Inflation has Become a Geopolitical Issue

Published by Philippe Herlin | Aug 17, 2023 | 5834

From being a purely economic variable, inflation will also become a geopolitical issue through the Russia/NATO war, de-dollarization and an increasingly multipolar world. It's vital to be aware of this and to act globally, otherwise things are going to end very badly, especially for Europeans.

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SVB, Eurovita: The Global Bond Crisis Begins

Published by Philippe Herlin | Mar 16, 2023 | 15475

The bankruptcies of Eurovita and SVB, while waiting for the next ones, are linked to a bond crisis. It is not a question of fraud (FTX, Madoff), toxic assets (subprimes), or adventurous management (LTCM in 1998). No, the problem is the huge bundle of sovereign bonds that form the basis of the balanc...

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The Dollar Leads the Way, Until When?

Published by Philippe Herlin | Sep 29, 2022 | 9772

The dollar's good shape is in stark contrast to other major currencies, but paper currencies are all plagued by the insidious evil of inflation. The dollar is doing well at the moment, but as the saying goes, "In the kingdom of the blind, the one-eyed man is king".

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Euro-Inflation Downward Spiral Sets In

Published by Philippe Herlin | Aug 18, 2022 | 18109

Government officials speak of a "peak" in inflation... But inflation is here to stay, because its causes are still present: the money printing of central banks to finance budget deficits, the energy transition which increases the price of electricity, the ill-considered sanctions taken against Russi...

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France Issues Toxic Loans to Embellish its Debt

Published by Philippe Herlin | Aug 4, 2022 | 18899

Without these OATi and OAT€i, the French debt rate would be at or above that of Italy. But the explosion of the cost of this indexed debt will make this subterfuge less and less tenable... Inflation-indexed bonds may not hide the misery much longer. France's debt will soon be watched with concern by...

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Fall of the Euro: And if This Were Only the Beginning?

Published by Philippe Herlin | Jul 21, 2022 | 14512

On July 12, the euro reached parity with the dollar, something that has not happened since 2003. The euro has lost 12% against the dollar since January 1, which is a lot in the massive and liquid foreign exchange market. What if this fall continues? The question must be asked. The fall of the euro i...

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Recession Looming in Europe

Published by Philippe Herlin | May 12, 2022 | 23738

Christine Lagarde's denial, its refusal to raise the key rate, and its apathy towards inflation, will prolong the weakening of the euro against the dollar, thus creating an additional cause of inflation (raw materials being paid in dollars, the fall of the euro mechanically increases their price). B...

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Towards The Collapse Of Purchasing Power

Published by Philippe Herlin | Apr 28, 2022 | 34782

This important loss of purchasing power, imperfectly compensated by government subsidies, will lead us into a recession. The savers who put their trust in physical gold will preserve their savings, but this is only individual behavior; the governments that benefit from the money printing press will...

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