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Tag Archives: Blockchain

Colombia at Risk of Electing Its First Socialist President

French voters head to the polls this weekend to decide between incumbent president Emmanuel Macron and far-right candidate Marine Le Pen, but the election investors should be keeping their eye on is happening next month in Colombia. On May 29, the South American country could elect its very first leftist president should Gustavo Petro receive a majority of the vote. (A runoff election could determine the final winner.) The former congressman and mayor of the capital city of Bogotá, Petro is...

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Bitcoin 2022: We’re Still So Early

An estimated 30,000 people attended this week’s Bitcoin 2022 conference in Miami, which is rapidly becoming a major global crypto-finance hub. Miami mayor Francis Suarez, who takes his salary in Bitcoin, kicked off the event by unveiling a giant cybernetic, laser-eyed bull statue modeled after the iconic Charging Bull installation that stands near the New York Stock Exchange (NYSE)—a not-so-subtle hint that the city wishes to brand itself as the “crypto Wall Street.” It was a great pleasure...

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Is This the End of Globalization?

Globalization in all its forms, from social to economic to political, has been on the rise since about the 1970s, and I genuinely believe it’s had more benefits than drawbacks on average. Although it may seem like an April Fool’s joke right now, the real cost of finished goods has trended down over the decades, and there’s evidence that the world has become more peaceful, with fewer wars and war-related deaths than in years past. It goes without saying that the events of the past two years,...

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The Crackdown on Canadian Truckers Shines a Spotlight on Bitcoin and Gold

History has shown us that the more socialist a country is, the more authoritarian it risks becoming. If you’ve been following the events of the Canadian trucker convoy protests against vaccine mandates, and the Trudeau administration’s crackdown on demonstrators’ basic liberties, you know this to be true. The prime minister has invoked emergency powers that allow him to “commandeer” banks and insurers. Despite the fact that peaceful protest is constitutionally protected in Canada’s Charter of...

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Real Assets Like Gold Are Poised to Benefit From Fed Tightening Cycle

Judging by the stormy volatility we’ve seen in financial markets so far in 2022, you’d think the Federal Reserve was getting ready to hike rates. In all seriousness, it now appears that liftoff will happen as soon as March, after which the Fed will reportedly start unwinding its $9 trillion balance sheet. None of this should come as a surprise to most of you. Investors, in fact, have already begun teeing things up for a new tightening cycle as well as sticky inflation. 2021 was a record year...

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3 Charts I’m Thankful for This Week

I hope everyone reading this had a wonderful Thanksgiving full of family, love and laughter. Even if that wasn’t your experience, there’s still much to be grateful for. Below are three charts for which I happen to be most thankful this week. 1. Americans appear to be flying again. The U.S. hit a new pandemic high last week in terms of commercial air traffic. More than 2.2. million people boarded passenger jets last Friday, November 19, according to Transportation Security Administration (TSA)...

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Reports of Gold’s Death Are Greatly Exaggerated

Back in December 1997, the Financial Times ran a now-infamous article titled “Death of Gold.” In it, the author Kenneth Gooding claimed that as an investment, “gold is a goner.” The crises of the past 10 years—the 1987 stock market crash, the Gulf War, Asia’s financial meltdown—had not resulted in higher demand. Gold was now a “mere metal” and a “bad investment,” Gooding concluded. But as it happened, reports of gold’s death were greatly exaggerated. The next decade saw the precious metal...

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What Is Shadow Inflation? It Could Be More Prevalent Than You Realize

We’re all familiar with inflation, whether it’s at the grocery store or gas pump. What cost you $10 last year might cost you $12 or more today, representing a hidden “tax” that steadily corrodes your purchasing power like rust on iron. But did you realize there’s another form of inflation that’s just as corrosive and yet is nearly impossible to measure? Some economists call it “shadow inflation,” and it refers to instances when you pay the same price for a good or service one year to the...

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Gold Passed the Evergrande “Stress Test”

It’s the biggest company you’ve never heard of—until this past week, that is. Evergrande Group, the “too big to fail” Chinese property developer, rattled markets on Monday when it missed interest payments to at least two of its lenders. This gave more than a few investors flashbacks to Lehman Brothers’ demise in 2008, which helped trigger the global financial crisis. The selloff spread to U.S. markets, and I was pleased to see that gold maintained its haven status. The yellow metal ended...

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Fossil Fuels Are Under Siege. Is Misinformation to Blame?

It’s becoming more and more difficult to be in the fossil fuel business. On both sides of the Atlantic, lawmakers and unelected bureaucrats are turning up the heat, so to speak, on companies over the issue of climate change. In the U.S. House of Representatives, Democrats have launched an inquiry into whether oil companies have participated in so-called “climate disinformation.” This week, letters were sent to top executives of Exxon Mobil, BP, Chevron and Royal Dutch Shell seeking records,...

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