W
Wilkes
Guest
The Dollar, unsupported by a gold link, has been printed in vast quantities by the US in the form of Treasury Stock and essentially backed by cheap oil propelling the US economy for several decades. But the sheer scale of US debt from import/ export imbalance to low cost Asia, the Govt deficit and huge private sector credit means that this part of the world is awash with borrowings. These have to repaid. Meanwhile capital markets are awash with borrowed money in hedge funds.
I'm not trying to be a pessimist just a realist but with oil and gas either past peak or heading shortly there, the era of cheap energy is coming to an end and alternatives are just not dense or efficient enough to meet growing global demand. At best it's beginning to feel like a prolonged phase of double digit inflation around the corner.
Does anyone have or know of good independent contradictory analysis. I'd love to read the positive stuff!
I'm not trying to be a pessimist just a realist but with oil and gas either past peak or heading shortly there, the era of cheap energy is coming to an end and alternatives are just not dense or efficient enough to meet growing global demand. At best it's beginning to feel like a prolonged phase of double digit inflation around the corner.
Does anyone have or know of good independent contradictory analysis. I'd love to read the positive stuff!