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The International Unit of Account

QUESTION: I only recently learned of your material and am still digesting it. I appreciate that you encourage critical thinking. I hope you find my questions of the same spirit. In your recent article “Are Two-Tier Monetary Systems a Possible Tool?”, you illustrated how South Africa’s experience could provide an example for nations wanting to […]

Market talk – June 5, 2019

ASIA / AUSTRALIA: China has extended their travel ban to the U.S., stating that there have been a lot of recent shootings, robberies, and thefts of late. This was on top of the recent warning that Chinese citizens are being harassed upon entry and exit by U.S. border control. In the Yellow Sea off the […]

Market Talk – June 4, 2019

ASIA / AUSTRALIA: The U.S. reacted to China’s claim that the “U.S. [is] applying too much pressure” to the deal by stating China is playing a “blame game” by misrepresenting the trade talks between the two countries. The U.S. Department of State head Mike Pompeo released a press statement attacking China over their handling of […]

Market Talk – June 3, 2019

ASIA / AUSTRALIA: There has been hardly any progress regarding the U.S.-Chinese trade deal. On Sunday, Chinese officials and trade negotiators warned the U.S. of using pressure to force a trade deal on China. “If the U.S. side wants to use extreme pressure, to escalate the trade friction, to force China to submit and make […]

Global Warming – Just Follow the Money

I just returned from New York City, the armpit of the world since I never saw an apple tree there yet, and I had a very interesting meeting behind the curtain. I thought I would share this subject which they agreed I could go public on without names of course. Besides the fact that there […]

Why Are Capital Controls Destructive?

QUESTION: Controls v Protectionism If capital controls would be such destructive measure, then China already has in place what one would consider Capital Controls and if they were to lift their control a lot of money will leave China – why is that not destructive: as you mention that the centre of finance will move […]

Market Talk – May 31, 2019

ASIA / AUSTRALIA: Some positive news for US-Chinese relations as Tesla has started to take pre-orders on it cheaper Model 3 cars from its Gigafactory based in Shanghai. The construction of the factory only started at the beginning of January and is expected to open later this year. The former governor of the People’s Bank […]

Market Talk – May 30, 2019

ASIA / AUSTRALIA: China accused the U.S. of “economic terrorism.” The Ministry of Foreign Affairs said the White House had “brought huge damage to the economy of other countries and the U.S. itself,” spokesperson Lu Kang told reporters in Beijing on Thursday. China has now reportedly stopped ordering soy from the U.S. over the trade […]

The Real Wealth of a Nation

QUESTION: Dear Martin, Whereas for years you have put in a solid 5,000 year data for arguing for no individual taxes yet in countries around the Middle East there is no income tax. Yet they have not made any dynamic economic progress as such. I mean the evidence is seen by us live. How do […]

Market Talk – May 29, 2019

ASIA / AUSTRALIA: There seems to be no end to the US-China trade deal in sight. China is signaling that it could increase tariffs on rare earth materials, which are essential for components in the tech industry. The governments of the United States and Japan have agreed to further cooperation in space, which could include […]