Finance & Fury Podcast

Welcome to Finance and Fury, The Furious Friday edition.  In money system – need a reserve – gold, currency – gives a floor value which gives confidence Doesn’t provide much stability – Most central bankers use the same terms when talking about current international financial system – Incoherent – You have the AUD to USD drop, gold moves one direction, - completely disjointed – based around the models of international finance – not what they predict will happen – but still trying to manage Floating currencies are not stable - financial war easier – There has been a currency war going on since 2010 Remember QE – US dollars and treasury issues – what happens if your currency is pegged to USD? China – had to massively increase their money supply as well to keep currency exchange low – US growth from consumption, while China growth from exports – Yuan goes up, exports down But printing a lot of Yuan created inflation in china, along with the rest of the world – food, oil, commodities, USD is a form of global