Wednesday, April 26, 2023

In the #News #Politics #Economy #Currencies - Know Your Customers

“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.”

“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”

― Mark Twain

Subscriber Comments

Click To Read

A business truism since the dawn of humanity has been "know your customers". If you don't, the business, regardless of ideologies or agendas, won't last long.

The rise against "Wokeism", which I am not an expert, raises concerns for a more familiar subject - currencies. The world is heavily in debt, and investors will not finance it forever (see Credit Market Debt As A % of GDP). The Credit Market Debt chart is a well-recognized chart by subscribers.

Western governments, in particular, will default and/or devalue their currencies to manage their enormous and ever-growing debt burdens. Talk of digital currencies, a subject discussed in the Bitcoin and other Reports, offer the opportunity of infinite and instant devaluation potential without risk to the institutions supporting the currency, or at least that's the belief. Trouble is, as the push against "wokeism" evolves, do you really expect the public to obediently embrace them in support of the institutions they're pushing against? No one is talking about this. Digital currencies won't matter unless there's 100% adoption. If not, a bigger problem arises, and it has happened before.

Credit Market Debt As A % of GDP

Follow me on Twitter or Facebook for further discussion.


The Matrix provides market-driven trend, cycles, and intermarket analysis.