Edmond Bugos
@ebugos
Investment strategist, mining analyst, and economist-journalist
If you think we have a strong economy i cant help you underatand why gold is making record highs.
A decade ago i predicted that in the final innings on the dollar collapse, the greenbackers in congress would cancel the Fed's private charter and take over the Fed's monopoly on note issue. This move would then pave the way to hyperinflating the debt away. Are we there now?
The 4 year cycle in Bitcoin will one day die as it matures but given that it has fit that cycle well so far, it is premature to call its demise.
M2 is fake money supply. MMF's and time deposits are not "money". You need to ne looking at M1 and reserve balances. If they were inflating, the cpi, fake as it is too, would not have fallen from 10% down to 2.7%. Also, interest rates would be lower by now.
This is not new but about $5 trillion has to be refinanced in the next five days. This is why Trump wants the Fed to lower rates so badly. Every 1% the Treasury saves on its terms means $100 billion in spending cuts per year. That's all that Trump sees. firstnational.ca/commercial/res…
"As more people adopt stablecoins globally, the demand for US dollars and treasuries will rise." ZH This is also not true if the quality of treasuries is on the decline, if the US issuers of stablecoins (banks mostly probably) are unsound, and if they try to implement too much…
"To many crypto entrepreneurs, any legislation is better than no legislation. The crypto world is currently suffering from a type of regulatory uncertainty paralysis." ZH The latter is true but not because of an absence of regulation, because the regulations were inevitable but…
How much of the fatal conceit occupies Lagarde's head? Is there any room for coherent thought? There is no plan for this cbdc that anyone wants. Sooner she admits it, better for Europe. ECB Focused on Protecting Its Currency, Digital Euro, Says Lagarde share.google/Izt3cZxDWbKNb9…
A little known fact from the section on "self defense" in Ethics of Liberty. Rothbard points out that, "prohibition was held to be a "defensive" act in defense of person and property.", as alcohol was blamed for high crime rates. Illustrating how "Vague and future" threats that…
The nation is in a state of war and you're asking about Epstein? -you know that's coming.
"One of the most common dismissals of the libertarian vision of a stateless society is the claim: "It’s never been tried."" See my rebuttal here: edmondbugos.substack.com/p/rebutting-th…
"The governments of almost all countries are engaged in a campaign against the capitalists. They are intent upon expropriating them by means of taxation and monetary measures." Mises H.A. Everyone talks about the demolition of the West today but Mises talked about it in 1949.
There's only one reason @realDonaldTrump is bullying the Fed with stock prices at ATH's. Because he failed to cut spending and a lot of the short term debt his big fat govt has issued is maturing. If he gets his wish, a dollar crash would keep a floor under those yields anyway.
Im no fan of the Fed or Powell but if it isnt the pot calling the kettle black when Trump says 'he doesnt get it', then i must be in clown world.
It cost Japan $550 bln in loan guarantees to lower Trump's blanket tariff from 25% to 15%. There is no stipulation on timeframe, but there's his gold card at play. And now you know the cost. But before liberation day, Japan had almost no tariffs. So your taxes still went up.
The great thing about this platform is how low the US President sets the bar.