Philippe Herlin  Finance Researcher / Doctor in Economics

   

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The Invisible but Very Real Tax of the Money Printing Press
Published by Philippe Herlin | Dec 23, 2020 | Articles 24016

Gold, for its part, has an unrivalled track record in this category, it is simply number one. This is the best way to "flee" from money without going to an asset in a bubble situation, and thus risking collapse. It remains by far the best way to preserve the purchasing power of capital in the long term, and to escape the "invisible tax" that weighs on all savers.

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Gold Is The Ancient Currency, The Currency Of Trust
Published by Philippe Herlin | Oct 1, 2020 | Articles 18049

The main factor is the distrust of currencies; central banks are running their money printing presses at full speed, whereas with the recession due to the coronavirus, the production of real goods is falling. In this case, what is money worth? What are the major currencies, the dollar, the euro, the yen, the yuan, worth? Investors refer to gold, the ancient currency, the currency of trust, which nobody can print.

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Inflation Risk: Awareness is Growing
Published by Philippe Herlin | Sep 16, 2020 | Articles 27350

The ECB is substituting for the market. It's simpler that way, no need to convince investors, you print money and it's done. In this scenario, we are de facto witnessing the merger of the Treasury and the Central Bank: the financing of the government's deficit is directly connected to the printing press, money creation is in free flow.

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What If the Debt Doesn't Matter? Is This Realistic?
Published by Philippe Herlin | Aug 24, 2020 | Articles 46480

I mean, what if the debt wasn't serious? What if the explosion of its amount all over the world since the coronavirus crisis had no harmful consequences? What if we could even get rid of some of it without incurring any damage? This is the little tune we hear from those who want more and more public spending, who believe that only public spending can get us out of the rut, that we have to keep printing money.

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ECB Offers €1.3tn at -1% to Rescue European Banks
Published by Philippe Herlin | Jun 24, 2020 | Articles 34666

By rolling over the debt of ailing banks (new loans to pay off old ones), the ECB is giving them a very bad habit, namely that of governments with perpetual deficits, which are thus exempting themselves from any budgetary effort. What is the point of cleaning up one's balance sheet if the ECB graciously provides the necessary liquidity? The intrinsic situation of the large European banks is therefore not going to improve, at the greatest risk to savers...

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