The Division in America on the Middle East and Monetary Reform
By JC Collins
As the value of gold continues its wild ride of increases and decreases, the latest US jobs report is less than stellar. A lower amount of jobs were created than expected, and wage growth is almost non-exist.
What this means for interest rate increases is anything but good.
There is a very real possibility that the Fed missed the best opportunity it would have had last month when it declined to raise rates a miserable quarter of a point. But to think that rates will never increase again is delusional.
The problem the Fed, and other central banks are now facing, is a growing risk of a loss of faith in fiat currency. The aging structure of the current monetary framework, based on the supreme unipolar role of the USD, has ran its course, and will soon be replaced with a multilateral framework which will more equitably represent the economic realities of the financial world.