Dear Turkey, Argentina, etc…
Printing Currency Backed By Nothing Is Not "Creating Reserves".
Printing Currency To Pay Bloated Public Spending Destroys Currency Purchasing Power, Savers and Existing Deposits. Kills Confidence In The Currency As A Reserve of Value pic.twitter.com/t7ldFlXRpv
— Daniel Lacalle (@dlacalle_IA) August 2, 2018
Argentina 🇦🇷
“Printing money for the people”
“Inclusive monetary policy”
Average 30% inflation, printing pesos to finance bloated government spending: the recipe for stagnation.Via @luissecco pic.twitter.com/3rB9RmWSHS
— Daniel Lacalle (@dlacalle_IA) August 2, 2018
Venezuela.
Maduro admits his failure. Demands solutions. Easy:
1. Resign
2. End the Chavista dictatorship
3. Keep the Podemos advisers' recommendations and do the opposite.Success guaranteed. t.co/x3YgPKjau6
— Daniel Lacalle (@dlacalle_IA) August 2, 2018
“China says fully prepared for U..S. threat on trade” (Bloomberg) 🤔
It is easy: China can lift all tariffs, subsidies and trade barriers.t.co/YgaSIC8jbe pic.twitter.com/be5kEkFUJK
— Daniel Lacalle (@dlacalle_IA) August 2, 2018
- This is the future they have planned for us…
- Are They Essentially Erasing Most Of The Internet?
- Heads Up: Something big is going down. Just about every commodity is collapsing in price. Things deteriorated so much that all the supply chain metrics have become way less constrained
- Bill Gates: Social Credit Scores Are An “Asset”
- Horrific news from Sodom Island
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- The Dead Internet theory just got even creepier….
- People Are Going To Go Absolutely Insane When Food Prices Double Or Triple From Current Levels
- CDC is quietly deleting misleading information from their website. The following statement was removed from their website between July 16th and July 22nd
- If you are waiting for recession, inflation down, FED pivot, etc., by the time it happens, markets would have already priced most or all of it in. Right on schedule… Michael Burry says the Big Crash is anytime now!
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