John Butler

The wind is “free”?

I like to sail. Many do, especially here in Great Britain: it’s a large, windy island, with craggy coastline, currents, tides – just about any…

What the end of the euro looks like

The euro was always a political project, rather than merely an economic one. With both a formal fiscal union on the one hand and a…

The euro’s TARGET2 is revealing what’s really going on inside the euro area

While the European Central Bank (ECB) has backstopped the governments of the weaker euro area economies, and thereby their banks, it hasn’t been able to…

Why the euro is failing without bond markets crashing

The Covid-clouds might now be clearing from the European economic landscape. However, as they dissipate, they reveal just how uncompetitive much of the euro area…

How to invest when you’re facing stagflation

Yesterday we looked into the spectre of inflation and its terrible twin, stagflation. Today we examine its effect on the stock market and other investments…

Why inflation is back

For many, the rollout of vaccines and associated relaxing of various forms of lockdowns are cause for relief – celebration even. But there is another…

Central bank digital currencies are even worse than fiat

Earlier this month, the People’s Bank of China (PBOC) announced it was expanding the testing of its central bank digital currency (CBDC) to six more…

The Euro Breakup Probability Calculator

[The following segment about the creation of the euro was first published in the Amphora Report. You can read the full article here.] Although my…

Why an SDR-based global currency “reset” would ultimately fail

The Great Reset has captured the world’s imagination. Conspiracy theorists, visionaries, leaders, institutions, critics and the media are all over the topic. We’ve been covering…

Part II: what to expect from the coming Currency Reset

In our present age, we see all of the traditional harbingers of a future currency reset in growing measure. Already elevated for many years prior,…

The coming Currency Reset

Well before the Covid-crisis struck last year there was growing discussion in policy and academic circles that, at some point in future, a currency “reset”…