Meraglim Blog

The U.S. Dollar: A Victim of Its Own Success

The Tragic Logic of Mercantilism

The case for a pending financial collapse is well grounded. Financial crises occur on a regular basis including 1987, 1994, 1998, 2000, 2007 and 2008. That’s about once every five years for the past thirty years. There has not been a financial crisis for ten years so the world seems overdue for one on form.

Readers are familiar with our thesis that the world responds to a situation of too much debt and not enough growth with first currency wars, then trade wars, and finally shooting wars. Currency wars consist of one country cheapening its currency to promote exports, discourage imports, import inflation and increase its GDP. This works in

We’ve been writing about the war on cash for a long time. Governments have been forcing citizens to give up cash and rely exclusively on digital payments in the form of credit cards, debit cards, direct deposits, PayPal, online payments, Apple Pay, Venmo, and a hundred other apps. What they have in common is that

Cultures are about shared values. Society has always had its rich, poor and in between, but the glue in any society is that all of citizens have something in common even if their financial circumstances vary. That’s not true anymore. The rich are not just rich, they’re super-rich and have options that everyday citizens cannot

  Investors have a sense that financial markets are completely rigged and there is a hierarchy from retail to the big money that favors the largest investors over the smaller. They’re right. The biggest investors have better information, earlier warning and the first chance to get in or get out ahead of the crowd. There’s