Category: Financial Markets

Is Kinesis A Golden Monetary Path?

I caught up with Thomas Coughlin the CEO of Kinesis to discuss the evolution of the current monetary system, and the gold anchored solutions he is advocating.

https://kinesis.money/

Note there is no commercial relationship between Kinesis and DFA!

Go to the Walk The World Universe at https://walktheworld.com.au/

The Economic China Syndrome – Down The Rabbit Hole 5

I caught up with my “Tin Foil Hat” friend George, and we went deep into the financial system, questioned the role of Central Banks, and highlighted that people are mere cash-flows – you are the product. And is the financial system likely to melt down, just like a runaway nuclear reactor – the China Syndrome?

This is one is an occasional series of “Down The Rabbit Hole” discussions.

Special thanks to George for recording his end of the discussion.

Go to the Walk The World Universe at https://walktheworld.com.au/

Discussing GFG, And Local Steel On The Radio

This is a replay of my latest interview on ABC Illawarra discussing the problematic relationships between local Steel businesses owned by the GFG Alliance, and its complex financial relationships with Greensill Capital, Credit Suisse and Citigroup in the light of recent court proceedings.

We need to ensure the local manufacturing capability is protected, to say nothing of some 6,000 jobs which could otherwise be at risk!

Go to the Walk The World Universe at https://walktheworld.com.au/

“Lets Create Yet More Money”: Says The IMF

This past year or so has seen a massive creation of liquidity across the world as Central Banks ramped up their Quantitative easing programes and Governments threw money into the mix in an attempt to revive economic momentum, inflation and preserve the unstable financial system. There is of course no simple way back, and currently the main impact appears to be asset inflation across stocks and property, while the real economy languishes, even as debt climbs.

But now the IMF wants to join the FIAT party – FIAT meaning “Let it Be” or created from nothing using allocating special drawing rights (SDR) to augment instantaneously the international reserves of its members. They claim this would significantly benefit poorer countries and help build confidence at a time of global crisis, dramatically demonstrating international cooperation. But it is pure Neo-liberalism…

CONTENTS
0:00 Start
0:40 Introduction
1:16 IMF Joins the Fiat Party
2:00 Special Drawing Rights
3:12 IMF Statement $650 Billion SDR Allocation
10:20 The History of SDR’s And How They Work
21:35 PRGT Australia Contributes $500 million
22:05 SDR Accounting
24:50 Pros and Cons
27:22 My Conclusions

Go to the Walk The World Universe at https://walktheworld.com.au/

Archegos – Is Leverage In Question Now?

We dissect the Archegos Capital Management story, and look at Family Offices, Block Orders and the derivatives they used. And also asks whether this flags a new perspective on leverage.

0:00 Start
0:40 Introduction
1:00 Background – What Is A Family Office?
5:40 Total Return Swaps
6:45 Contracts For Difference
8:05 About Prime Brokers
10:05 ViacomCBS and Other Stocks
11:50 Margin Calls
12:50 Attempts To Mitigate Failed
13:20 Block Trades
14:53 The Fall Outs Across Major Banks
17:12 Biggest Hit Since LTCM
18:00 Questions To Ponder – Why Did The Banks Do It?
20;00 $10 Billion Losses
23:12 Is This Overdone?
29:03 My Conclusions – The Consequences Of Over Leverage

Go to the Walk The World Universe at https://walktheworld.com.au/