Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

THE WORLD’S MONETARY SYSTEM IS BROKEN & COSTING OVERSEAS BUSINESS

THE WORLD’S MONETARY SYSTEM IS BROKEN & COSTING OVERSEAS BUSINESS    

Low and negative yields mean that no one has the confidence to invest in real capital projects. Investors would much rather lose money over a 10-year horizon than invest in building dams, repairing pipes, creating better grids, starting new businesses, etc. A new monetary order must replace the existing one, and as soon as possible. It will likely be one that China is determined to dominate this time around.

The Bank of Ireland is set to become the first domestic financial institution to pass on the ECB’s negative rates to customers for placing their money on deposit with the bank.

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