In the arena of geopolitics and public finance, Darren Winters points out that a predictable dead end now lies ahead. The trajectory of public debt growth is unsustainable, which has even been admitted by Fed Chair Powell. The debt clock ticks to a dead-end Public debt levels are not infinite numbers. “It is rising by …
Cantillon Effect
The Cantillon effect perhaps best explains the widening wealth gap between the have and have-nots, monopolies and a growing shift from a democracy to a plutocracy of rule by the wealthy and endless wars. What is the Cantillon Effect? Darren Winters explains; the Cantillon effect was a theory put forward by Richard Cantillon (1680s – …
Fed’s QT Fears
The Fed’s QT fears of selling more assets without sending asset prices into a tailspin were revealed in the latest FOMC minutes. Quantitative tightening QT1 blows up the Repo market and forces the Fed to abandon its asset sales. The Fed selling assets is akin to a giant straw, sucking up liquidity from the market. …
Decade Of Bitcoin Returns
What does a decade of bitcoin returns look like compared with other major asset classes? In a few words, Darren Winters describes; the cryptocurrency Bitcoin has been the best-performing asset. Here is a chart courtesy of Voronoi The best-performing asset in the world from 2011-2021 was Bitcoin. Moreover, the recently launched Bitcoin ETFs have reignited …