Meraglim Blog

Russian Gold Buying Expands as Russia and China Hold Hands on Gold

Russian gold buying in 2017 took Russia’s total gold reserve position to 1,778 tons, just slightly behind China’s official gold reserves of 1,842 tons. The U.S. had just over 8,000 tons. But considering the U.S. economy is eight times the size of Russia’s and the Chinese economy is four times as large, Russia is the

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The Currency Wars Are Back (Actually, They Never Went Away)

The new global currency war began in 2010 in the aftermath of the financial crisis of 2008 and a recession that lasted until 2009. The currency war was an attempt by the U.S. to steal growth from its trading partners by using a cheap dollar. The idea was that the U.S. economy was the largest

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The China Bad Debt Daisy Chain is Starting to Unravel

  The coming credit crisis in China is no secret. China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy. Some are incurred by Chinese Provincial authorities trying to get around spending limitations imposed by Beijing. Some are straight commercial loans on bank balance sheets. Some are

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Think Markets Are About the Crash? You’re Not Alone; The Elites Agree

  Warnings about an imminent collapse of developed economy stock markets, especially the U.S. markets, are everywhere. Whether you use Shiller’s CAPE ratio, Buffett’s preferred market-cap-to-GDP ratio, or traditional P/E ratios, markets seem overpriced and ready to fall. Of course, that does not mean they will fall anytime soon. As we saw in the dot.com bubble of

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