Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on real money versus fiat currency, aka “funny money.” (See the Forex section.)
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Forex (Real Money):
The Trump Administration seems intent on continuing a Weak Dollar policy, to bolster American exports. The question is: What currency is the best hedge? I’m still betting on the Swiss Franc (CHF). But I also have small positions in British Pounds (GBP), Canadian Dollars (CAD), and even some Israeli Shekels (NIS). Oh, and a bit of Bitcoin. But in the final analysis, all fiat currencies and cryptos have zero intrinsic value. Barterable tangibles (including silver coins) are the last real money in the world–even if the governments of the world ignore them as such. Their game: Force everyone to do business using their funny money, and force everyone to pay taxes using their funny money. Don’t confuse the term currency with real money. They are different animals.
Economy and Finance:
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Claire Wolfe’s blog alerted me to this simple case of supply and demand economics: So Many People Are Fleeing the San Francisco Bay Area, It’s Hard to Find a U-Haul
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Reader H.L. sent us the link to this MSN article: Winn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy?
The BBC reports: Inside the world of super-rare car investing
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SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!