sucker.
Gold Futures Alert*** CME is raising margin rates on Comex Gold contracts by 8%. New rates effective as of March 21, 2025 Silver is unchanged.
SNP and Tom Luongo discuss this at length recently release 3/20/25 – Tom does a bonds 101 edu. and explains what he thinks is motivation/goals behind Carney/Canada issuing debt in USD (basically to thwart effect of tarriffs).
Of course the entire webcast is worth watching – but topic starts at the 43:38
https://www.youtube.com/watch?v=73_1okn5r1s